First, I want to thank you for visiting
my site.
Simple Business Observations:
1. Lack of Imagination often
masquerades as DOCTRINE.
2. People speak of " Outside the Box ", but many do not understand the term
(and secretly don't want to, the freedom it compels frightens them )
3. The most overlooked quality of a business decision is subtlety. I
will never forget the moment
George Bush Sr. made the mistake of looking at his watch during a debate with Bill
Clinton. It was to many, a seemingly
innocuous moment, but it led to a huge shift in perception. Perceptions are often thin
vapors that seep out of our message
and unintentionally color the outcome. I often hold " Perception Dynamics " meetings where
we explore all the possible
clicks of the gears and how they may alter perceptions.
4. EGO is a negative constituent in the
decision making process - it is ulterior in nature and
it corrupts motivations! It leads
to willfulness over the truth - the clean, clear and right
choice. It slams the door on open ( free ) discussion and ideas
while
fostering personal agenda over the decision making process.
EGO is not objective, it is subjective. EGO is not an
expanding
quality, it is a contracting quality. Do not confuse EGO with
drive, ambition or hard work - they are virtues. EGO is
emotional -
negative emotion destroys authority. Check your ego at the door and come into the process with a
clean
sheet of paper.
5. Help anyone you can, in whatever
way possible. If they need advise, give it freely. If they need
direction, take them in tow.
Keep in mind there is no one on this earth you can't learn
something from. Give everyone their dignity. Be honest and
correct in your dealings with everyone you come in contact with. Larry Bird
(Boston Celtics) said it was his job to make
everyone look good. He passed the ball often and taught
other players the rewards of teamwork. If you want to be a leader,
be a
Good one.
6. Never practice contempt before discovery - freely use your
imagination.
7. Salespeople are not simply
salespeople, they are business people - first and foremost.
Open your mind and
dream. Do not create limitations in your mind or see yourself in
a box. You are at the forefront of business decision
making.
Relevance
Whether a company or an individual,
your first and foremost responsibility is to remain relevant.
Companies and individuals
become irrelevant on a daily basis
and are left asking themselves a well worn question, " How did
this happen?" If you have
any doubt about this, recall names
like Digital, Wang and Data General or ponder the plight of your
neighbor/co-worker who
has lost a coveted management position
because he was a good manager ( just about anyone can manage )
but had let
his/her true
skill sets get rusty and outdated. In the Marine
Corps you are vehemently informed that no matter what your
MOS (
pilot,
mechanic,
etc. ) you are first and foremost a rifleman -
grunt. So it is with your career... you can never stop
learning and
you must stay current - relevant. We must always "embrace
change" ( a phrase so verbally bleached-out that
it has become
mindless-marketing mantra and hackneyed ) and see ourselves in
another light - Individual as Corporation.
Individual as Corporation
If a company is responsible for its success or failure, so is the
individual - Business Existentialism 101. We can no longer
expect the company we work for to "take care of us." Those days are
gone. You may work for a company but you are
really working for yourself.
Yes, you do a great job for your company, but you are doing it for
you. You are the product!
You are the
corporation and you are ( unless you work for the Post Office )
responsible for updating your skills, staying
current with changes
in your career field and most of all, you are responsible for the
creation of your opportunities.
Your best weapon against job
loss, career loss and failure is to remain relevant - and
that is on you. ( Introduction to
"Individual as Corporation" Seminar )
Business Consulting Examples
I use the basketball expression,
"push the ball upcourt" constantly when I am speaking with marketing
and sales people.
For me, it embodies all of the elements of winning. It is high energy,
thought-out, focused and wholly offensive. It screams
"attack." It
abandons second thinking and it is willful. I don't go to work, I go
to war. I don't want a fight, I want a battle.
The art of image, positioning and
sales is more important today than ever - clique...yes, but true. I
have seen business cycle
back and forth for over twenty years. In the end, many of your business issues can be seen
in the following example
1. Your a plastic injection molding
company in Leominster, Massachusetts which has been in business for
40 years. Global
Sourcing (LCR - Low Cost Region Out Sourcing )
has stripped away your oldest and largest customer, say...Kodak.
