Category Archives: Reality checks

Getting Elected Isn’t The Win

The big news at the end of last week had to do with the withdrawal of a bill that would have changed the laws regarding health insurance in this country. If you’ve been here in the screed before you know that we don’t do politics, so I’m going to refrain from any commentary for or against what happened. There is, however, a pretty good business (and life) lesson to be taken from Friday’s activities.

One thing you heard over and over was that the folks who wanted to change the existing law had 7 years to come up with a plan that would be better. It took them 7 years to control both Congress and The White House, thereby assuring that their plan would become law, assuming, of course, that it was palatable to the members of their party. It wasn’t, and so it hasn’t (become law, that is).

What can we learn from this? That it’s easier to win an election than it is to find the consensus you need to run the government. Winning is easy; governing is hard. The same thinking applies to managing a business. Becoming a manager is easy; managing the business is hard.

I met with a potential client last week who had recently been promoted into his job. He’s a smart, young highly motivated guy. In the course of our conversation, he mentioned that he was having some trouble adjusting to his new role and was finding it difficult to get things done as quickly and efficiently as he wanted. I told him that I had suffered from the same thing 35 years ago when I was handed my first department to run. Getting the job was a lot easier than doing the job.

What does that mean for you? If you’re looking for that next promotion, you might want to focus on the challenges of preparing to do the actual work rather than the challenges of getting a promotion. Trust me: the powers that be will appreciate your focus on execution and that will increase the chances of that promotion.

If you’re running your own business, a focus on execution is a good thing as well. Satisfied customers are more important that finding lots of new ones. There are tons of studies that show that using resources to keep existing customers happy is more profitable that spending resources on finding new customers (it costs 5x more to find a new customer than to retain one!).

Getting elected or promoted to a position isn’t really the win. Getting stuff done, whether it’s in your cubicle or on the floor of Congress, is the real test, don’t you think?

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Filed under Helpful Hints, Reality checks

My Totally Fake Life

I came across an article last week that I found disturbing. I don’t think it’s news to any of you there that it’s possible to buy fake followers on the various social media platforms. You can buy hundreds or thousands of “followers” on Instagram, Twitter, or Facebook fairly cheaply. I had assumed that this was something that some (dumb) businesspeople did to make their metrics look better. More on that in a second. The article set me straight.

What it said was that researchers at:

Huron University College in Ontario, Canada, who surveyed around 450 participants ages 18-29 through an online polling platform, and found that 15% admitted to buying “likes” from Web sites for their Instagram profiles…25% of respondents said they engaged in digital plastic surgery before posting photos.

Yikes! I guess these people figure that by having large numbers of people following them on some platform that they appear to be more influential. The reality is exactly the opposite because it takes very little effort to figure out that those people are fakes. Running a Twitter handle through Twitter Audit showed me that some person who claimed his million plus followers as a reason to do business with his had, in fact, 96% fakes in that million. It’s ego gratification, the same reason why people lie about their age or their weight or name drop, and it makes for a serious level of insecurity. And yes, there are other tools for other platforms to help spot fakes.

The same can be said when we do this in our business profiles. Some warped social media person will buy likes to show the boss that they are becoming more popular and that the efforts they’re making to garner new followers are paying off. Of course, engagement rates will drop off to nothing (those fake names don’t interact), and in fact, could do your brand harm by becoming spammy through your account.

It’s a little frightening that many of us feel the need to live a totally fake life online. The study found that 31% of respondents said they edited out all the boring details to make their life seem more exciting, and 14% said they specifically craft their profile page to make it seem like their social life is much more active than it actually is. Maybe it’s possible that the people who are posting the most are actually living the least glamorous lives?

Maybe one benefit of getting older on a personal level is the realization that the only one with whom we’re competing is ourselves. More “stuff” – cars, clothes, or followers – can mean less happiness. On a business level, more can be great but fake never is. Your thoughts?

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Filed under Huh?, Reality checks, Thinking Aloud

Unlimited Gall

You might be aware of the battle going on in the wireless provider space which revolves around “unlimited” service. Yes, I meant to put unlimited in quotes because as it turns out there is no such thing. I’ll explain the details in a second but what this represents is mirrored in other businesses too and is a ridiculous bit of anti-customer behavior in which none of us should engage. Let’s see what you think.

First, the phone war. Verizon and T-Mobile are the primary protagonists. Verizon announced it was bringing back unlimited data so you could stream video on your mobile device to your heart’s content. Of course, as one article reminded us, unlimited is actually not:

“Unlimited” data also continues to be a misnomer. If you use more than 22GB of data, Verizon may throttle your connection. You also only get the $80/month price if you sign up for Autopay. If you don’t, it will cost $85/month. While this includes the $20 fee for adding a line, it doesn’t include your phone’s payment plan, so if you want to pay monthly to buy a phone, it will cost more.

T-Mobile responded with changes to their own so-called unlimited data plan. While the plan was unlimited previously, it added on charges for video quality over 480p (that’s not great). It also charged you extra to use your phone as a high-speed (meaning 3G quality) hotspot. It slowed the data down before. In the new plan, those limits are gone but T-Mobile says subscribers who use more than 28GB of data in a given month may see their speeds reduced due to “prioritization” in congested areas. In short, using the word “unlimited” is crap. There are still limits, and if you’re a consumer you have the right to expect that there really aren’t.

The phone companies (and Sprint and AT&T aren’t much better) aren’t the only businesses that do a form of bait and switch. It’s no secret that what you’re quoted as an airfare is also only part of the story since there are fees for bags, boarding passes, seats, and just about anything else depending on your carrier. The airlines say the fees are optional. Yeah, sure. And pay the fee at the airport and there is a fee to pay the fee!

Ever buy tickets to a show online? Convenience (whose convenience?) fees, printing fees, etc. Ever book a hotel room? Resort fees, safe fees, service fees, and more. My bank charges my business account a monthly admin fee even though they make money off the money I have in the bank. My cable operator charges me for sports channels I can’t refuse to take.

All of this is a long-winded way of saying that businesses need to be upfront about their true costs to consumers or face a backlash when their dishonesty is discovered. I’d much rather know the true cost of something than to feel as if I’d been ripped off later. Wouldn’t you? Isn’t that how we need to treat our customers?

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Filed under Huh?, Reality checks, Thinking Aloud