Archives for January 2011

When Hiring, Never Compromise

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I once traveled to Boston with a colleague to hire for a position. After three intense days of back-to-back interviews, we ended up flying home empty-handed. We interviewed sixteen candidates, in multiple interview rounds. We combed through close to 150 resumes. Still, we walked away because we just didn’t find the right person.

There are 300 million people living in the United States and 35 million in Canada.  The right people exist for every role. You just have to keep looking. Trust your gut, too.  When your gut says, ‘no’ don’t let yourself keep trying to make it say ‘yes.’

Patience is a virtue when you’re hiring. Be willing to wait for the right person.

Most “A” players aren’t out there looking either, so you might just have to shake the tree a few more times…

What Are Goal Setting and Review Meetings?

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Do you have Goal Setting and Review meetings? If not, then you should. These are perhaps one of the most high impact meeting types there are, but only if you do them effectively. This blog is here to help with that!

Here you can find an outline of what a Goal Setting and Review meeting is and some tips on making them effective.

What is a Goal Setting and Review Meeting?

A Goal Setting and Review meeting is a one-on-one meeting that you have with the people that report directly to you. Then they have them with the people that report to them and so on down the line.

In this meeting, you set goals with your direct reports for the week coming up and ensure that their goals are aligned with the objectives of your team and the company as a whole.

“Team goals need to align with the aim of the company or organization. While these are going to mirror individual goals in many ways, team goals will be much larger and broader in scope. Some constraints need to be taken into account when setting team goals. These include the amount of time, the company budget, and the resources that the organization has available.” – Docket

What to Focus On

Goal Setting and Review meetings are meant to be a blend of direction, development, and support. They’re not an opportunity to task things or do project follow ups. It is only thirty to sixty minutes every week, so you need to keep focus.

The main purpose of this meeting is for you to coach your team members one-on-one, demonstrating to them how to be more effective in their roles. Keep the focus on that. It’s also a meeting where a lot of ‘situational leadership,’ an idea developed by Ket Blanchard and Paul Hersey, gets used.

“[Situational leadership] is when a leader adjusts their type of leadership to best suit a particular situation or task.” – Indeed

Why is it Important?

Done right, Goal Setting and Review meetings eliminate 80% of the emails between you and your direct reports during the week. How is this possible?

Instead of emailing each other with random questions and ideas, you add those to a list that will be discussed at the Goal Setting and Review meeting. This saves you both tons of time during the week. Needless to say, it also saves a lot of frustration caused by the miscommunication that occurs in email.

“Owners and managers are responsible for the goal-setting process as they are the leaders in the organization and tasked with maximizing the return of stakeholders vested in the company. The goal-setting process puts everyone on the same page and defines how to accomplish the goals.” – Bizfluent

If you’re not routinely meeting with your direct reports on a weekly basis for Goal Setting and Review meetings or something similar, then start today! You’re sure to see improvements very quickly.

If you have questions or would like more information, I’d be happy to help. Please send an email, and my team will get in touch with you!

Editor’s Note: This post was originally published in August 2011 and has been edited for accuracy and comprehensiveness.

Establish Goals First

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The four areas that SMART Goals in your business are needed for are:

1. Revenue. Determine a solid revenue goal for the next twelve months.

2. Profit. Employees need a profit goal to guide them.

3. Customer Service. I highly recommend using the Net Promoter Score here. It’s the single easiest way to measure true satisfaction.

4. Employee Satisfaction. I also recommend using the Net Promoter Score for establishing the benchmark for employee satisfaction as well – one number from one easy question.

For each of these areas, leadership needs to determine a goal for each area. To ensure that the goals they come up with are SMART, I use these guidelines to help me (mine feature a slight variation on the popular business acronym):

S – Shared – Sharing goals with a coach, mentor or team member adds a little extra pressure to hit them.  I even share them with suppliers and clients.

M – Measurable – Put a number on each goal so you can easily say if the goals were hit or missed. Make the goals clear. Hazy goals produce hazy results.

A – Attainable – Your goal has to be remotely possible for it to be included.

R – Relevant – Ensure that all goals are worth working on.

T – Time-based – Put a date on goals if they’re due before December 31st.

