Showing posts with label leadership. Show all posts
Showing posts with label leadership. Show all posts

Friday, May 30, 2014

5 gems from world leading guru George Kohlrieser

I had the privilige and honour of having a few drinks with 2 leadership gurus of our time - Allen Pathmarajah And  George Kohlrieser. 
Georges keynote at The world business forum in Sydney was inspiring (allen speaks Tuesday 3 June on how executives can become inspired leaders )


these were some of the takeouts, 

1. Provide a safe base - a leader needs to create a safe base to enable people to take risks , change and grow - trust is key to drive change

You cannot expect a team that is full of fear and who are not allowed to fail - to be creative, to innovate and to dare.





 -care to Dare



2-  conflict is not a bad thing - it's a difference of opinion - it's how you handle that conflict and the power of language that will make a leader great

3 you cannot fail if you don't give up! You can achieve anything 

4.  create bonds and build relationships 

5. balance your life and enjoy the ride 

Saturday, August 03, 2013

Is the 206 billion deficit the core issue in our Australian elections?

My politics are "agnostic" - I think the political system and policies of Labor and Liberal are both good.... however I am not cool with lies and deceit!

The Australian's article this morning ht a chord with me


"THE era of Kevin, interrupted by the Julia interlude, has been a roller-coaster ride. Having promised fiscal conservatism, the excuse of the global financial crisis unleashed a period of rapid growth in government spending, successive budget deficits and mounting public debt under Kevin Rudd's guidance.

Now, with Rudd's return, Labor has launched a charm offensive that seeks to whitewash the past: it is as if aliens from Mars, fortunately departed, had been in charge. But the damage of that era cannot be wiped out so easily.
Will the electorate forget Rudd's past as he seems to have done?"

... so here it goes!!

Before Australia can continue to go forward economically, we need to identify what the problem is before we can fix it...

What is that problem?

Is it Bad fiscal management?

"The Commonwealth's balance sheet has shifted from $44.8bn in net assets when Rudd took office to $161.6bn in net debt this year..... a $206b turnaround!

a shift from a budget cash surplus, averaging 0.9 per cent of gross domestic product during the Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010. "

This in itself might not be a bad thing.....has the money been used for good purpose. It is interesting to provide a score of 1 - 10 on the following questions (KPI's)
  • Has that debt resulted in an increased asset base for our country, that will lead us to sustainable growth for the future?
  • Stave off the negative effects of a worldwide GFC
  • Are the people happier, better off, worse off?
  • Has our infrastructure improved?
  • Roads, trains, bridges, education, healthcare, security, leisure time, etc?
  • Sustained benefit for the community - such as healthcare, edcation , security
  • If they spent to facilitate commercial enterprise and SMEs
    • export, 
    • r and d, 
    • innovation,
    •  infrastructure, 
    • workplace education, 
    • leadership programmes, 
If the blowout was to support something that is beneficial for the shareholders (the people) that generates revenue and sustained benefit instead of trying to kill business, they would have lots of revenue and could spend what they have.
But they seem to  just keep going back for another piece of the beheaded Golden Goose and seem to spend it on unsustainable 

 Joe Hockey's comment  "We don't have a Revenue problem, we have a spending problem." should be finished by .... "on things that are not sustainable or beneficial to the public!"

The past decade from mining has resulted in a massive revenue windfall. 
Increase demand of resources to china and India and massive increase in the price of steele ($30 to $130 per tonne).
What are the things we can do to make this revenue sustainable?

What did we do with this revenue? 
Did we spend it on infrastructure that would increase productivity?
 Or
Did we blow it all on tax cuts and subsidies to inefficient private services, wasteful programmes (batts, school rorts) ,public bureaucracy (increased politician wages), badly managed programmes (blowout of NBN)

What if we took  the wasteful spending out of the picture... Imagine it was never spent...however, continue to support stimulus in a sustained way.....where do you figure the budget would have been today?
Surplus or Deficit

2. Is it Bad Leadership - 
The government needs to be responsible governors and leaders

Living within your means shouldnt just apply to consumers and business... It should apply to government!

