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Monthly Archives: November 2014

Three Characteristics of Successful People

In my business, you encounter successful people, and you encounter unsuccessful people.  If you do this enough, you form theories about what differentiates the two. This particular post was inspired by someone that I was recently asked to mentor.  A friend of mine has a niece that has struggled to find her way in the professional world.  Now in her 30s, she is unemployed, a single mother who isn’t doing well financially, and isn’t happy with her situation.

I agreed to help her a bit.  I would help her write a resume’ that would get interviews, help her with a cover letter, set her up on the major job boards (including LinkedIn), and show her how to quickly and effectively apply for the administrative jobs that she was seeking.  I would NOT refer her to any employers or vouch for her, because this would be an extension of my reputation and credibility.  She was fine with this.  I told her that I’d do this on one condition:  That she devote at least two hours a day to her job search, applying to as many applicable positions as she could.  No problem.

In this short episode, I’ve witnessed the three characteristics that I’m about to discuss with you – in reverse.  By the way, this is not an exhaustive list.  I’ve known many, many very successful people, and they are as diverse as you can imagine – but if you were to draw a Venn diagram of all their characteristics, every one would intersect at these three.

I should also add one other caveat:  By “Successful,” I mean “Successful at life.”  Some of these people make millions every year; others may never top $30,000 in income.  However, they are all happy, self sufficient, a positive influence on those around them, and live lives of consequence.  With those caveats in place, here are the three characteristics:

1. They have strong impulse control.  Look, we all know that there are times when it would be much more fun to just tell the boss off, hit on the pretty secretary, or give someone a wedgie at the company Christmas party.  I’ve been there and had those impulses (well, OK, I’ve given in to one of them but I won’t tell which one). Successful people measure their responses to high-stimulus situations and refrain from indulging in impulses that lead to negative situations.

In this young woman’s case, the reason that she was unemployed was that she showed up five minutes late to work one day.  When the boss reprimanded her for it, she made some comments to the boss that the boss didn’t appreciate -and thus, she was history.

Why was she late?  Because she stopped for cigarettes.  Low impulse control.

2.  They have strong future-time orientation.  Just a note here.  I’m about to get very controversial, at least according to the Google search that I did on this topic.  Apparently there are a lot of cultural and psychological implications to this term.  If you want to read them, go right ahead, but you’ll have to search – I won’t do it for you.

Essentially, by my definition, “Future-time orientation” means “Understanding the implications of today’s acts on tomorrow’s results (positive and negative), and building your activities around your desired results.”  By example, salespeople exhibit strong future-time orientation when they engage in prospecting activities and other funnel-building activities.  Seldom will a prospecting call today result in a sale today (although there are those wonderful times), but a prospecting call today can result in a sale tomorrow, next week, next month, or next year – and successful salespeople work in that direction.

Every successful person I’ve ever known has strong future-time orientation.  They envision where they want to be at a future point in time, then actively work in that direction.  Most unsuccessful people I’ve known do the opposite – they live in the ‘now,’ engage in activities that produce immediate gratification, and to hell with tomorrow.

By the way, “future-time orientation” doesn’t mean living strictly for the future and delaying all gratification.  I like to think that my own life is a mix.  For instance, if I have a speaking engagement in a fun city like Las Vegas or Miami, I’ll give a great speech, I’ll collect names, and segment out those that I want to approach for sales (future-time).  But if I’m in one of those cities, I might also take an extra day in my trip as a ‘fun day’ for me (now orientation).  That’s a mix that works really well for me.

In this young woman’s case, as we were working on her resume’ and profiles, my first real sign of trouble was when she said, “This is really great, Troy….but my problem is that I need income NOW.”  I explained to her that if she didn’t do this, not only would she not have income now, but she wouldn’t next month, either.  In hindsight, she didn’t get it.

3.  They associate with other successful people.  One of the first pieces of advice I gave her was this:  “If you want to be successful at life, associate with other people who are successful at life.”  Remember my definition of “successful at life” above.  From talking to the young woman, I knew that most of her friends didn’t fit that description, and I recommended that she get out to business functions, such as Chamber after-hours meetings, and meet some new people.

