Posts Tagged ‘entrepreneurship’

I’m Not Your Boyfriend (And How to Deal with Client Breakups)

Monday, August 8th, 2011

This issue came to light last week as I told my long-time landscaper that I would no longer use his services for one of my properties. Afterward, I told Petra that I had that horrible feeling of breaking up with a high school girlfriend who does not like what she’s hearing so she won’t give back your Letterman’s jacket and proceeds to throw a strawberry milkshake on your car (we’ll save that story for another day).

In the case of landscaper, he said things like:

  • I don’t know who this dream guy is that you think is going to be better than me.
  • How can you do this, I’ve always taken care of you like a brother.
  • I’m offended because I always give you a special price.

Oy vey, the guilt was piled on a think as cream cheese on a bagel at Sunday brunch with a bunch of Jews (my family). I suppose I should mention that we did not know each other before he started working for me, didn’t socialize or even speak other than to discuss the work on my properties.

Has this ever happened to you?

You call up your contractor to let them know you will no longer be needing their services and, instead of a professional conversation about why you’re making the choice, you feel like you’re having a breakup conversation with your girlfriend or a family argument with your brother?

I bring up this issue because you’re a service professional and I don’t want you to make the same mistake as my landscaper. Please consider the following two points.

One

Using the bonds of familial relations to guilt your client into feeling poorly about their decision to stop working with you while also creating a false argument to defend the real reason they are dissatisfied with your service, is not going to “save the sale.” Moreover, it’s an adolescent way of being.

Two

It’s OK to become friends with your clients, to have personal conversations and even socialize outside of your work together. However, when having conversations about projects, prices or the continuation or discontinuation of services, remember that you are not their friend, boyfriend or brother. You work for them. Pure and simple. If they are unhappy with your services, you have two choices. One, you can try to fix the problem or two, you graciously let them go. Either way, you’ll find ways to improve your services and will likely stay friends.

Here’s a third and bonus point: If you do work with friends or family, giving them special deals and perks and they decide to let you go, nonetheless, the same hold true. Never mention that you did special things for them. If you’re going to hold that over their head, you shouldn’t have done those “favors” in the first place.

I once heard my friend Ben say, “Don’t lend money to friends if it will be a financial hardship for you if they don’t pay you back.” His point was, the good deeds you do don’t always get repaid so do them because it pleases you to help, not because you require reciprocation. Otherwise the relationship will come undone. And, you might even end up with a milkshake covered car.

Now, since I’ve been treating you like a paying client, even though you’re not, and this post took me two hours to write, not to mention that I gave you that third and bonus point to boot, I expect you to share this post with everyone you know.  If you don’t, I’ll huff and I’ll puff and never write another post or book for you for as long as I live. So there!

You Go Granny! (grannypreneurs speed economic recovery)

Thursday, June 30th, 2011

According to the Kauffman Foundation, individuals between the ages of 54 and 64 represented 22.9% of the entrepreneurs who started businesses in 2010. That’s up from 14.5% in 1996.

Furthermore, the Kaufman Foundation says, that since 2007, this group of grannypreneurs (my word, not theirs) has created new businesses at a higher rate than any other age group. Sweet.

The data, writes Kauffman’s research director Dane Stangler, demonstrates that “The United States might be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it.”

Hey, maybe this trend, in addition to speeding the economic recovery, will compel America’s youth to respect their elders.

What Else Does it Take To Be A Great Leader?

Wednesday, June 15th, 2011

Besides initiative, which you have loads of or you wouldn’t be building your own business, let’s look at what else it takes to be a great leader.

No surprise that one of the hallmarks of great leaders is that they are “in touch” with themselves and with the people who work with them. It’s the best way to be a good role model.

What’s necessary? Clarity, honesty, integrity, openness, self-respect, and treating every individual with dignity—not once in a while to get something done or get something from someone—but all the time.

Great leaders rarely, if ever, deviate from these principles of behavior. If and when they do, they take full responsibility through openness and self-awareness, and they make it right. By doing this, they generate the same kind of behavior from their employees, business partners, and customers.