Spending capital and debt is a good thing, which can create wealth for individuals, corporates and countries.
however
The debt has to be good debt!
Debt that is used for sustained growth and benefit for the future of the country.

But they just keep going back for another slice of the beheaded Golden Goose !!

It's ok to spend from capital or debt, as long as their is a reason or a plan that this spend will ensure growth and sustained surplus where more money will come in than go out!

Core values
If management
  • stuff up
  • lie
  • don't perform
they need to be held accountable and  fired..... I have never seen a CEO that has been fired for incompetency bad management and bad leadership be returned by the board!

It seems ok to the Electorate (the shareholders) for our leaders to lie and cheat and backstab.... Just because "that's what politicians do"

This is an inditement to ourselves, the people!!  The shareholders should call a meeting to replace the board  and the returned CEO!

HERE'S THE THING!!!

Shit happens, budgets blow out, business turns around, ventures fail.... That's OK, and can be rocks that seem to be in the way, that can act as stepping stones later on! (thanks Paul :))

But if the core values and ethos is where lies and deceit and mismanagement is OK, the end of prosperity is near .....

And that is what the real issue is!

The credibility of this government is questionable. They do not have the moral authority to remain in government, nor can we vote them in based on competent leadership and governance....

Whether it was a Liberal or a Labor government.... My comment above would be the same!

THE OPPORTUNITY
Australia has the opportunity to be the shining light to the world.
We have it all
Resources, Beauty, Peace, Multiculturism, Racial and Religious tolerance,, Good people, Free press, Great Climate, Good Education, Innovative People, Strong International Relationships and a strong Moral Compass

(Just remember Kevin, we were all immigrants, many of us refugees)

Let’s use these assets to build an awesome nation with a sustainable future for ourselves, our children and our future generations...,

Let’s leave our kids an amazing legacy....

We need great leadership based on core values of truth not lies!



Tuesday, July 23, 2013

11 leadership lessons from a jazz musician

Josh Linkner - www.inc.com

18 June, 2013

Josh is a successful entrepreneur and a VC, but would like to be known as a jazz musician. 

jazz is his passion

While on the surface it would seem that jazz musicianship is the polar opposite of running a business, the two practices are linked in numerous ways.

Just as you'd learn a great deal from a trusted advisor, so too can non-traditional sources help you to expand your knowledge base. 

Jazz musicians are agile and dynamic, carrying their group's song and themes through the diversified landscape to the end. 

Josh says that he doesn't  know anyone better to provide leadership advice than a professional jazz player for this very reason. 

Josh gives 11powerful takeaways Ihe has picked up along the way from incredible musician leaders--let these lessons shine at your business, and take you beyond what you thought possible! 

1. Playing it safe gets you tossed off the stage. Some executives would say that in today's turbulent economy, takings risks isn't wise. If you don't take risks you'll never excel. Playing it safe all the time becomes the most dangerous move of all.

2. There are no do-overs in live performances. For every hour in a "performance" setting, you should spend five hours practicing. Athletes do this, musicians do this--muscle memory is no different in the board room, in front of a new client, or with your team. So why aren't you doing this?

3. Listening to those around you is three times more important than what you play yourself. If you're the one talking all the time, you're not learning anything. Listen, absorb what you hear, and use the information to make a conscious choice about whatever you're facing.

4. There's a time to stand out as a soloist and a time to support others and make them shine. You rocked a project--nicely done. Praise is well-deserved. However, as a leader, it's more likely the case that your team members rocked a project, together. Susie was on top of her game with the slide deck? Tell her--and tell the client. Johnny couldn't have articulated the challenge to the press any more astutely? Refer back to his commentary as a stellar example. When you can share the wealth, everyone wins.

5. Expect surprises and adversity, since jazz (and life) is about how you respond and adapt. If running a business was always smooth sailing, everyone would do it. That being said, the old adage explains that "a smooth sea never made a skilled sailor." Anticipate hurdles and maximize your team's effort to jump over them.

