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Five reasons you should be at SEVC

Wednesday, February 22nd, 2012

By Joe Procopio

Joe Procopio

Joe Procopio

A week from today, I’ll be waking up with a hangover in a fabulously appointed room at the Ritz Carlton in Tyson’s Corner, wondering if I have enough time for a shower before the pre-networking-breakfast networking.

And I’ll view that as a success.

There are conferences and there are conferences. As someone who invented a social event based upon removing everything from a conference except the reception at the end (and lay off, I’ve got the patent), I can tell you that every conference has its place and time, but it’s usually what happens around the conference that’s worth the price of admission.

If you’re an entrepreneur or want to invest in, support, or provide services for entrepreneurs, next week’s Southeast Venture Conference is the one you’ll want to be around.

This year’s installment will be my fifth. Each time I’ve gone for a different reason, and usually, it winds up being a combination of the following:

Reason #1: Networking

sevc

People network in groups large and small at SEVC.

There are hundreds of ways to land investment in your startup but they all really come down to this: Find someone with a lot of money who believes in your idea and your team. This doesn’t come overnight. There isn’t a single introductory letter, business plan summary, elevator pitch, or quirky attached trinket that is going to produce a term sheet.

Although, while judging a startup competition last week, I was handed beef jerky, and let me tell you, that’s as close to a guaranteed vote as you’re going to get. Still, unless you’re starting a beef jerky company, that won’t get you seed money.

Relationships, or rather, previously cultivated relationships garnered through hustling, hard work, and a boatload of rejection, are the stepping-stones to getting funded. SEVC is one opportunity to create new relationships, nurture existing relationships, or evolve relationships into interest and eventual investment.

And yeah, there’s something to be said for being in the right place at the right time. But without the proper context, how the hell are you supposed to figure out where and when that is?

Reason #2: Networking

The phenomenon of startups helping startups in mutual partnership, or even as paying customers, is just starting to take hold as common practice. In other words, Startup A uses the eCommerce platform from Startup B, who uses the ad engine of Startup C, who uses the marketing services of Startup A.  The symbiotic inclusion of other startups into a beta adds to the robustness of said beta, and usually the pricing is beneficial to both sides.

For every investor at SEVC there are probably three people who can also help you in other ways. And it’s not just the entrepreneurs that are good to know. I’ve made a hosting deal at a venture conference, a funding deal at a gaming conference, and hired a guy at a technology conference.

Wait, that last one totally made sense. My bad.

Reason #3: Networking

SEVC

SEVC draws a sellout crowd every year.

Yeah, you’ve been to pitch parties and pitch contests and hopefully not pitch seminars, but maybe you’ve even pitched one or a hundred times privately.

This is the major leagues of pitching. And what I mean is it’s rampant with steroid use.

Of the 60 startups that will be publicly pitching at SEVC, all of them are asking for big time money and all of them are deserving of big time money (sure, at various levels of deserving, but you get the idea). Your time will not be wasted taking in as many of these pitches as possible and learning from them.

Even the bad ones.

Especially the bad ones.

But entrepreneurs are also usually very open to answering questions from other entrepreneurs. It’s one thing to watch a pitch, it’s another to have a conversation based around where that pitch came from, especially if you get them to remove the elevator-speak.

“Hockey-stick.”

Reason #4: Networking

Startups remain on the cutting edge of technology, not just in terms of which technologies are in vogue, but also where the business of technology is heading. A lot of last year’s presentations and panels focused on discussing these possibilities, but it’s in the trenches, so to speak, where you’ll find the real conversations about adoption.

Example: No one had a Pinterest strategy last year, but everyone knew about them, and more than a few were talking about them. Now, under a year later, they’re old like Microsoft.

Just kidding.

Maybe.

Reason#5: Networking

Sevc 2012Yeah, the running Networking gag probably wasn’t an awesome joke.

But at the end of the day, literally, there’s a lot to be said for just meeting new people who share the same vision and passion as you. It may seem like these opportunities are out there all the time, but let’s face it, this is the Lollapalooza of startups. There’s an energy around the open bar that you’re not going to find at a meetup.

So on Thursday morning when I wake up in my suit on top of the blankets, I’ll know I got a lot done. And I’ll have a pocket full of business cards and a handful of new friends to prove it.

 Joe Procopio heads up product engineering for automated content startup Automated Insights. He also founded and runs startup network ExitEvent, consulting marketplace Intrepid Company, and the Intrepid Media writers network (http://IntrepidMedia.com). You can read him athttp://joeprocopio.com and follow him at http://twitter.com/jproco.

 

Top ten business lessons from Oscar winning films

Tuesday, February 21st, 2012

The Oscar winners have more to share than entertainment or even a night of watching the red carpet, says Marley Majcher, founder of the nationally acclaimed event planning and catering company The Party Goddess! and author of But Are You Making Any Money? Majcher says the Oscars provide a wealth of business and life lessons.

Majcher shares her top 10 business and life lessons from previous Oscar winners and this year’s Oscar hopefuls.

1. Jerry Maguire
jerrymaquireFive Nominations. One Win.

So cataclysmic was Jerry’s decision to chuck it all and start his own company that his name is now a business term. It’s called the “Jerry Maguire Moment”, the instant when someone stops following their bank account and starts following their heart.

“Make the decision to choose integrity like Jerry,” saysMajcher, “and then, should the opportunity arise, go change the world starting with your own.”

2. Working Girl 
Six Nominations. One Win.

Tess McGill had big hair and big dreams. The hair got shorter. The dreams grew. How? Majcher notes she had a very chic, very streamlined idea.

“Dress the part you want, act the part you want – not the part you have. Then go after it,” explains Majcher. Spoiler alert: It works.

3. Rocky 
10 nominations. Three wins.

A good cardio workout is one lesson of this timeless 1976 champion tale. Another is never backing down. That means going against impossible odds, doubters, pessimists, and obstacles.

“Rocky taught us all how to fight. Not just with our fists, but with our fervor,” says Majcher. “In life or business, we all have at least one passionate fight in us.”

4. It Happened One Night 
Five Nominations. Five Wins.

It Happened One nightThis romantic classic taught there is more than one way to hitchhike. It also taught priorities. The awkward yet intimate relationship between spoiled heiress Ellie Andrews and hungry reporter Clark Gable teaches that happiness is not synonymous with money or fame.

