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Posts Tagged ‘Personal Development’

Making it Personal

Wednesday, October 6th, 2010

One important influence in business and personal relationships is making the relationship and the “events” between humans personal.

How do we do this?

The following input is from global friends who have been kind enough to contribute, and from myself based on my general experience. Certainly, there is more that can be added, so please comment.

Tell stories Ask and listen Relate Go local Be curious Be honest Have patience Make it “one of a kind” Build trust Be authentic Show empathy Be honest Relate Mirror Be genuine Be passionate Be honest

How do you make it personal?

Well, from one of my readers, via Twitter, “offer genuine help w no expectations…be a willing connector in the same spirit.”

Trip Allen, Team Egyii, Singapore

*Thank you: Akiko (Japanese), Stessa (American), Henrik (Danish), Amy (American) and Kayo (Japanese)


Preparing the New Workforce for the Onslaught

Monday, May 31st, 2010


gen-y

Gen Y.

Smart.

Technically astute.

Global.

Diverse.

Distracted.

Interesting…..

Ready? Equipped? Are they prepared to face the tough world ahead?

Recent studies by Trusted Advisor Associates shows that when it comes to what many consider to be the most powerful tool in your business and personal tool kit, (relationships) they are not prepared. Let’s look at the four levels of internal and external business relationships:

Expertise based

Needs based

Relationship based

…and trusted advisor based

Being a trusted advisor is the highest level one can attain, and, of course, the most valuable.

The studies show that as age increases, the level of trustworthiness increases. There is approximately an 18% difference in trustworthiness between the ages of 20 to 70. The downfall to lacking trustworthiness and struggling in relationships for younger workers, most likely,  is a lack of life and business and life experience. Can trustworthiness be accelerated in an individual?

Accelerating them ahead

“Going against conventional wisdom: trust CAN be taught. Some business leaders make the case that to improve performance, people and businesses should leverage their strengths rather than concentrating on fixing their weaknesses. This makes a great deal of sense in areas of skills mastery. But when it comes to trust, the opposite is demonstrably true. By focusing on their weaknesses, individuals can make disproportionately large and rapid improvements in their trustworthiness, because improving weaknesses has the effect of lowering standard deviation, thereby increasing perceived integrity. By becoming aware of an imbalance in their trustworthiness strategies, individuals can strengthen their overall trustworthiness. By focusing on even minor improvements in their weak components, they can see a major impact on their overall ability to build trust.” (From “Think More Expertise Will Make You More Trusted? Think Again” by Trusted Advisor Associates)

Is your new workforce ready for the onslaught? Probably not. It may be time to address the imbalance.

(For more on the Trusted Advisor Associates study, see What Really Builds Trust. And, for an interesting snippet of Gen Y see We are Gen Y)

Trip Allen, Team Egyii, Singapore

Your Most Powerful Tool for Success in the New Decade

Wednesday, January 6th, 2010

What is your most powerful tool for success in the new decade?

Your relationships.

98790007

Whether it be personal or business, your relationships will make the difference.

How will you work on improving your relationships for the new decade?

You decide.

Will you…

Listen better?

Lower your self-orientation?

Show more empathy?

Figure out what you can do for someone else, vs. what they can do for you?

Spend more time caring?

I will. All of the above.

In a decade that is bound to be more complicated than ever, what else could be so simple?

A toast to the new decade.

Trip Allen, Team Egyii, Singapore

Great Relationship Building Questions (and why they are great)

Tuesday, December 29th, 2009

 

It’s not about you.
It’s all about them.
Your clients, that is.

questions

Building personal relationships (which enhance your business relaionships) requires a dialogue, and a dialogue requires great questions.

The dialogue then needs to be  focused on the client, not you.

Great relationship building questions are better when they are not formulated for an immediate business result. You don’t need to “close” all the time with questions. You do  need to be honest, open, straightforward and trustworthy in your approach.

Many people have formulated numerous questions to create dialogues; here are the ones that have worked best for me.

Examples of Questions

How are you measured and what are your KPIs?

Tell me something about you and what you have done in business or your personal life that will surprise me.

What book(s) are you currently reading?

What do you do outside of work? What are your hobbies and interests?

How did you come about getting to your current role?

What frustrates you the most in your business today?

Tell me something about your company that I probably don’t already know (assuming you have already your research on the Internet)

There are many more questions that you can formulate on your own- work with whatever you are comfortable with.

Tip 1: Ask questions in areas where you may have similarities with your prospect/client (such as the area you grew up in or schools you attended) to build a common ground-this  is a lot more powerful.

