Archive for September, 2007

“How to distinguish yourself in the marketplace” - NYC Oct 3 event

by Rajesh Setty on Fri 28 Sep 2007 11:55 AM EDT

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I will be one of the panelists in an event organized by New York Software Industry Association (NYSIA). Here are the details:

Time: 8:00 AM - 10:00 AM
Location: CRESA Partners New York, 100 Park Avenue, 24th Floor, (Enter on 41st street between Park and Madison)
Directions: 4, 5, 6 Trains to Grand Central/42nd Street
Admission: Free for NYSIA Members, $20 for non-members, $25 for walk-in non-members.
Registration: REGISTER HERE, or call (212) 475-4503. There is not guaranteed entrance for walk-in attendees.
Registration closes: Tuesday, October 2, 3:00 PM

More information about the event is available here:

NYSIA: How to distinguish yourself in the marketplace

Ways to distinguish yourself #183 - Increase your capacity to increase capacity of others

by Rajesh Setty on Wed 26 Sep 2007 09:28 AM EDT

I don’t think people have a dearth of ideas or opportunities. There are literally hundreds of ideas and opportunities that people can pursue. However, there is a physical limitation on people’s capacity to execute on them. You are gold if you can enhance someone’s capacity as they pursue their life’s passion. However, when you are young, it costs you a lot more to add capacity to someone else because you don’t have the skills, connections and/or a powerful identity in the marketplace. Sadly, for most people even after they spend a decade in their careers, their capacity to add capacity to others is very limited. They may want to help but they don’t have the capacity to to provide good help.

Think about this. Someone that matters most to you is pursuing something important. The value of succeeding in that is, let’s say $100K for that person. First, if that person does not think you can help, he may not even ask your help. Let’s assume that he thinks you can help him with that project. Now, the cost for you to help him depends on your “current capacity” in the marketplace. If you less capacity to help, it costs you a lot more to help. As your own capacity increases, the cost to help drops drastically. What is important to notice is that the value of completing the project for your friend is $100K - irrespective of how much it costs for you to help him with the project. This means just one thing - as you work to build capacity in the marketplace, you can add higher value to people that matter most to you at a very low cost to you.

If you help the right people, they will be grateful to you for the “value” you bring to them. It may have costed very little to you to bring but they will still “thank” you for the value that you brought to them. The moment this starts happening you have superior leverage relative to others in the marketplace.

To summarize, watch your “current capacity” in the marketplace to add capacity to other people. You can assess that based on the kind of requests for help that you are getting. Once you determine your current state, think about what you can do to take it to a whole new level in the next few years. If you stick to that plan with discipline, you can start seeing magic soon!

———————–
Note 1: For the other 182 entries in the “Distinguish yourself” series, please visit my Squidoo lens on the same topic
Squidoo Lens: Distinguish yourself

Note 2: My latest manifesto on ChangeThis was published exactly on August 8, 2007. Today it is ranked #77. I am overwhelmed by the support for this. Thank you. For those who have read it, I request you to forward the link to others who may benefit from it. Here is the link:
ChangeThis Manifesto: Making the Most of Your Time: Going Beyond To-Do Lists

Black mark

by Rajesh Setty on Wed 26 Sep 2007 09:00 AM EDT

You might have heard this example used in analogies before:

Imagine a white sheet with one black mark. What do you see? A white sheet or a black mark? Of course, a black mark

Now, stretching it a little bit, something for you to think about:

Think about your blog as a white sheet of paper and you have one bad post. What do people see?

Think about all your conversations as a white sheet of paper. You have one bad conversation. What do people remember?

Think about all the emails that you send to someone as a white sheet of paper. You send one bad email. What do people notice?

Think about all the speeches that you give as a white sheet of paper. You don’t prepare well for one of them and goof up. What will people remember?

