Friday, 15 November 2013
Sunday, 8 September 2013
On opportunity...
- You have to know what you want
- You have to recognise when the door is open
- You have to walk through it
Julian Fellowes, Author
Tuesday, 30 July 2013
Sunday, 3 February 2013
What to do when you’re short of revenue and the year end’s looming…..
- List your clients down column A
- List your products and services row by row
Sunday, 13 January 2013
Tuesday, 31 July 2012
My Top 10 Time Thieves
- Fire fighting
Fire Fighting is defined as working on effects not causes. If all you do is react, fixing stuff that’s broken because it wasn’t done right in the first place, things will never change, will they ? Yes, you must react and respond, provide workable solutions. But this isn’t the real job of a manager or a leader: the real job is to change the way things are done, change the methods and techniques, and sometimes the people, so that the old problems go away. - Fighting the wrong battlesIn all ball sports, shot selection is critical: you need to play good shots. But just as important, often much more critical early on, are the shots you choose not to make – the balls you leave alone. In business, your success will be decided just as much by the battles you decide not to fight as those you do. Let some things stew for a bit; just as not every conversation is a battle to be won, not every issue is a war to be fought.
- DIY instead of delegatingOk, so you can probably do most things faster, and much better, than many. But in the long run, as long as it gets done, does it really matter it took a day longer and was only 80% as effective ? Thought not. So treat this as a coaching opportunity, where you can help someone else learn. And spend your time on doing the difficult stuff that really deserves your attention.
- Forgetting about facts
How long is spent in meetings and conversations drifting around opinions and assumptions ? If nothing is checkable, every lame half-baked idea is valid, and the lack of clarity and inevitable frustration ratchets up the emotional temperature. Break that cycle by asking: “What don’t we know ?” A few relevant facts move issues on rapidly. Ask: “Can we test that assumption ?” At the very least it stops the whinging and gets people moving and directed. If there are no obvious pointers as to what to do next, then create a theory, and test it. It might be completely wrong, but the really good news is that you now know what not to do: only one step nearer wisdom, but it’s a massive leap from ignorant thrashing about. - Thinking that all technology is
goodTechnology isn't all good. There is a
horrible paradigm amongst the generation that have grown up with Windows that
Everything Is Miscellaneous. “Why tidy up my Inbox when I have Search ? Let the
technology remember everything for me, I can look anything up whenever I need
it, can’t I ?” The consequence of this is a life lived in a
continuous present (just like Twitter, in fact), where the last thing to appear
is the most important. This destroys any sense of perspective and context, and means irrelevances
are given undeserved airtime, and everything needs to be learned afresh every day. Such childlike
innocence is seen as invigorating, when in fact it is desperately dangerous, arresting
peoples’ development, blinding them to wider truths, and gives them every excuse
to drop solid, properly thought-through plans on a whim.
So get the Inbox cleared out every day. Clear your desk. Review your Big Rocks. Write down your do list, with the Big Rocks in BLOCK CAPITALS. Turn off Twitter, Facebook, Yammer, Outlook and your phone. Go on, get on with it. - Buggering about working on the Little
RocksA Zen master was asked how to make big
changes happen in a busy world. The master began by putting large rocks in a
pot. Only three would fit. He asked his pupils if it was full, and they said
‘Yes Master’. So he took some stones, and used them to fill in the space around
the rocks. Again, he said: ‘Is the pot full ?’, and the answer came back ‘Yes
Master’. So he poured some gravel into the pot. By this time the students
hesitated when he asked if the pot was full, but still said ‘Yes’. So the
Master piled sand onto the rocks, and shook the pot till the surface was
completely level. ‘Is the pot full now?’ ‘Oh yes Master’ they said, but were
amazed when he poured water into the pot and it took a surprisingly long time
before it started spilling over the edge. ‘Students,’ said the Master, ‘the pot
is now full. But what is the moral of my story ?’ One student replied ‘No day
is so busy that we cannot achieve more.’ ‘Yes,’ said the Master ‘that is true,
but not my real point. The really important point is that if you don’t put the big rocks in first, they will never go in at all.’
To achieve major change, focus uninterrupted time on the big, different things you want to happen. - Letting email and the phone interrupt youYou decide what you do with your time, nobody else. Pick up email and voicemails every few hours and then turn them off again.
- Other peopleAre you a SNIOP ? Are you Susceptible to the Negative Influence of Other People ? If so, don’t despair, we all are to some extent. But now you know the concept, it won’t happen so readily, will it? Worse than negative people, are the poisonous ones: they’re maybe not doing it consciously, but they’re doing you no good whatsoever. The malicious ones are easy to spot (and luckily there aren't that many of them anyway). The hard ones are those who are doing you no favours through their own attributes: they may be incompetent, lazy, or just incompatible. Gently cut your ties with them.
