Don’t Tell Me About Your Product – Give Me 3 Outcomes

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My old boss, Mike Neeley used to tell me, ‘don’t just show up and throw up’. I now really understand what he meant.

Recently I was giving a product demo to serial entrepreneur, Brandon Lee. He stopped me midway through my pitch and said, ‘the product looks great, but give me 3 outcomes for what it will do for me’.

In other words, he was saying ‘hey, I don’t really care about your product. I only care about what it will do for me’.

I think it’s easy to get lazy and just pitch your product. It takes time and effort to do the homework to really understand what your potential customer cares about and what your product can do for them.

Thinking about this advice, here are my thoughts for my company, Cooleaf. To give context, we have a technology platform that companies use to manage all of their internal employee programs such as training, wellness, volunteering, social events, and recognizes employees for their level of participation and accomplishments.

Three outcomes for our clients:

  1. Cooleaf will make a large organization feel small – we help connect people inside the organization based on common interests and things people can get plugged into to meet others and build relationships resulting in a stronger company culture
  1. Cooleaf will enable company leaders to track the results of investments in their employees, – by leaders having real data, they are empowered to make more strategic and proactive decisions for their investments in programs for their people
  1. Cooleaf will power a rewards and recognition program for employees – organizations can recognize employee accomplishments and participation in the culture and success of the company

Before speaking with (not to) a client, I encourage you to first do your homework about their needs and understand your connection to them. Then be clear about what your product can do for them and ask the client to prioritize what is most important to them. This will allow you to focus your pitch to what they care about most.

5 Practical Steps to Improve Company Culture

Cooleaf Team

Most company leaders want to have a vibrant company culture and high level of employee engagement. However, leaders may lack the knowledge of practical steps to achieve these goals. Here are a few steps with specific actions that you and your team may use to improve your company’s culture.

Step 1:  Create new and more frequent opportunities for employees to connect

Guess what? Employees are people, and people generally get a lot of satisfaction out of being around other people they like and enjoy spending time with. The crazy thing is that in many organizations, employees never get to know each other as well, people!

Action: Send out a short survey with the goal of getting feedback as to the top interests that employees have. These interests can include both professional and fun/social categories.

Example categories may include things like running, volunteering, family/kids, mentoring, product innovation, future leaders group, women’s groups, etc… In the survey make sure to ask if the employee would be willing to help come up with new ideas and be a ‘champion’, or point of contact for an activity within a category they are interested in and if so, have them enter their name and e-mail (these employees may become group leaders).

Action: Create formal interest groups based on the top categories from the survey. Each group should have at least one champion, or group leader. It’s best to ask if someone would be interested in being a group leader for a short amount of time instead of them being assigned.

 Step 2:  Give your people a purpose

Giving a purpose does not need to be an abstract mission statement. It can be as simple as a goal for each interest group that is created. For example, let’s say you have a running group. Have the group champions understand that because there is a lot of interest from employees in running, you would like to use this group as a way for people to meet each other based on their common interest. Have the group champions decide how often the group should meet and what type of activities and events they should do.

Action: Work with group champions to define the goal for each group. Have them decide what type of activities the group will do and how often.

Action: Have your group champions create a schedule of activities and communications once the group goals have been set.

Step 3:  Recognize people for their contributions

You now have a solid foundation with employee interest groups, champions, and goals. Now it’s time for employees to see the value you place on their contributions and participation in the culture of your company.  Recognize people for achievements and participation. Recognition can be tied to rewards that are both financially based or as simple as a personal thank you.

 Action: Set up recognition categories that you will highlight when employees demonstrate those values. Examples may include recognition for participation, leadership,  going the extra mile, exemplary customer service, or being a technical ninja! You can have fun with the recognition categories based on what’s right for your culture. A best practice is to empower your group leaders with the ability to recognize their peers.

Step 4:  Focus on the first 30 days

Make sure that as part of all new hire on-boarding, new employees get introduced to the groups inside your company. This is a great way for new employees to meet their co-workers and feel part of a community. When people feel accepted and part of a community, they are more likely to stay!

