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T h e B a r r e t t W a v e
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Winter 2003 |
News & Resources |
Improving the Bottom Line of SME's |
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The Meaning & Discipline of Success
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Barrett Consulting Group Who we are: Creators and
innovators of viable strategies and solutions linking people performance to business performance. What we do: Using common
sense, industry experience and knowledge of people performance strategies, we create direct links between business strategy and peoples actions resulting in real revenue line increases. We offer
specialist consulting and resource services in two key areas: - Barrett Sales Consulting:
Leading experts and pioneers in sustainable sales growth, performance and culture strategies and solutions.
- Barrett People Resources:
Creators and innovators of contemporary and leading edge selection, performance and retention resources, strategies and solutions. Our corporate mission:
So stay tuned for more information including:
- New product launches
- New market directions
- New research
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Article 1: The Meaning & Discipline of Success
If you are after a "quick fix" formula to success stop reading now!
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Article Perspective: |
- What is success anyway?
- Are you a self help junky?
- How most people make the self help gurus rich at their own expense
- "Inspirational Pep Talks" just like a hot bath they soon get cold
- How do you change for the better using science not showmanship?
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What is success anyway?
Success is full of expectations & judgements but it remains an
artistic term until we give it meaning and content. Success for
one person could mean failure for another. What does success mean
to you?
Consider some of the various paradigms of success:
- personal (family; health; relationships; travel; education;
economic security; etc.)
- community (values; community infrastructure; charity; welfare of
people;
education; safety; viability; etc.)
- environment (sustainability; environmental protection; endangered
species; new initiatives; etc.)
- business (new ideas; new markets; market share; growth;
product/service viability; the 'right' people;
values; profit; strategy; etc.)
- financial (self sufficient; meeting financial commitments;
growing your portfolio; property investment; etc.)
- spiritual (enlightenment; religious vocation; self examination;
spirit quest;
- sporting (personal best; best in your field; teamwork; etc.)
- creative (innovation; artistic expression; etc.)
- leadership (power to lead people to a better place; power over
people; etc.)
How do we measure success?
Using the SMART
principle of goal setting (Specific;
Measurable, Agreed; Realistic; Timed) helps people give their
version of success substance. Success only
becomes something real when you apply meaning and content to it in the
form of goals, activities, timelines and achievements. Feelings
such as happiness, hope, self satisfaction, excitement and success
itself are the by-products of achieving your desired objectives and
goals.
Any good quality speaker, coach, leader, mentor or guide will back up
their
case for success with science not
showmanship. Listen to any successful athlete and you will hear
that their success wasn't based on luck but on applying themselves to a
task(s) using
disciplined thought and action over time. Ask them and these successful
people will have the following:
- they have clearly defined goal(s)
- they know what activities they need to do to reach their goal(s)
- they know how they need to do these activities
- they know how often they need to do these activities
- they will have a mechanism to get feedback on their progress and
learn from their mistakes and achievements
- and they usually have someone to coach and guide them along the
way providing that feedback and support
The promise of the "Quick Fix"
However, there are a number of so called "success gurus" who promise
you some quick fix with none of the hard work and effort
involved. They are quite willing to
take your money for the privilege of their so called success advice and
in the process only serve to make themselves successful at your
expense.
To
be successful at anything requires focused and sustained effort over
time! Not some quick fix pipe dream promised by some
charismatic
speaker who has only showmanship to back him/her up, not science!
Are
you a self help junky?
- do you pretend to be positive, sometimes rigidly optimistic
alternating with periodic episodes of depression?
- do you talk in clichés?
- do you spend a lot of energy, time and money on motivational
materials?
- do you get "sold" to with appeals to your emotions without
investigating the content behind the sales pitch?
- do you rely too heavily on motivational and inspirational
training that presumes a positive mental attitude is ALL that is needed
to make one successful?
- are you always looking for greener pastures never really applying
what you have paid all that money to learn ?
- do you hate reading this because it's all too hard and why can't
success be as simple to achieve as they (the gurus) claim it to be?
How
most people make the self help gurus rich at their own expense
Sometime ago one of my friends had been invited to go to a
seminar on success and at the last moment she couldn't attend and asked
if I would like to attend in her place. Open to hearing about
what people do to be successful I went for the experience. I have
to confess I have a healthy skepticism about these 2-3 hour seminars
where they explain the whole meaning of success however you are still
encouraged to spend hundreds if not thousands of dollars on
their tapes/books. When I attended I sat next to
some people who were espousing the virtues of this self proclaimed
success guru.
I asked them "Have you been here
before?"
They replied "Oh yes, he is
great. We just love him and we have
all his tapes and books."
I asked, "So if you have paid to see
him before and bought his tapes
and books, why are you back again? Surely if his advice is good
you will have tried it and succeeded already?"
