Category Archives: Extreme Service Excellence

Disruption: Get Out of Your Own Way!

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Disruption is out in the open.

No longer a shock or surprise, disruption is sought-after, copied, and cultivated.

Huge financial returns, wide-grasp power, and lucrative celebrity are key attractive outcomes that make disruption the hot leading edge of business. Since the value of disruption has been proven over and over again, it’s no longer a question of “if” but a clear vision of “when” that has the full attention of forward-thinking leaders.

At the same time, disrupted businesses face an end to their hard-won market share, financial gain, future profit, and perhaps the entire organization.

You know it’s coming whether you admit it or not. How are you preparing to get out of your own way, so you come out of industry or profession disruption and stay way out in front?

⇒ What have you discovered about your vulnerability to disruption?

  • Understanding the ways in which your industry or profession could be disrupted is vital for ventures from start-ups and wanna-be market invaders to those intent protecting their first-in or long-established market lead, or just holding on until owner retirement.
    Where are your vulnerable points?
  • Disruption can truncate or terminate careers, personal holdings, overall worth, and companies. Disruption anticipation must be required analysis for business owners, partners, professionals, and stakeholders on all levels.
    What could disruption cost you and your business?
  • When you see your principal role as maintaining status quo, you may be playing into the hands of disruptors. To fight off change, are you allocating funds and resources into areas which may weaken your market position or are you increasing vulnerability by leveraging assets?
    How can you realize the value built into your business when disruption looms?

>⇒ Example: Identify Disruption Potential

In the webcast “Technology in Homebuilding,” Hanley Wood & Meyers Research CEO, Jeff Meyers shared observations on the potential for disruption in the US homebuilding industry.

Listening to Meyers’ perspective on home building, I was struck by similarities with my observations of other industries and professions. How do the following key points apply to your world?

Home building and construction remain long on tradition and short on digital transformation, making these real estate sectors vulnerable to disruption:

♦ Vulnerability #1. The intention to disrupt is not proclaimed on social media, it just happens.

Anticipation is key.
Disruptors have already moved into real estate: from office disruptor WeWork and hotel/apartment disruptor Airbnb to mega-disruptor Amazon’s attack on retail and other sectors. Meyers related an example of how the disrupted may be the last to know. Greystar, a global leader in rental housing, was seemingly unaware of disruption by Airbnb until that company offered to partner with Greystar by explaining “we have over 5000 of your units in our system.”
What “back door” have you left wide open in your organization or client relationships?

♦ Vulnerability #2. Disruption of an industry requires “deep pockets” for experimentation and exploration to establish the most practical, lucrative disruptive pathway.

The attraction of historically solid returns is a key vulnerability.
Major disruptors like Amazon and Google have billions to experiment with in the home building and construction industries. By example, Meyers mentioned Amazon-backed Plant Prefab as a stepping stone which may lead the way to sustainable modular-prefab projects that challenge traditional development. This practical wedge into home building may be one way in, but there are many potential entry points.
What could “deep pockets” accomplish that you have not?

♦ Vulnerability #3. Combined digital advances and trend-setting technology can transform practices and systems.

Social-media- and technology-driven shifts in consumer behavior and expectations can leave first-in and leading companies far behind.
Disruption takes many forms, but technology enables increased speed and efficiency to open major avenues for change: faster production, faster delivery, faster customization, faster research and development…. Advances in the speed of construction through steel-framing companies like Prescient cut costs, improve affordability, and heighten investment returns, said Meyers.
What changes to “the way it’s always been done” would keep you out in front with your target markets?

Meyers explained his intent in talking disruption was to rally home builders to adopt digital transformation of their sales and marketing processes and particularly their buyer experience.

⇒ Clients and customers can become catalysts for disruption.
Read PJ Wade’s from-the-inside-out examination of how communication and the lack of it may reveal the potential for disruption to home buyers before home builders see the future: Home Builders: Do They “Get” Buyers? on PJ’s Decisions & Communities blog.

⇒ What are your weak spots, exposed flanks, or out-dated hack points?

Believing you’re invincible is one way to get through tough or uncertain times, but it may not be the practical or powerful strategy that current times demand.

Every single aspect of your business and career can not be equally strong and resilient. One weak spot or two or more combined flaws may exist and be underestimated as disruption points.

⇒ Do you understand where your greatest vulnerability lies?

