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			<title>30 Under 30 | Confirmation</title>
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			<description><![CDATA[Thank you!<p id="appid"> </p><p>Applications will be reviewed by our panel of judges. During the selection process, you may be contacted by an Inc.com reporter. The final list will be made public at the end of May.</p><br clear="both" style="clear: both;"/>
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			<content:encoded><![CDATA[Thank you!<p id="appid"> </p><p>Applications will be reviewed by our panel of judges. During the selection process, you may be contacted by an Inc.com reporter. The final list will be made public at the end of May.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 12:17:00 -0500</pubDate>
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			<title>Business Partners: 3 Essential Ingredients</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/Xo9aXKbDERw/three-essential-ingredients-for-business-partners.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/336x336-bucket_three_vegetables_13950.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>One individual (or four) may embody these characteristics. In one way or another, you need these three traits to make your business thrive.</p><p>Having partners can be a tremendous asset or a terrible liability.  If you choose correctly and get the right mix, your team can be unstoppable.  Pick wrong and your business can be torn apart.</p><p>So how do you find partners with the right skills and personalities to make it work? Check your prospective partners against these three criteria to find out if your team has the secret sauce or is a disaster waiting to happen.</p><p><b>#1 The Visionary</b></p><p>In any good business, there is a big-picture thinker, a visionary.  The visionary has the ability to identify how all parts of the business fit together, and comes up with strategic ideas and big directives.  Big problems land on his desk as well.  The visionary often makes decisions more on instinct than on research.  He is indispensable because he can put his finger in the wind and feel which way the business should move, even if he cannot always explain why.  The visionary is constantly re-thinking how things get done, and advocating for change that will make the company better and more nimble.  He is not afraid to demand and make people uncomfortable when necessary.  He is the force that dreams the impossible for the company and refuses to accept anything less.</p><p><b>#2 The Middleman</b></p><p>The middleman is the force that grounds the business and charts its path.</p><p>Without the middleman, the vision is no more than an interesting idea.  The middleman is crucial because he dares to criticize the vision, and irreplaceable because he is the most innovative when it comes to bringing the vision to life.  The middleman questions, plays devil's advocate, and troubleshoots.   He is the first to punch holes in the vision, but then figures out how to fill them&mdash;ultimately making the vision clearer.  The middleman understands the vision, and is able to translate it into an action plan, to transfer it from the realm of ideas to the real world. He is supple and looks for options. The rest of the company knows its role in developing and implementing the vision only thanks to the middleman's interpreting skills.</p><p><b>#3 The Detail Guy</b></p><p>The detail guy owns the action plan, and insures that the business moves forward, one task, one project, and one objective at a time. The detail guy takes the road map designed by the middleman, and carefully navigates the company from point A to point Z, passing by each checkpoint laid out in the vision. He doesn't skip steps, doesn't lose track, and doesn't pay attention to outside influences. He executes, scrutinizes, and reports. The detail guy sends back confirmation that the road ahead can be traveled as the map indicates, and he raises the first warning flag when a detour must be drawn.  He gathers feedback, which can then be used to restructure the action plan or reshape the vision. The detail guy is the force that keeps the business moving and insures it stays the course.  </p><p>Whether you have a team of people who each embody one of the three ingredients, or one person who embodies them all is not important&mdash;the important factor is that all the ingredients are present.  Indeed, I've found most business owners have some of each ingredient within them, and over time, they learn to cultivate the ingredients they possess less innately.  What is non-negotiable is that each partner must recognize the category to which he belongs.  Herein lies the greatest danger: If there is a disconnection between the category to which someone thinks he belongs and the one in which he actually operates, the partnership will not last&mdash;and neither will the business.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/336x336-bucket_three_vegetables_13950.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>One individual (or four) may embody these characteristics. In one way or another, you need these three traits to make your business thrive.</p><p>Having partners can be a tremendous asset or a terrible liability.  If you choose correctly and get the right mix, your team can be unstoppable.  Pick wrong and your business can be torn apart.</p><p>So how do you find partners with the right skills and personalities to make it work? Check your prospective partners against these three criteria to find out if your team has the secret sauce or is a disaster waiting to happen.</p><p><b>#1 The Visionary</b></p><p>In any good business, there is a big-picture thinker, a visionary.  The visionary has the ability to identify how all parts of the business fit together, and comes up with strategic ideas and big directives.  Big problems land on his desk as well.  The visionary often makes decisions more on instinct than on research.  He is indispensable because he can put his finger in the wind and feel which way the business should move, even if he cannot always explain why.  The visionary is constantly re-thinking how things get done, and advocating for change that will make the company better and more nimble.  He is not afraid to demand and make people uncomfortable when necessary.  He is the force that dreams the impossible for the company and refuses to accept anything less.</p><p><b>#2 The Middleman</b></p><p>The middleman is the force that grounds the business and charts its path.</p><p>Without the middleman, the vision is no more than an interesting idea.  The middleman is crucial because he dares to criticize the vision, and irreplaceable because he is the most innovative when it comes to bringing the vision to life.  The middleman questions, plays devil's advocate, and troubleshoots.   He is the first to punch holes in the vision, but then figures out how to fill them&mdash;ultimately making the vision clearer.  The middleman understands the vision, and is able to translate it into an action plan, to transfer it from the realm of ideas to the real world. He is supple and looks for options. The rest of the company knows its role in developing and implementing the vision only thanks to the middleman's interpreting skills.</p><p><b>#3 The Detail Guy</b></p><p>The detail guy owns the action plan, and insures that the business moves forward, one task, one project, and one objective at a time. The detail guy takes the road map designed by the middleman, and carefully navigates the company from point A to point Z, passing by each checkpoint laid out in the vision. He doesn't skip steps, doesn't lose track, and doesn't pay attention to outside influences. He executes, scrutinizes, and reports. The detail guy sends back confirmation that the road ahead can be traveled as the map indicates, and he raises the first warning flag when a detour must be drawn.  He gathers feedback, which can then be used to restructure the action plan or reshape the vision. The detail guy is the force that keeps the business moving and insures it stays the course.  </p><p>Whether you have a team of people who each embody one of the three ingredients, or one person who embodies them all is not important&mdash;the important factor is that all the ingredients are present.  Indeed, I've found most business owners have some of each ingredient within them, and over time, they learn to cultivate the ingredients they possess less innately.  What is non-negotiable is that each partner must recognize the category to which he belongs.  Herein lies the greatest danger: If there is a disconnection between the category to which someone thinks he belongs and the one in which he actually operates, the partnership will not last&mdash;and neither will the business.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 11:30:00 -0500</pubDate>
			<dc:creator>Vanessa Merit Nornberg</dc:creator>
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				<media:title type="plain">Business Partners: 3 Essential Ingredients</media:title>
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			<title>How We Saved 30% on Health Care</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/ahVxRZU63p0/what-we-learned-in-choosing-a-benefits-plan.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/doctor-bucket_13949.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>When your business is built around talent, you cant afford to skimp on healthcare and other employee benefits.</p><p><b>As a rapidly growing business</b>, one of the last things we were focused on was our employee benefits plan. Not a great approach, since providing a world-class benefits package can be a relatively inexpensive way to reward and retain key people.</p><p>We recently revamped our health and benefits plan to more accurately reflect our growth and our commitment to our employees. We&rsquo;re a small, growing professional services firm, which means our biggest asset&ndash;in fact our only asset&ndash;is our team. Relative to other small businesses, this team is highly educated, with impressive experience with larger consulting and financial companies. They are accustomed to the compensation and benefits packages of large, established companies, yet they have chosen to join a small, growing business.</p><p>When we first chose a benefits plan three years ago, we only had five employees. Anticipating growth, we knew we needed a strong benefits plan, but our size at the time restricted us to what amounted to glorified individual policies for small businesses. We worked with an extremely competent benefits advisor and got the best plan we could for our five employees.</p><p>Three years later, we have 22 employees and are hiring aggressively; in this context, our benefits package was looking fairly weak.</p><p>We chose to shop our policies around and worked with a few new advisors. Much to our surprise, our 22 employees made us fairly attractive to all of the providers. We were offered traditional health plans, as well as high-deductable plans with a <a href="http://en.wikipedia.org/wiki/Health_savings_account" target="_blank">health savings account</a> (HSA), which allowed our highly compensated employees to access a tax-advantaged health benefit.</p><p>The biggest benefit: no matter what plan or provider we chose, we would see a 25 percent to 30 percent savings over our existing plan. The impact of moving from a five-person shop to a 22-person business made all the difference. In addition, the benefits of these plans, such as lower co-pays, drug benefits, and higher life insurance maximums, were vastly superior to our current plan&ndash;we truly were getting more for less.</p><p>Attracting and retaining the best people is absolutely critical to the success of our business. We have a young, healthy team, and we realized that providing a world-class benefits package would help us reward and retain our key people.</p><p>We wanted to provide a clearly superior plan without increasing premiums for our employees; the last thing we wanted was to take a 25 percent to 30 percent savings while asking employees have to pay more for their healthcare.</p><p>The key to us were the benefits provided by an HSA. Given the attractiveness of this option, we were able to reinvest the savings we received in switching employee benefit plans into employees&rsquo; new HSA accounts. This would cover the full amount of their deductible while giving them a way to save money for a future health event.</p><p>The result was a clear win-win&ndash;we provided better benefits to employees at no additional cost to the business. This will help us continue to attract and retain quality talent. Plus, we found a great benefits advisor that we will undoubtedly use in the future (thanks Robin!).</p><p>Please share your experiences on the growing pains of building a successful business with us at karlandbill@avondalestrategicpartners.com.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
<a href="http://ads.pheedo.com/click.phdo?s=a45d1ff54fc6b5d491ffc871286f9b54&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=a45d1ff54fc6b5d491ffc871286f9b54&p=1"/></a>
<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/doctor-bucket_13949.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>When your business is built around talent, you cant afford to skimp on healthcare and other employee benefits.</p><p><b>As a rapidly growing business</b>, one of the last things we were focused on was our employee benefits plan. Not a great approach, since providing a world-class benefits package can be a relatively inexpensive way to reward and retain key people.</p><p>We recently revamped our health and benefits plan to more accurately reflect our growth and our commitment to our employees. We&rsquo;re a small, growing professional services firm, which means our biggest asset&ndash;in fact our only asset&ndash;is our team. Relative to other small businesses, this team is highly educated, with impressive experience with larger consulting and financial companies. They are accustomed to the compensation and benefits packages of large, established companies, yet they have chosen to join a small, growing business.</p><p>When we first chose a benefits plan three years ago, we only had five employees. Anticipating growth, we knew we needed a strong benefits plan, but our size at the time restricted us to what amounted to glorified individual policies for small businesses. We worked with an extremely competent benefits advisor and got the best plan we could for our five employees.</p><p>Three years later, we have 22 employees and are hiring aggressively; in this context, our benefits package was looking fairly weak.</p><p>We chose to shop our policies around and worked with a few new advisors. Much to our surprise, our 22 employees made us fairly attractive to all of the providers. We were offered traditional health plans, as well as high-deductable plans with a <a href="http://en.wikipedia.org/wiki/Health_savings_account" target="_blank">health savings account</a> (HSA), which allowed our highly compensated employees to access a tax-advantaged health benefit.</p><p>The biggest benefit: no matter what plan or provider we chose, we would see a 25 percent to 30 percent savings over our existing plan. The impact of moving from a five-person shop to a 22-person business made all the difference. In addition, the benefits of these plans, such as lower co-pays, drug benefits, and higher life insurance maximums, were vastly superior to our current plan&ndash;we truly were getting more for less.</p><p>Attracting and retaining the best people is absolutely critical to the success of our business. We have a young, healthy team, and we realized that providing a world-class benefits package would help us reward and retain our key people.</p><p>We wanted to provide a clearly superior plan without increasing premiums for our employees; the last thing we wanted was to take a 25 percent to 30 percent savings while asking employees have to pay more for their healthcare.</p><p>The key to us were the benefits provided by an HSA. Given the attractiveness of this option, we were able to reinvest the savings we received in switching employee benefit plans into employees&rsquo; new HSA accounts. This would cover the full amount of their deductible while giving them a way to save money for a future health event.</p><p>The result was a clear win-win&ndash;we provided better benefits to employees at no additional cost to the business. This will help us continue to attract and retain quality talent. Plus, we found a great benefits advisor that we will undoubtedly use in the future (thanks Robin!).</p><p>Please share your experiences on the growing pains of building a successful business with us at karlandbill@avondalestrategicpartners.com.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 11:00:31 -0500</pubDate>
			<dc:creator>Karl Stark and Bill Stewart</dc:creator>
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			<title>Turbo-Charge Your Efficiency: 7 Tricks</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/6e2AwQYe6ZM/7-steps-to-turbo-charge-your-efficiency.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Businessman-with-hands-behind-head_bkt_13946.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>We all want more time. But how do you get it? The answer is to become a master of efficiency.</p><p><b>Let&rsquo;s face it, one of the</b> most valuable commodities in any busy person&rsquo;s life is time. No matter how much we may wish for it, making more of it is simply outside the reaches of modern science. The myth of the 25-hour day, for the foreseeable future, will remain just that, a myth.</p><p>So how do you stretch more time out of your finite resource of the same? Efficiency. In short, we may not be able to create more time, but we can turbo-charge the limited time we have. Here&rsquo;s how:<b></b></p><p><b>1.       </b><b>Set Daily Goals.</b>  One of the best ways to ramp up your efficiency is to set daily goals. Each morning, before your work day begins, make a list of the top things that you want or need to accomplish during the work day. Rank them in order of importance. Depending upon how long each task will take you, your list may contain two items or ten.  Once constructed, use the list as your guide to keep you focused throughout the day to work towards completing those goals. Keep the list readily accessible and in plain sight on your workspace so that it will act as a constant reminder for those tasks that you want to complete in a given day. As you complete each of your predetermined objectives, check them off. If you do not complete a given goal, move it forward into the next day. This simple task of setting and monitoring daily goals is amazingly effective at increasing your productivity.</p><p><b>2.       </b><b>Delegate.</b> If you are in a position to delegate make sure to do so. Too often we are saddled with a belief that we are the only person that can do a specific task or do it well enough. Throughout my career I have been particularly afflicted with this mistaken belief. There was a time in my career that I would type all of my own letters even though I had a secretary whose job it was to handle this task for me. I would think, it is going to take me longer to explain to her what needs to go into the letter than it would if I just go ahead and write it myself, which I then proceeded to do.</p><p>Learning to delegate is an acquired art form, one everyone should try to master. Believing that a task cannot be delegated is truly more about control issues and less about whether or not it truly can be assigned to someone else. Why spend two hours on a task yourself if instead through crafting 10 minutes of detailed instructions, you can delegate the project to another? Accordingly, if you have someone to whom you can delegate, learn how to delegate and learn how to do it well.</p><p><b>3.       </b><b>Let the Phone Ring. Let E-mails go Unanswered.</b> You&rsquo;re in the middle of solving an issue relating to one of your goals for the day. The phone rings. You answer. On the other end of the phone is someone who needs to speak with you about something that is important but not related to the task at hand. The conversation only lasts three minutes and then ends. However, when you go to pick up where you left off you need to quickly review where you were, get your brain back on track and then finally pick up and keep moving on the same.</p><p>Do not assume that picking up that quick call only cost you three minutes of being off task. It cost you your focus, the three minutes, and ultimately the review time of thinking about where you left off and the time it takes to re-engage your brain on the specific project you were working on before you were interrupted. All in all that three minute call, depending upon the complexity of the issues being dealt with, may cost you six, seven, even 10 minutes!</p><p>If your job allows, keep focused. Turn the phone (off?) ringer volume down so as not to disturb you or simply do not answer the same if the caller on the caller id is not calling about an urgent matter. You would be amazed at how simply allowing callers to leave a voice mail and then responding later in the day, in bulk, to all of your messages can truly amplify your efficiency.</p><p>However, it doesn&rsquo;t have to end there. The same policy should be employed in regard to e-mails. How many e-mails do you really get that need to be viewed or read almost instantaneously? So don&rsquo;t. Let them sit. They&rsquo;ll still be there when you complete the task at hand. Like your calls just designate a time during the day, or two if you prefer, to answer all of your e-mails. Once again, by not allowing these constant interruptions, the efficiency with which you can accomplish the goals on your list will be increased exponentially.</p><p><b>4.       </b><b>Close the Door</b>. The phone and e-mails are not the only distractions in modern office life. Your co-workers can really drag down your efficiency as well. Back when I worked in a large law firm in Washington, D.C. I would routinely need to go see one of the head partners in his big corner office. Almost without exception every time I walked into his office he would sigh, roll his eyes, and growl &ldquo;Yes, what is it?&rdquo; For the first year or so I worked there I simply chalked it up to the fact that he was personality-challenged and sadistically enjoyed degrading others, in other words, a lawyer. But one day I was standing down the hall from his office and it hit me as to why he was consistently grumpy. I was not the only associate that was constantly demanding attention from the big cheese. While I stood there speaking with other lawyers in the hallway I witnessed a veritable conga line of associate attorneys strolling through his office to ask him questions here, decisions there. No wonder he was so upset every time I would come into his office. Although I did not realize it, someone else had been in there two minutes before and again five minutes before that. If the man had seven minutes in a row to think to himself and get his own work done he would consider it a good day.</p><p><b> </b>Why do I mention all of this? If you have the capability,  sometimes you just need to close the door. If you work in an open workspace, hang a sign. Open-door policies are great, but they can often lead to an erosion of efficiency that is disturbing. Don&rsquo;t be afraid to shut the door and politely let people know this is my efficient time. If they need to speak with you they can come back later or, better yet, set up daily pre-scheduled times in which they will have your undivided attention. By moving away from constant interruptions you will be able to stay on task and, consequently, move more efficiently through the goals you set every day.</p><p><b>5.       </b><b>Facebook, Twitter, and Instant Messaging. </b>The secret time killers. Let&rsquo;s say you spend 10 minutes on Facebook a day. For the majority of us that is being conservative. Let&rsquo;s further say you use Twitter. Chalk up another 10 minutes. By the way, did you IM any of your friends today while at work? Come on, you know you did. Maybe the wife or the hubby had a funny story to share with you or Madonna just announced her latest concert dates and everyone had to BUZZ each other over it. Another ten minutes. So how much did we spend? Ten minutes? Twenty? Thirty? Wrong. It was more like 130 hours. Over three 40-hour work weeks.</p><p>Huh? You might be asking yourself. What you talkin&rsquo; about Willis?</p><p>It&rsquo;s simple. If you spend 30 minutes a day on social media and instant messaging that adds up to two and a half hours per week. There are 52 weeks in a year. Fifty-two times two and a half is 130 hours. One hundred and thirty hours equates to over three 40-hour work weeks you are spending on social media and chatting online per year. It&rsquo;s like a whole other vacation.</p><p>Is this overly dramatic? Maybe a little. But recognize what spending time on these sites does to your productivity. Thirty minutes a day, on average, equates to a loss of up to three plus weeks of work per year. So if you are just spending 10 minutes a day doing the same, that&rsquo;s like one entire lost week of work. Wow.</p><p>I&rsquo;m not saying don&rsquo;t do it. I am just saying recognize how the numbers add up. Once you see how they do, if you want to ramp up your efficiency limit the social chats to only designated times during the day when you are already taking a break. Trust me, that wicked awesome zinger you&rsquo;ve been waiting to post on Facebook can wait.</p><p><b>6.       </b><b>Intellischedule.</b> For those of you with spell-checker (yes, I have heard you are out there) this word will not come up anywhere. Why? I coined it. What does it mean? In brief, know thy self, know thy efficiency.</p><p>Long ago, I figured out that I am most productive for matters which involve a more detailed thought process in the morning. Matters such as complex legal briefs, legal research, reviewing complex contracts, etc. Afternoons, I prefer to just pound through matters that take a little less thought process but may be far more numerous to deal with such as quick e-mail questions and returning phone calls.</p><p>The point is, know when you are most productive in consideration of what you have to do in a given day. Then schedule your goals during those times given your particular strengths or weaknesses throughout the day. Intellischedule.</p><p><b>7.       </b><b>Focus. Do Not Multi-Task.</b> Lastly, we hear a lot about people who can multitask.  Who can do three things at once. But there is a growing consensus that multi-tasking actually destroys efficiency. In short, while you are multi-tasking your focus is split between two or more tasks. This erodes the efficiency with which you can accomplish either task. Don&rsquo;t believe me?</p><p>Try this simple test. Find a few things in your schedule you have to do every day. Perhaps it is to get your phone messages at the beginning of the day and check your e-mails to see what needs an immediate response and what can wait. Take note of how long each task normally takes independently. Now do this. Check one e-mail and stop. Check one voice mail and stop. Go back and check the next e-mail and stop. Go back and check the next voice mail and stop and so on and so forth. Which took more time? The time it took to accomplish the two independent tasks by themselves or the time it took to multitask through both of them together. I&rsquo;d be willing to bet focusing on one at a time was faster.</p><p>But this is just an example. By focusing on one thing at a time you will typically be able to accomplish that goal more quickly than if you are multitasking two or three things at once. Focus on an individual goal, accomplish it, and move on to the next goal on your daily list.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Businessman-with-hands-behind-head_bkt_13946.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>We all want more time. But how do you get it? The answer is to become a master of efficiency.</p><p><b>Let&rsquo;s face it, one of the</b> most valuable commodities in any busy person&rsquo;s life is time. No matter how much we may wish for it, making more of it is simply outside the reaches of modern science. The myth of the 25-hour day, for the foreseeable future, will remain just that, a myth.</p><p>So how do you stretch more time out of your finite resource of the same? Efficiency. In short, we may not be able to create more time, but we can turbo-charge the limited time we have. Here&rsquo;s how:<b></b></p><p><b>1.       </b><b>Set Daily Goals.</b>  One of the best ways to ramp up your efficiency is to set daily goals. Each morning, before your work day begins, make a list of the top things that you want or need to accomplish during the work day. Rank them in order of importance. Depending upon how long each task will take you, your list may contain two items or ten.  Once constructed, use the list as your guide to keep you focused throughout the day to work towards completing those goals. Keep the list readily accessible and in plain sight on your workspace so that it will act as a constant reminder for those tasks that you want to complete in a given day. As you complete each of your predetermined objectives, check them off. If you do not complete a given goal, move it forward into the next day. This simple task of setting and monitoring daily goals is amazingly effective at increasing your productivity.</p><p><b>2.       </b><b>Delegate.</b> If you are in a position to delegate make sure to do so. Too often we are saddled with a belief that we are the only person that can do a specific task or do it well enough. Throughout my career I have been particularly afflicted with this mistaken belief. There was a time in my career that I would type all of my own letters even though I had a secretary whose job it was to handle this task for me. I would think, it is going to take me longer to explain to her what needs to go into the letter than it would if I just go ahead and write it myself, which I then proceeded to do.</p><p>Learning to delegate is an acquired art form, one everyone should try to master. Believing that a task cannot be delegated is truly more about control issues and less about whether or not it truly can be assigned to someone else. Why spend two hours on a task yourself if instead through crafting 10 minutes of detailed instructions, you can delegate the project to another? Accordingly, if you have someone to whom you can delegate, learn how to delegate and learn how to do it well.</p><p><b>3.       </b><b>Let the Phone Ring. Let E-mails go Unanswered.</b> You&rsquo;re in the middle of solving an issue relating to one of your goals for the day. The phone rings. You answer. On the other end of the phone is someone who needs to speak with you about something that is important but not related to the task at hand. The conversation only lasts three minutes and then ends. However, when you go to pick up where you left off you need to quickly review where you were, get your brain back on track and then finally pick up and keep moving on the same.</p><p>Do not assume that picking up that quick call only cost you three minutes of being off task. It cost you your focus, the three minutes, and ultimately the review time of thinking about where you left off and the time it takes to re-engage your brain on the specific project you were working on before you were interrupted. All in all that three minute call, depending upon the complexity of the issues being dealt with, may cost you six, seven, even 10 minutes!</p><p>If your job allows, keep focused. Turn the phone (off?) ringer volume down so as not to disturb you or simply do not answer the same if the caller on the caller id is not calling about an urgent matter. You would be amazed at how simply allowing callers to leave a voice mail and then responding later in the day, in bulk, to all of your messages can truly amplify your efficiency.</p><p>However, it doesn&rsquo;t have to end there. The same policy should be employed in regard to e-mails. How many e-mails do you really get that need to be viewed or read almost instantaneously? So don&rsquo;t. Let them sit. They&rsquo;ll still be there when you complete the task at hand. Like your calls just designate a time during the day, or two if you prefer, to answer all of your e-mails. Once again, by not allowing these constant interruptions, the efficiency with which you can accomplish the goals on your list will be increased exponentially.</p><p><b>4.       </b><b>Close the Door</b>. The phone and e-mails are not the only distractions in modern office life. Your co-workers can really drag down your efficiency as well. Back when I worked in a large law firm in Washington, D.C. I would routinely need to go see one of the head partners in his big corner office. Almost without exception every time I walked into his office he would sigh, roll his eyes, and growl &ldquo;Yes, what is it?&rdquo; For the first year or so I worked there I simply chalked it up to the fact that he was personality-challenged and sadistically enjoyed degrading others, in other words, a lawyer. But one day I was standing down the hall from his office and it hit me as to why he was consistently grumpy. I was not the only associate that was constantly demanding attention from the big cheese. While I stood there speaking with other lawyers in the hallway I witnessed a veritable conga line of associate attorneys strolling through his office to ask him questions here, decisions there. No wonder he was so upset every time I would come into his office. Although I did not realize it, someone else had been in there two minutes before and again five minutes before that. If the man had seven minutes in a row to think to himself and get his own work done he would consider it a good day.</p><p><b> </b>Why do I mention all of this? If you have the capability,  sometimes you just need to close the door. If you work in an open workspace, hang a sign. Open-door policies are great, but they can often lead to an erosion of efficiency that is disturbing. Don&rsquo;t be afraid to shut the door and politely let people know this is my efficient time. If they need to speak with you they can come back later or, better yet, set up daily pre-scheduled times in which they will have your undivided attention. By moving away from constant interruptions you will be able to stay on task and, consequently, move more efficiently through the goals you set every day.</p><p><b>5.       </b><b>Facebook, Twitter, and Instant Messaging. </b>The secret time killers. Let&rsquo;s say you spend 10 minutes on Facebook a day. For the majority of us that is being conservative. Let&rsquo;s further say you use Twitter. Chalk up another 10 minutes. By the way, did you IM any of your friends today while at work? Come on, you know you did. Maybe the wife or the hubby had a funny story to share with you or Madonna just announced her latest concert dates and everyone had to BUZZ each other over it. Another ten minutes. So how much did we spend? Ten minutes? Twenty? Thirty? Wrong. It was more like 130 hours. Over three 40-hour work weeks.</p><p>Huh? You might be asking yourself. What you talkin&rsquo; about Willis?</p><p>It&rsquo;s simple. If you spend 30 minutes a day on social media and instant messaging that adds up to two and a half hours per week. There are 52 weeks in a year. Fifty-two times two and a half is 130 hours. One hundred and thirty hours equates to over three 40-hour work weeks you are spending on social media and chatting online per year. It&rsquo;s like a whole other vacation.</p><p>Is this overly dramatic? Maybe a little. But recognize what spending time on these sites does to your productivity. Thirty minutes a day, on average, equates to a loss of up to three plus weeks of work per year. So if you are just spending 10 minutes a day doing the same, that&rsquo;s like one entire lost week of work. Wow.</p><p>I&rsquo;m not saying don&rsquo;t do it. I am just saying recognize how the numbers add up. Once you see how they do, if you want to ramp up your efficiency limit the social chats to only designated times during the day when you are already taking a break. Trust me, that wicked awesome zinger you&rsquo;ve been waiting to post on Facebook can wait.</p><p><b>6.       </b><b>Intellischedule.</b> For those of you with spell-checker (yes, I have heard you are out there) this word will not come up anywhere. Why? I coined it. What does it mean? In brief, know thy self, know thy efficiency.</p><p>Long ago, I figured out that I am most productive for matters which involve a more detailed thought process in the morning. Matters such as complex legal briefs, legal research, reviewing complex contracts, etc. Afternoons, I prefer to just pound through matters that take a little less thought process but may be far more numerous to deal with such as quick e-mail questions and returning phone calls.</p><p>The point is, know when you are most productive in consideration of what you have to do in a given day. Then schedule your goals during those times given your particular strengths or weaknesses throughout the day. Intellischedule.</p><p><b>7.       </b><b>Focus. Do Not Multi-Task.</b> Lastly, we hear a lot about people who can multitask.  Who can do three things at once. But there is a growing consensus that multi-tasking actually destroys efficiency. In short, while you are multi-tasking your focus is split between two or more tasks. This erodes the efficiency with which you can accomplish either task. Don&rsquo;t believe me?</p><p>Try this simple test. Find a few things in your schedule you have to do every day. Perhaps it is to get your phone messages at the beginning of the day and check your e-mails to see what needs an immediate response and what can wait. Take note of how long each task normally takes independently. Now do this. Check one e-mail and stop. Check one voice mail and stop. Go back and check the next e-mail and stop. Go back and check the next voice mail and stop and so on and so forth. Which took more time? The time it took to accomplish the two independent tasks by themselves or the time it took to multitask through both of them together. I&rsquo;d be willing to bet focusing on one at a time was faster.</p><p>But this is just an example. By focusing on one thing at a time you will typically be able to accomplish that goal more quickly than if you are multitasking two or three things at once. Focus on an individual goal, accomplish it, and move on to the next goal on your daily list.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 10:45:27 -0500</pubDate>
			<dc:creator>Matthew Swyers</dc:creator>
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			<title>Why Women Want to be Entrepreneurs</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/UEVN5Prdsik/why-women-want-to-be-entrepreneurs.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Midsection-of-lady-working-on-her-household-bills_bkt_13942.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Like Facebook's Sheryl Sandberg, women are driven to do business better and more flexibly, and make work better for everyone.</p><p>Every businesswoman who acquires any public profile has her family life raked over: How does she do it? What are the trade offs? What are the social and personal costs of her success? Facebook's Sheryl Sandberg<b> </b>is just the latest victim of this too-familiar trope, with other women and entrepreneurs prying into her childcare arrangements and wringing their hands with self-righteous disapproval. Some of this is good old- fashioned misogyny; after all, men don't get such scrutiny and few people have asked how much time Bill Gates spends with his kids. But female leaders get a lot of attention too because there is a real hunger&mdash;felt by men and women&mdash;to understand how to combine business and family successfully. We all face this challenge and we're eager for inspiration.</p><p>Let's get a few facts straight first.</p><p><b>1. </b><b>Most women work.</b> Most mothers      work. Most parents work. How families balance the needs of work, children      and, often, their own parents, is not a female issue: it's a human issue.      Even singletons have parents who, as they age, will need care. As everyone      lives longer and as kids stay home longer, integrating family and work      becomes a permanent, not temporary, challenge.</p><p><b>2. Family demands don't make it less      likely that women will become entrepreneurs; </b>it may make it more likely. The fact that more      than 10 million private companies are owned or controlled by women shows      that we aren't rarities. Why do women start their own businesses? Because      they hope that they will find in their own companies the kind of      flexibility so often denied them by more conventional corporations. Or as      the fabulous Doreen Marks of Otis Technology<b> </b>once said to me: "When you own the company, it doesn't      matter which 80 hours a week you work." Parents don't mind working      hard. They do mind working in rigid environments that won't accept that      there is a life beyond the job.</p><p><b>3. Everyone needs support.</b> Sheryl      Sandberg has nannies. I had a nanny. I now have family and friends. No      parent thrives without a network of supporters and backup. My own      experience is that often it is those without the money for paid help who      have the most reliable, emotionally-rich relationships. What parents do      not need is the intrusive criticism of others who claim to know best. Every      family is different and creates its own solutions.</p><p>In my study of <a rel="nofollow" href="http://www.amazon.com/Women-Top-Margaret-Heffernan/dp/B003F76DDI/ref=sr_1_1?ie=UTF8&amp;qid=1328876718&amp;sr=8-1">female entrepreneurs</a>, I never encountered a lack of ambition or any kind of trade-off that implied that driven businesswomen loved their children less. What I did find was an energetic determination to prove that business could be done better, that companies could be more flexible, and that the resulting engagement and commitment made life and work better for everyone: both men and women.</p><p>So I don't buy a lot of the you-can't-have-it-all criticism and envy that surrounds Sandberg. Having it all is hard, sure. All entrepreneurship is hard; that is why so many of us love it: because when we succeed, we know we've achieved something meaningful. If it were easy, it wouldn't be nearly so much fun and everyone would be doing it. </p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Midsection-of-lady-working-on-her-household-bills_bkt_13942.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Like Facebook's Sheryl Sandberg, women are driven to do business better and more flexibly, and make work better for everyone.</p><p>Every businesswoman who acquires any public profile has her family life raked over: How does she do it? What are the trade offs? What are the social and personal costs of her success? Facebook's Sheryl Sandberg<b> </b>is just the latest victim of this too-familiar trope, with other women and entrepreneurs prying into her childcare arrangements and wringing their hands with self-righteous disapproval. Some of this is good old- fashioned misogyny; after all, men don't get such scrutiny and few people have asked how much time Bill Gates spends with his kids. But female leaders get a lot of attention too because there is a real hunger&mdash;felt by men and women&mdash;to understand how to combine business and family successfully. We all face this challenge and we're eager for inspiration.</p><p>Let's get a few facts straight first.</p><p><b>1. </b><b>Most women work.</b> Most mothers      work. Most parents work. How families balance the needs of work, children      and, often, their own parents, is not a female issue: it's a human issue.      Even singletons have parents who, as they age, will need care. As everyone      lives longer and as kids stay home longer, integrating family and work      becomes a permanent, not temporary, challenge.</p><p><b>2. Family demands don't make it less      likely that women will become entrepreneurs; </b>it may make it more likely. The fact that more      than 10 million private companies are owned or controlled by women shows      that we aren't rarities. Why do women start their own businesses? Because      they hope that they will find in their own companies the kind of      flexibility so often denied them by more conventional corporations. Or as      the fabulous Doreen Marks of Otis Technology<b> </b>once said to me: "When you own the company, it doesn't      matter which 80 hours a week you work." Parents don't mind working      hard. They do mind working in rigid environments that won't accept that      there is a life beyond the job.</p><p><b>3. Everyone needs support.</b> Sheryl      Sandberg has nannies. I had a nanny. I now have family and friends. No      parent thrives without a network of supporters and backup. My own      experience is that often it is those without the money for paid help who      have the most reliable, emotionally-rich relationships. What parents do      not need is the intrusive criticism of others who claim to know best. Every      family is different and creates its own solutions.</p><p>In my study of <a rel="nofollow" href="http://www.amazon.com/Women-Top-Margaret-Heffernan/dp/B003F76DDI/ref=sr_1_1?ie=UTF8&amp;qid=1328876718&amp;sr=8-1">female entrepreneurs</a>, I never encountered a lack of ambition or any kind of trade-off that implied that driven businesswomen loved their children less. What I did find was an energetic determination to prove that business could be done better, that companies could be more flexible, and that the resulting engagement and commitment made life and work better for everyone: both men and women.</p><p>So I don't buy a lot of the you-can't-have-it-all criticism and envy that surrounds Sandberg. Having it all is hard, sure. All entrepreneurship is hard; that is why so many of us love it: because when we succeed, we know we've achieved something meaningful. If it were easy, it wouldn't be nearly so much fun and everyone would be doing it. </p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 10:15:00 -0500</pubDate>
