Managing Change and Negative Repercussions

f_11310676366_37880902.jpgFor the leaders of change activity, it will inevitably be necessary to deal with barriers, conflicts, resistance, and other negative effects. There is a tendency to see these as ‘disasters’ that will cause the change to fail. But by adopting a thoughtful and professional approach, most of the mistakes, barriers, and difficulties that change brings, can be overcome. Some negative repercussions will be inevitable: It will help, at the outset, to prepare yourself for the certainty that you will have made some misjudgements in your planning of the change. Also, despite careful analysis of the likely repercussions of the change, it is not possible to accurately forecast all of these, nor the degree of impact. This means that you acknowledge that you intend to succeed despite the setbacks caused by mistakes that are made, and forecasts that prove to be inaccurate in places. In short, you are allowing yourself to have some weaknesses. Unless you and your leadership team colleagues are blessed with genius, you are highly unlikely to introduce major change without running into some unexpected, or more serious than expected, difficulties.

Forecasts will have flaws: Even if you have researched and analysed as carefully as possible, when you draw up your plans for change you will be basing your planned changes against a background of forecasts. These could include forecasting the behaviour of a wide range of diverse factors such as customer behaviour, supplier behaviour, the reaction of internal individuals and teams to the changes, the impact on motivation and morale of staff, the impact on costs, selling prices, image, the brand, staff turnover, recruitment, and so on. Because of the unpredictability of many of these factors, whilst you must have a plan, expect to make frequent changes to the plan once it is implemented. Predicting exact timescales, costs, and effects, is impossible. Experience suggests that change will often take longer, be more complex, and cost more than planned. As the change progresses, review the situation, consult with your team and other stakeholders, and be prepared to adjust your original plans.

Stress levels will rise: The leaders of the change activity may well experience increased stress, as they observe and respond to the effects of the changes. The more radical or more complex the change, the higher the pressure will rise, as the organisation is forced to move away from its previous condition and culture. However, for local managers and operational staff, the effect of certain changes can be dramatic, especially where the change brings initially negative effects such as redundancies, relocation, or major reorganisation. At these hierarchically lower levels the stress brought on by the impact of the changes can be severe. You will need to be prepared for this and have plans in place to deal with it. One essential action is to ensure that local managers are fully briefed on the changes and equipped to respond to the concerns, fears, and reactions, of their teams.

Resistance is normal: It is almost impossible to make major changes without generating resistance from some of those affected by the changes. The degree, or severity of resistance will vary, not simply due to the nature of the changes, but also because of the inbuilt fears and concerns of some individuals and groups. Much resistance is caused by the poor quality of pre-change communications, where the change makers have failed to consult and inform effectively. Further resistance can be triggered because of a range of fears over: not believing that the change is necessary, the possibility of losing status, losing income, losing friends and colleagues, losing or gaining responsibility, losing comfortable working conditions, and many similar concerns. Critics will voice concerns: Even if you have consulted and involved key stakeholders, critics and cynics will challenge you. They will be strongest not at the beginning but in the middle of your efforts, when the possible effects of the change become clearer. This is when, with the help of others, you need to respond firmly to criticism, remove obstacles, and move forward.

The unexpected will happen: Be prepared to face unexpected events. It is not possible to predict every single consequence of change. You will almost always be faced with consequences that neither you nor the team anticipated. Don’t let these stop you. Be prepared to respond, deal with them, and make adjustments. Progress will falter: Inevitably there will be times when the pace of change slows, perhaps because of tiredness, perhaps due to external influences. This is normal, but you will need to manage these times carefully, aiming to get back to the expected level of progress as soon as possible. Communication between managers and specialists at all levels must be frequent, to ensure that the leaders of the change are aware of fluctuations in the pace of progress, and to enable them to take appropriate corrective action.

As a leader you will have to manage the negative repercussions that the changes generate. The following points give an overview of how best to reduce the likelihood of negative repercussions and then manage any that do arise. Preparation and planning is essential: Whilst it is true that it is almost impossible to introduce changes without some negative repercussions, thorough preparation and planning will help to keep these to a minimum, and enable those that do arise to be managed effectively. The effects of change on people, the managers, operational staff, customers, clients, partners, and other stakeholders, are well documented, and this body of knowledge can help the planners to predict at least the reactions of most of the people affected by the change. Pre-implementation activities, such as a process of consultation and awareness building, should be built into the change plans. Responses to potential post-implementation impact should also be drawn up as part of the planning process. Managers and other key personnel should be fully briefed on this part of the plan, and made aware that it is as important as any other part.