Your closest friends and associates will either build you up or break you down.  This is usually a function of their own security with themselves; people who are secure in themselves are not threatened by others’ success.  One of my speaking heroes, Craig Valentine, refers to this as the ‘crabs in a bucket’ syndrome.  If you put crabs in a bucket, they’ll sit there….then sooner or later, one will try to climb out.  And what will the others do?  Well…they’ll reach up and pull that crab back down into the bottom of the bucket.  Are your closest friends crabs?  It’s unfortunate that, as we move toward success, sometimes we do have to eliminate people from our lives that drag us down.  Every successful person I know has done this – and you might, too.

Two days after our second session, I emailed the young woman and asked her if she’d put in her two hours.  She replied, “Troy, I haven’t. I’m a mess.  My boyfriend (of five months – Troy’s note) was stopped by the police and he had warrants in four different jurisdictions in Kansas City, so I’m freaking out and trying to get to talk to him.  To be honest, I need money to buy a phone card.  Can I borrow….”  I’m not going to repeat the rest of the story.  No, I didn’t loan her money, and I haven’t responded. It’s pointless.

I do realize that some of you reading this might think ill of me – that I’m mean, or stingy with my time, or even snobbish (when I told this story to one person, she used that term).  Some might think I should continue to try to work with her.  I’m not.  My time is valuable, as is yours, and I choose not to spend it on those who won’t help themselves.

I should also point out that I don’t believe that the three characteristics are “traits.”  Traits cannot be learned or adapted.  They are “characteristics” because they are foundational to our approach to life – and I do believe that they are learned behaviors.  And as such, they are behaviors that you can incorporate into your own approach to your life and your career.

Know Your Audience!

In any presentation, it’s vital that you know your audience. To simply present without having some idea of your audience’s needs and concerns can be virtual suicide. I saw two examples of this on a recent trip to Las Vegas.

The first, admittedly, was a non-sales situation. My wife and I decided to take in a comedy show at the Laugh Factory at the Tropicana. I was wearing a rather flamboyant shirt that my wife loved, and had bought for me earlier in the day. Well, the comedian – perhaps not getting the laughs he wanted from his routine – decided to take a couple of shots at me and the shirt…and discovered the value of knowing his audience.

He pointed at me, and said, “Wow, that is an awful shirt! Hey, the ‘70s called…and they don’t even want that shirt back.” (Admittedly, a funny line.) Then he made a fatal mistake. He said, “What, did you lose a bet or something?”

And I said, loudly enough to be heard by everyone, “Yep. The loser had to come see your show.” That got a bigger laugh than anything he’d said. He started to say something else, and I just pointed at him and said, “Think it through. I’m better than you are at this.” He decided to move on. One of my friends who is a stand-up comic told me that the riskiest thing a comic can do is to take on a member of the audience – because you have no idea who that person is and how they can bury you.

The next night, we were at the Italian restaurant at the Tropicana (which I highly recommend if you like Italian) and I overheard a salesperson presenting to a group of four distributors about how his company planned to help them grow their businesses. All was going well until he started telling them about the jan/san (Janitorial/Sanitation) program he had for them. His distributors just UNLOADED on him.

They told him that his products were inferior, and two presented him with printouts of how wildly uncompetitive his prices were. Now, I’m perfectly OK with selling at a higher price – but according to his distributors (who had obviously done their homework), the manufacturer’s product was three times the cost of his competitors. By the time we finished dinner and left, he was still doing damage control – and that was 30 minutes later.

His problem was the same as the comedian’s – except he doesn’t have the excuse that he was going before the audience cold. The salesman simply didn’t understand his audience or their concerns. If he was blindsided by the lack of competitive pricing, shame on him. One of the competitive sources they mentioned was Costco – which does not exactly keep their pricing confidential. Not ony was he blindsided by the issue, he didn’t have a good answer for them as far as why they might consider selling his product anyway.

So, before delivering a sales presentation, what should you know?

