1/9/11

Clarity In The Process of Conducting Business Will Improve Profits.

Our company has had issues with management and sales personnel making way too many assumptions on projects, processes or customer involvement.  These can easily be serious financial mistakes.  Any suggestions for us?
Steve J; Business owner Cameron, MO

One professional sales lady I know says that she keeps a white board filled with the names of her clients (and prospects) and the title at the top of the board is "What can I do today to help..." She says, "This helps my mind focus on my clients and their needs. It helps me realize what I am all about (i.e., helping my clients) and it causes me to think about where the opportunities are."

An extra benefit to this approach is that it helps you to avoid neglecting some of your clients or prospects. It quickly highlights where you need to devote more mind time.  A clever way to reinforce and employ this technique is to place the same list on your screen saver…Yes that would give your monitor a different look.  

Professional sales and management people sometimes make proposals that ultimately don't work out. Often the source of the failure can be found in the conjecture on which the recommendation was based on.

Call them what you’d like; assumptions, suppositions or conjectures all can be defined as a set of beliefs surrounding a particular topic that are often shared by a group that causes them to think or act in a certain manner.

A helpful technique used to provide employees or clients with better service and involvement is to preface the "Recommendations" section of a given report or project with a list of "Assumptions Made". By explicitly listing the assumptions made, mutual understanding of the problem and actions recommended between both parties can be ensured. It will also help to highlight any faulty assumptions made prior to implementation.

Wrongful suppositions often lead to poor recommendations. Capture these items in writing and share them with your client or employees in advance to ensure that you are both on the same page.

Clarity will improve profits and cash flow.  Mistakes cost huge amounts of money.

Regards,
George F. Mancuso
President
Client Growth Consultants
Grinnell, IA 

1/2/11

Will Your Company Really Change in 2011?

Q.  Our management team has been trying to get the Executive Management and Private Owners of our manufacturing company to make positive changes to grow the company, achieve a larger market share and make this an all around better place to work.  But although “they” say “they” want change, nothing ever happens.  We’ve even had a consultant work with us for a short time and he echoed everything we’ve been saying.  Change begins then hits a brick wall and we’re back to business as usual.  Is this the way it is in all privately owned companies?
WK, Galveston, TX

A:  To begin with, let me assure you that you and your current employer are not in a club by yourselves.  Not only does this scenario occur in the private sector but in large corporations and governmental agencies as well.  Several examples come to mind but here are two that should easily demonstrate this to you.

1.     Two years ago, an old friend of mine interviewed for the position of Director of Economic Development for what was once a very historic and popular Midwest City with a population of 20,000. The call for candidates went out in January, 2008.  They interviewed all four of four candidates that applied.  My friend is hands down the most qualified and he was told at the interview by the President of the Chamber of Commerce, “…they hoped to have a decision by the 1st of June!”

My friend, in a very professional manner, explained to them the errors of dragging this out so long and he asked them; “….Are you REALLY ready to make the changes that we have discussed?”  The room was silent for a bit and then they did finally decide that he was right and will make that decision next week.  The fear of the “newbie’s” on the hiring committee is the “old-timers” will want to go with someone from the good old boy network and it will be business as usual.  The real end of this story is....."they were not ready for change" and today they are in a slightly worse position than they were in January 2008.  How sad.

There is obviously a great deal more to the story, but it shows that even a city that is losing their young people, businesses moving out of town, no new growth, virtually no inquiries of companies wanting to move there and STILL they willing to procrastinate because the fear of reality has set in.  They procrastinate because change for some brings fear.  But for others it also demonstrates failure.  “If the new guy does good, then I guess it shows that we didn’t do so good, so we are failures!”  Instead of acting all grown up about it, and realizing that they took the city as far as they can, now it’s time for someone else to take the reins and go forward before the city becomes a ghost town.  This analogy plays out in private sectors as well.

2.    I know a gentleman who was hired by a large and formidable manufacturing company and when he was introduced to the entire company by the president, he was called their “change agent” and strongly endorsed by management team.  He was full of ideas, concepts, suggestions, observations and improvements and he diligently began the work at hand.  Most of the staff bought into the changes and improvements and progress seemed to be happening.  Privately employees praised his work but the praises were filled with trepidation.

Once he reached the level of the entrenched upper management, the same upper management who were involved in the interview process and approved his hiring, the process began to drastically change.  Change was okay for the other departments, but not for “mine” became the mantra of the day.  Attitudes began to change, projects were undermined, secret meetings with the owners, cooperation stopped and so did the process.  Nobody discussed their fears or concerns with the “change agent”, just continued on their own personal agenda’s to make certain no change came to their departments.

One day the president came in and said to the “change agent”, I appreciate the work you’ve done here, but it’s causing too much grief with my “entrenched” (not his word but mine) people.  No explanation, no discussion, but the president wanted the “entrenched” people (and probably himself) to feel safe, so it was back to business as usual.  The ride was over.  How sad.  And today, they are still in business but growth is not to the level that it could be.  Retention  and recruitment issues remain and so do the entrenched favorites.

Now this is just two examples of executives, managers and owners giving lip service to wanting change and when the reality hits, the insecurity of their lives and positions, the fear in their inner beings and the intrinsic lack of confidence of themselves and what they have built, takes over and they can’t bring themselves to innovate or hand over control. 