			<dc:creator>Margaret Heffernan</dc:creator>
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				<media:title type="plain">Why Women Want to be Entrepreneurs</media:title>
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			<title>To Hire Well, Throw Away the Job Description</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/H80r9rwtp0c/to-hire-well-throw-away-the-job-description.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/resume-contract-bkt_13940.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>The traditional way to hire is to decide what Mr. or Ms. Right is like and then go find the closest match. There's a better way.</p><p>If you want to innovate, you have to be willing to make mistakes. I take that as a given.  In my new book <a href="http://wdp.wharton.upenn.edu/books/brilliant-mistakes">Brilliant Mistakes</a>, I chronicled scores of missteps and supposedly doomed experiments by the likes of the Wright Brothers, Albert Einstein, Steve Jobs and J.K. Rowling&mdash;all of which led to great breakthroughs.</p><p>But &ldquo;brilliant mistakes&rdquo; aren&rsquo;t limited to iPods, science, and flying machines.   They can also be useful in the curious mating ritual known as hiring new staff.  The basic challenge in hiring, as in dating, is to find a suitable match efficiently in an ocean of possibilities.  It&rsquo;s all about knowing what you want &ndash; right?</p><p>Well, only up to a point.</p><p>Whether they care to admit it or not, hiring managers, like most people, suffer from tunnel vision, unconscious prejudices, and a far narrower range of experience than they realize. Thinking they know what they want, they shut themselves off to innovative possibilities. For that reason, a smart approach to hiring would be to sample widely, beyond your usual selection criteria.</p><p>Maria Dahvana Headley, a 20-year-old NYU drama student, took this notion to the extreme in the dating game. After too many fruitless forays into New York&rsquo;s night scene, she decided to try a bold and outrageous experiment.  She resolved to say &ldquo;yes&rdquo; to any man who asked her out on a date (except convicted felons). Her memoir, The Year of Yes, describes how this policy led to dates with her building&rsquo;s maintenance head, a homeless man, a Microsoft millionaire who still lived with his mother, and a career woman. She finally accepted a date with a playwright, divorced, many years her senior with kids, whom she fell in love with and married. She never would have given him a second glance before this experiment.</p><p>This is a great example of a brilliant mistake.  Surely dating at random sounds like an idea doomed to failure, but setting a narrow filter is perhaps even more so.  Her approach is the opposite of searching with strong preset criteria: in evolutionary terms, she pursued a strategy equivalent to random mutation.</p><p>By permitting many mistakes in dating, Headley created more variance and was able to learn faster about what she truly wanted in a partner. What Headley realized is that our typical way of experimenting&mdash;developing a preconceived idea of Mr. or Ms. Right and finding someone to fit the part&mdash;does not always lead to the best decisions.  Making more mistakes, as Headley did in her &ldquo;year of yes,&rdquo; can really speed the process of learning.</p><p>Although few companies would embrace hiring anyone who applied, many have benefited from expanding their approach beyond the ordinary.  The former CEO of Philips in Holland would take senior prospects on challenging hunting trips to see how they managed adversity. Nordstrom hires sales people from a wide spectrum and then quickly separates the wheat from the chaff. Mark Fidelo, the creative director of Young &amp; Rubicam, took a risk hiring Festus Mbuimwe from Kenya who responded to a job opening he was clearly was under qualified for.  But Fidelo liked the draft advertisement Mbuimwe submitted and hired him for a five-month internship. Mbuimwe, now an editor at a Nairobi-based website, brought a perspective that Y&amp;R could never have obtained from the standard candidate.</p><p>So, how might you do likewise?</p><li>Go ahead and set some selection criteria, but don&rsquo;t let them become a straightjacket</li><li>Occasionally interview someone who doesn&rsquo;t fit your criteria and perhaps hire one or two</li><li>Experiment intelligently: limit the downside risk while giving the upside a chance</li><p>Do you have the nerve to try searching beyond your narrow filters?  It takes smart mistakes to survive in the business jungle, especially if your strategy is all about innovation. My contrarian advice is to induce variance in your hiring process rather than reduce it. Do that, and evolution will be on your side.  Good luck.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/resume-contract-bkt_13940.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>The traditional way to hire is to decide what Mr. or Ms. Right is like and then go find the closest match. There's a better way.</p><p>If you want to innovate, you have to be willing to make mistakes. I take that as a given.  In my new book <a href="http://wdp.wharton.upenn.edu/books/brilliant-mistakes">Brilliant Mistakes</a>, I chronicled scores of missteps and supposedly doomed experiments by the likes of the Wright Brothers, Albert Einstein, Steve Jobs and J.K. Rowling&mdash;all of which led to great breakthroughs.</p><p>But &ldquo;brilliant mistakes&rdquo; aren&rsquo;t limited to iPods, science, and flying machines.   They can also be useful in the curious mating ritual known as hiring new staff.  The basic challenge in hiring, as in dating, is to find a suitable match efficiently in an ocean of possibilities.  It&rsquo;s all about knowing what you want &ndash; right?</p><p>Well, only up to a point.</p><p>Whether they care to admit it or not, hiring managers, like most people, suffer from tunnel vision, unconscious prejudices, and a far narrower range of experience than they realize. Thinking they know what they want, they shut themselves off to innovative possibilities. For that reason, a smart approach to hiring would be to sample widely, beyond your usual selection criteria.</p><p>Maria Dahvana Headley, a 20-year-old NYU drama student, took this notion to the extreme in the dating game. After too many fruitless forays into New York&rsquo;s night scene, she decided to try a bold and outrageous experiment.  She resolved to say &ldquo;yes&rdquo; to any man who asked her out on a date (except convicted felons). Her memoir, The Year of Yes, describes how this policy led to dates with her building&rsquo;s maintenance head, a homeless man, a Microsoft millionaire who still lived with his mother, and a career woman. She finally accepted a date with a playwright, divorced, many years her senior with kids, whom she fell in love with and married. She never would have given him a second glance before this experiment.</p><p>This is a great example of a brilliant mistake.  Surely dating at random sounds like an idea doomed to failure, but setting a narrow filter is perhaps even more so.  Her approach is the opposite of searching with strong preset criteria: in evolutionary terms, she pursued a strategy equivalent to random mutation.</p><p>By permitting many mistakes in dating, Headley created more variance and was able to learn faster about what she truly wanted in a partner. What Headley realized is that our typical way of experimenting&mdash;developing a preconceived idea of Mr. or Ms. Right and finding someone to fit the part&mdash;does not always lead to the best decisions.  Making more mistakes, as Headley did in her &ldquo;year of yes,&rdquo; can really speed the process of learning.</p><p>Although few companies would embrace hiring anyone who applied, many have benefited from expanding their approach beyond the ordinary.  The former CEO of Philips in Holland would take senior prospects on challenging hunting trips to see how they managed adversity. Nordstrom hires sales people from a wide spectrum and then quickly separates the wheat from the chaff. Mark Fidelo, the creative director of Young &amp; Rubicam, took a risk hiring Festus Mbuimwe from Kenya who responded to a job opening he was clearly was under qualified for.  But Fidelo liked the draft advertisement Mbuimwe submitted and hired him for a five-month internship. Mbuimwe, now an editor at a Nairobi-based website, brought a perspective that Y&amp;R could never have obtained from the standard candidate.</p><p>So, how might you do likewise?</p><li>Go ahead and set some selection criteria, but don&rsquo;t let them become a straightjacket</li><li>Occasionally interview someone who doesn&rsquo;t fit your criteria and perhaps hire one or two</li><li>Experiment intelligently: limit the downside risk while giving the upside a chance</li><p>Do you have the nerve to try searching beyond your narrow filters?  It takes smart mistakes to survive in the business jungle, especially if your strategy is all about innovation. My contrarian advice is to induce variance in your hiring process rather than reduce it. Do that, and evolution will be on your side.  Good luck.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 10:04:00 -0500</pubDate>
			<dc:creator>Paul Schoemaker</dc:creator>
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				<media:title type="plain">To Hire Well, Throw Away the Job Description</media:title>
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			<title>Will Your Start-up Ruin Your Family?</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/yyVmODzLDSI/your-family-will-pay-for-your-start-up-dreams.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/shutterstock_64011184-336x336_13921.jpg' align='left' style='margin-right: 10px;' alt='Does this look familiar? Some entrepreneurs are wondering whether there's a "true cost" of success—and if that means never spending enough time with the ones they love.'><br><p>Yes, start-up life is hard on families. But do you have to be willing to give up a real bond with your kids to be an entrepreneur?</p><p><b>The likes of Apple</b> and Facebook were once scrappy start-ups battling to transform how we communicate and handle information. Now, between the outpouring of grief following the death of Steve Jobs, Facebook's impending IPO, and the fact that nearly every pocket or bag in the land contains these firms' products, they're <a href="http://www.huffingtonpost.com/2012/02/07/halliburton-blackberry-apple_n_1259712.html">more institutions than insurgents</a>. So perhaps now that the dream these firms were selling has become the ubiquitous present, it's time to look at what we've actually got.</p><p>This comes in the form of <a href="http://www.cbsnews.com/8301-505125_162-38943770/zuckerberg-person-of-the-year-is-social-media-on-the-decline/">hand-wringing about what our digital lifestyles</a> do to our relationships. (Here's <a href="http://news.yahoo.com/90-days-without-cell-phone-email-social-media-015300257.html">a college kid who went Luddite for three months</a>, deactivating his cell phone, e-mail, and social networks. Chalk, notes, and stopping by made a resurgence.) But it also comes in the form of a more critical examination of the start-up mania that these firms' astounding success have ushered in. How many young people are inspired to dream of founding businesses by the incredible success of seemingly normal(ish) Mark Zuckerberg? Do these start-up dreams have under-discussed costs?</p><p>That's what <a href="http://kottke.org/12/02/the-lessons-of-steve-jobs">three entrepreneurs whose views were rounded up by Jason Kottke</a> started to wonder after reading <a href="http://www.amazon.com/Steve-Jobs-Walter-Isaacson/dp/1451648537/ref=sr_1_1?ie=UTF8&amp;qid=1328698953&amp;sr=8-1">Walter Isaacson's biography of Jobs</a>. The short post is <a href="http://kottke.org/12/02/the-lessons-of-steve-jobs">well worth a read in full</a>, but the gist is encapsulated in the words of Jeff Atwood, a co-founder of <a href="http://stackexchange.com/">Stack Exchange</a>:</p><p>Start-up life is hard on families. We just welcomed two new members into our family, and running as fast as you can isn't sustainable for parents of multiple small children. The death of Steve Jobs, and his subsequent posthumous biography, highlighted the risks for a lot of folks. [...] Stack Overflow and Stack Exchange have been wildly successful, but I finally realized that success at the cost of my children is not success. It is failure.</p><p>Designer and entrepreneur <a href="http://www.deliberatism.com/blog/not-like-steve/">Eric Karjaluoto</a> expresses similar sentiments. "I admire [Jobs] for the mountains he climbed. At the same time, I wonder if he missed the whole point, becoming the <a href="http://en.wikipedia.org/wiki/John_Henry_%28folklore%29">John Henry</a> of our time. He won the race, but at what cost?" Kottke admits that "since Jobs died, I've been pushing a little less hard" toward a definition of success that involves insane working hours.</p><p>And it is not just Kottke and company who are wondering whether most of us really want to pay the true costs of anything resembling the Zuckerberg or Jobs-type of success. Blogger Penelope Trunk has a woman's perspective on the issue and <a href="http://blog.penelopetrunk.com/2012/02/07/what-facebooks-ipo-means-for-women">focuses on Facebook's soon-to-be-massively-wealthy COO Sheryl Sandberg in a new post</a>. While she has nothing against Sandberg, whom she praises as super smart and extremely supportive of women's ambitions, Trunk still has questions about whether Sandberg's success is actually an appealing option for the vast majority of women.</p><p>Sandberg <a href="http://postcards.blogs.fortune.cnn.com/2009/10/05/facebook-coo-sheryl-sandberg-unedited/">wants to be a role model for women</a> who want big, exciting careers. But here's the problem: women don't want to be Sandberg. It&rsquo;s no coincidence that the number one woman on the list of self-made millionaires is Oprah. She has no kids and no husband. She&rsquo;s fascinating, nice, and smart. But few of us would really enjoy her life.</p><p>Sandberg and Oprah represent extreme choices in life. The things they give up are not things that most women would want to give up in exchange for the wild career success they could have.</p><p>The bottom line for Trunk is the same as it in for Kottke&mdash;seeing your kids and having start-up success are not compatible goals. That might not often be clearly articulated in the culture but it's true, and this makes high-octane entrepreneurialism a hard choice for many. "Sandberg is not a role model. She's an aberration," concludes Trunk.</p><p>Do you agree you have to be willing to give up a certain bond with your kids to be an entrepreneur? And if so, is it worth it for you?</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/shutterstock_64011184-336x336_13921.jpg' align='left' style='margin-right: 10px;' alt='Does this look familiar? Some entrepreneurs are wondering whether there's a "true cost" of success—and if that means never spending enough time with the ones they love.'><br><p>Yes, start-up life is hard on families. But do you have to be willing to give up a real bond with your kids to be an entrepreneur?</p><p><b>The likes of Apple</b> and Facebook were once scrappy start-ups battling to transform how we communicate and handle information. Now, between the outpouring of grief following the death of Steve Jobs, Facebook's impending IPO, and the fact that nearly every pocket or bag in the land contains these firms' products, they're <a href="http://www.huffingtonpost.com/2012/02/07/halliburton-blackberry-apple_n_1259712.html">more institutions than insurgents</a>. So perhaps now that the dream these firms were selling has become the ubiquitous present, it's time to look at what we've actually got.</p><p>This comes in the form of <a href="http://www.cbsnews.com/8301-505125_162-38943770/zuckerberg-person-of-the-year-is-social-media-on-the-decline/">hand-wringing about what our digital lifestyles</a> do to our relationships. (Here's <a href="http://news.yahoo.com/90-days-without-cell-phone-email-social-media-015300257.html">a college kid who went Luddite for three months</a>, deactivating his cell phone, e-mail, and social networks. Chalk, notes, and stopping by made a resurgence.) But it also comes in the form of a more critical examination of the start-up mania that these firms' astounding success have ushered in. How many young people are inspired to dream of founding businesses by the incredible success of seemingly normal(ish) Mark Zuckerberg? Do these start-up dreams have under-discussed costs?</p><p>That's what <a href="http://kottke.org/12/02/the-lessons-of-steve-jobs">three entrepreneurs whose views were rounded up by Jason Kottke</a> started to wonder after reading <a href="http://www.amazon.com/Steve-Jobs-Walter-Isaacson/dp/1451648537/ref=sr_1_1?ie=UTF8&amp;qid=1328698953&amp;sr=8-1">Walter Isaacson's biography of Jobs</a>. The short post is <a href="http://kottke.org/12/02/the-lessons-of-steve-jobs">well worth a read in full</a>, but the gist is encapsulated in the words of Jeff Atwood, a co-founder of <a href="http://stackexchange.com/">Stack Exchange</a>:</p><p>Start-up life is hard on families. We just welcomed two new members into our family, and running as fast as you can isn't sustainable for parents of multiple small children. The death of Steve Jobs, and his subsequent posthumous biography, highlighted the risks for a lot of folks. [...] Stack Overflow and Stack Exchange have been wildly successful, but I finally realized that success at the cost of my children is not success. It is failure.</p><p>Designer and entrepreneur <a href="http://www.deliberatism.com/blog/not-like-steve/">Eric Karjaluoto</a> expresses similar sentiments. "I admire [Jobs] for the mountains he climbed. At the same time, I wonder if he missed the whole point, becoming the <a href="http://en.wikipedia.org/wiki/John_Henry_%28folklore%29">John Henry</a> of our time. He won the race, but at what cost?" Kottke admits that "since Jobs died, I've been pushing a little less hard" toward a definition of success that involves insane working hours.</p><p>And it is not just Kottke and company who are wondering whether most of us really want to pay the true costs of anything resembling the Zuckerberg or Jobs-type of success. Blogger Penelope Trunk has a woman's perspective on the issue and <a href="http://blog.penelopetrunk.com/2012/02/07/what-facebooks-ipo-means-for-women">focuses on Facebook's soon-to-be-massively-wealthy COO Sheryl Sandberg in a new post</a>. While she has nothing against Sandberg, whom she praises as super smart and extremely supportive of women's ambitions, Trunk still has questions about whether Sandberg's success is actually an appealing option for the vast majority of women.</p><p>Sandberg <a href="http://postcards.blogs.fortune.cnn.com/2009/10/05/facebook-coo-sheryl-sandberg-unedited/">wants to be a role model for women</a> who want big, exciting careers. But here's the problem: women don't want to be Sandberg. It&rsquo;s no coincidence that the number one woman on the list of self-made millionaires is Oprah. She has no kids and no husband. She&rsquo;s fascinating, nice, and smart. But few of us would really enjoy her life.</p><p>Sandberg and Oprah represent extreme choices in life. The things they give up are not things that most women would want to give up in exchange for the wild career success they could have.</p><p>The bottom line for Trunk is the same as it in for Kottke&mdash;seeing your kids and having start-up success are not compatible goals. That might not often be clearly articulated in the culture but it's true, and this makes high-octane entrepreneurialism a hard choice for many. "Sandberg is not a role model. She's an aberration," concludes Trunk.</p><p>Do you agree you have to be willing to give up a certain bond with your kids to be an entrepreneur? And if so, is it worth it for you?</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 09:00:00 -0500</pubDate>
			<dc:creator>Jessica Stillman</dc:creator>
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				<media:title type="plain">Will Your Start-up Ruin Your Family?</media:title>
			</media:content>
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			<title>Launch a Business on the Cheap: 3 Tips</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/4NTCkZPj5VU/how-to-launch-a-bootstrapping-business.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/saving-money-bkt_13941.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Thinking of starting a business, but not sure where youll find the cash? Here are a few tips on how to launch a business with little to no money out of pocket.</p><p><b>Just like meeting </b>Mr. or Mrs. "Right," or having your first child, the most opportune time to launch a new product or service can arise when you least expect it. And to fully take advantage of all that comes along with the opportunity, you must hold your breath and take the plunge!</p><p>Assuming you're like most people in this world&mdash;not born silver-spoon-in-mouth&mdash;you might feel the cards are stacked against you in starting a business. How can you turn your idea into a thriving business without much, or any, start-up capital? In this era of multi-million-dollar Series A investments, is it even possible to start-up without angel or VC funding?</p><p>Of course it is. But it's neither easy nor intuitive. Here are three tips, based on my personal experience, on how to start up without hawking all of your worldly possessions in the process:</p><p>1. <b>Don't quit</b><b> your day job</b>. At least not yet. By staying put at a 9-to-5 as you prepare for your company's launch, your salary can support the impromptu expenses (beyond the cost of your personal time) that inadvertently pop up when starting a venture. Doing so also provides the financial peace of mind to observe and learn from other people's successes and failures before diving in. This comes in the form of networking with industry players, volunteering, and researching the entrepreneurial space to get ready for what's in store! For a head start on the latter, check out <a title="The Everyday Entrepreneur" href="http://www.barnesandnoble.com/w/everyday-entrepreneur-rob-basso/1100761978" target="_blank">The Everyday Entrepreneur</a>. It's a quick read with easy-to-apply lessons from entrepreneurs across a range of industries who provide the advice needed to prevent costly mistakes novices might make otherwise.</p><p>2. <b>Exercise all options&mdash;virtually. </b>One of the biggest (and bought) lessons I learned while founding Heritage Link Brands is that not all countries, states, or municipalities are alike where setting up the physical location of a company is concerned. And some, more than others, provide incentives or tacit benefits to startups to encourage enterprise, depending on the industry, product or service provided. Since our venture of choice was wine (one of the most heavily regulated industries in the world), we took diligent notes to understand costs (i.e. annual licensing: $5,000 in Massachusetts versus $400 in California) and made decisions accordingly. With the tremendous amount of information available through the Web, take advantage of side-by-side comparisons or business <a title="Business Index" href="http://www.doingbusiness.org/rankings">indices</a> before making any hard-core investments. Also be sure to explore services that allow you to outsource some of the minutia that comes along with administering a business, like <a title="Elance" href="https://www.elance.com/q/home-1/?rid=1R0LP&amp;utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=Elance+Brand&amp;utm_term=elance&amp;ad=10002212178&amp;gclid=COnarN3Aj64CFUff4AodtTRidg" target="_blank">Elance</a> or <a href="http://www.talentgurus.net/" target="_blank">Talent Gurus</a>. With the support of such firms, your business can ramp up slowly as you accelerate your bandwidth to match the venture's growth trajectory.</p><p>3. <b>Don't be afraid to accept the kindness of strangers, friends or family! </b>Whether tapping into an alma mater network for interns or fielding volunteers that learn how special and differentiated your offering is<br /> through word of mouth, you can expand the capacity of your venture tremendously. The easiest way to manage this low/no cost option is to introduce a trial period for these wonderful souls to gauge fit and develop systems and processes for firm hires in the future. Also be sure to align skill sets with the demands of the business. Especially when the relationships are close, make sure whoever you bring on board is capable since the ramifications of things going sour are amplified, when family or friends are involved. If you find something's not working, don&rsquo;t be afraid to let go of volunteers who add little to no value to the company&rsquo;s bottom line. Lastly but not least, always be thankful and appreciative to these selfless beings for the extra help! Honestly, I'm not sure what I would do without the countless people who contributed to the success of my business.</p><p>Weekly wine pairing tip: For a wine that offers no risk of disappointing your palate, try the <a title="Tupun Torrontes" href="http://www.cookinglight.com/entertaining/holidays-occasions/best-wine-to-gift-00412000069376/page7.html" target="_blank">Tupun Torront&eacute;s</a> out of Argentina. Filled with peach flavors and hints of lemon zest and citrus, it's just delightful.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/saving-money-bkt_13941.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Thinking of starting a business, but not sure where youll find the cash? Here are a few tips on how to launch a business with little to no money out of pocket.</p><p><b>Just like meeting </b>Mr. or Mrs. "Right," or having your first child, the most opportune time to launch a new product or service can arise when you least expect it. And to fully take advantage of all that comes along with the opportunity, you must hold your breath and take the plunge!</p><p>Assuming you're like most people in this world&mdash;not born silver-spoon-in-mouth&mdash;you might feel the cards are stacked against you in starting a business. How can you turn your idea into a thriving business without much, or any, start-up capital? In this era of multi-million-dollar Series A investments, is it even possible to start-up without angel or VC funding?</p><p>Of course it is. But it's neither easy nor intuitive. Here are three tips, based on my personal experience, on how to start up without hawking all of your worldly possessions in the process:</p><p>1. <b>Don't quit</b><b> your day job</b>. At least not yet. By staying put at a 9-to-5 as you prepare for your company's launch, your salary can support the impromptu expenses (beyond the cost of your personal time) that inadvertently pop up when starting a venture. Doing so also provides the financial peace of mind to observe and learn from other people's successes and failures before diving in. This comes in the form of networking with industry players, volunteering, and researching the entrepreneurial space to get ready for what's in store! For a head start on the latter, check out <a title="The Everyday Entrepreneur" href="http://www.barnesandnoble.com/w/everyday-entrepreneur-rob-basso/1100761978" target="_blank">The Everyday Entrepreneur</a>. It's a quick read with easy-to-apply lessons from entrepreneurs across a range of industries who provide the advice needed to prevent costly mistakes novices might make otherwise.</p><p>2. <b>Exercise all options&mdash;virtually. </b>One of the biggest (and bought) lessons I learned while founding Heritage Link Brands is that not all countries, states, or municipalities are alike where setting up the physical location of a company is concerned. And some, more than others, provide incentives or tacit benefits to startups to encourage enterprise, depending on the industry, product or service provided. Since our venture of choice was wine (one of the most heavily regulated industries in the world), we took diligent notes to understand costs (i.e. annual licensing: $5,000 in Massachusetts versus $400 in California) and made decisions accordingly. With the tremendous amount of information available through the Web, take advantage of side-by-side comparisons or business <a title="Business Index" href="http://www.doingbusiness.org/rankings">indices</a> before making any hard-core investments. Also be sure to explore services that allow you to outsource some of the minutia that comes along with administering a business, like <a title="Elance" href="https://www.elance.com/q/home-1/?rid=1R0LP&amp;utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=Elance+Brand&amp;utm_term=elance&amp;ad=10002212178&amp;gclid=COnarN3Aj64CFUff4AodtTRidg" target="_blank">Elance</a> or <a href="http://www.talentgurus.net/" target="_blank">Talent Gurus</a>. With the support of such firms, your business can ramp up slowly as you accelerate your bandwidth to match the venture's growth trajectory.</p><p>3. <b>Don't be afraid to accept the kindness of strangers, friends or family! </b>Whether tapping into an alma mater network for interns or fielding volunteers that learn how special and differentiated your offering is<br /> through word of mouth, you can expand the capacity of your venture tremendously. The easiest way to manage this low/no cost option is to introduce a trial period for these wonderful souls to gauge fit and develop systems and processes for firm hires in the future. Also be sure to align skill sets with the demands of the business. Especially when the relationships are close, make sure whoever you bring on board is capable since the ramifications of things going sour are amplified, when family or friends are involved. If you find something's not working, don&rsquo;t be afraid to let go of volunteers who add little to no value to the company&rsquo;s bottom line. Lastly but not least, always be thankful and appreciative to these selfless beings for the extra help! Honestly, I'm not sure what I would do without the countless people who contributed to the success of my business.</p><p>Weekly wine pairing tip: For a wine that offers no risk of disappointing your palate, try the <a title="Tupun Torrontes" href="http://www.cookinglight.com/entertaining/holidays-occasions/best-wine-to-gift-00412000069376/page7.html" target="_blank">Tupun Torront&eacute;s</a> out of Argentina. Filled with peach flavors and hints of lemon zest and citrus, it's just delightful.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 08:39:00 -0500</pubDate>
			<dc:creator>Selena Cuffe</dc:creator>
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				<media:title type="plain">Launch a Business on the Cheap: 3 Tips</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/selena-cuffe/how-to-launch-a-bootstrapping-business.html</feedburner:origLink></item>
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			<title>8 Tacky Business Moves to Avoid</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/PHJc8_VN-pI/8-tacky-business-moves-to-avoid.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/tacky-bucket_13928.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Don't be that person. Seriously.</p><p>Some of these moves are just plain rude. Others are real reputation-killers. Don't be caught making any of them:</p><p><b>1. Your significant other publicly criticizes employees, customers, or vendors.</b> No matter how justified, no matter how right, they don&rsquo;t work there. They have no right.</p><p>It always without exception sounds horrible.</p><p>In fact it sounds something <a href="http://www.youtube.com/watch?v=bZqYXdPb0fE&amp;feature=related">like this</a>.</p><p>(Go ahead and watch. I'll wait.)</p><p>Told you.</p><p><b>2. You sell an item that was a gift. </b>Say you write a popular tech blog. A manufacturer gives you a tablet in hopes you&rsquo;ll review it on your blog. It&rsquo;s a gift. It&rsquo;s yours to do with as you please.</p><p>If you don&rsquo;t want it, now or later, give it back. Or donate it to charity. Just don&rsquo;t sell it. That&rsquo;s tacky.</p><p><b>3. You ask for a favor and then describe how the favor should be performed.</b> When you ask someone to help you, describe what you need. If he agrees let him help you&mdash;on his terms.</p><p>It sucks to say yes only to find out that 10 more conditions also apply. (Which is why, &ldquo;Hey, do you have any free time tomorrow?&rdquo; should always be followed by, &ldquo;Maybe&hellip; what do you need?&rdquo;)</p><p>Beggars can&rsquo;t be post-agreement choosers.</p><p><b>4. You don't stay to the end when you&rsquo;re given tickets to an event.</b> Providing tickets to sports games, concerts, etc. are a time-honored customer relationship tradition. Even if the game is a blowout, half the crowd is gone, the players have lost interest, and your &ldquo;host&rdquo; isn&rsquo;t even there, stay until it&rsquo;s over.</p><p>Anything less shows you really didn&rsquo;t appreciate the gesture.</p><p><b>5. You&mdash;however mildly&mdash;criticize a nice gesture.</b> I once wrote a review for a person at their request. I posted it. The next day she emailed me. &ldquo;Could you change a few of the words in your review? You used &lsquo;great&rsquo; three times. Change two to &lsquo;excellent&rsquo; and &lsquo;outstanding&rsquo;?&rdquo;</p><p>Um, no, I can&rsquo;t. Forget I used "great" three times in the same sentence on purpose because I liked the rhythm. It was an awesome review. Why quibble?</p><p>Don&rsquo;t try to turn someone else&rsquo;s nice gesture into something even nicer. Just say thanks.</p><p><b>6. You interview someone&rsquo;s friend as a courtesy.</b> Throwing someone a bone usually means someone gets hurt. If the friend does not otherwise deserve an interview, don&rsquo;t go through the motions.</p><p><b>7. You commit a lunchtime assault.</b> Your perfume or cologne should never precede you; neither should your lunch.  Save the fragrant leftovers for home. The only time anyone should ever know what you&rsquo;re having for lunch is if they ask.</p><p><b>8. You do something at the office party you wouldn&rsquo;t do at work.</b> Okay, you can have a drink even though you (I&rsquo;m guessing?) wouldn&rsquo;t have one at work.</p><p>Still, work parties, picnics, or outings are an extension of work. They aren&rsquo;t Vegas. What you say and do at the office party doesn&rsquo;t stay at the office party&mdash;everyone remembers, often in the form of legend.</p><p>And then you&rsquo;re <a href="http://www.youtube.com/watch?v=ooUcApOAzSk">that girl</a>.</p><p>Don&rsquo;t be that girl.</p><p>What's on your list of tacky business moves?</p><br clear="both" style="clear: both;"/>
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			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/tacky-bucket_13928.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Don't be that person. Seriously.</p><p>Some of these moves are just plain rude. Others are real reputation-killers. Don't be caught making any of them:</p><p><b>1. Your significant other publicly criticizes employees, customers, or vendors.</b> No matter how justified, no matter how right, they don&rsquo;t work there. They have no right.</p><p>It always without exception sounds horrible.</p><p>In fact it sounds something <a href="http://www.youtube.com/watch?v=bZqYXdPb0fE&amp;feature=related">like this</a>.</p><p>(Go ahead and watch. I'll wait.)</p><p>Told you.</p><p><b>2. You sell an item that was a gift. </b>Say you write a popular tech blog. A manufacturer gives you a tablet in hopes you&rsquo;ll review it on your blog. It&rsquo;s a gift. It&rsquo;s yours to do with as you please.</p><p>If you don&rsquo;t want it, now or later, give it back. Or donate it to charity. Just don&rsquo;t sell it. That&rsquo;s tacky.</p><p><b>3. You ask for a favor and then describe how the favor should be performed.</b> When you ask someone to help you, describe what you need. If he agrees let him help you&mdash;on his terms.</p><p>It sucks to say yes only to find out that 10 more conditions also apply. (Which is why, &ldquo;Hey, do you have any free time tomorrow?&rdquo; should always be followed by, &ldquo;Maybe&hellip; what do you need?&rdquo;)</p><p>Beggars can&rsquo;t be post-agreement choosers.</p><p><b>4. You don't stay to the end when you&rsquo;re given tickets to an event.</b> Providing tickets to sports games, concerts, etc. are a time-honored customer relationship tradition. Even if the game is a blowout, half the crowd is gone, the players have lost interest, and your &ldquo;host&rdquo; isn&rsquo;t even there, stay until it&rsquo;s over.</p><p>Anything less shows you really didn&rsquo;t appreciate the gesture.</p><p><b>5. You&mdash;however mildly&mdash;criticize a nice gesture.</b> I once wrote a review for a person at their request. I posted it. The next day she emailed me. &ldquo;Could you change a few of the words in your review? You used &lsquo;great&rsquo; three times. Change two to &lsquo;excellent&rsquo; and &lsquo;outstanding&rsquo;?&rdquo;</p><p>Um, no, I can&rsquo;t. Forget I used "great" three times in the same sentence on purpose because I liked the rhythm. It was an awesome review. Why quibble?</p><p>Don&rsquo;t try to turn someone else&rsquo;s nice gesture into something even nicer. Just say thanks.</p><p><b>6. You interview someone&rsquo;s friend as a courtesy.</b> Throwing someone a bone usually means someone gets hurt. If the friend does not otherwise deserve an interview, don&rsquo;t go through the motions.</p><p><b>7. You commit a lunchtime assault.</b> Your perfume or cologne should never precede you; neither should your lunch.  Save the fragrant leftovers for home. The only time anyone should ever know what you&rsquo;re having for lunch is if they ask.</p><p><b>8. You do something at the office party you wouldn&rsquo;t do at work.</b> Okay, you can have a drink even though you (I&rsquo;m guessing?) wouldn&rsquo;t have one at work.</p><p>Still, work parties, picnics, or outings are an extension of work. They aren&rsquo;t Vegas. What you say and do at the office party doesn&rsquo;t stay at the office party&mdash;everyone remembers, often in the form of legend.</p><p>And then you&rsquo;re <a href="http://www.youtube.com/watch?v=ooUcApOAzSk">that girl</a>.</p><p>Don&rsquo;t be that girl.</p><p>What's on your list of tacky business moves?</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 07:45:00 -0500</pubDate>
			<dc:creator>Jeff Haden</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/tacky-pano_13928.jpg" type="image/jpeg" length="50230" />
			<guid isPermaLink="false">http://www.inc.com/jeff-haden/8-tacky-business-moves-to-avoid.html</guid>
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				<media:title type="plain">8 Tacky Business Moves to Avoid</media:title>
