Tag Archives: Consulting

TheYear Of You

So here we are again at the start of a new year. If you haven’t already started to implement your resolutions for the year, let me humbly offer a suggestion that should be a part of them. Make this the year of “you.” To be clear, I’m not suggesting that it be a year of self-centered egomania. In fact, I’m suggesting quite the opposite, and I’m doing so because it will improve your business. As a bonus, it may also improve your non-work life.

How does one go about making it the year of “you?” Start by this: quit saying “I.” Stop thinking about your business’ bottom line and focus on solving your customers’ problems. Don’t put out messages about what people can buy from you. That’s selfish. Focus on how what you’re selling helps. Ask “how can I help you” and not “how can you help my bottom line.”

Let me show you how the “you” focus works because it is something I try to practice here in this space. My focus is on what I hope is important to you. I try to have an outward focus. If all I did was blabber on about what’s important to me, we’d be indulging in a discussion of the new rules of golf or my incompetence at beating certain video games. That doesn’t help you at all and I suspect after 10 years of that my readership would be down to just me. By writing this, which takes time and effort, I’m hoping to grow both the audience and my credibility and I don’t ask for anything in return. OK, once in a while I will remind you that I consult and if you want to look at franchise opportunities, I want to help you do that, but that’s about as far as it goes.

It goes beyond a customer focus. Suppose you’re going after a new job or a new client. Your best strategy is to focus on the needs of your potential employer and client instead of plugging your own skills. Nobody cares about your craft if you fail to make it relevant to them.  You have to change your pitch to suit your audience. I can’t tell you how many pitch meetings I’ve sat through that were generic and which failed to address MY problem as a potential customer or partner. Generally, no sale.

Don’t talk about what you do. Ask yourself if you were your potential client or listener how your service is relevant to them. Don’t be the one at the party who talks only about themselves. Don’t ask “how do YOU like MY outfit?” Ask “how can I help YOU?” If we all do that this year, it will be quite a good year indeed don’t you think?

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My Top Post Of 2018

It’s New Year’s Eve, and we’ll end the year with the most-read post I wrote this past year. I’m not sure many of you read all 65, 532 words I wrote in 2108, but even if you only read a few, thank you. If you did read a few posts, the odds are that you saw this one from early in October. It’s the day I wrote about how I added a new line of consulting to my 10-year-old practice. Since then, I’ve worked with dozens of people on changing their lives as they explore opportunities with franchised businesses. If 2019 is the year when you’re looking to do something different with your business life and own your own business, please reach out.  Happy New Year to you all!

A little self-indulgence today, and I promise not to make it a habit.

As you probably know if you’ve read this blog over the years, much of my consulting has evolved to a focus on startup businesses. That’s why, in addition to running my own practice, I’m a partner in a global venture catalyst that helps commercialization of startups post the idea validation stage through to sustainable profitability or a liquidity event. I also advise startups through my work at the First Flight Venture Center.

Two of the things I’ve noticed as I worked with some folks who thought they wanted to build and run a startup were that their as yet unvalidated ideas were often not really scalable businesses nor did they have a clue as to how running a startup business was different from life in the corporate world where many of them had spent their careers thus far. Quite a few of the budding entrepreneurs I’ve met were in their late 40’s to late 50’s. They had some money to invest in their startup but not enough to retire on. Besides, they were too young to play golf all day, as lovely as that sounds.

OK, so what’s the big announcement? What I realized is that rather than doing a startup many of these people needed a business in a box – something into which they could buy and, if they followed the plan, be successful. In short, a franchise. Because of this insight, I’ve expanded my consulting practice into franchise consulting. I will operate under the name of Franchise-Source and I’ve linked to the website (this is a temporary site – a newer, nicer one will be up soon). I’ve hooked up with a wonderful organization that represents over 500 different brands in over 70 different industries. My new entity has pages on Facebook and LinkedIn (those are direct links) as well. I hope you’ll check them out.

I’ll be continuing my other consulting as well and of course, the screed will continue although I’ll veer into the franchising world from time to time. I hope if you’re considering owning your own business or franchise and aren’t sure where to start that you’ll call or email me. As with a realtor, the buyers don’t pay for my services. The sellers – or franchisors – do. The work has been gratifying so far in that I’ve already spoken with a number of people who are looking to change their lives and rather than taking a chance on an unproven idea they’ve worked with me to investigate a solution that works for their goals, their budgets, and their lifestyle.

Thanks for reading. I’d appreciate you letting anyone you know who might have an interest in a franchise that I’m here to help. Back to our regularly scheduled blog programming next time.

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Top Foodie Friday Post Of 2018

The most-read Foodie Friday post that I wrote this year was written in October. I can’t recall what prompted the thought behind it although I suspect it had to do with some unappetizing takeout food. As the new year approaches, some of you might be making up lists of thing you will do differently and, hopefully, better. I’d urge you to put your best steak forward, which was the original title of this piece. Enjoy!

It’s Foodie Friday and we’re back to our regular nonsense here on the screed. Today I want you to think back to that time when you ordered takeout and it was not very good. I’m sure you’ve had such an instance: we all have. Maybe you ordered some fried dumplings that showed up as soggy as your recently washed laundry. Maybe the pasta dish you ordered had aggregated itself into a small object better suited for football than eating. Maybe you ordered a steak frites to go and it didn’t travel well. No one likes soggy fries and a cool steak doused in cooling, congealing butter.

For many restaurants, takeout has become a critical part of their business. Life today often leaves little time for cooking at home, especially during the week. Think about how many places you know that have only a few tables but do a ton of takeout. The growth of delivery services and apps has accelerated the trend while actually decreasing profitability (the services take a cut of the bill and in many cases, it’s close to the entire margin on the order). I’m not sure, however, that many restaurateurs put enough thought into putting their best products out there for takeout. Why sell something that you know won’t travel well?

Putting your best steak forward, so to speak, is something that every business should do. The most customer-friendly takeout situations have a separate counter to speed customer service. They might have a menu that’s priced a little differently since the costs of servicing a customer are different. They pack hot foods apart from cold foods and they take care to make sure that condensation in the hot food doesn’t make it soggy (vent holes, people). As with any customer encounter, how you present your brand matters. I wouldn’t even offer to sell a customer a product that I know won’t travel well. If they’ve enjoyed it before in my place, they’ll be disappointed. If it’s their first time, they won’t be back. We see this in businesses that take on jobs for which they’re ill-suited. I’ve turned down many opportunities over the years to build people websites since my ability to design and to code is not up to my ability to perform other tasks. That’s not my best steak.

Is that something your business is doing? Are you gathering data and keeping records of every customer interaction? Are you constantly looking for feedback so you can adjust your menu? Are you putting your best steak forward each and every time?

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