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Greetings!
With the start of school we're hearing warnings about
a possible flu pandemic - again. The warnings about
symptoms and preventing transmission got me
thinking about the symptoms of a sick business - and
the cures.
Curing The Business Flu
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Remedies That Have Been Proven To Work
I'm not a doctor, but I have stayed at a Holiday Inn
Express. OK, I won't try to practice medicine but I can
recognize the symptoms of a sick
business. Here are some of the common
ailments:
Codependent Complaining Do you find
yourself surrounded by people who consistently see
the glass as half empty? Do you feel compelled to join
the chorus? The cure is a simple one, walk
away.
Infectious Employees Similar in nature,
it's employees who don't agree with the mission of the
business and try to get others to join their cause. This
is like a cancer and sometimes the only cure is to
remove it.
Shiny Object Syndrome Sometimes,
what appears to be an opportunity is merely the light
reflecting off a piece of trash on the road. Your time
is better spent coming up with a viable plan and
following that plan. Legitimate opportunities can easily
be
added if they are consistent with the plan.
Paralysis by Analysis A related symptom,
this is a failure to act because you have too many
options or lack 100 percent of the required
information. Use
the 80-20 rule to pick the best 20 percent of the
options and make a decision when you have 80
percent of the available information.
Marketing Myopia Just like antibiotics,
marketing takes time to do its job. While you might
see progress along the way, you need to resist the
urge to pull the plug before you see the full
effect. And, just like drugs, don't use one unless it's
been proven to be effective.
Expensephobia Yes, one way to limit
exposure is to stop spending, but it's like asking a
patient to stop breathing to cure a cough. In business
the only way to get a return on investment is to actually
invest. The question is not whether to spend but
where to invest.
If you have some symptoms
that concern you, give me a call. When treated
promptly, most businesses make a full recovery.
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Focus on Sales
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I'm sure you think about, and analyze, your
competition. Your direct competition is chasing the
same prospects you are for the same reason. Your
indirect competition is siphoning off your prospects'
available funding for a totally different investment. But,
you also have what Curt Clinkinbeard refers to as
your "do nothing" competition. They are the ones
sitting on the sidelines with no compelling reason to
spend money.
If you can figure out why they're
sitting on the sidelines and reach them before your
competition does it might be a "new" market.
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Networking Tips
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Are you suffering from Networking Fatigue?
You've lost your enthusiasm for the whole process
because it isn't yielding the results you expected?
Well,
this can be remedied.
If you are networking
for business, it's not about small talk it's about
developing business relationships. If the people
attending the event don't feel the same way, you're at
the wrong event. Find one where they do. Then, make
it a point to find three people who would like to sit
down with you over coffee to see if there's a way to
help each other grow your businesses. Do this at two
consecutive events and after meeting with those six
people you will be cured.
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