Cultivating impatience in business

Image via Wikipedia

I'm not a very patient man. My sense of time has always been a few clicks faster than those around me. This helped me in academics as a kid -- but to a point. Impatience breeds boredom. And that leads to a host of issues with less-than-desirable outcomes.

But impatience can be -- over time -- channeled into a power for good. While everyone else will happily continue to drive over the speed bumps, we impatient find a way around them. Eventually, those around us notice and start following. And without any planning or process meetings, a new and generally accepted path is formed.

Businesses can be impatient, too. I see that as a Good Thing. Impatient companies recognize a need and fill it -- now. While there's nothing wrong with analyzing conditions to see if the timing is right, sometimes that just takes too long. Or sometimes the signs are so obvious that further study simply isn't needed.

How do you adopt impatience? I don't think you can. I think you are, or you aren't. But your business can learn to be. You may have to bring in talent from the outside. You may have to look through your list of "troublemakers" and see if they truly are worthless (then fire them) or if they just want things to move faster. Don't give them the reigns, but do give them some rope. You may be surprised what they can create, and what you might learn.

Strengthen your connections

Image by vitroid via Flickr

Don't underestimate the value of connections. While we (and by we I mean I) sometimes get caught up looking for ROI and hard, measurable facts, some things are more esoteric. Yet just as valuable.

When Google bought YouTube, they thought the asset was the impressions the videos would deliver. What they found more valuable was the connections and conversations people were having around and because of those videos.

Today, you can't have a network without the connections. Some connections between you and others are incredibly strong. When you start noticing the same people at events and see the same names on email, comments or other outreach, that's an indication of a strong connection.

But strong connections aren't conducive to growth, either personal or the growth of the network itself. And while it can happen, strong connections make it difficult for others to join in the connection. So instead, we tend to keep increasing the strength of our own connections, since that's easier than breaking in. I think that approach misses the mark.

Spend less time strengthening strong connections.

If your connection with another person is truly strong, it will survive a bit of neglect on your part. I know that people will tell you that relationships take work. I've found that not to be the case. At least, not a significant amount of work. And if it does, then it's probably a relationship I'm probably not going to miss.

Rather, spend your time shoring up tenuous connections. Reach out to those you're loosely connected to, and make those connections stronger. You'll quickly find yourself exposed to new ideas, new people and new opportunities. And those other strong connections? Still rock solid. Now you have even more.

Which tenuous connection will you work on strengthening first?

New FTC guidelines for bloggers are a bigger challenge for marketers

Image via Wikipedia

Changes to FTC (Federal Trade Commission) guidelines on endorsements and testimonials were made active on December 1. And seven days later, I'm happy to report that I, a blogger, have not been sued. Neither, chance are, have you.

There was a huge stink about these proposed changes a few months back. Mob mentality won over common sense, and the assumption was that bloggers were going to be fined $11,000 if they failed to mention the book they just reviewed was purchased from Barnes & Nobel with a 15% coupon.

Wrong.

What do the new guidelines mean for bloggers?

Probably nothing. The overview by the FTC on this page is pretty good, but I think this short PDF of the revised guidelines is even better. And if you want the whole story, check this 81 page PDF. It's overkill, but for the complete-ists out there; have at it. But back to "probably nothing".

The new guidelines -- the first change to the endorsements & testimonials section since 1980 -- require marketers to be honest, forthright and clear when using endorsements and testimonials. What a crazy concept. If you're the endorser or provider of the testimonal -- bloggers, for the purpose of this discussion -- then you have an obligation to do the same and disclose if you were compensated for your endorsement.

Chances are, you already do that. And if you don't; start. It requires you do nothing more than say "Ford let me drive this new car for a week, and here's what I think". Again, you probably do this already.

Marketers are responsible for what compensated endorsers say.

That's the biggest change. If Snapple sends out free samples of a new beverage to specific bloggers as part of an outreach campaign, they have an obligation to make sure the endorsements are real and true. That's an oversimplification, but it's close enough. If one of those bloggers posts about how the drink cured them of lung cancer, the marketer is on the hook. The blogger is on the hook as well, and probably by more than just the FTC.

