Header Image - Alan C. Fox

Category Archives

19 Articles

My Business Secrets Are Out

 

PTBUS-promo-1All of my writing is focused on a single idea: You only have today. Make the most of it.

Today is a special day for me.  My second book, People Tools for Business is being released.   And I will make the most of today.

I wrote the original People Tools book over a period of more than twenty years, one chapter at a time.  In late 2012 I wondered if I would actually succeed in having the writing career I had dreamed of ever since I was in high school.  Would I ever be published?  I decided to give it a try.

I asked Nancy Miller, who had edited People Tools with me over the years, to put the chapters in some kind of sensible order, with the intention of finding a publisher.  I knew this would be difficult, since self-help books sell on the basis of the author’s reputation, and I had none. My friend Joe Saltzman suggested that, if I was serious, self-publish. This seemed to be a reasonable approach, so Nancy and I decided to find a publicist to represent us.

In March, 2013, Nancy located Jane Wesman of Jane Wesman Public Relations in New York City.  Jane is one of the best, and best known, publicists for book authors there is.  Jane accepted me as a client. In our initial conversation Jane mentioned that she knew a publisher who might be interested in accepting People Tools.  She introduced me to Kenzi Sugihara the founder of SelectBooks, also located in New York City.  Kenzi read my manuscript, and after a breakfast meeting we had a deal.

People Tools was published on January 21, 2014.  We contacted everyone we knew, asked friends to reach out to their friends, and advertised.  One of the most stunning moments in my life occurred at 5:20 pm on the day of publication, when People Tools was listed as the number one bestselling book on Amazon. We were number one.  On Amazon.  Amazing.  To my surprise and delight the success of People Tools didn’t end there.  Several weeks later I almost fell off my office chair when I received the news that People Tools had reached number seven on the NY Times Best Sellers list.

I was encouraged.  And since I have enjoyed more than forty-five years of experience in running a business I decided to write a sequel: People Tools for Business, which has been released today. It is filled with my most useful business secrets, some big, some little, but each of them has helped me to achieve success in my life.  My goal in sharing my secrets is that they will help you to achieve greater success in your own work and life.

Pick up a copy if you’re so inclined. I’m very proud of this book and hope that everyone will find it useful in life, work, and career.  And it’s even more entertaining than People Tools.  I’m a better writer now.  Ask my wife.

I have more friends than I did in January, and my team and I are shooting once again to make this book a bestseller on Amazon and beyond. So today I will resume staring every few minutes at the Amazon rankings and hoping for good news.

If you can dream it, you can do it.

You only have today.  Make the most of it.

Alan

 

PTforBusiness-Paperback-3DOrder People Tools for Business today and take advantage of a special offer. You’ll get 10 free audio chapters from both of my books, access to a special webinar with me, and 2 exclusive chapters from my next book, People Tools for Couples. Click here to learn more.

1 view

Why Being Fired Can Improve Your Life

 

Fired-PeopleToolsIf you’ve ever been fired you know how difficult that can be. I’ve needed to fire many employees over my 45 years as president of my own company. And while I still have trouble pulling the trigger, I’ve come to see “firing” people in a new light. Shakespeare wrote in Hamlet that “There is nothing either good or bad, but thinking makes it so.”  When it comes to letting someone go, I’ve found that what I might otherwise consider “bad” actually leads to better opportunities for my former employee and a better new employee for my company

Years ago my friend John called to complain that the magazine he’d been working for fired him. To his shock, I congratulated John when we met for dinner.

“John,” I said, “you’ve complained to me about that job for the last ten years.  Now you’re free to pursue other opportunities, like writing the novel you’ve always talked about.  In six months you’ll be much happier.”

John smiled and finished another glass of wine, not quite believing me.  But six months later he was bragging—to me—about being so excited by all of his new projects that he didn’t have enough time for all of them.

When I opened my own law firm at age 27, it took me six months to tell my legal secretary Judy that her work was not up to my standard.  She pleaded and cried before she left. That was unpleasant for both of us.

A year and a half later Judy approached me in the lunch room of the same office building.

“Remember me?” she said.

“Of course I do.”

“I’m now working for the attorney in the penthouse.  And he thinks I’m the best secretary he’s ever had.”

I believed her.  My requirements are high, and not everyone can meet them.  Judy had found a better place to work, both for her own sake and for the sake of her new boss.

Several years ago my cousin Edward was accepted to a prestigious business school and asked me for an internship in order to get some hands-on experience in commercial real estate before starting his MBA. Visions of sugarplums danced in my head. Here was a bright young man who could raise my entire organization to a higher level. So I offered him a generous salary for a two-year internship.

