Category Archives: Personal Improvement

Stop Procrastinating

Here’s how you schedule time to get things done. Let’s say you want to write an article or position paper.

1. Choose the audience you seek to influence, probably those most appropriate for your value proposition. (5 minutes) [Bank lending officers]

2. Choose a topic that will be provocative and timely. (10 minutes) [Identifying the best candidate for safe loans and repeat business]

3. Choose a working title, not something for all the ages. (5 minutes) [Behind the Interview: The Prospect Within]

4. Select 4-6 key points. (10 minutes) [1. The lessons in the first greeting; 2. How to assess behaviors in an interview; 3. The key questions to ask to appraise the business proposition; 4. The key questions you want to be asked.]

5. Write an edgy opening paragraph. (10 minutes) [Why do lending interviews reveal so little about the customer and so much about our own fears? If the objective is to increase business, then we should first increase our own probabilities of identifying and welcoming high potential prospects. That's not usually done with a shaky wooden chair and a bare lightbulb overhead.]

6. Write about each of your points, making sure to include your rationale, an example so that it’s not merely conceptual, and a graphic if it helps explain the point. (20 minutes per point)

7. Write a closing that’s a call to action. (10 minutes). [The next time prospects walk into your office, invite them to sit in a comfortable chair, offer them some refreshments, and remind yourself that they represent opportunity, not threat. Ask yourself how they might speak positively of the experience, no matter what your ultimate decision. That, alone, might increase your business more than you can imagine.]

8. Reassess the title to see if you want to now adjust it. (5 minutes) [The Human Banker—Stepping Out from Behind the Green Curtain]

That entire process above, with six points, requires about two hours. Spread it over four days, and it’s a half-hour a day. Put that in your calendar at 10:30 each morning, and don’t change it, no matter what.

That’s how you get work out. I’ve probably taken a week off the process above for most of you! Stop fooling around, discretionary time is wealth, and you are eroding yours.

© Alan Weiss 2012. All rights reserved.

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The “Next Level”

There are certain words and phrases that, while originally well intentioned, have become hackneyed and trite. “Have a nice day,” “meaningful,” “impactful,” and “good to great” all come to mind.

I’m not merely fossicking here, because “We want to go to the next level” has become one of those tendentious phrases that seems to mean so much but results in so little.

Whether that “next level” is financial (which it usually is), or competence, or repute, or anything else, I’ve found that it’s less a matter of action than one of thought. That’s because you seldom reach new heights by merely doing more of the same of what you’re doing now. You have to change your mindset and thought patterns if you truly want to metamorphose into a new being.

Fortunately, that’s not physically difficult—there are neither cocoons nor hibernations required. Unfortunately, it can be quire difficult mentally, because different frames of reference and perspective are required.

Earlier today a woman wrote to ask exactly where in Los Angeles my June workshop would be, since that would depend whether she would go. (This is a workshop that would normally cost at least $1000, but I’m doing for $100!) Upon investigation, I find that her days are totally filled, primarily because she is “selling all day” and feels obligated to run at 4:30 or so in the morning. If you’re in a rut that doesn’t allow you the time to explore how to leave the rut, guess where you’ll remain? (Hint: Not on the next level.) This is why doctors who schedule back-to-back patients every day all week can’t improve their practices.

Here is some quick help:

  1. Who are you? How do you define yourself? Are you a consultant, or are you someone who dramatically improves sales results or ensures strategic goals are exceeded?
  2. What do you do? Do you “coach” or “consult” or “facilitate”? Or do you improve your clients and help them reach results unattainable without you?
  3. Why are you doing this? Is it to make money, or to salve your ego, or to implement a methodology you love? Or is it to make a difference in the world and create a legacy?

Look through a telescope, not a microscope. Change your mentality so that you’re thinking big and not constantly stuck on trifles and trivialities. There is a hebetude around people who immerse themselves in the granular and specific. There is an excitement around those who forge new paths and provide new ideas.

If you want to arrive at “the next level,” start aiming for three levels above that.

© Alan Weiss 2012. All rights reserved.

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Physician’s Observation on RESOLVE

Here’s a surgeon’s observation on my approach to RESOLVE:

“Developing resolve translates to the creation of new neural pathways, and then making conscious choices to use the new paths over the old.”

