Do you see the risks in your path?

do you know the risks on the road?It was another rainy day, like many at this time of the year. And as you might expect, there were a number of car accidents on the road. This particular point in the highway is a trouble spot. The road inclines and bends to the right to weave around the hills. Given the design, the water flows rapidly across the left lane in a way that causes hydroplaning at times. I drive this path often and know to watch for it. But not everyone does. Today, there was a pretty significant accident in this spot.

In business, there are many risks in the road ahead. Sometimes you know to watch for them, because you have been down the road before. Other times, you may be on a road you have not yet traveled. How are you watching for the risks ahead to make sure you are able to safely navigate them?

Strength and Flexibility

strength and flexibilityThe Oregon Ballet Theater in Portland, Oregon recently just wrapped up a brief run of Romeo and Juliet. It was beautifully done from the costumes to the performance. Given my vantage point, I was able to see the dancers in great detail. The expressions on their faces, the grace in movement, and athleticism – all were extraordinary. What never ceases to amaze me is the combination of strength and flexibility necessary to be a top dancer. It all looks so easy and effortless. And necessary. The fluid movements and grace would not be possible without both elements. Imagine a ballerina perched on one toe, with her other leg pointing toward the ground rather than the heavens. Or the danseur (male dancer) performing a split leap toward the ballerina, but not able to lift her above his head and place her on her toe. The ballet would not be the same without strength and flexibility.

The same elements are necessary in business. Strength gives the business the ability to persevere, and have the knowledge and skills that allow it to gain position against competitors. Flexibility allows the business to adapt and change course quickly, to make decisions rapidly and maintain a cost structure that allows it to be competitive. Both elements are necessary in equal proportion to be highly successful. How well have you built strength and flexibility into your business?

Chasing Squirrels

chasing squirrelsMy dog loves going for walks. The more the better. Being the yellow lab she is, the mere hint of heading out to explore the world gets her doing backflips. The leash appears and her focus is intently on the road ahead. She knows the route and plows ahead. That is until a squirrel appears on a fence, a branch or the ground anywhere in the vicinity. The walk becomes a distant memory and chasing the squirrel is the only thing that matters. If not for me holding her back, she would be way down a different road or in a backyard, completely off the path. Of course, if I trained her better, she would ignore the squirrels all together.

Its funny how squirrels don’t just appear on walks. They appear everywhere in business. They are the little things that start moving around and distract attention from the goal and cause a loss of momentum toward the things that matter. With training and focus, they can be ignored completely. But if not, they can have a significant impact on the results of the company. How do you keep your organization from chasing squirrels?

Are you missing the signs?

missing signsDriving down the road today, an SUV was smashed head on into the guardrail intended to mark the beginning of an exit. Given the direction and position the other vehicles, I couldn’t help but wonder if the vehicle had decided not to exit was and tried to get back into the freeway, missing the mark. I don’t know what actually happened and can only speculate.   The interesting thing about this particular exit is that there are several signs over the prior mile indicating the exit only is approaching. The striping on the road also changes, indicating the lane is exit only. Regularly, there is a last minute shuffle as the opportunity to merge runs out and vehicles attempt to merge with little room. The traffic moves well in this area, so it is not a matter of trying to line jump, it is a matter of not realizing it is time to merge. It always surprises me how frequently people seem to miss the obvious signs on the highway.

This situation is not isolated to driving down the road. It happens frequently in business. There are signs about changes coming in the market, costs in the business, shifting of customer needs, etc. But many times they are missed because the focus is elsewhere. How do you make sure you don’t miss the signs in your business?

Balance – it is all a matter of engaging the core

balance is about engaging the coreBalance has been the topic of conversation over the last few weeks. Through the course of conversations, most of the people say something to the effect that they do not have good balance. They struggle to stand on a BOSU ball, on one leg, etc. without falling over. Years ago, my balance was not good either. I first started working on balance with my personal trainer, Babs. Each time I would start the exercise she would say: “engage your core”, and only then could I balance. Babs later explained that by engaging the core, the muscles support the spine and allow for stabilization of the body. Without engaging the core, balance is nearly impossible. Another instructor talks about the importance of a strong, functioning core. Part of the process of learning balance is also learning how to catch yourself when you stumble, like tripping on a curb, so you don’t fall flat on your face. Having a strong core means you can course correct and recover quickly.

