Succession Lessons From Steve Jobs

If you ever found yourself in a situation where you suddenly had to take a leave-of-absence from work, could your business operate without you? Even worse: If you passed away, would your business survive? What would happen to the people who depend on your business for their livelihoods? What would happen to the good things you’ve built to make your business the success it is today?

Needless to say, Steve Jobs’ passing left a void in the world of technology—and certainly in Apple. However, his death is proof that your business—and vision—does not have to die with you. These three tips will help to ensure your business lives on after you depart.

1. Have systems in place to ensure that your staff can follow a clear and strategic road map to success.

Jobs’ product launches were legendary. When the iPhone 4S launched a few days ago, Apple’s leaders followed the same playbook that Jobs had laid out for them. This does not mean they could not—or will not—improve upon or make changes, but by having a template, they could start off right, sans Jobs.

2. Mentor managers and staff within the company.

Jobs has been battling illness for years and wasn’t always able to be fully engaged in the company. However, regardless of whether he was in a hospital, at home, or in the office, his team was able to aptly continue innovating and managing in his absence. We all know that Jobs was the visionary designer behind Apple products, and no one can replace that. But without a strong team, Apple would have never been able to see through a successful stream of products.

3. Convey your vision to everyone.

As managers, it’s natural (and healthy) to build strong bonds with other senior managers. However, it is equally important that everyone in the company is well-trained and understands your vision, as well as the corporate brand, how to treat customers, and everything else associated with the culture of the company. Want an example? Visit an Apple store, use one of the company’s products, or go to its website. Jobs’ passion for design, simplicity, and usability are throughout.

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4 Ways to Treat Your Customers as People

When someone called our vintage airplane ride company’s 800 number, and it was busy, the perky recorded voice (my wife’s) said, “All our lines are busy, but your call is very important to us. Blah, blah, blah.”

The blah, blah, isn’t writer’s shorthand for the usual mindless message, she really did say, “blah, blah, blah.”

A few stunned heartbeats later, long enough for the audacious message to sink in, it continued, “Why is it companies say your call is important but then don’t answer the darned phone? Well, we tried to find a better solution, but we’re a small company and sometimes we just can’t do everything at once. Right now we’re busier than a one-armed wing-walker with a wedgie, but we’ll be with you just as soon as we get our feet on the ground.”

When we started the company we knew we were in the entertainment business not the flying business, and we knew without customers all we had was an expensive hobby. So we tried to make every part of the customer experience fun, even the time they spent on hold.

While they waited, we played ragtime piano music, and if the hold was longer than 15 seconds we offered a choice of recorded information about our rides and a promise to answer shortly, really. We also suggested, “If you’re feeling frustrated, press 6 a few times” The appropriate sound effects—“Pow,” or “Ooomph,” or “Wack”—made them smile.

Treating customers like people, treating them the way we want to be treated, helped us build that aviation business, over 16 years, into the oldest and largest in the United States. Our kind of humor or service may not be right for you, but here are four ways you can show your customers you really care.

1. Say please

In kindergarten we were taught to say “Please.” Why? Because it’s an important social skill that suggests respect between the parties. A contraction of the old phrase “If it pleases you,” the word focuses the transaction on the other person, where it belongs.

2. Say thank you

Sixty years ago, my folks ran a dry cleaning business in Montrose, a small northern Pennsylvania town. Their customers were all acquaintances. Most, were, in fact, neighbors, and many were friends. They interacted with customers as if they might have dinner with them on Saturday or see them in church on Sunday because often they did.

Today, many customers are virtual and most are strangers (there are, after all, twice as many of us in the U.S. as there were in 1950). Saying thank you isn’t as personal, but it’s just as meaningful. The words are important, but more tangible ways of saying thank you without spending too much, such as a simple thank-you card or flowers for a house buyer can make a valuable impression.