Vicki  Rackner  MD

To view my free video series on RESOLVE, visit here:

http://www.summitconsulting.com/resolve/

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Free Video Series on “RESOLVE”

People often fail to achieve goals because they don’t “run through the tape,” don’t have the wherewithal to get past the finish line. What I call “resolve” is beyond accountability, beyond priorities, beyond discipline.

I’ve created four free videos for anyone interested. Simply go to this page and you can watch my introduction to the four and arrange to receive one every two days. In about a week and perhaps 30 minutes, gain “resolve”!

http://www.summitconsulting.com/resolve/

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The Consulting Bible Reviewed by Project Management Institute

Book Review: The Consulting Bible – Everything you Need to Know to Create and Expand a Seven Figure Consulting Practice
Author: Alan Weiss Ph.D.
Reviewer: Richard Sachs, PMP, MCPM
Dr. Alan Weiss adds this recent book to his extensive publishing career of over 40 books and more than 500 articles. The CONSULTING BIBLE, has some biblical analogies as it is divided into five sections: Section 1 Genesis: Consulting as a Profession; Section II Exodus: Consulting as a business, Section III Deuteronomy: Consulting Methodology, Section IV Acts of the Apostles: Implementing Consulting Methodologies, Section V Proverbs, Consulting Success. The author adds in ‘lessons learned’ or tips under the caption of “The Gospel” throughout each chapter and section when he wants the reader to pay attention to special information. I counted over 50 of these tips and the reader could create a compendium of these for quick reference as I found them valuable: Here are just three examples: “The only time an alliance makes sense is when there is money on the table”; “Everyone can write. Writer’s block is merely a clever term for procrastination. But not everyone has something to say. That’s a key differentiator”; “You must accept rejection and reject acceptance. This is a relationship business and you will not always be successful. But do not align yourself with those who can’t say ‘yes’ but can say ‘no’ “. This last “Gospel” is one pitfall everyone should consider carefully when being asked to prepare a proposal.
The book reads easily and Weiss communicates as if he was giving a presentation. He uses many techniques to move the reader through his thesis. That thesis is that wealth is discretionary time and not money and building a practice to give one the freedom is the goal. There are Case Studies from Weiss’ personal and extensive consulting career. Truth is stranger than fiction and Weiss captures some humorous client situations stating that “you can’t make this stuff up”. Weiss creates many applied consulting terms and illustrations and shares these throughout the book. His concepts include- The Consulting Model, The Accelerant Curve; Market Gravity Wheel and The Market Value Bell Curve. These are designed to foster new thinking by the consultant in how he/she models their business to achieve growth. His experience is as a sole practitioner and his goal is to expand your capability and income as a one person consulting practice or small boutique firm. Weiss makes light of those that would criticize his approach as not scalable to the medium or large consulting firm- but that is not his market.
The Consulting Bible at 265 pages provides some strong sales tools(obtaining referrals) as well as real tactical insights into pricing services, charging retainers and finding the best clients which by the way have a mutual respect for the consultant they engage. The consultant is sometimes his own worst enemy by taking on work and services that he or she will not be paid for. “Scope Seep” which Weiss adds, is “the most invidious and potentially damaging aspect of consulting… (it is) when the consultant without impetus or request from the client, enlarges the project unilaterally without changing the proposal, agreement or fees”. Some readers may find this familiar territory and Weiss provides some clear advice on the subject of roles, responsibilities and self-management.
Disengaging is a chapter that I especially found thought provoking. You don’t necessarily have to leave the client but your project when coming to an end requires an endorsement that the improvement your client was seeking as a condition of the assignment was achieved. As a consultant, either the results were achieved or will require more time, but disengagement is necessary so that you can “maximize the chances to leverage business internally and externally”. Weiss outlines seven things a consultant should do to enable a positive disengagement. Weiss elaborates on referrals, testimonials and long term leverage. This chapter is highly valuable as any good project manager knows that lessons learned is what builds a strong foundation for organizational project performance. This same thinking, but with a business development consideration, is most illuminating and worth the price of the book.
Weiss ends the book on the subject of giving back. This especially resonates with me as I mentor project management students and put high value on the benefits we both derive in this process of returning to the community. The author goes on to talk about ‘Advancing the state of the Art’ and again I subscribe to the belief that while not everyone can add to the profession in a substantive way it is often about incremental change that when aggregated actually adds to thought leadership, innovation and service excellence.
I recommend this book to other PMI members who are interested in learning how Alan Weiss has built his multi-million dollar practice with an array of services and offerings that leave his business diversified and capable of growing during various economic cycles. He is a consummate expert on the subject of coaching consultants and has provided the reader with many tools in The Consulting Bible. Enjoy.