“Both, eventually, gave up what they perceived they wanted for what they truly desired. Risking it all – either in business or life – might be everything it takes,” adds Majcher.

5. Forrest Gump 
13 Nominations. Six Wins.

Forrest GumpFrom fighting a war to running across country, Forrest Gump was a constantly shifting body of motion. What made him a success was his focus. During a pivotal point in Forrest’s life, a soldier gave him some advice about ping pong, “Now the secret to this game is, no matter what happens, never, never take your eye off the ball.” It turns out, that’s the secret to life, too.

6. The King’s Speech
12 Nominations. Four Wins.

He stammered. King George VI, known by his family as “Berty,” had one main duty to perform as King: speak for his people. Problem was, he couldn’t. He believed it was impossible. Lionel Logue, however, showed Berty that his limitations were only perceived.

“We all face impossible tasks in our business – reaching a certain income, increasing our production, streamlining our processes, being that success we all dream about,” says Majcher. “But Berty showed us something monumental, that the impossible rarely is impossible. Difficult? Yes. Impossible? No.”

7. Moneyball 
2012 Best Picture Nominee

MoneyballThe Oakland A’s didn’t stand a chance. Too poor. Too underrated. Too…other bad things. So General Manager Billy Beane, with the assistance of computer analyst Peter Brand, rewrote the playbook. If they stood no chance of winning with the accepted formula, then they had to rewrite the formula. It meant looking at the problem from a different angle and being creative with their resources. No more following the beaten path. They beat out a path for themselves. And the result…speaks for itself.

8. The Help 
2012 Best Picture Nominee

They cooked and cleaned and raised children. Thankless jobs. Yet maids Aibileen Clark and Minny Jackson gave it everything they had. The children loved them, the homes were spotless, and the fried chicken was never burned.

“What you are doing matters less than how you do it,” says Majcher. “You may not yet be living your dream. But wherever you are, whatever you are doing, give it everything you’ve got. It’s not only the recipe for happiness, it’s the path to success.”

9. The Dark Knight 
Eight Nominations. Two Wins

The Dark KnightBatman had a choice: save himself or save his city. That’s the point of Batman, he can be the outcast. He can make the choice that no one else can make, the right choice.

“In business, you are confronted with many choices. Usually two, just like Batman. Right will rarely be easy. But it will always be right,” explains Majcher.

10. The Sound of Music 
10 Nominations. Five Wins.

The Sound of Music taught people to think about their favorite things, that doe is a female deer, to never sit in a chair without checking it for acorns first. It also taught people that standing on their principles will take unbounded courage. And maybe good hiking shoes.

Want a winning company? Think Apple, think Disney, think Google

Tuesday, February 21st, 2012

Apple

Apple and other high growth companies share five key behaviors.

Every day millions of Americans arrive at work filled with low-level dread and resignation. Since the recession hit (or perhaps before), they’ve been overloaded, overstressed, and overwhelmed.

The typical workday is a marathon of rushing from one task after another, with few breaks between these bursts of effort, and even fewer words of thanks from equally frantic managers and coworkers.

By the time they drag themselves to the finish line at 5:00 (or 6 or 7 or even later), they’re completely drained and wondering how they’ll ever do it all again tomorrow.

Yes, says Mohan Nair, too many employees these days are running on empty—and no matter how great their work ethic or their fear of unemployment, at some point the pace becomes unsustainable.

The problem is not that employees don’t want to work hard,” says Nair, author ofStrategic Business Transformation: The 7 Deadly Sins to Overcome (Wiley, 2011, ISBN: 978-0-470-63222-2, $49.95).

“It’s that they have nothing to believe in. When people are motivated by a cause, they’ll work without stopping and without loss of energy. Their dedication to the cause will fuel them. The problem is too many companies aren’t animated by a cause at all—and their employees just live for the end of the day and for Friday.”

You might call Nair a “cause evangelist.” He is a fervent believer in the power of, well, believing in something. He insists that if your company isn’t giving employees a cause—if the organization exists solely to create revenue, in other words—they won’t be partners. They’ll be foot soldiers. And when you fail to meet your employees’ needs, they’ll fail to meet you.

Giving employees a “power source”—which Nair defines as servant leadership, cause-focused strategies, and authenticity—is a crucial part of the message laid out inStrategic Business Transformation.

That cause, which bears little resemblance to the corporate-speak mumbo-jumbo in the typical mission statement, should spark enthusiasm in consumers and dedication in employees. It should be an inspiring ideology that is intrinsically linked to the company’s value proposition and competency.

Think Apple. Think Disney. Think Google.

It’s this cause—this ideology—that powers strategic business transformation. And because our world is changing so rapidly, businesses have to transform themselves over and over again in order to keep up or lead markets.

“It used to be that markets reformed every several years with new ideas on what customers are interested in,” notes Nair.

“But now markets and customers are transforming because they encounter more unknown unknowns, those changes that they never anticipated and started to notice only after they happened. Companies that want to survive and grow must find the insight to know what their customers value and are willing to pay for continuously.

“Winning companies transform themselves in order to transform the customers they serve,” he adds. “They don’t manipulate markets nor do they just add another feature or capability to their arsenal. In fact, they don’t think of their capabilities as arsenals because they don’t see battles; they see opportunities to transform, not destroy.”

If you’re ready to transform into an innovative, cause-driven, employee-and-customer-inspiring organization, Nair says there are seven sins waiting to trip you up. 

See: The Seven sins of business transformation.

 

Overcoming the 7 deadly sins blocking business transformation

Tuesday, February 21st, 2012

Strategic Business TransformationMohan Nair, too many employees these days are running on empty—and no matter how great their work ethic or their fear of unemployment, at some point the pace becomes unsustainable.

Nair, author of Strategic Business Transformation: The 7 Deadly Sins to Overcome (Wiley, 2011, ISBN: 978-0-470-63222-2, $49.95). “It’s that they have nothing to believe in. When people are motivated by a cause, they’ll work without stopping and without loss of energy.

Their dedication to the cause will fuel them. The problem is too many companies aren’t animated by a cause at all—and their employees just live for the end of the day and for Friday.”