How are you and status quo getting out of the way? How will you react constructively to disruption before it’s too late?

  • Keep your opinions to yourself. Listen more than you talk. You want to learn what you don’t understand about technology and how it is changing people’s lives and the way we do almost everything. Listen to academics, professionals, and experts, who have knowledge and inspiring experience to share.
  • Stop thinking you have time. You’re too late for this to be easy, but not too late to be successful. Technology is snowballing through industry after industry. Nothing is going back to the way it was. Even when online changes do not prove fruitful, there’s no going back. They’ll just be replaced with new online and digital solutions. One significant change is how many are turning to their target prospects, customers, and clients and to their data for ideas on how to make the transformation make sense and make money.
  • Digital transformation is no longer a choice, it’s a necessity.  What you don’t know or understand, many competitors and disruptors do. Concentrate on building your expertise in identifying exceptional experts and hiring them for the good of your company and clients. This is not about what you can do, but what you can put in place. Then, move out of the way of those you hired because they know more than you do.
  • Stop expecting accolades and pats on the back. Concentrate on earning trust by being the one who really knows how to lead by stepping aside and letting the experts you hand-picked self-lead. Retain leadership status by creating a powerfully-cohesive, forward-knowing team and organization and getting out of your own way to take your venture forward.

© 2019 PJ Wade, TheCatalyst.com. Includes excepts from “What’s Your Point?: Cut The Crap, Hit The Mark & Stick!” (print book publication: 2020)

Supercharge Communication: 3. Facilitate Decisively

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Supercharge Communication by continually perfecting and investing in EVERYTHING that you need to be effective at and are already good at…facilitate decision making to supercharge effective communication.

The following excerpts from Chapter 6 in “What’s Your Point?” explain why continually perfecting the art of decision making is a valuable, even essential, investment in effective communication for professional advisors and persuaders.

#1. Confident Decision Making

Effective communication is vital to sharing ideas, building knowledge, and making decisions. At its best, effective communication results in fruitful collaboration and confident decision making.

Experience has proven to you that facilitating confidently-made decisions benefits prospects and clients. And you! You’ll also establish value in your offerings to both groups.

Professional expertise should facilitate effective communication and negotiation to ensure that desired results are achieved or exceeded for clients. This should be true for every consumer transaction, business deal, meeting, interpersonal workplace interaction, professional consultation, and offering of products and services, whatever the medium, content, or context.

The prospect and client procedures you’ve employed to build your business and client base can be improved on by analysis of how decision making is facilitated. It’s that simple when there are no hidden, under-handed, compromised, dishonest, or criminal intentions involved.

#2. The core evaluation question is, “How can what the professional sees as relatively-simple decisions appear complex to clients?”

Your success is linked to how well and how consistently your communication, in all media, addresses this question when prospects and clients are selecting, choosing, evaluating, buying, selling, investing….

Professionals, executives, entrepreneurs, and advisors must have above-average skill and knowledge in decision making relevant to delivery of their advice, services, and products. This will include the perfected capacity to interview, facilitate, negotiate, and analyze.

Success for clients often rests with how effectively and credibly the professional communicates to create comprehension in each client’s mind.

“Why?”-questions are inherent to and embedded invisibly and otherwise in most procedures and decisions that require professional advice or intervention.

From financial and medical advice to purchasing and education details, consumers and business-to-business decision makers seek out knowledge, skills, and guidance to enable them to confidently make decisions that matter. The more quickly and completely they understand the whys associated with a specific set of choices, the more quickly and completely they can confidently make a final decision that is their best choice.

Professional communication expertise identifies and explains these issues to simplify and clarify what exactly must be chosen or avoided, and why. This reveals precisely what acceptance involves.

Professionals who do not understand what their clients do not understand, often say: “It’s a simple ‘yes’ or ‘no’ decision. You want it or you don’t. You do it or you don’t.” But it is not that simple to the client or would they hesitate?

Clients who are overwhelmed or distracted by details correctly and incorrectly related to a decision—even one described as simple by a professional—believe it is not a simple ‘yes’ or ‘no’ decision, and hesitate to act. They may feel they have more questions than answers and resent being made to feel inadequate. Pressure cancels out trust.

How do you assist prospects and clients in becoming confident about their decision making? What has proven to be your most useful tool in this process? How good are you at personally making decisions with confidence, especially under pressure?