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			<title>How to Fix Your Presentations</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/NaMQRKYvlIc/how-to-fix-your-presentations.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bigstock_Attractive_Businesswoman_Laugh_11047682-336x336_13936.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>If you want your audience to make a decision, you need to tell a good story.  Here's how to avoid Death by PowerPoint.</p><p>Most business presentations are as boring as watching paint dry ... in slow motion.  If you want to persuade your audience to make a decision, you need to make it interesting&ndash;which means that you must tell a story.</p><p>The reason is simple.  The human brain automatically organizes everything into stories, because that's how we understand the meaning and context of everything around us.</p><p>So if your presentation doesn't tell a story, your audience's mind will create one. Unfortunately, it will sound like this: "We sat down and saw some slides and this guy talked about them for a while and then we all got up and left."</p><p>And that's if you're lucky. If you're not, the story your audience creates will look like this: "We sat down and some bozo started blathering about something, so I pulled out my phone and answered email until he was done."</p><p>Here's exactly how to tell a story that persuades an audience.</p><p><b>1. Know what decision you want made.</b> When most people start out to create a presentation, they start with the question: "What do I want to say to these people?" The correct question, however, is: "What decision do these people really need to make?"  The story must hinge on that decision being made.</p><p><b>2. Begin with a "heart-stopper."</b> Every movie, TV show, or novel starts with something that captures your attention&ndash;and your emotions&ndash;and holds your interest while you "get into" the story.  Without a "heart stopper," the audience's mind will wander.</p><p><b>3. Make the audience the main character.</b>  To maintain the interest of your listeners, the story must be about them, not you. At best, you and your firm should play a "best supporting actor" role&ndash;but the main role is always the audience's, and the action is what happens (or might happen) to them.</p><p><b>4. Create a plot line. </b> A plot line consists of a goal and some obstacles that the main character must overcome in order to achieve that goal.  For your presentation, the key to overcoming the obstacle(s) should be the decision you want made.  In other words, if they don't make the decision, they can't reach the goal.</p><p><b>5. Provide a "risk-remover." </b>The risk-remover eliminates any remaining reluctance to make a decision. By anticipating and addressing concerns, you can push the audience off the fence and persuade them to make the decision now.</p><p><b>6. Ask for the next step.</b>  This is where you ask the audience to actually make the decision that was the point of the entire presentation.  'Nuff said.</p><p><b>Example: Selling a Supply-Chain Remedy </b></p><p>Suppose you're selling a supply chain solution to a medium-sized firm.  The decision you want made is therefore a buying decision (See Step 1 above.) With that in mind, here's a story that would likely persuade the decision-makers to buy:</p><p><b>Slide:</b> $10 Million<br /> Pause to let that number sink in. "Yes, $10 million dollars. That&rsquo;s what you lost last year." (This is the heart-stopper.)</p><p><b>Slide:</b> Inventory Problems <br /> "According to the research that I&rsquo;ve conducted with your team, your company's inability to track inventory has resulted in the defection of three large customers and several smaller ones.  The total amount of revenue from those accounts was $2 million, but the reputation that you&rsquo;ve gotten in the industry has lost you additional sales.  In fact, $10 million is probably a conservative estimate."  (This identifies the main character and goal.)</p><p><b>Slide: </b>Lost Market Share<br /> "If the current trend continues, there&rsquo;s no doubt that you will lose market share to your competitors.  This will allow them to apply economies of scale that your company will eventually be unable to match.  Worst case, you could go into a downward spiral where you become successively less competitive." (This identifies the obstacles to achieving that goal.)</p><p><b>Slide:</b> Controlling Inventory<br /> "The challenge with inventory control isn&rsquo;t just getting costs under control; it&rsquo;s turning your inventory into a competitive advantage.  Here are some examples of companies that have not just managed to reduce their inventory costs, but used a shortened supply chain and just-in-time inventory to gain new customers ..." (This increases the desirability of the goal.)</p><p><b>Slide:</b> [Simple Table]<br /> "This is the top line of a spreadsheet that I&rsquo;ve worked up with the help of your CFO, showing how an inventory control solution can gradually get expenses in line and increase sales revenue.  You&rsquo;ll note that the bulk of the cost savings comes within three months of installation, but then there&rsquo;s a follow-on effect of increased revenue."  (Your offering thus makes the goal achievable.)</p><p><b>Slide:</b> Risks<br /> I&rsquo;ve already met with your technical guru to ensure that it&rsquo;s fully compatible with your existing infrastructure and our engineers have pre-qualified your system for an easy install." (This is the risk-remover.)</p><p><b>Slide:</b> Next Steps<br /> "As soon as we get the go-ahead, we can have this system installed within three weeks. Are there any questions?" (This is the close.)</p><p><b>The Takeaways</b></p><p>Needless to say, there would need to be plenty of data and reality behind the various points in the story.  And for this to work in an actual sales situation, you'd probably have to meet one on one with many of the participants to get your ducks in a row, as they say.</p><p>But the structure is all about creating emotion and persuading the audience to make a decision, right now.</p><p>By the way, did you notice that the slides themselves were very simple, with no bullet points? That's 100 percent intentional and quite important.  I'll explain why in a future column.</p><p>In fact, I'm preparing a huge column showing exactly how to craft a presentation so that it has maximum emotional impact.  So you'll definitely want to stay tuned. The best ways to do this are either to sign up for my weekly <a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=125004">"insider" newsletter</a> or my <a href="http://www.twitter.com/Sales_Source">@Sales_Source</a> Twitter feed.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bigstock_Attractive_Businesswoman_Laugh_11047682-336x336_13936.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>If you want your audience to make a decision, you need to tell a good story.  Here's how to avoid Death by PowerPoint.</p><p>Most business presentations are as boring as watching paint dry ... in slow motion.  If you want to persuade your audience to make a decision, you need to make it interesting&ndash;which means that you must tell a story.</p><p>The reason is simple.  The human brain automatically organizes everything into stories, because that's how we understand the meaning and context of everything around us.</p><p>So if your presentation doesn't tell a story, your audience's mind will create one. Unfortunately, it will sound like this: "We sat down and saw some slides and this guy talked about them for a while and then we all got up and left."</p><p>And that's if you're lucky. If you're not, the story your audience creates will look like this: "We sat down and some bozo started blathering about something, so I pulled out my phone and answered email until he was done."</p><p>Here's exactly how to tell a story that persuades an audience.</p><p><b>1. Know what decision you want made.</b> When most people start out to create a presentation, they start with the question: "What do I want to say to these people?" The correct question, however, is: "What decision do these people really need to make?"  The story must hinge on that decision being made.</p><p><b>2. Begin with a "heart-stopper."</b> Every movie, TV show, or novel starts with something that captures your attention&ndash;and your emotions&ndash;and holds your interest while you "get into" the story.  Without a "heart stopper," the audience's mind will wander.</p><p><b>3. Make the audience the main character.</b>  To maintain the interest of your listeners, the story must be about them, not you. At best, you and your firm should play a "best supporting actor" role&ndash;but the main role is always the audience's, and the action is what happens (or might happen) to them.</p><p><b>4. Create a plot line. </b> A plot line consists of a goal and some obstacles that the main character must overcome in order to achieve that goal.  For your presentation, the key to overcoming the obstacle(s) should be the decision you want made.  In other words, if they don't make the decision, they can't reach the goal.</p><p><b>5. Provide a "risk-remover." </b>The risk-remover eliminates any remaining reluctance to make a decision. By anticipating and addressing concerns, you can push the audience off the fence and persuade them to make the decision now.</p><p><b>6. Ask for the next step.</b>  This is where you ask the audience to actually make the decision that was the point of the entire presentation.  'Nuff said.</p><p><b>Example: Selling a Supply-Chain Remedy </b></p><p>Suppose you're selling a supply chain solution to a medium-sized firm.  The decision you want made is therefore a buying decision (See Step 1 above.) With that in mind, here's a story that would likely persuade the decision-makers to buy:</p><p><b>Slide:</b> $10 Million<br /> Pause to let that number sink in. "Yes, $10 million dollars. That&rsquo;s what you lost last year." (This is the heart-stopper.)</p><p><b>Slide:</b> Inventory Problems <br /> "According to the research that I&rsquo;ve conducted with your team, your company's inability to track inventory has resulted in the defection of three large customers and several smaller ones.  The total amount of revenue from those accounts was $2 million, but the reputation that you&rsquo;ve gotten in the industry has lost you additional sales.  In fact, $10 million is probably a conservative estimate."  (This identifies the main character and goal.)</p><p><b>Slide: </b>Lost Market Share<br /> "If the current trend continues, there&rsquo;s no doubt that you will lose market share to your competitors.  This will allow them to apply economies of scale that your company will eventually be unable to match.  Worst case, you could go into a downward spiral where you become successively less competitive." (This identifies the obstacles to achieving that goal.)</p><p><b>Slide:</b> Controlling Inventory<br /> "The challenge with inventory control isn&rsquo;t just getting costs under control; it&rsquo;s turning your inventory into a competitive advantage.  Here are some examples of companies that have not just managed to reduce their inventory costs, but used a shortened supply chain and just-in-time inventory to gain new customers ..." (This increases the desirability of the goal.)</p><p><b>Slide:</b> [Simple Table]<br /> "This is the top line of a spreadsheet that I&rsquo;ve worked up with the help of your CFO, showing how an inventory control solution can gradually get expenses in line and increase sales revenue.  You&rsquo;ll note that the bulk of the cost savings comes within three months of installation, but then there&rsquo;s a follow-on effect of increased revenue."  (Your offering thus makes the goal achievable.)</p><p><b>Slide:</b> Risks<br /> I&rsquo;ve already met with your technical guru to ensure that it&rsquo;s fully compatible with your existing infrastructure and our engineers have pre-qualified your system for an easy install." (This is the risk-remover.)</p><p><b>Slide:</b> Next Steps<br /> "As soon as we get the go-ahead, we can have this system installed within three weeks. Are there any questions?" (This is the close.)</p><p><b>The Takeaways</b></p><p>Needless to say, there would need to be plenty of data and reality behind the various points in the story.  And for this to work in an actual sales situation, you'd probably have to meet one on one with many of the participants to get your ducks in a row, as they say.</p><p>But the structure is all about creating emotion and persuading the audience to make a decision, right now.</p><p>By the way, did you notice that the slides themselves were very simple, with no bullet points? That's 100 percent intentional and quite important.  I'll explain why in a future column.</p><p>In fact, I'm preparing a huge column showing exactly how to craft a presentation so that it has maximum emotional impact.  So you'll definitely want to stay tuned. The best ways to do this are either to sign up for my weekly <a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=125004">"insider" newsletter</a> or my <a href="http://www.twitter.com/Sales_Source">@Sales_Source</a> Twitter feed.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 06:03:01 -0500</pubDate>
			<dc:creator>Geoffrey James</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/meeting-fun_13936.jpg" type="image/jpeg" length="40860" />
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				<media:title type="plain">How to Fix Your Presentations</media:title>
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			<title>9 New Rules for Great First Impressions</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/JL5OeM70MKA/new-rules-for-great-first-impressions.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/nametag-336x336_13929.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>It takes more than a firm handshake to make a great first impression these days. Use these tips to make sure you're getting it right.</p><p>Basic business truths keep coming back in new ways. One of those truths is that you don&rsquo;t get a second chance to make a first impression.</p><p>We&rsquo;ve been all told this since we were 2 years old. So why am I even talking about it? Because I see so many mistakes being made in this area on a regular basis. Some are old mistakes, but the new digital era also brings new mistakes.</p><p>Here are the new rules for making a great first impression.</p><p><b>Online Presence</b></p><p>It used to be that you made your first impression with a firm handshake, a smile and a pressed suit. Now your first impression precedes you&ndash;and it happens digitally.</p><ul><li>Make certain your picture, profile and position are on your company website&ndash;as well as those of any people on your team you bring to a meeting.</li><li>Have a current and robust profile on LinkedIn. Almost one out of every two executives who are meeting with someone for the first time looks online prior to the meeting&ndash;and LinkedIn is one of the most frequently used platforms.</li><li>Restrict your non-friend Facebook access. There is no sense in letting your personal life drive your first professional impression, even if you think you have nothing to hide.</li></ul><p><b>Your Team</b></p><p>The people who surround you are a clear part of your professional impression. Prospective partners and customers know that performance quality is driven by many people. Good teams create chemistry and confidence in the first impression.</p><ul><li> Make sure your team understands all the same rules about grooming, handshakes, dress, smiles and eye contact that you follow. The first impression that your team makes is the first impression that you make.</li><li>Take the right number of people to a meeting. Base it on the number of people the other company is bringing. If you have too many from your side, you will make them feel overwhelmed; too few suggests a lack of understanding and respect. I like a 2:3 ratio&ndash;two of our side for every three of theirs.</li><li>Congruity is important. You don&rsquo;t have to look, sound and act exactly alike. You do have to demonstrate some positive chemistry together.</li></ul><p><b>Communication &amp; Details</b></p><p>Because you are sending out so many first impressions before you connect face to face, you need to make certain you get all of the details right.</p><ul><li><b>Emails</b>: The agenda, appointment confirmation and logistics need to be managed well. Your emails need to have complete contact information&ndash;including names and titles for all attendees you are bringing.</li><li><b>Voicemails</b>: Button down the details by making certain to leave the same information that you sent in your email on voicemail as well. You never know which communication technology someone prefers; they may only use one. Better to overcommunicate.</li><li><b>What to bring: </b>Bring it all; bring it on paper and digital; and bring more copies than you think you need. That goes for collateral material, presentations and (if this is your thing) delightful parting gifts. Also, make certain everyone on your team brings his or her business cards.</li></ul><p>As the world becomes digitally porous, the aperture of perception gets bigger&ndash;but our control over it gets smaller. Use these new rules to make your best first impression.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/nametag-336x336_13929.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>It takes more than a firm handshake to make a great first impression these days. Use these tips to make sure you're getting it right.</p><p>Basic business truths keep coming back in new ways. One of those truths is that you don&rsquo;t get a second chance to make a first impression.</p><p>We&rsquo;ve been all told this since we were 2 years old. So why am I even talking about it? Because I see so many mistakes being made in this area on a regular basis. Some are old mistakes, but the new digital era also brings new mistakes.</p><p>Here are the new rules for making a great first impression.</p><p><b>Online Presence</b></p><p>It used to be that you made your first impression with a firm handshake, a smile and a pressed suit. Now your first impression precedes you&ndash;and it happens digitally.</p><ul><li>Make certain your picture, profile and position are on your company website&ndash;as well as those of any people on your team you bring to a meeting.</li><li>Have a current and robust profile on LinkedIn. Almost one out of every two executives who are meeting with someone for the first time looks online prior to the meeting&ndash;and LinkedIn is one of the most frequently used platforms.</li><li>Restrict your non-friend Facebook access. There is no sense in letting your personal life drive your first professional impression, even if you think you have nothing to hide.</li></ul><p><b>Your Team</b></p><p>The people who surround you are a clear part of your professional impression. Prospective partners and customers know that performance quality is driven by many people. Good teams create chemistry and confidence in the first impression.</p><ul><li> Make sure your team understands all the same rules about grooming, handshakes, dress, smiles and eye contact that you follow. The first impression that your team makes is the first impression that you make.</li><li>Take the right number of people to a meeting. Base it on the number of people the other company is bringing. If you have too many from your side, you will make them feel overwhelmed; too few suggests a lack of understanding and respect. I like a 2:3 ratio&ndash;two of our side for every three of theirs.</li><li>Congruity is important. You don&rsquo;t have to look, sound and act exactly alike. You do have to demonstrate some positive chemistry together.</li></ul><p><b>Communication &amp; Details</b></p><p>Because you are sending out so many first impressions before you connect face to face, you need to make certain you get all of the details right.</p><ul><li><b>Emails</b>: The agenda, appointment confirmation and logistics need to be managed well. Your emails need to have complete contact information&ndash;including names and titles for all attendees you are bringing.</li><li><b>Voicemails</b>: Button down the details by making certain to leave the same information that you sent in your email on voicemail as well. You never know which communication technology someone prefers; they may only use one. Better to overcommunicate.</li><li><b>What to bring: </b>Bring it all; bring it on paper and digital; and bring more copies than you think you need. That goes for collateral material, presentations and (if this is your thing) delightful parting gifts. Also, make certain everyone on your team brings his or her business cards.</li></ul><p>As the world becomes digitally porous, the aperture of perception gets bigger&ndash;but our control over it gets smaller. Use these new rules to make your best first impression.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Fri, 10 Feb 2012 05:37:45 -0500</pubDate>
			<dc:creator>Tom Searcy</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/nametag-336x336_13929.jpg" type="image/jpeg" length="20314" />
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			<media:content url="http://www.inc.com/uploaded_files/image/nametag-336x336_13929.jpg" type="image/jpeg">
				<media:title type="plain">9 New Rules for Great First Impressions</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/tom-searcy/new-rules-for-great-first-impressions.html</feedburner:origLink></item>
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			<title>How to Undercut the Competition</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/l-CxCq8jsvg/how-baublebar-undercuts-the-competition.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bauble-bkt_13897.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Amy Jain and Daniella Yacobovsky, the co-founders of online retailer BaubleBar, talk about how they convince customers they sell quality designer jewelry, despite their lower prices.</p><p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bauble-bkt_13897.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Amy Jain and Daniella Yacobovsky, the co-founders of online retailer BaubleBar, talk about how they convince customers they sell quality designer jewelry, despite their lower prices.</p><p><object type="application/x-shockwave-flash" id="embedded_player_2c4967c5fe232" name="embedded_player_2c4967c5fe232" width="512" height="313" data="http://service.twistage.com/plugins/player.swf"><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 18:10:00 -0500</pubDate>
			<dc:creator>Nicole CarterTim Rice and </dc:creator>
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				<media:title type="plain">How to Undercut the Competition</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/nicole-carter-and-tim-rice/how-baublebar-undercuts-the-competition.html</feedburner:origLink></item>
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			<title>Nice Girls Brag: Here’s How</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/nLRRqU1r1u4/nice-girls-brag-heres-how.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_bragging-bkt_13952.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Women are told that its not ladylike to brag. But done right, it can be one of the most effective ways to grow your business and your influence.</p><p>If you&rsquo;re good at what you do, why aren&rsquo;t you shouting it from the rooftops? Because you&rsquo;re a woman? That&rsquo;s what <a href="http://blogs.psychcentral.com/research/2011/women-and-negotiation-damned-if-they-dont-damned-if-they-do/">researchers have found</a>. Women don&rsquo;t get ahead because, <a href="http://marketingtowomenonline.typepad.com/blog/2011/07/why-women-need-to-brag-more-often.html" target="_blank">the pundits say</a>, they don&rsquo;t know how to speak up about their accomplishments; they&rsquo;ve been trained to think it is &ldquo;unladylike&rdquo; to brag.  Well, here&rsquo;s your chance to drive a stake into the heart of that success-sucking adage.</p><p>But you can do it without sounding boastful. Brag without bragging by putting yourself forward as a success story in competitions, such as:</p><ul><li><a href="http://www.ey.com/US/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year" target="_blank">The Ernst &amp; Young Entrepreneur of the Year Award</a></li><li><a href="http://www.inc.com/inc5000apply/2012/" target="_blank">The Inc. 500/5000 List</a></li><li><a href="http://www.womenpresidentsorg.com/www.womenpresidentsorg.com/50fastest" target="_blank">The Women Presidents&rsquo; Organization</a>. The Women&rsquo;s Presidents Organization is a peer-advisory forum for multimillion dollar, women-led businesses</li></ul><p>If you are a successful, high-growth woman entrepreneur and you want to increase your visibility as a leader, your company&rsquo;s visibility as a supplier of products or services, and inspire other women to become entrepreneurs, being named to such lists is a canny business move.</p>Visibility as a leader<p>The honor adds weight to your bio and to your credibility and exposes you to a network of like-motivated women. It&rsquo;s an outside voice saying that you&rsquo;re great, which is more credible than the &ldquo;about&rdquo; section on your website.  It&rsquo;s less uncomfortable than outright boasting. Yes, you have to nominate yourself but that&rsquo;s only awkward while you&rsquo;re filling out the application. If you win, the kudos are forever.</p><p>Liz Elting, co-CEO of <a href="http://transperfect.com/" target="_blank">TransPerfect</a>, was one of the Women&rsquo;s Presidents Organization&rsquo;s top 50 last year. &ldquo;To me, the best thing about having been named among the WPO&rsquo;s 50 Fastest Growing Women-Owned/Led Businesses is being recognized alongside such a fantastic group of women who, very likely, have overcome many of the same obstacles that I did,&rdquo; she says.</p>Visibility for your company<p>Past winners are the company you want to keep, multi-million dollar businesses that will be featured in business news stories around the web. If you have thoughts about bringing on investors or getting outside financing, being on the next list can only help. And all those stories and search engine hits will make your company more visible to potential customers.</p><p>And who doesn&rsquo;t like working for a winner? Awards make it easier to hire and retain good talent.</p>Modeling entrepreneurship as a career for women<p>You can be an inspiration for other women. For Elting, one of the biggest benefits of being a Top 50 is to show smart, ambitious women who worked hard that they have a choice; they can be both successful high-rollers and good moms.</p><p>&ldquo;It&rsquo;s not that easy,&rdquo; she says, &ldquo;but you can develop a strategy that enables you to do both successfully.&rdquo;  She&rsquo;s received calls and emails from women, telling her that seeing TransPerfect&rsquo;s ranking helped them see what&rsquo;s possible.</p><p>Speak up. Boast a little. If you&rsquo;ve done the work, take the credit.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_bragging-bkt_13952.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Women are told that its not ladylike to brag. But done right, it can be one of the most effective ways to grow your business and your influence.</p><p>If you&rsquo;re good at what you do, why aren&rsquo;t you shouting it from the rooftops? Because you&rsquo;re a woman? That&rsquo;s what <a href="http://blogs.psychcentral.com/research/2011/women-and-negotiation-damned-if-they-dont-damned-if-they-do/">researchers have found</a>. Women don&rsquo;t get ahead because, <a href="http://marketingtowomenonline.typepad.com/blog/2011/07/why-women-need-to-brag-more-often.html" target="_blank">the pundits say</a>, they don&rsquo;t know how to speak up about their accomplishments; they&rsquo;ve been trained to think it is &ldquo;unladylike&rdquo; to brag.  Well, here&rsquo;s your chance to drive a stake into the heart of that success-sucking adage.</p><p>But you can do it without sounding boastful. Brag without bragging by putting yourself forward as a success story in competitions, such as:</p><ul><li><a href="http://www.ey.com/US/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year" target="_blank">The Ernst &amp; Young Entrepreneur of the Year Award</a></li><li><a href="http://www.inc.com/inc5000apply/2012/" target="_blank">The Inc. 500/5000 List</a></li><li><a href="http://www.womenpresidentsorg.com/www.womenpresidentsorg.com/50fastest" target="_blank">The Women Presidents&rsquo; Organization</a>. The Women&rsquo;s Presidents Organization is a peer-advisory forum for multimillion dollar, women-led businesses</li></ul><p>If you are a successful, high-growth woman entrepreneur and you want to increase your visibility as a leader, your company&rsquo;s visibility as a supplier of products or services, and inspire other women to become entrepreneurs, being named to such lists is a canny business move.</p>Visibility as a leader<p>The honor adds weight to your bio and to your credibility and exposes you to a network of like-motivated women. It&rsquo;s an outside voice saying that you&rsquo;re great, which is more credible than the &ldquo;about&rdquo; section on your website.  It&rsquo;s less uncomfortable than outright boasting. Yes, you have to nominate yourself but that&rsquo;s only awkward while you&rsquo;re filling out the application. If you win, the kudos are forever.</p><p>Liz Elting, co-CEO of <a href="http://transperfect.com/" target="_blank">TransPerfect</a>, was one of the Women&rsquo;s Presidents Organization&rsquo;s top 50 last year. &ldquo;To me, the best thing about having been named among the WPO&rsquo;s 50 Fastest Growing Women-Owned/Led Businesses is being recognized alongside such a fantastic group of women who, very likely, have overcome many of the same obstacles that I did,&rdquo; she says.</p>Visibility for your company<p>Past winners are the company you want to keep, multi-million dollar businesses that will be featured in business news stories around the web. If you have thoughts about bringing on investors or getting outside financing, being on the next list can only help. And all those stories and search engine hits will make your company more visible to potential customers.</p><p>And who doesn&rsquo;t like working for a winner? Awards make it easier to hire and retain good talent.</p>Modeling entrepreneurship as a career for women<p>You can be an inspiration for other women. For Elting, one of the biggest benefits of being a Top 50 is to show smart, ambitious women who worked hard that they have a choice; they can be both successful high-rollers and good moms.</p><p>&ldquo;It&rsquo;s not that easy,&rdquo; she says, &ldquo;but you can develop a strategy that enables you to do both successfully.&rdquo;  She&rsquo;s received calls and emails from women, telling her that seeing TransPerfect&rsquo;s ranking helped them see what&rsquo;s possible.</p><p>Speak up. Boast a little. If you&rsquo;ve done the work, take the credit.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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</div><img src="http://feeds.feedburner.com/~r/inc/headlines/~4/nLRRqU1r1u4" height="1" width="1"/>]]></content:encoded>
			<pubDate>Thu, 09 Feb 2012 17:56:55 -0500</pubDate>
			<dc:creator>Geri Stengel</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/02102012_bragging-pano_13952.jpg" type="image/jpeg" length="39589" />
			<guid isPermaLink="false">http://www.inc.com/geri-stengel/nice-girls-brag-heres-how.html</guid>
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				<media:title type="plain">Nice Girls Brag: Here’s How</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/geri-stengel/nice-girls-brag-heres-how.html</feedburner:origLink></item>
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			<title>How to Lead Through Uncertainty</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/8jJRxanadwg/how-to-lead-through-uncertainty.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/pivot_bucket_13273.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>In a tough economy, the worst thing to lose isn't money. It's credibility as a leader. Here are three key things great leaders do in scary economic times..</p><p>The recent stock market rally and more positive US employment data have raised hopes that we are in the midst of a strengthening economic recovery. I hope it's true&mdash;yet the US unemployment rate is still over 8%, Europe appears to be heading for a recession, and we know the US budget deficit is at record levels and will have to be addressed. With these conflicting signals, you are probably trying to figure out whether to plan for a stronger economy or be more fearful that we might have another recession. Given this uncertainty, how should you manage yourself and your business?</p><p>I don't have a crystal ball, but I would suggest three steps that will help you better navigate this period.</p><p><b>1. Figure out your biggest risks, and do something about them</b>. <b>Now.</b> Think of the biggest exposures you face; loss of a major customer, a significant drop in sales due to a weak economy, or even a catastrophic health event in your family. Consider taking actions NOW that could help you mitigate these key exposures and weather unforeseen negative events. This could mean running your company (and family) expenses leaner, being more aggressive in reducing your debt if possible, and keeping more cash/liquidity than in the past.</p><p>You also want to be smart about the risks you are taking. Taking risk is part of business, but you don't want to take chances that are "asymetrical"&mdash;they have modest potential upside but, in the event of a downturn, could create catastrophic losses. This means more heavily scrutinizing decisions that could cause you to bet the ranch financially or push you to be over-extended.</p><p>These precautions should prepare you to survive periods of greater economic volatility and set you up to have the dry powder needed to take advantage of compelling new opportunities.</p><p><b>2. Do the "clean sheet of paper" exercise.</b> What worked 5 years ago is not as likely to work today. The world is changing rapidly (technologically, globally and economically) and you must be willing to adapt. This means you need to take a fresh look at your business. Does your strategy still make sense? Have your customer needs changed? Do you have the right people and are you organized in the right way? Do you need to change your leadership style? All these questions get at the issue of whether the design of your company is still aligned with achieving your goals.</p><p>For an individual, this exercise may mean re-assessing your investment portfolio and other key aspects of your personal financial management.</p><p>Asking these questions is easier said than done. Some people are too emotionally close to their current way of doing things or are too isolated to recognize that they have got to make changes! If this sounds like you, I would suggest that you give this assignment to 3 or 4 of your up-and-coming stars. Ask them to do a "clean sheet of paper" analysis over 3 or 4 weeks and come back to you with recommendations. Remind them that there should be no sacred cows. In my experience, you will get great advice, motivate your key people and identify critical changes that need to be made.</p><p>As a leader, one of the biggest risks you face is isolation. There may be looming problems that you don't recognize and aren't hearing about. Doing the clean sheet of paper exercise will help you puncture this isolation and make the changes you need to succeed in a difficult environment.</p><p><b>3. Act like a leader.</b> Keep your cool and don't play the blame game. The biggest potential casualty of this recent downturn won't be money&mdash;it will be confidence in your leadership. When things go wrong, do you blame others, shrink from taking ownership, fail to give credit when due or lose your temper? All these actions cause you to lose the respect of your people. Money can be recovered, loss of confidence in your leadership often can't be.</p><p>Tough economic conditions can bring out the worst insecurities in all of us. How you behave under this type of pressure sends a powerful message to your people about who you are, what you value, and how they should behave.</p><p>I see leaders every day who blame past leaders, get angry and engage in behaviors that distract and demoralize their staff. They miss an enormous opportunity to focus their people on the future.</p><p>This is a time to take ownership and look forward. You don't want your people looking over their shoulders. You want them thinking about opportunities and how to solve problems. You need to act as a role model for this type of behavior.</p><p>The next few years can be a time of great opportunity even though it will be uncertain and challenging. If you focus on managing your downside risks, regularly re-think how you do things, and act as a a role model, you have a great chance to thrive and grow stronger during this period.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/pivot_bucket_13273.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>In a tough economy, the worst thing to lose isn't money. It's credibility as a leader. Here are three key things great leaders do in scary economic times..</p><p>The recent stock market rally and more positive US employment data have raised hopes that we are in the midst of a strengthening economic recovery. I hope it's true&mdash;yet the US unemployment rate is still over 8%, Europe appears to be heading for a recession, and we know the US budget deficit is at record levels and will have to be addressed. With these conflicting signals, you are probably trying to figure out whether to plan for a stronger economy or be more fearful that we might have another recession. Given this uncertainty, how should you manage yourself and your business?</p><p>I don't have a crystal ball, but I would suggest three steps that will help you better navigate this period.</p><p><b>1. Figure out your biggest risks, and do something about them</b>. <b>Now.</b> Think of the biggest exposures you face; loss of a major customer, a significant drop in sales due to a weak economy, or even a catastrophic health event in your family. Consider taking actions NOW that could help you mitigate these key exposures and weather unforeseen negative events. This could mean running your company (and family) expenses leaner, being more aggressive in reducing your debt if possible, and keeping more cash/liquidity than in the past.</p><p>You also want to be smart about the risks you are taking. Taking risk is part of business, but you don't want to take chances that are "asymetrical"&mdash;they have modest potential upside but, in the event of a downturn, could create catastrophic losses. This means more heavily scrutinizing decisions that could cause you to bet the ranch financially or push you to be over-extended.</p><p>These precautions should prepare you to survive periods of greater economic volatility and set you up to have the dry powder needed to take advantage of compelling new opportunities.</p><p><b>2. Do the "clean sheet of paper" exercise.</b> What worked 5 years ago is not as likely to work today. The world is changing rapidly (technologically, globally and economically) and you must be willing to adapt. This means you need to take a fresh look at your business. Does your strategy still make sense? Have your customer needs changed? Do you have the right people and are you organized in the right way? Do you need to change your leadership style? All these questions get at the issue of whether the design of your company is still aligned with achieving your goals.</p><p>For an individual, this exercise may mean re-assessing your investment portfolio and other key aspects of your personal financial management.</p><p>Asking these questions is easier said than done. Some people are too emotionally close to their current way of doing things or are too isolated to recognize that they have got to make changes! If this sounds like you, I would suggest that you give this assignment to 3 or 4 of your up-and-coming stars. Ask them to do a "clean sheet of paper" analysis over 3 or 4 weeks and come back to you with recommendations. Remind them that there should be no sacred cows. In my experience, you will get great advice, motivate your key people and identify critical changes that need to be made.</p><p>As a leader, one of the biggest risks you face is isolation. There may be looming problems that you don't recognize and aren't hearing about. Doing the clean sheet of paper exercise will help you puncture this isolation and make the changes you need to succeed in a difficult environment.</p><p><b>3. Act like a leader.</b> Keep your cool and don't play the blame game. The biggest potential casualty of this recent downturn won't be money&mdash;it will be confidence in your leadership. When things go wrong, do you blame others, shrink from taking ownership, fail to give credit when due or lose your temper? All these actions cause you to lose the respect of your people. Money can be recovered, loss of confidence in your leadership often can't be.</p><p>Tough economic conditions can bring out the worst insecurities in all of us. How you behave under this type of pressure sends a powerful message to your people about who you are, what you value, and how they should behave.</p><p>I see leaders every day who blame past leaders, get angry and engage in behaviors that distract and demoralize their staff. They miss an enormous opportunity to focus their people on the future.</p><p>This is a time to take ownership and look forward. You don't want your people looking over their shoulders. You want them thinking about opportunities and how to solve problems. You need to act as a role model for this type of behavior.</p><p>The next few years can be a time of great opportunity even though it will be uncertain and challenging. If you focus on managing your downside risks, regularly re-think how you do things, and act as a a role model, you have a great chance to thrive and grow stronger during this period.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 17:38:29 -0500</pubDate>
			<dc:creator>Robert S. Kaplan</dc:creator>
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				<media:title type="plain">How to Lead Through Uncertainty</media:title>
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			<title>Delight Your Customers: Map How They Feel</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/tPV9QOWdoxo/want-to-delight-your-customers-map-their-emotions.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/336x336-bucket_Customer_Service_13935.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Make sure every interaction you have with your customers inspires a positive emotion.</p><p>Every interaction a customer has with your company says something about your brand. Do you know how you're making them feel with every touch point? Most companies have detailed processes for delivering products but very little definition of the emotional experience they want customers to have. To delight customers, decide how you want them to feel, and tailor your communications and actions to produce the right emotional experience.  </p><p><b>1.     </b><b>When do your customers interact with your company?</b></p><p>Start by outlining every typical touch point the customer has with your company while completing a process. This could be as detailed as the step-by-step process for registering online with your website, or as broad as your management of new clients if you're a services firm. The key is to list all the touch points where you can influence the customers' experience.  An Excel spreadsheet is a useful tool for this exercise.</p><p><b>2.     </b><b>How do you want your customers to feel?</b></p><p>At each point of interaction with your company, identify the primary impressions and emotions you want the customer to have. How do you want them to feel at each stage? You might want to talk with some customers for input if you are unclear how they want to feel.  Here are some useful examples from online to offline:</p><p>Example 1: Online Registration Step 1</p><p>What's the target customer emotion? "I feel confident I can complete this form with little hassle. What a relief!"</p><p>Example 2: Services Firm Project Kickoff Meeting with Client</p><p>What's the target customer emotion? "I'm relieved that all the details are covered, and I don't have to drive this project. Now I have time for other things.</p><p><b>3.     </b><b>Pinpoint your firm's actions and communications to drive those emotions.</b></p><p>Identify what specific actions your company can make at each touch point to drive the emotions and impressions you have defined.  If you have a deep understanding of your customers, then you can complete this process quickly with your team. If you are unsure how to address their emotional needs, spend more time talking with customers. Here's what I mean, continuing with the above examples:</p><p>Example 1: Online Registration Step 1</p><p>How to achieve this target emotion: "I feel confident I can complete this with little hassle. What a relief!"</p><ul><li>Make sure all registration fields are 'above the fold,' the form appears brief, and scrolling is not required.</li><li>Clearly indicate which fields are required and which are optional.</li><li>Offer more information for any fields that are not self-explanatory.</li><li>Provide friendly error messages that help rather than hinder customers</li></ul><p>Example 2: Services Firm Project Kickoff Meeting with Client</p><p>How to achieve this target emotion: "I'm relieved that all the details are covered, and I don't have to drive this project. Now I have time for other things."</p><ul><li>Prepare a detailed kickoff agenda with key questions and updates to set expectations correctly</li><li>Show deep understanding of the project scope and prior discussions</li><li>Drive the meeting so the client can be on "auto-pilot"</li><li>Show expertise on the product and industry</li><li>Arrange time and date for all subsequent meetings; own scheduling</li><li>Recap key decisions and all next step action items</li></ul><p><b>4.     </b><b>Make customer emotions part of day-to-day company-wide practice.</b></p><p>This exercise will do little good sitting as a file on your computer. You must promote customer-centered "emotional journeys" throughout the organization. Include them in employee training. Make one-page laminated cheat sheets with a visual representation as a reminder to all team members.</p><p>To truly delight customers, their emotional journeys must be embedded in the "DNA" of your company. Once you have mastered this once or twice, consider applying it to other functions of the company. At <a rel="nofollow" href="http://answerlab.com/?utm_source=article&amp;utm_medium=pub&amp;utm_campaign=inc">AnswerLab</a>, I have found it extremely useful in crafting our interviewing and new-hire experience, for instance, as well. </p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/336x336-bucket_Customer_Service_13935.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Make sure every interaction you have with your customers inspires a positive emotion.</p><p>Every interaction a customer has with your company says something about your brand. Do you know how you're making them feel with every touch point? Most companies have detailed processes for delivering products but very little definition of the emotional experience they want customers to have. To delight customers, decide how you want them to feel, and tailor your communications and actions to produce the right emotional experience.  </p><p><b>1.     </b><b>When do your customers interact with your company?</b></p><p>Start by outlining every typical touch point the customer has with your company while completing a process. This could be as detailed as the step-by-step process for registering online with your website, or as broad as your management of new clients if you're a services firm. The key is to list all the touch points where you can influence the customers' experience.  An Excel spreadsheet is a useful tool for this exercise.</p><p><b>2.     </b><b>How do you want your customers to feel?</b></p><p>At each point of interaction with your company, identify the primary impressions and emotions you want the customer to have. How do you want them to feel at each stage? You might want to talk with some customers for input if you are unclear how they want to feel.  Here are some useful examples from online to offline:</p><p>Example 1: Online Registration Step 1</p><p>What's the target customer emotion? "I feel confident I can complete this form with little hassle. What a relief!"</p><p>Example 2: Services Firm Project Kickoff Meeting with Client</p><p>What's the target customer emotion? "I'm relieved that all the details are covered, and I don't have to drive this project. Now I have time for other things.</p><p><b>3.     </b><b>Pinpoint your firm's actions and communications to drive those emotions.</b></p><p>Identify what specific actions your company can make at each touch point to drive the emotions and impressions you have defined.  If you have a deep understanding of your customers, then you can complete this process quickly with your team. If you are unsure how to address their emotional needs, spend more time talking with customers. Here's what I mean, continuing with the above examples:</p><p>Example 1: Online Registration Step 1</p><p>How to achieve this target emotion: "I feel confident I can complete this with little hassle. What a relief!"</p><ul><li>Make sure all registration fields are 'above the fold,' the form appears brief, and scrolling is not required.</li><li>Clearly indicate which fields are required and which are optional.</li><li>Offer more information for any fields that are not self-explanatory.</li><li>Provide friendly error messages that help rather than hinder customers</li></ul><p>Example 2: Services Firm Project Kickoff Meeting with Client</p><p>How to achieve this target emotion: "I'm relieved that all the details are covered, and I don't have to drive this project. Now I have time for other things."</p><ul><li>Prepare a detailed kickoff agenda with key questions and updates to set expectations correctly</li><li>Show deep understanding of the project scope and prior discussions</li><li>Drive the meeting so the client can be on "auto-pilot"</li><li>Show expertise on the product and industry</li><li>Arrange time and date for all subsequent meetings; own scheduling</li><li>Recap key decisions and all next step action items</li></ul><p><b>4.     </b><b>Make customer emotions part of day-to-day company-wide practice.</b></p><p>This exercise will do little good sitting as a file on your computer. You must promote customer-centered "emotional journeys" throughout the organization. Include them in employee training. Make one-page laminated cheat sheets with a visual representation as a reminder to all team members.</p><p>To truly delight customers, their emotional journeys must be embedded in the "DNA" of your company. Once you have mastered this once or twice, consider applying it to other functions of the company. At <a rel="nofollow" href="http://answerlab.com/?utm_source=article&amp;utm_medium=pub&amp;utm_campaign=inc">AnswerLab</a>, I have found it extremely useful in crafting our interviewing and new-hire experience, for instance, as well. </p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 17:15:00 -0500</pubDate>
