business blueprint

Build a Better Business Blueprintstring(33) "Build a Better Business Blueprint"

Take the time to re-examine your business blueprint biannually.  It is important to not only set your goals for the year but to review those goals in six months and take action to refocus yourself on these goals. Plus, I recommend that you look at why you’re doing what you’re doing. Why you do what you do is more important than the actual doing of it.  You may think you know why you’re in business, but perhaps it’s been years since you gave it serious thought.

Ask yourself the following questions to create a blueprint for a successful business strategy. Do not rush the process. Take the time needed to write your answers and really dial in to your business mission and personal vision when answering these questions.

What is my business mission?

Beyond simply making a living, what are my long-range professional goals? Do I wish to become the standard by which my competitors are judged? Is it my dream to help make the world a better place?

Where is my organization going?

Am I achieving my mission? Am I making plans to accomplish it? How can I change policies, procedures or personnel to improve my chances of achieving my mission?

What environment is my organization operating in?

Are the current social, economic and technological trends effecting the way I do business and my progress toward my goals?

What is my marketing strategy?

Do I have a social media plan to support my business and do I manage this plan well? Is it time to get someone to assist me with this?

What are my core competencies?

Do I like to do what I am doing? What is it that I do better than my competitors? Do I have the skills to grow my business or do I need to hire someone with these aptitudes?

Is my business blueprint mission compatible with my values?

I’ve seen too many business professionals and companies make the mistake of trying to be all things to all people. Starting out with the fundamentally sound goal of finding a niche that will make them successful, they go astray by changing direction every time a customer or associate suggests a new product or service. The mission gets lost in a frantic scramble for business before the original idea ever gets a chance to pay off.

So, even if you think you know your mission, it will serve you well to pause periodically, analyze your business blueprint and, if necessary, refocus on your mission and philosophy to stay on track. Share which of the above questions you struggle with most in your business. We are here to help you to stay on track.

Love Is Just Damn Good Business

Love Is Just Damn Good Business – Ivan’s Inner Circle Interviewstring(75) "Love Is Just Damn Good Business – Ivan’s Inner Circle Interview"

Join me as I join fellow Transformational Leadership Council member and friend, Steve Farber, to discuss topics from his book, “Love is Just Damn Good Business”. Steve is one of the best speakers I’ve seen on the stage.  His message is both surprising and impactful about focusing on finding love in creating a damn good business.

According to Steve, “Love is what leads to customer loyalty, it’s what leads to word-of-mouth and growing your organization.”

I think this advice is spot on. If your customer relationships are held in as high regard as the service you provide, you can only benefit. Customers want to love you-they want to trust and believe in you, which are foundational building blocks of love. Focus on building those blocks with the goal of creating loving, loyal customer relationships, and you’ll create a strong reputation that will hold up in the business community.

His game-changing approach to love as a practical business strategy will help you to:

  • Identify your passions and share them with others
  • Create a culture of love at work and spark innovation, productivity, and joy
  • Serve your customers, so they love how you treat them and have them coming back for more
  • Invest time in making personal connections that are mutually rewarding
  • Focus on serving the needs of others they’re going to love it
  • Do what you love and make it your business, so others love it, too

Love Is Just Damn Good Business,” is one of my favorite books and I am looking forward to these interviews with Steve. We are going to host three different sessions so it is convenient for everyone to join us:

Monday, December 9th at 10:00 AM / 4:00 PM / 11:00 PM (Eastern Standard Time)

Click here to register: SteveFarberWebinar

Steve Farber, the founder of The Extreme Leadership Institute, is a popular keynote speaker and leadership expert. Steve’s been featured on my blog before. He’s the bestselling author of The Radical Leap, The Radical Edge, and Greater Than Yourself. Learn more about Steve on his website at stevefarber.com

I hope you are able to make one of our sessions as I know this will prove to be a great use of your time.

