How is it going in your business?

HOW IS IT GOING? Well, – go on, – just how is it going? Let’s be clear, I don’t need to know your answer to the question. The reason I don’t need to know, is that you are sitting at your desk running your business and I’m sitting at my desk, running mine – i.e., I can’t see you!

But – what if I could see you? Well, to be honest, if I could, there is a sporting chance that I would be able to tell whether you are doing well, or whether, like many, you are struggling in a market where cutbacks are now common place. On the other hand, I might detect that you are in fact doing rather well!

Why am I telling you this? Well, we gets loads of ‘coaching tips’, some of them work whilst some evidently don’t. Perhaps you are fed up with those that don’t, so here’s one that works for all of us.

In short, if you go to see a prospect with a look on your face, and a general demeanour that says you have just dropped your last pound down a drain, guess what? Your prospect will probably detect that instantly! You will go on, no doubt, and tell the guy that you want his business, and quite right too. However, your prospect will read that as ‘I desperately need your business!’ Is it likely that you will sign up his business? You answer that one!

In Pharos we use a model. Feedback tells us that it’s one of the most self-sustaining models in our toolkit. It is rather aptly named the SOS model – so very easy to remember. It is particularly relevant to prospect meetings, presentations etc and will make a massive difference to your conversion rate, if used correctly.

S is for ‘State’ – your state, both physical as well as mental. Do you look the person you want to be recognised as? Do you look professional, knowledgeable, and approachable? Does your choice of suit blend with the dress code of the potential client? That’s the relatively easy bit; but what about your mental state? Is it all gloom and despondency, a furrowed brow, a slight stoop, shuffling of feet etc? In short, does your body language reflect the possibility that you desperately need, rather than want his business?

In coaching, we refer to “acting as if’”. Acting as if we are extremely successful, happy, fulfilled, passionate and dynamic business people, sales people or whatever we are! What change could we make that would enable us to do that more easily? Well, it’s not that difficult – just concentrate on all that you have, rather than all that you would like. And if it’s difficult to get your head around that, think of the orphan children in the ghettos of India who spend all day and most of the night rummaging on the city rubbish tips trying to find something they could exchange for a crust of bread!

Think of the abundance of wealth – yes, wealth in which each of us sits. Think of the achievements we have accomplished in our lifetime. Think of the happy memories – maybe our wedding day, or the birth of our children, their ‘growing up’ the celebrations etc. Then take all that bounty into your head, your heart and your soul – and live the life that it all represents. Then you will be seen as someone who wants business, using the fantastic experiences we all have had in the business world, and the superb product or service we sell,. Never again, will you be seen as someone who desperately needs business!

So, I have told you what the “S” was for. The “O” is for ‘outcome’ – what is the very minimum that I want/expect from this meeting – fix that in your mind and stick to it. The final “S” is for strategy – how will you achieve the outcome, what will you say, how will you price etc??

I have summarised the middle “O” and the last “S” because research tells us that our state delivers no less than 75% of the chance of our success, whilst the remaining 25% relates to the strategy.

So, if we are only concentrating on our sales strategy, is it really any wonder that we are disappointed with our client portfolio? Well, now add the 75% and see what a difference it makes!

Rod Higginbotham is an accredited business coach, who specialises in coaching business owners and corporate executives in the improvement of their personal performance and consequently the performance of their companies.

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Nobody’s perfect!

What would you like to change about your performance and that of your business?

No matter how successful we are most of us would ideally like to change some aspect of our work performance or our personal life where it is impacted by work. Perhaps we are “workaholics” who can’t switch off…much to the annoyance of partners and friends.

Perhaps we lack the original “VISION” we had for the business when we started it. Over the years we have been ground down by the pressures and demands of the business to the point where we are fire fighting on a regular basis.

Some business owners/managing directors feel the business has got beyond their control and is running them rather than the other way round. They feel “stuck” or impotent, no longer able to make the decisions that would move the business to the next level. They need more Sales, more Profits, more Cash, but can’t seem to see a way to get them.

