Generations


Sunday, January 23rd, 2011

The Lively Merchant Headlines in Vegas

Welcome to Las VegasCatch The Lively Merchant in Vegas this week during the first Next Generation-NOW educational session at the Las Vegas Furniture Market on Tuesday, January 25 from 4:00 – 5:00 pm in the new Retailer Resource Center, WMC-C488/496.

In this session, David Lively will teach you how to work with four generations around your conference table and on your sales floor. Differences in each generation will be explained, and you’ll get hands-on methods to use in your business to bridge the generation gaps.

Next Generation-NOW provides professional development, networking and hosted forums to give a voice to the unique needs of young furniture professionals.

Our team is in Vegas through Thursday, January 27. Give us a call if you want to meet up and talk shop.

800-549-9206 ext. 1

  • Generational Transfer Consulting: How to leave a legacy without losing your sanity
  • Online Selling Solutions: Combine our rocket-science web design with 20+ years of award-winning retail ownership for online marketing and selling strategies that will help you make money on the web and in your store

Ante 4 Autism Poker TournamentDon’t forget the Third Annual Ante 4 Autism Texas Hold’em Poker Tournament at Binion’s (Downtown Las Vegas) on Tuesday, January 25, at 7:00 pm. Click here to register or donate online. All donations and $50 from each registration will go to support Autism Speaks, whose mission is to increase awareness about the growing Autism epidemic and raise funds for research, family services and advocacy in local communities and nationwide.

What happens in Vegas, stays in your head and makes life better when you get home.

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Thursday, January 13th, 2011

Snowed in? Here’s something to keep you occupied

While part of the Lively Merchant team is snowbound in Ohio, another part is sitting on a beach in Florida (the only state in the Union without snow). What’s wrong with this picture?

Whether you’re running low on bread and beer after the South’s worst snow event in 15 years or you live south of the Equator, here’s some recently publisher reading material to keep you occupied until you dig out:


Nine Lessons on Proper Use of Retail Authority

Nine Lessons On Proper Use of Retail AuthorityFurniture World Magazine  ::  by David Lively

Four men stand chatting causally in a golf club locker room after their round of 18 holes when a ringing phone interrupts their conversation. “Sure, I can talk,” says the man who answers the call. “You’re out shopping? That’s nice.” His eavesdropping friends smile knowingly at each other. “You want to buy that new living room and dining room group? Okay… and they’ll include the custom rug for an extra five thousand?  Sure, why not?” The grins grow wider among the listeners. “You want to book a week-long vacation in Hilton Head?  What’s that, they’re holding the price at ten thousand? Sounds like a bargain to me! Let’s go for two weeks instead!” Slowly, the smiles fade to expressions of envy. “And you want to give the builder the go-ahead for the new outdoor kitchen and pool? Fifty-five thousand if we say yes today? Sounds fair… sure, that’s fine.” The listeners exchange glances of amazement. “Okay, honey, see you later. I love you, too,” says the man as he ends the call. He looks slyly at his friends and asks… Read more


Essential Tool for Furniture Stores: Family Boards

Essential Tool For Furniture Stores: Family BoardsFurniture World Magazine  ::  by David Lively

“The father buys, the son builds, the grandchild sells, and his son begs,” goes an old Scottish proverb. The Americanized version says, “Shirtsleeves to shirtsleeves in three generations.” The founding generation starts with nothing, works hard and amasses wealth, but by the time their great-grandchildren have come of age, the family is back where it started: nothing. With business under such tremendous pressure and the furniture industry failure rate at its highest in over 25 years, it is useful to reconcile these timeless truths with what is going on in today’s family furniture businesses.

Do you recognize yourself in the stereotypical framework for the family business lifecycle? Read more



Family Affair

Family AffairFamily Businesses Are a Cornerstone of Furniture Retailing—Here Are Ways to Help Keep Them Thriving

Home Furnishings Business  ::  by Powell Slaughter

“With the transition from third to fourth generation, less than 5 percent of companies survive,” Lively said. “The numbers are the same transferring from sibling to sibling. Businesses just don’t get this. They think its only about writing a stock purchase agreement and transferring ownership.”

For his family business clients, Lively conducts an eight-step “Family Health-Risk Assessment.”

“We interview every family member, whether they work at the company or not, and any management within the organization who has decision-making capability, one-on-one, face-to-face,” he said. “Based on the results of those interviews, you have to deal with a lot of different issues—legal, financial and interpersonal. You have to line up the reasons why family businesses get themselves into trouble with the transition.”

