We live in a time when many people overshare. You know what I’m talking about. They post pictures of what they’re eating. They check-in and post about every place they go with the exception of the bathroom. Every random thought is posted with the hope of stimulating some response even when the thoughts are pretty vacuous and of interest to none but the author (Hey, be nice – this screed doesn’t count!).
It’s TMI – Too Much Information, and I’ll admit that at times I’ve been as guilty as anyone. In my defense, I’ve now accepted that you can’t win an argument on Facebook even when you’re armed with facts so I won’t be engaging in THAT anymore. But one thing that I find to be just as bad as TMI is TLI – Too Little Information and that’s today’s subject.
A real-life example. I represent over 500 different franchise brands. While I’m very well acquainted with several dozen, it’s not really feasible for my aging brain to retain complete information about all of them, especially the ones I don’t discuss very often. Fortunately, the network I’m part of provides an information page on each of the brands and often there are recorded webinars that provide even more information. The brands themselves maintain the pages. Some provide a few pages for us to read with key selling points, finances the candidate must have, etc. There are often sales brochures we can download and send. Most importantly, they tell us why their brand is different from their competition. The very best brands give us extensive information and it makes it easy to present their brand. No issues here.
A large number, however, gives us nothing. Oh sure, we know what the franchise costs and what the royalty rates are, but we don’t have any materials to send nor do we have any information beyond the very basics. It’s TLI and it makes my job quite difficult. How do I represent a brand that’s a mystery to me? What distinguishes one residential cleaning service franchise from another? How is your lawn service franchise unique? Why should someone invest in your franchise vs. another in the same category?
You may be guilty of the same thing. Do you give employees enough information about a task you’re asking them to complete? How about vendors? Do they really understand why and how you use their products so they can provide better service? All of us in business are constantly providing information to various constituencies. The key is avoiding TLI just as much as we all want to avoid TMI. Make sense?