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You need funds “For What?”

Nick and I were brainstorming yesterday about a coaching client. Talked about trying to get them to stop begging for money… and start answering the question:

“FOR WHAT?”

Neither of us can figure out why this ends up being so powerful, but it just is.

In the start-up/entrepreneurial world, we call this USE OF FUNDS. It answers the question: “Where does the money go?”

It’s tied directly to packaging your Priorities and Projects and Programs (obviously around your IMPACT) vs. ASKING FOR MONEY!

Stop begging for money. Start talking about the WHAT and the USE OF FUNDS!

3 Champions

Coming off a crazy few weeks.  I had some time early this morning to reflect on my time in California with Sparkseed’s DANGEROUSLY AMBITIOUS 2010 superstars!  Was literally surrounded by very, very, very dangerously ambitious young men and women not just dreaming about changing the world… but actually doing it!

Every Social Entrepreneur, For Impact Leader, Social Enterprise Founding Team… needs money.  It’s a given.

Every one of these superstars wanted the ‘magic answer’ for their next round of financing.

I found myself giving the same ‘coaching’ to almost every one of them.  Here it is.

3 CHAMPIONS!!!

Everybody is trying to finish their Business Plan.  Pretending they’re going to meet with Venture Capitalists.  Practicing their pitch.  Looking at presenting to hundreds of potential investors.

In literally every case… I forced the issue/begged the question:

WHAT IF… you visited/met with your absolute best 3 CHAMPIONS???

One of these 3 people you already know and is involved with you.  The other 2 are deeply involved and engaged in the ‘space’ (the Cause, Entrepreneurship or whatever).

  • CHAMPIONS are obvious.
  • CHAMPIONS don’t need a 75-page Business Plan!!  They’re investing in you!
  • CHAMPIONS are meant to be advisors AND investors!!!
  • CHAMPIONS are ANGELSnot Venture Capitalists!  Actually, they’re ARCH-ANGELS!
  • CHAMPIONS let you do the math, lay out your use of funds over the next 3 to 6 months, and then PRESENT THEM THE OPPORTUNITY to be part of your change the world solution.

The more I thought about this 3 CHAMPION strategy, the more I realized it wasn’t just for start-ups or Social Entrepreneurs or new Social Enterprises.

It’s true for every single FOR IMPACT ORGANIZATION!!!

WOW:  If every organization involved with For Impact right now were to go out and visit with their 3 CHAMPIONS… they could raise a minimum of $1.5 BILLION in 3 DAYS!!!

Based on over 35 years of banging around in this 3rd Sector with thousands and thousands of organizations… I can tell you that there is nothing stopping you from doing this… and guarantee you that the results of visits with these 3 CHAMPIONS will transform your organization.

<span style=”font-size:16px”>B2A FOR IMPACT TRAINING</span

*The Math: 5,000 Organizations x 3 Champions x $100,000 Champion/Angel Investment = $1.5 Billion.

An Example of the Power of Story

Here’s a summarized version of the STORY for The Abbey Theatre in Ireland.

They’re an amazing organization, with an incredibly rich history, a glitch five years ago that has been dramatically reversed, a terrific Senior Team and more.

We have been working with The Abbey for a little over a year, and I believe they would tell you that one of the most important things we’ve done as their COACH has been to help them tell their story! Obviously, as a theatre/artistic/performance group… The Abbey and its leadership understand the whole idea of ‘STORY’. The challenge was that the story they were telling (and not telling) wasn’t working.

Hope the following helps you understand how truly powerful is the whole idea of STORY.

