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And that person has almost certainly chosen specifically to be a startup lawyer over serving other types of customers because he or she enjoys working with entrepreneurs. And speaking of coaching, if you haven’t read Googled by Ken Auletta you should. EXECUTIVE COACHES. It’s a great read. No exceptions.”
We are living in a new generation of business, where customers drive the experience, and highly engaged employees are required to keep up with customer expectations. Of course, these are great, but they don’t happen without enlightened leadership coming first. Benton and Kylie Wright-Ford.
Every entrepreneur and business person I know wishes he had more time for coaching all the members of his team. I often hear the excuse that coaching takes more time than simply diving in and doing the job for the other person, but is that really true? Exceptional communication is a prerequisite to coaching.
In billing we literally started thinking about all of the types of bills that would be generated for customers: full payment, partial payment, split payment, senior discount, student discount, level pay plan, etc. He coached me that I had to start with the answers. I started by doing billing systems. How can I START with the answers?
Throughout the course of last year I never had more than $8,000 in my account. . Sign up customers who are paying you money for a service you can’t 100% guarantee is going to be operational for the full period that they’re expecting. I didn’t want to disappoint my customers. Of course I do! My employees.
VCs should be more of a coach than proscriptively telling you what to do. Of course it is super helpful if a VC can drop you in to important people for business development, recruiting, PR, sales and eventually M&A. I think of VCs as coaches. The best way – of course – is to reference check. Connections?
” So I did want any rational person who wants to improve does – I hired a coach. Whenever I heard why we didn’t feel a sales process at an important customer was going well (or if we lost) I would get involved myself. They are as good at selling you as they are at selling your product to customers.
If they’re not running their business then perhaps the wrong person was picked as CEO or perhaps they need more mentorship / coaching to better allocate their time. Of course they “need&# the title to convince customers, biz dev partners and VCs that they’re to be taken seriously.
I acted as the occasional mentor, advisor and coach to Ethan. And because I wanted Ethan to be able to attract a great team, build & iterate a product, test it with initial customers and refine his strategy before having to take the wrappers off of his company. The company was called Red Beacon. So there you have it.
And of course there was the Michael Porter’s “ 5 Forces.&# Frankly, I kind of found all of this stuff to be bullshit (bull shiitake?) People started to believe that there was real intellectual insight into the bullshit PowerPoint slides and customer surveys they were spitting out. I grew up and played sports all my life.
So I did want any rational person who wants to improve does – I hired a coach. Whenever I heard why we didn’t feel a sales process at an important customer was going well (or if we lost) I would get involved myself. They are as good at selling you as they are at selling your product to customers.
Of course I’m not preaching crazy, irrational spend or having Kid Rock at your next company party. You can do them all yourself, of course. You’re the coach, mentor, cheerleader. And while this might sound to the inexperienced person like a sensible idea – it is not. But at what cost?
Of course, this comment made me think of the many times I had been guilty of this more than occasional heads-down office work over the years of management and assume that most of you who have supervised others have fallen into the same trap. How do you frame menial desk jobs as “customer support?”. Had I been guilty? Shout it out! .
Good entrepreneurs can admit when their course of action was wrong and learn from it. Yes, I know it’s my job as the CEO to be the coach for people and that’s fine. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. They move the ball forward every day.
The functions of an early-stage board are pretty obvious and well understood: Providing introductions to customers, biz dev partners, recruits, the press, other investors, etc. Over time you start to figure out who you customers are and how to sell to them or how to get them to adopt your products if you’re a consumer-oriented startup.
While I do agree that many attributes of a good entrepreneur, such as curiosity, confidence and determination, are largely determined by early-life experiences, a good education is critical in understanding the elements of creating a business and wooing customers. Practical business courses are better than an advanced degree or MBA.
Once you are able to achieve some real “traction” with your business (paying customers, revenue stream), it may seem the time to relax a bit, but in fact this is the point where many founders start to flounder. The key is to make decisions from data and feedback, once your business has real customers and real products.
Here are the key reasons that I recommend that aspiring leaders focus on people before process: Customers judge the business by the people quality. Whether it be in person, on the phone, or implied in your marketing, your people and their engagement level is the key driver of customer loyalty, advocacy, and sales growth.
In addition, today’s customers judge a company by perceived people relationships through social media, phone conversations, and sales experiences. Of course, some balance is required. Customers demand more engagement and flexibility. In the end, engagement drives customer retention, sales, growth and profit.
” Of course I agree with this. In practice it can be a fine line between sparring partner / coach and stepping over the line to brute-force persuasion. Of course by the next quarter if I felt ripped off I could advocate for 7% or maybe ops requirements needed to be upped to 20% for one quarter.
For many, it’s hard to make the switch from that top-down order-giving culture, and it’s hard to find the time to recruit and coach the new team members you need to scale the business to success. You need them to make a personal commitment to customer service, improved quality, and change to improve the future.
Perhaps you need to do more to be a role model for accountability , and provide more coaching on exactly what it means. I often think of the scope of this example in my role as mentor to a struggling entrepreneur who is quick to blame his problems on employee mistakes, or even changing customer expectations.
