HEALTH CARE CONUNDRUM

June 24th, 2009

In my book “Fortune & Freedom” The Entrepreneur’s Guide to Success”, I note in Part IV that identifying the problem before solving it is priority number one. I quote my middle school math teacher who said: “If I had ten minutes to solve a problem, I would spend eight minutes reading it.” So what is the problem we intend to solve with the proposed new Health Care Legislation? Is it covering people who do not have Health Care Insurance? Covering people who do not want health insurance? Or is it cost?

The President at various times says it is both, and that the present high cost of health care is caused by the profits of the for-profit insurance companies (not all providers are for-profit organizations). Some politicians such as Robert Reich assert that government competition to private providers will bring down the cost. (If you believe that, I have a bridge in Brooklyn I want to sell you – but back to the subject at hand). So what is the problem we are trying to solve?

And, of course, the above is only talking about the evidence of the problem, not its causes. So once we decide whether we are solving the problem of cost or coverage, we then need to identify the drivers, the problems that cause high cost or spotty coverage. Only after these drivers are defined and agreed to can we start to craft a solution.

Have you heard the phrase “A solution in search of a problem”? We need to be careful what we wish for. Our wish might be granted.

Jim

OUT OF WORK?

May 28th, 2009

OUT OF WORK?

That question is being asked more often in recent months. If your answer is “yes”, then in addition to seeking your next job opportunity, you might consider working on future opportunities in general.

In “Fortune & Freedom” I talk about the need to accumulate “necessary skills”, whether you intend to become an entrepreneur or simply to improve your future job performance. Those skills include selling, learning how our political system works at the grass roots level, and others. (Take a look at the Table of Contents on the www.furtuneandfreedom.biz web site for the list of the five key skills I think are important).

So between job interviews volunteer in a political campaign (yes, they are going on even now), get a job selling on commission, or take a course in accounting. My book has a lot more detail on what I recommend. So go for it!

Jim

Terry Schmidt of Management Pro Reviews F & F

May 2nd, 2009

Here you’ll learn about the books which have most influenced me professionally, personally, emotionally and spiritually. I won’t usually talk about the latest best sellers. Instead, I’ll share some outstanding books - some barely known — which belong in every library and deserve to be read. This month’s features Jim Hirshfield, an inspiring entrepreneur who has achieved balanced success in the business world and at home.

Discovering True Fortune & Freedom
A Book Review by Terry Schmidt
http://www.managementpro.com

OUR ECONOMIC WOES

February 18th, 2009

Let me make a couple of points. First, a credit crunch arises in an economy when a meaningful number of people come to believe that they might not get their money back from their bank, stock investment, etc. Given this, repeatedly telling people that they are likely to lose their investments and then jobs if they do not support a candidate or vote for bailout legislation, is the height of lunacy. No wonder we are seized by this credit crunch.

Second, people pay $3 million for a 30 second super bowl ad because by and large advertising on television works. Wouldn’t you thus think that several years of media bombardment telling us how poor the economy is might have a similar effect? We used to call it Bush bashing, then election politics, and now bailout, but it is all media advertising, and the message has been the same.

Who is surprised by where we have come to?

Jim

Behind the Scenes: The Marketing of “Fortune and Freedom”

January 29th, 2009
Fortune and Freedom

Fortune and Freedom

Hi, I’m Steve O’Keefe, and I’m helping The Old Guy with his online marketing. I promised Jim Hirshfield I would add a post here once a week to talk about how we are approaching online marketing for his new book, Fortune & Freedom.

Jim hired me to do a Blog Outreach Campaign. During the campaign, my team will reach out to three blogs each day and ask them to tell their readers about this book. We did a few things in advance to increase the chances of success.

First, I read the book. You would be surprised how many publicists and marketers never read the books they are promoting. Even editors and publishers often don’t read the books they are publishing. In some cases, the authors have not read their own books! This happens with ghost-written books. Several times I have found authors completely unaware of what is in their own books!

The best ideas for marketing come from a deep understanding of the product and a deep understanding of the target audience. When you do your research on both sides of that equation, you can “find the lightning” that links your product and the target audience. For Jim’s book, time is the lightning.

“Time is the one nonreplaceable asset,” says Jim Hirshfield. If you’re not convinced of that already, his book will do the job. In marketing the book, we are focusing on saving journalists and bloggers time. We wrote a really short news release and a really short pitch, hoping journalists would reward us for our brevity by asking to see the book.

So far, so good. About a dozen journalists have asked to see the book already. Here’s what one top business publication said about our pitch: “The reason we said yes instead of no (like we have to every similar request we’ve ever had in the past) is because you kept it short. We like to support this sort of behavior.”

