Thursday 31 August 2023

The Art Of Modern Leadership

The Art Of Modern Leadership written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Kirstin Ferguson

Kirstin Ferguson, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Kirstin Ferguson. She is Australia’s most prominent leadership expert and a highly experienced business leader in her own right. Beginning her career as an officer in the Royal Australian Air Force, Kirstin has held roles that have included CEO of an international consulting firm and was appointed acting chair and deputy chair of the Australian Broadcasting Corporation by the Australian Prime Minister.

Her upcoming best-seller book: HEAD & HEART: The Art of Modern Leadership is a practical guide for every modern leader. Kirstin explains how leadership is simply a series of moments and therefore, every moment offers us the opportunity to leave a positive impact on those we lead.

 

Key Takeaway:

Modern leadership involves a shift towards combining head and heart attributes. Traditional leadership models of having all the answers and being distant are outdated. Kirstin explains the 8 key attributes of a head and heart leader and provides the tools to measure your own approach. Successful modern leaders lead with curiosity, wisdom, empathy, humility, self-awareness, and more. A key attribute is perspective, which involves understanding the environment, and the people, and making decisions while incorporating others’ input.

Questions I ask Kirstin Ferguson:

  • [01:38] What has changed in modern leadership? Let’s say in the last five years when it comes to leadership.
  • [02:50] What is sort of the practical reason why people need to be looking at a new approach?
  • [04:07] Would you say that this is a generational shift or is this really just culturally every generation demanding?
  • [06:38] What you’re suggesting is that we can actually empower people to make leadership-type decisions, right?
  • [06:25] Besides the cost component, what are some other things that you might suggest that the Fractional CMO model is a good idea for businesses?
  • [07:35] How do you know the core moments?
  • [08:49] Explain a little bit what you mean by head and heart.
  • [13:32] How do you go to work on building these core attributes?
  • [14:26] How do you suggest that people adapt to these ideas in remote environments?
  • [17:15] One of the responsibilities of a modern leader is to see their role as building a family tree of leaders. Talk a little bit about how you address that idea.
  • [19:21] How can entrepreneurs acquire modern leadership practices?

More About Kirstin Ferguson:

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John Jantsch (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to dtm.world/freeprompts and grab yours. Now. Let's get started.

(00:30): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch, and my guest today is Dr. Kirstin Ferguson. She's one of Australia's most prominent leadership experts and a highly experienced business leader in her own right beginning her career as an officer in the Royal Australian Air Force. Kirstin has held roles that have included c e O of an international consulting firm and was appointed acting chair and deputy chair of the Australian Broadcasting Corporation by the Australian Prime Minister. We're going to talk about her latest book, Heart and Head: The Art of Modern Leadership. So Kirstin, welcome to the show.

Kirstin Ferguson (01:13): Hi, lovely to be here. Great to meet you, John.

John Jantsch (01:16): So did you get to fly airplanes?

Kirstin Ferguson (01:20): Well, I did. I wasn't air crew in the Air Force. I married a fighter pilot and I worked at a squadron, but that wasn't my core role, but I certainly got to go off and I have a few flights.

John Jantsch (01:32): So with the term modern leadership, I mean, my first question I guess is how modern does leadership need to be? What has changed, let's say in the last five years when it comes to leadership that it needs modernization?

Kirstin Ferguson (01:46): Oh gosh, how much has the world changed in five years? It's incredible. And I think this whole idea of what I've written about head and heart, the art of modern leadership, it's really around understanding that those old models that we all grew up with, seeing leaders who felt they needed to have all the answers, and that being a leader meant that you had a solution for problems that you were able to navigate through really difficult situations. All of that remains true, but so too does being prepared to rethink what you thought you knew and being prepared to be vulnerable and not have all the answers. And I think that's what leading with your head and your heart is all about. And the art of modern leadership is knowing what's needed and when.

John Jantsch (02:31): So is there a shift that you think has gone on in the workplace that makes this a very practical, I mean, I can see some people saying, okay, we have to change some things, but why? I mean, some people we're going to get into the head part and the hard part specifically, and I think some people have always been wired that way, but what is sort of the practical reason why people need to be looking at a new approach?

Kirstin Ferguson (02:54): I think expectations have absolutely changed, and we can see that even about the debate with work from home, suddenly you have employees saying, actually, I quite enjoyed working from home. I don't want to do the commute and I'm productive, and they're speaking up about it. People are speaking up about social issues, wanting their organizations to be actively campaigning and CEOs being vocal about those kinds of challenges. So I think expectations have changed, and no longer do we want those leaders who are just treating work as something that we have to do. And here it is, and I don't care what you think about it. And so leaders who don't incorporate others into their decision-making or put people at the center suddenly look like dinosaurs and they stick out. And I think we're reading in the press every day about leaders that are still that old school and now shareholders and investors are saying, it doesn't actually matter how much you might know the industry or your connections or whatever it might be, that technical skill we used to promote on you now equally need to be able to lead people and bring them behind you with a vision and a purpose.

John Jantsch (04:07): Would you say that this is a generational shift or is this really just culturally, every generation or every age, every decade group, whatever you want to call them, is also demanding this?

Kirstin Ferguson (04:20): I think all generations. I mean definitely you're hearing it loudly from millennials and that generation who frankly aren't prepared to take it anymore. They're finding ways to quit the traditional workforce and work in a gig economy or whatever it might be to avoid having to work with these kinds of leaders. So yes, definitely that generation, but I think even older generations who are wanting some flexibility with how they work with people who instead of retiring fully, are saying, well, why can't I do some work from home a few days a week? So I think there's a real shift in working to live, not living to work and wanting to find leaders who are able to be flexible with that.

John Jantsch (05:06): One of the things you talk about a lot in this book that, and I think this is growing also, it used to be a leader had to have a title. You were a director, you were this or you were that, and you kind of talk about, Hey, maybe everybody's a leader.

