Tag Archives: Business

Learnings from the last couple of years

A long time has gone by since I last wrote here, and a few things in life have changed, so here we are…

We are living in Australia as permanent residents and we are striving to build a solid foundation for ourselves. My business is growing and there are now three of us in the team, and as I continue to drive this business growth I’ve had a few things in the back of my mind, helping with the steering.

I’ll share them below in no particular order. Some are attributed to a couple the people that I read and follow for guidance and inspiration, but not all:

  1. The more genuine your interest in other people, the more people trust you.
  2. The better you are at listening, the more people want to spend time with you.
  3. Be precise in what you say (Jordan Peterson).
  4. Be very careful what you wish for as it will come to you in time.
  5. Remember people’s names if you can and use them.
  6. Let others save face. Don’t drop them off the cliff unless you have no choice.
  7. Be somebody by doing something.
  8. Become an expert and work harder at this than anything else in your life.
  9. Our minds control everything we do.
  10. Our attitudes will always define our results and outcomes in life.
  11. Do things that are hard, often.
  12. Save money and build a stack before making investments.
  13. Think like the seasons (from Jim Rohn) – be ready for them, plant seeds and work hard to grow them.
  14. Stay cool and shut up.
  15. Struggle teaches us who we really are. Accept the struggle that is life.
  16. Improve what you’re not happy with. Obsess on the things you have to improve.
  17. The easy option = bad results.
  18. Honesty is the way to progress.
  19. Get people on payroll doing things they are great at and that you can’t do.
  20. Negativity will bring you down in the end. It repels all things.
  21. Build self confidence through small daily actions done well to then rise above your circumstances and achieve more.
  22. If you think you’re the smartest person in the room, you’re likely to be the opposite.
  23. Massive action taken towards a goal gets results.
  24. Patience, passivity and caution are killers for anyone entrepreneurial.
  25. Find your why. It will drive you through bad times and keep you focused.
  26. Know the way broadly and achieve in many things (Musashi).

 

Making a noise is only half the battle

monkey-on-the-phone

Many businesses have kicked off their social media activity and then struggled to make the impact that everyone keeps telling them they should be. They are sharing pictures of their plush offices or the Friday morning bacon rolls on a very regular basis, also posting the ‘deal of the week’ or the odd bit of industry-specific information here and there, then waiting for the phone to ring with new sales and enquiries from customers and clients.

The reality is that it takes a lot more than this to make the right kind of impact and the work is in not only creating content and shouting loudly about it, but building communities around this content and growing loyalty and trust in those who follow you and your brand.

Think about car alarms. If you’re in a city centre, there is hardly a day goes by when you don’t hear one going off. When was the last time you actually stopped what you were doing and said, “Wow, listen to that car alarm! I’m going to go and find out where it is and see what’s going on”? When they were first developed, the sound of one blasting would often cause a commotion with a crowd gathering around the car to see what the problem was, but after a while, as people got used to the sound and frequency of alarms going off, they began to be ignored.

The noise generated by social media is now starting to work in the same way. Most businesses have their website, Facebook page and Twitter account and a great deal of fuss is made about the content that is created in the early days of their online presence. But as time goes by and the level of contact and engagement with followers on a regular basis dwindles, so do the interest of followers and the impact of the page decreases. That key marketing message you want to share to your followers six months down the line of creating your pages becomes just another car alarm and falls on deaf ears.

Chris Brogan and Julien Smith, whose ideas have shaped the way we interact online as businesses and consumers, wrote ‘The Impact Equation’ back in 2012 and its key premise still holds true today, perhaps even more so – we need to be thinking about a mix of things to make people truly care about what we have to say when communicating with them online. A good idea will get us so far, but add an audience that trusts you and a following that can help spread our ideas and we are much more likely to make the kind of impact that gets results.

Take this idea to your own digital marketing efforts and think about where you are right now. Are you engaging with those who follow you and building their trust in your products and services over and over again? Are you regularly communicating your ideas to your followers or only when you have time? And do you have followers who actually read your content rather than just pass it by in their bulging news feed? If you feel you are hitting the right spot on all of these points with your target audience, well done and keep it going! But if you would like some help in getting better results than you are today, let’s talk about how I can help.

