Category Archives: Business

knowing when to commit

An email arrives at the website general email address.

A possible sales inquiry.

Everyone looks it over.  They agree that I would get the honor of answering it.

“Looks like a possibility.” says one of my colleagues.

After reviewing it I frown and explain that it doesn’t look that great to me.  He reminds me that we need to look  at all of these inquiries as possible sales and have to try our best.

I agree.  Each and every one of these inquiries could lead to a possible steady client, maybe even a fortune in revenue for the company.

But I’ve been around the block.  I don’t claim to be the greatest salesman ever born.  Truth be told I lack some of the innate qualities that salesmen need to be really good at this game.  But still, I’ve picked up a few things over the years.  Some of those things are warning me about this inquiry.  They’re saying that this is not going to be a sale and that it is in fact a waste of time.

I know that they all expect me to go all in on this inquiry and spend all my attention on this just as I would for a known client that’s been coming to  our company for years.  That’s what I always do but so many things tell me that this is a dead-end.  Little things pop out from the email, niggling little details that run up red flags for me.  The way the potential client words the email, the lack of details, just the way that the whole thing is put together.

I will willingly commit myself to new business opportunities, to personal challenges, even to new dating opportunities.  But I need to feel that at the very least I have the slimmest of chance of succeeding.  In this case I see nothing of the sort.

I mean I’ve even gone in blind into situations where I didn’t know anything about my chances of success.  Even into situations where the odds looked bad and conditions were unfavorable.  Sometimes it was a business proposal, or sometimes scaling down a cliff, or asking someone out.  I’ve been in those positions many times.  But something would always tell me “take the chance, maybe its worth a try.”

This time though, this email said to me “no, this is not going anywhere”

But I’ve promised to do my best.  So I take the task to heart and try my best.  A week later and several emails back and forth it turns out that the potential client is an elderly shut in and had no money and just wanted someone to chat with about professional matters.

I get the satisfaction of knowing that I was right but that really doesn’t make up for the time lost.

going the extra step

We live in a world where 40 hours a week sometimes doesn’t cut it anymore.  The advent of email, texts, and phone messages means that you’re reachable by your superiors or clients at nearly any time of day.  Challenges or opportunities can come up at any time and you’d better be able to answer them.

In a large corporation this doesn’t matter as much.  You have multiple teams of people to work on a problem or project and if you don’t do it then someone else will.  Either way the company prospers.  But if you’re in a small business then more often than not you have to burn the midnight oil.

I’ve had to do this on several occasions in order to write up proposals for clients that waited till the last second to request a quotation or to finish up projects by a particular deadline.  In particular I once did a 72 hour marathon session that other than for food or bathroom breaks I never left the computer.  Not something that I’m eager to repeat.

As an employer you do this because this is your company, your trade, your passion.  In essence this is you.  You are working on the embodiment of your ideas and your dreams made manifest in stone or on paper or in electronic files.  This business represents all that you are and hope you will become.  So you better be willing to put in that extra time.

So as an employee why do this?  I mean if you’ve signed a contract as an hourly or salaried employee and you put in your honest 40 hours a week then why go that extra mile?  Basically it’s all comes down to keeping the company going.  When you’re in a small business every contract is crucial no matter what the size is.  Not only are you worried about completing contracts and getting paid but you also worry about your reputation as a reliable source of products and services.  This indirectly impacts whether your next paycheck will be valid or will even come at all.

Just as a side note it doesn’t look good on a resume to note that the last company you worked at failed.  May not be your fault but it still looks bad.

Bosses should take note.  Specially when it comes to salaried employees that are putting in that extra time and effort to keep your small business going.  Note the cheerleaders that try and boost your co-workers spirits.  Note the go-getters that have the passion for the work and are always asking for more responsibility.  Note the supporting cast that do their work quietly and behind the scenes and are always quietly there for you.

Show appreciation.  Doesn’t always have to take a monetary form, though I would be lying if I said that workers don’t like more money.  But after a project is done (and I mean right after, I don’t mean 2 weeks later or at the end of the year) let them know you appreciate the extra work.  It’s a small company.  Walk around to their desks, cubicles, or whatever.  A 5 or less minute talk with each of them won’t take too much out of your busy schedule.  Ask if the project was too much to handle or if something could have been done better.

