Entrepreneurship

Sales and Marketing

Special Labor Day Weekend Episode – Dread, The Eyes Of Motivation

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Egg eyes of dread

Success is hard. Failure is harder.

Two things motivate most people who embark on the road to self-employment:

1. A problem for which they’ve not found a suitable solution
2. Dread

This isn’t a hard fast rule. It’s what I’ve observed during my 39 years of business experience.

Pursuing passion is terrific, but in far more cases than not, I’ve seen people whose passion was to avoid some pain. Maybe it was the pain of going to a job they hated. Maybe it was the pain of dreading that they’d be downsized at any moment. Maybe it was the pain of having a problem for which they could find no solution. Or, they couldn’t find a solution that was as good as one they believed they could create.

“I don’t know what I want, but this ain’t it.”

We’re often more driven to avoid pain than we are to capture pleasure, or fulfillment. It makes sense. First things first and all that.

I’ve taken people to the emergency room before and the first course of action – after quickly assessing the problem – is to get the pain under control. Pain management is a primary driver behind health care. It’s also a big driver behind business building…or career building.

Does that seem shallow to you? It shouldn’t be. To live a life where you can limit the amount of dread…that’s a good thing. An honorable thing.

Mentioned in today’s show:

Carol Roth‘s book, The Entrepreneur Equation
Randy Pauch’s Last Lecture
Chick-Fil-A
• We’ve got rich folks in Dallas. Big Rich Texas!
• 1 Tim. 6:10, “For the love of money is a root of all kinds of evil: which some reaching after have been led astray from the faith, and have pierced themselves through with many sorrows.”
• It’s money that matters, but not most. Ask Randy Newman. Or ask him again.
• Money doesn’t care, but people do.
• People. Love. Just 2 things that matter more than money.

Happy Labor Day Weekend!

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Special Episode – Helping Solopreneurs And Small Business Owners In The Art Of Being Remarkable

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My primary objective these days is to help small businesses find and grab bigger waves. Some of my clients are already remarkable, but they’re dissatisfied. They want to be more remarkable. Others are just now trying to fly and struggling to gain some traction. It’s a wide range of people, products, services, revenue levels and business models, but…

they all want something more.

Today’s special episode is centered around one fundamental belief that I hold to be true. It’s counter-intuitive, but I’ve seen it work well in far too many instances. Here it is.

Focus on a group that is small, that you love and that you’re good at serving.

This statement focuses on two ideas that are both very important to your success: WHO and WHAT.

Who will you serve? Who do you want to be? Who do you most love serving? Who do you feel you can serve best?

What small group do you find most attractive? What do you most love about them? What groups do you most want to avoid? What work do you love most? What work do you most dread? What is it you’re good at – good enough to serve this desired group?

“But I’m not world-class,” says the would-be entrepreneur. Forget that. You don’t have to be world-class. Don’t get hung up with all the non-sense you read and hear. And stop wanting to serve the entire world. The world is a poor target market for most of us.

Give me just a piece of your time and attention and let’s see if I can provoke some thoughts to help you move forward. Forward progress doesn’t always happen in quantum leaps. Sometimes it’s the proverbial inch-by-inch progress. Sometimes it is a big leap. Take it as it comes. Take action and keep taking action. Don’t quit.

Thank you for listening,

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Special Episode – Don’t Get Stuck In The Middle

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Finding the path to success is a common pursuit. Even successful people want more. We’re all given to discontentment and dissatisfaction. Distraction may be the deadliest “dis” of all.

“A” in the diagram represents the starting place. Sadly, for too many it also represents complacency or being stuck in the middle. It can be an exciting place from which our future success is born. Or it can be a place of paralysis.

The circle represents goals, targets, achievements, accomplishments. So many different directions. So many different choices. “B” could be 360 different choices represented by the degrees of a circle, but we know there are an infinite number of choices really. That makes it difficult to choose. It’s often easier to avoid making a choice and remain stuck in the middle.

Today’s special episode is intended to provide you with encouragement to develop the zeal and tenacity necessary to get on with it. Today, I want to help you lift your eyes from “A” and make a definite choice. Select “B.” Make it by anywhere you’d like, preferably a direction that suits you best. Choose wisely, but choose. Then, get on with it. Start the trek toward “B.” Do it today. Don’t take your eyes off of “B.” Be precise. Be targeted. Be persistent.

