July 2007

The quickest way to lighten your luggage on a business trip is to leave the unnecessary and unprofitable items out. The same holds true on a daily basis for your company.

One of the greatest drags on a company’s productivity is having everyone’s attention distracted from serving the most profitable and appreciative customers. And by not serving the rest when you recognize them.

Ask yourself:

“What single client is the most distracting to our attention?”

Now pull your team together and identify whether you can easily reorganize and streamline to provide service and products that satisfy that customer. If you can’t figure that out, then it’s time to invite that client to find their solutions elsewhere.

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By Linda Feinholz, “Your Success Catalyst”

Have you ever stopped and asked yourself if the ‘baggage’ you’re carrying with you in business is serving you well or diverting your attention?

I spent six weeks on the road on vacation this year. All in a single trip. And I did it with one carry-on suitcase, a briefcase and shoulder bag I hand carried through 7 cities. On planes, trains, metros, buses and ships.

I’m all about being nimble and this luggage actually was. I knew I was likely taking too much. Other people who saw what I was taking thought I was bringing much too little with me.

Packing for trips says a lot about how we live our business lives.

I’ve been working with a family business for the past few years. When I started working with them, the partners said they wanted their business to grow 40%. They all stated that goal.

However, when I asked what that growth should be composed of? Well back to that in a moment…

The load I carried on planes, buses, trains and ships came to 37.5 pounds for the carry-on suitcase alone. If I could have left the 3 skirts, two fancy outfits, assorted jewelry, and a heavy long-sleeved top out of the suitcase, I sure would have. I expected to need the latter for the walk on the glacier in Zermatt, and the rest for the time spent on the cruise ship. I thought I might also use them for dinners in various cities.

My itinerary? Paris, Barcelona, Avignon, Livorno, Chittavecchia, Naples, Mykonos, Istanbul, Kusadasi, Athens, Venice, Florence, Rome, Switzerland, Paris.

My clients’ itinerary? They didn’t know what market they wanted the business growth in. They couldn’t decide which niche they wanted to expand. As a result, they had no way to make decisions about the direction to give the sales team or the marketing department.

They had empty suitcases waiting for their decisions. And they didn’t have any idea what they needed to prepare and carry with them to grow their business.

In addition to my suitcase, my shoulder bag with the lap top computer and cell phone and back up drive and cables and papers weighed in at 15 pounds. And 6 pounds for the purse and its contents that included the last of the tour books.

My trip took weeks of thoughtful planning. Decisions about where we would be going and where we would not. What that would be worth carrying and using, and what not to take. What resources I already had, and which needed buying.

Until I got my clients focused on setting their destination they couldn’t figure out the luggage they needed on the journey to build their business. They were completely stalled.

As a result of their work with me, they set clear goals on providing services to a specific type of industrial building and size of business hotels. By taking the time to research their choices and settle on High Payoff ones, they knew which training materials to develop for their sales team, what sales targets to set for each market, and the new resources they needed to give their operations folks to deliver on those sales.

They also knew which old baggage to leave behind – which unprofitable clients they would stop going after, which sales materials would stop being used.

In 5 meetings they defined their market. In 4 months they scripted and delivered the new training to their sales team. In 6 months they had lightened the luggage their folks were carrying by closing their relationships with unprofitable customers. And they had repacked their bags by giving their staff the new skills and materials that supported their sales and marketing folks closing exactly the type of clients they wanted.

Now that’s the right kind of luggage to take when your company sets off on its growth trip.

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Are you one of the folks who always have an idea or an answer when a question is posed? If you’re quick to offer your ideas, and they’re at all relevant, others won’t bother to offer theirs. They’ll just think to themselves “That’s good enough. Let’s get the meeting over and get back to work.”

Here’s a trick that’s quick to learn and easy to use to slow yourself down and put yourself in ‘listening’ mode so that all the intelligence around that table can participate.

Sit on the hand you normally write with
and hold a pen on the table top in the other hand.

It sounds awkward but in fact is easy and looks ‘normal’ to others around the table. Your mind becomes short-wired, distracted and stays alert to the reason you’re doing it. You’ll be able to easily listen to the discussion and give others a chance to get their ideas on the table. As your hand plays with the pen, you’ll find it simple to wait through the discussion to see if you’d like to add anything. And what you add will always be relevant and useful and better than ‘good enough!’

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3 Paths to Profit With High Payoff Silence

July 19, 2007

One of the greatest challenges that business owners and entrepreneurs face is when to talk and when … not to. I found one of my clients running meetings by announcing the topic and stating her opinion about the solution to it as she kicked off the discussion. And she was giving the topic one whole [...]

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Change 1 Emergency and you can change it all

July 16, 2007

Warm up your ‘Avoidance’ muscles. Set aside 15 minutes each day on your calendar for the next fifteen days and label them “Contingency Planning.” On the first day, answer the following question: “What are the top 10 external changes that could occur?” Use the next ten days to explore each one. Then use the following [...]

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Are You Practicing High Payoff Avoidance?

July 12, 2007

Napoleon Hill and many motivational speakers who followed him speak of the natural and necessary progression from idea to decision to action. Lack of the first two means no meaningful action will take place and success sits on the sidelines, waiting. In over 20 years of working with growing businesses I’ve found the true most [...]

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Change 1 Goal And You Can Change It All!

July 9, 2007

When was the last time you reviewed your goals? You may not intend to set up businesses with 40-generation life spans. What of 40 months? 40 days?  In less than 40 minutes you can set clear goals for your efforts and energy and for the rest of your team. Put your calls on hold. Open [...]

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High Payoff Lessons from Delos, Me and Art

July 5, 2007

By Linda Feinholz, “Your Success Catalyst” Taking a long cruise can shift it all! On day ten of a 12-day sweep around the Mediterranean I was reminded of one of the critical success factors behind creating High Payoff Results in business and in life. I passed a woman in the corridor this morning who was [...]

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Change 1 Passion And You Can Change It All!

July 2, 2007

You have a chance to completely reshape your world and inspire others when you add it to your work in the world!   Grab 2 pieces of paper. On the first piece, create two columns. Now in the left hand column list what you love about your work. In the right hand column list what [...]

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