Nine reasons typical reasons for trouble include… Read more

Hiring Digital Retail Furniture Employees

Hiring Digital Retail Furniture EmployeesFurniture World Magazine  ::  by David Lively

Have you ever read about a time when people believed the world was flat? Or when it was thought the sun revolved around the earth? Sure you have. Well, just as accepted truth about our physical world changes, so do our notions about doing business. In fact, the business landscape is littered with the carcasses of people who were certain they knew the truth… right up until the day they found out that they didn’t!

So that your furniture business doesn’t end up on that trash heap of out dated truths, you should take some time, before it is too late, to review the kinds of people you hire. Read more


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Thursday, December 9th, 2010

Why Don’t You Try This?

Dr. Howard Thurman was born in 1899 in the segregated South. In 1923, Thurman graduated from Morehouse College as valedictorian. He was ordained a Baptist minister in 1925, after completing his study at the Colgate Rochester Crozer Divinity School. He then pursued further study as a special student of philosophy at Haverford College with Rufus Jones, a noted Quaker philosopher and mystic. Thurman later earned his doctorate at Haverford.Colgate Rochester Crozer Divinity School
Dr. Thurman was then invited to Boston University, where he became the first Black Dean of Marsh Chapel (1953–1965). He was the first man person to be named tenured Dean of Chapel at a majority-white university. Thurman was also active and well-known in the Boston community, where he influenced many leaders.
While at Boston University Thurman would tell the story of a man on a journey who came to a town where no one wore shoes. It was winter time and all of the residents had blue and frozen feet, in some cases even bleeding from the snow and ice. The visitor asked the manager of the hotel where he was staying what the bizarre practice meant. “What practice?” the manager responded. The visitor pointed to the man’s bare feet. “Why isn’t anyone in this town wearing shoes? Don’t you believe in shoes?”
“Believe in shoes, my friend! I should say we do,” the manager replied. “A belief in shoes is the first article of our creed. They are indispensible to the well being of humanity. They prevent cuts, sores, and suffering.”
“Well, why don’t you wear them?” asked the traveler. “Ah,” responded the manager, “that’s just it. Why don’t we?”
Later, walking through the town the visitor inquired about a huge building he saw. “That is one of outstanding shoe manufacturing establishments,” he was told. “You mean you make shoes there?” asked the newcomer in amazement. “Well not exactly,” was the answer. “We talk about making shoes there and we have hired a brilliant young fellow to speak on the subject every week. Just yesterday his speech was so compelling that his hearers broke down and wept. It was powerful!” “But why don’t you wear shoes?” the visitor asked. “That’s just it … why don’t we?”
The story ends when the traveler discovers a cobbler making shoes in a little basement shop. He rushes in and buys three pairs as a gift for his new friend. The friend was embarrassed. “Ah, thank you,” he said politely. “But you don’t understand. It just isn’t done. We don’t wear them.”
Thurman’s story suggests, all too often the way things happen in our industry. There are ways of life everyone believes in but no one practices.
I’m confounded by the things that are said verses the actions that are actually taken. I see this often when working with family businesses on a regular basis and talking about the importance of planning the transition from one generation to another. Not everything is the same when it comes to generational communication or training. However, we often apply a one size fits all approach to training and development. In addition, training and development is most often looked at from a single direction, meaning the elder generation believes they have little to learn and that the junior generation must understand how things have always been before they can begin offering suggestions. This is a big mistake in today’s fast paced tech driven retail environment. At the same time the junior generation often fails to realize and take advantage of the wisdom, patience, and relationships that have been built during a lifetime of minding the family business.
Today’s family business consists of a diverse mix of up to four generations dealing with the same business issues. While there are countless names and descriptions for each generation, I would like to use Greatest Generation, Baby Boomer, Gen – X, and Gen – Y as examples here. I want you to consider from the perspective of training how generational differences result in poor outcomes if they are not taken into account.


Training can be designed to avoid miscommunication. But time-and-time again I come face-to-face with family situations that make me scratch my head and think, “That’s just it … why don’t we?”

