Tuesday, January 18, 2011

Drifting Away from Success

I was snorkeling about 100 yards off shore in the Caribbean. Having dived before I made a note of where I was in relation to my spot on the beach.

The water was warm, the sun was shining, the ocean was calm and the scenery was remarkable. Taking in the beauty of underwater scenery is a great way to spend a day. My snorkeling buddy was nearby and together we pointed out the cool stuff.

After what seemed like a short time we popped our heads above water and talked about heading back to shore and getting a bite to eat. That's when we noticed that our spot on the beach was gone! We were so "into" what was going on underwater that we failed to keep an eye out for where we really were. We had drifted several hundred yards from our original spot.

*****
Recently I sat down for a one-on-one coaching session with a gentleman who had hired me to help him become more strategic in his career. Those first sessions were very engrossing as we discussed crucial concerns that he had never really focused on previously.

We had a little hiatus over the holidays and then met again after the things settled down a little. He was all excited because someone had given him a motivational book to read for Christmas. He was encouraged to identify ten things he wanted and then to read them aloud every day for several weeks. In this way, he was told, he would keep his goals in front of mind and would get the things he wanted.

Something had changed since we had met last. Just a few months previous he had identified goals and desires that were not materialistic in the slightest. Now his list of pursuits included things like a bigger home, new cars, exotic vacations, and similar luxurious things. The contrast was striking. So I asked him about his previous list of pursuits that did not include any of these new things. "What happened?"

The response was equally striking — a classic deer caught in the headlights moment. It was like he had popped up out of the water and took a look around and realized that he had drifted. He needed to get back to where he wanted to be.

*****
The Growth Coach process emphasizes a 90-day refocusing because we all drift. When the minutae of daily "to-dos" and the tyranny of the urgent take the reins of our business and personal life, the current carries us away from where we really want to be.

The answer is not to let the current decide where we go. The answer is to take charge and make strategic choices. The answer is to take a periodic retreat. Pop your head up out of the water and reassess where you are at and where you want to be. To work ON your business and life instead of getting caught up IN the pull of the current.

It seems so simple that we are tempted to think we can do it on our own. The reality is that we all need someone who can keep us accountable and ask the right questions. Knowing that someone objective is going to be asking you the questions that get pushed aside incentivizes us to pay attention and give ourselves to doing the important things.

When you engage in this kind of coaching process, the results are truly awe-inspiring!

Tuesday, January 4, 2011

Life in the Fast Lane

Doug moves fast.

In the past year he has been promoted three times. With each move there is more responsibility and new challenges. A lot can change in 12 months!

  • Now he goes into work before breakfast with coffee in hand and comes home well after dinner.
  • Lunch breaks are fast and furious. If he takes one at all.
  • Calls to family are "while on the run," stuck in traffic, or walking to and from a destination.
  • Calls about work can occur any time of the day interrupting any activity.
  • The paperwork on his desk gets deeper.
He is being promoted again to oversee a dozen systems. He only knows three of them. Doug will be hiring a team to work under him. 

That's when I got the phone call. 

I anticipated a discussion about time management or priority management. But that was not the question. Wish I had his energy and drive! Doug's question was about how to get ready for this promotion and how to go about learning nine new systems. To top it off, he called while driving to a quick lunch with his wife — I could hear the wind and the open car door "ringing" in the phone. 

In the space between the words I could hear Doug's gears turning and trying to grind out a solution. He wanted to take on the responsibility of his entire team and master the 12 systems himself.

The underlying question was about what it means to lead.
 
*******
No one can play all the positions in a team. Each player must play his position well.
No business leader should do everyone's job.

Leadership is not being the jack-of-all-trades or the hands-on micromanager. 

Identify what needs to be done.
Define what each player is to do.
Find the players with the right skill set to play each part.
Back off and let them do their work.

Lead by casting the vision. 
Lead by defining the boundaries, obligations and responsibilities.
Lead by empowering employee choices.
Hold employees accountable for performance.

*******
Text message at 8:21 a.m. "Thanks for your help yesterday. You sparked a lot of ideas for me. I know what I need to do now. You have helped me look at life a lot differently." 

Maybe we'll get around to time management and priority management next week. Time permitting.

What new responsibilities have you taken on in the past year?





Saturday, January 1, 2011

Strategic Marketing Referral Ladder

Who does not like referrals? 


Our approach to getting more referrals needs to have a clearly understood objective. This diagram helps to give clarity to a strategic marketing referral approach.


The Five-Fold Objective of a Strategic Marketing Strategy are:
1. Turn Prospects into First Time Buyers.
2. Turn First Time Buyers into Repeat Buyers.
3. Turn Repeat Buyers into Members of our unique community.
4. Turn Members into Advocates for our products or services.
5. Turn Advocates into Raving Fans who can't stop talking about our products or services.


Your Raving Fans are those businesses or individuals that generate referrals for your business. Develop a plan that accomplishes the following for your Raving Fans:
1. Decide to contact them on a regular basis (once a month, once every 6 weeks)
2. Add value to your relationship
3. Affirm your relationship
4. Educate them on how to spot a good referral.
5. Decide how to treat all referrals with excellence
6. Show appreciation to your Raving Fan!


Your Advocates are one step away from becoming Raving Fans. Take time to think about what will move them into that new level of professional relationship. The key is two fold: 1. continue to exceed their expectations and 2. make them conscious of ways they can help you (for example, a testimonial, a review, a referral).


Members are loyal to you but are not motivated to advocate for your goods or services. What should your strategy for Members include? Show how you value their loyalty with the following strategies:
1. Listen to their feedback
2. Meet their expectations
3. Take one step beyond their expectations.


These top three rungs of the Strategic Marketing Referral Ladder are the most important and where you should be focusing your energy. Take a few minutes right now and identify who is on each rung. Make some action steps to start an upward movement on your Referral Ladder.
*****
Perhaps you need to schedule some time to break away and give some focused attention to your Referral Ladder. To help expedite your strategic thinking process, contact your Twin Cities Growth Coach serving Minneapolis, St. Paul and surrounding metro communities.