employees

Why your current employer could be you #1 Customer

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One of the biggest roadblocks for many “Want-trapreneurs” looking to launch a service based business (or any type of business for that matter) is maintaining their current income base.   It’s hard to leave the security of a guaranteed salary, health insurance, paid vacations and the almighty 401K, I get it – I’ve been there.

When I sit down to coach people who are living in limbo land   – the land of “I really want to be out on my own” BUT “I need to still make 6 figures”.

I first address the need versus want.  What many perceived as a necessity is simply a want that can be given up.  It’s no secret that many of us live far richer than we need to – everything from the $5 daily allotment of coffee to the big house and the fancy car to eating out 3x a week.  When you really track what you are spending your money on, you quickly realize there is a lot of fluff.  You need a roof over your head, basic utilities paid and food on the table, access to health care (don’t get me started on this one) – in other words, you NEED the basics, you WANT the other stuff.

After we create that need budget we come down to what type of salary is vital for your existence.  I’m not saying you need to sell your car and your house and go live in a tent, but I do force people to be realistic.  The more fat you cut, the less money you need to leave your 9-5 and go out on your own.

Once this is out of the way – I dive deeply into their current situation.  I often find many people really love what they do, they like who they work for but they have an “itch” to go out on their own. They want to have control over their destiny and work for themselves versus someone else.  They’ve done a great job, have aced their reviews but there is just something missing.

If you want to start a consulting gig that aligns with what you are currently doing in your 9-5 job, your #1 big prospect should be your current employer.  Many, not all, will embrace the concept.  They get to keep great talent at a reduced cost – no longer paying taxes and benefits.  It will also help them bridge the gap until they find a replacement if indeed they decide to do so.

I usually suggest to my clients that they flesh out their idea with some smaller clients that aren’t their employer to ensure they have refined their process before the ultimate pitch and the resignation letter. Some employers frown on or forbid a side hustle, so make sure you know the rules because the last thing you want to do is burn a bridge.

The bridge theory works, I’ve done it and I’ve helped others to do the same.   There’s a bit more to the process than a 500 word article can articulate, but you get the picture!

Why your current employer could be you #1 Customer Read More »

Marketing – it\’s a TEAM effort!

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As the saying goes – there is no “I” in TEAM. I wish the word Marketing didn’t have an “I” in it so I could carry the saying over – but I think you know where I’m going here.  You can spell team using the letters in Marketing though! Marketing is a TEAM effort – that is, if you want to have the biggest ROI (Return on Investment).

About the TEAM in MARKETING.  I get some pushback on this, especially if I have a client paying me to handle marketing for them, or if they have an in-house marketing person or group.  Why do the rest of the employees need to be involved – what gives?

In fact – a lot gives. Here’s why.

  1. When you build a culture of inclusion making everyone part of the process and therefore the story, magical things happen.  It creates a powerful place of employment, more importantly, the team not only drinks the proverbial Kook-Ade – but they also share it.  WORD of MOUTH Marketing is powerful.  When employees brag about your brand – what does that say about you?  Ps – A Lot.
  2. You get the REAL STORY. Back to #1.  When you have team members posting work selfies on Instagram, Facebook & Twitter – or FB or Insta Live videos they tend to get far more engagement and will tend to become viral over a standard – hey here’s what we do post.  More importantly, you are getting a behind the scenes look at what makes the company tick aka “The Real Scoop”.
  3. Your buyers don’t want to be sold to. When you get that real behind the scenes story, buyers can see what’s real and then make a decision based on that reality.  Far more powerful than an advertisement telling someone why they should buy from you.
  4. The team includes your customers! We all strive to have brand evangelists, so why not encourage your employees to find those evangelists and engage with them on social.  Salespeople are your ideal target for this since they are often client facing – or perhaps even a service team.  Having an employee and a happy customer in an Instagram Story or in a picture on Twitter is PRICELESS!  You can’t beat that kind of advertising.
  5. Consistency, Authenticity, and Transparency. The holy grail of marketing.  When you have your team involved this becomes far easier.  You will have more engagement, you will see the real behind the scenes story from real people – not actors, not stock photos and not a stagnant social feed or website.

So….that’s why I encourage CEO’s to have a flexible yet monitored social media policy.  Yes, you have to have training and controls especially in compliance driven fields such as healthcare, financial services, and insurance – but trust me, it can be done and done well.

That’s my story, I’m sticking to it.  Go Team is the answer to this one. 100% hands down a winner!

Marketing – it\’s a TEAM effort! Read More »

Marketing – it\’s a TEAM effort!

Leave a Comment / Featured, Finance, Fun Stuff, Healthcare, Insurance, Marketing, Must Read Blogs, Sales, Small Business, Uncategorized / By / / , , , , , , , , , , , , ,

As the saying goes – there is no “I” in TEAM. I wish the word Marketing didn’t have an “I” in it so I could carry the saying over – but I think you know where I’m going here.  You can spell team using the letters in Marketing though! Marketing is a TEAM effort – that is, if you want to have the biggest ROI (Return on Investment).