“Can't do” or “Won’t do”

Helping others depends on either a “Can’t do” or “Won’t do” answerstring(82) "Helping others depends on either a “Can’t do” or “Won’t do” answer"

Whatever the issues are that are holding someone back, focus on a constructive approach. If you ask them, “How can we help you?”, their answer will always be either a “can’t do” or “won’t do” answer. The person will either explain why they are having difficulty with the situation because they don’t know how to address it effectively, or they will give an answer that illustrates that they don’t really want to do this for some reason or another.

How to handle a “Can’t do” answer

Once there was a printer that was dead last on P.A.L.M.S. report in a local BNI group. We did not tell him that he was dead last. Instead, we asked him, “How can we help you?” His response was that his print shop was new and he admitted that he did not understand networking. This is a classic “Cant’ Do” response. It is our job to teach them because we were all a “can’t do” when we first started networking. We all make tons of mistakes. When someone says they can’t do something, they are open to being coached. It is our job to teach them.  If we were just negative and told the printer he was dead last, he would have quit. Instead, if we pour into them and help them, they become champions in BNI.

Where the clients come into the lobby area of the print shop, we recommended that he put up a sign where everyone could see it with slots for the BNI members’ business cards. He was instructed to get 20 copies of everyone business cards to fill sign with only the cards from BNI members. When someone took a card, they were told to say that Bob’s printing referred you. If someone not in BNI wanted to give him their cards for the sign, the printer was instructed to invite them to the next BNI meeting instead. True story! Nobody just took a card and left. They asked Bob his opinion on each of these. He gave a testimonial with everyone he had cards for. He went from last to number one in giving the most referrals. He went from being embarrassed to the top referral giver within 6 months. He was the winner of the year. He now loves BNI. We changed his business by coaching him.

How to handle a “Won’t do” answer

In this example, they give excuses: it’s too difficult… they are busy…I’m different. With a clear-cut “won’t do” answer, if you open the door for them they will leave on their own. I recommend saying, “I understand your frustration, it is ok to leave the group, feel free to come back if things change”. However, if you kick them out, they will become defiant and negative towards BNI. They blame the chapter and claim it is everyone fault. Therefore, if they don’t save face, they will fight you all the way. On the other hand, they don’t hate you if you give them the option to leave in a positive manner.

Here’s a suggestion. On rare, rare occasions – when someone is a “won’t do” but they don’t want to leave.  Tell them you appreciate their involvement and that you’ll throw them a “retirement party”. OK, not a real party – but recognize their past participation in the group and thank them for their involvement. This should be done rarely but it allows them to save face and leave. With this advice, you can cut down the percentage that will require a tough conversation by 90%. Then, only 10% of the time you need to have the tough talk about opening their classification and not renewing their membership. You want to be invested in their success, yet cut them loose when needed.

Being a member of the group is not enough.  If you are not contributing then why are you there? Being complacent is what I call a “MINO” (Member In Name Only). How can we help you to get more engaged? How can we help you to… bring more members? …bring more visitors? …bring more referrals? Whatever the issues are, just ask, “How can we help?” Their answer will tell you if you can help them.

HIDWAL

I Hit HIDWALstring(12) "I Hit HIDWAL"

In Good to Great, Jim Collins opened up a whole new paradigm for many people.  He showed us that “bad” is not the enemy of “great.”  “Good” is the enemy of “great.”  Everyone can recognize when something is really horrible.  It is, in fact, “good” that is the enemy of great performance.  We’ve all heard the expressions: “it’s good enough,” “things are ok,” “it’s not bad,” “we’re doing alright,” “hey, it’s good enough for government work, right?”  This is metastatic mediocrity at work.

I love what I do, and I am passionate about helping people improve their businesses and their networking efforts to achieve success.  While doing this, I sometimes come across people who would like to be more successful, but they aren’t really committed to making a change in their circumstances.

They have what I would call a success disconnect.  They want to be more successful, but for some incomprehensible reason, they don’t see a connection between their desire for success and the behavior they are embracing.  On one hand, they say they’d “like to be making more money,” but then a few moments later they’ll say things which indicate that they are uncomfortable making the necessary changes.  Take my absolute favorite success disconnect statement: “You don’t understand, Ivan; this won’t work here because…” then fill in the blank with the excuse de jour. Over the years, I’ve found that “good enough,” eventually leads to “metastatic mediocrity.”

