Just get your business started!

In my coaching work, I have the distinct pleasure of supporting small business owners and entrepreneurs as they take their growth ideas, products, services, passions, and business savy into the marketplace.  They deserve a great deal of credit as striking out on your own can be risky.

If you are thinking of putting a toe in the water, consider starting a side business. This allows you to keep all the benefits of your current employment, while testing out a concept that you think might be able to succeed.  Side businesses come in all shapes and sizes. First and foremost, you should be able to work on things that come naturally to you.  After all, these are your gifts and talents.

Here are some areas to consider as you are getting your side business off the ground: Read more of this post

Ben and Jerry’s Motivates Us to Stop Procrastinating in 2015

ben-and-jerrys

Since 1978, Ben and Jerry’s, have been delivering “Vermont’s Finest” ice cream like no other. My personal favorite is Phish Food, and I celebrate my birthdays with a delicious Ben and Jerry’s ice cream cake.

In Bloomberg Businessweek, “Why Ben & Jerry’s Launches New Ice Cream Flavors in the Winter” on January 13, 2015, we learn that Ben & Jerry’s actually brings new products to market in the middle of winter.  “They’re called Boom Chocolatta! Cookie Core, Peanut Buttah Cookie Core, and Spectacular Speculoos Cookie Core. The center has a texture that’s kind of like cookie dough, but crunchier, says John Henry Siedlecki, senior brand manager at Ben & Jerry’s.”  The flavors sound fantastic, yet the timing seems unusual. The article mentions that peak ice cream sales take place from Memorial Day to Labor Day.  As I write this post, Washington, DC is expecting more snow this week!

Interesting enough, this winter launch approach drives ice cream sales when consumers would be considering other types of dessert.  Additionally, it gets consumers comfortable with the new product in time for peak ice cream buying months.   In 2015, Ben and Jerry’s actually launched their ice cream a month early to get ahead of the competition!

Here are some ideas to not procrastinate so your own “ice cream” can get to market early – whether it is starting a new sales strategy, new project, new business, new job or new job search: Read more of this post

Authentic relationships in the executive search community can boost your career

In your career, an executive search consultant can be a great customer.  Like anyone who buys your services, you need to build loyalty and trust.  Let’s explore how you can get to know your executive search customer!

In my work with executives, I often hear, “I need to transition quickly. Can you introduce me to any headhunters?”  I admit I used to cringe at the question, as it reflects a true misunderstanding of the executive search profession.  If executives actually reflected on the role of executive search consultants, they could find much better ways to interact with this dynamic group of professionals. To build great relationships with members of the executive search community, you need to move from a transactional approach to a long-term customer-focused strategy.

The role of the executive search consultant (too often loosely called a “headhunter”) is to satisfy the employer’s need. Indeed, a very important point! Candidates are only important if they fit the specifications of an open position for executive talent. Usually, executive search consultants are experts in their industry and/or function area. There are typically two types of executive search engagements: retained search and contingency search.  Retained search is where the executive search firm is the sole representative of that role and advises the organization from start to finish, helping identify successful qualities for the candidate in the beginning stages, and assisting with offer discussions upon completion.  Most likely, the retained search firm is paid through a mix of a retainer and a commission upon successful hire (usually termed an “uptick”). In a contingency search, the organization may not be the sole representative of that role, and they will most likely be paid when a candidate is hired successfully.   Retained search engagements tend to be more consultative with an individual employer (the role is likely more high- profile, and a high degree of confidentiality is needed) while contingency search engagements are less consultative with an employer (there are multiple openings for the same type of job description and the candidate actually might be marketed to multiple employers at the same time).

Knowing these elements is essential, because executives can truly engage retained search consultants over the long-term to benefit their career.  Here are some suggestions on building a long-term relationship with the executive search world: Read more of this post

Be Resilient in 2014 Like Sam-I-Am!

Sam I am

With two young boys, it has been a thrill to be re-acquainted with one of the best children’s books of all-time.  The famous refrain “I do not like green eggs and ham. I do not like them Sam-I-am!”  from Dr. Seuss’ Green Eggs and Ham rings true today as much as when the book was first printed on August 12, 1960.

Sam-I-am invites his “client” to a buffet of green eggs and ham and receives a clear, resounding “NO!” In total, Sam-I-am gets rejected 69 times. 69 TIMES?!  Each rejection becomes only more emphatic than the preceding one. It is only after the grand 70th ask, that Sam-I-am convinces his “client” that green eggs and ham are exactly what he needs. Not only did Sam-I-am make the same ask 70 times over, but he also did it with flair – in boats, cars, trains, houses and even in the dark.  Each new ask on the same theme (my “client” will like green eggs and ham) was presented in so many fun and interesting ways.

