10.19.2012

Why Being Smart Is A Bad Business Strategy.

There is a big difference between being a smart person and having a great plan.

Filling your company with smart people is obviously a great way to create a healthy environment of growth and competition.  But being smart doesn’t always translate into revenue growth or market dominance.

The reason is actually quite simple. While buyers with problems need smart people to come up with solutions to help them, they need a plan more.

People are risky. Plans seem safe.

This fundamental concepts rings true when you choose which politician to vote for, when to ask for help in fixing business problems, or when you need to fix a problem in your personal life.
You need a plan. 

Don’t forget that when creating marketing and sales language to describe what you do. If the best that you can deliver is success stories from the past (a.k.a. “case studies” on your website), you are missing out on significant opportunities to connect with likely buyers.

Take the time to create a story that includes problems, possible solutions, and the plan to move from problem to success. Make the price simple. You can charge more if they need more.

Problems are hard to solve.

Even the simplest of problems can present a difficult challenge to a smart person. But it is a bad business move to try to convince potential buyers to invest their money in a person rather than a plan.

They know you’re smart already. That’s why they are talking to you. Give them a plan.

That’s even smarter.


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  • http://www.DataScopic.net/ Oz

    It has taken me a long time to get (and I still goof this up): they don’t understand the details of all of the “smart” talk. They don’t want to understand and don’t need to understand.
    We need to have a plan, execute it and deliver.

    • http://www.DanWaldschmidt.com/ Dan Waldschmidt

      That’s right, Oz. Well said. Have a plan — and execute like a crazy man.

      Stop trying to defend yourself. Just be awesome.

      Dan

  • Leanne Hoagland-Smith

    Let us not forget what Pres. Eisenhower said – Plans are worthless; planning is everything. This suggest continually thinking, reflecting and making those course corrections to any plan.

    • http://www.DanWaldschmidt.com/ Dan Waldschmidt

      That is true. A “static” plan is not a powerful (and effective) as “planning to be successful”…

      Dan

  • Pingback: Why being smart is a bad business strategy | EBI Consultancy

  • http://www.facebook.com/suchismita.pai Suchismita Pai

    Smart gets you a foot in the door or maybe gets the clients step in through your doors, but till you deliver it means nothing. Not only is smart not important, even having a plan that does not work is meaningless for repeat business. So delivery is most important.

    • http://www.DanWaldschmidt.com/ Dan Waldschmidt

      Being smart gets you a start. Having a plan takes you a little farther. Delivering on your promises pushes you over the top.

      Great point, Suchismita. Thanks for sharing some great ideas with us all.

      Dan

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