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Tuesday, November 25, 2008

Planning For Success In Tough Times

by Bill Doerr
Sales & Marketing Editor


Bill's section is brought to you by qAlias







15 Second Speed Read
With the recent failure of such ‘institutions’ as AIG, Lehman Brothers, Goldman Sachs and more recently such big banks as Washington Mutual and now even Citi Group teetering on the brink of financial disaster, I find it both fitting and comforting to know that not everyone in business these days is having to go through the same disruptive turmoil, pain and trouble.

In fact, clients of The Birch Group are doing quite nicely, thank you very much!

This article has an important lesson that can make your future brighter, too.
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Did no one see this coming?
Earlier this year, the economy was chugging happily along. There was no financial Nostradamus predicting the coming financial melt-down we’re currently experiencing.

For all intents and purposes, it’s fair to say the US government was not telling us (until fairly recently) that there were ‘really, really bad economic times’ just around the corner.

Was this economic situation we’re all now so painfully aware of something we could have seen? Or, should have seen coming? If so, why didn’t we take some sage advice from Nike and “Just DO it” . . . whatever ‘it’ would have been to forestall the inevitable and certainly undesirable situation that developed for the US economy?

Could we have been more pro-active about the economy? Would our situation have been different than it is now? Personally, I’d like to believe that, if we – US citizens and government alike – had truly understood the coming economic crisis we’re in the middle of, we would have done something sooner rather than later.

Of course, I’m an optimist and I’d like to think that the economic mess we’ve found ourselves in the middle of was not something we could have seen coming. But, if it was, would we have been able to do anything about it?

Many questions. Fewer answers. I cringe at even bringing up the Economy because it feeds the ‘doom and gloom’ mentality that actually prevents all of us from going through the ‘denial’ and ‘anger’ stages, embracing the inevitable ‘depression’ that follows and moving into the ‘acceptance’ of our situation which is the basis for our ‘re-commitment’ to take actions, which when exercised, will improve our national economy and personal situations.

Was it preventable?
At some level, I’m sure it was. Whether it was predictable and therefore preventable is open to discussion. Regardless, what the current economic situation re-minds us is that there IS a cause for every effect we experience whether that effect could be seen coming at us like a twister in Kansas or, not.

It’s about cause and effect – understand the one and you control the other
In physics, you learned that for every action there is an equal and opposite reaction. As a child, you learned that your actions do have consequences. Not necessarily bad (e.g. “stay in school, get a degree and you’ll probably make a decent living later on”) and not necessarily good, either (e.g. “drinking and driving do NOT mix well!”).

In business, there is also a ‘cause’ for every ‘effect’ we experience. Unfortunately, we don’t always understand the connection. Consequently, we’re likely to repeat the same effects over and over again until we do.

The good news is that most of us DO learn the causes behind the effects we create (e.g. when I put my hand on the hot stove it isn’t good!) and act accordingly in the future -- usually in a way that makes us better for the lessons we experienced earlier in life.

I don’t wish to dwell on the economy any longer than is necessary to make these points:
  1. Whatever situation you find yourself in, there are reasons or causes for it
  2. You may or may not have seen, understood or acted to prevent or avoid them
  3. Regardless, you will experience the consequences of whatever causes you allow to operate whether it is through ignorance or indolence
  4. Every consequence that has a cause can be avoided if you address the cause
If business success is the consequence, what’s the underlying cause?
OK, trick question. Like my friend’s daughter told her mother after being asked, “Why did the cops find you car at 3 AM and you weren’t in it?” . . . “Mom, it’s complicated”.

But I know one factor that will be increasingly cited as a reason for the success or failure of a business in this economy is the creation and use of a strategic plan to guide the management of a business to make decisions and take actions that foster success.

In your company or organization, having a plan . . . not just setting arbitrary goals without the benefit of a strategic planning process . . . is a contributing factor in the success that will become increasingly desirable yet difficult to achieve.

The Birch Group . . . Strategic Planning At Its Best
I recently had the pleasure of meeting with John Birch, president of The Birch Group on this very topic. John’s been in management as an officer of one of America’s largest insurance companies and, since 1997 has run a highly successful consulting practice that lists both local municipalities, the state of Connecticut as well as a significant number of small to mid-sized companies as clients.

John’s developed his own unique and highly effective approach for helping groups of people create and implement a strategic planning process that means business. Literally!

It’s deceptively simple. And amazingly potent. If you want a practical approach to making things happen in your company, consider the following elements John uses:

Mission
The first thing you want to do is to become crystal clear about why your organization exists – as the people it serves would describe it to one another. Clarifying your mission is the basis for creating coherency between the decisions you make and the actions you take to fulfill the mission of your business or organization.

Critical Success Factors
Once you know why your business exists, you can identify factors that are essential to fulfilling your mission. These vary with each business, but involve a number of internal and external elements that, if not present or effective, will compromise your mission.

Environmental Scan
After you define why you exist and what is required to fulfill that mission, you look at what is (or, is not) happening both in as well as outside of your business that may limit your ability to utilize your critical success factors as you must to achieve your mission.

Develop Major Strategies
Your mission suggests what these will be. It may be developing your distribution channel, your products and services, your people, etc. Basically, these are anything that can make or break your mission.

Identify Gaps
Once you know what ‘should’ be happening, use your environmental scan to identify discrepancies against what ‘is’ happening. These gaps are the basis for the next step.

Set Objectives
This is a key step in John’s process. Unlike setting goals without a context, these objectives define a position that, once accomplished, means a performance gap in salient areas of your business will be reduced significantly or eliminated completely.

