How to Accelerate Organizational Performance and Improve Job Satisfaction

The new realities of this economy have challenged business executives at all levels. Uncertainties about the economic recovery, increasing government involvement, rising health care costs, and the motivation of the workforce have placed management in a complicated and tenuous situation. While the challenges seem endless, one of the biggest issues executives face is how to improve performance as well as keep the workforce engaged and maintain a high level of productivity.

A 2010 survey conducted by the Conference Board showed only 45 percent of Americans are satisfied with their work. This is the lowest level ever recorded by the Conference Board in more than 22 years of research. Those that fail to improve job satisfaction are at risk of losing their top talented people to the competition. Losing good employees is bad enough, but businesses are also seeing a growing percentage of unhappy employees staying just for a paycheck. As a result, many organizations are hamstrung with employees who are only performing at a minimal level. What should you do?

HOW TO ACCELERATE ORGANIZATIONAL PERFORMANCE AND JOB SATISFACTION –THE PRIDE SYSTEM

The responsibility for change and performance improvement rests squarely on the shoulders of leaders at all levels. Dr. Edwards Deming said, “The aim of leadership should be to improve the performance of man and machine, to improve quality, to increase output, and simultaneously to bring pride of workmanship to people.”

A motivating environment is one that gives workers a sense of pride in what they do. To show executives and business owners how to accelerate performance and build a more productive work environment, I’ve created a five-step process called the PRIDE system.

P-Provide a positive working environment
R-Reward and recognition
I-Involve and increase employee engagement
D-Develop the skills and potential of your workforce
E-Evaluate and make continuous improvements

STEP 1: PROVIDE A POSITIVE WORKING ENVIRONMENT

Engaged and motivated employees provide the health insurance businesses desperately need in these challenging times. Fran Tarkenton said to find what motivates people, “you have to find what turns people on.” This is the most important factor in the PRIDE process. Senior leaders have the responsibility for setting the culture and climate of their organization. A positive work environment requires leaders are in touch with their workforce.

The Walt Disney Company provides an excellent work environment for their employees or “cast members.” They have spread employee assistance centers strategically across the theme park. Some of the services include employee discount programs, childcare information, money orders, postage stamps, check cashing and bus passes. The Walt Disney Company realizes taking care of their employees’ needs keep them motivated, on the job and loyal to the company.

STEP 2: REWARD AND RECOGNITION

Pay and benefits are important, but financial incentives are limited in their ability to motivate and drive performance improvement. For most people, the most powerful form of reward and recognition is a job that gives them a sense of purpose and is in alignment with their skills and abilities. As reported in the Conference Board survey, one of the main reasons job satisfaction has decreased is workers do not consider their jobs interesting.

Personal recognition is also a powerful tool that increases job satisfaction and motivation. Mark Twain once said, “I can live for two months on a good compliment.” A pat on the back or a personal note from a peer or a supervisor does wonders. Small, informal celebrations are many times more effective than a once-a-quarter or once-a-year formal event.

Graham Weston, co-founder and CEO of Rackspace Managed Hosting, gives the keys to his BMW M3 convertible to his top performing employees for a week. This creative way to reward employees has a bigger impact than cash. He says, “If you gave somebody a $200 bonus, it wouldn’t mean very much. When someone gets to drive my car for a week, they never forget it.”

STEP 3: INVOLVE AND INCREASE EMPLOYEE ENGAGEMENT

People may show up for work, but are they engaged and productive? Job satisfaction increases when there is a process to contribute their ideas and employee suggestions. This gives them a sense of ownership and pride in their work. Marsha Myers of Lee Hecht Harrison said, “Managers usually overlook the company’s most valuable asset and source of information – their employees. As the economy slows, creative organizations can find new ways to drive revenue and reduce costs by seeking employee suggestions.”

In order to stimulate innovation, Sony Corporation fosters the exchange of ideas within departments by sponsoring an annual Idea Exposition. Scientists and engineers display projects and ideas they are working on. Open only to Sony’s employees, this process creates a healthy climate of innovation and drives employee engagement for all those who participate.

STEP 4: DEVELOP THE SKILLS AND POTENTIAL OF YOUR WORKFORCE

Ongoing training and development is a critical element of a successful organization. It helps people become more productive and effective at what they do. Well-trained employees are more capable and have more autonomy over their jobs. It also gives them internal mobility and has a positive impact on employee retention.

At Federal Express, all customer contact people receive six weeks of training before they ever answer the first phone call. Learning never stops and testing continues throughout their employment tenure. Every six months customer service people are tested using an on-line computer system. Pass/fail results are sent to each employee within 24 hours. They receive a personalized “prescription” on areas that need reviewing with a list of resources and lessons that will help. Their intensive training and development program have resulted in higher productivity and lower turnover.