When you reach “B” everything changes. Momentum shifts in your favor. Opportunities present themselves. Learning happens that helps you in new adventures. There’s compelling evidence that merely making up your mind to pursue a precise goal changes everything. No doubt a sniper rifle has greater precision than a shotgun. Live like a sniper rifle.

As the Scottish mountaineer William Hutchinson Murray wrote in 1951 (no, it wasn’t Goethe, Germany’s version of Shakespeare):

“Until one is committed, there is hesitancy, the chance to draw back. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.”

Yes, begin it now. And don’t stop until you’ve reached the outer circle. That’s where you’ll find success, momentum and greater opportunity.

• Grandsons Max and Jake who have now learned to swim. Here’s a video of Max. Here’s the video of little brother, Jake.

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Episode 96 – Time, Distance And Fuel: 3 Components To Successful Business Building

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Life is one big fuel problem. How long will it take to achieve success? How long will I live? Am I smart enough to reach the goal?

These problems indicate how fuel is tethered to time, energy, distance, momentum, tenacity, brain power, wisdom and a host of other variables.

Every successful endeavor contains time, distance and fuel.

A friend is completing law school. It’s taken him a few years of dedication and tenacity. He had an idea how long it would take (time). He had an idea, when he began, how much effort it would take (fuel). It’s likely demanded even more fuel than he suspected, but he predetermined that the burn rate would be worth it. Distance was a component that involved both time and fuel, but it also required some family and work sacrifices, too. Worth it? Sure. That’s why he went in that precise direction.

Many of us have no idea how long success will take. Nor do we know how far we’ll have to go. Or how much fuel it might take. We plan and engineer our course as best we can, but if success was a definite spot then everybody would likely achieve it. Because it’s not so easily seen, or mapped out – it’s hard. Doable, but hard.

Think about what you most want. Take a precise aim. Head in that direction and devote yourself fully to it. Burn your fuel wisely by going in a targeted direction. Keep going until you reach the goal because when you reach the outer circle of achievement everything changes! It’s called “momentum.”

I hope you reach your goal. I’d love to hear how it’s going for you.

P.S. I’ll update you on some things happening with me in the next episode. I ran out of time in today’s show. Sorry.

 

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Salespeople, Never Enter A Prospect’s Office With A Syringe In Your Hand

One of the major problems of selling is a person’s failure to qualify. That is, if the salesperson jumps right into a presentation without knowing anything about the needs of the prospect, then it’s highly likely the prospect will walk away without buying. For good reason. The salesperson failed to find out any meaningful information about the needs or desires of the prospect.

In other cases, the prospect may buy, but then problems erupt because the salesperson didn’t get enough information to make the purchase stick. As the old sales adage goes, “Anybody can sell somebody once!”

When it comes to qualifying a prospect, or failing to do so – maybe anybody can sell something once, but can you keep it sold? I’ve known too many salespeople who could sell something, but their return rate (the number of customers who would demand a refund) was sky-high. That’s not quality salesmanship. It’s poor service.

Quality questions solve some of these issues. By learning to ask better questions salespeople can accomplish three critical things:

a. You demonstrate how much you really care about solving the prospect’s problem.

b. You’re better able to tailor the best solution for their problem.

c. You build rapport and develop a relationship, not just a transaction.

Imagine going to a doctor because you suspect you’ve got a sinus infection. You’re ushered into the examination room. As you wait for a nurse, or the doctor, you’re anxious to get on with it. You want to tell somebody what’s wrong with you so you can get on the road to feeling better. The door opens, in walks a nurse with a syringe. She asks you to roll up your sleeve so she can give you a shot. Would you let her?

Of course not! You’ll look at her like she’d lost her mind, probably thinking to yourself, “She’s got the wrong patient!” Quickly, you’d let her know that you haven’t had the opportunity to tell anybody what’s wrong with you.

Every day sales calls take place just like that. A salesperson walks into a room armed with a syringe – their solution – before they even know what the problems are.

A young man asks a young lady out on a date. At dinner he holds forth telling her all about himself. He talks about his background, what he likes, what he doesn’t like, his favorite sports, music, books. On and on. He rambles incessantly about himself all evening long, never stopping once to ask the young lady about her life. All the while she’s thinking, “Boy, he sure is full of himself.”

Does she go out with him again? Not on your life. She’s happy to have that date behind her. She quickly tells her friends how he didn’t care to find out anything about her. Soon, word spreads throughout her circle that he’s not a guy any self-respecting girl would want to date.

