Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, 4 March 2015

10 TIPS FOR MANAGING CREATIVE PEOPLE

Veteran creative directors Evan Fry and Dave Swartz are charged with managing, inspiring, and organizing the creative staff at agency CPB. Here, they outline some of what they’ve learned about getting the best from the people we call "creatives."

When the Harvard Business Review published a post called Seven Rules For Managing Creative People a few months back, the reaction was an almost universal, Oh, please! This was due to the fact that most of the advice in the piece was bizarrely off base ("surround them with semi-boring people." What?), but also because of the patronizing tone and the assumption that "creatives" are a breed of brats demanding a different set of operating instructions.

That said, the topic is a valid one—there is an art to getting the most out of your teams of creative professionals. When the job is to conjure the next brilliant idea out of thin air, against deadline, via a combination of inspiration, hard work, experience, intuition, and confidence, getting the best work out of creative people on a consistent and efficient basis can be tricky business.

Nurturing and managing a workforce of creative professionals requires a certain degree of sensitivity to individual skills. "Creatives are individual people and have unique things that motivate them. So when you respect understand that, that’s a pretty good cocktail," says Evan Fry, executive director of creative development at Crispin Porter + Bogusky.

Fry is speaking from experience. CPB recently installed Fry and creative director Dave Swartz in positions dedicated to inspiring, encouraging, teaching, supporting, and organizing the agency’s creative and design departments.
Seen as an investment in creative talent, the new roles have allowed Swartz—a longtime agency fixture—and Fry—who recently returned to CPB after nearly four years at crowdsourcing agency Victors & Spoils—to focus on helping creative people succeed. As experienced creative leaders, both say the most important element in fostering the talent of others is instinct, or as Fry puts it, "A Spidey sense for creative talent"—but there are a number of distinct things that business leaders can do to set its people up for success.
Here, Fry and Swartz share 10 ideas on how to manage creative talent. While they admit some seem deceptively simple, they say that the mere process of introspection required in understanding what a company needs from its talent—new and veteran—aids in clearing the way to help others.

SET THE BAR.

It’s one of those things that often just happens: Through a series of deadlines, projects, staff turnover, and a lack of constructive navel gazing, a company’s processes and DNA become routine and unspoken. But Fry and Swartz say a useful starting point for any creative company looking to evaluate how to foster its talent is to first look at the overall entity. "Ask questions like, 'what kind of team do we need here; what works well for the individual agency process that we have?' Every agency works differently, so different skill sets or different temperaments work better at different places," says Fry. "This is helpful when building new relationships with new people, but it’s also helpful in pointing out to people who are here that these are the areas you need to foster."

IDENTIFY AND LEVERAGE TRAITS OF INDIVIDUALS.

When undergoing this process at CPB, Fry says that he and Swartz took what can be considered a creative inventory of each person’s skills. The idea? To have an up-to-date understanding of their talent. "We thought, What traits work best at CPB in those roles?" says Fry. "We got really clear about that, maybe for the first time, and put it down on paper. These are the skills and traits people need for certain roles, not just for new roles but for people here as well. If you have an objective assessment of everyone, you can work to optimize those strengths by assembling the right skills and talents for projects. This sounds extremely simple, but in the ad agency world, I’ve seen it’s not always that overt."

CATER TO STRENGTHS.

Knowing the ways in which people produce great work is as important as knowing what specific skill they can add to the team. "Sometimes you just need to empower," says Fry. "Certain creative talent responds really well to having a long leash, and we like to encourage CDs to let this happen with people we’ve identified as having the stuff to do it, no matter what their title may be or their level of experience. Sometimes certain people really respond to healthy competition. You’ll see it will inspire and motivate certain creatives to dominate and crush it, where others don’t respond to competition at all. We encourage whatever suits a person. We’ve seen what trial by fire can do. Some people really respond and then all of a sudden they’re your next leader."

KEEP YOUR HANDS DIRTY.

While Fry and Swartz are tasked with mentoring and managing the agency’s talent, they also get involved in the actual work, be it running a pitch or covering a shoot, when needed. "We will be called in as a creative team so not only do we have our duties running the design department and helping art directors, we’re thrown into a pitch and will run those things and set the tone, and that helps. It’s leading by example," says Swartz. "And it helps when it comes to people respecting what we do. If we have a suggestion, they know it’s because we’re also experiencing the process day to day."