Develop Action Plans
If your mission and key objectives are strategic, your action plans are supremely tactical. They form the basis of activities that drive your business toward the progressive realization of your mission. As simple as who does what and when these basic plans
are the glue that causes mundane activities to help you realize a magnificent mission.

Monitor Performance
On this last point, John said something most interesting, “Making a plan invites failure”. “Huh” I said. I asked him to explain. “Simple. Your plan is a point of reference to compare what you expect to happen against what actually does happen. The moment you create a plan, you have something to compare your reality-of-the-moment against. Thus, you also have the basis for a discrepancy” I had to agree with his logic. “Well, if you have no plan . . . no here’s-what-I-expect-or-want-to-happen . . . you have no basis for comparison. You also have no basis for a discrepancy or ‘failure’, do you?” Again, I had to agree. “But remember, while having a plan makes it possible to ‘fail’ to do what you expected, it is also the mechanism by which you eventually ‘succeed’ at doing what you planned to do in the first place – i.e. fulfill your mission”. I asked him for an example. “Bill, you’re a pilot (private with an instrument rating) right? So you know that when you’re landing, you start your ‘final approach’ at a certain altitude and distance away from the runway where you ‘plan’ to land, right?” True enough. “But once you begin the approach, you may go over a newly plowed field which heats up and causes the air above it to rise and you have to either reduce your power or adjust your attitude (of the plane, not the pilot!) or you might overshoot your landing point, right? Or, you may go over a river that cools the air above it and makes you sink below your planned approach and you need to add power or you may not make the runway at all, right?” At this point, I began to appreciate what John was saying about monitoring performance of a plan once it’s underway. Without an intention . . . without a mission and the goals that are the ‘stepping stones’ to reaching it, you have no way to answer the question, “How am I doing?”. But, once you do, you also have a basis for comparing your actual performance against your planned performance. Then, if you’re not where you want to be when you want to be there . . . enroute to achieving your overall mission . . . you can be a failure . . . but only temporarily . . . as you’re enroute to being successful”. Makes sense to me.

John added, “Failing to succeed isn’t a bad thing . . . it’s expected! The only time you should be concerned about a ‘failure’ if when you don’t complete your plan and achieve the mission you set out to achieve in the first place.”

A business is a dynamic, evolving entity. At any moment, like a snapshot, it may not be quite as you like (or, planned!). But that’s a snapshot in time. Success in life and business is more of a movie that changes over time than a snapshot that’s frozen in one place forever.

Epilogue:
After I left John I found myself feeling exceptionally positive. He reminded me that doing things by design (i.e. planning to do something) rather than accident (hoping it happens and not much else) invariably turns out better than when I don’t that.

Today’s economy can rock your world. As John reminded me, “Tough times are like stones in your path . . . they’ll either grind you down or polish you up. The outcome you get reflects the decisions you make and the actions you take.”

As the economy challenges you to make smarter choices and take decisive actions to market your business, remember that these are times when 'good enough' won't be! And the more you PLAN to make your success happen, the more likely it is to turn out as you . . . well, planned. Hey, now THAT . . . sounds like a good plan to me!

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John Birch believes organizations are living entities. They grow, thrive or whither on the vine reflecting their management's ability to plan and develop a highly skilled and motivated workforce to meet the competitive and financial pressures of today's global economy and changing workforce demographics. To learn more about John and his unique planning process, visit: www.thebirchgroup.com
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Bill Doerr, CCO of SellMore Marketing, LLC is the creator of The Preferral Prospecting System™,
 The Expert Directory™, The Client Machine™ and The Ultimate Client Development System™. He is an Authorized Duct Tape Marketing Coach and a licensed facilitator of the Get Clients NOW! program. Bill uses these resources to 
help service providers generate more awareness in their marketing area, interest in their services, and revenues in their bank. You can reach Bill by phone at: 860-798-6964, online: www.sellmoremarketing.com by email: billd@sellmoremarketing.com or through the TNNW Blog: http://thenationalnetworker.blogspot.com

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Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to www.TheNationalNetworker.com. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com.

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2008 - The Dawn of a New Age of Networking?

By Andy Lopata


UK Bureau Chief


Has this been the year networking has grown up in the UK? There certainly seem to have been more changes in the last 12 months than any comparable period in the last decade.

Before 2000, very few businesses were aware of networking as a formal way of developing a business. A few Chambers of Commerce ran popular events; meanwhile, Business Network International (BNI) and Business Referral Exchange (BRX) were in their infancy in this country, encouraging people of the virtues of getting out of bed for 7am to do business. Beyond that and a few independent groups, networking had a very low profile.

The landscape has now changed dramatically. Almost every Chamber of Commerce will provide opportunities through breakfast meetings, networking lunches and early evening cocktails. Breakfast meetings come in all shapes and sizes to satisfy different appetites, with a vast array of groups meeting weekly, fortnightly and monthly. You pay your money, you take your choice!

4Networking offer a ‘passport membership’ allowing their members to pick and choose local groups and go to five meetings a week if they choose to. Meanwhile, there is a wide menu of lunch groups and evening networks to go if the other options are not to your taste.

The online revolution has been even more dramatic. While networking groups have been around for years, if not widespread, a decade ago online networks were almost non-existent. Ecademy celebrated its tenth birthday earlier this year, Xing came along even later and in Facebook didn’t see the light of day until just four years ago. Now there are countless social and online business networks, with more and more being created daily thanks to platforms such as Ning, which allow individuals to create their own social network with the minimum of fuss.