Here are seven serious differences between the generations. Consider these factors to avoid a communication breakdown and ensure that important training and transition takes hold.
1. Scheduling and timing of training or workshops should account for the differences of generations. The Greatest Generation will arrive early and be ready to “go to work.” Gen – X’ers have the expectation that training will start and end on time. No exceptions. Baby Boomers will be on the lookout for social time during the session, and Gen – Y will be looking for things to start on time, but they might be late and will be looking for ways to get things done early.
2. During training, it is perfectly acceptable to use a lecture style when dealing with the Greatest Generation, while the most effective way to reach Baby Boomers is the use of team activities or teaching methods. The two younger generations prefer activity based training for Gen – X, and the complete use of technology for Gen – Y.
3. Acknowledgment of the participants from the trainer is import to both Boomers and the younger Gen – Y’s in the crowd. Interestingly, Boomers are more interested in hearing from the rest of the crowd how smart their input is, while Gen – X could truly care less if they receive any feedback at all.
4. Case studies are effective for each generation, but the way conclusions are drawn are entirely different. Gen – Y, for example, will want casual discussion to further talk through the studies outcome. Gen – X will simply find a “one solution” case unacceptable while Baby Boomers will want a more experienced version of the study; they aremerely looking for ways everyone might role play each role within the study. And finally the Greatest Generation are simply making sure their opinions and wisdom are included in any finding that comes from a study.
5. Each generation is looking for training to align with their goals differently. The Boomers want training to align with the company’s strategic goals, the Greatest Generation is looking at training as it relates to bottom line success, while X’ers are looking for alignment to mission. Finally Gen – Y is focused on matching values and positive image.
6. In terms of applicable outcomes from training, each generation is again looking for something different. Boomers want deliverables that ensure survival. Greatest Generation attendees are looking to add to their skill set mostly for fun. At the same time Gen – X and Y’ers are looking for skills that are transferable to other companies. Unless the younger generations are family members, they realize they will likely be working somewhere else in a matter of years.
7. As a trainer in a multi generational environment, you should expect very different feedback from each group. The Greatest Generation will be respectful of the evaluation process and will provide detailed comments when asked. Boomers will be looking for additional time in order to provide a true assessment of what they learned. Gen –X’ers will provide feedback to the trainers and the rest of the participants throughout the session. Their feedback will be direct, but not patronizing. Gen – Y’s will do the something, but they will expect praise for taking the time to providing it.

It’s important to realize that you have a very short amount of time to capture people’s attention when training or working in a multi-generational setting. Throughout the session it is important to take people back to the beginning and reconfirm the objectives. If the session is not going well, it is important to be candid and confirm you have not done a good job at drawing everyone in and setting a positive interactive tone. This is when you must ask for forgiveness and time to “re-group.” If the facilitator is sincere, this time will almost always be granted.
Remember one size does not fit all when it comes to clear communication. Use the skills of each age group to deepen understanding and build a company that places value in the diversity of generations. This is hard work in any setting, but especially difficult in a multi-generational environment.
The fruit of this effort is stronger family businesses and often stronger families. Just as the Jewish saying goes; L’Dor V’Dor!

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Monday, October 19th, 2009

You can’t reason your way out of this

left-brain-right-brain

Ah, the good old days! Fact is, the furniture industry was successful in the 1950’s and the 1970’s and 1990’s. But “nothing fails like success,” says Gerald Nachman, cultural historian and founder of www.thecolumnist.com. Financial success turned our industry into a left-brain culture. Left-brain cultures are good at preserving old paradigms and programs, what Harvard Business Professor Clayton Christensen calls “sustaining technology.”

This works well when an industry is hitting on all cylinders. But when they slump, as is happening in furniture right now, left-brain cultures fail. In this industry’s case, we have tried to innovate by building lines that look exactly the same only cheaper because we believe the customer is only interested in price. Marketing departments scream louder and louder about unsustainable credit offers, and now we are trying to make cheap computers and bad bicycle give-a-ways the reason Ms. Jones should visit our stores. Leaders won’t implement technology, claiming the customer will not be interested in fully using it, and the result is bland brands and slow growth or dying retailers.

In his 2005 bestseller, A Whole New Mind, Daniel Pink says, “The future belongs to designers, inventors, teachers, storytellers—creative and empathetic right-brain thinkers” who exhibit “the capacity to detect patterns and opportunities, to create artistic and emotional beauty, to craft a satisfying narrative.” In every industry there must be right-brain thinkers. They’ll need promoted and will play a part in upending existing paradigms.

The cold reality is that left-brain cultures are a liability when it comes to innovation. These cultures are not bad—they’re simply not equipped to move forward. Left-brain cultures rearrange existing programs; they rarely allow systemic change. They claim today’s situations is really the same as it ever was.