Once you have the goals set and the team is committed to hitting them, the next thing you need to do is discuss boundaries. That is to say, yes, you want to hit these goals, but to what extent? Would you work 90 hours a week to hit them, or at maximum, 45?  Would you give up equity in the company to raise money to help you hire people to hit the goals? What won’t you do?

Here are some example points that are worth discussing while you create your own list of boundaries:

· Amount of debt you’ll take on

· Number of hours you’ll work

· Number of days traveling you’re willing to put up with

· Percentage of profits you will share, 0-100%

· Percentage of equity you will give up in the company, 0-100%

· Will you complete any acquisitions? If so, how many?

· Would you fire ‘C’ or ‘B’ players? When?

It’s critical to have the discussions in advance.  Boundaries are like values–you can’t compromise them to win.

Unique Ability

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Years ago, I took a course by Dan Sullivan called “Strategic Coach.”  In the course, they taught us about something they called “Unique Ability.”

My “Unique Ability” turned out to be that I use quick, intuitive ideas to help entrepreneurs reverse engineer their dreams.

In a perfect world, I would outsource, delegate, or stop doing anything except for those tasks that utilize my Unique Ability.

Here’s how Dan Sullivan defines “Unique Ability” in his Strategic Coach program:

“First, it is a superior ability that other people notice and value; second, we love doing it and want to do it as much as possible; third, it is energizing both for us and others around us; and, fourth, we keep getting better, never running out of possibilities for further improvement.”

In order to truly focus, use this simple exercise to help you start working only on items that are close to your Unique Ability:

1) Make a list of everything you do daily and weekly.  I like to pretend someone took a video of me working all day for a month and I write down everything in the movie.

2) Put all of those items in column one of a spreadsheet.

3) In column two, put one of these four letters describing your skill level related to the task:

a. I = Incompetent – meaning you’re terrible at it

b. C = Competent – meaning you’re OK at it

c. E = Excellent – meaning you’re awesome at it (but you don’t love it)

d. U = Unique Ability – follow Dan’s definition above.

4) In column three, put the hourly wage you’d be willing to pay someone to do that task as a full time job.

5) Then begin quickly delegating, stopping or outsourcing the lowest paying tasks and the tasks where I have only a C or I.

This simple system will help you quickly become more focused on doing exactly what you need to grow your company and love doing it.  Imagine if you had everyone in your company only working on areas that warranted the wage you were paying them or were at least items where you and they would rank them as E or U.

I work very hard to coach entrepreneurs on doing this every two weeks, you get the lesson for free.  Try it.

2011 Laptop Ads Revealed

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Laptop Advertising 2011

Here are the awesome new companies now advertising on my laptop for 2011…

OutsourcingThingsDone.com is a leased labor business based in Manila, Phillipines.  They provide high-level virtual assistants, customer service teams, plus much more.  With clients in the US, Canada and Australia they can work to find you a solution for your virtual labor needs.  Plus, it’s who I’ve been using for the last 6 months for my virtual assistant.

Nita Lake Lodge is Whistler’s Most Exclusive Luxury Boutique Hotel.  It’s position overlooking Nita Lake was chosen long before the boutique hotel was built in 2008. Nita Lake Lodge is a truly luxurious accommodation that provides both the private beauty that comes only with waterside property and the convenience of being steps from the base of Whistler Mountain.  Inside you can indulge every sense. Settle in to sumptuous comfort as you take in lake, mountain or valley views from your suite. Discover a new world of tastes in one of three gourmet restaurants that celebrate organic, locally sourced foods.  Or enjoy the including spa treatments.  I know it well – my chalet is a one minute drive away.

Appletree Answers is committed to providing an integrated communications center for inbound and outbound calls, emails, faxes and chats. Delivered through a state-of-the-art infrastructure, the company’s service gives business owners and employees a 24/7 messaging center. With dedicated teams and 21 offices around the United States and Puerto Rico, Appletree delivers a powerful customer service experience that positively reflects on every one of their customers. Based in Wilmington, Delaware, Appletree Answers is a consistent winner of business awards and recognition including four years in a row on the INC 500.