So, there are a lot more opportunities to network and a greater range of choice as to how to do so. How has this affected people’s behaviour when they do network?

Mindy Gibbins-Klein, a former Area Director for BNI in East London, believes that the growth of online networks has led to a drop off in the amount of structured face to face networking.

“I have seen many business people think twice about attending "expensive" face-to-face networking meetings lately”, said Mindy. “I've been getting a lot more emails and networking messages from people I've not been in touch with for a long time, which leads me to believe they are spending more time networking at their desks and less time out and about.

“I've also noticed that the networks that seem to be gaining ground are less strict about attendance and giving referrals, more open in terms of allowing people to attend different meetings.”

It has been apparent that a common theme among the recent ‘competitors’ to the weekly breakfast meetings has been the removal of the emphasis on a weekly commitment. Starting with BoBs (Business over Breakfast) Clubs a few years ago, who offered their groups the choice of meeting weekly or fortnightly, more groups have chosen a less frequent meeting pattern. One of the major reasons people have chosen not to join BNI or BRX in the past has been the weekly commitment, but does this change the focus of the network?

“We don’t call ourselves a referral network”, says 4Networking Managing Director Brad Burton. “In fact, we have a relationship with BNI and many of our members belong to both organisations.

“We found that our members don’t want to be tied to a set time and place every week, indeed many simply can’t commit on that scale. So we allow people to network at frequencies to suit them, some will come once or twice a month but many actually go to more than one meeting a week. It just may not always be the same meeting.”

The cost and commitment of the traditional referral networks has put off a number of people who are new to networking, and those who have been members in the past. The new networks offer an alternative and encourage people to network who might not do so otherwise, but it is important that people understand the difference.

The new types of network are far more focused on sales than referrals. Brad Burton calls 4Networking’s approach ‘Appointment Networking’, with members and guests spending ten minutes with each of three different people during the course of a meeting, while The Business Club (fortnightly in the evenings) make a strong pitch on selling to other members and guests at their launch events.

With new networks focusing much more on immediate response, where are the opportunities to build deep relationships? There has been a clear growth in the numbers of leadership and mastermind groups available, with a number of competitors to Vistage and ACE emerging in the CEO group market, and people becoming more aware of Mastermind groups. Formal leadership and mastermind groups are still, on the whole, a more costly option, although their members would argue the value provided is much higher than less focused networks.

With mastermind groups fairly simple for individuals to put together and more networks incorporating Masterminding techniques in their meeting formats, I think that we will see a growth in small groups focused around business challenges in the next couple of years and less focus on the need for large numbers in face to face networking meetings. The focus on strong relationships and trust will, by their very nature, lie at the core of these groups.

In the meantime, more people are turning to online networks to meet new people. Ecademy have seen a 142% increase in traffic on last year and LinkedIn is becoming a recognised business tool across the UK, and not just among small business. The interesting change in behaviour is on Facebook as an increasing number of people are comfortable using the network to promote their business and events rather than simply to communicate with friends.

Business Matters, the leading magazine for small businesses in the UK, have set up their own Facebook group. Editor Richard Alvin believes that the medium allows him to show the ‘personal’ side of the magazine to its readers, as well as increasing their exposure to a wider audience.

Richard explained, “Facebook has a far more friendly 'personal brand' and graphical approach compared to Linked in and even Ecademy. The style of communication is different, with normal language used, rather than ‘business speak’. I feel that this gives us a closer bond with both our readers and other Facebook members. We feel as though we know each other personally, and that makes a huge difference.

The advent of online networks has had other benefits for Business Matters. “We are more online focused now,” he said, “I can network nationally from my office, rather than just London wide.

“As we are a national publication that is essential, and there are obvious cost efficiencies we can take advantage of by networking online. Additionally, building a relationship online first can make a lot of difference when you have a meeting with someone elsewhere in the UK.”

Despite the growth of online networks, relationships still need to take place offline. People are starting to understand this and there have been signs that activity is being increasingly split between virtual connections and real-time relationship building.

Many of the people I have spoken to and network with talk about the vital role 1-2-1s play, even in their online networks. Many online business networks have had meetings as part of their offering for some time. Now, however, those who don’t still find their members arranging their own events, with LinkedIn user groups a good example of this.

Some online networks, such as Angels Den, have recognised the importance of this by focusing even more on offline events. Angels Den found that their results improved when they introduced Speed Funding for members.

Bill Morrow, the owner of Angels Den, said, “Online is groovy for making connections, finding out who walks the walk ... but nothing can surpass meeting face-to-face for serious meetings.”

“Our online community works well at finding investors, but only one deal in over 100 has been done purely online”

With people in the UK joining local networks and global ones such as Perfect Networker and Fast Pitch, Twittering with each other and Poking on Facebook, a saturation point is fast approaching. Most of the connection requests I receive on the multiple networks that come across my computer are from the same people. There has to be a point where you question the purpose of connecting with the same person in a different place. Particularly when that new connection point offers nothing new.

In the meantime, new contacts increasingly come from further and further afield and many seem only interested in either notching another connection on their social networking bedpost or sending a lot of spam once the connection has been made.

We are already seeing signs of people being turned away from social networks by these issues. Many business people don’t want to trade globally and are purely focused on building their profile and their networks locally. As the novelty wears off, I believe the behaviour of many networkers will change and they will focus on networks closer to home.

Some of those will be online, others face to face. Some face to face networks have recognised this and many now offer social networking software as part of their membership package. People recognise the benefits online networks offer them as they look for tools to initiate new relationships and stay in touch with people they have met. They recognise, however, that they don’t provide all of the answers on their own.