They looked rather taken aback and then became a bit defensive, "Well
it does work but we have just dabbled so far."
"Any results yet?" I asked
"Well... No."
"So you are prepared to pay more of
your money to hear the same advice
again even though you have the tapes and books to refer to?"
" Look we just need more
inspiration! We're really serious
this time."
Who benefited from this session?
In this example there were 600 people in the auditorium paying $50 a
head to hear the
"words of wisdom" from this self proclaimed success guru. Results:
- Guru makes $30,000 in 3 hours
- Guru makes more money with the sale of his tapes and books to
attendees at the end of the seminar
- Many people left confused as to the how they could achieve
success and still feel good about themselves
- A number of the approaches this "guru" suggested were
nothing short of unethical. Using the Unethical Self
Promoters
Checklist I counted at least 13 out of 21 used in the
first hour of
his
presentation.
So how do you spot unethical self promotional behaviour? Research
has identified 21 unethical self promotion traits, including:
- Compulsive name-dropping
- Strategic use of actual and implied intimidation
- Inappropriate calm and poise, even when caught in a lie
- Few deep or long-lasting business relationships
- A history of concealed "misunderstandings" and legal problems
- Inability to show or sustain genuine emotion
- Talking long-term, thinking and acting short-term
Just reading this list probably brings a few faces to mind. The
politician who advertises his integrity a little too often. The manager
who limits her accountability by avoiding detailed discussions. The
consultant who speaks authoritatively on every subject. Although
one (or even a few) traits don't always add up to unethical behaviour,
it's worth listening to your alarm bells, as the costs can be
exorbitant.
Some questions you should ask when examining your own (or someone else's) behaviour
- Do other people stand to gain from your actions?
- Do your actions have a positive influence on your own well-being
and self-esteem?
- Do your actions move you closer to your short- and long-term
goals?
- Would most people approve of how you go about achieving your
goals and objectives?
- Is
your success model ethical?
- Is
your success model backed up by scientific evidence and can it be
replicated?
The
Hot Bath Technique
The comment " Look we just need more
inspiration! " is
the "hot bath" technique of training - the bath soon gets cold and we
are back to where we started before we attended the seminar - nothing
changed . The self help junkies get hooked on the bursts of
inspiration they feel when they attend these seminars hoping that one
day it will translate into success.
What makes achieving success so difficult?
For one thing, most people grossly
underestimate the difficulty that is involved in migrating their
performance to greater levels of measurable success. The actions they
take are generally too small and too piece
meal to bring about meaningful improvement. People simply
do
not recognise the stubbornness of old habits and entrenched ways of
thinking. Concerted effort needs to be continual and over
time. We
all know that success is
90%
perspiration and 10% inspiration.
How do you change for the better using science not showmanship?
Barrett Consulting Group uses “best practice” techniques/methodologies
and our experiences/research will reliably lead to desired
results. We
use Interval Training, Discovery Learning and Adult Learning Techniques
in all our programs which are implemented over a period of time to
facilitate behavioural change and skill development. This
approach
progresses in incremental stages and helps to maintain a focus on
manageable tasks and ensures that earlier stages are successful before
the later stages are attempted and uses documentation of requirements,
sign-offs and quality control that defines objective measures for
assessing quality throughout the development process. Discovery
Learning results from an interactive environment where information is
given, principles are practiced, questions are asked and real-life
situations are created to enable people to learn for themselves.
A book on the topic
of success worthy of a read is: "50 Success Classics: Winning
Wisdom for Work & Life from 50 Landmark Books" Author: Tom Butler-Bowdon Publisher: Allen &
Unwin
For
further information please contact Sue Barrett on 03 9532
7677.
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Article 2: Professionalising Your Business: Translating strategy into action
... a hot topic for SME's and Big Business alike
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Article Perspective: |
- How some medium to large businesses still function in an unplanned ad hoc manner and don't realsie their full potential
- Is your leadership and management approach to business ad hoc versus managed? (check the management functions tables for a quick assessment below)
- How is your approach affecting your people's and your business' performance?
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Not always but often, we see a more fluid and less planned approach from
"start-ups" and small businesses, however increasingly we are coming
across a number of medium to large businesses still functioning as if
they were a 'start up' business, living day to day with little or no
planning for the future and lurching from one crisis to another.
People are often unsure of their role and responsibilities; do not know
how their performance affects business success and are usually ignorant
of how they are linked to the strategic direction of their business.
An organisation's ability to achieve its goals and realise its
vision revolves around how well it can translate strategy into
action. Every leader's aim should be to create direct links
between
business strategy and people's actions resulting in real revenue line
increases. Everyone should know how their role impacts on the
achievement of
revenue and the overall performance of the business. This takes a
disciplined planned approach.
Scenario:
The Directors' Issue - where to from here?
