Archive for the 'Family Business' Category

Apr 22 2012

I have what you need and want now!

You are not what you sell.

                             

You are what you solve.

              

True business professionals who dwell in the world of sales, and all small business owners (who live there too) know instinctively that they are not really salespeople pushing their wares and services on others.

They recognize that they are actually problem solvers who listen carefully to customers and prospects and respond with solutions. They focus on building relationships.

The problem is that solving the problem is often glossed over, dismissed, and sidetracked in the process of communicating with a customer or prospect. How often have you heard a store or organization or company rep start out (or jump to her or his safety net when a positive response is not evident) by rattling out a long list of product or service features?

It’s human nature to talk about all the strong points and unique features of a product or service we want others to like, and want, and dive into their pockets for the money we hope they’ll produce. But human nature doesn’t move sales. Customers and prospects don’t buy features. They buy benefits.

How long will this product or service last? How economical is it? How does it work? What colors are available? How spectacular is the price deal? How great is the supplier company or organization? These are all very nice kinds of things to get across because they help purchasers justify their decisions to others (bosses, spouses, friends, etc.) BUT . . .

None of those kinds of features will trigger a purchase.

Features are rational objective things. People are motivated by emotions. Maybe they’re simply charmed by the rep, or maybe they’ve been convinced that the personal benefits to be had outweigh the expense . . . because the product or service solves their problem!

We buy benefits: how easy and convenient this makes your life, how much your friends and neighbors will admire your good taste, how great you look with/in/next to it, how terrific your garden will be when this thing keeps the deer and rabbits away, what you can do for your children’s/grandchildren’s future with the savings from this policy, how wonderful this will look in your living room/dining room/kitchen.

And how do you get someone to this decision point? 1) By listening carefully (prompt customers and prospects to talk 80% of the time!), and 2) By processing what you hear and see to show how what you have to offer can solve their problem.

Anyone can ram features down someone’s throat. This loses more sales than anything else. It takes patience, understanding, and sitting (mentally and physically) on the same side of the table, working in concert to solve the buyer’s problem.

For immediate, focused, affordable sales help, call me now: 302.933.0116

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 With thanks to my LinkedIn friend Kevin Kempler for inspiring this post

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Hal@Businessworks.US   302.933.0116

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Feb 15 2012

CREATIVE BUSINESS

TIMELESSNESS

Surely you jest! The closest we’ll ever get to this state of existence (and still be living) is on vacation (or drugs!), or by meditating or exercising. Reality dictates that timelessness is not a condition of most employment, unless you’re an Astronaut.

~~~~~~~

So what’s a poor creative business type to do to achieve a big enough taste of nirvana, be inspired to greatness and  innovative genius . . . and to prompt meaningful sales?

First, manage your time more efficiently. Pay no attention to corporate trainers and consultants who advocate that life is not about managing time but should instead be about managing your self more efficiently.

CREATIVITY IS NOT SPAWNED

BY EFFICIENCY.

Creative expression evolves from dreaming, trial and error, inspiring examples, hard-nosed research, brainstorming, testing, communication, and often from sleeping on your ideas.

You’ll do –for example– a better job of creative marketing or website design after watching an animated movie, or after taking a walk or jog through the woods or a park, or along a waterfront.

You’ll get more creative traction out of playing with a toddler, or a puppy, or visiting your local ASPCA adoption offerings, or a nursing home, children’s hospital, school, theatre or day care center.

In other words, get yourself up and out of your element, away from your “normal” day-to-day environment.

ROUTINE EXPERIENCES

DON’T STIMULATE CREATIVITY.

Total immersion in the exceptional, extraordinary, bizarre, unexpected, and unusual DO.

Savvy creative directors send their writers, artists, and designers to different kinds of events to broaden their horizons and enable expanded thinking directions. It’s not unklike getting up from your desk, drawing board, computer, or workbench to take a short walk, a break, a stretch, or to get a cup of coffee. This also translates to not eating lunch in your workspace.

When we make a point of achieving little hunks of timelessness in the consciousness of our daily work efforts, grabbing at it whenever possible, we will perform better than those who don’t, and better than we normally would when we don’t take time outs!

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Feb 07 2012

WHAT “Contingency Plan”?

Feeling Invincible? . . .

Think Only Wussy Types

                                 

Fret Over “What If” Stuff?

 

Perhaps consciousness of the fragility of life has never struck you or your business full force. Perhaps you’ve somehow managed to escape the anguish, angst, and fears attached to the reality of your own or the life of someone close hanging by a thread. Perhaps you’re too young or too lucky or too blessed to have ever known the stress of having machines do the breathing and feeding and medicating and pain management?  