STEP 5: EVALUATE AND MAKE CONTINUOUS IMPROVEMENTS

The economic realities we now face require increased vigilance. Businesses must balance cost reductions and cut backs with the needs of the workforce. Organizations should never be content with status quo and must be alert to anything that causes job dissatisfaction and lowers productivity. Many executives have in the past only focused on tangibles such as profit and loss while relegating matters of hiring, development and talent management to human resources. This can no longer be the case.

Archived under Business Management Comments (75)

Is Your Timing Keeping You From Being Successful In Your Business? Part 3

Last couple of issues I talked about how either moving too fast or too slow can sabotage your success. (You can read part 1 and 2 here: http://www.michelepw.com/blog ) Today I’m going to talk about a place where entrepreneurs typically move too fast — launching their product.

I know. You just finished your product or program and you can’t wait to start selling it. In fact, if you could, you’d start selling it yesterday!

And it’s agonizing waiting to launch your product. You want to be making money NOW, not waiting for weeks or months before you actually see any income. Plus you want to get it into the hands of your ideal clients, they NEED what you’re selling. So who has time to sit around waiting to promote? Just get a sales letter up and start selling it, right?

Okay here’s the thing. There’s a reason why product launches work and there’s a reason why you reach more people (and make more money) if you control yourself and do it right.

What’s that reason? Urgency.

You see, probably the biggest reason why your ideal clients decide not to buy is lack of urgency. They may like the product, they may know they need it, they may like YOU. And I bet they even INTEND to buy — just not right now. Right now they have a million other things going on and a bunch of other things they’re spending money on but in a few months or a year they will have the time or money to “finally” invest.

Well, we all know how that works out.

The more time and energy you spend building up buzz for your product, the more you’ll start creating that urgency. And the more you’ve built that urgency into your ideal clients’ minds, the more likely they’ll buy (and USE) your product, thus getting the results they want.

So it’s a win-win. You win because you get your product into the world while being paid handsomely for it, and your ideal clients win because they get the help they need to solve their problem.

So how much time should you allow for a product launch? Well it depends on the launch. There are a variety of launch systems out there, and depending on what you want to accomplish (and who your ideal clients are) dictates your launch. But here are some guidelines to get you started:

If you’re doing a straight teleclass launch (i.e. a preview call that sells the product or program) I would allow a minimum of a 2 weeks before the preview call. (Note, if you want to get affiliates involved you’ll need to allow a lot more time to plan. The more time you give your affiliates to put in their promotional calendars, the more likely you’ll get them to actually promote.)

If you’re doing more of a “release a special report and/or video” which teases the product by providing information, then you’ll need 4-6 weeks. Those take a little longer to get the viral aspect going. Because a preview call has a “date” when the call is, there’s built-in urgency, but a special report or video doesn’t necessarily have that.

If you want to use surveys or a contest, you might be able to do it in a couple of weeks but it would help if you had a little longer (2 weeks to do the survey then 2 weeks to do something with the results of the survey).

Remember these are minimum times AND these are how much time to actually PROMOTE. No, you don’t have 2 weeks to write a squeeze page, once the squeeze page if up, you need at least 2 weeks to promote. If you wanted to add a couple of weeks to do some other promotions, that’s never a bad idea. (Remember, the more you promote the more urgency you build and the more your ideal clients will want to buy.)

Archived under Business Management Comments (58)

Focus on Learning, not Training

Nearly every organization I have ever worked for or with has a serious problem with training. They concentrate on training rather than learning.

The first indication of a problem is that the mediums chosen to impart learning are the poorest at retaining learning but are the easiest to organise.

Learning retention rates vary depending on the medium that is used to impart the learning. The usual training methods of lectures, reading, audio visual and demonstration (including role plays) have average retention rates of five, ten, twenty and thirty percent, respectively.

A chief financial officer revising these numbers would not have an anticipation of a high rate of return from training.

The average retention rate for discussion groups is fifty percent. Good role plays will result in discussion groups occurring. Unfortunately, most role plays are unstructured with the roles given cursory attention as to what impact they need to have on the learning required and the discussion which follows is as much about the acting ability of participants as it is about the key learnings.

Good role plays will structure the background of the individuals, the behaviour of the individuals, the environment in which they are operating and the responses required to specific situations of at least one of the participants of the role play. The discussion at the end of each role play will be similarly structured, looking for observation about content, not style.

Practice by doing has a retention rate of seventy-five percent. And yet, repetition of a task or a method seems to be considered as demeaning in many organisations. There is still much to be said for drilling concepts into people during and after the “training programme” to aid retention.