SUGGEST—BUT DON’T NECESSARILY IMPOSE—A PROCESS.

Creative people are often as protective of their process as they are of their ideas. Someone waltzing in with a do-it-like-this mandate is about as welcome as . . . well . . . it’s not usually welcome. Yet individual processes are prone to log-jams that outsiders are better equipped to see. Suggesting process therefore must be done delicately. "There can be some method to the creative madness," says Fry. "In any process, like a pitch, we kind of know the beats. We know there’s a client meeting, when they’ll want to see a strategy, then early work, then finished work. Sometimes helping someone is as simple as putting a calendar up and outlining when certain pieces get done or being clear about when they’ll get feedback on work. It can make it more efficient and make sure the thinking happens at the right times without the worry getting in the way. Some people are more predisposed to organization than others. But sometimes it’s about making little lightbulbs go off."

CREATE HEALTHY CONFUSION.

While structure has its benefits, so does a bit of chaos. Or, as Swartz calls it, healthy confusion. He says that when working with designers, it’s actually more productive to keep them busy with multiple projects at once. "There’s’ always a lot on everyone’s plate and that’s kind of by design because part of the creative process is incubating ideas," Swartz says. "Idea incubation comes from when you read your brief, do a few hours of work, and then you stop. You may hit a wall and then suddenly you’re in a grocery store and you think of something. That’s because your brain works on it over time. So when you’re in a healthy confused state, you get a lot of work done. You learn how to manage it. It’s important to have a lot on your plate—not to burn you out but to give your brain time to focus on something else."

ENCOURAGE SWITCHING OFF TO SWITCH ON.

All that said, burning creative talent out is a legitimate concern. As Fry says, "You can’t switch on unless you have an off position." It may be easier said than done—many agencies, CPB included, have a reputation for tough hours. Fry says he and Swartz are working at being more conscious about keeping weekends a little more free at CPB, and that means getting everyone from account teams to CDs on board. "It takes some work, but organization can help a lot. I keep a calendar when everyone’s on vacation, when meetings are. . . . Being prepared ahead of time is the biggest key. It doesn’t always happen, but we’re taking steps wherever we can to anticipate things and alleviate the pressure so it’s not crushing people all the time."

KEEP THEM PRODUCING.

Creative talent lives to make stuff. When they’re not making things, they get unhappy, prone to relocate, or worse, creatively uninspired. So Fry says it’s important to ensure people are continually putting new work out into the world. "It sounds simple, but it’s about keeping in mind how to keep people in positions to get things done. We focus on getting work into the meeting because beyond that, it’s often out of your control—budgets shift, clients change things, work dies. . . . Ideally the work being sold is spread around. And if it’s not working for a creative talent and a given place, you have to encourage people to keep going for it, and get in a situation where you can be producing. From a leadership standpoint, you have to remember why they’re here so they don’t lose perspective."

MAKE RETENTION A CONSCIOUS CHOICE.

That creatives routinely switch agencies after a couple of years is accepted practice in advertising. But Fry and Swartz believe it doesn’t need to be that way. Swartz, a 25-year CPB veteran, and Fry, who is among the agency’s many "boomerang" employees (those who leave and then come back), say part of their job is to foster an environment that people don’t want to leave. "Everyone’s going to get itchy feet here and there, and anyone who’s doing good work is going to get courted. But keeping your culture healthy is huge. You have to understand it’s not just about money as these people are being courted. It’s always about culture. Culture is what retains talent," says Fry.

KNOW WHEN TO—AND BE ABLE TO—SPEAK THE TOUGH TRUTH.

Fry says the creative management work he and Swartz do is essentially about helping people take charge of their own careers. This can be through encouragement, organization, keen pairing, and sometimes offering really tough advice. Say Fry, "Sometimes saying the hardest thing is the best mentorship you can give, as opposed to letting someone stay in a rut."