THE ABBEY’S STORYLINES:

    The ORGANIZATION STORY. THE NATIONAL THEATRE OF IRELAND! For over 100 years have been staging and reflecting Irish life and culture. Deeply engaged in the Easter Rising in 1916 (founding of the country!) … and will be again on the 100th Anniversary in 2016. Major challenges in 2004, leadership, financial, etc. Big-time turnaround. Superstar Artistic Director. Super-smart CFO. ‘Brilliant’ new Senior Team. New financial controls. New Message and Marketing. Now in position to scale and grow the IMPACT of The Abbey in Dublin, Ireland, the United States and around the world.
    The MESSAGE STORY. Again, THE NATIONAL THEATRE OF IRELAND! Staging and reflecting Irish life and culture. Connecting TALENT and AUDIENCES!

(more…)

Re-Write Your Destiny in Business and in Life

THE POWER OF STORY (PART II)

Jim Loehr is one of my favorite authors. He began his career working with high-profile athletes in tennis and moved to other sports. He now runs the Human Performance Institute in Orlando, where he now focuses on executives and leaders.

The Power of Full Engagement is required reading in our little organization. The entire message is on the cover:

Manage Your Energy, Not Your Time.

His recent groundbreaking book, The Power of Story, talks about the way we tell STORIES about ourselves, to ourselves – and how we can change those STORIES to transform our business and our personal lives.

“Your story is your life.” Jim Loehr makes this point early and often. While much of the book is geared towards our personal stories… every idea, nugget and point has amazing relevance to all of our organizations as well.

I cannot recommend this book highly enough. It can change the way you think, operate and even fund.

3 Teasers:

    1. The 3 Rules of Storytelling. (Page 137)

    PURPOSE. TRUTH. ACTION.

    2. IT’S NOT ABOUT TIME.

    Great summary of The Power of Engagement, ENERGY, focus, etc. (Page 153)

    3. FALSE ASSUMPTIONS turned into stories.

    Loehr says that much of the material of our life and organization stories are based on assumptions – many of which are not true. (Page 68)

Order this book fast. Download it on your Kindle. Do whatever you’ve got to do to understand THE POWER OF STORY.

The Power of Story

Everything you do should be built around a STORY!

As often happens, Nick and I came at this whole STORY thing independently during our ongoing work, coaching and training. We were at the Creek kicking around some ideas for upcoming Board and Custom Training when we realized that we had both been putting increasing emphasis on the whole idea of STORY.

STORYLINES. STORYBOARDS. STORYTELLING. We finally agreed that the Power of Story transcended just about everything.

The ‘Short List’:

    The ORGANIZATION STORY. (Founding. Problem/Solution. Etc.)
    The MESSAGE STORY. (Purpose. Vision. 30,000’.)
    Your PERSONAL STORY. (Part of Flow/Open. 3 Bullets.)
    The LEGACY/HISTORY STORY. (100 Years Old. Founded before the Country. 1st whatever.)
    The MATH/NUMBER STORY. (The Gap. Income & Expenses. Revenue Streams.)
    The CAUSE & CASE STORY. (Again, Problem/Solution. Impact.)
    The MODEL STORY. (Business Model. Funding Model.)
    The PLAN STORY. (The HOW we will get there. The ‘Blue’ Plan and the ‘Green’ Plan.)
    The FUNDRAISING/DEVELOPMENT STORY. (Authentic. Haven’t been out asking, etc.)

WHAT IS YOUR STORY???

Is your story awesome? If not, make it awesome.

Last week I was with an organization (to remain nameless) that had a super simple message but a really bad story.

In talking with the group it was instantly apparent that the message was trumped by a really bad story. While the org had a powerful, simple message on paper, the story I heard from several staff and board members was one about a long history of ‘not fundraising’, ‘yeah buts’ and program stigmas. “We are still very much a little charity that deals with something most people are uncomfortable talking about. Donors aren’t used to giving to us and they think we have all the money we need.”

I heard this again and again.

Let me tell you a different story about the same organization… all true.

  • This ‘little charity’ generates $15M/year through several funding streams – including fundraising.
  • It impacts over 8,000 families each year and completely changes… even saves the lives of scores of children who have been subjected to some of the worst atrocities imaginable.
  • People come from all over the world to work with this team of inspired and innovative leaders, counselors and program managers.