If you’re ready to transform into an innovative, cause-driven, employee-and-customer-inspiring organization, Nair says there are seven sins waiting to trip you up:

Sin #1: Ignoring the new principles of business transformation. Many companies that fail focus on the outward manipulation of markets and customers driven from the “ego” of the organization. Unfortunately for them, today’s markets are sensitive to purposeless wealth creation. No amount of end-of-the-year donations to needy organizations can make up for a lack of purpose and value. Mission and money must go hand in hand.

“If you think of making money without thinking of the greater contributions to society, you will neither attract the right people nor make money in the long run,” says Nair. “This is because people themselves are changing.

Finding meaning at work powers the twenty-first century employee population. This population knows insincerity from truth, so leaders cannot ‘fake it.’ They have to be able to feel the plights of customers and people in our society. The fuel that drives our new economy fills the containers that bring purpose to profits.”

Sin #2: Driving without a cause. Most companies have mission statements—as well as vision statements, value statements, and other official website/employee handbook fodder. Yet many employees don’t believe in them and never use them. What they need is a cause, and that’s altogether different. Once organizations know why they exist, to whom they want transformation to happen and why, they gain the audacity and authenticity to drive strategic business transformation.

“Don’t confuse ‘cause’ with ‘mission,’” says Nair. “A cause is a lasting theme, an architecture that supports the transformation of the greater environment. It has personal, rather than organizational, implications.

Missions are given to groups marching in lockstep; causes are taken up by creative individuals. A mission is a bounded, purposeful action. Missions impose the will of managers on employees, whereas causes are grounded in the latent, unexpressed will of the overall organization.”

Discovering a cause greater than any one employee and greater than the whole propels organizations beyond the speed of lofty, purposeless, or narcissistic goals, adds Nair. In his book he cites Whole Foods as an example of a cause-driven company. He refers to a quote by Cofounder and Co-CEO John Mackey in Harvard Business Review: “I think Whole Foods’ highest purpose is a heroic one: to try to change and improve our world. That is what animates me personally. That is what animates the company.”

Sin #3: Missing market momentum. Traditionally, products seek customers, customers form markets, and markets move with momentum. In transformation principle, momentum is identified before anything else, customers and prospects respond to momentum, then products respond to serve these prospects to move with purposeful intent. Momentum is a unique way to view the market. Companies that don’t understand it will miss the drivers that indicate where momentum is going.

Momentum drivers often lead “old” customers to consider their options in a whole new way. Being able to predict these changes of mind and heart, even before the customers themselves do, allows companies to get in first with products destined to be hot sellers.

Nair writes: “The most telling experience occurred recently when I was watching a sunset. A person nearby stated, “I wish I had my phone” when he was thinking of taking a photograph of the sunset. These customers would have rejected the idea of a phone and camera combined in the past. This is transformation at its best.”

Sin #4: Ignoring the two orders of value. If you assume that rational and emotional value propositions are all you need to consider, think again. There’s also a “higher order” value proposition: the symbolic. Customers symbolically attach to the product or the company that sells the product. They come to identify with the purpose of the product and what it stands for. Organizations that are able to transfer and connect market momentum into value to the customers that emerge from a transformation will gain market share and be very successful.

Take Trader Joe’s, for instance. The company has convinced its customers to bring bags that they bought from Trader Joe’s to collect their own groceries. It has successfully tapped into “green” market momentum.

“The customers of Trader Joe’s are participating at both levels in acting to save paper or plastic and to recycle bags every time they visit,” writes Nair. “This has huge economic value because the company saves on the cost of bags, but the consumers do not see it that way. Consumers see themselves aligning with the grand vision of a better world without excess, and they believe that Trader Joe’s is conforming to their world view authentically.”

Sin #5: Overlooking transformational servant leadership. The new organization is a workspace with no walls. Leadership styles of the past cannot conform to the unbounded workspace commanded by remote employees, portable tablets, portable computers, and worldwide internetworks.

Hierarchical management techniques and paradigms are breaking down. You may try to bend the iron bars of the hierarchical organization to make it “look” better—but if you aren’t practicing true servant leadership, you won’t be able to attract the talent it takes to compete in the transforming marketplace.

What is transformational servant leadership? While the concept is maddeningly difficult to pin down, it contains several basic truths:

  • - It’s based on service rather than hierarchical controls. Leaders believe in something greater than themselves.
  • - There are no sharply defined leaders and followers. Leaders lead when it’s appropriate and follow when it’s appropriate.
  • - Organizations are populated by project-centered self-leaders who partner with one another when needed.
  • - Leaders strive for dramatic inner change, re-engineering, and self-identification with corporate goals. In other words, it is about personal change creating group change that triggers corporate change—and not the other way around.

“They are powered by a desire to serve others, and they forget themselves, and this is the source of their undying energy and success,” writes Nair. “They do not come to this easily but through self-doubt, suffering, ridicule, and even pain. Yet they are among us, and we should realize that we cannot judge anyone in our organization to be inadequate, of not having ideas to transform the world around them. Our purpose is to nurture and to find the goose that lays the golden eggs rather than be in the business of ideas. Be in the business of nurturing people with ideas, and the ideas will flow.”

Sin #6: Mistaking capability for strategic competency. Capabilities are what you can do for customers. Competence is the unique recipe of your capabilities and what you can do better than others consistently as far as your customers perceive.

You can always gain a new capability: just learn how to do it yourself, hire someone who knows how to do it, or partner with another organization to fill that void. Stopping there, instead of understanding your competencies and using them to formulate your strategy, is the sin. It keeps you from being able to create value that people want and are willing to pay for.

Being good at one key capability is not sufficient—unless, that is, it is nonreplicable. Winning, using competencies, involves:

- Creating brand awareness among your customers and prospects who feel an alignment between the organization and their values.
- Defining communicable cause/purpose that is about a transformed customer and experience with that customer.
- Combining key ingredients that reflect a valued recipe that creates a strong, enduring, and authentic “aftertaste” to the customer who keeps returning because of it.
- Creating a structure that drives social networked feedback interactively with an approachable organizational structure.

“Trader Joe’s has gained loyal customers because they are capable in selling you good produce and groceries,” says Nair. “But they are competent in driving their belief systems about conservation, their shopping experience, and their community spirit. Many other stores have the same ingredients (capabilities) as Trader Joe’s. What they don’t have is the recipe (competency).”