Kirstin Ferguson (05:22): Yeah, well, I firmly believe they are. Now, don't get me wrong, not everyone is the c e O or the president. Clearly that would lead to chaos. But I think in our own lives, in our families, we are leaders at our local sporting club, whatever it might be, we are leading. I used the story I saw during the pandemic of a supermarket checkout operator who had to deal with a really difficult customer in that moment. She handled herself brilliantly, and she was leading in that moment, yet under the old models and definitions of leadership, she would've been the most junior person in organization. And I think once we start to recognize that we are leading in all aspects of our life, then we realize that every moment is actually an opportunity to leave an impact with others. And if we are formal leaders with those titles, reminding people that we lead that they too are leaders in their life is really important too.

John Jantsch (06:20): And that's probably a cultural shift inside of a lot of organizations. It used to be kind of the top down approach. And I think that actually making that an expectation, like that person you mentioned as the example in a lot of organizations, they were like, sorry, it's not my job. And I think that what you're suggesting is that we can actually empower people to make leadership type decisions, right?

Kirstin Ferguson (06:44): Yeah, exactly. And I think we are having people make decisions, so people make decisions every single day. The way the words we use, the actions we role model, the behaviors we demonstrate, all of those are leadership decisions and moments. And I think for most of us in a really busy lives, we often miss those moments. We miss the opportunity to have an impact. And if you think back, John, to all of the leaders in your life who have had both a positive and negative influence on you, it's all been moments. You can think back to moments when a leader made you feel really small or undermined you or you don't forget those moments. But I guess it's harder to look in the mirror and recognize when we are impacting others on those moments as well.

John Jantsch (07:34): I was going to get to that, but since you mentioned moments, I'll jump to it. As I read that part, I was thinking as a parent, same thing as a teacher, same thing, right? There are these moments. So there I feel like that puts a heap of responsibility on a leader to think they're always watching every moment. It's like, how do you know the core moments? How do you

Kirstin Ferguson (07:56): Deal? Yeah. So whether you like it or not, I mean, I'm a parent as well, whether you like it or not, our kids are always watching. So it's not as though you can just say to them, Hey, can you just give me a break for a week? I'd like to just not have to be responsible for you and the impact I have on you, none of that is reality. So I think the more we recognize that it's not so much an overwhelming weight of pressure, it's simply being aware and being mindful of the fact that those moments matter and they're happening every day. You may as well be conscious of them.

John Jantsch (08:35): No, I don't agree with you. It's exhausting. I'm just teasing.

Kirstin Ferguson (08:40): It sure is.

John Jantsch (08:42): So we've gone on for almost half the show and haven't really talked about Head and Heart, which is the title of the book. So kind of explain a little bit what you mean by head and heart. I think most people have an idea, but I'd love to hear from you,

Kirstin Ferguson (08:56): And I mean, I'm glad most people have an idea because the idea is it's a metaphor we've all heard of and used before. It's obviously not literal. However, research shows that actually the way you think about your head and your heart impacts your performance. And so what I wanted to do is research, well, what are the attributes of these modern leaders that stand out on the world stage and locally, and those leaders that we all know who just seem so different to who we've been led by in the past, but yet who seems so right for now. So I'm an adjunct professor at one of our universities and and researched what those attributes are. And so leading with the head is around curiosity, wisdom, which is around making decisions and gathering data and evidence. It's around capability, which is growth mindset, which many of your listeners would be aware of, and importantly, perspective.

(09:49): And that was the attribute found to be the most highly correlated with being a modern leader. And it's in layman's terms, reading a room and understanding the environment you're leading in, but importantly also see who's missing from that room and what's going on outside of the room as well. So they're the four attributes of leading with the head. The four of leading with the heart are around humility, self-awareness of the impact we're having on others, empathy. And so being able to put yourself in other shoes and then courage, speaking up for what you believe in. Now, all eight of those attributes, often at qualities we've all got, everyone has those to some degree, but not everyone brings them to work. And so leading with your head is what we've been rewarded for at school and at college and in our jobs. We get promoted from being capable and making decisions. Yet I'm arguing that modern leaders are also able to excel at those heart attributes as well, and that it's those leaders who know what's needed when that will succeed best in today's world.

John Jantsch (11:02): Okay, because everybody wants one answer. What's the most important?

Kirstin Ferguson (11:06): Yeah. Well, as I said, of the data shows that perspective is definitely the one that's most highly correlated. So if you were to score highly, and I should say for all listeners, go and visit head heart leader.com, head heart leader.com, totally free. You can go and self-assess your own head heart leadership, and you'll get a personalized report. But what you want is to score highly in perspective, because that means you're more likely to score high in the others as well. And perspective was linked most highly or correlated with empathy. So having the two that balance head and heart is really helpful. And it's all about reading a room.

John Jantsch (11:50): So I will tell you, I did no research, but I'm going to tell you from my perspective, what I think I see in a lot of leaders is without self-awareness, you can't really pass go. I mean, you're not going to work on any of this stuff or even realize that you're deficient in it without that. At least accept bit that I have to Yeah, it is. Yeah, it's, it's me.

Kirstin Ferguson (12:12): So how do you,

John Jantsch (12:14): Go ahead.

Kirstin Ferguson (12:15): Yeah, self-awareness is clearly incredibly important. I'm not going to argue it's more important, but there was one question out of the 24 that people can do if they do their head heart scale, that came from the self-awareness attribute. And that is about knowing your limitations. So of all the questions, if you don't know your limitations, then you're likely to think you are the smartest person in the room. You're likely to think you're always right. All of those attributes of leaders that we don't want to see.

John Jantsch (12:48): Yeah. Yeah. I mean, I guess what I was saying is it's not necessarily the most important in my view, but it definitely, it's almost like you can't really start on the others without some level of it. Totally.

Kirstin Ferguson (13:00): And I notice that with people who come and hear me speak and who buy the book, it's all the people who are already aware that they want to be a better leader. The dinosaurs we're trying to get to, they don't tend to think they need it.