Equally some of us lack the skills or confidence to deal with those difficult “people issues” that seem to rear up at the worst possible times. We often try to ignore them and hope they go away……..but they never do!

The good news is that it does not have to be this way.

Getting help for performance improvement is often something that the owners/directors of SMEs do not feel applies to them, either on grounds of cost or time or because they see it as a “big company ” activity: or they are too stubborn or proud to admit they need it!

However, improving the performance of the person or team running the business makes good business sense for a number of reasons:-

  • Improved focus on the key issues
    • Improved long term planning
    • less time wasted on peripheral issues
  • Improved management of people leading to
    • improved morale, retention of talent and lower spend on recruitment
    • improved culture leads to improved ability to attract top talent
  • Lower stress levels for employees at all levels
  • Positive impact on the bottom line thorough higher productivity, improved effectiveness and lower spending.

Why Coaching rather than Training?

Very few of us fail to get some benefit from attending a training programme; but several months later we have often forgotten what we learned or failed to make use of it in our daily routine so the benefits are lost.

Research shows that Coaching is more likely to result in sustainable change and also that if managers attend training and are provided with coaching their productivity will rise by more than double the improvement with just the training.

In 2003 a study for Nortel Networks concluded that the company achieved a return on investment from providing one-one coaching of over 500%.

Top sportsmen and athletes all use coaches to keep them improving. There is no reason to suppose that executive performance could not be improved by confidential, one to one coaching.

It may not make you “perfect” but is will help you move from the place you are to one where you are happier with your performance and perhaps your whole life as well.

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Engaging our people, adding value to our business.

What do your employees cost your business? What value do they contribute? 100%? 75%? More, or less?
In what way do they contribute to the success of your business:

  • Physically, with their presence?
  • Intellectually, with their minds engaged?
  • Motivationally, ‘going the extra mile’?
  • Emotionally, with their heart, mind and soul?
What your people doLevel of engagement
Turn up, turn up on time, and do what they are contracted to doPhysical
Use their mind and use their initiativeIntellectual
Use their discretionary effort and ‘go the extra mile’Motivational
Sing the praises of your business outside work – recommend their own grandmother work for you – both advocate and ambassadorEmotional

In the first instance we need people to ‘deliver’ according to their contract of employment: we want people turning up, turning up on time, and doing willingly and well that which they are contracted to do. This is a good start. But don’t we want more?

There is plenty of evidence linking employee engagement with high performance – however you define high performance – whether customer care, quality, or productivity – all of which contribute to sustainable business and greater profitability.

Do you and or your managers have the knowledge, skills and confidence to lead your people? Let us explode the myth that leaders are born – leaders of people are made – and self-made, as leadership is ‘a reciprocal arrangement between those who decide to lead and those who choose to follow’. Any one can develop their leadership capability with a little professional help.

So let’s get people doing the basics, then ‘move them up the food chain’, through our example and our leadership.

Here are ten top tips for engaging your people and elevating their level of engagement ‘up the food chain’

  1. Regular informal ‘one-to-ones’ with a relevant and engaging agenda
  2. Communicating a clear and engaging sense of purpose
  3. Formal performance appraisal – and aligning individual objectives with the purpose of the business
  4. Formal personal development reviews – and aligning individual learning and development needs, and career opportunities, with the purpose of the business
  5. Team Briefings – that communicate up (questions and views from staff), down (information), across (not just a cascade) and down again (questions answered and demonstrate staff views have been heard)
  6. Situational Leadership – ‘different strokes for different folks’ at different levels of their individual development and for each individual’s different time of life – supporting staff through change
  7. Skill-up first line of management to set the standards of conduct, performance and behaviour, to motivate and support people to meet the standards – but also to deal with poor performance or inappropriate or behaviour issues quickly and effectively – and making sure front line managers role model the behaviours we expect of our staff
  8. Annual or biennial staff attitude surveys
  9. Employee voice – mechanism/s for individuals to make their views known in a non-attributable manner
  10. Contracts, policies and procedures that support the behaviours you want to see in your staff, together with pay and reward mechanisms that create a clear ‘line of sight’ between individual behaviours and business success
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