By far the most effective ways of ensuring that learning is retained is to immediately apply the learning in a real situation or be required to teach others. I have not seen either of these alternatives to improve retention of learning employed except by the occasional individual diligent manager or supervisor.

When it comes to the medium of training, the tried and true lectures with audiovisuals and a few role plays are the norm. The training department generally checks whether the training was enjoyed and was considered relevant by use of the reaction sheet. This is always in the affirmative of course if the training was conducted overseas or in any location considered exotic.

Reaction sheets bring me to the second indication that training departments concentrate on training rather than learning. Whilst a reaction sheet is important to determine whether the trainer and the programme delivered are suitable, they are only a fraction of the story if the focus is on learning rather than training.

What is more difficult and more important to measure is whether the learning is actually relevant to the participant’s workplace not just intellectually stimulating and theoretically relevant to the workplace, which will score high on a reaction sheet.

Learning which cannot be used in the workplace is not only forgotten, but it has no chance of changing behaviours at the workplace and changing the bottom line of the organisation.

Kirkpatrick’s four levels of training evaluation has been around, discussed and built on since 1994 and yet few organisations actually measure beyond the first level, which is the reaction sheet. Kirkpatrick’s four levels are reaction, learning, transfer (to the workplace) and results. Kirkpatrick’s evaluation model is a model for evaluating the level and impact of learning and not training.

A good instructional designer will insist that the determination of the measures to be used at each of the four levels is completed as part of the instructional design. But this rarely happens as organisations remain focused on the training and the trainer rather than learning.

The third indication that organisation’s focus on training rather than learning is that whilst most training is lectures combined with audio visual and role plays with a low retention rate, hardly ever is there an attempt made to increase retention rates by providing a means to revise the material learnt.

People who participate in traditional training methods and have no intervention which requires them to revise the material will forget over eighty percent of what they learnt within eight weeks. People who have some intervention forget about twenty percent of what they learnt.

If organisations introduced something as simple as a revision test, the potential for a return on training investment increases by a factor of four.

Some organisations truly see training as an investment. However, most pay the notion of training being an investment lip service. It is not hard to understand why, when the concentration is so much on training and so little on learning applied to achieve an end result.

Organisations need to learn that training is about the organisation, learning is about the person.

Archived under Business Management Comments (67)

How to Retain Sales Talents

One of the largest issues facing today’s sales manager is trying to retain their talent. Employee turnover costs organizations billions of dollars in lost revenues and operational dollars. From lost clients to reengagement fees, turnover create headaches for many organizations. In addition, research from just a few years ago reveals the tremendous impact sales managers have on their employee’s level of commitment. It is imperative to note that individuals do not leave companies – they leave poor managers.

Poor management-employee relationships contribute to negative morale. As recent as 2006 the Gallup Organization estimated there were 32 million actively disengaged employees costing the American economy up to $350 billion per year in lost productivity. With sales forces required to produce more than ever, it is imperative for sales managers to retain talent.

Here are ten tips for success:

1. Leaders as exemplars. Leaders need to act in harmony with employees and ensure equal treatment of all. Employees and managers need to operate simultaneously without lines of bureaucracy. Culture within the organization must ensure equality of all and consistent focus on the customer.

2. Best practices from the best people. Sales Managers attempt to enforce selling methods based on personal methods and desired bureaucracy. For example, the notion exists that if all selling professionals are out of the office they must be selling. However if a representative lives in the office but produces the best results, rather than use the exemplar managers default to the requested norm. Seek to emulate the best practices from the best.

3. Hire for talent. The principle from “First Break All The Rules” is true. Hiring for talent is needed. Talent is innate and is the best method for gaining the best people for the best jobs.

4. Training and Development. Of the 120 billion dollars per year invested in human capital development only a small percentage focuses on sales training. There are three prevalent issues;
1) Sales Managers typically state a lack of time for training, yet nothing is more imperative than an investment in your human capital.
2) Sales Managers typically hold short-term event based training. Development is a process not an event! Beliefs, habits and values will not alter in seven-hour program.
3) No accountability. A travesty of development is the lack of accountability following a development program.

5. Communication. Sales Managers and their people must communicate. Few studies have been conducted however; a recent sample illustrates a decline in sales meetings and one on one communication. Feedback loops are vital for establishing goals, policies and corrections.

6. Culture. The profession of selling requires a strong and energetic culture yet the entire of the entire organization must focus on its most imperative asset- the customer. A lack of customer focus creates employee aggrandizement and selfishness.

7. Customer Service Culture. Peter Drucker said “The purpose of a business is to create a customer.” Nothing is more important, that is why a business exists. There is no other purpose.

