Part III – It’s Not Who You Know, It’s Who Knows You! An Interview with Susan Knox of Corporate Connections

Susan Knox CEO Corporate Connections

Susan Knox of Corporate Connections is a tenth generation Georgian, with an exceptional reputation and network.   I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is compelling.  In fact, I thought you would find her story so interesting, I convinced her to sit for an interview.  This is the third installment of our discussion.

Jim: “What is your motivation?  What gets you out of bed every day?”

Susan: “Number one, I love having great people around me.  When I say great people, I mean people with integrity, who are smart, and ask ‘how can I help you first.’ They aren’t takers.  They check their egos at the door; men and women, who are genuinely good people.  I love having that as my nucleus and I thrive on meeting new people. The capital of my company is my relationships.  I think that relationship capital is under-valued currency.”

Jim: “So you wouldn’t call yourself an introvert.”

Susan: “No! I could not do what I do if I were an introvert.” 

Jim: “You said you have three brothers, older, younger?”

Susan: “All are older, I am the youngest.  I learned a lot from them. My dad treated me like a little princess. He also taught me to be fiercely competitive.  I could outrun them, swim across the lake underwater, and not come up (for air) because I was not going to disappoint them.”       

“I have a very competitive spirit.  I like to win.”

Jim: “How would you describe your clients, is there a common denominator?  Industry segments for example?”

Susan: “No, there isn’t. It’s really across the board.  I have three companies raising capital, a very big software development company, and a marketing company.  My clients also include a Law Firm, a Bank, and a CPA firm.  My Network and my clients are much the same.  I work with them on retainer until they feel they have gotten what they need and then flip them into the Network, my board.  My clients are a feeder system for my Network.   I want to make sure the members of my Network, work well together.  When I started my network membership, almost two years ago, I did not want to become industry-specific and have one member per category. It is not a leads group at all.  It’s totally about relationships and bringing people together that can be top of mind, where likes attract likes is the kind of group I wanted to build.”

Jim: “What was involved in creating Corporate Connections?”

Susan: “Well, I will never forget my first meeting. I invited people I knew well.  I called it “An evening of introductions.’ I am still using this title today. Nobody knew what to expect, because there was nothing like it at the time.  I was mixing people who should know each other.  I served wine and beer and went around introducing them.  One of my signatures is to have people introduce themselves (to the group). There is nothing better than knowing who is in the room with you so you can immediately pick out someone to meet. I learned early on to combine socializing with facilitated introductions, and then to follow up.”  

 “Through the years I’ve learned to give people the most for their time.  I learned to slow down, work the room, and let people know why they need to know each other.  I learned is to make a personal connection; mention that they both like to play golf, or they might be avid tennis players. Maybe their kids go to the same school or they are both Clemson Alumni.  I get to know my contacts so I can say something personal about them.  It takes some of the stiffness out of the room.”

 “I want to know about their passions. A lot of my contacts are willing to give back their time and their money.   Some want to be a mentor or to serve on a board.  So, for me to know your passion is important.”  

 “This morning I was with six hundred women who work with children that don’t normally have access to something like Westminster.  It is called Odyssey. These women all have a passion for giving underprivileged children a hand up.”

 Jim: “That would be an extension on what you are doing with a philanthropic angle?” 

Susan: “And, I tell everyone to figure out ‘what your passion is about and go volunteer.’  Get on a board, help with membership. Do whatever it is that you are passionate about.” 

 

TO BE CONTINUED…

Thank you for visiting our blog.

Jim Weber – Managing Partner, ITB Partners

Jim Weber – Managing Partner, ITB Partners

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

Part II – It’s Not Who You Know, It’s Who Knows You! An Interview with Susan Knox of Corporate Connections

Susan Knox CEO Corporate Connections

Susan Knox of Corporate Connections and I have known each other for at least 15 years, maybe more. She is a tenth generation Georgian, born in Atlanta, with an exceptional reputation and network.  Although I have attended a few of her events over the years, we have operated at the periphery of each other’s networks.  For the past six months, we have connected much more frequently.  We found that our business models were complimentary.  After exploring the potential synergy, I became her client, and she became a member of ITB Partners.   That’s a topic for another post.  I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is most compelling.  In fact, I thought you would find her story so interesting, I convinced her to sit for an interview.  This is the second installment of our discussion.