 Action: Make it part of the on-boarding process for each new employee to have an opportunity to join interest groups. Not only should they join some of the groups, encourage new employees to participate in group events. It is a best practice to have a way to track the progress of new employees so that your team can be proactive in making sure they feel welcomed and accepted into the company’s culture.

Step 5:  Have fun

To be most effective, people need to enjoy what they do. A big part of employees enjoying what they do, is liking and respecting other people around them. Show your teams that it’s ok to have fun by you and other company leaders joining in on group activities. Just like everyone else, you should pick your interest groups and participate. Bottom line, have fun with it!

 Action: Make sure you and your leadership team pick their interest groups and participate. This is not just about being an example to other employees. This is about being authentic. Join in on the fun that is taking place and you may surprise yourself that not only are enjoying your time, but also how much it will mean for your team to see you out there side by side with them.

Everyone Needs Their Own ‘BC’

It’s true. Everyone needs what one of my best friends, Ross Kirchman and I call, ‘BC’; short for Breakfast Club. IMG_1565

A few years ago we started meeting every Wednesday at 7am, before work at a nearby Starbucks. We would meet for an hour with the goal of keeping each other accountable to goals each of us would set to push ourselves beyond our current lifestyles.

By most measures, we were doing well. Each of us had good paying jobs with growth potential, we both had completed our MBA programs, and were having fun going out with our girlfriends.

However, each of us wanted something more. Neither of us wanted to be content or just settle for something short of what we felt like we could achieve.

So it started. Each week we would meet for an hour to discuss ways to push ourselves in different areas of our lives. We would discuss everything from advancing in our professional career, growing to be a stronger Christian, to ways we thought we could become a better leader.

The big point is that we did not just talk about ideas and then go off to work and feel good about ourselves. Each week we would commit to actions we would take to achieve specific goals and then we would hold each other accountable.

For example, one of my big topics was starting my new company at the time. I would commit to writing a business plan and doing research by a certain date and presenting it at BC, where Ross would provide feedback. We would share ideas and think about ways to take steps towards accomplishing our goals.  We had a mutual respect for one another and neither of us wanted to let the other down.

Ross lives in West Palm and I live in Atlanta now so we don’t meet each week at a Starbucks. Now, we talk on the phone every third Friday of the month at 7am. Last month we both presented our goals for this year. I know that each month, Ross will want to hear about the progress I’m making towards them and I will be doing the same for him.

Having someone there to keep you honest, share ideas, and encourage you helps, no matter what the circumstance or what you’re trying to achieve. It may be something different for everyone. For Ross and I, it’s BC and it’s something I plan on doing for the rest of my life.

Give Your Team a Compass, Not a Roadmap – my interview with Kat Cole

“Many leaders try to dictate results without having a real connection with their teams. This is where their efforts fall short. People learn from experiences, which gives them beliefs and turns into action, which drives results.”

John and KatRecently, I was fortunate enough to sit down with Kat Cole, President of Focus Brands. There are few people that I’ve met that have a true presence in a room and Kat is one of them. During our conversation she enlightened me with several nuggets of practical knowledge based on her journey as a successful leader and being an all-round good person.

 Kat has an inspiring story where she started working as a Hooters waitress and quickly rose through the ranks to company Vice President in just a few years. From there she was recruited into leading Cinnabon, a Focus Brands company and has most recently taken on the role of President for overall Focus Brands.

To give context to the breadth of Focus Brands, it is a the franchisor and operator of more than 4,000 ice cream shops, bakeries, restaurants and cafes in the United States, the District of Columbia, Puerto Rico and 60 foreign countries under the brand names Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill, Auntie Anne’s Pretzels and McAlister’s Deli.

I was interested in learning more about what she did to achieve such growth in a short amount of time and how she instills these principles into the teams that she leads today.

“When you have a genuine desire to learn, that is evidence that you recognize that you don’t know everything and have a deep level of humility – this is incredible disarming for people”

Kat revealed that she will be a lifelong student. She attributes her success to helping others and by doing so, learning from new experiences. For example, Kat described taking on many different roles during her time at Hooters and as a result, learned every aspect of the business.