3+2-5 is not an innovative way of saying 5-3-2. The sum remains the same: zero.

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Monday, July 20th, 2009

How To Speak Your Future Into Existence

Theodore Roosevelt made stuff happen.

He didn’t have the patience to sit around and see what might come from Congress. On May 6, 1903, he declared the Grand Canyon unparalleled throughout the rest of the world. Then in 1908, without even a hint of authority, he spoke our national parks system into existence using the power granted a President under the Antiquities Act. Interestingly enough, the park didn’t become official until 1919, when Woodrow Wilson finally signed the bill officially establishing Grand Canyon National Park.

I think Teddy would well understand the small business owner in America today.

In 1906, Roosevelt made his now famous Muckraker speech. Muckrakers were people who worked to reveal corruption in business and in government. The first stories about the “muckrakers” appeared In McClure’s Magazine in January, 1901.

As I read these words today, I feel like he is talking directly to the many family business owners I have the pleasure of working with:

“It is not the critic who counts, not the one who points out how the strong man stumbled or how the doer of deeds might have done better. The credit belongs to the man who is actually in the arena, whose face is marred with sweat and dust and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, if he wins, knows the triumph of high achievement; and who, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory or defeat.”

Times are rough. All of the credit belongs with those of us in the arena. Speak your future into existence. Let’s agree to not be timid.

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Thursday, April 23rd, 2009

How to persuade a crowd

TS Eliot said, “Business today consists in persuading crowds.”

Do you believe your marketing and training message is persuasive?

Does your organization show understanding, trust, threat, tension, surprise, substitution, specificity, social proof, similarity, repetition, push, pull, perception, passion, obligation, objectivity, logic, involvement, investment, interest, hurt and rescue, harmony, framing, fragmentation, experience, exchange, evidence, distraction, dependence, deception, daring, contrast, consistency, confusion, confidence, closure, bonding, authority, attention, assumption, association, arousal, appeal, amplification, or alignment?

Each are positions in persuasion that, used correctly and with timeliness, will raise the impact of your story.

How it works

When a person receives a communication from you, they decide if they can trust you and your message. Mixed messages result when beliefs, values, attitudes and prior words and actions do not tell the same story.

You know, like when will claim to have the biggest or best of something, only to eat humble pie when someone proves your claim aren’t true. Saying one thing and doing another causes a loss of trust, and a falling of confidence, and makes you appear shallow.

Remember the prayer? Your will, NOT mine… Alignment.

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Tuesday, March 10th, 2009

Digital Nomads

Hugh MacLeod said, “The old ways are dead. And you need people around you who concur. That means hanging out more with the creative people, the freaks, the real visionaries, than you’re already doing. Thinking more about what their needs are, and responding accordingly. Avoid the dullards; avoid the folk who play it safe. They can’t help you anymore. Their stability model no longer offers that much stability. They are extinct, they are extinction.” How To Be Creative

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Saturday, February 21st, 2009

Do you believe the world is changing?

I wonder if any of you remember the famous speech from the ’87 classic Wall Street?

Gekko the super slick stockbroker with the $5,000 suits told us:

The point is, ladies and gentleman, that greed- for lack of a better word- is good.

Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms-greed for life, for money, for love, knowledge- has marked the upward surge of mankind.

And greed-you mark my words-will not only save Teldar Paper, but that other malfunctioning corporation called the USA.

Thank you very much.”

Umair Haque is the founder of a think-tank called Bubblegeneration. They study new media and new ideas.

He recently wrote The Smart Growth Manifesto for The Harvard Business School online newsletter. I think you should read it.

If you will, let me know what you think. Comment right here at The Lively Merchant.

Let’s have this conversation.

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Tuesday, February 17th, 2009

How To Market Online: FurnitureStyle.com coverage of Web Summit

furniturestyle

Live from Las Vegas Market: How to market online

Published: February 09, 2009
By Thomas A. Prais
The Lively Merchant’s David Lively talked about e-commerce at a special online marketing summit at Las Vegas Market — not how to build an e-commerce business, but how consumers shop.

“The industry is currently doing 9 percent of its business online (for a total of $12.3 Billion per year),” Lively said. “Forrester Research predicts that figure will rise to 11 percent in 2009, and that it will double by 2012.”

So if you’re a furniture store who believes you can’t afford to have an aggressive e-commerce strategy, Lively suggests you might want to reconsider.