Jim: “You said, ‘it’s in your ‘DNA,’ and that you’ve had experience hosting events.  How did you use that experience to create Corporate Connections?”

Susan: “Well honestly, it happened by default.   It’s great that it happened.  As a matter of fact, today I ran into Marvin Cosgrove who inspired me to start my business.  He was the president of the Buckhead Business Association from 1999-2000.”  

 “I was in the wholesale jewelry business for 15 years. I owned a company called The Regency Collection. I loved it!  But I saw that things were changing, as manufacturers were closing their factories in Rhode Island.  Many people don’t know that Rhode Island was the jewelry capital of the World.  But the factories in China and Taiwan started knocking off jewelry companies in the States.  I saw the handwriting on the wall.  I had an opportunity and sold my company in 1997.  

 “In 1999 I was asked to join the Buckhead Business Association Board of Directors.   One day I suggested that we hold a Buckhead Business Expo.   Marvin said ‘Okay, I trust you implicitly.’  So, I negotiated with Phipps Plaza to hold the event.  The objective was to promote the members’ businesses and to attract new members.   In 1999, there weren’t many places to go and ‘plug-in,’ as networking wasn’t what it is today. During the event, I was introducing people to one another. The members told me that I was better at introducing them then they were able to do for themselves.  Many said, ‘here is my business card, and here are my marketing materials.  We will pay you a retainer and a percentage of the deals you help us close.’  I had eight people (at the Expo) handing me checks in April of 1999, who wanted me to represent them.”  

“It was fascinating because Business Development was not a common term back then, it was either Sales or Marketing.   Coming from the Jewelry Business prepared me to do this (Corporate Connections).  In the jewelry business, we held marketing events. I loved the events side, selling jewelry to housewives with my mother and my grandmother.  It was so much fun.  So, I thought it be wonderful to do what I love and create a high-end relationship business.”

“Over the years, people have asked me, ‘how do you monetize connecting people?’  My significant other said, ‘you picked the hardest thing ever to get paid for.’  The difference is, I am very direct and intentional, very proactive, and not casual.  It’s my business model.  It’s what I do every day.  I really feel lucky to be where I am, because I have pounded the pavement, paid my dues and sat on boards.  I have volunteered, helped fund-raise for non-profits, held events in my home, and have done many others for people who want to raise money.  I think I am in the best place I can be in my life right now.”  

Jim: “So, I am familiar with your Board, from which you receive an annual membership fee.”

Susan: “That’s called the Network. Those are people I want to be a part of my business so that I can look out for you all; knowing that you are my go-to people for new connections and to make sure that you all know each other, my inner circle. ”

Jim: “Are you still in the business of helping people who come to you looking for introductions?”

 Susan: “Yes. I work on a monthly retainer (with those people) and there are certain deliverables that go with what I do.  But the basics are the same.  I publish a new client announcement to my network showcasing their businesses.  It is something I plan to do for all my members.    It is great exposure for you all as you are hand-picked, subject matter experts at the top of your game.”

“My clients are people who say, ‘Susan I really need serious business development efforts behind my brand.   I’ve got to get plugged-in.’  They may be starting a new company and need help building their business, or they may be new to Atlanta and have been referred to me.  They hire me for a couple of months, and I will put them on the map, providing direct access to people they need to know.  As you know, they could spend two years, having coffee (meetings), meeting people one by one.  Or, they can hire me, and I will plug them directly into the people they need to know, immediately.

TO BE CONTINUED…

Thank you for visiting our blog.

Jim Weber – Managing Partner, ITB Partners

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

 

It’s Not Who You Know, It’s Who Knows You! An Interview with Susan Knox of Corporate Connections

Susan and I scheduled a meeting at a popular coffee shop in Roswell Georgia.  I like to be punctual, so I arrived five minutes early to order a cop of coffee, find a table and prepare for our visit.   As I entered the coffee shop, I immediately saw her, sitting at a table, waiting for me.  Of course.  That is Susan Knox.