6. Know your audience. If you're playing for a group that's looking forward to something slow and calming and you get on stage and play a wild and crazy, upbeat riff, nobody will dig it--even if it's a well-crafted piece. Your customers are the same. If you're not working to provide them with something they want and need, you're doomed to fail.

7. It's always better leaving people wanting more, rather than less. Of course as you live and breathe your business, you have a visceral urge to share every piece of minutia with anyone who asks. Don't. Instead of pouring it all on at once, give people a teaser, so they crave the next bit you explain. In similar fashion, don't try and launch 15 products at once for a new line; start with one or two to get people begging for more.

8. The best leaders are those that make others sound good. Big band leaders bring out the best in their troupes--during a sax solo, his job is to make sure the drum line supports the sax player with a quality backdrop to make the riff shine especially bright. Are you putting these pieces together on your team? Where could someone excel that they're being held back? Shatter those boundaries and encourage creativity to soar.

9. Pattern recognition is easier than raw genius. If you drive the same way to work every day for a year, you're bound to learn about--and avoid--the pothole on Main Street that you pass each time. Jazz is no different; if you've played combinations countless times, it becomes second nature to pair new things together based on previous patterns. So too in business, seasoned executives and professionals have seen so many types of people, deals, projects, and processes, so it becomes much easier for them to avoid these proverbial potholes, rather than having to start from scratch every time.

10. Shy musicians are starving artists. If you're playing a gig, you get paid when there's butts in seats, so you can't be shy in telling people about the upcoming show. Why haven't you been this bold in your new product launch? Are your employees evangelical about your company's culture? Are your vendors singing your praises?

11. Keeping it new and fresh is mandatory. Jazz has its roots in real-time, collaborative innovation, just like the act of starting and growing companies. If you're not actively seeking new challenges and ways to expand your horizons, you are automatically falling behind.

Legendary jazz pianist Dave Brubeck put it best, and his words resonate not only on stage for musicians but also in life for business leaders. As he so eloquently described it, "There's a way of playing safe, there's a way of using tricks and there's the way I like to play, which is dangerously, where you're going to take a chance on making mistakes in order to create something you haven't created before."

Wednesday, February 13, 2013

10X Leadership Insights - 13 February 2013

An awesome Insight from the founder of 10X Leadership on his way to the "John Maxwell Live Training"

Best of luck Ivan Ang (interesection between preparation and opportunity) ....
Looking forward to a major debrief!!
You are amazing!!


Ivan Ang - Wednesday, 13 February 2013, 02:16 PM
I'm writing this in the lounge inside Sydney International airport, awaiting my flight to the USA to attend the John Maxwell Team Live Training. I am so excited about this trip and have no doubt that I will once again learn lots from the highly experienced faculty members, not to mention from John Maxwell himself.

He mentioned that he will be speaking on Transformational Leadership. I haven't done much research into this topic so can't wait to hear what he has to say.

This trip certainly has been a stretch financially for me at a time when 10X Leadership is still relatively young. Some have questioned why I would spend money at a time like now on going to the US to attend another training workshop when I could be more focused on building my business. Those people do not understand that if I am not prepared to invest in myself, in my own personal and professional growth, how can I expect to ask my clients to do likewise?

I had a coaching client that told me this week that she has a new job interview and in her email, she asked me to wish her luck. I told her, "Luck is the intersection of Preparation and Opportunity". I really believe that.

What are you doing today that is going to prepare you for when that next big opportunity comes around? What are you doing about your personal and professional growth? When was the last time you attended a seminar that really challenged you? Do you have a coach that will push you and encourage you to climb the next mountain and reach even greater heights?

The difference between successful people and unsuccessful people, I believe, is that successful people are already prepared when presented with an opportunity. However, for unsuccessful people, when opportunity comes, it's too late and they find themselves complaining that others seem to be more "lucky". Don't let that be you.

If you are not sure what you can do to develop yourself and those around you, please email me at ivan.ang@10x.com.au. It would be my pleasure to point you in the right direction.

Have an awesome week. I will see if I can write my next insights from the JMT Live Training and share some highlights.