I Love Rewards is an employee recognition solution that helps companies recognize brilliant performance and empowers employees to choose their own rewards.  Unlike traditional service award programs, I Love Rewards creates authentic moments of recognition that resonate with workers of every generation.  I know this company in depth.  I mentored them back in 2007/08.  They’re really well run.  Consistently rated a top company to work for nationally.

Ruhlin Promotion Group is someone you should engage in 2011.  There are millions of companies that offer value added products & services, but executives are too busy to hear how great your product is…unless you shock them at their core. Ruhlin Promotion Group employs “strategic appreciation” and it involves giving gifts that are so cool and different that your potential clients and current clients have no other choice but to respond. Custom engraved Cutco, eclectic Robert Graham shirts, plasma sized woodcarvings…nothing is too high end or off limits. Bottom line they can help you open doors & thanks clients with gifts that rock and inspire people to pay attention.  I already have a FULL set of their chefs knives engraved with my name & company logo on them too.  His new sticker is en route…and will replace Kiva.org

Background Backup delivers a very personal level of service to business owners & entrepreneurs looking to ensure that critical business data is securely protected and accessible. Tailored for organizations sized 1 to 100, data is automatically encrypted and backed up as often as every 15 minutes, to local drives as well as secure cloud locations.  No-one really cares about backing up, but EVERYONE cares about being able to restore – wherever you are, and whenever you need it.  I used them all of 2010.  Love them.

Do You Have One Yet?

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Why would you try being an entrepreneur or CEO of a growing company without having a coach to help you navigate.

Every top athlete on the planet has one.  Their coaches pushes them to higher and higher heights.

All the top CEOs work with a coach.  Their coaches help them see what’s really happening.  They help drive them, they help guide them to work on the highest impact areas and not keep getting distracted by the busyness of the day-to-day.

Having a coach guide you with a couple of calls or meetings every month can easily be one of the highest impact things you can do to grow your business this year.

Getting an outside perspective from a coach, will allow you to learn from their expertise and experiences as you discuss the key areas you are working on each week.

Some weeks you may learn nothing new.  And on other calls, one single insight can save or make you hundreds of thousands of dollars.

Often your coach will be someone you could never afford to have working for you day-to-day, but their coaching programs can be very affordable.  A friend of mine said “”If the Coach can’t add value beyond the fee, then you’ve got the wrong Coach. If the Coach delivers, it’s better than free! Easy call here.”

Why not try one for 6-12 months.  Why not invest in growing yourself & your business instead of trying to figure it out all by yourself.

This is an open invitation to “Crazy-Busy” CEOs, entrepreneurs and business owners who know they could be working less and making more if only they had the right guidance from someone who’s already been there and done it!

Ya, I coach entrepreneurs & CEOs, and if you’re reading this, perhaps you’d like me as your coach this year too.  If you have the right stuff – I’d love to help you make your dreams happen too.  Drop me a note.

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book-4

Meetings Suck: Turning One Of The Most Loathed Elements Of Business Into One Of The Most Valuable

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We all know that meetings suck, right?

You hear it all the time. It’s the one thing that almost everyone in business can agree on.

Except it’s not actually true… 

Meetings don’t suck.

We just suck at running meetings.   

When done right, meetings not only work, they make people and companies better.

In Meetings Suck, world renowned business expert and growth guru Cameron Herold teaches you how to use focused, time effective meetings to help you and your company soar.

This book shows you immediately actionable, step-by-step systems that ensure that you and everyone in your organization improves your meetings, right away.

In the process, you’ll turn meetings that suck into meetings that work. 

In life, we always hear about people who’ve made huge decisions from their gut – without data.Today, I want you to make a decision, not only from your gut, but also from some data.  A decision that is only $12 per employee but will be priceless for your business.

Right now, your gut is telling you something is wrong with your company’s meetings.  You KNOW everyone complains about meetings.

People HATE going to them, they HATE running them, and they really have NO idea which meetings are truly necessary but they hold meetings simply because they think that is what they SHOULD do.

Even some of the smartest CEOs in the world complain about meetings – Elon Musk publicly told employees at Tesla & SpaceX to walk out of meetings if they weren’t being run properly.

I sent Elon a message saying that wasn’t going to fix anything – the key is to fix the root of the problem – NOT continue to ignore why meetings suck.