			<dc:creator>Amy Buckner Chowdhry</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/575x270-panoramic_Customer_Service_13935.jpg" type="image/jpeg" length="27055" />
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				<media:title type="plain">Delight Your Customers: Map How They Feel</media:title>
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			<title>7 Office Space Traps to Avoid</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/1fbIu7K4G_g/office-space-traps-to-avoid.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/ceiling-leak_bkt_13930.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>You just closed a small financing round, hired some new team members and are looking to move into a new office space. Here are seven things to avoid when signing up for your new digs.</p><p><b>You just closed</b> a small financing round, hired some new team members, and are looking to move into a new office space.  After finding the perfect spot and locking down a two-page letter of intent, the landlord sends over the lease agreement&mdash;and it's 70 pages long. How do you get through this massive document without delaying the move-in process? What should you focus on? Here are seven things to look out for when signing up for your new digs.</p>Fuzzy Math.<p>The first few sections of almost every lease agreement contain the basic lease terms&mdash;rent, start and end dates, square-footage, etc. It is definitely not OK to be sloppy or loose here. These numbers drive your move-in scheduling, monthly payment obligations, and operating expense responsibility. It is completely standard and within your rights to expect these basic terms to be explicitly and accurately nailed down in the lease agreement.</p>Long Term Commitments.<p>Long-term leases simply do not make sense for start-ups. Whether you're knocking it out of the park or navigating troubled waters, it is unlikely that any space will be suitable for your business for the next seven years. Even for the next three or four years. I often advise clients to keep the lease term to just a few years or less. You'd like to preserve as much flexibility as possible&mdash;and don't want to be overburdened with a ton of extra space, or stuck in a cramped office environment. You might pay a little more in rent for the privilege of a shorter lease, but any experienced entrepreneur will tell you that the added flexibility is worth every penny.</p>No Sublease Outs.                 <p>Even if you can negotiate a shorter lease term, it is really important to make sure that you have the ability to sublease your space in the event of a sudden downturn. You should expect that your landlord's consent will be required in order to sublease your space. However, the lease should specify that the landlord's consent should not be "unreasonably withheld, conditioned or delayed." Further, the procedures around subleasing should be clear and easy to follow.</p>Onerous Repair Obligations.<p>Obviously, you are on the hook if you trash your space. The repair obligations to look out for relate to things that are out of your control. Unless the damage is caused by your actions (or the actions of people whom you invite into the office), you should not be on the hook for structural repairs to the building (building walls, plumbing, HVAC systems) or repairs to the shared common areas. You also want to avoid any obligations to comply with local building codes and federal laws&mdash;unless the landlord is making rock-solid representations about pre-existing compliance, or your duties are triggered only in connection with your actions (such as your renovation of the space).</p>Relocation Clauses.<p>This is something that landlords will often sneak into the lease. It is a provision that allows the landlord to move you to a "comparable space" within the building. Strike this immediately if you can. The landlord will typically agree to cover the expenses associated with the relocation&mdash;but that's not the point. Moving is a huge distraction for your start-up. Signing a lease is supposed to provide some level of comfort that you have established a "home" for the short term. You do not need the extra headaches from an unexpected move.</p>Ignoring Difficult Building Rules.<p>Most lease agreements will come with an attached set of building rules and regulations. The vast majority of these will be standard, with variances driven by the location, size and type of office building. The landlord will also have a unilateral right to change these rules. So why do I even raise this point? Well, it is primarily a matter of managing the landlord's expectations, particularly if your start-up has some unusual aspects to its operation that might inadvertently trip the building rules. For instance, I worked with a start-up that would host on-site training in its offices. The building had rules around third party visitors that would affect the company's ability to hold these sessions. By discussing our concerns with the landlord up front, we were not able to revise the rules, but we did get assurances that the landlord would be very supportive of our client's training activities.</p>Thinking You Don't Need a Lawyer.<p>Of course, because I am an attorney, you probably knew this one was coming. In all fairness, I actually do believe that lease agreements are frequently "over-lawyered" by counsel. That being said, even the most "standard" leases contain clauses that are confusing and potentially harmful to your company. It is also probably true that my list of lease traps does not address all of your start-up's unique concerns. You need a lawyer who not only has experience in reviewing and negotiating leases, but who also understands your start-up, your risk tolerance and how your specific business issues come into play.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/ceiling-leak_bkt_13930.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>You just closed a small financing round, hired some new team members and are looking to move into a new office space. Here are seven things to avoid when signing up for your new digs.</p><p><b>You just closed</b> a small financing round, hired some new team members, and are looking to move into a new office space.  After finding the perfect spot and locking down a two-page letter of intent, the landlord sends over the lease agreement&mdash;and it's 70 pages long. How do you get through this massive document without delaying the move-in process? What should you focus on? Here are seven things to look out for when signing up for your new digs.</p>Fuzzy Math.<p>The first few sections of almost every lease agreement contain the basic lease terms&mdash;rent, start and end dates, square-footage, etc. It is definitely not OK to be sloppy or loose here. These numbers drive your move-in scheduling, monthly payment obligations, and operating expense responsibility. It is completely standard and within your rights to expect these basic terms to be explicitly and accurately nailed down in the lease agreement.</p>Long Term Commitments.<p>Long-term leases simply do not make sense for start-ups. Whether you're knocking it out of the park or navigating troubled waters, it is unlikely that any space will be suitable for your business for the next seven years. Even for the next three or four years. I often advise clients to keep the lease term to just a few years or less. You'd like to preserve as much flexibility as possible&mdash;and don't want to be overburdened with a ton of extra space, or stuck in a cramped office environment. You might pay a little more in rent for the privilege of a shorter lease, but any experienced entrepreneur will tell you that the added flexibility is worth every penny.</p>No Sublease Outs.                 <p>Even if you can negotiate a shorter lease term, it is really important to make sure that you have the ability to sublease your space in the event of a sudden downturn. You should expect that your landlord's consent will be required in order to sublease your space. However, the lease should specify that the landlord's consent should not be "unreasonably withheld, conditioned or delayed." Further, the procedures around subleasing should be clear and easy to follow.</p>Onerous Repair Obligations.<p>Obviously, you are on the hook if you trash your space. The repair obligations to look out for relate to things that are out of your control. Unless the damage is caused by your actions (or the actions of people whom you invite into the office), you should not be on the hook for structural repairs to the building (building walls, plumbing, HVAC systems) or repairs to the shared common areas. You also want to avoid any obligations to comply with local building codes and federal laws&mdash;unless the landlord is making rock-solid representations about pre-existing compliance, or your duties are triggered only in connection with your actions (such as your renovation of the space).</p>Relocation Clauses.<p>This is something that landlords will often sneak into the lease. It is a provision that allows the landlord to move you to a "comparable space" within the building. Strike this immediately if you can. The landlord will typically agree to cover the expenses associated with the relocation&mdash;but that's not the point. Moving is a huge distraction for your start-up. Signing a lease is supposed to provide some level of comfort that you have established a "home" for the short term. You do not need the extra headaches from an unexpected move.</p>Ignoring Difficult Building Rules.<p>Most lease agreements will come with an attached set of building rules and regulations. The vast majority of these will be standard, with variances driven by the location, size and type of office building. The landlord will also have a unilateral right to change these rules. So why do I even raise this point? Well, it is primarily a matter of managing the landlord's expectations, particularly if your start-up has some unusual aspects to its operation that might inadvertently trip the building rules. For instance, I worked with a start-up that would host on-site training in its offices. The building had rules around third party visitors that would affect the company's ability to hold these sessions. By discussing our concerns with the landlord up front, we were not able to revise the rules, but we did get assurances that the landlord would be very supportive of our client's training activities.</p>Thinking You Don't Need a Lawyer.<p>Of course, because I am an attorney, you probably knew this one was coming. In all fairness, I actually do believe that lease agreements are frequently "over-lawyered" by counsel. That being said, even the most "standard" leases contain clauses that are confusing and potentially harmful to your company. It is also probably true that my list of lease traps does not address all of your start-up's unique concerns. You need a lawyer who not only has experience in reviewing and negotiating leases, but who also understands your start-up, your risk tolerance and how your specific business issues come into play.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 16:05:00 -0500</pubDate>
			<dc:creator>Andre Gharakhanian</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/ceiling-leak_pan_13930.jpg" type="image/jpeg" length="42685" />
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				<media:title type="plain">7 Office Space Traps to Avoid</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/andre-gharakhanian/office-space-traps-to-avoid.html</feedburner:origLink></item>
		<item>
			<title>How to Give Great Presentations</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/HcjkQ2tFxHA/how-to-give-great-presentations.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/naveen-jain-bkt_13925.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Follow these five tips to deliver persuasive presentations. Plus, one trick from Naveen Jain, co-founder of Intelius, a data company.</p><p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/naveen-jain-bkt_13925.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Follow these five tips to deliver persuasive presentations. Plus, one trick from Naveen Jain, co-founder of Intelius, a data company.</p><p><object type="application/x-shockwave-flash" id="embedded_player_454a0f3ae8021" name="embedded_player_454a0f3ae8021" width="512" height="313" data="http://service.twistage.com/plugins/player.swf"><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 15:00:00 -0500</pubDate>
			<dc:creator>Scott Gerber</dc:creator>
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				<media:title type="plain">How to Give Great Presentations</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/scott-gerber/how-to-give-great-presentations.html</feedburner:origLink></item>
		<item>
			<title>Entrepreneurs: You Can Relax Now</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/m6hvedLdNL0/what-entrepreneurs-are-so-happy-about.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_happiness-bkt_13947.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>A new survey shows that business owners, as usual, are more optimistic than everyone else. Here's why that's no longer a sign that they're crazy.</p><p>Small businesses owners &ndash; as a group &ndash; may be the most irrationally exuberant people in the nation right now. According to a new survey, 22 percent expect to increase hiring in the next year vs. 8 percent who expect it to decline. This expectation is so at odds with actual experience it suggests an outlook akin to a Cubs fan on opening day who has just learned the Cardinals have gone out of business.</p><p>This shouldn&rsquo;t be all that surprising given that anyone who starts his or her own company has to have access to more hope than your average worker bee. Also, while January means the winter blues for many, for SBOs it&rsquo;s the start of a shiny new year. <a href="http://www.gallup.com/poll/152516/Small-Business-Hiring-Intentions-Best-January-2008.aspx">According to the Wells Fargo/Gallup Small Business Index</a> (try saying that three times fast), January is always a good month for hiring expectations. Only once in the last eight years have the pessimists among owners outnumbered the optimists at the start of the year (2009 &ndash; no surprise). The 14 percent margin of difference this year is the most since the 2007 when it was 19 percent.</p><p>What makes this number so astonishing are the facts on the ground. Since 2008 the number of small companies reporting a decrease in jobs in the previous year has always been significantly larger than the number saying they added people. The Wells Fargo survey shows that 22 percent reported a decrease in jobs last year, while 13 percent reported an increase. The 9 percent difference is the smallest since mid-2008.</p><p>While these self-reported numbers are grim, the overall picture is actually nowhere near as bad.</p><p>Consider: Between 2008 and 2009 the number of small businesses (fewer than 500 employees) dropped from 5.9 million to 5.7 million, <a href="http://www.sba.gov/sites/default/files/us11.pdf">according to the SBA and the Census Bureau</a>. Despite this they were able increase the number of jobs they provide in the economy. In 2007 they were responsible <a href="http://www.bls.gov/bdm/table_f.txt">37.8 percent of all jobs</a> and in 2010 that number had actually managed to grow to 38.4 percent. And small business continues to lead the way in job creation. From the beginning of 2010 to the second quarter of 2011 (the latest firm size data available), businesses with 20-499 employees were responsible for 63 percent off all new jobs in the U.S.</p><p>Also, small business exports continue to edge up. According to Bloomberg:</p><p>Companies with fewer than 500 employees accounted for 35 percent of exports in the third quarter of 2011, according to preliminary figures from the Census Bureau, up from about <a href="http://www.census.gov/foreign-trade/Press-Release/edb/2009/index.html#full">32.8 percent</a> in 2009.</p><p>While that's not a lot &mdash; and a damn sight short of President Obama's goal of doubling U.S. sales abroad by 2015 &mdash; it's something to be rationally exuberant about.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_happiness-bkt_13947.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>A new survey shows that business owners, as usual, are more optimistic than everyone else. Here's why that's no longer a sign that they're crazy.</p><p>Small businesses owners &ndash; as a group &ndash; may be the most irrationally exuberant people in the nation right now. According to a new survey, 22 percent expect to increase hiring in the next year vs. 8 percent who expect it to decline. This expectation is so at odds with actual experience it suggests an outlook akin to a Cubs fan on opening day who has just learned the Cardinals have gone out of business.</p><p>This shouldn&rsquo;t be all that surprising given that anyone who starts his or her own company has to have access to more hope than your average worker bee. Also, while January means the winter blues for many, for SBOs it&rsquo;s the start of a shiny new year. <a href="http://www.gallup.com/poll/152516/Small-Business-Hiring-Intentions-Best-January-2008.aspx">According to the Wells Fargo/Gallup Small Business Index</a> (try saying that three times fast), January is always a good month for hiring expectations. Only once in the last eight years have the pessimists among owners outnumbered the optimists at the start of the year (2009 &ndash; no surprise). The 14 percent margin of difference this year is the most since the 2007 when it was 19 percent.</p><p>What makes this number so astonishing are the facts on the ground. Since 2008 the number of small companies reporting a decrease in jobs in the previous year has always been significantly larger than the number saying they added people. The Wells Fargo survey shows that 22 percent reported a decrease in jobs last year, while 13 percent reported an increase. The 9 percent difference is the smallest since mid-2008.</p><p>While these self-reported numbers are grim, the overall picture is actually nowhere near as bad.</p><p>Consider: Between 2008 and 2009 the number of small businesses (fewer than 500 employees) dropped from 5.9 million to 5.7 million, <a href="http://www.sba.gov/sites/default/files/us11.pdf">according to the SBA and the Census Bureau</a>. Despite this they were able increase the number of jobs they provide in the economy. In 2007 they were responsible <a href="http://www.bls.gov/bdm/table_f.txt">37.8 percent of all jobs</a> and in 2010 that number had actually managed to grow to 38.4 percent. And small business continues to lead the way in job creation. From the beginning of 2010 to the second quarter of 2011 (the latest firm size data available), businesses with 20-499 employees were responsible for 63 percent off all new jobs in the U.S.</p><p>Also, small business exports continue to edge up. According to Bloomberg:</p><p>Companies with fewer than 500 employees accounted for 35 percent of exports in the third quarter of 2011, according to preliminary figures from the Census Bureau, up from about <a href="http://www.census.gov/foreign-trade/Press-Release/edb/2009/index.html#full">32.8 percent</a> in 2009.</p><p>While that's not a lot &mdash; and a damn sight short of President Obama's goal of doubling U.S. sales abroad by 2015 &mdash; it's something to be rationally exuberant about.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 14:55:28 -0500</pubDate>
			<dc:creator>Constantine von Hoffman</dc:creator>
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			<guid isPermaLink="false">http://www.inc.com/constantine-von-hoffman/what-entrepreneurs-are-so-happy-about.html</guid>
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				<media:title type="plain">Entrepreneurs: You Can Relax Now</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/constantine-von-hoffman/what-entrepreneurs-are-so-happy-about.html</feedburner:origLink></item>
		<item>
			<title>Redbox's Smart Move: What You Can Learn</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/b45Vr6Xzc5c/redboxs-smart-move-what-you-can-learn.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/redbox-dvd-bucket_12283.jpg' align='left' style='margin-right: 10px;' alt='Redbox is an excellent example of how to create growth from a business that will ultimately die.'><br><p>The company's movie streaming deal with Verizon is a classic adjacency move that leverages the brand while limiting the risk.</p><p><b>Redbox and Verizon</b> <a href="http://www.reuters.com/article/2012/02/08/us-verizon-redbox-idUSTRE81510M20120208" target="_blank">announced this week</a> they are teaming up to offer an online movie streaming service that competes directly with Netflix. We think it&rsquo;s a great strategic investment that will likely reap positive returns. In studying their moves, there&rsquo;s a lot any business owner can learn from the decision.</p><p>Coinstar, Redbox&rsquo;s parent company, is led by a very savvy management team. In our recent article, <a href="http://www.inc.com/karl-and-bill/lessons-from-a-dying-business.html">Lessons from a Dying Business</a>, we noted that Coinstar is doing the right thing by maximizing the value of Redbox, their DVD kiosk business, while also investing in new innovative kiosk technologies.</p><p>The co-investment with Verizon is an adjacency move that, importantly, opens a new front for Redbox. The best way to think about new adjacency opportunities is along various dimensions, such as new customer segments, channels, geographies, product segments, or strategic moves along the value chain. In this case, Coinstar is building a new channel with the same product by taking their kiosk-based movie business and expanding it online. Previously, Coinstar&rsquo;s strategic investments focused on expanding its product offerings within the existing kiosk distribution channel.</p><p>Normally, this would be a risky move, but we think there are a number of reasons why Coinstar has hedged its downside and set itself up for success:</p><li>They are partnering with Verizon, which controls the "pipe" into 14 percent of U.S. households through their FIOS cable/Internet service.</li><li>They are taking a minority stake in the business&ndash;Verizon controls 65 percent of the new venture.</li><li>Their initial investment is limited to $14 million, which is a relative drop in the bucket for a $2 billion company.</li><li>They are able to leverage their successful Redbox brand, which is positively associated with movie content.</li><li>Netflix, the leader in online movie streaming, has stumbled recently in its attempt to split its streaming and DVD businesses and is not likely to make any aggressive countermoves at this point.</li><li>As the online movie streaming market evolves, there is an opportunity for a company to build a sustainable competitive advantage by providing a more compelling customer offer. Although Netflix is a formidable "first mover," they can be overtaken. Coinstar is one of a few companies in a strong position to do this.</li><p>In sum, Coinstar is positioning itself to "see the next card" before placing a bigger bet in this market. This is the essence of making solid adjacency moves. They will position themselves to invest more once they enter the market, test the waters, and learn how to build a competitive advantage over Netflix.</p><p>Send us your comments and questions about Coinstar&rsquo;s strategic decisions and the strategic adjacency investments you are considering at your own company.  We can be reached at karlandbill@avondalestrategicpartners.com.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/redbox-dvd-bucket_12283.jpg' align='left' style='margin-right: 10px;' alt='Redbox is an excellent example of how to create growth from a business that will ultimately die.'><br><p>The company's movie streaming deal with Verizon is a classic adjacency move that leverages the brand while limiting the risk.</p><p><b>Redbox and Verizon</b> <a href="http://www.reuters.com/article/2012/02/08/us-verizon-redbox-idUSTRE81510M20120208" target="_blank">announced this week</a> they are teaming up to offer an online movie streaming service that competes directly with Netflix. We think it&rsquo;s a great strategic investment that will likely reap positive returns. In studying their moves, there&rsquo;s a lot any business owner can learn from the decision.</p><p>Coinstar, Redbox&rsquo;s parent company, is led by a very savvy management team. In our recent article, <a href="http://www.inc.com/karl-and-bill/lessons-from-a-dying-business.html">Lessons from a Dying Business</a>, we noted that Coinstar is doing the right thing by maximizing the value of Redbox, their DVD kiosk business, while also investing in new innovative kiosk technologies.</p><p>The co-investment with Verizon is an adjacency move that, importantly, opens a new front for Redbox. The best way to think about new adjacency opportunities is along various dimensions, such as new customer segments, channels, geographies, product segments, or strategic moves along the value chain. In this case, Coinstar is building a new channel with the same product by taking their kiosk-based movie business and expanding it online. Previously, Coinstar&rsquo;s strategic investments focused on expanding its product offerings within the existing kiosk distribution channel.</p><p>Normally, this would be a risky move, but we think there are a number of reasons why Coinstar has hedged its downside and set itself up for success:</p><li>They are partnering with Verizon, which controls the "pipe" into 14 percent of U.S. households through their FIOS cable/Internet service.</li><li>They are taking a minority stake in the business&ndash;Verizon controls 65 percent of the new venture.</li><li>Their initial investment is limited to $14 million, which is a relative drop in the bucket for a $2 billion company.</li><li>They are able to leverage their successful Redbox brand, which is positively associated with movie content.</li><li>Netflix, the leader in online movie streaming, has stumbled recently in its attempt to split its streaming and DVD businesses and is not likely to make any aggressive countermoves at this point.</li><li>As the online movie streaming market evolves, there is an opportunity for a company to build a sustainable competitive advantage by providing a more compelling customer offer. Although Netflix is a formidable "first mover," they can be overtaken. Coinstar is one of a few companies in a strong position to do this.</li><p>In sum, Coinstar is positioning itself to "see the next card" before placing a bigger bet in this market. This is the essence of making solid adjacency moves. They will position themselves to invest more once they enter the market, test the waters, and learn how to build a competitive advantage over Netflix.</p><p>Send us your comments and questions about Coinstar&rsquo;s strategic decisions and the strategic adjacency investments you are considering at your own company.  We can be reached at karlandbill@avondalestrategicpartners.com.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 11:45:41 -0500</pubDate>
			<dc:creator>Karl Stark and Bill Stewart</dc:creator>
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				<media:title type="plain">Redbox's Smart Move: What You Can Learn</media:title>
			</media:content>
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			<title>Why the World Drinks Espresso</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/vEiJM0Beazc/how-coffee-became-gourmet-espresso.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/espresso-bucket_13927.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How did coffee go from a cheap commodity to a gourmet drink? You have this man (and several other innovators) to thank.</p><p>If the martini was the fuel of the Mad Men set, then espresso drinks are the life blood of the start-up entrepreneur. But that concentrated essence of coffee bean has more to offer: How it came about is an instructive story every founder should know.</p><p>Many entrepreneurs confuse invention and innovation. The former has to do with discovering or devising something new. Innovation, on the other hand, is bigger than invention and more complicated. It's an entire process&mdash;getting the brilliant idea is only the start.</p><p>You see this lesson nowhere more clearly than with the invention of espresso. The commonly identified <a rel="nofollow" href="http://herts.academia.edu/JonathanMorris/Papers/206445/A_History_of_Espresso_in_Italy_and_in_the_World_2008_">father of espresso</a> was Milanese inventor Luigi Bezzera, according to Jonathan Morris, a research professor of modern European history at the University of Hertfordshire. But the road between invention and Starbucks was long and Bezzera's experience offers five important tips for entrepreneurs.</p><p><b>1. Finding the real benefit of a product</b></p><p>Bezzera lived before widespread use of electricity, so keeping a pot of coffee at a regulated temperature was difficult. That meant single-shot brewing, which bothered business owners who didn't want to lose the time. Bezzera invented espresso as a way to force hot water through coffee more quickly than other methods and to reduce the time between a consumer placing an order and getting a cup to under a minute.</p><p>Can you imagine considering an espresso as a quick way to get a coffee fix today? Over time and further refinements, it became clear that the espresso method could deliver a better cup of coffee by maximizing the flavor and minimizing less pleasant tastes that accompany a long brewing time. Never assume that the primary benefit you identify is the one that will actually resonate with customers. It might be something you think is less important, but that people value more highly.</p><p><b>2. Innovation is an ongoing process</b></p><p>Bezzera was only one step closer to modern espresso. According to author Ian Bersten, Angelo Moriondo was the <a rel="nofollow" href="http://en.wikipedia.org/wiki/Espresso#History">first to patent steam-driven brewing</a>, and that was in 1884. Bezzera was a refiner&mdash;as important in innovation as original invention&mdash;who added features and moved Moriondo's concept from batch to single-shot brewing.</p><p>Innovation didn't stop with Bezzera, either. Desiderio Pavoni added an <a rel="nofollow" href="http://www.wholelattelove.com/articles/founding_fathers_of_espresso.cfm">important pressure relief valve</a> still found on machines today, while Giovanni Achille Gaggia replaced steam, which burnt the coffee, with a manual pump to create the pressure that made possible the frothy crema atop the beverage we know today as espresso. The lesson: You are unlikely to get it right the first time, so don't rest on your laurels and let someone else upstage you.</p><p><b>3. Good ideas need a lot of support</b></p><p><a rel="nofollow" href="http://www.wholelattelove.com/articles/founding_fathers_of_espresso.cfm">Bezzera didn&rsquo;t have the cash</a> to successfully market his product. He sold his patent to Pavoni, who then produced a successful line of machines. The idea itself was clearly not enough; success meant selling and running a business. Pavoni had the resources to get to market on a larger scale. Your work isn't over, even when you think you've perfected your invention.</p><p><b>4. Don't let being first blind you</b></p><p>Bezzera did have some canniness in business. When he sold the patent to Pavoni, he struck a licensing deal under which he could <a rel="nofollow" href="http://herts.academia.edu/JonathanMorris/Papers/206445/A_History_of_Espresso_in_Italy_and_in_the_World_2008_">continue to manufacture and sell</a> his own line of espresso machines. He traded an exclusive on the market for the ability to continue his participation. Rather than focus on protecting his status as inventor, he figured out a business model that would work for him and his invention.</p><p><b>5. Pull off your idea, and you might change the entire world</b></p><p>Who would have thought that an initial attempt to speed workers through their coffee breaks could influence culture, style, and fashion? You never know in advance how large an impact you can have on the world. Work steadily, but keep an eye on the market and be ready to take advantage of opportunity if and when it comes.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/espresso-bucket_13927.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How did coffee go from a cheap commodity to a gourmet drink? You have this man (and several other innovators) to thank.</p><p>If the martini was the fuel of the Mad Men set, then espresso drinks are the life blood of the start-up entrepreneur. But that concentrated essence of coffee bean has more to offer: How it came about is an instructive story every founder should know.</p><p>Many entrepreneurs confuse invention and innovation. The former has to do with discovering or devising something new. Innovation, on the other hand, is bigger than invention and more complicated. It's an entire process&mdash;getting the brilliant idea is only the start.</p><p>You see this lesson nowhere more clearly than with the invention of espresso. The commonly identified <a rel="nofollow" href="http://herts.academia.edu/JonathanMorris/Papers/206445/A_History_of_Espresso_in_Italy_and_in_the_World_2008_">father of espresso</a> was Milanese inventor Luigi Bezzera, according to Jonathan Morris, a research professor of modern European history at the University of Hertfordshire. But the road between invention and Starbucks was long and Bezzera's experience offers five important tips for entrepreneurs.</p><p><b>1. Finding the real benefit of a product</b></p><p>Bezzera lived before widespread use of electricity, so keeping a pot of coffee at a regulated temperature was difficult. That meant single-shot brewing, which bothered business owners who didn't want to lose the time. Bezzera invented espresso as a way to force hot water through coffee more quickly than other methods and to reduce the time between a consumer placing an order and getting a cup to under a minute.</p><p>Can you imagine considering an espresso as a quick way to get a coffee fix today? Over time and further refinements, it became clear that the espresso method could deliver a better cup of coffee by maximizing the flavor and minimizing less pleasant tastes that accompany a long brewing time. Never assume that the primary benefit you identify is the one that will actually resonate with customers. It might be something you think is less important, but that people value more highly.</p><p><b>2. Innovation is an ongoing process</b></p><p>Bezzera was only one step closer to modern espresso. According to author Ian Bersten, Angelo Moriondo was the <a rel="nofollow" href="http://en.wikipedia.org/wiki/Espresso#History">first to patent steam-driven brewing</a>, and that was in 1884. Bezzera was a refiner&mdash;as important in innovation as original invention&mdash;who added features and moved Moriondo's concept from batch to single-shot brewing.</p><p>Innovation didn't stop with Bezzera, either. Desiderio Pavoni added an <a rel="nofollow" href="http://www.wholelattelove.com/articles/founding_fathers_of_espresso.cfm">important pressure relief valve</a> still found on machines today, while Giovanni Achille Gaggia replaced steam, which burnt the coffee, with a manual pump to create the pressure that made possible the frothy crema atop the beverage we know today as espresso. The lesson: You are unlikely to get it right the first time, so don't rest on your laurels and let someone else upstage you.</p><p><b>3. Good ideas need a lot of support</b></p><p><a rel="nofollow" href="http://www.wholelattelove.com/articles/founding_fathers_of_espresso.cfm">Bezzera didn&rsquo;t have the cash</a> to successfully market his product. He sold his patent to Pavoni, who then produced a successful line of machines. The idea itself was clearly not enough; success meant selling and running a business. Pavoni had the resources to get to market on a larger scale. Your work isn't over, even when you think you've perfected your invention.</p><p><b>4. Don't let being first blind you</b></p><p>Bezzera did have some canniness in business. When he sold the patent to Pavoni, he struck a licensing deal under which he could <a rel="nofollow" href="http://herts.academia.edu/JonathanMorris/Papers/206445/A_History_of_Espresso_in_Italy_and_in_the_World_2008_">continue to manufacture and sell</a> his own line of espresso machines. He traded an exclusive on the market for the ability to continue his participation. Rather than focus on protecting his status as inventor, he figured out a business model that would work for him and his invention.</p><p><b>5. Pull off your idea, and you might change the entire world</b></p><p>Who would have thought that an initial attempt to speed workers through their coffee breaks could influence culture, style, and fashion? You never know in advance how large an impact you can have on the world. Work steadily, but keep an eye on the market and be ready to take advantage of opportunity if and when it comes.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 11:32:15 -0500</pubDate>
			<dc:creator>Erik Sherman</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/espresso-pano_13927.jpg" type="image/jpeg" length="34251" />
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			<media:content url="http://www.inc.com/uploaded_files/image/espresso-pano_13927.jpg" type="image/jpeg">
				<media:title type="plain">Why the World Drinks Espresso</media:title>
			</media:content>
