Grow Your Business

I’ve watched the movie Inception twice and look forward to renting it so I can stop it and make notes to support my theory of what is exactly going on. My friends are watching it multiple times to support their theories as well. This is probably the most discussed movie I can remember since Memento, another Christopher Nolan creation.

The basic premise of the movie is placing an idea into a person’s mind (and have them think it’s their own) in order to get the recipient of the idea to act a certain way.

Good marketing makes this happen. Good customer service can also make this happen. And creating a product as alive as Inception, where people talk about it for weeks, is the ultimate business creation. Let’s break this down.

Good marketing

When a person gets thirsty for a beer, what makes them choose which one they drink? Billions of ad dollars are hoping the decision is predicated on a piece of marketing that is lodged in the person’s brain. The idea is implanted that a particular brand of beer is “your choice” to buy the next time you go to the store. Beer sales are reliant on brand loyalty and a relationship with the customer. Taste tests have shown American beer all pretty much tastes the same, and people can’t identify their favorite beer consistently. This is why the placement of an idea about the brand is so important to repeat sales. You want your brand to be the first the consumer thinks of.

A buyer will purchase a product from the first brand or company that comes to mind 96% of the time. Did they make that choice on their own, or was it a quick access to an idea placed in their minds?

Good marketing, whether it’s from an ad budget of millions of dollars or a post card that stays on the desk of your desired customer, is all about placing a thought in the mind of the buyer that it is their decision (their own idea) to buy your product.

Look at your own marketing approach. How focused is your marketing with the intent of embedding an idea into the minds of your customers? Are your ads cursory, or are they the kind that sticks in the customers minds? Memorable tag lines, messages, and visuals can find a home in those minds you desire to reach.

Ask yourself these questions while reviewing your marketing approach:

How can I send a more consistent message in all of my marketing?

Do my marketing messages live on in the minds of those I am targeting?

What is the idea I want to implant into my customers’ minds about my products and services?

How can I best accomplish that inception?

The rest of the week I will write on how to create Inception Customer Service and Inception Buzz for your business. Remember you want to create ideas that can keep your customers’ minds spinning … like a top.

The NCAA was tired of watching Lew Alcindor beat opponents by dunking the ball over their heads effortlessly, so they outlawed dunking in college basketball. Coach John Wooden talked with a distraught Alcindor and told him to forget what was and focus on what is. He then encouraged him to find a different way to shoot, thus the Sky Hook was created. When Alcindor turned pro where dunking was legal he was doubly equipped to score over opponents with two deadly shots.

We need to focus more on what is and what will be than in what was.

Business owners are still wishing for a return to how things used to be, wishing for the clock to roll back to the good times. Forget what was; let’s deal with winning with what is.

Be in the present

I am asked frequently about what can be done to win in the present times. Here are my tips for finding success in the current economic climate. It all starts with the fundamentals.

Stop comparing

Businesses have a habit of comparing this year with the year before, the best year, the worst year and the same month of the previous year. Forget it. The comparisons are unfair. Why are they unfair? Because they are not comparing equals. New businesses come to town, traffic patterns change, economic shifts happen beyond your control, and buying habits of consumers change. Sadly in good times we loved those comparisons because they improved (frequently beyond our control) and we loved the ride. Today those comparisons beat us down. To borrow from John Wooden once again – forget the winning and the bottom line. Take care of performing the fundamentals with excellence and the winning will take care of itself.

Focus forward

Looking at what used to be isn’t going to get us where we are going when the business world is so different. The rules of engagement have changed when dealing with employees, customers, vendors, and investors. Today’s times require a renewed focus on where you are going and what tools are the best to use to get you there. An Internet presence has never been more important than today, the ability to make changes rapidly has never been as necessary as today, and being able to find the hidden pockets or revenue has never been as important in your business’s lifecycle as right now.

It’s time to navigate where you are going not where you have been.

Hard work and hustle

With the advance of technology greater demand is placed on small businesses to keep up on all fronts; and it seems fronts keep adding on! Not only do you have to be on the front page of a Google search, you need to have a solid presence in social media and have multiple sites, and that is just in the online marketplace.
I hear all the time from small business owners, “How am I going to get everything done?” In this economy where everyone is going after scarce dollars the winners are those who out-hustle and out-work the competition. Many businesses got away from the basics in the good times. Now it’s time to ramp up the effort, energy and commitment.

Try stuff

If you aren’t experimenting, innovating and trying new things on a daily basis your business will constantly be playing catch up. Forget perfection. Forget trying to find a groove. Try stuff and embrace the volatility of change and you will see your victories returning like it used to be.

Consumers, whether individuals or businesses, are overwhelmed with a barrage of information and choices. As a result, they often shut down and avoid the buying process altogether.

Use these questions to apply the information Russell provides to fit your organization:

1. Do we need to pare down our product and service offerings to a more manageable level so we can offer more complete, better-informed suggestions to our potential customers? How do we do that?

2. Once we have reached the decision-making stage, how do we simplify that process so that we don’t sabotage our sale by offering too many options or too much information?

3. How can we distill out marketing message down to the most important thought we want to communicate?

Many organizations are afraid to spend marketing dollars these days claiming no one is buying. Some organizations are “hoping” for growth but not willing to make the effort to grow, or try new things to grow.

Normally, I try to teach the cutting edge and challenge executives to try new things, but today here is a reminder of a tried and true technique that need dusted off, that’s old school, but still works.