#3. Mastering the Complexity of Simple Decisions

The significant professional purpose in communicating is to make good decisions easy and comfortable to make, and to help others—prospects and clients—confidently commit.

Professionals, advisors, executives, and entrepreneurs are decisive by nature, training, and goal-setting. It’s not surprising that many often think they are great decision-makers. Some even believe that making decisions quickly is a sign of decisiveness, which it isn’t necessarily.

Commonly, after a few years on the job, most professionals feel they have learned all there is about the decision making process. They believe it’s just content, in the form of product specifications, office procedures, and client “hot topics,” that change, not the decision-making process. Professionals who truly understand how ill-prepared most prospects and clients are to make decisions, understand how the professional can help. These professionals realize their value is linked to clients’ confidently-made decisions.

The more professionals understand about the process of deciding, the more useful they are to those that rely on guidance to make up their minds and end second guessing. This is true whether you sell goods, services, or both to individual clients, businesses, or organizations.

The first time you went through one of your profession’s or organization’s decision-making procedures with a prospect or client, it required a lot of concentration, thinking, remembering, and analysis on your part to genuinely engage and serve. Prospects are going through your process for the first time, so remember what that felt like.

Each subsequent training session and actual sale seemed to require less conscious thought from you, even though details varied with each prospect and client. If the professional is selling services or products, particularly when standard, frequently-repeated procedures are used, the prospect or client may be at an even greater disadvantage.

After years of experience, many prospect and client service procedures are second nature to you. They can be carried out almost effortless, and you may feel they do not even require your full attention. Some professionals have gone through the process so often without giving the prospect or client individual attention, that the professional feels they could fill out the form alone. That is not necessarily a valuable progression for prospects and clients, or for the professional.

Conscious effort is required to observe opportunity for improvement, and to identify weaknesses or redundancies in procedures and processes. Have you reached the stage where you can work on auto-pilot? How is that constructive progress? What are you missing that clients, who are not jaded by repetition as you are, and competitors, anxious for opportunity, would value or could contribute?

#4. The following discussion relates to guided persuasion, presented as friendly helping and caring concern. This is not a discussion of high-pressure tactics or heavy-handed selling, which have no place in professional communication.

  • Do answers to the following questions represent information that is readily available to you, or that is largely unknown to you?
  • How many decisions are there for prospects to make from the first prospecting contact until the transaction is finalized and follow-up is complete?
  • Do you have a flow chart or similar outline of this process to share with prospects and clients? If not, how does that foster continuous improvement to the clients’ benefit?
  • How many decisions do you make in managing this process?
  • How is each procedure documented, analyzed, and checked for compliance with legal and ethical standards to protect the interests of the prospect and client?
  • How frequently and thoroughly is each decision-making procedure reviewed and revised?

Your goal in this evaluation should be to identify aspects of decision making—clients’ and yours—that make deciding seem simple with experience and complex without, or without trustworthy professional advice.

© 2019 PJ Wade, TheCatalyst.com. Except from “What’s Your Point?: Cut The Crap, Hit The Mark & Stick!” (print book publication: 2020)

⇒ Example of how real estate professionals could supercharge communication.

Supercharge Communication: 2. Interview Inventively

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Professional advisors and persuaders are surrounded by overlooked or ignored communication opportunity. One common missed opportunity involves not interviewing inventively.

Among the under-utilitzed communication techniques at professionals’ disposal are INTERVIEWING & KEY QUESTIONING. These powerful information-gathering tools involve interview questioning with the selective use of closed and open strategic questions.

That’s were the “inventively” comes in.

Supercharge Communication by continually perfecting and investing in EVERYTHING that you need to be effective at and are already good at…interview inventively and key question creatively to supercharge effective communication.

The following excerpts from Chapter 13 in “What’s Your Point” explain why continually perfecting the art of interviewing inventively is a valuable, essential investment in effective communication for professional advisors and persuaders.

#1. Questions to Open Minds and Hearts

Do you know how to ask questions to generate answers you may not have expected or realized you need?

Often, when we are sure we know all the answers, we ask questions based on our assumptions, not what individual prospects and clients want to know.

Whether you’re discussing a referral, convincing a potential client to work with you, deciding how best to help a client, or investigating a client’s negative response to advice, are you skilled enough to ask mind-opening questions?

How do you trigger client responses that provide information essential to helping the client, even if they don’t understand exactly what you need to know?

