Productivity

Values, Sleepless Nights, and Saying “Yes”: What I Learned in 2013

The last 365 days have been big for me. In 2013, I graduated from post-secondary school, went to two life-changing conferences (in Toronto and New Orleans), started my career, was let go from a company for the first time, joined a creative writing group, started going to the gym regularly, changed my diet, had a family member go through a serious illness, and made (or grew distant from) some friends.

But before we officially close the books on 2o13, I’d like to share 10 personal lessons, insights, and thoughts from the year that was. Thanks for reading and Happy New Year!

1. Define your values and don’t compromise on them.

Reading Simon Sinek’s book Start With Why changed the way I look at life. This year, I’ve placed a great emphasis on defining what’s important to me and making sure that whatever I do aligns with my values. It’s also given strategic direction to my goal-setting and has allowed me to filter out the noise around me that I don’t agree with. I encourage you to constantly define what matters to you in terms of relationships, career, money, health, etc. and hold yourself to your beliefs.

2. Break big things down into manageable chunks.

This comes down to proper goal-setting (remember the “SMART” rule: Specific, Measurable, Attainable, Realistic, & Timely). For myself, it’s always been easier to come up with big goals for myself that will take years to accomplish. This past year, I really tried to get myself to break those big ones down into smaller, more practical pieces; instead of always looking at the entire wall, I’ve tried to focus on a brick or two at a time.

3. “You either win or you learn. Failing is a choice.”

A former colleague of mine sent this message to me after I was let go from my job. It reminded me that so much of life is about your attitude and your perspective.

4. Say yes more than you say no.

In the movie Yes Man, Jim Carrey’s character Carl Allen is an uninteresting, antisocial man who is reluctantly forced to start saying “Yes” to every opportunity, request, or invitation. Some craziness ensues, but Carl ultimately starts having a more fulfilling life over the course of the film. This past year, I’ve tried harder than ever to adopt a similar mentality and embrace new opportunities instead of staying in my comfort zone. As the saying goes, “the only way to define your limits is by going beyond them”.

5. Discover purposefully, instead of wandering aimlessly.

The beauty of life is that it never runs in a straight line. Still, there is a difference between getting detoured and getting derailed. Understanding this difference was a big focus for me this past year. Go out there and explore, I say – just know why you’re doing it.

6. Surround yourself with the right people.

Whether socially or professionally, I’ve tried to eliminate toxic relationships from my life this past year. I try to surround myself with people who will help me move forward, not backward. I value relationships where we can both positively influence one another.

7. Think long-term and understand what it means in the short-term.

In my last year of school, I held executive/leadership positions in three different student-driven organizations, all while simultaneously attaining academic distinction status upon graduating. As a result, I routinely got less than four hours of sleep most nights and had more 18 hour days behind a desk than I’d like to remember. There were certainly times when I was tired or frustrated with the constant barrage of work, but I reminded myself that there was a reason why I was putting myself through all of that and that there would a payoff one day.

8. Ask for help. 

I’ve always been an independent person who likes to try and figure out my own solutions to problems. As such, asking for help doesn’t always come naturally to me, but 2013 taught me that there are situations where I need to lean on others more often.

9. Always leave things better than how you found them.

Learning to be a leader and understanding how to create positive value on a daily basis in whatever I was doing is something I worked hard on this past year.

10. Start today.

There are several things I did (or started doing) this year which I wouldn’t have done if I didn’t take that all-important first step. In 2014, I plan to write a book and learn how to DJ or play the guitar (or both). But I know nothing happens until I put that first word down on paper or learn that first chord.

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Digital, Marketing, Social

“Engagement”: marketing’s most misunderstood word?

There was an interesting article from Fast Company that I read the other day which spoke about an oft-used word in the age of digital branding: “engagement”. This particular word seems to be important to anyone who conducts business online, but as Jeff Beer wrote, “‘engagement’ is an imprecise term”. So how exactly do we measure its value, then, if it even has any at all?

The story I read was about Burger King Norway and an interesting tactic they employed when re-launching their Facebook page: “In an effort to get a fresh start, [they] offered all of the followers of its previous page a free Big Mac to not join the new page… The rationale: the brand had low engagement and a lot of fans whose activity consisted of making negative cracks and asking for discounts.”

In a culture where many brands and companies still place a massive emphasis on follower counts as a measure of digital success, Burger King’s decision seems bizarre, especially considering that they went from 28,000 to 8,000 fans with the maneuver. Conventional wisdom would say that they just cut their audience down by two-thirds and limited the reach of their marketing messages.