8. Onboarding is a vital resource. On boarding requires a coordinated organizational effort to guide and mentor new and existing employees to huge gains in productivity. Research illustrates that 69% of organizations with a structured program have a higher success factor of maintaining employees beyond three years.

9. Self Mastery. Sales professionals must be enabled to improve. Although tuition reimbursement is available little investment is provided for personal development. Sales professionals remain when organizations continually enable investments in personal development.

10. Positive Feedback from Customers. Gain the insight and testimonials from selling representatives and boast. Good news from clients that understand and exploit value are those that create buzz and excitement about the firm.

Archived under Business Management Comments (20)

Kicking Winning Goals

The competition for business is hotting up. The advances in new technology, ease of communication, and increasing expectations from customers have combined to make the marketplace more competitive than ever. In this world it is critical for small and medium businesses to be proactive about creating their future. Without proactivity, things just seem to ‘happen’ without your control.

A management system that is centred around goals is one tool that the business can use to craft its future. This is a system of deciding what you are going to do everyday based on the goals you are working toward.

It sounds simple enough, but the research clearly shows that most businesses don’t set goals – at all. The goal setting process can seem daunting if it’s unfamiliar territory, or if you have so much on your mind that you don’t know where to start. This process will help you to sort through your key issues by setting goals that are innovative, resolve problems and improve results.

A goal-centred management system has 3 elements:

1. The goal or the objective you want to achieve

2. The activities required to achieve the goals, and

3. The review or evaluation process.

Here are the 5 steps required to put your goal management system in place.

1. Identifying your Goals.

Start by asking yourself these three questions. If you have employees, often they have a different view about issues in the business. Including them in this process can be really valuable.

? What are the three things that irritate me the most about my business right now?

? What have I been putting off, that I know will have a positive impact on my business?

? What is working pretty well, but could be improved?

It might help you to think in terms of some common categories such as:

Employees: skill levels, right people in right jobs

Managers: management style, experience

Customers: strength of customer base, number, loyalty etc

Financial: cash flow, capital, low debt, profit margins etc

Reputation: well-known brand, well regarded

Products/Services: leading edge, innovative, short time to market, no competition, price

Environment: flexible work practices, physical working environment, location

Technology: automated, streamlined, productive

Production: capacity, product range

Distribution: low cost, efficient

Sales/Marketing: promotion strategy, marketing materials etc

2. Write down what you want to achieve for each identified goal.

With your answers to the questions, actually write down how each thing would look at it’s most successful. Goals should be in writing, in measurable terms and have specific timelines.

For example, if you had chosen technology, your goal might be ”to implement an integrated and automated contact management system by April 30th that takes away most of the manual work I do now.”

3. Break goals into measurable steps.

For each goal that you’ve articulated, break it down into the steps you need to do. You must include timeframes for each step.

In our example, the steps might be:

? Researching available contact management systems – by 31 Jan

? Analyse each one along cost, technology implications, ease of learning – by 29 Feb

? Decide and purchase – March

? Implement system – April 5th

? Test and undergo training – by 30 April

Ensure that all the people impacted by a goal fully participate in the crafting of the goal and the action plans.

4. Allocate people to do the actions.

Be clear about who is responsible for what activity.

5. Create a fail-safe tracking method to monitor success.

This is absolutely essential. Without it, the business will simply continue to react rather than choose it’s own direction. There are many different ways of monitoring. A simple method is to come together once per week and check where each current activity is at. You also get the opportunity to remove obstacles and plan any additional activity. If you work solo, schedule time in your diary each week to track your progress.

This process of constant review and resetting action steps based on actual progress is the hallmark of having a goal centred management system. A simple goal setting process leaves out this vital step.

So make the time and set your business up for success. Invest a few hours each week in careful planning and consideration, and see your business reach it’s true potential.

Archived under Business Management Comments (472)

Overcoming Speaking Anxiety

Do your knees feel like Gumby’s when you have to get up and speak in front of a group?

Do you feel like the next words out of your mouth are going to be the dumbest words ever uttered by a human?

If you said yes to either of the questions above, be advised, you have a full-blown case of stage fright, says Lenny Laskowski, a professional speaker and President of LJL Seminars.

According to the book of lists, the fear of speaking in public is the #1 fear of all fears. The fear of dying is #7! Over 41% of people have some fear or anxiety dealing with speaking in front of groups. People who have this fear can experience all kinds of symptoms: Sweaty palms, accelerated heart rate, memory loss and even difficulty in breathing.