John Jantsch (13:12): I don't need all that happy crap. So how do you suggest, and I know that in addition to the leader scale, you talked about you also have some elements of an action plan, but how do you suggest somebody, I mean, these are great words, but for a lot of people they're just words. How do you go to work on building these core attributes?

Kirstin Ferguson (13:38): Well, of course, luckily if you buy the book, then we can deal with all of them in detail about the action plan. But the most important thing that people need to do, and it comes back to your comment about self-awareness, is to have a team of people around them who will give them feedback. We are our own worst judges of how we're actually going. And there's some data that shows that 95% of us think we're self-aware. Only 10 to 15% of people we work with would agree. Now that terrifies me, John. So that is reflective that most of us think, but everyone else has a different perspective. So I think being able to give and receive feedback really well and hear it without getting defensive is an incredibly important skill. So if you're going to start anywhere, that's where I would start.

John Jantsch (14:27): So particularly, and I could be wrong on this, it's probably both camps, but particularly in matters of the heart, it feels to me like remote work has made that so much harder and not just work from home, but a lot of people are building entire distributed teams from the start. And it feels like some of the things that seem to translate better in person maybe are lost or much more difficult and remote. How do you suggest that people adapt to that with some of these more, I used to call 'em handshakes and hugs. It's like the handshake was kind of the head part where the hug part was something that you obviously did more from a heart place, a lot harder to do all of this across video.

Kirstin Ferguson (15:12): So I have a different perspective, John. I think there's just different ways. Not everyone was getting handshakes or wanted hugs even before Covid. And I think as long as we've had multinational corporations and large companies, we haven't worked in the same offices as everyone that we've worked with. I think the onus is on leaders to work a bit harder. I do think you have to find ways to make those moments matter, to be interested and focused on what's going on in the lives of the people that you're leading. That might be on the other side of the world, but I think if we say that it has to be a physical co-location, then that's really quite limiting in thinking about how you connect with people.

John Jantsch (15:59): No, and I would never suggest that frankly, my company's been distributed for 15 years. Half of my, I have people that our entire relationship is a video

Kirstin Ferguson (16:10): Screen. Exactly.

John Jantsch (16:11): But I would also say that you have to be far more like the moments you talked about. They just don't happen as often. So you have to be far more,

Kirstin Ferguson (16:21): And that's exactly what I'm saying. You actually have to work harder. It's harder work. Yes, it's, but it's not impossible. And I think the payoff for those who want to work remote, remembering it's not for everyone. I know with my husband, he loves going into the office. He loves talking to people and catching up over lunch and doing all those things, and it's good for him. So that's how he works. But whereas I'm more than happy to work from home and catch up with people intentionally online. But if you've got people like me, then we need to find ways to make those connection times. And it's really just now this shift we talked about at the beginning of not treating everyone exactly the same. We've now really got to understand the people we lead and what motivates them, what drives them, and how they work best.

John Jantsch (17:10): Yeah. You talk about one of the, I don't know, I'll call it responsibilities of a modern leader, is to see their role also as building a family tree of leaders. And I love that idea. So talk a little bit about how you address that idea.

Kirstin Ferguson (17:28): Yeah. Well, I mean it's really being, again, conscious that you are there to develop the next generation of leaders. So if you are so fortunate to be running your own business or at the top of the tree, that formal tree, then really succession and making sure that the people coming up behind you are better than you, and that is not something that you should be fearful of, but C is your main job. And so for me, that's what building a Family Tree of Leaders is about. It's all about those opportunities that if you're in a meeting and you are doing all the talking as a leader and you're giving all the solutions and coming up with all the answers, then you're not using that moment as a coaching opportunity to really ask great questions. So every single opportunity to build leaders in others and leadership in others, I think needs to be taken by those of us who have been around a while.

John Jantsch (18:24): Yeah, I think you're also telling people that you don't have to use your brain, so I'll wait and I'll tell you what to do, which is very disempowering, but it also means you as a leader are going to have to come up with all the ideas.

Kirstin Ferguson (18:37): Exactly.

John Jantsch (18:39): I have worked with many entrepreneurs over the years, so not somebody who's been hired to do a certain role, who maybe is years of management experience. A lot of times entrepreneurs when they're building an organization, it is on the fly. I mean, it's the first time they've ever done half of these things. And I think that for them books like this, or really taking time to reflect on building that skill is even more important because in many cases, they've never had an example to go by. So how would you suggest somebody like that who is really, everything they're doing in many ways is just being done on gut? How do they start addressing more what you would probably call normal leadership practices? How do they acquire those?

Kirstin Ferguson (19:32): Well, I don't know a person that hasn't worked for a bad leader. So not only have they not seen good leadership, they've actually seen actively terrible leadership ideas and traits. And I think we learn as much from that as we do from working with good leaders. So if you are feeling alone and you're the only one who gets it, my advice is it can be very frustrating trying to change someone else. You can't do that. You can only look after yourself. And if what you are doing is working in your context and the feedback you're getting confirms that, then keep going, keep being you and leading in the way that is working for you. I think it's important to be aware that style, however it works, might not work in the next place. And that's perspective that's leading and understanding your environment and adapting. You mentioned at the beginning, I started my career in the military. I then went into law firms with lawyers. I then went and led a group of psychologists, and so every time I had to completely adapt the way that I led, but I brought tools from each of those roles. But understanding and really reading the room is critically important. So my advice would be get feedback. That's the only way you're going to know and to recalibrate if you need to.

John Jantsch (20:52): And occasionally listen. I bet.

Kirstin Ferguson (20:55): Always listen, always.

John Jantsch (20:58): Well, Kirstin, I appreciate you taking a moment to drop by the Duct Tape Marketing Podcast. Do you want to invite people where they might connect with you or certainly find more about your work and about head and heart?

Kirstin Ferguson (21:08): Absolutely. So if they visit head heart leader.com, you can do the scale, get onto Amazon, the books available to order now. It's out very shortly. Perhaps when you're listening, it will be out. So jump onto Amazon and my website is Kirstin ferguson.com. K I R S T I N ferguson.com. Can't wait to hear from your listeners.