Black marks gain importance defying statistics. You can’t say 99.5% of your emails are good. It’s just the 0.5% of those that have a problem - so it should be OK. Unfortunately it’s not OK. The 99.5% of those emails were taken for granted. There is nothing to notice there. Hence the other 0.5% get the attention.

You can ignore the black marks you leave behind but you can’t escape the consequences.

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A Blogger’s fantasies

by Rajesh Setty on Sun 23 Sep 2007 08:09 AM EDT

Note 1: These are in no particular order
Note 2: Not all bloggers have all the fantasies listed <<smiles>>

Fantasy #1: You think you are important because you are blogging.
Reality #1: A blogger can become important by his accomplishments. Blogging can enhance it. Well, there are some bloggers who are famous just by their blogging. You can try to copy them if you want to chase exceptions.

Fantasy #2: A blog post is important because you wrote it
Reality #2: A blog post becomes important if the blogger is important - refer to #1. Also, a blog post is important based on what is in the blog post - not just because it’s a blog post.

Fantasy #3: Having a blog is a status symbol
Reality #3: In 2000, yes. Now, there are more than a hundred million blogs. Go figure.

Fantasy #4: You can trick people to increase traffic.
Reality #4: It all depends on the blogger’s objective. Tricks and gimmicks can get traffic but don’t know whether that is the kind of traffic you want. My teacher once told me that clowns make people laugh in a circus but that’s not the reason for people to go to the circus.

Fantasy #5: You can exchange links with others to quickly get to glory
Reality #5: The only way to get links to your blog is by CONSISTENTLY writing well and backing that up with accomplishments offline.

Fantasy #6: If you don’t listen to me, I will threaten to blog about it
Reality #6: Blog is not a crutch or a blackmailing tool.

Fantasy #7: Everyone in the blogosphere is equal as everyone has a blog
Reality #7: Theoritically yes, practically - makes no sense. It is like a startup CEO with a 1-person company saying he has the same power as any CEO. A-listers have more power - whether you like it or not.

Fantasy #8: Because it “your” blog, you can write whatever you want
Reality #8: Of course, that’s true. But you should also be prepared to face the consequences and the impact on your identity.

Fantasy #9: Blogging can make you rich and famous
Reality #9: Blogging can definitely help but to be realistic, it has to be WAY more than blogging that will get you there.

Fantasy #10
: Blogging is the short-cut to reach a lot of people
Reality #10: It may very well be. However, for the other person to trust you, your public identity and the quality of your blog becomes important. It is one thing to get someone to visit your blog once and it’s a whole different thing for someone to visit your blog again and again.

Bonus Fantasy #11: Having a blog is cool
Bonus Reality #11: Having a powerful identity and a good blog is cool

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“Making the most of your time” article published on PSVillage

by Rajesh Setty on Wed 19 Sep 2007 08:06 AM EDT

I am a big supporter of Terry Jansen and PSVillage. Today shorter version of my manifesto “Making the Most of Your Time” is published in PSVillage. Here is the link:

PSVillage: Making the Most of Your Time - Rajesh Setty

If you are in Professional Services business, please do check out what PSVillage has to offer. If you are a PS executive, please consider joining the conversation at PSVillage.

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Making your emails mobile-user-friendly - Vol 1

by Rajesh Setty on Tue 18 Sep 2007 19:35 PM EDT

It is no secret that people are using mobile devices to read and respond to their emails. This is a trend that is here to stay. This means WE have to change the way we write emails knowing that it may be read and responded to in a mobile device. Here are some tips to make your email mobile-user-friendly.

1. Be concise

“I didn’t have time to write a short letter. So I wrote a long one instead.”

- Mark Twain

It’s hard to read a novel on a mobile device. Try to keep it concise so that you still get the their full attention. Otherwise, your email will be “read later”.

2. Work on your subject line

I see emails with subject lines that say something like “Hello” and “Hi” or “From <name>”. As you can see these are not compelling enough for a person to skip them over and get to the email that has a better subject line.