Monday, 23 February 2015

CHARACTERISTICS OF ENTREPRENEUR

There are certain characteristics of entrepreneurs : Some entrepreneurs may have some special characteristics according to their capabilities. Here, we are studying the common characteristics :
1.       High goals : The entrepreneurs have very positive desires to achieve high goals. Such high self motivation keeps them strong and confident to face various obstacles and misfortunes. Hence they are successful in setting a prosperous organisation.
2.       Future foresight : The entrepreneurs have good foresight to know about the future market.. development and the external business environment. He can take proper decisions according to the market situations and market changes. This also helps them to take timely actions.
3.       Mental abilities : Mental ability consists of intelligence and creative thinking. To be an entrepreneur a person must be intelligent and have the ability of creative thinking. This ability will help him to take proper decision.
4.       Technical knowledge : An entrepreneur should have sufficient technical knowledge about the products and his plan to produce. Timely change of technology should always be updated to be in pace with the market.
5.       Hard work : A successful entrepreneur will always be ready to work hard. Hard work will always distinguish a successful entrepreneur from an unsuccessful one. At the start of any venture, the entrepreneur has to work tediously, for long hours and independently handle the main areas.
6.       Highly optimistic : An entrepreneur always thinks positive in all the activities. He is always optimistic with the market situations even in failure times. Such positive attitude helps the enterprise to run successfully.
7.       Communication skills : This refers to communicate effectively. It is very important that the sender and receiver of the message are being understood perfectly. An entrepreneur has to communicate to various parties i.e. customers, suppliers, creditors, employees, etc.
8.       Creativity : Creativity is the ability to bring something new into existence. Innovation is the process of doing new things, and creativity is a prerequisite to innovation. An entrepreneur should be creative; because ideas usually evolve through creative process whereby imaginative people bring them into existence, grow them and develop them positively.

Wednesday, 21 January 2015

5 Business Fundamentals

The start of another school year is upon us. As such, nearly 100,000 aspiring MBA’s will be matriculating in the next few weeks to begin a two year program that leads to that golden business passport – an MBA.
A little over 20 years ago, I entered the hallowed halls of the Wharton School to begin my MBA. With now 21 years’ experience post-MBA, I thought that I would share five of the lessons that I learned at business school that proved to be most valuable in the business world.
Next time, I will share some of the business and leadership fundamentals that are equally important in the “real” world, but that are rarely learned at business school.
1.  Finance and Accounting – It’s All About Cash
Cash flow is what matters. This is the fundamental of finance and accounting which constantly gets forgotten or obscured in the day to day business.  At the end of the day, accounting done right is just a way to keep track of whether you have more money in your bank account at the end of the day today than you had at the end of the day yesterday. 
Yes, growth needs to be funded and so projects and business lines can often consume cash for months or even years.  But, that has to end, and the project or business line needs to start generating cash. 
The Enrons, MCI’s, Adelphia’s, Lehman Brothers et al in the world were all quite foreseeable if you looked to see whether they were truly spinning off cash, instead of growing more debt.  None of them really were creating cash flow, even if their accounting statements said so.


2.   Marketing – It’s All About What the Customer Values
Marketing is all about taking off the blinders that your love of your product and / or service has created.  Instead, you need to look at the world through the lens of the customer.  What is the value of your product and service to the customer? 
Yes, your product and service may be the best.  And I mean the BEST.  Further, it may be a product or service that the customer should need and SHOULD truly value.  But, if the customer does not value it, you have lost.  It is quite simple.
Looking at the world through the customer’s eyes has stuck with me ever since my then-rookie marketing professor, Pete Fader, gave us a pricing case in the first few months of school. 
I don’t remember the exact details, only the magnitude.  We were required to price a spare part used in the oil-drilling industry.  Using all the data, the class came up with a variable cost of a few hundred dollars which most of us then doubled to price at about $500 for a healthy 50 – 60% margin.  As Professor Fader worked through the problem from the perspective of the customer, we all quickly realized that this unique part had a value to the customer in the range of $10,000 with the actual price being somewhere near $4,000. 
In this case, the value to the customer was far higher than our internally-focused radar would suggest!
3.   Strategic Planning -  It’s All About Being in the Right Market
This one is easy to say, devilishly tricky to do in practice.  The fundamental of strategic planning is to be in the right market.  That is, to be in a good industry or market niche with growth and healthy profit opportunities.  A good market makes your life a whole lot easier and more profitable. As Warren Buffett said so well:
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
As an example of what not to do, twenty years ago, we had a few fellow grads go into the airline industry.  Guess what?  Within a few years all had left.  As a business to make money and grow and personally advance, the airline industry stunk back then.  And it still stinks today.