John Jantsch (21:31): Kirstin, don't call me Kristen Ferguson. Right?

Kirstin Ferguson (21:36): Gets everyone.

John Jantsch (21:37): It does get everyone. So again, thanks for dropping by and hopefully we'll run into you one of these days when I'm in your hemisphere.

Kirstin Ferguson (21:46): Look forward to it. Thanks, John.



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Wednesday 30 August 2023

Fractional CMOs As Strategy Architects

Fractional CMOs As Strategy Architects written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Angelo Ponzi

Angelo Ponzi, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Angelo Ponzi. He is a marketing and branding strategist who works with small to middle-market companies as their Fractional CMO. His company, Craft, focuses on three strategic pillars for success: Insights, Brand, and Plan to develop effective and efficient programs for building enduring brands and sustainable business growth.

Key Takeaway:

Fractional CMOs besides being a flexible and cost-effective solution for businesses, contribute to long-term growth through strategy development, messaging refinement, and navigating marketing challenges. Angelo highlights the importance of balancing new business endeavors with client service within the dynamic of operating one’s own agency. Staying actively engaged in networking and marketing efforts is essential to remain present in the Fractional CMO arena to seize potential opportunities.

Questions I ask Angelo Ponzi:

  • [01:12] How do you define the term Fractional CMO?
  • [02:02] What kind of business and what kind of challenges are they facing that you think makes an ideal fit for a fractional strategic marketing hire?
  • [03:34] If somebody hires a CMO, do they feel like they’re also hiring an implement mentor or are they strictly separate functions?
  • [04:57] Is there ever some kind of turf wars, even though you’re brought in to help them orchestrate better?
  • [06:25] Besides the cost component, what are some other things that you might suggest that the Fractional CMO model is a good idea for businesses?
  • [09:52] Are you finding there’s much more recognition of the concept and the term particularly to midsize business owners?
  • [11:04] What are some of the hard lessons you’ve learned being a Fractional CMO?
  • [13:05] How do you scale this model?
  • [18:03] Do you find that you end up focusing on the same thing pretty frequently?

More About Angelo Ponzi:

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John Jantsch (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to dtm.world/freeprompts and grab yours. Now. Let's get started.

(00:30): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch, and my guest today is Angelo Ponzi. He's a marketing and branding strategist that works with small to mid-market companies as their fractional chief marketing officer, fractional CMO. His company Craft focuses on three strategic pillars for success, insights brand and plan to develop effective and efficient programs for building enduring brands and sustainable business growth. So Angela, welcome to the show,

Angelo Ponzi (01:03): John. Thank you very much. I really appreciate it.

John Jantsch (01:05): So I still think there's a lot of confusion around it, like a lot of terms in marketing. So I'm just going to go ahead and say, if somebody says you, you're a fractional CMO, what is that? How do you describe that? How do you define that term?

Angelo Ponzi (01:17): Yeah. Well, I think simply it's a part-time outsource contract situation. So for me, fractional being that it's not a short-term contract, it's a long-term engagement where I'm going into the organization or depending on my remote client, where I'm engaged on a weekly basis, sometimes daily basis with them. And so think of me as the guy down the hallway, not the guy across the country. Yeah.

John Jantsch (01:48): So I mean, would you describe a business that you think is a typical great fit for that? I mean, most people are familiar with the C-Suite roles, a chief marketing officer inside of an organization, but what kind of business or what kind of challenge are they facing that you think makes an ideal fit for a fractional strategic marketing hire?

Angelo Ponzi (02:10): Sure. In most of the companies that I've dealt with, they have some kind of a marketing manager or a team in there. Typically, they tend to be a little more transactional in nature, just tactically oriented. And so I hear things like, our sales aren't growing, our messaging is not correct. Our competition is eating our lunch. And so looking at those kinds of issues, so they can't get to that next level with someone who's more of a tactical transactional person. So they may start to think of a strategic person, however, a full-time CMO doesn't necessarily come cheap. And so they wrestle with how do I get a senior person without having to have all that expense? And that's typically what get engaged or when they'll call me, because again, depending on the client, how much time I'm engaged, but I sit in that C-suite level and helping develop strategies and directions and messaging and competitive differentiators, and then drive those down into the people that actually execute.

John Jantsch (03:21): Do you get yourself in engagements where they're like, Angelo, this is great, but who's going to do all this? I mean, is there ever an expectation that you are going to do the work or that any strategic, if somebody hires A CMO, do they feel like they're also hiring an implement mentor, or is it strictly separate functions?

Angelo Ponzi (03:43): Yeah, well, that's always the dilemma for me. It's my nature to tend to go across the line and start facilitating and doing, but I'm pretty clear upfront is what my purpose is. If someone calls me and says, look it, I need a website, I need a social media or digital campaign, my reaction is let's talk about your messaging, your strategies, and if that's not correct, I have to start to the left, right? I got to talk to your customers that look at the competition, examine the marketplace and work our way towards execution. So I like to refer to myself sometimes as an architect, I'm building that foundational strategy. And then once the plans are in place, then I will sometimes call myself a general contractor and therefore I'll bring in outside people to execute or work with the internal teams. But I do cross the fence, but a lot of times they're like, I'm not going to pay you to frankly write a blog. It's too expensive.

John Jantsch (04:44): Yeah. So do you find internal teams, I hear this a lot. Do you find that sometimes there's some turf? Like, wait a minute, I thought that's what we did. Why are we bringing in this outside person doesn't know our business? Is there ever some turf wars sometimes, even though you're brought in maybe to help them orchestrate better?