3. Be re-user-friendly

Remember that if your email needs to be forwarded, it’s hard to edit content on a mobile device. The best would be to make your email self-sufficient and actionable so all the recipient needs to do is to click and forward.

4. Don’t mix multiple messages in one

If you include multiple messages in one, it makes it difficult to be acted upon especially if the messages relate to different groups of people.

5. Include your contact numbers

Sometimes it may be easier for your recipient to call you back. If you include your contact numbers, calling you back is only a click away.

6. Copy someone only if it is REQUIRED

The last thing people want on their mobile device is noise. If you are email is not increasing their email signal-to-noise ratio, you are hurting them.

7. Highlight key items in your attachments in the body of the email

Sometimes you receive an email where the body says “You should really take a look at this..” and nothing else. You are supposed to open the attachments and interpret things.

The problem is not all mobile devices can handle attachments well. With the limitations in the form factor, it is hard to expect someone to see through the attachments (word, excel, pdf you name it) and interpret why it was important to see them.

8. Avoid mystery and drama in emails

You have seen those emails I am sure.

Any sort of mystery in emails is tough. Business and TV are different in the sense you don’t want drama at all in business and in TV all you want is drama. If your email is related to business, then avoiding drama at all costs will help.

9. Take care when sending calendar invites

Programs like Outlook will help you create a calendar invite. However those invites work well only with Outlook. So the information you want the recipient to see (time, date and location of meeting) may not be visible on the mobile device. The simple solution is to also include that information in the subject line and/or the body.

10. Reduce dependency on other systems

For example, don’t ask the person to check your latest notes about a customer in the CRM system. The recipient may not have access to the CRM system on the mobile device. Instead summarize the notes that you wrote in the CRM system on to the body of the email.

Have a great week ahead!

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What Motivates People: Beckwith 40

by Rajesh Setty on Mon 10 Sep 2007 07:16 AM EDT

Note: This is re-published with permission from Harry. Thank you Harry for these gems.

What Motivates People: Beckwith 40
by Harry Beckwith, Strategic Director, Beckwith Partners

Beginning in the sixth grade at Nehalem Upper Elementary, when I read Vance Packard’s The Hidden Persuaders three times, I have spent 45 years trying to understand what motivates people –particularly why they choose one product rather than another seemingly identical one.

I have arrived at some firm conclusions — including, as you will see, a reservation about firm conclusions.

These are the Beckwith 40:

1. Your biggest competitor is not a competitor; it’s your prospect’s indifference.

2. Your second-biggest competitor is not a competitor; it’s your prospect’s distrust.

3. Your biggest obstacle is whatever stereotype your prospect has formed about you and your industry.

4. Prospects decide in the first five seconds.

5. Prospects don’t try to make the best choice. They try to make the most comfortable choice.

6. At heart, every prospect is risk-averse, and risks are always more vivid than rewards.

7. Beware of what you think you know or have experienced; memories fail people constantly.

8. For the same reason, beware of what others say they know or have experienced.

9. Certainty is a trick your mind plays on you; keep yours open.

10. If everyone likes your idea, it’s not an idea. Good ideas always make enemies.

11. Don’t create something that everyone likes; create something that many people love.

12. Research never shows anything; it only suggests.

13. Never take seriously what people say they think, because people are never sure. Trust only action.

14. The more similar two things appear, the more important their tiny differences. Accentuate the trivial.

15. Your most valuable salesperson is the person who answers your phones.

16. You must improve constantly, because people’s expectations rise constantly.

17. Whatever you are doing, do it faster. Speed always sells.

18. People don’t care how good you are. They care how good you can make them.

19. The best companies don’t make the fewest mistakes; they make the best corrections.

20. You cannot convince someone you have a superior product at a low price. Make up your mind.

21. We call them “premium prices” because a higher price represents insurance that your product will perform.

22. “Value” is not a compelling message or tenable marketing position, because every product that survives in a market has demonstrated it gives value for the price it commands.