There have been a lot of changes in the way people network in the UK over the last twelve months. The profile of networking has grown, more businesses of all sizes recognise its importance and the variety of alternatives on offer is greater than ever before.

Businesses are just starting to make sense of the opportunities available to them and how they fit into their business. 2009 is going to be an interesting year, particularly with a recession in full flow.

Networking is more important than ever before, and it’s just starting to reach maturity.


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Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to http://www.thenationalnetworker.com/. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com/.

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Using Wordpress to Network Your Website

Networking Your Website with Rita Wilhelm

So you’ve decided to start a blog! Congratulations! Now, you’ve got to make a decision as to which blogging platform you want to use. There are many different software options available. One of my personal favorites is Wordpress.

Wordpress is free, and it is offered in two very different ways. One option is the version that Wordpress will host for you at Wordpress.com . The other option is open source software that you install on your own server. Community support for this can be found at Wordpress.org .

If you are a person who just wants a free blog, who is okay with limited design choices, and who would prefer not to do a lot of customization, then Wordpress.com is probably your best option. You don’t have to worry about backups, and you don’t have to worry about security or upgrading your software. Just know that your capabilities are limited. There are however upgrade options available to you for a small fee. To get started, simply go to Wordpress.com, start an account and start blogging.

If on the other hand, you are a person who really wants to have more design choices, and if you want to customize your blog to your desired look, feel and functionality, then Wordpress.org is the way to go.

Wordpress.org offers an entire community to you of developers. These developers create Wordpress plugins that you can easily download and upload to your blog. Plugins (also called Modules or Components) offer additional functionality to your blog that does not come with the standard installation. Here is a link to many of the plugins and themes available to you: http://wordpress.org/extend/ .

Many hosting accounts already have an installed version of Wordpress available. I’ll use Total Choice Hosting as an example. They have a cheap hosting package at just $4/month. If you get that hosting package, you will already have Wordpress installed. You will just need to activate it. In your control panel, you’ll see an area called Fantastico. From Fantastico, you can simply activate Wordpress.

Here’s a video that shows you how to activate Wordpress on C-Panel using Fantastico:

Once your software is downloaded, you can start using your Wordpress. Here are some great tutorials to guide you through the process:

What is WordPress - Overview
How to login to WP Dashboard
How to write a Post
How to write a Page
How to edit Posts/Pages
How Widgets work
How to moderate Comments
WordPress Settings Overview
How to Upgrade WordPress Using the Automatic Plugin [Download plugin here]
How to Add new Users
How to Change/Activate Themes


Rita Wilhelm is founder and president of SnapMonkey Inc, which is a company that provides both online marketing consulting to businesses, as well as easy-to-use web-based technologies to help businesses effectively promote themselves on the web.
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Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to www.TheNationalNetworker.com. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com.
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Reflections on the Rocky Mountain Angel Capital Summit

By Chris Kauza Technology Editor

First held over 20 years ago, the Angel Capital Summit has been attracting some of the most innovative entrepreneurial talent between Chicago and San Francisco. And this year was no exception! And with more than 650 people in attendances, the Summit offered two very well received keynote address by Denver Mayor John Hickenlooper (himself a successful businessman) and Anita Burke, a former Shell Oil Executive and head of the Catalyst Institute. The conference provided qualified investors and companies to meet one another, in a relaxed and professional manner. And if this conference was any indication, the Technology Industry is showing signs of strong growth along the Front Range of the Rocky Mountains!

More than 120 business plan reviewers narrowed the 200+ candidate companies down to a final list of 43 presenting companies. While no specific industry was targeted in the conference, many of the companies I spoke with were related to Technology and Healthy Living were well represented. Interestingly enough, all of the companies had a variation on a common theme – Community. There were technology companies that helped create community as a core part of their business plans (Varvee, Xpressplay, etc.). There were companies that promoted lifestyle elements of a community, such as healthy living and there were even companies that targeted the needs of very specific communities, like deep water drilling. While the economic downturn was an obvious undercurrent to the proceedings (one presenter remarking that, "For an entrepreneur, it's always a Recession."), it was overwhelmed by a grounded optimism, characteristic of most entrepreneurs.

In a bold Marketing move, the Angel Capital Summit augmented their press coverage with 8 people reporting on the event using blogs and Twitters. It was the largest trending topic on Twitter that day, and also received very high Google search rankings – the “new media” pool made an impact! You can search on the conference proceedings by going onto Twitter or Twitter Search and doing a search on “#ACS08”. There you will see all of the Tweets of the conference attendees; scroll to the bottom of the page to go "earlier" in the conference. Many of the Tweets contain links to the company and presenters, for more information. If you want to follow any of the people posting the Tweets, simply click on the user name and "Follow". This was a great example of how Social Media tools can go from being an idle curiosity to force the promotion and awareness.

The point of the conference was to connect with like-minded individuals who could help each other, and that certainly happened. But how are attendees intending to connect and stay in touch after the big presentation? It turns out that most are using pretty standard channels – email and phone call follow ups. If there is determined to be a more substantive match, then generally a follow up face-to-face meeting ensues. To support this, conference organizers are leveraging Social Networking tools. They have created a private group on LinkedIn (by far, the platform that most attendees are on) where inventors and companies can meet with one another and develop more substantive relationships.

While I am not aware of any specific deals that were consummated at the conference, there were many interested investors. And while most of the companies did an excellent job of presenting their case, the one weakness I tended to see was when they tried to explain why they were better than their competition or a well-established / funded incumbent. And if there's one weakness I see in most business owners, it's “believing their own press” and under-estimating their competition.