If they do something wrong you’re going to let them know about it, right?  Then let them know when they do something right.

Employees, realize that the small business owner has a lot at stake in this little company.  They not only have to keep an eye on your performance but on everyone else and they have to take care of a myriad of other details that you don’t even notice but take for granted.  They never get a 40 hour work week.  You can always walk away and find a new job, they can’t.  They’re there for every up and down.

They feel each failure deeper than you do.  Reach out to them when they need it.  Listen to what they have to say and do it their way.  Cut them some slack.

To both sides, reach out, talk, understand.  You’re in this together.

Sales in the international arena

I originally wanted to call this post “Building your future on BRICs” but that would give you a false impression about sales to international clients.  No doubt that the BRIC (Brazil, Russia, India, and China) countries are important players in the world economy but they are not the only people out there that look for high quality goods and services from American companies.

In the modern world we have to realize the importance of offshore clients.  No matter what your field is, there is now and in the future there will be an increasing number of clients hailing from offshore locations that want to do business with you and you better be ready to handle that.

The company that I work for relies mainly on offshore contracts for the majority of its contracts.  We have developed a very good website that draws attention from all over the globe and this has led to me having to understand and deal with clients of all sorts of backgrounds.

Having had to deal with folks from all sorts of cultures has taught me a few lessons in sales that really should apply to selling to any client.

1.  Check your prejudices at the door.  If you have problems with other people’s race, religion, or anything else about them, then sales is not the field for you.  Having been on the receiving end of a salesperson who seemed to have a problem with my race I can tell you that even if they don’t say anything overt that the attitude does transmit itself to the client.  From a pragmatic point of view you are not only giving bad service to the client but to your employer as well.

2. Treat people with the respect that they deserve.  If they have a PhD or have some other sort of title then treat them with the respect that it merits.  These are fellow professionals making a serious inquiry.  Act accordingly.

3.  Disregard the faulty syntax.  So they may not know a particular word in English or their grammar may not be so great.  So what?  Who learned a foreign language and tried to communicate using it?  not you.

4.  Don’t fake it.  I had a colleague who would try to greet foreign clients in their own language by googling appropriate greetings.  Mixed results at best.  If you don’t know then don’t try it.  You will look foolish or you may even end up offending them.

5.  Somewhat related to the last point, what do you do when you get an inquiry in a foreign language that you don’t understand?  Answer back in English.  Again you don’t speak their language.  You could try online translators and risk making errors or hiring foreign language specialists to translate responses although that gets expensive.  Ultimately I think your best will be to answer back in your own tongue.  If the company gets enough business in that language then maybe they might want to consider hiring a foreign speaker to handle sales for that market.

6.  Keep away from all politics or anything that is not related to the business at hand.  You’re not the State Department and you’re not here to sell politics or your personal opinions.  You’re here to do a deal.  If they’re the ones persisting in trying to bring it up then deflect the subject back to business.  That’s all that both sides should be focused on.

Basically it all comes down to respect.  Not only is it polite manners but it helps to bring across the idea that despite any differences in distance or culture that you are truly interested in helping the client achieve his goals.

 

 

 

lost opportunities

I know what you say when an idea is so obvious that you’re stunned that you didn’t implement it.

“Why didn’t I think of that?”.  

But what do you say when you did have that idea and had to watch it take off without you due to other people’s short-sighted vision?

Let’s go back to the mid to late 90s.  I’m working at a small consultancy that mainly did support work for the big oil companies.  We used satellite images to create geological maps for exploration projects overseas.  But satellite maps have various other applications such as agriculture, forestry, and city planning.  My supervisor was interested in the last.  He had contacts up in the city planning department and he had an idea.

We could use satellite images and the power of GIS (geographic information systems) to create online maps that would be used to catalog every feature on every property that the city owned and be able to serve it up over the web.  We decided on a small park just south of downtown as our pilot project.

