Posts Tagged ‘new year’s resolutions’

CEOs of Small to Mid-Sized Businesses – Take a Page out of Belichick’s Playbook

September 22, 2016

Summer is over. Fall is officially here.  While at the end of August and into early September, I yearned for a ‘Little More Summertime” as Jason Aldean sings. But within a short time frame, it feels good to be back full throttle in the ‘regular routine’; the work groove is back!  The Wall Street Journal had a great recent article about how September is the Real New Year. While the article focuses on getting one’s act together personally, the essence of the article applies to us as business owners.  Now is the time to clean out clutter in our businesses, focus, prioritize and plan.  We are in a productive time period and those who act will be better served than those who stay in summer mode too long.

PlaybookSo what does that mean for your business? What resolutions should you be making and committing to?  

Learn from Patriot’s Coach Bill Belichick.  While a man of few words in a post-game press conference (nearly painful to listen to), but his words of wisdom after Game 1’s win with Jimmy G as his starting quarterback were words of wisdom for any CEO/President/Business Owner this time of year:

“That’s the way to come here and get the job done,” Belichick stated. “And I’m telling you, we won the game in the meeting room, on the practice field, and in the walk-throughs. It just didn’t happen today. It happened all through the week. That was a great job.”

Belichick’s Playbook Simply Converts to 3 Key Components:

1) Build a game plan.

2) Implement a game plan.

3) Execute a game plan.

We all know that Bill and his management team have a game plan.  They have a Plan A, B and C. Fortunately for us as Pats fans they do have a plan: when the star quarterback is suspended for 4 games, they have a Plan B. When Jimmy G goes down in the second quarter of last Sunday’s game against Miami, they have a Plan C. Lots of questions this week about a Plan D – do you think they have one? I would bet on it!

So Take The Playbook and Apply it to your business:

  1. Do you have a game plan? If not, you have to kick-off your Fall season right here. We have all heard it: Failing to plan is planning to fail.  Get a plan in place.  Not for the sake of having one, but for the sake of prioritizing, establishing clear alignment and defining resource (human and financial) allocation.  You needed it in place yesterday so make the time NOW to get this done. The plan should include:
    • Goals and priorities for the rest of 2016? You should have a company plan and then each major functional area should have its own plan to support their role in supporting the overall goals. (Think special teams, defense, offense or marketing plan, sales plan, manufacturing plan etc.)
    • Define biggest challenges.
    • Develop a plan to overcome these challenges or workaround them.
    • Define metrics and milestones to measure progress along the way.
  2. How is implementation going? If you already have a plan in place, start here.
    • Is it being effectively implemented? Test yourself – are you sure?
    • Compare your business to the Patriots: pre-season, meeting room preparation. practice fields and walk-throughs. Is your business skipping important steps in the preparation (think sales meetings, think conference/event planning, think product launches, factory shutdowns etc.)  The Patriots leave no stone unturned in their preparation. be thorough. Pay attention to details. Don’t assume the details are covered. Discuss them openly and have contingencies mapped out and practiced – literally.
    • Is your team ready? Are they in shape? Do they know their roles? Do you have talent gaps? Training issues? Injuries (think vacations/sick leave/unfilled positions)
  3. Executing the plan.  If #1 is in place, and #2 is solid, then focus your Fall Resolution on execution.
    • Get your key team together to watch the films (aka review results and performance); what is working? what needs to be tweaked? Where are the weaknesses?
    • Be sure to involve the key people in your organization. Define action plans with clear timeframes to implement and ways to measure the effects of any changes to the plan.
    • Rinse/repeat. Revise and review.

Fall is here.  Personally, many people are back at the gym, committed to losing weight, updating their resume, volunteering for charities, cleaning out closets etc. As a CEO/President/Business Owner, tap into the energy for the benefit of your business to position your company for a productive, focused Fall season (and beyond). There is a certain rejuvenating spirit of cooler temperatures here in New England to leverage. Harness your team and the key business advisors you rely on to grow your business. While a man of few words, Belichick is a master at wisely having a plan along with surrounding himself with experts in their respective areas. This approach can and should be leveraged by business owners to surround themselves with talent to build, implement and execute according to plan (even if sometimes it is Plan C vs. the desired Plan A) It has served the Patriots well and served us well as fans.  Go Pats!  Go Red Sox!  Go Small Business Owners – Fall is here – get your head in the game and plan to prosper!

Assess these 10 Things to Start 2016 Strong for your Business

January 4, 2016

2016-new-year-ss-1920-800x450The first full business week of 2016.  Time to clear out the holiday cobwebs and kick off 2016!  So what will the year bring for you and your business?

