Oh wow. Over two weeks has flown by since my last post. I am thinking about warm, sunny beaches, ocean and sunsets today so here is an amusing post from matadornetwork.com. You can test your Spanish, or translate it (roughly!) with the widget on the upper right.
Picasso and the Napkin or: ‘Be a Consulting Pro, Not a Consulting Ho’
Are you offering free consulting without realizing it?
Upon first reading this, a Silicon Valley episode (spoiler alert!) came to mind. In it, Richard, an entrepreneur, and his team are prospecting for investors and meet one particular group that seems very interested and excited about everything they have to share. A few days later they decline to invest and instead take all the useful information they gleaned from Richard’s team and use it for themselves to develop a saleable product. BTW – the series is extremely funny and highly recommended. It’s just not so hilarious when it happens to us IRL.
The information we gather and learn as professionals is valuable and perhaps the advice below is a little cynical. Unfortunately, more often than not, it also holds true. Read on.
Originally posted on Carol Roth: Tough Love for Business
The working title of this post was “Be a Consulting Pro, Not a Consulting Ho.” I can argue that consulting might have come before what is generally considered to be the world’s oldest profession. And we are renting our bodies, too – our brains.
Yes, fellow brain-renters, people pay us for our knowledge and expertise. It’s an intangible, but often quite valuable. They pay us for the things we have learned over the years. They pay us so that they can save time, save money, save aggravation, etc.
There is a famous (possibly apocryphal) story about Picasso and the napkin drawing where someone in a café asked him to draw a picture on a napkin. Picasso then asked a large sum of money for something that took him a minute or two to draw. He justified the price by saying it took him 40 years to be able to draw it.
Did you just have an “ah-ha!” moment? I did when I first heard this story.
Honestly, as much of a consulting pro as I am (having worked as a solo consultant, project employee for the mid-tier firms, and full-time employee for three of the former Big Five), I still struggle with this.
I do understand that you want to get clients and, sometimes, it is easy to just give it away. Especially if you really enjoy doing it. Helping people develop business strategies is like eating popcorn for me – I love doing it and I can’t stop myself.
Ways to give it away
If you know you are giving too much away, here are some suggestions:
- Create an “office hours” time on your calendar and have a way for people to book that time with you or join you on a conference call line or Google Hangout.
- Develop some kind of assessment offering that is easy for you to do and valuable for your prospect. Give it a special name so it sounds important. Create a few time slots that you dedicate to providing this. Make sure people know that it is a good way for both of you to see if there is a fit for you to work together more.
- Create a webinar that you give periodically that people can sign up for. This will have reusable content so it won’t take a lot of your time after the first time you give it.
Ways to make them pay
Here are some things to try if you are having trouble saying no.
- Make people pay a small amount so you weed out the real tire kickers – maybe $15-30 for 15-20 minutes. You can even add this to your services page with a link to book you for that.
- Create a low-cost webinar so that people are getting good information, but you aren’t spending a lot of one-on-one time. This way, they get used to paying you for your knowledge.
Ways to avoid coffee dates
So, what do you do about the dreaded “can I buy you a cup of coffee” request? Honestly, I mostly try to redirect that to a short 20-minute chat, unless they are a very close friend, possible business partner, referred potential client, or Bradley Cooper.
This sounds snotty, but I lose three hours of my day meeting for coffee between getting ready, getting there, having the meeting, and getting home. You need to be pretty interesting to get me to do that.
You also could direct them to the free ways to work with you mentioned above.
Ways to avoid premature proposals
Consultants start to get excited when a prospect asks for a proposal. We think that means that the prospect is serious, and that they might actually hire us.
Here’s the thing, proposals take time – often a lot of time. And you may give away too many ideas too soon.
To avoid premature proposals, try the following:
- Get the prospect to clearly articulate their need or exactly which of your services they are interested in to solve which of their problems. Clarity is key here to avoid having to send a second proposal. Also, try to confirm that they have a budget to avoid a giant time suck.
- Have the prospect complete some sort of detailed intake form or survey or inventory. Making them do something that takes time will weed out some tire kickers. They think their time is valuable, although they may not particularly value your time.
