fail

Devil’s Advocate – Why You Need One

You might think that a Devil’s Advocate is a bad thing, but it’s one of the best things for your business. Let me explain.

Scenario: A new project or service is being developed and a core group of people are going to be working on it. Sometimes the idea is the brainchild of a boss or department head, and they hand pick their team to work on it. They don’t accept ideas from outsiders, and they are certain it’s going to be the next best thing since sliced bread.

Outcome: They spends time, energy, and even company money to implement the idea and NOTHING CHANGES, or THINGS CHANGE FOR THE WORSE. They get some horrible feedback from clients, etc. Then you start to hear the grumblings from employees saying they knew it was a bad idea or that it wouldn’t work, or they would have done it this way, etc.

When you have a small group of people working on one thing over a long period of time, they develop the same perspective on what is going into the project or what is being taken out. They are all dedicated and loyal to what they are working on, but when the time comes to launch it, they are expecting, whether they realize it or not, for everyone to feel exactly the same way.

Sound familiar? It happens everywhere, and it doesn’t matter if the reason is that the people are too like-minded, or that the boss or leader of the project just won’t listen to anyone, or if the employees are just “yes people” and don’t want to rock the boat or put any extra energy into thinking about the idea. Regardless of the reason, it can be crippling for your business.

The idea of a Devil’s Advocate might sound really negative, but it’s not, well, not if they have the right mentality. As long as they aren’t focusing on just the bad things (a Negative Nelly), and they can offer some alternate ideas instead (they come with solutions, not just pointing out the problems), and they spark others to think outside the box, then having a Devil’s Advocate on your team is a win-win.

Here’s the tricky part though, the big cheese needs to be willing to listen. We’ve had several clients over the year say that they need a change, they are open to new ideas, etc. BUT at the end of the day, they just didn’t listen. They would buck every new idea with why it wouldn’t work, they wouldn’t get their team excited about the new ideas, or they would agree to the idea but then 5 minutes later, they are off on their own path again creating chaos.

How do you know if a Devil’s Advocate (DA) is successfully doing their job? In all actuality, it should be subtle. There should NOT be huge disagreements, people stomping off getting angry, or a project being put on hold until people cool off. A DA just responds to ideas by asking more questions. They ask What If scenarios. They offer some suggestions on doing things different – would it have the same or better outcome. They spark others to think about the actual cause and effect. Their job is to get everyone thinking. If everyone agreed all the time with the first idea that came up, I’m pretty sure we’d still be in the Stone Ages.

It’s how Cindy and I work daily. She might be the one who still signs my paycheck, but if I just Yes’d her on every idea, piece of content, or strategy, I’d never be challenging her or myself. It’s not about being difficult or pushing back, it comes from a place of love and knowing that maybe if we dig a little deeper or consider a different angle, something GREAT will be born instead of something that’s just OK. Now, we make sure we are always moving forward, because progress should never stop, but taking time along the way to make sure we are still doing it the best way at the moment is crucial.

Do you have any great Devil’s Advocate stories, please share, I’d love to hear them? Comment below or send me an email at jenn@staging.redbarnconsultingllc.com.

Devil’s Advocate – Why You Need One Read More »

10 reasons businesses fail

I’ve owned a few businesses in my day. Some have failed, some have been (and are) successful.

The failing part sucks – no doubt about it. You never enter a business thinking it’s going to not be there in a year or two – kind of like a marriage.  But it happens.

Here’s what I’ve learned from my own failed ventures and from the myriad of business owners I’ve worked with over the years.

  1. Business Partners. When they work it’s beautiful. When they don’t, it can be an ugly divorce in the making.  Just like a marriage, you need a partner who has the same core values, the same vision, yet you need to complement each other.  There must be trust, transparency, and all partners need to be on the same page when it comes to running the business.  Have a partnership agreement that details who is doing what and how everyone is getting compensated.  Trust me on this one.  Many businesses fail because the partnerships fail.
  2. Capital. You need money to survive.  Cash is still King.  If you are thinking of going out on your own, you need to have cash in the bank for at least a year and/or some VC money to infuse into the business.  Without capital, it’s hard to grow.
  3. 3 P’s. Policies, Process & Procedures.  You can’t wing it.  Have a process. Adjust as needed.
  4. Cabinet. Lawyer, Accountant, Tax Advisor & Insurance Broker.  Don’t ever skimp on these – Ever.  Don’t think DIY is a smart idea – it never is.
  5. Clear WHY. You have to be crystal clear on your vision – your WHY. What are you bringing to the market? Why should someone buy from you?  What is your unique value prop?
  6. It has to be a viable business. Not all great ideas are viable businesses. Do the market research and test.
  7. The need for perfection. Go to market. It will never be perfect.  Do 1-6 – that’s just smart business, but go to market even if things aren’t perfect.  Your website doesn’t have to be the grand vision you have – it can be 1 page.  You don’t need a staff of 100 – start with 1, etc.
  8. Hire the RIGHT people. They need to fit into your culture and see your vision. Resumes and skills are second to their core values.
  9. You need to change with the market.  Innovate or die.
  10. Ethical. Now you’ll say there are a ton of unethical business owners who are making millions.  True, but they won’t survive the long haul.  Besides, do you really want to be that person?  Do the right thing.  Karma is real.