Susan Knox of Corporate Connections and I have known each other for at least 15 years, maybe more. She is a tenth generation Georgian, born in Atlanta, with an exceptional reputation and network.  Although I have attended a few of her events over the years, we have operated at the periphery of each other’s networks.  For the past six months, we have connected much more frequently.  We found that our business models were complimentary.  After exploring the potential synergy, I became her client, and she became a member of ITB Partners.   That’s a topic for another post.  I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is most compelling.  In fact, I thought you would find her story so interesting, I convinced her to sit for an interview.

Jim: “Susan, thank you for making time to meet me today.  To begin our conversation, could you tell me about Corporate Connections.”

Susan: “I am a Business Accelerator I help generate revenue for companies and executives by providing high-level corporate introductions. I also connect companies with capital.  My tag line is,it’s not the people you know, it’s the people who know you.’

” I believe My Mission to connect executives and to help fill companies and individuals’ pipelines with prospects and influencers. And the reason I say prospects and influencers is because there are a lot of people out there that are doing business who need to know people, they can do business with.  They also need to know people who are very well connected. I have learned by doing this since 1999, that not only do I need to introduce my clients to people they can actually do business with but to find other Susan Knox who can help fill their Rolladex, growing their relationships exponentially.  ”

Jim:  ” So you not only help them with their business development, you help them build their overall Networks.”

Susan: “Totally.  I have had several conversations recently with people who say; ‘Susan if I had direct access to the people I am trying to sell to, I could win so many more contracts and get so much more business.  But I am going up against three or four other companies.’  So, a lot of people say, ‘if I could hire you, you could take me into the company directly at a level I need to be.’  The instances of me closing their business (contracts) are far greater.”

Jim:  “You are a 10th Generation Georgian, having lived here your whole life; is this background responsible for the creation of Corporate Connections?”

Susan: “Yes!  So, I think since I was little, I was groomed to do this.  I grew up in a family with three older brothers, very southern, hosting events, becoming a gracious host.  I always loved combining what comes naturally and what I enjoy doing, with something people want.  I mean, that is absolutely so true! I think I have been groomed to do what I am doing today pretty much since I was little.  Coming from Atlanta and having deep roots here, certainly helped.”

Jim: “Are your services appropriate to people and businesses planning to move to Atlanta?”

Susan: “It’s super valuable, but I haven’t really leveraged that.  I could certainly go to companies and say ‘if you are bringing people into Atlanta, I can help them with their transition. I could tell them about private schools, about country clubs, different areas of town, and that kind of thing.  But every day when I wake up, I think, ‘I have a network that I must be helping.’   My focus is 100% on connecting them with people they need to know”

Jim: “Corporate Connections is Atlanta-based, but I know you have clients in Dallas, Texas, and Memphis, Tennessee.  What other clients do you have outside the State of Georgia?’

Susan:  “I have clients in San Antonio, and a client out of New York, a Private Equity firm.  But you know, I have relationships all over the country.   I’ve met these people over the years, and those connections have connected me to potential clients that are trying to raise capital or that have an office in Atlanta.  What has been highly effective is a connection in Houston who has a Healthcare Think Tank.  She has sent me six clients in the past few months. It’s amazing the number of Texas Companies that want to do business in Georgia, and Georgia Companies that want to gain work in Texas.  So, we have collaborated a whole lot.”

Jim: “Do you have clients in other Georgia Cities?”

Susan: “Well, I have clients in Savannah, Macon, South Georgia, but the preponderance of my clients in Atlanta and the outlying areas.”

TO BE CONTINUED…

Thank you for visiting our blog.

Jim Weber – Managing Partner, ITB Partners

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

 

ITB Partners February Meeting is on the 21st!

Paula Fowler will present the Six Disciplines Strategic Planning System: A Sumptuous Breakfast Buffet is included.

REGISTER NOW

About this Event

Join Us for the February ITB Partners Meeting featuring Paula Fowler

Whether you are an Entrepreneur, an Employee or in transition, Strategic Planning is important to your success. Get ready for 2020 and learn the fundamentals from Paula Fowler, Six Disciplines Coach, and Predictive Index Certified Partner, offering small business owners tools to align people strategy with business strategy to achieve business results. Paula will present:

“It’s 2020 – What’s Your Plan?”

