Tag Archives: personal growth

Is Greed Good? | A Look at Business Vision and Profit

Originally posted at Pro/Vision Coaching.

As our friend Gordon Gekko once pointed out, “Greed is good.” It is the oil that keeps the economic machine running, the grease that lubricates our free market, and the sludge that is produced from our toxic waste sites. I contend to you, how good is greed?

http://www.youtube.com/watch?v=PF_iorX_MAw

Our free market economic system relies on one very simple premise: supply vs. demand. Without demand, there would be no reason for supply. Without supply, demand would rise so high that even reasonable adults would transform into raving lunatics running on pure bloodlust for the next Tickle-Me-Elmo. Welcome to the holidays.

“After Target decreed that Black Friday would start at midnight Thanksgiving night and that employees must report to work at 11 p.m., an Omaha worker, Anthony Hardwick, posted a petition at Change.org asking the company to move the official start of Christmas shopping back to 5 a.m. Friday. Response from workers and others has been stellar: 192,000 signatures by Monday.” CNN.com

Each year we have watched these stores open earlier and earlier, tempting shoppers with great deals at horrible hours. It’s simple (and good business): this time of year there is an inherent rise in demand for the holidays. Because of that rise in demand, supply becomes in danger. Small stores cannot keep supply on the shelves and the wholesale market caters to those who can continue to keep demand on the rise. Big-box stores such as Target and Walmart have the infrastructure to handle holiday demand, keeping a relatively decent supply of products on their shelves for the shoppers. Obviously they want to sell more than other stores, so they compete with each other; if Target opens at 4am, Best Buy will open at 3.

The people that stand to be hurt are the employees, all of whom have significant gripes against their big-box employer (see americanrightsatwork.org to see examples of offenses). Not only do people have to be there during open hours, but stocking, delivery, preparation and clean-up work are needed also. Can you imagine shopping in a Target ravished by holiday shoppers with no clean-up? Not fun. Truth be told, though, in this instance, the stores are only responding to the public. If no one shows up to go shopping at 2am, do you think Target would remain open at that hour? No.

Thus, the question remains. Who is to blame? Is it the big-box stores? Is it ourselves? Is it a flawed economic system? Is it Cap’n Crunch’s? Gordon Gekko was right. Greed IS good – at least to a point. Greed is the emotion that pushes us to be the best doctors, inventors, teachers, producers, etc… in a free market economy. This is based on the simple principle of competition. I want a better life and to reach it must do better than others. Good business coaching focuses on this – VISION. This can be a good thing, because in order to reach that, we need the help and cooperation of other people. Thus, the “if you profit, then I can profit” ideal was born. As communal greed grows, life grows. It builds cities, national parks and green energy.

This philosophy fails when restraint dies, giving us no control over our material desires. Greed without restraint pushes us to dangerous ends that destroy others and search for our good at the cost of others as opposed to the good of all. It is this mentality that leads to corruption and is the cause of many of the symptoms our economy currently faces. When we look to help ourselves with the point of doing it at someone else’s expense, we cross the line. That greed does not rebuild our economy.

Maybe the best lesson this holiday season is a classic proverb that can help us look at things from a different approach. “It is better to give than to receive.” If we all give, then we all will receive; if you profit, then I can profit. After all, I would want my children to receive the best education possible so they have the opportunity to reach their potential. If I keep cutting the wages of our teachers, then I am not promoting good greed that grows a community (and my children’s future), I am just being selfish.

Selfishness is not vision. Vision for a better life for yourself and others is a great thing and the ultimate description of profit.

Gotta Love the Quick Fix | Business Problems and Easy Solutions

Originally posted at Pro/Vision Coaching.

I vaguely remember an old movie starring Michael J. Fox and James Woods entitled “The Hard Way”. I couldn’t tell you what it was about or even why I saw it, other than I assume it has something to do with doing something in a more difficult fashion. I certainly prefer doing things the easy way, and that is one of the main reasons why I love duct tape.

“Iowa Chrome”, as many call it is a tape that can hold virtually anything together. Originally designed for duct work, its main purpose was to hold the metal ducts together against heat and sometimes even water. For a roll of tape, that’s pretty impressive! The mid-nineties witnessed the rise of duct tape pop-culture, a fashion statement that included designer duct tape suits. I once made a wallet out of the beloved material, though I regrettably never used it. It is just so simple – one roll of tape that can fix basically anything – who wouldn’t want to use it for everything?