Of course, they may be out of money as well, but that is often more of an “excuse” than a reason. You probably realize that the leading edge is very near the bleeding edge, where only early adopter customers dare to tread. On the other hand, if you wait for competitors to get there first, you may be left in the dust with no customers.
Of course, as you work with contract players, explore the potential for a long-term relationship, and wait until your organization matures to pursue career positions. By hiring contract experts, less oversight and coaching is needed. You all have to deal today primarily with on-demand customers in an on-demand economy.
by Donna Cutting, who is a globally-recognized guru on employee culture and optimizing customer service. In my experience, a healthy team is a prerequisite for a thriving business, innovation to meet market needs, and high customer loyalty. Of course, you as the business leader have a key role in making all this happen.
Of course I went through normal other channels of deal flow. We are judging how well you are coached on stage. I like to debate with them how they will land customers and how they deal with the press. I spent time on college campuses. I tapped my friends at big tech companies (Salesforce, Google, Oracle). Do you have good quips?
While I do agree that many attributes of a good entrepreneur, such as curiosity, confidence and determination, are largely determined by early-life experiences, a good education is critical in understanding the elements of creating a business and wooing customers. Practical business courses are better than an advanced degree or MBA.
With some coaching and mentoring from other leaders, I was able to do it myself, so I know you can do it too, by committing to the following strategies: Train yourself to always look for positives, not negatives. Of course, most professionals are optimistic, so they tend to over-commit and underestimate work requirements.
Of course, they may be out of money as well, but that is often more of an “excuse” than a reason. You probably realize that the leading edge is very near the bleeding edge, where only early adopter customers dare to tread. On the other hand, if you wait for competitors to get there first, you may be left in the dust with no customers.
This is true of any buying process where a customer has to make a large investment decision on your software or when an investor must decide whether to give you $5 million. Of course stringing out the process doesn’t lead to good outcomes. Possibly offend and entrepreneur leading to reputation risk amongst other entrepreneurs.
The creators of the renowned StartupWeekend — a place where random ad hoc teams work frantically for 54 hours to build a demo of a new business and then complete for fame and fortune — have picked up where StartupWeekend left off and have birthed a new course for entrepreneurs who need to level up called StartupWeekend Next.
While I do agree that many attributes of a good entrepreneur, such as curiosity, confidence and determination, are largely determined by early-life experiences, a good education is critical in understanding the elements of creating a business and wooing customers. Practical business courses are better than an advanced degree or MBA.
While I do agree that many attributes of a good entrepreneur, such as curiosity, confidence and determination, are largely determined by early-life experiences, a good education is critical in understanding the elements of creating a business and wooing customers. Practical business courses are better than an advanced degree or MBA.
Of course I went through normal other channels of deal flow. We are judging how well you are coached on stage. I like to debate with them how they will land customers and how they deal with the press. I spent time on college campuses. I tapped my friends at big tech companies (Salesforce, Google, Oracle). Do you have good quips?
Of course, they may be out of money as well, but that is often more of an “excuse” than a reason. You probably realize that the leading edge is very near the bleeding edge, where only early adopter customers dare to tread. On the other hand, if you wait for competitors to get there first, you may be left in the dust with no customers.
Does it mean the right thing from a customer perspective, societal impact, maximizing business returns or personal benefit? Another article indicates that 80 percent of customers continue to base some portion of their buying decisions on their perceptions of the company’s ethics. Be a coach, rather than a dictator.
But of course all of these things are intertwined. Obviously you need to be mentally flexible enough to spot if your instincts were wrong and a change of course is necessary. I’ve spent hours this week reading about the firing of the head coach and personnel manager of the football team I support – The Philadelphia Eagles.
Every business owner I know wishes that all team members were leaders, to proactively tackle the challenges of growth , interact effectively with customers on their needs, and eventually step into your role. Notice people who always take a customer perspective. It’s no secret today that customers are more demanding than ever.
Be sure to encompass all your constituents, especially including customers. Whole Foods , for example, has built their business with a commitment to natural and organic foods, and have a culture of loyal employees and customers, resulting in 500 stores worldwide. Commit to delivering a positive customer experience.
I found some good guidance on this subject in a new book, “ The Leader You Want To Be ,” by Amy Jen Su, a managing partner in an executive coaching and leadership development firm. Of course, there are good ways and bad ways to ask for help. Clearly identify key constraints around your request.
These days, with the many Internet articles and new courses available, most new entrepreneurs readily cross the gap from lack of business knowledge to knowing, but many never make it over the knowing versus doing gap. by Erica Peitler, a well-known leadership performance coach. Don’t let the memory of past actions limit thinking.
In addition, today’s customers judge a company by perceived people relationships through social media, phone conversations, and sales experiences. Of course, some balance is required. Customers demand more engagement and flexibility. In the end, engagement drives customer retention, sales, growth and profit.
These days, with the many Internet articles and new courses available, most new professionals readily cross the gap from lack of business knowledge to knowing, but many never make it over the knowing versus doing gap. by Erica Peitler, a well-known leadership performance coach. Don’t let the memory of past actions limit thinking.
In fact, most employee training courses recommend the distance if the work relationship crosses management levels, and most management policies strictly forbid fraternizing with the team. in sociology, and is a coach and speaker on work issues and friendship. Of course, all these things can happen in any workship.
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