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BLOG: Top Tips on Productivity

Ask, but NOT for Referrals

There’s three fatal flaws in asking for referrals.  So don’t feel bad if it hasn’t worked for you. It’s important to ask, but not for referrals. Here’s why asking for referrals fails and what to do instead:

3 Fatal Flaws

1:  The Bait & Switch – Traditional requests for referrals come at the end of a client meeting, often as the last thing.  In that moment, conversation dramatically switches from the advisor working for the client to the client working for the advisor.  No wonder many clients look befuddled and stunned.  At best it’s a startling.  At worst, it turns a productive meeting into an unpleasant bait and switch.  Intuitively, many advisors feel hesitant and for good reason.

2:  Awkward!  – In addition to the sudden switch, the traditional approach asks all clients indiscriminately.  Unless they’re willing advocates, it’s very awkward.  Few clients will openly tell their advisor “I really don’t want to solicit for you”.  Instead they’re just going to feel uncomfortable or worse, resentful.

3:  Whose Job is it Anyway?  If the advisor gets through the first two land mines without damaging the client relationship, all the responsibility is thrust on the client to deliver.  It’s unrealistic to expect a client to do all the work for you.

How & What to Ask

1.  Make a list of the clients that love you (you know who they are).

2.  Ask for their feedback (not during their review) about what’s important for them, their colleagues, friends and family.

3.  Serve those needs and deliver that value.

There’s lots of ways to deliver value: relevant education, community involvement and social gatherings.  The right formula will depend on your market, your clients and their friends. One size does not fit all.

True Story:  Big Success with Local Interests

An advisor and wholesale partner are building a referral network with women in their area.  They’ve done several successful events with the women bringing more friends every time (by the way, they asked what the women wanted).  The most recent event took the women to a shooting range, for weapons training.  They loved it!

Obviously weapons training will not have universal appeal. Your local client interests will be revealed as you ask their wishes and those of their peers.  You’ll have an opportunity to shine and they’ll have an easy and appealing way to include family and friends.

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How to Make a Leader Love You!

A client who leads a local office is facing a new organizational structure and regional leader.  We’ve been strategizing on the new regime.  The result:  Smashing Success!  The leader has been hugely complimentary and they’ve established an outstanding rapport. Here’s how:

Avoid Top 3 Traps:

Assuming the Worst  - Lack of information automatically triggers negative assumptions.  In psychology we call this Negative Closure.  When there’s a gap we fill in with negatives.  For example, when you expect a loved one at 10PM and they’re still missing at 2AM, we imagine the worst! When the future is unclear this is the automatic reflex.  Unless you actively work against it, Negative Closure will rule.

Rumor Epidemic Rumors are a mass infection of Negative Closure exacerbated by fear and half-truths.  Rumor toxicity is highly contagious! Unless you protect yourself and your team, you will be infected.

Jacked-up & Jumpy  - If we don’t guard against the first two traps, we’re set up for the Fight or Flight Response. We start prepping for a fight, building our defensives or both.  The more we get ready for battle, the more we reinforce the negative closure and succumb to the rumor virus.  This leads to shoot first and ask questions later defensiveness.

Seize the Moment Positively:

Focus on Strengths & Opportunities - Review your strengths and the opportunities.  No change can take away your successes and there’s always opportunities.  Fill in the gap with positives.  Keep doing it.  Negative Closure is the default unless you keep hitting the positive reset button.

Quarantine! - Do everything you can to avoid the rumor mill.  Make a personal and team commitment to re-direct conversations back to your strengths and the opportunities.  Somebody’s else’s worry or complaint is their nasty virus, don’t infect yourself or team with it.

Be the Welcome Wagon - People hate change and they greet it with fear and loathing.  New leaders often face resistant or even hostile crowds.  Put yourself in their position.  How would you feel when greeted repeatedly with suspicion or hostility? Not so good!  Instead, show optimism and enthusiasm. 

Ask How to Support the Vision - We naturally focus on “What will this mean for me?” leading to all sorts of questions and conversation about “Me”.  Instead, learn about the leader, the vision and how to support the vision.  Show interest in the individual and their goals.  Like dating, a self-absorbed date is really unappealing.  Showing genuine interest is attractive and sets the relationship on a positive path.

