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

        KCRise Fund-backed startup secures $20M Series C, fueling its commitment to KC

        By Tommy Felts | April 9, 2024

        A Texas-based caregiver support platform’s latest funding round is expected accelerate the company’s growth and expand its support solutions, said CEO Michael Walsh, noting the startup continues to deepen ties to Kansas City. Cariloop today announced the close of its Series C funding round, raising $20 million. The investment was led by ABS Capital with…

        Dude Perfect flips from YouTube to IRL with $100M investment from Kansas firm

        By Tommy Felts | April 9, 2024

        WICHITA, Kansas — With more than 16 billion views on their YouTube channel, 60 million subscribers, and major brand deals already established, the team behind the family-friendly sports and entertainment group Dude Perfect is poised for even greater impact with fans, said Jason Illian. Highmount Capital today announced a strategic partnership with Dude Perfect —…

        Curated to the core: How a chaplain-turned-entrepreneur is elevating streetwear to boost KC nonprofits

        By Tommy Felts | April 5, 2024

        In a world of loud statement tees, sometimes the most impactful messages are quietly sewn into the tag, said Makenzy Jean, whose Kansas City-based apparel company partners with local nonprofits on brand-merging designs that give back to their community causes. “Streetwear is from the streets,” said Jean, founder of Associated Humanity and a former chaplain.…

        After east side restaurant closes, KC Cajun drives back to its food truck roots, cooking up a new market

        By Tommy Felts | April 5, 2024

        Esra England is hitting the streets again, he shared. The head chef and founder of KC Cajun recently closed his fixed location on the east side, and is returning to the food truck and catering strategy that gave him his start. “It was a good learning experience,” England explained. “But with the overhead of trying…