3. Make it easy for them

Treating customers with respect, caring about them, is tough after day-in, day-out interaction with people who don’t always treat you with respect. And that makes it difficult to be genuinely caring. So if I suggest you act as if you love your customers, you’ll probably balk. But if you really care for someone, don’t you do little things to make life easy for them? I take my wife morning coffee when she’s in the shower. She brings me a glass of wine at the end of the day.

Do you make it easy for your customers to return something? If you offer coupon discounts or rebates are they easy to redeem? Think about the person you care about most—wouldn’t you want it to be easy for them? Wouldn’t you want it to be easy for you? Why should we want anything less for the customers who put groceries on your table?

Nordstrom department store is almost a synonym for customer service. There’s a story that they even refunded, without a receipt, the price a customer claimed to have paid for a set of snow tires—and they don’t sell tires. Home Depot has a similar story. Apocryphal, or not, the stories illustrate how making it easy on customers can contribute to the best advertising there is: a legendary reputation.

4. Understand what they want, even if they don’t

Years ago I visited the EPCOT center at Disney World. In an era when computer terminals provided only green text on a black screen, one company was touting an amazing new technology: a full color display with a touchscreen. Interesting enough, but what really grabbed my attention was in the next exhibit. They also had color displays—with fingerprints all over the screens. In a matter of minutes people had adapted to, and adopted, the touchscreen interface and expected that the next displays would have the same capability. I have the same problem today when I move from iPad to iMac.

But you don’t have to wait for a new technology to point you toward what your customers want. They may not even know themselves. According to the “peak-end rule” we judge experiences based on an impression of how pleasant or unpleasant they were at their peak and how they ended. Oddly, an uncomfortable experience that ends abruptly will be remembered as worse than one that was even more uncomfortable for a longer time, but ends with only mild discomfort.

Translated into a business setting, if you’re a car salesman, make the peak experience when they pick the car up, so the peak and the end are at the same. Any personal touch you can add will increase the chance they’ll come back. Or if you’re buying someone a present, stick to one great gift. If you buy them something extravagant and a bauble, research shows it will actually make them less happy.

Thank you for reading so far. As a token of my appreciation, please enjoy this final, sweet, example of what I’m talking about. A candy store was thriving, another nearby was going out of business. The difference? The cheerful counter clerks at the first store always added a dash more candy corn or an extra praline. The dower clerks at the second store weighed each order carefully and even removed a bit if the scoop was overweight. You can, I’m sure, guess which store’s clerk always offered a hearty thank you and waved good-bye.

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4 Things My New Vacuum Cleaner Taught Me About Technology Upgrades

I’ve been using a very old Hoover vacuum cleaner for about five years. Recently, I went to Wal-Mart with my family and bought a brand new Eureka Vacuum cleaner. As I began using it, I was amazed at all of the new features. I could pull a lever and turn the brushes off. I didn’t have to connect and disconnect a messy hose, but just turned a switch to change the are suction. Overall, this new vacuum cleaner is simply amazing.

Now why did I take so long to get a new vacuum cleaner? For starters, my old vacuum cleaner simply wasn’t getting the job done anymore, so in a sense, I was forced to get a new one. And it made me ask myself: what if I had bought a new one earlier? How much cleaner would my house be? How much less would my back be aching?

This experience gave me a lesson in how smaller businesses should be getting the most out of technology.

1. Be timely

Instead of waiting until you are in pain, work with a technology road map to ensure you are buying technology not just when you are forced to buy it. Instead, buy technology because it’s time to buy it.

2. Don’t be afraid

Often times, new technology will give you benefits that you will only realize when you actually make the investment in purchasing new technology. So many times we are afraid to buy new technology as we’re scared it will not work right or we’ll waste our money. This is a healthy fear. But don’t let this fear become unhealthy and cause you to not want to buy any new technology.

3. Take the time to learn

You’ll never know what it can do for you and how much better it is than what you have if you don’t educate yourself. Go to trade shows, attend tech events by your local chamber, go to the many free events by technology companies and read magazines, websites (like you’re doing now) for tips and insight about technology.

