Wednesday, May 25, 2011

Your Team Sucks!

It is too difficult to develop and retain an effective team! True.

The iconic industrialist Henry Ford said:

“Coming together is a beginning. Keeping together is progress. Working together is success.”

One needs to take a deeper insight the above quote from Henry Ford and try to understand the concept based on an enlightening definition of team I came across was basically an acronym which said ;

T- Together
E- Everyone
A- Achieves
M- More

Perhaps the most important among them all was the importance of people working together in coherence and harmony. In all forms of organizational environment, it is the teamwork which spells the difference between the truly great organizations and those which struggle to survive and remain engaged in “Fire Fighting Process”.

During my 26 year career, I have seen numerous organizations that struggled to build effective teams. And the key reason to me was the “misconceptions in the process of hiring”.

Finding good people is a challenge. If you see most adverts are focused at attitude such but do not target behavior. What I learnt from my experience that behavior is something that can be seen and judged whereas, attitude is hidden and intangible. So if you hire for attitude, I am afraid, your team will suck!

Secondly, most job adverts mention “self-starters” – who can be a self-starter in a new place at a new environment and BOSS? Train and empower – let’s be honest, you are building a TEAM.

Do a bit of hard work while building a team. Move out of typical HR Style and Stay natural.

Talented people are fast learners and fast movers as well. To avoid losing team members, motivation and often a pat on their shoulders is needed. Delete the concept of ‘I’, and induce the concept of working together. This process of inculcating the concept of working together comprises of five simple steps:

• Hiring the right team
• Setting the direction
• Communicating the vision
• Listening and fixing issues
• Motivation and appreciation

Punch line: “Teams are effective only if they pursue the common objectives”

Tuesday, May 24, 2011

My Customer is My King (‘If you do not take care of your customers, someone else will’ – Clark Harley)

How many times did you personally suffer with bad after sales service? If you have, will you go back to the same company, or even recommend your friends that specific product? I guess the answer will be a BIG NO!

I tell my entrepreneur friends and trainees, that your customer is your king! And in most cases your king is neglected once sales are made – After sales people often do not consider themselves as part of sales team and forget that only their services are bringing the customer back and fetching referrals too.

Customers are indeed a pain! They are hard, if not impossible, to please. They endlessly whine about the quality of the company’s service, the price of the product and the complementary features they think they are entitled too. And why should they not? They are burning their hard earned money (or credit card) in buying your product; and every piece sold brings in more revenue in the company.

Technology has done wonders, and one of its wonders is the speed that it can spread the word around with! Twitters, Facebook, Linkedin are making it really difficult for companies to prevent for reputational damages. Customer influence and expectations have never been greater than in today's around the clock web connected world. Comments and opinions, positive and negative spreads at across the Internet and its many channels, communities, blogs, discussion groups and trusted business and social networks with a speed we cannot imagine!

Undoubtedly, today your customers need more attention, quick response and more personalized service – Remember there is competition in the marketplace. And also that most customers do not complaint; they just do not come back! Since a repeat customer reduces the cost of doing business, he is important – companies’ today need to invent new ways to retain customer loyalty lets think how can you keep brining repeat customers? How can you add value to your current customer service?

At times it is as simple as listening to your customer – Yes so simple:

Many companies, brands and campaigns put their reputation at stake only by a lack of listening and prompt responsiveness. Remember, your customer is busy – He would call you only if there is an issues – and your careful listening and reacting can make a significant difference to your brand perception resulting in customer loyalty and retention. Also you can build your brand value by engaging your happy customers through social media network for a viral impact!

There are two quotes I like to share with you:

‘If you do not take care of your customers, someone else will’ – Clark Harley.

“Choose to deliver amazing service to your customers. You'll stand out because they don't get it anywhere else” -Kevin Stirtz

Monday, May 23, 2011

The world is filled with talented poor people - In Business – There is only one way to make money!

Business is good, business is bad – Economy is melting down etc, these are the statements we hear in business conversations, business dinners and in the media.


I have however noticed that vibrant entrepreneurs do not complaint; they follow the simple route of making money – “Increase sales at minimum cost”. Think about it, there are MBA’s who know business tools inside out, but how many work for themselves? Few may be!

People who have created business empires usually have simple education, but great idea – implemented successfully – created massive sales.

I often quote Richard Branson and Anita Roddick who have built businesses from nothing and not only established world class brands, but also proved that doing business is about passion to excel and passion to SELL.

I was reading a comment by Anita in which she explained a “successful entrepreneur”, she says;

“You have to be an outsider, a person who does not go with a mainstream. You have to have a vision, ideas, optimism and a certain degree of craziness”.

Look at Body Shop’s selling technique, “Change what women look like”! Simple isn’t it?

I particularly like Richard Branson’s style. He is informal and adds fun to his initiatives. He has given Virgin this informal style – but if you look closely at his model, its 100% CUSTOMER FOCUSED. He sells what his customer needs. Virgin’s ability to understand customers is remarkable. From selling music to business and first class seats to expensive cruise holidays, there is just one focus – CUSTOMER.

Hence to me as an entrepreneur, your selling skills are more important than creating an excellent product or service.

Think about it:

- How many good writers are not Best Sellers?
- How many scientists are not able to market their excellent innovations?
- Why excellent chefs are not in restaurant business?
- Why many expert beauticians are not running their own beauty salons?
- Why so many business graduates are not in entrepreneurial career?

Your ability to SELL is the only route to making money. But the question is “Are you ready to take a course in effective selling? Remember Selling is an art that needs to be learned – and while basics are usual, dynamics of selling are also changing rapidly.

Page 181 – Rich Dad Poor Dad “The world is filled with talented poor people – Perfecting their skills to build better hamburger rather than the skills of selling and delivering the hamburger”