Month: February 2015

The Super Connector’s Guide to Making Powerful Business Introductions

As an entrepreneur, you understand the importance of having a strong network. What many people don’t understand is that it’s not always who you know, but what you do with those connections, that matters.

Throughout my career, my extensive network in Silicon Valley has allowed me to create intros for startups seeking funding for their ventures and secure celebrities like Jerry Seinfeld for corporate events. But I haven’t done this by connecting with a bunch of random people on LinkedIn; I’ve nurtured these relationships through the power of reciprocal networking.

If you aren’t actively looking for ways to make valuable introductions for your connections, your network isn’t as strong as it could be.

Here are a few ways to make winning introductions that will lead to lucrative long-term opportunities for you and your connections.

How to Make a Powerful Business Introduction

people-network-10032685When you start making business introductions in person, it can feel a bit awkward. But the key to a successful connection is a clear understanding of what each individual has to gain from the relationship. If your connections don’t see an advantage to meeting the people you suggest, they’ll be skeptical of your intent.

A proper business introduction immediately erases confusion among mixed groups of people. It sets the stage for respectful interactions and eases the otherwise uncomfortable first conversation.

Always introduce the person with more authority first. Adding explanatory statements after saying each person’s name will also get the conversation flowing naturally and provide context. These can be simple statements such as their job titles.

When introducing one person to a group, announce that person’s name and identifier, and introduce each group member in the order they’re sitting or standing.

Connecting people who offer complementary services is a great way to promote mutually beneficial relationships. You can also offer to let people you respect sift through your LinkedIn connections and facilitate these meetings to add value.

Tips for Navigating the Uncomfortable Email Introduction

Making introductions in person usually feels less forced than sending emails out of the blue, but it’s not always feasible to get the two people you want to connect in the same place at the same time. This is where email introductions come in.

When emailing your connections to establish an introduction, make sure you always:

  1. Ask for permission first. Explain the value proposition for each party meeting the other, and ask if they’d feel comfortable with you making the connection.
  1. Mention whether they’ve met before. People often forget brief meetings, and the reminder can save them some embarrassment.
  1. Make haste slowly. Good introductions require careful preparation. Think through how both parties could benefit from each other, and spell it out in an email. Hurried, ill-planned emails can have a negative impact on these burgeoning relationships–and your reputation.
  1. Encourage the conversation. You never want to start an email thread, only to receive no response from either party. To avoid this social disaster, urge both people in the email to arrange a time to talk in the near future.
  1. Make action steps clear. Be straightforward in your email, and outline what the specific next steps should be.

Solid introductions always come down to adding value for other people. When you set up a long-term cycle of promoting mutual wins, you position yourself as a credible and trustworthy business connection.

Establishing a reputation for facilitating great relationships is the best way to increase your chances of success, no matter what field you’re in. And as this cycle of reciprocity continues throughout your career, the referrals, invitations, and unique experiences will start pouring in.

This article was previously published in Inc. 

To your best success,

 

Kelli Richards, CEO of the All Access Group, LLC

 

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

 

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

Know When to Hold ‘Em, Fold ‘Em, and Walk Away in a Business Deal

When you first hit the Las Vegas Strip, the flashing lights and fast pace are overwhelming. With adrenaline coursing through your veins, you’re ready to try it all. But if you’re going to win, you need to take control and work on developing your poker face.

When new opportunities come along in business, you might feel just like you did on that trip to Vegas. But if you want to make the best decisions, you can’t let the excitement get to you. If you get emotional, the logical part of your brain will shut down, and you’ll be at the mercy of other people’s agendas.

Here are four tips to help you weigh your options, stay calm, and show the other players that you’re in control:

1. Don’t reveal your hand.

The principle of least interest, a term coined by sociologist Willard Waller, states that the person who appears to have the least interest in a relationship holds all the cards when forming a business deal or partnership.

In negotiations, always keep your cards close to your chest. You’ll maintain an advantage if you don’t reveal how you feel about an opportunity right away.

2. Consider the stakes.

Avoid getting swept up in the excitement of the game. Consider the hand you’ve been dealt as a whole. Does it serve your long-term business needs? Do you have good rapport with the other party? Will you be able to maintain a productive relationship?