Besides a short pitch, we also save time for journalists and bloggers by providing a well-chosen excerpt in multiple formats: text, Word, PDF, and HTML. The excerpt, along with high-res and low-res artwork, is readily available through the Media Room on Jim’s web site or by request.

You can’t tell by this post, but we’ve learned the hard way that we get better results when we say less. Think of ways you can reduce your pitches, news releases, and business plans to the bare minimum. You’ll find people appreciate it and reward you with their full attention.

STEVE O’KEEFE
Executive Director, Patron Saint Productions, Inc.
Author, “Complete Guide to Internet Publicity” (WILEY)

A Writer’s Budget

January 5th, 2009

A Writer’s Budget Take a look at the attached Word file link. It contains a budget worksheet for a self-published book. This information was no where to be found when I embarked on my writing project. Perhaps you will find it helpful.

Jim

Leadership

December 1st, 2008

Jim’s Post on the National Association of Realtors Leadership Lab Blog:

Volunteerism Builds Leadership Skills
Jim Hirshfield, author of Fortune & Freedom: The Entrepreneur’s Guide to Success and the now-retired founder of cable company Summit Communications, shares his ideas on how to become a better leader.

Q. What makes a good leader?
Hirshfield: I define leadership as the ability to accomplish things through others. Those others can be employees, or they can also be peers or vendors. Getting vendors to cooperate is a better indicator of leadership than getting employees to do so. If people work for you, they’re supposed to do what you say, but getting vendors to go out of their way to help you, I think that demonstrates leadership.
Q. Can you learn to be a leader?
Hirshfield: I believe leadership is a skill you develop. And you should start at an early age. You don’t want to start to open a business when you’re 45 years old and have never worked on your leadership skills.
Q. How can you practice your skills?
Hirshfield: If you want to hone your leadership skills, my advice is work on getting a group of people who aren’t always that motivated to get a job done. You might want to managing a shift at a fast food restaurant, or volunteer to lead a committee at a charity or an association. All these positions give you a chance to try out and improve your leadership abilities.
Q. What does it take to lead others in a volunteer situation?
Hirshfield: To lead and motivate volunteers, you have to give them a well-defined task and set a time limit on both the number of hours of work you expect and when that work has to be completed. People want control of their lives, but they’ll give you a little piece of those lives if you define specifically what’s expected. What doesn’t work is just calling a meeting and then asking for ideas and input. Volunteers know then that they are going to be sucked in. You have to give them a specific timetable.

See the posting at

“http://narblog1.realtors.org/mvtype/leadershipacademyblog/”

Selling

September 7th, 2008

“Almost everything we do involves making a sale.”

This point I make in Fortune and Freedom is never challenged. Interviews, presentations to supervisors, employees, parents, and community groups all require us to articulate a message and present benefits of doing something within a specific timeframe.

Yet selling to potential customers frightens people more than death.

Many firms have even decided that sales departments should not be referenced on their respective org charts.

“Business development” and automated systems designed to avoid contact with other human beings are popular. I find the most successful companies and business leaders still acknowledge that sales is a learned skill. Respect for this skill usually follows.

Jim Hirshfield

Author

www.fortuneandfreedom.biz

The Silent Partner

September 6th, 2008

As the political season heats up I find it helpful to address the connection between politics and business. In Fortune and Freedom I refer to government as an entrepreneur’s silent partner. I discovered this early in my career as I encountered a series of political partners that had a sizable financial interest in my endeavors.

All business owners discover over time that governments generally take more from your business in dollars than you make after taxes.

Of course regulations that demand experts like attorneys and accountants sometimes cause even more headaches.

How should one deal with the overwhelming task of understanding how government works?

My recommendation is to volunteer your time to a campaign. Few people offer their time and they miss out on the strategy sessions and perspective that political candidates and their handlers showcase.

You might come away jaded, confused, or excited but at least you will have the opportunity to learn about the process and how politicians perceive their “partners” in the business world.

As a close friend of mine once said: “Politicians and regulators find it much easier to nail people they do not know rather than to nail someone who is a friend.”

Jim Hirshfield

Author

www.fortuneandfreedom.biz

Time is the fleeting asset

July 22nd, 2008

In “My Losing Season”, author Pat Conroy says ” . . . I mourn for the quicksilver racehorse passage of time. Its swiftness has caught me with the same ineffable start that comes to every man and woman who lives long enough. It remains as the single great surprise of any life”. I cannot say it that well, but this point is a key in my book “Fortune & Freedom”.