My advice to bloggers is simple:

1. Don't lie. If your really didn't think it was the best ever, don't say it was. Don't shill.
   
2. Disclose received compensation. Getting it for free for the purpose of blogging or tweeting about it is compensation. Getting a free sandwich because you bought nine others is not.
   

My advice to marketer is even more simple:

1. Don't try and deceive. "Results not typical" will be a thing of the past. Finally.

And yes, the fine for infractions can be up to $11,000 per occurrence. Will you get caught if you break the new laws? I sincerely hope so.

Related articles by Zemanta

• The New FTC Guidelines, How Fair Is It? (wassupblog.com)

Don't scare off the new people

Image by Getty Images via Daylife

There are only two types of "visitors" to your website, blog, profile, or account page¹: Those who've never seen any of your stuff before, and everyone else. Converting the new visitor to a repeat visitor is a key goal for anyone in business. The definition of conversion varies, and we'll get deeper into that in the coming posts. But a high-level goal should be moving that new person into the "everyone else" column.

First impressions mean everything to this group. They will be making snap decisions about you based on your most recent post on your blog, update to Facebook, image on Flickr, tweet via Twitter, video on YouTube, episode of your podcast, or whatever action you do on whatever platform you're doing it from.

Your most recent update should always be your best.

It should also be indicative of the kinds of things you want to be known for on that platform. That makes it hard to post anything other than that which you want to be known for. And that makes for a boring, monolithic platform.

The fix is easy. Though it's easier on some platforms than others. In fact, I've done it with this blog post. It's not the most recent post I've made, though new folks would never known it.² I back-dated the post I wanted to make so that it showed up below this post and deeper in the RSS feed. The "everyone else" I mentioned before are probably getting this via RSS or email, so they won't miss it. Those that are more casual checkers may miss it, but so what? It's not like the post was all that critical. This one is the important one.

Not all platforms will let you do that. So that last tweet is what people who hit your Twitter page will see. You can't back-date on Facebook or Flickr either. So it's a good idea to hold some gems in reserve. Then you can post that whimsical update followed quickly by something of more value to the new person.

Or... you could recognize that personal branding is pretty fractured, and you don't have to be the same thing in all places. You never want to stop being a human, and if cutting up in public is part of who you are -- it's sure as heck who I am -- then do it and don't worry about it. I do it just about everywhere else but here (as of late).

But even still, I think I could do a better job of putting my best foot forward on platforms other than this. Now to determine if I care or not. Do you?



<sup>1 - This assumes they come in through your front door, as if someone told them to check you out online. Searchers are a totally different breed, as Google cares little for taking people to your home page and instead wants to take them straight to the content they want. More on this in the future.

2 - Well, they wouldn't have known if I didn't spill the beans with this post!</sup>

Related articles by Zemanta

• Should you share the same content on multiple networks? (socialwebschool.com)
• The Journalist's Guide to Maximizing Personal Social Media ROI (mashable.com)

Passing on the wagons

Image by devehf via Flickr

Perhaps it is my lineage of Oklahoma settlers, but I'm not a big fan of wagons. My mom had a station wagon when I was a wee lad, and I don't remember liking that, either.

But the wagons I am speaking of are of a different sort. The first is the wagon. What used to be a metaphor for sobriety has been hijacked to mean any sort of routine. Workouts, a commitment to daily blog posts, vegetarianism, eliminating "nazi" from your lexicon... you name it. But my ire isn't with the bastardization of the term. Culture does that, and I'm OK with it.

Falling off is akin to falling down.

Don't just lie there -- do something about it! Don't flounder around for support and sympathy -- do something about it! You created the wagon. You decided to crawl upon it. No one pushed you up there. If it's a place you want to be, then be there. If you find yourself constantly slipping off, maybe it's the wrong wagon for you.

And then there are bandwagons. Snaked from the tarnished world of politics, bandwagons have become legion. In fact, they've come to represent any specific wagon referenced above that is shared by multiple individuals. But people don't fall from bandwagons.

If you don't like the direction it's going, get off.

Unless you've got the reigns, you can't steer a bandwagon. The moment it heads someplace you're uncomfortable with, get off. Find another. Or make your own. Or just start walking. All too often, those wagons are filled with sheep. Or maybe that's just how they look to us wolves.

