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Quotable Quotes: Success

Sunday, January 23rd, 2011

Have you noticed how often people mention ‘success’, whether talking about careers, companies, kids, politics, religion, pets and on and on.

The search results for quotes about success are pretty trite; but some to share and a few are from unexpected sources, so let’s start with the traditional and move out from there.

Winston Churchill is often quoted on a variety of subjects and I think his take of success is worth remembering, especially during those periods when nothing goes right, “Success is going from failure to failure without losing enthusiasm.”

Donald Kendall offers a great insight for those who get a kick out of odd bits, “The only place where success comes before work is in the dictionary.”

I really like David Brinkley’s definition of success, “A successful man is one who can lay a firm foundation with the bricks others have thrown at him.”

Jon Bon Jovi’s definition (bet you didn’t expect him to be here) is another facet of the same gem, Success is falling nine times and getting up ten.”

And Warren Beatty sees it this way, “You’ve achieved success in your field when you don’t know whether what you’re doing is work or play”

Finally, there is the age old question: what is the nature of the link between success and happiness? I really like Ingrid Bergman’s take on it, “Success is getting what you want; happiness is wanting what you get”

Image credit: http://www.flickr.com/photos/clearlyambiguous/96998932/

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The Start of Planning Season

Friday, November 19th, 2010

winners

Every year I spend time with clients helping them understand the kind of planning they need to do now in order to be on the road to success the following year; I also like to share an outline of the process with you.

You have to have a plan
Anyone leading a company, even a company of one, needs to know

  • what you want to do, and
  • how you’re going to do it.

This brings you to the crux of the matter—how do you plan for a sustainable business?

Choose your approach

  • SOP (seat of the pants): Used frequently throughout business history, and extensively in the late Nineties. The CEO (top dog) discusses her desires over lunch with other (hopefully) senior staff members. Separately, each manager prepares a budget, including headcount for his department based on
    • what he thinks is needed to accomplish what the head honcho says she wants and
    • increasing his own leverage within the company (although these two are frequently reversed).
  • PBO (operating plan w/budgets and objectives): Requires more thought and effort, but is the approach of choice for well-run companies. It requires the
    • creation of a viable operating plan to achieve the objectives; and a
    • detailed budget by which to implement it.

SOP, in all its glorious variations, spells chaos (which can be accomplished with no help from me), so we’ll focus on PBO.

What’s PBO?

Three interlocked pieces—each critical to success.

1. A budget that states

  • how much is available to spend during the upcoming year and
  • who is responsible for spending it.

2. The specific objectives that the company needs to accomplish during the year,

  • financial, e.g.,
    • increase revenues 10%
    • increase services to 25% of revenues; and the
  • quantified managerial, e.g.,
    • raise productivity 8%
    • reduce turnover 15%

3. A description of how the company plans to achieve the objectives in order to move forward on accomplishing the company’s long-term twin goals of profitability and success.

The end result is a detailed business roadmap for the coming year.

Where’s the rocket science?
The three parts are interrelated and must be tightly linked, so changing one affects all.

That’s it. Simple, right? Unfortunately, many executives treat them as separate entities wreaking havoc on their subordinates. They don’t get, or don’t care, that it’s a domino effect and that when one changes they all must change.

Which are you?

  • The boss who can’t be bothered to do the hard work and make the tough decisions and doesn’t worry about jerking his people around because ‘they’ll get over it’; or
  • the boss who believes that with a good plan, known objectives and a viable budget all the managers—executives to the lowliest supervisor—will buy-in and execute intelligently throughout the year?

As always, it’s your choice.

Image credit: http://www.sxc.hu/photo/914885

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The Difference between Holding On and Letting Go

Monday, September 20th, 2010

difference

Saturday I said, “It’s innovation, no matter where it’s done, and MAP that drives jobs,” and that I would expand on MAP’s role today.

Ask people what an entrepreneur does and their description will usually say something about starting a company.

But there is a critical psychological difference between entrepreneurs that has nothing to do with investment, revenue or even employees.