4. Train yourself

When buying new technology, build in time and resources for training. So you decide to buy the new, fancy, copier, only to find that you’re not using it because it’s “complicated.” Maybe you should take the time to attend a one hour course in how to get the most out of your new copier. If you are not taking the time to truly educate yourself about the technology your are investing in, you’re wasting your time and money.

We could have kept our older vacuum cleaner for a few more months, but each day we used it our productivity went down. Is your business productivity low because of old technology? Are you wasting money because of old technology?

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The Adventurous Life Of A Small Business Owner

Most small business owners know that running their own company is an adventure—every single day. There is a certain excitement of never knowing exactly what is going to happen. Some seek this out while others live in fear of it. Unfortunately, fear is almost always a part of this type of career choice.

Polar explorer, Ernest Shackleton reportedly announced his journey to the South Pole in 1913 by placing an ad in the newspaper that read “Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. Honour and recognition in event of success.” Sounds like a small business help wanted ad!

In his new book, Adventure in Everything We Do, Matt Walker shows every business owner how to have constant adventures in their career, without bringing on the fear. He writes about five elements of adventure that can produce a life of purpose and inspiration—which he knows a lot about considering he has climbed some of the highest peaks on the seven continents, including Mt. Everest.

1. High endeavor

Many of us do not want to seek high adventure especially in such a fragile economy. But as Matt says we do“want to reach the summit, but we all got to come home safely…with all 10 fingers and toes. Preparation is the main component here. It’s not about holing yourself up and hiding out, but it’s about performing…it’s preparing yourself for all different types of elements.”

2. Uncertain outcome

This is the one inevitable destination for every small business. Matt writes about recognizing “the perceived risk versus the actual risk…and to see if our reality actually meets our perception…often times these two things are not in sync.” Matt says that taking this approach increases that person’s capacity to be able to handle uncertainty. “It is necessary to face real risks and real dangers, but we can’t go and paralyze ourselves from action by having those fears upfront…where we won’t get anywhere.”

3. Total commitment

Having a business requires the highest level of commitment to the execution of an idea that solves a problem for the customer. But how does the business owner sustain this level of commitment throughout the years it takes to be successful? Matt suggests finding “that level of energy by making sure that the your values are in line with your action. So your business is set up so that it’s going to run on that energy because the values that you have, that you hold so clear and so dear to yourself are there out there everyday. It’s not even a question of how to sustain it because it’s such an extension of who you are. To me, that’s the renewable energy in entrepreneurship.”

4. Tolerance for adversity

Every small business owner has to be able to handle the bad times, which are inevitable. Matt insists that every business owner has to evaluate“what is the frequency of the problem, of the challenge, is it 5 percent, is it 10 percent, or is it really something that happens 90 percent of the time because often our stories don’t line up with the reality.” He reminds us that we become hyper-aware around the kind of information we are exposed. As Matt advises, we need to become “really aware of what type of information that we take in and how we use our our energy. We need to make sure that we’re really focused on the core aspects of our business, not these this little bits of it that are fear inducing.”

5. Great companionship

Business is a team sport. Without other effective people, the business owner will never find the leverage needed to successfully scale their business. As Carol Roth says, without leverage, business owners just become a “jobbie” having only created a job not a company. Finding the right business mentor as a companion is also a key success factor.

How do you handle the adventure in your business?

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Economic Signals Heighten Worries of a Double-Dip

Low consumer confidence, falling manufacturing activity in China and
Europe, and a U.S. economy that is growing too slowly have many economists
worried about a double-dip recession. Forecasters polled by The Wall Street
Journal gave the U.S. a 1-in-3 chance of slipping into recession next year. The
International Monetary Fund predicts the U.S. economy will grow only half as
much as necessary this year to keep up with a growing workforce.

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IRS Offers Employee Reclassification Agreement

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