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Daily Nuggets: A For Impact Blog

Future Cities Accelerator at the Unreasonable Institute


We are deeply committed to the formation of talent, leadership and ‘sales skills’ in the social sector. One of the ways we think about giving back and impacting the sector comes in the form of our partnership with The Unreasonable Institute.

We’re really proud of the team at the UI. They now provide accelerator and support programs to Social Entrepreneurs in over 30 countries!!! Since the institute’s inception, we’ve provided pro-bono mentorship and coaching to these entrepreneurs.

We think of Unreasonable Institute as a platform that finds, attracts and supports the most promising Social Entrepreneurs on the planet – they are GREAT at this.

For our part, we benefit from proximity and relationship with entrepreneurs all over the world – working on some of the most complex problems ranging from clean water, to climate change, to housing, to health (access). In terms of impact, we view this as a huge leverage point. We get to be with these entrepreneurs as they BEGIN their journey (toward scale).    

 

The Future Cities Accelerator:

Kerry and I are preparing to leading a two-day Boot Camp around Storytelling and Sales at the Future Cities Accelerator. This is a new Unreasonable Institute concept developed in partnership with The Rockefeller Foundation to find, support, and scale ten game-changing ventures supporting poor and vulnerable populations in the US.

As we prepare to spend time with these entrepreneurs, here are some key refrains we will share:

  • We become what we think about.

    In addition to the global power of this insight, we caution social entrepreneurs from getting too caught up in messaging ‘earned-income revenue’ or ‘biz model’. These are HUGELY important, but entrepreneurs can get distracted as they make their way through awards circles, fellowships, and conferences. They seem to be sucked into a world that debates the how at expense of story about the why and the what.


    Eyes on the prize. And the prize is the impact.
  • There are no rules.  

    (Assuming ethical and legal baseline, but beyond that, there are no rules.)  Everything we share in terms of our frameworks are simply constructs that we’ve made up (and tested A LOT). Don’t ever think there is some magic fundraising (or entrepreneurship) secret that you don’t know. There isn’t.
  • We are taught to present, not to engage.  

    Simply ask yourself before every pitch, or sale,  
    “What would ENGAGEMENT look like in this situation?”

    Use more visuals. Be simple. Ask questions. (Despite the fact that every entrepreneur is going to have you make a pitch deck – outside of silicon valley, boulder and wall street – nobody uses a pitch deck.)
  • Think Big. Build Simple. Act Now.

    We don’t believe that ‘Changing the World’ has to be cliché. ‘Changing the World’ is the epitome of THINK BIG! And it’s only cliché if you can’t follow-up with how you’re going to do it – SIMPLY and IMMEDIATELY.

Entrepreneurs will complete the boot camp next week after which our team will provide coaching and support for nine months. I hope to be able to share some great stories about innovation and promise for impacting our most vulnerable populations.

 

Set Your Intent at the Start of the Visit


Set your intent at the start of a visit. In conjunction with strong predisposition, an INTENT will help you TRANSITION throughout the conversation and DRIVE toward an ask.  

Stating intent could be as simple as outlining the FLOW for the visit, “Thanks for taking time to visit with us today. As George shared, we’re hoping to connect with people that really have a similar passion for helping youth. What we would like to do is take a few minutes to get to know you [the OPEN]. We would like to share a little bit about what we’re doing [the STORY]. And, then, if it’s okay, we would love to talk about ways to help [the ASK / Presenting the Opportunity].

When they’re not able to navigate the ‘flow-of-the-visit,’ Development Officers have a hard time transitioning to the ask. It’s as though they are waiting to be invited to have a discussion about how the prospect can help.

In a broader and universal sense, any discussion is more productive when framed by a clear intent. As a reminder, here is the framework we use to illustrate the ‘The Flow of the Visit.’

 

The Development Professional Triple Legacy


Most of us hope to leave a legacy – for our families, communities, those we serve, our world… And many of you reading this have an even more unique opportunity to leave a mark.

As a development professional (in many cases, this includes executive/volunteer leadership), you have the chance to be a part of three legacies:

  1. The Legacy of the Funder. It’s your job to help funders and leaders move from success to significance. That cannot happen without you.

  2. Your Personal Legacy (or Brand). Think of this as the positive energy, attitude and optimism you bring to your team every day.

  3. The Mentorship Legacy.  Every great leader and every great sales professional became great because of hard work AND because of great models. Be intentional about this legacy. Your impact will not be contained to your organization – it will multiply (for better or worse) as the next generation assumes leadership to be for impact.

Fidelity to a Worthy Purpose


Purpose Clarity


This month’s print edition of HBR makes mention of a new study supporting ‘the purpose-profit’ connection (p32).  The study looks at the relationship between strong purpose and public company financial performance. I believe the insights apply to all organizations – That is, any organization with a strong purpose will see increased performance.

