Does Your Business Need a Shift?

December 12th, 2011

These are difficult economic times. Even firms that are doing well would like to be doing better. But even when a business knows where they want to go, the process of actually getting there seems to often take a wrong turn! The desired outcome sits there, almost taunting the leader, owner or manager to reach it, but the mark often gets missed.

After working with individuals in a coaching capacity, and with businesses on business-building and growth, for the better part of two decades, we’ve seen some consistent themes that need to be in place for an effective change management process – and a shift to success. Collaborative principal Bev Flaxington’s latest book, Make the SHIFT: The Proven Five-Step Plan to Success for Corporate Teams, outlines many of these in detail, but following is an overview to get you on your way to making a successful shift.

(1)   It’s critical to know exactly where you want to go. To say, “We want to grow” or “We want to be a $2 bn firm” or “We want to take a market leadership position” isn’t enough. What does success look like overall – both quantitative and qualitative goals? Your team needs to know exactly what they are striving for, in order to get excited and get on board.

(2)   Identify the obstacles you have had or may face, and then categorize them. Too many businesses shy away from looking at obstacles productively. “We don’t want to talk about our problems,” many leaders tell us. But knowing what’s in the way, and having a way to organize those issues and then systematically remove them as part of the process, is extremely powerful. Only when the obstacles come to light can any firm deal with them in an effective manner.

(3)   Know the human capital you have – and what you need. Know who your stakeholders are and who can assist or detract from your efforts. Human beings are in the middle of everything in business, and yet most change processes do not take their existence into consideration! Do the team members get along? Are they poised to make a shift? Do they know who they can lean on? Focus on the people and make them a productive part of the shifting process, too.

(4)   Find alternatives. A company that knows where they need to go should also have a Plan B, a Plan C, and even an “If nothing else works” plan in case of any exigency in the process of shifting. There is never just one way to do something. What are all of the options that might work? Take time to brainstorm, to set criteria for decision-making, and to consider what paths might get you to the same desired outcome.

(5)   Know what you are doing step-by-step. The best ideas can’t come to fruition without a specific plan of action: What. Who. When. How much. In too many cases, we’ve seen leaders “ideate” but then never implement. Have a clear path forward with specifics, and then share it with your team members.

For many firms, it’s an exciting experience to move past whatever has held them back, and to have team members embrace a change movement and move forward confidently. We’ve seen it work over and over again in so many different environments, from small firms to very large. As part of your process, get a copy of our new book – each team member can benefit from using it to walk through the steps and participate. Make 2012 your year to SHIFT!

What are the Hallmarks of Great Customer Service?

July 26th, 2011

July 20, 2011

Collaborative principal Beverly Flaxington was recently interviewed on New England Cable News (NECN) about the recent survey of the “10 Best & Worst in Customer Service”. View the interview by clicking here.

Is Help Available For Your Business?

April 29th, 2011

By Tia Jackson, Brandmaker News

Entrepreneurs responded with a mix of frustration, optimism, and concern when asked about the real state of small business in America. As we inquired about whether help was available for their own businesses, the majority of the entrepreneurs surveyed said, “No.”….. While some entrepreneurs have tapped into resources to help their businesses, so many small businesses are still in need of assistance. Michael Slemmer, CFA of The Collaborative, shares his thoughts on what entrepreneurs should do to make themselves more attractive to investors and lenders… Click here for the rest of the article.

A Focus on Sales And Revenues in 2011

March 3rd, 2011

Like Pushing Molasses Uphill

The good news is nearly every firm is in the same boat. The not-so-good news is that the rising tide is but a distant memory. This year, we’re hearing lots of complaints and frustration about sales and revenue. It may be helpful to frame what your firm is experiencing in terms of the experiences of other financial services companies. Let’s take a look at the top complaints we’re hearing, and then look at what The Collaborative sees as the real root causes of these issues. By resolving a root cause or two, your business may be able to get to revenue faster and more easily — in 2011 and beyond. Read more…