Sin #7: Expecting flawless execution without a performance platform. It is critical to find the talent ahead of time, find the capabilities of the future ahead of time, and to ensure that your operating capability anticipates rather than responds to a transformed market. What if Amazon couldn’t ship its products on time and accurately? Customers would go to the competition, of course. And yet, it’s common for companies to do more and more—to implement greater and greater change—without a context for employees and customers to frame improvement initiatives.

Nair says there are two categories of performance management corporations must master:human (inspiring, organizing work, people performance and incentives) and corporate(analytics, systems and methods around the financial, operational, customer and strategic outcomes and outputs). To execute well in the second category a company must have capabilities in four areas: monitoring, measurement, management, and direction setting. As if that weren’t complicated enough, companies must be able to strike a careful balance between surviving today and investing in tomorrow.

“I call this balancing act ‘building the plane while flying the plane,’” says Nair. “You have only one plane, but if you just kept flying it you would eventually encounter a storm that you would not survive. If you stopped and built the plane of the future, you would lose the battles you currently face. So you must build a new plane while flying the plane into battle.

“It’s tough to determine how much to invest in the now and how much to invest in the future—especially since the future is a transformed environment,” he adds. “Prioritizing is part science and part art. The ability to make these decisions is where leaders truly earn their keep.”

This is all deeply complicated stuff, to be sure. But Mohan insists it is possible for corporate leaders to transform (themselves, their organizations, and their customers), to make money, to keep their collective soul, and to give the people who do the work a real reason to come to work.

“I challenge today’s businesses to choose to transform,” he says. “Develop a strategy that reflects your beliefs and let others, both employees and customers, choose to take up your cause. Transformation is never easy, but it is almost always worth the blood, sweat, and tears that come with it.”

Nine ways questions can build better business relationships

Wednesday, February 15th, 2012

Andrew Sobel

Andrew Sobel

Just a few years ago, globalization was in full swing, and the world seemed to be bursting with an infinite supply of business.

All this bounty lulled us into taking our customers for granted, maintains Andrew Sobel—until the economy tanked and shattered the illusion of endless prosperity. Suddenly, the old-fashioned “trusted relationship” started to look good again.

“In this post-Madoff era of unpredictability and suspicion, people are looking for deeper, more intimate, and more engaged relationships—the kind that reduce risk,” says Sobel, author (along with coauthor, Jerold Panas) of Power Questions: Build Relationships, Win New Business, and Influence Others (Wiley, February 2012, ISBN: 978-11181196-3-1, $22.95) and three other books on long-term business relationships.

“This is true of customers but also vendors, employees, and other business partners,” he adds. “The days of getting in, making money, and moving on to the next guy are over. When times are tough and the future is uncertain, people want to put down roots and partner with people they truly like and trust.”

Connections begin by asking the right questions

Bottom line: In today’s markets, the most valuable commodity is the ability to connect with others and rapidly build trust. And that begins by asking the right questions.

“Asking questions and letting people come up with their own answers is far more effective than spouting facts or trying to talk someone into something,” Sobel explains. “Telling creates resistance. Asking creates relationship.

bookIn his book Sobel explores dozens of questions that light fires under people, challenge their assumptions, help them see problems in productive new ways, and inspire them to bare their souls (which, of course, strengthens the bonds in the relationship).

          Here are nine ways questions can transform professional and personal relationships:

• Questions turn one-dimensional, arms-length business relationships into personal relationships that endure for years. “When a relationship is all business and there is no real personal connection, it lacks heart and soul,” says Sobel. “And therefore you are a commodity—a kind of fungible expert-for-hire.

A client—or your boss—can trade you out for a new model with no remorse or emotion. But when you’ve connected personally, the situation is transformed because clients stick with people they like. Bosses hold on to team members they feel passionately about. Your expertise and competence get you in the door, but it’s the personal connection that then builds deep loyalty.”

Sobel tells the story of a senior partner in a top consulting firm who had to meet with the CEO of a major client. Other consultants were nipping at their heels to get more business from this company.

This powerful, confident CEO, who was in his 60s and near retirement, had seen hundreds of consulting reports. At the end of a routine briefing, the senior partner paused and asked the CEO, “Before we break up, can I ask you a question?”

The CEO nodded. The partner said, “You’ve had an extraordinary career. You have accomplished so much, starting at the very first rung of the ladder, on the manufacturing floor. As you look ahead—is there something else you’d like to accomplish? Is there a dream you’ve yet to fulfill?”

The CEO was nearly stunned. He thought for a moment and replied, “No one has ever asked me that question. No one.” And then he began talking about a deeply held dream he had for his retirement. That question was the turning point in building a long-term, deeply personal relationship with an influential business leader.

• They make the conversation about the other person—not about them. Most of us don’t care what other people think—we want to know first if they care about us. The need to be heard is one of the most powerful motivating forces in human nature. That’s why one of Sobel’s power questions is, What do you think? Another is, Can you tell me more?

“There’s an anecdote I love about a woman who has dinner, in the same month, with two great rival British statesmen of the 19th century, Gladstone and Disraeli,” says Sobel. “When asked to compare the two men she says, ‘After my dinner with Mr. Gladstone, I thought he was the cleverest man in the world.’ And then she adds, ‘After my dinner with Mr. Disraeli, I felt as though I were the cleverest woman in all of England!’

“When you make the conversation all about you, others may think you are clever,” he adds. “But you will not build their trust. You will not learn about them. You will squander the opportunity to build the foundations for a rich, long-term relationship.”

• They cut through the “blah, blah, blah” and create more authentic conversations. No doubt you can relate to this scenario. A person says, “I want to bounce something off you.” Then, he proceeds to spend ten minutes telling you every detail of a very convoluted situation he is enmeshed in. You do yourself and the other person a favor by getting him to focus on the true kernel of his issue. Simply ask: What is your question?

“This is a tough-love question,” admits Sobel. “People will resist it—often strenuously. But you must ask it. It forces them to take the first step toward clarifying what the issue is and what advice they really need from you. You’ll reduce the amount of posturing people do and will move faster toward an authentic conversation.”

