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The Professor of On-Purpose

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Marketing and Advertising

What’s Your Elevator Speech?

January 19, 2017 By kwmccarthy

The Elevator Speech or Elevator Pitch is one of the staples of sales training and business development. But is it really effective? In this classic On-Purpose Business Minute, conventional wisdom is challenged.  

In 2010, I was speaking at a leadership event with 550 highly successful independent health coaches. When I described the “Do Do Dialogue” (The On-Purpose Minute for next week) the audience was intrigued and asked me lots of questions during and after the event. When originally produced, this video along with the Do Do Dialogue were posted on a web page rather than my blog so I’ve posted them both for convenience.

Be On-Purpose!

Kevin W. McCarthy

Sales Growth? How Do I Improve it?

April 28, 2016 By kwmccarthy

Sales growth challenge?

What if you had a volunteer sales force spreading the word about your goods and services? Would your business grow? Of course it would. Unfortunately too many of us who are small business or solo owners aren’t clear in our minds about who we are, our ideal on-purpose customer, and our value proposition. In fact, we may not even have a workable mechanism to get paid for our goods and services.

You’re a few short questions away from having a sales force of people recommending your business and getting the sales growth you want. Write out your answer to The 3 Knows:

  1. Know who you are — identity.
  2. Know who you serve.
  3. Know how you profit or add value to your clients.

Equip people to help you build your business and be willing to ask for their help.

Try this sales growth exercise to see how on-purpose your team is.  Ask your 3 Knows of Sales Growthsales team and sales support to respond to The 3 Knows above.  Compare results and candidly assess how much alike or different the responses are.  This will help you gauge just how clearly communicate the core sales growth strategy is for your business.

Another option is to ask five customers or clients to respond. You’ll learn a lot about how easy it is for people to refer or recommend you.

Participate in the economy, but don’t go to the pity party.

A sure way to kill your sales growth (and business) is to blame the economy. Here’s an easy target for slumping sales. The only problem is that it is a distracting and useless exercise. Blame is a losing strategy. You don’t control the economy. U.S. Presidents think they do, but they don’t. Instead focus on items that are under your control and that help to increase sales growth. You do have a degree of control over your economy. Answer The 3 Knows.

Tough times are even tougher especially when we allow ourselves to get distracted from what we do best. In my engagements with business owners, sales persons, entrepreneurs, and executives with P&L responsibility, their greatest challenges are almost always self-inflicted. They just don’t know what they don’t know.

That’s the value of a business advisor, especially one who isn’t an industry insider. We see your business differently. We ask questions. We don’t assume to understand. We’re curious to find out what’s working, what isn’t, and why.

A poor economy reveals what boom times hide.

Use the season of a sluggish economy to strengthen the business by focusing on what is on-purpose. Again the 3 Knows matter big time here.

Test the first of the 3 Knows. Ask someone what they do. Chances are they’ll offer up their title or role, e.g. “I’m a banker,” “I’m a salesperson,” “I’m a health coach,” “I’m a business owner.” 

So what? 

This lazy response reflects an underlying strategic issue of identity confusion. Don’t expect people to understand what it is you do.

Create your DoDo Dialogue. Here’s a fast, easy way to more rapidly and meaningfully engage a volunteer word-of-mouth sales force to send you referrals and recommendations. All because you “bothered” to make their understanding of what you do easily memorable, relatable, and frankly, more exciting. Don’t network for business. Instead, go to equip your volunteer sales force. By the way, be sure to ask them about their 3 Knows first. You’ll have your turn to share.

Watch your sales grow as you equip and inform rather than network and hand out business cards. 

What Do You Do Best?

December 31, 2015 By kwmccarthy

As A New Year Rolls Around: What Will You Do Best in 2016?

The On-Purpose Business Person
Here’s the new cover to The On-Purpose Business Person since this classic OP Business Minute was recorded

This simple, yet highly clarifying question from this Classic On-Purpose Business Minute carries strategic value and importance to every aspect of your business and life. Your answer matters. Don’t get hung up on the perfect answer. Have a written answer that is in the ballpark. That alone will powerfully direct and clarify many decisions you face today and will face in the New Year.

The subtitle to The On-Purpose Business Person provides an important strategic statement that is so simple that one might miss the power and potential to transform your career and/or business. 

Consider the centerpiece of the subtitle: Doing More Of What You Do Best More Profitably. It can transform your life, career, and business.

Have you read The On-Purpose Business Person? You’ll learn how to do more of what you do best more profitably.

 

Why Do I Need to Align & Integrate My Business?

December 10, 2015 By kwmccarthy

Within our business advisory firm, the single greatest “request” we get is about sales growth or income generation. There are lots of quick-fix remedies to tweak sales. There are marketing strategies, too, that can position the business for improved selling opportunities. Business strategy examples can only take you so far. Be specific. Worse, you’re selling your business short of specificity when you copy what others do. Your business is unique, so the business strategy and model need to capture that.

What you need is a universal tool to address your unique needs — that’s The Service Model (below). Here you have both a tool to create and build business strategy as well as analyze and improve what exists. Regardless of whether you are the CEO of a major corporation or a commissioned salesperson with a territory, you have a Service Model by either default or by design.