23. Despite all the warnings, all people judge books by their covers.

24. People hear what they see; you must communicate visually.

25. The more complex our society becomes, the more valuable your brand becomes.

26. When in doubt — which is almost always — people choose what feels familiar.

27. Brands do not just attract buyers; they improve customers’ satisfaction. Brands have placebo effects.

28. No intelligent person should be influenced by advertising, but every intelligent person is.

29. Simplify everything: your name, your message, your design. Strip away everything until only the essence remains.

30. If it takes 50 words to make your pitch, I will buy from the person who can do it in 20.

31. Communicate one important message and people will think three good things about you; communicate three messages and they will think nothing.

32. People don’t learn from descriptions. They learn from stories.

33. If you prove it, you don’t have to say it. If you don’t prove it, saying it is a waste of everyone’s time.

34. There is no such thing as “best.”

35. Ordinary names, ordinary words, and ordinary images warn us that you must be ordinary, too.

36. Lincoln didn’t have slides at Gettysburg.

37. Never criticize your competitors.

38. The fastest way to improve your communications is to cut them in half.

39. The second-fastest way is to try to eliminate every adjective.

40. The ultimate test of a communication: Does it make people stop what they are doing?

————

Have a great week ahead!

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Ways to distinguish yourself #182 - Structure yourself to get high-quality help requests

by Rajesh Setty on Sun 09 Sep 2007 09:30 AM EDT

If we super-simplify what we do on a daily basis, we can say that we are

1. doing what we want to do or

2. doing what someone else wants us to do or

3. doing what we HAVE to do.

In the first case, it is clear that you are totally in-charge. What kind of activities you engage in depends on you and the self-discipline you have.

In the second case, it really depends on what kinds of requests you are getting. If you are constantly getting requests to perform activities that are considered a “commodity”, that is what your identity will be. Alternatively, if you are constantly getting requests that are of “high value” to the stake holders, you are automatically getting a premium.

Watch the requests that came your way in the last three months.

1. How many of these do you consider “commodity requests”?

2. How many of these do you consider “high value” requests?

3. What percentage of requests (when fulfilled) will take you to a whole new level?

4. What percentage of requests will bring the best out of you?

5. What percentage of requests will extend your personal brand?

6. What percentage of requests are in your area of strengths and will enhance your strengths even further?

You don’t have to answer this to anyone else. The only person who can make a judgement on the quality of requests is you. If you are not happy with the quality of help requests that are coming your way, what can you do in the next three months to change this?

———

Note 1: For the other 181 entries in the “Distinguish yourself” series, please visit my Squidoo lens on the same topic
Squidoo Lens: Distinguish yourself

Note 2: My latest manifesto on ChangeThis was published exactly a month ago. Today it is one of the top 100 manifestos. I am overwhelmed by the support for this. Thank you. For those who have read it, I request you to forward the link to others who may benefit from it. Here is the link:
ChangeThis Manifesto: Making the Most of Your Time: Going Beyond To-Do Lists

Inspiration Arrival: Viktor Prochaska interviews me for his blog - Part 3 and Part 4

by Rajesh Setty on Thu 06 Sep 2007 12:34 PM EDT

The third and fourth parts of the interview has been published at Inspiration Arrival. The topic being discussed is life beyond code. Here is the link to the interview

Interview with Raj Setty - Part 3 and Part 4 (topic: Life Beyond Code)

Have a great Thursday.

Thanks Viktor for the initiative and thoughtful questions

Inspiration Arrival: Viktor Prochaska interviews me for his blog - Part 2

by Rajesh Setty on Wed 05 Sep 2007 13:01 PM EDT

The second part of the interview has been published at Inspiration Arrival. The topic being discussed is startups. Here is the link to the interview

Interview with Raj Setty - Part 2 (topic: Startups)

Have a great Wednesday.