Some of the world’s most famous presenters have freely admitted to nervousness and stage fright. Mark Twain said it best, “There are two types of speakers: those that are nervous and those that are liars”.

Everyone, even experienced speakers, has some anxiety when speaking in front of a group of people. This is perfectly normal. The best way to deal with this anxiety is to first acknowledge that this fear is perfectly normal and you are not alone. To reduce your fear, you need to make sure you properly and thoroughly prepare yourself before you speak. Proper preparation and rehearsal can help to reduce this fear by about 75%. Proper breathing techniques can further reduce this fear by another 15%. Your mental state accounts for the remaining 10%.

Below are just a few suggestions you should use to overcome your speaking anxiety. The first and most important of all is preparation. I like to think of it as the 9 P’s:

Prior Proper Preparation
Prevents Poor Performance
of the
Person Putting on the Presentation.
Nothing will relax you more than to know you are properly prepared. Below are 10 steps you can take to reduce your speech anxiety.

1. Know the room – become familiar with the place in which you will speak. Arrive early and walk around the room including the speaking area. Stand at the lectern, speak into the microphone. Walk around where the audience will be seated. Walk from where you will be seated to the place where you will be speaking.

2. Know the Audience – If possible, greet some of the audience as they arrive and chat with them. It is easier to speak to a group of friends than to a group of strangers.

3. Know Your Material – If you are not familiar with your material or are uncomfortable with it, your nervousness will increase. Practice your speech or presentation and revise it until you can present it with ease.

4. Learn How to Relax – You can ease tension by doing exercises. Sit comfortable with your back straight. Breathe in slowly, hold your breath for 4 to 5 seconds, then slowly exhale. To relax your facial muscles, open your mouth and eyes wide, then close them tightly.

5. Visualize Yourself Speaking – Imagine yourself walking confidently to the lectern as the audience applauds. Imagine yourself speaking, your voice loud, clear and assured. When you visualize yourself as successful, you will be successful.

6. Realize People Want You To Succeed – All audiences want speakers to be interesting, stimulating, informative and entertaining. They want you to succeed – not fail.

7. Don’t apologize For Being Nervous – Most of the time your nervousness does not show at all. If you don’t say anything about it, nobody will notice. If you mention your nervousness or apologize for any problems you think you have with your speech, you’ll only be calling attention to it. Had you remained silent, your listeners may not have noticed at all.

8. Concentrate on Your Message – not the medium – Your nervous feelings will dissipate if you focus your attention away from your anxieties and concentrate on your message and your audience, not yourself.

9. Turn Nervousness into Positive Energy – the same nervous energy that causes stage fright can be an asset to you. Harness it, and transform it into vitality and enthusiasm.

10. Gain Experience – Experience builds confidence, which is the key to effective speaking. Most beginning speakers find their anxieties decrease after each speech they give.

If the fear of public speaking causes you to prepare more, then the fear of speaking serves as it’s own best antidote.

Remember, “He who fails to prepare is preparing for failure – so Prepare, Prepare, Prepare”

Archived under Business Management Comments (7)

Elements of a Good Business Letter

The essentials which go to make up a good business letter may be divided into two classes – mechanical make-up, and contents. Before a letter can come into existence the mechanical side must be attended to. The subject matter may be pertinent and well composed and yet the letter itself be so arranged typo-graphically and so disposed on the page that the unity of the whole is lost.

The display as a whole should balance. Before the stenographer starts the address, calculation should be made as to how many lines the letter will run and as to how it should be disposed on the page. The body of the letter should neither be crowded near the top nor bottom of the sheet, but should be so placed that, viewed in connection with the letter head, it presents a well balanced and artistic effect.

This effect is often underrated, being in fact passed by without a thought by the average stenographer, and the ordinary business man is so busy seeing that his dictation is correctly transcribed that he gives little thought to this essential. Harmony of color effect should be observed. A yellow paper bearing the firm announcement in blue, the letter in green and signed with purple ink is not to be recommended.

Letters blurred in copying and wet from the press or otherwise violating the rule of neatness cannot help but produce an unfavorable impression. Orthography and capitalization, particularly of proper names, should be exact and uniform.

A misspelled word in the body of a letter, particularly if a mere transposition of letters in typewriting, may occasionally slip in and do no particular damage, but the misspelling of the name of the party addressed may lose an order, and cannot help but militate against the general effect of the letter. Neatness uncompromising neatness – that should be the first effect of a letter, giving the idea that the firm putting out the writing is thorough master of the minor (as well as the major) details of its business.

Contents

In letter-writing, contents may be divided into subject matter and expression. The subject matter is, broadly speaking, what the writer says. This should coincide with two other things:

(1) what the writer wants to say, and
(2) what the one addressed wants to know.