Nice review, sent courtesy of Donna Brighton. The Consulting Bible on Amazon is at #18,000 overall, #9 in education and #13 in consulting; by comparison, Million Dollar Consulting is at 22,000 and 16 in consulting (it isn’t in the other category). I have five of the top 20 consulting books at the moment.
Consulting Community of Practice Book Review: The Consulting Bible – Everything you Need to Know to Create and Expand a Seven Figure Consulting Practice
Author: Alan Weiss Ph.D.
Reviewer: Richard Sachs, PMP, MCPM
Dr. Alan Weiss adds this recent book to his extensive publishing career of over 40 books and more than 500 articles. The CONSULTING BIBLE, has some biblical analogies as it is divided into five sections: Section 1 Genesis: Consulting as a Profession; Section II Exodus: Consulting as a business, Section III Deuteronomy: Consulting Methodology, Section IV Acts of the Apostles: Implementing Consulting Methodologies, Section V Proverbs, Consulting Success. The author adds in ‘lessons learned’ or tips under the caption of “The Gospel” throughout each chapter and section when he wants the reader to pay attention to special information. I counted over 50 of these tips and the reader could create a compendium of these for quick reference as I found them valuable: Here are just three examples: “The only time an alliance makes sense is when there is money on the table”; “Everyone can write. Writer’s block is merely a clever term for procrastination. But not everyone has something to say. That’s a key differentiator”; “You must accept rejection and reject acceptance. This is a relationship business and you will not always be successful. But do not align yourself with those who can’t say ‘yes’ but can say ‘no’ “. This last “Gospel” is one pitfall everyone should consider carefully when being asked to prepare a proposal.
The book reads easily and Weiss communicates as if he was giving a presentation. He uses many techniques to move the reader through his thesis. That thesis is that wealth is discretionary time and not money and building a practice to give one the freedom is the goal. There are Case Studies from Weiss’ personal and extensive consulting career. Truth is stranger than fiction and Weiss captures some humorous client situations stating that “you can’t make this stuff up”. Weiss creates many applied consulting terms and illustrations and shares these throughout the book. His concepts include- The Consulting Model, The Accelerant Curve; Market Gravity Wheel and The Market Value Bell Curve. These are designed to foster new thinking by the consultant in how he/she models their business to achieve growth. His experience is as a sole practitioner and his goal is to expand your capability and income as a one person consulting practice or small boutique firm. Weiss makes light of those that would criticize his approach as not scalable to the medium or large consulting firm- but that is not his market.
The Consulting Bible at 265 pages provides some strong sales tools(obtaining referrals) as well as real tactical insights into pricing services, charging retainers and finding the best clients which by the way have a mutual respect for the consultant they engage. The consultant is sometimes his own worst enemy by taking on work and services that he or she will not be paid for. “Scope Seep” which Weiss adds, is “the most invidious and potentially damaging aspect of consulting… (it is) when the consultant without impetus or request from the client, enlarges the project unilaterally without changing the proposal, agreement or fees”. Some readers may find this familiar territory and Weiss provides some clear advice on the subject of roles, responsibilities and self-management.
Disengaging is a chapter that I especially found thought provoking. You don’t necessarily have to leave the client but your project when coming to an end requires an endorsement that the improvement your client was seeking as a condition of the assignment was achieved. As a consultant, either the results were achieved or will require more time, but disengagement is necessary so that you can “maximize the chances to leverage business internally and externally”. Weiss outlines seven things a consultant should do to enable a positive disengagement. Weiss elaborates on referrals, testimonials and long term leverage. This chapter is highly valuable as any good project manager knows that lessons learned is what builds a strong foundation for organizational project performance. This same thinking, but with a business development consideration, is most illuminating and worth the price of the book.
Weiss ends the book on the subject of giving back. This especially resonates with me as I mentor project management students and put high value on the benefits we both derive in this process of returning to the community. The author goes on to talk about ‘Advancing the state of the Art’ and again I subscribe to the belief that while not everyone can add to the profession in a substantive way it is often about incremental change that when aggregated actually adds to thought leadership, innovation and service excellence.
I recommend this book to other PMI members who are interested in learning how Alan Weiss has built his multi-million dollar practice with an array of services and offerings that leave his business diversified and capable of growing during various economic cycles. He is a consummate expert on the subject of coaching consultants and has provided the reader with many tools in The Consulting Bible. Enjoy.