I call this condition the “I HIT HIDWAL Syndrome,” or:

I’m

Happy
In
This

Hole (and)
I
Don’t
Want
A
Ladder!

You may be reading this and thinking, “this is a crazy statement” – but give it some time.  I promise, you will be out talking to someone in the future, and you will hear them complaining about their circumstances.  You will then offer them a referral to someone with ideas that will help them, or you may give them some ideas of your own that could help them, and they will tell you all the reasons those ideas won’t work for them.

At that moment – I want you to STOP and think about this article and envision a great big sticker on that person’s forehead that reads: “I HIT HIDWAL.”

Yes, I’m Happy In This Hole (and) I Don’t Want A Ladder!

Now you and I both know that they may really “need” a ladder – but they just don’t “want” a ladder. My entire professional career has been dedicated to those who want a ladder!  I want to work with people who recognize they are in a hole and they want out.  I have also learned over time that when it comes to taking advice – some will, some won’t, so what!  Not everyone is in the place where they recognize they even “need” the ladder.  Before they can “want” it, they need to recognize they “need” it.  If they don’t recognize they need it, then offering them help (or a ladder) will be of no use whatsoever.

I’ve also learned that I can’t help the ones that think the “hole” is the natural state of things.  These are people who’ve become comfortable with where they are and have become so accustomed to the great big hole they reside in that they think it’s just part of the landscape.

I can, however, help the ones who recognize their condition and know they want out. More importantly, they not only want out of the hole they are currently in, but they will do just about whatever it takes to get themselves out of that hole! We can only help those who are ready and willing to be helped.

As an entrepreneur in your profession, you will meet people that need your help all the time.  My advice to you is: figure out if they’re ready for the ladder.  If not, let them know you’re ready for them when they’re ready for you, and then move on to someone who desperately wants that ladder you’re going to send down to them.

Good is the enemy of great.  Look around.  Are you in a hole? Do you know people in a hole?  There’s a way out.  I promise. Find someone who can be a mentor and a coach — even a “virtual mentor” in books and videos. Find someone with the ladder that is needed to get out of that hole and start climbing out to success.

Why accept mediocrity when excellence is an option?  Excellence is an option.

What is a Lifestyle Business?string(29) "What is a Lifestyle Business?"

LBSSummit_IvanMisner_FBWhat defines happiness and success? Everyone has a different answer, but I can tell you one thing that most would agree on: money does not solely define success and certainly cannot buy happiness.

I recently had the opportunity to speak at the LifeStyle Business Summit, hosted by Michelle Villalobos. In telling her own story, Michelle said she was climbing the ladder like we all do, but when she examined her life, she in fact wasn’t happy–and so she left to find her own path to fulfillment. She started her own business, making upwards of $300,000 a year–which society tells us should make a us happy–but that as time went on, she had actually become what she disliked most in people and became the boss she herself had always feared. She never gave herself any breaks or time off, and sacrificed her own happiness and health for a corporate lifestyle.

Two years went by and then Michelle realized she had to make a change in order to find true happiness. She wanted to run a business that revolved around her life and contributed something positive to the world–and she did, by changing her perspective, her business model and her definition of success. Michelle calls her new business model a “lifestyle business,” a term which I found fascinating as it resonated with some many of the concepts I talk and write a.

In a lifestyle business model, you have to determine which things are satisfiers and which are dissatisfiers. Keep in mind that while money can be a quick satisfier, it often doesn’t lead to long-term happiness. Long-term satisfiers can be things like opportunity, recognition and working in your flame (finding you passion.) I’m a real believer in following your passion and finding things that are new and innovative within that passion to keep the flame burning. Dissatisfiers include things like working in your wax (not doing what makes you happy), climbing the ladder and yes–even money.

A great example of this theory is a school teacher. A man or woman doesn’t become a teacher to make money, but to make a significant change in the world around them. I’ve known Wall Street executives who made millions, but admitted that their life was hollow.

I strongly encourage you to join me at the virtual Lifestyle Business Summit on August 11. Register here to not only hear me, but several other top business and lifestyle experts talk about finding what truly makes you happy in your professional life.

