August 2015 - Vol 10, Issue 8
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The Long Hot Summer
As I write, it is 104 degrees in Dallas with a heat index of 109. I think I will work indoors today. I hope your summer is going well and that you have had either time to vacation or have been thankful for all the work like me. 

It's busy season in the Business Consulting world. Most of my full-time clients have seen me at least once this summer if not more. I managed to get in a keynote address and two workshops at Almo's E4 event in Baltimore and they've asked me back for upcoming E4 events in Houston and New York. 

What has really been taking up my time is my new website. It's still more than a month away, but I am very excited about it. It will have much more information about what I actually do, client testimonials, and videos that highlight my approach and philosophies not to mention the outcomes my clients enjoy. Plus there's a podcast, new blog, and new newsletter in the works. Stay tuned. 

Webinars are back on after a June hiatus. This month I will take on the dreaded Job Description. Many of you have seen my recent blog post on the topic. It's not that job descriptions aren't needed, I think we are describing the wrong thing.

As you will see below, I have finally managed to finish my first eBook. It's a compilation of new material and some of my best articles from over the years. Overall I reviewed about 200 pieces and 500 pages of material. Don't worry, most of it hit the recycle bin. You will only get to see the best of the best.

I have finally compiled my first eBook on Branding & Strategy for the Audiovisual Industry. It's free if you have a login for AV-Matters.com. I call it Do The Math because that is perhaps my most important and frequent catchphrase! 

The next four installments are in the works. Book 2 will be on Sales & Marketing, Book 3 will be on Growth and Planning, Book 4 will be on Management, and Book 5 will be a compilation of Live Events and Rental & Staging articles. 

Follow this link to download as either a .pdf, .mobi (Kindle), or .epub (iBook). 

The highest compliment an advisor can receive is a referral or endorsement from a client. Much of what I do as a consultant can be challenging for my clients, but when they can start to see the long term benefits, the transformation in their teams, and the growth in profitable business - most will concede that the journey was long overdue. I am grateful to every one of them for allowing me the opportunity to practice my profession and be so closely involved in something as personal as their livelihood and passion. Here's one of those stories:

When owner Steve Wildemann contacted Tom Stimson in June of 2014, he had one major unmet goal for his company: Growth. In spite of numerous efforts at sales and business development, this successful, thirty-year old company had stagnant revenue. The firm enjoyed a great reputation, delivered high-quality work, and was very profitable. Why couldn't it [...]...»

I am proud to be a valuable resource to so many companies and their managers, but please stop asking me to how to define individual jobs. A job description isn't going to fix anything, help anyone's career, or add value to your business. And trust me, your customers sure don't care.OK, I'll take it down [...]...»
 
There was a time when I would have celebrated with you that your best prospect had just sent in an RFP (request for proposal). Now when I hear those fateful words, I shake my head and wonder what went wrong?  By the time the customer has formed an RFP, most of the value in the project [...]...»

Responding to RFPs is transactional; Converting prospects to clients is transformational. Learn how to leverage Marketing, Branding, and Business Development to convert existing prospects into expectant buyers before the customer even defines the project. Getting in front of the RFP not only gives you a competitive advantage, it might eliminate the competition altogether. Download Handout: [...]...»

Thanks for Reading!

Tom

214-553-7077 direct

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Upcoming Webinar
Free Webinar: Friday August 21, 2015 / 2:00 EST / 1:00 CST

Managing Job Descriptions in Progressive Companies

Job Descriptions are part of every thoughtful business, but sometimes cause more problems than they solve. In this webinar we will explore why job descriptions often fail and how better definitions of processes and the appointment of process owners and process managers empower employees, help companies evolve, and deliver better results.

In this webinar we will discuss - amongst other things:
  • Org charts and Titles
  • Process flow and responsibilities
  • Defining processes
  • Creating process owners



FREE Video
Presents
 
Recruiting and Retention
Tom Stimson always tells his clients, "If a good person walks in the door - hire them." Recruiting and retaining great personnel is perhaps the most important job of a manager. All your wonderful processes and best practices are meaningless without the right people. And the right employees will make all the difference in your success.

In this installment of Around the Table with Tom Stimson, our intrepid CEO's talk about their best practices (and worst) when it comes to finding, hiring, and keeping great employees.

"You want the people that are going to be driven to perform. You've got to tell them how exciting your company is, how good your benefits are, how well you will pay them if they perform. Find professionals."  - Rusty Ranney, Live! Technologies

Don't get caught in the "Business as Usual" trap. Make this video a priority now.
 