Yours in Success,

Ivan Ang

Tuesday, September 25, 2012

Trust



From JM Blog
Steve Jobs - You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something - your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life. Steve Jobs

 Deborah Carey TRUST is expensive. Protect your investment at all times. TRUST is being secure in your own value and having enough "cushion" that protects you when it comes down to the account of trusting someone else. Be honorable. Be valuable. Be TRUST today.

 Nuel C Ikeakanam · Trust is the concrete that holds relationships at all levels. The more people trust you, the more they allow you into their world. The more a leader is trusted the easier it is to lead his team. Once broken, almost impossible to rebuild.

 Nancy Delfin Amores · TRUST speeds up everything! (by JCM) TRUST is a gentleman's agreement, it is without paper and pen.It is your word and my word, It is your promise and mine.it is your commitment and mine.So, TRUST is believing someone, that what you have agreed upon, YOU WILL CARRY THROUGH BECAUSE YOU BOTH has put in your integrity, your name without the need to go in contract. In any relationships, parents and children, husband and wife, friend to a friend, or between two lovers, TRUST is the most important factor...basically if you do not trust a person, you can not give or show love at all, if you can not trust your child that he can now cross a busy street, you can not leave him and will continue to help him cross..so it limits you or hastens you to do other things..meaning you are slowed down because you do not trust.For friends, you will forever keep or with hold who you are if you do not trust. So for me, TRUST is KNOWING A PERSON WELL FIRST AND FOREMOST, learn of his ways, his character, his capacity, his intention, and maybe his plans...by that you can SLOWLY and CAREFULLY establish your TRUST.i SAID "CAREFULLY, because trust can only be given if you are already seeing that HE IS WORTHY OF YOUR TRUST...and when trust has been established...Faith follows..

Dr Richard Norris Trust is talked about but has generally gone on walk about! As leaders, be that at work, rest and play, trust starts with you. If you cannot trust others then do not be surprised that those who follow do so slowly, poorly or not at all. Note though that you must trust yourself. The level to which you can trust yourself will impact how much you trust others. A healthy trust of self will ensure you trust others healthily. My wife, Nancy, has always said that I tend to trust people too much. I have paid the price for that on several occasions (it has cost me time, energy, money and relationships). As such a caveat on trust surely must be to give trust initially in proportionately to what is being asked of those you are leading. In due time as you increase your trust in others they will increase their trust in you and your leadership will flourish. Trust is a test. My first day as an officer in the army, the experienced soliders tested me. The first game a new quarterback comes off the bench his team will be establishing their level of trust in him. Trust is learned and earned.

 Nilvia Felipe ·Without trust it is nearly impossible to accomplish anything greater than ourselves. We need a team of people that believe in us enough to follow us and trust us enough to help us manifest our vision. Without trust all else fails... love, hope, loyalty, character, etc... Trust is a building block from which all else can then grow from. Gambrill Communications "A man who trusts nobody is apt to be the kind of man nobody trusts." -

Harold MacMillan. Oftentimes in order to establish trust, the leader must go first and set the example. When you begin to trust the people you lead, they will begin to trust you.

Saturday, September 08, 2012

5 bad habits that prevent you to listen effectively and the 6 things you can do to improve your listening skills!




A great article By
Mary Goodman and Rich Russakoff - I can really benefit from this!!










Listening is a skill that will make you more successful.... It seems as if some people are just naturally good listeners... the truth is, it is not a gift, its an acquired skill!! (Thank the lord - as I need to do a lot more of it!!!!)
Its interesting that "Listen" and "silent" has the same letters!!
The better you listen, the more others appreciate you and, in turn, the more they listen to you. By listening better, you learn more and misinterpret others less. 