Emancipation park is a large pretty park with baseball fields, a pool, and plenty of green space.  My supervisor and I spent an entire day with GPS units, a primitive digital camera, and lots of notepads to take measurements and record everything about the park.

Back at the office we took a satellite image and put it into the GIS and laboriously outlined the baseball fields, the pool, the playground, the sidewalks, the buildings, in short everything about the park.  Next we coded every feature we could think of and made large cross referenced databases.

Now came the bit that was exclusively my own.  I was no web designer or guru but I was a good second rater and had hand coded and designed the company website.  I added the satellite image of the map and coded regions inside the image to correspond to various web pages that would display information about various features in the park.  Everything from land use statistics to pictures to contact numbers.  Theoretically, a park superintendent could call up every piece of information he needed online.  My supervisor and I played with the website for hours, trying every feature and adding improvements here and there.  We amazed ourselves at how well it worked.

We loaded it onto a laptop and took it to a meeting with the Houston parks official my supervisor knew.  We explained the idea thoroughly and let him play with the website on the laptop.  He kept on going back to the statistics page and exclaimed “this is exactly what I need”

We thought we had him sold.  But as it turned out he was referring to the statistics.  He said that they were always looking for statistics to turn over to city council.  What he wanted was a nice thick binder of data to present to the council for budget time.  As for the website?  No thanks.  Too fancy and complicated for him.  It would never catch on he said.

So we had a very long and quiet drive back to the office.  The company owner said it had been a waste of time to try this project and we shelved it and went back to serving only oil customers.

But I kept at it.  I would tweak and poke at it in my spare time as best as I could without any formal coding education and without the benefit of the expensive GIS programs.

2002.  The company had folded and I was out on my own, trying to scare up consultancy work here and there.  I had secured a copy of the website we had made and got permission to use it as my own.  I pleaded and begged and got another appointment at the planning department and presented the website.  Again it fell flat.  But for different reasons this time.  The official I met typed in his own website and brought up the planning department’s new internal web-based site.

Time had not only caught up but passed me by.  It was all that we had made and more.

Today you can pull out any smartphone or tablet and bring up detailed maps that will find pizza places near you, calculate routes to get where you need to go, and even call ahead to make reservations.

I don’t claim to be the originator of any of these.  Many companies and individuals were working along parallel lines back in the 90’s.  But I do have to wonder what we could have accomplished if we had persisted a little longer or if we could have made that first sale.

In-house or out, it’s still you

The trend towards moving functions to overseas companies for content and services has pretty much waxed and is now on the wane.  Our company has tried this route for a while now and the results have been mixed at best.

I will admit that at first the price rates that were quoted to us were pretty impressive and almost blinded us to everything else.  But then we came to grips with the realities involved with this lower price.  Some things that we found were service that was iffy, personnel that we could in no way vet nor even be sure actually existed (one company used bogus resumes to boost their image), delivery timelines that due to the location of their offices were hard to predict and would often be in the middle of the night for us.  Any type of live communication would have to be held early in the morning before work or late at night after hours.

We would spend an inordinate amount of time on QC (quality control) making sure that the standards of the product and the final deliverables were up to the quality levels that we set.  In one instance we had to totally scrap the content that they provided and had to redo the project in-house at the last-minute using our own people working late into the night to meet a next day deadline.

When we complained about this, the offshore provider merely shrugged and said that the deliverables “seemed fine to him”.  To me that is just beyond the pale.  How anyone, let alone a supposedly professional company would let a product out the door without doing any sort of editing is baffling.  This provider didn’t even have a clue as to what QC was.

The thing that companies that use offshore providers must remember is that whether the product is good or bad, on time or late, that it’s going to be their reputation that will be on the line with the customer.  You are not just being paid to do a job but trusted by a client to take on a task for their success and if you fail to deliver what you promise then you, not the offshore provider, will suffer the repercussions.  You will be known as someone who is unreliable and that does not come through when called upon to do these type of jobs.

Despite all of these problems we’ve continued on with “offshoring”.  We’ve had to implement stringent quality assurance guidelines that our current provider knows are unbreakable.  If they fail to meet these standards then they lose our business.