Click on the image below to access the full video. A free AV-Matters login is required.  

 
bestpracticesBest Practices Blog

Mailbag:

I collect all of your email questions and when I start to receive the same query more than once, it's time to blog it!

Q: My team keeps telling me we need to have a meeting - I hate meetings! I think they are a waste of time. Talking about stuff isn't getting things done, but you are going to tell me that we need these meetings. Why? - Frustrated Owner

A: Let's start with the reasons that many owners and managers find meetings to be unproductive: They don't know how to conduct them in order to get the most out of the time. Meetings need an owner, an agenda, and with the exception of strategic discussions - a concise schedule. Better meetings start when all participants learn their roles, come prepared, and stick to the subject at hand.

The meeting owner's job is to keep the meeting on time, on agenda, and summarize the action items. You don't meet to talk about "stuff"; you meet to share information and make decisions.
That brings me to the second reason many owners eschew meetings - they do not have or don't understand the criteria for making a decision. When teams start pushing for more meetings, it is often an indication that the owner or manager is dodging decisions. That is, the team is asking for decisions and not getting answers.

If you are that owner or manager that feels put upon for decisions, then a meeting is a great way for you to not only define your decision criteria, but request the specific data that will help drive that choice.

Q: Can you describe a good meeting about approving a budget for a marketing promotion?

A: Good example. Let's pretend your marketing team has an idea for a client event - an open house. As the owner, you question the potential value of getting customers to your facility - it's a lot of work and you have low expectations for turnout and new business coming from it. These concerns have to be expressed before the meeting. You have to say, "I have these concerns and if you will address those concerns in the meeting, then I will attend." Period.

The marketing team now needs to set an agenda and come prepared with data, a plan, and the expectation that they may get asked a question that will postpone the decision further. In other words, they need 
anticipate your questions. The marketing team leader should send out an invitation with an agenda and realistic timeline. It might look like this:

Discussion of Open House Proposal
  • Needs analysis - 5 min
  • Target audience - 5 min
  • Program - 10 min
  • Expected results - 5 min
  • Follow-up plan - 5 min
  • Budget considerations - 10 min
  • Questions - 15 min
  • Action Items or Next Steps - 5 min
So you receive this agenda for a 60 minute meeting. Ugh! I would not want to attend either. Your reply might be - "Send the needs analysis, program, expected results, follow-up plan, and budget to all invitees in advance. Everyone can email their questions. If we still need a meeting, it can be a very short one."

Q: You often stress the importance of good data. I don't think we have good data in our company. How do you know if it's good or not?

A: That's an important question. I would like to think that good data is self-evident, but I guess not. Let's explore why you might not trust your data first. Is the source inaccurate? Is the provider untrustworthy? Is there a hidden agenda? Is other data being omitted? Is the sample too small? All of the above?
I approach data with the intent of triangulating data points in order to reduce my inherent mistrust. That is, I need to find the same or similar result or corroborating evidence from at least two other sources. If my operations manager says he needs two additional FTEs because overtime is up, I might ask to see data on overtime hours, total hours, total cost of labor and compare that to business volume. Even if the data shows that two new FTE's would reduce overall costs, that doesn't mean that new hires is the best solution. Are there processes that need to be reworked or entitlements that should be addressed? Do we need updated software or infrastructure? Is the problem really floor space or perhaps, planning?

I think the fundamental problem with data for most managers is that they don't have enough. One data trend is not enough to drive good decisions. Find additional data points to support your theory or develop even better insights.

If you have questions, please email Tom. You will get a personal reply!

Tom Stimson MBA, CTS helps owners and management teams rediscover the fun and profit that comes from making better decisions about smarter goals. He is an expert on project-based selling and a thought leader for innovative business processes. Since 2006, Tom has successfully advised over two hundred companies and organizations on business strategy, process, marketing, and sales. 
Closing Thoughts

Here's a few scribbles from the margins:

Intelligence is the ability to reconcile conflicting truths.
- Tom Stimson


Who's Tom Anyway?
About Thomas R. Stimson, MBA, CTS

Tom Stimson helps small business owners and management rediscover the fun and profit that comes from making better decisions about smarter goals. Tom's clients learn how to move past the bad math and stagnant thinking that overcome so many entrepreneurs. 

"My clients often struggle with day to day issues, which hinder their ability to focus on strategic goals or even try new ideas. Together, we will learn how to set aside the noisy distractions of past decisions and make stronger, more strident choices. Before we are through, you will learn to love your business again." -Tom 

For more information visit the website.