Change is not easy but it is CRITICALLY IMPERATIVE for survival in 2011.  Recruitment of quality employees is becoming more difficult, retention of employees is an everyday process, talk of recession and changes in the world are in the air and affect all of us. The owners and managers in control of any given company MUST understand the value of change as it relates to the organization and themselves.   They MUST put aside the egotisms, greed and paranoid thinking OR it will be business as usual?  And in my humble opinion.....it will be sad.

If I can help you grow your company, improve your revenues, stabilize your retention of employees, customers or vendors and/or assist with recruitment, please reach out to me.  Put your egotism aside....I can help.

Regards,
George F. Mancuso
Client Growth Consultants
Grinnell, IA


Enhanced by Zemanta

12/26/10

What Are Some of The Obstacles For A Manager?

What are some of the main obstacles to a path of success for a manager?

My definition of a manager is anyone who manages anything or anybody.  This might include a team, a process, a department or even an entire company.

Now with that concept in mind, I can tell you that all managers experience various encumbrances on a daily basis.  And there are probably no single egregious obstructions that would be attributed to a failure, but rather a combination of several.

However from years of business consulting experience, one of the most prevalent errors that I see is a lack of courage to stand by long term goals, plans and visions that managers have identified as a must do in their careers.  When the business economy experiences severe pain, it brings with it an allurement to short cut the process for a quick fix.  And many of us fall prey to the short term attraction without consideration of the long term consequences.

Standing by your plan takes immense courage and determination.  With the presumption on my part that your strategy, goals and visions are sound in concept, they must include the option and plan to deviate slightly without losing sight of the overall and primary goal.  It is okay to make small and logical adjustments, but it’s not okay to just abandon the plan.  In retrospect, those who just abandon the process of management and continually start over and over will find their original and subsequent plan(s) were terribly flawed to begin with.

Courage of conviction means confidence in you as a manager.  Confidence in you means rewarding results.

Regards,
George F. Mancuso
President
Client Growth Consultants.com

12/19/10

Are We Really Going To Be In Hard Times in 2011?

Q:  Are we really in hard times?

A:  Today it appears that we have been delivered harder times than we have experienced in the past.  And as with anything else in life, uncertainty exacerbates the situation at hand.  However it is times like this that makes me want to remind my friends and colleagues of that which we already know, mainly because these thoughts are so simple and fundamental;

1.     Things are never as bad as they or the media makes them seem. 

a.    The economists that we listen to (and remain reassuringly consistent regardless of the news) tell us that the markets will begin to improve in February and that the stocks don't fall unless people buy. And people buy because they are convinced that stock prices will increase.
b.    The media has always been the messenger of perceived doom and gloom from those who call themselves “experts” in these matters.  Only if we allow ourselves to be lead into this black hole do their predictions come true.
c.    We Americans are a resilient bunch and have demonstrated time and time again that we know how to overcome adversity and bring our lives back to normal.  And I subscribe to you today that now [IS] one of those times.

2.    What you do in difficult times will result in greater rewards than what you do during the good times. 

a.    Difficult times make or break businesses, careers - and families. Make your own success by not getting distracted by the times and focusing on what is important, what you have to do. You'll benefit from being clear headed and conveying stability in these times, and it will benefit those around you as well.
b.    From within your own circles of friends and/or influence demonstrate your leadership. 

3.    The best times quite often follow the worst times. 

a.    There can't be good times without bad times. Almost 3,000 years ago Solomon recognized that there is "a time to get, and a time to lose; a time to keep, and a time to cast away."
b.    And although these are hard and uncertain times, we need not mourn.
c.    We need not stick our heads in the sand.
d.    We must as individuals and as a group be the “good times” leaders of the world.

A friend of mine told me recently, don’t be a lightning rod, but be the lighting that ignites the rod!  I still firmly believe that in these economic times, we must be the leaders we claim to be during the good times.  When the so called recovery comes, you will be so far ahead of your competition, it won’t even be funny.  Put your “A” game face on, get into the trenches and make your markets, take no prisoners and grow yourself and your business!  If you need help, hire a great business consultant.

As always, I wish you a tremendous week, filled with good spirits, good business, family and great health.

Regards,

George F. Mancuso
President
Client Growth Consultants
Grinnell, IA

12/12/10

This Holiday, Pay Yourself!

PAY YOURSELF!

The holidays can be fun, but they can also add stress to our already crazy existence as business professionals.  If you close your eyes and review 2010 – would you make any changes?  Would your W-2 be higher?  Would you take better care of yourself?

Here is a chance to wave the magic wand…….Picture 2011 as a White Board which is very exciting and full of opportunities!  You can create anything you want for yourself next year.  Now ask yourself this question…..Do you know EXACTLY what you want?  Most people don’t get what they want out of life because they’re too busy worrying about everyone else to take time to determine what THEY want out of life.

During this extremely busy Holiday Season, find a quiet place for yourself for at least one hour.  Close your eyes and envision yourself one year from now, and you are celebrating your BEST YEAR EVER!

Now open your eyes and write down who was at this celebration, what you achieved and  what you have to do (starting now) to make it happen.  Make certain some of these goals are “personal goals.”

Think about this…..
What you do for a living is admirable!
What you do for a living is challenging!
What you do for a living changes the lives of other people on a daily basis!  How incredible is that?

Put yourself on your Holiday Shopping List.  Reward yourself each month of 2008 when you achieve your monthly goals.  Your clients, your peers, your friends, your employees need YOU, to take care of YOURSELF in 2011, so that you can take care of them.  Just call this "Business Management" at in it's finest hour.

Don’t be afraid to pay yourself!  It will be well worth the investment.

Regards,

George Mancuso