May seem overly harsh but we are paying for a service and though we may not be paying top dollar, we still expect that service to be done and to be done properly.  Nothing less will do.

On top of your game

People say that failure is a great teacher.  No doubt about that as long as you survive that failure and then learn from it so you won’t repeat it again.

I can honestly say that I’ve had many lessons taught to me in this way and for most of my life I seem to have achieved many goals in this manner.  I never really have those moments where everything goes perfect or according to plan.  Some little thing goes wrong and suddenly it’s not a great but only a good victory or some medium-sized thing goes wrong and I’m left scrambling trying to keep things from going to hell at the last second.  In its own way it’s satisfying to strive mightily and win out.  You truly earn that victory when that happens.

But then every once in a while…

Whether it’s by repetition and practice or circumstance and timing everything seems to align for you.

The client comes in with a big order, the project is something that you can handle, the process goes smoothly, the outcome is predictable and done on or before the deadline.  No hang ups, no delays, no difficulties.

Everyone is working at peak efficiency and there seems to be a glow or air of infallibility to the whole office.  You go from strength to strength without a single misstep.

How?  How do you get that to happen each time and every time?  Why does it seem as if some organizations seem to have a magical glow about them as if they can do no wrong?  Are they really that good or are they just better at hiding the bad days and promoting the good days?

I’m all for working hard and earning what I get but some days, some days I still yearn for that easy win.

All I want for Christmas is a salary

I’ve noticed that some folks that I know won’t go to black Friday sales and will postpone shopping until the week before Christmas.

It’s not that they hate the maddening crowds or don’t like a bargains.  It’s that in the back of their minds they’re thinking about their paychecks and whether they’ll have a job by the end of December.

Being a salaried employee can be nerve-wracking at times.  Job security is a fleeting thing in the contemporary work place and the competitive nature of jobs can mean that you’re out in the middle of December looking for a job and that it’s going to be a lean Christmas.

So should employers take this into account when considering a dismissal?  Do they have a moral obligation to postpone firings till after the holidays?

Of course not.  The main focus of a business owner is to keep money coming into their business and to keep the paychecks flowing to those workers that are assets to the company.  Keeping people on for sentiments sake is fine but it drains money from the company and keeps your team from working at peak efficiency.

You have to remember that firings are typically not done on a whim or for capricious reasons.  Employees that are going to be fired usually have an established bad track record and that this is the last step of the process, not the first.

I do think that an appropriate step is to let a worker that is of dubious quality know that their job performance is not up to par before the holidays begin and that they are at risk of being dismissed in the near future.  They may decide to leave on their own or at least they can modify their holiday spending plans in advance.  I think that’s as much as an employer can do in this type of situation.

The only other thing I would add is that the employer has to take into the consideration the welfare of the rest of the company team that are doing their jobs well and that due to their efforts are entitled to their Happy Holidays.  Keeping bad employees on for sentiments sake is just harming everyone in the long run.

Paid athletes in college

The first I heard about paying college players for football was a couple of years ago during a 60 minutes report about likeness rights.

Modern video games are so detailed that the faces of actual players can be digitized and used in the games.  Of course someone’s face is an asset and can be bought and sold.  The NCAA is apparently cognizant of this and negotiated these rights to video game makers for a price, and in order to make things legal, they require all prospective players to sign away their college career rights for life.

This particular report featured a former player suing to recoup any profits made from his likeness.  The inequity of the system is pointed out in that the NCAA makes huge profits from the players but it is argued that they receive little in return.

One solution proposed was paying players as if they were employees of the university.  The argument is that this would be an equitable solution for all the players that participate in college sports (particularly football) and don’t make it to the professional level.

My position is that this is a terrible idea for several reasons.

Firstly on the issue of compensation, this overlooks the fact that the compensation originally offered in the understood contract between the schools and the players is the fact that the players are receiving a full college education for their efforts on the field.

Not only are their classes paid for but they receive room and board as well as free tutoring in some programs.  These last 3 are things that the regular students have to pay for or make do without.  Nowhere in the implied contract or actual contracts with these students is it promised that they will make it to the professional level and be able to make a living in professional sports.