Monitoring and control will be needed: One of the key features of an effective change plan is a rigorous, consistently applied, monitoring and control procedure. This ensures that all deviations from the original plan are identified, analysed, and where necessary, corrective action is taken. There is no shame in having to change plans and readjust forecasts. There are infinite numbers of fast-changing internal and external influences that impact on the planned change from the moment it is implemented, and these must be recognised, analysed and responded to appropriately.

Resistance and criticism must be dealt with: As part of the monitoring and control process, resistance and criticism should be dealt with. The nature of your response will depend on the type and degree of resistance or criticism. Where it is evident that resistance or criticism is genuine and reflects understandable concerns or fears, then a sympathetic approach is required. Often, further explanation of the reasons for the changes and reassurance of better conditions to come, will be sufficient. Where the resistance or criticism is driven by the desire to cause disruption or damage, this must be dealt with firmly and fairly, but in a way which eliminates it entirely. Again, there is a huge body of knowledge to draw on which the local managers should be aware of and make use of.

Seek out positive benefits of the change: As a counter to the negative response that some might feel, find and show evidence of improvements and benefits (there has to be some if your change was necessary!) for example increased security, better working conditions, improved revenues, lower costs, more progression opportunities, reduced staff turnover, higher levels of customer satisfaction, and so on. Providing hard evidence of positive outcomes of the change is the most persuasive response to negativity and cynicism.

Don’t let resistance, mistakes, and conflicts slow you down: When recovering from a negative repercussion there is a tendency to over-react to the issue, to over-compensate for the mistake or error. This is unnecessary and can often lead to greater complications. It is important to put right only what has gone wrong and then move on with the next part of the process. In trying too hard to repair a mistake you will make it more memorable and noteworthy than necessary.

Focus on the future: Focusing on the negative repercussions instead of the moving the change forward is counter-productive. Focus instead on repairing the damage and continue working towards the original goal. Dwelling on setbacks, mistakes, errors, and conflicts gives them more significance than the real objective – deal with them, then move on.

How to Increase Sales and Profits, Without Spending a Cent!

f_01310675585_zzcars-corporations.jpgEver heard of something called “conversion rate”. You may have but are you measuring it all the time, or are you just guessing what it might be?

If you don’t know what conversion rate means you’re missing out on the most powerful strategy there is in the world to increase sales, without spending a cent. Plus, by increasing your conversion rate your net profits always go up!

So what is conversion rate?

Conversion rate is the difference between how many call, walk in or contact your business and then how many of them end up buying. For example, if you had 10 phone calls to your business and you took their name and phone over time you simply track how many of them actually spent money with you. So if you have 3 people buy from you your conversion rate would be 30% or 3 out of 10.

This simple measurement is life changing for business owners when they see the power of it. If you don’t know your conversion rate and “guess” it’s about 50% I guarantee you’re wrong! Almost everyone thinks their conversion rate it higher than it actually is. The reason being is that the people you talk to that say they’ll come back and buy later or that sound like they are very interested in buying often don’t. But you don’t know that if you don’t measure all inquiries because you assume they have bought.

When you measure your conversion rate be prepared for a shock. I’ve worked with retailers who thought it was 75% and found it was 38%. I’ve worked with service businesses that thought it was 50% and we found it to be 13%.

They get a bit depressed when they realise its only 13%, but I get excited! That’s because it’s impossible to double 50% conversion rate, but with 13% you can triple it and still have room for improvement!

Did you know that increasing your conversion rate proportionally increases turnover and net profit? That means if you increase your conversion rate by 50% (e.g. from 24% to 36%) you have just increased your turnover by 50% as well! That’s because you get 50% more paying customers than you have right now. And you can increase your conversion rate, turnover and profit without spending a cent on advertising or promotion.

So how do you measure it? First of all you need 2 to 3 bits of information on every person who contacts your business. Things like their name, phone number and what their inquiry was about.

This then gives you information to refer back; to see how many people actually ended up buying that contacted your business. With your business it may take days before you can tally inquiries to customers. For some service businesses you may need to wait a month from the inquiry date to purchase due to the time it takes people to make a decision.

You’ll notice your conversion rate will be different for each of your staff. Why is that? Good question. But when you realise the difference you can do something about it, but until you have measured it how can you do anything about it?

So now, onto the magic question, How To Improve Your Conversion Rate!

