Posts Tagged ‘hunt for opportunities’

There Are No Shortages of Business Opportunities

Monday, February 15th, 2010

The trick is learning how to change your vision to see opportunities instead of just challenges, failures and hard times.

Great companies didn’t waste a minute complaining about the recession. They saw things had changed, regrouped and rebuilt a new strategy for a changed world. They said to their employees, “We need more ideas – keep the ideas coming.”

These companies have learned to be optimistic – they see challenge as a good thing – as an opportunity to improve and invent. They are not afraid of change. They know their strengths and play to them. They rely on their employees and customers to feed them meaningful information; they stay connected to their world to know the facts. They use this information to constantly create opportunities to be successful. It is how they run their businesses.

I have been traveling a lot lately working with trade associations and companies to help them relearn how to hunt for opportunities. In good times, you hunt less effectively – you hunt better when you are hungry. Today’s recession is a great time to relearn how to think more cleverly about your business.

So over the next couple of weeks, I’ll share some of my coaching and insights.

I have assembled recommendations in a new on-line download titled The Hunt for Opportunities Success Manual. You can find it in the products section of www.LiveFiredUp.com. Also, I have added the Hunt for Opportunities link to provide information, articles, an idea center and other resources to relearn how to find, create and implement high-value opportunities, regardless of the economy. Great for you and for your employees.

Next Tuesday, I’ll present one of the steps – how to assess your company strategically – so you can play to your strengths. This is the source of some of your greatest opportunities.

Until then, check out the Hunt for Opportunities link and help your employees focus on seeing opportunities to be successful instead of dwelling on the difficulty of a challenging economy. Happy Hunting.

Opportunity Hunters

Monday, February 1st, 2010

Here’s a situation for you: One of your great employees received an offer from another company – a job that is a better fit for the employee. The employee is sad to leave you but is very excited about the new opportunity. He gives you two weeks notice.

You have just been confronted with an opportunity. Most organizations will complain and lament the loss, feeling betrayed. Some actually usher the employee out on the spot. But great organizations applaud the employee for his good fortune and use the event to develop ways to be better – they hunt for opportunities.

So back to our situation: here is one potential action to take and the opportunities that could result. The point is to develop a positive outlook and a commitment to finding opportunities for success in each event – whether the event initially appears to be favorable or unfavorable.

Action:
o Review the organization for a suitable replacement, focusing on fit and value creation.
Expanded value opportunities:
o Have remaining employees suggest ways to handle departing employee’s work without replacing the employee.
o Use the occasion to develop a talent and skill summary for each role, to improve the ability to hire the right employee based on performance and fit.
o Have remaining employees review their networks to identify viable candidates who exhibit the required talents and skills.
o Use the occasion to develop a hiring section of the company website, and give current employees the requirement to make it effective.
o Reassess all employees to determine best fit. Use the employee’s departure as a time to realign employees to better roles.

A departure of a good employee creates many opportunities. So do many of the things that happen in your business day. Get good at looking for ways to add greater value – at becoming opportunity hunters. To learn see my Hunt for Opportunities link; it includes articles, the new Hunt for Opportunities Success Manual, the opportunity card and idea center. Today, you need every employee to constantly hunt for, find and implement opportunities.

Managers and Employees: Go Hunting for Opportunities

Sunday, October 11th, 2009

Point of View Monday

In today’s down economy, most companies live in a state of cynicism, negativism and surrender. They throw up their hands because the world has changed and they now see their formula for success is outdated – and they are fresh out of ideas (opportunities) to turn things around.

And then there are the great survivors – the great companies that understand change is a constant in life; they know their business must constantly change to be relevant in today’s world. They stay connected to know what is going on in their world; they continually activate their employees to generate ideas and opportunities to respond to the world as they find it. They are nimble, flexible and responsive. They are innovators, creators and opportunity hunters. They see the change the world brings as providing the ability to discuss and invent ways to be more profitable, more relevant, more talented and more value-based. These companies have a partnership between management and employees; they each have a role in hunting for and finding opportunities to grow the business in any economy.

Managers – it is up to you to create a powerful opportunity-focused workplace culture; your workplace attitude must inspire all employees to contribute in the process of identifying and inventing opportunities to create more effective operations, improve service levels and innovate new products and services. Great managers stay in constant contact with employees and customers because employees and customers each have great information about the world and what drives value. Great managers use dialog, discussion and connection to stay informed and use employees and customers as their eyes and ears and as idea generators; they build a culture around the easy and open exchange of information and discussion of ideas.

Employees – when you pack your lunch, pack your brain, energy and enthusiasm. To stand out in the workplace, you must be connected to your workplace. Know the mission, goals and value of your business. Know your world by staying connected to your networks and news sources. Then compare the needs and value offerings of your company to what you know of your world, and offer suggestions for business opportunities: make improvements in operations, efficiencies or greater value-based products. Find better ways of connecting with customers and creating value. See what others do. Share what you know. Ask questions. Bring news to your managers’ attention. Own your share of hunting for opportunities.

Today’s pace of change is too significant for managers to create a successful business without the full assistance of his/her employees. It is critical that all employees not only stay connected to their worlds, but to bring what they know to the workplace. At the same time, employees will feel compelled to share and invent when management creates a strong employee-focused workplace, that trusts, values and respects employees; one that inspires each employee to contribute his/her best each day. Then and only then will you have an organization that is ready to hunt for and find value-based opportunities. And once the hunt starts, you’ll see that a down economy has unlimited opportunities – it just requires some instruction and the contribution of highly engaged employees to see things others do not see. Be on the constant hunt for opportunities – in any economy – it is the source of your continued success.