What’s your story?

Personal stories can be a powerful way to communicate intangible value.

Back in high school, my sister used to tease me for having “study parties” to prepare for AP physics exams. She called me a nerd, and maybe I was, but I also knew that without those “study parties” I would be lost. I knew that I could handle the concepts of physics, but that I was awful at the math. By meeting with my classmates, I could explain the theory, and they could explain the calculations. It was all about give and take. I’ve understood the value of peer groups for a long time, so I am really passionate about building the community at ExpertCEO, an online network for senior executives and the community that inspired this blog.
– Nathalee Ghafouri, Marketing Manager, ExpertCEO

When I was involved with Vistage as a CEO group chair, I talked to potential candidates about the benefits of joining a peer group. I could have used a similar story about my days in engineering school, but didn’t think of it. Shame on me, because it clearly demonstrates the value of a peer group without sounding like a sales pitch.

Take a minute and think about the stories in your life that could help someone understand the value of what you do. They can be very powerful, and they are free.

Leading your company through a recession.

If you put 15 CEOs in a room and ask them to focus on one important question you get some very practical answers. The following list was compiled by the members of two Vistage CEO groups in the Bay Area chaired by Sterling Lanier.

CEO Driven Activities
- surround yourself with good advisors and seek their help
- focus on sales and staying close to customers
- continue spending on sales related activities
- focus on activities that increase cash flow
- use zero base budgeting and forecast on rolling 12 month basis
- make a cash forecast and action plan for sales down 30%

Get the entire checklist here.

Should you advertise in a down economy?

Most of my clients own or manage midsize companies. Some are finding new opportunities and improving sales numbers during the current economic downturn. Others, not so much.

A few years ago, I developed a presentation that looks at advertising in a recession from the 30 thousand foot level. It asks a simple question: Why advertise in a down economy? This slide show walks you through the process I use in strategic planning sessions or workshops for CEOs and senior executives.

To view in full screen mode, click the SlideShare logo, then click the full screen icon on the slide show control bar. If you prefer a “flat” article, here’s a link that will help.

Also, here’s a post with questions the CEO of a midsize company should ask before cutting the marketing budget.

What business are you in?

When I work with a coaching client, I ask a lot of questions starting with…

– What business are you in?
– What products do you sell?
– What services do you provide?

When a potential customer takes a look at your website, brochure, mailer, biz card…

– What do you want them to learn?
– What do you want them to think?
– What do you want them to feel?
– What do you want them to know?
– What do you want them to do?

When it comes to websites, I ask…

– What problem(s) does your website solve?
– … for whom?

When I get a sense of the answers from my client’s perspective, I ask…

– How would your marketing team answer these questions?
– How about your sales team?
– How would your customers answer them?
– How do you know?

If the answer to the last question is not convincing — and it almost never is — I suggest that we work on finding a way to get solid answers to these questions before we do anything else. It is rare for a CEO, sales manager, marketing director and a select group of customers to agree on a description of a business and its products/services, let alone the message(s) they are trying to communicate.

If you think it is time to make sure your company is strategically aligned, here are some real world tools from Kevin Connolly, marketing guy.