A Meeting is – Any phone call, video call or occasion where 2 or more people meet to discuss or work-through office topics.

Most employees on average spend 1-2 hours per day in meetings.

And likely, none of those employees – front-line staff or leaders – have had any training on how to attend meetings or participate in them, LET ALONE How to RUN THEM.

Consider this…

If the Average employee spends just 1 Hour per day in meetings – that’s 1/8th of their time.

If the Average employee earns $50,000 per year.

And they’re spending 1/8th of their time in meetings, that means you’re paying $6,250 dollars per year for just ONE employee to attend meetings.

The reality is, employees spend 1/8th of their time – and 1/8th of your company’s payroll – doing something they have literally NO idea how to do.

The Reality is…

95% of employees are booking & leading meetings – and they have NEVER been trained on how to run them.

95% of employees have had NO training on how to show up and participate in the meetings they attend daily.

And 95% of employees and companies have no idea what meetings are even necessary to hold.

Meetings CAN be hugely effective – IF you know how to run them

Meetings don’t SUCK, we just SUCK at running meetings. 

Investing $15 per employee – to help ensure the $50,000 a year you spend on them is an obvious and easy choice.

This could be the most impactful $15 you’ll ever spend and will save the company’s money, time and resources instantly.

Buying a copy of Meetings Suck for 100% of your employees and having them read it this month will have a huge impact on your company’s success.

book-5

Free PR: How To Get Chased By The Press Without Hiring A PR Firm

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Public relations has always been an essential part of doing business which is probably why you’re shelling out big money to an outside PR firm. But the truth is that you don’t need them. You already have all the necessary tools in-house to do as good a job as the so-called experts. 

Cameron Herold and Adrian Salamunovic have taught thousands of company execs how to exploit free media coverage and ditch these expensive, often ineffective outsiders. 

Cameron & Adrian have also built in-house PR teams, spent decades learning how to generate Free PR and how to leverage public relations to complement their sales and marketing strategy. 

In Free PR, you’ll learn how the media world operates while you gain invaluable insider knowledge and actionable advice on how to: 

  • Build your own in-house PR team
  • Provide effective interviews
  • Score great media coverage for free with just a few easy steps 

Landing public relations coverage for yourself and your company is a powerful tool to help elevate your personal brand. PR is easier to generate than marketing, PR is easier to leverage than marketing and PR is more cost effective than marketing. In other words, Public Relations is more critical than ever in growing your brand and your business. 

You’ve got more passion, commitment, a larger stake, and a deeper understanding of your business than any outside PR firm could ever have. So stop wasting money and take the reins yourself.  Learn the secrets to landing TONS of Free PR for your company.

What they’re saying:

“I think PR is the core for promoting any business. Public relations acquires customers! That’s what’s cool about this book.”

– Kevin O’Leary,  Shark on ABC’s Shark Tank

“The ultimate guidebook for those looking to get press, grow their brand, and get in front of the masses. Free PR is the roadmap you’ve been looking for.”

– Peter Shankman, Founder, Help a Reporter Out (HARO)

“Adrian and Cameron will show you the secrets of getting massive exposure for your business. This book is packed with actionable insights from two guys that actually know how to to do it.”

– Dan Martell,  Serial Entrepreneur & Investor (Intercom.io, Unbounce)

“I told Cameron to write the book on generating free PR. I’m excited to see that he’s finally sharing his secrets with the world. This is a must read for any entrepreneurial company and marketing team.”

– Verne Harnish, Founder of Entrepreneurs’ Organization (EO) and author of Scaling Up (Rockefeller Habits 2.0)

book-3-1

Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future

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Many corporations have slick, flashy mission statements that ultimately do little to motivate employees and less to impress customers, investors, and partners. 

But there is a way to share your excitement for the future of your company in a clear, compelling, and powerful way and entrepreneur and business growth expert Cameron Herold can show you how. 

Vivid Vision is a revolutionary tool that will help owners, CEOs, and senior managers create inspirational, detailed, and actionable three-year mission statements for their companies. In this easy-to-follow guide, Herold walks organization leaders through the simple steps to creating their own Vivid Vision, from brainstorming to sharing the ideas to using the document to drive progress in the years to come. 