As you can see, there are specific situations where it makes financial sense to give them a quickie, as you have a good chance of acquiring a long-term client.
What should you do with the obvious tire kickers, freebie junkies, and entitled who think they don’t have to pay for your hard-earned knowledge?
I recommend you tell them what I do, “No, you can’t pick my brain.”
Original post is HERE
The Necessity of Failure
I would hope by now, that everyone understands that failure is nothing to fear. Also understand that getting to that point is a real trick sometimes.
“There are very few black-and-white truths in management or in business, but one that I have found is that people either hire people who are smarter than them or people hire people they can control. I see it over and over again. I’ve always hired people who are smarter than me. I rowed crew in college, and I’m always thinking in those terms — will they make the team better?” ~ Nancy Dubuc
Originally posted on NYTimes
Nancy Dubuc | The Necessity of Failure
Nancy Dubuc, chief executive of A&E Networks, has made her mark on cable television by taking big risks. But for every success, Ms. Dubuc says, she has learned from important failures.
This interview with Nancy Dubuc, the chief executive of A&E Networks, was conducted and condensed by Adam Bryant.
Q. Tell me about when you were younger. What were some early lessons for you?
A. I grew up in Bristol, R.I. I had grandparents and great-grandparents nearby, and because I was the only grandchild until I was 12, I was the center of a lot of adult attention.
I’ve only come to realize this within the last couple of years, but because I was part of so many different households, I was able to be a slightly different child in each one of them. That openness to change was ingrained in me at a very young age. I think it helps me to this day, because I can walk into a meeting, size it up and pivot. That’s not something you can teach.
Were you in leadership roles in high school?
My interests were more extracurricular, more external and more social than they were academic. My birthday is also in December, so I was one of the older kids. That meant I learned social leadership early on. I was always just much better in a team and work environment than I was in a classroom environment.
How have your parents influenced your leadership style?
The directness of my mother is clearly in my voice. Her opinion is always a very strong opinion at the dining room table. I think she empowered me to have the same drive.
My stepfather and I had long drives to school together, and I was never allowed to listen to my radio stations. It was either NPR or we would talk. One of the things that he used to say to me often, and I’ve taken this with me, is “Don’t worry about it, because it’s not going to turn out that way anyway.”
I don’t think you understand that when you’re 16 or 17 years old, but now as I look back on it, so much of what we worry about is the outcome, and outcomes rarely turn out the way you think they are going to. It doesn’t mean you shouldn’t have patience and discipline and drive during the process, but only thinking about the outcome is in some ways very singular, because the outcome might be something different, and it might be better.
When did you first start managing people?
I worked at an outside production company for five years. People didn’t report directly to me, but I handled a lot of logistics, like schedules and budgets. Then, over time, some of the field producers started asking my opinion about their work — “Could you look at this and tell me what you think?” I aspired to be these people someday, and they cared what I thought about their work. That’s when my creative confidence grew.
And what was your first formal management role?
I was put in charge of development for A&E. I suddenly had eight people reporting to me, and I had to let some of them go.
Because?
I have an innate passion and competitive streak to win and to create, and I want our team to be better than everybody else. Some people thrive in that environment, and some people don’t.
There are very few black-and-white truths in management or in business, but one that I have found is that people either hire people who are smarter than them or people hire people they can control. I see it over and over again. I’ve always hired people who are smarter than me. I rowed crew in college, and I’m always thinking in those terms — will they make the team better?
Another pattern I’ve seen is that managers will sometimes complain that one of their employees is difficult to manage. But those difficult people also tend to be the best performers. Sometimes managers don’t realize that they actually have to manage people. You have to figure out what motivates them. Great managers recognize that there is no one way to manage. You may have to be 10 different managers to get the best out of your team.
How has your leadership style evolved?
I lead with some core principles. I need to trust who works for me, and they need to trust me. Trust is just paramount. And the more people say, “Trust me, I’m here for you,” the less I trust them. It really needs to be trust by action. If people do, act and deliver, I will forever give those people more leeway.
