Good.
Better.
Best.
Which self do you want to be?
The 3-Minute Coach
November 15, 2004, Issue #62
10 Key Business Documents That Foreshadow Success
Welcome to The 3-Minute Coach
Thanks to all of you faithful subscribers who let me know
you were glad to hear from me again and to those who passed
the newsletter on. I really appreciate your kind support. It
definitely helps keep me motivated.
In joy, peace and gratitude,
Louise
Food for Thought
"My best friend is the one who brings out the best in me."
---
Henry Ford
Keep It Simple
Develop a "Common Language"
Most difficulties encountered in relationships can be traced
back to communication problems. We confuse what we think we
heard with what others said. Sometimes, we decide that
others mean something when what they said meant something
else to them. Other times, we develop a bad taste for a word
or expression, and it doesn't matter what the other person
means or doesn't mean. We transfer our bad taste to them!
How can we get around it? One solution is to develop a
'common language'. Use a name that is meaningful to you; for
example, in our home it might be KCL or Kaelin Common
Language. When you find yourself having a strong reaction to
what another is saying, call a time out so that you can make
sure you are both talking about the same thing.
I recently had clients, one who is quite visionary, the
other who is terrific at implementing and very practical.
Although they were 100% in synch on their goals, each
thought the other was trying to bring them down because of
the words they were using to describe their goal. Finding
words you can both agree on can go a long way to resolving
issues.
I am also reminded of a time in my corporate past, when I
had a month-long disagreement with the Systems developer. I
requested that a main-frame program be integrated into our
desktop work system, something I knew would take 5 minutes.
The programmer kept telling me it was a very large project
and would command incredible resources. We were both adamant
in our views until, by accident, we came to understand the
problem was the word 'integrate'. For me, integrate meant
put a pick on a screen that jumped you over to the on-line
inventory system. For the programmer, it meant take all the
data from that system and have it be accessible within the
desktop application. Once we understood our use of the word
integrate, we both agreed with the other person. My request
would take 5 minutes; what he thought I was requesting would
consume (unreasonably) tons of people and programming
resources. What a difference a word makes!
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Feature Article
10 Key Business Documents That Foreshadow Success
No matter what business you're in, or even if you manage a
project or household, taking the time to plan where you want
to go is a critical factor in creating success. Even if you
don't hold to your plan 100%, the process of planning helps
put you in control of the business. Each of the following
documents can and will expand your understanding of the
critical factors necessary to achieve your goals.
- Personal Vision/Mission/LifeGoals
Before you can figure out where you want your business to
go, it's essential to figure out where YOU want to go.
Develop your personal vision (of the ideal world) and your
mission (what you will do in your lifetime to help make that
vision real). The next step is to get clear about what your
ideal life looks like. Are you sitting on the beach or
sitting in traffic waiting to get to the next meeting?
Success in business should allow you the resources to
(eventually) live your dream life.
- Business Vision/Mission/Operating Principles
Now that you know where you want to go, what is the vision
of your company. The vision should be big, bold, audacious!
The mission is your company's role in implementing that
vision. The operating principles are how you wish to go
about doing business. Think of these as your corporate
standards, the behaviors you hold youself to.
- Business Plan
In order to get financing, you may have to complete a
20-page business plan (especially if there is a product
involved). For yourself however, I recommend the "One Page
Business Plan" as described by Jim Horan (Check out the book on : Amazon
In addition to your vision and mission, include (1)
Objectives, the hard numbers you wish to achieve: 30 clients
by February 2005, $200,000 in sales by September 2005. These
should be clear goals you can check off when you have
accomplished them. (2) Strategies, the high-level actions
you plan to do to accomplish your objectives. For example,
become an expert by writing articles, develop products with
multiple price points, outsource as little (or as much) as
possible. (3) Plans (the items that will build the business
in the next time frame, 2 to 4 weeks at the outside. This is
and isn't a to-do list. It's not your daily list, but it
should help focus your priorities in the next week or so.
- Ideal Client List
What are the qualities of your ideal client and what can
they expect from you. Make as long a list as necessary, then
highlight those qualities that are non-negotiable. These
items should include personal characteristics as well as
ability to pay, for example. Not everyone who breathes is an
'ideal' client, although many new business owners start by
using the breath test - if they're breathing, they qualify!
- 'Why Me?' List
Identify 20 qualities or skills that make you an excellent
business person (but specific to your business, for example,
coach, lawyer, accountant, natural healer). If this is for a
project or household, identify what makes you a good
leader/mother/father. Make these as detailed as possible.