Growth strategies are not always new and innovative; sometimes the growth opportunities can be easily accessible and right in front of you. In advising a fellow speaker about growing her business I told her the easiest sale I can make is to one of my audience members. They have heard my information, delivery style and feel a connection. They know me and my approach to growth strategies. When they come up to me afterward and start asking about available dates on my calendar I know it’s mine to lose. Why does this happen? It’s the connection.

The same thing goes for my corporate clients who use me year after year — They know I am good; therefore, it’s easy for me to get to the point of sale. What about your current clients or customers? Do they feel comfortable enough with you to open up and share what’s really going on in their organization?

Get Interested

Every company is experiencing its own unique economic ride these days. How well are you tuned in to the specific journeys of your customers? Do the research, interview key executives of the client, get to know their situation. Trust me, right now people want to talk and tell their story. Whether it is a go-against-the-flow story of having a great year, or telling a tale of woe, people like to be heard. Show interest, listen and do not sell. That’s right don’t sell, just be the friend with the ear. Not only are you gathering information for a later sales call, you are being the friend they need right now. The more they know you, like you and trust you, the more they will want to do a greater amount of business with you.

Of course this is nothing new, but I see few organizations grabbing this opportunity. They are still pressing the sales staff to find new sales, to bring home the big new contract, when the best thing these sales people can do is grab a box of Krispy Kremes and a few coffees and make a call on a good current client and talk about the state of the industry, the economy, and that client’s tale to tell.

Be the friend, and set down the order pad for a couple of visits. Be the ear they want to use to brag, let off some steam or just chat with.

People buy from those they are most comfortable with and we all know it’s easier to sell to a current client than go find a new client. The key is you don’t just want current clients, you want current clients who find you indispensable, and not just because of the products and services you offer, but because you are someone they need.

To get a prospect’s attention you need to grab their attention. To grab their attention in the age of information and overwhelming sales pitches, you need to deliver a Shock and Awe approach they will immediately identify with. Here is how.

Technology is amazing how it can transform tasks and the flow of information. Without technology we wouldn’t be able to operate at the speed with which business moves today. Although technology has transformed our daily tasks, it has not replaced these critical components of success I’ve noticed lacking in the technological world. In fact, technology may even hinder these important pieces of success.

Hustle

Drive

Persistence

The ability to communicate

Interpersonal skills

Focus

Discipline

Commitment

Attitude

Belief in oneself

The next time you want to learn a new app for your technology; consider relearning one of these old apps instead. I believe the more hustle app will help your personal success much more than the TMZ app for your phone.

I’ve heard it called paying your dues, sweat equity, falling on your sword, and doing what it takes to survive. Bottom line it’s a red flag your business model is broken. What am I speaking of? Not paying yourself what you are worth.

I’ve never seen a business fail because the owner was being paid properly, but I’ve seen many businesses fail because the owner was not taking a check home.

If you are not getting properly rewarded for your efforts you will lose interest and energy and there is where the business failure comes from – you start just going through the motions.

You aren’t running your business to be a non-profit or damage your lifestyle. Remember why you started your company to begin with – to get paid what you are worth and improve the quality of your life!

If your business isn’t paying you enough to at least support the lifestyle you had when you started the business, why are you operating your business this way? It’s an important question to ask yourself.

This is not a question about your work ethic, how many hours you are putting in or how much desire you have to succeed. Ever watch a gerbil on a wheel? He has focus, desire and exerts lots of hard work but he never gets anywhere.

When you find yourself in this situation re-evaluate your business model because the red flag is waving indicating something is wrong. There is no joy or reward in being a martyr for your business.

1.  Begin the process at least a year before you want to make the transition.

2.  Recognize that a new set of skills will be a better fit for the future.

3.  Locate the best talent before it becomes a necessity.

4.  Clearly communicate the transition before it takes effect.

5.  When you make the transition, do so graciously by stepping away to let the company transform.

Employees are wondering why they should care when at work. The old saying, “They don’t care what you know until they know if you care” is true even more so in today’s environment. Here are three great ideas managers can use to demonstrate how much they care about the employees. This will help them care about performing for you even more. At PinnacleSolutions.org Russsell J White teaches you how to enhance your profits with no hocus pocus.

Yesterday I was a guest attending a board meeting of an important organization that has more challenges and opportunities than hours in the day. After a presentation to the board by some concerned people the board committees were to report on their activity over the last 60 days.

Not a single committee had anything to report. This coming on the heels of a strategic plan that outlines goals and steps needed to reach those goals. One committee gave the excuse of “We couldn’t coordinate schedules of the (three) participants.” I wanted to holler “Bullsh*t” but I was there as a guest. It was obviously not a priority to them to not be able to find an hour in a six week time period.

We are in a new century, so let’s stop doing things like it’s the last century and use our time for action not words. Board meetings of the new century are about coming together to exchange information about actions that have transpired over the last 60 days, not banter about issues and what if’s.

Make sure your volunteers get a heads up that they are not just volunteering for meetings and free meals.

Set your volunteers expectations of activity beyond the meetings, of passionate involvement in the goals and objectives set, and let them know you are looking for people willing to get things done, not just talk over coffee around a board table. Make sure they know these are board meetings not bored meetings.

Volunteers should be expected to get with the program or get with moving on. This is how you make things happen in the new economy.