The Business Linchpin
Legacy signals
Legacy popularity: 1,604 legacy views
Is there a linchpin that could start a domino effect that could devastate your business? Or, is there a tipping point that could start an avalanche of success like a runaway snowball?
Interesting questions, but is there an answer? My wife and I love to watch the hit TV show Castle. Recently, they had an intriguing two part episode that explored this concept of a linchpin. In the story, an economic linchpin was discovered that if put in motion would destroy the United States economy and start a downward domino effect that would lead the globe to World War III. It was a very entertaining escapade from our daily lives and in the story the bad guys almost succeeded? But, it got me thinking. Is it possible? Could one event so delude human reasoning and magnify emotions to the point of utter devastation?
I believe that there very well may be a linchpin or a tipping point for your business. Let's explore the linchpin first. What if you had all your eggs for success in one basket and you lost the basket? Do you see where I am going with this? Brian Tracy says that "Everything Counts" when it comes to selling. What if you or one of your associates kills (accidentally of course) the business with your largest client? What if that client composed of 85% of your annual business? Could you survive...or would it be your linchpin?
So, what is the solution? We must avoid the business error so many of us are guilty of, including myself. We put most of our eggs in one basket and if we lose that business, we are headed towards economic devastation known as Chapter 11. We avoid it by spreading out our marketing. By kicking into high gear our prospecting for new and more clients.
The only way to avoid the business linchpin is to make sure that no one event or any one client so controls the life blood of your business existence. Spread it out. Market more. Do business with different size clients. That will kill the linchpin…and not you.
Now, let's talk about the tipping point. Is there a point where all your marketing, all your sales, all your success converge into a place where it spills over to tremendous, incredible visibility and success? I believe so. Why do some products go viral?
I don't think we can know the answer...but we know they do. In fact, this article may go viral, but why this one and not another one?
Your tipping point exists and it will find you...if you continue to practice business success. In fact, do more of it. Supercharge it. What will make you more visible? What will get you and your product or service more attention? How can you get your product or service into the hands of more people? How can you serve them more than you currently are? Seek the answers to these questions and take action on what you discover and before you know it, your tipping point may find you.
Article author
About the Author
Are you losing credibility & sales because of poor presentation skills? I help teams, like yours, learn how to give Extraordinary Presentations...and gain more clients!
Mark Bowser is an expert in the areas of Selling Success, Leadership, and Customer Service. He can help you and your team get where you are going. He can be reached at www.MarkBowser.com.
Mark Bowser's book "Three Pillars of Success" is now available in Amazon's Kindle ebook format. Check it out at http://www.amazon.com/Three-Pillars-of-Success-ebook/dp/B007BKQTG6/ref=s...
Further reading
Further Reading
Article
Translating Talent Management Into Corporate Value Creation
Successful organizations do not stop at attracting and retaining talented employees as part of their ingenious human resources management initiatives and organization development interventions. In fact, attracting and retaining talent is just the beginning in their complex process of building ...
Related piece
Article
Broadening The Scope Of The Training Function
The new year has begun charged with many unpredictable factors including: a bad economy, lower levels in consumer confidence and expending, a serious financial crisis, drastic changes in lending practices, increases in personal and corporate debt, a decrease in cash flow and savings, the ...
Related piece
Article
One Big Happy Family: Hire & Retail Top Talent!
A new business owner confessed to me once that her company was growing so fast, she felt she just had to get a body in the door. After living through the pain of a very disastrous hire – the kind that almost destroyed her business – she has a brand new perspective on the situation. Most people ...
Related piece
Article
Corporate Training. A Trainer's Perspective
Trainers become trainers for several reasons. Sometimes they have a passion for it. At other times they simply enjoy the limelight. Sometimes they see it as the shortest path to mammon. Passion alone may not always be enough. Usually it is a combination of passion, skill, experience and that x factor is what really makes a trainer worth her weight in gold.
Related piece