Archive for the ‘Uncategorized’ Category

Another reason …

Tuesday, September 13th, 2011

Report received today from the UK which states that at least one economic research agency expects disposable income to decline over the next ten years.

Maybe, maybe not.

The old joke about the definition of an economist still stands: “An economist is someone who has successfully predicted 7 out of the last 2 recessions.”

Either way, there is no use worrying about it. What will be, will be.

There still remains one tried and tested way that you can help both the economy and yourself simultaneously: get better at your marketing and get people spending money with you.

The economy and you are like a wave and a surfer. You can’t control it, you can only get better at riding it.

The recovery will be led by people like you and me who get good at getting people to spend.

How to be a genius

Monday, August 29th, 2011

I’ve no idea who came up with the 10,000 hour theory but it’s probably not far off the mark.

The idea is that is you practice/study/work at something for 10,000 hours (that’s 1,250 eight hour days or 250 normal working weeks or 5 working years just doing that one thing) then you’ll be reeeeaaaally good at it.

Hitting golf balls, playing the cello, designing stuff, counseling  … pretty much anything probably (although I doubt that 10,000 hours of drinking beer and watching rugby would count – bit of a shame but there you go).

But the thing is this: if those 10,000 hour are simply 1 hour repeated 10,000 times then you may not be rubbing shoulders with Einstein, metaphorically speaking.

Focus is clearly one part of the genius equation but so is thinking about what you are doing, observing what is working and changing your behavior if you want a better result.

Genius comes from a lot of practice and a lot of thinking. 10,000 hours of each should do the job.

That may sound like a long journey but it’s really only 10 years away and it’ll be here soon enough and if you stay focused then it’s very likely that the attraction of new clients will become a whole lot easier. Geniuses have a way of attracting followers.

In regard to genius status, the worst mistake is trying to be all things to everyone. #2 mistake is probably something like spending most of your time reacting versus being proactive … the pinball in a pinball machine versus the flipper.

It really truly does come down to …

Wednesday, July 27th, 2011

Attitude.

Not who you are, where you are, what you do, which school you went to, who your parents are, who you know or how much money you have …  it’s your thoughts that will immediately create your experience of reality and ultimately they will also reshape reality itself.

I still find it fascinating how many of the most successful business owners that I’ve interviewed persist with problems and challenges like my dog does with a bone. Unlike the “I want it quick and easy” brigade, they daily pay the price that success demands (moderately intelligent and persistent effort) and they never ever make excuses.

They won’t let a dream go. They really wouldn’t know how. And they don’t give up on a goal. They always … always … always … find a way.

Even when it means packing up and starting again … they ultimately find a way to get to where they want to go.

And in their hearts and minds they “know” they will ultimately succeed. They have no doubts about their final destination. The only flexible factors are how long it will take and what they will have to do to get there.

They are much less like the “go-with-the-flow” jellyfish people who believe that “the universe” is going to do it all for them, and much more like a relentless waterfall that reshapes the landscape below.

I’ve observed so many of these people who don’t have the money for what they want/need to do and then find it or figure out a way to get what they want without the money or with someone else’s money.

I’ve seen them not have enough time and then find the time.

I’ve been with some of them when they’ve been hit with a major setback and I’ve also been there when they’ve bounced back and overcome the obstacle.

BTW: they are not super human. They suffer from self-doubt the same as everyone does.

And they have others doubts as well – about their plans, about other people – but interestingly they only have one major fear.

And it drives them beyond the ordinary and into the league of business greatness … their only major fear is NOT that they will fail (they are prepared to do that repeatedly if necessary) but rather that one day they will give up.

Which is why it will never happen.

The real secret to making progress

Wednesday, July 20th, 2011

I probably have a warped sense of humor.

Which would explain why I still find myself, after some 31 years of working with clients, having  a little chuckle when one of them starts beating herself/himself up over a lack of perfection.

What happens is this: we begin working together and they undergo training and coaching and eventually we craft a strategic marketing plan and they begin to implement.

And then something happens … they run over their cat or a client resigns or their wife/mother/husband/father/child/dog get sick or a supplier lets them down or, or, or … in other words: life happens.

And our lovely plan goes out the window while they (quite rightly) attend to more urgent matters.

Or sometimes they simply get busy and bury themselves in minutia.

Either way the result is that we meet for our review and they apologise for the lack of follow through.

So I say something like this: “Hey … welcome to the human condition … which is one of imperfection and inconsistency. And please, relax into the knowledge that these characteristics are a part of your DNA and whilst you can get better at staying focused and following through more consistently … you ain’t EVER going to be perfect.  Just get back on the horse and re-commit”.