5 Bad habits that get in the way of effective listening. 


  1. Multi-tasking - Do you ever look at your phone or check emails during a conversation? If you think you can multi-task while listening, then you don't know what you're missing. It's also painfully obvious to the other person when we are distracted.
  2. Me, Me, Me - If your major concern is how others perceive you, or what you'll say next, then you can't focus on what is being said.  Listen with a view to understand - not with a view to respond!! 
  3. Brain Speed - If your thoughts outpace the speaking style of the person you are talking with, do you let your mind wander? Do you  interrupt the other person because we believe we know what the person is trying to say but taking too long to say it.
  4. What did you Say? - Hearing loss can adversely affect every conversation, from missing out on a pleasant exchange to serious safety issues. If you suspect you have a hearing problem, get tested. If you know you have a hearing problem, get hearing aids. If you own hearing aids, wear them.
  5. Line Butting - You're bored with the subject so you interrupt and introduce a new topic. Or worse, you start talking about yourself.
Which ones are you guilty of? 

6 things that you can do that will dramatically improve your listening skills.

  1. Paying attention - give the other person your undivided attention. In the words of Gandhi, "Wherever you are - Be there."
  2. Listen with your voice -  Practice "Active Listening". Say "no kidding", "um hmm", "go on", or by paraphrasing, which, by definition, is the act of restating or rewording what others say.  Say, "So what your saying is..." Or simply repeat the last thought the other person said. There is no better skill for effective listening then paraphrasing. If you've heard correctly, the other person will generally respond with an enthusiastic yes or nod. If you've heard it wrong, they'll know they need to clarify. Paraphrasing gives them the opportunity to restate what they said so accurate and meaningful communications take place.
  3. Listen with your body - Lean forward, put your hands on your chin, or listen with open arms. When your body conveys a listening posture, others become more comfortable and open. If appropriate, take notes. In a business meeting, it shows your interest and helps you stay focused. Nodding is also a key component of your listening posture. And smiling. Smiles are contagious and make others feel comfortable, and the more comfortable we are, the better we communicate. Establish and maintain eye contact. Not only is this reassuring to the other person, but it enables you to read their body language which can convey more than their words. As Yogi Berra said, "You can observe a lot by just watching."
  4. Button up!! - Don't interrupt. You hate it. So do others. It's rude. Unless you're seeing a fire erupt behind the person speaking, let them finish. Encourage them to fill out their thoughts by saying, "tell me more." When we interrupt, the other person loses their focus and we lose the opportunity to fully understand what they're trying to convey. Make a conscious effort to see how often you interrupt others over the course of a day. Hopefully, it won't be a rude awakening.
  5. Ask questions - In the words of Stephen Covey, "Seek first to understand, then be understood. This involves a very deep paradigm shift. We typically seek first to be understood. Most people do not listen with the intent to understand; they listen with the intent to reply. They are either speaking or preparing to speak."
  6. Talk less - A good philosophy is that conversations should not just be about you, but about we. As the Greek sage, Epictetus, observed: "Most of us were born with two ears and one mouth." That's a pretty good ratio between listening and talking.

really - listen up and listen better!!

The 10X The Inner Circle Club and Mastermind Group



“None of us is as smart as all of us” - A Japanese Proverb 

Join a safe, confidential and trusting “10X Inner Circle” of up to 10 Peer CEO’s, Executives or Business.

Owners from non-competing companies and organizations – free of any conflicts of interests and hidden agendas, with the objective of helping each other grow!

Your “10X Inner Circle” , is a powerful forum of up to 10 members, meeting once a  month,  where you discuss opportunities, challenges and issues relating to you business. It provides feedback and guidance on an intellectual and emotional level (food for the business soul) , tapping into the core source of true leadership .

As a member of the “10X Inner Circle Club” you are also invited to a 10X Network Breakfast, where you meet  the various Inner Circles Clubs members, to network and connect.

The Inner Circle is facilitated by an accredited “10X  Coach/Chairman”  who facilitate the group, and discusses a “leadership Insight”, enablinig you to “lift your leadership lid” and “grow as  a leader”.

The Goal – to have 10,000 members in 10 Countries within 5 years!

The difference between a Consultant , Coach and Mentor

I recently read a newsletter from Viki Forrest , Anzatech Technology Network, where she explains the difference between a Consultant, Coach and Mentor


Consultants push
Consultants bring specialty expertise that a company needs but doesn't have (enough of) within their own team. They are typically used to execute a well-defined project and deliver the results to the company. When a consultant leaves, the value they have delivered stays with the company but the expertise leaves.