Angelo Ponzi (05:03): I can honestly say, actually, I can honestly say it's only happened maybe once or twice where I'll spend, I'm thinking of a technology company. A couple of years ago they brought me in, the marketing person was out of college for a couple of years. He had his own vision. They brought me in, I revamped everything, redid all their messaging, their plans, and then here's the plan to implement. And within three months, he was back doing what he wanted to do because they didn't know how to really manage him. But I would say in most situations, I'm very collaborative, so it's not my way or the highway. So I find that even after I leave, they're implementing. I have a company in the streaming space that I helped them when they launched. That was five years ago. When I see him constantly, he'll be the first to say, I'm still working on the strategies you gave us five years ago. And so that's really rewarding. But yeah, that is always a challenge, right? Because not invented here, somebody wants to put their own mark on it.

John Jantsch (06:08): Yeah. I'm sure there are some cases, I'm going to assume there's some cases you've run into where they're considering hiring you versus considering hiring a full-time strategic hire. If you were trying to help somebody work through the pros and cons, besides the cost component, which is obviously a huge selling point on the fractional approach, what are some other things that you might suggest that why the fractional CMO model is a good idea for them?

Angelo Ponzi (06:39): Well, partially too. It's really what does that strategic leader need to do and what is the long-term play with that leader? Are you going to have somebody who's who can totally stay engaged throughout the time and do all the things that you need 'em to do, otherwise they start to gravitate into the tactical and then you don't really need that. I have a current client where we're looking, I'm filling the strategic leader role, and at the end of the day, they don't need a full-time me, but they need more worker bees, if you will. And so my recommendation is keep me engaged. Of course, that's what I would like, but instead of hiring someone like me full-time, take that money and then let's invest in more people at the real marketing level that the tactical level that needed to get things done. I was brought in last year with a consumer products company that had a CMO.

(07:35): They let him go, and he called me and said, Hey, I'm thinking about hiring. I think I need a fractional. And then about three weeks later, he called me and said, no, you know what? I decided to go. And then three months later, he called me and said, I haven't found anybody. I think my original idea was great, come in for 90 days, help me. And I was there for eight months before we brought in. I helped bring in my own replacement at that point in time. They really needed somebody there. And there was a situation where I was there three days a week, so I literally was in the office and spending the majority of my time working for that organization.

John Jantsch (08:12): Do you find that to me, one of the benefits I think too, is a lot of times you bring in that CMO, well, they're going to say, we need to build a team internally. And so they start kind of down the traditional path of hiring, whereas I'm assuming that in many cases you kind of look at this and say, no, we just need this expertise to do this one thing, and then we can rent this to do this one thing. And I mean, you're really able to put together a much more affordable approach for exactly what they need, aren't you?

Angelo Ponzi (08:41): Yeah, no, absolutely. It's current client, they had a digital firm primarily writing blogs, and I analyzed it, and every blog had to be rewritten. And after eight, nine months, you would've thought that they understood the business. So I tried to engage with them, and ultimately we ended up parting ways. But instead of hiring another firm just like them, I went out and found a content writer that for a fraction of the cost, I could have twice as many blogs for literally a third of the money that I was paying them already. And so that is one of the things I look at. To me, I always look at any client I work with is my business. I was fortunate to, over the years, I grew a couple of businesses, I was fortunate to sell them, and I understand that a dollar is a dollar, and if I have to watch it for me, I have to watch it for you. So it's really about maximizing the talent and the dollars that we have.

John Jantsch (09:42): I have been doing this approach probably for 15 years, but didn't use the term fractional CMO because it didn't mean anything to a small mid-size business at the time. Are you finding there's a much more recognition of the concept and the term when you go out and talk to particularly mid-size business owners?

Angelo Ponzi (10:00): Yeah, absolutely. And I'll go back. I mean, I'm heading into my 10th year, and in those first three or four years, it was like, I don't understand what a fractional is. Are you contract? Are you outsourced? What are you, right? So there was different terms floating around. I haven't had anybody really recently say they don't understand it. I just say, you're renting my time basically during the course of the week. So I think it's better understood. I'd even think some of the value of having someone like myself that clients find now versus because it's a tough decision, do you spend that kind of money? I had a client the other day that, again, looking at bringing in more workers than strategic leaders, and he said to me, well, what if we could hire you? And I suppose my answer was, you can't. It's not what I want to do because I knew I would eventually, I would just be pulling my hair out because they don't need someone full-time like me.

John Jantsch (11:00): So as you've grown this and scaled it yourself, are there some hard lessons learned that you might share to say these are some of the landmines that you might look for?

Angelo Ponzi (11:14): Well, I think first of all, for me, and unfortunately it was a very hard lesson. I had an opportunity back in maybe 17, I think it was, to go in as a fractional, but it was like an eight month contract. And I was like, this is great. The money was great. I was excited, and when the contract was over, I was sitting there. I have no business. I wasn't doing any marketing, I wasn't keeping the pipeline. So anybody out there listening, if you're doing what I do or something even similar, having your own agency, I mean, it is a constant balance of doing new business while you're servicing the clients. I personally now, I would say in the course of the week, I spend a full day throughout the week, but networking, doing my own marketing, doing stuff like this and just making sure that I'm staying ever present, because you just never know.

(12:09): I mean, I have one prospect that I pitched in February. He literally said, you're hired, but there's no contract yet. Now it's August. I still think you'll come around, but I'm on his time. He's not on my time. So that's probably the biggest lesson that I've learned and making sure that you have a point of view and you put yourself out there. I mean, I have a blogging program, a newsletter program. I do emails, I do LinkedIn, I do public speaking. I just want to be able to have content. It's all content to me to refer

John Jantsch (12:44): People too. Absolutely. Yeah. We actually teach people how to start this model, and I tell them, especially when they're just getting started, I said, the thing nobody tells you is about 50% of this job is selling, but that's true of really any business. When you start it, that kind of leads to one of the challenges I see a lot of people, how do you scale this model? I mean, in the traditional sense, somebody's A CMO, they jump out on their own. They go, I'm going to be a fractional CMO, and they end up selling a fourth of their time and basically saying, I'm fully employed. I'm getting paid well for my time, but I can't really scale a business. Have you run into that? Have you addressed that?