Most people did. It became such a popular household tool, that sales have consistently risen over the years, and, according to a recent article about a spike in sales due to Hurricane Irene, proves that Americans will pretty much use duct tape for anything. Why?

According to Florence and the Machine, duct tape is simply the quick and easy solution to life’s problems, and causes situations when not readily available. “I got in a lot of trouble from my stepfather for using his duct tape, to tape up my school skirt. So the inside of my skirt was done up with electrical tape. I always find in daily life, it’s like, don’t you kind of make your own uniforms in a sense. It’s really weird.” Duct tape is simply the quick and easy solution to your fix-it needs. This is why Iowans use it so much.

What does this tell us about life? It tells us that we are all about finding the quick and easy fix to our problems. It’s been often said that necessity is the mother of invention and, since the industrial revolution, America has prided itself on its ability to figure out faster, easier solutions to problems. While Eli Whitney was brilliant in figuring out ways to make plantation life easier, the impacting result today is unquenchable desire for the next get rich quick scheme.

Hard work is considered a bad word in many parts of our culture. Even during the recession struggles of the past few years, I personally have witnessed multiple people choose laziness. This shows itself in the business world as well. While I am in no way saying that multi-level marketing is, in and of itself, a scam, it is often marketed as an easy way to get rich quick. “Discover the Hefty New Online Revenue Source To Get Rich And Generate At Least $31,650 Every Month On Complete Autopilot! Now You Can Learn The Step-By-Step Methods This 21-Year Old College Dropout Used To Make Money Fast And Generate His First $1,000,000! The Secret Is Now Revealed To Public” (http://21butrich.com/ – please do not visit this site, used only for “journalistic integrity”).

The truth is getting rich quick doesn’t work. “In an October 15, 2010 [USA Today] article, it was stated that documents of a MLM called Fortune reveal that 30 percent of its representatives make no money and that 54 percent of the remaining 70 percent only make $93 a month”.

Success and financial independence can certainly be earned, but it takes time and hard work. Whether or not you have decided to go the multi-level marketing route, it still takes work – lots of it. There are plenty of people out there helping others reach their vision, business coaches (Yay for shameless plugs!) being a good place to start. However, regardless of how many people you have helping you, there is no way to avoid hard work. If you want to strike it rich, my suggestion is to roll up your sleeves, get your hands dirty, and invent something better than duct tape. Or at least make a bad movie with an aging movie star.

Business Networking 101 | Why High School Games Never End

Originally posted at Pro/Vision Coaching.

Everyone has had the dream at some point. You know what I’m referring to…the original nightmare. You slowly awake to the annoying sound of your alarm clock squawking at you like a chicken only to realize that this was the eighth time you’ve hit the snooze button and have already missed the bus for school. Hurrying as fast as possible, you skip breakfast, managing only to swallow the toothpaste as you crazily brush your teeth, forgo even talking to your parents in an effort to save thirty seconds, then hightail it to school running as fast as you can. Your heart racing, you make it as the bell rings and everyone is pouring out of homeroom, heading off to first period. That’s when you notice that something is different – something that is, for the first time, causing people at the school to notice your existence. But it’s not what you hoped – it’s far worse. You’re naked.

That’s when the real alarm clock goes off and you make sure to get dressed FIRST before even getting out of bed just to make sure that this day goes by just like every other day; with no one noticing. Regardless of your adolescent social status, everyone in high school wanted to blend in, mainly because everyone was dealing with the horror of adolescence itself. If you stuck out from the crowd, you were noticed, which, in our fantasies was a great thing, but the risk that your flaws would be broadcast was too strong; therefore, you chose to blend in, despite the true desire burning a hole in your heart.

We all long for acceptance – in high school it was called popularity. If we were popular, we would be in charge, get invited to all the parties, and soak in the warmth and love you would receive if everyone liked you. The problem was that you could not reach popularity without working your way through the gauntlet of judgment. All the eyes were on you, and many of them looking for ways to bring you down. You had to have the right friends, the right clothes, the right car, the right…everything. The basis for judgment was purely external, and that exterior expectation meant that there were only a few who could afford the trip to the top. I was certainly NOT one of the “lucky” few.

http://www.youtube.com/watch?feature=player_embedded&v=yksOJ29LZvk

The mercy of it all is that high school is temporary (unless you are Drew Barrymore). We all grow up, and even the gearheads learn that there is more to life than what is on the outside. You don’t have to be the craziest or wear the trendiest outfit to be accepted as an adult. The rules, thankfully, have changed – at least in some circles (GQ probably won’t repost this article, and I suspect neither would US Weekly).