If all–or most–of your business goal boxes are checked, then you’ll probably want to stay at the table.

3. Don’t go all in–yet.

If it’s your turn to bet, make sure you’re confident in your hand before pushing all your chips into the pot. Before making any business decision, you should have all the information you need. Clarify the facts, gather input from advisors you trust, and straighten out any inconsistencies in the agreement.

I once signed an agreement without first showing it to my lawyer. The other party wanted to close the deal quickly, so I signed because I didn’t want to miss out on what seemed like a significant revenue opportunity. It turned out to be a move I later regretted making. I’ve learned the importance of slowing down and getting the crucial input I need before taking action, particularly when the stakes are high.

Do a gut check before diving into any big decision. The deal could look promising–and you may have a good relationship or good rapport with the other party–but you may need to wait until you get some advice from an expert or a trusted advisor. If you feel yourself being pressured one way or another, step back and give yourself some breathing room and space. Never let someone else push you into taking an action you’re uncomfortable with or one that doesn’t feel right to you for whatever reason.

4. Know when to fold.

There will be times when folding and walking away from a deal may be your wisest move. If you evaluate the opportunity in front of you and find that the terms don’t work or the other parties involved are disingenuous, disrespectful, or otherwise unwilling to compromise and work with you to create a win-win, then it may be a sign to move on to the next opportunity.

Remember: Relationships are key, but business is business. Everyone is sitting at the table to make money. While giving in to the excitement and throwing down chips may be fun, making bad bets can cost you in the long run. The only way to come out on top is to pay attention to what’s on the table, bide your time, and play smart.

This article was previously published in Inc.

To your best success,

 

Kelli Richards, CEO of the All Access Group, LLC

 

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

 

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

 

 

How Writing a Book Can Advance Your Career

A book can be a powerful tool for advancing your career and establishing yourself as a brand and as an industry leader.

When you think about promoting your brand, your mind leaps to speaking at industry conferences, sitting on relevant topic panels, contributing to online forums, and networking at events. But more and more professionals are also considering writing a book to boost their careers. And it makes sense: The market is ripe with literary opportunities, and the U.S. leads the way in self-published books each year, with 391,000 published in 2012.

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FreeDigitalPhotos.com

What’s more, writing a book is a great way to establish you as a credible industry expert. You can create a brand platform for yourself, increase your market value, differentiate yourself from competitors, and discover new ways to grow your authority in your field. But before you can add the title “published author” to your resume, you need to invest some time and energy in planning, crafting, and publishing your unique message–and understanding how the publishing world really works.

The Path to Becoming a Credible Published Author

The good thing about writing a book is that anyone can do it; there’s no licensing or training required. However, there’s more to writing and publishing a book than just powering up your computer. You have to plan and research to make your book–and, subsequently, your career–a success. Here are eight steps to create an effective writing and publishing process:

  1. Write what you know. Reflect on the topics you know best and are most passionate about. They will inspire you and make the entire writing process more fulfilling and enjoyable. As an expert in your field, it’s your experiences, insights, successes, authenticity, and–yes –failures that will set your message apart from all the others to convey authority and impact.
  2. Find your niche. Look around to see what relevant books are being published on your topic of choice; you may notice holes that you could fill within your target niche. Don’t be discouraged if your desired topic has already been written about. You can find a unique slant or approach that will differentiate you and your ideas.
  3. Write for your audience. Understanding what your audience wants and needs is incredibly important. Most of today’s readers are on the go, so they want to read content that gets straight to the point, solves real-world problems, and helps them learn new things quickly. Keep your topics focused, and format your book to appeal to your target audience.
  4. Brand yourself and your ideas. Consider creating a brand platform–with the book as the anchor and you as the authority–that drives home your message and leaves the door open for building upon it in the future. For example, a strong title will not only help you sell books, but it could also potentially galvanize an entire movement (e.g., “The 4-Hour Workweek”). I’ve always chosen very catchy titles for my books that still convey what the book is about, including “Taking the Crowd to the Cloud: Social Media for the Music Industry,” “The Art of Digital Music,” and “The Magic & Moxie of Apple: An Insider’s View.”
  5. Create a memorable presentation. Not surprisingly, the title and the back cover of a book are often the two most powerful things to consider before releasing your masterpiece to the world. They catch prospective readers’ attention and make them want to dive deeper.