 

 

 

Red Nose Daystring(12) "Red Nose Day"

What better what to celebrate a normal Thursday, than by putting on a red nose?

Trust me, it’s for a good cause–no–a GREAT cause.

Red Nose Day brings awareness and fundraising efforts to children’s charities across the globe. At the BNI Foundation, we support children in education, so this movement seemed like a great fit for us to support. Nonprofits such as charity: water, National Urban League and Save the Children will benefit from 100% of the proceeds raised through Red Nose Day.

Tonight, NBC will host a special featuring live entertainment from well-known celebrities such as Ellen DeGeneres, Jimmy Fallon and U2, all while fundraising for children living in poverty.

Beth and I hope you tune in and donate to this very worthy cause. And meanwhile, enjoy this clip of us donning our own red noses!

Using Your Passion to Sell Your Businessstring(40) "Using Your Passion to Sell Your Business"

ID-100228591Are your referral partners excited about your business? Getting your referral partners excited about your business is one of the top ways to generate more referrals, and build your contact base more.

You’re probably sitting there thinking, “Oh, but nobody could be excited about my business. I do XYZ, and that’s boring.” Are you excited about what you do? Are you passionate about what you do?

Hopefully, the answer is yes – as a business owner, you should be excited and passionate about your business. That passionate you have for your business should show in how you describe it, and excite your referral partners. If you’re not excited about what you do, no one else will be either.

Think back to a time when you heard a motivational speaker, perhaps as a keynote at a convention or during a seminar. When you left the room that you heard the speaker in, was there an energetic buzz in the air? Were the other attendees excited about what they heard? Usually, the answer to that question is yes. But why?

Motivational speakers have an uncanny ability to share passion through their words, which increases their credibility and helps listeners remember their messages better. The very same end goals should be what you have in mind when educating potential referral partners about your business.

Increasing the excitement about your business can be easy. Take time to think about why you are excited about your business. What about what you do makes you look forward to waking up in the morning and going to work? Your personal challenge in networking is to have an extraordinary message that not only captures, but highlights, your passion and the essence of your business.

My challenge to you this week is to explain something about your business that excites you to a referral partner who may not have known about it before. See how they receive this information, or if they start to get excited, too.

Let me know in the comments below how that passion-fueled conversation goes!

Referral Marketing: Know the Risks, Reap the Rewardsstring(52) "Referral Marketing: Know the Risks, Reap the Rewards"

ID-100252028During a radio interview, the host of the program asked me whether I consider referral marketing the “safest” form of advertising. Without the slightest hesitation, I confidently answered, “By all means, no!” He was visibly shocked by that answer. I went on to explain that I believe very strongly in the tremendous benefits that referral marketing can bring. However, there are unique risks associated with referral marketing that aren’t an issue with commercials or other forms of advertising.

When you give someone a referral, you’re putting your own reputation on the line. If your referral partner does a good job, it enhances your reputation. But if he does a poor job, your reputation will likely suffer. As I said, the payoffs of referral marketing are immense—when it’s done correctly. But referral marketing involves a really big risk: giving away a piece of your reputation every time you give a referral to someone. When you tell a valued customer that a friend of yours is going to take good care of her, you must have confidence in that friend.

But what happens if your friend lets your customer down? It comes back to haunt you. Your customer begins to lose faith in you, and because of that loss of faith, you just might lose that customer down the road. This is why it’s so important to develop strong relationships with your referral partners. Once those strong connections are forged, you can rest easy, knowing that when you tell someone a business associate or a networking partner is going to take good care of him or her, that’s what will happen.

 

What Is Your Intent? Do You Know Your Purpose?string(47) "What Is Your Intent? Do You Know Your Purpose?"

Photo courtesy of Boykung at FreeDigitalPhotos.net

Photo courtesy of Boykung at FreeDigitalPhotos.net

All great teachers assert the importance of having intent and purpose in our lives.  According to Benjamin Disraeli, “The secret of success is constancy of purpose.”  Before you go into a networking scenario, make sure you know your purpose.  If your underlying pupose is to exploit the group, you will communicate differently, both verbally and nonverbally, than if you intend to give to the group.  You expect an eventual return, of course, but a good networker goes in with the immediate benefit of others uppermost in mind.