Many of these roles started by simply helping people when they needed it. One day while working at Hooters, the cooks walked out on the restaurant and Kat decided to get in the kitchen and start taking food orders. She had never done that before so she wanted to know for herself that she could do it, and after all, it needed to be done.

By being humble enough to listen and being willing to learn all aspects of the business, Kat believes that she is able to see and identify opportunities that others may miss. One example she gave was when evaluating an investment in a restaurant. While others were speaking with the management, she went straight to the dishwasher and asked what he saw being thrown away most often.

“People need to ask the right questions and to the right people.” Often the most insight can be gained from the output or end of the process. This may be how the frontline employee interacts with a customer and the experience that the customer has at that moment.”

Another point that Kat emphasize is the importance of ‘thinking big’. She urges people around her to think beyond their current situation and what they think they can achieve. I liked the idea of this but wanted to learn more specifically how can one do this. Kat explained that the best way to teach people to think bigger is by putting a person in a brand new experience where they are forced to learn new things and interact with people and in way that they have never done before.

One example Kat told me about was her time volunteering in Africa where because the people in the village her group was attending to had such limited resources, it forced them to pick the single most important thing they could do to help and have the largest positive impact.

This forced her group to look at the problem in a new a way and prioritize to the most extreme level what they could do for the people they were there to help. It turned out that the number one thing that they could do was to help the people in the village have a more accessible water supply. All else would not matter if this single thing were not done.

When Kat got back to Cinnabon after her trip, her team was in the middle of selecting new menu items and doing a massive amount of research to make sure their new products would be a hit. Kat put a stop to it all right in the middle of its tracks. She asked her team what was the single most important thing they could do for their customers and brand. They ended up implementing new digital menu displays that were visible from afar so people passing by in stores, in malls and airports, etc… could see the existing menu options that Cinnabon offered.

Cinnabon did not need a new menu option but just a way to increase awareness of the variety of options they already had. Kat feels that by putting herself in a completely new experience she was able to look at a problem in a different light and think bigger than their current environment. The franchisees that implemented the new digital signage showed an increase in sales by over 400% compared to those franchise stores that did not implement the digital menus, in case you were wondering.

Meeting Kat inspired me to be better. She inspired me to think about how I can personally grow, to be humble, and willing to learn from every person and situation. Kat is successful because she pushes herself everyday to think bigger. She encourages those around her to push themselves to greatness. I know now to trust my ‘internal compass’ and know when I hit roadblocks and need to find a new path, I’ll be going in the right direction.

The Workforce is Changing

millennialsThe best thing that can help a startup grow is to be part of a large trend that is moving the market.

There is a macro trend occurring beneath the feet of corporate America where an older generation of employees are exiting the workforce and a new, younger generation (millennials) are entering the workforce. Within 10 years, the millennial generation is predicted to account for 75% of the global workforce.

This new generation of employees seek different things from their employer. A sense of meaning, growth potential, and their work environment matter much more to this younger generation of employees.

Leaders in companies are waking up to this trend and looking for new solutions to the knowledge gap that has been created due to the generational divide in the workforce. Enterprise Social Networks (ESNs) are becoming more standard as leaders seek more efficient ways to communicate and better connect their teams. Leaders are now looking to adopt solutions but in a way that they have more control and can be strategic about how their collaboration solution is aligned to the goals of the business.

I believe that existing ESNs have failed to actually connect people because these solutions have only focused on being a communication tool. Real knowledge sharing and learning happens not from online courses or from virtual discussion threads, but from real people sharing real-life experiences. By bringing people together around categories that people have a passion for and also support the business, individuals and teams are able to connect and collaborate in a more meaningful way where the growth of the individual results in the growth of the organization.

I’ve personally spoken with many top leaders inside companies about their key focus areas for this year and knowledge exchange and attracting and retaining the best talent are top on the list.