- Marketing Plan
How do you plan to get the word out there about your
business or services? This should go from strategies
(advertise by flyers to local businesses) to specifics (take
Fall Specials flyer to 40 stores in local area) to planning
list (create flyer, get 50 printed, identify stores, take to
stores, etc). Be sure to include multiple strategies and
multiple specifics under each strategy. You may have a
favorite marketing approach (e.g. giving talks at clubs),
but it's wise to not restrict yourself to that unless you
have enough business for the next two years.
- Communication Plan
Think through every interaction your customers will have
with you and identify what that interaction will look like.
This should include pre-sale, acceptance, ongoing
maintenance, complaint resolution, and feedback. For
example, under "Signs up new client" you may have 1. Send
welcome letter with directions to access client-only site.
2. Request completion of start-up package. 3. Identify
payment method. 4. Get address, phone number, etc and add to
client database.
- Roles, Responsibilities and Competencies
What hat are you wearing today? For most small business
owners and professionals, there are many hats and only one
body -- yours! Even though you wear them all, it's necessary
to get clear about the different roles necessary for the
successful running of your company, and what qualities that
ideal person should have. Besides preparing you to have
additional people involved in your company, it helps keep
you clear about what skills you need for the task at hand.
For example, doing administrative tasks requires a different
skill set than networking and marketing. I tend to think in
terms of Vice Presidents, so Owner/President, VP of
Marketing, VP of Sales, VP of Operations would be good
places to start.
- Business Recovery/ Disaster Recovery including Sucession Strategy
Planning for emergencies is a good way of figuring out
what's really important in your business. For example, after
a week's vacation we came home to find out that a freak
storm had created a power surge that severely crippled my
hard drive. MS Windows didn't work, which meant the cd drive
wouldn't respond. I could get through to my data with DOS
(remember DOS??), but didn't have anything large enough to
copy the data to. This made me aware of the necessity of
backing up my pc (which I now do both online and on another
pc). Without my pc, I had NO business! [I now have a file
called 'New PC Setup'. Whether I decide to upgrade or face
an emergency, I know each and every step I need to take to
get my pc up and running as quickly as possible, including
where backups are kept and where to find the original
programs].
When I was in the corporate world, we had a 3-level plan: if
our floor was unavailable, if our building was unavailable,
if the city of Boston was unavailable. For each of these
situations, how quickly could we resume doing business, even
if it wasn't quite 'business as usual'. Another dimension of
this document should answer the question 'how does business
continue after you're gone? or does it?' That may help you
have a plan for selling, or training your son to take over.
- MasterPlan
Once you've completed all these documents, the challenge is
being able to get your hands on any one of them quickly. To
make it easier for myself, I created an MSWord document that
I call "Master Plan". It is divided into the following major
areas: Planning, Personal Development Work, Professional
Development Work, Technology, People, and Systems. For each
item within a category, there is room to create a hyperlink
to the appropriate file. If you are interested in seeing
this file, send a blank email to masterplan@touchpointcoaching.com
Directions for
hyperlinking in MS Word are included. You'll see some of the
items I consider important, but be able to adapt if for your
business. (Please let me know if it works or not, or how I
could make it better.)
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Related Quotes
"Good plans shape good decisions. That's why good planning
helps to make elusive dreams come true." -- Lester Bittel
"In preparing for battle I have always found that plans are
useless, but planning is indispensable." -- Dwight D.
Eisenhower
"There are no secrets to success. It is the result of
preparation, hard work, and learning from failure." -- Colin
Powell
"Plan your work, then work your plan." -- Jay Virgil Mayhugh
"The will to succeed is important, but what's even more
important is the will to prepare." -- Bobby Knight
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The Welcome Mat Guest Column:
The Top 10 Ways to Apply
AA’s Twelve Steps to Business Problems
by Elizabeth Tull and Louise Morganti Kaelin
One of the reasons for the success of the 12 Step programs
is that they are based on solid principles that can be
applied to many areas of life, and that includes business. A
successful company takes stock regularly and. turns
liabilities into assets. Here are some guidelines for
applying these principles to business situations, whether
with systems or people.
-
Admit there is a problem.
The very first step in dealing with any problem is to
acknowledge that there is a problem. Surrendering to the
idea that control is an illusion allows one to be proactive
rather than reactive which creates opportunity for solution.
-
Recognize that a power other than yourself can restore you to sanity.
You do not have to do it alone. You can go to mentors, peer
managers, a coach, or even business literature to tap into
additional experience, tools and solutions.
- Choose to turn it over.
Sometimes the biggest obstacle is you. There are times when
the best thing you can do is to get out of the way and let
others do their jobs.
- Analyze the situation to determine the cause.
Where did you drop the ball or where could you have handled
the situation differently? Look for specific situations,
especially those where you can see you were part of the
problem and not the solution. The question to ask: 'Have I
truly set my people up to succeed in every area of their
responsibilities?' Look for consistent patterns in which you
are the liability. Remember, if it begins with you, it can
end with you.