Coaches pull

Coaches bring out the best in us at an individual level. They are typically used when we want to improve our ability in a specific skill or capability such as public speaking, leadership or fitness. When a coach leaves, the individual's level of expertise is changed - hopefully for the better.


Mentoring is a two-way street.
Mentors are role models, individuals who have done what we aspire to do. They've made the mistakes we are about to make, they have lived through the failures we are about to experience and they have succeeded in areas that we value and are striving to succeed in. We seek out mentors when we are looking for major breakthroughs, quantum changes in business and in life. The value exchange between a mentor and mentee is two-way, both are enriched by the experience - a mentor doesn't leave. Typically, a mentor and mentee maintain their professional connection long after the official working relationship ends. 


Saturday, July 21, 2012

10 Ways To Increase Your Leadership Lid






1. Give Credit & Take Blame:  Give credit where credit is due and take responsibility. Don't be afraid to ssay “My Bad” or “It’s My Fault!”

2.Embrace Your Team : There is no “I” in team and teamwork makes the dream work.

3. Take Risks.  Your risks can be calculated or not,  playing it safe does not cut the mustard!!

4. Challenge things that you think nneed change:  Don't be afraid to challenge. This can be the process of leading-up or leading-down.

5.Stay Calm:  When you are wrong - you have no right to be angry.... when you are right you have no need to be angry!!Remember the 3C’s in all situations – Cool, Calm & Collected. 

6. Empower Your Team:   Don’t be a micro-manager.

7. Get To Know Your Team Members On A Personal Level:  Know what’s going on in the lives of your team members outside of work.  Know their interests, their children’s interests… To know is to care.

8. Take Time To Develop Your Team Members Leadership Skills : Leadership development isn’t a system but rather an on-going act of moving people from where they are to where they need to be. If you want your overall leadership capacity to increase, you must increase the capacity of those around you.  Leadership development isn’t optional, it’s a necessity.

9. Surround Yourself With The Best:  Be willing to hire people that may be smarter, sharper, and  better leaders than you are. Empower those people to strengthen your team and compliment your leadership.

10. LISTEN: - same letters as SILENT!!

 What are some other ways to increase your leadership skills?

Thank you, Stephen Covey, for influencing so many people around the world

23 years ago, Stephen Covey’s “The 7 Habits of Highly Effective People,” had the business world raving.

 Do Generation X and Y know the name Stephen Covey?
Have new thought leaders and gurus learned and built on these Habits? 

I am sure the Internet have discussed these principals in many many ways, many many times.... 


Covey, 79, passed away yesterday, this week leaving a special legacy.

I looked in my bookshelf for the "7 Habits”

Habit No. 1:  Be proactive. Self-awareness enables us to stand apart and examine even the way we ‘see’ ourselves — Know yourself. It affects not only our attitude and behaviors, but also how we see other people. It becomes our map of the basic nature of mankind.”

 Habit No. 2  Begin with the end in mind. “This habit is based on the principle that all things are created twice. There’s a mental  creation, and a physical  creation to all things.”
Visualize what you want as if it already happened and the universe will begin to work wonders.

 Habit No. 3: Put first things first. This habit is about personal and time management.
Management, is  different from leadership. Leadership is primarily a high-powered, right brain activity. It’s more of an art; it’s based on a philosophy. You have to ask the ultimate questions of life when you’re dealing with personal leadership issues. But once you have dealt with those issues, once you have resolved them, you then have to manage yourself effectively to create a life congruent with your answers.

Habit No. 4:    Think win/win/win. This is a frame of mind and heart that constantly seeks mutual benefit in all human interactions. Win/win/win means agreements are mutually beneficial, mutually satisfying… Most people think in terms of dichotomies: strong or weak, hardball or softball win or lose. But that kind of thinking is fundamentally flawed.