Angelo Ponzi (13:25): Yeah, it's a really interesting challenge. So before I formed my agency, for example, this was many years ago, I actually, they didn't call it fractional, but I broke off as a consultant. And so I left an agency, decided to be a strategic planner for agencies, and then eventually I came to the conclusion after about three years, why am I doing this for you? Why don't I do it for myself? And so I kind of scaled that. So in this particular model for me, I have identified other CMOs, fractional CMOs or VP leaders, if you will, that are out on their own that I can partner with. One of my biggest clients last year is actually a competitor, but I have a background in research. So they don't do research. They don't do really branding and messaging and positioning. They're more kind of internal management. And so we compliment each other.

(14:28): So one of the things that I did to scale is I identified in my trading area who my competitors are. I've literally met with every one of 'em trying to figure out are we really competitors or can we work together? And I would say the majority of 'em I can work with. And so I've also identified in some of the other key areas. So I have a business analyst that works with me that I pretty much dominate. I have a data scientist that works with me. I have a brand strategist that actually I worked with for years, even in my own agency that happened to, I lost their job during covid and now works for me as kind of a behind the scenes. So I've been scaling by putting other people in place, frankly, to do some of the work that allows me to continue to devote some of my time to networking and building the business, but also when I have to be in front of a client,

John Jantsch (15:23): The mistake I see some people make is just like, you get 25% of my time, what do you want? And it's like they're dictating. There's no scope in agencies. We'd scope things out. And I see a lot of people when they do these consulting things, they don't do that. And so they're sort of at the whim of a client who doesn't really know what they need. And I think that's a key change that I think can allow people to scale this.

Angelo Ponzi (15:51): Yeah, well, one of the things I did to get around that is I created an assessment that I give at the beginning of every engagement just to really try to understand where they think they are, where they really are, where they think they are, but also among the team, I look for alignment, internal alignment. And so that has allowed me to actually through the analysis to say, okay, here's where we've got some real issues and some problems you want to be, I'm just going through this with a client now where when I joined them back in February, they had a $5 million goal for this year increase in revenue. Well, as I started to dig into the data, it's like, where'd that number come from? Your average growth is only 8% over the last three years. How do you go from 8% frankly to a 37% increase?

(16:39): I don't see how you're getting there. So some number was picked out of the air. So trying to bring, creating strategies, now that's giving me guidance as opposed to, what do you think? If I would've just said, okay, I'm going to support a 37% increase, which I did originally, and then eventually I've swung them back to say, okay, how are we going to get, maybe it's 15%, not the eight, but the 15. And I literally just said this to one of my marketing managers today. There's an endless amount of things to do in marketing. You've got a plan and you always go back to the plan and just if you got, you are unsure of your messaging or somebody in sales is pushing back on you, try to understand what's happening with them. Go talk to them, go listen to a call. So I find that sometimes in that marketing manager role, they tend to go, oh, well, that was my assignment. I did it and now what do I do?

John Jantsch (17:34): Yeah. It's interesting. I find that we spend as much time, especially early on telling people what not to do as opposed to what to do, because always this temptation to say, oh, there's a new thing out there. We have to do it. As opposed to doing any of them, right?

Angelo Ponzi (17:51): Yeah, exactly.

John Jantsch (17:52): And that's what I was going to ask you kind of halfway answered it anyway, but let's say we get through the assessment. Obviously the assessment's going to tell you maybe some direction, but do you typically focus on, do you find that you end up focusing on the same thing pretty frequently? What to fix first, so to speak?

Angelo Ponzi (18:10): Actually, no, because they have, it's like our sales aren't growing or we're not achieving, or we think we have an issue. And I have found that if I can execute my assessment in the process that I do, I can uncover things that they're not thinking about. Good case in point, this was last year working with a manufacturing rep organization, been around for 70 plus years. And so in talking to them and say, our clients love us, they're mechanical engineers, they know us. We've been, we're a focus. We're always included, but I got them to agree to let me talk to their customers. Originally it was like, wow, I don't waste your time. What we found is that they were right. Everybody knows them, everybody includes them. However, their primary customers were about ready to retire. The new generation of engineers had no idea who they were or knew them, but they were now thinking about environmental products and sustainability products, not the gas guzzlers, if you will, that are being put out. And so all of a sudden we identified a potential opportunity that they would've never seen until it happened. So now they were able to get ahead of it. So it's that kind of stuff that we get to uncover, but that wasn't one, that wasn't something they told me to go do. That was just something that came, cream of the cop came rising up and we able to tackle it.

John Jantsch (19:41): Yeah, I have had so many insights over the years by talking to people's customers. I mean, they know very little about why their customers buy from them sometimes. It's pretty amazing, isn't it? Or they make assumptions that are wrong

Angelo Ponzi (19:53): Or what the salespeople tell 'em. Right? Right. There's a question I always like to ask is I ask the clients, do you think your clients are buying, are aware of all the products and services you sell? And almost always they say no. And to me it's like, well then what are you doing to educate them? You could be leaving a lot of money on the table if they just knew more. And then we find out I asked those questions on the flip side, and almost across the board, the client will say, now I don't really understand all the stuff they sell. I only know this. So right there, there's a gap, right. So anyway,

John Jantsch (20:30): It's fine. Yeah, that's actually some easy money sometimes, isn't it? Well, Angela, I appreciate you taking a moment to stop by. You want to invite people to connect with you anywhere or find out more about your work.

Angelo Ponzi (20:39): Sure. That would be great. The best place, of course, is to go to LinkedIn. You can connect with me there. That's the easiest. Also, all my contact info is there. As far as my website, I actually encourage people to sign up. I do publish a newsletter through LinkedIn every couple of weeks, and so do that. And that's the best way to find out more about me.

John Jantsch (20:59): Awesome. Well, again, I appreciate you taking a few moments out of your day, and hopefully we'll run into you one of these days out there on the road.

Angelo Ponzi (21:05): Yeah, absolutely. Thank you so much. I really appreciate the opportunity.



