Posts tagged - ethics

Why commitment matters

You have to do what you say you are going to do. Period. If you don’t, people you deal with will not trust what you say and probably not bring you their business or deal with you in the future.

Part of commitment is trust. Are you overselling just to get the job? What are the odds that if you do, you have any chance to succeed? The answer is simple, slim to none. And once you lose someone’s trust, all is lost.

This doesn’t mean you always will be able to meet your commitments. Once you know you may have a problem meeting a commitment, Let the other party know right away. Things happen. Reset expectations. It really is a situation where honesty is the best policy. It will earn you respect even if the other party doesn’t like the change in schedule or expectations. They will know you are a straight shooter.

But try not to let it happen often, or you run the risk of having the people you deal with doubt the commitments you make.

An example is that I committed, when I started this blog, not to overwhelm your inbox with emails posts. I believe I have stuck to that.

This is my first blog post in a few months. In Arizona, everything seems to slow down during the summer until early to mid-August, when school starts. By then, a lot of people are back from vacation, focused and ready for a good run to the end of the year.

I hope you have had a great summer! Here is to a productive Fall 2015!

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Why it is time for an annual “checkup” for you and your company

The end of the year is always a good time to take stock of where you are personally and professionally.  This can be checking in with your personal accountant to make sure you have withheld/paid enough taxes during the year or planning for deductions to planning for large corporate expenditures on things such as upcoming projects, planned corporate initiatives or planned equipment purchases.  But the one thing that is a constant is that we all should be doing this.

In the past I have mentioned why it is good to sit down with various professionals you or your company work with just to check-in, be they attorneys, accountants, insurance professionals, financial planners, investment professionals, etc.  The list depends on you and your business.

This does not have to be a formal appointment unless you think that is appropriate depending on the nature of the planned conversation. Instead, it can be you offering to buy them lunch or a drink.  The point is the better the professionals you work with know you, the more they are able to make recommendations aimed to benefit you or your company.

So don’t wait, start making plans today to meet with these people this year, or at least first thing next year. We all are busy this time of year, but if you take these actions it will help you now and in the future.

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Why you shouldn’t put your cell phone on the table at lunch or let it kill your creativity!

Putting your phone on the table at a meal sends the wrong message whether you are dining with someone you are looking to connect or network with, or when you are with your spouse or kids. It is the equivalent of telling whoever you are with that the people who text, email or call you are potentially and likely more important than they are.  If not, why would you leave open the possibility of having your phone interrupt the conversation and meal?

And yes, I acknowledge that phones and other devices have most of us hooked. We all are addicts. You know the feeling or thought: “Yes, I just checked for new emails and texts two minutes ago, but I may have missed one…I just can’t help myself.”

It really is all of us just filling any empty time by checking our phones or other devices. In the past we would have had to do things such as think, daydream, or stare out of the car window.  Now, I have a child who is a teen and barely knows directions because his face is buried in his phone anytime he is in a car.  Observing teens and their friends leads to the conclusion that they do not know how to enjoy a moment of quiet.

I have read what others think we should do. Don’t bring your phone into a business meeting. Turn off your phone at night. Makes rules about its use at the dinner table. Don’t check work email after a certain time. Great ideas, but hard to actually do.

That is why I am trying to follow my new, self-instituted rule of not placing my phone on the table when I am dining with someone.  It may seem like a small step, but you have to start somewhere.  And as a big believer in paying attention to those you are dining with, it definitely makes sense.

If any of you have ideas or rules that work and result in better face to face communication in your offices or homes, I would like to hear about them.

 

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Why you always must be prepared

In my world preparation is everything, whether for trial, a transaction, oral argument or the first meeting with a new client.  In your world there are equivalents where you can win or lose business based on your preparation or lack thereof.

I am heading into a trial in a few weeks and am in the process of preparing. While I think my client has a great chance of success at the trial based on the facts and evidence, I know that my level of preparation can greatly affect those chances and the ultimate outcome.  My goal always is to be as prepared as possible because it not only gives me the best chance for success, but also the best chance to not miss something that can help win the day.

In this situation with the trial my preparation is compensated, but in many situations I am preparing by spending my uncompensated time.  Why?  Because the more prepared you are the better the possible outcome.  If you think you are the only one your potential client, customer, etc. is speaking with, you are being naïve.  And even if they are not talking to someone else, the confidence you instill in them because of your preparation will give you a better opportunity to reach the outcome you seek.

Plus, it can turn those people into your cheerleaders too, which never hurts.