About Paula Fowler:

Paula Fowler

Paula is a strategic leader with a proven ability to create a company-wide vision and drive business results. Over 20 years of management and consulting experience in small to mid-sized businesses across a broad range of functional areas, including sales, marketing, finance, manufacturing, software development, operations, HR and customer support. Skilled as an internal consultant in analyzing existing operations and implementing strategies, processes, and technology to improve company profitability. Uses Predictive Index talent optimization tools to develop an organizational design, hire, inspire and drive team performance. Linkedin

REGISTER NOW

Date And Time

Fri, February 21, 2020

7:30 AM – 9:30 AM EST

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Location

Bella’s Gourmet Kitchen

350 Embassy Row Northeast

Sandy Springs, GA 30328

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Identify Toxic Entanglements: Adapt or Disengage

‘Show me a good crisis manager, and I will show you someone who creates a crisis to manage.’

Warning – Toxic Person

It’s Saturday morning. I just received a text message from my friend Faith. She forwarded a message from a colleague she calls ‘Hair-on-fire.’  The text she received was sent at 4:45 PM yesterday, Friday, surfacing another crisis.  ‘Hair-on-fire’ strikes again! Fortunately, Faith was engaged in another activity, so she didn’t see the text and wasn’t drawn into a last-minute waste of time.  As I mentioned in my post last week, this colleague has a habit of creating a commotion late on a Friday afternoon.  Just imagine, it‘s the end of the workweek and you’re ready to ease into the weekend.  You may have plans for the evening, anticipating some well-deserved fun and relaxation.  As you’re making the transition to ‘personal time,’ you’re assaulted with an urgent issue that requires you to revert to ‘working mode.’  Instant psychological whiplash.  I call foul!  This behavior strikes me as manipulative and narcissistic.  It appears that “Hair-on-fire” uses this tactic as a control mechanism to manage her matrix team.  From my experience, she probably believes that being a good crisis manager will result in recognition by senior management.  Early in my career, I learned something about crisis management. My most important takeaway was: ‘Show me a good crisis manager, and I will show you someone who creates a crisis to manage.’  This topic is of great interest to me.

A thesaurus search of “toxic” reveals synonyms related to poison, something to be avoided.  As with any poison, exposure to toxic people should be minimized whenever possible. How do you know you are dealing with a toxic person and how does one cope? Exploring this matter further will help us become more productive and effective. It will help you create a healthy workplace.  The starting point is to identify toxic people by their behavior.

ATTRIBUTES OF A TOXIC PERSONALITY

  1. Takes no responsibility for their actions – puts the blame on others
  2. Manipulative
  3. Never apologize
  4. Judgmental – highly critical, will negate your self-esteem
  5. Make you defensive
  6. Will not support you
  7. Inconsistent
  8. Narcissistic – Must be the center of attention
  9. Do not listen
  10. Negative outlook – never a positive word, project their emotions on you
  11. Never admit defeat – never wrong
  12. Will not go out of their way for you
  13. Present a victim’s mentality – emotional blackmail
  14. Always have ulterior motives
  15. They are mean – say things to hurt you

If you label someone as a ‘Drama Queen’ you’re dealing with a toxic personality.  They don the victim role to manipulate you into doing things for them. You dread being with them as they drain you of your energy, creating mental exhaustion. These encounters make you feel bad or disappointed by your inability to cope.   Toxic people are like vampires sucking the life out of you.  The best advice I’ve heard is to be empathetic but don’t necessarily hang with them. Set boundaries.  Don’t feed the beast by becoming engaged in their drama.

I find it difficult to understand why anyone would let toxic people into their life. I must be blessed as I cannot think of any truly toxic people that are part of my business or social circle. Sure, there are people I know who may exhibit one or more of these traits from time to time, but I cannot say that I have any toxic entanglements. It may be due to my experience, or maybe it’s my filters. However, there are people close to me who frequently deal with these personalities.  Fortunately, I can help friends, family members, and associates work through and detach from these people.

Faith, for example, has no choice but to work with ‘Hair-on-fire,’ as they are members of the same team.  Faith must adapt and cope with the situation.

Although it’s not the focus of this article, it must be very difficult if the toxic person happens to be a family member. They might not be able to change but you can do things to minimize the stress they create. Limit your time with them or end the relationship.

