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The Monday Morning Memo

According to Whose Rules?

November 9, 2015

| Download
https://podcasts.captivate.fm/media/fca8becc-31dc-498a-902b-7a78cb835273/MMM151109-WhoseRules.mp3

TheBeagleHalfDozen_780When each customer buys four and a half times the average amount of stuff per visit and you attract four times the average number of visitors, you make eighteen times as much profit. (4 x 4.5 = 18)

If you run your convenience store according to the rules and conventions of convenience stores, you’re going to have yourself a conventional convenience store.

(1.) But if you run your convenience store according to the rules and conventions of a successful nightclub, four times as many people will stop to buy gas from you and you’ll sell four and a half times as much coffee, candy, cookies and snacks to each visitor…

You’re going to make a glowing pile of money. People will think you’re radioactive because you’ll glitter when you walk. Complete strangers will ask you for your autograph. Pretty women will throw their room keys onto the stage.

Just ask my partner, Scott Fraser. He created that convenience store 12 years ago and it’s been pumping out profits like a Texas oil well ever since.

His competitors tell him he’s doing it wrong.

(2.) If you run a gym according to the rules and conventions of gyms, you’re going to have yourself a conventional gym. But run that gym according to the rules of an exclusive country club and… BOOM, you glitter when you walk.

(3.) If you run a lawn fertilizer company as though it were

(A.) a public utility, and
(B.) a one-price, all-you-can-eat gourmet buffet…
BOOM, room keys on the stage.

Don’t conform to the rules of your business category. Reconform your business to the rules of a time-tested, proven business model that behaves completely differently than your own. A standard practice in one business category is often revolutionary in another.

This isn’t “thinking outside the box.”
This isn’t “a paradigm shift.”
You and I aren’t going to use those worn-out phrases because you and I aren’t posers in empty suits.

You and I glitter when we walk.

Have you noticed how the best TV shows always cut to commercial during a climax in the action? I’m going to do that today. I hope you don’t mind.

Next week I’ll tell you where you can find a video of me explaining all the real-world details of exactly what we did for that convenience store, that gym and that fertilizer company.

In the meantime…

Keep glitterin’, kid.
It looks good on you.

Roy H. Williams

Fired-Up-Cover_BeagleThe Fired Up Selling Project is a nationwide campaign to identify and showcase the top 300 statements ever made for brightening the spirits and focusing the minds of sales professionals and entrepreneurs. Would you like to be one of the judges who gets to decide which quotes make that list? Ray Bard, the owner of Bard Press (and the first-ever chairman of the board of Wizard Academy) is inviting you to help him select the final 300 quotes that will be published in 2016 and sold in bookstores nationwide. Ray tells Rotbart all about it this week at MondayMorningRadio.com.  You’ll be glad you listened. And you can quote me on that. – Indy Beagle

Grant_Indy_Beagle_Parrot_ThumbSee your customers through the lens of the Myers-Briggs Type Indicator. Dr. Richard D. Grant is old enough to be your grandfather, young enough to be your little brother, funny enough to do stand-up comedy and insightful enough to give you magical advice about how to connect with customers their way. Spend a day with Dr. Grant and he’ll take you on a fascinating journey that has awakened every traveler that has ever journeyed with him.

The Jabas Boys are holding this event in Tuscan Hall on December 9, 2015. They plan to videotape the event, consequently it can’t be held in the tower at Wizard Academy and rooms won’t be available in Engelbrecht House or Spence Manor. This is going to be a fun event even though it’s not a Wizard Academy function. (Tuscan Hall isn’t on the campus of Wizard Academy but is privately owned by Williams Marketing, Wizard Academy’s very friendly next-door neighbor.)

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- Franz Kafka

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