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2012 Financial Regimen

I never give financial advice and I don’t pretend to be a financial expert. But I have worked with thousands of solo practitioners and firm owners, and I have learned from my own mistakes. So here are some New Year’s suggestions for a healthy financial regimen.

1. Pay yourself first. Set up a new business account separate from your regular personal and professional accounts. Transfer 10% (choose your own percentage) of EVERY dollar you collect in 2012 into that account. If you close a $150,000 project, transfer $15,000. If you sell $200 worth of products, transfer $20. Try not to touch it except in emergencies (a new car is not an emergency).

2. Fund your retirement plans during the year to their maximums through installments. Figure out what you can contribute to SEP IRAs, IRAs, 401Ks, or whatever else you’re created, and contribute as you go through the year. (Example: If you are confident your personal income will be $160,000 or greater, you can contribute a maximum of 25%, $40,000, to a SEP IRA—and more if you’re over a certain age. That means you should start contributing about $3,000 a month, and try to pay it in the 2012 calendar year, even though you have until April of the following year.)

3. Make a plan to payoff credit card balances the same way. Every month, pay ALL the new charges and then pay at least one-twelfth of the remaining balance. This will decrease interest payments, improve your credit score, and free up credit if you need it in an emergency in the future.

4. Make plans to maximize your TOP LINE revenue. No one grows through cutting expenses. Doing your own monthly financials on software programs instead of hiring a bookkeeper for $250 a month is just ridiculous. Focus on truly growing your business and start thinking BIG.

5. Create “budgets” that you fund for key, planned expenditures: school costs, vacations, house improvements, and so on. Try to fund these monthly, as well. It actually helps to keep them in different accounts.

6. Monitor your spending. There are sites such as Mint.com and apps such as Pageonce Pro than can help if you’d like an automated system that notifies you of bills due, spending deviations, bank charges, and so forth. While I don’t believe in cutting to grow, I have found that some people don’t realize where and how their money is actually being spent.

7. Pay forward. By that I mean this: When you incur a major credit card debt (e.g., you’ve run a meeting, taken in all the revenue, but the hotel balance is $20,000) start writing checks immediately. If you wrote a $10,000 check at the time to, say, Amex, and then the balance when the actual bill arrived, it’s less of a bite and less chance that you’d spend that first $10,000 elsewhere. Better still: If you can, hold revenues from future events in an escrow account and pay the hotel bill at one time from there. (These are also very important if you are forced to cancel and repay all money already received.)

8. Delegate everything you can. Stop doing your own graphics design, slides, software fixes, bookkeeping, taxes, printing, travel reservations, product fulfillment, and so forth. Have others do it, because the money you spend is paid back one-hundred-fold in free time to devote to marketing and raising your top line. (Do you want YOUR clients doing things themselves that you should be hired to do and you can do faster and better than they?)

9. Don’t “play” the market. Put your long-term investments in the care of professionals. Ask for referrals and references from people who are successful to find the financial advisors who are best for your situation and philosophy. Never accept financial advice from anyone who is also selling a product (insurance, securities, and so on), because their product will always be the “answer.” Just pay for advice or the management fee. Remember that the idea in life is not to make money, but to create value and help people. As George Merck said, “Do good and good will follow.”

© Alan Weiss 2011. All rights reserved.

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Of Geese and Gulls

I was driving by a well-manicured expanse of lawn covering perhaps six acres. In one spot, about 150 gulls were sitting on the grass in a large cohesive group, conducting a meeting on the drizzly morning. Just a few yards away, about 100 geese were holding court. Apparently, the Avian Aviation Authority had grounded all flights due to weather.