Tip 2: It never hurts to preface a question with ‘Do you mind if I ask you…?” This gives you permission to ask and makes the prospect/client more comfortable.

The timing needs to be perfect on your questions to ensure sensitivity. You may not want to ask some of these questions on your first meeting- do it when you are comfortable. Keep in mind that you are trying to connect emotionally- so many business questions are based on logic, and so many business decisions are based on emotion.

Why are these great questions? They are not too personal and not overly business like. They bridge the gap between the two and can open up further conversations and build a stronger relationship.

Where to use these questions? You can use them to start off the conversation when you first meet and greet, or on the second or third meeting - whatever you are most comfortable with.

I also recommend you use them to set the tone for a lead into something like, or similar to, Trusted Advisor Associates’ ELFEC or whatever your sales process (Huthwaite SPIN, Value Selling, etc) suggests. They set a good tone.

Great questions, when done sensitively and when focused on the client, work wonders.

If you have any you want to share that you have been successful with, please do so by commenting.

 Trip Allen (Happy New Year!), Team Egyii, Singapore

Why does this happen? Turning a prospect into a client, a dilemma

Monday, December 7th, 2009

 (A true story)

happy-customersSuccessful.

Uneducated.

Wealthy.

Four priority bank accounts.

Four banks.

Four different Relationship Managers.

There is a fifth bank that also wants his business.

The fifth bank will get his business- if they do it right.

Why and how?

This particular “prospect” is an acquainance of one of the bank executives. The prospect is open with the executive, shares his personal life, discusses business matters and financial matters, socializes regularly with him, talks sports and even shares aspects of  his social life. He respects the bank executive for his knowledge and there appears to be no threat. He is comfortable with the relationship. They are friends. 

Interestingly enough, the bank executive is not a relationship manager- he is not in sales.

How does the bank executive do what is best for the bank, and “convert” this into a sale? That is the dilemma.

Clearly the “prospect” is an unsettled man. He has new-found wealth and is somewhat leery of the people around him. This is probably why he spreads his wealth between four banks and four relationship managers.

How many times have you come across this or a similar situation to this?  A situation where there is a bond or relationship between a client or prospect and a non-sales related executive? From my experience in my days of technology sales, quite often the relationship was between the client and the sales engineer. Is that because there was no “threat” from the sales engineer? Was he providing more value? Was he not chasing the sales for the close?  Most probably.

So why is this happening and why does it happen? And how do we turn the banking scenario around and turn it into a “sale?” I will let you figure that out on your own.

For related articles (and for a clue to why this may happen) see:

Two Simple Keys to Success in Sales

Want to Add Value in Your Sales “Process?” Try Adding Trust

The Agile Mind of a Salesperson: Motivation

Trip Allen, Team Egyii, Singapore

How to motivate your insurance sales team- a case study

Wednesday, November 25th, 2009

 

Tough times require resiliency, especially in a cut-throat business like insurance. Your company’s branding, name and reputation, products won’t do it. It’s all about your people.

agent

With pressure from the economic downturn, a large Singapore based insurance company needed their financial planners to deliver every time.  However, the financial planners were not getting the right support they needed from their direct management. Read how Egyii’s Andrew Sidwell helped turn the situation around. Coaching for sales performance

Andrew Sidwell, Team Egyii, Singapore

Improving your performance at work

Friday, October 16th, 2009

perf at work

Many people believe that improving your performance at work involves attending a training course such as ‘Communicate with More Impact’ and hey presto, they will change!

To really improve our performance, we need to address the whole person, not just one behavioural part of it. For example, you cannot effectively change a behaviour if you have a belief that contradicts it. If I want to be great at connecting with people but have a belief that nobody can be trusted, then I will find it very difficult to achieve my goal.

So let’s look at this ‘whole person’ that is you. You can be seen on five different but related levels. At the top is your identity, which asks the question ‘Who am I?’. This is where you determine your role in a particular context, and decide your mission. If you are unclear about your purpose in life or in a particular situation, then you will find it difficult to motivate yourself and to focus on the right action to take.

Second on the hierarchy is your belief system. Your identity and mission will naturally affect your beliefs and values. Change your identity, and you will have to change some beliefs. These beliefs and values determine what you do and how you do it. You can have beliefs which open up great opportunities for you, but you can also have beliefs which severely limit your performance and achievements.

Third on the hierarchy is your capabilities, which give you the skills and knowledge you need to achieve your purpose and fulfill your role in life. They form the level of competence you need to perform at the level you want in order to achieve your goals.

