- Passionate attention to all customers, including the ones future customers. I dragged along a friend who doesn’t climb, and had no intention of doing so. She instantly felt welcome, even though climbing up the wall until then was something she only does at business meetings. Your customers may come in many forms and will have different needs. See the world from their perspective – are they confused? Scared? Stressed? Finding it hard to park? At the Wall you feel safe and at ease. And yes, of course, she climbed. And is now hooked.
- Create a happy place where staff are as engaged as you are in looking after customers with care. Your staff must feel like a really core part of your baby business. Get them on board and make sure to find ways of harnessing all their bright ideas about how to make your project a success
- Know your customers intimately before you start. Alan and Brian really understand their market, and are well networked. They already understood exactly what climbers want and immediately ran simple high impact events that have built up loyalty, traffic to The Wall and loads of Word of Mouth publicity, always the most powerful form of marketing. This also helps you create a sense of community and shared values among your customer base, so your customers stay longer and believe in what you do. Happy customers come back.
- Be clever about how to position and communicate what you offer: .The Wall makes canny use of social media and press coverage to get the story out in a more targeted and dynamic way than any ad ever will. Network, but be savvy about how you use that precious network.
- Know your competition equally intimately, know when to compete (and how) and when to collaborate. Sometimes collaboration is the right strategy – work together and instead of splitting a new small market you can grow it together, creating greater awareness by acting as a group and attracting more people to a new service or product.
- Good team - make sure all the practical stuff is under control. The top team here includes a marketing whizz and an employment law specialist. They have team skills to make sure the business is set up on a sound financial footing, property and planning skills and expertise to make sure design and operations are top class.
- Finally – do something you love. The chances are you will be very good at it!
One of the most common struggles people have in life is speaking in public.
Source: www.webdesignerdepot.com
You may have always managed to avoid these scenarios like the plague. You may also be in a place where enough is enough and you just want to be equipped to be comfortable and confident to present without the all the drama attached. From a personal perspective, it can be sometimes easy to wiggle out of these stressful scenarios. Sooner or later from a professional context, avoiding a presentation at work or leaving it until the last minute can start to impact your career or work life.Where to start – start with yourself and your thoughts
Most people have the same fears, looking silly, what will people think, being forgetful, babbling or not getting to the point. It is really important to overcome these fears and understand where these unhelpful beliefs come from. Once you challenge these beliefs you can make huge strides which will impact both your personal and professional life.Understanding stress
Most people become stressed when it comes to public speaking. Surveys often quote that the number one fear amongst the population is public speaking. To put this in context fear of death is number two on the list. It is useful to remember the purpose of stress. Stress is a function of the human body designed to protect you, once you reframe how you see stress it will make public speaking such a different experience. To help with this reframe remember: FEAR stands for False Evidence Appearing Real. The more relaxed you are the easier it is to communicate, so find ways to relax before presenting.Confidence
Helpful beliefs about your self is a great start to increasing your confidence. Always play to your strengths. What people tend to do is compare themselves to others and then they never match up. Comparing yourself to others can be limiting and damaging. Everyone has their own personality and style. Play to your strengths be your authentic self. Sometimes you just got to imagine that confident state and fake it until you make it can be a good strategy until it comes second nature to you.Structure
Always start with the audience in mind. What is the purpose of your presentation? What would interest them? It is really important to capture the audience’s attention and maintain their attention. Here preparation is key. Have structure, a beginning, middle and end. Ensure you know what key messages you would like them to remember and find ways to make those messages memorable. Remember: what would you like the audience to think, feel or take action on.Engage the audience
Many people would love to have the confidence to engage the audience but just don`t know how. This is about understanding your audience and meeting their needs. Build rapport, be brave and curious when it comes to audience interaction. Being able to read people`s body language and influence people will increase your ability to engage the audience. Remember, always put yourself in the audience’s shoes.Practice makes perfect
If you ever learned to drive a car, you will know you didn't just drive automatically to your destination without guidance. Treating presentations the same will help you improve. Seek feedback from others on how you could improve and look specifically at what others do. Remember, look back, reflect on what you did well and find ways to improve. Focus on presentations as a learning experience to becoming an expert to presenting with impact confidently.RS: "Think like a biologist"
IMI: What does this mean? RS: There is a dangerous tendency for people to look at businesses and markets as though they were pieces of engineering: and should be managed and understood in Newtonian terms. Today more than ever it's more useful - at least most of the time - to use the mental models we use to understand complex and evolving systems.