  • It’s the difference between creating a company and being self-employed—even if you have 50 employees and $50 M revenue.
  • It’s the difference between trusting others and what those in the startup world call founder ego—the belief that you can do any job better than anyone you hire.
  • It’s the difference between making yourself central to every action and decision within the company or hiring well, delegating and then getting out of the way, so people can do their jobs.
  • Simply put, it’s the difference between holding on and letting go.

And it is that difference that often decides not just the company’s success, but whether the founder sticks around or leaves—willingly or with help from the board/investors.

Flickr image credit: http://www.flickr.com/photos/helga/3436664563/

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The ‘Whole’ Takes You Beyond Good

Friday, July 2nd, 2010

baseballAfter Monday’s post I had several emails and calls wondering if the ROI for seeing the ‘whole’ was really worth the effort considering the frequency of switching jobs and even industries, not to mention the speed at which everything changed. One caller said he was exhausted just thinking about it. (He was being factious—I hope.)

So on this Friday, before you grab the beer to celebrate your freedom, let’s consider the ‘whole’ in terms of WIIFY (what’s in it for you).

The short answer is that wrapping your mind around the whole is the difference between being considered ‘good’, ‘OK’ and ‘competent’ vs. having adjectives such as ‘great’, ‘brilliant’ and ‘world-class’ attached to your name.

And making the effort to be a ‘whole’ person provides a major benefit for you, personally by reducing—even eliminating—boredom.

Even a constantly challenging job can become routine; the two things that keep it interesting are people, who are ever-changing, and the intricacies of understanding your and the job’s impact on surrounding people and tasks and how it fits into and impacts the whole.

It’s similar to enjoying a baseball game; if you think the most fascinating position is pitcher and that’s the only player you watch, you’ll miss a lot of the action. In fact, you’ll probably miss many of the game-changing plays.

You’ll actually find a lyric harmony in the ‘whole’ and will be much quicker to notice any discordant notes giving you a decided edge within your current company as well as a more accurate assessment of what is really going on.

Mixing metaphors is not good writing, but this kind of holistic, or perhaps I should say ‘wholistic’ approach will be far more accurate in predicting whether you should fish or cut bait.

How’s that for good WIIFY?

Flickr image credit: http://www.flickr.com/photos/irenetong/485727716/

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Do You See the Hole or the Whole?

Monday, June 28th, 2010

donutWhen you evaluate a task or project to you see the whole or the hole?

Most people are adept at seeing the hole, i.e., what needs to be added in order to succeed. What’s missing can include scope, skills, resources, etc.

Unlike donuts, holes don’t enhance your projects. Being sure the hole is filled is important, but it’s also difficult to fill it if you don’t also see the whole.

The whole is the overview of how that particular project fits into the larger picture. Understanding that helps you to identify and address the entire hole, so you don’t end up having to go back and fix the part of the hole you missed or, worse, move on leaving an unnoticeable hole that turns into a sinkhole down the road.

Seeing the whole means taking time to understand not just your own position/area, but the functions of those around you and how they all interact, your company’s competitors and trends in your market.

More work? Yes.

A pain in the wazoo? Yes.

The benefits to you, your team and your company? Priceless.

Stock.xchang image credit: http://www.sxc.hu/photo/758343

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Your Strategic Edge

Monday, May 24th, 2010

senior-teamDo you run a small or medium business (SMB)? If so, do you have a senior staff?

“Senior staff” doesn’t necessarily mean a bunch of vice presidents (for convenience I’m using that title), but it does mean the top people in your company who manage different functions (with or without staff). They are the people you rely on

  • as a sounding board;
  • for both tactical and strategic intelligence;
  • to tell it like it is—even when you don’t want to hear it
  • to see and understand the big picture;
  • to lead the effort in employee acquisition, motivation, and retention;
  • to support and strengthen the culture she envisioned;
  • to not sabotage another group or start a turf war, and
  • to help stamp out politics whenever and wherever it rears its ugly head.

And more, but you get the idea.

How to build your senior staff

The first item on your agenda is to determine what parts of your business/company beyond the standard finance, development, marketing, sales should report directly to you for peak performance. You don’t want a function that is absolutely critical to your success reporting through or responsible to someone else (agendas do get in the way).

It may be customer service (or whatever it’s called); it could be IT; if you are large enough to have someone handling HR it should definitely report directly to you.

