» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 197 | Wednesday, October 09, 2013

Lori Turner

Lori Turner-Wilson

Beware of Shiny Object Syndrome

By Lori Turner-Wilson

Print | Front Page | Email this story | Comments ()

The very quality that defines some of the world’s greatest entrepreneurs is the downfall of many. How’s that for irony?

The Harvard Business Review reports that most serial entrepreneurs display several common traits: persuasion, leadership, personal accountability, interpersonal skills and goal orientation. Likewise, there are several vital skills, necessary for long-term success, that many lack – one being the ability to organize, plan and stick with that plan.

Entrepreneurs are practically defined by their desire to continuously improve, whether it be products, processes, sales strategies or marketing approach. As serial innovators, most thrive on change. It’s certainly not a detriment. To the contrary, most successful people rely on change to improve their effectiveness and stay a step ahead of their competitors. But the desire for change, unchecked, can result in Shiny Object Syndrome – the desire for change for change’s sake alone.

You might be suffering from Shiny Object Syndrome if:

A mere month or two into executing a well-thought-out 12-month plan, you’re itching to veer from the course.

You’re always one of the first to invest time in the latest, trendiest social media channel – before there’s nearly enough critical mass for it to be worth your while.

You’ll easily abandon proven strategies that generate a positive, measurable return in favor of new ideas that “might do better.”

You are known for executing “one-off” marketing strategies – a sponsorship here, an ad there – but nothing with enough frequency for the market to remember you.

Your staff feels like they can never complete a project for all of the directional changes.

Your employees saw the Pixar movie “Up” and all thought of you – “Squirrel!” (Unsure? Ask your friends.)

If this is you, don’t despair. Awareness is the first step in the path to improvement.

Begin by surrounding yourself with a management team or advisors with planning skills and a sense of stick-to-itiveness. Be an active participant in the development of your company’s sales and marketing plan, using that innate creativity to offer new ideas for the group to vet.

In the end, however, when that plan is crafted and you’ve signed off, step out of the way and allow your team to execute. Avoid the temptation to micromanage or derail.

Allow them to do what you’ve hired them to do, while holding them accountable. In fact, agree on how you will define success, very specifically, in the plan. If success metrics are being achieved, give yourself and your team a pat on the back for sticking to your plan and then allow them to continue without interference. By settling back and placing trust in your team and the strategy you’ve put into place, you’ll realize greater results.

Lori Turner-Wilson is an award-winning columnist and CEO/founder of RedRover Sales & Marketing, www.redrovercompany.com. You can follow RedRover on Twitter (@redrovercompany and @loriturner) and Facebook (facebook.com/redrovercompany).

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 21 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.