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B2B Marketing Expert Interview Series: Feeling B2B with Pam Didner #MPB2B

Welcome back to our new series, “Feeling B2B,” where we journey into the heart of the B2B marketing landscape. In our debut installment we took a look at unconventional B2B marketing experiences with Joe Pulizzi of The Tilt, and we’re thrilled to present the next chapter of “Feeling B2B” featuring marketing expert Pam Didner, vice president at Relentless Pursuit. Join us as we dig in and get Pam’s unique takes on creating joy for customers in marketing, what she loves about B2B marketing and much more.

This video interview series is created by TopRank Marketing in partnership with MarketingProfs B2B Forum, an event that gathers the brightest minds in the B2B marketing industry. The 2023 B2B Forum will take place in Boston October 4-6, and also has online participation options. 

With a dynamic background spanning over 14 years at Intel and a current role as a distinguished consultant and author, Pam brings a fascinating perspective to B2B marketing, and she recently sat down with our own CEO Lee Odden to take a look at the importance of emotions in B2B marketing.

Drawing inspiration from her personal experience with yoga, Pam looks at the benefits of finding joy in the process itself, including a memorable lesson from a yogi that rings especially true in B2B marketing: how joy can be a driving force. With this insight, Pam encourages marketers to infuse joy into their work, crafting marketing experiences that resonate on an emotional level.


“Can you find joy in B2B marketing and find joy in what you do? I think that’s a very important emotion and experience when you do your job.” — Pam Didner @PamDidner
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Pam and Lee also explore her longtime involvement with MarketingProfs B2B Forum, as she recalls memorable moments from the event (view the video below to find out what they are), and takes a look at the power of unity in the B2B marketing community. Pam also shares how MarketingProfs B2B Forum helps marketers discover that their challenges are shared  and that they are not alone on their journey.

Stay tuned as we continue to traverse the landscape of B2B marketing in the “Feeling B2B” series.

Watch the video now and make sure to let us know if YOU are feeling B2B!

Thank you, Pam, for sharing your unique perspective and enriching our understanding of the emotional heart of B2B marketing. Make sure you also check out the interview with Joe Pulizzi in case you missed it, and we hope to see you at #MPB2B in October.

Stay tuned for more exclusive conversations in the #FeelingB2B series, and mark your calendars for the upcoming MarketingProfs B2B Forum 2023. This is where the industry’s trailblazers gather to exchange insights, share experiences, and propel B2B marketing into the future.

Visit mpb2b.marketingprof.com to learn more!

PLUS: Get $100 off individual registration and $300+ for groups of three or more by using our special code, “TOPRANK” when you register here.

How to Connect with Pam:

See Pam Speak at #MPB2B:
October 4 – 9;00am to 3:30pm
October 5 – 4:05pm to 4:50pm
How to Demonstrate Marketing ROI

Here is the full transcript from this conversation between Pam and Lee:

Lee: Welcome to the Feeling B2B show, a limited interview series featuring conversations with some of the B2B marketing industry’s top voices, brought to you by the fine folks at MarketingProfs B2B Forum.

I’m your host Lee Odden, and today we’re speaking with B2B marketing expert, consultant, author, keynote speaker and presenter at the 2023 MarketingPros B2B Forum conference. Her name of course is Pam Didner. Pam spent over 14 years in advancing B2B marketing roles at Intel, before founding her consultancy. She’s author of multiple books, has been an adjunct instructor at multiple universities, and because of her depth of actual B2B marketing experience and her continued effort to elevate the craft, we’ve interviewed her many times, and are very happy to welcoming her back. Welcome to Feeling B2B, Pam.

Pam Didner:

Thank you so much for having me, and for the great introduction.

Lee:

We’ve both been in the B2B marketing industry for a long time. It’s 2023 and we’re still here, and I’m curious, what is it that you love about B2B marketing?

Pam:

You know Lee, I have two F words. Fun and frustrating. The fun part is that it’s a complicated and long purchase cycle. There’s always something to learn — from SEO to influencer marketing, which you are very good at, down to AI and its interesting technology to help us do our jobs better. The frustrating part is that it is complicated and it’s long purchase cycle, and it can be overwhelming sometimes. If that happens to you, just take a deep breath. It’s that love and hate relationship — that’s what makes it fun.

Lee:

I have to agree. It’s always changing. It’s always a challenge, and it seems that people like yourself who are satisfied by tackling a challenge and solving it seem to be the most successful. I’m curious, there are many different dimensions — as you’ve mentioned — in B2B marketing, and experiences have been a big theme for a long time. Content experiences and marketing experiences. What would you say is the importance of experiences that drive emotion in B2B marketing?

Pam:

I kind of want to answer that question a little bit differently. I was thinking about this, and would like to answer what is the important experience as a B2B marketer.

I have practiced yoga for years, and several years ago I saw a poster in my yoga studio, and a well-known yoga guru from India was coming to the studio to teach a three-day, four hour yoga training. So I signed up, and I was like, “Oh, this is great.” I showed up at the studio and it was completely packed, and then the yoga master — this tiny little lady walked in. She didn’t make a sound, and then asked everybody, “So, why did you come to this training?” She had a deep voice, and I raised my hand. I said, “Oh, I want to learn the yoga postures better.” Someone else said that she wanted to learn breathing better, and another person said he wanted to be a better teacher.

Finally, this is what she said. She said, “You know, all of those are great answers, but you guys are missing the point. You do it because of joy. You do yoga because you love it and it’s joyful.” I found that profoundly liberating.

The most important experience for us to have in B2B marketing is sometimes because it’s our job, but even if it’s a job, can you find joy in B2B marketing and find joy in what you do. I think that’s a very important emotion and experience when you do your job.

Lee:

Yes, and even creating joy for your customers, right? Creating joy through marketing experiences. You’ve spoken at and attended MarketingProfs B2B Forum multiple times, and I’m wondering if you could share a moment from the event that really stands out to you?