Bottom line: it sounds like a worn-out phrase but people and relationships really are the backbone of your business success. Whether employees, investors, customers – you need to find ways to reach out and connect with people you are interested in and who may be interested in you. The Angel Capital Summit was a great example of how to blend traditional and new networking techniques to do just that!

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Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to www.TheNationalNetworker.com. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com.
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DreamRichly is the Entrepreneur’s Megastore of the Social Networking World!

By Kathleen Ronald

Southwest Bureau Chief

(Utah, Arizona, Nevada, California)


I’m sure you all know all about Costco- the super-efficient megastore that gives its members huge discounts as they buy large quantities of an array of products. Well, Costco’s model has moved to the social networking world!

A brilliant model indeed; meet Mr. Chuck Pereira of DreamRichly, the brains behind the “Costco of social networking” for entrepreneurs!

As many aspiring entrepreneurs do, Chuck realized early on that a dream is as only as good as your ability to bring it to life. As a young and inexperienced businessman, he found that he did not have the expertise in all the required lanes that occupy the entrepreneur’s highway. If you are an entrepreneur you know this highway has many lanes, including: the business plan, marketing, funding, sales, employees, HR, accounting, support and more. Chuck’s vision at DreamRichly, combined with all the necessary support he has in place within this social community, will allow you to see your dreams come to fruition!

DreamRichly was born from Chuck’s desire to help other business folks avoid all the “dangers” of the highway, and as a “natural connector” to bring all of his resources in both the areas of personal growth and business development into one place. His goal for his social networking site www.dreamrichly.net is to educate, motivate, inspire and entertain his community so that they have all their business needs meet at a single point of contact.

They even support their members with an 800 number, so that you can talk to a live person for support at any time if you have questions. That asset alone sets them apart from many other sites.

Chuck says, “My goal is to say YES to every member’s request!” He has worked very hard to ensure he can say yes to every need of his vast community. If you have a business need, his organization can meet it-not only with the highest quality of service, but at the best price. Therein lies his take on the Costco model for business entrepreneurs. He guarantees that the product and services that are offered at DreamRichly will be 5-30% lower than prices you would find for similar services.

The DreamRichly Club offers, aside from its vast connections and resources, many specified groups for common interests and needs. Such groups include: Marriage, Family and Personal Enrichment, Free Business Advertising, Understanding Marketing Management, Global Real Estate Investor Exchange; and DreamRichly for women, men, singles, the physically impaired, young adults; as well as regional groups based in Texas, Georgia, Illinois and Southern California. Right now there are 45 groups and counting. In fact, if that’s not enough, you can create new groups- submit your ideas to Chuck, and he can make them happen!

As you can see, there are many of the great models of social networking under one umbrella.

Their membership is free! Additional benefits include:

Daily emails of great business tips from a variety of experts

Your own business concierges, who will support your every need to ensure that you get the right resources for your needs

A social community to expand your business relationships

A 2-day, in-person training in Atlanta (DreamRichly in 90 days)

A bank of free affiliates

A huge offering of products and services

As an entrepreneur, I appreciate that there is a one-stop-shop that I can go to for all my business needs! As Chuck says, “If you have business need, we can fill it, at the highest quality and the best price!”


If you are in business, or are looking to get into business, you will want to check out DreamRichly at www.dreamrichly.net, give the business support center a call at 877-204-8664 or send Chuck Pereira an email at dreamrichly@earnware.net

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Posted to THE NATIONAL NETWORKER. To subscribe for your free newsletter, go to
www.TheNationalNetworker.com. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com.
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Monday, November 24, 2008

The Rapid Growth of Manhattan BNI

By Bruce Newman
U.S. Mid-Atlantic Bureau Chief
(New York, New Jersey, Pennsylvania, Delaware, Maryland, Washington, DC, Virginia, West Virginia)

I recently caught up with Todd Hallinger, executive director of the Manhattan BNI. What caught my attention and made our conversation so noteworthy is the rapid growth of Manhattan BNI chapters from none in 1996 to 49 chapters with close to 1,000 members at present.

How long have you been involved with BNI?

I started as a member in 1993 and became an assistant director in the beginning of 1994 when I started helping J Lance Mead, the Westchester executive director. In 1996, my partner, Michael Brathwaite, and I purchased the Manhattan territory and started its development. Currently, we have 49 chapters with close to 1,000 members. Within three years, we expect to have 75 active Manhattan chapters.

I heard that BNI did not originally believe that BNI groups would succeed in New York City. Why did you disagree with that assessment?

BNI has still not caught on in most cities mainly because of its cost and reliance on commuters. Requiring commuters to attend and participate in early morning meetings every week has proven to be a challenge. One of the reasons why we have been successful is because we have such a large and diverse population within a small geographic region. It’s important to realize that our 49 chapters are within a 1.5 mile radius of each other and tap a population of over 6 million. This year we opened the first Harlem chapter as well.

There are very few chapters in inner cities relative to suburbia. In the 90’s, technology helped fuel BNI's rapid growth to the 39 countries, 110,000 members and 5.5 million referrals that generated $2.2 billion in new business last year. There are currently 211 chapters and 4,100 members in New York State, alone.

The rapid growth of BNI was also helped by the publication (and adherence to) a series of networking books by Dr. Ivan Misner, BNI’s founder.

In part, as a result of our model, chapters in other cities are beginning to duplicate our success. For example, Philadelphia has shown dramatic growth and now has 15 chapters.

Why have you been able to grow so quickly?