My client did all of the above techniques.  Having an enthusiastic and welcoming approach made a huge difference.  The leader was highly complimentary of the local manager and the office.  Even more, expressed how refreshing it was to have a positive and encouraging conversation!

They’re off to a great start and the client has made a hugely positive impression and clearly standing out above the crowd.

Dealing with change, restructuring and new leadership is a challenge.  The basic disciplines are a great start.  For more check out the below resource.

Resource of the Day: Contact me Ask for the book The Top Performer’s Guide to Change

 

 

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Secret to Greatness!

Coaching gives me a unique window into the challenges of professionals. Clients can say anything to me……and they do.

I’ve heard stories of lost opportunities, squashed growth, stunted development, conflict and heartache.  All of this caused by an insidious and destructive force:

Selfishness

Selfishness is the source of greed, arrogance, control and contempt.  It’s devoid of generosity, humility, freedom and compassion.

We rarely speak openly of vices and virtues, but they matter.  The vice of selfishness costs teams and organizations talent, productivity and revenue.  We’ve all experienced it and seen it.  Here’s a sampling from the coaching confessional:

Partners tired of inequity leaving, shrinking the business & the future.

Top quality staff fleeing after being worked to exhaustion.

Young professionals going to competitors after broken promises.

Good team-members demoralized when careless leaders placate slackers & divas.

Rising extraordinary talent squashed so the boss can look good.

Initially, selfish people get what they want (money, control, power, status, accolades, etc…).  But in the long term they lose.  When top people can’t stand the selfish patterns anymore, they leave taking their productivity and talent with them. I’ve seen this over and over, as have you.

Building the “anti-selfish” disciplines of humility, generosity and compassion in yourself and on your team is the secret to greatness.  These are the source of all good energy, innovation, creativity, courage and achievement.

Speaking of humility, let me share quite honestly:

I have a long way to go!  

Thank you to all who’ve put up with my lapses, I’m grateful for your generosity and compassion.

Resource of the Day:

For more on the power of these virtues in business, watch Brené Brown renowned research professor at the University of Houston and author of several books including: Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead (2012).

Brené Brown, 2010 TEDx talk, Houston TX :  The Power of Vulnerability

Brené Brown, 2012 TED conference, Long Beach CA:  Listening to Shame

PS.  This week is Holy Week and Passover, a good week for reflecting on the transforming power of virtue.

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Really! I Lost You – How?

It’s amazing how easily we can turn people off.  We say or do things out of habit, without realizing the impact.  This is especially true when connecting with new people, either individually or as a group.

Recently, I was speaking at a conference for women professionals.  The host put on a fantastic event packed with great speakers and topics.  As I listened intently to a speaker, I noticed the analogies and assumptions were highly relevant to guys and not relevant to women.  It came off like a football coach encouraging a team to man-up and win!  The presenter was not using football analogies, that’s not what I mean.  But it was filled with motivational triggers for guys including:

      • Sports-Talk
      • Competitiveness
      • Good-natured Mocking/Ribbing
      • Prodding to Perform

The talk was really good, fun, informative and accurate but tuned for an audience of only men.  Unfortunately, the audience was only women, since it was a women’s conference.  I suspect the speaker had no idea of how disconnected he was from his audience.  After all, he’s normally talking to mostly men.

Later on, I was enjoying time with the participants and asked their perceptions.  They just laughed and agreed that it was tuned for men and not for them.  As women professionals in financial services, they’ve just gotten used to guy talk, even though they do not find it appealing.

Financial services has a long history of working with, for, and around guys.  There’s a lot of guy talk.  There’s nothing wrong with guy-talk, just like there’s nothing wrong with gal-talk.  It just works better when you use it with the correct gender.

If you want to connect with women, be aware of habits that may accidentally turn them off.  Below are tips on things to avoid and what to do instead.

