Tag: Business Coaching Bristol Bath

Make yourself scarce

Exit signMake yourself scarce

No, I don’t mean go away. I mean make what you do or who you are a scarce resource and see what happens next.

It works for me. Too many times in the past I have made myself a commodity and then wondered why no one was prepared to pay a premium. If I delivered copy writing it generated little in terms of value. If I delivered marketing advice it had the same impact. Why? Because they were generic and there are so many others out there promoting a similar service.

I like it rare

So I changed my offering that reflects who I am and what I want to be. My personality, background, training, education, experiences all add up to make me unique. And that uniqueness is where the value is. Because what people buy in the coaching, mentoring, knowledge industry is a point of view. One that is interesting, insightful, worth hearing.

By focusing my offering on my uniqueness I am being authentic and in doing so make it easier to be found by those people who value my point of view.

Slow down a moment

Before you go finding out what makes you unique in the hope of making a fortune there is another part of the puzzle to solve. Uniqueness or scarcity is not enough. If I were an underwater basket weaver I will most likely be alone in my skills sets. But I will not justify high fees because there is no need for this service, no matter how good I am at it. (If I am wrong, let me know and I will start the training to become one.)
The other factor that determines value is the ability to make a positive difference. If your uniqueness makes a real difference in another’s life then they will pay for it. The bigger the difference the higher the premium.

Compare and contrast these two offerings.

One is the ability to rework the formula in a spreadsheet so that it is error free. That is worth paying for if it matters to the person who owns the spreadsheet.

The second offering is the ability to negotiate the best exit strategy for a CEO of a multi-million pound company. This too is worth paying for.

The question is – who gets more? I suggest that it is the latter who gets the bigger paycheck.

So make yourself scarce and make a positive difference and then see what happens next.

Writing a plan – what is the point?

Writing a plan – what is the point?

By the time you have written the plan everything has probably moved on and it is already out of date. Or the process of writing the plan has left you in no fit state to carry on the day job.

Executive coaching BristolOK, a plan will give you something to focus on, if you find yourself with time on your hands. It will also help you to work towards an objective or goal. But with so many areas to consider, so many scenarios to incorporate into the plan to make it worthwhile, one has to ask the question – is it all worth it?

My suggestion. Why not write down a completed actions list?

That is one way I have found of capturing activity to reflect if it is going in the right direction. I know in my own mind what i am heading towards, i did that heavy lifting months ago. All I want to see is how I am progressing towards that goal, not how much still lies ahead.

By writing down the work done and the time, I can then look back with a sense of pride about what has been achieved. I can also change direction much quicker if my goals have changed.

So what do you do – do you take the adage that failing to plan is planning to fail? Or do you record activity and let the future take care of itself?

Let me know.

DISC Personality Assessment

Personality Assessments – DISC 

 

Organisations are made up of individuals, each of whom is unique. Gender, age, experience, skills, aptitudes, upbringing and so on. They each have strengths, limitations, motivational needs and have their own individual preference as to how they wish to be treated.

 

Seek to understand and be understood

 

If we can understand ourselves more, then we can enhance the way that we interact with those around us.

The DISC Personality Assessment helps us to decode the language of behaviour, the way we interact with one another and within groups.  What does DISC mean? It is an acronym made up of the first letter of each of the main personality traits.

 

  • D    = Dominance
  • I      = Influence
  • S    = Steadiness
  • C    = Compliance.

 

In less than 20 minutes the assessment provides an accurate insight into how you behave at work, answering questions such as: what are your strengths and limitations? How do you communicate? What motivates you? How can you enhance your value in the work place?

 

DISC – what it means  –  have a look at how it works here.

 

How does it work?

 

Research has shown that behavioural characteristics can be grouped together in four major areas called personality styles or traits. People with similar personality profiles tend to exhibit specific behavioural characteristics common to that profile.

Knowing who you are, what motivates you and almost as important, what demotivates you, is the foundation of a successful and fulfilled life. It means you can play to your strengths and work around your limitations.

Once you know how you would like to be treated, it gets even better.  Once you have a full grasp of your own self-image, you can then start to discern how others might think, act and feel.

After years of research we have concluded that the best determinant of personality traits or styles is the DISC personality assessment.

 

What do I need to do?

 

It is a simple online personality test comprising 28 questions. It takes less than 20 minutes to complete.