Secondly, injecting money into the equation and expecting teenagers just out of high school to make wise decisions about money when in some cases they or their family members have never had substantial amounts of money to manage is a disaster waiting to happen.

Professional athletes already face some of the highest rates of bankruptcy (about 78% among football players).  They are prey for crooked money managers, agents, and even family members.  I have no reason to suppose things would be different for high school players suddenly exposed to large amounts of money.

Thirdly, putting money into the equation will inevitably favor larger schools with larger booster clubs and deeper pockets.  Most school athletic programs already run at a loss.  The additional burden of bidding wars for talent will exacerbate the inequities between large and small schools.  It will also mean that the NCAA will have to devote more resources to police illegal recruitment techniques.

Lastly, it’s an insult to the normal school body.  The majority of the students will not benefit from this.  Rather this is going to benefit a small percentage of individuals with no loyalty or ties to the institution and who would change sides if a better contract came their way.

I do not for one minute excuse the NCAA for their actions.  Forcing kids to sign away likeness rights is inexcusable and just plain greedy on their parts.  But trying to make things more equitable by adding more money into the equation and turning our schools into glorified farm leagues for the sports monopolies is no solution.

 

 

 

working to live, living to work, striking a balance

You’ve probably heard the old question “On your deathbed will you regret not spending more time working or living your life?”  To which most folks will choose to spend more time living naturally.

But thinking about it, work is very much part of our lives.  For most of us work helps define who were are.  The money generated by work determines what we wear, eat, drive, and where we live.  Work provides us with acquaintances, contacts, friends, and in a few cases spouses.

We like to think that “living” is something we do when we’re not in the office or at the work place but seriously who works a full 8 hours exactly?  Even in the most controlled of workplaces there is laughter, there is gossip, there is living going on.

Another thing that many people have heard at one time or another “If you do what you love for a living then you never work a day in your life”

Most of us will never get to test this out.  Truthfully most folks don’t really know what they like.  Oh. they have ideas but nothing too certain.  Nothing that they can quantify.  Those that do know always come up with an excuse or reason why it wouldn’t work as a job.

Those lucky few out there that do know and did take the gamble to turn it into a profession, do you think that they’re not living?

Like anything else we can overdo work and I think that’s where the problem lies.  Sometimes people use work as an excuse to not socialize, some obsess over work as other obsess over a hobby or even as a drug.

We know that the warning signs are all around us.  Sometimes people close to us try to warn us and we turn away.  Learn to listen, look around.  By no means quit working but put it into perspective.  What is it you really want to achieve with your life?  Is work getting you there?

the current and future driver of the economy

Ideas.

No big surprise.  But the way that these ideas are being served up in the present and near future is changing.  Traditionally ideas (whether they were inventions, concepts, music, games, whatever) were served up to the public by big bulky corporate structures that could market, distribute, and sell these to a wide audience.

The advent of the internet economy has changed the rules.  You can now literally take something from your mind and put it out there for the public at large to buy or support directly without the filters of the corporations getting in the way.

This poses unique opportunities and challenges for entrepreneurs.

Opportunities:

Profit

This would allow a severe redistribution of the profits from grossly favoring corporations to totally favoring artists.  Something that those in the music industry have wanted for a long time.

Creative license

Too often it is that when someone with an idea goes to a corporation that they not only “tweek” the idea to suit some corporate requirement but they may actually change the total intent and purpose of the idea.

Distribution control

Corporations need to make profit on all their product lines.  Often they will bundle bad products with good ones to try to make money on all that they make.  With distribution control you get the right to sell your own product individually.

 

Challenges

Marketing and advertising

The thing that corporations bring to the table is their support abilities.  In particular they can research potential markets and craft advertising campaigns to help promote the product.  Not something that an individual can do easily.

legal challenges

Whether its patent infringement or researching copyright laws.  Again something big corporations can easily do that individuals cannot.

 

I think the biggest challenge in the future information economy is simply finding ideas to present to the public.  The people with the ideas need to wake up and begin moving onto the internet stage to make themselves heard.  Collectives of artists, designers, inventors need to form to band together to be able to present their ideas to the public on an equal footing with the corporations.