Archive for ‘Entrepreneurship’

August 9, 2012

Motivation from the Olympics

The Olympics has offered many stories of athletes from all walks of life, all with the singular goal of leaving London with a medal. As different as all the stories are, I noticed yet again that there is one thing that stood out to me. Regardless of whether an athlete is favored to win or not, they all have their naysayers.

If the athlete is favored, there are people who will say that he or she is overrated. If an athlete is not favored, lots of people say that he or she has no chance, so why even bother. So, even athletes who are best in their own countries have to put up with this kind of talk from people who aren’t even athletes. Yet those athletes still go about their business, doing what they came to London to do.

Don’t let any naysayers in your business or personal life sidetrack you. Just go about doing what you’re supposed to be doing. That puts you in the same boat as Olympic athletes!

March 9, 2012

Spring Forward

Come Sunday morning, we’re going to have to set our clocks ahead one hour again, bringing to mind the phrase used when I was a kid, “spring forward.” And that’s the story of all of us trying to make something happen … to spring forward toward our goals. But what if you’re springing for something that’s not in reach?

I hear lots of workshops and seminars talk about having big ambitions and creating big goals. There’s an acronym I’ve heard from several different places, BHAG, for big hairy audacious goal. I don’t think there’s anything wrong with that. Unless you don’t know how to get from where you are to that big hairy goal.

That’s probably the biggest issue. There are plenty of people who can think up the big goal (“I want to become a millionaire, a billionaire, financially independent, well known and famous”, etc.). That only takes imagination. The reason why very few people make it to the big goal, is because most folks can’t connect where they are with where they want to be and develop an action plan. Some do develop the action plan, then never execute it.

That’s why I’ve always said, “Great ideas are abundant. Great execution is rare.” You must execute, and in order to execute, you must know what your steps are to get to your goal.

January 29, 2012

Apologizing the Right Way

Ever run into the situation where you screwed up, and created an issue for a customer? Well, maybe you never have, but others certainly have, including yours truly. What to do? Should you act like it never happened, and hope that time heals and forgets? Or should you bring it out in the open, risking it getting bigger than you want it to?

The answer is, it depends, but it’s somewhere in the middle of those two extremes. In any case, you shouldn’t act like it never happened, because if you caused it, the customer is bound to point that out to you sometime. And if you didn’t take care of it first, he could think you’re trying to cover it up. That customer will start telling other folks, who might have been thinking of becoming your customers, too, until they heard from the unhappy one.

So if you’re in the (unlikely) event where you caused a mess for a customer, here are 3 things to do, in the form of 3 “A’s”.

  1. Acknowledge it. A simple statement will do, like “I realize I misspoke during our last conversation, and didn’t mean to say what I did.”
  2. Apologize for it. Again, keeping it simple, as in “I regret that, and apologize for being out of line.”
  3. Ask what you can do. “I hope I didn’t cause any undue harm. What can I do to rectify this?”

Then just do it, assuming it’s a reasonable request. Make it right, then move on. Don’t pine over what happened, or seek forgiveness. Even the best and most successful people make mistakes. A professional apology quickly delivered can help both of you move on and let time help the healing.

January 12, 2012

Off to a Good Start

I hope the holidays and the ringing in of the New Year were good to you. I also hope you are off to a good start, for what you need to do to start the year. To be sure you’re off and running, look at what you need to do, or were planning to do, and do something. Not sure which of the 3 or 4 things you’re considering to start with? Just pick one — any one.

You could always change course if you need to. Just get rolling. More people miss their goals, not because they take the wrong action, but because they take no action.

As Teddy Roosevelt once said, “In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.”

December 6, 2011

Own Up to Your Mistakes!

No one likes to make mistakes, but as it turns out, you learn more from your mistakes than you do from your successes. Why? They cause more pain, and in general we remember pain a lot longer than we remember pleasure. A mistake also generally causes us to make some kind of change. It should, anyway, because if we don’t change from a mistake, we didn’t learn from it.

According to John Caddell in an article on the99percent.com site (I don’t think this has anything to do with the recent “Occupy” movement), when you make a mistake, one of the most important things to do is to own up to it — take responsibility. Don’t look for others to blame. Look in the mirror and see what you can do to fix it.

Caddell outlines five other things you should do after your mistake: fix it, apologize, reflect/learn, change things, share the knowledge. Remember, if nothing changes after you’ve made a mistake, you didn’t learn anything. If you’re going to make a mistake, you might as well make it worthwhile.