The basics of any business

banana skin

Running a business of any kind is very difficult. Around every corner are potential banana skins and you need to be keeping an eye on everything at all times. Sales, finances, new business development, marketing, the lot. But there are three things that you have to remember at all times:

1 – The purpose of being in business is to make a profit. Nothing else really matters.

2 – Making sales is what business is all about. However good you are at the other elements, if you can’t sell you need to find a way to change that and fast.

3 – Sales is the foundation of any business but cash management keeps you in business. Manage your money in the right way and you’ll never have any problems.

My top business reads

I’ve made list of a number of business books that I’ve read over the years, some of which are commonly-known classics and a few of which I revisit fairly frequently. They are all of great value to me and I can recommend them all for different reasons or purposes. They are listed in no particular order so take a look and let me know what I’m missing from the list as I get a lot of pleasure adding to it.

Tom Peters – The Little Big Things

Tom Peters and Robert Waterman – In Search of Excellence

Daniel Pink – To Sell Is Human

Daniel Pink – Drive

Dale Carnegie – How to Win Friends and Influence People

Gary Vaynerchuk – Crush It

Gary Vaynerchuk – The Thank You Economy

Chris Brogan – Social Media 101

Chris Brogan and Julien Smith – Trust Agents

David Ogilvy – Confessions of an Advertising Man

Stephen Covey – 7 Habits of Highly Effective People

Sun Tzu – The Art of War

Machiavelli – The Prince

Carlos Ruiz – The Voice of Knowledge

Tim Ferris – The 4 Hour Work Week

Fisher et al – Getting to Yes

Steve Gates – The Negotiation Book

Paul Arden – its not how good you are, its how good you want to be

Alan Webber – Rules of Thumb

Daniel Goleman – Social Intelligence

David Ogilvy – The Unpublished David Ogilvy

Chris Guillebeau – The $100 startup

Seth Godin – Free Prize Inside

Seth Godin – Tribes

Seth Godin – The Dip

Stephen Bull – The Mental Game Plan

Edward De Bono – Tactics

Tom Rath – Strengthsfiner 2.0

Michael Bungay Stainer – Do More Great Work

Felix Dennis – How To Make Money

Felix Dennis – How To Get Rich

Philip Delves Broughton – What they teach you at HBS,

Philip Delves Broughton – Life’s A Pitch

Sahara & Bobby Hashemi – Anyone Can Do It

Stephen Pressfield – The Warrior Ethos

Stephen Pressfield – Do the Work

Stephen Pressfield – Gates of Fire

The Mind Gym

Nicholas Christakis and James Fowler – Connected

Twyla Tharp – The Creative Habit

Christian Lander – Stuff White People Like

Mihaly Csikszentmihalyi – Flow

Phil Jackson – Eleven Rings

Steven Levy – In The Plex

Dom Sagolla – 140 Characters

Steve Peters – The Chimp Paradox

Struck and White – The Elements of Style

Stephen King – On Writing

Nicholas Naeem Taleb – Fooled by Randomness

Keith Ferrazzi and Tahl Raz – Never Eat Alone

David Heinemeier and Jason Fried – ReWork

Emma Wimhurst – Boom!

Matthew Syed – Bounce

Shel Israel – Twitterville

Viktor Frankl – Man’s Search For Meaning

Richard Branson – Losing My Virginity

Richard Bolles – What Color is My Parachute 2013

Spencer Johnson – Who Moved My Cheese?

Pursuing growth

image

Making things happen in business and getting ideas off the ground is something that takes courage, effort and a decent level of ability no matter what you are doing. But pursuing and actually achieving growth is another step requiring a few different skills.
I attended a dinner this week where creative agency leaders discussed how to get more business from existing clients as one method and the ideas generated were very interesting. The talk was led by Louisa Pau – built and ran her own creative agency with a partner and sold it a few years back – and her insights were extremely useful.
The first was to create the actual/notional role of Head of Retention – this is a role that anyone can take but be sure that someone fulfills the requirement and delivers the goods in this area. Client visits, listening to their needs and ensuring that the basic question – can we help you in any other areas? – is always asked.
The importance of positive marketing messages and attention to detail in this area came next. Does your own website match those that you produce for your clients? Maybe not in the case of all creative agencies and in the rush to deliver this can often be forgotten – be sure to get it up to scratch.
And finally, construct contracts that consider not only the financial terms but the terms of the overall relationship with your client. Keep these updated regularly and it will keep you front of mind when new projects are on the table.