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Business

Left brain or right brain? Innovation versus execution? Process or people? Strategic versus tactical? Many of these concepts are positioned as either/or behaviors or default types of people, teams and organizations. There are ample tools to help determine your dominant type or style. There are also dozens if not hundreds of books on each of these topics. Every one of them attempts to make the case for why their model or view of the world is the better mousetrap. Each one supported by research and case studies supporting their argument.

Given all the information that is out there, it should be pretty easy to determine how one needs to think and act in order to be successful, right? Not really. Is it that the difficulty in choosing correctly is relative to the situation? Partly.

The issue is that we tend to swing like a pendulum when it comes to analyzing and solving business issues. We go into “strategic planning mode” for a while, then dive into mastering new tools or technologies for a bit. Once we’ve done that we may launch an employee engagement program because it’s all about the people, right? And then we dive into six sigma or process improvement for a while and those programs yield some impressive results.

The soup du jour method of running a business isn’t really one that is viable or sustainable, although it may be fun for some.

In my work I’ve observed that the authors and thought leaders that have the ability to zoom in and zoom out are the ones that are making a difference and growing their respective businesses at a faster pace than those who aren’t. Business is dynamic. Choices that you make are usually not permanent and need to be reevaluated, tweaked and modified over time as circumstances change. The market changes, clients demands and needs change, technology changes, cultures morph and evolve.

You need to constantly revisit what you are doing and if it is still the best way to accomplish your objectives. What is challenging for many is that we all (as individuals, as teams and as organizations) have default tendencies. Some are visionary and future focused while others are more oriented towards execution and implementation. We prefer to stay in our comfort zones whatever they may be.

If you’re a zoom in type (tactical/execution/operational), try zooming out for a bit. If you’re a zoom out type (big picture, strategic thinker, future focused), spend some time drilling down on the tactics and processes. There is never just one right way to achieve a goal or objective and alternative view points, ideas and concepts are needed today more than ever.

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Being a successful author or thought leader is not easy. It’s incredibly rewarding on many levels yet it’s getting more and more difficult for many to be able to effectively monetize their content. The quaint old days of getting a nice advance from a publisher and then going out on the speaking circuit a few times a month to make a living are pretty much a distant memory for most. Running for Vice President or having served as Vice President seems to work pretty well but that’s another story. It’s changed a bit since Mark Twain’s time and it seems that most of the changes have occurred in the last five years or so.

What I find intriguing in my conversations with authors and thought leaders is that many don’t think enough about the landmines that have and will impact their practice or business. The publishing business (is that term an oxymoron?) is changing and in a state of flux. Boom! The speaking business is off over 50% and it doesn’t look to be coming back any time soon. Boom! Corporate training budgets are being cut. Boom! Consumers have far less discretionary income. Boom! Get the picture?

Now for every landmine there are an equal or greater number of opportunities – self publishing, social media, digital content, coaching, licensing, assessment tools, consulting engagements, etc. The reality is that it’s hard enough to stay on top of your game as a thought leader from a content perspective add to that the ability to master social media, community development, branding, marketing and so on, and the probability of success is reduced drastically.

My suggestion? Spend some time and come up with 5 “landmines” that are currently or will in the very near future affect you. Determine what percentage of your annual revenue is at risk for the next year, two years and three years. It’s a bit scary to make the assumptions and projections but it is also a motivator. Now you need to be open to ways to replace (and hopefully wind up with a net increase) to your annual revenue. Chances are you won’t be able to come up with all of the answers on your own so engage others in the process. Once you come up with a few options take the time to consider what it would take to execute any or all of them efficiently. Again, it’s unlikely that you’ll be able to execute many on your own so find trusted resources that can help you in the process.

The landmines are out there. The opportunities are out there as well. By coming to grips with the landmines you will actually force yourself to find opportunities.

 

 

 

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Leveraging Your Book and Platform Strategically – Part 3

September 26, 2011

Tweet One of the challenges you face when considering the ways to leverage your content is that there are now more modalities than ever before that people use to consume content. The days of just reading a book or an article to gain knowledge are over. You need to be able to understand who your [...]

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Leveraging Your Book and Platform Strategically – Part 2

September 22, 2011

Tweet Here are few more ideas to think about when contemplating how to best leverage your content and your book.  Obviously not every option is a viable one for everyone but the more you consider the more you will ultimately be able to use. 1. Create an Assessment Tool What will happen if people read [...]

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Leveraging Your Book and Platform Strategically

September 15, 2011

Tweet Everybody is doing it. With easy-to-use, off-the-shelf publishing software, even producing a good looking book isn’t that difficult. Books are being written and published at the highest rate in history. It’s selling books that is the problem. Many authors write a book and simply expect the sales of the book to propel them towards [...]

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Only Let Yourself Make New Mistakes

August 25, 2011

Tweet Making mistakes in pursuit of your goals is an unavoidable part of the process. Some folks are afraid to make any mistakes at all and the result is they don’t take enough chances, embrace risk and try new things, which ultimately limits their chances of being successful. That being said, I think that you need [...]

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Can You Clearly Articulate the Impact of Your Work?

May 4, 2011

Tweet I’m often confused when talking to authors and thought leaders when I ask them to tell me how their work impacts the lives and businesses of their clients.  Many times they’ll immediately dive into a thorough explanation of models, processes and the latest iteration of the work they do.  Other times I’ll get an update [...]

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Are You Losing Faith in Your Business, Mission or Passion?

March 21, 2011

Tweet Being a thought leader who creates content that has the potential to change people’s lives, enable organizations to operate more effectively or introduce a new way of thinking requires a lot of hard work and focus; especially when you (as the author or thought leader) know from experience and intuition that it works and [...]

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Do You Have Content or Do You Have the Potential to Build a Business?

February 23, 2011

Tweet In speaking with a wide variety of authors and thought leaders lately it occurred to me that while every author clearly has content, not every author has content that can evolve into a viable business. The reviews may be off the charts and the feedback may be incredible, but don’t allow that to cloud [...]

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Field of Dreams – Great Movie, Dumb Strategy

January 27, 2011

Tweet I loved the movie Field of Dreams. It was well written and told an inspiring story. But let’s face facts – it was a movie in the classic Hollywood style that was designed to make you feel good and deliver the message that “if you build it they will come” which tugged at your [...]

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