In KC visit, former Infusionsoft CMO delivers lessons on focus
October 17, 2016 | Meghan LeVota
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.
2016 Startups to Watch
stats here
Related Posts on Startland News
Video: KC women in tech talk challenges, engagement
While Kansas City ranks as a top locale for ladies in technology, there’s still work to be done to create more gender diversity in the industry. This video — created in collaboration with Kansas City Public Television and videographer Brad Austin — explores some of the challenges that women face in a male-dominated field and how to engage more women…
3 local businessmen named EY’s Entrepreneur of the Year
Three Kansas City area businesspeople recently snagged one of the most prestigious awards for entrepreneurs. EY announced Monday the winners of the Entrepreneur of the Year 2015 for the central Midwest, which included three businessmen from the Kansas City metro area. Those receiving the commendation included: Jody Brazil, CEO of FireMon; Matthew Perry, President of…
Women flex their tech muscles at KC conference
Framed by a LEGO guitar and robotic vehicle, Rheanne Walton and Emma Howard anxiously review notes at their podium as dozens of technology experts await their pitch. The middle-school students are visiting the Kansas City Developers Conference to share the story of their all-girl robotics team, MindSTEM, and how it competes in the FIRST LEGO…
New lab hopes to boost digital inclusion in Kansas City
A new computer lab in Northeast Kansas City hopes to serve as a tech oasis in a digital desert among low-income households. Google donated and opened the new lab Monday in Chouteau Court, furthering the company’s mission to help bridge the area’s digital divide through education about computers and Internet use. Rachel Hack Merlo, Google…