We closed on the sale of Rancho Deluxe yesterday. I lived in that house for 32 years (almost to the day) and it holds a lot of happy memories. The pictures you see are the view from the yard when we moved in and the day we moved out. As you can see, quite a bit changed. While the core of the house is pretty much how we found it, we added on a few times and changed the old kitchen into office space when we built the new kitchen/family room.
The core of the house itself is over 100 years old and, as with most older homes, wasn’t without issues. Over the years we replaced the furnace (twice!), the roof, fixed sills, removed asbestos, and landscaped. There were also hundreds of little fixes and improvements. We did all that without tearing down the original structure as so many in our town have done. We like to think we left it better than we found it.
That’s really the business point. We often get pulled into situations or projects where there is a lot of history that predates you. One approach that many people take is to just blow everything up and to start over. That ignores the good in what’s been done already. It can also cause a backlash from the people who invested their efforts to get things to where they are when you walk in. The challenge, both with old houses and old business situations, is to leave things at least a little bit better than you found them.
That’s not to say that some things are beyond saving. Sometimes a situation is in such disrepair that gutting it and starting over is the prudent and less expensive course of action. I think, however, that we often get more focused on a solution that may be more expedient and different as opposed to better.
Think about the things on which you’re working. Are you making them better or just patching things up so you can cross them off the list? Is the team happy with what’s being built or are you painting things a color that everyone hates but which was on sale at the store?
I’ll miss the old place while at the same time not missing the almost non-stop series of items on the “to-do” list. It protected us from hurricanes, blizzards, countless minor storms, withering heat, and freezing cold. I always felt that we had to protect it a little. I’m walking away knowing it’s better than I found it and hopefully in good hands for the next 32 years. Can you say the same about what you’re doing?
Foodie Friday, and the topic is disasters. Like anyone who does a fair amount of cooking, I’ve had my share of disasters in the kitchen over the years. No, I’m not talking about the time I dropped a full pot of soup on the way to the fridge. I mean those times when the best-laid plans of the cook, as Robert Burns said, gang aft agley – often go awry.
In my case, there is a seafood sausage that has become the stuff of legend amongst those who were (un)fortunate enough to have seen it made and attempted to eat it. There was also the time that egg rolls refused to stay rolled and sent the cook (that would have been me) into a utensil throwing rage since I was cooking for my new bride and my parents and was pretty embarrassed.
There is a business point within my true confessions today. First, each of these things was a learning experience. Second, each has become a story that’s been retold over the years. While our main goal in business shouldn’t be to avoid being a bore at cocktail parties, having a few self-effacing tales in your repertoire isn’t a bad thing. The bigger takeaway is the first point.
Disasters are often the result of pushing the envelope. Hopefully, they don’t originate in sloppiness or willful ignorance or haste but rather is boldly going where you’ve never gone before, whether in the office or in the kitchen. When we fail in the latter venue, there is always some take out food we can get to serve. When we fail in the office, we can use the experience to rethink how we plan, how we prepare, and how we execute so that it becomes a teachable moment and not a complete waste. Besides – you just got another great story to tell at the party where you’re celebrating your company’s latest success!
I bet we’ve all been there. An incoming email triggers a strong response and we let those strong emotions turn into something we regret sending later. It’s not a bug – it’s a feature, one we need to learn to turn off since inevitably we spend a lot more time cleaning up the mess then we would have spent had we just taken 10 minutes to calm down, reread the initial email, and respond with a clear head.
I’ve been on the receiving end of one of those. A client who owed me a lot of money reacted badly when I asked to be paid. Having waited nearly two years, I thought I was not over the foul line for asking. In fact, I offered to reduce the amount owed if they would begin paying immediately. Rather than engaging in a discussion about how we could resolve the issue, I received a nastygram unlike any other I’d received in business. My response wasn’t to respond. Instead, I did something I’d not done in 10 years of consulting: I turned the debt over to a collection agency.
That’s one personal example. I’m sure you have a couple, hopefully on the receiving end so you don’t have to clean up the mess. We can’t “react” to emails. The blessing of email is that it’s fast, with immediate delivery and often a quick response. That’s its curse as well, along with the fact that there is no nuance. My philosophy has always been that if there is a problem I’d rather try to resolve it over the phone so I can judge the tone of voice as well as to be sure that what I’m saying isn’t misinterpreted somehow. I realize it’s harder to get many people on the phone but the investment of time in doing so can often avoid a series of increasingly infuriating emails.