This attitude is not a cop-out. It’s a balanced recognition of reality.

So the next time you notice that you just got seduced by emails or way-laid by a problem – just smile to yourself and say “of course!”

And then do the only thing that is left to do … which is NOT to beat yourself up … but rather to re-commit to your marketing plan (you do have a marketing plan, don’t you? If not then you better click here) .

Conclusion: outside of MBA theory and “look-at-me-I-am-a-hero” type business speeches, real progress is made by real humans who inconsistently and imperfectly persist.

And that my friends is the real secret to making progress:  imperfect persistence

What to do when life sucks

Tuesday, July 19th, 2011

Following on from my last blog about plans not going according to plan …

I estimate that over the last 41 years I’ve completed over 8,000 runs. I love running. It’s been a massive part of my life. In fact, in May I completed an ultra-marathon in Europe. 73k with the first 25k being a hill. That was a big day at the office: just under 9 hours of “run Tom run”.

Yesterday I saw a specialist about a hip replacement. Instead of booking a date, he told me to stop running. End of story. Naturally I protested. “Tom” he said “hip replacements are for people who are worried about not being able to walk 100 metres, not for people wanting to run 73k”. Fair enough.

But it hit me like a fast moving brick wall. I felt like someone I loved just died. Seriously, it was a shock. I’d planned to keep running … well, forever.

So after I finished work last night I phone Beloved in Germany and dumped my sorrows on her. Naturally I was told to “get over it”. (tip: Germans are not really your go-to-guys for when you want to cry on someone’s shoulder).

She was, of course, 100% right. So I went out and bought an expensive bottle of bubbles and celebrated the end of running. I slept well.

And this morning I asked the same question I asked when my first business failed, when my first wife left and any other time I’ve felt massive disappointment: “what will I do – to turn this into a winning post in my life?”

I recommend you look for the gift in every problem and commit to making your life better every time you get a set back.

Or did you have a better plan?

 

 

When things don’t go according to plan …

Wednesday, July 13th, 2011

Every now and then plans don’t go according to plan.

Actually, make that “never”.

For example: beloved and I were meant to be skiing in Queenstown over the first week of this month. I organized it all to happen after I got booked to speak at a conference in Christchurch.   We were going to fly to Christchurch, do the conference and then grab a car and go ski Queenstown.

So that was the plan:  beloved – Christchurch – snow.

What happened instead was Christchurch got smashed by an earthquake and it destoyed the conference center and so the gig was moved to Hamilton. Also, Beloved went to Germany to nurse her dying Dad and lastly, it refused to snow in Queenstown.

So: no beloved, no Christchurch, no snow.

Spot the difference? Apart from those three little hiccups it all went according to plan.

Some wag once said: “Plans are what we make when we want to give God a good belly laugh.”

So when your day/week/month goes off plan, which it will, you can go and cry in your beer or you can take a breath, smile and say to yourself “of course!”

Or do them both, don’t just waste too much time on the former.

Sequence – strategy before tactics

Tuesday, April 19th, 2011

If you start thinking about how to grow your business then you’ll probably start with a question something like “How to do I sell more of my stuff?”.

Which is perfectly understandable, that’s the outcome you want.

It’s also an example of getting sequence wrong.  It’s starting with you and your product/service.

Effective sequence always starts with where a Specific Unmet Need (SUN) exists in the market place. If you can find one that is satisfied with your existing product/service then you go to the next step of getting your message to that market.

However if your existing product/service is off the mark then you need to create new features that meet the SUN.

This is where strategy starts. Trying to grow a business without the correct sequence is like trying to move a cart while it’s still in front of the horse.

The trouble is that most business owners are so busy trying to keep the cash coming in that by selling and supplying their product/service that they simply don’t take the time to turn off their treadmill and figure out a smarter, easier and more effective way.

Smart business owners and constantly scanning the market for SUNs and then creating product/service features that fill them.

Your next 50 cent customer

Thursday, March 24th, 2011

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A brickbat today…

I live in a small town and I needed a few A3 sized color photocopies. Not too many options here unfortunately – there is the news agency or the copy shop . The latter is run by Jessie (not her real name) and she has something of a reputation for being disorganized. The reputation is well deserved.

But I go back to Jessie time and again because in a twisted sort of way her I find her disheveled, disorganized and chaotic behavior entertaining.  And after 5 years there is still that optimist inside me that thinks maybe she’ll have her act together this time. I’m kind of internally cheering her on hoping she gets to experience a modicum of success. She’s basically a nice person who’s created a shambles of a life and a business.