By focusing on mapping out how you see your company looking and feeling in every category of business, without getting bogged down by data and numbers or how it will happen, Vivid Vision creates a holistic road map to success that will get all of your teammates passionate about the big picture. 

Your company is your dream, one that you want to share with your staff, clients, and stakeholders. Vivid Vision is the tool you need to make that dream a reality.

miracle-morning

The Miracle Morning for
Entrepreneurs: Elevate Your SELF to
Elevate Your BUSINESS

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READY FOR EXPLOSIVE GROWTH AS AN ENTREPRENEUR AND ACCELERATED SUCCESS IN THE REST OF YOUR LIFE?

A step-by-step guide to enjoying the roller-coaster ride of growth — while getting the most out of life as an entrepreneur. A growth-focused approach: The book is divided into three sections, which cover planning for fast growth, building a company for fast growth, and leading for fast growth. Each topic the author covers — from creating a vision for the company’s future to learning how to generate free PR for a developing company — is squarely focused on the end goal: doubling the size of the entrepreneur’s company in three years or less. A down-to-earth action plan: Herold’s experienced-based advice never gets bogged down in generalities or theory. Instead, he offers a wealth of practical tips, including: How to design meetings for maximum efficiency; How to hire top-quality talent; How to grow in particularly tough markets; How to put together a board of advisors — even for a smaller company; How even the busy entrepreneur can achieve a work/life balance.

READY FOR EXPLOSIVE GROWTH AS AN ENTREPRENEUR AND ACCELERATED SUCCESS IN THE REST OF YOUR LIFE?

Hal Elrod’sThe Miracle Morning has helped redefine the mornings and the lives of millions of readers since 2012. Since then, careers have been launched, goals have been met, and dreams have been realized, all through the power of the Miracle Morning’s six Life S.A.V.E.R.S.

THESE SIX DAILY PRACTICES WILL FUEL YOUR EFFORTS TO CREATE AND SUSTAIN POSITIVE CHANGE IN YOUR LIFE.

Now The Miracle Morning for Entrepreneurs brings you these principles in a whole new light—alongside the Entrepreneurial Elevation Principles and the Entrepreneur’s Elevation Skills. These are essential skills that you need to create a successful business and personal life. Cameron Herold— Bestselling Author and a widely-respected expert on entrepreneurial mindset—brings his wisdom and insight to you using Hal Elrod’s powerful Miracle Morning framework.

DEVELOP A VISION FOR YOUR BUSINESS, AND BECOME THE INFLUENTIAL AND INSPIRING LEADER YOU WERE ALWAYS MEANT TO BE.

The principles and skills you’ll find in this book will help you to channel your passion and achieve balance in a remarkable new way. – Learn why mornings matter more than you think – Learn how to master your own self-leadership and accelerate your personal development – Learn how to manage your energy—physical, mental, and emotional – Learn how to implement Hal Elrod’s invaluable Life S.A.V.E.R.S. in your daily routine – And much more… You’re already an entrepreneur. Now discover how to take your success to the next level by first taking yourself to the next level. The Miracle Morning for Entrepreneurs is your roadmap to masterfully building an empire with a powerful vision, utilizing your areas of personal genius, with the right team at your side.

Start giving your business and your life the very best opportunities for success, right now.

double-double

Double Double: How To Double Your Revenue And Profit In 3 Years Or Less​

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A step-by-step guide to enjoying the roller-coaster ride of growth — while getting the most out of life as an entrepreneur. A growth-focused approach: The book is divided into three sections, which cover planning for fast growth, building a company for fast growth, and leading for fast growth. Each topic the author covers — from creating a vision for the company’s future to learning how to generate free PR for a developing company — is squarely focused on the end goal: doubling the size of the entrepreneur’s company in three years or less. A down-to-earth action plan: Herold’s experienced-based advice never gets bogged down in generalities or theory. Instead, he offers a wealth of practical tips, including: How to design meetings for maximum efficiency; How to hire top-quality talent; How to grow in particularly tough markets; How to put together a board of advisors — even for a smaller company; How even the busy entrepreneur can achieve a work/life balance.