Strategy: Is Your Goal a Place or a Direction?

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Strategy

Strategy

You started out putting together something that you could call a Business Plan, right? If you had some help, or needed one to present to the bank or some investors, it was probably pretty detailed and held most everything you hoped to accomplish and how you would get there, all in one hefty document.

Then you launched your business, and got down to the day-to-day of keeping things going and growing.
The months and years flew by. Some products and services took off, and others flopped. You made adjustments, and kept at it. You marketed to your select audience the best you knew how, taking advantage of every free or low-cost method you could find so you could keep costs down. Your strategy, such as it was, was “Keep Things Going!” It worked for awhile…

Now it’s been several months or probably years. You’re working like crazy, but the return has slowed. Even if you’re getting new customers, you’re not getting as many return customers. Your products and services have changed a bit (or a lot..), but not much of the other pieces of the business framework has. You’re still not as profitable as you need to be to REALLY be making a living. You keep looking for things you can alter a bit or tweak to squeeze out more, but you’re running out of options.

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THE BEST OF APRIL – Facebook for Business, Reviews, and Where to Spend

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Facebook Post Ideas

Facebook Post Ideas

17 Killer Facebook Post Ideas For Small Business Owners

A lot of the time, you feel lucky just to post something, let alone change things up. This article by Kim Garst will give you 17 ideas to make your posts more interesting, compelling and fun!

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Personas Are NOT the Audience!

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Personas

Personas

I read an exceptional article by Mitch Joel recently entitled The Audience (formerly known as the Audience). In it he writes about how perceptions and standard audience research (that leads to the creation of personas or avatars for marketing purposes…) are actually quite flawed. The challenge to fixing this or working through it, is in the ways they are flawed.

Here’s a scenario:

You are developing a new product for your client base that is aimed at stay-at-home moms. Immediately, a persona of the stay-at-home mom is put together in your mind’s eye…

  • Female
  • early 30s – early 40s
  • Spouse / Partner works out of the home, 9-5.
  • Wears casual / workout clothing for comfort and ease of care (the kids are ALWAYS spilling things…)
  • Drinks a LOT of coffee
  • Perpetually exhausted with too much to do
  • Drives a “family” vehicle (mini-van / SUV) that is full of child-related stuff
  • Gets together with friends regularly (with children) to chat and commiserate.
Do you see this stay-at-home mom persona in your mind’s eye? 

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Reviews: Don’t ignore them! It’s Your Reputation…

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How do YOU manage your reputation?

How do YOU manage your reputation?

I got the chance to speak to a large group of business leaders this week about online reviews and how to work with them. This is an area that continues to be of concern to businesses, and has gained particular focus in the past few weeks with the troubles that United Airlines has had.

First there was the eviction of a couple of young women from an airplane for wearing leggings (read more about this incident here). Without going deep into company policy regarding employee’s and their dependents using the United “pass rider” benefit, it is a bit vague and worth reviewing at the company policy level. The company took serious public relations heat for this.

Even more infamous was the recent incident where a paying passenger was forcibly evicted from a flight, apparently chosen at random, to make room for 4 United employees who needed the seats to get to an assignment elsewhere. The video that was shot by another passenger on the plane shows this person being forced by airport security, in a most physical and brutal way, from his seat and off the plane. To say that United Airlines has taken a HUGE hit to its reputation as a result is an understatement (a 5% stock drop amounting to more than $600,000,000, although by the opening bell the next day it had regained almost all the value, and news outlets and social media piling on them has been very visible). How the company communications progressed in the aftermath didn’t help their public case much either (read more about the “Apologies Timeline” in this New York Times article). United now says that certain policies have been altered and others are under review to keep this from happening again. The changes will need to demonstrable and highly visible before they can begin to rebuild the trust deficit they’ve experienced.

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Which is Key for Your Customers: Innovation or Influence?

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Influencer's Universe

The Influencers’ Universe

Any business follows the well-know track of building awareness -> establishing reputation -> making money. Each of these has its own challenges and opportunities for advance and missteps. Ignoring any of them isn’t an option, and you can’t really hop over any of them either, despite the burning desire to get to the “making money” bit.

I recently read an article by Valeria Maltoni entitled How to Increase an Idea’s Adoption Rate. In it she writes of how a couple of individuals became key influencers in their fields, and how one in particular approached this goal with some preconceptions (that, frankly, mirror a lot of thoughts business owners have when going into business or launching new products and services…) that fell flat.

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Draw the Line from Problem to Strategy and Back

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Problem to Strategy

Problem to Strategy

I wrote an article awhile back called Reaction is Not Solution. In it I wrote about how you can discover a problem and are then presented with a couple of different paths to solve it. Unfortunately, the culture in many businesses is to not even bring a problem to the surface unless you have a solution ready to share. In that article I go over why that’s probably not a great idea.