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			<title>How Pinterest Really Makes Money</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/ZRWy2WiwGrU/affiliate-links-pinterests-not-so-controversial-business-model.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/pinterest-bucket_13922.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How else did you expect the site to make money? My company uses the same business model--and there's nothing unethical about it.</p><p>How else did you think Pinterest was supposed to keep the lights on?</p><p>That was my first question after I read <a rel="nofollow" href="http://blog.appboy.com/2012/02/both-path-and-pinterest-just-made-big-boo-boos-but-one-is-much-worse-than-the-other/">an article</a> forwarded to me recently about how the <a rel="nofollow" href="http://pinterest.com/" target="_blank">visual bookmarking tool</a> <a rel="nofollow" href="http://blog.skimlinks.com/2012/02/08/it%E2%80%99s-not-a-secret/" target="_blank">makes money off of users' pins</a>. For anyone who doesn't know what Pinterest is, it's a site where people "pin" images and videos from around the Web to a virtual pinboard that other users can follow. It's a lovely and compelling site and growing fast. According to Hitwise, the site had 11 million visits in one week in December&mdash;a 40-fold growth spurt over the last six months. The other big news is that <a rel="nofollow" href="http://venturebeat.com/2012/01/30/pintrest-traffic-retailers-infographic/" target="_blank">Pinterest is driving major traffic to retailers</a>, which has suddenly made everyone sit up and take notice.</p><p>What they noticed this week, however, about Pinterest's business model has caused something of an uproar.</p><p>Here's what tech blogger <a rel="nofollow" href="https://twitter.com/#!/hilzfuld" target="_blank">Hillel Fuld</a> wrote about it:</p><p>(W)hen my followers click on my photo and end up buying the product on the site to which it was linked, the site/business gets paid and you know who else gets paid? Pinterest! On my back. Without my permission. And with no transparency of telling me that they are monetizing my content.</p><p>Now, it may be due to the super simple Pinterest sign-up process (you connect through Facebook or Twitter) that makes users overlook this, but you do need to agree to the site's <a rel="nofollow" href="http://pinterest.com/about/terms/" target="_blank">Terms of Use</a>, which state:</p><p>By making available any Member Content through the Site, Application or Services, you hereby grant to Cold Brew Labs a worldwide, irrevocable, perpetual, non-exclusive, transferable, royalty-free license, with the right to sublicense, to use, copy, adapt, modify, distribute, license, sell, transfer, publicly display, publicly perform, transmit, stream, broadcast, access, view, and otherwise exploit such Member Content only on, through or by means of the Site, Application or Services.</p><p>Now, those are pretty straightforward and common terms for the Web. But even if you just checked the box without reading it, I have to wonder, why isn't this assumed?</p><p>My company <a rel="nofollow" href="http://buyosphere.com/" target="_blank">Buyosphere</a> monetizes content on our site similarly. We use <a rel="nofollow" href="http://www.skimlinks.com" target="_blank">Skimlinks</a>&mdash;the same third-party affiliate network that Pinterest uses. I know from experience that even with the traffic Pinterest gets, this model doesn't add up to a major amount of money. A quick skim of pins reveals that very few of them are affiliate product links. Many of the items that Pinterest users share and re-share are images taken from <a rel="nofollow" href="http://www.tumblr.com" target="_blank">Tumblr</a> and blogs&mdash;links that do not have affiliate programs associated with them. I don't have solid numbers to back this up, but I'm assuming that a small percentage of Pinterest's content is actually monetizable through Skimlinks.</p><p>Fuld's article makes it sound like there is someone going through all of the images and changing the URLs to affiliate links, but that's not how Skimlinks integration works. Skimlinks simply detects URLs with affiliate programs associated to them and embeds the affiliate code. That's it (unless there is something deeper going on, which I don't see <a rel="nofollow" href="http://pinterest.com/missrogue/" target="_blank">in my stream</a>).</p><p>I know that Pinterest is a success because of its community, but in order to continue serving that community, it needs to make money and this just seems like the most obvious, seamless way to do so. Users wouldn't want ads messing up the interface nor would they appreciate brands taking over and ruining the community feel. And, ahem, venture capital is not a business model.</p><p>I see the Skimlinks integration as the least invasive of options to monetize the site that millions are starting to rely on. So, then, I'll ask again, "How did you expect Pinterest to make money?" I, personally, assumed they would monetize product links. What was your impression?</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/pinterest-bucket_13922.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How else did you expect the site to make money? My company uses the same business model--and there's nothing unethical about it.</p><p>How else did you think Pinterest was supposed to keep the lights on?</p><p>That was my first question after I read <a rel="nofollow" href="http://blog.appboy.com/2012/02/both-path-and-pinterest-just-made-big-boo-boos-but-one-is-much-worse-than-the-other/">an article</a> forwarded to me recently about how the <a rel="nofollow" href="http://pinterest.com/" target="_blank">visual bookmarking tool</a> <a rel="nofollow" href="http://blog.skimlinks.com/2012/02/08/it%E2%80%99s-not-a-secret/" target="_blank">makes money off of users' pins</a>. For anyone who doesn't know what Pinterest is, it's a site where people "pin" images and videos from around the Web to a virtual pinboard that other users can follow. It's a lovely and compelling site and growing fast. According to Hitwise, the site had 11 million visits in one week in December&mdash;a 40-fold growth spurt over the last six months. The other big news is that <a rel="nofollow" href="http://venturebeat.com/2012/01/30/pintrest-traffic-retailers-infographic/" target="_blank">Pinterest is driving major traffic to retailers</a>, which has suddenly made everyone sit up and take notice.</p><p>What they noticed this week, however, about Pinterest's business model has caused something of an uproar.</p><p>Here's what tech blogger <a rel="nofollow" href="https://twitter.com/#!/hilzfuld" target="_blank">Hillel Fuld</a> wrote about it:</p><p>(W)hen my followers click on my photo and end up buying the product on the site to which it was linked, the site/business gets paid and you know who else gets paid? Pinterest! On my back. Without my permission. And with no transparency of telling me that they are monetizing my content.</p><p>Now, it may be due to the super simple Pinterest sign-up process (you connect through Facebook or Twitter) that makes users overlook this, but you do need to agree to the site's <a rel="nofollow" href="http://pinterest.com/about/terms/" target="_blank">Terms of Use</a>, which state:</p><p>By making available any Member Content through the Site, Application or Services, you hereby grant to Cold Brew Labs a worldwide, irrevocable, perpetual, non-exclusive, transferable, royalty-free license, with the right to sublicense, to use, copy, adapt, modify, distribute, license, sell, transfer, publicly display, publicly perform, transmit, stream, broadcast, access, view, and otherwise exploit such Member Content only on, through or by means of the Site, Application or Services.</p><p>Now, those are pretty straightforward and common terms for the Web. But even if you just checked the box without reading it, I have to wonder, why isn't this assumed?</p><p>My company <a rel="nofollow" href="http://buyosphere.com/" target="_blank">Buyosphere</a> monetizes content on our site similarly. We use <a rel="nofollow" href="http://www.skimlinks.com" target="_blank">Skimlinks</a>&mdash;the same third-party affiliate network that Pinterest uses. I know from experience that even with the traffic Pinterest gets, this model doesn't add up to a major amount of money. A quick skim of pins reveals that very few of them are affiliate product links. Many of the items that Pinterest users share and re-share are images taken from <a rel="nofollow" href="http://www.tumblr.com" target="_blank">Tumblr</a> and blogs&mdash;links that do not have affiliate programs associated with them. I don't have solid numbers to back this up, but I'm assuming that a small percentage of Pinterest's content is actually monetizable through Skimlinks.</p><p>Fuld's article makes it sound like there is someone going through all of the images and changing the URLs to affiliate links, but that's not how Skimlinks integration works. Skimlinks simply detects URLs with affiliate programs associated to them and embeds the affiliate code. That's it (unless there is something deeper going on, which I don't see <a rel="nofollow" href="http://pinterest.com/missrogue/" target="_blank">in my stream</a>).</p><p>I know that Pinterest is a success because of its community, but in order to continue serving that community, it needs to make money and this just seems like the most obvious, seamless way to do so. Users wouldn't want ads messing up the interface nor would they appreciate brands taking over and ruining the community feel. And, ahem, venture capital is not a business model.</p><p>I see the Skimlinks integration as the least invasive of options to monetize the site that millions are starting to rely on. So, then, I'll ask again, "How did you expect Pinterest to make money?" I, personally, assumed they would monetize product links. What was your impression?</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 10:40:53 -0500</pubDate>
			<dc:creator>Tara Hunt</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/pinterest-pano_13922.jpg" type="image/jpeg" length="66004" />
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				<media:title type="plain">How Pinterest Really Makes Money</media:title>
			</media:content>
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			<title>When Daily Deals Actually Work</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/TRGHiXRT-FY/when-daily-deals-work-for-business-8-scenarios.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_dailydeals-bkt_13953.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>You'll likely take a revenue hit and strain your operations. So make sure you're doing a daily deal for the right reason.</p><p>Dear Jeff,</p><p>Everything I read seems to say daily deals are a bad deal for the business. I&rsquo;m a contrarian by nature, so are there any situations where running a daily deal can make sense?&mdash;Name withheld at request</p><p>Daily deals <a href="http://www.inc.com/jeff-haden/top-6-hidden-costs-of-daily-deals.html">don&rsquo;t work for a lot of businesses</a>. Aside from the revenue hit, the short-term customer influx and strain on operations can push away existing customers.</p><p>But you can still make a daily deal program work, especially in situations like these:</p><p><b>You can fill open capacity with minimal incremental cost.</b> Say you run whale watching tours. If you have open space on the boat filling those seats with daily deal customers doesn&rsquo;t add to your cost. The additional revenue, while incremental, is still revenue. The same principle holds true for a yoga studio, or a theater, or any business where fixed costs are the bulk of your expenses.</p><p>The key is to structure your offer so you have a better likelihood of filling those seats during your traditionally slow days or periods. That might take some finessing when you negotiate with the daily deal provider, but it&rsquo;s worth it.</p><p><b>You can share the cost.</b> Some businesses, in retail especially, get advertising subsidies from manufacturers. (Like jewelry manufacturers who subsidize billboard costs for local jewelers as long as the manufacturer&rsquo;s products are prominently featured.) Some will share the &ldquo;cost&rdquo; of a daily deal, seeing the deal as a form of advertising. Instead of eating a 50 percent price reduction, you might only need to foot 30 to 40 percent of the discount. That could make an otherwise break-even deal at least marginally profitable.</p><p><b>Your customer lifetime value is high.</b> A daily deal can be a customer acquisition cost&mdash;if you actually acquire a long-term customer. Health clubs, music instructors, personal trainers, even therapists (hey, why not?)&hellip; any business based on memberships or a series of engagements can benefit from a daily deal investment in new clients.</p><p>Many of those businesses already offer their own form of a daily deal, like a tanning salon that offers the first three sessions for a drastic discount. For those businesses, a daily deal is a natural extension of their current marketing efforts.</p><p>Just be sure to limit the total number of deals you will sell, either in total or by time period. Otherwise you run the risk of squeezing out current long-term customers.</p><p><b>You can further monetize Web traffic.</b> If your deal is Web-based, you can turn the increase in Web exposure into social media connections you can market to later, outside of the daily deal.</p><p><b>You routinely deal with product obsolescence.</b> New models, new versions, new releases&hellip; all are great, but if you are required to purchase inventory outright, obsolescence is a killer.</p><p>Instead of simply marking down nearly out-of-date product, offer a daily deal and focus on up-selling the influx of customers.</p><p><b>You desperately need quick revenue.</b> If you&rsquo;re in a cash flow crunch, a daily deal can generate significant sums within a short period of time (typically two to three months). Sure, very little of it is profit&hellip; but at least for now you can still pay the bills.</p><p>Make sure you have a longer-term plan in place, though. If you have a major outstanding receivables, fine. If you&rsquo;re certain you will land sizable contracts soon, great.</p><p>Otherwise, running a daily deal with a break-even margin is just a cash-flow crunch delay tactic.</p><p><b>You want to make a splash.</b> Daily deals are in part a form of advertising and can generate positive word of mouth (as long as you&rsquo;re ready to handle the influx of customers.) Plus, if you have very few existing customers, you don&rsquo;t have to worry about a daily deal coupon redeemer cannibalizing a sale that would have been made at full price.</p><p>When you don&rsquo;t have customers there are no sales to cannibalize.</p><p><b>You&rsquo;re already in a &ldquo;haggle&rdquo; business.</b> No one pays full price at, say, a furniture store. The display price is intended as an anchor to influence negotiations in favor of the merchant. If your bottom line price is a huge percentage off your display price, a daily deal is just another, more passive form of negotiating, one where you decide to give in ahead of time.</p><p>Before you run a daily deal, do the math. There are a <a href="http://www.inc.com/jeff-haden/top-6-hidden-costs-of-daily-deals.html">number of hidden costs</a>. For some businesses there are definite advantages, but make sure the costs and potentially negative outcomes are worth it.</p><p><b>Have a question? Email <a href="mailto:questions@blackbirdinc.com">questions@blackbirdinc.com</a> and it may appear in a future column. Please indicate if you would like your name and company name to appear.</b></p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_dailydeals-bkt_13953.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>You'll likely take a revenue hit and strain your operations. So make sure you're doing a daily deal for the right reason.</p><p>Dear Jeff,</p><p>Everything I read seems to say daily deals are a bad deal for the business. I&rsquo;m a contrarian by nature, so are there any situations where running a daily deal can make sense?&mdash;Name withheld at request</p><p>Daily deals <a href="http://www.inc.com/jeff-haden/top-6-hidden-costs-of-daily-deals.html">don&rsquo;t work for a lot of businesses</a>. Aside from the revenue hit, the short-term customer influx and strain on operations can push away existing customers.</p><p>But you can still make a daily deal program work, especially in situations like these:</p><p><b>You can fill open capacity with minimal incremental cost.</b> Say you run whale watching tours. If you have open space on the boat filling those seats with daily deal customers doesn&rsquo;t add to your cost. The additional revenue, while incremental, is still revenue. The same principle holds true for a yoga studio, or a theater, or any business where fixed costs are the bulk of your expenses.</p><p>The key is to structure your offer so you have a better likelihood of filling those seats during your traditionally slow days or periods. That might take some finessing when you negotiate with the daily deal provider, but it&rsquo;s worth it.</p><p><b>You can share the cost.</b> Some businesses, in retail especially, get advertising subsidies from manufacturers. (Like jewelry manufacturers who subsidize billboard costs for local jewelers as long as the manufacturer&rsquo;s products are prominently featured.) Some will share the &ldquo;cost&rdquo; of a daily deal, seeing the deal as a form of advertising. Instead of eating a 50 percent price reduction, you might only need to foot 30 to 40 percent of the discount. That could make an otherwise break-even deal at least marginally profitable.</p><p><b>Your customer lifetime value is high.</b> A daily deal can be a customer acquisition cost&mdash;if you actually acquire a long-term customer. Health clubs, music instructors, personal trainers, even therapists (hey, why not?)&hellip; any business based on memberships or a series of engagements can benefit from a daily deal investment in new clients.</p><p>Many of those businesses already offer their own form of a daily deal, like a tanning salon that offers the first three sessions for a drastic discount. For those businesses, a daily deal is a natural extension of their current marketing efforts.</p><p>Just be sure to limit the total number of deals you will sell, either in total or by time period. Otherwise you run the risk of squeezing out current long-term customers.</p><p><b>You can further monetize Web traffic.</b> If your deal is Web-based, you can turn the increase in Web exposure into social media connections you can market to later, outside of the daily deal.</p><p><b>You routinely deal with product obsolescence.</b> New models, new versions, new releases&hellip; all are great, but if you are required to purchase inventory outright, obsolescence is a killer.</p><p>Instead of simply marking down nearly out-of-date product, offer a daily deal and focus on up-selling the influx of customers.</p><p><b>You desperately need quick revenue.</b> If you&rsquo;re in a cash flow crunch, a daily deal can generate significant sums within a short period of time (typically two to three months). Sure, very little of it is profit&hellip; but at least for now you can still pay the bills.</p><p>Make sure you have a longer-term plan in place, though. If you have a major outstanding receivables, fine. If you&rsquo;re certain you will land sizable contracts soon, great.</p><p>Otherwise, running a daily deal with a break-even margin is just a cash-flow crunch delay tactic.</p><p><b>You want to make a splash.</b> Daily deals are in part a form of advertising and can generate positive word of mouth (as long as you&rsquo;re ready to handle the influx of customers.) Plus, if you have very few existing customers, you don&rsquo;t have to worry about a daily deal coupon redeemer cannibalizing a sale that would have been made at full price.</p><p>When you don&rsquo;t have customers there are no sales to cannibalize.</p><p><b>You&rsquo;re already in a &ldquo;haggle&rdquo; business.</b> No one pays full price at, say, a furniture store. The display price is intended as an anchor to influence negotiations in favor of the merchant. If your bottom line price is a huge percentage off your display price, a daily deal is just another, more passive form of negotiating, one where you decide to give in ahead of time.</p><p>Before you run a daily deal, do the math. There are a <a href="http://www.inc.com/jeff-haden/top-6-hidden-costs-of-daily-deals.html">number of hidden costs</a>. For some businesses there are definite advantages, but make sure the costs and potentially negative outcomes are worth it.</p><p><b>Have a question? Email <a href="mailto:questions@blackbirdinc.com">questions@blackbirdinc.com</a> and it may appear in a future column. Please indicate if you would like your name and company name to appear.</b></p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 10:00:00 -0500</pubDate>
			<dc:creator>Jeff Haden</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/02102012_dailydeals-pano_13953.jpg" type="image/jpeg" length="68281" />
			<guid isPermaLink="false">http://www.inc.com/jeff-haden/when-daily-deals-work-for-business-8-scenarios.html</guid>
			<media:content url="http://www.inc.com/uploaded_files/image/02102012_dailydeals-pano_13953.jpg" type="image/jpeg">
				<media:title type="plain">When Daily Deals Actually Work</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/jeff-haden/when-daily-deals-work-for-business-8-scenarios.html</feedburner:origLink></item>
		<item>
			<title>Which Numbers Matter Most?</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/mKbdNMzZtl0/metrics-that-matter-most.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/measure_bucket_13793.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How can you tell if your e-commerce company is going to grow or fall flat on its face? These three measurements hold the key.</p><p>How can you tell if your e-commerce company is growing? I use three metrics to measure top-line growth in my portfolio companies: traffic, conversions, and sales. </p><p><b>Traffic</b></p><p>Not all traffic is created equal. Any old eyeballs will no longer do. You need visitor engagement that can translate into sales. </p><p>Getting the right visitor engagement is more complicated than just having a lot of money to spend. And as a young start-up, you can&rsquo;t rely on snagging cross-over traffic from an established brand. Partnerships can help drive meaningful traffic and leads, but you need a number of them, structured appropriately, to produce significant growth. </p><p>While I find traffic generation channels such as paid search, online ads and affiliate programs helpful, I don&rsquo;t believe they are the answer to ultimate, exponential growth. These programs were effective when they were first launched, but now the market is saturated. Traditional paid programs can quickly cost a lot more than the dollars they bring in.</p><p>So, how do you effectively generate traffic for your site? First, no matter what tactics or channels you choose, you must measure, track and manage your ROI. Invariably, some channels will work better than others, and the amount you spend will vary as you figure out what works best for any one of your customer profiles. Once you&rsquo;ve determined your target customer profile, and you understand where they go online and off, spend the initial phase of your program testing and experimenting until you find the magic trigger.</p><p>These programs need not be expensive, and some don&rsquo;t require any cash at all. But they can make a difference. RueLaLa&rsquo;s early success was based on a referral program that leveraged its existing user base. The re-launched Fab.com uses social media advertising and referrals. There is no cookie cutter approach to "making it work." Instead, you need to test your marketing program, iterate, test and iterate, until you find the right trigger for your business.</p><p>How much should you spend marketing? The best rule of thumb is to use the net present value of your customer life time value (CLTV). Basically, that&rsquo;s the gross profit generated by a customer across different periods in time, discounted to the present.</p><p>But many start-ups haven&rsquo;t been in business long enough to know what their customer lifetime value actually is. In that case, be conservative and assume that your customer will purchase only once, and use that value. How much should you spend to acquire that customer? The marginal cost of acquiring your next customer should not exceed the CLTV.</p><p><b>Conversion</b></p><p>Your conversion metrics show how well you&rsquo;re able to convert your site visitors into customers. Some visitors are coming to your site ready to buy from you. Others may be coming to your site because some third party partner of yours offers them a reward for doing so. They have no intention of buying. These two kinds of traffic will have very different conversion rates.</p><p>Conversion rates vary greatly by vertical, so it is difficult and dangerous to generalize. For high-end luxury e-commerce sites, conversion rates may be about 0.03%. Those who sell mass-market goods could see conversion rates of several percentage points. The blended average is approximately 1.5%, but you should use your own industry as a benchmark.</p><p><b>Sales</b><b> </b></p><p>There are a number of variables that can affect the size of the order you&rsquo;re getting. They include the product mix, sales incentives and up-sells, for starters.</p><p>Broadly, there are two categories of ecommerce sites: those carrying their own products, and those selling others&rsquo; goods. So be careful how you compare your sales to those of your so-called peers. If you&rsquo;re selling your own goods, your gross sales figure is really the face price of the good. Net sales figures account for any discounts.</p><p>In the case of aggregators such as flash sites, &ldquo;sales&rdquo; can mean something else entirely. They often report and market themselves based on the value of gross sales. For them, &ldquo;gross sales&rdquo; really means the value of the merchandise sold through them, not the amount of money that goes to the ecommerce site itself. So, if you are running an ecommerce business with your own product, don't be disheartened if your top dollar value does not match those of the flash sites. Before accusing yourself of growing sales too slowly, make sure that you are comparing apples to apples. </p><p> </p><p>This column only gives the briefest introduction to some of the metrics you&rsquo;ll need to track. There are a number of other very important figures such as the net promoter score (NPS), frequency of purchase and return rates, that I have not addressed. No matter which numbers you choose, measuring, iterating, and running your business on metrics is, in the end, the best approach to building a successful ecommerce company.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/measure_bucket_13793.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How can you tell if your e-commerce company is going to grow or fall flat on its face? These three measurements hold the key.</p><p>How can you tell if your e-commerce company is growing? I use three metrics to measure top-line growth in my portfolio companies: traffic, conversions, and sales. </p><p><b>Traffic</b></p><p>Not all traffic is created equal. Any old eyeballs will no longer do. You need visitor engagement that can translate into sales. </p><p>Getting the right visitor engagement is more complicated than just having a lot of money to spend. And as a young start-up, you can&rsquo;t rely on snagging cross-over traffic from an established brand. Partnerships can help drive meaningful traffic and leads, but you need a number of them, structured appropriately, to produce significant growth. </p><p>While I find traffic generation channels such as paid search, online ads and affiliate programs helpful, I don&rsquo;t believe they are the answer to ultimate, exponential growth. These programs were effective when they were first launched, but now the market is saturated. Traditional paid programs can quickly cost a lot more than the dollars they bring in.</p><p>So, how do you effectively generate traffic for your site? First, no matter what tactics or channels you choose, you must measure, track and manage your ROI. Invariably, some channels will work better than others, and the amount you spend will vary as you figure out what works best for any one of your customer profiles. Once you&rsquo;ve determined your target customer profile, and you understand where they go online and off, spend the initial phase of your program testing and experimenting until you find the magic trigger.</p><p>These programs need not be expensive, and some don&rsquo;t require any cash at all. But they can make a difference. RueLaLa&rsquo;s early success was based on a referral program that leveraged its existing user base. The re-launched Fab.com uses social media advertising and referrals. There is no cookie cutter approach to "making it work." Instead, you need to test your marketing program, iterate, test and iterate, until you find the right trigger for your business.</p><p>How much should you spend marketing? The best rule of thumb is to use the net present value of your customer life time value (CLTV). Basically, that&rsquo;s the gross profit generated by a customer across different periods in time, discounted to the present.</p><p>But many start-ups haven&rsquo;t been in business long enough to know what their customer lifetime value actually is. In that case, be conservative and assume that your customer will purchase only once, and use that value. How much should you spend to acquire that customer? The marginal cost of acquiring your next customer should not exceed the CLTV.</p><p><b>Conversion</b></p><p>Your conversion metrics show how well you&rsquo;re able to convert your site visitors into customers. Some visitors are coming to your site ready to buy from you. Others may be coming to your site because some third party partner of yours offers them a reward for doing so. They have no intention of buying. These two kinds of traffic will have very different conversion rates.</p><p>Conversion rates vary greatly by vertical, so it is difficult and dangerous to generalize. For high-end luxury e-commerce sites, conversion rates may be about 0.03%. Those who sell mass-market goods could see conversion rates of several percentage points. The blended average is approximately 1.5%, but you should use your own industry as a benchmark.</p><p><b>Sales</b><b> </b></p><p>There are a number of variables that can affect the size of the order you&rsquo;re getting. They include the product mix, sales incentives and up-sells, for starters.</p><p>Broadly, there are two categories of ecommerce sites: those carrying their own products, and those selling others&rsquo; goods. So be careful how you compare your sales to those of your so-called peers. If you&rsquo;re selling your own goods, your gross sales figure is really the face price of the good. Net sales figures account for any discounts.</p><p>In the case of aggregators such as flash sites, &ldquo;sales&rdquo; can mean something else entirely. They often report and market themselves based on the value of gross sales. For them, &ldquo;gross sales&rdquo; really means the value of the merchandise sold through them, not the amount of money that goes to the ecommerce site itself. So, if you are running an ecommerce business with your own product, don't be disheartened if your top dollar value does not match those of the flash sites. Before accusing yourself of growing sales too slowly, make sure that you are comparing apples to apples. </p><p> </p><p>This column only gives the briefest introduction to some of the metrics you&rsquo;ll need to track. There are a number of other very important figures such as the net promoter score (NPS), frequency of purchase and return rates, that I have not addressed. No matter which numbers you choose, measuring, iterating, and running your business on metrics is, in the end, the best approach to building a successful ecommerce company.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 08:31:00 -0500</pubDate>
			<dc:creator>Rudina Seseri</dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/measure_pano_13793.jpg" type="image/jpeg" length="94815" />
			<guid isPermaLink="false">http://www.inc.com/rudina-seseri/metrics-that-matter-most.html</guid>
			<media:content url="http://www.inc.com/uploaded_files/image/measure_pano_13793.jpg" type="image/jpeg">
				<media:title type="plain">Which Numbers Matter Most?</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/rudina-seseri/metrics-that-matter-most.html</feedburner:origLink></item>
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			<title>Find Your Company's Native Cannibals</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/qiQ_yiFt_Hc/find-your-companys-native-business-cannibals-and-disrupt.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/praying-mantis-bkt_13864.jpg' align='left' style='margin-right: 10px;' alt='<strong>EAT OR BE EATEN?</strong> If your company wants to survive and disrupt, it's going to have to not be afraid to innovate faster than might be good for its existing products and services. Because if you don't disrupt them yourself, someone else will.'><br><p>How (and why) to disrupt your own business before your competitors or upstarts have a chance to.</p><p><b>Many years ago</b>, I was lucky enough to work on a project with one of the original Apollo 13 mission-control engineers. One day, while he was patiently answering questions from his wide-eyed colleagues about how NASA got the astronauts safely home via their Lunar Escape Module, he paused, looked down at a gadget in his hands and cracked a wry smile. "You know, this little device has more computing capacity&mdash;by a large order of magnitude&mdash;than we had to work with in the entire LEM." </p><p>No lie, that tiny anecdote still pops into my head about once a month. It reminds me how fast the world is changing. Which, oddly, brings me to the topic of cannibalism. No, I'm not speculating on what would have happened had the astronauts run out of Tang and space food packets, but rather I'm talking about product cycles and innovation. More specifically, how more businesses should be the ones to kill their own products through disruptive use of technology, rather than waiting for competitors to do the job and push them out of business.</p><p>As Clay Christensen captured so well in his classic book, The Innovator's Dilemma, it's almost unheard of for companies of any size to accomplish this. Once a product is launched, inertia sets in so hard and fast, that challenging the underlying technology, value proposition or even marketing of that product becomes counter-cultural. Native cannibals, those employees who see the potential to reinvent their businesses via new technologies, are ignored, marginalized and eventually rejected by the corporate organism's immune system perfectly designed to protect its status quo.</p><p>A very successful Silicon Valley angel investor is my favorite example of this immune system response. He worked for an industry leader in the Valley for a decade before leaving in frustration. He's since funded and sold two start-ups to his previous employer at a total price of more than $300 million. Think of how much less expensive it would have been for that company to retain him, fund his ideas internally and reap the benefits without having to compete for them in the acquisition market.</p><p>And the large and growing importance of technology, software design, physics, and statistics to all industries has introduced new potential disruptors, the foreign cannibals. These are the brilliant engineers, mathematicians, and scientists who are successfully reinventing entire industries from outside the status quo. It's not just that they have no sacred cows, it's that they are willing and able to disprove the very existence of cows. Example? I think PayPal and Square are the two most important financial innovations of the last decade. You know how many collective years of financial services experience the five co-founders behind these two companies have? Three. (Peter Thiel's years trading derivatives for Credit Suisse). Makes you wonder if American Express, Visa, and MasterCard spent the last decade playing video games and updating their Facebook pages. </p><p class="blockquote">Makes you wonder if American Express, Visa, and MasterCard spent the last decade playing video games and updating their Facebook pages.</p><p>So, how can you ensure that your business is a continuing source of innovation in your industry? That you remain cannibal and not cuisine? Co-opting the native cannibal can be accomplished by giving those wonderfully disruptive individuals money, space, and people to try out their ideas. But, most importantly, they need the unyielding support of a senior sponsor that will take the inevitable heat when the corporate missionaries start demanding their heads.</p><p>Leveraging the foreign cannibals is harder. You have to find them, get them interested in the problems your product is trying to solve, and then be able to identify and implement the quality ideas from among the many questionable ones they may throw out to you. Quirky, the crowd-sourced product design community, is a really intriguing example of this approach, in my opinion. I'd love to hear from others of other on- or off-line examples of collecting and leveraging foreign cannibals.</p><p>This is all top of mind for me because my company, Mindflash.com, is about to undertake its second, self-cannibalization experience. We're on a path to reinvent our technology and product experience in a dramatic way over the next year. I'm not sure whether Christensen would label our work as "sustaining technological changes" or "disruptive innovations," but we're aiming for the latter. And be sure that we've started the fire under the huge cast iron pot for inspiration.</p><br clear="both" style="clear: both;"/>
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			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/praying-mantis-bkt_13864.jpg' align='left' style='margin-right: 10px;' alt='<strong>EAT OR BE EATEN?</strong> If your company wants to survive and disrupt, it's going to have to not be afraid to innovate faster than might be good for its existing products and services. Because if you don't disrupt them yourself, someone else will.'><br><p>How (and why) to disrupt your own business before your competitors or upstarts have a chance to.</p><p><b>Many years ago</b>, I was lucky enough to work on a project with one of the original Apollo 13 mission-control engineers. One day, while he was patiently answering questions from his wide-eyed colleagues about how NASA got the astronauts safely home via their Lunar Escape Module, he paused, looked down at a gadget in his hands and cracked a wry smile. "You know, this little device has more computing capacity&mdash;by a large order of magnitude&mdash;than we had to work with in the entire LEM." </p><p>No lie, that tiny anecdote still pops into my head about once a month. It reminds me how fast the world is changing. Which, oddly, brings me to the topic of cannibalism. No, I'm not speculating on what would have happened had the astronauts run out of Tang and space food packets, but rather I'm talking about product cycles and innovation. More specifically, how more businesses should be the ones to kill their own products through disruptive use of technology, rather than waiting for competitors to do the job and push them out of business.</p><p>As Clay Christensen captured so well in his classic book, The Innovator's Dilemma, it's almost unheard of for companies of any size to accomplish this. Once a product is launched, inertia sets in so hard and fast, that challenging the underlying technology, value proposition or even marketing of that product becomes counter-cultural. Native cannibals, those employees who see the potential to reinvent their businesses via new technologies, are ignored, marginalized and eventually rejected by the corporate organism's immune system perfectly designed to protect its status quo.</p><p>A very successful Silicon Valley angel investor is my favorite example of this immune system response. He worked for an industry leader in the Valley for a decade before leaving in frustration. He's since funded and sold two start-ups to his previous employer at a total price of more than $300 million. Think of how much less expensive it would have been for that company to retain him, fund his ideas internally and reap the benefits without having to compete for them in the acquisition market.</p><p>And the large and growing importance of technology, software design, physics, and statistics to all industries has introduced new potential disruptors, the foreign cannibals. These are the brilliant engineers, mathematicians, and scientists who are successfully reinventing entire industries from outside the status quo. It's not just that they have no sacred cows, it's that they are willing and able to disprove the very existence of cows. Example? I think PayPal and Square are the two most important financial innovations of the last decade. You know how many collective years of financial services experience the five co-founders behind these two companies have? Three. (Peter Thiel's years trading derivatives for Credit Suisse). Makes you wonder if American Express, Visa, and MasterCard spent the last decade playing video games and updating their Facebook pages. </p><p class="blockquote">Makes you wonder if American Express, Visa, and MasterCard spent the last decade playing video games and updating their Facebook pages.</p><p>So, how can you ensure that your business is a continuing source of innovation in your industry? That you remain cannibal and not cuisine? Co-opting the native cannibal can be accomplished by giving those wonderfully disruptive individuals money, space, and people to try out their ideas. But, most importantly, they need the unyielding support of a senior sponsor that will take the inevitable heat when the corporate missionaries start demanding their heads.</p><p>Leveraging the foreign cannibals is harder. You have to find them, get them interested in the problems your product is trying to solve, and then be able to identify and implement the quality ideas from among the many questionable ones they may throw out to you. Quirky, the crowd-sourced product design community, is a really intriguing example of this approach, in my opinion. I'd love to hear from others of other on- or off-line examples of collecting and leveraging foreign cannibals.</p><p>This is all top of mind for me because my company, Mindflash.com, is about to undertake its second, self-cannibalization experience. We're on a path to reinvent our technology and product experience in a dramatic way over the next year. I'm not sure whether Christensen would label our work as "sustaining technological changes" or "disruptive innovations," but we're aiming for the latter. And be sure that we've started the fire under the huge cast iron pot for inspiration.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 08:30:00 -0500</pubDate>
			<dc:creator>Donna Wells</dc:creator>
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				<media:title type="plain">Find Your Company's Native Cannibals</media:title>
			</media:content>
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			<title>5 Best Ways to Reward Star Employees</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/S8bSkK6SfU0/5-ways-to-boost-employee-recognition.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/recognition-bucket_13905.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>There's no such thing as too much employee recognition. Learn five ways to reward your team.</p><p><b>I hope you&rsquo;ll agree with</b> me after reading this post that there is no such thing as too much employee recognition. In fact, I would imagine that the average employee at most companies is starving for recognition of any type. Heck, most of them rarely see any feedback at all except for the &ldquo;dreaded annual review,&rdquo; but that&rsquo;s a subject deserving of its own blog post.</p><p>Over the course of leading numerous organizations I&rsquo;ve had the privilege of being a part of, our teams used personality testing to supplement our training of staff. For every type of role, 85 percent or more of the people tested replied that they would be much happier and would work harder if they were recognized for their efforts. This seemed like a no-brainer to me since most of my teachers&mdash;at every level of my education&mdash;used this strategy wisely.</p><p>If you&rsquo;re familiar with The Carrot Principle, you probably remember reading about how beneficial employee recognition can be to a company&rsquo;s bottom line. The authors described a study of 200,000 employees that revealed that employee recognition not only increased efficiency, but paid off significantly for the companies that effectively implemented them.  In some cases, these companies&rsquo; return on equity and assets were as much as three times as higher than that of other companies.</p><p>So, why are so many leaders still neglecting this invaluable practice? I believe many do for various reasons. Here are a few that immediately come to mind:</p><li>That is precisely how they have seen it done time and time again in previous organizations.</li><li>Most leaders received so little recognition on a regular basis themselves that they have no idea how powerful it can be in growing and retaining staff.</li><li>It takes extra effort.</li><p>If you&rsquo;re among the leaders within your organization, you may be able to initiate some change at your workplace. Start by sharing this list of five ways to boost employee recognition. I hope you and your co-workers will like them as much as our staff here at Slingshot SEO does! Here goes&hellip;</p><p><b>5 ways to provide recognition for your team:</b></p><li><b>Quarterly reviews</b>. Mandate one-on-one feedback sessions between each supervisor and team member on a quarterly basis. To ensure these are effective, have each manager carve out one hour for each employee. (At Slingshot SEO, we review the status of each quarterly goal and career objective, as well as take the time to chat to know each other better. The goals and any progress are summarized in a simple feedback form.)</li><li><b>Peer recognition</b>. Each month, I solicit open nominations for Slingshot SEO&rsquo;s Outstanding Team Member of the Month. Each employee with at least 60 seconds to spare can e-mail me with their recommendations. Although just two are publicly honored at each monthly meeting, many others are encouraged by this program: I always forward the e-mails of the remarkable kudos to all the nominees along with a few comments of my own.</li><li><b>Team highlights</b>. Insist on your department heads sharing stories from their departments and highlighting the achievements of team members at the monthly <a href="http://www.slingshotseo.com/blog/move-your-company-meetings-to-new-heights/">All-Company Meeting</a>. Lively presentations that include photographs, videos and client comments make this one even better!</li><li><b>Yearly awards ceremony</b>. Hold an <a href="http://www.slingshotseo.com/blog/the-academy-awards-arrive-at-slingshot-seo/">Annual Award Event</a> for your organization. (We award a Rookie of the Year, Most Improved, Innovator of the Year and Employee of the Year, plus we invite our Customer of the Year and Partner of the Year to make the event memorable.)</li><li><b>Spontaneous kudos</b>. Insist that every supervisor works hard to catch a team member doing something right or special as they wander around or peruse communications. When they do, have them point it out in front of the person&rsquo;s peers or via departmental e-mail. (The more often the better, but beware&hellip; large smiles might take over your office.)</li><p>Be bold and give one or all of these a try, then please let me know if any of these suggestions are making a difference at your organization.</p><p> </p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/recognition-bucket_13905.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>There's no such thing as too much employee recognition. Learn five ways to reward your team.</p><p><b>I hope you&rsquo;ll agree with</b> me after reading this post that there is no such thing as too much employee recognition. In fact, I would imagine that the average employee at most companies is starving for recognition of any type. Heck, most of them rarely see any feedback at all except for the &ldquo;dreaded annual review,&rdquo; but that&rsquo;s a subject deserving of its own blog post.</p><p>Over the course of leading numerous organizations I&rsquo;ve had the privilege of being a part of, our teams used personality testing to supplement our training of staff. For every type of role, 85 percent or more of the people tested replied that they would be much happier and would work harder if they were recognized for their efforts. This seemed like a no-brainer to me since most of my teachers&mdash;at every level of my education&mdash;used this strategy wisely.</p><p>If you&rsquo;re familiar with The Carrot Principle, you probably remember reading about how beneficial employee recognition can be to a company&rsquo;s bottom line. The authors described a study of 200,000 employees that revealed that employee recognition not only increased efficiency, but paid off significantly for the companies that effectively implemented them.  In some cases, these companies&rsquo; return on equity and assets were as much as three times as higher than that of other companies.</p><p>So, why are so many leaders still neglecting this invaluable practice? I believe many do for various reasons. Here are a few that immediately come to mind:</p><li>That is precisely how they have seen it done time and time again in previous organizations.</li><li>Most leaders received so little recognition on a regular basis themselves that they have no idea how powerful it can be in growing and retaining staff.</li><li>It takes extra effort.</li><p>If you&rsquo;re among the leaders within your organization, you may be able to initiate some change at your workplace. Start by sharing this list of five ways to boost employee recognition. I hope you and your co-workers will like them as much as our staff here at Slingshot SEO does! Here goes&hellip;</p><p><b>5 ways to provide recognition for your team:</b></p><li><b>Quarterly reviews</b>. Mandate one-on-one feedback sessions between each supervisor and team member on a quarterly basis. To ensure these are effective, have each manager carve out one hour for each employee. (At Slingshot SEO, we review the status of each quarterly goal and career objective, as well as take the time to chat to know each other better. The goals and any progress are summarized in a simple feedback form.)</li><li><b>Peer recognition</b>. Each month, I solicit open nominations for Slingshot SEO&rsquo;s Outstanding Team Member of the Month. Each employee with at least 60 seconds to spare can e-mail me with their recommendations. Although just two are publicly honored at each monthly meeting, many others are encouraged by this program: I always forward the e-mails of the remarkable kudos to all the nominees along with a few comments of my own.</li><li><b>Team highlights</b>. Insist on your department heads sharing stories from their departments and highlighting the achievements of team members at the monthly <a href="http://www.slingshotseo.com/blog/move-your-company-meetings-to-new-heights/">All-Company Meeting</a>. Lively presentations that include photographs, videos and client comments make this one even better!</li><li><b>Yearly awards ceremony</b>. Hold an <a href="http://www.slingshotseo.com/blog/the-academy-awards-arrive-at-slingshot-seo/">Annual Award Event</a> for your organization. (We award a Rookie of the Year, Most Improved, Innovator of the Year and Employee of the Year, plus we invite our Customer of the Year and Partner of the Year to make the event memorable.)</li><li><b>Spontaneous kudos</b>. Insist that every supervisor works hard to catch a team member doing something right or special as they wander around or peruse communications. When they do, have them point it out in front of the person&rsquo;s peers or via departmental e-mail. (The more often the better, but beware&hellip; large smiles might take over your office.)</li><p>Be bold and give one or all of these a try, then please let me know if any of these suggestions are making a difference at your organization.</p><p> </p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 07:57:28 -0500</pubDate>
