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

        NXTSTAGE announces trio of KC ventures tapped for latest Enterprise Engagement cohort

        By Tommy Felts | July 31, 2024

        A record number of Kansas entrepreneurs joining the NXTSTAGE Enterprise Engagement Series means the program’s latest cohort will scale up its impact, said Amber Dunn. “It’s exciting to witness the relationships formed and the knowledge gained among cohort members and our enterprise partners, both new and returning,” said Dunn, program manager at Wichita-based NXTUS, which…

        This startup leader is revealing entrepreneur answers (and they’re listed in the table of contents)

        By Tommy Felts | July 31, 2024

        Aligning the stars as a forward-looking founder and business owner isn’t easy, Maria Flynn noted, so she wrote her own guidebook. “Entrepreneurs are my tribe of people,” said Flynn, a serial founder and regional digital health leader. “And I was telling the same stories over and over again, so I started to write them down.…

        He earned industry cred alongside Ariana Grande; now Jo Blaq wants to share the music with emerging KC artists

        By Tommy Felts | July 31, 2024

        Joseph Macklin forged a successful music career through trial and error, he said, but that doesn’t mean the next generation should be forced to endure those same challenges just to feel like they earned credibility. The multi-platinum, Grammy award-nominated music producer, songwriter, engineer, and vocal arranger — known as Jo Blaq — is on a…

        Nation’s best dog bar planning new tricks in KC after fetching top award, summer funding round

        By Tommy Felts | July 30, 2024

        The dog days of summer are bringing momentum to Bar K, said David Hensley. The Kansas City-based escape space for pets and their owners was recently named top dog in the country by USA Today, just closed a funding round, and added several key team members — including Tim Schoenfelder as CEO — the co-founder…