 

 

 

 

10 Things to Assess about Your Business to Start 2016 Strong:

  1. Your Customer/Client Base: are you in an acquisition mode, expansion mode or retention mode?
  2. Value proposition: the corner-stone of your company’s marketing foundation.  Is it solid? The 3 C’s of a solid value proposition:  is it clear, compelling and consistent? Do you need to revise/update/enhance for the new year to address competition or logical evolution of what you offer in terms of value?
  3. Target audience: compare your ideal target audience to your existing customer base. What did you learn in 2015 that affects your ideal target audience? How can you better appeal to your ideal target audience in 2016?
  4. Your dream list: is your dream list in good shape going into the new year? Do you have a workable list of clients, prospects and suspects? Do you have a scalable process to manage and update?
  5. Sales Tool Kit by sales stage: what elements in your sales tool kit need to be updated? What elements are used most effectively?  Where are the gaps that sales needs to more effectively move potential sales through the funnel?
  6. Client stories: what successes in 2015 have not been documented? How valuable could these stories be to support your goals in 2016?
  7. New employees: did you have new hires in 2015? Are you planning new hires in 2016? How are these employees being effectively on-boarded to know, understand and represent your brand? Who owns bringing these people onboard other than on the job training?
  8. What went well in 2015 that you need to ensure continues to go well in 2016?
  9. What did not go well in 2015 that you need to fix?
  10. Offerings/Products: any changes/updates to existing offerings? Any planned new offerings this year? What is the timeframe? What needs to be developed and prepared to effectively launch?

The start of a new year is a fresh start. We are bombarded with messages about making resolutions, planning for the new you. As you launch the first full week of the new year, make the time to take a step back, assess the above components that represent key elements of an effective marketing plan.  Use these 10 items to help you organize and prioritize a plan for 2016. Make this a great year for your business.  Make time for marketing. If it is part of your core expertise, leverage it. If it is not, don’t be a DIYer, secure the marketing talent you need to develop and execute a plan to get you to where you want to be in 2016.

Happy new year.  Go get ’em.

Do you have stuffed olives?

January 16, 2014

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As you kick off the year and focus on having a great 2014, take a step back and ask yourself – What can I do to better serve my customers? 

The best way to answer this question is really quite basic. Put a feedback loop in place.  Make sure you have a communications process in place to ask your sales people, your waiters and waitresses, your customer service people, your delivery people – anyone who has interactions with prospects or customers:  What do they ask for that we are not providing?

So what do stuffed olives have to do with this blog? 

I can’t take the marketer out of me. I can’t put my customer-centric mindset aside – whether it’s watching TV and analyzing the commercials, driving by a commercial vehicle on the highway and noting the poor branding or unreadable graphics, or going out to dinner with my family. I see opportunities. I see simple ways to improve customer service, simple ways to improve one’s message, be consistent with imagery and ways to “wow” the customer. The example to highlight my point is stuffed olives.

When we go out to dinner, I know what the request will be of the bartender or waiter/waitress before we leave our home. My husband will ask – “do you have stuffed olives?”  as he orders his martini. The best and hoped-for answer is – “of course” and then indicate they stuff them with fresh bleu cheese. Nice! The evening is off to a good start. The most common answer, however, is an immediate, no hesitation “No”. The missed opportunity is that 90% of the places have olives and they have bleu cheese. The sad part is no consideration, no offer to take the pimento out and put some bleu cheese in for voila, a stuffed olive!  They simply and quickly say ‘no’ and move on to taking the drink order. Lesson #1 – clue your employees into the simple missed opportunity; the opportunity to say yes and make it happen without a lot of effort or negative impact on margins. Pretty simple stuff.

Lesson #2 – As the owner, President or CEO, are you even aware of what your customers or prospects are asking for and getting the answer of ‘no’?  This is the part of the dinner where I get on my soap box – I comment to my kids and husband that I bet them that no one ever shares with the manager or the owner that people are even asking for stuffed olives. The feedback loop is likely nonexistent. Do you have an easy way to gather more info so you are in the know and can make an informed business decision about whether you will choose to offer your business equivalent of the ‘stuffed olive’ example? Suggestion: put a feedback loop in place for 2014! In this example, a waiter or bartender could simply leave a note or post an email every day of requests they receive that aren’t met. For other organizations, a sales person could share in a weekly call or put in their call report. Customer service could have a simple email that they capture the patterns of one or many. The point of lesson #2 is this feedback loop does not have to be complex or process-heavy. Make it happen – I bet you you’ll identify something that you can do in Q1 of 2014 to improve how you are serving your target audience.

This overused acronym does apply here (sorry)  K.I.S.S. – Keep it simple stupid. Put in some consistent process that enables you to have a better handle on what your customers are looking for and then deliver it. Don’t treat this as a New Rear’s Resolution as if you do, like most resolutions, it will not last until Valentine’s Day. Just do it consistently and let your team know it is not a fad, but a smart way of doing business. Listen. Don’t say no – work on saying yes more.

Go find out what the equivalent of having stuffed olives is for your business. It may surprise you and help 2014 results. Cheers!