• They help people clarify their thinking and “get out of the cave.” The ancient Greek philosopher Socrates said that we perceive reality as if we are chained inside a dark cave. In that cave, we see only the blurred shadows of life outside the cave as they are projected on a dark wall at the back. Our understanding of reality is filtered and distorted.

By asking a series of questions, Socrates would engage his students’ minds in the learning process. In this way he uncovered assumptions and slowly but surely got to the heart of the issue. The “Socratic Method” is still used at Harvard Business School—and it can enable you to help others see the true reality instead of shadowy representations of it.

Instead of saying, “We need to improve our customer service!” Sobel suggests asking: “How would you assess our customer service levels today?” Or, “How is our service impacting our customer retention?” If someone at work says, “We need more innovation,” ask, “Can you describe what innovation means to you? How would we know if we had more of it?” Or if there is a call for more teamwork, ask, “What do you mean when you say ‘teamwork’?”

• They help you zero in on what matters most to the other person. The next time you’re talking to someone and realize you’ve “lost” her—she’s fidgeting, she’s stopped asking questions, maybe she’s sneaking glances at the clock—ask this question: What is the most important thing we should be discussing today?

You will instantly connect with what really matters to her—and the conversation that ensues will help her see you as relevant and valuable.

“Even if your agenda doesn’t get met, hers will,” asserts Sobel. “And then she will want to enthusiastically reciprocate. In business it’s critical to be seen as advancing the other person’s agenda of essential priorities and goals. When time is spent together on issues that are truly important to both parties, the relationship deepens and grows.”

• They help others tap into their essential passion for their work. One of the highest-impact power questions you can ask is, Why do you do what you do? It grabs people by the heart and motivates them. When they seriously consider and answer this question, the room will light up with passion. Dull meetings will transform into sessions that pop with energy and generate ideas that vault over bureaucratic hurdles and create real impact.

“We do things for many reasons,” writes Sobel. “But when you put ‘should’ in front of those reasons, you can be certain all the pleasure and excitement will soon be drained away. No one gets excited about should. In contrast, when you unveil the true why of someone’s work and actions—when you get them to start sentences with ‘I love to’ or ‘I get excited when’—you will find passion, energy, and motivation.”

They inspire people to work at a higher level. The late Steve Jobs was notorious for pushing employees. He asked people constantly, Is this the best you can do? It’s a question that infused Apple’s corporate culture from the beginning. It’s one that helped revolutionize the desktop computing, music, and cellular phone industries. And it’s one that you can use too—sparingly and carefully—when you need someone to stretch their limits and do their very best work.

“Often, we settle for mediocrity when we need to do our best,” reflects Sobel. “Mediocrity is the enemy of greatness. Asking, Is this the best you can do? helps others achieve things they did not believe possible.”

• They can save you from making a fool of yourself. Before responding to a request or answering someone’s question to you, it’s often wise to get more information about what the other person really wants. When a potential employer says, “Tell me about yourself,” you can bore them to tears by rambling on and on about your life—or you could respond by asking, “What would you like to know about me?”

When a prospect asks, “Can you tell me about your firm?” the same dynamic applies. Most people go on and on about their company, but the client is usually interested in one particular aspect of your business, not how many offices you have in Europe. Ever seen someone answer the wrong question? It’s painful to watch. Asking a clarifying question can save you huge embarrassment.

“A potential client asked me for the names of three references to call,” Sobel tells us. “Instead of running around and drumming up the names, I pushed back, and asked, ‘What particular information are you seeking?

Any references I give you are only going to rave about me!’ It turned out the prospect had no interest in actual references. And in fact, had she called my past clients under that pretense, it could have been potentially embarrassing to me for them to make such a big deal about a small speaking engagement.

What she really wanted to understand was how other clients of mine had tackled the organizational resistance she was expecting. This question—and the subsequent conversation—turned a small lead for a keynote speech into a major, year-long project.”

• They can salvage a disastrous conversation. Sobel’s coauthor, Jerry Panas, recalls the time he asked a man named Allan for a million-dollar donation to his alma mater’s College of Engineering. Though he knew better, the author failed to gain rapport and explore Allan’s true motivations before jumping in with the big request.

When Allan rebuked him for his presumptuousness, Panas realized he had made a serious error. He apologized, left the room, and twenty seconds later knocked on the door and asked the power question, Do you mind if we start over?

Start over they did, and Panas ultimately discovered that Allan might indeed be interested in making a gift—but to the University’s theater program, not its engineering program!

“Things like this happen all the time in business—and at home,” reflects Sobel. “Interactions get off on the wrong foot, and someone gets angry or offended or just shuts down. But people are forgiving. They want to have a great conversation with you. Asking, Do you mind if we start over? will disarm the other person and make him smile. That smile will ease the way to a new beginning.”

One of the greatest benefits of becoming a master questioner is that it takes a lot of pressure off us, notes Sobel. It’s a huge relief to know that you don’t have to be quick, clever, or witty—that you don’t have to have all the answers.

Bend and bounce: so you don’t break

Tuesday, February 14th, 2012

Marti MacGibbon

Marti MacGibbon

By Marti MacGibbon

Doug is a manager at a large retail firm. Recently his department reported a significant drop in sales. Doug and his team are working diligently to earn a bigger market share this holiday season, so he wants to find a way to lead and instill confidence in his subordinates, but deep down he wonders if he’s got what it takes to rebound personally, let alone carry others along.

Bob’s office is down the hall from Arthur’s, and he works in the same department. Bob is always upbeat, even seems inspired in the face of adversity and challenge.

Doug knows that Bob, a newcomer on the team, joined the company after being laid off by a competitor. Doug admires Bob’s attitude and ability to rally staff’s confidence and morale.  He asks himself how Bob does it and even wonders if it’s something Bob was born with.

Bob’s secret is his resilience, and he wasn’t born with it. He built it. Resiliency is the ability to bounce back, adapt to adversity, and roll with the punches. Resilience gives us the flexibility to restore ourselves, and our lives, after difficulty, trauma and loss, and it is a quality in high demand during these rapidly changing times.

Although there may be a genetic factor involved, resilience is not something you are either born with or not.  You can learn, build, and develop your resilience. A sense of humor, like resilience, can also be learned and developed, and it, too, can really help you to roll with the punches.