She’s also short sighted … both visually and mentally, hence the big thick glasses and the reputation.

While I was waiting for Jessie to figure out how to press the “copy” button one one of her sophisticated looking  machines an older gray haired woman walked into the shop and stood next to me at the counter.  In my little town, if I don’t actually know a person I’ve probably at least seen them a bunch of times so I tend to say hello to people I bump into and so the gray haired woman and I exchanged greetings.

Jessie then rushed past the counter muttering to herself on her way to a second machine because the first one wasn’t co-operating. Not a unique experience.

There was a quick glance from Jessie at the new arrival in between mutterings but no pausing to say “I’ll be with you in a couple of minutes, is that OK or is there something quick you could leave with me?”  Jessie failed to acknowledge the woman with even so much as a slight nod of the head.

The woman turned to me and rolled her eyeballs as if to say “business as usual”.

A few minutes later, Jessie is still mumbling and cursing and delivering swift kicks to the second non-compliant machine when the gray haired woman quietly makes her exit.

A few more minutes and Jessie is pushing buttons on a third machine with as much success as she had with the previous two.

She turns to me to offer another apology and notices the woman has left.

“Has she gone?” she asks.

Kind of obvious I would have thought. “Yep” I reply.

“Was she pissed off?”

“Roger that”.

“Ah” says Jessie in exasperation. “She probably only wanted a single copy anyway”.

She then turns back to cursing the copy machine.

What Jessie fails to get is that one 50 cent copy job is not just one 50 cent copy job. It’s a new customer. And the purpose of a sale – even a 50 cent one – is to get a new customer.

That’s because it’s 5 times harder and 80% more expensive (American Marketing Research Association figures) to get a new customer than it is to sell an existing customer again.

Unlike myself, the gray haired lady will probably not return for a second dose of Jessie.

Back to you and me.  It’s fair enough if you decide not to offer a service or product because there’s not enough margin in it. But if you do choose to offer 50 cent photocopies (or whatever your equivalent is) then please give that customer with the same courtesy, empathy and respect that you would like to be treated yourself.

This is for all sorts of reasons, including but not limited to the golden rule “do unto others …” as well as sound commercial reasons.

A 50 cent copy request can be the first step in establishing a relationship of trust and a highly profitable, multi-sale, bag-of-referrals, life long relationship.

Worth thinking about.

Sequence – getting stuck on action

Tuesday, March 22nd, 2011

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Most business owners spend most of the time on most days working through a list of actions which are designed to yield a result … quickly.

Clearly there’s a place for that however if you repeatedly tackle those  lists of actions before setting aside time to develop systems … then after a year or two you’ll begin to feel that you’re stuck on a treadmill – running hard but not making progress relative to earning more money and making the business less dependent on the rather limited supply of your time.

This setting aside of time now for results later is a key characteristic that separates the extraordinarily successful business owner from the ordinary ones.

“Yeh yeh yeh …” I hear you say … “I know that”.

Really? It’s said that “to know and not to do is to not know”

For example: putting into place a series of systems to extract quality referrals from the many people you regularly come into contact with (you can check out a very valuable resource for this here: http://bit.ly/dZn1lk) would be a good place to start.Cancel

A good system will deliver predictably satisfying results almost whenever you want them and often – once they are in place – without you having to lift a finger.

So have a think about setting aside regular time in your schedule (I recommend every Friday, or at the very least every 2nd Friday) to learn about and develop systems that will free you from the treadmill.

Every single business owner I know who has made millions has continually developed and refined systems – success leaves clues and this is a big one.

 

More sequence – lifestyle first

Sunday, March 20th, 2011

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I’ve done a lot of dumb things over the years but one really smart thing I did at age 39 was to figure out the sort of lifestyle I wanted and to work back from there to then figure out the sort of business style that would support and not compromise that lifestyle.

For example:  I made a commitment to spend every weekend and 5 evenings a week with my family. Further, I committed to having a week long holiday every 7th week with my wife and kids. I also wanted time and money for many crazy adventures. And I didn’t want to have to commute through rush hour traffic.

Once I was clear on that picture then it was a matter of figuring out how to structure my business so there was enough cash flow and free time to live the dream. Apart from the odd nightmare I have lived that dream every since (for 16 years now).

This is in no way intended to impress you about me … it’s more to impress on you that this sequence is the only way you will experience both the lifestyle and the business style you truly want.

Make a list now of what you want your lifestyle to look like. Then make a list of what has to change in your business style to make that a reality – including behaviors you will keep, those you will modify and those you will no longer inducer in (e.g. working so much that you compromise health and relationships!).