It is said that you become the average of the people with whom you most frequently associate. This refers to your behavior, your physical condition, professional success, etc.  If you understand that toxic people are made, not born, you know their behavior may be contagious.   I am fortunate that I attract people like me. I am generally a positive, and optimistic person by nature.  Although I don’t have toxic people in my circle, I do interact with them from time to time.  My experience is my shield, my intuition is my internal warning device. Toxic behavior is a big red flag. I find that life is too short to become entangled in their pathology.  If you recognize any of these attributes in your behavior it might be wise to seek help to nullify them.

For Further Information:

Dr. Karl Albrecht.  He has a short diagnostic you can access online which will help you determine if you were in a toxic relationship.

“Nine things toxic people always do and what to do about it” Coert Engles – IDEAPOD

“Six traits of highly toxic people“ Dr. Samantha Rodman, Talkspace, April 19, 2018

 

Thank you for visiting our blog.

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

 

Jim Weber – Managing Partner, ITB Partners

 

Don’t Become Entangled in Their Pathology!

One of the benefits of a healthy economy is that people seem more optimistic and happier. Clearly, this has been the case for the past few years, especially 2019. By and large, the people I met and interacted with last year were much more positive about the future for their businesses. They were busy landing new gigs and completing work for their clients. They were pleasant and easy to be around.

 

That’s not to say that I didn’t interact with people or learned of situations that were most disagreeable.  My friend Faith often speaks of a coworker she calls “hair on fire.”   This person has a special knack for surfacing a crisis near the close of business on Friday afternoons.  Faith finds this irritating, a waste of her time.  In this respect, “hair on fire” is toxic.

 

One of my clients wasted a significant amount of time working with a potential strategic partner who promised her the moon.  This person talked about entering a joint venture partnership whereby they would split the profits from their projects.  My client began working with him in good faith but continued to ask for a document to define their relationship. The more my client asked for an agreement, the more belligerent he became. That document was never delivered and my client realized that her counterpart was insincere.  In the end, he exploited her expertise without compensation.  Fortunately, her investment wasn’t exorbitant.

 

A vendor for another client put his business in turmoil by failing to show proper accountability to his minority partners.  He didn’t include them in important decisions and was not forthcoming.  Not surprisingly, his partners resigned, taking funds owed them out of the company’s bank accounts.  This resulted in additional problems for the vendor as those funds were designated for merchandise already purchased. The list goes on.

 

As my business is about helping my clients become more effective, it’s important to help them understand the warning signs of a toxic relationship.  There is great value in avoiding the cost of a pathological relationship, so understanding the warning signs is useful.  Toward this end, I invested time in reviewing articles that discussed the personal attributes shared by successful entrepreneurs.  A summary of the attributes promoted is listed below.

 

Attributes of a successful entrepreneur:  Passion, strong work ethic, strong people skills, determination, creativity, competitiveness, self-starter, open-minded, confidence, disciplined, salesmanship, communication skills, peacefulness, poised, intuition, adaptability, opportunistic, resilient, bold, management skills, focused, accountable, skeptical, and a listener.

 

I find it interesting that these attributes not only apply to success as an entrepreneur, but they are also relevant to an employee, a senior executive, or for one’s private life.  The best summary I found was from Brian Tracy who identified five qualities:  Self-discipline, integrity, persistence, clear sense of direction, and decisive and action-oriented.  Of the articles I surveyed, Mr. Tracy was the only author who identified integrity as a key attribute for success. I find that surprising, however, I agree completely.  From my perspective, poor temperament and a lack of integrity are the primary indicators of a toxic relationship.  If that’s the case, how can one minimize their exposure to toxic people?  How can one resolve that question before entering into a business relationship?

 

When coaching Independent Consultants, I advise them to create an entry-level vehicle as a lead marketing strategy. This is a small project with a short time frame, reasonably priced to present a low-risk profile to the prospective client.   This project will validate your capabilities as you work to establish a relationship with the new client. These entry-level projects are opportunities to build trust, the foundation for a longer-term relationship.  If a relationship cannot be established, neither party has lost much in the process.