Your story is what you are. YOU tell your story. It can be eyyore-ish or awesome.

Action:
Write down, in bullet-point-form, the things that get you REALLY FIRED UP about your organization. Connect the dots (literally) and you have the start of a pretty good story.

We did this exercise with the organization mentioned above. They were the ones to generate the compelling storylines. The process illustrated that they already owned both stories. We didn’t come in from the outside, for instance, and try to write a new story.

8 Big Prospecting Questions

You’ve just had the fourth straight board meeting in which you asked for names… but you didn’t get any. Yes… I AM psychic! [sarcasm]

This happens in hundreds of meetings everyday. It’s not fruitful. What board members hear is this question, “Who do you know that has money that you could go ask?” There is no context for the names… we don’t have a grasp on what will happen with the names (story, process, etc) and we’re not sure what a prospect really looks like.

At a higher level, we need to think in a more strategic way about all prospects… about maximizing relationships… the definition of a prospect and how to generate more qualified prospects.

For prospecting, think about how you can use these big questions internally and externally.

  1. Who are our top 10 best prospects?

    Before you think about new prospects the most important thing you can do is write down you top 10 beest prospects (in descending order of importance). Most organizations… most businesses… don’t do this. Having a top 10 is fundamental. Then we can ask the next strategic question…

  2. Have we maximized our best relationships?

    If not, why?

    As For Impact coaches we’re adamant about getting you a working story and process before adding more names. More names won’t do any good if you’re not maximizing the names you have already. If orgs aren’t not maximizing relationships it’s usually because

    • They don’t have a clear message or compelling story.
    • They’re not asking.
    • They’re not follow-up up… closing.
  3. What would it mean to maximize this relationship?

    Take any prospect, new or existing and work to answer this question. It’s very different from asking, “How much should we ask for?” It’s strategic and looks at the RELATIONSHIP in a bigger context.

  4. “Can you think of 2-3 names that match our IDEAL PROFILE?”
    (more…)

(Seriously) Dangerously Ambitious!!!

I got to spend the last three days with some of the most amazing and inspiring young people on the planet. Mike Del Ponte and his Sparkseed Team put on one heck of a ‘non’-conference: Dangerously Ambitious 2010!

Can’t say enough about the opportunity for the ‘Old Guy’ to be around this kind of passion, energy and attitude.

Here are some pictures from the Friday/Saturday/Sunday Memorable Experience.

dangerousambition_2

dangerousambition_1

dangerousambition_3

dangerousambition_4

P.S. I got to check off one of my goals (dreams) by spending the entire day Friday at the d.school at Stanford!!! IDEO, David Kelley, Hasso, Plattner’s gift… and Amish Erika’s amazing facilitation and coaching.

EVERYTHING (and I mean everything) is about DESIGN and DESIGN THINKING.

Funding Framework for your Board Retreat

I was in New York City last week facilitating a day-long strategic funding retreat for a board and senior staff.

This organization doesn’t have a very extensive fundraising history or culture. It was beginning to think about some major needs in the coming years — and possibly a campaign. Our goal was to go from the starting line – a discussion about the need for funds – to have the entire team on board with a story, a strategy and an action plan.

Download the PDF

This framework is mash-up of our Sales Process and POV. It could be used with ANY BOARD.

The Framework served as our agenda for the day. We started with the Impact -> Income napkin and worked our way to mapping out the story. Conversations about the WHO and the HOW are completely different after everyone see’s the compelling story and how a case-for-support could be exciting.

We then moved to the WHO. Prospects and Team. Before laying the groundwork there were lots of questions about prospects. AFTER we had a story and message the number of prospects seemed to triple (as it always does).

Finally we moved to identify the HOW. There was no way to launch this org into a campaign at the end of one day. Instead we defined success as getting the organization started with a sales process. That is… the ability to identify prospects, engage them with a great story and get some really big gifts for projects.