			<dc:creator>Jay Love</dc:creator>
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				<media:title type="plain">5 Best Ways to Reward Star Employees</media:title>
			</media:content>
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		<item>
			<title>It's Time to Set Better Boundaries</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/EISQkzFUw7A/how-to-not-be-a-burnout-boss-work-life-balance.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/businessman-head-on-laptop_bkt_13896.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Helping your employees set work-life boundaries is easy and prevents burnout. So why aren't you doing it?</p><p><b>Are you an after-hours</b> Blackberry addict? Do you expect your employees to be e-mail addict, too? How much to keep in contact with office calls and e-mail in the evenings and over weekends may be a matter of personal choice (or business necessity) for founders, but <a href="http://www.fastcompany.com/1814467/4-steps-to-clarify-after-hours-work-expectations-for-employees">for employees when they can switch off can be a nerve-wracking gray area, points out Cali Williams Yost</a>, CEO of the Flex+Strategy Group, on Fast Company recently.</p><p>Unless you're in the psychic mind-reading business, the only way your employees are going to know how available you expect them to be is by close observation of the example you set and a stressful dose of guesswork. Unless you explicitly tell them, of course. After all, conscientious, promotion-minded workers probably won't ask if they can chuck their phone in their bag and forget about it at home, as they won't want to come off as a slacker. Williams Yost writes:</p><p>Leaders fail to clarify their personal preferences for staying connected to work with technology, and don&rsquo;t share their expectations of the responsiveness with their direct reports. This leads to misguided assumptions that can wreak havoc on the work-life balance of their employees. And most leaders have no idea any of this is happening.</p><p>Luckily, there is a quick, easy and perhaps best of all, free fix to this problem. By simply specifying your exact expectations, you remove the unpleasant cloud of doubt that can get in the way of workers' peace of mind and drive them towards burnout. Williams Yost suggests you,</p><p><b>Have a meeting, state the parameters clearly, and then be consistent</b>. People watch the behavior of leaders like a hawk. If there&rsquo;s even a whiff of inconsistency between what you told them and how you actually behave, they will go back to assuming they need to follow your technology schedule. So if you state, "You don&rsquo;t need to respond to e-mails at night; I'll call you if anything is urgent," don't penalize someone who missed an important issue because they didn&rsquo;t answer an e-mail, but were never called.</p><p>Check out <a href="http://www.fastcompany.com/1814467/4-steps-to-clarify-after-hours-work-expectations-for-employees">the complete Fast Company piece for more tips</a> on what to consider when setting your policy and on how to revise if your needs change. There are other resources available for founders and bosses determined to tackle this issue as well. <a href="http://gigaom.com/collaboration/protecting-workers-from-the-dark-side-of-mobile-work/">An analysis of data on how plugged in, mobile workers are coping with work demands by Dr. Carolyn Axtell</a> of the Institute of Work Psychology at the University of Sheffield offers advice for companies hoping to help workers avoid burnout. Among her tips:</p><ul><li><b>Control.</b> The more workers get to decide how to manage their off-job time, the better so, for example, if you have a massive project looming that will require work outside the usual nine-to-five, try to give employees as long a lead time as possible to allow them to meet that deadline in a way that works best for them.<b></b></li><li><b>Tools.</b> Companies should also "ensure that employees have the right resources to do their job and have the necessary support to overcome obstacles," says the analysis. If your employees need a gadget, training or a team happy hour to blow off steam, provide it.<b></b></li><li><b>Boundaries.</b> Like Williams, Axtell suggests managers explicitly encourage workers to set firm boundaries and find time to recharge. Bosses should, "encourage employees to maintain a boundary between home and work and not work excessive hours."</li></ul><p>How do you help your staff maintain work-life boundaries and avoid burnout?</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/businessman-head-on-laptop_bkt_13896.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Helping your employees set work-life boundaries is easy and prevents burnout. So why aren't you doing it?</p><p><b>Are you an after-hours</b> Blackberry addict? Do you expect your employees to be e-mail addict, too? How much to keep in contact with office calls and e-mail in the evenings and over weekends may be a matter of personal choice (or business necessity) for founders, but <a href="http://www.fastcompany.com/1814467/4-steps-to-clarify-after-hours-work-expectations-for-employees">for employees when they can switch off can be a nerve-wracking gray area, points out Cali Williams Yost</a>, CEO of the Flex+Strategy Group, on Fast Company recently.</p><p>Unless you're in the psychic mind-reading business, the only way your employees are going to know how available you expect them to be is by close observation of the example you set and a stressful dose of guesswork. Unless you explicitly tell them, of course. After all, conscientious, promotion-minded workers probably won't ask if they can chuck their phone in their bag and forget about it at home, as they won't want to come off as a slacker. Williams Yost writes:</p><p>Leaders fail to clarify their personal preferences for staying connected to work with technology, and don&rsquo;t share their expectations of the responsiveness with their direct reports. This leads to misguided assumptions that can wreak havoc on the work-life balance of their employees. And most leaders have no idea any of this is happening.</p><p>Luckily, there is a quick, easy and perhaps best of all, free fix to this problem. By simply specifying your exact expectations, you remove the unpleasant cloud of doubt that can get in the way of workers' peace of mind and drive them towards burnout. Williams Yost suggests you,</p><p><b>Have a meeting, state the parameters clearly, and then be consistent</b>. People watch the behavior of leaders like a hawk. If there&rsquo;s even a whiff of inconsistency between what you told them and how you actually behave, they will go back to assuming they need to follow your technology schedule. So if you state, "You don&rsquo;t need to respond to e-mails at night; I'll call you if anything is urgent," don't penalize someone who missed an important issue because they didn&rsquo;t answer an e-mail, but were never called.</p><p>Check out <a href="http://www.fastcompany.com/1814467/4-steps-to-clarify-after-hours-work-expectations-for-employees">the complete Fast Company piece for more tips</a> on what to consider when setting your policy and on how to revise if your needs change. There are other resources available for founders and bosses determined to tackle this issue as well. <a href="http://gigaom.com/collaboration/protecting-workers-from-the-dark-side-of-mobile-work/">An analysis of data on how plugged in, mobile workers are coping with work demands by Dr. Carolyn Axtell</a> of the Institute of Work Psychology at the University of Sheffield offers advice for companies hoping to help workers avoid burnout. Among her tips:</p><ul><li><b>Control.</b> The more workers get to decide how to manage their off-job time, the better so, for example, if you have a massive project looming that will require work outside the usual nine-to-five, try to give employees as long a lead time as possible to allow them to meet that deadline in a way that works best for them.<b></b></li><li><b>Tools.</b> Companies should also "ensure that employees have the right resources to do their job and have the necessary support to overcome obstacles," says the analysis. If your employees need a gadget, training or a team happy hour to blow off steam, provide it.<b></b></li><li><b>Boundaries.</b> Like Williams, Axtell suggests managers explicitly encourage workers to set firm boundaries and find time to recharge. Bosses should, "encourage employees to maintain a boundary between home and work and not work excessive hours."</li></ul><p>How do you help your staff maintain work-life boundaries and avoid burnout?</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 07:32:19 -0500</pubDate>
			<dc:creator>Jessica Stillman</dc:creator>
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				<media:title type="plain">It's Time to Set Better Boundaries</media:title>
			</media:content>
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			<title>Be More Profitable: 12 Easy Tricks</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/-HWOm1lgh3E/be-more-profitable-12-easy-tricks.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bigstock_Head_in_Money_12025391-336x336_13889.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>These easily implemented tweaks will help you cut sales costs while increasing revenue.</p><p>Bottom line getting you down?  Don't despair: Here are 12 quick, easy, and absolutely foolproof sales tweaks that will are guaranteed to increase your profitability:</p><p><b>1. Hone your sales lead criteria.</b> Confirm that you&rsquo;re going after the right leads. Revisit how you score your sales leads and observe&mdash;based on your current experience&mdash;what's working and what's not. Make changes as necessary.</p><p><b>2. Enhance your sales technology.</b> Revisit the online tools that you&rsquo;re using to find leads and to research companies and individuals. Take more advantage of the free (and almost free) tools that run on smartphones and tablets.</p><p><b>3. Revisit your network</b>. Friends and colleagues who previously didn&rsquo;t know of any prospects may know of some now. You&rsquo;ve also built up a customer base; enlist their aid in expanding your network and finding new customers.</p><p><b>4. Hone your sales messages.</b> No sales message is perfect. Revisit your core sales message, your elevator pitch, your qualifying questions, and so forth. Make them better, shorter, and more effective.</p><p><b>5. Eliminating more bad leads</b>. Save valuable sales time by realigning initial conversations with sales leads so that they're focused on quickly identifying whether a lead is unlikely to buy.</p><p><b>6. Improve your listening skills.</b> When a potential customer is speaking, listen carefully to what&rsquo;s actually being said, rather than waiting for something that will give you hope of making a sale.</p><p><b>7. Stop chasing garbage trucks.</b> A real prospect must have the budget to buy and a need that massively justifies the spending.  If those two elements aren't both present, you&rsquo;ll never be a priority&ndash;so you'd best move on.</p><p><b>8. Reward yourself for disqualifying a lead.</b> Remember, every lead you eliminate from your list is a victory&ndash;because it means you won&rsquo;t be wasting your time. So celebrate the winnowing process.</p><p><b>9. Research the competition</b>. Selling to a fully qualified lead (see items above) is always a matter of outselling the competition. Ask the prospect who else is calling on them, and adapt your approach to compensate.</p><p><b>10. Keep track of key players.</b> The most frequent reason sales reps are outsold is that they didn&rsquo;t talk to the right people&mdash;and the competitor did. Keep notes of who's who and what's expected of you&ndash;and when.</p><p><b>11. Improve your follow-through.</b>  If you make a commitment, log it in your schedule, and make sure that you do it, no matter what. Follow-through is the only way that a potential customer can learn to trust you.</p><p><b>12. Use discounts sparingly.</b>  Extraordinary discounts offered merely to secure a sale have two downsides: They make the current deal smaller, and if word gets out, they can result in more discounts (and smaller deals) from future customers.</p><p>If you found this post helpful, click one of the "like" buttons or <a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=125004" target="_blank">sign up for the Sales Source "insider" newsletter</a>.</p><br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/bigstock_Head_in_Money_12025391-336x336_13889.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>These easily implemented tweaks will help you cut sales costs while increasing revenue.</p><p>Bottom line getting you down?  Don't despair: Here are 12 quick, easy, and absolutely foolproof sales tweaks that will are guaranteed to increase your profitability:</p><p><b>1. Hone your sales lead criteria.</b> Confirm that you&rsquo;re going after the right leads. Revisit how you score your sales leads and observe&mdash;based on your current experience&mdash;what's working and what's not. Make changes as necessary.</p><p><b>2. Enhance your sales technology.</b> Revisit the online tools that you&rsquo;re using to find leads and to research companies and individuals. Take more advantage of the free (and almost free) tools that run on smartphones and tablets.</p><p><b>3. Revisit your network</b>. Friends and colleagues who previously didn&rsquo;t know of any prospects may know of some now. You&rsquo;ve also built up a customer base; enlist their aid in expanding your network and finding new customers.</p><p><b>4. Hone your sales messages.</b> No sales message is perfect. Revisit your core sales message, your elevator pitch, your qualifying questions, and so forth. Make them better, shorter, and more effective.</p><p><b>5. Eliminating more bad leads</b>. Save valuable sales time by realigning initial conversations with sales leads so that they're focused on quickly identifying whether a lead is unlikely to buy.</p><p><b>6. Improve your listening skills.</b> When a potential customer is speaking, listen carefully to what&rsquo;s actually being said, rather than waiting for something that will give you hope of making a sale.</p><p><b>7. Stop chasing garbage trucks.</b> A real prospect must have the budget to buy and a need that massively justifies the spending.  If those two elements aren't both present, you&rsquo;ll never be a priority&ndash;so you'd best move on.</p><p><b>8. Reward yourself for disqualifying a lead.</b> Remember, every lead you eliminate from your list is a victory&ndash;because it means you won&rsquo;t be wasting your time. So celebrate the winnowing process.</p><p><b>9. Research the competition</b>. Selling to a fully qualified lead (see items above) is always a matter of outselling the competition. Ask the prospect who else is calling on them, and adapt your approach to compensate.</p><p><b>10. Keep track of key players.</b> The most frequent reason sales reps are outsold is that they didn&rsquo;t talk to the right people&mdash;and the competitor did. Keep notes of who's who and what's expected of you&ndash;and when.</p><p><b>11. Improve your follow-through.</b>  If you make a commitment, log it in your schedule, and make sure that you do it, no matter what. Follow-through is the only way that a potential customer can learn to trust you.</p><p><b>12. Use discounts sparingly.</b>  Extraordinary discounts offered merely to secure a sale have two downsides: They make the current deal smaller, and if word gets out, they can result in more discounts (and smaller deals) from future customers.</p><p>If you found this post helpful, click one of the "like" buttons or <a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=125004" target="_blank">sign up for the Sales Source "insider" newsletter</a>.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Thu, 09 Feb 2012 06:43:20 -0500</pubDate>
			<dc:creator>Geoffrey James</dc:creator>
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				<media:title type="plain">Be More Profitable: 12 Easy Tricks</media:title>
			</media:content>
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		<item>
			<title>How to Network Strategically [VIDEO]</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/3mi6htDh9Oc/how-to-network-strategically.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/matt-wilson-bkt_13908.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Tips on professional networking, including advice from Matt Wilson, founder of under30ceo.com.</p><p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/matt-wilson-bkt_13908.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Tips on professional networking, including advice from Matt Wilson, founder of under30ceo.com.</p><p><object type="application/x-shockwave-flash" id="embedded_player_da52df8720fb7" name="embedded_player_da52df8720fb7" width="512" height="313" data="http://service.twistage.com/plugins/player.swf"><br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 17:00:00 -0500</pubDate>
			<dc:creator>Scott Gerber</dc:creator>
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				<media:title type="plain">How to Network Strategically [VIDEO]</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/scott-gerber/how-to-network-strategically.html</feedburner:origLink></item>
		<item>
			<title>Weighing a Big Decision? Take Your Time</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/FbtLgY6NyUM/weighing-a-big-decision-take-your-time.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/empty_think_sign_bkt_13909.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>To understand all the consequences of an important choice takes time and attention--even if they're hard to come by.</p><p>I've written before about the importance of <a href="http://www.inc.com/margaret-heffernan/the-truth-about-sleep-and-productivity.html">sleep</a>.</p><p>Tired brains lose their capacity to think critically, to evaluate data, and to understand the meaning of evidence. But chronic fatigue in the workplace isn't the only invisible risk we run daily. So too is speed.</p><p>I know, I know: We're all supposed to run fast companies in which quick decisions today are better than perfect answers a week from now. In the blink of an eye, we're all supposed to be naturally brilliant. But I'm not so sure.</p><p>Recent experiments conducted by the Kellogg School's J. Keith Murnighan demonstrated that, asked to choose between two communications&mdash;one honest, the other less so&mdash;the students who were given more time made the more ethical choice. Those under time pressure were more selfish. But given the opportunity for contemplation, participants were able to consider the consequences of their actions and to think of others beyond just themselves.</p><p>I can't be surprised by these findings. Ethical thinking is cognitively expensive: it takes effort, focus, and time. It's easily crowded out by multitasking, distractions, and fatigue. Many other experiments demonstrate that people often make unethical choices not because they intended to&mdash;but because they didn't see that ethics were involved at all. To understand the full repercussions of any decision takes time and attention. It can't be done if the text you're sent with a tricky question requires an instant solution. And it won't be done if all you're trying to do is whittle down to a manageable number the screen full of emails you received during lunch. Time and focus are both hard to get and to hang onto in a busy workplace.</p><p>Reading the <a href="http://www.aomonline.org/aom.asp?ID=251&amp;page_ID=224&amp;pr_id=453">study</a>, I can't help but remember a great detail I found when I ploughed through the documentary evidence presented in the trial of Enron CEO, Ken Lay. The company Post-it notes carried a Martin Luther King, Jr. quote: "Our lives begin to end the day we become silent about the things that matter." But of course the company moved so fast, no one ever had time to read it&mdash;never mind think about it.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
<a href="http://ads.pheedo.com/click.phdo?s=58cd70ba3cb67bedaf38f943b54ac830&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=58cd70ba3cb67bedaf38f943b54ac830&p=1"/></a>
<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/empty_think_sign_bkt_13909.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>To understand all the consequences of an important choice takes time and attention--even if they're hard to come by.</p><p>I've written before about the importance of <a href="http://www.inc.com/margaret-heffernan/the-truth-about-sleep-and-productivity.html">sleep</a>.</p><p>Tired brains lose their capacity to think critically, to evaluate data, and to understand the meaning of evidence. But chronic fatigue in the workplace isn't the only invisible risk we run daily. So too is speed.</p><p>I know, I know: We're all supposed to run fast companies in which quick decisions today are better than perfect answers a week from now. In the blink of an eye, we're all supposed to be naturally brilliant. But I'm not so sure.</p><p>Recent experiments conducted by the Kellogg School's J. Keith Murnighan demonstrated that, asked to choose between two communications&mdash;one honest, the other less so&mdash;the students who were given more time made the more ethical choice. Those under time pressure were more selfish. But given the opportunity for contemplation, participants were able to consider the consequences of their actions and to think of others beyond just themselves.</p><p>I can't be surprised by these findings. Ethical thinking is cognitively expensive: it takes effort, focus, and time. It's easily crowded out by multitasking, distractions, and fatigue. Many other experiments demonstrate that people often make unethical choices not because they intended to&mdash;but because they didn't see that ethics were involved at all. To understand the full repercussions of any decision takes time and attention. It can't be done if the text you're sent with a tricky question requires an instant solution. And it won't be done if all you're trying to do is whittle down to a manageable number the screen full of emails you received during lunch. Time and focus are both hard to get and to hang onto in a busy workplace.</p><p>Reading the <a href="http://www.aomonline.org/aom.asp?ID=251&amp;page_ID=224&amp;pr_id=453">study</a>, I can't help but remember a great detail I found when I ploughed through the documentary evidence presented in the trial of Enron CEO, Ken Lay. The company Post-it notes carried a Martin Luther King, Jr. quote: "Our lives begin to end the day we become silent about the things that matter." But of course the company moved so fast, no one ever had time to read it&mdash;never mind think about it.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 12:45:00 -0500</pubDate>
			<dc:creator>Margaret Heffernan</dc:creator>
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				<media:title type="plain">Weighing a Big Decision? Take Your Time</media:title>
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		<item>
			<title>Banish Your Negativity Bias</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/-EQIaQwMgek/how-your-negativity-bias-hurts-you.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/angry-bucket_13906.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your brain is wired for negativity--but it's probably not helping you. Here's how to fight back.</p><p>Like it or not&mdash;and this one&rsquo;s really hard to like&mdash;we all have a negativity bias. While we appreciate positive experiences, we are much more finely attuned and give much greater weight to negative experiences like fear, threats, or <a href="http://www.psychologytoday.com/articles/199905/the-bad-news-bias">even just bad news</a>.</p><p>According to neuropsychologist <a href="http://www.rickhanson.net/">Rich Hanson</a>, our "brain is like Velcro to negative experiences and Teflon to positive ones.&rdquo;</p><p>Or as my non-neuropsychologist dad used to say, &ldquo;It takes five pats on the back to make up for one, &lsquo;Oh, crap.&rsquo;&rdquo;</p><p>That&rsquo;s also why we tend to dwell on what other people do wrong. Every mistake, every misstep, and every slight is like a threat or potential loss, if only to our self-esteem.</p><p>As <a href="http://www.psychologytoday.com/blog/your-wise-brain/201010/confronting-the-negativity-bias">Hanson writes</a>, we&rsquo;re built that way: Negative stimuli produce more neural activity than positive stimuli. Negative events are also quickly stored in your long-term memory while you need to actively think about positive events for twelve seconds or more in order for them to be transferred to your long-term memory.</p><p>And that&rsquo;s why an otherwise good day can be so easily spoiled. We give tremendous weight to negativity.</p><p>And so do the people around us&mdash;especially the people we work with and are close to, because to them our words and actions already carry substantial weight.</p><p>But we can fight back. Tomorrow let's all try an experiment. Make it a &ldquo;No Negatives Day.&rdquo; Commit to focusing on the positive and discarding negative thoughts or feelings as quickly as possible.</p><p>Granted, that won&rsquo;t be easy. We have centuries of evolution to overcome.</p><p>One trick is to take on a difficult task, because when we focus on something mentally challenging, our brains divert resources that were previously devoted to experiencing a negative emotion. (That&rsquo;s one occasion where our inability to multitask effectively is actually a good thing.)</p><p><a href="http://www.psychologytoday.com/blog/the-hidden-brain/201008/negative-emotions-diminished-difficult-mental-challenges">Shankar Vedantam suggests</a> performing a quick mental exercise when you get upset. Count backwards from 100 in steps of seven. Multiply 14 times 23. Try to remember the lines of a poem you memorized in school. When you do, you &ldquo;forget&rdquo; to be angry or sad: It&rsquo;s like counting to 10, only harder.</p><p>Another trick is to just pause for a second and apply a little perspective. Even though they sometimes do hurt your feelings, your family loves you. Even though they do occasionally make mistakes, your employees and coworkers accomplish amazing things.</p><p>Even though you had to wait a couple minutes longer than you wanted for the check, your meal was superb.</p><p>Tomorrow, do your absolute best to focus only on the good. Dwell on every positive thing that happens for at least 10 or 20 seconds. Make sure the experience transfers to your long-term memory. If something really bad happens, do a little mental exercise and then toss in a dose of perspective to help you calm down and refocus.</p><p>Just as importantly, don't say anything bad about anyone or anything. No gossip, no snippy comments, no complaints... only positives. That will not only help you feel better, it will help others feel better too.</p><p>Then tell people what you&rsquo;re doing. Ask them to hold you accountable. Ask them to adhere to No Negatives Day, too. Turn it into a game that everyone wins.</p><p>While all of our lives could be better, the lives we&rsquo;re already living are pretty amazing. If only for one day, fight your negativity bias and let yourself&mdash;and the people around you&mdash;enjoy what we have.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/angry-bucket_13906.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your brain is wired for negativity--but it's probably not helping you. Here's how to fight back.</p><p>Like it or not&mdash;and this one&rsquo;s really hard to like&mdash;we all have a negativity bias. While we appreciate positive experiences, we are much more finely attuned and give much greater weight to negative experiences like fear, threats, or <a href="http://www.psychologytoday.com/articles/199905/the-bad-news-bias">even just bad news</a>.</p><p>According to neuropsychologist <a href="http://www.rickhanson.net/">Rich Hanson</a>, our "brain is like Velcro to negative experiences and Teflon to positive ones.&rdquo;</p><p>Or as my non-neuropsychologist dad used to say, &ldquo;It takes five pats on the back to make up for one, &lsquo;Oh, crap.&rsquo;&rdquo;</p><p>That&rsquo;s also why we tend to dwell on what other people do wrong. Every mistake, every misstep, and every slight is like a threat or potential loss, if only to our self-esteem.</p><p>As <a href="http://www.psychologytoday.com/blog/your-wise-brain/201010/confronting-the-negativity-bias">Hanson writes</a>, we&rsquo;re built that way: Negative stimuli produce more neural activity than positive stimuli. Negative events are also quickly stored in your long-term memory while you need to actively think about positive events for twelve seconds or more in order for them to be transferred to your long-term memory.</p><p>And that&rsquo;s why an otherwise good day can be so easily spoiled. We give tremendous weight to negativity.</p><p>And so do the people around us&mdash;especially the people we work with and are close to, because to them our words and actions already carry substantial weight.</p><p>But we can fight back. Tomorrow let's all try an experiment. Make it a &ldquo;No Negatives Day.&rdquo; Commit to focusing on the positive and discarding negative thoughts or feelings as quickly as possible.</p><p>Granted, that won&rsquo;t be easy. We have centuries of evolution to overcome.</p><p>One trick is to take on a difficult task, because when we focus on something mentally challenging, our brains divert resources that were previously devoted to experiencing a negative emotion. (That&rsquo;s one occasion where our inability to multitask effectively is actually a good thing.)</p><p><a href="http://www.psychologytoday.com/blog/the-hidden-brain/201008/negative-emotions-diminished-difficult-mental-challenges">Shankar Vedantam suggests</a> performing a quick mental exercise when you get upset. Count backwards from 100 in steps of seven. Multiply 14 times 23. Try to remember the lines of a poem you memorized in school. When you do, you &ldquo;forget&rdquo; to be angry or sad: It&rsquo;s like counting to 10, only harder.</p><p>Another trick is to just pause for a second and apply a little perspective. Even though they sometimes do hurt your feelings, your family loves you. Even though they do occasionally make mistakes, your employees and coworkers accomplish amazing things.</p><p>Even though you had to wait a couple minutes longer than you wanted for the check, your meal was superb.</p><p>Tomorrow, do your absolute best to focus only on the good. Dwell on every positive thing that happens for at least 10 or 20 seconds. Make sure the experience transfers to your long-term memory. If something really bad happens, do a little mental exercise and then toss in a dose of perspective to help you calm down and refocus.</p><p>Just as importantly, don't say anything bad about anyone or anything. No gossip, no snippy comments, no complaints... only positives. That will not only help you feel better, it will help others feel better too.</p><p>Then tell people what you&rsquo;re doing. Ask them to hold you accountable. Ask them to adhere to No Negatives Day, too. Turn it into a game that everyone wins.</p><p>While all of our lives could be better, the lives we&rsquo;re already living are pretty amazing. If only for one day, fight your negativity bias and let yourself&mdash;and the people around you&mdash;enjoy what we have.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 11:44:53 -0500</pubDate>
			<dc:creator>Jeff Haden</dc:creator>
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				<media:title type="plain">Banish Your Negativity Bias</media:title>
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			<pubDate>Wed, 08 Feb 2012 11:44:53 -0500</pubDate>
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			<title>Fixing Silicon Valley's Bias Problem</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/UfGTVvHMgUE/face-of-success-diversity-in-silicon-valley.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/YCombinator-Startup-School-2010_bkt_13903.jpg' align='left' style='margin-right: 10px;' alt='Y Combinator's Startup School at Stanford University'><br><p>It is possible for Silicon Valley to become the meritocracy it claims to be. The first step is to admit that we're not quite there--yet.</p><p> Earlier in this series, I&rsquo;ve discussed the myth of Silicon Valley&rsquo;s meritocracy and the ignorance and arrogance of its gatekeepers. The problem is real: There are hardly any female, black, or Hispanic CEOs or CTOs in the tech world. Innovation thrives on diversity; by excluding more than half of our population, we are greatly limiting economic growth.</p><p>So what can be done about it?</p><p>First, let&rsquo;s stop pretending that the tech industry is a Nirvana and admit that there is a problem. All of us have biases, whether we realize it or not. Research published in September 2011 by the Level Playing Field Institute (LPFI) revealed that hidden biases within the I.T. workplace caused women and blacks to have negative workplace experiences far more often than their male and white counterparts. They were more likely to say they had difficulty balancing their work and family responsibilities, had been excluded by cliques, or were bullied. Not surprisingly, this leads to lower job satisfaction and increased turnover among members of these groups, creating a significant cost for employers and a loss of talent for the sector.</p><p>LPFI founder Freada Klein says that to fix the bias problem, corporations need to systematically collect anonymous data from employees on their perceptions and experiences. Otherwise, she says, there is no way for hidden biases to become apparent. She says that companies need to create a workplace culture in which differences are respected and people can speak up about inadvertent, unintended bias or exclusion. A critical mass of underrepresented groups is important; an 'only' will always be in the spotlight. It&rsquo;s obviously unfair to ask one person to represent an entire gender or race, and the pressure to do so has been shown to lead to stilted performance.  Recognition of each person should be as an individual, not just 'the black engineer' or 'the woman engineer,' Freada says.</p><p>Companies should always hire the most qualified candidates regardless of race and gender. But because of hidden biases, they don&rsquo;t always make the right decisions. Telle Whitney, CEO of the Anita Borg Institute, says that companies should interview at least one woman and member of a minority group for every open position. Simply ensuring that recruiting efforts include a diverse slate of candidates can substantially affect team composition, she says. And there should be at least one woman and minority-group member on the hiring team. Academic research has shown that people tend to hire those who are similar to them. The current demographics of the hiring team and company can therefore influence the outcome of hiring.</p><p>In the startup world, success is all about networks and mentors. Learning from people with experience and getting introductions to investors and customers can make a huge difference. This is where the success of Indian immigrants in Silicon Valley provides valuable lessons. By establishing their own mentoring networks and actively helping each other, Indians were able to transcend discrimination and stereotypes and become the dominant group of immigrant company founders. Despite constituting only 6% of Silicon Valley&rsquo;s working population in 2000, this group founded 15.5% of the Valley's startups in 1995&ndash;2005. The first generation of successful founders took it upon themselves to teach and mentor the next generation. This is a model that all other groups can emulate.</p><p>The venture capitalists that startups meet with have their own biases. These firms are dominated by white males&mdash;mostly from elite institutions such as Stanford, Harvard, and Cornell. The interns there are recruited from the same schools. These firms should make a conscious effort to recruit from second- and third-tier colleges&mdash;particularly those with large minority populations. And yes, they will find extremely bright, capable people from these schools. This diversity in VC firms will help change perceptions and stereotypes and will open the door for members of groups that are always left out.</p><p>And let&rsquo;s not forget the role that Mom and Dad play. Most of the successful women I have interviewed talked about the important role that their parents had played in encouraging them to pursue science and engineering and succeed in a male-dominated industry.  They said that this made a big difference in their motivations and ambitions. </p><p>Despite all the issues I have raised, I still believe that Silicon Valley is the most open, inclusive place in the world.  There are hurdles. But once you cross these, the Valley readily accepts you. I know of no evidence of deliberate intent to exclude people on such arbitrary bases as their sex or color.  Rather than arising from conscious prejudices, the bias that is rife in the Valley is based on simple ignorance.  This can be fixed&mdash;and groups that are left out can share the economic bounties that the tech industry offers.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
<a href="http://ads.pheedo.com/click.phdo?s=da0827d33a00c206cb02519105ba434d&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=da0827d33a00c206cb02519105ba434d&p=1"/></a>
<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/YCombinator-Startup-School-2010_bkt_13903.jpg' align='left' style='margin-right: 10px;' alt='Y Combinator's Startup School at Stanford University'><br><p>It is possible for Silicon Valley to become the meritocracy it claims to be. The first step is to admit that we're not quite there--yet.</p><p> Earlier in this series, I&rsquo;ve discussed the myth of Silicon Valley&rsquo;s meritocracy and the ignorance and arrogance of its gatekeepers. The problem is real: There are hardly any female, black, or Hispanic CEOs or CTOs in the tech world. Innovation thrives on diversity; by excluding more than half of our population, we are greatly limiting economic growth.</p><p>So what can be done about it?</p><p>First, let&rsquo;s stop pretending that the tech industry is a Nirvana and admit that there is a problem. All of us have biases, whether we realize it or not. Research published in September 2011 by the Level Playing Field Institute (LPFI) revealed that hidden biases within the I.T. workplace caused women and blacks to have negative workplace experiences far more often than their male and white counterparts. They were more likely to say they had difficulty balancing their work and family responsibilities, had been excluded by cliques, or were bullied. Not surprisingly, this leads to lower job satisfaction and increased turnover among members of these groups, creating a significant cost for employers and a loss of talent for the sector.</p><p>LPFI founder Freada Klein says that to fix the bias problem, corporations need to systematically collect anonymous data from employees on their perceptions and experiences. Otherwise, she says, there is no way for hidden biases to become apparent. She says that companies need to create a workplace culture in which differences are respected and people can speak up about inadvertent, unintended bias or exclusion. A critical mass of underrepresented groups is important; an 'only' will always be in the spotlight. It&rsquo;s obviously unfair to ask one person to represent an entire gender or race, and the pressure to do so has been shown to lead to stilted performance.  Recognition of each person should be as an individual, not just 'the black engineer' or 'the woman engineer,' Freada says.</p><p>Companies should always hire the most qualified candidates regardless of race and gender. But because of hidden biases, they don&rsquo;t always make the right decisions. Telle Whitney, CEO of the Anita Borg Institute, says that companies should interview at least one woman and member of a minority group for every open position. Simply ensuring that recruiting efforts include a diverse slate of candidates can substantially affect team composition, she says. And there should be at least one woman and minority-group member on the hiring team. Academic research has shown that people tend to hire those who are similar to them. The current demographics of the hiring team and company can therefore influence the outcome of hiring.</p><p>In the startup world, success is all about networks and mentors. Learning from people with experience and getting introductions to investors and customers can make a huge difference. This is where the success of Indian immigrants in Silicon Valley provides valuable lessons. By establishing their own mentoring networks and actively helping each other, Indians were able to transcend discrimination and stereotypes and become the dominant group of immigrant company founders. Despite constituting only 6% of Silicon Valley&rsquo;s working population in 2000, this group founded 15.5% of the Valley's startups in 1995&ndash;2005. The first generation of successful founders took it upon themselves to teach and mentor the next generation. This is a model that all other groups can emulate.</p><p>The venture capitalists that startups meet with have their own biases. These firms are dominated by white males&mdash;mostly from elite institutions such as Stanford, Harvard, and Cornell. The interns there are recruited from the same schools. These firms should make a conscious effort to recruit from second- and third-tier colleges&mdash;particularly those with large minority populations. And yes, they will find extremely bright, capable people from these schools. This diversity in VC firms will help change perceptions and stereotypes and will open the door for members of groups that are always left out.</p><p>And let&rsquo;s not forget the role that Mom and Dad play. Most of the successful women I have interviewed talked about the important role that their parents had played in encouraging them to pursue science and engineering and succeed in a male-dominated industry.  They said that this made a big difference in their motivations and ambitions. </p><p>Despite all the issues I have raised, I still believe that Silicon Valley is the most open, inclusive place in the world.  There are hurdles. But once you cross these, the Valley readily accepts you. I know of no evidence of deliberate intent to exclude people on such arbitrary bases as their sex or color.  Rather than arising from conscious prejudices, the bias that is rife in the Valley is based on simple ignorance.  This can be fixed&mdash;and groups that are left out can share the economic bounties that the tech industry offers.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 11:14:00 -0500</pubDate>