There were no gulls among the geese, no geese among the gulls. Neither ruffled the feathers of the other, but there was no interaction whatsoever. They each stuck to their own kind.

Too often people do the same. We stick with people who look like we do, think like we do, dress like we do, comport themselves like we do. I remember the New Yorker cartoon in which a man behind a desk talks to a job candidate on the other side of the desk who looks exactly like him and says, “I don’t know what it is about you, but I really like you!”

Yet we are sentient creatures, and our DNA does not require that we all look alike and act alike and congregate as one. We have free will, and our futures are mainly in our own hands, our daily behaviors totally within our own purview.

A Fortune 100 client once assured me, while hiring me to look into their diversity practices, that I would wind up using them as a model of diversity and inclusion. Yet when I walked into the massive cafeteria to look around at lunch, I saw all the gulls, geese, blue jays, robins, and sparrows—clustered together in their own groups.

Too many trade and professional associations appear to be birds of a feather—the same people saying the same things in the same way. There are no divergent opinions sought, no provocation, no exploration. I once facilitated a group of high-powered, male, insurance executives from 24 different firms. Every one had on a blue or grey suit, a red or blue tie, and wing-tips; all had hair that was grey, white, and/or balding. The topic was innovation, and why the insurance industry seemed to lag behind.

“Look around,” I advised.

With whom are you hanging out? At meetings, might you as well be peering into a mirror? Does anyone around you provoke, confront, upset, push back, or find irony? Are you walking away energized or merely content, agitated or merely reaffirmed?

My money is with the gulls. The geese fly in formation. The gulls fight for food. To me, all geese look alike. But the gulls have diverse colors and markings if you look closely.

The problem is that I shouldn’t have to look too closely at you to tell you’re your own person.

© Alan Weiss 2011. All rights reserved.

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Thought Leadership Workshop and Meg Wheatley

Meg Wheatley is my featured guest at the Third Annual Thought Leadership Workshop in October at the Ritz-Carlton in Naples (http://summitconsulting.com/seminars/the-thought-leadership-symposium-2012-10.php). She was recently interviewed on leadership in a piece you can access here:

http://www.strategy-business.com/article/11406?gko=15f1d&cid=TL20111215

If you want to reach new heights in your professional development, you can’t afford to bypass these opportunities to spend intimate time with the top people in their fields. She follows Marshall Goldsmith and David Maister in my series with the best and the brightest.

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Third Annual Thought Leadership Conference

Click here to register now.

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A Full House Beats Three Kings

Not long out of college, when the tradition was for everyone to get a job, get married, and get a house, many peers were talking of the benefits of a finished basement. The problem was, I heard “Finnish basement,” and never having owned a house, figured that this was a sophisticated Nordic feature, akin to a sauna or ice fishing.

Fortunately, the pronunciation was close enough so that I didn’t embarrass myself and everyone assumed I was not as abysmally dumb as I was about this.

Prior to this, I was the beneficiary of a classical liberal arts education at Rutgers, and our “western civilization” professor spent a great deal of time on “The Sun King,” France’s Louis XIV. “Fourteenth” in French is Quatorze and our professor often called him Louis Quatorze or “Le Roi Soleil.”

Near the end of the semester, a guy across from me asked, “Which of the three kings is he going to focus on in the final?” I told him he had better study all of them.

We create these inadvertent falsifications all too frequently. We believe what a disaffected employee tells us about a client without applying our observations to validate the claim. We accept “projection” by others: “You’ll never be able to get to see her,” or “You’ll never be able to ski that mountain.” For years I had heard that the CEO of Merck at the time, Roy Vagelos, was a tyrant. But when I sat in meetings with him I found him to be a tough but very fair leader, who listened to reason and changed his mind when presented with factual arguments.

This phenomenon is stimulated by laziness—it’s easier to accept comments than to take the time to check them out. I’ve heard people admit they rush over words they don’t know, guessing at the meaning, rather than simply tapping the iPad screen and generating an instant definition. I fell off a chair when a consultant, asked for comment on a client initiative, said that he found it “meretricious.” (Definition: Of or relating to a prostitute.)

If you don’t know, ask. If you’re not sure, test. If you’re unfamiliar, admit it.

Otherwise, you may just retreat to your office to get some work done only to find three guys in your sauna.

© Alan Weiss 2011. All rights reserved.

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