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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)
Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry. |
It's Human Not to Take Personal Responsibility...
I saw this line in a management type book the other day and while I found it interesting, I wasn't quite sure what to do with it so I thought I'd throw it out to you for discussion.
"It's human nature not to take responsibility for one's own shortcomings, so when working with others you've got to try and see the whole picture and not be reactionary."
Ok, but who's going to help us see our own shortcomings? Is it only possible for others to see them? Is it really impossible to look in a mirror and see anything accurately? Is this why we don't recognize our own voices when we hear them and don't like the way we look in photos? And if the answers are yes, how can we trust ourselves and our self assessments or those for our businesses? I really do want to hear you thoughts and until I get them, here are mine. (I hope you'll visit our RealWired! News Blog.) We are awful at seeing ourselves. That's where trusted friends and advisors come in which brings me to what I really want to explore with you...trust.
I believe trust is going to trump everything. I believe it already has, but no one has figured it out yet. As much as I love process and technology, I know that it's completely useless without trustworthy people to implement and use it properly. Not that long ago, there was a time when we didn't trust the technology(ies), but it now seems we trust technology and not people. So in keeping with my "there's always opportunity" philosophy, I see great opportunity for advancement and improvement in business through exploring how to be the one that people trust. Of course this isn't a new idea...far from it, but I do think it's more important than ever. We are bombarded hundreds of times a day with things we need to make judgments about (to trust or not trust) and there are certainly social norms in business that dictate non-trust, particularly in the commercial real estate industry. Heck, comedian's can enjoy long careers on the material about real estate, and it's not just the residential side of the business.
So why do we trust technology more than ever? Because it's becoming more and more reliable and predictable. Can we say the same for ourselves? Do we keep getting better and better, more and more reliable and predictable? In some cases yes, but sadly in most cases it doesn't seem so. Maybe it's because we can't "see" ourselves. I work with companies (or at least try to) that refuse to see their shortcomings and so they have little chance of improving. I try hard to get them to trust that I've got their best interest at the heart of the issue, which in turn is good for both of us. It's a challenge. They've been taught not to trust. They've been taught that others are out only for their own good. But it's possible to change the way business is done. It's possible to prove high integrity. Technology can help, because it's done with processes which we expect have been thoroughly tested, so borrow from that and make sure you follow processes that others will see have been tested.
Trust is one of those things that is earned. There are no "rights or entitlements" associated with it. As a result, there's incredible opportunity to do really well in our businesses if we stand out as trustworthy. So I guess the statement I shared above..."It's human nature not to take responsibility for one's own shortcomings..." is why the demand for trustworthy people and companies is going to trump all else...if only others can really "see" for us, we sure want to trust their vision. |
Sales/Marketing Tip
Letting Go Malum consilium quod mutari potest. It is a bad plan that cannot be changed.
A very new client of mine came to a coaching session with me somewhat upset. It seems that he had recently spent a large sum of money on new brochures. They were four color and really quite attractive. He had bought them just before becoming my student. He was justifiably proud of them. Then he came to one of my classes where I explained that brochures usually end the sales process. When you give someone a brochure you imply that the answers to their questions can be found in the document. You also confer authority on the prospect to read the information and make an intelligent decision about whether or not to buy. You have effectively abdicated your role as the expert. If your expertise can be reduced to print and pictures, what does the prospect need you for? If the prospect can make a rational decision about your product or service just by reading something, then why do you get paid on commission? Salespeople whose main function is delivering information are little more than overqualified couriers. And, worst of all, as soon as your prospect has your literature, he can say, "I'll review it and get back to you". You're dead by your own gun.