- Feeling less than positive about a situationYour attitude is your responsibility and no-one else’s. How you feel when you walk in the door in the morning has nothing to do with your Boss or the company. “No-one has the power to change my attitude without my permission” Eleanor RooseveltIf something’s not right then stop wallowing in self pity and do something about it. And if you can’t, and you really don’t like the job then stop whinging, get off your backside and find a better one. As Ted Turner said: “Lead, follow, or just get outta the damn way”.
- Being a Wimp“Self-pity and resentment are amongst the most toxic of drugs.” John Gardner. Be gentle with other people, but mercilessly hard on yourself. As my brother used to say: "when you look back on your business career, you could always have been much braver than you actually were." What are you waiting for ? Get on with it.
Saturday, 7 July 2012
Choosing a Co-Founder
The power of two
Someone you have history with
One builds, one sells
Aligned motives required
Criteria: Intelligence, energy, and integrity
Don’t settle
Pick “nice” guys
What you don’t know
FAQs
Breakups are hard
Firing
Firing
Friday, 27 April 2012
The 3 Aspects of Fixing Support Calls
- Resolve the technical problem and complete documentation
- Ensure the customer believes the problem is resolved
- What is their level of satisfaction ?
- Do they have other issues that need looking into ?
- Research the cause of the problem, and fix the process, to prevent it happening again
Wednesday, 1 February 2012
How to run an Exhibition Stand
I've run more exhibition stands than I can remember: here's what I've learned...
DON'T
- waste money advertising the show or your presence at it: why spend your hard-earned marketing dollars inviting people to see competition ?
- waste money on branded pens, stress dolphins and all the other crap that only ends up i) in a waste bin outside or ii) in their kids' bedrooms
- do demos on the stand: by definition they're a waste of time to a time-waster, and would you ever dream of doing a demo to a properly qualified prospect in a train station concourse ? No.
DO:
- Make your presence strong, memorable, but above all your message must be SIMPLE and CRYSTAL CLEAR , just single words or phrases about what you do - they must be so big that they can easily be read from 20 metres away. Don't blow up your datasheets into posters. To bring your message to life, have pictures of customers, the company name readable from 10 metres away, and with short, punchy quotes (10 words max.) readable from 5 metres away. I once saw a great stand backdrop which was a parade of life size pictures of all the employees at the show, their name (2 words), job role (2 words), and what they do for customers (10 words) all cleary legible from the corridor. Very effective, and massively motivating for the staff, too, because...
- ...the most important thing is not to have the best, most expensive stand at the show, but to have THE MOST MOTIVATED, SMART PEOPLE WORKING THERE. Treat it like a military operation: no cosy huddles, staff chatting in defensive groups, blocking the stand from view. Identify and train two types of people...
- Greeters: friendly, attractive, likeable people. Have them stand in the corridors, in front of the other stands around, blocking the opposition, and your stand has clear sightlines from all angles. Greeters engage with everyone who walks by, asking engaging, chatty questions like "Hello...so, why have you come to this show ?". Their job is to pre-qualify, moving the tyre kickers along to waste everyone else's time, and guiding real suspects to the Meeters. Greeters have a big incentive scheme for the day and the whole show: spend the money you didn't spend on branded Rubix cubes on a prize weekend for two at a country hotel for the person who i) met with the most people ii) produced the highest number of well qualified suspects.
- Meeters don't work the corridors, the stay to one side of the stand, only talking to those the Greeters have pre-qualified, picking up the part completed clipboard form from the Greeter and completing it seamlessly. Meeters are those who can talk intelligently about what you do, but they MUST NOT get into 20 minute selling conversations: their job is to further qualify, and if this one's a prospect, make them feel special, and arrange a followup meeting, demo, whatever.
GENERAL:
Aim to have at least 3 or 4 times as many Greeters as Meeters - but some of the best shows I've run are where we've had Meeters at all: the Greeters were well prepared, and handled the whole conversation. This is only an exhibition, isn't it ? You're looking for qualified leads, aren't you ? Proper sales activity comes later.
Then make sure after the show you take everyone out, drink the local bar dry, hand out the best performer awards, and stop over in a local hotel: if you can avoid it, don't let them stop over the night before (curry and beer are nice but the worst show fuel). Shows run well are very, very hard work and need to be rewarded - but only afterwards.
Monday, 9 January 2012
The 10 interview questions you shouldn't ask
- How old are you (unless you're interviewing for police or armed forces) ?
- Are you married ?
- Are you gay ?
- Are you planning to start a family soon ?
- What are your childcare arrangements ?