There are at least 80 ways! Want to know the best ones? Here they are…

1. Learn DISC profiles. DISC profiling has to be the most unknown method of understanding people there is, yet in business it’s the most powerful tool you can learn and use. DISC is an insight into 4 major differences in people’s behaviour. When you learn DISC profiles you understand some people want to be friends with the person they buy from, while others find friendly sales people annoying and don’t buy from them. Some people (about 50%) make all sales decisions very quickly, usually on the spot. While 50% of people always want to think about it, usually over a day or two. DISC is something I teach to all my clients and all who learn it from me increase their sales (turnover and profit) by 20%-300% in weeks!

2. Offer guarantees in writing. Everyone has some level of apprehension about parting with money, so a guarantee helps to overcome that apprehension and helps people to make confident decisions. What can you guarantee in writing that you have not be offering now? What about not to leave a mess if you’re in a service business? What about being completely happy with your purchase of you will gladly allow refunds? Retailers often don’t want to refund so they scare away dozens of potential customers for the sake of a very few possibly wanting refunds. (To learn more about DISC see the article ‘How to Build Rapport in 7 Seconds’ by Tim Stokes at www.ezinearticles.com)

3. Make your business appear unique. This again is a powerful tool as when you “appear” unique or different you stop losing sales to price shoppers. It’s not hard to do, in fact when you use guarantees like those above it makes you very unique!

4. Learn body language. Body language is responsible for 55% of what you communicate before you open your mouth! Everyone has heard of it but how many people use it? Almost none! Go read a book on it and try it. Body language is a form of flattery and people buy from people they like or relate to.

5. Try different words you use to greet people face to face or on the phone. Retailers are notorious for saying things that elicit “no thanks just looking”. That’s because they set up that response by what they say. Try saying different phrases on greeting and see what happens. Its the same on the phone, if you finish off your greeting with “name speaking” you often get people who think you’re a dummy and respond with, “I’d like to talk to someone about…” In other words you can’t help me so can you get me someone who can. Try not using speaking and see what happens.

Are you starting to get the picture there are dozens of ways you to improve what you’re doing now with your conversion rate? First you have to measure it, before you can improve it. Collate it over a day, then a week then a month. When you do you will have a powerful Key Performance Indicator.

Working with business owner’s conversion rates I have had dozens and dozens of fantastic profit improvements in weeks and months. My record is a blind manufacturing company that had a conversion rate of 3.5% and then 6 months later we took it to 75% and that was with a 35% increase in prices along the way! What percentage increase it that in profit? I don’t know, but it’s massive!

I did the same with a retailer. They had a conversion rate of 68% and using a sales system I wrote with them they hit 100% conversion rate the week we started using it. It never dropped under 82% again.

If you don’t increase your conversion rate your marketing will rarely make you a good profit return, or enough to pay for itself with profit from the sales from the promotion. When you double conversion rates you double your turnover and advertising responses, so you can run your ads half as much saving you profit as well.

I’ll leave you with this thought… You can’t improve something if you haven’t measured it. Measuring is the secret to all of your success in business.

Affordable Online Degrees

f_21311083206_091-91.jpgAccredited online degree costs arms and legs – that’s the general notion of many people who think of acquiring the much talked about online degrees. But the reality is a bit different. It is definitely possible to get an affordable package of the same. Browse the internet, and you will come across a bunch of online degree programs that really costs you low.

A person with high ambitions of achieving a better career always have the option of going for the online college degrees that come in an attractive yet affordable package. This degree can help you make better money, and possibly get that promotion that you have long sought after. One great thing about working towards an on-line degree is that you can work on it anytime you want. By focusing towards your degree, you could complete it in as little as two years depending on how many courses you need.

A recent survey revealed that very often a number of working adults carry out extensive research work on an affordable college degree online. Now the question is what actually motivates that kind of a search? May be enhancement of knowledge related to a specific subject or the hope of reaping some additional benefits of these online courses or just to get that long sought promotion. Whatever may be the reasons there are a number of benefits of these Affordable Online Degrees listed as follows:

1. In case of working adults, the degree can be easily pursued without hampering their full time employment.

2. The affordable online degree makes you all the more competitive in the job market.

3. The degree acts as an additional resource that proves an individual’s set of skills.

Over the internet, you’ll come across a number of online universities and institutes offering you an affordable online college degree. With study material being supplied to the students, these e-learning centers motivate the participant’s efforts by claiming, “The world is your classroom.”

These non-profit, private universities established by the Western governors are focused to offer the U.S. citizens a “cost-effective, high-quality education”. In many cases there is the Federal financial aid that is available for the prospective, eligible students.