4.   Leadership – It’s All About Having the Best Team
As you advance in your career, your capabilities and individual brilliance will only take you so far.  Vastly more important will be your ability to lead and unite a diverse team and drive them to success. As Satchel Paige said:
None of us is as smart as all of us.
The teamwork, team activities and team building that you will do in business school should resonate.  The best answers and the deepest insights come when working with a good and diverse team that includes committed people with a wide background (finance, HR, management, marketing, sales, even the customer) unafraid to share their views and be heard.  Alas, many corporations have forgotten this simple premise.  Their top management group is either a team of clones or too cowered by an over-bearing CEO to ever share their true views.  The net result is often groupthink and abysmal corporate failures.
5. International Business – It’s All About Understanding the Other Person’s Culture
“The world is flat.”  “The end of history.”  “English is the global language.”
Maybe.  But, doing business internationally remains all about understanding your Chinese supplier or your Brazilian consumer or your German joint venture partner.  I think that the comedian Dave Barry summarizes well the blinders and distorted view of many Americans in our increasingly international world.
Americans who travel abroad for the first time are often shocked to discover that, despite all the progress that has been made in the last 30 years, many foreign people still speak in foreign languages.
 So, look around your class and get to know the increasing number of international students.  Besides the advantage of networking, your new friends will challenge you to think more broadly and see the world through their eyes.
Conclusion
Year after year, consultants and thought leaders bring about “new” management ideas or leadership philosophies. Alas, they are often just window dressing or enhancements to ideas that have been around for years. The true business fundamentals that drive business to success, such as I learned at business school and (shameless plug) write about in my book,Build a Better B2B Business, are unchanging.  Study them, learn them, keep them top of mind, and act on them and your business and personal success will be significantly enhanced.

Tuesday, 20 January 2015

5 Reasons Outsourcing IT Can Be Good Business

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Outsourcing is often seen as a taboo topic by aspiring entrepreneurs. On one hand outsourcing is great for reducing overhead, something any smart business leader wants. On the other, it’s consistently cited as one of the most disliked aspects of modern free enterprise. In matters of moving manufacturing from a company’s homeland to another nation for the sole-purpose of shaving some numbers off the end-of-year balance sheet, the subject remains hotly controversial. But for small businesses looking to save big on startup costs and management, outsourcing the IT wing of their enterprise is not only a smart way to rub-out unnecessary expenses, it’s not as wicked a move as they may think.

Here’s five reasons why outsourcing IT is good for entrepreneurs big and small:
  1. Faster: Off-site IT management services chock-full of experience and dedicated infrastructure are going to operate much faster than the typically dinky, greenhorn, and grassroots efforts of self-operating equivalents seen in small businesses. Hitting the ground running is crucial to startup success, and technical snags are one of the leading causes of small enterprise stalls. Investing instead in a remote IT service helps maintain momentum, quickening growth and avoiding sluggish responses to problems.
  2. Cheaper: This element of outsourcing is typically at the forefront of most thoughts on the benefits of the practice. In matters of outsourcing IT specifically, the cost-savings are obvious. No investing in your own tech department, nor employing your own IT workers. The very fact you don’t need the space for servers and work stations may even be enough to reduce your enterprise to a completely virtual existence, forgoing brick-and-mortar costs altogether.
  3. Predictable: The rate of your future growth as a business is, at best, barely predictable and rarely predicted rightly. The demands in which such ups and downs can have on your departments can be daunting, and IT is no exception. Handing off the majority if not all of your IT responsibilities to specialists can allow you to focus on the rapid changes without worrying about altering your infrastructure in the process.
  4. Not All-or-Nothing: Small businesses with much of their existence steeped in the digital world don’t have to hand over the tech duties with ties to executive decision-making over to a third-party. Many off-site IT management services allow companies to pick-and-choose which elements they’d like outsourced. It’s no sweat to opt for managed file transfer software, for example, but maintain a direct connection to web development.
  5. Not as ‘Bad': Outsourcing has a notorious reputation for being destructive to a company’s homeland economy. But in matters of outsourced information technology services, it’s often the case for companies to find cost-effective solutions on native soil. Outsourcing doesn’t always involve taking a job from country A and moving it to country B. Sometimes it’s simply hiring another company, perhaps in another state or county, to handle a workload better alleviated from your small business.
Small businesses and start-ups face tremendous hurdles in the race to success. The energy required to make it there – capital – isn’t limitless. The potential for injury – business snags – will inevitably occur. Conserving the former and reducing risk for the latter is critical, and one of the smarter ways to do this is to outsource IT duties. It allows business leaders to increase productivity, save money, and focus exclusively on the tasks at hand unique to their market or industry. Additionally, outsourcing doesn’t have to be as controversial a technique as one might think.