Tip of the Day:  Guy-Talk to Avoid & How to Connect with Women

1. Sports Talk:  Many women enjoy sports and many do not.  Using sports analogies routinely may turn off your female audience.  Even common phrases like “driving to the goal” are embedded with sports assumptions.  Pepper your speech with analogies everyone can relate to.  There’s lots of them, when you think  about it.

2. Competitive Talk:  Generally, women are not as motivated to compete against other people.  They’re more motivated by achieving what they want for themselves.  Talk of competing, winning, rankings, being #1, or becoming top-dog is less likely to resonate.  Instead talk about achieving personal goals, developing the life you want, feeling satisfied, doing your best, providing quality, serving others well, and caring for loved ones.  These ideas reflect more of what women care about.

3. Good-Natured Ribbing/Mocking:   It’s normal for men to engage in good-natured ribbing.  Even the best of friends will “insult” their buddy by throwing out a jibe.  Although there are always exceptions, this is not at all acceptable among women.  Women respond to encouraging, supporting and cheerleading.  Focus on encouraging talk that feels like “Come on, we can do it, I’m here to help you!” and not competitive talk that feels like “Come on, get moving you’re slacking!”

4. Prodding to Perform:  We’ve all experienced the different gender trends on how men and women deal with problems.  Usually, if something goes wrong women will look inward and ask themselves “What did I do wrong?”.  It’s more common for men to look outward and ask “What other person or event caused this?”

Women are much more likely to be highly self-critical and not need prodding to perform.  They’re mostly likely whipping themselves enough already.  Even gentle prodding is likely to be discouraging or even insulting.  Instead,  focus on helping them articulate what it’s important, how they have succeeded so far, and helping continue the success.  Help them get more “A’s” on their life report card.

Disclaimer:  I’m quite sure I’ve made similar mistakes and missed my listeners by accident (notice I’m criticizing myself here, how very female of me). I’d love to hear your comments and thoughts.  Reach out and share a story or comment! 

 

 

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Clients Share Results – Wanna See?

Several clients recently reported results from coaching.  I’m completely thrilled and celebrate their success!  I can’t mention names in a public forum, but these are real results.

  1. Revenue up 30% since last year
  2. Planned & executed consistent quarterly client events
  3. A streamlined client service model to be more consistent & effective
  4. Eliminated excess tasks and increased efficiency
  5. Increased client service and staff support to clients
  6. Developed & executed proactive client communication plan
  7. Successful women client events with 90% of prospects requesting a meeting
  8. Instituted productive & consistent staff meetings
  9. Increased sales 6x over last year
  10. Increased recurring revenue over 1500% in 2 years (yes-over 1500%)

Some results are easily measured in dollars.  Others are disciplines which result in higher dollars.  We work on whatever is most important to each client and keep growing with every new level of achievement.

One client shared that coaching to streamline the practice has given the advisor lot more time and renewed energy to tackle new goals.  Yippeee!  We’re moving to new levels of growth with enthusiasm and energy!

Another client wanted to increase a specific sale.  We coached together on a new targeted sales plan.  The result, 6 times more sales in the first month, than all of last year.  Even better, the client loves the plan and is happy to execute.

That’s why coaching is so personal and custom.   The secret sauce is different for everyone.  Developing and executing the strategies that work and work for you is thrilling!

I’m so grateful for the support of my clients.  Custom coaching is highly individualized.  The results are unique for each person.  Whenever someone wants a reference, my clients are eager to talk about their results and enthusiastically share their achievements.  Thank you!

Tip of the Day:

It’s goal-setting time!  Below are 5 probing questions to consider as you pursue 2013 goals:

  1. What’s making me successful?
  2. What’s holding me back?
  3. What do I want to do more of?
  4. What do I want to do less of?
  5. Looking at the answers for #1 – #4, how am I going to do less of #2 and #4 more of #1 and #3?

Resource of the Day:

I talk with advisors all around the country about productivity.  Over the years,  I’ve noticed certain challenges are common.  Below is a link to the Top Ten Productivity Pitfalls with tips to overcome each one.

Top Ten Productivity Pitfalls & How to Avoid Them

If you’re wishing for renewed energy and more growth, reach out.  Every coaching client has achieved significant results.  It’s like having a personal trainer for professional growth.

 

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