We are, at most times in our lives, a dynamic mixture of intentions.  We seek to do good for others, and at the same time we seek personal benefits in many different forms.  When we attend networking events, our attention instinctively and constantly jumps from situation to situation, searching for opportunities that favor us.  To fix your intention firmly on benefitting others, it is useful to organize your thoughts before the event by formulating, in writing, a clear statement of your main purpose–a mission statement.  Focusing on your number-one priority helps you push your many other impulses into the background.

With your attention and intentions focused, you will communicate clearly and unambiguously your willingness to help others solve problems and satisfy needs.  You will be more self-confident and open to the messages of others, and they will sense it and be attracted to you.  Your message will foster trust and rapport with your networking partners, enabling you to establish and strengthen mutually beneficial relationships.

For the networker, the most authentic message of all is this: “I would like to be your friend, and for you to be my friend.  I think we will both benefit from it.  And I want to start this friendship by doing something to help you.”  If you communicate this orientation toward others in all possible ways, with integrity, you will easily form valuable, rewarding, long-lasting networking relationships.

What have you personally found to be an effective tactic in relaying your genuine networking intent/purpose?  Please share your feedback in the comment forum below.  Thanks!

Networking and Friendsstring(22) "Networking and Friends"

One of the strengths of a good networking group is that most of the members become friends.  And ironically, one of the weaknesses is that most of the members become friends.  It’s both a strength and a weakness.  Accountability becomes key in running a good network because friends don’t like to hold friends accountable.  But, people who truly understand networking are not going to have a problem with system and structure.

Photo courtesy of Stuart Miles at FreeDigitalPhotos.net

Photo courtesy of Stuart Miles at FreeDigitalPhotos.net

It can be dangerously easy for a networking group that meets regularly to become a coffee talk session with little or no networking going on.  That’s exactly what happens when a group loses sight of their purpose, focus, system, and structure–or never has any of those things to begin with.

People begin to make up their own agendas and the networking loses focus.  When you lose focus, the meetings become social.  Networking should be about business.  Of course there has to be a social aspect, but it’s really about business, commitment, and accountability.  People can be like water and tend to take the path of least resistance.  Without the proper framework in which to operate, the agenda becomes the topic of the day and it ends up being whatever the person running the group thinks the meeting should be about.  That sort of inconsistency over time is a problem for a networking group.

Even if you have a good, strong leader, at some point the person’s life will change or maybe he or she will simply get burned out.  The problem starts if there is no one else to teach.  Teaching is a leaky-bucket process.  You start with a whole bucket of information.  When that information is taught to someone else, some of that information leaks out and the people being taught only get that limited version of the information.  In turn, when that person teaches someone else, the material continues to get watered down based on their understanding and ability to articulate the material.

By the time you are in the third or fourth generation of people passing along the information, you only have about half a bucket remaining.  When the bucket of information gets low, people start putting in their own stuff.  Very rarely does the material improve over time with this process.

In short, it is a beautiful thing when people in a networking group become close friends–the key to making sure it doesn’t detract from the goals of building each other’s business through networking, however, is to ensure that no matter what type of networking group you’re in the group has a strong sense of purpose, a solid structure, and that each member is committed to carrying out the systems for networking which are already in place. 

So, how does your networking group maintain its focus and its commitment to its systematic networking practices (e.g., careful selection of leadership, effective training programs, etc.)?  I’d love to hear your thoughts–please share them in the comment forum below.  Thanks so much for your participation!

 

How to Persevere in the New Yearstring(32) "How to Persevere in the New Year"

My good friend Julien Sharp is a brilliant editor who has worked on a countless number of writing projects for me and done a top-notch job. She is also founder of Funnybone Toys® and Funnybone MuseTM, a fantastic networker and businesswoman, and an exceptional author who contributed a great article entitled “From Mickey Mouse to Cruise Ships” to my 2007 bestseller, Masters of Sales.