Wednesday, 14 January 2015

Changing Office Culture


Office jobs are becoming more and more popular in the UK as so much work is now computer based. Today, around 25% of the total British workforce is employed in an office. A friendly and comfortable working environment is important no matter what your job role, and offices are a prime example of this.
The amount of work that gets done in an office can vary hugely depending on many factors, from the provision of office supplies to noise levels and the quality of the furniture. So how can you ensure you have productive and pleasant office surroundings?
A friendly office has repeatedly been voted the most important element of a good workplace. Nobody wants to arrive at work to find hostility and silence awaits them. A friendly atmosphere, where everyone gets along and people are welcoming and approachable, can make all the difference between employees having a good day or a bad day at work.
Company Culture and Office Space
Changing an entrenched office culture is not easy, though – it requires the upper management to make changes, but more importantly, to get the workforce on their side. Without this, the purpose of any changes will be defeated as the workers rebel against something they do not understand or agree with at first glance. Likewise, without the management on board, changes are very hard to apply successfully because organisations are run from the top downwards.
One idea for creating a friendly office environment is to combine employees with different experience levels. Younger team members may provide energy and enthusiasm, while more established workers can provide insight from past experience. This encourages clear communication between different levels and in turn will create a more open and approachable attitude.
Another idea is to create a plant-filled room or garden where workers can spend a set time every week brainstorming with a blank page. This will create a nice physical environment as well as encouraging initiative and forward thinking.
Thirdly, offer flexible schedules and avoid ultra-strict routines that tend to make people feel suffocated. Allow employees to have control over their own destiny, as it’s important they feel trusted. Essentially, operate a culture where everyone is equal, no matter their position within the company.
Sometimes, just changing the physical office environment can provide a much needed change. Can you provide a larger break area, or maybe a relaxing room where employees can just chill out for a little while? It’s also a good idea to avoid private office suites where certain employees could be made to feel inferior to others. Arranging workstations so that everyone is equal can have a huge impact on morale. Also make sure employees have all the supplies they need, from lever arch files to staplers to the correct IT equipment. This will increase productivity and ensure workers don’t feel they are deprived of anything.

Monday, 12 January 2015

6 Simple Steps To Increase The Value Of Your Business

For years, business owners work tirelessly in an effort to build their companies into successful ventures. When the time to sell arrives, the last thing they want to hear is that the value of the business would have been far greater had they followed a few simple steps. To avoid this pitfall and obtain the highest selling price, owners should start the planning process early and follow these simple steps: 

1. Avoid having a few customers account for large concentrations of revenue A smart buyer knows that when a business is purchased, not all of the current customers are retained. Having 2-3 large customers that make up at least 50% of annual sales will concern a potential buyer because losing one or more of those customers will diminish a large portion of their investment. A buyer does not know what owner/customer relationships exist, therefore, it will be hard for them to justify compensating an owner for a large portion of the revenue stream that may disappear. While there are always exceptions, in general, maintaining a diverse customer base is considered less risky, and in turn, more valuable to a buyer. 
2. Change the philosophy from minimizing taxes to maximizing cash flow Many owners operate their business with the premise of minimizing taxes, which may constrict the amount of cash available to the owner. When preparing a company for sale, it is important to focus on maximizing overall cash flow rather than managing the costs to minimize a tax liability. One of the most important components in the valuation of a company is the cash flow available to the owner. The cardinal rule for a buyer when determining the value of a company is: the more cash available for distribution, the more the business is worth.