- Are you a member of a trade union ?
- What political party do you support ?
- What is your religion ?
- Where were you born ?
- Do you have any disabilities that could affect you doing the job ?
Monday, 2 January 2012
The Seven Habits of Spectacularly Unsuccessful Executives
Habit # 1: SUEs see themselves and their companies as dominating their environment
SUEs vastly overestimate their influence over events and vastly underestimate the role of chance and circumstance in their success. They believe that everyone else in the company is there to execute the SUE’s personal vision for the company.
Warning Sign for #1: A lack of respect
Habit #2: SUEs see no boundary between their personal interests and their corporation’s interests
SUEs use their companies as private empires, and act as if they are king of their own country, free to spend any amount they choose on themselves.
Warning Sign for #2: A question of character
Habit #3: SUEs think they have all the answers
All executives have to develop rapid decision making skills, handle many crises simultaneously, and quickly size up situations that have stumped everyone else for days. But SUEs only listen to their own words, shut out other points of view and are closed to learning anything new at all.
Warning Sign for #3: A leader without followers.
Habit #4: SUEs ruthlessly eliminate anyone who isn’t completely behind them
By eliminating all dissenting and contrasting viewpoints, SUEs cut themselves off from reality. And with only yes-men left, who’s there to warn them that the world’s not as they would like it to be ? Or come up with a new and different approach ?
Warning Sign for #4: Executive departures
Habit #5: SUEs are consummate spokespersons, obsessed with the company image
Beware high-profile executives, constantly in the public eye, with little time for operational details.
Warning Sign of #5: Blatant attention-seeking
Habit #6: SUEs underestimate obstacles
SUEs are afraid of appearing fallible, so they avoid admitting mistakes at all costs. They’ll especially avoid accepting that the obstacles they casually waved aside are more troublesome than anticipated.
Warning Sign of #6: Excessive hype
Habit #7: SUEs stubbornly rely on what worked for them in the past
Many SUEs owe their careers to a “defining moment”: the one thing they’re known for and what gets them all their subsequent jobs. This, combined with some or all of Habits 1-6, means they have only one point of reference, and don’t consider the wider range of options needed to address new circumstances.
Warning Sign of #7: Constantly referring to what worked in the past
Finkelstein’s bottom line: If you exhibit several of these traits, now is the time to stamp them out. If your boss or several senior executives at your company show them, start looking for a new job.
Saturday, 17 December 2011
Three simple negotiation rules
Recently I came across Larry Brilliant’s 3 rules of How to Negotiate. Google him if you’ve never heard of him, but they’re dead simple, and dead right:
A) Have more points to discuss than the other side.
In wanting a conclusion, it’s only too easy to run out of big things to talk about, and then the other side can start pressuring you for a close. If you’ve lots of points important to you, you always have another reason to call, more concessions to offer (make them small !), and stay centre stage right to the end.
B) Have a mathematical formula.
Invent a calculation that justifies your desired outcome. It will of course be high: not too scary, but definitely ballsy. Of course it will be challenged, and you can discuss the assumptions, the multipliers, the variables, and any qualifying factors. But your initial, calculated (and hopefully daringly high) start point anchors a value in peoples' minds, and stops them replacing your value with theirs.
C) Have alternative outcomes.
If you don’t have walk away options, you will lose out. If you're selling a business, have other financing or exit options. If you're selling products and services, work as hard as you can to build a full pipeline.
Friday, 16 December 2011
Handling interruptions
So I did, and sat on reception. And they were right: it was impossible to concentrate, and in 4 hours I completed one task only, when normally I'd have flown through dozens. It reminded me of my early days programming: if you lost your thread of thought, it took ages to get it back, and sometimes you'd lost a good idea for ever.
A recent article in Forbes magazine brought this all flooding back, as it described how you could measure interruptions. The quoted studies showed each time flow state is disrupted it takes fifteen minutes to get back into it, and that programmers who work in the top quartile of proper (ie uninterrupted) work environments are several times more productive than those who don’t.
To measure the Flow State Percentage, you need to ask workers to track for a few days how many hours each day are they in flow, divided by the number of total hours they’re at the office. And then brainstorm ways the team can move this number up. For example: a sign at each person’s desk that says “Please don't interrupt me, I’m in flow.” Or maybe you have periods where one person fields all calls. Or agree that for half a day, everyone turns off Outlook.
The modern disease of low attention spans is only made worse by smartphones picking up email. So why not just turn it off, and pick up email every 3-4 hours ? You'll feel less pressure, and suddenly you'll have more time to get things done.
Go on, just try it. Turn off your email, I dare you...
Wednesday, 7 December 2011
Motivating management
Money is a hygiene factor: get it wrong, and your employees can never get it off their minds. But once their money's about right, it ceases to be a motivator...so what is ?
