Strategy



If you keep doing what other people want you to do, and thinking about what other people want you to think, what do you suppose is likely to happen?

Repeating the successes of the past, preserving tradition, doing things as they are “supposed” to be done, will- at best – produce results like those had before.  Except that in this new future – our present – those results can’t possibly be as good, as productive, or as powerful as they once were.  And probably not as much fun, either.

 


Everyone wants to be more successful, but often, hard work seems just too hard. Some people turn to the Law of Attraction for help, so I’ve been thinking about that a lot lately.

Hey, you know what? All hoopla aside, I like the LOA. And why not? It’s a cool idea, and if the choice is between focusing my mind on things I want versus focusing on things I don’t want, I’d rather spend my mental energy on things I want.

But here’s the question: Is “just” thinking, and emoting, and visualizing, and meditating, and yes, praying, about things I want going to bring them into my life?

 



In times like these one the easiest things you can do to earn more is to make sure you upsell your customers and clients.

Upsell?

Upsell, in case you’re not familiar with the term, simply means offering your customer more than what they originally planned to purchase. When the guy behind the counter at McDonalds asks, “Would you like fries with that?”, that’s an upsell. When reservation clerk asks if you’d rather sit in the VIP orchestra section instead of the mezzanine, that’s an upsell. When the car salesman offers you the super snow-resistant undercoat on your new Hybrid, that is an upsell.

 


Here are three “Marketing Mistakes” that business owners routinely make.  (I saw an article in Direct Magazine which inspired me.)

1. Marketing plans and not aligned with business goals.   For instance, say you have a goals to grow top-line revenues by 50%. (Only 50%?  Well, it is a recession.)  In Formula 5 terms, that would mean a three-part combination of strategies to improve pricing and margins, monetization of each customer, and of course, lead generation.   Most business owners never think this way. They never try to figure out what it will take to reach that 50%, in action-oriented terms.

 


I just discovered this note left over from writing Be Unreasonable:

“All unreasonable ideas violate some accepted wisdom.”

That’s a pretty good acid test. If you want to know if your ideas are “unreasonable” then make sure your are contravening something that you were heretofore certain was true.

 


I just read this following passage in Gary Kasparov’s new book, “How Life Imitates Chess.” He has been writing about the phase of a chess game called “nothing to do,” and how greats such as Petrosian and Karpov used this time to eke out small positional advantages.

“In life, there is no such obligation to move. If you can’t find a useful plan, you can watch television, stick with business as usual, and believe that no news is good news. Human beings are brilliantly creative at finding ways to pass time in unconstructive ways. At these times, the true strategist shines by finding the means to make progress, to strengthen his position and prepare for the inevitable conflict. And conflict, we cannot forget, is inevitable.”

 


Start here: Answer the question, “What am I trying to accomplish?”

Then, “What are some of the ways that can happen?” This will give you the high order possible strategies.

Next, validate that this is, in some way, possible. Use internal and external market research.

Your research opens up the Gap Analysis, and starts to answer the question, What is needed to get THERE?

Consider, “How different is that from WHERE YOU ARE NOW?” and “What are the ways to close the gaps?”

Prioritize which gaps are most important AND most closable AND Have the biggest payoff.

 


I watch a lot of movies – all sorts, but in my movie tastes I’m not that evolved. I especially like eighties and nineties action pictures.  I really like movies like the Die Hard series and Lethal Weapon, even the new version of the Bourne Ultimatum.  And what I’ve learned from watching of these kinds of movies is that the hero – the one who kills all the bad guys – does not win by hunkering down, staying in hiding and waiting for them to come to him.  He wins by running right out in front of the villains – charging towards them with everything he’s got and screaming at the top of his lungs.  He lunges towards the competition firing – as they say – with both barrels.   He puts himself at tremendous risk and doesn’t quit until it’s over.  That’s the unreasonable approach.

 


Are there really only three ways?

I’ve been wracking my brain to find a new one, but there’s no way around it.  Although there are hundreds of specific approaches, when you distill them all down, there are only three ways to expand a business.  Three main ways, and only three.  What are they?

1. Sell more to your existing customers
2. Find more new customers
3. Merge or acquire your competitors

You might ask, “What’s the point of talking about three when there are ‘hundreds of specific approaches’?”  That’s a reasonable question – it’s easy to think consolidating them obscures the opportunity.  But in fact, it’s just the opposite.

 


Yesterday I wrote that “perfection prevents progress,” and that was a mis-statement.  Just as “money” is not the root of all evil, but “love of money” may be, it is “perfectionism” that prevents progress.  Perfectionism is the love, desire and single-minded pursuit of perfection, and that is what truly slows things down. Perfection is great if you can have it.  Just don’t spend too much time going after it.

 


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