Sometimes, when interviewing clients, you are probing for opinions, observations, and concerns that prospects or clients may be unaware of themselves. What is your reaction when you encounter issues and perspectives you have not come across before? What about topics you would not normally think of inquiring about? Use your experiences to help prospects and clients understand how to help themselves.

QUIZ: Quickly identify which of the eight questions—four in the introductory paragraphs above and four in the bullet list below—are open and which are closed questions.

To unearth choices and potential pitfalls for others, professional-grade interviewing and questioning skills are essential:

  • Do your professional interviewing or information-gathering techniques need upgrading?
  • For instance, how do you deliberately use open-ended questions when gathering information?
  • Do you use closed questions when short factual answers like yes or no will move the interview along to the next significant section?
  • How do you create an effective series of open and closed questions?

Quiz Answer: The eight questions are, in order: closed, closed, open, open, closed, open, closed, open.

#2. Improving your communication powers is easier than you expect.

However, this transformation does require moving to conscious, deliberate expression in every medium.

As suggested throughout “What’s Your Point?,” this involves shifting to focused, strategic communication where results matter every time. In all cases, the more you know about your target and about your goals in talking to or emailing them, the more effective the interview and the more useful the results.

Professional advisors and persuaders have many communication tools at their disposal. They just may not realize this without training. One of the most powerful information-gathering techniques—interviewing—involves the selective use of closed and open strategic questions. Combined with listening loudly—active, respectful, engaging attentiveness—communication gets supercharged.

Do you find that there can be a lot of talking or emailing when you communicate, but not many decisions that people stick to? Your failing as an interviewer may be the weak link.

Can you automatically and seamlessly switch from open to closed questions as required? If not, you may benefit from training and practice to be a fully-professional interviewer and an effective facilitator.

#3. Strategic Question Review

(1) Closed questions elicit yes, no, or one-word “just the facts” responses.

  • Professionals who are in a hurry, or disinterested, often fall naturally into asking closed questions to gather only the facts they need for their decision making.
  • They may also intend to avoid listening to more information that they want. This just falls short of actually cutting prospects or clients off.
  • Some professionals ask a series of yes-or-no closed questions to qualify prospects. This almost one-way communication can seem abrupt and unfriendly.
  • Closed questions can change the subject, politely or otherwise, quicken the pace, or relay a sense of urgency.
  • The exact wording of closed questions is important to learn precisely what is essential. It is also necessary to avoid responses that dodge an issue.
  • In emails, these questions illicit short responses. These may reveal little about how the responder feels or what they understand.

(2) Open questions trigger information downloading, generate opinions, and unleash knowledge.

  • Thereby shifting the interviewer’s role to one of listener.
  • Open questions, which begin with what, how or why, require detailed responses or descriptions from the prospect or client.
  • To clarify a crucial issue, ask similar, but slightly different, open questions at a few stages of the interview. You may uncover differing answers that surprise even the client.
  • As with all skills, practice pays off. Have a set of open questions ready to ask when you meet with prospects and clients.
  • In emails, when you need detail, make sure you ask an open question, perhaps even two.
  • By mixing closed and open questions, the interview can become an engaging conversation or a lively collaboration.

#4. Learn as much as you can about prospects and clients before the interview.

This preparation makes your queries more natural, more logical, and more fruitful. Those being interviewed will relax and be more receptive when they understand your client-centric purpose.

Your intent must not be to take advantage, but to create the best services and achieve the best returns for prospects and clients:

  • Before you ask anything, disclose all conflicts of interest and fiduciary responsibilities to prospects or clients.
  • Explain how you’ll protect their rights, privacy, and interests during the interview. Also during the entire extreme-excellence service delivery process. This will make them feel at ease and well-served.
  • In advance, ask their permission to ask questions, so they genuinely are in control of the discussion.
  • Remind them that, just because you ask a question, they do not have to answer unless they want to—no explanation necessary.

Are you always ready for anything and never at a loss for the right question?
If not, why not?

© 2019 PJ Wade, TheCatalyst.com. Except from “What’s Your Point?: Cut The Crap, Hit The Mark & Stick!” (print book publication: 2020)

⇒ Example of how real estate professionals could supercharge communication.

 

Supercharge Communication : 1. Listen Loudly

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Supercharge Communication by continually perfecting and investing in EVERYTHING that you need to be effective at and are already good at…listen loudly to supercharge effective communication.

