
The list of technology options today is long and growing and available in features-rich products that support and improve virtually every business task. How much are you adopting technology to help you leverage the humans in your organization?
The list of technology options today is long and growing and available in features-rich products that support and improve virtually every business task. How much are you adopting technology to help you leverage the humans in your organization?
People make New Year’s resolutions all the time. But do you know anyone who actually kept one?
OK — one person, but he’s the same guy who reminded the teacher that she’d forgotten to give out the homework.
Knowing how difficult, not to mention annoying, resolutions can be, there’s a different way to kick off the new year in your small business. I call it Strategic Look At Critical Components, or SLACC, for short. So instead of getting all bound up in resolutions, just cut yourself some SLACC. Here’s a list of seven key areas on which to focus your SLACC:
1. Financial
Give your company some SLACC by reviewing financial systems. If not already, create regular financial statements, especially a 12-month cash flow projection, and manage with them. And SLACC up on the difference between cash flow and accounting.
2. Human Resources
Take the necessary SLACC to find and keep the best people. Then cut your staff some SLACC by providing the best training you can afford, with emphasis on how their assignments continue to evolve in the 21st century.
3. Management
Business management is more complicated than ever. Use SLACC to identify your current best practices, then check your position against how 21st century ideas are impacting management fundamentals.
4. Marketplace
The marketplace has always been a dynamic and evolving organism, but in The Age of the Customer, it’s being driven more by customer expectations than competition. Use SLACC to develop strategies that deliver relevance first, followed by classic competitive advantage. Remember, in The Age of the Customer, relevance trumps competitiveness.
5. Technology
More than ever before, how you use technology and new media are critical relevance expectations of prospects and customers. Cut yourself some SLACC by delivering the technology (especially mobile) and community-building media customers now expect from you.
6. Public Policy
Every small business is influenced by politics. Use SLACC to identify when to be personally involved in local, state and federal issues, like taxes, healthcare, and regulations and when to contribute to professional organizations that can deliver a greater impact on your behalf.
7. Personal
Cut yourself some SLACC by remembering the greatest small business truth: Success must be defined by more than just money and stuff.
Write this on a rock … To paraphrase the Chinese proverb, the longest journey begins with the first SLACC.
As policy battle lines are being drawn in Washington, there’s one important issue being debated that might not stay on your radar like Obamacare and immigration.
It’s called “net neutrality,” and I’m concerned it might not get the attention it deserves, even though it could have significant long-term implications. My goal here is to simplify net neutrality so you understand how it can impact your business and how to join the debate.
The term is pretty intuitive. Net neutrality means all Internet traffic gets treated the same, which is what we’ve had for over 20 years; there’s essentially no government regulation of the Internet and no Internet taxes. Also, there’s no preference for, or discrimination against any sender or receiver of email, web pages, music or movies, regardless of bandwidth used via fixed or mobile networks.
Three groups have a stake in net neutrality: carriers, content producers and a regulator.
Carriers fill two roles: 1) Local Internet service providers (ISP) connect you to the Internet; 2) national networks, like AT&T and Sprint, own the “backbone,” the physical infrastructure – fiber – that hauls digital traffic between ISPs. Carriers want to charge different rates based on content quantity and speed, which is contrary to net neutrality. Without targeted revenue for their finite bandwidth inventory, they argue, innovation and investment will stall.
Content producers include Google, NetFlix, Facebook and virtually every small business. If you have a website, sell a product online, conduct email marketing or have an instructional video on YouTube, you’re a content producer. Content producers love net neutrality because turning the Internet into a toll road increases business costs and could make small businesses less competitive.
The regulator is the Federal Communication Commission (FCC), led by Chairman Tom Wheeler. Some content producers have asked the FCC to defend net neutrality. But here’s what that request looks like to a politician: President Obama wants the FCC to reclassify and regulate broadband Internet connection as a utility, which is not the definition of net neutrality.
