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

        KC inventor’s untimely death leaves legacy of fearlessness, unfinished vision

        By Tommy Felts | September 29, 2022

        Paul Francis pioneered fitness tech for NASA, commercialized it with Bowflex, then raised $4 million on Kickstarter: How the OYO founder’s unexpected death this month cut his storied entrepreneurial journey short — but left a lasting impression on the people who worked alongside him. Former colleagues are remembering the late Paul Francis as a uniquely…

        Pitches and peaches: Hy-Vee awards $30K piece of the $50K prize pie to family-run cobbler company

        By Tommy Felts | September 29, 2022

        Denisha Jones sweetened Hy-Vee’s OpportUNITY Inclusive Business Summit and pitch competition this week with her ready-to-bake cobblers. Her pitch (and peaches) secured the $30,000 grand prize.  “Every time Thanksgiving comes around, I always crave my grandmother’s cobbler. During the pandemic, I was unsuccessful in finding a cobbler as good as my grandmother’s, so I went…

        Meet six newly funded startups Digital Sandbox KC is making more fundable tomorrow

        By Tommy Felts | September 28, 2022

        Newly awarded funds are expected to help six more companies scale their fledgling startups past the proof-of-concept stage, said Jill Meyer, touting Digital Sandbox KC’s track record of making startups and their products more fundable once they’re built. “Digital Sandbox KC is one of the Kansas City metro’s rare early-stage funds and provides vital support…

        Karen Fenaroli, Pure Pitch Rally 2020; photo by Mikaela Wendel Photography

        Coming soon: 8 new tech startups set for ‘lucky No. 7’ Pure Pitch Rally spot-cash event

        By Tommy Felts | September 27, 2022

        From nutrition to logistics, local entrepreneurs continue innovating solutions that could result in Kansas City’s next unicorn, said Karen Fenaroli. Eight such potentially game-changing tech startups are expected to showcase their ideas next month, she announced Tuesday. The seventh annual Pure Pitch Rally is set to return Oct. 17 at the Burns & McDonnell Global…