Here are four strategies to help you build your resilience:

Get Connected and Stay Connected.

Resilience does not mean standing alone through hard times. Relationships with others who are supportive and positive are essential to achieving and maintaining resilience. Mentors, friends, family, advisors and associates can provide encouragement, experience, strength and hope during uncertain, adverse, or painful times.

Isolation creates brittleness and inflexibility – you’re more likely to sink into a negative state of mind when alone with losses, failures or trauma. And your connectedness involves not only receiving, but giving encouragement, experience, strength and hope.

When you reach out to support and share with others, you gain and build resilience and allow yourself a chance to heal from your personal injury or trauma. Get involved with support groups, community involvement, etc. And remember to have fun. Fun does wonders for your sense of humor, your resilience, and your health.

Look Back, Learn and Whenever Possible, Laugh.

Allow yourself to review past events and reinterpret them, drawing strength from your experiences. As you review your life, step back and look at yourself objectively, as if you are watching a movie. Review your story.

Find humor where you can, inspiration and courage where you can. Give yourself credit for character and grace and avoid blaming or judging yourself or others. Refuse to engage in beating yourself up or “should-ing” yourself to death. Accept the things you can’t change and take stock of the things that are within your power to change.

One thing that is always in reach, always in your power to change, is your attitude. Everyone has a story. Remember that you are the author of your life story; you may prefer to think of yourself as the director of your “life movie.”

If so, cast yourself as the hero! You can find your bearing and begin working toward a triumphant third act or conclusion. And, as in movies, a little comic relief can’t hurt.

 

Develop a Plan of Action.

If you want to build resilience, you will need a daily plan of action. Action creates motivation, and motivation creates more action. Always be proactive in the face of adversity, failure, loss, illness or injury. Advance in the face of difficulties or challenges, one day at a time. Remember, you’re working on the next scene in your life’s movie, so make it a comeback story – a triumph of the human spirit theme. Reach out and march headlong toward all that life has to offer. Think: I’m still alive. This experience did not kill me. What doesn’t kill me I can use to make myself stronger and more flexible. Set measurable, doable goals and be consistent with your action plan.

Keep Hope Alive and Practice Being Optimistic.

Always look forward to a bright future. Visualization is a powerful tool used by athletes, performers and people from all walks of life. At least once a day, take time to visualize yourself where you want to be, and celebrate it as though you are already there.  Permit yourself to feel all the peace, exultation and joy that comes as you picture yourself in this specific happy situation, having reached your goal. It’s good to visualize the same thing each day – repetition programs your unconscious mind.

Write affirmations or use mantras. These tools can help you to establish your own inner cheerleading squad. When you choose a mantra, be sure it’s positive. “It’s temporary,” “I’m learning,” or “I’m healing,” are positive mantras. Obviously, “Why me?” or “It’s not fair,” are not positive mantras.  Practice mindfulness meditation and develop skills to counteract negative feelings and mindset.

Always remember that if you feel good, things will go better. And feeling good is a choice. You can change negative thought habits; this has been scientifically proven with behavioral therapies.  Use positive self-talk.  Direct your inner dialogue, allowing moment-by-moment opportunities to encourage yourself as a friend, mentor, coach, and advocate.

Remember, it’s your movie, your life story.  Often, the best-loved films are stories where underdogs triumph: where the lead characters, presented with adversity, discover their deep inner strength, embrace change, learn powerful lessons, bounce back, and ultimately win the day. Resilient people view difficulty as an opportunity to adapt, create, innovate, and advance in one or many areas of their lives. Does art imitate life, or is it the other way around? That’s up to you.

Marti MacGibbon, CADC II, ACRPS, is a certified mental health professional, humorist, inspirational motivational speaker, veteran standup comic, author, and member of the National Speakers Association. Her memoir, “Never Give in to Fear,” is available on Amazon.com and through her website, www.nevergiveintofear.com.

8 ways to get the most from a daily deal site (infographic)

Monday, January 23rd, 2012

EverSaveEversave, one of the daily deal sites targeting  women and their families, has compiled a list of eight tips to help consumers from being overwhelmed, supplying pointers to help them be smart about their use and purchases of daily deals.

“It’s easy to get caught up in the urgency of a one-day-only deal and feel like you’ll miss out if you don’t buy, but a deal isn’t really a deal if it’s not right for you.”

Daily deals are an excellent way to save money, explore new restaurants and try new experiences. However, Eversave wants consumers to think before they spend. Eversave asked eight expert bloggers for their best advice on how to use daily deals.

Tips include (also, see infographic below text)

  1. Just say no. “Only purchase deals you actually need and will use,” says Rachel Gordon of Mashup Mom. “It’s easy to get caught up in the urgency of a one-day-only deal and feel like you’ll miss out if you don’t buy, but a deal isn’t really a deal if it’s not right for you.”
  2. Limit the number of deal sites. Ashley of Frugal Coupon Living recommends limiting the number of deal sites to which you subscribe. “Choose sites based on your location and likes.” Sites like Eversave cater to women and frequently offer member perks whereas other sites might offer more nightlife-related deals that better suit your lifestyle.
  3. Keep track of expiring deals. Devon Weaver of Mama Cheaps sorts her deals by expiration date and then keeps them in a three-ring binder. “Stay organized! Keep purchased deals in a binder sorted by expiration date or mark those dates on a calendar. Setting up alerts on your phone works great, too! Now you’ll always know when a deal is about to expire.”
  4. Keep them handy. Keep your deal vouchers where you will see them and use them. Whether it’s in the glove compartment of your car or in your wallet, make sure you have your deals handy. Advises Karen of Koupon Karen, “Print out all your daily deal vouchers and keep them in folder near the door. Then when you are on the way out, you can grab the folder in case you want to use any of them while shopping.”
  5. Don’t let a good deal go unnoticed. “Shop deals early in the morning so you have time to share the best offers with friends,” says Beckie of Infarrantly Creative. “Some deal sites, like Eversave, offer credits and incentives when you share a deal and your friends purchase them too.”
  6. Remember birthdays and holidays. Andrea Deckard of Savings Lifestyle buys deals as gifts. “Create a list of potential gift recipients. Make notes of special wants, needs and sizes for each person. Watch the daily saves to purchase items on a discount,” she says.
  7. Don’t forget date night. Deb Sutherland of Frugal Living and Having Fun likes to get ideas from deal sites on where to plan date night. She said, “With all the various restaurants, hotels and attractions they introduce through their deeply discounted daily offers, dating has never been so much fun and affordable.”
  8. Only buy from reputable deal sites. According to Liza of Addicted To Saving, consumers should really make sure the deal site they are buying from is a trusted source. “I want to see that there is a customer service team available in case I have questions or concerns.”