Our DISC personality assessment gives you the means to motivate, stimulate and encourage people in your organisation by raising people’s self-awareness, self-esteem and confidence.

 

What are the benefits of assessing personality or temperament?

 

Here are the key benefits:

  • Makes a good team great by building mutual understanding
  • Increases motivation as each person is treated uniquely
  • Improves communication and trust
  • Becomes a powerful force for change
  • Turns around underperforming teams
  • Enhances personal and team courage – breaks down the blame culture

 

Does it show ‘good’ and ‘bad’ qualities?

 

No. It provides an understanding of how a person prefers to behave at work and the characteristics they will demonstrate. There are no ‘right’ or ‘wrong’ answers or ‘good’ or ‘bad’ qualities.

 

If you want to know more about how the Business CoPilot DISC Personality Assessment can help you or your team call us now on 0117 317 8147 or email me at robh@businesscopilot.co.uk. If you wish to purchase an assessment, the cost is £133.50 plus VAT.

Create a compelling vision

Getting your business to fly in formation

Time can only be used once. Ensure you spend it wisely.

To build a truly successful business, you first need a vision – one that will set you alight with excitement, and give those around you something tangible that will capture their imagination.

Your vision will excite and inspire people to follow you – and will be at the core of everything in your business. Your vision will generate extra commitment and effort. It will translate directly into greater profitability and increase the capital value of the business. In addition, it will lay the foundations on which others can build.

Why is this important? Well, as the team around you take ownership of the goal, the goal takes on a life of its own, opening the way for you to focus on other business priorities, build profits and maybe even for you to have the time to have… a life!

Do you have that inspiring vision?

Do you have in mind a destination that you and your business are heading for? If not, then as that old saying goes “If you don’t know where you are going any road will do”.

What is a vision statement?

There are numerous definitions of what a vision statement should be and what it should include. At its simplest a vision statement should answer the following questions:

  1. What does our company do?
  2. Who are our ideal clients?
  3. What service or product do they want to purchase from us?
  4. How will we measure success?

If you can answer those questions then you should have a single message that you can communicate across every channel. It should be built in to your company’s operations and culture so everyone lives and works by it in every aspect of their role.

Where to start?

You start by simply daydreaming. It may be hazy and nebulous at first, but work at it – wafting away the mist to reach the core idea, the spirit of your vision. It may take days, even weeks. The nice thing about this constructive daydreaming is that it doesn’t stop you working while you are doing it. However, beware of thinking, as you dream your dream: ‘Oh we couldn’t do that! It’s just wishful thinking.’ It’s even easier to get lost in the how-to of it all. Don’t be held back by what you think is possible, or you will end up limiting your vision. The moment you catch yourself starting to think of how you will achieve your dream, stop, and go back to the what – the big picture. Right now, you do not need to burden yourself with reality.

 What does a vision do?

There are many advantages of having a clear view of what the business is designed to realise. A good one does several things.

Your vision will ensure that everybody in the company knows what the business is striving to achieve. As a result it allows them to focus their efforts on the things that make a difference and in so doing it motivates them to deliver the results over the long term.

If you define a clear vision you will have included in it some aspect that will differentiate you from your competitors. As you grow you will need to demonstrate that you are offering something that is different and better, and so ensure potential clients select you in preference to your competitors.

Finally it is also a unifying factor in holding an organisation together. The best example we have come across is a company called Spencer du Bois. Their vision is to work with clients whose ambitions go beyond the bottom line, to make a real difference. So they primarily work with charities, educational and cultural institutions and ‘ethically enlightened’ companies. That means that their employees know that they will work on projects that mean something to them, the clients know that they will work with people that share the same values. It all adds up to building an excellent reputation that will attract the right sort of work and will enable them to repel the sort of work that they don’t want to get involved with.

In short, your vision will excite and inspire people to follow you – and it will be at the core of everything in your business. More importantly, it will lay the foundations on which others can build, and so allow you to escape from your business. After all, Kennedy acted like any good business leader – he didn’t build the rocket or choose the astronauts: he just set out the vision and persuaded people that it was one worth pursuing.

We can summarise the benefits of you having a vision statement as follows.