Life in a Startup – Walking a Line Between Death and Greatness

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My co-founder, Prem Bhatia likes to say that the default state of a startup is failure and each startup is furiously working to avoid that state until it finds product-market-fit. He is absolutely right.

Last year was a good year for my company, Cooleaf. We grew our revenue by 477%. I preference that number by saying that it’s a lot easier to put up a big number like that when you’re starting small, but regardless, it’s strong growth. We implemented a new iteration of our product last March and were able to close several large enterprise deals. Our largest contract being $50K.

This all sounds great and it is. However, it still is not good enough. Despite having our best year ever with huge potential in the future, we are still working towards achieving product-market-fit and being financially secure. We have steady MRR (Monthly Recurring Revenue) and are growing but we also have grown our expenses, primarily investing in our technology.

Based on the feedback we get from customers and our own market discovery work, we believe there is a path to scale the business faster through our product. We are seeing more frequent and stronger signs of product-market-fit and therefore, we plan to continue investing in our technology to get us there.

One big challenge we face is that B2B enterprise sales cycles are long. Much longer than we expected. We’ve found that company leaders can absolutely love our product but since there is no line-item in their budget, we have to wait until the next budget cycle to get approved which may take a full year. This puts a strain on cash flow for a small company like us. Bottom line is that we have to find ways to shorten the sales cycle by providing more value through our product resulting in it being considered a ‘must-have’ for the the customer.

It is a strange feeling that can only be summed up as being part of the life of a startup when you have the sheer excitement of that feeling in your gut that you are on to something really big, all the while feeling a burning on the back of your neck from the pressure knowing that the clock is ticking and you have no choice but to fight like hell every day to survive.

Here is to kicking some ass and breaking glass in 2015!

What I Learned from a Group of 6th Graders

Before my Grandpa passed away, he taught me two things. One, be a person of action and two, do things bigger than yourself. With this sprit in mind, I recently volunteered for Junior Achievement, located in the Chick-fil-A Foundation Discovery Center at the Georgia World Congress Center in downtown Atlanta.

I was absolutely blown a way with the JA BizTown setup. The gist of it is students applying and getting jobs with Atlanta based companies and having to run a business successfully. Each student earns a paycheck which they use to buy their own lunch and go shopping. It’s basically a mini economy that comes to life for one day for each group of students. Students learn the basics about what it’s like to earn a paycheck, manage to a budget, and try to earn a profit.

There were a few eye-opening moments when the students realized that they had to buy their own lunch for the first time or when they saw taxes taken out of their own paycheck.

Here is a link to a short video that highlights the experience:

I was assigned a group of students who were going to work at RockTenn for the day. There were certain suggested products and services that we could sell but it was encouraged to be creative about how to attract other students to come to our store to spend their paychecks.

Cooleaf_at_RockTenn_Store with_JA

The big hit was not on the script at all. My group found a sliding door in the back of the store. They came up with a plan to charge other students to be able to see what was in the ‘secret room’. They then hid in the room and would jump out to scare students who paid to see the room. The results were that kids would yell out a scream that generated a bunch of buzz and curiosity from other students to see what was in the ‘secret room’. Before too long, we had a line of students waiting to get their turn to see the room and what all the commotion was about.

I would have never thought to come up with this plan but it worked. It made me realize that my group of 6th graders were easily able to come up with this plan because well, they think like other 6th graders.

So often I find myself sending an e-mail or having a conversation with a prospect without really putting myself in their shoes and understanding their specific interest or problem. Moving forward, I’m going to take the time to ask myself with each prospect, why they should take the time to speak with me and why should they care what I have to say. I will try to better understand my prospects and try to think like them.

This simple lesson stuck with me and I owe it to a group of 6th graders who brought to light something so simple but so powerful at the same time; the importance to think like your customers!

The One Thing That Matters Most When Growing a Company

There are so many lessons that I’ve learned about what really matters and what to focus on when growing a company but I’ve realized that for me, above everything else, it’s having my wife by my side. Starting and growing a company is like riding a roller coaster with many ups and downs. It’s been really important for me to have my now wife (as I recently got married), to be there with me during the hard times to help pick me up and also there with me to celebrate the good times.

