We have a strategic plan. It's called doing things.
Herb Kelleher founder and former Chairman and CEO of Southwest Airlines.
We have a strategic plan. It's called doing things.
Herb Kelleher founder and former Chairman and CEO of Southwest Airlines.
Just read the following intro on a company web site:
Do You Need Fresh Business Solutions?
We Think Globally To Deliver Sustainable Contact With Customers.Risk Free Solutions for Managing Your Business With Individual Customer Support.
Strong... Right?
Short...hits the key benefits... speaks to the perceived pain of the market, etc...
One problem. This was the text that came along with a web site template from coolhomepages.com. It just had "Insert Company Name Here" at the end.
When a $36.00 website template has copy that could easily fit your company message, it's time to make changes.
Go read the positioning statement and intro copy you have in your marketing material/web site and what your competitors have.
Even better, cut and paste them all into a word document and read through them really fast. Ask some friends to read through it and tell you if any of them pique their interest (I really recommend this exercise.... doing it vs. thinking about it).
Interesting what you may discover.
While up in Portland Maine not too long ago I had dinner at The Flatbread Company. In addition to truly amazing pizza, I noticed a great sign hanging over the bar:
"Flatbread Company is growing. Are more restaurants bad?
Not if we follow our purpose.
Groups in nature have a purpose...
100 apples in a tree
100 geese flying in formation
1000 fish in a school
10,000 bees in a colony
Our purpose is who we are. It gives us direction and makes the many of us one."
Click here to read their purpose and values.
There are thousands (probably tens/hundreds of thousands) of businesses making many millions a year in profits that have still never heard of twitter, a blog or facebook. Are they all wrong? Have they missed out or is the joke really on us? They go about doing business through personal relationships, by delivering great customer service and it is working for them. They are more successful, by any measure, than most of those spending hours pontificating about how you will lose if you miss out on social media and the latest wave. And yet they are doing business. Not writing about it. Doing it.
They missed out on the last dot com bubble and bust. Maybe they will miss out on the next one. Are we so sure they are wrong?
Ironically, the online world is enthralled with the TV series Mad Men. It provides a captivating window back to when work was social in that old face to face way. Work looked sexy back then because it was. No bicycles in the office, no foosball tables and empires were built without so much as a single tweet. We all like to cheer about how Advertising is broken now. But is it broken because we we are all too busy to be "interrupted" by it? And is that good? Or, just as it always has been, do we tune out bad advertising and, because good ads are so rarely engaging, we move on. I don't remember loving every commercial growing up but I can tell you I remember a truck load more of those jingles than anything I could remember in the past 5-10 years.
I am continually amazed by the number of people on Twitter, the sheer number of blogs that exist and the growth of people (and brands) on Facebook. But I also am amazed by how so many of of us are spending our time. The slaves we have become to our mobile devices and the glow of our screens. It used to be much more simple and, somewhere, simple turned into slow. It's not. Simple works. Always has and always will.
And yet, we strive to make it harder for ourselves. We worry about twitter followers, blog subscribers and getting "Dugg." Does it make us a dime? Really? Does it help us make a dent in the universe?
For a very few, maybe it does and that makes us all chase after that small glimmer of gold. But for most of us it has put our heads in the digital sand. Is it possible that we are so busy managing our "friends" that we are losing the power of real friends. Does anybody pick up the phone anymore?
What would happen if you unplugged back to 2000? Just simple email that you dialed in to check a few times a day and a phone that tethered you to a chair for a while.
Why are we sending emails and direct messages to see when a good time to call might be? When did picking up the phone to quickly resolve an issue become inefficient?
For the person with 368,000 Twitter friends I ask, how lonely do you truly feel?
I love the idea of all of these tools and am amazed at their possibilities. But I wonder how many are truly getting something more positive out of it than the alternative.
Are they actually improving interactions with brands or, as it always has, does your experience with a brand come down to how great or not great the person you had to call when something went wrong was in solving your problem? Layer on as much technology and social media icing as you want, for any brand, YOU are the product! My new iPod may be shiny but, if the Apple Genius is a jerk, then I am not loving the brand. My Audi salesman acted like a jerk when I decided to not lease a new Audi this time. It changed the way I think about Audi in a small but important way. Social media cannot change that fact.
What happens to what it feels like to be part of a business that is doing something truly great if we are spending more time protecting our personal brand? What did business do to all of us that made building your personal brand more important than doing and building something great together?
The echo chamber we are building is getting larger and louder. And look where we are as a nation and a world. More megaphones do not equal a better dialogue.
We are busier than ever before doing more disconnected activities than ever before. Multi-tasking has become a badge of honor. I want to know why.
We walk the streets with our heads down staring into 3 inch screens while the world whisks by doing the same. And yet we are convinced we are more connected to each other than ever before.