The study finds there is a strong link between PURPOSE and PERFORMANCE (or, in my adjusted language, IMPACT). Researchers make a distinction in two types of high purpose organizations. The first is what it calls ‘high camaraderie’ where everyone simply has a sense that they are doing something great, TOGETHER. The second type of purpose is ‘high clarity’ from management. This is noted as the type where managers excel at translating purpose into action.

The statistically significant performance bump was only found with organizations that have ‘purpose clarity.’

As a leader, think not just about PURPOSE, but ‘PURPOSE CLARITY.’  To help you with this, I would bridge some of the findings of the research with some of the For Impact teaching. Think about PURPOSE as an anchor for your STORY. And, by story, I don’t mean a narrative with a beginning-middle-end. I mean how you FRAME the organization.

A GREAT STORY…

  • Is anchored in hope-filled purpose (Start with WHY!)
  • Simplifies WHAT you do.
  • Serves as a litmus for action.

Some of the writing in the research study further supports thinking about placing PURPOSE inside of STORY.  “The company’s primary purpose – the real one, which isn’t necessarily the one written in the official documents or etched in the wall plaques – [that] guides its actions and decisions.”

———————–
Gartenberg, Claudine Madras and Prat, Andrea and Serafeim, George, Corporate Purpose and Financial Performance (June 30, 2016). Columbia Business School Research Paper No. 16-69. Available at SSRN: https://ssrn.com/abstract=2840005

The Funding Roadmap: Align Your Story, Team and Sales Process


The For Impact Funding Roadmap has been built, tested, and refined in working with thousands of organizations to raise over $2Billion. Though each organization is unique, we believe the Roadmap has universal application – Whether you’re a startup, a college running a large campaign, or an international NGO – every funding initiative needs a STORY, a TEAM, and a FUNDING PROCESS.
[Download the PDF.]

Here are some quick thoughts on the Roadmap. [We’re also leading a teleseminar this Tuesday with more explanation, examples and help to APPLY the Funding Road Map to your funding. Register here.]

Design your STORY

The funding roadmap begins with STORY.  A great story is anchored in hope-filled purpose, simplifies what you do, and serves as a litmus for action.

  1. Simplify your MESSAGE. Message is what people HEAR, not what you SAY. What do we want people to HEAR? Ultimately, this should be a message about CHANGING, SAVING, or IMPACTING lives.
  2. Create your FUNDING RATIONALE. A Funding Rationale is why you need the money, and what you will do with money. Another way of thinking about this is around defining the ask. (Most organizations don’t have a good ‘ask’.)
  3. Design your PRESENTATION. The ‘ASK’ is an experience. We actually stop to think about the complete experience, from predisposition, to the environment, to the materials.

Really important point about STORY. This is not just a ‘funding thing’ – It guides your IMPACT and provides MEANING for your TEAM.  Organizations so often enter a cycle of strategic planning – I wish there was a norm to enter into a cycle of STORY planning!

Develop your TEAM

Jim Collins says, “First WHO, then WHAT.”  With our Funding Roadmap we might say, “First WHY, then WHO, then WHAT!”  

  1. Commit to SALES.  Every organization needs to STOP and make a commitment to sales. What does this mean for your team? For your organization? For your strategy/resources?  
  2. Engage LEADERSHIP.  Leadership needs to be bought into the STORY and likely even the source of the STORY. Leadership also needs to be bought into the model.  
  3. Model TEAM SELLING.  This is about defining roles and responsibilities for staff, board and champions.  

    Important note: In a true sales model, your board is not responsible for fundraising! In a true sales model there is a role for board members that is very different from saying they are responsible for fundraising.

FUND your VISION

  1. Identify/ Prioritize/ Strategize your PROSPECTS.  Prospects. Drive. Everything.
    There is a lot to say on prospects (that’s why we have a whole guidebook) but here are some key points:

    • Focus on your top prospects
    • Focus ‘top-down’
    • Present the Opportunity (And don’t make decisions for your prospects!)
    • When building a strategy ask this question, “What would it look like to maximize this relationship?”
    • Maximize relationships at this given moment
  2. Just VISIT. In the words of the prolific sales trainer, Brian Tracy, “Spend more time with better prospects.” We’ve been teaching this for years. There is so much value in the old maxim, “JUST SHOW UP.”
    The visit is the entire context for the ASK. It has three parts:

    • Predisposition
    • The Presentation
    • Follow-up
  3. Just ASK. This is kind of an alpha/omega to everything we teach.

Finally, it’s worth tying this all together as it relates to the For Impact Point of View:

Impact Drives Income.  

Impact is about your STORY.  

You need a PROCESS to make the INCOME happen.  

