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Thought Tweet #352

by Rick Baker
On Nov 22, 2011
Thought Tweet #352 When Leaders tell followers what to do they need to limit that telling to BIG PICTURE things.
 
The Thinking Behind the Sales Tweet
Some think Leaders should provide followers latitude to do their work as they choose. Some think that’s the way to breed creativity and maximize motivation, innovation, and results. Meanwhile, many [perhaps most] entrepreneur-Leaders tend to micro-manage. 4 keys to success in business:
  1. The Leader must pick strong/capable followers, 
  2. The Leader must tell those followers the desired BIG PICTURE things such as VALUES, VISION, MASTER RULES, and MAJOR GOALS, 
  3. The Leader must show those followers how he/she [the Leader] goes about his/her work [actions]…i.e., setting one example, the example that fits the Leader’s strengths and personality, and 
  4. the Leader must make it clear he/she expects followers to take action that fits their unique strengths and personalities.

Tags:

Leaders' Thoughts | Thought Tweets | Values: Personal Values | Vision: The Leader's Vivid Vision

Robin Todd visits our Centre for Family Business [CFFB] - “Confessions of a Bad Boss”

by Rick Baker
On Nov 15, 2011
Robin Todd, President/CEO of Marks Supply Inc., was the special-guest speaker at CFFB’s October breakfast.
 
Description: Robin Todd, CEO/President - Marks Supply Inc.
 
Robin shared her family-business story and she shared her ‘boss’ experiences. That title “Confessions of a Bad Boss” send many messages. Here are some of the thoughts that went through our minds as we listened to and talked with Robin:
  • No Boss is perfect…all Bosses make mistakes
  • Owning up to those mistakes…that involves self-awareness, courage, and a desire to improve
  • All Bosses can learn…it starts with self-monitoring
  • Bosses can learn from their mistakes
Robin has a habit of testing herself with tough questions…here are a few samples:
  • What if you impede the success of your company?
  • Great people have options: how do I find them? Entice them? Keep them?
  • What did you do wrong to allow this person to leave?
Robin’s key message was:
 
How much better would your company be if you were a better boss?
 
About Marks Supply Inc. – a local Family Business Success Story.
 
Marks Supply is a wholesaler of top-quality Plumbing, P.V.F., Hydronics and HVAC products.
 
Recognizing their products, to some degree, are viewed as a commodity, Marks Supply strives to out-service its competition.
 
Robin joined the family business when she finished schooling. That required an adjustment on the part of her Dad. He wanted to separate family and business. None of Robin’s 3 older sisters worked at the family business. Robin was the first and only to join her father. They agreed to a one-year period. After the year, when her Dad agreed to keep her full time he provided this piece of advice:
 
“Show up earlier, stay later, work harder, and be happier than everyone else.  Don’t embarrass me.”
 
What clarity and candour of advice. What valuable Father-to-Daughter advice. Particularly the part about being happier, what a way to lead by example: working hard and being happy while you do it!
 
Working for her father, Robin moved through a number of jobs…as her career unfolded and her responsibilities grew.
 
In 1995, when her father decided it was time to sell, he sold the business to Robin. That was a surprise to Robin and others in her family and her business.
 
At this ‘transition’, Robin’s Dad provided another excellent piece of advice:
 
“Don’t be trapped…make sure you have money…there will be surprises that require money.”
 
Robin followed her father’s advice. She repaid her ‘buy-out’ debts in 5 years.
 
During the last 16 years, Robin has led Marks Supply to impressive growth - from $8Million to $71MM.
 
Robin was very candid. She plans for continued growth.
 
Why?...
 
”Because you grow or die!”
 
It was very clear to all of us…Robin isn’t a Bad Boss…Robin balances the numbers side of business [impressive growth of revenue] with the personal side of business [the Human side]. She thinks a lot about the people who choose to follow her at Marks Supply. She has learned from the people-mistakes she has made. She takes full responsibility for her errors…and her self-development.
 
Robin closed with:
 
“If you care about your people, you should let them know”
 
***
 
Congratulations on your personal and business achievements, Robin!
 
THANK YOU for sharing your Family Business Success Story with our CFFB.
 
PS: Robin Todd was recently has selected as one of Canada’s 100 Top Women Entrepreneurs in the 12th annual PROFIT W100 ranking. This, of course, is far from the first time Robin’s leadership has been recognized…and there’s no question – it will not be the last.
 
Link to Marks Supply
Link to CFFB

Tags:

Entrepreneur Thinking | Family Business and CFFB | Leaders' Thoughts | Succession

Thought Tweet #342

by Rick Baker
On Nov 8, 2011
Thought Tweet #342 Don’t keep guessing why results didn’t happen: define and measure the Conversion of Actions.
 