Foremost, we’ve hired very good people. Our two executive directors and 13 assistant directors are responsible for visiting each chapter every 6-8 weeks and supporting them as best we can. We try to coach networking and long term relationship building. We have also utilized technology to develop a website that has dramatically improved how we run our organization and its exposure. Our website lists all Manhattan BNI chapters and members and provides information on each of them. We also regularly access the data on the website and encourage each chapter to create its own independent website.

What training do you provide?

Each chapter has three leadership positions: the president, the vice president and the treasurer/secretary. These chapter leaders receive training twice a year and have their dues waived while serving. We also have a member success program [MSP] run by assistant directors for new members. This includes a crash course on how BNI can help them grow their business by providing tools for productive networking, information on Manhattan BNI and how to use our website.

There are many other networking organizations available. What makes you different?

The two biggest things that separate us from our competition are our agenda and that we require a weekly networking meeting. This is the hallmark of BNI. The only way to gain trust is to attend the weekly meeting. All members must adhere to our strict but fair attendance policy or they are asked to leave.

Most of our competition doesn’t require that people attend their meetings – just that they pay their dues. As a result, a group that boasts 25 members may only have 12 people that regularly attend. Sometimes, they start strongly but people don’t get much business so they drop out.

We’re also at the low end of the fee scale. We charge $430 for the first year and $330 for each successive year. Breakfast is an additional expense - usually around $800 - $1000 depending on the chapter and the location. We don’t have corporate memberships. We encourage most people to pay individually since they are more apt to participate if they have to pay for their own membership.

What is the general composition of each group?

Most of our groups are comprised of small business owners and sole proprietors. We have several large companies – most notably, banks, brokerages, insurance and mortgage companies, but they are usually comprised of sales people and account executives, not senior staff.

We have a niche. We’re not the top end of the networking rung. Instead, we have sole proprietors, partnerships and small businesses and that’s who we cater to. It doesn’t mean our members don’t know or interact with executives, just that they are not typically our members or our target market. Since our members know these contacts, we encourage their inclusion as a referral over time.

Each week we try to train a sales force - not to make a sale but to talk about what they do; that’s the goal of our set agenda in which everyone plays an active role. BNI employs a long term strategy whose effectiveness gradually increases over the first 8 to 18 months. This is the period of time that people need to gain trust. Essentially, it is a function of trust over time, repetition and a constant presence. We call this the confidence curve.

Our average number of members per chapter is 21. We have 30-40 members who have been with us for over 10 years. 33% of our members have been with us for over five years. Our most productive chapter [Ch. 12] generated $1.3 million in referrals in 2007 and approximately $1.8 million in confirmed, closed business in 2008.

How do you differ from other BNI chapters?

Because we have 49 chapters within 1.5 mi. radius, we do have issues with people chapter shopping. This dramatically differs from most BNI regions that usually have only one chapter in a town. We also average 5 guests per chapter a week because of our large population.

We encourage dress codes and push the chapters to hold meetings at more upscale locations – not diners – such as nice restaurants, conference rooms, banquet halls, etc. to encourage professionalism and attract more upscale members. (Manhattan is a whole different world).

The bigger the rolodex, the more success you will have in BNI. We prefer successful professionals with a large database of contacts interested in sharing referrals to the person who is just starting out and more interested in acquiring leads.

What industries fueled your growth?

We look at four broad groups – health care, real estate, events and finance. Legal is also strong. Real estate and finance have been particularly strong in New York. We currently have a waiting list for realtors, mortgage brokers, financial advisors and insurance agents.

How do the chapters promote themselves?

Besides their website, they also get a listing on our website. We have also advertised on Craigslist.org and Crain's for Business. Word of mouth has been our most important method of promotion. It’s very effective and mutually beneficial to bring in people with whom you have a business relationship.

We encourage members to visit and substitute at other chapters. This can help different groups learn about various successful methods and strategies.

Do you have any final thoughts on BNI or networking in general?

Based on my experience I would have to simply say that “givers gain”. Our agenda and BNI's networking books are the major components that have made BNI and Manhattan BNI the world's largest network organizations. BNI has also been helped by a perceptible shift in the acceptance of network marketing as a viable tool for business growth. Whatever networking vehicle you use, the most effective one is one in which you generate trust by learning about what other people do, what they care about, and how you can help them.

Bruce Newman is a consulting guru and the Vice President at The Productivity Institute, LLC (http://www.prodinst.com/) which provides prodinst by matching the specific consulting needs - for products and services - of any company to rated outstanding consultants with the specific knowledge and expertise to meet those needs. Any company that wishes to improve their productivity can sign up for this free service and be contacted by up to five rated outstanding consultants. Also available is an informative blog and free newsletter. ________________________________________________________

Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to www.TheNationalNetworker.com. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com.
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Holistic Approach to Industry-Specific Networking Group in Illinois

By Matt Anderson
U.S. Great Lakes Bureau Chief
(Ohio, Kentucky, Michigan, Indiana, Illinois, Wisconsin, Minnesota)

I love talking to people who see a need and create their own networking group. Debbie Dudek in the Chicagoland area is such a person. In February 2007 she started WIN, the Women’s Insurance Network.

For those of you not in this industry, keep reading because the methods she has applied could easily work with another profession.

95% of my work is with the insurance and financial service industry and it has long perplexed me how few women there are whenever I present at conferences or work in company offices. As a former manager and trainer with American Family, Dudek knew this all too well and decided to take action.

“It’s a male-dominated industry and women cannot do business the same way men can.” She gave me examples of marketing strategies to contractors and the auto industry that had worked well for male insurance agents in her company that flopped when female agents used the same strategy.