The tension between the management team has been growing for quite a
while. There is debate about the introduction of more formal processes
and current process improvement to help guide and manage the people
within the company. Most directors were in favor of clearer
strategy and process
improvement whilst one preferred a more fluid style.
Unfortunately due to competing motivations, the directors were no
longer working well as a team which was having a negative impact on
sales, client & staff retention, and the company as a
whole. The relationships between the company director's was
such that it was unlikely that these issues could have been resolved
internally. After independent counselling and review, the
management team
recognised the need to professionalise the
business. They needed to identify their culture and
values; establish a clear strategic direction; build viable business
and people
processes which were linked to strategy; and ensure they had the right
people with the right
skills sets and competencies to move forward and ensure the company's
ongoing viability.
"The
issue of professionalising your business" usually raises itself
after a
start-up business has gained some momentum in the market place, has
established itself as a viable entity and is in growth mode. This
is when they are in need of more structure, process and defined
leadership to
take them to the next stage of secure growth. Businesses move
through various stages and in those stages new needs arise. For
instance:
The
3 Stages of Business Evolution
(with permission the following stages
of business
evolution and management functions table
are taken from the "Guide to Family
Business" by Peter Leach & Tony
Bogod, BDO)
1.
Product Driven
A product or service is identified and brought to the market in a
profitable manner. A basic production and management system for
delivering the product or service is established.
2.
Process Driven
Success has been achieved in the basic process, and methods and
controls are introduced to increase its effectiveness and efficiency.
3.
Planning Driven
The business matures. Planning is used to formalise continuing
activities, to provide a basis for effective management, to pinpoint
new opportunities, and to promote the future growth of the business.
Businesses of all sizes need to recognise which stage they are in to
understand the direction they need to take in order to secure their
future. Given the entrepreneurial approach displayed by
many directors in start-ups the challenge of professionalising the
business will be to migrate the entrepreneurial management approach to
a professional management approach. However, this ad
hoc approach is not just the domain of startups, we see many
companies large and small struggling to professionalise their
businesses. Use the following table to examine your current work
practices.
The management functions which are in question include:
Management Functions |
Entrepreneurial
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Professional
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Development
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ad hoc development through on the job training
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planned management development:identifying requirements; designing programs
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Budgeting |
no explicit budget; no follow upon variances
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management standards & variances
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Innovation |
favouring major innovations; willingness to take major risks |
favouring incremental innovations; taking calculated risks |
Leadership |
styles vary from directive to laissez-faire |
clear leadership role; consultative or participation in style |
Culture |
loosely defined
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well defined and focused |
Profit |
profit as a by-product |
profit oriented; profit as a goal |
Planning |
informal & ad hoc |
formal & systematic; strategic, operational & contingency planning |
Organisation |
informal structure with overlapping undefined responsibilities |
formal distinct role descriptions that are exhaustive & mutually exclusive
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Control |
partial, ad hoc control; little or no formal measurement |
formal, planned system; explicit objectives, targets, measures, evaluation & rewards
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Values |
assumed |
clearly defined |
So where is your business on this chart?
Where does it need to be to link people performance to business performance?
How well do your people understand the following:
- Your Culture
- Your Strategy
- Your Processes
- Your People
- Your Results
For further information please contact Sue Barrett on 03 9532 7677.
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Article 3: "Do you have a moment to speak?"
A simple question that can make all the difference to the outcome of your prospecting sales calls
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Article Perspective: |
- Why so many outbound prospecting
calls fail to yield results or
attract customers
- What do customers really want?
... How customers' ideas of value are changing
- Telephone Prospecting Etiquette
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Do
these situations sound familiar?
Scenario 1:
Ever been at home around 6.30 - 7.30pm; been at work all day and
now in the middle of preparing dinner for you and/or your family.
Your children, pets or partners are wanting your attention.
You're thinking about your TO DO list for the next week which includes
work, home and whatever else. And then ... the phone rings ...
with child on hip (for some of us) you grab for the phone whilst
turning done the pasta before it boils over. All the while making sure
you
don't trip over the hungry, meowing cat whilst trying to answer the
phone in a civilised fashion only to be greeted by ...
"Hi it's SAM
(not their real name), I'm from XXX company and we are
BLAH BLAH BLAH BLAH (spiel goes on for about 30+ seconds and you can't
get a word in edge ways)"
Scenario 2:
You're at your desk in the middle of an important discussion
with a colleague talking about a (take your pick)
- performance issue of a key member of staff
- major tender that needs to be out in 2 days
- project that is delayed and behind schedule
...and your direct phone line rings. You pick it up because you
are waiting for an important call which is related to your
current discussions and ...
"Hi it's SAM
(not their real name), I'm from XXX company and we are
BLAH BLAH BLAH BLAH etc. etc."
