Home / Weblog Consulting Services Publications
Speaking and Media About Dana Contact Dana
Search

www www.danavan.net
Google
Archives:
Categories
This weblog is licensed under a Creative Commons License.
Creative Commons License
Weblog

July 8, 2008
drake14.jpg













Since launching MarketingSavant (my social media/digital marketing consulting company) earlier this year, I've been looking at a number of ways to grow the business, outside of hiring people. By growing the business I mean simply the cash base or revenues from the organization. I was caught off guard when another local consulting business owner asked me "so, what's your exit strategy?" Wow, I just kicked this thing off, what do you mean "exit strategy". Of course, I know exactly what he means, but I'd never really given it that much thought. When you're an entrepreneur or an intrepreneuer (someone with an entrepreneurial spirit inside the corporation), you need to have your own exit strategy. For me, I've chosen to pursue an 'education in investing' strategy to help grow my cash reserves while I grow the business. Yes, I know, the market isn't exactly doing well, but that's precisely the time to get in. I look at the stocks and funds that I'm investing in now and thinking back to when I graduated college in 1999... if I had invested even a modest sum then, I'd be doing quite well now. Which brings us to the one thing that I think investing and marketing have in common (I'm sure there are others...but this one is really important... Faith in the future. As marketers, we're always marketing to the future, with faith in that marketing campaign and it's ability to deliver future value. As investors, we're buying stocks and funds with faith in the company's ability to grow into the future. Marketers and investors unite! Doom and gloom does not serve you...it's the faith in the future that keeps both of us afloat and in business. [Inspired by Kevin's post on 'cracks in the retirement nest egg']

| TrackBack
August 2008 (1) July 2008 (1) April 2008 (1) April 2007 (1) November 2006 (1) July 2006 (1) June 2006 (2) January 2006 (1) October 2005 (2) August 2005 (1) November 2004 (1) August 2004 (1) May 2004 (2) April 2004 (6) March 2004 (1) January 2004 (1) December 2003 (2) October 2003 (1) September 2003 (1) August 2003 (3)