- Create a successful plan of action with another person.
An objective view eliminates blind spots and also brings
attention to what we do not see ourselves. This step must be
taken with someone with integrity and who is concerned about
both the business success and your success and a proven
track record of creating results.
- Humbly get into action.
There is a reason servant leadership creates companies that
thrive financially as well as in employee/management
relationships. Become a servant-leader and reap the
benefits, both personally and professionally.
- Let your side of the street sparkle.
Take stock of your personal inventory and identify where and
with whom you need resolution. Then, decide what action you
will take in order to complete/restore relationships.
- Be entirely ready to implement your plan of action.
Be committed to resolving the situation. Any second-guessing
or conflicting intentions should be discussed and put to
rest. Willingness is a state of being, not just an attitude.
It may sometimes be necessary to modify your plan of action
if you are not getting the results you looked for, but
'don't quit before the miracle'.
- Lead by example.
Be an active part of the solution and admit your piece of
the problem. Show up as a leader who accepts personal
responsibility and earn respect. You don't need to demand
it. People will go where you lead them, so lead by example.
- Create an outline for others.
Once you have increased productivity and have the trust,
respect and loyalty of the people involved (up, down and
across); write down these steps as guidelines for yourself
and others to operate from. In addition, they will available
to support other managers in similar situations.
-------------------
Copyright 2004, Elizabeth Tull & Louise Morganti Kaelin , All rights reserved.
Elizabeth Tull is a professional coach who specializes in
helping individuals craft and design personal legacies and
enhance sober living. She also works with families dealing
with clinical depression. Visit her website at
www.agapelegacycoach.com and sign up for her
newsletter or one of her classes.
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Working Towards Wholeness: Action Step
[This is a new section of the newsletter. For me,
wholeness represents being my best self living my best life.
I believe there are 12 keys to living in wholeness. Each
newsletter, I will look at one action step you can take so
that you may get one step closer to wholeness.]
WHOLENESS KEY: Complete the Past
ACTION STEP: Let Go of Your Shame
Taking accountability for one's actions is one of the key
steps towards wholeness. However, there is a difference for
being accountable and taking responsibility and punishing
yourself forever. If you find yourself coming up against the
wall time and time again, look within at what you feel the
most guilt or shame about. Very often these are thoughts
(not even actions!) that we have never shared with anyone,
but which leave us feeling so guilty or ashamed that we
decide that we are so bad we don't deserve joy or happiness
(however that would show up in our lives). Talk about
putting someone in jail and throwing away the key! Very few
crimes warrant punishment for life and those are meted out
by a court of law. Most people who get a court sentence have
an end date established, with time off for good behavior. I
am willing to go out on a limb and say that, if you are
punishing yourself, you've way outdone your time!
To find out if there is something you feel guilty about that
is keeping you from experience wholeness, follow the next
few steps:
LET GO OF THE SHAME EXERCISE
-
Take a long, slow breath. Really allow your mind to get
involved with the process and follow your breath in, hold as
long as possible, and exhale out (really push it out).
-
Complete the following statement (preferably out loud,
but write it down it that's not possible): "The thing I am
most ashamed of is ________________________."
-
Become aware of your first thought or feeling. All you
want is awareness of what the feeling is. If it's too
general, try to pin it down, but once you've done that, keep
moving.
-
Take a long slow breath. Repeat the sentence outloud.
Become aware of your first thought or feeling.
-
Take a long slow breath. Repeat the sentence outloud.
Become aware of your first thought or feeling.
-
For most people, by the 3rd repetition, they notice that
the feeling has changed, that there is a lightening of the
guilt/pain/sadness that usually accompanies the first time
they acknowledge their shame.
-
To find out if this is true for you, complete the
following sentence: Right now, the thing I am most ashamed
of is ________________________."
-
Follow steps 3 to 7 until you feel 'complete'.
-
After a week or so, look back on your life since doing
the exercise. Do you notice any changes? Has anything become
easier? Is there something else that has surfaced? Return to
the exercise if necessary, but also start to enjoy the
benefits of having freed yourself.
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-
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Identify areas where you already have reserves and find new ones.
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EXERCISE: RELEASE THE PAST
PDF file with directions for letting go.
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PDF Exercise for gaining clarity on goals
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All That BIZ
Louise Morganti Kaelin is a Life Success Coach who partners with others to
help them turn their dreams into reality.
Phone: 1-617-984-2868 or 1-866-COACH-99 (toll-free inside USA)
Email: louise@touchpointcoaching.com
Web: http://touchpointcoaching.com
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