“Yes, as a daily deal site, it might sound crazy that we are telling consumers how to use, buy – or in some cases – not buy daily deals. However, we want consumers to spend and use their daily deals smartly.”

deals infographic

Top innovators weigh in on how students should prepare for tomorrow

Thursday, January 19th, 2012

Vinod Khosla

Vinod Khosla

Is it time to shelf the long-standing liberal arts-oriented education rich in literature and history in favor of more concentrated study of current events, biology, mathematics, foreign languages and computer programming?

Will the need for “elegant minimalism” in a data-swamped world thrust design and the arts to the forefront? Should students focus on their passions rather than “core” subjects because what they’ll need to know 10 years from now doesn’t even exist yet?

In short, what skills and knowledge will it take for young people to win the best jobs in the future and create new opportunities for others?

Against that backdrop, Xconomy today released its inaugural Xconomist Report. Available for download here, it comprises a wide range of thought-provoking responses to a single question: “What should students be studying now to prepare for 10 years from now?”

Co-sponsored by AMA Enterprise and Babson College, more than 20 internationally recognized innovators, entrepreneurs, educators and investors from fields as diverse as biology, computer science, energy, engineering, healthcare and government provided responses. With hundreds of years of collective experience, their insights will enlighten, entertain, infuriate and inspire.

“Education remains among the most hotly debated topics,” said Xconomy Founder and Editor-in-Chief Robert Buderi. “The stakes have never been higher and the future never cloudier thanks to dramatic technological shifts, increasing economic uncertainty and an ever-evolving global economy. Our Xconomist Report was undertaken to drive more dialog from a widely diverse, field-hardened group of thought leaders who collectively have great insight into what the future will bring — and what young people today will need to succeed.”

Responses include:

Vinod Khosla, General Partner, Kleiner Perkins Caulfield & Byers; Co-founder and first CEO of Sun Microsystems: “To me, the fundamental tools of learning stem (no pun intended) from science, technology, engineering, and math. This updated curriculum should eclipse the archaic view of liberal education still favored by institutions like Harvard and Yale based on a worldview from the 1800s… Furthermore, certain humanities disciplines such as literature and history should become optional subjects, in much the same way as physics is today (and, of course, I advocate mandatory physics study).”

Todd Park, Chief Technology Officer, US Department of Health and Human Services; Co-founder of athenahealth: ”Students should learn by studying how to start things — how to create and grow new products, initiatives, ventures and enterprises — a skill set that never goes out of style and that is fundamental to our nation’s future well-being and prosperity.”

Esther Dyson

Esther Dyson

Esther Dyson, Investor, Technology Analyst and Philanthropist: “More than anything, they should be studying math, including statistics and probability, and programming. No matter what the subject, we will have huge amounts of data about it, and will need these tools to get meaning from the data… But in the meantime, don’t forget to read world literature so you can understand your place in history and know how to be a human being.”

Gururaj “Desh” Deshpande, Founder of the Deshpande Center for Technical Innovation at MIT; Chairman of A123 Systems; Co-founder of Sycamore Networks and Founder of Cascade Communications: ”In the old economy, individuals mastered a specific skill and practiced it over the course of a 50-year career. In the next 50 years, new graduates will probably change their field of practice every 10 years. They need a good work ethic, to be able to learn new things… Picking a problem they feel passionate about and finding a way to solve it builds confidence and gives students a taste of taking charge.”

Ann Marie Sastry, Co-founder of Sakti3, an advanced battery manufacturing spinout from the University of Michigan: “The notion that there is a gold standard — a favored text or tome, a single subject matter expert, or a single corporation with a single best practice, in any discipline — is really outdated. The ‘new normal’ is generation of information by multiple sources, and use of meta-analysis to sort for the most correct, most useful information. The winners in this era are those who can synthesize and execute, efficiently…”

Lisa Suennen, Co-founder and Managing Member of healthcare-focused venture capital firm Psilos Group: ”The Baby Boomers started turning 65 years old in 2011 at a rate of approximately 10,000 people per day, and that trend will continue for the next 20 years… The best thing you could possibly study is how to conceive of technologies, products and services that would appeal to the aging demographic.”

Add Your Answer:
Fuel the discussion by posting your own response and commenting on those from others here.

Want to keep employees happy: use a content management system

Wednesday, January 11th, 2012

Samantha McCollough

Samantha McCollough

By Samantha McCollough, iDatix

A successful company strives to keep employees productive, and a knowledgeable business knows that happy people are more productive. Happiness at work can increase productivity by as much as 12% in fact, according to a study at University of Warwick.1

A story in CMS Wire quotes Paul Murphy, national sales director of Spire Investment Partners, who said technology such as an electronic document management system can make work easier and people happier.

“If employees are more efficient, they’re happier. If they’re happier, they’re more productive. If they’re more productive, you’re more profitable,” Murphy said.

Enterprise content management systems can make life easier for employees by cutting down on time needed to search through file cabinets, improve communication and collaboration with co-workers and automate repetitive tasks.

CMS Wire said that internal customers, or employees, matter the most in the quality and quantity of work output. According to the source, a satisfied employee is more creative, productive and dependable, which generates work that can make customers happy and encourage them to stay loyal to a brand or company.

Even though in the long run it can make people happy, Ed Yonker, CIO of Franklin County, Pennsylvania, warned that people get agitated when new changes come down at a company. It is important to reduce the level of frustration and dissatisfaction in the early stages to cultivate happiness with the new system.

Gaston County, North Carolina helped quell the impatience of the integration with education and training, CMS Wire said.

“Although the resistance to change has been far less than for ECM than other applications or new business processes, there are always people who want to continue doing things the way they’ve always been done,” says Brandon Jackson, CIO of Gaston County.