Something which is the a b c of life and a mere matter of routine to the writer in a certain line may be abstruse and complicated to a non-technical reader. To avoid an offensive simplicity of language on the one hand and excessive technicality on the other is one of the tests of a good business correspondent. There is a tendency to slight simple questions asked by different inquirers day after day, which must be avoided by putting oneself in the place of the one asking the question, and giving the knowledge for which he is looking.

One of the most, if not the most, important essentials of a good business letter lies in correct expression. The one thing which causes more failures in business correspondence than any other, is the incorporation of personal peculiarities in a letter. There may be called to mind, in fact, more than one established business backed by ample capital, having a broad field and financed by capable and conservative business men, that is at the mercy of a poor correspondent. This is ably expressed by Forrest Crissy, who says:

“So apparent must be the importance of this branch (tact and tone in business letters) of business systematization, that scarcely a word of argument is needed to enforce its necessity. Very recently a large whole-sale merchant said to me:

‘I have recently been obliged to discharge the head of my credit department – my confidential man. He is honest, conservative and shrewd, but recently I have been awakened to the fact that his incapacity to write a letter which does not leave a sting, a chill, or at least a sense of lofty indifference, is hurting my business more than would some downright reckless blunders. When he writes a letter granting a good customer a larger line of credit he gives it a twist that somehow makes that customer wish he hadn’t asked for credit and thus placed himself under added obligations. And if he refuses to meet the request for such a favor the refusal is so put that it seems a studied effort to conceal a strong unwillingness to give any credit at all.

Yet this man has always considered him-self an adept in letter-writing – and for a time he completely hypnotized me into that view. But at last the steady withdrawal of patronage and the occasional out-spoken retorts which his letters provoked forced upon me a recognition of the real condition of affairs. Then I went out after a man who could write a business letter that had just the right ring to it; that was neither so sloppy that it sounded hypocritical or so stiff and stilted that there was no tone of good hearty business friendliness in it.

I have found him. He comes high, but the difference in results is remarkable. Of course, there are other things required than this form of literary ability – that’s what you’d call it. He must have business experience, business judgment and all the other cardinal business virtues; but the addition of this peculiar capacity to write business letters that hit the mark is a rare gift and makes him a star man.’ ”

Simplicity and clearness as an element of expression cannot be rated too highly. The saying of a thing in the plain language of the common people, not only adds to the style and dignity of a letter, but has the most vital element of being understandable. As Chas. R. Weirs says, “Eloquence, either real or imaginary, has no place in a business letter.”

Whatever else may be neglected in writing, courtesy should not be slighted. A man may be told nearly anything face to face – it is qualified by the bearing, tone of voice, manner and earnestness of the speaker. A sentence may be given an entirely different meaning by a tone or gesture – it may even be diplomatically changed after partly spoken, to make it conform to the unconscious demand of the listener, and most of all spoken speech is transient. What is written, on the other hand, is put down in black and white to stay. The record is permanent. It can be offered in evidence, can be dug up years afterwards from a musty file, and discourteously written can queer, not only an immediate sale, but the sales of a decade.

Length

Letters often tend to verbosity from the fact that they are dictated instead of written. Were a man to write his letters himself with pen and ink he would study brevity and conciseness of expression, but having letters written for him, he will dictate more than he would write. Brevity is not always desirable. Some people – particularly those receiving few letters – like to receive lengthy correspondence. Getting few letters, they wish those long and newsy.

A letter is an event to some patrons and cannot be too long for a careful perusal. In this class of letters the party ad-dressed may be often appealed to in conversational style; as, “Judge of the goods yourself, Mr. Brown,” “We ask you, Mr. Smith, if we have not treated you fairly?” etc. At the other extreme is the business man, particularly the city business man. To him, brevity to the point of curtness is always welcome. As someone has alliteratively said, the formula for a business letter to a busy man is: Sir: Say it. Stop!

Judging the Other Man’s Letter.

One of the pre-requisites of a good correspondent is the ability, inherent or acquired to judge the general character and status of the writer by means of his letters. Until the last few years the letter-head of a firm was a considerable guide to the standing of the company putting It out, but good printing is now much more common and many one-horse concerns put out conservative, well-gotten-up stationery.

Ability to recognize the efforts of an amateur or schoolboy inquiring for a catalog with no intention of buying and to treat the writer accordingly, call for almost occult powers. The president of one of the large machinery companies putting out a cement mixer selling at $850.00, relates that one of the company travelers visited Detroit in response to an apparently good lead and found a twelve-year-old boy wanted a dozen cement mixers “to go into the mail-order business with.”

