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Archive for July, 2011

Google+ Worth Knowing About

Thursday, July 28th, 2011

Business owners we talk with are often mixed in their opinion about social media. Some see it as a way to “level the playing field” with their larger competitors as they build their brand. Others, frankly, are simply in unfamiliar turf and have concerns about playing there, and still others see no value and believe it is a waste of time. Well, it’s neither a panacea nor a waste of time. It is a tool, a communication vehicle, another approach to getting the word out about your business and for building relationships.

And there is now a new arrival in the social media space currently occupied by the big four: Facebook, LinkedIn, Twitter and You Tube. And that new arrival is Google+.

In a recent article in the July 25 – July 31, 2011 edition of Bloomberg’s Business News, it looks like Google+ is off to a great start. Bloomberg reports “since the company started distributing invitations to Google+ on June 28, 10 millions users have signed up and visited at least once.”

So what’s the big deal? Google+ has added some interesting features that we feel will appeal to the business user. You can set up what are called circles. And as you invite people to join, you place them in separate circles. You can have circles for: families, friends, people who share the same interests/hobbies, business colleagues, customers/clients. What’s nice about this is that you can communicate differently to different circles. On Facebook a posting is a posting and everyone gets to see it. There are times when you would rather not share your hobby interests with your business connections.

Another interesting feature is what Google calls Hangouts. Hangouts allow multiple people to get together and chat, discuss business, build strategy – and you can have group text chats or you can use live video chats.

Google+ has created an interesting and compelling product. We believe it’s worth looking into.

Copyright 2011 Kubica LaForest Consulting

 

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It’s Never as Easy as You Think

Monday, July 25th, 2011

You’ve heard it before: “We’ve got the strategy set, we know what needs to be done, now the rest is easy.“

We hear it from: business owners who are starting a new initiative, who are starting a business, and who are developing a growth initiative. We hear it a lot.

Yet – strategy is successfully implemented less than 50% of the time. Some believe it is as low as 10% to 30%. And even worse, IT projects are infamous for their low implementation success rate.

And one reason, as described by Richard Rumelt in his recent book Good Strategy Bad Strategy: The Difference and Why It Matters, is that it’s not strategy that’s being developed but Goals. Goals are easy – we want to grow 10% next year. The hard part is finding how to grow by 10%.

Consider this regarding a 10% growth initiative:

  • What do you need to do specifically to grow?
  • And first–Is this in fact the right thing to do?
    • Does it address the barrier to growth as it exists for your company at this moment in the marketplace?
    • Who will do it?
      • And what will they have to forego to support the growth target? In other words, what will not get done by them to support the new goal?
      • Do you know if you have the resources (cash, time, talent) to do it?
      • And what implication does this really have for your company?

Clearly answering these questions is the harder part.

Is it any wonder than that implementing goals (which is often misnamed – implementing strategy) is so difficult?

Our caution and support to you as a business owner or a leader in a business: It is important not to have your employees suffer through attempting to implement a poorly thought out goal.

Developing strategy is a challenge. It takes thoughtfulness and time—the goal is the easy part – figuring out the best way forward is much more challenging. As you develop strategy to move toward your goal, you need to, as a start, address the questions above and to define actions and the consequences of those actions on your business. Your success rate will be much higher.

 

Copyright 2011 Kubica LaForest Consulting

 

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Good Behavior Trumps Being Right

Thursday, July 21st, 2011

In our Blog on Monday we raised the issue that being right can be wrong.

The media focuses on business people (and politicians) who appear to have that insatiable need to be right. So much so that when they “debate” they refuse to let anyone else complete a full sentence. We see this on CNBC, Fox and other news focused shows. And unless you have the ability to decipher the message within the noise, these shows are hardly informative. We also see people with this driven need to be right in our workplace, community and even in some families. And what they do literally, is drive right over or drive right off others in the conversation in order to be right.

Interestingly, it appears that many of these people are successful. The impression is: you of course must be successful to be on CNBC. Or, your boss or even the political superstar in your organization may possess this hubristic need, and they also seem to be successful. So wouldn’t adopting the drive to be right all the time just be nothing more than emulating successful people? No.