I value people who have something constructive to say and can make things better. Anyone can have an opinion about what’s wrong with something. I can’t stand the pile-on effect when something didn’t work. But then somebody might say, “Well, what if we did this?” It may be wacky and it may not be the right thing to do there, but at least they’re trying to solve the problem.
How do you hire?
A lot of it is intuition. I also think about the skills I have and the skills I need. I’m a big believer in the idea that people tend to fall into one of three camps — you’re either a thinker, a doer or a feeler.
So I’ll be thinking about the mix of those three groups on my teams. If you have all thinkers, nothing will get done. If you have all doers, that can be really chaotic because you’re not necessarily thinking about the consequences. And feelers are important because they create energy — but if you have too many of them, they will just dramatize the moment.
When you put the different kinds of people together in the right way, that can be very powerful. You never want that out of balance.
And which camp are you in?
I’m more of a doer. And when I have time, I think.
The Ultimate Guide to 150+ Google Analytics Resources
On Google Analytics – Originally posted on KISSmetrics.
Are you ready to get the most out of Google Analytics? If so, we’ve collected the ultimate guide to over 150 Google Analytics resources you can use, including the top official Google Analytics channels, Google Analytics integrations, tools for Google Analytics, and articles about Google Analytics.
Official Google Analytics Channels
Stay up to date with the latest Google Analytics news, and get support when you need it via these official Google Analytics channels:
- Google Analytics Blog – The official Google Analytics blog for news and features updates.
- Google Analytics Help Center – The official Analytics Help Center where you can find tips and tutorials on using Google Analytics and answers to frequently asked questions.
- Google Analytics Developers – The Google Analytics developer platform provides access to the resources used to collect, configure, and report on user interactions with your online content.
- Google Analytics Product Forums – Use this group to ask and answer questions, search for existing answers to questions, discuss this product, and meet other Google Analytics users.
- Google Analytics Academy – Improve your Google Analytics skills with free online courses from Google.
- Google Analytics Training & Certification – Educational resources for users of Google Analytics and those who want to become Google Analytics certified professionals.
- Google Analytics Partners – Whether you need the help of an implementation or analysis expert, or you are looking for a turnkey solution for your business, Google Analytics technology and certified partners are ready with a solution.
- Google Analytics Solutions Gallery – This solutions gallery contains in-product solutions (such as dashboards, custom reports, and segments) to deepen your use of Google Analytics and accelerate your learning curve. Whether you’re a newbie or guru, they will help you learn more about your data through the power of Google Analytics.
- Google Analytics URL Builder – The URL builder helps you add parameters to URLs you use in Custom Campaigns. Then, when users click on one of the custom links, the unique parameters are sent to your Google Analytics account, so you can identify the URLs that are most effective in attracting users to your content.
- Google Analytics on YouTube – The official channel for all videos about and related to Google Analytics. Learn more about Google’s web analytics and online advertising products.
- Google Analytics on Google+ – Follow Google Analytics on Google+ for the latest news, tips, and trends from the Google Analytics team and friends.
- Google Analytics Academy on Google+ – The Google Analytics Academy provides a foundation for marketers and analysts seeking to understand the core principles of digital analytics and improve business performance through better digital measurement.
- Google Analytics on Facebook – Community page for Google Analytics. Please keep discussions on-topic. For customer service inquiries, please contact Google directly.
- Google Analytics on Twitter – News, tips & trends from Google Analytics.
See also: Analytics? Let’s Defer to Avinash Kaushik
Read the rest of the listicle HERE.
The Google way of attacking problems
Liked this HBR post. What do you think of the Google approach?
One Friday afternoon in 2002, long before his company became a household verb, Larry Page walked into the office kitchen and posted some printouts of results from Google’s AdWords engine. On top, in big bold letters, he wrote, “THESE ADS SUCK.”
In most companies, this would be seen as cruel — an arrogant executive publicly humiliating his hapless employees for shoddy work — but not at Google. In fact, his unusual act was a show of confidence, defining a tough problem that he knew his talented engineers would want to solve.
