3 Ways Validation Can Increase Your Profits

Many people have watched this wonderful short-film on validation.  (If you haven’t taken the time before, it’s worth the 16 minutes.  If you have seen it before, it’s still work the reminder.)

It seems nice in theory and in the end, the guy does get the girl, but can this simple technique do anything to increase the profits of your business?

There are at least three ways in which your bottom line can benefit from this small yet extremely powerful gesture.

  1. Employees will give more of themselves – Most employers don’t get the full benefit of the employees talent, intellect or energy.  After all, it’s not their business, just their job.  As long as the company is doing reasonably well, they are going to get the same pay (okay, some may be bonuses, but stick with me here for a moment) regardless of whether they go above and beyond.  They don’t have to be passionate to be successful employees – only very competent.
    If, however, you began to validate your employees, you are much more likely to ignite their passion for your business.  When people are passionate, they think about ways to do things better, more efficiently, and more profitably.  They go the extra mile without being asked.  While it’s not their company, validation can cause them to begin to think, act, and care like owners of the business. Imagine the benefits of having a culture where everyone had total commitment to the success of the company.  Costs would certainly go down and revenue would have to increase.
  2. Customer loyalty will soar -The old adage “People don’t care how much you know until they know how much you care” is applicable here.  Validation can be a significant product or service differentiator that will not only keep your customer coming back but have them skipping the process of shopping around.  Trusts increases when a person feels they are remembered, listened too, and engaged with in an authentic manner.  Not only will they be loyal, but your customers are more likely to make referrals.  Less customer turnover and more word-of-mouth advertising equals higher profits.
  3. Your commitment to business growth will increase - There is a well known poem, Our Deepest Fear, by Marianne Williamson, that suggest that our deepest fear is success. That could very well be true for business owners.  If you aren’t really enjoying the whole process of owning and running your own business (and who really enjoys every aspect) the thought of lot’s more of it could subconsciously be holding you back from phenomenal success.  Validation not only makes other people feel good about you, it makes you feel good about you and all of your relationships.  It’s much easier to have higher levels of passion when you enjoy your work environment.  More passion means you will have less hidden resistance to doing the hard work of continuously growing your business and increasing its profits.

While the Validation movie takes things to the extreme, the lines were longer in the parking garage where validation was happening than in the mall stores.  Too bad he didn’t have anything to sell.

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Book Highlight: The How of Wow

Cover of "The How of WOW: A Guide to Givi...

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Great speech-making skills are not only beneficial to those who must get in front of large audiences on a regular basis. The advice provided by communications expert Tony Carlson can benefit anyone who feels they have something important to communicate.

In the The How of WOW: A Guide to Giving a Speech That Will Positively Blow ‘Em Away, author Tony Carlson shares his tips on delivering effective speeches that get the attention, empathy, and respect from any audience. He covers techniques that allow one to build a bigger and better stage presence and make create a memorable experience. As a communication expert, his advice on body language, creating hooks, advancing the room, and getting media coverage are primarily directed toward those who have an opportunity to deliver public speeches to sizable audiences.

However, the benefits of being an effective speechmaker are more broadly applicable to anyone who wants to effectively communicate a message to another person. One of the primary benefits from developing effective presentation skills is that personal brands are build not only through your actions, but also through communication.

Effective communication can position you as an expert in your field or area of interest and it helps you establish a name for yourself that people will both know and respect. A worthy goal from most communication encounters is to have the person or people with whom you are speaking remember you in a positive way and remember your headline in a positive way.

This is true whether you are delivering a speech to hundreds of people, are making a presentation to your clients, are having a conversation with your boss, or have a chance meeting with a potential investor in your business. In a personal sense, conversations with friends, spouses, and children could also benefit from the advice shared by Carlson.

The focus on the audience is a tip shared that diverges from much of the traditional speechmaking advice. There are three elements required for communication:

  1. Information or data that needs to be communicated,
  2. A person to do the transmission of the information, and
  3. A person to receive the information. Often, the focus is primarily paid to just the first two elements – what needs to be said and how is it best shared.

Carlson suggests that by considering the end goal at the beginning, communication will be much more effective. The starting question should be less around what you want to share and more focused on what you want the audience to believe or do. This shift in focus automatically works to improve the effectiveness of your communication because all of the delivery tactics you select will be geared towards your understanding of the audience and your desired outcome.

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The Value of Books as Mentors

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Since I have recently been asked to serve in two new board leadership positions, I have decided to brush up on my leadership skills. I have starting reading John Maxwell’s The 21 Most Powerful Minutes in a Leader’s Day which has a series of daily lessons and thoughts on leadership. On the second day, the thought for the day talks about mentors.

It has long been advised to anyone who wishes to be successful that having a mentor was critical. Well, my experience has been that having a mentor is also very much a luxury. With the globalization of business and increasing demands on everyone’s time, it is becoming increasing difficult for everyone who desires a mentor to find one who is willing and able to spend the amount of time historically invested in mentoring to ensure the success of the next generation. Additionally, the more successful one becomes, the fewer the number of people there are that are more senior and experienced. Does this mean that mentoring is only available to the few lucky ones and that it stops once a certain level of achievement has been reached? Most certainly not.

Fortunately, successful people have been sharing their experiences, both their failures and successes, through books for years. If used correctly, these books can provide a wide range of mentors on any area of your professional and personal life you could possibly imagine. The world’s most successful people in business, finance, real estate, marketing, sales, politics, families, religion, sports, cooking, child rearing, personal development, public speaking, etc., etc., etc., have given us access to all of their decades of learning. This is a valuable treasure that we should learn to mine.

The obvious first step is to become a prolific reader. Yet that is not enough. We have to spend time determining what portions of the materials apply to us and how we intend to apply the learnings. Just as it doesn’t make much sense to have a live mentor with whom you meet on a regular basis only to ignore everything they say, it doesn’t make much sense to spend time reading the books filled with a much wider range of information that could possible be provided by one individual only to ignore it.

The success of time spent with mentors, whether live or via the written word, is measured by the impact that it has on your life. Take the extra steps to ensure you get and adequate return on your time.

Have a powerful day!

Cecilia

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