Don’t “react.” Don’t assume that someone hasn’t responded because they’re disrespecting you. They might just not be the bearer of good news and are struggling to find a way to say what needs to be said. Remember that everything you send is preserved and you have no clue who will end up reading what you write. Finally, call if you can or, even better, buy someone coffee and talk things over face to face. Old school? For sure, but maybe some of these old school ways are why some of us old folks have done well. Your thoughts?
Another major championship in golf, another screed about a business lesson learned from watching that championship transpire. Sergio Garcia, a Spanish golfer with a nearly 20-year history of frustration and failure in major championships, won The Masters yesterday. What’s surprising about the win is that it took him so long. He’s won 21 times around the world and has been a fearsome force on European Ryder Cup teams for a long time.
(Photo credit: Wikipedia)
His skill was never in doubt, and yet five years ago at this very tournament, he stated that he didn’t have what it takes to win major championships. What happened and what can we learn and apply to our own endeavors?
Major championship golf is often described as “an examination,” testing both one’s game and one’s character. Sergio has always had the game but what he lacked was the character to deal with the adversity one faces along the way in any major. That’s why he gave exactly the right answer when he was asked yesterday what he liked best about how he won: “the demonstration of character.” Like every champion, he hit some awful shots. This time, however, he stayed calm, stayed positive, made a plan, and let life go on.
The lessons for any of us are clear. Skill and competence can take us a long way but to break through to another level we need the right attitude. We need to develop that maturity and character to deal with setbacks, both self-imposed (hitting a bad shot) and external (a competitor hits a great shot). Control what we can, deal with mistakes (we all make them), and remember that someone else doing well doesn’t mean that you’re doing badly. It might just mean that you have to change your plan and do better to get ahead.
Sorry if I’m becoming predictable in writing about golf after a big tournament, but what Sergio’s win said to me about all of us and business thinking was something I felt I had to share. He had already mastered the game years ago; yesterday he mastered himself. You agree?
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?
Chuck Berry passed this weekend. When I heard the news I mentioned it to a younger friend who asked “who?” That made me a little sad, but it also made me think about today’s topic, as did a couple of other things that transpired over the last few days.
(Photo credit: Wikipedia)
First, Mr. Berry. Chuck Berry, as you might have learned over the last couple of days of news, is one of the founding fathers of rock and roll. While you might not know him if you’re younger than about 50, you certainly know his music. Johnny B. Goode is a song any young rock musician has played, and it was a concert standard of dozens of bands from The Grateful Dead to Jimi Hendrix to The Rolling Stones. The Beatles had hits with Roll Over Beethoven and Rock And Roll Music. Many other bands either had hits covering one of his songs or stealing one of his songs and making one of their own out of it (The Beach Boys Surfin’ USA is Sweet Little Sixteen reworked, for example).
Anyone who has strapped on an electric guitar and rocked out sits on the shoulders of Chuck Berry, among others. Heck, he was a big enough influence on this kid that when I got my first electric guitar as I turned 13, I wanted a Gibson ES-335, the kind that Chuck Berry played.
It’s not just music history that got me thinking. The men’s and women’s golf tours each played tournaments this weekend that saluted key individuals in their history. The LPGA played the Founders Cup, which was established to honor the 13 original Founders of the LPGA. Several of those women are still living and sat by the 18th green. As the players finished, each one went to thank the founders personally. The PGA Tour contested The Arnold Palmer Invitational, a tournament hosted in years past by Mr. Palmer but which has morphed into a tribute to one of the men who made professional golf what it is today. Which leads to today’s topic.
What each of these things reminds us is that none of us stand alone in business. Our success rests upon a solid foundation, one that was built by many people. Our parents, our teachers, and our mentors in business are the obvious ones. There were also those who preceded us in our field, blazing the trail and making mistakes so that we don’t have to. You might wake up with a great idea for a new business or product, but I guarantee the seeds were planted by those who went before.
Maybe today is a good day to think about and examine the foundation upon which our success rests? It’s an even better idea to thank someone who built yours, don’t you think?