And, PEOPLE drive everything!

The Difference Between a ‘Natural Partner’ and a ‘Relationship Manager’


Here’s a topic that comes up often with some of our coaching clients – Especially when there is lack of role clarity around maximizing relationships!

A NATURAL PARTNER (N.P.) is a person (either inside or outside of your organization) who has a strong relationship with your organization and an existing relationship with the Qualified Prospect(Q.P.) – Or a reason to believe one can be established quickly!

Externally, Natural Partners can be on your Board, they can have a business relationship with the prospect, they can be members of the same club or organization or they can be fellow community leaders, etc.

Internally, the Natural Partner can be anyone from the President/Executive Director to top senior leadership, to a staff/programming person who has a great relationship with the prospect.

It’s important that you determine the difference between a RELATIONSHIP MANAGER (R.M.) and a NATURAL PARTNER.

The RELATIONSHIP MANAGER does not necessarily have to have an existing relationship with the prospect. Their job is to do exactly what it says – MANAGE THE RELATIONSHIP. The Relationship Manager is always a member of the ‘Green Team’ – I.e., directly responsible for maximizing relationships on behalf of the organization/impact. It is perfectly fine for multiple people within the organization to have a relationship with a Q.P. – as long as the Relationship Manager has been defined.

The NATURAL PARTNER can have an existing relationship, or the ability to create one immediately, but most importantly, they play and instrumental role in Team Selling. They can:

  1. Help get the visit! Opening doors is one of the most productive things N.P. can do!
  2. Predispose the Prospect to a great visit! A N.P. can send a great note ahead of the visit – “I know you’re meeting with Sharon on Friday – I’m so excited for the two of you to meet, for you to hear about the vision and getting more involved in our impact! I’ll check in with you after”
  3. Follow Up! A call from the Natural Partner (after a check in with the R.M.) can be hugely beneficial. “How did it go? What did you think? What can I do to help?”

 

How to Leave a Voicemail


Most people don’t know how to keep control of the next action when leaving a voicemail. This can have a huge / negative impact on your selling, fundraising, or follow-up in general! This is a tactic I picked up early in my sales career. It’s simple and effective.

Most people leave a very standard voicemail. “This is Nick Fellers, I’m calling about XYZ. My phone number is 614-352-2505. Please call me back.”

Do not leave the responsibility for follow-up with the prospect. It’s YOUR responsibility!

Instead, “It’s Nick Fellers, I’m calling to connect about ______. I’m sorry I missed you. You can reach me at 614-352-2505. Or, I’ll try you again later.”

This keeps you in control of the follow-up action.

Dream in Years. Plan in Months. Evaluate in Weeks. Ship Daily.


This tweet caught my eye. (If you’re reading this via email or rss reader, make sure you load the picture).

From U.S. Chief Data Scientist, DJ Patil.

What a GREAT notecard!

-Dream in Years.
-Plan in months.
-Evaluate in weeks.
-Ship Daily
——-
-Prototype for 1x
-Build for 10x
-Engineer for 100x
——-
-What’s required to cut the timeline in 1/2
-What needs to be done to double the impact

Have a Triumphant Thought Pattern


Early this am I was re-reading The Power of Positive Thinking by Dr. Norman Vincent Peale (1898 – 1993). Dr. Peale is one of the original positive psychology authors. He wrote from a theological place of origin and applied teachings in a secular context. In 1984 he was awarded the Presidential Medal of Freedom for the tremendous and positive impact of his message.

Dr. Peale’s First Principle of Positive Thinking is: BELIEVE IN YOURSELF.

On the subject of believing in yourself he writes, “Feelings of confidence depend on the type of thoughts that habitually occupy your mind. Think defeat and you are bound to feel defeated. But practice confident thoughts, make it a dominating habit, and you will develop such a strong sense of capacity that regardless of what difficulties arise you will be able to overcome them.”

And, “The secret is to fill your mind with thoughts of faith, confidence, and security.”

I made many highlights and notes on those two paragraphs, then came the nugget that LEAPT off the page (in bold).

“I know a man who is a tremendous asset to his organization, not because of any extraordinary ability, but because he invariably demonstrates a triumphant thought pattern. Perhaps his associates view a proposition pessimistically, so he employs what he calls “the vacuum-cleaner method.” That is, by a series of questions he “sucks the dust” out of his associates’ minds; he draws out their negative attitudes. Then quietly he suggests positive ideas concerning the proposition until a new set of attitudes gives them a new concept of the facts.”

TRIUMPHANT THOUGHT PATTERN!!!

That’s what we should strive to bring as leaders and salespeople!!!

Here is the question I wrote to myself? “What can I do to make a TRIUMPHANT THOUGHT PATTERN my consistent discipline and contribution?”