Don't get me wrong, what we can do now is nothing short of spectacular. But the ability to generate real wonder and awe is fleeting. We no longer care how an airplane can fly us around the globe. Instead, we grouse about the food or the fact that you cannot check your email at 37,000 feet while moving 580 miles per hour. We rage against a short
Twitter outage when it is a service that we get for free but shrug our shoulders and wait it out quietly when our paid electricity gets knocked out by a storm. When did we become so entitled to that which we don't value enough to even pay for?
I don't have all the answers to these questions but I find myself thinking about them more and more. In between tweets, blog posts and facebook updates.
We all seek to find powerful ways to differentiate our companies. We search for new ways to market, new strategies and the big new idea that will give power to our claim that our business is truly unique.
We may be missing the most important road block...Working off of a pre-determined "Bucket" of the industry you are in.
If you start off by saying you are a consulting firm, a travel agent, an accounting firm or an advertising agency then you are stuck in the constraints of what history has constructed those words mean to people. The road is then more difficult as you try to tell the story of why you are different than all of the rest.
Why not first try to create an entirely new bucket based on the problem you are solving, your purpose or the need you are trying to fill.
Consider this quote from Scott Goodson, chief creative officer of Strawberry Frog, a new breed of (Bucket omitted), talking about what they can do:
"..they are more like political movements for clients and their products"
Even the author of the article (about a new breed of ad agencies) immediately moves to place Mr. Goodson back into a bucket with this statement "Some of what Goodman says is hype - he's an adman, for goodness' sake"
Perhaps it is hype or "marketing speak" but I would rather someone tell me that they are going to turn my business into a political movement than they are going to manage my ad campaign (Better still if they show how their unique thinking will make it happen). Ad agencies conjure up my own ideas about what I can expect and why I should be skeptical. The longer you can keep me from connecting your business to my pre-conceived beliefs the better chance you have of helping me understand how you want to help me vs how I believe you cannot.
If someone is presenting their company to you in a way that is uncomfortable because it does not fit into an easy "frame" that you can relate to, try to live with the discomfort a bit and focus on what they are saying first. You won't solve complex problems in fresh new ways by saying.. "We need to hire an __________."
Think about what you are actually delivering for your customers/clients and focus the description of what you do around that.
My wife is an exceptional school teacher. A few years ago, her 5th grade class wanted to do more than just a bake sale to help the children affected by Hurricane Katrina. Inspired by her reading to them from Kevin Carroll's "Rules of The Red Rubber Ball" they set out to write a book of poems and short stories all about "Hope," its importance and the need to never lose it. Sales of the book were used to raise money for a charity that was helping to rebuild the Gulf Coast.
What impacts me most about the project (Beyond the "inspiring story" part) is the purity of the motive behind it. The students worked for months on their stories, their poems, their drawings and simply the meaning of hope. Nothing to gain. No fame. No glory. Just the pure and sustained inspiration to do something more for those that were in need created their real power of purpose.
I spend a lot of time talking to my clients about the real purpose of their business. Just as I did (and do), each and every one finds it a challenging exercise.
I am talking about a true purpose, one buried below the taglines, marketing fluff and the obvious desire to make money (Although if making lots of money is your true purpose than that is what it is). What I am really looking for is a motive that is, for lack of a better word, pure. What makes you get out of bed each day? Why do you do what you do?
While very few businesses can really claim a truly pure motive, I propose that the closer they can move towards that goal the greater power their purpose, and business, will have.
When you think about the "Why" of what you do, work hard to uncover the motives and purpose behind them. I think you will find that from that truth will come the power to drive your business better than any marketing or advertising campaign you could buy. The specific steps you must take to deliver on that purpose will come into clear view. Real innovation will be sparked there.
If you need inspiration, you may want to begin with Kevin Carroll's book.
During a recent trip to South Africa, for a speaking engagement and a few workshops, I had the pleasure of being interviewed by my friend Mongezi Mtati for his Netweb TV series. As a bonus, how many people get to be interviewed in the "Zombie Room?"
As a business owner, one of the biggest "rushes" comes from landing that great new client/account/customer. However, I have always found that nothing makes business LESS fun to run than the stress and frustration that is caused when we sacrifice price or our purpose to get that new client/account/customer.
When you present your company to a prospect, offer them a great solution and are excited about delivering your passion and purpose nothing kills the opportunity more than the old "We want to work with you but we need to you to lower the price or match your competitors price" discussion. Talk about letting the air out of the balloon! It instantly eliminates the value they place on what you do, treats you like a commodity (the worst insult) and makes the account less valuable in profit and, just as importantly, in how much you will care about them going forward. A bad combination for you, your business and the growth of both (Not good for the new client either but that is a different and larger battle).
Want to avoid it?