			<dc:creator>Vivek Wadhwa</dc:creator>
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				<media:title type="plain">Fixing Silicon Valley's Bias Problem</media:title>
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			<title>6 Simple Business Truths From Mom</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/-gdhiNFL1pc/five-simple-truths-about-business-from-my-mom.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Mother-and-daughter-cooking_bkt_13904.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Essential lessons about life turned out to be lessons for business.</p><p>In my speaking engagements, I often get asked how I decided to focus on culture and employee engagement as the most important drivers for my business.  Did some event trigger this approach?  Did I work somewhere else and then decide that this is the way I wanted to do business?  The answer is neither.  Beryl has been my only gig (at least for the last 27 years).  I guess I just didn&rsquo;t know any better.</p><p>The credit goes to my mom and dad.</p><p>My parents are terrific people who managed to keep three boys from killing each other in a very rambunctious household. And while we may have battled as youngsters, the unifying values my parents instilled in us enabled my brothers and I to all go into business together and build a successful enterprise.  I&rsquo;m the only one still involved in the business, but the key principles remain the same. </p><p>Since we knew little to nothing about running a business and had no real professional experience, we decided to build our company on what we did know&hellip;and that is directly related to how we were brought up. And like many parents out there, ours had a few go-to sayings that ended up well beyond the Spiegelman house and directly in the culture of our business. Here are some of my favorites and why they&rsquo;ll be important to your success.</p><p>1. "Always Be Nice"  </p><p>It seems so simple, but I&rsquo;ll never forget my dad telling me that.  When I was a child and my dad would run into an old business colleague, that person would pull me aside and tell me that my dad was one of the nicest people he had ever met.  I always hoped people would say that about me one day. (And I'm still working on it.) Being nice and having kindness in your heart will get you through almost any situation.   </p><p>2. "Listen" </p><p>Stop telling people what you can do for them and listen to what they're saying they need from you. You can&rsquo;t learn what your customer needs (and what they will buy from you) if you&rsquo;re too busy talking about what you can give them.</p><p>3. "Eat Your Vegetables"</p><p>The same way it's good for you to plow through your vegetables as a kid, you'll find enormous benefits in reading to improve your business. Even the artichokes of business books. You can never read too much.</p><p>4. "Stop Picking Your Nose" </p><p>Be aware how you conduct yourself out in the world. People are watching you and your business. And not only should you avoid them catching you doing something questionable, don't do that questionable thing in the first place.</p><p>5.  "Smile" </p><p>I was the middle kid and the serious one growing up.   My mom always had to remind me to smile.  Now I&rsquo;ve written two books about smiling in business. </p><p>6. "Never Burn Bridges"</p><p>This was another one from my dad.  We all face situations in which we want to tell someone off or win a fight.  It isn&rsquo;t worth it.  Life is too short and the world is too small.  People come, people go, and then people come back.  We are all in the people business and it is sometimes better to bite your tongue and know that the right thing will happen if you take the right path.  </p><p>Don&rsquo;t just apply these parental sayings to your business. Take it a step further and ask yourself, "If I explained to my parents how I run my business, would they be proud? Would they be happy with how I treat others and why I take certain actions? How many times would I have to tell them, &lsquo;That&rsquo;s just how business is done.&rsquo;" If that isn&rsquo;t a happy conversation, maybe it&rsquo;s time to review how you&rsquo;re running the company.</p><p>Don&rsquo;t let how your company operates bring about probably the most feared parental wisdom of all, "I brought you into this world&hellip;I can take you out of it just as easily."</p><p>Note: One of the first employees at Beryl was my mom. But once we decided to move the company from California to Texas, she just wouldn&rsquo;t be uprooted from Santa Monica. So we had to let her go. But just from the company; she&rsquo;s got tenure as mom.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Mother-and-daughter-cooking_bkt_13904.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Essential lessons about life turned out to be lessons for business.</p><p>In my speaking engagements, I often get asked how I decided to focus on culture and employee engagement as the most important drivers for my business.  Did some event trigger this approach?  Did I work somewhere else and then decide that this is the way I wanted to do business?  The answer is neither.  Beryl has been my only gig (at least for the last 27 years).  I guess I just didn&rsquo;t know any better.</p><p>The credit goes to my mom and dad.</p><p>My parents are terrific people who managed to keep three boys from killing each other in a very rambunctious household. And while we may have battled as youngsters, the unifying values my parents instilled in us enabled my brothers and I to all go into business together and build a successful enterprise.  I&rsquo;m the only one still involved in the business, but the key principles remain the same. </p><p>Since we knew little to nothing about running a business and had no real professional experience, we decided to build our company on what we did know&hellip;and that is directly related to how we were brought up. And like many parents out there, ours had a few go-to sayings that ended up well beyond the Spiegelman house and directly in the culture of our business. Here are some of my favorites and why they&rsquo;ll be important to your success.</p><p>1. "Always Be Nice"  </p><p>It seems so simple, but I&rsquo;ll never forget my dad telling me that.  When I was a child and my dad would run into an old business colleague, that person would pull me aside and tell me that my dad was one of the nicest people he had ever met.  I always hoped people would say that about me one day. (And I'm still working on it.) Being nice and having kindness in your heart will get you through almost any situation.   </p><p>2. "Listen" </p><p>Stop telling people what you can do for them and listen to what they're saying they need from you. You can&rsquo;t learn what your customer needs (and what they will buy from you) if you&rsquo;re too busy talking about what you can give them.</p><p>3. "Eat Your Vegetables"</p><p>The same way it's good for you to plow through your vegetables as a kid, you'll find enormous benefits in reading to improve your business. Even the artichokes of business books. You can never read too much.</p><p>4. "Stop Picking Your Nose" </p><p>Be aware how you conduct yourself out in the world. People are watching you and your business. And not only should you avoid them catching you doing something questionable, don't do that questionable thing in the first place.</p><p>5.  "Smile" </p><p>I was the middle kid and the serious one growing up.   My mom always had to remind me to smile.  Now I&rsquo;ve written two books about smiling in business. </p><p>6. "Never Burn Bridges"</p><p>This was another one from my dad.  We all face situations in which we want to tell someone off or win a fight.  It isn&rsquo;t worth it.  Life is too short and the world is too small.  People come, people go, and then people come back.  We are all in the people business and it is sometimes better to bite your tongue and know that the right thing will happen if you take the right path.  </p><p>Don&rsquo;t just apply these parental sayings to your business. Take it a step further and ask yourself, "If I explained to my parents how I run my business, would they be proud? Would they be happy with how I treat others and why I take certain actions? How many times would I have to tell them, &lsquo;That&rsquo;s just how business is done.&rsquo;" If that isn&rsquo;t a happy conversation, maybe it&rsquo;s time to review how you&rsquo;re running the company.</p><p>Don&rsquo;t let how your company operates bring about probably the most feared parental wisdom of all, "I brought you into this world&hellip;I can take you out of it just as easily."</p><p>Note: One of the first employees at Beryl was my mom. But once we decided to move the company from California to Texas, she just wouldn&rsquo;t be uprooted from Santa Monica. So we had to let her go. But just from the company; she&rsquo;s got tenure as mom.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 10:35:00 -0500</pubDate>
			<dc:creator>Paul Spiegelman</dc:creator>
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				<media:title type="plain">6 Simple Business Truths From Mom</media:title>
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			<title>6 Secrets to a Successful Start-up</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/3T8cfeQ1_SU/6-secrets-to-a-successful-start-up.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_seedling-bkt_13954.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How do you know if your company will succeed? Venture capitalists give their perspectives on traits that define the best start-ups.</p><p><b>It's every entrepreneur's most pressing question:</b> Is this company going to make it?</p><p>All companies need to have the basics: a solid business model, a viable market, and a brilliant product or service. But the most important-- and unpredictable-- indicator of success is the entrepreneur. Do you have what it takes?</p><p>Despite the popularity of 25-year-old Internet entrepreneurs, there&rsquo;s no one template that guarantees greatness, says Rory O&rsquo;Driscoll, a managing director with San Francisco-based Scale Venture Partners. "I've seen a 25-year-old serial entrepreneur run great a company and I&rsquo;ve seen a 45-year-old with no entrepreneurial experience also run a great company," he says. "But there are certainly commonalities between those whose companies are successful."</p><p>Here, O&rsquo;Driscoll and some of his colleagues in the venture capital world share their perspectives on the less tangible elements of start-up success.</p><p><b>1. Be flexible. Always. </b>This encompasses both flexibility in your business goals and personal flexibility, which some entrepreneurs find harder to achieve. Could your company pivot easily if necessary? Could you adjust to new circumstances? More importantly, are you willing to alter your personal start-up dream if it doesn't match reality?</p><p>"Most business ideas fail,&rdquo; says Bryan Roberts, a partner in the Palo Alto-based venture capital firm Venrock. "The successful companies are the ones that can take that initial idea and morph it one, two, or three times into a better version."</p><p>Fab.com provides one of the better-known recent examples of a successful pivot. The company, originally called Fabulius.com, was launched as a social network for the gay community. But the founders struggled to get a critical mass of users. After closing the site for three months in early 2011, they launched an entirely new company: Fab.com, a flash sales site featuring housewares from independent designers. Today, the company is valued at $100 million, has over 1.5 million users, and has raised $40 million in venture capital.</p><p>Your personal flexibility &ndash; or lack thereof &ndash; may be on display earlier, and more often, than you suspect. Venture capitalist Kathleen Utecht, of New York-based Comcast Ventures, recalls a recent pitch meeting in which an entrepreneur's first few slides were sharing information she already knew. "I knew what slide two, three, and four were going to say, so I asked him to move to slide five so we could learn what his product was actually about," she says. "He refused. He had this rigid idea of how his presentation should go. Huge red flag. How can I trust that you will evolve the company if you can't even re-order your presentation?"</p><p><b>2. Hire for work ethic, not just intellect.</b> "Hiring someone smarter than you is always good advice, but I think leaders of successful companies also hire people who work harder than themselves," says<b> </b>Don Rainey, a General Partner with Virginia-based Grotech Ventures.</p><p>The entrepreneur is usually the first person in and the last to leave, Rainey says. Hiring other people who can match that passion can help give a young company the boost it needs. "I often see companies that [need to hire too many people] because they have to make up for the lack of work ethic in their existing employees," Rainey says. "Only hire people willing to roll up their sleeves with you."</p><p><b>3. Entrepreneur, know thyself</b>. "Every successful entrepreneur or CEO whom I've met has been resoundingly and uniquely self-aware," says Rainey. "It matters because it's the key trait for a team building. They're aware of their weaknesses, and they create a team that fills in the blanks."</p><p>That's been one of the keys to success for 'wichcraft, a New York-based gourmet sandwich shop. Jeffrey Zurofsky and Sisha Ortuza founded the first shop in 2003 (with celeb chef Tom Colicchio as a third, silent partner). They now own more than a dozen 'wichcraft stores. The duo often speaks at entrepreneurial conferences about their unique partnership: Zurofsky is fast-talking and likes to take risks, while Ortuza is pensive and cautious. </p><p>"We are opposites. Every decision is considered from both sides," said Ortuza at a recent conference in his native Santiago, Chile. When the company was looking to open its first West coast location a few years ago, Zurofsky was ready to jump in as soon as they were able. Ortuza&rsquo;s gut instinct was to first look at the mistakes they had made with the first location, including some supply-chain management misteps, so they could avoid them the second time around.</p><p>In the end, the duo decided to go forward with the expansion, and were better prepared than they would have been if Zurofsky had acted on his own. &ldquo;We make better decisions for the business together than we ever would individually,&rdquo; said Ortuza. &ldquo;We each know our strengths and weaknesses.&rdquo;</p><p><b>4. Willingness to restructure your team.</b> While having a strong team is important, the line-up of that team can -- and often should -- change as the company grows.</p><p>"There's a difference between running a $1 million, $10 million and $100 million business. Each stage needs a different team with an emphasis on different skills," says Utecht. "When a leader can look at the team and make the--sometimes very hard--decision to restructure, it's an amazing thing for the company."</p><p>Even successful companies sometimes need to rethink their leadership teams and their reporting structure. In December, Facebook made headlines for a massive corporate restructuring. According to reports, the company, which was gearing up for its initial public offering, needed to bring more focus to their new priorities: mobile ads, product, and engineering. Their new structure reportedly requires each of Facebook&rsquo;s top dogs (including chief technology officer Bret Taylor and vice president of product Chris Cox) to give progress reports directly to Mark Zuckerberg&mdash;whereas they previously did not have to. </p><p><b>5. Trust the customer.</b> "A lot of times, a startup will create a product for an initial group of customers who love it, but then they discover the rest of the world hates it, and they won't change it," says Roberts. "Great companies listen to customer feedback." Even negative customer feedback should always lead to action: Entrepreneurs should either fix the product or rethink their target market.</p><p>Rachel Shechtman bases the entire direction of her brick-and-mortar store, called Story, on customer feedback. "The future of retail will be less about consumption and more about community," she says. Her customers help her find under-the-radar products and contribute to one of the store&rsquo;s most unique features &ndash; a &lsquo;theme&rsquo; that changes every four to six weeks. With each new theme, the store reinvents itself &ndash; new inventory, new look, everything. The first iteration sold products made by startups. In February, Story is selling love-themed products.</p><p><b>6. Have a slightly delusional passion&mdash;one that has nothing to do with money. </b>True entrepreneurs are never driven solely by money, says Utecht. Instead, she says,<b> </b>"I like to see entrepreneurs who are slightly delusional about their companies. Delusional in a way that means they won't quit. They have to be reasonable enough to take feedback and be flexible, but none of that should shake their drive to create." It&rsquo;s a difficult balance to strike, and just one of many necessary for entrepreneurial success.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/02102012_seedling-bkt_13954.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>How do you know if your company will succeed? Venture capitalists give their perspectives on traits that define the best start-ups.</p><p><b>It's every entrepreneur's most pressing question:</b> Is this company going to make it?</p><p>All companies need to have the basics: a solid business model, a viable market, and a brilliant product or service. But the most important-- and unpredictable-- indicator of success is the entrepreneur. Do you have what it takes?</p><p>Despite the popularity of 25-year-old Internet entrepreneurs, there&rsquo;s no one template that guarantees greatness, says Rory O&rsquo;Driscoll, a managing director with San Francisco-based Scale Venture Partners. "I've seen a 25-year-old serial entrepreneur run great a company and I&rsquo;ve seen a 45-year-old with no entrepreneurial experience also run a great company," he says. "But there are certainly commonalities between those whose companies are successful."</p><p>Here, O&rsquo;Driscoll and some of his colleagues in the venture capital world share their perspectives on the less tangible elements of start-up success.</p><p><b>1. Be flexible. Always. </b>This encompasses both flexibility in your business goals and personal flexibility, which some entrepreneurs find harder to achieve. Could your company pivot easily if necessary? Could you adjust to new circumstances? More importantly, are you willing to alter your personal start-up dream if it doesn't match reality?</p><p>"Most business ideas fail,&rdquo; says Bryan Roberts, a partner in the Palo Alto-based venture capital firm Venrock. "The successful companies are the ones that can take that initial idea and morph it one, two, or three times into a better version."</p><p>Fab.com provides one of the better-known recent examples of a successful pivot. The company, originally called Fabulius.com, was launched as a social network for the gay community. But the founders struggled to get a critical mass of users. After closing the site for three months in early 2011, they launched an entirely new company: Fab.com, a flash sales site featuring housewares from independent designers. Today, the company is valued at $100 million, has over 1.5 million users, and has raised $40 million in venture capital.</p><p>Your personal flexibility &ndash; or lack thereof &ndash; may be on display earlier, and more often, than you suspect. Venture capitalist Kathleen Utecht, of New York-based Comcast Ventures, recalls a recent pitch meeting in which an entrepreneur's first few slides were sharing information she already knew. "I knew what slide two, three, and four were going to say, so I asked him to move to slide five so we could learn what his product was actually about," she says. "He refused. He had this rigid idea of how his presentation should go. Huge red flag. How can I trust that you will evolve the company if you can't even re-order your presentation?"</p><p><b>2. Hire for work ethic, not just intellect.</b> "Hiring someone smarter than you is always good advice, but I think leaders of successful companies also hire people who work harder than themselves," says<b> </b>Don Rainey, a General Partner with Virginia-based Grotech Ventures.</p><p>The entrepreneur is usually the first person in and the last to leave, Rainey says. Hiring other people who can match that passion can help give a young company the boost it needs. "I often see companies that [need to hire too many people] because they have to make up for the lack of work ethic in their existing employees," Rainey says. "Only hire people willing to roll up their sleeves with you."</p><p><b>3. Entrepreneur, know thyself</b>. "Every successful entrepreneur or CEO whom I've met has been resoundingly and uniquely self-aware," says Rainey. "It matters because it's the key trait for a team building. They're aware of their weaknesses, and they create a team that fills in the blanks."</p><p>That's been one of the keys to success for 'wichcraft, a New York-based gourmet sandwich shop. Jeffrey Zurofsky and Sisha Ortuza founded the first shop in 2003 (with celeb chef Tom Colicchio as a third, silent partner). They now own more than a dozen 'wichcraft stores. The duo often speaks at entrepreneurial conferences about their unique partnership: Zurofsky is fast-talking and likes to take risks, while Ortuza is pensive and cautious. </p><p>"We are opposites. Every decision is considered from both sides," said Ortuza at a recent conference in his native Santiago, Chile. When the company was looking to open its first West coast location a few years ago, Zurofsky was ready to jump in as soon as they were able. Ortuza&rsquo;s gut instinct was to first look at the mistakes they had made with the first location, including some supply-chain management misteps, so they could avoid them the second time around.</p><p>In the end, the duo decided to go forward with the expansion, and were better prepared than they would have been if Zurofsky had acted on his own. &ldquo;We make better decisions for the business together than we ever would individually,&rdquo; said Ortuza. &ldquo;We each know our strengths and weaknesses.&rdquo;</p><p><b>4. Willingness to restructure your team.</b> While having a strong team is important, the line-up of that team can -- and often should -- change as the company grows.</p><p>"There's a difference between running a $1 million, $10 million and $100 million business. Each stage needs a different team with an emphasis on different skills," says Utecht. "When a leader can look at the team and make the--sometimes very hard--decision to restructure, it's an amazing thing for the company."</p><p>Even successful companies sometimes need to rethink their leadership teams and their reporting structure. In December, Facebook made headlines for a massive corporate restructuring. According to reports, the company, which was gearing up for its initial public offering, needed to bring more focus to their new priorities: mobile ads, product, and engineering. Their new structure reportedly requires each of Facebook&rsquo;s top dogs (including chief technology officer Bret Taylor and vice president of product Chris Cox) to give progress reports directly to Mark Zuckerberg&mdash;whereas they previously did not have to. </p><p><b>5. Trust the customer.</b> "A lot of times, a startup will create a product for an initial group of customers who love it, but then they discover the rest of the world hates it, and they won't change it," says Roberts. "Great companies listen to customer feedback." Even negative customer feedback should always lead to action: Entrepreneurs should either fix the product or rethink their target market.</p><p>Rachel Shechtman bases the entire direction of her brick-and-mortar store, called Story, on customer feedback. "The future of retail will be less about consumption and more about community," she says. Her customers help her find under-the-radar products and contribute to one of the store&rsquo;s most unique features &ndash; a &lsquo;theme&rsquo; that changes every four to six weeks. With each new theme, the store reinvents itself &ndash; new inventory, new look, everything. The first iteration sold products made by startups. In February, Story is selling love-themed products.</p><p><b>6. Have a slightly delusional passion&mdash;one that has nothing to do with money. </b>True entrepreneurs are never driven solely by money, says Utecht. Instead, she says,<b> </b>"I like to see entrepreneurs who are slightly delusional about their companies. Delusional in a way that means they won't quit. They have to be reasonable enough to take feedback and be flexible, but none of that should shake their drive to create." It&rsquo;s a difficult balance to strike, and just one of many necessary for entrepreneurial success.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 10:24:00 -0500</pubDate>
			<dc:creator>Nicole Carter</dc:creator>
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			<pubDate>Wed, 08 Feb 2012 10:24:00 -0500</pubDate>
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			<title>3 Steps to Build Your Business Up by Tearing it Down</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/odhvR7m2_1s/3-steps-to-build-your-business-up-by-tearing-it-down.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/destroy-bucket_13901.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Sometimes the best way to keep your business growing is to analyze what would bring it to an end.</p><p><b>Judge Smails (aka Ted Knight)</b> once famously quipped in the iconic Caddyshack, "It's easy to grin when your ship comes in and you've got the stock market beat. But the man worthwhile is the man who can smile when his shorts are too tight in the seat."</p><p>There is a great deal of truth in the movies, even in zany comedies, if you really listen to what they have to say.</p><p>In the end, Judge Smails was right. It&rsquo;s easy to sit back, relax, and congratulate yourself on a job well-done when everything is going right. Sales are up? Great. Marketing is driving business to you? Fantastic. Things have never been better. Wonderful. However, when your company&rsquo;s ship comes in don&rsquo;t just sit there and take it all in. Sure, enjoy it. But while you are enjoying it it is imperative to take some initiative, prepare for the future, and make your business better by trying to envision ways it could be torn down. In short, prepare for when your pants are too tight in the seat.</p><p>Many businesses have now adopted what they call a Legion of Doom: a division within the company that looks for ways to take down the business from within. Those selected then report their findings so that the company may determine what, if any, of the forces could actually manifest themselves realistically thus leading to the demise of the business as they know it. Once this real-life role playing is in effect, it can truly help you to insulate your business by creating systems to address these potential threats well in advance of when they may occur.</p><p>Yet you don&rsquo;t have to be a Fortune 500 company to institute such a plan. Even small to medium-sized businesses can utilize this form of preemptive strike planning. Depending upon the size of your organization, the role of the company slayer can either be played by one individual or teams of persons tasked with various challenges that could possibly bring the company down. Heck, for a little extra fun incentivize the same. For instance, whoever can come up with the most plausible doomsday scenario wins a prize.</p><p>Then, when you are ready, use these general guides to begin your quest of taking your company down:<b></b></p><p><b>1. Competition </b><b>&ndash; </b>If you were your own best competitor, what would you do to steal all of your business? Dramatic price war? Advertising blitz touting better quality goods or services? Figure out what you, as a business, would be most fearful of your chief competitor doing to drive you out of business.</p><p><b>2. </b><b>Technology and Infrastructure &ndash; </b>What would happen if your primary database got hacked tonight and all of your client lists were stolen? Or perhaps a massive computer virus shuts down your entire network for weeks. Could your phone system suddenly stop working? If you are an Internet-based business what would happen if your web site went down? Suppose your internet host suddenly goes out of business? Also, let&rsquo;s not forget about the disasters that could occur before the dot com era. What if your building flooded? How about a massive fire that takes out your primary office. What would you do?</p><p><b>3. </b><b>Wild Cards &ndash; </b>Of course let&rsquo;s not forget about the wild cards. For every business these will differ widely. But how about a rogue employee pilfering trade secret information and passing it on to a competitor. If you rely on venders, what would happen if your primary line of credit or business credit cards were shut down? How about if the bank that you use shut down tomorrow&hellip; how would you make payroll? What is your contingency plan of action?</p><p>Once you have assembled a list of all the ways your business could be adversely affected by these doomsday scenarios, rank them in order of importance and/or possibility that they could actually occur. Thereafter, set out to address and develop contingency plans for every threat. Along the way you may see better ways to run your business and, most certainly, you will see ways to insulate against disaster.</p><p>So take the time to make your company better while its ship is coming in. Make Judge Smails proud and, as the old naval aviator&rsquo;s saying goes, hope for the best but prepare for the worst.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/destroy-bucket_13901.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Sometimes the best way to keep your business growing is to analyze what would bring it to an end.</p><p><b>Judge Smails (aka Ted Knight)</b> once famously quipped in the iconic Caddyshack, "It's easy to grin when your ship comes in and you've got the stock market beat. But the man worthwhile is the man who can smile when his shorts are too tight in the seat."</p><p>There is a great deal of truth in the movies, even in zany comedies, if you really listen to what they have to say.</p><p>In the end, Judge Smails was right. It&rsquo;s easy to sit back, relax, and congratulate yourself on a job well-done when everything is going right. Sales are up? Great. Marketing is driving business to you? Fantastic. Things have never been better. Wonderful. However, when your company&rsquo;s ship comes in don&rsquo;t just sit there and take it all in. Sure, enjoy it. But while you are enjoying it it is imperative to take some initiative, prepare for the future, and make your business better by trying to envision ways it could be torn down. In short, prepare for when your pants are too tight in the seat.</p><p>Many businesses have now adopted what they call a Legion of Doom: a division within the company that looks for ways to take down the business from within. Those selected then report their findings so that the company may determine what, if any, of the forces could actually manifest themselves realistically thus leading to the demise of the business as they know it. Once this real-life role playing is in effect, it can truly help you to insulate your business by creating systems to address these potential threats well in advance of when they may occur.</p><p>Yet you don&rsquo;t have to be a Fortune 500 company to institute such a plan. Even small to medium-sized businesses can utilize this form of preemptive strike planning. Depending upon the size of your organization, the role of the company slayer can either be played by one individual or teams of persons tasked with various challenges that could possibly bring the company down. Heck, for a little extra fun incentivize the same. For instance, whoever can come up with the most plausible doomsday scenario wins a prize.</p><p>Then, when you are ready, use these general guides to begin your quest of taking your company down:<b></b></p><p><b>1. Competition </b><b>&ndash; </b>If you were your own best competitor, what would you do to steal all of your business? Dramatic price war? Advertising blitz touting better quality goods or services? Figure out what you, as a business, would be most fearful of your chief competitor doing to drive you out of business.</p><p><b>2. </b><b>Technology and Infrastructure &ndash; </b>What would happen if your primary database got hacked tonight and all of your client lists were stolen? Or perhaps a massive computer virus shuts down your entire network for weeks. Could your phone system suddenly stop working? If you are an Internet-based business what would happen if your web site went down? Suppose your internet host suddenly goes out of business? Also, let&rsquo;s not forget about the disasters that could occur before the dot com era. What if your building flooded? How about a massive fire that takes out your primary office. What would you do?</p><p><b>3. </b><b>Wild Cards &ndash; </b>Of course let&rsquo;s not forget about the wild cards. For every business these will differ widely. But how about a rogue employee pilfering trade secret information and passing it on to a competitor. If you rely on venders, what would happen if your primary line of credit or business credit cards were shut down? How about if the bank that you use shut down tomorrow&hellip; how would you make payroll? What is your contingency plan of action?</p><p>Once you have assembled a list of all the ways your business could be adversely affected by these doomsday scenarios, rank them in order of importance and/or possibility that they could actually occur. Thereafter, set out to address and develop contingency plans for every threat. Along the way you may see better ways to run your business and, most certainly, you will see ways to insulate against disaster.</p><p>So take the time to make your company better while its ship is coming in. Make Judge Smails proud and, as the old naval aviator&rsquo;s saying goes, hope for the best but prepare for the worst.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 10:20:49 -0500</pubDate>
			<dc:creator>Matthew Swyers</dc:creator>
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				<media:title type="plain">3 Steps to Build Your Business Up by Tearing it Down</media:title>
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			<title>Why You Need a Personal Attorney--Now</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/YZ8-OsgNlmA/why-you-need-a-personal-attorney.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/yikes-bucket_13900.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your corporate attorney represents your company, not you. If you get in a spat with your partner, your board, or an investor, the difference will become painfully clear.</p><p>When you start a company, one of your key advisors will be the corporate attorney who helps set things up. In Silicon Valley, the process feels all but automated: Hit the &ldquo;New Company&rdquo; button on your computer, and get a mountain of standardized documents in return. Most entrepreneurs, eager to get down to the real work of building a business, sign off without too much thought. The paperwork ends up in a drawer or a safe deposit box, rarely touched and almost entirely forgotten. </p><p>If you are lucky, as I was, your corporate attorney will be fantastic. My attorney helped me navigate deals with overseas customers and strategic partners, teaching me the ins and outs of good and bad agreements. He was both mentor and cheerleader, and I trusted him implicitly. He showed up at board meetings, recorded the corporate minutes, and kept us from doing anything stupid.</p><p>But he was not my attorney. He was the attorney for my company. This might seem like an irrelevant detail, but don&rsquo;t be fooled. Once investors enter the picture and join your board, the fact that the company attorney is not your attorney becomes a lot more than a mere technicality. Should things go south between you and your board, the corporate attorney will quite literally not be able to speak with you. You&rsquo;ll be on your own.</p><p>That&rsquo;s just one reason you need a personal employment attorney, sooner rather than later. You&rsquo;re more likely to find your attorney in a boutique law firm, because big law firms would have too many conflicts of interest with the big employers they also represent.</p><p>Here&rsquo;s what a personal attorney can do for you, long before either you or your board are looking at an exit.</p><p><b>Improve those boilerplate corporate documents. </b>At your company&rsquo;s inception, you have the opportunity to revise the standard documents and to make them work for you. In Silicon Valley, the assumption is that everyone wants venture financing. So most standard-issue documents are written to be as &ldquo;vanilla&rdquo; as possible, helping investments go smoothly. However, you may not be planning on venture financing, so make sure the incorporation documents apply to you, not just the &lsquo;average&rsquo; founder. A personal attorney can look out for the interests of you and your family by making sure the documents address situations of disability and death, which are often ignored by the standard paperwork.</p><p><b>Get business relationships and commitments clear and crisp up front.</b> I&rsquo;ve seen countless entrepreneurs work really hard to develop a business plan with a partner only to be left out in the cold at a later date. Sometimes an investor only wants to back one of multiple partners. It&rsquo;s never a pretty scene. A personal attorney can make sure your agreements cover this type of situation, and others. That way, when emotions are running high, there is a clear resolution.</p><p><b>Negotiate an employment contract.</b> If you&rsquo;ve been an &ldquo;at-will&rdquo; employee your entire career, this will seem unfamiliar and a bit daunting, but a good attorney can help. Needless to say, it&rsquo;s easier to do this when everything is going well.</p><p>An employment agreement not only spells out your compensation, but also details what happens when you leave the company. This is hugely important, and not just about cash. There may be equity in multiple forms, health insurance or compensation for health insurance, and protections against disparagement.</p><p>A good attorney will know what the current trends are in employment agreements, so he or she will know what you can reasonably ask for. An attorney will also explain the risks and consequences of different options, including the tax consequences. For example, when you leave your company, you might receive health insurance coverage for a year or more, or you might get cash so you could buy insurance yourself. But what if the company goes out of business? What are the tax consequences? See why you need an attorney?</p><p><b>Exit.</b> Yes, your attorney will help you if you get kicked out of your company. But if your company is sold, it&rsquo;s not uncommon for an entire management team to hire a single attorney to represent the group. There are all kinds of retention bonuses &ndash; above and beyond the mere sale of stock &ndash; that the acquirer might be able to offer to key employees. An attorney can help you make the most of them.</p><p>If you don&rsquo;t have a personal attorney and find yourself in a bind, all is not lost. These folks seem accustomed to emergencies. Bring your corporate documents to them, even if you don&rsquo;t have an employment agreement. They may still be able to help. You need someone in your corner!</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/yikes-bucket_13900.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your corporate attorney represents your company, not you. If you get in a spat with your partner, your board, or an investor, the difference will become painfully clear.</p><p>When you start a company, one of your key advisors will be the corporate attorney who helps set things up. In Silicon Valley, the process feels all but automated: Hit the &ldquo;New Company&rdquo; button on your computer, and get a mountain of standardized documents in return. Most entrepreneurs, eager to get down to the real work of building a business, sign off without too much thought. The paperwork ends up in a drawer or a safe deposit box, rarely touched and almost entirely forgotten. </p><p>If you are lucky, as I was, your corporate attorney will be fantastic. My attorney helped me navigate deals with overseas customers and strategic partners, teaching me the ins and outs of good and bad agreements. He was both mentor and cheerleader, and I trusted him implicitly. He showed up at board meetings, recorded the corporate minutes, and kept us from doing anything stupid.</p><p>But he was not my attorney. He was the attorney for my company. This might seem like an irrelevant detail, but don&rsquo;t be fooled. Once investors enter the picture and join your board, the fact that the company attorney is not your attorney becomes a lot more than a mere technicality. Should things go south between you and your board, the corporate attorney will quite literally not be able to speak with you. You&rsquo;ll be on your own.</p><p>That&rsquo;s just one reason you need a personal employment attorney, sooner rather than later. You&rsquo;re more likely to find your attorney in a boutique law firm, because big law firms would have too many conflicts of interest with the big employers they also represent.</p><p>Here&rsquo;s what a personal attorney can do for you, long before either you or your board are looking at an exit.</p><p><b>Improve those boilerplate corporate documents. </b>At your company&rsquo;s inception, you have the opportunity to revise the standard documents and to make them work for you. In Silicon Valley, the assumption is that everyone wants venture financing. So most standard-issue documents are written to be as &ldquo;vanilla&rdquo; as possible, helping investments go smoothly. However, you may not be planning on venture financing, so make sure the incorporation documents apply to you, not just the &lsquo;average&rsquo; founder. A personal attorney can look out for the interests of you and your family by making sure the documents address situations of disability and death, which are often ignored by the standard paperwork.</p><p><b>Get business relationships and commitments clear and crisp up front.</b> I&rsquo;ve seen countless entrepreneurs work really hard to develop a business plan with a partner only to be left out in the cold at a later date. Sometimes an investor only wants to back one of multiple partners. It&rsquo;s never a pretty scene. A personal attorney can make sure your agreements cover this type of situation, and others. That way, when emotions are running high, there is a clear resolution.</p><p><b>Negotiate an employment contract.</b> If you&rsquo;ve been an &ldquo;at-will&rdquo; employee your entire career, this will seem unfamiliar and a bit daunting, but a good attorney can help. Needless to say, it&rsquo;s easier to do this when everything is going well.</p><p>An employment agreement not only spells out your compensation, but also details what happens when you leave the company. This is hugely important, and not just about cash. There may be equity in multiple forms, health insurance or compensation for health insurance, and protections against disparagement.</p><p>A good attorney will know what the current trends are in employment agreements, so he or she will know what you can reasonably ask for. An attorney will also explain the risks and consequences of different options, including the tax consequences. For example, when you leave your company, you might receive health insurance coverage for a year or more, or you might get cash so you could buy insurance yourself. But what if the company goes out of business? What are the tax consequences? See why you need an attorney?</p><p><b>Exit.</b> Yes, your attorney will help you if you get kicked out of your company. But if your company is sold, it&rsquo;s not uncommon for an entire management team to hire a single attorney to represent the group. There are all kinds of retention bonuses &ndash; above and beyond the mere sale of stock &ndash; that the acquirer might be able to offer to key employees. An attorney can help you make the most of them.</p><p>If you don&rsquo;t have a personal attorney and find yourself in a bind, all is not lost. These folks seem accustomed to emergencies. Bring your corporate documents to them, even if you don&rsquo;t have an employment agreement. They may still be able to help. You need someone in your corner!</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 10:13:00 -0500</pubDate>