My first business failed miserably and cost me dearly.  The reason was #1, #4, and #10 (on my partners’ end).  It was a mess.   If you are thinking about heading out on your own. Call me first – I can save you a ton of headaches!

Cheers to us Entrepreneurs!

10 reasons businesses fail Read More »

When salespeople fail, it might not be their fault

Being a salesperson is a tough job. Trying to convince the public they really need a product or service is very challenging, and with a cold-call conversion rate some way below 1%, it’s (very) often a thankless task.

You don’t shrink from a challenge though, especially when your business needs to hire great salespeople to survive. So, you read up on hiring theory and practice, read endless resumes, conduct interviews, and hire candidates who are so red-hot their personalities could power small towns.

Three months later, and they’re not exactly living up to expectations. Their conversion rates are the pits, their pitches are more like strikeouts, and the client list you dreamed of is just a wish list. You were told to hire for attitude, and everything else would follow, just what went wrong?

Here’s the truth, and it’s an uncomfortable one — It may not be down to your salespeople. At all.

It’s easy to assume that if you aren’t making sales, it’s your salespeople at fault. In fact, much of the time, it’s the systems, support structures, and training that determine how successful your salespeople are. If your people are failing, explore these areas and see if the problem might lay elsewhere…

Your prospects lists – A salesperson is only as good as the prospects they have access to. Do you have a superb, highly converting prospect list? Do you have the Glengarry leads? Option 1: Spend some time, effort, and money to acquire high-quality, cleansed prospect lists and your salespeople will thank you. Option 2: Work with your team to develop a solid prospecting system using LinkedIn, networking group, associations and centers of influence. Option 3 – a Combination thereof.

Your sales system – Does the software you use to track leads and sales support your salespeople? Is it easy to access from everywhere, does it give them information at their fingertips? Ask your salespeople what they think of the software and how it could be improved. PS – Post it notes do NOT count as a CRM tool and frankly neither do spread sheets.

Your sales process – Your sales process is about more than just the software you use. It’s all of the admin, handoffs, interactions, and other hoops salespeople need to jump through to get things done. If your sales process isn’t as efficient as possible, it can massively drag down your sales numbers. Look at every part of your sales process to see if it could be improved. BTW – all sales systems and processes should be written in manual format and managed to. Sales is indeed….a process whether you are selling widgets or wombats the process is essentially the same.

Your training – Great salespeople are made, not born. Yes, they need to have the right attitude, but they also need the right skills. That comes from training. Provide training on your products and services, the psychology of selling, negotiation skills, and whatever else your salespeople need to become experts. Training needs to be ongoing – it isn’t one and done. During your weekly sales meetings (yes you need them), have debriefs on accounts won and more importantly on accounts lost. What can the team learn?

Your incentives – People need to be incentivized in the right way. This isn’t just pay and salary, it’s opportunities for career advancement, providing constructive feedback, having a good work environment, and ensuring your employees are cared for. Can we say equity? Many salespeople have an entrepreneurial spirit – at least the top dogs do. If your company structure allows for it – why not offer some equity based on performance?

Your management – Is your management process as streamlined as it could be? Remove as many layers from management as you can and give your salespeople more autonomy. Assign well-performing salespeople as mentors to help teach new hires the ropes.

If you’re able to tweak and improve some or all of these areas, you’ll start to see big improvements in conversions and sales. Spend some time, effort, and money on these vital functions now, and you’ll create better equipped, motivated, and trained sales reps who can sell more stuff!

When salespeople fail, it might not be their fault Read More »