 3. Differentiate the business/find a niche market The ability to differentiate your business or find a niche market results in opportunities for higher profitability and increased cash flow while diversifying your customer base, all of which increase the value of your business. Additionally, differentiating your business showcases your company’s unique capabilities to a potential purchaser which adds value from their perspective.

 4. Build a competent management team There are different types of buyers who may be interested in your company. Some will be looking to purchase a business for personal employment and want to be involved in the day to day management of the company. A strong management team will help the new owner learn what has made your company successful as they transition themselves into their new role as the owner. The other type of buyer is the passive investor. To this buyer, a purchase is solely for cash flow (investment) purposes and wants nothing to do with the daily operations. A management team capable of operating the business without their involvement is a less risky investment and considered more valuable to the buyer. 

5. Produce credible financial statements Annually producing reliable financial statements makes a big impact on potential buyers. It is important to remember that the value of the company will be less if the buyer doesn’t have faith in the financial information provided. Obtaining reviewed or audited statements is a truer picture of the company’s financial condition making the investment less risky.

 6. Be consistent. Steadily increase sales and profits Although every industry is cyclical, buyers desire companies that have consistent and steady increases in sales and profits from year to year. Additionally, when valuing a company, the most recent few years are generally given the most consideration when predicting future earnings. In other words, if sales and profits have been increasing each year, the most profitable years will be used to determine the value. Planning early and following these few simple steps, will thoroughly prepare you when the time finally arrives to sell your company. For more information about how to increase the value of your business or how to start your succession plan, please contact a Hertzbach professional.

Thursday, 8 January 2015

WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON


Salespeople have a global reputation for being overly persistent... Pesky if you will. Be it an off-shore call centre operator calling during dinner, a Moroccan souk stall-holder shoving cactus silk in your face, or a silver-service waiter suggesting you start with a round of oyster shots. "Sales" is everywhere. But it seems that "pesky" is a perceived by-product of whether or not you end up buying the product/service. The formula seems to be this...
WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
Annoy a Few + Make a Few Happy = Hit Sales Targets!

So WHY do salespeople persist? WHY are they so pesky? Because, more often than not, the formula works. Do you think businesses would continue to fund those "pesky" sales calls that "nobody" buys from, if the exercise weren't profitable? Someone is buying. Many are buying. Persistence works. But apparently not everybody got the memo... Earlier this week, I received a sales phone call from an Australian-based SEO company. This is how it went down...

WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business

















*The salesperson then hung up on me, assuming the conversation was over. The call lasted 24-seconds! And I was actually in the market for SEO! WTF?*

I genuinely don't even know where to start with this. The lack of sales skills bamboozles me, almost as much as the clear lack of sales training that management have supplied to this poor lamb up for slaughter. It's a waste of dollars, and a waste of leads. Think the topic is subjective? Wrong. I was in the market for SEO... She just didn't try.


SO... Aside from EVERYTHING, what needs fixing?
Here's 5 tips...



1.  NEVER HANG-UP ON A PROSPECT
It is not your job to say 'NO' on behalf of your prospect. If you're going to assume anything, assume the sale. (*With the exception of abusive prospects... Hang-up with gusto, my friend!)

2.  LISTEN TO THE FACTS
In the above example, WTF does "We're okay for SEO" mean? Why did the salesperson not respond to this information that the prospect gave, and instead translate this to mean "I will never buy from you."? In actual fact (FACT - I am the one who said this, so I know), "We're okay for SEO" actually meant "I am not pedestrian enough to buy into your sleazy pick-up lines, Miss Salesperson... But I am in the market for SEO, so please try harder." Perhaps she could have responded with:

WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
This not only keeps the conversation flowing and shows that you care about your prospect (even if you don't benefit), it also gives you more information to continue probing / selling. How? Like this...

WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
This shows you understand your prospective client's  concerns, but also invites them to consider how they may be able to benefit. Going straight into an open ended question keeps the conversation going, and in this instance allows you to calculate exactly how much time and money they could save.