The old saying,“Do as I say and not as I do,” never worked in parenting, and it sure doesn’t work in leadership. Lead by example.

“Done?” “Yes, done.”

Thursday, June 2nd, 2011

If you’re working with others and you finish a task or achieve a milestone and don’t say, “Done?” to the people effected by the work, it’s not done. And, if these people don’t reply with, “Yes, that’s done,” it’s still not done.

The same thing is true when someone asks if you will complete a task. If you don’t respond with a “Yes, I will by this date,” and they don’t respond with, “That’s great, thanks,” then it’s not in the plan.

Think of it like this…”If a tree falls in the forest does it make a sound?” Yes, of course, it does, but no one knows it fell so no wood will be chopped and no fire lit.

Open ended work and unconfirmed completed tasks are a recipe for project breakdown.

What Does it Really Mean to Innovate?

Sunday, May 29th, 2011

My latest post at the Huffington Post.

Every successful entrepreneur, indeed every successful person, is an innovator.

You might be saying to yourself, “Not me, I’ll never invent the light bulb. Don’t confuse the idea of innovation with the idea of invention.

An innovator can change perspective and adopt new habits. Innovation is changing the way you do and see things. It is asking yourself, “How will I view my business differently today than I did yesterday?”

Continue reading at the Huffington Post.

David Meerman Scott on Social Media Marketing and Real Time Marketing

Tuesday, May 3rd, 2011

The following is a transcript of a compelling conversation I had with author, David Meerman Scott.

You can also listen to the audio recording with this player.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

MICHAEL:

Hi everybody. This is Michael Port and I am here today with David Meerman Scott. Say hi David.

DAVID:

Hey, how are you Michael?  Good to be here.

MICHAEL:

Good, good, good.  So, I’m sure you guys know David but, if you don’t, he is an author who has written seven books.  A few of his books you probably know, Real-Time marketing and PR, a huge, huge success.  Marketing Lessons from the Grateful Dead, love that book.  World Wide Rave, I have trouble saying that one.

DAVID:

As do I.

MICHAEL:

And The New Rules of Marketing and PR.

I really like David a lot.  I don’t know David as well as I’d like to, I think that we don’t talk enough.  I really like him because I like what he stands for.  I like the style that he uses in his work and I like his philosophy. So, in a world of charlatans and false idols, I think David is the real deal so I’m happy to be here.

We are going to talk for about twenty minutes and the first thing I would like to know, David, is why you got into this work in the first place?

DAVID:

Wow, it’s really great to be here, Michael.  We’ve spoken a number of times.  We have yet to meet in person, which I hope we can accomplish.

MICHAEL:

It’s probably going to happen in an airport one day.

DAVID:

Exactly.  Or else it will be on Twitter that we will find out that we are in the same place.

MICHAEL:

Exactly.

DAVID:

I got fired, as a matter of fact, which is what brought me into this world.

I was Vice President of Marketing for a company called NewsEdge Corporation in the late 1990’s and early into 2000.  In 2001 Thompson Corporation acquired NewsEdge and my bosses brought me into a room and sat me down and said, “Explain to us this new-fangled marketing you’re doing here David.  What is the stuff you are doing?”

I said, “Oh, it’s great! We are ranking really high in the search engines and we are creating all of this really great content on the website that people are finding.  We are doing press releases in order to get indexed by Google.  It’s fantastic stuff.”

They basically said that they don’t do this new-fangled marketing here and they sacked me for it.

Actually it ended up being really great because I got sacked at one of the most difficult times to find a job that has happened in decades, which was immediately after 9/11.

Nobody was hiring after 9/11 so I said to my wife, “Geez, I don’t think I’m going to be a Vice President of Marketing for a publicly traded technology company anytime soon,” which is what I had been doing before that.  “Maybe I should strike out on my own.”