Some companies putting out expensive catalogs write a letter asking a doubtful inquirer to fill out an information blank before sending a catalog. The correct interpretation of the personality of a writer means the saving of dollars of expenditure as well as the ability to write him correctly. In a fire insurance concern employing hundreds of agents it would be easy for a manager to inform himself through his special agents as to each agent’s nationality, education, experience in the business, etc., and vary his correspondence accordingly, while a mail order house might have no means of judging a man but by his bare letter.

Form Letters

A form letter is one of a series of letters, to be sent on similar occasions. Such letters are usually in imitation typewriting with blanks left for the name of the party addressed, and when carefully executed are a close imitation of a typewritten letter. Form letters vary from those not to be distinguished from actual typewriting, to the stock letters of collection agencies, in which no attempt is made to imitate the machine. Some writers use a number of short forms or inserts which they use in dictating to avoid a repetition of dictation.

Letters of Recommendation

The promiscuous writing of letters of recommendation has done much to cheapen the effect of recommends. Many firms refuse such letters entirely. Perhaps the best plan is to have an employee, when leaving, use his former employer’s name as a reference.

Archived under Business Management Comments (54)

Why Plan Anything?

Is your business just surviving or is it prospering Plan Anything?

* Do you out perform your competitors or blame the weather, the “fact” they’re giving it away or your suppliers/bad luck/anybody you can think of when you lose a deal?

* Would you get married without Plan Anything?( I dare you!)

“In a buoyant market even the slow and infirm will survive Plan Anything. They will see only glory days ahead and have forgotten the despair of past losses. And so they continue as they are Plan Anything. The bland leading the blind. But the smart will Plan Anything and put a robust structure in place that out performs the market, with skills, values and vision which allow them to devour their inefficient competitors and emerge a stronger company for the experience”

Plan Anything is simply a means to an end, with the aim being to influence the future by acting in advance

. A good (even cunning) plan ensures that all key decision-makers have a solid understanding of the business, common fact base, and agree on important assumptions.

Even a good Plan Anything does not guarantee success,

but it does improve the odds when well done.

As far as business planning is concerned which of the following descriptions fits your business best?

1. Little or no formal Plan Anything- intuition

2. Financial Planing: budget based, strategy follows budget

3. Forecast-Based Planning: budget extrapolation with adjustment

4. Plan Anything: strategic issue focus; in-depth analysis of market, competitors and self

5. Strategic Management: widespread strategic contribution, debate, thinking. Strategic Planing and management as an integrated process.

Plan Anything

 

Archived under Business Management Comments (634)

Love What You Do…The Money Will Follow

I am a firm believer in living each day loving what you are doing. This philosophy has grown even stronger as I mature through life. As a young individual you are so concerned about becoming an adult and wanting the opportunity to have choices. Then you realize that with those choices comes a lot of responsibility. Sometimes we are ready for it and other times we are not. One day I woke up and realized I was exactly where I needed to be. How did I get here? By chance? Perhaps…most likely it was a variety of options, choices, and unknown guidance that lead me to this place. Sometimes we are not sure of where the path will take us, but that’s half the fun and craziness of being an entrepreneur. Who knows where you’ll end up? You have to be in for the long haul and know that the road will be twisting and winding. You may not feel in control throughout the process. Are you onboard? Or are you just standing along the side looking at everyone else? It’s time to follow your passion. Others may not agree or understand, but don’t let them control your destiny. Life is about choices…not doing anything is a choice. Is it the right one for you? Who knows? Take the leap of faith in yourself and see where your passion leads you.

I’m a strong believer that you have to enter business with a lot of passion for the business to be successful. If you are passionate about the things you love, then it comes through in everything that you do. Don’t think only of money. If you are passionate about what you are doing, then it is a natural element for the money to follow that path of passion.

If you won the lottery, would you still do what you are doing today? If the answer is “NO”, then you are not passionate enough about what you are doing. If the answer is “YES”, then you have passion. This is a question often asked in a group of professionals and it always amazes me when less than 1% are still standing after the speaker asks if the audience would do what they are doing if they won the lottery or if they didn’t get paid anymore. Most of them laugh and sit down saying “No way”. Not me…I’m included in that 1% that is still standing. I love what I’m doing. I have the best opportunity as I get to help other business owners be more successful. What more could I ask for?

I’m not naïve or stupid. I understand that money is important. Money is necessary for your business to continue and your family to survive, but that shouldn’t be your main focus. If it is, people will see that and be less in tune with you. I don’t want to buy from someone who is selling a product only to make commission. I realize they are going to make a commission. I want to know about the benefits of the product and how it is going to change my life. I want you to be passionate about the product or service you provide and that will be evident to me in the way you interact.