1. Set an unbreakable pricing floor and, for growth and balance, a new ceiling: Set a base price floor that YOU WILL NOT GO BELOW. As you get better and better at delivering on your purpose, through persistent marketing and innovation, the value of what you do MUST increase and the average profit you receive from your clients must increase with it. If it does not, then you are simply doing more for less and headed non-stop to commoditization city. By setting a new price floor every quarter or every 6 months you make a definitive statement about the value of your work and protect yourself from taking on business that is simply thankless.
How do you figure out your pricing floor? Write down the average profit (However you measure it - It may be the average profit per unit of what you sell or the total annual profit you receive from the customer) of the last 10 clients you added to your business. Figure out the average profit and set that as your floor. Do not take on a new client at less than that average. Period.
Now that you set a solid floor... Look up! Build confidence by targeting a new profit ceiling by adding 25% to the profit of the most profitable client on the list. What extra value or innovation do you have to create, prove and deliver to get a client at that landmark price? How would you feel about running your business when you landed that client?
2. If people are not willing to buy from you above your pricing floor then you have to look at your story. Reconnect to your truth and then focus on the persistent/consistent marketing and innovation of it.
Keep refining it and proving it but do not sacrifice the price. Every time you give in you send the message that you do not think your product/service is worth what you quoted... If YOU don't, why should your prospect? I totally understand the feeling of not wanting to lose a new piece of business. Really. But adding clients to the business that make it less fun to run and erode your profitability will cause you to lose much more.
Mark out time in your calendar every 90 days to go through this exercise.
New floor. New ceiling. Keep building.
Watch your cash account for the results.
Almost every business I have come across sells in a similar way. Call, meeting, live presentation, written proposal, negotiate and pray.
It's a tedious and painful process
I am certainly guilty of trying to follow the same path. Boy does it suck. If it sucks for one to do, how much must it suck for the person on the receiving end?
If your sales strategy focuses on persistence to grind the prospect into submission...you can't complain when your clients act like a captured populace.
What if every interaction with a prospect was a good experience for both of you? What if you had fun creating and delivering them? What would that look, feel and sound like?
Now....
What would your first meeting be like?
How fascinating a read would your bid response be?
What would your proposal look like?
What kind of live presentation would you give?
I am not talking about what your PR or Marketing company tells you it should look, read or sound like. What would be fun for you to prepare and present?
Do you remember when flying on a big airliner (and with a major airline) was exciting?
Only 10 years ago I was a very loyal United fan. I told everyone how much I enjoyed flying them, my frequent flier points often bumped me to business class and I generally felt that I was part of a club when flying United vs anyone else. Most importantly, I would not fly with anyone else regardless of price (as long as United was flying there). By treating me as a valued guest they created a raving fan.
Oh how times have changed. I now avoid flying United at all costs. My latest attempt to try to use up old miles bought me a first class seat to LA that had me enter the gate across a dirty red mat (Calling it a carpet would be insulting to all carpets), sitting in a seat that was falling apart, a choice of food that was not actually available on the plane and a portable DVD player that had me tangled up in wires across both sides of my seat. Not the experience First Class should be.
Growing up I used to always get dressed up when I would fly. If people stopped to think about what it took to “jump” from New York to Los Angeles perhaps they would realize the remarkable treat it actually is. What if the airlines did a better job reminding you of that story?
Now more than ever, we long for simpler times. Don’t get me wrong, the live TV and wi-fi at 38,000 feet is great, but the romance that delivered such a memorable experience has been lost along the way. An airline that can capture that would set it itself apart. Simple elegance in flight,etc… There are no costs involved here. This is about the culture of an organization. At its most basic, it is about the love of flight.
The old guard airlines have to find a way to deliver that experience and romance again if they want the loyalty and word of mouth that will sustain them through these tough times. A big and fun challenge for an Airline ready to think beyond checked bag fees. The kind of purpose an entire company can rally around.
Entrepreneur coach Dan Sullivan consistently does a great job of distilling self help style philosophies into bite sized, business oriented, nuggets. His latest book, The Laws Of Lifetime Growth is a perfect example.
Law 1 sets the stage: "Always make your future bigger than your past."
2. Always make your learning greater than your experience.
3. Always make your contribution bigger than your reward.
4. Always make your performance greater than your applause.
5. Always make your gratitude greater than your success.
6. Always make your enjoyment greater than your effort.
7. Always make your cooperation greater than your status.
8. Always make your confidence greater than your comfort.
9. Always make your purpose greater than your money.
10. Always make your questions bigger than your answers.
Each law is its own great lesson. The book is a short easy read that is proving to be one of those books you can jump back into when you need a little focus check.
You can buy it from Amazon here.
Your Business Brickyard will reconnect you to the basics that will make your business more fun to run.
Buy the hardcover for yourself or a business owner that could use a boost at Amazon.com or download the complete Book as a PDF for FREE by clicking here.
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