My customer now imagined that he had an awful dilemma. He wanted to use the new brochures on which he had worked so hard and spent so much money. Yet he realized that what he had recently learned about the inadvisability of leaving literature was true. This truth was reinforced by a little reflection on his past experiences. Of course he wanted to salvage his investment in marketing materials. Unfortunately, at the rate I suggested that he use them, he now had a ten-year supply of brochures. It hurts to change one's plans. But our hero was, and is, a good student. He was willing to try some new things, to think outside the box. So he left his brochures in his car when he went on sales calls. They were there if he needed them, yet not so handy that he was tempted to hand them out to everyone. Since our conversation he has made several good sales without resorting to leaving literature. His prior selling plan has been scrapped... an expensive lesson. He reaped some nice rewards because he was wise enough to abandon an outdated selling process. I have known others who were less adaptable. They could not bear to change their plans even when all the evidence showed that the plan was no longer yielding results. Like lemmings they rushed to that great sea of business oblivion: sticking with a plan that was doomed to failure. By all means, plan. Stick with what works in your plan and systematically root out techniques and ideas that are no longer efficacious. How can you tell the good from the bad? Here's a hint. You can't differentiate yourself by doing what your competition does or saying what your competition says.
Mark Fitzgerald, Sales Training Institute, Inc., Tampa, Florida provides this column weekly. Mr. Fitzgerald provides both group and customized sales training for professionals and companies. For more information, please contact him by telephone at 813-831-5555 via email at mark@saleskills.com or visit www.saleskills.com. © Copyright Mark Fitzgerald, 2009, All Rights Reserved | |
Hot Deals/Leads
Tween Brands, Inc. trades as The Limited Too and Justice at 900 locations nationwide. The stores, selling apparel, swimwear, sleepwear, sportswear, accessories and footwear for girls aged seven to 14, occupy spaces of 4,100 sq.ft. in community malls and outlet centers. Growth opportunities for the Justice brand are sought throughout the existing market during the coming 18 months. For more information, contact Alan Hochman, Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054; Web site: www.tweenbrands.com
Faconnable operates four locations throughout CA, FL and NY. The stores, offering upscale apparel and accessories for men, women and young boys aged six to 14 years old, occupy spaces of 4,500 sq.ft. in upscale regional malls and street fronts. Plans call for five openings nationwide during 2009, with representation by The Greenberg Group. Preferred cotenants include Burberry, Ferragamo, Saks, Neiman Marcus, Louis Vuittan and Hermes. For more information regarding Faconnable, contact Steven Greenberg, 1200 West Broadway, Hewlett, NY 11557; Web sites: www.thegreenberggroup.com and www.facconable.com
Monro Muffler Brake, Inc. trades as Monro Muffler at 568 locations throughout CT, DE, IN, MA, MD, ME, MI, NC, NH, NJ, NY, OH, PA, RI, SC, VA, VT and WV. The automotive services centers occupy spaces of 4,500 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 15 years. Preferred demographics include a population of 25,000 within three miles earning $40,000 as the average household income. Major competitors include Midas, Tire Kingdom, Goodyear and Bridgestone. For more information, contact Tom Aspenleiter, Monro Muffler Brakes, Inc., 200 Holleder Parkway, Rochester, NY 14615; Web site: www.monro.com
Moran Industries, Inc. trades as Alta Mere, Milex and Mr. Transmission at 190 locations nationwide. The centers, offering automotive repair, services and accessories, occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations and strip centers. Plans call for six openings throughout the existing market during the coming 18 months. Typical leases run five years with three, five-year options. Specific improvements are required. Preferred demographics include a population of 100,000 within three miles earning $50,000 as the average household income. Major competitors include Aamco, Meineke, Midas and All Tune & Lube. A land area of 0.5 acres is required for freestanding locations. For more information, contact Jack Yost, Moran Industries, Inc., 4444 West 147th Street, Midlothian, IL 60445; Web site: www.moranindustries.com
Dutch Bros. Coffee operates 138 locations throughout AZ, CA, CO, ID, OR and WA. The drive-thru coffee shops occupy spaces of 377 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Starbucks. The company is franchising. A land area of 10,000 sq.ft. is required. The company will also consider locating in second generation sites. For more information, contact Brian Maxwell, Dutch Bros. Coffee, PO Box 1929, Grants Pass, OR, 97528; Web site: www.dutchbros.com
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