You
can't find experienced employees who will work for minimum wage ( no
high school kid in Massachusetts or
New Jersey will work in a
factory pulling parts out of an injection molding machine - they
have no historical context for
(that ) and your only real option is
to hire Cambodians or other third world workers. OK, that's one
answer - lower wages,
reliable workers. But that does not help you
with Chinese imports or those from India, 40+% below you on
part costs
and tooling is, for all practical purposes, free! By the
way, we're not talking about volume ( 100,000 parts ) that's for
short
runs! Moreover, business taxes, energy and environmental
regulations are costing you a fortune. You have changed
your medical
insurance provider 3 times in the last 5 years and you can only
think about Workman's Comp with a glass
of Jack Daniels in your
hand. Last but not least, your
local business base is contracting and you will, for the remaining
life of your company, no longer enjoy a regional status ( low,
predictable sales and marketing overhead ). You are now
traveling
the country looking for new business opportunities, hiring reps,
entering trade shows...spending that
recommended 2-3% of gross
annual sales for marketing that you never had to expend before. You
preach daily about
NBO's ( New Business Opportunities )
to your sales staff. Did I forget to mention that injection molding
is really a
regional venue? Here's the wrench through the window:
your largest customers are quoting your jobs
through
online auction! Your 45-60 and need this company to last
another 15-20 years...Your company, product or service
must remain
relevant.
This does not look good. You're not
alone. If you think the worst has happened - you are only now seeing
the clouds
before the storm. I have been through this scenario and
there are ways to win. Call for your free audit.
2. You have developed a system and
associated chemistry ( expendables $$ ) to automate PAP SMEAR samples which will|
increase lab through-put by 400%. Samples have traditionally been
individually screened by hand. This screening process
will save many
women from the ravages of cervical cancer via early detection on one
hand while cutting cost, enhancing
sample accuracy and drastically
reducing process time. The test system and expendable chemistry
require complete FDA
approval, investor funding/venture capital and
a complete PR campaign directed at all pertinent media editors,
doctors,
hospitals and independent labs. You require a complete
marketing package: market analysis, branding, logo, sales
literature, web site, product updates - a comprehensive battle plan
complete with progress markers - which must be met if
venture money
is to continue inbound while testing and certification are still
ongoing...before you have turned one nickel
in profit or return.
This looks good. However, timetables
must be met and the message has to be tuned and compelling. This
scenario is
fraught with capitalization, design/manufacturing engineering, market window and security issues.
3. You have opened a self storage
business in the Boston area. You are going up against the national "
big boys " who are entrenched, market savvy and work all of the
media outlets: papers, mailings etc. Just as you open your facility,
a less than desirable word pops up on everyone's web pages and print
ads: " DISCOUNT." Discount means tough competition and more
important, diminishing margins. You have a good location, Rt. 128,
your facility is sparkling new and your staff is more than competent
and customer tuned, excited and true to the company mission -
they believe it and they see it as an avenue for advancement.
This looks good. The ability to
position this company is very promising. Effective use of media
outlets, industry journals
( Editors ), local print media and radio
ads offer high percentage gains. You need a web site that is
effective and
memorable - most sites look the same. Distinction is
everything in this situation. Have some fun! Your literature cannot
be market worn - Blah, blah, blah... Your message can't be
annoyingly "market stream" ( I'm like them and they're like me
-
you better know there is no one like you! ).
Personally, when I go on sales calls with salespeople and I hear
this I get
vexed. Jordan's Furniture is a good example of taking an
everyday product offering and making it into something memorable,
fun and unique. The message - for that matter the whole identity of
your company - needs to be
" happening." I don't care if your making screws or
Coronary Angioplasty disposables, you can make yourself truly
distinctive within the ranks of your competition.
4. You are increasing sales by double
digit percentages: 20-30% annually. Your factory is "asses and
elbows" and you could hire 20 people on the spot if you could find
them. In short, you are "kicking ass and taking names." At the end
of the year,
you walk into your accountant figuring there will be a
pile of money for bonuses, dividends etc. There's a problem.
"Yeah...
your up 25% and things are crazy in the warehouse, but your
profit was up 1%." There is a discipline about taking profitable
business, unless you want to sell the business. I have seen
several companies come to this conclusion and restructure
for profit
instead of low-to-no profit volume. LM76 ( www.LM76.com ) Linear Motion
Bearings is one such company and the
result is this: profitable
business, lower overhead and fewer heart attacks. Big is only
beautiful if your are making money.
Whether you are a mature business or
a new idea, Quinn Design Works can tailor a plan for success. Quinn
Design
Works will not offer you suggestions that you cannot
implement. QDW is critical, focused and real. Moreover, our fees are
the most competitive in the industry. Lastly, we only deal in one
commodity, the truth.
I once saw an interview with Dr.
Jonas Salk ( polio vaccine ) and he was asked the following
question, " Out of all the millions
of possible vaccine combinations
that could of been tried, how did you possibly find the right
combination of antigens to fight
this horribly crippling
disease that terrified parents and children from 1921 - 1955? " Dr
Salk's answer was simple, yet
profound, " You have to keep in mind
that the answers to all of Man's problems, past, present and future,
have always
existed...you just have to ask the right questions."
And so it is with all things,
including business.
Best regards,
Mike Quinn
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