November 30, 2011

Investing In You

In a recent article on CBS Moneywatch by blogger Penelope Trunk, she discusses her secrets of financial success. Her #4 secret: invest in yourself. Trunk writes that she once paid her remaining cash to hire a career coach, when she most needed it. That coach helped her solve major issues that she was grappling with at the time, and allowed her to change things that led to breakthroughs in her career.

And so you, too, should consider well-placed investments in yourself. You don’t necessarily have to hire me as your coach (though if you’re wondering, you can hear more about how I can help you here). Hire somebody — just please don’t ask your mom, dad, neighbor, aunt, uncle, former co-worker, spouse, boyfriend or girlfriend. That is, unless they have the right type of experience to help you with your challenges.

You need someone who can get you to see from different perspectives, so you can see your way to the possible solutions to your problems, and doors to opportunities.

November 16, 2011

The Pitch – Whose Is It?

Like it or not, we all pitch. I don’t mean a baseball, I mean pitching to convince someone of your particular point of view. Whether it’s pitching them to accept your suggestion, buy your product, bring you in for an interview, or extend an offer of a job, at some point you pitch. But whose pitch is it? Yours?

Nope. It’s theirs. The pitch has to make sense to them. It has to make them realize that it’s about them — what they can gain from what you’re pitching. If you want them to offer you a job, they need to know how they benefit from you taking that job. Or, if you want them to buy your product, they need to visualize how your product makes their life easier/better/cheaper/whatever.

They’re thinking in terms of the famous FM radio station that too many people forget: WIIFM, or what’s in it for me. When you think of what’s in it for them, you stand a greater chance of them coming to the conclusion that whatever you’re pitching is right for them.

Even though you’re giving the pitch, it’s all about them. Remember that.

November 9, 2011

Say What You Mean, Mean What You Say

It’s getting to be more and more common, especially with all the “networking” events that go on … people saying things like “Let’s get together sometime”, or “Call me, let’s get together”, or “I’ll call you next week to set a time”, or “Shoot me an email, and we’ll have a cup of coffee”. Then what happens? Nothing. No call, no reply to your voicemail, no response to your email.

So why do these folks say things like that? I think in today’s culture, people subconsciously think those phrases I just mentioned above are another way of saying “Nice meeting you.” Well, if they meant “nice meeting you”, they should say “nice meeting you.”

Don’t fall into this trap. If you meet someone new, and realize that you have no interest in ever seeing this person again, don’t say “Let’s get together sometime.” It doesn’t mean you have to say, “Have a nice life”, either. Just be honest. Something like “Nice talking with you — good luck!” will work just fine.

Say what you mean. And mean what you say.

October 13, 2011

Keep It Simple

Earlier this week, Netflix reversed a decision it made just 3 weeks before, when it said that its traditional DVD-based movie rental service would be spun off into an entity called Qwikster. Customers who were previously renting movies either through streaming or DVD delivery would have to create separate accounts on 2 different websites, Netflix and Qwikster.

What a mess. This was at the same time they announced a price increase, which in any economy, is never met with enthusiasm. But making it more complicated for their customers to do business with them was the real kicker. Separate accounts where there had only been one before? That’s as if I were to order a Value Meal at McDonald’s and then told to go next door to pay for the soda.

Keep things simple, and make it easier for customers to work with you, not harder. You never hear a customer say to a business owner, “It’s too simple to do business with you. I need somebody more confusing.”

September 30, 2011

Never Give Up

Two nights ago, on Wednesday night, was the most amazing night for baseball, possibly in the history of the sport itself. Whether you follow baseball or not, you can’t help but carry some of the inspiration over to your own business or career pursuits.

Late in the night Eastern time, in a span of just a few minutes, two favored teams, the Atlanta Braves and the Boston Red Sox, lost their chance to go to the postseason. Both teams had leads greater than 9 games ahead of the next contender, as recently as 30 days prior. Both teams lost those leads by playing poorly in September, and because of tremendous play by the contenders, the St. Louis Cardinals and the Tampa Bay Rays.

Even more improbably, Tampa Bay played themselves into the playoffs by defeating the New York Yankees, despite being behind 7 to 0 going into the bottom of the 8th inning. They ended up winning 8 to 7 in the 12th inning.

What’s the carryover for you? Never give up. Keep grinding. You might just make it. Everyone counted out the St. Louis and Tampa Bay teams, but they kept grinding away. And while these teams have their own teammates to lean on during hard times, you be sure you do too. Lean on family, close friends, or even a career or business coach.

And be sure to take action, pronto.