Archive for the ‘Uncategorized’ Category

Is The IRS Looking For You?

Tuesday, March 9th, 2010

President Obama is looking for money in nooks and crannies.  One seat cover cushion he’s lifting:  the use of subcontractors.  If the budget is approved, the Internal Revenue Service will add 100 new boots on the ground to crack down on the misclassification of workers as independent contractors.  The IRS isn’t waiting though:  last month they also began a three-year audit of 6,000 companies (2,000 per year).  These audits are chosen by “statistical sampling” — aka random selection.  The size of the company won’t matter.  This is a break from their focus on larger companies with questionable returns.

Who should worry the most?  Small consulting companies who do more than advise for a few clients or any one local admin/fulfillment help in their home office.  Even if the latter is part-time, the IRS could rule they are an employee.  Check with your tax advisor to make sure you can stand the scrutiny.  As if we have time for this…

From basketball star to business visionary

Tuesday, February 2nd, 2010

After last week’s call on Big Dawg bios, I’m still getting questions about how to tell your story.  Here’s a great example of how to use your expertise in one area as a springboard to a completely different place.  Here’s how Fast Company reframed Phoenix Suns’ Steve Nash in last month’s issue:

“To watch Steve Nash is to observe someone uncannily at ease with change.  Rapid change.  (Enter basketball achievements here.)  No one better embodies the metabolism of our times, when industries, technologies, and careers are in constant flux.  (Enter more basketball stuff here.)  Nash demonstrates how to navigate uncertainty — with flexibility, collaboration, and inventiveness.  He has developed a gift for finding order in chaos.”

See how they did that?  They reframed his success on the basketball court and related it back to what we are all facing.  They took this basketball star and branded him as a change agent.  Click here to see the entire article.

BTW, it’s not too late to sign up for Extreme Mini Makeovers.  We recorded last week’s call so you can get the MP3.  Next session later this month will be on everybody’s favorite:  those dang elevator speeches and other tricks for high-end networking.  Click to hear my latest rant on creating your best bio and to sign up.

Meeting budgets flat for 2010

Thursday, December 31st, 2009

For the meetings industry, we’ve got an interesting mix of good/interesting news for next year.  According to Meetings Trends 2010 survey, planners are optimistic about the return of meetings.  Yep, the era of canceled meetings is over.  The newest threat on the horizon for speakers:  meetings are back, but the budgets are flat.  About 45% of corporate planners report no increased budgets for their meetings.  This matches a lot of antidotal information out there — every expense will be scrutinized.  Be prepared to negotiate everything:  speaker fees, travel, even for books.

Let’s be thankful…and get busy

Thursday, November 26th, 2009

It’s Thanksgiving here in the U.S.  This holiday reminds me of two things:  1) the holiday season has begun; and, 2) that’s when people get sloppy.

Given the challenging economy, it’s tempting to focus on the festivities and virtually shut down your business.  No one’s making decisions anyway, right?  Wrong.  Now is not the time to hibernate.  It’s time to look back and be thankful for every single thing that happened — either you succeeded and learned something or you just learned something.  There is always someone worse off than you.  Be thankful for every thing you have and move forward — what you do right now impacts 2010.

When brands go bad

Thursday, November 19th, 2009

When meeting industry association SITE (Society of Incentives and Travel Executives) decided to rebrand, guess what word was left out?  Incentives.  Now known as lavish boondoggles.  New buzzwords:  motivational experiences and/or engagement programs.

Heads up:  the same thing might happen to “motivational speakers.”  I hear rumbling about not hiring “those motivational speakers” as opposed to those with more educational content.  This unfortunate idea hasn’t gained much traction…yet.

The moral of the story:  watch your labels.

Upcoming trend in workforce demographics

Thursday, October 29th, 2009

Heads up:  there’s another trend besides Gen Y out there.  Several industry reports show that the 65 and older group is the fastest growing category of job changers.  (Newest buzzword:  “re-careering.”)  Interesting finding according to Trend Letter:  they care less about pay and prestige.  Growing fields in nursing, education, and social services already have an above average percentage of these folks.  Great opportunity for all you OD, workforce, recruitment, and multigenerational folks out there.  Watch for more need for finding, hiring, and engaging in this category.  Want to know more?  Here’s a study from the Urban Institute:  http://www.urban.org/publications/1001272.html

The high cost of communities

Thursday, October 8th, 2009

It’s conventional wisdom by now — having your own community is a fail-safe strategy for this economy.  And everyone is jumping on the bandwagon, even the big-boy media, such as Business Week.

And they are the poster child of the dark side.  The New York TImes article last month unveiled some ugly math:  BW invested $16 million in 2007 and 2008, but generated just $600,000 in revenue last year.  Ouch!

Moral of the story:  “build it and they will come” strategy does not guarantee revenue.  Building a community can either be a bright shiny object to pour money into or a way to solidify your base of support.  Let’s explore the difference and how to create the latter on Tuesday’s Here’s the Deal call.  Here’s the link to sign up.

Killer communities have great relationships

Tuesday, October 6th, 2009

Everyone’s talking about building a community these days.  Why?  Because we all know that relationships are important.  The key question:  how to turbocharge relationships, especially if you’re not the perky “people person”  (guilty as charged).  According to Maribeth Kuzemski — one of my favorite people — having a killer toolkit makes all the difference.  Her newest book The Connectors:  How the World’s Most Successful Businesspeople Build Relationships and Win Clients for Life (Wiley, September 2009) has uncovered the details, the tangible how to’s of creating better business relationships.  My personal favorite:  how to be a connector even if you’ve never been a people person.  Makes me want to get out of the bat cave and make some friends…

Seriously, Maribeth is doing one of those promotions, so if you order the book today you get tons of goodies.  Go to www.theconnectorsbook.com to order and get your cool, free stuff.  And I’m drilling down on the strategic use of communities in my upcoming Here’s the Deal call on October 13th.  Here’s the link if you want to join the fun:  www.sullivanspeaker.com/HTDcommunity.htm

Cry me a river

Thursday, July 30th, 2009

Due to the econmy, Sponsorship.com has issued a first-ever, mid-year spending forecast. Sit down for this. The horrible news; corporate sponsorships have increased by only 1.1 percent this year. Gasp!! That’s right, sponsorship spending by U.S. and Canadian organizations will be a mere 16.79 BILLION dollars for 2009.

I’m almost speechless. Folks over there need to get a grip. Yes, this is a huge change from the double-digit growth in the boom times. Bothered by an increase when almost six million people have lost their jobs? When the meeting and training industries are suffering major cuts? When advertising and sales promotion budgets were hit with 4.2 and 2.3 percent cuts? I can here the violins playing from here…

Biggest winner: Association spending, with a 3.3 percent increase for a total 2009 spent of $498 million. Another favorite – cause marketing – came in at a respectable third place with a 2.9 percent increase for a total 2009 projection of $1.5 billion. Sports deals took the biggest hit, increasing less than one percent.

What tools are in your tool box?

Thursday, July 2nd, 2009

One of my biggest points from last week’s Here’s the Deal call on web sites: buyers today are looking for tools to implement your great ideas. Just throwing up content like white papers won’t cut it. Here’s a great example from the intense tradeshow industry: a calculator to determine your cost per lead and cost per closed sale. How handy is that? It’s specific, it’s simple. And best of all, it gives the user an industry benchmark to compare themselves with. If we had more of this stuff on our sites, I just know user experience would soar. Moral of the story: give someone a way to use your expertise and they will want more of it.

Check out this cool calculator here: http://tinyurl.com/msbdee. And if you want the mp3 file from last week’s call, you can buy it here for only $59.