I was very aware of this when designing the books, so the titles and subtitles are both catchy. In the case of “The Art of Digital Music,” the back cover was also carefully orchestrated–testimonials from credible third parties who will be recognized as relevant authorities or influencers in your field are very helpful in establishing an effective and immediate presentation and connection.

  1. Decide on your publishing path. Traditional commercial publishing might mean multiple inquiries and months of waiting, but that route is still considered more credible for some. However, given the promotional requirements put upon the author once a book is released, more authors are self-publishing with the help of distributors like BookBaby and Smashwords.
  2. Work with the best. Writing and promoting a book requires a lot of talent and fortitude, so work with a well-rounded team to get the best results. Ghostwriters and editors can ensure that your message and voice are polished and solid, and distributors and promoters can help you build and reach the perfect audience.
  3. Promote, promote, promote! Promoting your book and spreading your message is vital to both your literary success and your potential opportunities. If you put as much energy into marketing and promoting your book as you do toward writing and publishing it, you will discover many new ways to expand your authority and reach. Be aware that the author is always responsible for promoting the book, whether she’s distributing it herself or working with a commercial publisher.

Creating a campaign before the book is released is critical to having a successful launch. From promoting the book’s title and release date in your email footer weeks or months before it comes out to ensuring it’s available in all relevant outlets, the process can be taxing but rewarding. By encouraging colleagues and affiliates to promote it to their audiences and considering releasing it in multiple formats, you can connect with an even wider audience.

A book can be a powerful tool for advancing your career and establishing yourself as a brand and as an industry leader. For your endeavors to be successful, you must put careful thought and energy into the planning, writing, publishing, and promotional processes. In the end, your efforts could boost your reputation and unlock innumerable opportunities for the future.

This article was previously published in Inc.com magazine

To your best success,

Kelli Richards, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)

5 Ways The Cloud Can Make Your Business & Personal Life Easier

How can you use the Cloud to be more productive at work, to enjoy and share music and video, and to stay in touch with family and friends? Here are 5 ways the cloud will make both your business and personal life easier:

  1. ID-100126965The cloud allows you to store data remotely, rather than on your home computer, giving you easy access to your files from anywhere. This can keep you productive when you’re either in or out of the office, and also allows you to collaborate with others on documents, spreadsheets and presentations. The cloud really benefits small businesses because it allows for such great flexibility. You can access your data from anywhere, on any of your devices. Because you can update and share these documents on the go, cloud-based apps enable you to brainstorm with business colleagues as well as personal connections no matter where they are.
  1. There are cloud services that offer easy ways to keep track of your appointments, schedule meetings, take notes and help you to organize your day. To-do lists can help ensure that daily tasks are not forgotten. This certainly ups your productivity in business, and can keep your personal schedule running smoothly. No more missed anniversaries!
  1. You could say that web-based email was the original cloud. Instead of downloading electronic messages to your computer, cloud email lets you log in and view them from anywhere. As far as social media, when you like, retweet or pin something, and whenever you use a messaging app, you are doing it in the cloud.
  1. For entertainment purposes, streaming music and video on demand from the cloud affords you access to millions of files, as opposed to relying on what you could store locally on a specific computer. Gone are the days of burning cd’s or placing large amounts of media on your hard drive. You can host your own files to share pictures or home movies with family and friends, no matter where they are.
  1. Many data experts remotely recommend backing up those precious memories and important business documents and using a private cloud is a great way for individuals and businesses to securely store files.  No more worrying that hard disk failure or computer theft will mean the loss of your important files. When you make use of online storage and syncing services like Dropbox, you have been involved with cloud computing. The cloud also offers a disaster recovery solution in the event of an outage.

The cloud is becoming a bigger part of our everyday lives. Use it to enhance your business and personal life, increase productivity, and to give you peace of mind when you store and back up your most important files.

Until next time,
Kelli Richards
CEO of The All Access Group, LLC

PS: Always remember that your goals are possible to achieve. Believe in yourself and your ideas. Your intuition got you this far, so trust it. Don’t ignore your own excitement. Keep the passion burning and your vision front and center at all times. It’s the perfect fuel for your dreams. Visit: https://allaccessgroup.com

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