Are you Passionate? Ask yourself these 7 Questions to determine your level of passion:

Would you do what you are doing today if you didn’t need the money?

1. Do you wake up before the alarm, excited for the day?

2. Do you smile during the day or dread the next appointment?

3. Is helping others your main focus?

4. Do you feel you have a choice in what you are doing with your life?

5. Do you spend your days with people you respect?

6. Do you feel you have control of your own life?

7. Would you change your path if you woke up one day and no longer liked what you were doing?

If you answered “YES” to all of these questions, then it is a sign that you are passionate about what you are doing and I’m sure it shows in every step you take. You love what you are doing and feel blessed with each moment the day offers you. That doesn’t mean you won’t have your moments of being overwhelmed and stressed. That’s part of the package. The key is knowing that it’s all worth it.

If you answered “NO” to more than 3 of these questions, you better reassess what you are doing with your life. We only have one shot to make this life the best that it can be. Are you okay with the path you are on? If you answered “NO” to more than 5, then you are in serious trouble and it’s time to take control of your life TODAY! It’s never too late to start taking control and making this life the one you always dreamed about. It may not be easy, but it will be worth it. No pain, no gain applies here and it’s time for you to save yourself. No one can do it for you. Take control now…one step at a tim

Archived under Business Management Comments (25)

7 Sanity Saving Business Boundaries

The lack of strong boundaries is one of the chief causes of stress, overwork and overwhelm in the business environment.

Clearly set boundaries help other people to understand how you want to be treated. They are the rules, if you like, that apply when others deal with you and your business. Many of us aren’t good at establishing boundaries, something that probably stems from way back in our childhoods.

As children we are often taught that other people’s needs are more important than ours. That we should obey others without question. And we were rewarded for pleasing other people and sacrificing our own needs. Sometimes we do not set boundaries because we dislike confrontation or anger, or because we think we will hurt other peoples feelings. If this behaviour of putting ourselves last carries over into our adult lives, it’s likely to stop us from telling other people what we want.

The good news is that setting boundaries is a learnable skill, and one that can make a huge positive difference to the quality of your life.

The first step is to identify which boundaries you need to set. These seven are suggested for easing the pressure on you in your business life:

1. Learn to say no.

Don’t feel uncomfortable about saying no to an unreasonable request. If it is going to have a negative impact on you, or you don’t really want to do something, then just say no. And don’t feel as thought you need to explain why. After all, we don’t offer an explanation when we say yes.

2. Be clear about what you do and what you don’t do.

If something is outside the bounds of your normal scope of work, then simply say so. It is easy to get caught up agreeing to do unusual things or one-offs that take up a lot of extra time. Your time is valuable and you want to spend it accordingly.

3. When it’s OK for people to contact you.

If you get customers and suppliers calling you at all hours then you need to establish this boundary. You can take control in this situation by looking for a win-win outcome. For example, “I know that you would like to speak with me. Right now, I am spending time with my family. What time tomorrow can I call you back? I guarantee that you’ll only need to say this once, and people will get the message very quickly.

4. Payment terms.

If people aren’t respecting your payment terms you need to let them know that this is unacceptable. Be clear upfront about what your terms are (yes – actually advise new customers verbally), and consider using payment options that give you control. For example, the timing of credit card deductions and direct debits are controlled by you, rather than by the customer.

5. Working hours (Value your own time).

You are in control of your diary, not your customers. If you find yourself consistently working excessive hours, or longer than you want, then you are taking on more work than you can manage. Be honest about how long it will take you to complete the job. For example, “ I can start working on this on Wednesday, which means it will be ready for you on Friday afternoon”.

6. The way in which people can speak to you.

Some people use aggressive or abusive language to get what they want. You need to let them know that this isn’t OK. For example, “ I can see that you are upset. We do need to discuss this but I am not prepared to do so while you are angry. Let me call you tomorrow at a better time”.

7. Pricing.

There are times when we are happy to provide a discount -to valued and regular customers. At other times we can just get talked into it before we realize what has happened. Be very clear in your own mind about the circumstances in which you are prepared to drop your prices, and those in which you are not. And just stick to your guns. You’ll find that most people are just trying it on to see if it will work.

The bottom line in setting boundaries is asking for what we really want. There is no need to defend, debate or over-explain your boundaries. If questioned, simply say something like “it’s a business decision”. When faced with resistance, repeat your statement or request. Stay strong. If you give in, you are inviting people to ignore your needs.

Each of us has a right to set boundaries. . While others may not always get what they want in the short term, you will garner more respect from them and for yourself by standing up for your needs.

Archived under Business Management Comments (16)

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