While it was more about decision-making and problem-solving, I never addressed strategy and planning in that article. Admittedly I am in a different position now as an entrepreneur, and it can seem to others that I can afford the “luxury” of working on mapping strategy and plans to a problem, spending the time needed to research and virtually test possible scenarios before heading in a single direction. I’d like to say that (a) that always happens, (b) it always works, and (c) I always have time to do it. None of those is true. So, the only difference between my current state and that of when I worked in corporate is that now my own business needs drive my discipline to the process, as opposed to the requirements laid on me by my manager. The latter is annoying, but the former will raise the hairs on the back of your head, believe me.

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Best of March – SEO, LinkedIn, and Solving the Right Problem

March, according to the old saying, either comes in like a lion and goes out like a lamb, or vice versa. This month’s collection of top articles is the LION portion of that saying!

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Measuring Social is HARD!

Measuring Social is HARD!

Measuring the impact of digital marketing efforts seems like it should be easier, with all the data that is available. But that’s the problem: so much data to look at, and some of it is not just “apples to oranges”, but “apples to wood screws.” Know what you should be looking at and measuring, given your business’s specific goals and requirements. It can be hard, but not impossible.

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Business Critical: Listen-To-Understand

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Listening-to-understand

Listening-to-understand

I wrote an earlier article called Listening is Visual that was about a trip during my last corporate job to Florida to meet with some technical community leaders there. I had planned to do “the usual”: I had created a PowerPoint presentation that represented the bullet points I would talk to and would help guide the discussion.  However, there was no projector and no real place to project, anyway. So much for the presentation and what seemed like control of the meeting.

What originally looked like a standard meeting became much more valuable! The real listening, the responses, the dialogue that took place was really wonderful and very valuable. I came away with a great understanding of their passions and concerns.

Since that time I have made listen-to-understand my goal in every meeting.

…I cannot emphasize this enough…

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Hire for Nice

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Hire for Nice

Hire for Nice

If the heart of all really valuable business is referrals, then “Hire for Nice” makes sense.  Consider it the foundational policy for any company wishing to survive in the blizzard of noise that is the competition for customers and clients.

I ran across an article this week on NBC News called “One CEO’s Secret to Success: Always Lead with Kindness” that triggered a distinct memory of this for me…

My family moved here a couple of years ago and the search for new services to replace the old began (you know: doctor, grocery store, barber, pizza delivery, pet sitter…). It had been awhile since my last haircut, so I looked up the local spots using Yelp and found Bon Cheveux with good reviews. I called and got an appointment for the next day (this would not happen where I lived before…if you didn’t book at least a few days out, you were out of luck). I arrived a few minutes early and was met by the friendly concierge at the front desk. As a newbie, she asked that I fill out a very short form for customer information. I then sat down with a cold glass of water for about 3 minutes before Tarra came out. I was ushered into the actual salon area and commenced the actual haircut. Since I was new, I had to try a describe what I was looking for, which isn’t easy for me (“Four weeks shorter than it is now” isn’t really much help…). Tarra was very patient and we worked through the process collaboratively, which was good. We also engaged in the usual chit-chat conversation, but it wasn’t forced and was enjoyable, especially when it would lapse for a few minutes into silence…..I’ve been to other barbers who are VERY uncomfortable with silence.

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Rudeness Wrecks Everything

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Rudeness

Rudeness

According to an article recently published in the New York Times, rudeness, even just “slight incivility”, has a negative impact upon those exposed to it. The article concerns a study published by the American Academy of Pediatrics by several co-authors from the Coller School of Management at Tel Aviv University and the Bnai Zion Medical Center.

The objectives of the study were:
  • “Rudeness is routinely experienced by medical teams. We sought to explore the impact of rudeness on medical teams’ performance and test interventions that might mitigate its negative consequences.”
The conclusions were:
  • “Rudeness has robust, deleterious effects on the performance of medical teams. Moreover, exposure to rudeness debilitated the very collaborative mechanisms recognized as essential for patient care and safety. Interventions focusing on teaching medical professionals to implicitly avoid cognitive distraction such as CBM may offer a means to mitigate the adverse consequences of behaviors that, unfortunately, cannot be prevented.”

I also read an article by Valeria Maltoni entitled “Alain de Botton’s Ten Virtues of the Modern Age.Alain de Botton is, among other things, a prolific author and founder of the School of Life. (I highly recommend following these links and finding out more…). The reason this article resonated so much with me as I thought about the rudeness study is the potential solution the Virtues present to the problem of rudeness in our societies.

Unfortunately, our society has begun to prize rudeness over civility. While the most rabid examples can easily be found or recalled from the past election season here in the US, it’s been around for a very long time. We justify it by saying that we’re just “being real”. I have witnessed numerous scenes in corporate meetings and relationships where the cutting remark or put-down was used to discredit someone’s idea, derail a conversation, or redirect a discussion that wasn’t going someone’s way. One of several articles I published reviewed how this can severely impact innovation and communication, making success or even progress highly unlikely.

The study cited earlier showed that the rude remark has a global negative effect on physical performance, cognitive performance, communications and teamwork for a significant time after the comment is made. While this has potentially life-ending effects in health care, was does this imply for business?

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