Here are a few practical reasons that being in a relationship with someone you really care about can help you grow your company.

  • Focus – let’s face it, when you’re single there are more temptations. You end up going out more and drinking/parting more which can be a big distraction. I’m not saying that an entrepreneur should not have fun but there is a difference between having a good time and letting the good times have you.
  • Drive – when you have to provide for others such as your spouse, it creates a tremendous spark under you to be successful because you know that others are counting on you for their future. This is a big responsibility and one that can’t be taken lightly. I will do anything to protect my family and now that means doing anything and everything I can to grow my company because that is how I will fulfill the hopes and dreams that my wife and I have for growing our own family.
  • Purpose – I believe that doing something of meaning that is beyond yourself, gives you a sense of purpose. This may be what your company stands for in terms of your mission and vision. But beyond the company, I believe there is no greater feeling than knowing that the work that you are doing gives you the ability to make someone you care for happy. In return, they will give you the confidence that you need to carry through the inevitable hard times that comes with starting a company.

Without a doubt, I’m in the camp of having a strong teammate on your side that knows how much you care about your work. It’s important to establish the expectations that your work is a major part of your life and will require sacrifices in terms of your time and money. If you find someone willing to take that journey with you, I believe that the best thing you can do is everything in your power to take care of them and make them happy.

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Management Innovation – Using Agile with Non-Development Teams

I recently participated in a leadership event hosted by the Atlanta Tech Village where a group of startup company leaders along with leaders from fortune 500 companies met to discuss how they use Agile Methodology  in their organizations. At this event I got a chance to speak with Tami McQueen, Marketing Director at Salesloft.

Tami spoke to the group about how she used an Agile Methodology to manage her marketing team. This came as  surprise to me because I was familiar with using Agile only in product development.  I later met with her to go in detail about how she managed her team.

Each week, her marketing team organizes a Sprint. They use a tool called, Trello to manage this process. Each unit of work gets a card created to track it where a point value and owner is assigned. The point value is based on the amount of time estimated to complete the task. They assign cards with point values of 1 being about an hour or less of work, 3 being a couple hours task, and a 5 being a mini project requiring approx. a half day of work.

Each week there is a Sprint planning meeting where all the work for that week is organized into cards and assigned points and a team member who takes ownership to compete the task. Each team member is given a specific number of points for their workload. They use 30 points per team member but this is something that may vary by the team and type of work. Each morning there is a short Scrum meeting to check-in on the tasks and communicate priorities for the day. There are goals set for the team to be able to successfully complete consecutive Sprints, meaning all work that the team committed to getting done was completed.

The success that Tami had with using an Agile Methodology for her marketing team inspired me to adopt this process for our team at Cooleaf. I decided to impelment this process for our team to manage the Account Management work that we do on a weekly basis. Our Sprint is summarized in the picture below. We just started using this process so I will write a post in the future about our results and lessons learned. I do believe that Agile can be used beyond development teams and I’m looking forward to seeing what we can do.

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Don’t Ever Let An Entrepreneur Complain

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Being an entrepreneur is hard. Very hard. There have been days when my confidence was shaken and I questioned why I was pouring my heart, sweat, and money into a business that I didn’t know the future of.

However, when I take a step back and think about how I’m investing my time, there is nothing else I’d rather be doing. There is something very special about creating things that have never been created before. Being an entrepreneur means that you absolutely stick your neck out by taking risks, but having the opportunity to blaze your own trail is something rare that a person may only have a few times in their life.

This Thanksgiving I thought about where I sit in my career and the decisions I’ve made. I will be the first to tell you that I would do a lot of things different, but that is based on lessons learned as an entrepreneur. I’ve learned so much about how to start and grow a company. I can honestly tell you that I love what I do and feel that I have an opportunity to change the world which makes me feel that every day matters.

This is the special feeling that I think only an entrepreneur has, which is why I think that you should remind any complaining entrepreneur that they hold a great opportunity in their hands and that is something special.