Defining success as someone who always needs to be right automatically eliminates the other people; outstanding managers and emerging leaders– some you’ve heard of, some you haven’t – and who, every day, run their organization or deal with their colleagues in a supportive, collaborative and cooperative style.

It’s like a bell curve that in our experience is skewed to the right. If you draw a bell curve and call it a “success distribution curve” and label the left side of the curve “bad behavior” and the right side of the curve “saintly behavior” you will find a small number of people on each side of the curve. What you will find, however, is more people in the middle.

So sure there are people who always need and will go to great efforts to insure they are right. But to generalize that this behavior is the key to success ignores one important point: employees, clients, vendors don’t like people with these behaviors. And unless you can live with not being liked and respected, and you are able to pull off the bad behavior successfully (that is, to be tolerated by those around you – usually due to status or authority), there is a very good chance that you will not succeed.

As you build your career, your department, your company, gaining and using positive influence and repute will result in a much higher probability of being “happily successful” for you and those around you.

Remember, status, position and authority can change. Influence is personal power.

Copyright 2011 Kubica LaForest Consulting

 

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When Being Right is Wrong

Monday, July 18th, 2011

For some inexplicable reason, some people believe they have to be right – all the time.

Now we’re not talking about dialoguing enthusiastically, trading ideas and thoughts ardently, looking at different angles and approaches to a problem. We’re not talking about healthy conflict where opinions are argued vigorously, but when the argument is over, when agreement is reached, everyone moves forward – in the same direction.

What we are talking about is the person (boss, peer, business owner) who has to be right. As if somehow not being right is a defeat greater than Napoleon suffered at Trafalgar.

We all know someone like this. Sometimes they try to be right based on what they believe is superior knowledge, a grasp of statistics, an historical perspective. Sometimes, when they do not have “facts” at their disposal, they turn to: hubris, condescension, verbal intimidation, impatience, and dismissiveness. Anything to win, and win they do, more often than may seem right.

Now here’s the issue: needing to be right all the time is boring. It’s boring for everyone listening – if, in fact, they are still listening.

Bosses, peers, business owners achieve success and growth from gaining and growing their influence. Because at the end of the day, influence is all you really have. And people with an insatiable need to be right come up very short on the influenceometer.

Now you may argue that you know many people who have to be right and who are successful. In this week’s Quick Tips we will discuss the bell curve of behavior and demonstrate why influence is a strong indicator of success.

Copyright 2011 Kubica LaForest Consulting

 

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Complacency Busting: The Right Climate

Thursday, July 14th, 2011

In Monday’s Blog we wrote about the culture of complacency, how it shows in large organizations and that if you are the company (an entrepreneur or microbusiness), it then exemplifies you.

People we talk with are often surprised when we ask them about their culture. They respond by reminding us that they are solo practitioners or a small partnership, and how on earth can they have a culture. They remind us that culture is that soft stuff that big companies have. Big companies certainly do have a culture – in fact all companies/organizations have a culture regardless of their size. And that includes one-person organizations.

Culture is the environment you set for how work gets done. It’s a common language, a common understanding, a common goal. This may be easy to understand for large organizations, so you may be skeptical on how this could possibly relate to you.

To better understand how culture relates to you as a solo or partnerpreneur and why it’s important, take a moment to answer these questions:
• What’s your mission or the purpose of your business?
• What’s your vision?
• What are your values that drive your decisions and behavior on a day-to-day basis?
• Is your purpose in alignment with your passion and capabilities?
• Do you practice what you say? Do you deliver on your word and brand promise?
• And, if we asked your customers, would they concur with your answers?

If you don’t know, or if you haven’t thought about it, we suggest that you take to time to candidly reflect on these questions. The most serious organizations even get outside help with a climate or culture assessment. While you may or be not be pleased with all of the answers, at least you will know where to focus for improvement, as ultimately, we find that culture is a magnet or a deterrent for both staff and customers.

Copyright 2011 Kubica LaForest Consulting

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Avert a Culture of Complacency

Monday, July 11th, 2011

No one will admit they are complacent. They will tell you they are action oriented, a go-getter, and a person who can get things done. Sure, there are people who are exactly like this, who are the very embodiment of the words we just used. But interestingly, few of them actually describe themselves that way, at least in our experience. They just – well – get things done.

