The Growth Coach

Views From The Growth Coach

 

June, 2010

Greetings!  

If you were challenged by a disastrous event, how would you respond? The BP disaster is showing us what to do, what not to do, and how to plan for a disaster. The question is, what should you plan for?
You Can't Know What You Don't Know You Don't Know.                     
 
That's not a typo. Read it over a few times. It's completely logical and, when you think about it, obvious. Then why don't people accept it as fact?
 
You might remember a discussion in an earlier newsletter of the Conscious Competency model for learning a skill. At first, someone is both Unconscious of the skill and Incompetent - unable to perform the skill. It is only after a person reaches the stage of being Conscious of their Incompetency that learning can take place.
 
Remember growing up? At 13 you knew everything - and your parents knew nothing. The more years you spent in school the less you realized you actually knew - even though your knowledge was increasing every day.
 
So it is in business. I talk to a lot of people who want to start their own business. They have the goods to sell or the ability to deliver a service, but they are unaware of marketing or accounting or managing people. Most will blunder through what they don't understand, learning from their mistakes. Some will take the time to read or ask questions, but they too will quickly discover that they had no idea how to deal with a given situation.
 
What's a person to do? Be curious, ask questions, absorb information like a sponge. Constantly seek out ideas and advice. Surround yourself with interesting people who know what they are talking about - and don't take themselves too seriously. Always maintain a healthy skepticism. Technology has made it possible to instantly disseminate information but, in many cases, that information is inaccurate or flat-out wrong. When in doubt, read the original source material. Technology has made that easy to find.
 
When you begin to understand what you don't know, you can focus on what you need to learn or finding the people who do know. 
Focus on Sales
 
Do you believe in your product or service? Are you willing to recommend it without reservation? Many of the people I talk to hesitate to make a recommendation based on faulty assumptions. One of the most common assumptions is: "They can't afford it."
 
A photographer friend of mine told me of a family who came to the studio for a family portrait. They arrived in an old beat-up van. When she collected the address information she realized that they lived in a small apartment. Yet, when they talked about the package they wanted it was to be one of the most expensive she offered. She couldn't help but wonder why they would choose to spend what little money they had on a luxury item.
 
What she found out during the session was that the mother had been diagnosed with terminal cancer and the family wanted a way to capture a moment together. They chose the finest thing they could imagine.
 
Customers buy for their own reasons, not yours. Help them to get what they really want.
Networking Tips
Sometimes it costs too much to attend a free event. If you consider transportation cost, what your time is worth, who will be attending the event, and the probability of making a good referral connection, it might just be that such an event is too expensive to attend.
 
When deciding on which events to attend, base the decision on whether those attending are your target market or good referral sources. If they can't can't see the value in paying for admission, will they see the value of your product or service? As is often the case, you get what you pay for.

If you have ideas for future issues or questions on this one, let me know. Who do you know who would enjoy the articles? Use the "Forward to a friend" link below.

Keep learning,


Dave Ferguson
The Growth Coach
In This Issue
What You Can't Know
Focus on Sales
Networking Tips
Quick Links
Dave Ferguson Photo
Revisit Your Strategic Plan
With half the year nearly gone, it's a good time to review your strategic plan to see if you are still on course. If your business needs a new roadmap for this new economy, our workshop on July 8, 2010 is your  best opportunity. Call Dave at (847) 968-2468 or visit the website for more information.
 
Strategic Planning Workshop Information
Forward this issue to a Friend