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Greetings!
As I write this the World Series games have just
started. Each team has proven its abilities and now
the final results will be determined by the players, the
decisions of their
managers, and luck. No matter the skill or intelligence,
sometimes the outcome of the game will be
determined by how the ball bounces.
It's no
different in business. Despite
how well our team performs, outcomes will often be
determined by factors beyond our control. That's why
the players on our team and the resources we provide
are so important. It can't eliminate the risk, but it can
mitigate it's effects.
Enjoy the games.
Start To Finish Thinking
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It's The Person Not The Position
I saw a sign in the deli recently that read: "Hire a
teenager while they still know everything." I began
thinking about our hiring decisions. Many business
owners are confronted by a simple chicken-or-egg
dilemma: should I hire before, or after, I have the sales
to justify the expense? I prefer to look at it differently. If
things proceed according to plan, what kind of person
will you need to hire in order to be successful? Once
you
can visualize the person, you will know when the right
time has arrived.
It's not just about tasks and skills. The success of a
hire will be determined by how well that person
performs over time. One of the ways to analyze a
business is to look at revenue per employee. That can
also be shown as net income per employee. You
should look at a hire in terms of your ROI. What is the
return on your investment of time, money, and
resources?
What makes a successful hire? What I have found is
that an applicant's personality is the key component of
success. Many companies create a job description
based on skills and tasks and fail to determine what
kind of person would best fill that role. I often suggest
to my clients that they begin by deciding what tasks a
new hire can do and then try to describe the type of
person they want to do those tasks. Then, when they
meet candidates, the first question is whether they fit
the description. But, the next question needs to be
whether they will fit within the organization over the
longer term.
This is probably the biggest challenge. The complaint
I hear most often from franchisors is that the
franchisees that are underperforming, and
complaining about their results, are the ones who
refuse to follow the proven system the franchisor
created. The same can hold true for employees.
Sometimes people are too smart for their own good,
they over-think the situation. If I were hiring project
managers for complicated construction projects I
would want problem solvers who could work with
people and think outside the box. But, for a shipping
clerk I want someone who diligently follows
procedures. For a receptionist, a Manager of First
Impressions, I want someone who is always positive,
listens well, and knows how to guide people to the
right person. I can teach skills but I can't change
personalities.
Employment is a marriage of sorts. Over time both
parties will change, grow older and either grow
together or grow apart. In business we have the
opportunity to take emotion out of the courtship and,
based on what we see and hear, bet on the future.
Whether the bet pays is, in large part, now up to
you.
Remember, when the odds are in your favor it's not
really gambling.
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Focus on Sales
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Motive, means, and opportunity. What's the first
word that comes to mind? And what,exactly, does
murder have to do with sales?
Think about it. A prospect needs a motive (need), the
means (money), and an opportunity to do business
with you. Of these, the only one you really control is the
opportunity. The more opportunities there are for your
prospect to connect with you, the more likely it is that
you can, not will, do business.
You usually
can't give a prospect the means to do business, but
you might be able to influence their perception, their
motive.
You've heard that "you can lead the horse to water, but
you
can't make him drink." Maybe not, but you can certainly
make him thirsty!
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Networking Tips
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In the October issue of Entrepreneur magazine
Guy Kawasaki had an article which made a great point
about networking. Good networkers give favors and
return favors, but great networkers ask for favors. He
pointed out that this builds a relationship not based on
guilt, but rather on fair trade. Helping each other builds
a
relationship. Do your part and don't be afraid to ask for
something in return.
The answer to any
reasonable
request should be "Yes".
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$189 for a full day of coaching?
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Because of the success of our October 9 workshop,
we will be offering the full day first
quarter Strategic
Mindset Workshop on November 8 at the same
introductory price of
just $189. Not only does the money-back guarantee
still apply, but the fee includes continental breakfast,
lunch, and a full hour of individual coaching as a
follow-up to help you implement your plans.
Seating is limited to the first 20
people who register, so reserve your seat now by
calling
Dave Ferguson at (847) 968-2468. You will
leave this
workshop with a clearer definition of your goals and a
better understanding of what you need to do to achieve
them or we will refund your money. It's a risk free
opportunity to change your business and change your
life.
Learn More About Our Coaching Programs
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