About the TEAM in MARKETING.  I get some pushback on this, especially if I have a client paying me to handle marketing for them, or if they have an in-house marketing person or group.  Why do the rest of the employees need to be involved – what gives?

In fact – a lot gives. Here’s why.

  1. When you build a culture of inclusion making everyone part of the process and therefore the story, magical things happen.  It creates a powerful place of employment, more importantly, the team not only drinks the proverbial Kook-Ade – but they also share it.  WORD of MOUTH Marketing is powerful.  When employees brag about your brand – what does that say about you?  Ps – A Lot.
  2. You get the REAL STORY. Back to #1.  When you have team members posting work selfies on Instagram, Facebook & Twitter – or FB or Insta Live videos they tend to get far more engagement and will tend to become viral over a standard – hey here’s what we do post.  More importantly, you are getting a behind the scenes look at what makes the company tick aka “The Real Scoop”.
  3. Your buyers don’t want to be sold to. When you get that real behind the scenes story, buyers can see what’s real and then make a decision based on that reality.  Far more powerful than an advertisement telling someone why they should buy from you.
  4. The team includes your customers! We all strive to have brand evangelists, so why not encourage your employees to find those evangelists and engage with them on social.  Salespeople are your ideal target for this since they are often client facing – or perhaps even a service team.  Having an employee and a happy customer in an Instagram Story or in a picture on Twitter is PRICELESS!  You can’t beat that kind of advertising.
  5. Consistency, Authenticity, and Transparency. The holy grail of marketing.  When you have your team involved this becomes far easier.  You will have more engagement, you will see the real behind the scenes story from real people – not actors, not stock photos and not a stagnant social feed or website.

So….that’s why I encourage CEO’s to have a flexible yet monitored social media policy.  Yes, you have to have training and controls especially in compliance driven fields such as healthcare, financial services, and insurance – but trust me, it can be done and done well.

That’s my story, I’m sticking to it.  Go Team is the answer to this one. 100% hands down a winner!

Marketing – it\’s a TEAM effort! Read More »

Client retention issues? I bet I know why.

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I often get calls from business owners telling me they need marketing because their sales have “dipped”.   I dig a bit deeper asking questions about why they think revenue and retention have dropped.  I get the following:

  • My competition is eating me a live
  • I need better employees
  • My customers don’t value me like they used to
  • I’m not competitive anymore
  • No problem – I just need marketing!

When I get these type of responses, it’s the red flag zone for me.  99% of the time there is a deeper issue and marketing is the last thing they should be focused on right now.

My next step is to head to their office – I want to be there first thing in the morning when employees are showing up.  I want to just watch, listen… and learn.  What I typically find is an unhappy situation, a morgue with Stepford Wife type employees who fake being happy there.  Where’s the boss?  In his/her office drinking coffee, with the door closed.  It’s Monday and there is work to do.  The Grind. The Misery.

In my line of work, the #1 reason most companies fail to thrive is due to their culture and the lack of a leader who understands the importance of TEAM.

When you hire the right employees into the right culture with a leader who embraces a culture of learning and mentoring– your customer experience will soar.

It all comes back to the Core Values of the company – the driving principals. The Ten Commandments – it’s how you act internally and how you project yourself externally.  When there is a disconnect with the Core Values of the owner and those of the employees – it becomes a hot mess and those dissatisfied employees become a cancer – which then trickles down to the customer experience.

If your retention and revenues are dipping – please take a hard, holistic look at your business and ask WHY.  WHY are customers not sticking?  It’s rarely because of price or your competition – it’s because of their experience with you and your brand. They left because they didn’t feel the love and someone else was loving them more than you were.

Employees matter.  Culture matters.  Most importantly, how your employees express your culture to your customers matters.

Until you fix this – don’t spend a dime on marketing. You are tossing dollars out the damn door.

Client retention issues? I bet I know why. Read More »

Working from the Road – Remotely!

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I’m penning this article while sitting riding in my RV through the hills of West Virginia enroute to Kentucky. I’ve created a work scenario for myself that allows for this type of flexibility. “Back in the day”, very few people could work remotely unless they were writers and had typewriters, a travel luxury. Today, more and more companies/organizations are allowing their team to work from virtually anywhere. Now, as Jenn at Red Barn would say, it’s not all roses and unicorns this remote world I live in – but, it’s pretty darn close. Why I LOVE IT

  • I work on my time. In the end, as long as all the work gets done and clients are happy, does it really matter when the work gets completed or where? Absolutely not. In fact, I am far more creative when I’m not sitting in my office surrounded by stuff. Put me in my RV (I wrote 4 magazine articles this morning before 10 am), or outside in the woods and I’m creative as all get out!
  • Change of pace. Going back to the creative piece, sometimes different scenery can inspire or the lack of the stifling office piles of papers (well in my office anyway) gives you some freedom to think better. For me, getting away always improves my work output.
  • My team is huge, costs are low. I can have employees all over the world and I don’t have some massive brick and mortar to pay for. I can also give my clients a more competitive rate and pay my employees more and even offer them more perks.
  • My employees are happy. Happy employees mean happy customers means happy business owner. If one of my team members wants to take their laptop and go sit at a park for the day, they go. The only “No” is if there are scheduled staff meetings or meetings with clients. Although we’ve been known to have more than one meeting outside or even via Skype.