  1. Your audience’s needs: This isn’t tough. Your customers and prospects will tell you their key needs and objectives, if you ask the right questions. They’ll also be honest, which is something that my salesman desperately needed.
  2. “Third Rail” issues: When the salesman at the restaurant began discussing the jan/san products, he touched the proverbial “third rail.” (By the way – the “third rail” refers to the highly electrified power rail in a subway system. Touch it and you become quite crispy.) A “third rail” issue is an issue that is likely to set off a quick and intense negative reaction from your audience. Given the fact that two of the four distributors had done their homework on jan/san and the lack of competitiveness, it’s pretty obvious that this was a “third rail” issue. You need to know what these are – because if you touch it, it negates all the good you do in other parts of your presentation.
  3. Your own weaknesses: I sensed that the salesman didn’t really know his competitive situation on the products he was pitching – and if so, shame on him. Even if someone else sets the agenda for your presentation, it’s still your credibility on the line. Know your groundwork.

If you read these columns regularly, you know that I’m not a fan of a canned presentation. Even when you’re presenting to a group, you should be able to interact with the group (or representatives thereof) enough to take the group’s temperature and know what the groundwork is. Take that time, and you won’t be in the situation of either the hapless comic or the unfortunate salesperson.

By the way, my wife laughed all the way back to the room after the comedy show. Four other women came up to us and told us that they loved my shirt. I always defer to her taste!

What Customers Want From You (Even If They Won’t Say)

Well, I’m on the horns of a dilemma.  It’s Sunday night, and I’m spending the night in a hotel room, as I do many nights these days.  My hotel isn’t a cheap one; it’s a good one. But there’s one little problem.

The TV doesn’t work.

And by that I mean that it doesn’t turn on.  Not with the remote (which does work, because it lights up), and not by pressing the button on the side of the TV.  It’s kaput.  As Monty Python would say, “This TV is no more.  It is an ex-TV.”  I should point out that I just discovered this fact, as I hadn’t turned on the TV before.

So here I am, in a nice hotel room, probably an hour or an hour and a half before I turn in for the night, with no TV.  I have books and I’m an avid reader, and obviously I have my laptop.  But one of the entertainment sources (really, the only one that the hotel provides) is out of action.  And I’m not happy.

Of course, I could see about rectifying the situation. I could call the front desk and tell them that the TV doesn’t work.  They, then, have two options:

1.  They could move me into a room with a working TV.  I’m not a fan of this option, since I’m already unpacked, relaxed, and again, it’s a short time before I go lights-out.

2.  They could send someone up to check it out, and either fix or replace (most likely) the TV.  I’m not a fan of this option, either.  I’d have to get dressed (perhaps I’m sharing too much at this point), and the rigamarole would take up the last hour and a half of waking time in my room – time that I’ve dedicated to unwinding.

No, I’m going to do without, and then I’ll comment in the morning.  And they’ll ask me why I didn’t call.  So I’ll explain the above reasons, and then I’ll give them a very valuable piece of knowledge.  I’ll tell them what I (and most of their customers) really want:

I want things to work.  I want them to work the first time.  I’m sure they’d have worked to ‘rectify’ the problem.  I don’t want the problem in the first place.

“But, Troy,” you’re thinking, “Things can’t always be perfect.” (Correct.)  “And how could they know that the TV doesn’t work if you don’t tell them?”

I have an answer for this one.  Keep in mind that this is a higher-end hotel, and the room rates reflect that.  It seems to me like it would be 20-30 seconds well spent for the housekeeping staff to quickly turn on the TV in each room for a spot-check when they clean.  I don’t think that little extra is too much to ask at a high-end hotel.

Which brings us to the moral of this story.  Problems are best fixed BEFORE your customer notices and complains.  If you want to improve your customer service and retention, ask yourself this question:  What spot-checks can I make BEFORE my customer interacts with my product or service?  What problems can I catch before it’s a problem for my customer?

Do those things…implement those procedures….and your customers will be happier.

Now, if you’ll excuse me….I guess I’m going to read one of my books.