Category Archives: Helpful Hints

What Boxing And Your Business Have In Common

You might be a fan of the sweet science or you might think it’s barbaric.  In either case, there’s something to be learned from the big fight that took place over the weekend.  I mean the Manny Pacquiao – Timothy Bradley bout that ended with Bradley winning in a split decision.  From the minute the result was announced there have been calls for an investigation.  There is an excellent article summarizing the issues in USA Today which also looks at 9 other bouts that had controversial decisions rendered by the judges.  Of course, the issue isn’t really with the judgement – it’s with the entire system of a judged sport.

Gymnastics, diving, figure skating, freestyle skiing – there’s a pretty long list of sports in which winners are decided not by a clock or a scoreboard but by a human being’s impression.  Boxing is a hybrid – in theory a knockout or other stoppage negates the need for judges at all (although we could argue the referee’s judgement about when someone is incapable of defending themselves plays a role too).  What does any of that have to do with your business?

Think about how often we insert our own judgement in decision-making when we don’t have to.  Which version of an ad is more effective?  Which page design is better?  What packaging will attract more customers?  What types of content increase engagement?  Often we look to the HiPPO involved – the highest paid person’s opinion – when it’s very possible to conduct simple A/B tests or spend a few hours looking at existing data.  We ignore the scoreboard and go to the judges. We’re generally not making art – we’re conducting commerce.  Because of that, what I happen to like is less important than which customer-facing experience yield the best return.

In the digital world, its pretty easy to test, adjust, and re-test ad infinitum.  In the non-digital world, product tests, packing tests, etc. are the norm (I’m often disappointed to find that some great product I’ve found is just a test and disappears).  We all need to abandon our egos and learn to love our data a bit more.  Otherwise, we might end up like Manny – on the wrong end of a bad decision.

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Free Lunch

I was going to write our Foodie Friday Fun piece about Jacques Pepin and his insistence in cracking eggs on a flat surface until I realized that I had written it already almost three years ago.  I guess that sort of proves his point – small details are what makes good cooking.  It makes good businesspeople and managers too.  Apparently, it makes for less redundant blogs as well.

Lunch

Lunch (Photo credit: munir)

Instead, let’s write about free lunches.  We’ve all heard about them and that it’s supposedly impossible to get something for nothing.  It comes from the old tradition of bars serving free food if you bought drinks.  I was reminded of this as I experienced yet another “freemium” model.  The problem is that many companies have turned freemium into bait and switch.  They’ve also made the free product pretty useless without the premium purchase.  There’s a really nice piece on three gaming companies and how they approached this balance on The Mary Sue (hat tip to my girl geek youngest daughter for pointing it out!).

In my case, I used an online golf trip service.  It’s a great idea – in fact, it was a concept my buddies and I had talked about doing ourselves to help other groups plan golf trips and score golf tournaments.  The problem is this:  the basics – organizing emails, setting up housing, and communicating with the group are free.  Another free element is setting up scorecards.  Once you actually have scores, you can input them but tournament results are part of the paid system.  So is the trip accounting.  Now if you’ve ever traveled with other folks you know that keeping track of the money and dividing it all out is a big pain.  So is scoring a golf tournament when handicaps, match play, and other side bets factor in.  The price to upgrade is per player, per round, so as the trip gets bigger or longer, the cost goes up until, as in our case, it became prohibitively expensive.  In other words, I scored the tournament manually, the accountant is figuring out the bills manually, and we won’t be back to the service since it offers us nothing we really need.

I’ve had the freemium business model discussion with many clients over the last few years.  I think it’s a good idea but I also think it the free part needs to be valuable on its own and the paid part needs to be an add-on, not an integral part of why folks would use the product in the first place.  As always, the focus needs to be on the customer and providing value, not on luring them in with a semi-broken product that only a payment fixes.  Look at Pandora or Skype – great freemium businesses. So is Valve, the game company.

There may not be any free lunch but we certainly can provide some great free snacks that whet folk’s appetites without making them angry.  You with me?

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Where Have You Been?

Miss me?  The screed was silent the last two days.  I did what for some is the unthinkable – I took a break.  For the 18th consecutive year, 11 of my dearest friends and I went away to play golf.  At least, that was the original idea.  It turns out, however, that the trip is more about hanging around with the other guys, laughing, playing cards, eating too much, and generally decompressing than it is playing golf.  All of us are over 50; some are over 60.  Everyone is in a senior position within their business and industry.  Everyone carries a smart phone of some type and most everyone had a laptop along on the trip.  What was interesting was how some of the guys chose to use them and this is the point I’d like to make today.

I often rode in a van (we travel with 4 guys in each van) with a guy who immediately got on the phone to do business as soon as the door to the van shut.  An efficient use of time but it had a couple of negative effects.  Obviously, we had to turn down the music in the car and couldn’t talk very loudly to one another.  More importantly, it was a subtle reminder to those of us who were trying to tune out the “real” world for a couple of days and enjoy the benefits of a vacation – lowered stress, avoiding burnout, etc. that the rest of the world hadn’t taking a break and maybe we shouldn’t be either.

A couple of other guys jumped on their laptops to do business in one suite apart from the rest of the group and it wasn’t a 5 minute mail check – it was an hour or more each day.  Where I drew the line was the guys who were taking business calls on the golf course.  Fortunately, each time they did it there was a $5 fine paid into the group’s pool for tips, etc.

This isn’t a rant against the technology.  Instead, it’s a rant against those of us who can’t take a break.  I like to think of myself as a responsible businessperson but part of being responsible is putting in place a support system to handle stuff when you’re not there (or get sick!) as well as communicating to others that you are taking a break.  The break helps you better serve them, keeps you fresh, often generates news ideas and helps you live longer (there is research!).

Where have I been?  Recharging my batteries.  Thanks for caring!

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