The same is true in business. The core of the business is values, strategy and people. By engaging the core, businesses can become strong and agile. They can find balance and make course corrections quickly when a curve ball is thrown. How are you engaging your core and finding balance in your business?

Why Partner?

Why Partner?Over the last few days, several folks I’ve had conversations with have talked about being in a partnership or have been thinking about starting a partnership. When asked why, the response is typically something to the effect of they like each other and think that there may be a service offering that may meet a perceived market need. Then usually there is some expression of frustration about how the other doesn’t see their perspective.

Partnerships can be great when people are aligned on the intention of partnership. In these cases, the sum of the parts is greater than the whole. More can be accomplished together than alone. The challenge with partnerships comes when folks jump in before discussing why, the intention of getting into the partnership and what they want out of it. At times, the goals can be incompatible and create problems that can be easily averted. It may be the best solution is to work together on a specific project with a checkpoint at the end to see if a more formal long-term arrangement makes sense. How do you ensure alignment before getting into partnerships?

Raising the bar

Hard workGoing to the gym is one of my favorite things. It’s a little social and a lot physical. Before class, people typically gather in front of the exercise studio to catch up before working out. The conversations run the gambit. And periodically someone walks up and asks about the class that is about to start. It always surprises me the number of people who choose not to attend the class at all, or choose not to come back because it was too hard. Time after time, instructors advise how to modify a movement or the appropriate level of weight for beginners. The point is, just get started. You may not be able to do everything that day, but if you stick to it, you eventually will.

Doing something hard challenges you to get better. It raises the bar on your potential. It makes you think about the possibilities. How are you challenging yourself and your business to get better?

The Snapshot

snapshotIt’s another gorgeous day and the volcanoes with their snow-covered peaks are magnificent against the blue sky. Who wouldn’t want to capture the sight with a snapshot? The thing is, many attempts over time never seem to capture what I’m actually seeing. Even with zooming in, the perspective is off. The slight haze makes the sky seem not quite as brilliant and a bit grainy. The snapshot doesn’t capture the splendor of nature in front of me.

The days I want to take pictures of the scenery are the one or two days out of weeks where the weather is nice – not indicative of the trends in the weather. Capturing the right snapshot of a business is tough too. Many times KPIs or reports are developed that don’t reflect what is actually going on in the company, and can be at a point in time rather than a trend. How are you making sure you capture what is really going on in your company?

When incentives are not aligned

incentive alignmentA friend was describing a situation in his business. The region is struggling with a 50% vacancy rate – a real issue given that it is a service business. Just getting enough staff to meet contractual obligations is time consuming and difficult. So when the head of business development talked about the need to expand the business, he about fell over. They can’t meet the current obligations, how can they possibly grow? I asked if the business development head is incentivized based on growth in the region, the answer was yes. No wonder! The incentives were not aligned, so sales was out drumming up business while operations was struggling to keep up. It was a fantastic reminder to ensure that all parties are incentivized to row in the same direction to make the business successful. How do you ensure incentives are designed in a way that you get the results you want?

Making It Work

Making it workThe snow and ice kept the bulk of the people away for the day. The unusual quiet presented an opportunity to talk, not something that was typically possible given the busy nature of her work. And what a gift it was. She talked about her retirement that is close at hand and reflected upon her life. Forty-three years with her husband. She smiled when she spoke of their adventures together, the trips they had taken, the struggles they had shared. The pride was evident in her smile when she spoke of raising their son. It wasn’t easy – they didn’t have much money at the time. She worked during the day and her husband worked at night so they could make it work. And she was clearly proud of how her son turned out, the grandchild they now have and the road ahead that she and her husband will share in retirement. They took stock of what they had and they made it work.

Its funny how life sometimes unfolds in a way that requires dedication and commitment to making it work. These situations play out time and again in work and in life. People assess the approaches available and figure out how to make it work. Are you using all of the tools in your arsenal to make it work?