Your capabilities help to determine your actual minute-by-minute behaviour or actions that you take in order to move you towards your goal and achieve your purpose. So your behaviour is fourth on the hierarchy. It is often assumed that our behaviour is something we can change through learning or willpower, but as you can see from this holistic picture, our behaviour is determined by what we are capable of doing, which is determined by our belief system, which is determined by our sense of identity and mission. To be really effective at the level of behaviour, you want to make sure that what you are doing is in alignment with your capabilities, beliefs and values, and identity or role. When these are in alignment, then you are congruent, and you feel strong and confident.

Last but not least is the environment, the fifth level in the hierarchy. We often say ‘I was just in the right place at the right time’, which emphasizes the importance of context for success. You can have the right behaviour, skills, beliefs and sense of purpose, but if your environment does not support these higher levels, then you are unlikely to succeed. And you can have some control over your environment. This writer spent many years working in an industry that just didn’t suit his temperament or talents, and try hard as he might, he didn’t achieve success until he entered a new industry.

So pay attention to yourself. Listen to your still voice which suggests a purpose for you. Change a belief if it was useful when you were small but serves you no purpose other than to hold you back today. Look at your skills and competencies. Are they going to be the right ones or enough to help you achieve your purpose? And become conscious of your behaviour. Get out of auto pilot mode and function as if on manual pilot, with greater self awareness and attention to what you are doing all day long. And finally, make sure you are in the right place for you, or that your arrange your environment to support you rather than work against you.

For more information see Self Management & Relationship Management.

James Irvine, Team Egyii, Singapore

Podcast Interview with Nick Morgan, Public Works Inc, Part 1

Tuesday, August 11th, 2009

 

Trust. It is a hot issue.

This is the second of a series of interviews and Podcasts with the leaders in Trust, in anticipation of our August announcement on our new programme on Trust.

 nick20morgan2020book1

In this series we interview Nick Morgan, President of Public Words Inc and author of Give Your Speech, Change the World, Working the Room and Trust Me: Four Steps to Authenticity and Charisma. He started his career in writing political speaches and  is a fellow at Harvard’s Kennedy Center and former editor of the Harvard Management Communication Letter.

In this interview we discuss Nick’s passions and background, 4 ways to address authenticity and charisma and great speech deliverers.

Link to Nick’s Podcast

Trip Allen, Team Egyii, Singapore

Interview with Charles H. Green, Trusted Advisor Associates, Part 2

Tuesday, July 7th, 2009

 

Trust.

It remains a hot issue and will for a while.

With that, we at Egyii will be doing a series of interviews and Podcasts with the leaders in Trust, in anticipation of our August announcement on our new programme on Trust.

The second of the series is Charles H. Green, one of the founding fathers of the “trust movement ” and founder/CEO of Trusted Advisor Associates. He is the author of Trust Based Selling and co-author of The Trusted Advisor. His expertise is in trusted relationships in business. For more on Charlie, click here.

charlie1

Here is Part 2 (a continuation of Part 1).

The following is transcribed from a recorded session.

Trip Allen: Moving on to 2006, the theme of your second book called “Trust Based Selling,” encompasses two words: sales and trust.

These terms together have a bad reputation and don’t mix well with the business world, a little like oil and water.  Can you elaborate a little bit on that?

Charlie Green:  Well, you are exactly right and I was completely conscious of that when I wrote it that way. In fact one major firm told me if you write a book with “sales” in the title we are not buying it.  The phenomena you just mentioned is that strong, and I wrote that way any way because I wanted to play off the tension.

I think the word sales or selling is a four letter word.  We all have these negative feelings about it, and the whole sales function in many ways has gotten a bad name, too.

What fascinated me about is that sales is where the person and the business come together. When a company buys from one and sells to another, with the exception of reverse online auctions, there are people doing “the deal,” and that is where institutions come together, where they connect. That is what fascinated me – how do people behave when there is serious money at stake and they are doing business? That is the essence of commercial relationship; commerce, in the old sense of the word.

I am happy with the choice I made, because I think it intrigues people. They say “how can you put those two together?” Well, you examine why they don’t fit, and it turns out to be a very interesting way of looking at it.

In a nutshell, there is nothing that sells better than being trusted – period. That’s the power of trust in the commercial relationship. I just find it fascinating.

trustbasedselling-book

Trip Allen:  Charlie, what’s the biggest thing you see wrong with selling today? You just mentioned that the reputation of a salesperson is bad, but what else do you see out there? What’s happening?