Word will spread about you, too. Enter a prospect’s office and dive right into your sales pitch. No need to find out more about them, or their pain. Your solution is a one-size-fits-all so you’re convinced the prospect needs what you’ve got. Just like the young man is convinced that any young lady would be honored to have him ask her out on a date. Not so much!

Quality questions don’t just improve sales and a buyer’s experience – they can also improve our careers and our businesses. Pre-think good questions that can help you serve others. You’ll craft better questions beforehand then you’ll ever craft on the fly. Besides, not everybody is intuitively given to wise inquisition.

Some years ago I was running a retail operation that sold consumer electronics and high-end major home appliances. Delivery was part of what we did. The warehouse manager was reporting considerable delivery problems. It seems we’d arrive at a client’s home, prepared to make the delivery, only to find out that due to the difficulty of this particular delivery we needed additional men.

I visited with the sales team and asked them a question. “What are you guys asking the customers to find out about the difficulty of making a delivery to their home?”

“We’re asking them if there’s any abnormal about their delivery,” they replied. “Well, a customer might have 185 steps up a 45 degree incline in the front of their house. To them, that’s normal because it’s their house. Besides, who wants to admit that they’re abnormal?” I said.

“Can anybody think of some better question to ask?” I said.

They shrugged and thought for a moment. Nobody came up with a suggestion. And this was a very talented and veteran sales team.

“Do you think it might be more helpful if you asked the customer to describe how we’ll have to make the delivery from our truck to where the product is going to go inside their house?” I asked.

Sure. They all concurred that’d be a pretty good question. But I followed it up with another suggestion. “And as they describe it, listen carefully and ask them to fill in details so our delivery teams can be fully prepared when they arrive at the customer’s home. It’s an inefficiency for us, but worse yet – it’s bad service when we have to make the customer wait as we dispatch a second truck with two more guys who are needed to make the delivery happen.”

Don’t be so quick to think you know what the answer is going to be. Quality questions require an answer. Take the time to carefully hear the answer. Restate it if you must. Make sure you and the prospect clearly understand things alike. Many sales problems can be avoided simply by making sure things are clearly understood. Details do matter. Listen for the answers so you can refine and drill down as finely as you need to in order to solve the prospect’s problems.

If I’m attempting to sell you a piece of software and I ask you what type of computer hardware and operating system you have – I’d better pay attention to the details of your answer if my software has specific requirements. Perhaps my solution requires more disk space than you have. It may require more memory. It may require a more recent operating system than the one installed on your computer. I can’t assume that because Windows 7 is the current OS for PC’s and Snow Leopard is the current OS for Mac (soon to replaced by Lion) that my prospect has either of those. What if they’ve got Windows XP Pro and my solution won’t run very well on that? Problems can be easily avoided by simply finding out. An enormous part of finding out is listening and paying attention to the details of the answers.

Show you care enough to learn more about the person and the problem they’re experiencing. That doesn’t mean the interaction is like an NCIS interrogation room. It simply means like a good friend who is trying to help, or like a doctor who is trying to diagnose, we’re concerned enough to learn more so we can help. Service begins with caring enough to find out how the prospect feels, what they think and what they want or need. Every person respects being asked about their life, their business and their problems. We’re flattered when people take such an interest in us. While I don’t propose you do it as a flattery tactic, I encourage you to show genuine care and concern for your prospects so you can serve them better – so you can help them!

Do not presuppose that you have the answer to their problem. First, find out what their problems are. Never enter a prospect’s office with a syringe in your hand.

 

 

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Learning Is The Key To Your Business Success

Every episode of Hoarders goes pretty much the same way. The hoarder knows they have a problem, but they resist help. Where loved ones and professionals see garbage and filth, the hoarder sees value. They have a hard time parting with worthless, nasty possessions. They just don’t see things as they are. As each episode progresses we witness the pain of the hoarder. The process of helping the hoarder overcome his problem demands learning. Learning is tough stuff. It demands a shift in thinking.

The team of concerned helpers could just descend on the hoarder’s house and clean it up, but the poor person with the disorder wouldn’t learn anything. They’d likely go right back to behaving as they did before. The hoarder won’t make better decisions unless they see the severity of the problem. When they’re able to shift their thinking we can almost see the lights come on for them. That shift helps them see the solution, but more importantly, it helps them embrace the solution instead of fighting against it.

 

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