Dudek saw the value in starting a local networking group in Illinois that meets the needs of women in financial services and creating a model that can work in Any Town, USA. Interesting features to this group include:

1. It is a sub-group of a national professional association: the National Association of Insurance and Financial Professionals (NAIFA). Professional development is an integral part of the structure from strategic business planning to how to run a business.

Is there a demographic in your professional association that could use extra support? NAIFA also has a Young Advisors Team to support newer advisors in an industry that has a low retention rate.

2. It proactively invites synergistically-related professionals to get involved. CPAs, business bankers, and attorneys are also members. In other words: great referral partnership opportunities! “I get referrals frequently from other people,” Dudek shared. Could your professional association do a better job of inviting industry-related professionals? It beats joining the local chamber and is often overlooked. What organization doesn’t want more members?

3. Its personal development component. The monthly topics have included goal setting, how to say no, how to deal with stress, time management and dressing for success. These are almost unheard of topics for a traditional NAIFA event. “Many women in the industry are single moms who are struggling with many different things.


As someone who coaches advisors in this industry, I have to say that I find the above topics are also challenges for males (with the exception of saying no). Maybe our society has different expectations of men and women; I can see this model for meetings taking a pioneering role in the association and moving it and its male-dominated companies into the 21st (or do I mean 20th!) century.

What I love about this is that it raises an interesting issue: Should your professional organization try to help the whole person? WIN’s mission is: Empowering women professionals to be successful in servicing the financial services industry. Plus, from a referral standpoint, a strong center of influence has to be someone that you like. Personal development topics open those doors much wider.

Is it acknowledging a new trend that most people want a one-stop shop for a professional organization because we don’t have the time or desire to commit to multiple groups?

4. Its vision. Not only is it a resource organization for women in financial services but it has developed a turn-key system so women around the country can do the same thing without feeling like they’re adding an overwhelming commitment to an already crazy-busy life.

5. WIN’s holistic approach. It is designed to deliver all the success tools: “It’s something to help women feel comfortable in the industry” not just personally and professionally but providing the support, motivation and inspiration with a distinct female perspective.

6. All presentations must be interactive, not lectures.

The one thing that is not turn-key is each group does need one or more people on a local level to promote it actively at other networking events and within NAIFA so that other professionals know about it.

But between the personal, professional and referral benefits, WIN meets an infinitely wider variety of needs than its traditional counterpart. Is your professional organization growing and adapting?

______________________________________________________

Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to http://www.thenationalnetworker.com/. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com/.

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Sunday, November 23, 2008

Obama and the Art Of the Quiet Consensus

By Douglas Castle
Political Editor


President-elect Barack Obama is inheriting some tremendous problems from his predecessor administration, some of which include a ravaged, volatile, but macroscopically slumping economy (built upon a foundation of excessive leverage, fiscal gambling, dis-saving, and systemic and encouraged inefficiencies), and a severely diminished view of the United States in the eyes of the G-8 nations and all of our sovereign counterparts, many of whom we have routinely bullied or ignored during the past eight years.

Mr. Obama appears to be a reasonably intelligent and thoughtful man, who carries the torch of leadership but understands the need for the special quiet brands of networking skill which require pre-emptive salesmanship and reaching quiet consensus prior to coming out with policies or political pronouncements. An integral part of networking requires that we be cognizant of the egos, opinions, vested interests and positions of others -- if we simply choose the traditional one-sided approach of preaching and selling, we will fail to develop vitally-important relationships through our networking efforts. A quiet consensus is a means of 1) obtaining market-research intelligence, and 2) personalizing and strengthening our relationships.

In selecting his cabinet members and executive-level appointees, Mr. Obama is not taking the risk of alienating the many Washington "regulars" whose cooperation and support he will need in order to accomplish positive things during the term of his presidency. He and his representatives are going to many key network contacts (each of whom is a part of the Washington governance machinery, and each of them who is an individual) and doing some psychological networking magic:


  • He is asking for their opinions on important issues, and giving them credit and gratitude for their responses;

  • He is giving them "ownership" in endorsing any personnel decisions;

  • He is giving them the gift of inclusion;

  • He is setting a precedent of asking what others think, and in taking their opinions and comments into consideration (very much the opposite of what George W. Bush had done while waving a U.S. flag as he drove a bulldozer over any opposition "noise");

  • He is converting contacts into bilateral, functional relationships, by humanizing and humbling himself in front of these largely egocentric characters who line the Washington, D.C. Landscape.

I suspect that he is becoming increasingly popular with a great many people who were his party-bound political opponents or doubters previously. I also suspect that he has a subscription to THE NATIONAL NETWORKER -- if not, he is looking over a constituent's shoulder who happens to have a free subscription. After all, every intelligent political or business aspirant should have a subscription.

Mr. Obama networked his way into the presidency...and now he is converting strangers into friends. He is converting liabilities and inert parties into assets through personal alchemy. Many had underestimated this proponent of change. I was one of them.

Let's watch Mr. Obama and see what we can learn, politics notwithstanding.

Faithfully,

Douglas Castle
________________________________________________________
Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to http://www.thenationalnetworker.com/. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com/.