Charlie Green:  Well, it’s a great question because 10 to 15 years ago the biggest problem was salespeople selling and really not understanding the customer very well.  I think we have come to have a different problem and that is, let me call it the “mechanisation” of selling or the overdoing of “process reengineering” and the overuse of sales management systems.

Because of that we have broken the personal relationship and we have taken that “commercial” personal relationship (that I mentioned) and broken into a thousand mechanistic, metrics based, measurable behaviour based process. We have taken something that is, ought to be and can be very personal and have essentially depersonalised it. We have gotten to a level of detail where too often metrics have taken over from what the metrics were supposed to be measuring. People have therefore long ago “lost the forest for the trees” and have gotten deep in sequentially linked behaviours, so there is no relationship left.

I would actually say that is the biggest problem in selling today. We have lost the long term interpersonal relationship component of it. Every business I can think of out there still has an enormous amount of room for an increase in the level of relationships, and again, nothing is still better than that.

Trip Allen:  Great Charlie. One thing I am going to pull specifically from the book and one of the many activities I use – and I believe is very powerful,  is called “selling by doing and not telling.”

Traditionally salespeople told clients about the products, the features, the benefits etc. Salespeople have pretty much controlled the conversation. Can you elaborate a little bit on “selling by doing not telling?”

Charlie Green: Yes, and thank you for raising that. I agree with you, that is one of the powerful ideas in the book. If you think of it this way, with “selling by doing and not telling,” the more complicated the product, the more intangible the service, the longer relationship,  the more difficult  the whole sales process is, the less it is likely to be about snap decision and product qualities and so forth.

It’s complicated.

What you don’t want if you are buying a jet engine or if you are buying an audit or buying a brand advertising campaign, is to “out the expert the expert.”  That is an endless game that you will never win as a client or a customer.

What you really want to do is to be able to sleep at the night knowing you made the right decision about the person you deal with. And that is not going to come through PowerPoint presentations, Etc.; people are human beings and not persuaded of the trustworthiness of another human being by overused tools such as PowerPoint decks.  We’d like to think they are, and they will tell us they are, but they are not.

We are all human beings and profoundly make trust judgments based on much more of a “gut feel,” emotional feelings through connectivity and emotional feelings of safety. And that’s simply the way it is. I think we sort of rationalize it with all the logic and the data because, after all, we are supposed to be able to justify things.

That’s all true. But “selling by doing” basically says, instead of telling somebody about all the other past clients and all the wonderful things you have done, leave that behind and “just do it.” Deal with the person in front of you and deal with their issues, with their concerns and bring to them all the wonderful things and experiences you can deliver for them.

Just to simplify, I like to say it is like going out on a blind date with somebody. If they were to talk about the last seventeen people they went out with, you would be bored and offended.

But if on the other hand, what if your date is interesting, innovative and engaging and instead they ask you questions about you, we love that. We love it when people make the topic and conversation about us.

We need to take our expertise and apply it in real time to the problem at hand as it affects the person sitting in front of us. They don’t want to hear our resume or our history. They want to hear what our resume means for them.  That’s what “selling by doing and not telling” is all about.

Trip Allen: Great. Thank you for that. The next question has to do a bit with “selling by doing a not selling,” but it is all about collaboration. That is another key point you have in your book “Trust Based Selling.” How does collaboration improves trust and thereby improve the relationship?

Charlie Green: Well collaboration is one of the important elements I outlined in the book and it goes well beyond selling actually, although we will focus on the selling aspect only.

The other three key elements on the list are transparency, focus on the well being of the client (for sake of client and not just for us) and the tendency to look at the medium to long term (rather than just the short term).

Collaboration may be just the most important of the four elements. In any case, what collaboration means is a fundamental mindset. It says “I am not in this for me and dealing with you as an object. We are in this together. We are in for the sake of however long this relationship is going to be, working together for the greater outcome for both of us, but mainly for you, the client.”

So any decision we make has to be good one for both of us. We both have to be involved in it. We can’t keep too many secrets from each other. And if you begin thinking that way, you will begin behaving that way. You’ll start sharing more information with your customer, you’ll start feeling more free to ask them questions. After all, you have to know their answers in order to be collaborative, and frankly it even begins in the selling process. 

In those businesses that have process of using proposals, my “radical” suggestion is to write the next proposal, sitting next to the client in their offices. Instead of saying “great discussion” or “I’ll get back to you with the proposal later this week,” say “let’s book the conference room again and let’s work on this together. I know it is a proposal and, we may not get the job, I understand that. But if we may do this, you will have, at the end of the day, the best proposal possible from the combination of the two of us. By the way I suggest doing that with other potential vendors also. You will learn so much more about working with people if you begin working with them.’