It will:

  • Paint a picture of an aspirational, desired but realistic future;
  • Be distinctive, credible, memorable, and command attention;
  • Inspire and liberate;
  • Be succinct and context free;
  • Be ambitious but achievable;
  • Create ‘clear blue water’ differentiation.
  • Attract the sort of business you want to be involved in
  • Repel the sort of business you do not want to be involved in

It works for Richard Branson

How does it work in practice? Richard Branson has a clear vision of the kinds of people who will work for him. As far as he’s concerned, Virgin people are easy to spot. ‘They act in unusual ways, as it’s the only way they know how. But it’s not forced – it’s natural. They are honest, cheeky, questioning, amusing, disruptive, intelligent and restless… Virgin people are smart.

‘There are certain attributes that we look for future employees to possess. A Virgin person would typically:

  • Have a passion for new ideas;
  • Think “differently”;
  • Have signs of creativity;
  • Smell new business opportunities;
  • Always listen to customers.’

‘I joined Virgin because I wanted rock ‘n’ roll. I wanted the big challenge, the big job, the big car, but I wanted rock ‘n’ roll as well’ – and that came from a stuffy old Finance Director!

How to create your vision

Coming up with a vision begins with thinking about what it is that you are trying to build. Start by writing down what your business will look like at some point in the future.

Imagine yourself arriving at your office in five years’ time and describe what you see.

What sort of business is it? What will you deliver to your prospective clients? How big? What kinds of people do you have working for you… and what about the customers? How would you describe the ideal client? Are they corporates, global players or local shopkeepers? There is no right answer at this stage, only an image of what you want them to look like. After all it is this group of people that holds the key to your long-term future. What do they want from you? More importantly how will they derive value from using you? How do people behave towards you, each other, your suppliers… your clients? What is the culture or set of values that binds you all together?

Keep imagining what it will look like. Add anything in that you feel will shape the company’s identity. Brainstorm with other people; get loads of feedback from past and current clients, colleagues, acquaintances, friends and family about how they would describe you.

If you prefer pictures to words, we suggest that you use a mood board. Get a decent size piece of card and stick images on it that reflect what it is that you want it to be. Take off the “horizon limiter” during these sessions. Think about what it could look like. If it helps, have a drop of wine or similar to get the creative juices flowing.

Things you might consider

What goes into your vision is entirely down to you, the type of business you are in and where you are on the growth curve. The only check that can be applied to see if it works is – “Are we still heading towards it?” The basic elements of your vision might include:

  • The purpose of your business (which isn’t to make money – that’s just a by-product).

For example, ours is: ‘To help ambitious business leaders achieve profitable and sustainable business growth.’ This clear purpose underpins everything we do.

  • What products and services you offer in their totality or described in terms of the value they create. Be creative; expand on the value the clients get, rather than what it is that you do. For instance we could argue that all lawyers offer legal services, all of them are competent, all of them are qualified, and all of them say that they are personable. If you look at their vision statements it will probably contain one or more of these. If you were a lawyer, your vision statement might want to capture some other aspect of the benefit of using you. You might want to include something that you do really well such as speedier, on line, 24-hour access and so on. Each of these describes ways of achieving a difference.
  •  Who will buy from you? It is unlikely that everyone or anyone will be your target market. You will need to cut it up into smaller pieces and select one to focus on. How will you cut up or segment the market? What are the similarities between them and is the segment big enough for you in the future. You might look at the way your customers feel about the business.
  • What you compete on and what makes people seek you out above all your competitors
  • The feel of the business – what it looks like physically, how it acts, what kind of equipment you use, how your employees feel towards each other, their customers and yourself
  • Your geographic scope – where you are located, where your markets are
  • Finally, you should include some financial metrics to ensure that you keep the business side of things in focus. No business will succeed in the long term if it does not make a profit. What should that profit be? It depends on a whole raft of things. Ultimately it is down to you to decide. You might want to include some or all of the following: the size of your business in terms of turnover, profit level, and annual growth. Insert them at the end of the vision, as you might not want your suppliers to see these!

Remember, vision, differentiation and communication can move mountains! They certainly got a man to the moon.