In their new book, How Google Works, Eric Schmidt and Jonathan Rosenberg describe what happened next. By early Monday morning, a group of engineers sent out an email with a solution that not only resolved the AdWords problem, but helped transform Google into a major money machine. The episode exemplifies how Google has built a culture that attacks problems — not people. I see four assumptions that drive that kind of culture:
1. People want to do a good job. Lost in most of the talk about “accountability” is the fact that most people are professionals who want to be proud of their work. Mistakes are not nefarious; they’re often the result of good intentions.
Back in the ‘80’s, “Chainsaw” Al Dunlap was the prototypical CEO. He would ruthlessly downsize, firing thousands of employees in the process, with the purported aim of “creating shareholder value” and instilling a “culture of accountability.” His performance earned him a place on covers of business magazines with glowing headlines.
If Page had instilled that same culture of accountability, he would’ve run straight down to the ads team and took them to task. He could’ve threatened to fire them, demanded that they work through the weekend and promised that, unless the problem was dealt with quickly, there would be hell to pay. Most companies work like that.
Yet what Page did was something else altogether. He didn’t threaten to fire anyone or demand “accountability.” Rather, he offered his engineers a difficult and interesting problem to solve, confident that someone would want to accept the challenge. That speaks volumes about the culture he and Sergey Brin created at Google.
2. Given enough eyeballs, every bug is shallow. Page didn’t go to the AdWords team, but posted the problem in the kitchen where the whole company was bound to see it. In most companies that would be seen as harsh, purposely embarrassing an underperforming team.
Yet the employees at Google recognized it for what it was. Page was simply abiding by the mantra of the open source movement: Given enough eyeballs, all bugs are shallow (also known as Linus’s Law). And the engineers responded accordingly.
Google is a large company, with nearly 50,000 employees strewn across more than 40 countries and, from an organizational standpoint, it looks like many other companies of similar size. It has a hierarchical command structure that manages multiple divisions. Yet the difference is that it doesn’t let it’s organizational structure dictate its operational practice.
That’s why Google still, in many ways, is able to operate like a startup. Its leaders recognize that while some of the trappings of a large corporation are inevitable, you can still preserve your ethos. You never really have to grow up as long as you maintain your sense of wonder and excitement.
3. People perform best at tasks that interest them. It’s also important to remember the context of the incident, which took place in 2002, just as Google was gearing up for its IPO. There was an urgent need to beef up revenues and the problem with AdWords was a serious impediment to achieving that. Most CEOs wouldn’t have put up a note in the kitchen, they would have made sure they got their best people on it.
But think about what would have happened next. A meeting would have been called and, because the “best people” are usually very busy, it would have taken a few weeks to set up. They would have discussed the problem, suggested possible solutions, tested the most promising ones and months later they might have had an answer.
Yet Page understood that the “best people” would be those that were interested in the problem. As it turned out, while glitch in AdWords was complex problem for most people, it was relatively basic for search engineers. They quickly recognized that implementing an “ad relevance score” and ranking ads that way would be a perfect solution.
So the “best people” weren’t chosen by Page, they chose themselves and proved so adept at the task that the AdWords problem was solved over a weekend. Far faster than most CEO’s can organize a meeting among “top people.”
4. Great leaders provide a sense of mission and purpose. Many managers are fond of saying that they consider talent to be their number one priority, by which they usually mean hiring people that went to certain schools or had senior positions at key competitors. However,talent is overrated. It is only effective when directed by passion and purpose.
I once had a business unit manager that seemed completely incapable of coming up with creative solutions. We mutually agreed that it would be best for her to leave our company and she went on to be a very successful interior designer. Obviously, she had no shortage of talent, but it only came to the fore when she could apply it to problems she cared about.
That’s why culture is so important. It’s self-selecting. In enterprises with strong cultures, everybody knows where they want to go and do what they need to get there. In weak cultures, people just do what they’re told. They perform tasks, follow the rules and try not to color outside the lines. There’s no mission to be passionate about.
When he posted that note in the Google kitchen, he knew the culture at Google would go to work. He didn’t have to spell out what to do because he’d already created a company with a mission and a purpose. All he had to say was: “These ads suck.”