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Appearances Don’t Matter; Never Assume!

We all run into people who appear to be successful.  It can be how they carry themselves, the car they drive, the clothes they wear or the words they say.  Some are. Some aren’t.  Fake it till you make it, the saying goes.

Of course, some of the most successful people won’t look like many of us picture success.  How about Sam Walton driving a pickup truck his whole life despite starting what is arguably the biggest business in America, Walmart?  Or in your world, what about the mechanic with grease under his fingernails?  Maybe he owns a chain of garages. Maybe not. Maybe he owns one garage, but is successful enough to live comfortably or more and that business put his children through college.

That mechanic may be a great client for me or you. He may need help whether from a lawyer, accountant, financial planner, etc.  Maybe he needs your company to help with SEO and boost where he shows up on Google.

If you make assumptions based on appearances you may miss out on a great connection, client, or even making a new friend.  Of course it is not always so easy to know who to speak to first at an event or gathering.  It shouldn’t take too long to figure out whether the person you are speaking to is someone you want to know or not. Look for real substance and true success.

Try to choose wisely, or move on…

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I Can’t Thank You Enough!

Of course, you think, another person telling you to be thankful during the holiday season. Kind of, but not really. You should be thankful for what you have, but year round, not just because it is this time of year. But that is not what I am talking about.

 

This time of year is a good time to remember to show gratitude. Yes, you should do so year round, but it is better late than never, and should be done in both your professional and personal worlds. Lucky enough to have someone clean your home? Some extra money may be sufficient without a card or hand written note (yes, there are still times a hand written note is appropriate), and arguably will be more appreciated than a gift.

But what about the guy or gal who referred you the big lead or client? Arguably shouldn’t be money (think kickbacks!).  Here a hand written note and thoughtful gift is the right idea. Not sure what to get them? You should be because you want to get to know people better who help you succeed and earn your living.

So remember to thank timely and often, and do it throughout the year. If you haven’t lived this way until now, this is a good time of year to start.

And to those of you kind enough to have referred a client to me, provided me with a lead or trusted me enough to connect me to one of your contacts, thank you!! And who knows, you still may be getting that hand written note and a gift…

Happy Holidays!

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Life is a Negotiation so be Prepared

As an attorney my life involves negotiation on a daily basis, professionally. But so does yours. You may negotiate with clients, customers, suppliers, co-workers, spouses or children. Is it for that big sale or to get your kid to do something? It doesn’t matter, prepare.

The preparation may just be thinking about the conversation. Or it may be strategizing with others or conducting role playing scenarios. There are many commentators out there who do a great job on writing about negotiation strategies and issues (For example, see Marty Latz’s (@MartyLatz) columns: http://www.negotiationinstitute.com/columns). Maybe your preparation can be researching his or other columns on the Internet. The point is do something; Think. It will help.

For me, professionally, negotiation can involve mediation, which is a more formal form of negotiation and usually is my client’s last opportunity to settle a dispute on terms agreeable to them before a judge or jury makes a decision that will impact their life or business in potentially unpredictable ways. That is a big deal. But so is the potential sale or going to the football game with your friends next Sunday.

One thing I always tell clients (and do when negotiating in my personal life) is to think about the person(s) you are negotiating with and the potential outcomes: your best case,  your worst case and what is an acceptable result (or range of results) to you. Know your audience because how you wrap the message is important.

I challenge you to try preparing for your next negotiation, whatever it is. And please let me know if you think your preparation helped or not (and if not, why).

If you want to talk about preparation for an important conversation or negotiation you plan to have, please feel free to call me (which is preparation too) because I may have a few ideas based on my experiences negotiating personally, professionally and as a mediator.

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All Business is Relationships

It is important to remember how to be a member of the group. And don’t make it only about  business. Relax. All business is relationships, and it is where you need to do a good job. If you are not, you’ve got to tweak the formula.

Even if you know the answer, don’t always volunteer it. Many people don’t want to be wrong. Never. If you correct them, they’re alienated from you, and that might work against you…for years.

Generally try to avoid behaviors and actions that alienate people, like desperation, complaining or emotional reactions. It does not mean you should sublimate your personality. For example, you often meet bullies and people with a chip on their shoulder at the pinnacle of business. With some the only way you can gain their respect (sometimes begrudgingly) is to act just like they do. They may end up respecting you, they may not. But they will realize you know how to play the game.

But it’s much more complicated than that. And I’m still learning. This is why you always should try new things to find both what works for you and what you are comfortable with. And remember that important things such as friendship, respect and success are earned.

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