 

I believe this is good advice for entering into any relationship. Begin with a small commitment to validate the benefits of a relationship.  It’s the best way to manage risk.  Of course, there is a lot of work you can do to ensure a viable working relationship even before landing that initial contract.  As your prospective clients are interviewing you, you should be interviewing them.  It is advisable to talk with the client’s vendors and or customers to gain further insight.

 

Many people have great ideas and want to be in business for themselves. If they lack a few key attributes those dreams will never materialize.  Be on guard so you aren’t caught in their pathology.

 

Thank you for visiting our blog.

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

Jim Weber – Managing Partner, ITB Partners

 

David Shavzin, CMC, Exit Strategist, interviewed on RadioX North Fulton.

David Shavzin Interviewed by N. Fulton RadioX

David Shavzin created The Value Track to help business owners build value and create a path toward a successful exit. Too often, they have not built the value they need and are unprepared when the time comes to put their transition into action. In this RadioX interview, “Maximizing Exit Strategy, Understanding Value”, interviewed by John Ray on Business RadioX®:  Listen to the Interview

David discusses critical issues that business owners need to understand in order to maximize the sale of their business. Exit planning is a process – not something to decide one day, and try to implement the next.

David helps business owners think through their long-term goals and plans, educates them on business value and brings the right – collaborative – advisory team around the table. He then assists in the implementation of value-growth initiatives, guiding them to a successful transition (sale, family transfer, etc.). His 7-step process improves their quality of life and allows them to exit on their own terms.

A frequent speaker on these topics, David is a CMC, former IMC Georgia chapter president and President and Co-Founder of Exit Planning Exchange Atlanta, formed to bring advisors together in a collaborative effort to serve their clients.

His early career was in banking and finance, then 12 years with life sciences company Sanofi/Aventis. He spent 4 years in corporate finance and Mergers & Acquisitions. Then, 8 years of leading teams responsible for Quality, Finance, Supply Chain, Customer Service and IT functions within a $175M subsidiary.

For More Information, Contact David Shavzin at:

(770) 329-224

david@getonthevaluetrack.com   

 

Do You Plan to Achieve Your New Year’s Resolutions?

Goal Setting

It’s that time again! Time to make New Year’s resolutions.  I suppose I’m like most people who revel in the excitement of starting a new year. In many respects, the new year offers the promise of a new beginning or an opportunity for change. It’s fun to share New Year’s resolutions and I’m sure that we’re all serious about achieving our goals.  Regrettably, within a few months, most people have given up on their New Year’s resolutions. Business, on the other hand, is a different story. Companies don’t have New Year’s Resolutions.  They have a vision and objectives.  My experience is that a business is more likely to achieve its goals.  Why is that?

I talked with many people over the past few weeks and have learned much about their plans for 2020.  My friend Faith plans to start a supper club to explore new food dishes and to get back to the art of dining at home.  One of my Associates at ITB Partners has created a strategy to develop multiple blogs, monetized through advertising and affiliate programs. He realizes that becoming profitable may take as much as two years, but he is excited about his prospects.

I am working with clients who want to change careers in 2020. Some are between situations and have the flexibility to explore new options while others are gainfully employed but desire a better situation.

These conversations were most interesting. Of course, the most typical resolutions are about personal development; simplifying lives, losing weight, improving diets, and to follow a healthier lifestyle. Continuing education and developing new skills are also popular.  I also enjoyed hearing from those who didn’t have plans to change anything other than to do better executing their current strategies.

My favorite morning talk show host is changing his strategy to include more knowledgeable pundits who can talk from a strategic perspective. I have a few initiatives that I want to pursue, including a seminar program to attract more clients.

While preparing my thoughts for this post, I found an article that listed 20 goals for entrepreneurs in 2020.  Whereas the goals proposed are relevant for most, the focus of the article was on goal setting.  The article even recapped the SMART formula.  It didn’t devote any ink on how to achieve those goals.  Maybe that is part of the problem.

Exploring this issue over the Holidays, I reviewed my favorite YouTube and podcast channels. One point that resonated profoundly was made by James Clear, the author of Atomic Habits. He talks about making small, manageable changes that generate other changes, which cumulatively make a big impact. I like that idea. I like the thought of finding a linchpin to provide leverage for other goals.