A culture of complacency can be easily seen in organizations. They are the organizations who:
• Brand themselves as service oriented yet score poorly in the customer satisfaction
• Hold a plethora of meetings where there is a demand for action yet not much gets done
• Value organizational political skills over competent performance when addressing promotions
• Start many projects, but complete few
• Have more actions items coming out of a strategy meeting than a staff twice the size could complete in a decade
• Talk a very good game, but come up short on measureable performance

They are the organizations that give the impression of action. There’s an old adage that says it well: big hat no cattle.

While few of us can have a meaningful impact on these sclerotic organizations, we can definitely have a meaningful impact on our own business. As an independent, entrepreneur, solopreneur, or as partnerprenuers, you are the culture! How you behave, how you act, how you respond makes up the culture of the your work and represents the company. So how are you doing? Are you getting things done – or talking about them? Are you making the calls – or planning to make the calls? Are you clear on you personal mission, vision and values – or do you think that is only for big companies?

Yes, the economic recovery is sluggish. It is oh so easy to blame the economy, blame the politicians, blame just about anybody. But in reality some businesses (and independents) are doing very well in this economy. Like a small three partner research company that grew revenue over 35% last year, or an information technology consulting company that can’t find enough resources to continue its fast growth, or a local restaurant where it’s difficult to get a reservation – and we’re not just talking about New York City, Chicago, or LA.

How’s your culture doing?

© 2011 Kubica LaForest Consulting

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Exit Planning: One Key Question

Thursday, July 7th, 2011

In Monday’s Blog we discussed a phrase we coin, the “Biology of Exit Planning”: How age is a factor in Exit Planning, yet it is one of the key factors that business owners/partners tend to downplay, ignore or overlook due to sensitivity of the age card. Well, while you can’t change the reality of the age factor—you must plan for it personally in your business exit plan.

In today’s Quick Tips, we ask you to consider one question: Can your business continue if you could no longer run it tomorrow? If the answer is “Yes” – congratulations. If the answer is “No” or “I’m Not Sure”, you owe it to yourself, your family, and your employees to have an answer.

We have seen partnerships that have not given much thought to what happens if one of the partners retires or becomes ill or disabled and can no longer work. We have seen small businesses where the business owner has dozens of employees but no one to run the company if he or she becomes ill. Unfortunately, we see far too many small businesses inadequately prepared to manage an exit created by a biological event. And what happens? They close.

As a small business owner, we encourage you to personally take 30 minutes to seriously ponder this key question. And while you are answering this question – put aside the “it can’t happen to me” statement. Sure it can. It’s happening all around you right now. So, is your business positioned to continue if you could no longer run it tomorrow?

Copyright 2011 Kubica LaForest Consulting

 

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The Biology of Exit Planning

Monday, July 4th, 2011

“Don’t waste my time talking about exit planning, it’s not for me. I may be in my sixties (50’s, 70’s – you pick the number), but I feel great and can do this for at least another five, ten, fifteen years. Have you ever heard this? We have. Have you said it?

For some, discussing exit planning is like admitting failure, giving up, conceding to a thought that’s just too hard to face – aging. We call this the biology of exit planning.

Some older folks (and one of the author’s – Tony – falls into that category) tend to suffer from a detached reality. That is the mind still believes we are in our 30’s, yet the body – well that’s a different story. If we’ve taken care of our health we may feel younger than our chronological age. If we haven’t, we may actually feel much older than our chronological age. And the data show that the latter is more likely.

And why does this matter? It matters because unless we face “what is” with regard to our health we are likely to delay or worse, neglect, preparing a business exit plan. And, of course that’s fine as long as you do not need additional funds to support your retirement, or don’t care if you leave money to your family or prepare for your children to succeed you in your business. But if you do, you will need to face a non-negotiable reality: as we age we will get sick, we are very likely to have at least one chronic illness, and we may no longer be able to function in our business. And unfortunately, these events cannot be rescheduled on our calendar.

Exit planning is about positioning your business for sale, transfer, succession – events than insure the success of your business after you leave it. And there is an added benefit; as you improve your business preparing your exit plan, there is a high likelihood that your business will continue to grow and be strong. So if you continue in it for the next five, ten or fifteen years you are continuing in a successful growing business. Not a bad outcome – actually.

Copyright 2011 Kubica LaForest Consulting

 

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