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

        Voting with cash: Meet the 8 Kansas City tech startups competing in the Pure Pitch Rally

        By Tommy Felts | September 25, 2019

        The landsharks are circling and eight hungry tech founders are ready to sell their ideas at the fourth annual, invite-only Pure Pitch Rally, the early-stage funding platform announced Wednesday.  “In Kansas City, we have the business soul and hunger to help others — through both community crowdsourced giving and offering others a stepping stone to…

        Lisa Bledsoe, Tea-Biotics Kombucha; and Hunter Dozier, the Kansas City Royals

        Tea-Biotics opens ‘world’s-largest kombucha taproom’ with 32 flavors, Royals flare

        By Tommy Felts | September 24, 2019

        The strength of Tea-Biotics’ new, world’s-largest kombucha taproom lies in its bold flavors — and a lot of them, said Lisa Bledsoe. “How good is fresh-pressed, organic blueberry? It’s great for you! It’s full of antioxidants,” said Bledsoe, founder of Tea-Biotics Kombucha, referencing just one of 32 variations on tap at the Olathe taproom. “How…

        Hiroshi Nerima, Nabtesco Technology Ventures; Barbara Burger, Chevron Technology Ventures; Jeff Kostos, Spear Power Systems; and Gina Domanig, Emerald Technology Ventures

        Global, KC investors charge Grandview-based battery innovator with 8-figure funding round

        By Tommy Felts | September 24, 2019

        A Grandview-based leader in battery technology is building a charge for expansion as Spear Power Systems announced this week an eight-figure funding round with world-spanning reach and headline-grabbing international investors. “We are pleased with the quality and synergy of the syndicate,” said Jeff Kostos, president and CEO of Spear. “This investment enables Spear to scale…

        Play It Forward reunites South Kansas City-inspired brands, startup leaders

        By Tommy Felts | September 21, 2019

        A bright and sunny pre-autumn day silhouetted the shadows of basketball fans lining up last weekend to enter Smith-Hale Middle School. As the smells from a food truck and sounds of laughter filled the parking lot, players inside readied themselves for a South Kansas City showcase. “We wanted to involve many entities that are directly…