Another point Clear makes is that one needs a system to achieve their goals. This opinion is shared by Scott Adams, the creator of the Dilbert cartoon.  Adams is much more direct as he says “goals are useless, without a system.”  I concur with this point; a system is required to achieve a goal. Another word for a system is routine.

I find this to be a valid perspective! It reminds me of my early career in strategic planning and analysis. The planning process we followed included strategies and tactics (a system) to ensure the desired result. We also established timetables and mechanisms to track our progress. It was a useful process that required serious thought about how to realize our goals. We had a system. Our focus was on executing the strategy.

This year, my primary resolution is to lose the ten pounds I gained between Halloween and New Year’s Day.  I am confident I will be successful, as I have a plan and a system to achieve that goal.  I have several important business goals for 2020 as well. I haven’t completed the plan to achieve those goals yet. However, as I consider planning one of my greatest strengths, I am confident that I will achieve those goals as well.

Thank you for visiting our blog.

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

 

Jim Weber – Managing Partner, ITB Partners

Writing Is Important: Get Started!

Writing is a process

It was a very good week.  In addition to several client meetings and great interviews with candidates for my COO search; I talked with a few of our consultants and a prospective new member. One of those meetings included a fine cigar and a Guinness.  My favorite way to work!  I ended the week sharing a bottle of Cabernet with my friend and muse, Faith.  More on that later.

 

My meeting with the prospective new consultant was most instructive.  She has an interesting background that includes Fortune 500 experience and tenure as the CEO of her family’s business.  Her experience and insight into a family-owned, small-business are valuable to clients operating in a similar environment.   I enjoy these meetings as they are fun and enlightening.  I enjoy hearing about one’s career and challenges in building a new business. I find it interesting learning how they market their services. Each has a story worth sharing, which could enhance their personal brands.  I believe that business development requires a combination of strategic networking, public speaking, and writing articles or blog posts. The point is, we must find ways to leverage our time and resources by talking to a broader audience. By reaching a broader audience, I mean mass communication.

 

Most people I know are competent at networking and public speaking.  A few are even positive toward writing articles. They understand the value of a program that helps promote their written work over an array of platforms. Even so, I’ve been surprised to find that most are reticent about writing articles for publication. Their reluctance is of interest to me as these are solid professionals who know how to write for business. They know how to draft a proposal. They know how to structure a cover letter to support their job search.  Their writing skills are not an issue.  So, why are so many people reluctant to publish their thoughts?

 

Back to Faith and that bottle of Cabernet.  We get together every few weeks at a favorite watering hole to catch up and decompress.  Talking with Faith is always interesting and stimulating.  Our conversations are wide-ranging but always begin with a recap of the current week. Often, she helps me determine the theme for my weekly blog post.  This week, Faith shared a few interesting stories I thought a broader audience would appreciate.  I am convinced her stories will resonate with many as they’re about working for an NFL legend. I told her she should write a book. She demurred.  I said she should do it for her family.  If for no other reason, it would help her daughter and grandchildren appreciate her life. Faith agreed to think about it.  After sleeping on our conversation, I woke up with the topic for this week’s post.  Thank you, Faith!

 

We are busy people.  I get it!  Writing an article, even seven hundred and fifty words can be daunting.  Some cannot justify the effort. However, I know that writing an interesting article in a reasonable amount of time is a process.  Experience with this process generates confidence which changes one’s perspective, creating a new habit.

 

For Members who are reticent about contributing to our blog page, we provide alternatives like conducting an interview with the consultant or working on an article together including final edits. Most people are comfortable with these alternatives as they’re a lighter load.  This makes me think that helping people become comfortable as a writer, could be as easy as following a two or three-step process to gain confidence.  The benefits of one’s business development activities are too great to forego the power of writing.

 

After sleeping on it, I arrived at an alternative which Faith might appreciate. I could make video recordings of her telling her life stories.  Recording her while enjoying a glass of wine, or two might add an interesting touch.  I know it would be more fun for her.  We could create a digital book.  In time, I’ll wager that she will migrate toward writing that book.  Even if she didn’t publish her work, it would be a very valuable gift for her children.

 

Thank you for visiting our blog.