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Colleagues Voice Their Concerns About Teams

Teamwork - Creating Teams that Work with Douglas Castle

Dear Readers:


I posed an open question to the LinkedIn community regarding the notion of the Team being the most powerful operating subunit in the coming economy, and received 18 responses, out of a reader population of in excess of 100,000 Linked In members (without correction for double-counting of certain members of multiple groups). Of those responses, 17 were either positive or of the "well....it depends" variety. The two which follow are interesting in that they articulate specific concerns and questions about the Team Entity, which are worthy of note, and deserve to be addressed if I am to further my team-creation and management mission effectively. Please read the comments by Ena and Gig, each of whom I thank, and then read my response in addressing those comments and assuaging some of their concerns at the end of this article.


Again, Ena and Gig, thank you for your excellent insights, and for your kindness in voicing and sharing your valid concerns.


LinkedIn
Date: 11/22/2008
Subject RE: THE TEAM ENTITY
Group: International Network of Social Entrepreneurs


Ena Jesani wrote:

Douglas - The team is the most effective entity, for 5 years I have run one of my companies as a staff co-operative and now my new consulting company as a collaborative. Two comments from me, firstly, Gig makes a good point, where is the leader? In the model you describe, all the network connections would be peers, with no incentive to lead. Secondly, the benefit of cross-pollination will only work if business practice is of equal standard, equal value and benefit to each and practised with equally shared and agreed ethics. How can this be when the team is made up of so much unknown quantity? The risk is too high for individuals to compromise. Cross-contamination comes to mind.




~~~~~


On 11/13/08 8:47 PM, Douglas Castle asked: THE TEAM ENTITY


Dear Colleagues:


We spend a great deal of time networking and acquiring new contacts. Then, some of us aggressively and positively go to work converting those contacts from mere names into good, two-way relationships. Why must it end there? I believe that the most powerful business operating subunit is the Team. Further, I believe that team-building is going to become a skill of increasing importance as the traditional corporate and institutional paradigms are put to the test. Kindly review: http://thenationalnetworkerweblog.blogspot.com/2008/11/using-teams-to-fuel-exponential.html and let me know your thoughts.


Thank you.


Faithfully, Douglas Castle




~~~~~

LinkedIn
Date: 11/21/2008
Subject RE: THE TEAM ENTITY
Group: International Network of Social Entrepreneurs


Gig Hitao wrote:


I would guess that it is no coincidence that you have not had more comments here, so far. The irony is that people who join LinkedIn and are part of this social entrepreneur group are generally independently minded, self employed type people, like me. We all know the value of teamwork, but who will join our team? Real work teams, like in corporations or even on construction crews are formed by a leader who then pays followers to follow. Everyone but one person in a team is a follower and if they are really productive, they get paid to follow. We'll see how many people refute my statement here.


~~~~~


On 11/13/08 8:47 PM, Douglas Castle asked: THE TEAM ENTITY



Dear Colleagues:



We spend a great deal of time networking and acquiring new contacts. Then, some of us aggressively and positively go to work converting those contacts from mere names into good, two-way relationships. Why must it end there? I believe that the most powerful business operating subunit is the Team. Further, I believe that team-building is going to become a skill of increasing importance as the traditional corporate and institutional paradigms are put to the test. Kindly review: http://thenationalnetworkerweblog.blogspot.com/2008/11/using-teams-to-fuel-exponential.html and let me know your thoughts. Thank you.


Faithfully, Douglas Castle




Firstly, some information is in order:

  • Out of an audience of in excess of 100,000 recipients (without correction for double-counting through multiple group memberships) I have received 18 responses to date:

  • Of these responses, 17 were positive, or conditionally positive, i.e., positive with certain caveats, as in the two excellent examples above;

  • The caveats and concerns fell into several general categories - and bear in mind that these concerns came from active, practiced networkers:

  1. The significance in choosing a good, responsible leader...an individual of intelligence, integrity and a propensity for firmness of focus tempered with some diplomacy;

  2. The fear of being dominated by a leader who is selfish and overly controlling;

  3. The fear of either an inequitable sharing of responsibilities, or an unequal sharing of rewards;

  4. A need for a constitution, or for contractual definitions and protections;

  5. A fear of "ganging up" of one group of members (ostensibly the majority) against another group (ostensibly the minority);

  6. A need for accounting -- of efforts and monies invested, as well as results produced, divided and distributed;

  7. A fear, on the part of the more entrepreneurial networkers, that their individual styles and creativity will be discouraged or squelched.

In reading the list of seven concerns above, you cannot help but notice that they are driven by fear and insecurity. There are sound psychological reasons for this:

  • Negative experiences deeply implanted in the subconscious;

  • A general hesitancy to trust in strangers and in a leader;

  • A temporal deterioration in our faith in our own fellow Human Beings;

  • A fear of making a "bad deal" that cannot be amended or fixed;

  • When a survey is given, the greatest percentage of respondents tend to be the more skeptical, critical individuals -- this is a statistical flaw with many polls, surveys and discussion questions.

My suggested approaches to addressing these issues will be set forth in my next article on this subject.

Faithfully,


Douglas Castle, TEAMWORK - CREATING TEAMS THAT WORK


p.s. Be certain to visit our new page: THE NATIONAL NETWORKER SURVEYS. Your opinion counts, and you participation is encouraged.

p.p.s. Be certain that you have our link, our button and our blidget on your homepage, websites and blogs. To get easy directions, simply go to THE NATIONAL NETWORKER - THE RELATIONSHIP CAPITAL TOOLKIT

________________________________________________________


Posted to THE NATIONAL NETWORKER. To subscribe for your free newletter, go to http://www.thenationalnetworker.com/. For the complete National Networker Relationship Capital Toolkit and a free RSS feed, go to: http://thenationalnetworkerweblog.blogspot.com/.

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The Emergence of The Relationship Economy

The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

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