~~~~~~~

                                                                         

If that is even partly true of you, don’t let today pass without giving it at least a few moments of thought. Why? Because just as a business with no sign is a sign of no business, a business or business leader without good health — or a poor-health contingency plan– is the sign of a sick or unhealthy business.

“Nah,” a strong-willed 30-something entrepreneur responded to that idea, “My business is healthy,” he said, “and I have no provision for disaster because I work our regularly and I’m in good shape, we have a long-term lease, our customer base is growing steadily, and prospective investors are standing in line!”

“But surely,” I offered, “you have some kind of insurance coverage? Fire and theft? An office policy? Collision? Life? Health?” He cocked his head as if I’d hit him with an illegal punch, “Sure, but so what? THAT is MY contingency plan. Things go south? I just file claims and collect enough to start something else!”

“That’s good,” I said, “because burglaries and fires and tsunamis and earthquakes and hurricanes and tornados do happen, but I’m talking about catastrophic illness. That happens too.” Ask around. You’ll find plenty of people who’ve experienced sudden ill health, who suffered, and whose businesses suffered because they had no contingency plan.

When that “CLOSED DUE TO FAMILY ILLNESS” sign goes up on the front door (or website), dwindling (sometimes plummeting) customer loyalty and support follow. We live in a what-have-you-done-for-me-lately? society.

Are you ready to face critical damage to your revenue stream and threats to the life support system your enterprise has routinely fostered?

                                                         

What steps will you take and in what order? Or who will pinch-hit for you? What impact can your suppliers and customers expect, and how –specifically– will they be dealt with to accommodate their needs and to keep things running and moving forward? What gears will need to be shifted? By whom? When?

The time to deal with contingency planning is now, and to re-visit the plan at least once a year. The cost to plan is time. The cost to cope without a plan can be annihilating. It’s certainly true that expectations breed disappointment, but it’s equally true that having no plan is like captaining a rudderless ship.

And then there’re storms . . . 

                                                                    

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Feb 05 2012

TEST Where You’re Going

Get it in writing . . . 

The Hardest Business Task!

       

Yes, test your objectives. Yes, test your strategies. Yes, test your tactics. And, yes –first and foremost– test your concepts. It’s the only sensible way (before spending money on ideas that might sound great, but that fail to produce), to make sure your pursuits are solidly grounded and integrally connected. 

~~~~~~~

What’s the hardest task in business? It’s really not hiring and firing, or funding, or maintaining operations, or making sales (though HR, finance, operations, and sales people may all want to lay claim to having the most difficult jobs). The hardest task is getting it in writing. Huh”? What’s “it”? And what’s so hard about writing? Writing what

I believe the most challenging of all business tasks is getting your direction and contingency plans straight. (Considering widely-published SBA findings that over 90% of business failures are attributable to “poor management,” knowing where you’re going is certainly Job One for most entrepreneurs.)

Writing your objectives clearly, simply, specifically, realistically, flexibly –and with a due date attached– has proven time and again to make the difference between revenues and profits, between success and SUCCESS!

                                            

The more principals, partners, investors, advisors, managers involved, the harder the task. It becomes exponentially difficult because –to have any value– everyone involved must agree at least somewhat with every word. In other words, agreeing on a precise target is sometimes the most trying of all challenges.

                                                                 

Is it (your target objective) the same as your Mission or Vision Statement?

No, but it probably needs to directly reflect both.

                                                                

Whatever the objectives (or goals) are that you verbalize for yourself or your business, they need to be:

A) Missions in and of themselves, and they must fit conceptually under the umbrella of your own or your company’s overall Mission Statement.

[If your objective(s) fail to measure up to your overall Mission Statement, or don’t quite fit under its umbrella, re-examine where you’re headed with things. You may need to switch gears, or direction, or timing, or desired results.]

B) Following the path of your Vision Statement.

[If this isn’t happening, redirect your focus or re-visit your Vision Statement to consider some adjustments.]

Can you make changes and still be “on-target” with your pursuits? Absolutely! Remember that flexibility (together with realistic, specific, and due-dated) is one of the key criteria for effective goal-setting. If you’re not reaching the goal you defined, be flexible enough to redefine it, or change the tactics you’re using.

                                                               

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Jan 31 2012

It’s A Miracle!

Miracles Will Never Cease!

                                                            

It’s true. As long as you work harder and not smarter (Ask those who succeed instead of those who teach!), stay perpetually positive, appreciate those who support you, believe in yourself, and pray to and trust in God, you can boost your odds for success right through the roof! 