Business networking works eerily similar to high school popularity. The most well-known, or the most popular, often achieve the highest levels of success, because in this world, as we all know, it’s not WHAT you know, but WHO you know. That’s why networking is ultimately just like the high school game, but with one major difference. The judgments have changed. While there certainly are a few people who still live by the old rules, you will learn very quickly that they don’t generally succeed in the business world (that’s why you usually run into them at used car lots). Instead of your acceptance in the group being based on outward appearance, you are judged by internal worth.

Your ability to be friendly to people, your willingness to give before receiving, and your efforts in helping other people be successful (and to some extent, decent personal hygiene) are the benchmarks by which you are now judged in the networking world. Can you be my friend regardless of whether or not I buy from you? Can you earnestly seek to help a fellow networker with a referral? Will you try to develop a personal friendship before pushing for business?

Simply put, if you become popular in the world of networking, you can very easily write your ticket for future success, but it won’t happen because of your Armani suit or your stage dancing ability. As Martin Luther King Jr. once dreamed, you will be judged on the content of your character. If you expect to succeed, you better live up to it.

Pro/Vision Coaching, Inc. Partners with IMPACT Professional Management Training | Will Teach Social Media Workshops in Omaha

Originally posted at Pro/Vision Coaching.

Grant Mathey, President of Professional Management Training, Inc. (PMT) has hired Philip Stalnaker at Pro/Vision Coaching to run workshops for his clients. PMT focuses on helping middle to large businesses invest in their employees through continuing education. Wanting to create a partnership with PVC, he saw an opportunity to expand his reach and add expertise on crucial subjects.

Impact

I will be teaching two 3-hour workshops around social media. Developing expertise in social media since 2004, I’ve designed and ran many social media campaigns for numerous industries. I’ve also given lectures and seminars on the Web 2.0 world, as well as basic websites and search engine navigation.

One day, I’ll tell you all my favorite social media story, which centers around a Facebook ad campaign I ran for a small university that was able to reach 1.6 million qualified leads for a grand total of $175.00. You’ll have to come to the workshop for that, though. Listed below are the courses and dates for the social media workshops. Courses will be held at the University of Phoenix building at 132nd and Dodge, Omaha.

Social Media for the Business Professional Running May 4, from 8:30-11:30am, Social Media for the Business Professional is a general overview of the Web 2.0 world. During this 3-hour course, your eyes will be opened to a world of social media few know and understand. You will learn how to navigate this world, find what is most useful to you, and how you can benefit those with whom you connect. You will learn ways to both heighten your own understanding and growth as well as bring profit to your company, helping you to increase your value at your current company. You will hear about the pitfalls, mistakes, and fatal flaws of individuals that have given social media a controversial name, at best. Once finishing the course, you will be able to properly navigate your way through social media, with the confidence to participate in any way you choose along with the wisdom to make smart online decisions. At the end of this course, you will understand:

  • The Web 2.0 world and its breadth of offerings
  • What makes Facebook, Twitter, and LinkedIn different
  • The world of smaller social networking sites
  • How they can help your job/career, as well as profit your company
  • How, if not careful, they can destroy your personal and career paths
  • Proper workplace usage

LinkedIn for the Business Professional Running May 25, from 8:30-11:30am, LinkedIn for the Business Professional takes the ideas of Social Media for the Business Professional and focuses solely on LinkedIn and how it can impact your personal and professional branding. We will discuss how a proper LinkedIn image can help your company as well as yourself, along with how to use it as a valuable business tool – why it should be as accessible to you as your stapler and phone. We will cover what to do and what not to do, helping to ensure that you make wise online decisions with your communication. You will learn the ins and outs of the website itself, giving you a solid understanding for navigating the site yourself and how to get the most out of all its offerings. At the end of this course, you will understand:

  • What makes LinkedIn uniquely different from all other social media sites
  • Whether or not  you should participate
  • How it can help not only your job/career, but also profit your company
  • The difference between the free and paid versions and how to choose what’s right for you
  • Appropriate levels of public communication
  • How to use the site in its fullest extent