 Habit No. 5: Seek first to understand, then to be understood. We have such a tendency to rush in, to fix things up with good advice. But we often fail to take time to diagnose, to really, deeply understand the problem first… LISTEN!!! This principle is the key to effective interpersonal communication.

Habit No. 6:   Synergize. -People involved involved in a project/deal will gain more insight, and that the excitement of that mutual learning and insight will create a momentum toward more and more insights, learning, and growth. Synergy is almost as if a group collectively agrees to subordinate old scripts and to write a new one for mutual benefit.... 1+1 = 10!!

Habit No. 7:  Sharpen the saw. -It’s renewing the four dimensions of your nature—physical, spiritual, mental, and social/emotional.- continuous self-improvement is key.

Commit, learn, and do.

 Thank you, Stephen Covey, for influencing so many people around the world

Thursday, July 19, 2012

The Foundations of a Successful business

Before going for growth, make sure your existing business is on solid ground - ie the foundations are strong.

I heard a great analogy the other day... It's pointless filling a car with petrol before the engine is working!

There are 4 pillars that need to be in place in order to form a solid foundation for a business to grow:-

1. have a positive mindset

Having a positive mindset is a key ingredient for your business to succeed.
Have an unconditional belief in its success. Understand why you are in the business and what the business is.

Be accountable and take ownership and responsibility! Do not blame others or go into denial. Do not focus on the negatives.

A negative attitude and a mindset of being a victim will create an environment of angst, negativity and failure .

A positive attitude and mindset will create a positive direction and destiny of the business .

2. cash flow

Make sure that more money comes in than goes out.
Growth =cash burn
Make sure you have adequate reserves, capital and debt facilities to find the growth.
Lack of cash results in anxiety, fear and bad decisions. Fix this as a matter of priority!!!!

It is important that you understand what makes up cash flow and how to improve it. You cannot grow a business without cash.

3. systems
Systems are key to leverage, scalability, business growth and wealth creation .

It enables you to work on the business instead of in the business.

A business cannot grow until you have fundamental systems in place. Systems will enable you to scale your capacity and make average people look great!

4. marketing and sales - growing your revenue

You can save money by cutting costs, but you can only cut costs to zero, and you do not have a business.

Revenue growth is infinite!

It is all about Leads, Proposals and Sales
Questions to ask....
  • How can You generate more inquiries or leads?
  • How can you increase the average dollar sale?
  • How can you increase the conversion rates from leads to proposals to sales?
  • How can you increase the frequency of transaction?
  • How can you increase the margin?
  • Do you know where you are at the moment?
  • Do you know your current conversion rates from Leads, proposals and sales?
  • Do you know where you should be focussing on?
Determine things that you can do to increase leads, proposal and sales ...

Test and measure, test and measure, test and measure

Eliminate anything that is not working and then systemise anything that is working as part of your sales and marketing system.

Multiple marketing strategies is key. Some will work and some won't .
Have many touch points for a client to buy. CBA says that if a client buys 3 or more services, you have him for a long time!

Some businesses market, have a flood of new business.,stop marketing - deliver, and then go from a flood to a drought. Does that sound like you?
It is important to have a business that is consistently marketing all of the time!

In summary , before going for growth, concentrate on building and fortifying your foundations.
Create a positive mindset,stop the cash burn , system use your business, build revenue growth .... And watch your business fly!!!!!