The following excerpts from Chapter 13 in “What’s Your Point” explain why continually perfecting the art of listening is a valuable, essential investment in effective communication for professional advisors and persuaders.

#1. How do you add value?

When your marketing, advertising, or branding message resonates with prospects and clients, they’ll accept it as true because you seem to understand them and their challenges. Once they meet you face-to-face or one-on-one online, will they remain sure you “get them?” Will they see you actively and respectfully paying attention to earn trust? Will it be evident to prospects and clients that you will adapt to their needs and all the other demands on their time, effort, money, and intelligence?

#2. Listening is not silent talking.

  • Listening is not silently criticizing what’s being said, making mental jokes, or thinking about how you’d say it better than the speaker who is sharing with you.
  • Listening is not waiting until it is your turn to talk and, in the meantime, concentrating on perfecting catchy phrasing or showing off in other ways.
  • Active listening is also not guessing what will be said and interrupting to finish sentences or provide a solution before the prospect or client explains what really concerns them and why.
  • Listening is not about you.

#3. How do differences matter?

Effective active listening always concentrates on how someone or their problem is different. This individualization is crucial to personal or customized service. Avoid lumping individuals into a general category. When you do, you’re giving them standard service which can not completely suit their needs. In fact, this is really substandard service since it is probably less than your pitch says you deliver.

Too often we listen for similarities. We search for ways to label an individual or group, or pigeon hole a need. In the multigeneration workplace, ageism in both directions (“too young” or “too old”) is rampant. Beware of your biases. Generational biases—yours and/or your clients’—compounded by stereotypes and ageism, can distort what is heard, that is, transforming it into what somebody who “looks that age” would mean.

For example, boomer is a general term for a very diverse group identified merely by their dates of birth. Boomer parents can have boomer children—it’s that diverse. However, references to boomers usually make them (almost 85 million in North America) seem like clones. Each boomer is unique. The group is a rich mosaic of diversity on many levels. The same diversity is true for millennials. If your target includes boomers or millennials, do you communicate with them, and about them, in ways that reflect this diversity?

#4. Why does what you do matter?

What is essential to earn the right to hear what prospects and clients want to share and more? They must quickly and relevantly see value in having you listen to them. When you meet a prospective client for the first time, you should be prepared to succinctly explain what you do.

In plain, jargon-free language, a Professional Benefits Strategy (PBS) sincerely expresses how you and your services solve relevant problems for target clients, from their perspective.

A PBS, memorably and relevantly, reveals where your value lies. The same care and clarity of communication and intent—achievable focus—should be evident at every meeting, every contact, not just the first. The thoughtful analysis that produces an effective introduction can also be applied to content for marketing, client retention, product/service development, business expansion….

#5. What does Active Listening—Listen Loudly—involve?

Active or effective listening combines respectful listening with accurate collection of data and impressions for future reference, placing privacy first.

(1) Active listening, coupled with attentive silence, reflect genuine interest and respect, and always represent powerful elements of your value to clients. While you listen to (or read) what prospects and clients want to communicate, your receptive attention—undistracted silence and no interruptions—is a vital ingredient in successful sharing. By listening intently, you learn exactly how they define the problem and its impact. Never underestimate the value of your attentive silence. Remember, no salesperson ever listened their way out of a deal.

(2) Combine active listening with professional interviewing techniques.  For example, strategic questioning—the deliberate use of questions to build rapport, gather information, and guide conversation—helps discover how to exceed expectations for each client. These details, including any client misconceptions, reveal which solutions may be most effective. The information and insight gathered reveal how to adapt products and services to client needs. This effort combines to create value-enriched extreme service excellence.

(3) Keep track of what you’ve heard or learned. Your procedures for recording client information and related data should emphasize:

  • Accurate comprehensive needs assessment
  • Reduced ambiguity for clients
  • Limited jargon and technical terminology
  • Appropriate documentation of decisions
  • Compliance with privacy regulations and legislation Above-industry standards for record-keeping and client education.

Summary:

Listen loudly! Client contact may involve phone conversations, meetings, texting, and online contact, but it must always highlight listening. Be engaged, enthusiastic, interested, and committed to remembering what you learn. Ask relevant questions, then listen attentively.

© 2019 PJ Wade, TheCatalyst.com. Except from “What’s Your Point?: Cut The Crap, Hit The Mark & Stick!” (print book publication: 2020)

⇒ Example of how real estate professionals could supercharge communication.