However, the problem with this line of thinking is that it comes from an outdated and frankly, uneducated mindset. Overemphasis on follower counts as a measure of engagement comes from the same school of thinking that says that spending big money on a national ad will always be more effective than a lower-priced local ad, simply because more people will see it. This mentality is rooted in the belief that companies have customers, not communities, and is exemplified by one-way rather than two-way communication tactics.

Instead, I think the better way to measure “engagement” is by looking at “conversion”. That is, how many people are actually taking the desired action that you want them to take with your marketing/sales message? The traditional definition of engagement might tell you that 100,000 people on Facebook saw one of your messages, but conversion will tell you that only 4,000 of them clicked on the link in your post. So if you were asked how many people were “engaged” by your post, which number actually makes more sense?

The difference between “engagement” and “conversion” isn’t just haggling over different numbers, however. It’s also a difference in ideology. Engagement is statically rooted in one-way conversations: “Okay, great, 100,000 people saw our message. Our work here is done”. Conversion, on the other hand, inherently requires two-way communication to optimize: soliciting feedback, crafting messaging with clear calls-to-action, and constant testing and fine-tuning. With conversion as the focus, both parties benefit, as the business understands their customers better and customers interact more meaningfully with the business. Through the narrow lens of engagement, though, achieving either of these is not possible.

Still, at the end of the day, we might not ever be able to come up with a universally-pleasing definition of “engagement”. What we can do, though, is agree that it certainly isn’t measured best through metrics like follower counts. Sven Hars, Burger King Scandinavia’s marketing director, put it best when he told Fast Company, “We stopped focusing on how many likes we had, and put time and resources into finding out what to talk about and how to engage our fans.”

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Business, Tech

Gambling, Movies, and Wall Street: The Age of the Tech Startup

Alex Wilhelm posted an interesting article on TechCrunch today, in which he concluded that there appears to be “a negative correlation between celebrity interaction and a startup’s future health”. He cites Path, Wiredoo, Airtime, and Moonfrye as examples of ventures that have fizzled with involvement from celebrities such as Soleil Moon Frye, Ashton Kutcher, Sean Parker, and MC Hammer.

You read that right: MC Hammer, best known for his 1990 hit “U Can’t Touch This”, was behind a startup. More specifically, a tech startup, Wiredoo, which was a search engine with aspirations of competing against Google and Bing. If there were any doubts in your mind that we are living in the age of the startup (or perhaps more accurately, the age of the tech startup), then the image of Hammer agonizing over “deep search” and “relational topics” should erase those permanently.

Maybe MC Hammer was inspired after watching The Social Network or reading the book which the film was based upon, Ben Mezrich’s The Accidental Billionaires. Either way, the movie (which received 8 Academy Award nominations) seemed to signal the arrival of Hollywood glitz into the previously unexplored world of nerds, hoodies, and ramen-fueled marathon coding sessions. But is Hollywood, with its focus on style over substance, the right dance partner for tech companies? As Wilhelm muses in his article, “Are companies with celebrity backing less focused on their fundamentals, or perhaps more focused on how they appear?”

Yet, it’s not only Hollywood that has been enchanted by the wizards of Silicon Valley. Wall Street has been equally compliant in building the hype of the “tech startup”. The prime example in today’s headlines is Snapchat, headed by 23-year-old CEO Evan Spiegel. In the wake of Snapchat allegedly rejecting Facebook’s $3 billion all-cash(!) acquisition offer, news emerged that others have valued the messaging app at $4 billion. This number is shocking when you consider that Instagram was purchased by Facebook last year for $1 billion, or only 25% (or possibly less) of Snapchat’s eventual acquisition price.

It looks like Wall Street isn’t actually located in New York, but rather Las Vegas, because only in the tech industry does a company spurn $3 billion in cash for a product/service with no existing revenue! Of course, you can’t really blame Snapchat for turning the offer down, especially if they think they can get $4 billion (or more) by holding out until 2014. Rather, it might be investors who are the ones confusing investing for gambling, because never before has “potential” traded for higher than “reality” in any other era in modern business history.

Traditionally, companies have tried to answer two key questions: “How can we do or make something better/different than our competitors?” and “How do we make money on it?”. In the age of the tech startup, one query takes precedence over either of these: “IPO or acquisition?” For better or worse, your goal if you run a tech company today is to cash out when your chips are worth the most, or at least when they appear to be worth the most. Thus, while Wilhelm might be right when he says that the slick Hollywood packaging doesn’t necessarily help, it certainly can’t hurt.

So this brings us to today, where our story is about Ashton Kutcher, gambling, and 23-year-old future billionaires. No, this isn’t the next big movie in theaters; this is the marriage of Wall Street and Vegas, with Hollywood presiding. Welcome to the age of the tech startup.