Feedback, feedback, feedback, all the time. Tell people when you're pleased, in very specific terms. It's even more important to let them know when things aren't the way you want them. Remember the magic structure of feedback:
- What's working for me right now is...
- What's not working for me right now is....
- What's missing for me right now is...
- Goals: Help them define them with questions: "How will you know the problem's solved ?"
- Reality: "Where are we now ? Who, what, when, how - how can you measure it ?"
- Options: "What choices do you have ? What if constraints were removed ? How will you weight up the options and choose the right thing to do ?"
- Will: "What will you do, and when ? What could stop you ? How exactly will you know when you've succeeded ?"
Monday, 10 October 2011
Today's selling hint
Tuesday, 26 July 2011
How to handle media interviews
Tuesday, 5 July 2011
Seven Personality Traits of Top Salespeople
A recent article in the Harvard Business Review published the results of research into the personality differences between top and average performing salespeople. The top performers had the following personality attributes:.
1. Modesty. Contrary to conventional stereotype of salespeople as pushy and egotistical, 91% of top salespeople had medium to high scores of modesty and humility. Results suggested that ostentatious salespeople who are full of bravado alienate far more customers than they win over.
Selling Style Impact: Team Orientation. As opposed to establishing themselves as the focal point of the purchase decision, top salespeople position the team (presales technical engineers, consulting, and management) that will help them win the account as the centrepiece.
2. Conscientiousness. 85% of top salespeople had high levels of conscientiousness, responsibility and reliability, with a strong sense of duty. They take their jobs very seriously and feel deeply responsible for the results.
Selling Style Impact: Account Control. The worst position for salespeople to be in is to have relinquished account control and to be operating at the direction of the customer, or worse yet, a competitor. Conversely, top salespeople take command of the sales cycle process in order to control their own destiny.
3. Achievement Orientation. 84% of the top performers tested scored very high in achievement orientation. They are fixated on achieving goals and continuously measure their performance in comparison to their goals.
Selling Style Impact: Political Orientation. During sales cycles, top sales, performers seek to understand the politics of customer decision-making. Their goal orientation instinctively drives them to meet with key decision-makers. They focus on the people they are selling to, and how the products they're selling fit into the organization, rather than the functionality of the products themselves.
4. Curiosity. Curiosity can be described as a person's hunger for knowledge and information. 82% of top salespeople scored extremely high curiosity levels. Top salespeople are naturally more curious than their lesser performing counterparts.
Selling Style Impact: Inquisitiveness. They ask customers difficult and uncomfortable questions in order to close gaps in information. Top salespeople want to know if they can win the business, and they want to know the truth as soon as possible.
5. Lack of Gregariousness. Top performers scored 30% lower in gregariousness (preference for being with people and friendliness) than below average performers.
Selling Style Impact: Dominance. The results indicate that overly friendly salespeople are too close to their customers and have difficulty establishing dominance, and their recommendations and advice are not followed.
6. Lack of Discouragement. 90% of successful salespeople were rarely discouraged and only occasionally sad. Less than 10% of top salespeople were classified as having high levels of discouragement and being frequently overwhelmed with sadness.
Selling Style Impact: Competitiveness. Top performers are able to handle emotional disappointments, bounce back from losses, and mentally prepare themselves for the next opportunity to compete.
7. Lack of Self-Consciousness. Over 95% of top performers were not easily embarrassed: they weren’t bashful or inhibited in their behaviours.
Selling Style Impact: Aggressiveness. Top salespeople are comfortable fighting for their cause and are not afraid of rankling customers in the process. They are action-oriented and unafraid to call high in their accounts or courageously cold call new prospects.
Wednesday, 13 April 2011
How to find at least another hour every day
There’s nothing new in the world: Peter Drucker in 1967 recommended that you should “…reserve large blocks of time on your calendar, don’t answer the phone, and return calls in short bursts once or twice a day.”
I recently turned off remote email access on my iPhone. It's as if I have another hour every day. Why ?
- Rather like not missing TV when you're on holiday, you just don't miss your email when it's not available. It means your attention is not fragmented, and you can focus 100% and be fully engaged with the moment.
- Reading email on the phone was pointless: only very rarely did I reply to it remotely, but waited till I was in front of a proper keyboard...so why process messages twice ? And if anyone wants me urgently, then text or phone call is much, much better in all cases.
- And above all this, I found I was becoming hooked on checking it, simply because I could. I am much happier now I've taken back control of my behaviour.
Go on, try it, what's the worst that could happen ? It won't hurt, I promise. You'll have more time, and be happier too. How many pieces of free advice can deliver that so easily ?