Meanwhile you are getting frustrated at
trying to tell them its probably not a good time to call as you are
rather busy. And whilst there might be a remote possibility you
may be interested in what ever they have on offer, it would be made so
much easier if they only started the call
in the following way:
"Hello, my name is
Sam, I am from XXX
company.
Do you have a moment to speak?..."
Why
do so many telelsales consultants
and
sales people fail to ask this question when making outbound prospecting
calls?
They have never been taught how to make effective customer focused
prospecting out bound sales calls which take into account the current
situation and needs of the customer
Why
does this problem occur?
- Many companies still adopt a
"tell and sell" approach! Which is all about "LOOK AT ME! LOOK AT ME!" or
the "Talking
Brochure Syndrome": Many Telesales
Consultants and Sales People still adopt a "Product Focused" sales
approach where they usually launch into telling the customer about their
product/service without investigating whether or not the customer might
have a genuine need for their product/service. They are reduced
to being a "talking
brochures". This approach is out dated and doesn't work
anyway..
- Their sales training is really only training in the product or
service's features and benefits
- Their calls scripts are structured around information that is all
about their company and are not centered on gaining an understanding of
the customer
- Many Telesales
Consultants and Sales People either:
- just "wing it" as they have no formal consultative sales
process to follow (let alone it being relevant to their target market)
- are relegated to reading from a "one size fits all" script
which leaves the customer feeling disengaged and disinterested
What
do customers really want? ... their ideas of value are changing!
- Value no longer means just lower prices
- And value is more than service ...
- They want an experience which is memorable
- They want their experience to be personalised
- However, there is also a greater focus on the measurable
performance of products & services
- We have entered the age of the "Experience Economy"!
- Being a "Talking
brochure" is no longer viable
Prospecting Call Etiquette
Example Approach 1
Sales Person | Hello, my name is YYY and I am from XXX company. Do you have a moment to speak?
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Potential Customer: | I am busy right now. |
Sales Person | I appreciate its a busy time. The purpose of my call is ... (no more than 10 seconds). When would it be a good time to contact you to discuss this further?
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If the customer is interested to talk further arrange a time to call back and stick to it
If the customer is not interested see if you can briefly ascertain why they are not interested (if nothing else for market research purposes) and if there is any likelihood of interest in the future should circumstances change (if so then arrange another time to call back) or if there in no further scope in the call then move on to the next call and start again.
Example Approach 2
Sales Person | Hello, my name is YYY and I am from XXX company. Do you have a moment to speak?
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Potential Customer: | "Yes sure... what's its about"
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Sales Person | Thank you, I appreciate your time. The purpose of my call
is ... (no more than 10 seconds). Do you mind if I ask you some questions to understand your needs and to see if we can be of direct assistance to you with our products/services? (continue with a consultative sales call process
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Remember
- Adopt a
customer centered approach which takes into account the situation and
needs of the customer
- You have 10
seconds to get the purpose of your call across so the customer can make
an informed decision as to whether to pursue the call or not
- Use a
structured consultative selling skills process which
investigates customer needs and provides adequate solutions where
appropriate
- Help the
customer to have a good experience regardless of the outcome of the call
- No one
care how much you know until they know how much you care!
For
further information please contact Sue Barrett on 03 9532 7677.
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Other News, Public Events and Workshops
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New Barrett Team Member
Welcoming Kate McKernin to the Barrett Consulting Group Team
With over fifteen years experience in sales, training and call centre
management/operations, Kate brings a wealth of knowledge to each and
every project including:
- Call Centre Management
- Call Centre Consulting
- National Training Management
- ISO Quality processes and procedures
- Infield sales and account management
- Development and implemtation of marketing strategies
- Project management Greenfield sites for call centres
Through her assignments, Kate has developed a practical insight into
how organisations change and what is required to lead them to future
growth. By listening to her client's needs and objectives, she
has the unique ability to seek out the best solutions to complex
business issues or objectives.
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Our Values in more depth.
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- Be passionate and courageous about what we do
- Keep a firm eye on the bottom line
- Be disciplined in thought and action
- Be committed to our firm's business success
- Explore ideas, be innovative and create practical real solutions
- Develop healthy, productive relationships with co-workers and clients
- Let others know about our firm
- Take responsibility and ownership for our work
- See our work as part of a holistic environment
- See the link between our job, our clients' and our organisation's success
- Help set and implement organisational goals
- Take personal responsibility for client service
All Companies have a culture, some companies have discipline, but few companies have a culture of discipline. When you have disciplined people you don't need hierarchy. When you have disciplined thought you don't need bureaucracy. When you have displined action, you don't need excessive controls. When you combine a culture of discipline with an ethic of entrepreneurship you get a magical alchemy of great performance.
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Greatness is a matter of conscious choice, Barrett Consulting Group.
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