The Thinking Behind the Sales Tweet
More often than not people ignore the need to measure the conversions that link actions to results. One of my friends uses a PIE approach. PIE: Plan, Implement, and Evaluate. His PIE approach allows him to make adjustments and achieve goals.

Tags:

Leaders' Thoughts | Thought Tweets

the Transporter of your messages

by Rick Baker
On Oct 28, 2011
You ship messages…
 
…every waking moment
 
…every single day.
 
Why not spend 30 seconds or so, right now…thinking about “the Transporter of your messages”?
 
Before you present your messages to the Transporter of your messages you flavour your messages with your Mood and with your Thoughts, particularly your assessment of the Situation at hand.
 
Then, your message is delivered by your appearance, your body language, especially your facial expressions, your tones, and the gestures you make with your hands and arms.
 
Those are the transporters of your messages.

Tags:

Leaders' Thoughts | Communication: Improving Communication

Situations

by Rick Baker
On Oct 25, 2011
We say Business only contains 3 things: People, Process, & Situations.
 
We need to clarify what we mean by ‘Situations’.
 
Situation def’n:
 
a snapshot of an instant in business life…the people, the ‘props’, and the immediate environment
 
At Spirited Leaders, we teach:
 
The right People, of course, are the most-important assets of your business
People create Process
People influence Situations…ideally; the majority of the influence is in the positive direction
 
Let’s spend a bit of time clarifying that last one: People influence Situations
 
Example #1: Say you or one of your salespeople show up to a meeting and your Client is there as expected. But, not expected, your Client’s boss is sitting beside your Client. You walked in the room expecting one Situation and, instead, you found another. Everything but one was exactly the same as you expected. The one thing that wasn’t expected – actually, not a thing, a person – was the addition of your Client’s boss. So, the Situation changed. As any good sales school would teach…you need to make an adjustment to accommodate the unexpected Situation.
 
Example #2: Again, you or one of your people is about to visit that same Client. This time when you arrive everything is as expected except for one small change. Your Client’s office is sweltering hot and the humidity feels like 100%. Same people, different environment…different Situation. Again, you need to make an adjustment to accommodate the unexpected Situation.
 
Example #3: Like above, except no boss and the room is room temperature. This time there is a power failure so you cannot deliver your presentation on the big screen as planned. A ‘prop’ has changed. Again, you need to adjust.
 
Or…
  • you spilled coffee on your shirt on the way to the Client’s office or
  • lightning knocked a tree across the road and that made you late for the meeting or
  • you forgot those important papers
  • or
  • or
It only takes a little thing to change a Situation.
 
But – and this is good news – a little change in Situation can mean everything!

Tags:

Business Contains Only 3 Things | Leaders' Thoughts | Definitions - Spirited Words Defined

From Dire Straits to Great

by Rick Baker
On Oct 20, 2011
Many people tout the book ‘Good to Great’, by Jim Collins.
 
I am one of those people. My favourite parts are two of the analogies: The Hedgehog Concept and the Flywheel.
 
However, I have recently discovered few people in our geography know what a hedgehog is. So, for the last 10 years when I have said things like, “the Hedgehog Concept in Jim Collins’ classic ‘Good to Great’ really resonates with me” most people have not understood a word I was talking about.
 
…I am working on that.
 
A hedgehog is a little insect-eating creature that lives in Europe, Asia, and other places…but not North America. While they are not the same species, hedgehogs and porcupines both have pointed things sticking out of their bodies…to protect them from predators.
 
Enough about hedgehogs…
 
When I say things like “the Hedgehog Concept in Jim Collins’ classic ‘Good To Great’ really resonates with me” I have another problem. The other problem lies in the title of the book, i.e., the words ‘Good to Great’. For many people, business days are not full of passion in search of excellence. Business days are a struggle in search of simple solutions.
 
Maybe the following category descriptions will explain what we are seeing at SouthWestern Ontario businesses:
 
Great
Good
OK
Struggling
Dire Straits
 
We could create detailed descriptions, backed by many years of research, to define these categories…as Jim Collins did for ‘Good’ and ‘Great’. But, that’s not necessary. Most business leaders know where their businesses sit.
 
And, of more importance, they know if they are prepared to make the changes necessary to move their business up the list.
 
Jim Collins discussed and answered the question “Why be Great?” near the end of his book.
 
What about the question “Why be better?”
 
Some would answer like George Bernard Shaw:
Why Not?”
 
Some would answer from a different philosophical direction:
Because you can.”
 
What’s your answer?
Why would you want your business to be better?
 
and
Are you willing to lead the changes, making personal changes, to make your business better?

Tags:

Leaders' Thoughts | Change: Creating Positive Change

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