Marty Grunder |
You’ve undoubtedly heard the story of Capt. Chesley Sullenberger who landed the US Airways jet in the Hudson River and saved 150 lives in the process. I’ve listened in amazement to the conversation he had with the air traffic controllers when the plane encountered some birds that shut down both engines rendering the massive jet powerless and gliding to a landing. What’s amazing about Sullenberger was the calm in his voice. He didn’t panic; he simply let his training take over and worked the plan he had been presented with in training and, best of all, it worked! There’s a business lesson you can learn here: Don’t panic. It’s very easy to panic right now. Entrepreneurs like us are hurting right now. It’s not a time to take crazy risks, but it is time to work your plan and not panic. Recently I spent a day with Joe Calloway, the author of “Becoming a Category of One: How Extraordinary Companies Transcend Commodity and Defy Comparison.” The book focuses on what companies can do to differentiate themselves and be the best in their categories. As Joe looked at my business and what I was and wasn’t doing, he gave me a piece of brilliant advice: “Whatever you would do in the long term, do in the short term, and don’t panic.” In other words, work your plan. Let’s explore this with a couple of examples specific to our industry. EXAMPLE NO. 1. You’ve been in business more than 25 years, and have a sterling reputation. Much of your work comes from word of mouth. If someone is building a big, new home in the area, they call you. But, only two new homes have been built in your area in the last 30 months.
Here’s what you don’t do. You don’t start mailing coupons. You don’t start calling on shopping centers to see if you can mow their grass. You don’t take out billboards saying, “No job too small” or “We’ll match any bid.” |
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