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

 

Jim Weber – Managing Partner, ITB Partners

Jim Weber, Managing Partner

ITB PARTNERS

Jim.Weber@itbpartners.com

North Fulton Business RadioX Interview, September  26, 2019

Author of: Fighting Alligators, Job Search Strategy For The New Normal

You Have The Prospect’s Attention: Now Close The Deal!

A close friend and associate, John, become a successful independent consultant after leaving his corporate career.  His transition was relatively easy as his network was strong, and he was well respected.  His network was so powerful that he seldom failed to close a deal where he had a first-party referral.  Those referral-based deals launched his career, with a little help from me.  His challenge was closing deals when he had a third-party referral or if he had surfaced the prospect. That was an important learning experience for John.

 

 

John had difficulty closing a prospect unfamiliar with his reputation.  We would debrief after those situations and I would offer suggestions to improve his technique. During this time, I recognized a self-destructive pattern common to inexperienced Independent Consultants.  John had difficulty selling himself.  Inadvertently, he repelled his prospects.

 

 

As discussed in my last post, prospective clients must become comfortable with the consultant.  They want to ensure that the consultant will make them look good.  Stated more bluntly, they want to ensure that they won’t be fired for letting a contract with an incompetent consultant, someone disruptive to the culture.  These are the same concerns any manager would have when considering a potential hire.  In John’s case, he struggled to make a connection.  He would launch into problem-solution mode before he fully understood the prospect’s concerns.  He didn’t ask questions that addressed their cultural imperatives and potential minefields.  He would pontificate about concerns the client should have but may not have considered.  John wasn’t necessarily wrong, but his delivery was off-putting, insulting even.  I could see how the prospect would be concerned about him.  I am certain they wondered if he would be difficult to manage and disruptive to the company’s management style.  He did not assuage their concerns.

 

 

I had a similar experience recently.  I was talking with a prospect about helping them through Chapter 11.  This was a third-party referral, so I had to sell myself to the prospect.  On my first visit, I focused on satisfying my need to ensure a successful outcome, rather than to understand their perspective.  I was preoccupied with trying to extract information about their financial reporting capabilities.  I was concerned that I wouldn’t have the information I needed to do my work.  I wasn’t putting the prospect at ease.  Looking back on the situation, it may have seemed like an interrogation to them.  They were on guard, looking stone-faced as they provided minimal information.  Fortunately, I recognized my mistake early enough to redirect my approach. I asked them to provide background about the cause of their financial situation and what they thought needed to be done.  Their demeanor changed immediately as they went into detail about their needs.  I had cracked the code!  I stayed with that approach, drawing them out with open-ended questions.  The more they talked, the greater my empathy for their predicament.  People don’t want to be told what to do.  They want to work with someone who will help them understand their problem so they can find a solution together.  This tact was the beginning of a relationship that led to an engagement.  It’s odd that I didn’t begin with this approach as it is my preferred style.

 

 

My initial tact with this prospect was a rookie mistake, uncharacteristic for someone with more than twenty years of experience.  Landing contracts is about building relationships.  The prospect wants to know that you have empathy for their situation, you aren’t judgmental, and understand their needs.  The most effective way to accomplish this is by asking open-ended, non-threatening questions.  This will help them open up to you.  Approaching them in this manner demonstrates your professionalism.  They will come to understand that you are sincere in your interest to help and that you are a fit with their culture.  Eventually, John learned this technique and became a consulting powerhouse.

 

 

Remember, from discovery to close, your prospect is evaluating you.  They want to know that your project management style fits with theirs.  They don’t want to inject a disruptive influence into their company. The client wants to enhance their reputation and keep their job.  They probably have more work in mind and would like to find someone to help them in the long term.  So, if you want to close more deals, take time to understand the client’s situation.  Ask questions to stimulate a dialog, generating information you need to help the client.

 

Thank you for visiting our blog.

I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox.  Toward this end, put your contact information on my mailing list.

Your feedback helps me continue to publish articles that you want to read.  Your input is very important to me so; please leave a comment.

Jim Weber – Managing Partner, ITB Partners

Jim Weber, Managing Partner

ITB PARTNERS

Jim.Weber@itbpartners.com

North Fulton Business RadioX Interview, September  26, 2019

Author of: Fighting Alligators, Job Search Strategy For The New Normal