That is an example of the power of collaboration.

End of Part 2. To be continued…

Trip Allen, Team Egyii, Singapore

Sizing Up Short to Long Term Methods to Drive Business Results

Thursday, June 11th, 2009

 

 finish-line1

 Scenario

In today’s world, everyone is looking for the right “fix” for their business. Some examples of the fixes are:

The release of new products to fit the ‘mould” for today

Making price adjustments

Re-skilling the workforce to face today’s scenario

Or doing absolutely nothing…

All of these options have short to long term effects. So which option do we choose to make the most impact? Well doing absolutely nothing certainly stands on it own, so a combination of the others does makes the most sense.

But, if you were to prioritize, which one should be emphasized? I believe it should be your people, your front line. As your greatest asset, your client facing people can make the most memorable short, medium and long term impact in businesses.

So, from here on in, we will focus on your people.

This then leads to two big questions. Do we look at “short term” solutions and possibly sacrifice long term results? Or do we look at “medium to long term solutions” and sacrifice short term results?

These questions are not necessary. Why? Let’s build solutions for short, medium and long term results.

The Ultimate Problem

The problem is making the right decision in order to make the highest impact, and too many companies take the wrong perspective and make the wrong decision. What people think is the right decision for the solution is actually the short term, quick fix solution. Why are people choosing this route? Because it is the “easiest” option to implement and it is one that typically can be measured, so it appeases both management and shareholders as it (supposedly) brings in results now.

How are these employee based solutions implemented? Through:

Product and technical training

A new sales process or re-enforcement of an old process

Setting financial goals and measuring the behavioral targets to meet those goals (often done by micro managing)

But is the the best for the client? The one who is suffering the most? The one who actually pays the bills?

No.

Suggested Solutions

Financial organizations are “talking” trust, customer experience, customer centricity, client relationships and loyalty as the key solutions for the client, and therefore the solutions to many of the business problems. But very little is actually being done in these areas. It is all a lot of talk – blah blah blah marketing. Why? Because these require “soft skills” and are not “sexy.” Most businesses reach for “sexy” measurable fixes.

But because they are not “sexy” and mot measured, does this mean that you don’t get results?

No.

Let’s look at the facts. And let’s look at it holistically – in other words a programme that brings results across the  board.

Firstly, I suggest we take a realistic approach and look at how to deliver the right results. As Anthony Tjan, MD of The Cue Ball Group,  states “We too often focus on the desired financial performance target, rather than the inputs that drive those numbers…financial performance is a result, a by-product, a consequence of something else.”  Anthony  has written a very interesting approach to business results in his recent article in Harvard Business Publishing “The Fallacy of Financial Metrics.”

And now, let’s look at a few of the short, medium and long term results from implementing a few people focused programmes..

Loyalty. Loyalty programmes, which are a by product of client realtionships and customer expereince programmes, are very difficult to measure. The means of measurement would be similar to measuring soft skills training, in other words look at the numbers, the results. But numbers can be affected by too many variables (market swings, new product releases,  a change of the weather, Etc).

Frederick Reichold, who has made his entire 30+ year career studying customer loyalty, has measured loyalty and states in his book “The Ultimate Question,” that “A 5 percent increase in retention can equal to a twenty-five to one hundred percent increase in profitability.” Wow. What if the financial organizations had retianed more clients?

As for trust, trust is a hot topic now, from Harvard Business Review to Steven MR Covey. How do you measure trust? Again, very difficult but similar to how you would measure soft skills training and loyalty.

I recently asked Charles H. Green, of Trusted Advisor Associates and co-author of The Trusted Advisor (and a leader in the filed of trust and business) about how to respond to the constant request for short term solutions for immediate results. He responded by saying ” Short term results come from long term management. The best short term performance comes not from managing short term, but managing long term.” Enough said.

So, in summary, let’s re-adjust our attitude and look at employee/client focused programmes that can and do give a holistic solution- short, medium and long term. Although they may not be sexy, and can’t be measured with hard numbers, your greatest asset, your client facing people, can make the most memorable short, medium and long term impact in businesses by delivering upon these programmes. 

Let’s look at why the current economic fiasco happened in the first place. Wasn’t it a result of the push for immediate results? And what are we going to do, repeat what we have just done?

So forget the measurement. Focus on the client. Go with your gut.

For an abbreviated version, please see and download the following: Sizing Up Short to Long Term…

 Trip Allen, Team Egyii, Singapore