~~~~~~~

Here’s what happened. So many of you (Thank you. Thank you. Thank you.) have posted and called and emailed me with your warm wishes and prayers during this family trauma period that has absorbed me over the last few weeks, that I’m convinced you made a difference.

The emotional roller coaster is finally slowing down.

The daily episodes of great mental, emotional and physical stress are giving way to what all the doctors and nurses and others involved are now saying was a true miracle.

After racing her unconscious to the ER, followed by two weeks in intensive care including ten days in a coma, literally no one expected to see her survive.

Kathy, my wife of 25 years, is now alive and thriving. With her life hanging by a thread, no one had given her a chance . . . no one except Kathy. It all came down to her and God.

She is –Hallelujah, and thanks be to God– more alive now than she has ever been!

Those who visited her early on, who saw her with tubes in her throat, her nose, her fingers, hands, arms and legs –a medical marionette– with dials,  switches, beeps, graphs and blinking numbers coming from nearly two dozen monitors, do not believe her now. Five days later, she is walking, talking, eating, joking, and remembering details.

But she wasn’t given a chance of even surviving.

And what does this have to do with small business and personal development? Everything. There can be no greater fight than fighting to live. Whether it’s a battle for business survival, or –and I truly hope you never go through what Kathy and I experienced– your life or the life of a loved one, you can never be too prepared.

Like  children getting their value systems in order before the age of five, we need to work hard at cultivating and growing our fortitude, attitude, authenticity, integrity, self-esteem and self-confidence, our spirituality and love for life every day.

Every day. Because –like a fire extinguisher, parachute, healthy body, and alert mind– self-reliance marks a winner.

Kathy is a winner. I am so proud of her, and so grateful for what one doctor called her “absolutely astonishing will power.” From this perspective of reality, I have decided to continue with my blog posts on a two or three times a week basis, instead of daily, as it’s pretty much been since April, 2008. Life is simply too important.

Thank you, all my thousands of blog visitors and Twitter friends. You are amazing!

I will hope to keep hosting your visits here two or three days a week. God Bless You. 

                                                           

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Hal@Businessworks.US   302.933.0116

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Jan 12 2012

The Small Business Career Trap

You got ideas?

                           

You’re ready to trade in

                              

that corporate career?

                          

Don’t be too quick!

 

 

Created by cover-your-butt, tunnel-visioned corporate types, who are busy going nowhere, the “Small Business Career Trap” puts a stranglehold on reentry to the corporate world once someone has “defected to small business life. It’s like deportation. Change your mind? Oh, no, that’s not allowed. Make a come-back? No way, José!

“Tunnel-visioned”? Well, sure– because the assumption behind that label is that you can play either football OR baseball, not both, and that once you switch sports, you can nevermore capture the credibility in the field of expertise you left behind. Ridiculous? Of course. Michael Jordan isn’t the only athlete to master multiple sports.

The kind of corporate mentality narrowmindedness that fosters (and nurtures) this kind of thinking discounts the wealth of unique contributions a small business-experienced individual can potentially make to stimulate the prevailing lethargy of so much corporate life.

And paradoxical, don’t you think, that the attitude strikes at the heart of the very same types of entrepreneurial contributions that no doubt accounted for launching every corporate entity to begin with?

As long as the political climbers at corporate giants refuse to honor the value of small business experience, and continue to fail to take advantage of the opportunities to integrate and cultivate more entrepreneurial spirit in their organizations, there is little hope that the big boys of business will ever favorably affect the economy.

And adventuresome entrepreneurial wannabe’s need to accept the reality

that big business-to-small business career moves probably have no return route.

                                             

This can be pretty disconcerting whenever you (the traitor) reach the point in small business (and you surely will) of realizing you are indeed smarter and more talented than corporate counterparts, MBAs and all.

It will become transparently clear that you could bring greater success to corporate productivity and profitability pursuits than people presently responsible for achieving these goals. Nonetheless, if no one will open the door, your only choice may be to return home and keep looking (Good Luck!) or break the door down.

Not many welcome mats are

laid out for forceable entry.

Will this ever change?

Short of revolution, it’s not likely.

                                                   

If you should have any doubts, by the way, that corporate mindsets are so deeply entrenched in fears of recruiting and hiring entrepreneurial thinkers and doers, just scroll through some corporate help wanted ads. Find just one that addresses small business expertise, a sense of urgency, and the ability to respond and adjust. Good luck again!

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Hal@Businessworks.US   931.854.0474

Open  Minds  Open  Doors

Make today a GREAT day for someone!

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Jan 11 2012

STAY SMALL TO GET BIG

 You’re an entrepreneur?

 

You’re probably the

                           

 runt of the litter!