3.  TRANSLATE THE FOB-OFF
If you choose to believe a fob-off "objection" from clients (e.g "We're fine for SEO thanks"), you are wasting your time, and simply won't get anywhere. If you continue to buy in to the fob-offs you are served, you will have to go through more and more crap calls like this to get anywhere... How will you hit your target? BE REALISTIC and do not give up until you have unearthed a REAL reason - a REAL objection to overcome. If it's real, you've done your job - fine. Below are some examples of fob-offs, and how to deal with them:
WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
WHEN 'NO' MEANS 'YES' - 6 TIPS TO MAKE YOU A BETTER SALESPERSON - GROW SOME Tips & Tricks Small Business
4. DIG, DIG, DIG!
If somebody says "NO" to you, or gives you a fob-off response, there is ALWAYS a reason. It may not be a good one - it may be "I am scared of salespeople and don't want to be sold" or "I am busting for the toilet, but can't tell you that!" - but there is ALWAYS a reason. Your job is to A) read between the lines to determine whether or not the objection given is actually realistic and B) Dig up the REAL objection... Rookies shy away from objections, but you WANT the REAL reasons why somebody doesn't want to buy, so you can overcome it and CLOSE THE DEAL. So how do you dig? Keep asking questions... Questions that have purpose.
5. NO PERSISTENCE = NO PASSION = IMPERSONALISATION
When a salesperson doesn't persist, it shows lack of passion... Lack of faith in their product/service, and lack of belief that this product/service can solve a problem for their prospect. Furthermore, when a salesperson gives up on a prospect too quickly, it sends the message to the prospect that they are just another number. Sure, persistence can be naggy and annoying, but lack of persistence can strike a salesperson or brand/business off the prospects list forever.SHOW PASSION, B*TCHES!
6. DON'T ASSUME YOU KNOW WHAT THEY WANT
This goes hand-in-hand with digging/probing for objections and client needs. Sometimes prospective clients are just waiting for the salesperson to say the right thing... Sometimes the prospect IS in the market, and they have done a sh*tload of research... They're just waiting for that one little keyword to make their ears stand up. But heck - they're not just going to GIVE you the sale... Are you serious?? It is YOUR job to discover what tickles their fancy. Take me for example... Being a passionista of the sales process, I A) Give good salespeople my ear, B) Feel no obligation to make things easier for a bad salespeople than I would for a good salesperson and C) Like to flesh out the sales call to see where it goes. I allow salespeople to take me on their own path... If they lead me down the wrong way, that's their loss... I'm going to give them donuts. If they're good - if they say all the right things and actually spark my interest, I will consider and take them seriously. That's what I want. That's weird. So what does the next guy/girl want? Don't assume you know... Pay attention & go with it.

Moral of the story?
Persistence in sales is a must! Salespeople must call the bluff of their prospect and dig deeper than the pseudo-objections they are given to truly understand what the prospect needs (or why they aren't buying). So the saying goes,  "Buyers are liars." It's your job to play detective, to see if you really can help your prospective client or not.

Monday, 5 January 2015

How to Unlock Creativity and Think Big

You won’t make money in the desert; the exchange of money isn’t allowed at the annual, weeklong arts festival held in Nevada’s Black Rock Desert. But you will have created something for someone. You will have seen a need and met it. You will have innovated a solution to a problem or decided to spontaneously create a new service or product for yourself and your fellow Burners (that’s what attendees are called).
 

 And that energy, that entrepreneurial spirit, is priceless. It’s what so many management consultants charge top dollar right now to bring to stuffy corporate offices. As a business owner, it may not be feasible to take your entire company out to the desert to get them to start thinking more entrepreneurially. So, what is it that Burning Man has? How can you set the stage so that kind of innovation will grow in your community, business or brain? Whether your goal is to get your creative juices flowing, or to facilitate a more experimental and productive workplace, you need to start by eliminating unnecessary regulations and burdensome structure. At Burning Man, “an entrepreneurial spirit is going to come to the forefront very easily because there aren’t a lot of rules, but there is opportunity,” Whether your goal is to get your creative juices flowing, or to facilitate a more experimental and productive workplace, you need to start by eliminating unnecessary regulations and burdensome structure. At Burning Man, “an entrepreneurial spirit is going to come to the forefront very easily because there aren’t a lot of rules, but there is opportunity,” Part of the entrepreneurial culture at Burning Man, says Dubois, is that there are no repercussions or penalties for failure when you are out in the middle of the desert. “Failure is part of it. I mean, you should be happy you failed because that means you can get it right next time!” While the first iteration of Burning Man was largely about stereotypical “hippie/artist” sorts sleeping in tents on the desert for a week, the last few festivals have been increasingly attended by the Silicon Valley elite in a sort of hedonistic party meets business networking opportunity. Entrepreneurs get funded, co-founders meet and come together and deals are made, all against the backdrop of dust for days and almost-naked revelers. Dubois wishes the Burning Man team had been tracking the businesses that were incubated in its dust-covered-temporary city. “If we had tracked all these businesses that had come out of the inspiration of Burning Man, we would have a really amazing tree to look at,”