Turning it into reality

Having gone to the trouble of drafting the vision statement, you then need to ensure that it is used as the basis for everything that you do. Turning it into reality means:

  • Allocating roles and responsibilities. Spell out to everyone what they are expected to do towards delivering to the vision statement. If we return to Kennedy for a moment, there is a famous anecdote to demonstrate the extent to which the vision captured the imaginations of everyone. On arriving at the space centre a visiting congressman asked the car park attendant what he did. “I’m putting a man on the moon, sir” was the reply.
  • Keeping it alive in hearts and minds of employees. Be creative here too. Before every meeting, place a copy of it and read through it. Ask everyone to yell out if the conversation is moving away from the agreed vision.
  • Connecting it to strategy and action programmes. Keep asking yourself – is what we are doing or planning to do going to get us closer to where we said we wanted to go?
  • Identifying critical success factors. Set out a few milestones along the way and most importantly celebrate when they are met. A sincere well done is a huge motivator.

However, your vision will die a slow, lingering death if:

  • Employees are rewarded and remunerated to do something else.
  • Employees are not empowered or equipped with skills to do what is necessary.
  • It isn’t constantly communicated and reinforced.
  • It isn’t based in reality (as well as being achievable and flexible).

Having developed the vision, you then need to communicate it. It is at this stage that things usually start to go wrong. Our experience is that it will only work if it remains visible and out of the business plan/lone sock drawer. Have it drawn up and framed to hang at the most visible part of the building. Have lots of them; support them all with examples of success.

Summary

You need a vision statement to ensure that you focus all your resources on things that matter and make a difference. Long-term sustainable growth, which is the hallmark of a successful business, comes about through leadership, careful planning and the allocation of skills, talents and knowledge to deliver benefits to clients that generates long-term profits.

The final thought on having a vision goes to Peter Drucker, a wise old bird who has given so much to business over the years:

“There is nothing so useless as doing efficiently that which should not be done at all.”

Wishing you every success in accelerating business growth.

Robert M. Hook

The Business CoPilot

Failing to plan is planning to fail

Yes, I know it is a bit clichéd. But we have sound evidence that most small firms do not plan well enough to ensure that they grow in a way that is sustainable and profitable.

Personally I have no problem with a one page business plan that resembles an action list rather than the deep, structured formal plan. It reflects where they are and  most probably the variability in the environment in which they are seeking to operate.

Anyhow, back to the evidence. We asked 35 people to complete a Gap Analysis of what they need to strengthen the most. The response was a need to have a plan and have goals and objectives to make the plan happen.

If you want to add your insights to the research, do feel free. Business strategy assessment.

Five steps to a marvellous marketing strategy

To doSo, you’ve written your business plan and you can’t wait to put it into practice. Excellent! I’m excited to see how it goes.

But wait – where’s the marketing strategy? There’s no mention of your customer, or how you will reach them. Why not?

I may be misrepresenting you, (and if so, I’m sorry!) but the fact is that many businesses of all sizes underestimate the value of a marketing and don’t include it in their plans.

Failing to include a detailed, achievable marketing plan from the beginning can mean that marketing becomes a reactionary (and therefore inconsistent) process rather than a clear strategy (which is what really works).

GrowthAccelerator suggested these five tips for creating a solid marketing foundation which will weather the changes inevitable in a fast-growing business.

1)      Embrace it and commit to it.

Deciding what you’re going to do is the easy bit. It’s putting it into practice which takes time, dedication and effort, but it is also this which makes it work and brings you the benefits (basically, more customers).

2)      Link it with your key business growth drivers.

Marketing isn’t separate to business, it’s a valuable part of it and should be treated accordingly. Make sure it’s integrated with the business plan, using the same concepts and key drivers as you do for processes, finance and business strategy.

3)      Make it achievable and measurable

It can be easy to talk about grand plans for marketing, and find that they are more difficult than you expected. Think about how much time and manpower you can allocate to marketing, and be realistic. Measuring your outcomes is key to finding out what works best, and calculating your marketing ROI.

4)      Assign responsibility and ensure accountability

Make sure those responsible for the marketing strategy know what is expected from them, and review regularly to ensure accountability.

5)      Review, revise and improve

Looking back to step 3, the value of making a target measurable is using those measurements to improve what you’re doing. If something doesn’t seem to be working, don’t always discount it, as some tasks need time to build and gather momentum. Most important is identifying what has worked, then sustaining and improving on those factors. Include marketing in all review meetings, to ensure it is discussed alongside and as part of the key business drivers.

You can read the original article here.