Inspiration from Tony Gattari and www.10x.com.au

Saturday, April 28, 2012

6 things to include in an Investor Presentation

OK, you have listened to Wayne from 10X Sydney and you have had an investor saying "tell me more" - and you want him to invest in your business.... these are the 6 things you need to articulate in a simple, clear presentation.... A powerpoint slide show works well.
  1. The problem and your solution.  What pain are you going to solve? Have you got the "pain killer". This is your hooks, and needs to be covered in the first paragraph. You have articulated this in your 30 Second Pitch.... State your value proposition, and what specifically you are offering to whom. Skip the acronyms, history of the company, and the disruptive technology behind your solution.
  2. Market size and growth opportunity. Is your Opportunity SCALABLE? Investors are looking for a large and growing market. Spend a few sentences providing the basic market segmentation, size, growth and dynamics – how many people or companies, how many dollars, how fast the growth, and what is driving the segment. Skip the comment that you are conservatively estimating your penetration at 1%.
  3. Your competitive advantage. What is your X FACTOR ... how do you make it 10X? Identify your sustainable competitive advantage, like unique benefits, cost savings, or industry ties. Don’t kill your credibility by saying you have no competition. At minimum, you compete with the way things get done currently. Most likely, the investor has already seen multiple plans with similar solutions.
  4. Business model. Who is your customer, what is the price, and how much does it cost you to build one? Do you now have real customers, are just starting development. Outline your sales and marketing strategy (direct marketing, sales channel, viral marketing, and lead generation (what is mobiffiliate?). Identify key quantities, such as customers, licenses, units, and margin.
  5. Your team. Remember that investors back people, more than ideas. Why is your team uniquely qualified to win, and what have they done before? Have you got the attributes of a good leader? Explain why the background of each team member fits, by naming roles and names of relevant companies. Include outside advisors if they have relevant experience.
  6. Financial projections and funding. You need to show your summary revenue and expense projections for three to five years. Investors need to know the amount of funding you are asking for now, and what they get. The request should generally be the minimum amount of cash you need to reach the next major milestone in your plan.The plan needs to be realistic, and you ned to know these numbers like the back of your hand.
Your first page and first paragraph (maybe a picture of your brand) is key. Less is more here, so include the grabber, show your passion and commitment.

Have a feedback form asking them to fill it in.... you are after a follow up meeting, where they are interested in doing due diligence..... That’s your metric to see if you have their attention. It is unlikely that you will have an investor invest after this session.

Tuesday, April 10, 2012

10 points to think about when presenting to a VC

Having raised more than $300 million in numerous financings, and listened and reveiwed in excess of 600 pitches, I have found that there are 3 things that will get a VC  to meet with you.
  • an idea
  • top people. passionate and ability to work together 
  • a big market for the product and service.
 In your presentation, make sure these each get a slide.

Your presentation goal is to get a second meeting - not to get the money at that meeting!!-  give them an overview on the investment opportunity and show how you will make money for them.


1. Do your homework:

ensure that the VC is interested in your space and is prepared to invest the money needed... Often VCs are only inteested in investing 10m + , it is a waste of time presenting a pitch asking for $1m.

2.Ten slides: limit the number of slides in your venture capital presentation to ten. - a normal human being cannot comprehend more than ten concepts in a meeting—and venture capitalists are very normal.
If you must use more than ten slides to explain your business, you probably don’t have a business.

The ten topics that a venture capitalist cares about are:

1.The problem you are solving and industry context

2.Your solution

3.Business model

4.Underlying magic/technology

5.Marketing and sales

6.Competition

7.Team

8.Projections and milestones

9.Status and timeline

10.Summary and call to action

3.Less is more on slide content: Each slide should contain one, clear point

 
4.Start with the big picture: Avoid being bogged down in details at the beginning of your venture capital presentation. Start with the industry trends and why your idea will fit well with the indsutry and where it is going.

5.KISS – Keep it simple —- no jargon or technical terminology that might not be clear to your entire audience

6.Use graphics: A picture is worth a thousand words. Graphics are especially important in conveying new ideas and concepts - make them clear and relevant


7.Readable font size: dont read your slides and make the font big...


8.20 Minutes – spare them the details: it is a venture capital presentation, not a white paper! In a perfect world, you give your pitch in twenty minutes, and you have forty minutes left for discussion.

9.Clear financial model – Have a clear financial model that shows how your business makes money

10.Use “bottom line” conclusions on your slides the venture capital presentation should focus on your bottom line only.




 Remember some of the ideas above using the 10/20/30 rule of a PowerPoint presentation. It’s simple to remember: a PowerPoint presentation should have ten slides, last no more than twenty minutes, and contain no font smaller than thirty points.


Thursday, February 23, 2012

The BSI Leadership and Network Breakfast 9 March 2012