Sunday, 4 January 2015

7 Ways to Make the First Day Perfect for New Hires

The first day of any new job can be overwhelming. Trying to navigate a new company, meet everyone in the office and learn the ropes of a new role is a lot for new hires.
First impressions are important. New hires know just how important it is to make a good first impression early in their tenure, but it’s also important for companies to put their best foot forward for their newest team members. The candidate wowed the organization at the interview. Now, it’s time for the organization to wow them with a perfect first day of work.
Here are seven ways to make the first day of work perfect for new hires:

1.  Have everything ready.

  


Companies must be prepared. When a new hire arrives to find no one is expecting them, or their workspace is not ready, they may feel unappreciated and unwelcome. An organization doesn’t need to pull out all the stops, but the new hire should have a workspace prepared with all the relevant tools (computer, phone, etc.) ready to go.

2.  Give an office tour.


On the first day, new hires should be shown the facilities and introduced to co-workers. Nothing is worse than needing to use the bathroom on the first day and not knowing where to go.It may seem like this goes without saying, but a company tour is vital for a new employee’s first day of work, even if your office space is small. More than anything, it helps the new employee feel comfortable with their new surroundings and get to know company culture.

3. On-the-job training.

While it’s obvious that a new hire will be trained, make sure to start that training day one. That way they will feel confident about their role and contribution to the organization. It is fine to start small. Training could include anything from how to use equipment to what is required for specific assignments. In addition, if the company involves clients, be sure to explain who they are and how the employee will be interacting with them.

4. Give them


The one thing new employees don’t want to be on their first day is bored. It will have them questioning why they are there. However, companies shouldn’t overwhelm them with work the first day, either.Giving new hires a few small, manageable tasks (and be sure to provide plenty of details about what they entail) their first day will help them to get their feet wet and see the kind of work they’ll be doing, without feeling overwhelmed. It will also give them a sense of purpose on their first day. Meeting all the other employees and getting to know a new office can be overwhelming, and having a small assignment to focus on can be a nice break.

5. Assign a mentor.


Many new hires may be unsure of the specifics of their tasks or how to get started. It’s virtually guaranteed they will have questions during their first few weeks or months at work. Assigning a specific mentor (rather than leaving it up to chance) can help them to feel more comfortable and confident. Instead of an overwhelming corporation full of strangers, they have one person assigned to help them. Additionally, it can give an up-and-coming manager a chance to stretch their legs.

6. Get paperwork out of the way early.


Paperwork is a necessary part of the onboarding process, and to help new hires be more productive more quickly, organizations should get it out of the way early. Try to keep the process quick and efficient to help avoid making a
new employee spend the entire morning of their first day filling out forms.
Consider using a paperless solution not only to to draw efficiencies, but also to stay green and support the environment. This could be done by providing electronic forms employees could fill out on a company computer, or even have emailed to them before their first day.

7. Ask for feedback.

Once the day is drawing to a close, give the new a hire a chance to give feedback on their day. Ask how everything went and if they have any questions. Is there anything they are worried about? Any concerns they have for the future?
Then see what they require for the next day. Asking for feedback will give new employees a chance to tell their employers what they need for success, making the transition to a new job easier. It will also help you inform your process, making sure you are improving your processes wherever you can.
Starting a new job is never easy. Many new hires feel overwhelmed, but by utilizing these tips organizations can make the first day of work a seamless transition and help new employees feel comfortable and welcome.