Being an Expert Is Time-Sensitive

Remember when you hung out your very own "expert" shingle? Oh, there's no doubt that you deserved it. You knew as much -- if not more -- on the subject than anyone around you. And when the topic of your expertise came up, people immediately thought of you.

You received payment for the work you did for clients. And you did amazing things for clients. They referred other clients to you, and your expertise was further recognized and validated. You made ends meet and created a successful -- if not profitable -- business venture. Well done.

Or maybe you took a job with a company. They hired you as The Expert or An Expert, and you worked diligently on projects and ideas for your clients. Those clients loved the work you did for them, and your company received great referral business, solidifying you and them as true experts in the field. The company made money, you drew a steady paycheck, and life was good.

But that was last year, when you were the expert.

While you were busy being an expert, your expertise expired.

Unless your expertise is in something like Great Opera Singers of the 12th Century -- and maybe not even then -- the game is changing constantly. The milieu isn't today what it was 12 months ago. And if you're in an emerging or highly volatile field, that could be 12 weeks.

While you were busying being an expert, your skills lapsed. While you were busy being an expert, the platform moved. While you were busy being an expert, outside changes impacted your field. You didn't notice. And now you're an expert at outdated concepts.

Stay fresh.

If you're spending 100% of your time on billable work, you have no time to keep abreast of the changes in your field. If the company you work for has you cranking out paying work 40+ hours a week, then they are letting your expertise lapse, and you're becoming a limited time offer.

Cut back on the work and make time for what many professional organizations call continuing education. Attend and speak at conferences. Read publications. Try new things. Connect with other experts in your field. Connect with experts in related fields. Become part of the community.

If that means you have to raise your billable hourly rate to make up for the lost income -- do it. If that means you have to demand your employer reduce your doing-work to give you room for learning-work -- do it.

The consequences of not doing it? You cease to become the expert, and your value effectively drops to zero. And who wants to put "I used to be an expert" on a resume?

Beware the tyranny of the ways

Image by fotobydave via Flickr

Right Way
Two dangers here. First is the assumption that your way is a right way. Just because it works for you doesn't mean it will work for someone else. The second danger is worse: the assumption that your way is The Right Way. In reality, there is no one right way. There are many right ways.

Wrong Way
I hear the words "you're doing it wrong" all too often. Truth be told, I've uttered that phrase all too often. Not that there aren't clear-cut mistakes that are easily cured with education. If you're still forwarding funny emails to dozens of your friends using BCC, that's wrong. It may feel right and appropriate from your vantage point, and none of your friends have complained because they're too nice, but it's still wrong.

But wrong ways are often implementation issues and/or have good intentions at heart. Correcting the means can usually lead to a better expression of the idea. If you find yourself ready to correct something you see as a wrong way, be sure and offer up a solution to help make it better.


Old Way
Humans may be nostalgic creatures, but in flights of fancy alone. The fact of the matter is that progress flows one way. Old ways always always lose out as the arrow of convenience (my term) moves forward. If you're pining for a "return to..." then you are misguided and wrong. If an old way is truly that, then it remains something to reflect upon fondly. You have little hope of resurrecting it. And if a return to the old way actually does work, it simply proves that the new way didn't work out and wasn't really a new way after all. That happens rather frequently.


New Way
New doesn't mean better. New doesn't mean the old will die. New doesn't mean faster. New doesn't mean bigger. New really means something that replaces the old in a way that increases the amount of convenience for those serving or served by the process that has undergone the change. New ways tend to crop up seemingly daily; but most are false new ways. Some new ways are adopted quickly. Some take time. Some are exposed to be more trouble than they are worth, which means they weren't really new ways after all.


Unexplored Way
If you haven't tried the way, how do you know it's bad? Yes, I know your current way fits your needs perfectly. That doesn't qualify you to make judgments on other ways -- unless you've tried them. And I don't mean reading the FAQs or relying on anecdotal evidence. Until you've explored the way, your opinion of it remains uninformed. So don't speak so loudly.


Your way
And at the end of the day, none of the above matter. What works for you works for you. It may not always work for you, and you may try different ways along the... way. That's OK. You may have ways that work for you that run counter to those around you. Still very OK, though don't make the mistake of trying tell everyone moving forward why your way is better. See "old way" above.

To quote Joss Whedon via Malcom Reynolds: "I have a way?"

Yes. Yes you do.