			<dc:creator>Laura Smoliar</dc:creator>
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				<media:title type="plain">Why You Need a Personal Attorney--Now</media:title>
			</media:content>
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			<title>6 Steps to Define Your 'True North'</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/2BChY6loPHQ/6-steps-to-define-your-true-north.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/true-north-bucket_13898.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Identifying your businesss one true objective will provide a strong foundation for all strategic decision-making.</p><p><b>A few years ago we worked</b> with the new CEO of a consumer packaged goods (CPG) company. He saw a lack of alignment amongst his new management team around the corporation&rsquo;s goals and strategic direction. We worked with him to define the company&rsquo;s one true objective and then to embed it within the organization. We came away from this work with a strong appreciation for aligning an organization around what we call its 'True North."</p><p>What do we mean by True North? A company continually faces fork-in-the-road alternatives; True North is a decision-making tool the management team can use to choose their path forward. Said differently, True North is a "break all ties" governing objective for how the company should operate.</p><p>A company&rsquo;s True North objective might be one of the following:</p><ul><li>deliver double-digit returns to our investors</li></ul><ul><li>provide the best customer service in our industry</li></ul><ul><li>have the lowest-cost operations</li></ul><ul><li>grow volumes at double-digit rates</li></ul><ul><li>balance the needs of our stakeholders and serve all of them to the best of our ability</li></ul><p>Our client chose &ldquo;deliver double-digit returns to our investors&rdquo; as its True North. (Note:  We are big fans of management teams with a governing objective around maximizing returns to investors. In our <a href="http://www.inc.com/karl-and-bill/how-to-build-long-term-shareholder-value.html" target="_blank">view</a>, a management team must serve all its stakeholders well in order to maximize investor returns.)</p><p><b>6 Steps to Finding Your True North</b></p><p>We took our client through a six-step process to define and embed their True North:</p><p><b>Step 1:</b>  <b>Develop several potential True North statements</b>; these should be simple yet crystal clear statements of the company&rsquo;s governing objective.</p><p><b>Step 2:</b>  <b>Align as a management team</b> on the right True North for the business.</p><p><b>Step 3:</b>  <b>Perform an honest assessment</b> of how the company has performed in recent years against the chosen True North; understand and break down the potential barriers to embedding it into the company&rsquo;s DNA moving forward.</p><p><b>Step 4:</b>  <b>Communicate, communicate, communicate!</b>  Everyone in the organization should be able to recite the True North statement in their sleep and know how to apply it in their daily lives.</p><p><b>Step 5:</b>  <b>Improve information flows</b>, so that everyone in the business has the information they need to make decisions that achieve the True North objective.</p><p><b>Step 6:  Walk the Walk.  </b>As the leader, you need to make sure tough decisions are made quickly according to the True North objective. Look for opportunities to shake up old organizational behaviors not aligned with True North. Test the organization&rsquo;s commitment to True North early and often so you can shape the business to your desired behaviors.</p><p>Be defining and embedding his team&rsquo;s True North objective into the organization, the CEO was able to make a number of tough business decisions quickly, including acquisition and divestiture decisions, new market entry, and expansion within existing markets.</p><p>Do you and your organization have a True North? How well are you and your team aligned around it? By following the steps outlined above you may be able to more easily rally the business around your chosen path forward.</p><br clear="both" style="clear: both;"/>
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<a href="http://ads.pheedo.com/click.phdo?s=ade677ffad78b6540fa5ac8871b434c9&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=ade677ffad78b6540fa5ac8871b434c9&p=1"/></a>
<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/true-north-bucket_13898.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Identifying your businesss one true objective will provide a strong foundation for all strategic decision-making.</p><p><b>A few years ago we worked</b> with the new CEO of a consumer packaged goods (CPG) company. He saw a lack of alignment amongst his new management team around the corporation&rsquo;s goals and strategic direction. We worked with him to define the company&rsquo;s one true objective and then to embed it within the organization. We came away from this work with a strong appreciation for aligning an organization around what we call its 'True North."</p><p>What do we mean by True North? A company continually faces fork-in-the-road alternatives; True North is a decision-making tool the management team can use to choose their path forward. Said differently, True North is a "break all ties" governing objective for how the company should operate.</p><p>A company&rsquo;s True North objective might be one of the following:</p><ul><li>deliver double-digit returns to our investors</li></ul><ul><li>provide the best customer service in our industry</li></ul><ul><li>have the lowest-cost operations</li></ul><ul><li>grow volumes at double-digit rates</li></ul><ul><li>balance the needs of our stakeholders and serve all of them to the best of our ability</li></ul><p>Our client chose &ldquo;deliver double-digit returns to our investors&rdquo; as its True North. (Note:  We are big fans of management teams with a governing objective around maximizing returns to investors. In our <a href="http://www.inc.com/karl-and-bill/how-to-build-long-term-shareholder-value.html" target="_blank">view</a>, a management team must serve all its stakeholders well in order to maximize investor returns.)</p><p><b>6 Steps to Finding Your True North</b></p><p>We took our client through a six-step process to define and embed their True North:</p><p><b>Step 1:</b>  <b>Develop several potential True North statements</b>; these should be simple yet crystal clear statements of the company&rsquo;s governing objective.</p><p><b>Step 2:</b>  <b>Align as a management team</b> on the right True North for the business.</p><p><b>Step 3:</b>  <b>Perform an honest assessment</b> of how the company has performed in recent years against the chosen True North; understand and break down the potential barriers to embedding it into the company&rsquo;s DNA moving forward.</p><p><b>Step 4:</b>  <b>Communicate, communicate, communicate!</b>  Everyone in the organization should be able to recite the True North statement in their sleep and know how to apply it in their daily lives.</p><p><b>Step 5:</b>  <b>Improve information flows</b>, so that everyone in the business has the information they need to make decisions that achieve the True North objective.</p><p><b>Step 6:  Walk the Walk.  </b>As the leader, you need to make sure tough decisions are made quickly according to the True North objective. Look for opportunities to shake up old organizational behaviors not aligned with True North. Test the organization&rsquo;s commitment to True North early and often so you can shape the business to your desired behaviors.</p><p>Be defining and embedding his team&rsquo;s True North objective into the organization, the CEO was able to make a number of tough business decisions quickly, including acquisition and divestiture decisions, new market entry, and expansion within existing markets.</p><p>Do you and your organization have a True North? How well are you and your team aligned around it? By following the steps outlined above you may be able to more easily rally the business around your chosen path forward.</p><br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 09:45:38 -0500</pubDate>
			<dc:creator>Karl Stark and Bill Stewart</dc:creator>
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				<media:title type="plain">6 Steps to Define Your 'True North'</media:title>
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			<title>Want to Expand Your Business? Enter the Fab.com Economy</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/oZ5F9ZDWHGw/bradford-shellhammer-jason-goldberg-fab-economy.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/fab-bkt_13588.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Fast-growing Fab.com joins the expanding list of flash sales sites that are putting the spotlight on small designers.</p>Need to Grow Your Business? Enter the Fab.com EconomyFast-growing Fab.com joins an expanding list of flash sales sites that are putting the spotlight on small designers-- and helping them turn a hobby into a business.<p>***</p><p><b>It's the overnight</b> success story heard 'round the start-up world: In June 2011, serial entrepreneur Jason Goldberg and interior designer Bradford Shane Shellhammer relaunched their struggling social network as Fab.com, a flash sales site promoting housewares from indie designers. Fast forward six months, and Fab was valued at $100 million, had 2 million users, and had raised $50 million in venture capital.</p><p>But there's another success story here-- that of the independent designer.</p><p>From Etsy to Quirky, Fab joins a growing list of retail sites that use their massive memberships to give visibility to relatively unknown artisans and designers.</p><p>"We scour flea markets and talk to designers who know designers to get our products," says Shellhammer. "It's a very organic process, which gives us authenticity and gives the designer a launching pad."</p><p>A Fab sale, typically three days long, can put a product in front of millions of potential customers. It also has the potential to show off that same product to buyers from big-name buyers and merchandisers.</p><p>"The Walmarts of the world have created a sea of sameness for the consumer," says Paco Underhill, a retail analyst and the author of Why We Buy: The Science of Shopping. "Now, there's this layer of online retailers-- like Fab and Etsy-- popping up underneath the big guys that are bringing something different to the market.&rdquo;</p><p>For some designers and crafters, that &ldquo;something&rdquo; can be enough exposure to turn a hobby into a booming business.</p><p><b>Jennifer Murse, owner of Plastique</b>, says she was approached by the guys to sell her architecturally inspired jewelry in one of their earliest sales after their pivot. "I was skeptical that this would work," she adds.</p><p>She was impressed with the volume of sales ("About a month's worth in a few days," she says), but she was even more impressed when Barney's called a month later.</p><p>"Barney's wanted to have me design something for the holiday Lady Ga Ga Workshop," the New York-based designer says. "The buyer told me she saw my line on Fab.com. I typically sell through boutiques, but this flash sales avenue really got me some exposure." Murse&rsquo;s custom GaGa rings sold out at the Barney's Workshop, allowing her to position Plastique as a higher-end brand.</p><p>Mj Barton, owner of Electric Picks Rock Jewelry, had similar success through the site. In November, Fab featured a few of her signature guitar pick bracelets. A day later, fast-fashion retailer Urban Outfitters emailed her about selling her jewelry in their retail stores.</p><p>"I was blown away. Urban has such a big retail presence," Barton says. "They asked me to send in samples, and within a week we came up with three exclusive bracelets for them. They wanted them on their site before the Christmas rush, so it all happened so quickly." </p><p>Los Angeles-based designer Joey Roth,<b> </b>whose products are already sold in Anthropologie and on Amazon, didn't necessarily need to be discovered. But he certainly appreciates the volume a Fab sale can deliver. In his first Fab sale, the designer says that he sold over 200 of his sleek, hand-made $495 ceramic speakers. Says Roth: "That's typically what sells in two months."</p><p> </p><p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/fab-bkt_13588.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Fast-growing Fab.com joins the expanding list of flash sales sites that are putting the spotlight on small designers.</p>Need to Grow Your Business? Enter the Fab.com EconomyFast-growing Fab.com joins an expanding list of flash sales sites that are putting the spotlight on small designers-- and helping them turn a hobby into a business.<p>***</p><p><b>It's the overnight</b> success story heard 'round the start-up world: In June 2011, serial entrepreneur Jason Goldberg and interior designer Bradford Shane Shellhammer relaunched their struggling social network as Fab.com, a flash sales site promoting housewares from indie designers. Fast forward six months, and Fab was valued at $100 million, had 2 million users, and had raised $50 million in venture capital.</p><p>But there's another success story here-- that of the independent designer.</p><p>From Etsy to Quirky, Fab joins a growing list of retail sites that use their massive memberships to give visibility to relatively unknown artisans and designers.</p><p>"We scour flea markets and talk to designers who know designers to get our products," says Shellhammer. "It's a very organic process, which gives us authenticity and gives the designer a launching pad."</p><p>A Fab sale, typically three days long, can put a product in front of millions of potential customers. It also has the potential to show off that same product to buyers from big-name buyers and merchandisers.</p><p>"The Walmarts of the world have created a sea of sameness for the consumer," says Paco Underhill, a retail analyst and the author of Why We Buy: The Science of Shopping. "Now, there's this layer of online retailers-- like Fab and Etsy-- popping up underneath the big guys that are bringing something different to the market.&rdquo;</p><p>For some designers and crafters, that &ldquo;something&rdquo; can be enough exposure to turn a hobby into a booming business.</p><p><b>Jennifer Murse, owner of Plastique</b>, says she was approached by the guys to sell her architecturally inspired jewelry in one of their earliest sales after their pivot. "I was skeptical that this would work," she adds.</p><p>She was impressed with the volume of sales ("About a month's worth in a few days," she says), but she was even more impressed when Barney's called a month later.</p><p>"Barney's wanted to have me design something for the holiday Lady Ga Ga Workshop," the New York-based designer says. "The buyer told me she saw my line on Fab.com. I typically sell through boutiques, but this flash sales avenue really got me some exposure." Murse&rsquo;s custom GaGa rings sold out at the Barney's Workshop, allowing her to position Plastique as a higher-end brand.</p><p>Mj Barton, owner of Electric Picks Rock Jewelry, had similar success through the site. In November, Fab featured a few of her signature guitar pick bracelets. A day later, fast-fashion retailer Urban Outfitters emailed her about selling her jewelry in their retail stores.</p><p>"I was blown away. Urban has such a big retail presence," Barton says. "They asked me to send in samples, and within a week we came up with three exclusive bracelets for them. They wanted them on their site before the Christmas rush, so it all happened so quickly." </p><p>Los Angeles-based designer Joey Roth,<b> </b>whose products are already sold in Anthropologie and on Amazon, didn't necessarily need to be discovered. But he certainly appreciates the volume a Fab sale can deliver. In his first Fab sale, the designer says that he sold over 200 of his sleek, hand-made $495 ceramic speakers. Says Roth: "That's typically what sells in two months."</p><p> </p><p><object type="application/x-shockwave-flash" id="embedded_player_664406694e9a0" name="embedded_player_664406694e9a0" width="512" height="313" data="http://service.twistage.com/plugins/player.swf"><br clear="both" style="clear: both;"/>
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</div><img src="http://feeds.feedburner.com/~r/inc/headlines/~4/oZ5F9ZDWHGw" height="1" width="1"/>]]></content:encoded>
			<pubDate>Wed, 08 Feb 2012 09:30:00 -0500</pubDate>
			<dc:creator>Andrew MacleanNicole Carter and </dc:creator>
			<enclosure url="http://www.inc.com/uploaded_files/image/fab-pano_13588.jpg" type="image/jpeg" length="133806" />
			<guid isPermaLink="false">http://www.inc.com/andrew-maclean-and-nicole-carter/bradford-shellhammer-jason-goldberg-fab-economy.html</guid>
			<media:content url="http://www.inc.com/uploaded_files/image/fab-pano_13588.jpg" type="image/jpeg">
				<media:title type="plain">Want to Expand Your Business? Enter the Fab.com Economy</media:title>
			</media:content>
		<feedburner:origLink>http://www.inc.com/andrew-maclean-and-nicole-carter/bradford-shellhammer-jason-goldberg-fab-economy.html</feedburner:origLink></item>
		<item>
			<title>How I Hire the World's Best Employees</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/a1pfXhQWGAo/how-to-recruit-and-hire-the-worlds-best-employees.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Soccer-players-cheering-with-trophy_bkt_13872.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>It's no secret that great people build great companies, so it's baffling that more companies don't treat recruiting as the most important job.</p><p><b>A five-piece mariachi band,</b> a cake with a hidden message, and more food than you'd believe, were all delivered to our office&mdash;resume in tow&mdash;in an attempt to help an applicant stand out from the other 2,000 monthly hopefuls who apply for a job here. People do crazy things like this because they, with all their hearts, want to work at Red Frog Events.</p><p>It's no secret that great people build great companies, so it's baffling to me that more companies don't treat recruitment as the single most important department. Red Frog has treated it this way from day one with spectacular results: We currently hire just one out of every 750 applicants.</p><p><b>How to attract great applicants:</b></p><li>Positive work culture. It's flat-out fun working at Red Frog. I work with 130 of the nicest, smartest, and most fun people I've ever met. The pure fun and excitement of an ordinary Red Frog day never gets old. New recruits notice.</li><li>Incredible benefits. Our benefits package includes unlimited vacation days (see <a href="http://www.inc.com/joe-reynolds/give-your-employees-unlimited-vacation-time.html">Give Your Employees Unlimited Vacation Days</a>), a sabbatical every five years, a 10 percent 401k match with no vesting schedule and many more great perks.</li><li>Office environment. We have an award-winning camp-themed office environment that includes a tree house (see <a href="http://www.inc.com/joe-reynolds/the-case-for-building-your-employees-a-tree-house.html">Your Employees Need a Treehouse</a>), zip-line and rock-climbing wall, among many other fun surprises. It makes coming to work exciting.</li><li>Heavy recruitment. We could simply let the applicants come to us, but we don't. Long lines and raw excitement to meet the Red Frog crew at nearly every job fair within six hours of Chicago is the norm.</li><p><b>How to interview them:</b></p><li>Resumes are mostly garbage. This completely deviates from status quo, but it works for us.  We look for nice-to-the-core, passionate people and a resume simply doesn&rsquo;t communicate that.  We just make sure the basics are in place and move on.</li><li>Cover letters. The cover letter is where passion shines. Our hires submitted passionately written cover letters.</li><li>Passion wins. The best employees, assuming some vitals are in place, are the most passionate ones.</li><li>Untraditional interviews. It kills me that businesses still ask standard interview questions. "What's your biggest weakness?" surely won't get you an answer of value when the answer has already been rehearsed. Get creative.</li><p><b>How to refine your process:</b></p><p>After the interview is over, don't stop interviewing. We hire people to a four-month contract position to evaluate how they perform in real situations, assess their cultural fit and see if they have a hint of jerk in them.  After four months, we've historically hired around 20 percent of those put on contract.</p><p>It works. We don't miss. Using these hiring practices, we've yet to have someone leave.</p><p>After 6,000 cover letters and four months, Alexa, Caitlyn, Emma, Liz, Makenzie, Matt, Megan, and Terry were hired last month. I already know they're some of the most passionate and talented people in the world.</p><p>Welcome to the family.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
<a href="http://ads.pheedo.com/click.phdo?s=cf7cb37e225d1175a2bb333d30201abf&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=cf7cb37e225d1175a2bb333d30201abf&p=1"/></a>
<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/Soccer-players-cheering-with-trophy_bkt_13872.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>It's no secret that great people build great companies, so it's baffling that more companies don't treat recruiting as the most important job.</p><p><b>A five-piece mariachi band,</b> a cake with a hidden message, and more food than you'd believe, were all delivered to our office&mdash;resume in tow&mdash;in an attempt to help an applicant stand out from the other 2,000 monthly hopefuls who apply for a job here. People do crazy things like this because they, with all their hearts, want to work at Red Frog Events.</p><p>It's no secret that great people build great companies, so it's baffling to me that more companies don't treat recruitment as the single most important department. Red Frog has treated it this way from day one with spectacular results: We currently hire just one out of every 750 applicants.</p><p><b>How to attract great applicants:</b></p><li>Positive work culture. It's flat-out fun working at Red Frog. I work with 130 of the nicest, smartest, and most fun people I've ever met. The pure fun and excitement of an ordinary Red Frog day never gets old. New recruits notice.</li><li>Incredible benefits. Our benefits package includes unlimited vacation days (see <a href="http://www.inc.com/joe-reynolds/give-your-employees-unlimited-vacation-time.html">Give Your Employees Unlimited Vacation Days</a>), a sabbatical every five years, a 10 percent 401k match with no vesting schedule and many more great perks.</li><li>Office environment. We have an award-winning camp-themed office environment that includes a tree house (see <a href="http://www.inc.com/joe-reynolds/the-case-for-building-your-employees-a-tree-house.html">Your Employees Need a Treehouse</a>), zip-line and rock-climbing wall, among many other fun surprises. It makes coming to work exciting.</li><li>Heavy recruitment. We could simply let the applicants come to us, but we don't. Long lines and raw excitement to meet the Red Frog crew at nearly every job fair within six hours of Chicago is the norm.</li><p><b>How to interview them:</b></p><li>Resumes are mostly garbage. This completely deviates from status quo, but it works for us.  We look for nice-to-the-core, passionate people and a resume simply doesn&rsquo;t communicate that.  We just make sure the basics are in place and move on.</li><li>Cover letters. The cover letter is where passion shines. Our hires submitted passionately written cover letters.</li><li>Passion wins. The best employees, assuming some vitals are in place, are the most passionate ones.</li><li>Untraditional interviews. It kills me that businesses still ask standard interview questions. "What's your biggest weakness?" surely won't get you an answer of value when the answer has already been rehearsed. Get creative.</li><p><b>How to refine your process:</b></p><p>After the interview is over, don't stop interviewing. We hire people to a four-month contract position to evaluate how they perform in real situations, assess their cultural fit and see if they have a hint of jerk in them.  After four months, we've historically hired around 20 percent of those put on contract.</p><p>It works. We don't miss. Using these hiring practices, we've yet to have someone leave.</p><p>After 6,000 cover letters and four months, Alexa, Caitlyn, Emma, Liz, Makenzie, Matt, Megan, and Terry were hired last month. I already know they're some of the most passionate and talented people in the world.</p><p>Welcome to the family.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 08:30:00 -0500</pubDate>
			<dc:creator>Joe Reynolds</dc:creator>
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				<media:title type="plain">How I Hire the World's Best Employees</media:title>
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			<title>9 Circles of Customer Service Hell</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/WiGqf591OnE/how-to-avoid-customer-service-hell.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/hell-bucket_13893.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your customers are the cornerstone of your success. So why on earth are you torturing them?</p><p>I'm sure you, like me, have spent too much time in customer service hell as a consumer. With apologies to Dante, it&rsquo;s at least nine circles:</p><li>The never-ending voice mail phone tree</li><li>The requirement to repeat your name, account number, etc., ad infinitum</li><li>Hold, hold, hold</li><li>The ominous sound, mid-conversation, of the dial tone</li><li>The disappearing clerk</li><li>The line that's always 20 people deep</li><li>The agent who doesn&rsquo;t understand your question</li><li>The &ldquo;I&rsquo;m sorry, but I don&rsquo;t have the authority to do that&rdquo; response</li><li>The clerk who's busy texting someone who's clearly more important than you</li><p>I'm sure there are more. (Leave your personal favorites in the comments!)</p><p>You don&rsquo;t want this happening at your company, nor do I at <a href="http://www.blinds.com/">mine</a>. So here are nine ways to create, if not a heaven, at least a pleasant customer experience.</p><li><b>Staff up with the right people.</b> How? Insist on people with a propensity to serve others. Test them for service orientation. Ask them how they have gone beyond expectations in customer service.</li><li><b>Train them well&mdash;and keep it up</b>. Teach them to look customers in the eye and listen well, asking probing questions before making assumptions about a customer&rsquo;s needs. Insist on appropriate tone and personal appearance. Observe them frequently and provide meaningful, specific, and candid feedback.</li><li><b>Check your policies.</b> Your frontline employees need to thoroughly understand your exchange and return policies, for example. They also need autonomy to make decisions with minimal upward approval. Those who handle elevated issues should train the people below them so fewer issues become elevated.</li><li><b>Benchmark.</b> How long is it acceptable for customers to wait on hold before they speak with a live person? What do you do when the time becomes unacceptable? What can you do to decrease the time? What&rsquo;s an acceptable call-abandon rate?</li><li><b>Consider your accessibility. </b>What are your service hours? On what days? Does your schedule correspond with your customers&rsquo; needs?</li><li><b>Connect good service with compensation.</b> A percentage of your employees&rsquo; compensation should be based on customer satisfaction (gathered through surveys, ratings, reviews). Consider compensating for the company&rsquo;s overall score, as well as individual scores.</li><li><b>Think about your focus.</b> Are you a low-cost operator or high-touch, with customer intimacy? Deciding will help you determine how much money you should spend on customer service.</li><li><b>Tweak your technology.</b> Can people schedule appointments for service and, if so, how long do they have to wait? If customers call, and there&rsquo;s a long hold time, will your system automatically call them back so they don&rsquo;t have to wait? Do your customer-service agents have all the information they need at hand so they can meet customers&rsquo; needs without having to transfer them to someone else or call them back? Is your customer-identification data accessible quickly so customers don&rsquo;t have to repeat it?</li><li><b>Mind your store.</b> If you run a store, how accessible is the customer-service counter? Look closely at the area: Are the lines long? Is there a place for customers to sit down?</li><p>So many business people I know say they provide excellent customer service. But sometimes I think they&rsquo;re not quite sure what that means. Although I enjoy the Dante analogy, this list is by no means exhaustive. Please pipe up with your own suggestions.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/hell-bucket_13893.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Your customers are the cornerstone of your success. So why on earth are you torturing them?</p><p>I'm sure you, like me, have spent too much time in customer service hell as a consumer. With apologies to Dante, it&rsquo;s at least nine circles:</p><li>The never-ending voice mail phone tree</li><li>The requirement to repeat your name, account number, etc., ad infinitum</li><li>Hold, hold, hold</li><li>The ominous sound, mid-conversation, of the dial tone</li><li>The disappearing clerk</li><li>The line that's always 20 people deep</li><li>The agent who doesn&rsquo;t understand your question</li><li>The &ldquo;I&rsquo;m sorry, but I don&rsquo;t have the authority to do that&rdquo; response</li><li>The clerk who's busy texting someone who's clearly more important than you</li><p>I'm sure there are more. (Leave your personal favorites in the comments!)</p><p>You don&rsquo;t want this happening at your company, nor do I at <a href="http://www.blinds.com/">mine</a>. So here are nine ways to create, if not a heaven, at least a pleasant customer experience.</p><li><b>Staff up with the right people.</b> How? Insist on people with a propensity to serve others. Test them for service orientation. Ask them how they have gone beyond expectations in customer service.</li><li><b>Train them well&mdash;and keep it up</b>. Teach them to look customers in the eye and listen well, asking probing questions before making assumptions about a customer&rsquo;s needs. Insist on appropriate tone and personal appearance. Observe them frequently and provide meaningful, specific, and candid feedback.</li><li><b>Check your policies.</b> Your frontline employees need to thoroughly understand your exchange and return policies, for example. They also need autonomy to make decisions with minimal upward approval. Those who handle elevated issues should train the people below them so fewer issues become elevated.</li><li><b>Benchmark.</b> How long is it acceptable for customers to wait on hold before they speak with a live person? What do you do when the time becomes unacceptable? What can you do to decrease the time? What&rsquo;s an acceptable call-abandon rate?</li><li><b>Consider your accessibility. </b>What are your service hours? On what days? Does your schedule correspond with your customers&rsquo; needs?</li><li><b>Connect good service with compensation.</b> A percentage of your employees&rsquo; compensation should be based on customer satisfaction (gathered through surveys, ratings, reviews). Consider compensating for the company&rsquo;s overall score, as well as individual scores.</li><li><b>Think about your focus.</b> Are you a low-cost operator or high-touch, with customer intimacy? Deciding will help you determine how much money you should spend on customer service.</li><li><b>Tweak your technology.</b> Can people schedule appointments for service and, if so, how long do they have to wait? If customers call, and there&rsquo;s a long hold time, will your system automatically call them back so they don&rsquo;t have to wait? Do your customer-service agents have all the information they need at hand so they can meet customers&rsquo; needs without having to transfer them to someone else or call them back? Is your customer-identification data accessible quickly so customers don&rsquo;t have to repeat it?</li><li><b>Mind your store.</b> If you run a store, how accessible is the customer-service counter? Look closely at the area: Are the lines long? Is there a place for customers to sit down?</li><p>So many business people I know say they provide excellent customer service. But sometimes I think they&rsquo;re not quite sure what that means. Although I enjoy the Dante analogy, this list is by no means exhaustive. Please pipe up with your own suggestions.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 08:00:00 -0500</pubDate>
			<dc:creator>Jay Steinfeld</dc:creator>
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				<media:title type="plain">9 Circles of Customer Service Hell</media:title>
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			<title>9 Most Common Start-up Mistakes</title>
			<link>http://feedproxy.google.com/~r/inc/headlines/~3/8CTu2xjLL_E/the-9-most-common-start-up-mistakes.html</link>
			<description><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/mistake-bucket_13891.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Mistakes are a great way to learn. But why not skip the pain and suffering yourself--at least on these 9 mistakes.</p><p>Making mistakes is a great way to learn. Making mistakes is also not particularly fun.</p><p>It's a lot more fun to avoid them entirely.</p><p>Here are some of the most common mistakes entrepreneurs&mdash;and businesspeople in general&mdash;tend to make:</p><p><b>1. Think of a plan as an end result.</b> Say you&rsquo;re agonizing over a business plan; somewhere along the way you've forgotten your goal is to actually start the business. Establish goals, create long-range plans, make to-do lists, and get going.</p><p>Most successful people are solid planners and excellent adapters. Get started so you can start adapting.</p><p><b>2. Assume style indicates substance.</b> Logos, identity packages, killer wardrobes, eccentric work spaces... none of those matter if you can't deliver. Businesses are built on go, not show. Your business or personal style will create a memorable brand as long as you deliver.</p><p>Just be you. And get to work.</p><p><b>3. Think of business as all-you-can-eat.</b> Ideas are thrilling. Opportunities are tantalizing. Dreams are exciting.</p><p>Great, but execution is everything. Take on too much and you do few things well. Keep getting distracted by the latest trend and your best ideas get ignored.</p><p>Check out everything on the business menu, but only select a few items at a time. Don't be afraid, or have too big an ego, to start small. <a rel="nofollow" href="/jeff-haden/startups-4-ways-to-turn-less-into-more.html">Small is almost always your start-up friend</a>.</p><p><b>4. Underestimate the time required.</b> Nothing ever goes as quickly as you predict; in a start-up, time passes in reverse dog years. Create timelines but always factor in scenarios and sensitivities. If you don't reach your estimated sales in six months, what will you do?</p><p>An estimate is theoretical. Plans are more concrete. Know what you will do if your timelines are wrong. They will be.</p><p><b>5. Assume perfection is required.</b> Trying to create a product that meets every conceivable customer need? Sooner is almost always better than later, so do a Tim Gunn and <a rel="nofollow" href="http://www.youtube.com/watch?v=Fy6KrxaCQdI">make it work</a>. Get to market and then start refining your products or services based on actual customer feedback.</p><p><b>6. Underestimate the money required.</b> It&rsquo;s easy to underestimate cost when you let hope creep into your calculations. A start-up, no matter how bootstrapped, always has unforeseen costs. Just because you really want something to work out doesn't mean it will magically cost less.</p><p>Apply sensitivities and create plans in case your estimates are wrong. Just like your time estimates, they will be.</p><p><b>7. Give up too soon.</b> Success rhymes with excess for good reason: Entrepreneurs who succeed do so because they work harder and longer. Before you give up, take a step back and decide whether additional effort is all that's required to overcome roadblocks or hurdles.</p><p>Sometimes it's not the business or the market. Sometimes it's you. Never quit until you&rsquo;re sure it&rsquo;s not you.</p><p><b>8. Stop acting silly.</b> If you&rsquo;re like me your favorite childhood stories involve something stupid you did. (How else would I know the right mixture of sulfur and saltpeter will burn hot enough to turn a Tonka truck into a glop of metal?)</p><p>Business is serious enough. Every once in awhile, do something silly. Silly is memorable. Silly makes you feel like a kid again. Laughing at yourself will make the toughest day a lot easier.</p><p><b>9. Adopt expectations.</b> We are all influenced to some extent by what other people think about us. But what do you want? What really matters to you? Live your life based on the opinions of others and you live their lives, not your own.</p><p>What matters most is what matters most to you. Always be sure you're living your life. It&rsquo;s the only one you get.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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<img alt="" height="0" width="0" border="0" style="display:none" src="http://tags.bluekai.com/site/5148"/><img alt="" height="0" width="0" border="0" style="display:none" src="http://insight.adsrvr.org/track/evnt/?ct=0:ef7jeah&adv=wouzn4v&fmt=3"/>]]></description>
			<content:encoded><![CDATA[<img src='http://www.inc.com/uploaded_files/image/100x100/mistake-bucket_13891.jpg' align='left' style='margin-right: 10px;' alt=''><br><p>Mistakes are a great way to learn. But why not skip the pain and suffering yourself--at least on these 9 mistakes.</p><p>Making mistakes is a great way to learn. Making mistakes is also not particularly fun.</p><p>It's a lot more fun to avoid them entirely.</p><p>Here are some of the most common mistakes entrepreneurs&mdash;and businesspeople in general&mdash;tend to make:</p><p><b>1. Think of a plan as an end result.</b> Say you&rsquo;re agonizing over a business plan; somewhere along the way you've forgotten your goal is to actually start the business. Establish goals, create long-range plans, make to-do lists, and get going.</p><p>Most successful people are solid planners and excellent adapters. Get started so you can start adapting.</p><p><b>2. Assume style indicates substance.</b> Logos, identity packages, killer wardrobes, eccentric work spaces... none of those matter if you can't deliver. Businesses are built on go, not show. Your business or personal style will create a memorable brand as long as you deliver.</p><p>Just be you. And get to work.</p><p><b>3. Think of business as all-you-can-eat.</b> Ideas are thrilling. Opportunities are tantalizing. Dreams are exciting.</p><p>Great, but execution is everything. Take on too much and you do few things well. Keep getting distracted by the latest trend and your best ideas get ignored.</p><p>Check out everything on the business menu, but only select a few items at a time. Don't be afraid, or have too big an ego, to start small. <a rel="nofollow" href="/jeff-haden/startups-4-ways-to-turn-less-into-more.html">Small is almost always your start-up friend</a>.</p><p><b>4. Underestimate the time required.</b> Nothing ever goes as quickly as you predict; in a start-up, time passes in reverse dog years. Create timelines but always factor in scenarios and sensitivities. If you don't reach your estimated sales in six months, what will you do?</p><p>An estimate is theoretical. Plans are more concrete. Know what you will do if your timelines are wrong. They will be.</p><p><b>5. Assume perfection is required.</b> Trying to create a product that meets every conceivable customer need? Sooner is almost always better than later, so do a Tim Gunn and <a rel="nofollow" href="http://www.youtube.com/watch?v=Fy6KrxaCQdI">make it work</a>. Get to market and then start refining your products or services based on actual customer feedback.</p><p><b>6. Underestimate the money required.</b> It&rsquo;s easy to underestimate cost when you let hope creep into your calculations. A start-up, no matter how bootstrapped, always has unforeseen costs. Just because you really want something to work out doesn't mean it will magically cost less.</p><p>Apply sensitivities and create plans in case your estimates are wrong. Just like your time estimates, they will be.</p><p><b>7. Give up too soon.</b> Success rhymes with excess for good reason: Entrepreneurs who succeed do so because they work harder and longer. Before you give up, take a step back and decide whether additional effort is all that's required to overcome roadblocks or hurdles.</p><p>Sometimes it's not the business or the market. Sometimes it's you. Never quit until you&rsquo;re sure it&rsquo;s not you.</p><p><b>8. Stop acting silly.</b> If you&rsquo;re like me your favorite childhood stories involve something stupid you did. (How else would I know the right mixture of sulfur and saltpeter will burn hot enough to turn a Tonka truck into a glop of metal?)</p><p>Business is serious enough. Every once in awhile, do something silly. Silly is memorable. Silly makes you feel like a kid again. Laughing at yourself will make the toughest day a lot easier.</p><p><b>9. Adopt expectations.</b> We are all influenced to some extent by what other people think about us. But what do you want? What really matters to you? Live your life based on the opinions of others and you live their lives, not your own.</p><p>What matters most is what matters most to you. Always be sure you're living your life. It&rsquo;s the only one you get.</p><br clear="both" style="clear: both;"/>
<br clear="both" style="clear: both;"/>
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			<pubDate>Wed, 08 Feb 2012 07:30:00 -0500</pubDate>
			<dc:creator>Jeff Haden</dc:creator>
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