At On-Purpose Partners we help our clients assess the underlying strategies, structures, and systems — the foundations of an organization found at the bottom of the Service Model (Purpose and Plan). Slight misdirection here only gets amplified throughout every line item on the P&L and the corporate culture through the People, Processes, and Performance.

Service Model 1-page worksheet & instructions

Most clients call because they have a “Performance” level problem — such as not enough revenue. So they’ll do the quick fixes to performance or dig a bit deeper into the Process area (Marketing). Or, they’ll gin up the sales team with incentives to meet current objectives at the risk of sustaining the relationship.

In other words, they start where the problem appears and try to fix it there. There’s merit to this, but if there are persistent problems, then this doesn’t address the root cause. In fact, it tends to create a frenzy of latest gimmicks. It becomes almost addicting activity.

Addressing Process matters such as Marketing or Training looks at systems for solutions. This is a smart move because if the system has flaws then the Performance will suffer. I’ll venture a guess that 98% of most consulting work is hired in the Process and Performance level.

The challenge, however, is that the Purpose, Plan, and People levels are too often neglected or assumed to be properly working. Here’s why. The responsibility for these levels falls to the leadership and management of the organization. It is hard to self-assess. Much like a fish doesn’t realize it is swimming in water until it is out of the water, leaders and managers rarely have the perspective to see their own context.

What To Do:

Define your Target Audience (Customer). Then, remodel your business by starting at the bottom of the Service Model and work your way to the top one level at a time.

Call it business alignment or getting everyone pointed in the same direction; the bottom line business objective is sales growth and profits. When the people and business strategy are confused on the inside, the customer or client experience is diminished. Losses mount in profits and people. It can get ugly!

Here’s how to create a better result for your organization. Know that alignment works but it stops short. Start with your goal or a vision, pare to the core, create alignment, and continue working on the business and with your team until all are more fully integrated.

Step 1: Setting the goal or writing the vision is typically the easy part. It may take time and some thinking and noodling with your brain to clarify it in writing, but get it done in writing.

Step 2: Alignment comes in many forms. Here are a few:

  • The On-Purpose Principle: This is the purpose of the person aligned with the purpose of the organization. If this alignment doesn’t exist, then everything else is manipulation or feels like manipulation. Work must be a meaningful expression of one’s life.
  • Strategic alignment within the business means, for example, that the business strategy informs the marketing strategy which informs the sales strategy and provides for tactical direction. Social media in particular needs to align or it is just a waste of time. Use the Service Model to guide you.
  • Customer alignment means the business is highly designed, built, and oriented to serve the customer while uplifting the team.
  • Project alignment means that the team players seek a common outcome or objective.

Alignment is an important and solid step but it falls short of what is needed. Business process engineering or re-engineering efforts are directed toward business alignment. When a business is missing its core strategy then there is no cornerstone for aligning and building.

As a business advisor, I consistently see money poured into tactical execution (Performance) when the strategy is deeply flawed. The waste of money and effort is monumental. Worse, I see good money chasing bad business designs time and again.

Websites provide a great example. So you’ve finally gotten your website launched and you’re waiting for the visitors to start finding you thanks to your investment in SEO (Search Engine Optimization and Google AdWords). It isn’t happening, so you invest even more money in your SEO and AdWords campaign. But what if the website, itself, isn’t welcoming or fails to present a call to action? Much of the investment in SEO and advertising dollars is wasted or hopelessly inefficient.

“Getting the business aligned” is often heralded as the cure for what ails the business. It is important, but it stops far short of what is really needed.

Step 3: Now that the goal is set and the strategy and structure are in place, turn to the relationships. Does your team understand the purpose of your organization? Have you clarified and communicated the purpose? Do they have a sense of call and contribution that allows them to get beyond the inevitable personality and preferential differences? Do they see their individual and collective contribution as so important that they can work as a team toward the greater good?

The higher level concept is integration. Strategically, purpose is the point of integration. Alignment deals with tangibles and direction. Integration deals with the people plus the intangibles and tangibles to create a wholeness to the organization. It provides a fabric to the culture and brand of the business that translates to the customer experience being extraordinary.

Work on alignment, yet remember to go the next step to create integration of the business beginning with the purpose, plan, people, process, and performance. Integration gets you to the gestalt of business where it works effectively and efficiently.

Do you need some one-on-one work on your business? Do you want me to help you create the path to being on-purpose? Contact the office to arrange an advisory relationship. Small Business Advisory Packages are available for one-on-one help with me (Kevin). Need more information? Call: 407.657.6000 or email us at info@on-purpose.com.

On-Purpose Business Minute: How Can A Bad Economy Be Good For Your Business?

October 29, 2009 By kwmccarthy

Depressed about this economy?  Don’t be!  A bad economy reveals hidden opportunities to improve your business so you can thrive in a survival economy.  Be prepared to explode your sales and profits when the business cycle recovers.

Download Development Tools 101 102  Follow the instructions provided in the document in order to get your free 30-minute consultation.  I reserve the right to withdraw this offer at anytime.

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