Nike Mission

“TO BRING INNOVATION AND INSPIRATION TO EVERY ATHLETE IN THE WORLD!”

WOW!

Mark Parker, in a great cover story for FAST COMPANY magazine (September), says this is his new Mission Statement. Compare it to the previous one. “To be the #1 sports and fitness company in the world.” Ugh!

3 Simple Things:

INNOVATION AND INSPIRATION… TO EVERY ATHLETE… IN THE WORLD!

You’ve probably read or heard my soapbox ranting on No More MISSION STATEMENTS!

Parker/Nike’s INNOVATION and INSPIRATION is a great VISION STATEMENT. It’s a MESSAGE. It’s got PURPOSE. It can MOTIVATE and INSPIRE not just athletes, but the 33,000 employees!

I love it.

Share your For Impact Story

How are you using the For Impact Approach? Take a minute to tell us and other For Impact readers. We’ll set you up with one of our Motivational Mugs and possibly and Amazon Kindle.

The action: Tell us your For Impact Story in under two minutes..

The background: We engaged with some 300 organizations last week via Campaign Week’s teleseminars and coaching calls. Regular readers will know I am a reader/follower of VC Brad Feld. Several years ago Brad talked about ‘Random Days’. These were days filled with random meetings and calls in an office-hours-fashion. Over the years this has led to some exciting connections, some business opportunities and also really expanded Brad’s thinking about the world in which he lives (technology, VC, Boulder).

Brad’s Random Days offers the inspiration for our annual week of free seminars and open coaching hours.

More than other years we were blown away at how people were using FI. We heard from people that were leading trainings using the For Impact sales model, innovating on the engagement tools and some that were now using napkins everywhere. In previous years I had a pretty good lead on these folks. There were several times last week I heard previous strangers say things like, “I’ve been following you for three years. Came from a sales background and now sit on a board. I have everyone in our organization using your system…”

In a word: AWESOMENESS.

It’s time to start a system to capture and share these stories with others. If you’ve used anything from a boot camp, seminar, blog entry… take a moment to let us know using this form.

I have no idea where this project will go but I’m pretty confident you will make it pretty remarkable.

Edit & Amplify

Mark Parker, Nike CEO, has a simple mantra: EDIT & AMPLIFY.

“I’m trying to short list the things that will make the biggest difference; and amplify the innovation agenda. That’s an art and a science.”

Phenomenal cover story in Fast Company on THE WORLD’S MOST CREATIVE CEO.

I love my FAST COMPANY… and I LOVED this article. Parker is an athlete, an artist, a designer… and, oh yeah, a CEO of one of the most iconic brands with $19 Billion in 2010 revenue!

Just a couple of quick nuggets to encourage you to read this article.

  • Parker’s a designer. Gets to hang out with creatives and eccentrics. Attracted to people who are “intense and maybe even obsessed”. (Great line: “Obsessed people make messes. It goes with the territory.” Now I can use this as an excuse for my messes.)

  • Nike BHAG’s!

    Increase sales by more than 40% by 2015.

    Meet a set of equally ambitious sustainability benchmarks.

    Grow earnings at 7% a year.

    Keep 33,000 employees thinking as nimbly as possible.

  • Struggles to mix his right and left brain strengths! “It’s about balance.”

  • Quoting Margaret Wheatley, “The energy in an organization is a product of the RELATIONSHIPS between the PEOPLE! Not about creating an ORG CHART and then putting people into BOXES!” Parker: “I think that is exactly backward.”

So much more about skunkworks, the ‘speed group’, relationships with artists, authenticity, innovation, creating a platform, metrics, corporate responsibility, creative tension.

Say what you want about big, big companies. This article and profile of Parker shares that it’s possible to be creative, innovative and even nimble… no matter how big you are.

*Parker reorganized the company into “small units… a conscious decision to sharpen each piece of the business so we’re not some big fat dumb company.”