Net neutrality is complicated because it’s easy to appreciate both business arguments. Plus, some even have a stake in both sides of the issue, like a cable company that owns TV stations and movie studios. But inviting the government to referee this marketplace debate is a Faustian bargain because what government regulates it also taxes, and once started, won’t stop.
Write this on a rock … A regulated and taxed Internet is not net neutrality.
Contemplating the blessing of freedom, wherever it may be found, one prime truth is evident: Freedom is not free. And for those of us who are the beneficiaries of those who paid the ultimate price for our freedom, the only method of repayment — the only way we can ever be worthy of their sacrifice — is if we do all we can to maintain the freedom that has been paid for and given to us.
In honor of all of our veterans, past and present, I’d like to offer this poem written by Commander Kelly Strong, USCG (Ret.) in 1981 when he was a high school senior (JROTC cadet) at Homestead High School, Homestead, FL. It is a tribute to his father, a career marine who served two tours in Vietnam.
Freedom Isn’t Free
I watched the flag pass by one day.
It fluttered in the breeze.
A young Marine saluted it,
And then he stood at ease.
I looked at him in uniform
So young, so tall, so proud,
With hair cut square and eyes alert
He’d stand out in any crowd.
I thought how many men like him
Had fallen through the years.
How many died on foreign soil?
How many mothers’ tears?
How many pilots’ planes shot down?
How many died at sea?
How many foxholes were soldiers’ graves?
No, freedom isn’t free.
I heard the sound of taps one night,
When everything was still
I listened to the bugler play
And felt a sudden chill.
I wondered just how many times
That taps had meant “Amen,”
When a flag had draped a coffin
Of a brother or a friend.
I thought of all the children,
Of the mothers and the wives,
Of fathers, sons and husbands
With interrupted lives.
I thought about a graveyard
At the bottom of the sea
Of unmarked graves in Arlington.
No, freedom isn’t free.
My friends, I pray that we never forget those who paid so dearly for our freedom. Have a safe, happy and respectful Veterans Day.
Thanks for being part of my community. I’ll see you on the radio and the Internet.
Have you noticed that every new on-air person hired by a TV network looks like a soap opera actor? They’re all young and pretty. We’re left to think that non-beautiful people need not apply. That is, unless you’re familiar with a certain marketing measurement.
Marketing Evaluations Inc. is the proprietor of a marketing metric used extensively to hire on-air talent. It’s called the Q Score, and it’s as rude as it is simple.
A prospective anchor is presented to an audience who is asked to give one of two answers: I like or I don’t like. Responses are graded based on the numeric Q Score. Above 19 means you’ve “got Q.”
Never mind credentials, if you can read a teleprompter and have Q, you’re hired. Below 19—fuggedaboutit.
Could the Q factor be involved in perpetuating the marketplace myth that owning a brand is the exclusive domain of big business? After all, if only the young and beautiful possess the best TV journalism credentials, why wouldn’t we believe you can only have a brand if you have a sexy national television campaign?
Since most of us would be guilty of giving an “I like” score to a pretty face, it follows that we would also be foreclosed from thinking a dowdy small business could actually own a real brand. But here’s the truth about branding, and it’s good news for small business: Owning a brand is more than having Q.
Most experts will testify that a brand is established when a product delivers a desirable feeling. Pleasure, happiness, security and yes, even pretty are examples of how a brand might make us feel. A brand’s value and power are established when it consistently delivers on our feelings and, increasingly in the Age of the Customer, on our expectations.
If people were influenced only by things that have Q, churchgoers would only attend big, beautiful churches, and yet tiny churches abound. Like religion, brand loyalty is also a very personal thing, which is more good news for small business. Getting close enough to customers to discover their individual expectations is one of the many things small businesses do better than big businesses.
So it’s resolved: Owning a brand is not the exclusive domain of big business. And when it comes to actually building brand value, small businesses have the edge.
Big businesses may be good at brand Q, but small businesses are better at what really counts: building brand value. Our challenge is in believing this truth about ourselves.
Write this on a rock… Your small business’s Q is measured in brand value as defined by customer expectations.