Support functions, such as HR, are often left to report to someone else, which can prevent you from knowing what is really going on.

Where does one find talented VPs? Now and then you’ll be lucky enough to actually hire someone complete with all the bells and whistles that you want, but it’s more likely that you will find someone with the right potential.

Be aware that the main thing that separates good senior staff apart from other managers is a strong strategic ability, which means they see the entire team and understand how their department or area fits into the whole.

I’ve known many C-level executives who never grasp this, as well as director level and lower managers who get it.

All your staff needs a real understanding of business, including financials, and it’s your responsibility to make sure that they get whatever training and information is needed to do their job as a member of your senior staff.

Further, if you want the most powerful senior staff possible cross train them in each other’s functions and challenges.

Think of the phenomenal value of a finance person who understands the intricacies of manufacturing as more than a set of numbers; a head of product development who understands financials, customer service and inventory turns; an HR head who understands what actually happens in the different departments, etc.

Think of the power inherent in a senior staff that understands what it takes to turn an idea into a product and a product into revenue.

Think of what a difference it will make to your ability to do your own job, not to mention the overall success of your company.

Flickr photo credit to: http://www.sxc.hu/photo/909053

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Wordless Wednesday: Belief Makes You Susceptible

Wednesday, February 10th, 2010

susceptible-to-successImage credit: maurice.heuts on flickr

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Ducks In A Row: People Are Like Bats

Tuesday, December 15th, 2009

ducks_in_a_rowDid you know that as nimble as an ordinary bat is when flying it can’t take off from a level place?
If it is placed on the floor or flat ground, all it can do is shuffle about helplessly and painfully until it reaches some slight elevation from which it can throw itself into the air. Then it takes off like a flash.

That’s also a good description of what happens to workers who aren’t given what they need to succeed.

Whether it’s coherent instructions, correct and complete information, additional training, viable feedback, or something else, without it they struggle to survive, let alone thrive.

If you want your people to perform and succeed then it’s your responsibility to provide the slight elevation from which they can launch themselves.

Identifying and providing that slight elevation is your responsibility, whether you consider yourself a leader or a manager.

That small height isn’t one-size-fits-all nor is it necessarily what works for you, which means you need to learn through interaction and discussion what constitutes a feasible elevation for each individual and provide it.

That’s your job, whether you are a CEO, team leader or anything in-between, that is what you are paid to do.

So if doing it doesn’t float your boat and give you an adrenalin rush every time someone takes off you’re in the wrong position. You may like the paycheck, but you’re leaving your people to shuffle in circles and setting them up to fail.

And doing so will come back and bite you at some point.

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Image credit:  ZedBee|Zoë Power on flickr

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Quotable Quotes: Success

Sunday, December 6th, 2009

success-quotesSuccess has as many definitions as there are people and the best ones are those that are private. You know, the ones you think about at 3 am or hug to yourself as you fall asleep at night.

Most of the quotes about success follow predictable lines and there are enough to count instead of sheep if you’re having problems sleeping. That doesn’t mean it’s a bad choice for today, it just means I had to look a little harder to avoid boring you.

Oh well, in a salute to the norm we’ll start with Harry F. Banks comment, “For success, attitude is equally as important as ability.” Or we can translate it to Miki-speak and say it’s all in your MAP.

And that means, as Adlin Sinclair said, “You are the embodiment of the information you choose to accept and act upon. To change your circumstances you need to change your thinking and subsequent actions.”

Lily Tomlin hit the nail on the head when she said, “The road to success is always under construction”

And Anon backs that up with a nice little play on words, “Success comes in cans; failure in can’ts.” (I love language plays like that.)

Albert Einstein offers up a great formula for success, If A is a success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut. Funny how many people forget just how critical ‘Z’ is to achieving ‘A’.

But it is T.S. Eliot who offers up the real truth of the subject, Success is relative: It is what we can make out of the mess we have made of things.

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Image credit: alter1fo on flickr

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Wordless Wednesday: Business Smarts

Wednesday, November 18th, 2009

guaranteed-success

Now click over and see the mindset you need to embrace.

Image credit: stephmcg on flickr

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