“However, the more we publicized the success of the departments that were our early ECM adopters, the more people began to realize how tedious working with paper actually is.”

Rochelle Waldoch, compliance and records manager of Ramsey County, Minnesota, told CMS Wire that they started watching training videos that featured characters from The Flintstones. She said just because something is technical doesn’t mean employees can’t have fun with it.

CMS also stated that the most effective change to a content management system brings a sense of togetherness for something everyone has in common, which in this case is becoming educated on a new form of technology.

On Inside Counsel, a website designed for law department leaders, Dennis Kiker, a partner at LeClairRyan in Richmond, Virginia, said that understanding and acceptance of a new program should come through training on the document management program. He said this also lets workers know that the new program is a priority for the company.

“Employees should be trained when they are hired, whenever the program is significantly updated and on a periodic basis thereafter,” Kiker said. “If possible, the training should be interactive and include a testing component to increase the likelihood that information will be retained.”

The direct benefits of a content management system, such as reduced paper costs and increased efficiency, are often clear improvements in obtaining a new system. Yet the indirect cause of employee happiness, and the increased productivity as a result of it, is another measurable impact that such a solution can have on an organization. With proper training and a simple transition, the company and employees stand to gain considerable advantages.

Samantha McCollough is PR director at iDatix, a Clearwater based small business and a leader in the development of ECM software.

Entrepreneurs aren’t born, they’re launched

Tuesday, January 10th, 2012

By Joe Procopio

Joe Procopio

Joe Procopio

I see Anil Chawla everywhere I go. And while my ego told me he was probably stalking me, it turns out he’s been an entrepreneur for a long time, even though it’s only been a year since he let everyone know.

That was the day Anil left his posh job pushing code at IBM, where he had been for over six years, to hop on the roller-coaster ride of full-time founder.  Anil had been working under wraps to polish his product, TweetyMail (yes, I’ve spoken to him about the name, but you’ll remember it when you’ve finished reading this column). It’s a framework for accessing Twitter via email.  He later expanded to TheFriendMail, which accomplishes the same for Facebook.

Anil Likes Email

But on Thursday, January 12th, Anil will be one of the five startups launching new products at the third version of Launch Day, which gets started at 5:00 p.m. in Bay 7 of the American Tobacco campus in Durham.

In fact, Launch Day will be a reunion of sorts for me. I’ve known co-host Jake Finkelstein for about 10 years since we worked at a startup together, and I met co-host Sarah Wechsberg at last year’s Triangle Entrepreneurship Week, where she is a co-founder.

Launch Day will also have music provided in part by Argyle Social’s Danny Olinsky, who was the winner at last year’s StatSheet Pongageddon .

Names… Dropped

But back to Anil. On Thursday he’ll roll out Archive Social, which helps companies that are under strict communication regulations (think financial and healthcare), monitor and capture social media activity and preserves the data in a way that those businesses need to remain in compliance.

But Archive Social isn’t just about compliance, the product will capture and store social media communication in an automated way for any company that needs that data stored.

This sets is up as potentially disruptive. We’re all using social media, we apparently can’t get enough of it, and we all know that there’s a social paper trail out there, but we’re not archiving it, even our own personal communication like we would with email.

All That Interest in Email Paid Off

Anil actually got the idea for Archive Social while working on another product during Durham Chamber’s Startup Stampede. And like the four other companies at Launch Day Thursday night, he’ll be on stage making his pitch to the public for their participation. In his case, the ask is for companies to participate in the pilot.

Why archive your social? Businesses have been largely cavalier about their social media usage, but ultimately they may find that they have to trust that said data will be there when they need it.

Those companies in Archive Social’s sweet spot, the ones that are under compliance, find the storage regulations far more stringent. But if we’re all going to start storing our social media communication, which we likely will soon, then won’t we want the same protection that the most stringent archivers are using? Like maybe something that will hold up as evidence in a court of law?

Some of you care about this more than others, and I think we both know who you are.

The Accidental Entrepreneur

Anil isn’t what you’d think of as your traditional entrepreneur. He wasn’t selling lemonade when he was four years old. In fact, he had very little entrepreneurial background at all. He went to school like all the other kids, knew he had to get grades, go to college, get a job, and kick ass at it.

But from day one he couldn’t escape feeling like he was not living up to his potential. He said to himself that if he spent the next year doing what he was doing, at the end he wouldn’t be fired up, he’d be disappointed.

Most people think that someday they’re going to leave their job and start their own business, and ultimately most people do not. When Anil left IBM, he wasn’t far enough along to live on the income from his startup, but he had gained the confidence that this would happen down the road.

Everyone Has to Jump

TweetyMail and TheFriendMail do well, continue to grow, and currently process about 1 million emails a month through the service. A chunk of his customers are paying, and it’s profitable.

Archive Social is a pivot. He’ll look to do a public launch in the middle of the year as a small/medium business play. The product will be his flagship… for now. If he finds something else that has the same kind of potential, he’ll build that, but like the other products that came before, he’ll continue to grow what he’s got.

Launch Day III: The Launchening

Like previous Launch Days (and most public pitch formats), each founder gets 3-5 minutes to drop knowledge followed by another 1-2 minutes to answer questions. It isn’t meant to be a contest, but rather a public request for help, whether that help comes in the form of pilot customers, testers, employees, or the old standby, investment, that’s up to each founder as they take the stage.

Launch Day founder Scott Kelly has also expanded, so to speak, and created a series of programs this year, including Startup High, a mentoring and educational program for local startup CEOs to show the ropes to high school students over two weeks this summer, and Startup Madness, an all-ACC program that pairs a local executive and a local student from each of the ACC schools. He’s even working on Pittsburgh and Syracuse, even though they aren’t official until 2013.

The four other presentations are Pruvop, who will be rebranding, INRFOOD, the latest from GoToAid maker Jaargon, Pengo  working on peer-to-business loans for emerging markets, and Pasplore , a browser extension grabs data and brings it into a workable format.

Joe Procopio heads up product engineering for automated content startup Automated Insights. He also founded and runs startup network ExitEvent, consulting marketplace Intrepid Company, and the Intrepid Media writers network (http://IntrepidMedia.com). You can read him athttp://joeprocopio.com and follow him at http://twitter.com/jproco.