 

                                

Ask anyone who’s made it big in the service business, and the odds –by my calculations– are roughly 9 out of 10 that she or he did it by staying small. Makes sense. Most runts of the litter have entrepreneurial zeal and instincts. They scrap, scrape, and battle for food and attention from the day they’re born.

And runts make great dogs but not always great parents, which raises a key how-to issue about staying small. From my experience, there’s hardly ever a good and reasonable reason for adding payroll employees when you’ve passed the point of generating strong revenues on your own..

At most, you may decide to put an assistant on payroll, but herein lies the secret to continued growth: The person you choose must be dedicated and loyal to you at all costs. He or she must be a super organizer since –as an entrepreneur– you’re probably not. This individual must have no greater purpose than to make you successful.

In other words, do NOT seek a creative thinker. That’s your job! Do NOT seek a super salesperson. That’s also your job! Find someone you can trust absolutely all of the time. Find someone who will be assertive with other people on your behalf. Find someone who will rise to the occasion, who does not need hand-holding.

You need a person with strong judgement skills, who can readily size up others (and situations) and who knows enough to know when to insist on over-communicating with you. In other words, if you need to hire someone, hire a leader. If you can find this individual, and it may take years of searching, you won’t need anyone else.

Anyone else you take on should be on a commission, performance incentive, or parttime basis. Once you add a payroll position, and get the wrong person involved, you commit to stagnation and foreclose your prospects to succeed; you commit to the odds of adding expenses without being able to cover them. You commit to status quo.

In a product business, you need only to add skilled labor on a highly selective and prudent basis. One person with know-how, and the drive and energy to do the work of two people at one and a half times a one-person salary is far better than two people doing two jobs for three-quarter person salaries.

The bottom line: Runts of the litter excel as entrepreneurs. They are more independent, inventive, industrious, and self-sufficient. Rather than waste time looking, they will use a coin for a screwdriver. But once in a while, they need to back off and do some hard thinking about where they’re headed and where the next bone is coming from.

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Hal@Businessworks.US   931.854.0474

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Make today a GREAT day for someone!

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Jan 10 2012

LETTING GO

What do workaholics,

                             

delusionists, and grieving

                          

friends and relatives

                        

all have in common?

 

 

 Why is it that the people who are most in need of breaking out of their workaholic patterns are the ones most resistant to the suggestion? They’re afraid to let go. Well, logically, it makes sense. Fear is the single most destructive emotion (and sometimes, paradoxically, greatest motivator) in existence.

Letting go is life’s single hardest task.

                                             

Workaholics share this infamous platform with those who live in delusion as well as those who grieve the loss of loved ones. Letting go means giving up an important part of yourself in favor of moving on, or back into, reality. Many egotistically, and sadly, are convinced that the world and their business could not survive without them.

“Sadly,” because these same people will almost inevitably drive themselves into cardiac care units… or the grave… using the excuse as a rationale that they “never gave up the ship!” It’s a lot like being mentally retarded (and having a daughter who is, I can say this with some authority). The single difference is the awareness of having a choice!

Never-say-die workaholics

 simply choose not to choose.

                                                                       

They know they have a choice, but feel threatened by the idea of changing horses in mid-stream. So they instead invest themselves in maintaining the status quo at all costs. Or, as world renown family therapist Virginia Satir used to say, “they get dried up and shrivel up.”

And, Satir goes on to ask: “Don’t you think this affects the growth of their families and that of those who work with them?” See for yourself. Status quo seekers are everywhere, harboring pain and misery, and transferring their own inadequacies and choices not to choose to change.

How dim the lights that light these lives. How stagnant the businesses they run. How rebellious the children they raise. Choosing situations and leaders who make the choices for them . . . how unfulfilled the lives they live.

This picture is bleak indeed, and it permeates many corners of the corporate and union worlds and government universe but, thankfully, has rarely become the payoff of hard work and self-sacrifice that many entrepreneurs practice. How is that? Because most entrepreneurs play and sleep as hard as they work.

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Jan 09 2012

PSYCHOPRENEURS

Think “Shrink”!

 

Are you a basket case business owner?

 

 

Let’s face it, fellow entrepreneurs, everyone is dysfunctional. The experts (whoever they are) proclaim to the universe of both trained and self-designated shrinks out there that everyone comes from a dysfunctional family. Well? Has it ever occurred to you that if each of us has a dysfunctional family, then each of us must also be… hmm?

Okay, so the sanity playing field is now level. So, going forward, let’s just accept that every entrepreneur (us included) is at least in part a psychological mess. Could it be the reason we tend to be so compulsive about so many things? Could it be the reason we tend to be over-stressed and over-react?