The Challenges

  • Sometimes you miss people. Now today, I’m in the RV with Dave – so I have people! But there are days when I don’t have any client appointments and I’m just tired of no human interaction. Same with my staff – good news is we are all conscious of that challenge and work with it. We may all get together at my house or all grab lunch – just for some humanizing!
  • Staying Organized. Big challenge for me, not my forte but I force myself. Between project management tools, lists, and cloud based everything, I seem to keep it together. You must embrace technology if you want it to work though.
  • Not everyone is a good remote worker. I learned this the hard way when hiring my team. I’ve learned that some people just love a cubicle (Gasp – not for me at all!).
  • Discipline. You should be disciplined working remotely – especially for me in the RV! I set work time and stick to it. But once my work is done – I’m done, I don’t sit in front of my laptop from 9-5 because I’m supposed to.
  • Getting away from work. When you don’t go to an office, your office follows you around. My discipline challenge is not working all the time vs. not working enough! At home, I leave my office and don’t go back in. The RV is a bit more challenging! I put away my laptop and papers into my bag and that’s me closing the door for the day.
  • Security. Making sure our data is secure in multiple locations has its challenges, but we just have processes to ensure we are internally compliant! So far (fingers crossed) we’ve done very well!

Business owners who allow their team to try working remotely might be pleasantly surprised of the outcomes! Happier employees, better productivity and increased revenues!

Working from the Road – Remotely! Read More »

If You Can’t Keep Top Talent, It Could Be Your Culture

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You posted the perfect job ad, read through dozens of resumes and narrowed them down. You shortlisted some great candidates, interviewed them, and found a standout applicant — You knew they could take your business to the next level. So you hired them, with high expectations and excitement for the future.

Six weeks later, they’re in your office with a resignation letter. Through your disappointment, you ask “Why are you leaving?” They respond “I’m not sure I’m a good fit.” Translation — Your company culture might not be working, and you need to do something about it.

What is company “culture?” Lots of experts talk about company culture, but what does it actually mean. Think of it as the “default emotional state” of your company. It’s how working in your business makes people feel. Does their business environment excite, motivate, and inspire them? Does it feel oppressive and authoritarian? Does it present the right mix of challenges, problem solving, and support?

Why does culture matter? Culture matters because it has a huge impact on how your people feel. It impacts morale, productivity, hiring, quality of work, autonomy, and so much more. In fact, the better a company’s culture, the more it contributes to your bottom line. The University of Warwick found that, “Happy workers are 12% more productive than the average worker, and unhappy workers are 10% less productive. In fact, unhappy employees cost American business over $300 billion each year.”

Ask your employees what they feel the current company culture is. You probably already have a pretty good idea of how the company culture feels to you, but you need the perspective of the people who really matter — Your employees. If you’re concerned about your culture, talk to your people about it. Discuss it in one to ones, let them know that whatever they say is fine. Don’t assign any blame — Listen, and understand.

Understand where your company culture comes from. Lots of things go into building a company culture, but the main one is this — It mainly comes from the people at the top of the business. If they’re exciting, inspiring, and approachable, the culture will be too. If they thrive on conflict and authority, that will permeate down through the business. It’s called Leadership and you need to lead from the top down.

That means if you want to change the culture and make your business an awesome place to work, change has to start in the leadership team. It’s a bitter pill, but a necessary one.

Talk to your team about what they want the culture to be. Once you understand how your staff currently see your company culture, and where it comes from, you can work to change it. Talk to people about what their ideal company culture looks like.

What would motivate them to enjoy coming to work more? What changes do they want to see in attitude, approaches, and management styles? How can you make doing their job easier and more pleasurable? Listen to all of it. No-one knows how to improve culture better than your people.

Create a plan. Now you know what your people’s priorities are, you should get a plan in place to change things. You’ll need strong commitment from your leadership team, a project manager who deeply understands culture change, a project team who can get things done, and a review and feedback group who can check actions are having the desired impact.

Actions you can take might include:

  • Improving employment perks — Give your employees the right benefits — Healthcare, time off, retirement planning etc.
  • Give employees control over their time — The ability to work from home, a sensible work / life balance, autonomy to work how they want.
  • Build confidence and trust — Encourage an “open door” policy, positive feedback, and collaboration within and across departments and teams.
  • Provide a better working environment — Relaxed, informal break spaces, a flatter management structure, a relaxed working environment, fun team events and parties.

Enhance your culture. And now, it’s a case of just getting that stuff done. Make changes to your culture, get metrics in place to measure success, track how you’re progressing, and see employee morale and productivity improve.

That way, the next time you spend thousands of dollars on hiring and training, you’ll have the reassurance that your employees are more likely to stay, and your company is likely a “good fit.” And that’s great for everyone.

If You Can’t Keep Top Talent, It Could Be Your Culture Read More »