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Digital, Marketing

It’s the Message, not the Medium

I read a great article by Joe Pulizzi today, in which Joe writes that Newsweek‘s decision to move back to a printed version of their magazine represents a “huge opportunity for brands”.

As a self-professed social and digital media advocate, this definitely got my attention. I mean, I know about the effectiveness of direct mail marketing (especially among “Baby Boomers” with high disposable incomes) from my time in the classroom. The value of “traditional” media for marketing purposes has never been lost on me.

Instead, what left me so surprised was that I never thought about the flawed reasoning behind why many people have been so eager to declare print as “dead”. After all, we see it as useless as we tap our smartphones and open up entertainment, news, social, and leisure portals with the click of a button. In the digital age we live in, print seems slow, outdated, clumsy, and worthless. Thus, we quickly dismiss the value of the actual medium itself.

Yet, as we’ve all become digital natives, advertisers and companies have immediately moved with us in lockstep, for better and for worse. Our email inboxes are now flooded with vague offers. Our social media feeds contain an abundance of information, which we’ve grown accustomed to scanning and then discarding, all within seconds. Indeed, what we used to call “non-traditional media” has become second nature to both businesses and consumers.

This is why Newsweek‘s decision might strike you as bizarre. It flies in the face of convention, especially in today’s digital-savvy media industry. Yet, consider that it’s not as if Newsweek is suddenly going to start reporting exclusively on sports now. Much of the attention is on the fact that they are changing their medium, not their content.

It seems to me that with all of the communications channels that we have at our disposal today, many of us are more focused today on how we will say something instead of deciding what we are going to say. Instead, I think we should focus on the message first, then the medium.

After all, it’s easy to get caught up in technological trends, shifts, and what competitors are doing: “Hey, it looks like Corporation X just used Twitter to promote their latest campaign. Maybe we should do that too”. Soon enough, your Twitter feed is clogged with 80 companies running similar promotions, regardless of whether it even makes sense for them to use that method of communication. How many times have you seen this for yourself?

Instead, if you first seek to understand your customer/audience, you’ll be able to craft compelling messaging to get their interest. That’s when you can choose the appropriate channels to communicate with them. Because at the end of the day, whether it’s a Facebook post or a magazine, it doesn’t matter how you choose to say it, if what you say doesn’t matter.

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Business, Society

Rogers, the NHL, and the demand for “more choice”

Rogers Place

Photo courtesy of CNW Group/Rogers Communications Inc.

In a major announcement earlier today, Canadian telecommunications giant Rogers Communications revealed a partnership with the NHL’s Edmonton Oilers for the naming rights to Edmonton’s new downtown arena set to open in 2016. In addition, Rogers is set to introduce multimedia and technology initiatives for the new arena that will significantly impact the “fan experience”.

This news follows the even more significant event from last week, in which the NHL and Rogers announced a landmark 12-year, $5.2 billion media rights agreement that will see Rogers own the broadcast, digital, and media rights for the NHL in Canada, effectively shutting out primary competitor TSN while stripping CBC of its editorial control over the iconic Hockey Night in Canada program.

This kind of agreement is not surprising when you consider that only eight corporations control the 100+ basic cable and broadcast networks in the United States. In Canada, which only has about 10% of the population of the US, the telecom industry is dominated by the “Big Three” (including Rogers) who control about 85% of the wireless market share, a statistic that hasn’t sat well with many Canadians. In fact, the issue of wireless monopolization was recently the topic of a $9 million ad campaign run by the federal government.

Now, when it comes to the Rogers’ initiatives surrounding the NHL over the past week, it is clearly good for business for both Rogers and the league. Rogers will profit from an arrangement that will give them an unprecedented relationship with hockey-mad Canadians across the nation. The NHL, meanwhile, is clearly thrilled with the business prospects of the agreement, which dwarfs the 10-year, $2 billion deal they signed with NBC for the US television rights in 2011.

For fans, these developments could represent an incredibly positive change in their experience of the game. The deal will allow Rogers to use all of their multimedia options (including television, mobile, online, and print) to deliver comprehensive content to fans before, during, and after the game, regardless of whether they’re in the arena or on the couch at home. Without regional restrictions, Rogers could present fans across the country with a unified, consistent experience.

Still, these same fans are still contending with Canada’s highly concentrated telecommunications and media ownership situation in which Rogers is also a major player. As many people continue to be frustrated with their telecom options nationally, could this arrangement also alienate some fans who are loyal to TSN and CBC’s hockey coverage? It’s quite possible that the demand for “more choice” could soon extend to Canadians’ beloved game of hockey as well.

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