In KC visit, former Infusionsoft CMO delivers lessons on focus

October 17, 2016  |  Meghan LeVota

Greg Head

An entrepreneur’s ability to focus is her single largest bellwether of success.

At least according to Greg Head, the former CMO of Infusionsoft. Head — a 30-year veteran of the software industry — now spends his days consulting ambitious executives in growing companies on that five letter word: focus.

Head on Thursday visited Kansas City for an intimate discussion with young entrepreneurs convened by KC Roundtable and Bunker Labs KC. He shared tips and tricks he’s learned over the years to help those present to better focus their strategic vision.

Here are a few of his strategies.

Determine what stage your company is at.

Head said that there are three phases in a company’s life: exploration, narrowing and investing.

While in exploration, entrepreneurs see many opportunities — but you must focus on testing their value and sticking with those that are successful. And once you’re finished tinkering, Head said you must narrow it down.

“The reality is — which by the way is a magic trick that works every single time — is if you want to be successful, you have to start with being one thing, for one customer, one way.”

The narrowing phase entails that every entrepreneur pick one thing and be intentional about it, thus affording the final phase. Lastly, Head said founders should reinvest to widen your scope and offer more services or products.

The focus game

The “focus game” is exemplified by the likes of McDonalds, Amazon and Disney — which began with hamburgers, books and cartoon movies, respectively.

Head said that type of “narrowing” is difficult for most entrepreneurs. But if you maintain a targeted focus for a long enough time to become a market leader, you can expand later on.

A singular focus also enhances the quality of the thing you choose to sell, Head said.

“For the bigger companies, we don’t hear the story of how they all tried 20 things first, but it happened,” Head said. “Focus makes everything better. It makes the signal get through, and it makes your execution better. … Take barbecue for example: there’s sweet or dry rub. If you’re trying to be the best of both of those and you make one that’s kind of sweet and kind of dry — it probably sucks.”

How can you improve strategic focus?

You can’t hire someone to make you focus, Head said. The ability resides only with a founder, which is why Head often spends his time honing entrepreneurs’ strategic focus.

Head offered the group a six-point process to help lay an effective foundation.

Identify your category. Pick your category. Do you serve Mexican food, hamburgers or ice cream? You run the risk of doing each poorly if you do it all. Identify your category and stick with it.

Who is your target? Head said that you can’t be everything to anybody. In order to sell a product, you must appease a specific group.

Establish the benefit you offer. For customers to understand what they’re gaining from a product, entrepreneurs must prioritize a benefit. For example, McDonald’s prioritizes speed.

How is it different? Choosing one benefit means you’ll have to say no to some people. When you say no, Head said you can begin to differentiate yourself, which helps you stand out.

What do you care about? Maintaining a higher purpose and goal will attract people with similar values. For example, Chipotle said no to processed food and denied a working partnership with McDonald’s. Head said that sense of purpose will help reel in customers.

Establish credibility.
The more experience you have in your industry, the more seriously customers will take you. Become an expert in your field and communicate that to your constituents. If you focus over time, you will be rewarded with credibility.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , , ,
Featured Business
    Featured Founder

      2016 Startups to Watch

        stats here

        Related Posts on Startland News

        UMKC, Blue Springs schools testing entrepreneurship class

        By Tommy Felts | February 11, 2016

        The University of Missouri-Kansas City wants to play matchmaker between high school students and entrepreneurship. UMKC announced Wednesday that it’s partnering with the Blue Springs School District to test an entrepreneurship course for both high school students and community members. The course, which aims to introduce students to opportunities in entrepreneurship, is available for credit…

        Dickson: Kansas City’s ‘show me’ mentality is stagnating its startups

        By Tommy Felts | February 11, 2016

        Editor’s note: Net-zero home-building startup Acre Designs, which found its start in Kansas City, recently entered the world’s best business accelerator program: Y Combinator. After facing a tepid investor market in Kansas City, the company will be staying in the San Francisco area after the program’s conclusion. Kansas City fosters an enviable work ethic, steady…

        This Kansas City startup is in the world’s best accelerator: Y Combinator

        By Tommy Felts | February 10, 2016

        Acre Designs, a net-zero, home-building startup that found its start in Kansas City, is now honing its model in arguably the world’s top business accelerator. San Francisco-based Y Combinator in January welcomed Acre into its 2016 accelerator program. Y Combinator — an early investor in such companies as Airbnb, Dropbox, Reddit, Disqus and others —…

        Dundee, Lewis & Clark VCs aim to raise Kansas City’s risk capital tide

        By Tommy Felts | February 9, 2016

        Kansas City boasts a hearty roster of attractive early-stage investment opportunities. And that’s why two Midwestern venture capital firms with fresh funds are making the Kansas City area a key part of their investment strategies. Both Omaha-based Dundee Venture Capital and St. Louis-based Lewis & Clark Ventures are eyeing Kansas City-area startups for deals varying…