Maybe it’s why we jump so abruptly from one thing to another (vs. corporate guys who take the opposite extreme approach of belaboring and analyzing every issue to death, proving their mettle by seeing it all the way through to completion).

Success though is very much about balance, about keeping the highs and lows and the jumping around and the analysis paralysis on an even keel. Moderation is the king of balance. If, for example. we respond instead of react to words, actions, people, ideas , and situations, then there is no possibility of ever OVER-reacting.

Well, that makes sense, but isn’ it easier said than done? How do we get ourselves to respond instead of react when our fuses get ignited? Maybe get a longer fuse. Maybe keep your fuse away from ignition switches and spontaneous combustion dynamics . . .  kind of like not putting yourself intentionally in harm’s way.

It’s a choice. Let’s try that once more with feeling:

IT’S A CHOICE! Choose how-to steps like these:

                                               

First aid techniques include cold water on your face (perhaps a cold shower, depending on circumstances), washing your hands, taking a couple of quick deep breaths, briskly rubbing your temples or the back of your neck, taking a walk around the block, or saying a prayer of thanks for what you have in your life today.

In police crisis intervention training, the number one objective of any “domestic call” (usually a family dispute, and the source of more police injuries and fatalities than any other type of call, including robberies and high speed chases!) is to physically separate the warring parties into different rooms or spaces.

A business derivative of this is to physically separate yourself from a conflict situation long enough to gain or re-gain composure. There is no purpose to be served by “toughing it out”. . . save that notion for your next movie script, or sports field heroics. Reacting and over-reacting have no place in business. None. Zero. Zip. Nada.

SHRINK YOURSELF OUT! Get in front of that mirror. Make an angry face and decide how that looks. Next, take a deep breath and briskly rub your cheeks and forehead for 5-10 seconds. Now smile your best, most genuine smile. How does that look and feel? How hard was to switch gears? You can do that whenever you want. Choice.

                                                                                                                                              

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Hal@Businessworks.US  931.854,0474

Open  Minds  Open  Doors

Make today a GREAT day for someone!

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Jan 08 2012

You have 340,666 minutes left!

What will you do with

                             

your time this year?

 

FACT: As of January 10, you will have already spent 14,400 minutes of this new year that you’ll never get back. QUESTION: On a scale of 1-10 (10 being best), how would you rate the value of your 2012 accomplishments so far?  ONE MORE QUESTION: What will you do with the remaining 340,666 minutes (511,000 minutes minus 1/3 for sleep) in 2012?

~~~~~~~ 

                                         

Can the last question really be answered? Of course not. How could you possibly know what situations and circumstances will impact your intentions? So maybe intentions are not such a great thing. We’ve heard, after all, that they pave the road to hell, hmmm? And they’re kind of like expectations, right?

And don’t expectations breed disappointment?

                                                             

So where does all this quibbling over semantics actually leave us? Hopefully . . . (aw, wait a minute, isn’t “hopefully” like an intention and expectation combined?). Well then, is this an end to planning as we know it? Do we throw the goals out with the posts? (A little pun there for football fans.) Do we stop having objectives to pursue?

Planning is essential, but it is not a trigger for compulsive pursuit at all costs.

                                               

How do we know this? Because planning (i.e, goal-setting) has been long proven to be successful only if the process of goal-setting adheres firmly to specific criteria, and one of these is flexibility. The less flexible, the more stress. The more stress the greater the odds for failure.

There is something to be said for the thrust and direction of many, if not most, entrepreneurially-spirited engines . . . something that is most succinctly put as “living for the moment.” Entrepreneurs instinctively seek immediate gratification and are more focused on the “here and now” present moment than those in other careers.

It’s that old thing grandpa used to say about not putting off ’til tomorrow what you can do today. Entrepreneurs are business junkies. They have a powerful need for a quick fix when things start to flounder or deteriorate, or when last week’s “high” begins to wear off. Sound familiar? It’s true.  Look around. Ask around.   

Small business owners and operators have mostly learned the hard way –through trial and error and intuitive “street smarts”– that ongoing quick-fix actions are the only ones that get results, and keep businesses moving forward when the tide is changing or the current is a backwash.

But swimming upstream for any period of time can be exhausting to say the least, so the idea of taking immediate corrective/adjustment action needs, in reality, to be tapered only with the commitment to take only reasonable risks in the process, and to always imagine the worst case scenario before proceeding.

Try repetitively asking yourself the following question all during any crisis or critical period, hourly if need be:

“Is what I’m doing right this very minute

leading me to where I want to go?”

                                   

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Hal@Businessworks.US   302.933.0116

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