Pam:

You know, honestly Lee, where will you find so many B2B marketers in one place on this planet? When you attend, the more people you talk to, the more you will feel, “Oh my god, you know, I have that issue. I was using that system too, and that system had this feature or that one.” If you actually have a lot of challenges in your job, the more people you talk to, the more you will feel that you are not alone, which is the truth. You are not alone. A lot of issues you run into, all of a sudden you’ll find others encountering the same thing. So honestly, come to MarketingProfs B2B Forum — it’s a therapy session on steroids, in a good way.

Lee:

You’ll find your people there, right?

Pam:

You find your peeps.

Lee:

Exactly. So can you tell us a little bit about what you are looking most forward to, and I’m also wondering if you could share maybe just a little bit about the topic that you’re speaking about?

Pam:

I’m doing a workshop and I’m also doing a session. The workshop is about how to create a solid go-to-market plan. So if you are working on go-to-market plan, come to my workshop. I’m making it fun, trust me. We are going to actually read a couple books, and watch a couple movies — I’m not kidding. And then for my session, it is really about marketing AI. And if you’re having a hard time demonstrating how you provide value to companies, check out my sessions as well.

Lee:
Great.  I’m super excited for that. There is such a huge momentum towards go-to-market right now, and I think a lot of people are hungry for learning exactly how to make sense of that for their company. Your workshop and session are two two reasons all by themselves that people should register for the conference — that’s awesome.

You can see and learn more from Pam at MarketingProfs B2B Forum in Boston or online. October 4th is when the workshop is happening, and then on October 5th and 6th is when the main sessions are happening. You can check out the full agenda, the list of other speakers, and all the other fun things that are planned by the folks at MarketingProfs B2B Forum at the event website.

Thank you so much Pam, and I look forward to seeing you in October at MarketingProfs B2B Forum.

The post B2B Marketing Expert Interview Series: Feeling B2B with Pam Didner #MPB2B appeared first on B2B Marketing Blog - TopRank®.



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Monday 28 August 2023

5 Effective Goal-Setting Tips for Small Business Owners To Save Time And Money

5 Effective Goal-Setting Tips for Small Business Owners To Save Time And Money written by John Jantsch read more at Duct Tape Marketing

There's a constant, niggling question that haunts every small business owner: "Am I doing enough in my business?" This is often followed by: "Is my marketing strategy hitting the mark?" If you've found yourself pondering these questions, you're not alone. The complexity of marketing today often leaves us wondering if we are doing too much or too little. It's a balancing act, trying to keep pace with the evolving digital landscape without squandering precious resources.

As the founder of Duct Tape Marketing, I've watched the scene evolve, with businesses trying to navigate the maze that is modern marketing. Often, I find entrepreneurs trying to be everywhere at once, which, in my experience, leads to two things: wasted time and wasted resources. A scattergun approach might cover more ground, but it rarely hits the target.

The Realities of Entrepreneurial Marketing

There's no sugarcoating it: today's entrepreneurial world is complex, with an array of marketing channels at your disposal. Social media alone offers a plethora of platforms – Facebook, Twitter, Instagram, LinkedIn, Pinterest, Snapchat, TikTok… the list goes on. Add to this email marketing, SEO, content marketing, PPC advertising, influencer marketing, affiliate marketing - and you're facing a veritable buffet of choices.

With so many options and so little time, it's easy to feel overwhelmed. But rather than throwing your hands up in defeat or jumping haphazardly from one strategy to another, it's critical to devise a marketing plan. A well-thought-out, strategic approach helps you focus on the strategies that work best for your business.


5 Effective Goal-Setting Tips

5 Effective Goal-Setting Tips for Small Business Owners to help them stop wasting time and start focusing on high-impact activities that drive business growth and enhance customer engagement.

To help you create a more efficient and effective marketing plan, here are five goal-setting tips to consider:


1. Focus on Key Marketing Strategies

Don't fall into the trap of following every new marketing trend. Instead, focus on the key strategies that align with your business goals and customer needs.


2. Prioritize High-Payoff Tasks

All tasks are not created equal. Identify those that offer the highest payoff for your investment. This could be SEO optimization, targeted email campaigns, strategic partnerships, or another high-impact initiative.


3. Avoid Non-Productive Marketing Channels

It's essential to know where your ideal customers spend their time. If they aren't active on a certain platform, there's no point in wasting resources there.


4. Allocate Time and Effort Wisely

After identifying the most effective channels, invest appropriate resources into making them work for you. This could mean hiring a social media manager or spending more time developing high-quality blog content.


5. Consistently Evaluate and Adjust

Lastly, remember that marketing strategies should be fluid, not static. Continually track and assess the performance of your marketing efforts and be ready to adjust your strategy when necessary.


Are you wasting money with your marketing efforts?

Embark on a journey to uncover your business's untapped potential with our Gap Analysis. Turn chaos into clarity and see your vision come to life, driving your marketing strategy and propelling your business toward success.


Why You Can't (And Shouldn't) Be Everywhere

As a small business owner, you might feel pressured to have a presence on every available marketing channel. Resist this urge. Instead, identify your ideal customers, find out where they hang out, and focus your resources there. By being strategic and selective, you can maximize your marketing impact and save valuable time and effort.


The Power of a Marketing Strategy

A well-crafted marketing strategy not only guides your efforts but also informs you of what not to do. It's a map that helps you navigate the vast marketing landscape, avoiding unnecessary detours and dead ends. This strategy-centric approach allows you to build momentum by focusing on key areas and tracking your results, which is essential for growth.

If you're feeling overwhelmed or stuck, it might be time to reevaluate your current marketing strategy and learn about the components to create a good one. Remember, it's not about doing everything—it's about doing the right things.

To aid you in your marketing journey, consider our Gap Analysis. This tool helps you uncover untapped potential and inefficiencies in your current marketing strategy, transforming chaos into clarity. It's a powerful first step towards a more efficient and effective marketing approach.

Remember, in marketing and in business, focus is key. Instead of scattering your efforts across every platform and strategy, hone in on what truly works for your business. Stop wasting time and resources, start maximizing your marketing strategy today. Your future self will thank you.




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