- Communicating: explicit vs. implicit
- Evaluating: direct criticism vs. indirect criticism
- Leading: egalitarian vs. hierarchical
- Deciding: consensual vs. top down
- Trusting: task vs. relationship
- Disagreeing: confrontational vs. avoidance
- Scheduling: linear-time vs. flexible-time
- Persuading: applications-first vs. principles-first
Related Articles
Demystifying Blockchain: Sucking Ether and Spending Gas
There has been a lot written about Blockchain, both from a technological and business perspective. Towards demystifying “Blockchain” further, let’s look at what it is, how it works and the cost of transacting on the platform.
Distributed Ledger Technology “Aka Blockchain”, is a hot topic among organisations at the moment and has been the subject of much hype. Organisations are now seeking to move beyond exploratory use cases and Proof of Concept’s (POC’s) towards scalable pilot and operational systems. Blockchain has the potential for significant economic and business effects. The Blockchain is immutable, meaning transactions cannot be changed/deleted once added to the Blockchain. This allows Blockchains to act as a reputable source of unchangeable, verified and valid information.
What is a Blockchain?
A blockchain is a tamper-proof, shared digital ledger that records transactions in a public or private network. Distributed to all member nodes in the network, the ledger permanently records, in blocks, the history of asset exchanges in the network. It is constantly growing as miners add new blocks to it to record the most recent transactions. The blocks are added to the blockchain in a linear, chronological order. Each full node (i.e. every computer connected to the network using a client that performs the task of validating and relaying transactions) has a copy of the blockchain, which is downloaded automatically when the user joins the network. The blockchain has complete information of addresses and transactions. These can all be queried using a block explorer such as blockchain.info or etherscan.io.
To ensure that only legitimate transactions are recorded into a blockchain, the network confirms that new transactions are valid. A new block of data will be appended to the end of the blockchain only after the computers on the network reach consensus as to the validity of all transactions that constitute it. Thus, transactions only become valid once it is included in a block and published to the network. In this manner, the blockchain protocols are able to ensure the transactions on a blockchain are valid and never recorded more than once, enabling people to coordinate individual transactions in a decentralized manner without the need to rely on a trusted authority to verify and clear all transactions[1].
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that execute exactly as programmed without any possibility of downtime, censorship, fraud or third party interference[2].
What is Ether?
The crypto asset (or cryptocurrency) which the Ethereum network runs on is referred to as ether (ETH). Ether is used for paying for things on the Ethereum network, for example investing in a Decentralized Application, or dApps as they are commonly known, involves sending Ether to the dApp developer[3]. Ether’s value is determined by an open market where people buy and sell it for fiat currency. These exchanges can be easily accessed from any smart phone or computer using exchanges such as Coinbase[4].
EVM and Smart Contracts
A smart contract is a piece of code that the Ethereum Virtual Machine (EVM) is able to execute on the blockchain. Once this piece of code has been added to the blockchain, the smart contract itself cannot be altered, only the storage of the smart contract can. This means that there now exists some piece of code that acts as a contract and that is available for anyone to use.
That’s Gas
Programmable computation in Ethereum is funded by fees, termed ‘gas’, and a transaction is considered invalid if a user’s balance is insufficient to perform the associated computation. ‘Gas’ describes units of computational power in Ethereum, while ‘gas cost’ is used to denote how much gas is required to perform an action on the platform. Finally, the ‘gas price’ is how much each unit of gas costs in ether. The total cost of an action on Ethereum is the gas cost multiplied by the gas price. If the gas price stays the same while the value of ether increases, as has been the case so far, then the overall price of smart contracts increases. How much a specific computation will cost is defined by the complexity of the computation.
Therefore, there are many parallels between a Blockchain ecosystem and a traditional market. Information is stored and exchanged. There is a cost associated with transacting on the platform. Individuals exchanges value via contracts, automated via technology. Blockchain is simply the technological platform upon which all of this happens.
[1] Peters, G. W., & Panayi, E. (2015). Understanding Modern Banking Ledgers through Blockchain Technologies: Future of Transaction Processing and Smart Contracts on the Internet of Money.
[2] Ethereum Foundation. (2016). Ethereum. Retrieved from Ethereum: https://www.ethereum.org/
[3] Oberhaus, D., & Pearson, J. (2017, June 16). Okay, WTF Is Ethereum? Retrieved from Motherboard: https://motherboard.vice.com/en_us/article/okay-wtf-is-ethereum
[4] Coinbase. (2017). How To Buy Ethereum. Retrieved from Coinbase: https://www.coinbase.com/buy-ethereum?locale=en
Dr. Philip O’Reilly is the Programme Director for the IMI MBS in Digital Business and a Senior Lecturer at University College Cork.
Philip has delivered keynotes and workshops to numerous multinational companies and at leading practitioner events including the Banking & Payments Federation of Ireland National Conference.