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Did You Break This Law?
KM Recommends: Social Media Marketing Industry Report
Odd Spot: Unbelievable Tax Deduction
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Vol. II/Issue 7 April/2009
Reading Time: 4 min. 43 sec.

Greetings! ,

Ahhh, spring is here! Even for a snow lover like myself, it's a great feeling to relax into the warmer temperatures (although here in Rochester, NY, warm is a matter of perspective).

Truthfully though, I love the diversity of the East's seasonal flow. That's one of the reasons I picked the Northeast over my home base on California's Central Coast. Clear skies dominated from April through November and quite frankly, I found it boring.

Maybe you don't need diversity with your weather but you thrive on it in other areas. What about food? My husband loves pizza but even he can't eat it every day (or at least with the same toppings). Or, have you ever had the urge to just get away for a change of pace and scenery? That's your need for diversity kicking in.

Diversity stimulates your mind, feeds your creativity and helps you appreciate your regular, dependable routine. Diversity is also good for business. This issue is the first in a two part series focusing on the necessary role of diversity in business.

All my best,

curtains
Did You Break This Law?
  by Karen Marley
 
You must be reading this with a smug attitude thinking, of course I don't knowingly break laws. Yes, yes, we all know you always drive the speed limit and never jaywalk.

But I'm not talking about the laws in our judicial system. I'm talking about the laws of nature and your business practices. Not only is the natural world and the business world woven together quite tightly but the rules for survival are the same in both.*

For starters, you have to recognize your business for what it is: a system. Now we can look at the role diversity plays in the survival of a system.

Diversity.

What it is.
  My dog-eared copy of The Dictionary of Ecology and Environmental Sciences defines diversity as
the number of different species, and their relative abundance in an area. Diversification is an increase in variety.

What it does. Diversity gives a system options and options  strengthen its adaptability. It can also improve the overall productivity of the system. In other words, a diverse system is a healthy one.

This is why the natural pattern life wants to follow is one of increasing diversity. Strip a system of its diversity and manipulate it into a highly specific niche and you get a hyper-efficient system with extremely high productivity that's always at the brink of collapse.

Scientists use diversity as an indicator of the relative health of an ecosystem (called a diversity index). This same logic can be applied to other systems, including your business.

Some basic examples of diversity:
  • in nature. Pandas have a very specialized diet. If they don't have bamboo leaves, they starve. Raccoons on the other hand, have a very diverse diet. As omnivores they will eat just about anything. If one food source dries up they switch to another. Raccoons have been very successful at surviving in a wide range of habitats. Pandas...not at all.
  • in a community. For years, Kodak was Rochester's largest employer. Much of the Rochester community depended on Kodak's prosperity. Since Kodak's downturn, Rochester is relying on the collective efforts of a diverse range of small business entrepreneurs to slowly improve its economic viability. 
  • in a farm. Think of a dairy farm tapping its stand of maple trees to provide supplemental income. Or a crop farm planting Christmas trees on land too acidic for wheat. These practices bolster the productivity already in place.
  • in your business. Incorporate diversity into your business practices to improve its ability to adapt to unforeseen circumstances or to strengthen current strategies. Even specialized businesses should have diverse practices at different levels. Are you dependent on one or two revenue sources? What about lead generation? Marketing strategies? Advertising?
Ask yourself, is your business a highly efficient monoculture one step away from disaster or a diversified system capable of long-term survival? Is your business a raccoon or a panda?

In the next issue, I will provide two specific examples of how you can improve lead generation and advertising capacity by increasing your communication diversity.


Want to use this article in your e-zine, newsletter or Web site? You can as long as you include this complete blurb with it:
Karen Marley is an independent business writer who helps businesses communicate their value to their prospects and customers.
She can be reached at http://www.kmwordsmith.com.

*I have an M.S. in environmental science from SUNY-ESF and worked for over five years in a multi-disciplinary museum. As a result I tend to look at most things through the science and ecology lens.

KM Recommends
Social Media Snapshot

Michael Stelzner, a highly successful marketer and white paper writer just released the Social Media Marketing Industry Report. The results reflect the attitudes and practices of approximately 800 professionals from a range of business sizes and specialities...including yours truly.

The report reveals some very interesting trends regarding time spent, size of businesses who use it and perceived value. Check it out here. You'll have to scroll down and download the .pdf document.

Odd Spot
Odd Spot Totally True Tax Deduction

Evidently, there is a man whose physician advised him to get more exercise. Thinking creatively, the patient installed a luxury swimming pool and deducted the entire project as a medical expense.

Wondering what other weird deductions have been attempted? Go here.


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