Lively spoke about The Cluetrain Manifesto, published in 2001, which had a Luther-like 95 theses, which included…Read more.

Want to know more about developing a web strategy for your furniture store? Here’s more press coverage from our trip to Vegas:

When hot outreach to furniture consumers goes cold

Live from Las Vegas Market: search engine strategies

Live from Las Vegas: New media marketing

Design & Decor e-newsletter:

RETAIL STRATEGIES

Live from Las Vegas Market: How to have a successful e-mail campaign

On the eve of the Las Vegas Market, home furnishings retailers joined together to try to figure out how to tackle the problem of marketing in a new digital age. Organized by the Retail Marketing Alliance and The Lively Merchant, the Industry-Wide Web Summit was held in the Las Vegas Room at Harrah’s Las Vegas Hotel and Casino and featured seminars from various experts on everything from social networks to sending messages to people’s cell phones.

One of speakers was David McMahon of Profit Consulting, who offered 10 Tips to Step into the Modern World of Customer Relations. McMahon said the first step to developing a good e-mail relationship with your customers is to make sure that you are keeping track of your customers through a Customer Relations Management system, which can be as simple as an Excel file. Next, make sure you have online publishing software that interacts with your customer database. “How those two interact determines how well you can do e-mail marketing,” McMahon says.

Here are McMahon’s 10 tips for successful e-mail marketing:

1. Deliver Value: Everyone wants to deliver e-mail blasts, but if your e-mails aren’t relevant to the specific customer who receives it, it’s borderline spam. “You need to send messages that seem as if they’ve been written specifically for the person who receives it,” McMahon says.

2. Get e-mail addresses: Keep it simple and easy, but very prominently on your site should be a place to sign up for a VIP list. Use contests and special offers.

3. Segment your database: Who bought a bedroom set but not a mattress? There’s a good marketing segment. It’s all about following up with specific e-mail campaigns based on purchasing patterns.

4. Show style and substance: It’s not about pasting names into Microsoft Outlook. Think of the e-mail as the stationary you’re going to use. Use images, but understand that they also have to work as just text — a lot of people open their e-mails on Blackberries, so if you’re relying on a .jpg, a lot of viewers are never going to see it.

5. Speak to your customers, not yourself: Make sure your e-mails speak to the recipient’s interests, not your own (at least not obviously). They’ll opt out quickly, and McMahon notes that you only have, by law, 10 days to honor someone’s opt-out, and then you’re considered spam.

6. Write engaging subject lines: You really need to consider the “subject” and “from” lines when drafting e-mails. If they are not well thought-out, no one will open the e-mails in the first place. Here are some examples of good e-mail subject lines:
– Order confirmation: #35274864637
– Special event for San Diego Customers
– Preferred Customer Card for David
– Happy Birthday on Dec. 10!

An audience member at the seminar — Devin Kinsella, CEO of Etailer Solutions — said he knew of one retailer who sent out an e-mail to customers inviting them to an after-hours wine and cheese party to see new products.

7. Teach your customers something: Content should be a learning experience for readers. If your e-mail isn’t of value to them, they won’t open them (and will eventually opt-out).

8. Tailor your message: Transactional e-mails (emails that reference a specific interaction between the recipient and the store) have high open rates.

9. Track results: What are the open ratesfor your e-mails? Which e-mails bounced (i.e., didn’t deliver)? Were any e-mails forwarded to a friend? Did customers opt-out? Opt-out rates are just as important as click-through rates, and if they’re much over 1 percent, the quality of your list might not be very good.

10. Start now: Waiting a couple of years to start e-mailing your customers is not an option. You need to get this up and running before your competitor does.

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Monday, February 16th, 2009

Did You Miss the Web Summit? Listen/Watch Here

headphonesMany of you have asked for information about the Industry-Wide Web Summit we conducted at the market in Vegas.

For your listening and viewing pleasure, here are pictures from the event plus the PowerPoint presentations and audio commentary from each speaker:

Recipe for Online Content

Rick Doran, President & CEO of R & A Marketing

Audio | Visual

The Power of e-Marketing

David McMahon, Director of E-Commerce at PROFITconsulting

Audio | Visual

What You Had Better Know About e-Commerce

David Lively, President & CEO of The Lively Merchant

Audio | Visual

Special thanks to Mary Frye of the HFIA for moderating the Summit and all those who attended.

What’s your biggest online challenge? Call 740.415.3192 or email me with any questions, or post your comments below.

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