
One of my earliest childhood memories is watching Lew Alcindor (Kareem Abdul-Jabbar) win his third Most Outstanding Player award while leading UCLA to its third straight NCAA title in 1969. Of course, March Madness? is now ingrained in our sports psyche. From the unveiling of the brackets in mid-March, to the playing of "One Shining Moment" celebrating a new national champion, the NCAA Division I Men's Basketball Championship captures our nation's attention.
Each year, the Men's Basketball Committee ranks the tournament teams on an S-Curve. The top #1 seed sits at the upper right on the "S" and the 65th rests at the bottom left, with the remaining 63 teams listed in order between them. In your industry, it might be possible to rank businesses in a similar way, and, much like players shooting free throws in the NCAA tournament, everyone on the S-Curve would have the opportunity to achieve better results by focusing on the keys to their success.
Success Handler Action: Spend a few moments thinking about your small business. In your industry, where do you rank on the S-Curve? Are you near the upper right with top performers, somewhere in the middle, or falling toward the bottom left? Now, think about the reasons you placed yourself in that position. Here are some questions to consider:
~ Do you have the personnel to make you a "top seed"?
~ Do you have the equipment to be among the best at what you do?
~ Are you coaching employees to ensure you get the most out of their talent?
~ How do your customers view your small business? Are you ranked among the elite?
~ What will it take for you to move higher up on the S-Curve?
One of the small business leaders we coach has an outstanding team, a strong product in a growth industry and a solid marketing approach. Yet, like many business owners, he is not achieving the results he expects. Put in sports terms, they have a good game plan, but their execution is coming up short.
We are currently helping them implement a strategy to reach outside their comfort level ? to think beyond what worked before and to more closely focus on what is needed today. We are also working to focus their efforts beyond the walls of their location ? to get out and spend more time with their customers and prospects.
Success Handler Action: What is it that's keeping you from reaching your goals? Is it fear of change? Lack of resources? Fatigue? Here are six steps to give your team the mindset of a winner:
1. Call some business acquaintances and ask how they motivate their employees
2. Read (or re-read) Stephen Covey's "Seven Habits of Highly Effective People"
3. Get your business plan out of the drawer and update it (think like a coach: X's and O's)
4. Candidly discuss your situation with your financial advisor
5. Take your employees out for a celebration; the best teams bond together off the field
6. Get to work one hour earlier the next two weeks and work on your business, not in it
All teams begin their seasons with the same record and same goal. The one that cuts down the net at the end worked together better than everyone else. While big state schools tend to win the most championships, smaller ones celebrate success every year in the NCAA tournament. Whether you're the biggest in your industry or the smallest, the oldest or the newest, there is opportunity to renew focus on your business and shoot your way up the S-Curve. Begin thinking and preparing like a champion, and you will achieve surprising results, much like those Cinderella Stories.
Copyright © 2004 by Success Handler, LLC. All rights reserved.
The Coach, David Handler, is the founder of Success Handler, (http://www.successhandler.com), and specializes in helping small business leaders find clarity and take action. He understands the challenges of running a business, because he's been there ? as a small business owner, franchisee, franchisor, corporate leader and trainer. Much like sports coaches, his coaching will show you how to compete on a level playing field in your industry.
AP - The U.N. Security Council called for an immediate cease-fire in Gaza, but an intense bombardment of missiles from Israeli jets and helicopters early Friday and a barrage of Hamas rockets indicated there may be no quick end to the fighting.
AP - Millions of tons of toxic coal ash is piling up in power plant ponds in 32 states, a practice the federal government has long recognized as a risk to human health and the environment but has left unregulated.
AP - President-elect Barack Obama implored Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker. Democratic and Republican lawmakers complained about his tax policies, letting Obama know they intend to place their own stamp on the economic recovery effort.
AP - The game defied expectations. Tim Tebow fulfilled them. He rescued No. 1 Florida, running through and throwing over No. 2 Oklahoma for a 24-14 victory Thursday night that gave the Gators their second BCS championship in three years.
AP - A key panel unanimously recommended impeachment for Gov. Rod Blagojevich on Thursday, setting up a vote that could make him the first governor to face such fate in Illinois' sordid political history. Blagojevich should lose his job for abusing power, mismanaging government and committing possible criminal acts, including federal allegations he tried to sell off a U.S. Senate seat, the special committee concluded.
AP - Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.
AP - Vice President Dick Cheney said Thursday that he sees no reason for President George W. Bush to pre-emptively pardon anyone at the CIA involved in harsh interrogations of suspected terrorists. "I don't have any reason to believe that anybody in the agency did anything illegal," he said.
AP - President-elect Barack Obama's proposed tax cuts ran into opposition Thursday from senators in his own party who said they wouldn't do much to stimulate the economy or create jobs. Senators from both parties agreed that Congress should do something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan.
AP - Less than a month after its first report, a congressional panel overseeing the Treasury Department's $700 billion financial bailout is demanding more answers.
Reuters - Israel pushed ahead with its offensive in the Gaza Strip on Friday, ignoring a U.N. Security Council resolution calling for an immediate ceasefire in the 14-day-old conflict.
Reuters - U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to struggling companies.
Reuters - Europe sought a swift restoration of gas supplies on Friday after striking a deal with Moscow on monitoring gas shipments via Ukraine that have been halted by a pricing dispute with Kiev.
Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
Reuters - A legislative committee on Thursday recommended the impeachment of Illinois Gov. Rod Blagojevich, citing widespread abuse of power including allegations he tried to sell the U.S. Senate seat vacated by President-elect Barack Obama.
Reuters - President-elect Barack Obama's economic team is urgently overhauling the $700 billion financial rescue package to broaden its scope beyond Wall Street, The Washington Post reported on Friday.
Reuters - Al Qaeda's operations chief in Pakistan and a top aide are believed to be dead, a U.S. counterterrorism official said on Thursday, in what appeared to be the latest results of a campaign targeting the militant group's leadership.
AFP - Israel carried out new deadly air raids on the Gaza Strip on Friday as the UN Security Council called for an immediate ceasefire to end the two-week-old conflict in the Palestinian enclave.
AFP - European states deprived of Russian gas amid freezing weather were Friday hoping for a resumption of deliveries after the European Union claimed a breakthrough in the crisis between Moscow and Kiev.
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