Julien Sharp

Julien Sharp

The article talks about her early childhood dream to be a musical performer on The New Mickey Mouse Club, how that transitioned into a desperate longing to become a cruise ship entertainer, and how she went from a kid growing up in rural Indiana to a successful cruise ship entertainer performing in exotic locations like the southern Caribbean.

Although Julien’s story is certainly an interesting one, the reason I bring up her article is not to detail her journey from Mickey Mouse to Cruise Ships, but to focus on the main points in her article, which explain how she achieved success.

Julien says that even today, she’s never forgotten a quote she read as a young girl from Lee Iacocca: “You’ve got to say, ‘I think that if I keep working at this and want it badly enough, I can have it.’ It’s called perseverance.”

This idea became the mantra that guided Julien to success. She says, “I had to have the perseverance to finish what it took to achieve my goal, and I had to realize that perseverance virtually never comes into play without the first two words in the quote: ‘I think . . .”

As a result of making Iacocca’s quote her mantra, at an early age Julien learned:

  1. To convert her dream to a specific goal
  2. How to research her target market
  3. To create an impassioned sales presentation, and
  4. To sell with passion.

Julien’s all-encompassing goal was to sing on a cruise ship, so she researched her client (cruise ship companies), rehearsed her presentation (created a demo cassette, packaged with the most professional photo she could afford, and included an introductory letter detailing her experience, education and the absolute passion she had for achieving her goal), used her enthusiasm as her best selling tool (all her money and every ounce of emotional desire went into 12 demo packages destined for various cruise lines in Miami), and persisted in chasing her goal. It’s no surprise that she achieved that goal, and now she continues to achieve even greater goals with each new year.

So, what’s your goal this week? This month? This year? Please share your answers in the comment forum below and if you really want to achieve your goals, remember the Iacocca quote, take a lesson from Julien, and learn to persevere.

Your Contribution Lives Onstring(26) "Your Contribution Lives On"

The news of Robin Williams’ suicide stunned me last week. He is someone we collectively feel strongly personal about, as if we knew him as a friend. And the situation that apparently led him to take his own life – depression – just left me feeling like I had been sucker punched.

MonBlog-RW

And then it led me to some deeper and more profound thoughts. Albert Pine, an English author who wrote in the early 19th century said, “What we do for ourselves dies with us. What we do for others and the world remains unchanged and is immortal.” There is no doubt that Robin Williams has left a mark on our world. I have spent hours laughing through one of Williams’ movies, a comedy show or even a simple interview, and I’m sure you have, too.

To paraphrase Pine, I would say the following: What we do for ourselves ends with us.  What we do for others lives on.

I certainly hope that what I do for others will live on. This shattering event has given me a moment to pause and take a look at how I have started a movement within business with the purpose to change the way we do business.

I’m so serious about this movement that I have adopted as my motto: “Changing the Way the World Does Business®”This change comes by implementing a shift in the focus of how we go about growing our businesses – from a dog-eat-dog, competitive model, to a how-can-I-help-you, collaborative model.

One of our business colleagues said recently about our mission that “we know referrals are our purpose, but impacting someone’s life is our calling.”

When doing business with the “givers gain” philosophy gets really embedded in practice, there’s a huge movement from “transactional” to “transformational relationships,” and both people and business take on fresh dimensions of trust and creativity that can’t be measured with mere numbers. That ethos and experience, multiplied in viral fashion, changes the face of business, which in turn impacts lives in positive ways.

Douglas Adams, author of The Hitchhiker’s Guide to the Universe, wrote, “Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. Anything that’s invented between when you’re fifteen and thirty-five is new and exciting and revolutionary and you can probably get a career in it.” This Givers Gain business focus started when I was just 28 years old and has provided me with a rewarding and long career.

I think we can all use our loss of one of America’s great comedians and actors to start a conversation about what our contribution is going to be that will live on past our life span. I would encourage you to design a fulfilling life. Whatever you are, be a good one, as my friend Stewart Emery says.

I sincerely hope that somehow Robin Williams had a sense of the contribution he made to our lives before he left us, all too soon.  

Rest in peace, Robin. You will be missed.