Silly me. During his first week on the job, it became obvious that Edward wasn’t all that interested in real estate.  I would have worked fourteen hours a day to learn everything I possibly could.  Edward promptly asked to shave thirty minutes off his lunch so that he could leave half an hour early each day.  After eight months I told Edward that his internship wasn’t working out.  He soon found a position working with a company in the field of electronics.

Six months later, Edward told me that he was thrilled in his new job, and was elated to work until two in the morning.

Balloons-Heart-PeopleToolsMy point is this.  It is vital for each of us to find our personal niche in life and occupy it.  Many people hate working in an office, and would prefer to become a waiter or a forest ranger.  Some people gravitate toward situations that require them to be away from home for days or weeks at a time. Some love to manipulate numbers, like I do.  Others prefer to interact with people.  There is no “good” or “bad” here.  There is only personal preference.

Only when John was dismissed could he find the life he wanted all along.

After I fired Judy she found a niche in which she was a star.

Edward was fully engaged his new internship.

Of course, if an employee doesn’t work out, the best situation would be to not hire him or her in the first place. But if you do end up with an employee who doesn’t work out for you, do not hesitate to call in your Human Resources department (which might be you) and send them to greener pastures.

Alan

 

This is an edited excerpt from Alan Fox’s new book, People Tools for Business: 50 Strategies for Building Success, Creating Wealth, and Finding Happiness. Click here to order a copy today.

2 views

Avoid Financial Disaster

 

One of my “Chiseled in Granite” business principals is:  “Avoid Financial Disaster.”

I learned this lesson the hard way when I was seven-years-old.  At that time I listened to Major League baseball games on the radio. I did not realize that the broadcast started an hour or two after the game began and were a re-creation of the actual game.

One afternoon I was looking forward to a Yankees – Red Sox game.  Out of the blue, my father said, “I’ll bet you that the Yankees are leading one to nothing at the end of the third inning.”

What are the odds of that?  How many major league baseball games have a one to nothing score at the end of the third inning?  One-in-ten?  One-in-fifty?

“Even money, Dad?”

“Of course.”

I was certain that half of all Major League baseball games were not one to zero at the end of the third inning.  This bet was a no brainer.

“Sure, Dad.  How about a nickel each?”

“Fine.”

Ten minutes later the game began.  I listened with more than my usual interest.  I was going to win a nickel.  At the end of the first inning the score was zero to zero.

“Dad, how about raising our bet?”

“Sure.  Fifteen cents?”

“Fine.”

“But since one inning is already over, I think I should get odds.  Say my dime to your twenty cents?”

What a fool he was.  Even at two-to-one I had the better bet.

“Sure, Dad.”

End of the second inning.  Still zero-to-zero.  We increased the bet.  I gave better odds to lure Dad in.

Top of the third.  Yankees at bat.  One out.  A higher bet.  I was starting to imagine how many comic books I would be able to buy in a few minutes. Two outs. Higher bet.  I ended up risking a total of $2.40 to my dad’s fifty cents.  This was a sure thing.

“Going, going, gone.  And it’s over the fence for a home run.  Yankees one, Red Sox nothing.”

I hope you have never had your world collapse as much as I did when I heard that ball sail over the fence.  “Going, going, gone” was right!  Not just five comic books, but also $2.40, which I didn’t actually have.

When there’s life, there’s hope.  The Yankees could score another run.  They didn’t.  The Red Sox could score in the bottom of the third.  They didn’t.

When there’s life, there’s loss.  I was devastated.  I disappeared into my room to sob my eyes out under the covers of my bed.  That’s where my dad found me.  He said it was a few minutes later.  I say it was hours.

“Alan, I heard the third inning score on the radio before we made the bet.  You don’t have to pay me.”

That was when I decided:  “Avoid Financial Disaster.”

Almost sixty years later I purchased a beautiful property in Scottsdale, Arizona, with almost one-half mile of frontage on Scottsdale Boulevard.  Scottsdale.  That’s like Beverly Hills, California, or Park Avenue in Manhattan.  How could I go wrong?  Rents were below market.

I could go wrong.  I did go wrong.  In 2008 the property was foreclosed by the lender.  My investors and I lost millions.

Fortunately, I had invested conservatively in the property. Had the investment been three times larger, I would have faced bankruptcy.  Thanks to my dad, and the miracle of a delayed broadcast, I had decided long ago that I would never, ever put my entire financial life at the risk of a singled failed bet.  I mean a single failed investment.  Same thing.

Also, whenever I bet with my dad again I always asked, “Dad, do you have any advance information?”

Alan

0 views