Fortunately my wife was very encouraging so, I started doing a little bit of consulting. I started my blog in 2005, I had a couple of books come out in the early 2000’s and then The New Rules of marketing and PR, one of the ones that you mentioned, that one came out in early 2007.  So, I was off and running when that book came out and that sort of launched the speaking career.

MICHAEL:

One of the things I think is very important when we choose our teachers is to choose our teachers based on what they stand for and the philosophy that supports the work that they produce because when you are choosing “how-to” teachers, there’s a lot of different people that could offer the “how-to’s.”  “How-to’s” are not difficult to produce.

I’d love for you to explain to the folks what your philosophy is behind the work that you do and what you stand for in the work.  What really sets it apart?

(more…)

What’s Your Job?

Friday, April 22nd, 2011

When you start a business, you’re exposed to a seemingly endless stream of diverging themes and complicated processes. I attempt to reorganize them into simple systems.

That’s my job as an educator—to take ideas that have become complicated and noisy and disentangle and harmonize them so that the entrepreneur can work quietly.

What’s your job?

(Note: The share buttons below are woking, they’re just still not showing any numbers. Feel free to use them.)

UPDATE: I love when you participate in the discussion with your comments. Think of what I’m going to say as a suggestion from a loving teacher only concerned with your success…

Some of the comments below are mini-elevator speeches, I’ve suggested that you stay away from elevator speeches.

In this post, however, I was attempting to ask you how you thought about your job, not necessarily the result that you help your clients achieve. There’s a big difference. I believe that the way you think about your “job” influences how you help your clients get what they want – the “result.”

For example, I help small business owners get more clients. More clients, is the result. What I wrote about my “job” is how I do it. Of course, it’s essential to consider who you help and what you help them get (the result). Just as important, however, is how you do it – that’s what allows you to do remarkable work or the people you’re meant to serve.

Confident Leadership Skills

Friday, March 18th, 2011

In order to get booked solid, you need to develop strong, confident leadership skills. You probably also want leadership strategies and tactics that are easy to implement. Confident leadership will definitely help you sell more sessions so thinking like a leader and being a leader is the key to your success.

Confident Leadership Skills Resources

Thinking big about who you are and what you offer the world, while running a small business, demands that you can handle a lot of responsibility. Only confident leadership skills give you the tools. I’ve written these posts to help you in your quest to be a servant leader.

Leadership Skills

This list of leadership skills resources will help you improve your leadership language, use books to lead with knowledge, be the best in the world, discover what type of business owner you are, how to form and maintain great business relationships and how to be a great entrepreneur.

Easy Problem Solving

Friday, March 18th, 2011

Problem solving is your job. As a small business owner or professional service provider, each day you get up to face new problems. That’s OK, if you accept that problem solving is one of the top line items of the job description of a small business owner.

Of course, you don’t want to spend all your time solving programs. No, you want to book business and do great work. You want to work with ideal clients and get paid handsomely to boot.

Problem Solving Resources

This list of problem solving resources will ignite your passion for solving the problems you face and, as a result, help you accomplish your dreams.

How To Solve Your Problems

This list of problem solving resources will help you deal with criticism, increase your confidence, move on from ideas that aren’t working, embrace change, start what you finish and more.

 

Entrepreneurship: Dyslexics do it better

Friday, October 24th, 2008

Today I learned that my dyslexia may be one of the reasons that I’m successful as an entrepreneur.

The New York Times published an article called Tracing Business Acumen to Dyslexia. Apparently, and amazingly, a new study of entrepreneurs in the US suggests that 35 percent of entrepreneurs are dyslexic. The study also concluded that, “dyslexics were more likely than nondyslexics to delegate authority, to excel in oral communication and problem solving and were twice as likely to own two or more businesses.”

Some famous entrepreneurs with dyslexia… Richard Branson, founder of Virgin Atlantic Airways; Charles R. Schwab, founder of the discount brokerage firm; John T. Chambers, chief executive of Cisco; and Paul Orfalea, founder of Kinkos.

Apparetnly, Dyslexics better do it… I mean… do it better. Who knew?