2014 is a new year and a time for looking forward.  We make plans and resolutions, refine goals and think of ways to improve aspects of our professional lives.  Whether it is elevating individual or group achievements, inspiring employees, getting a promotion or more interesting work, closing more business or exploring a new career even into retirement, there is always an opportunity to aspire to.

After several weeks of working towards these new goals, it will only be natural to encounter resistance. Prospects, clients, vendors, colleagues, subordinates and supervisors may not be as excited about your efforts as you are.  The organizational dynamics, culture, social norms and ways of working may not easily accept change.  This exact moment is where I challenge you to find your inner Sam-I am.  Here are some ideas on how to find joy in resiliency, so you can achieve your goals in 2014: Read more of this post

Smucker’s Jif goes “nuts” about product innovation. Will you innovate your approach to mentors?

Smucker’s. This maker of preserves, coffees and peanut butter has been around since 1897, when JM Smucker was pulling along a horse drawn wagon with its apple butter.  Even with a great history in delivering a great American pastime (peanut butter and jelly), Smucker’s has certainly not been relaxing on a great name.

In Food Navigator, “JM Smucker: Our innovation success rate exceeds industry norms” on September 4, 2013, we learn that new products have contributed to $530M of the company’s topline sales.  Extensions of Jif into Jif Natural, Jif To Go, Jif Almond and Jif Cashew represent some of its faster growing segments.  That is something to go N-U-T-S over!

Jif’s innovative approach to broaden its nut product portfolio (the world is clearly not just peanut butter anymore) gives us a unique moment to reflect on our own career goals on how our mentor portfolio supports our professional growth.  To develop in your career, it is important to add new mentors in a variety of “flavors” to support that development.

Here are some ideas to consider as you evolve your approach to mentoring: Read more of this post

Keurig and Campbell Soup Challenge Us to Seek Out New Social Media Channels

Keurig and Green Mountain Coffee. Since 1998, they have brought quality coffee to a single cup without having to grind beans, measure coffee, handle filters or clean up. Press a couple buttons and voila! You can find the Keurig in plenty of homes as well as office break rooms. As the organization evolved, its product line expanded to tea and hot cocoa.  Now Keurig is about to go where no one thought they could go! Campbell Soup in a Keurig!

In Forbes, Soup From A Coffeemaker, Anyone? Green Mountain Will Start Selling Campbell Soup K-Cups”  on September 4, 2013, we learn that chicken, dry pasta and vegetables will now be coming through your Keurig.

Campbell’s creative approach with Keurig shows their product, normally sold through a can in a grocery store, can be delivered to a new set of customers in an unlikely place. Wow! Innovation and chicken noodle soup in the same sentence!?

As Campbell innovates to seek new customers with Keurig, we all have an opportunity to reflect on our own “customers” and how they interact with us on social media. Here are some ideas to consider: Read more of this post

Maker’s Mark teaches us how not to “dilute” our brand

Makers-Mark-NeatMaker’s Mark. This bourbon has been sold in a very distinctive bottle sealed with red wax since 1954.  In addition to great packaging and taste, you can count on its 45% alcohol by volume / 90 proof the same way you can count on the annual Kentucky Derby at Churchill Downs.

Or can you? In The Washington Post, “Maker’s Mark reverses decision to cut amount of alcohol in whiskey, restores historic levelon February 17, 2013, we learn that Maker’s Maker actually considered adding water to its award winning product (dropping its alcohol volume from 45% to 42%), due to excess consumer demand. Immediately, consumers passionately responded via social media against this change and actually preferred a mild shortage of the product over altering its composition. Maker’s Mark quickly recognized its folly and scraped plans of the product change.

In planning to water down its product, this great bourbon not only ignored the economics of supply and demand (thoroughly discussed in this great Forbes article) but also the emotional attachment customers had with Maker’s Mark brand. Adding water to Maker’s Mark, literally and figuratively dilutes this powerful spirits brand.

Quick marketing lesson: in its simplest definition, a brand is “a delivery of promise.”  This promise (product or service) can be delivered via functional and emotional benefits to the desired customer. When Maker’s Mark delivers its promise, customers expect a quality product at 45% alcohol volume.  Altering its composition would be no different than changing the formula in Coca-Cola or revamping the packaging of Tropicana Orange Juice. Customers develop an emotional attachment to the brand that they have come to expect over decades.

Maker’s Mark’s recent misstep allows us to ponder how we can successfully manage our personal brand to avoid any “brand dilution”: Read more of this post

Follow

Get every new post delivered to your Inbox.

Join 595 other followers

%d bloggers like this: