Category: Blog

Tune in for my powerful interview with Brent Bourgeois

Kelli Richards June 10, 2014

Brent Bourgeois is a long-time colleague and notable American rock musician, songwriter, and producer who most recently worked with Julian Lennon on their single ‘The High Road‘ off of his New Album ‘Don’t Look Back’ (with sales supporting Julian’s White Feather Foundation).

Brent was co-leader of the band Bourgeois Tagg with Larry Tagg, whose second album, “YoYo”, was recorded with esteemed producer Todd Rundgren (long-time collaborator of mine). I tried to sign them to EMI during my tenure in A&R there but Island got them instead. Brent then went on to do several solo albums, and then to serve as the Vice President of A&R at Word Records in Nashville from 1997-2001. He just distributed his first solo album in twenty years entitled “Don’t Look Back” through a new paradigm called “kick-finishing” empowering fans as a street-team of sorts to help market and evangelize this amazing new CD. It’s a testament to the power of collaboration based on long-term relationships with trusted artist colleagues, and the songs on this CD are exceptional; pure bliss.

You can hear my entire interview with Brent by signing up for Coffee & Connections.

Eventual Millionaire Interview: How to Network With Celebrities and Thought Leaders like Steve Jobs, with Kelli Richards

Kelli Richards June 3, 2014

To hear my entire interview with Jaime Tardy of Eventual Millionaire, please go to https://eventualmillionaire.com/kelli-richards/#sthash.xLzTDmWm.dpuf

How Your Brand Can Rock the Socks Off A Music Festival

Kelli Richards May 26, 2014

Summer music festivals are full of sunshine, fun, and community, but they’re also packed with thousands of potential customers and brand advocates. Advertising at these events is nothing new, but startups that can find a way to become part of the festival can reap significant benefits.

People love music festivals because they feel like they’re getting more value by paying one price to see several great bands. The music and the atmosphere can produce strong feelings of belonging and elation that are memorable and often affect attendees deeply. Having people associate your brand with that feeling is priceless.

We’re not talking about putting up a banner and handing out T-shirts; we’re talking about actually becoming an integrated part of the experience.

Rocking a Unique Approach to Brand Awareness

Music festivals provide unique marketing opportunities for startups — if they can just follow the music.

If your brand shares a target audience with a given music festival, you should attend and actively engage festival goers so you are visible and associated with their memories. Not only can your brand gain access to content that can be leveraged on its website, social media, apps, advertising, and marketing campaigns, but — if leveraged correctly — music festivals can provide a brand with:

Awareness. Having your app deployed at a major music festival provides priceless visibility, exposure, and reach a startup could never afford to pay for otherwise. You can build your audience through mobile apps and social media initiatives by implementing social functions into your ads, making it easy for fans to share with their network.
Research. Music festival audiences are typically very receptive (and it’s a captive group in terms of mindshare). The opportunity to deploy your technology to this group gives you access to potential focus groups and case studies.
Networking. Working with a music festival gives you a chance to build relationships with artists, festival organizers, and other brands that can generate referrals and repeat engagements.
Word-of-mouth advertising. This is invaluable because it’s authentic, and consumers are more likely to respond to someone they know and feel good about. If you do a great job and offer value at the festival, attendees can become powerful brand advocates.

Ben & Jerry’s takes advantage of the vibrant atmosphere. The company, which over the years has made ice creams in conjunction with musicians like Jerry Garcia, Phish, and Dave Matthews Band, is a celebrated regular at the Bonnaroo festival and even gives out free scoops of Bonnaroo Buzz ice cream. The company also operates a tent in the festival’s Planet Roo eco-village, where nonprofits and other organizations promote environmental and social activism. These approaches lead to positive and loyal responses from music and ice cream fans alike.

Revenue. If your tech startup is new and unproven and you’re working with an event organizer for the first time, you may choose to reduce or waive the fees completely to gain the invaluable benefits listed above. However, if you’re more established or offering something truly unique and valuable, you can charge the festival organizers, artists, brands, and even the fans if there’s sufficient value.

How to Become Part of the Experience

Forever 21 helped launch the 2014 festival season with an epic “Party in the Sky” at Coachella in Palm Springs, Calif. The party featured performances by artists like Azealia Banks and included two gifting suites, the premiere of Forever 21’s “Summer 2014” fashion film, and a 20-foot party pod suspended above the main event.

If you want to gain brand recognition by becoming part of the music festival experience, it’s time to get creative. The goal is to authentically integrate your startup into the experience beyond just being a sponsor. Provide something tangible that endears your product or service to fans. When leveraging a music festival to enhance brand awareness, there are three approaches you can take:

Deepen and enhance the fan experience.

Use your technology as a tool for making the music festival experience better for attendees. FanFootage, for example, crowdsources fans’ videos and syncs them with high-quality audio of the show from the mixing console at the venue to preserve memories with optimal fidelity. You can also deploy a mobile app or social media campaign that’s contextually relevant and delivers value. Give fans a game to play or a chance to win prizes to make them want to share it with their friends.

Deploy “festival support” technology.

Festival goers aren’t the only people you could target; you can also develop tools geared toward artists, event organizers, and promoters. BeatSwitch is a relatively new event planning platform that helps streamline scheduling in fast-paced concert or festival environments.

Deploy “fan support” technology.

You can use your technology to ensure fans don’t miss a band they want to see or an event they want to attend. Songkick allows you to track your favorite artists to ensure you never miss them when they come to town. You can also achieve this on a smaller scale and allow fans to schedule reminders for specific sets or events during a given music fest.

Another great way to support fans is by appealing to their ancillary needs. What else do they need besides festival tickets and food when they’re at a live event? WaterIn is an app that reminds users to drink water, and Wi-Fi sponsors setting up stations at remote locations become heroes. Pamper festival attendees by giving them something of value, possibly offering special discounts and coupons that are available at the airport or hotel when they arrive in town for the festival.

If you’re on a budget, you don’t have to compete at really big events. Smaller local events still pull in large crowds and can sometimes provide better opportunities to increase brand awareness. Whether you’re headed to Bonnaroo or to the local blues festival, take advantage of these unique opportunities to get your name out there and demonstrate your value to all the parties in the festival ecosystem.

Until next time,

Kelli Richards
CEO of The All Access Group, LLC

Dear HBO, Please Keep ‘Silicon Valley’ Real!!!

Kelli Richards May 19, 2014

Startup life is a hot topic in Hollywood right now. From Joshua Michael Stern’s “Jobs” to the Amazon original series “Betas” there’s an undeniable appeal to life in Silicon Valley for those both inside and outside the startup bubble.

Of course, Hollywood is famous for exaggerating or overlooking important aspects of reality for entertainment purposes, but so far, HBO’s “Silicon Valley” looks promising. Despite the dramatic plotline and startup stereotypes, the show provides a mostly accurate portrayal of entrepreneurial life and may even help demystify some aspects of startup culture.

Can ‘Silicon Valley’ Avoid Hollywood Startup Myths?

“Silicon Valley” follows the lives of near-genius, socially awkward computer programmer Richard Hendrix (played by Thomas Middleditch) and his friends as he attempts to launch his company in the star-studded world of Silicon Valley.

The show was inspired by the real-life experiences of director Mike Judge, who was a Silicon Valley engineer in the ’80s. Living up to his “Office Space” brilliance, Judge carries the mindset of the tech community to the small screen and introduces a number of well-cast (if stereotypical) characters we can all relate to: that bright but socially awkward programmer and the naïve entrepreneur with a lot to learn.

“Silicon Valley” seems like a winner so far, but the question is whether it can avoid falling prey to a lot of the common myths Hollywood likes to perpetuate about startup life.

Myth 1: A good idea automatically equals success.

When all you read about are the multibillion-dollar success stories, it’s easy to think that success is a sure thing if you have a good idea — or that good ideas are immediately rewarded with plentiful funding.

In reality, it’s not that simple. The venture capital world is complicated, and there’s a lot of competition to secure funding of any kind. A good idea needs a good plan, a good team, and a lot of luck. And even with all those things, failure is all too common.

Myth 2: Genius and social skills are mutually exclusive.

In shows like “The Big Bang Theory” bright, technology-obsessed characters are often stereotyped as socially awkward geeks. Or, as we saw in “The Social Network,” brilliance in Hollywood often translates to arrogance, self-importance, or standoffishness on-screen.

While there are plenty of antisocial geniuses, tech shows distort reality. Succeeding in Silicon Valley is not for wallflowers. By and large, entrepreneurs must be bright, motivated, and willing to listen and learn, as well as equipped with good social skills.

Myth 3: It’s easy to put together the perfect team.

Television shows often give the impression that it’s easy to pull together a highly skilled, highly compatible team right off the bat. But in the real world, there’s no casting call for the right skills and the right temperament. The perfect team isn’t just sitting around waiting for your breakthrough. The right people can be challenging to find and motivate to join the team. Your team’s chemistry relies on a combination of referrals, trial and error, and luck.

Shortly into its debut, “Silicon Valley” has done a good job of presenting a microcosm of the real Silicon Valley, especially for first-timers. And it’s popular for a reason: To those outside the startup bubble, it’s a fascinating world with a mysterious way of doing business. Anyone who has spent time in the tech industry will see where Judge gets it right, and anyone who hasn’t will find themselves more informed about the realities of Silicon Valley.

But the truth is that startup life is not particularly glamorous or mysterious. It’s not about fancy campuses or billion-dollar algorithms — it’s about bright, motivated people who work very hard every day to make an impact on the world.

Until next time,

Kelli Richards
CEO of The All Access Group, LLC

PS, The right mentor should also have the right CONNECTIONS to move you forward. Be sure to ask who they think they can bring to the table around advisorship, possible collaboration and even funding.

Originally posted: https://www.forbes.com/sites/85broads/2014/05/06/dear-hbo-please-keep-silicon-valley-real/

3 SEEMINGLY OBVIOUS TECH MERGERS WE’RE STILL WAITING FOR

Kelli Richards May 12, 2014

THESE TOP COMPANIES DO BIG THINGS SEPARATELY; IMAGINE WHAT THEY COULD ACCOMPLISH TOGETHER.

One of the best parts of working in the tech industry is having a ringside seat to watch heavyweights like Google and Apple duke it out for market share and to be the first to develop the next big thing.

When tech titans acquire smaller, hotter companies or struggling enterprises that have been around the block, the result is often an exciting jolt of innovation and a threat of a bold industry upset.

When Google acquired Nest Lab this year for example, it was great for business and the consumer. Google had a vision for Nest as a game changer in the smart home category, and Nest enjoyed a long list of benefits. Google accelerated Nest’s strategic initiative, took it off the market to prevent its competitors from acquiring it, and boosted its own brand appeal. Nest was young, sexy, and desirable–an image that Apple has dominated for years.

Likewise, Facebook acquired Instagram in April 2012, when it was extremely small, for $1 billion–inheriting a rock-solid user base and carving out a larger chunk of the social sphere.

Successful mergers drive the tech industry forward and make new devices and services accessible to the average person. In the case of Nest, it made the young company able to reach more consumers with its clean tech initiative, and Instagram’ following quadrupled to more than 150 millions monthly active users after its acquisition.

There are several tech giants that have been dancing around some promising acquisitions for a while now, and I think I speak for everyone when I say they just need to do it already!

1. APPLE ACQUIRING DISNEY OR NETFLIX

Everyone knows that Apple has a huge war chest to buy relevant companies, and of course they’ve employed it several times over the years.

While Apple devotees around the world were disappointed to learn an Apple-Tesla merger was not in the cards for Elon Musk (at the moment, anyway), a more likely scenario is that Apple will try to acquire a major content company like Netflix or Disney in the near future.

Of course, Disney would be a big catch for Apple. The brands both embrace creativity, innovation, and delivering an amazing customer experience. In a merger, Apple would be able to ship the long-awaited Apple TV with access to ESPN, Pixar movies, and other Disney content. Consumers would have access to a much broader content library largely on-demand in the cloud, and Bob Iger and Tim Cook would be a dynamic duo that could boost shareholder confidence and inject innovation into both brands.

Netflix boasts a similar advantage of on-demand streaming and high-quality original content. An acquisition would reinforce Apple’s commitment to a seamless customer experience by offering a completely integrated content ecosystem. Owning a major content company would give Apple greater leverage when negotiating other forms of movie, TV, and sports content and make it virtually unstoppable in the media space (beyond its existing bench strength).

2. AMAZON ACQUIRING RADIO SHACK OR BEST BUY

Amazon has long expressed a desire to have a retail footprint, and Radio Shack and Best Buy both need a savior.

Brick-and-mortar electronics stores can’t match Amazon prices, but people still want to go into a store to play with the products or speak with a knowledgeable representative. Most people will go to Best Buy to kick the tires, then turn around and buy a product for less on Amazon.

It makes perfect sense that Amazon would want to offer the best of both worlds. Jeff Bezos has expressed the idea that he would be interested in physical retail locations, but only if Amazon had a “truly differentiated idea.”

What better way to accomplish that goal than to acquire a chain of established stores and existing real estate in local neighborhoods?

3. SAMSUNG OR GOOGLE ACQUIRING FITBIT

These companies are focused on innovation, delivering seamless data integration across all their devices, and creating functional, stylish products that consumers rely on daily.

The race for the ultimate wearable is on, and both Google and Samsung have thrown their hats into the smart watch solutions ring.

Samsung released its Gear Fit fitness tracker in April. The verdict is still out about Gear Fit’s performance, but if it’s not a blockbuster success, Samsung may want to consider buying Fitbit to knock out its chief competitor. Samsung would also gain Fitbit’s audience, technology, and great customer experience.

Google hasn’t come out with a smart watch yet, though the Google Gem is rumored to be almost ready for market. The Gem is reportedly clunky, so it may fail to take off simply because it’s too large and unwieldy. The ability to offer consumers the sleeker Fitbit may appeal to Google, especially because it would take the company off the market for Apple or Samsung.

Industry behemoths will only make a move to acquire another company when they see the potential for huge returns (or a threat from a partnership with their competitors).

These players are primed to disrupt the industry together, and these acquisitions would also bring exciting changes for the consumer. These companies already provide a great customer experience individually–just imagine what they could do together.

Until next time,

Kelli Richards, CEO of The All Access Group.

Originally posted: https://www.fastcompany.com/3029955/3-seemingly-obvious-tech-mergers-were-still-waiting-for

What are the 5 Best Steps to Deepening Your Relationship with a Mentor?

Kelli Richards May 5, 2014

Once you’ve chosen a mentor, or accepted a mentee, and established the ground rules of working together, the pressure is on to keep the conversation productive and relevant. After you’ve built a solid rapport, consider using these unconventional questions to deepen and advance the conversation into new areas of insight:

1. What qualities do you look for in the people you hang out with? Have you ever heard the saying that you are the average of the top 5 people you spend time with? A top performer knows that their time is valuable and not to be wasted on people who don’t help them become better in some way. If you can start a conversation with those you mentor about what they look for in others, you will get a 10,000 foot glimpse of the qualities they are trying to develop within themselves.

2. What values are you committed to? Having values at the center of your business is invaluable. In fact, one of the little-known secrets to Apple’s success is its unwavering commitment to challenging the status quo. Strong values such as these provide grounding and direction whenever you are faced with a new problem or opportunity. Spend some time defining and exploring a time when remaining true to their values required a mentor or mentee to embrace extra work or strong personal or professional sacrifice.

3. When is breaking the rules okay? Rules exist for a reason, but a top performer knows that many rules regarding “the way things are done” are simply a product of social construction, and no heads will roll if you break them. Why not ask for the story of a time when your mentor or mentee decided to break a rule in their own business and how it panned out. How did they evaluate the risks and benefits? Would they do anything differently today?

4. How do you keep your feelings from clouding your decision-making? Humans are far from purely rational beings, and yet we’re expected to make hundreds of decisions every day from a place of logic and reason. Top performers recognize the powerful role emotions play in tough decisions and develop constructive habits to raise their own awareness. Talk this over for a while to gain more insights into both parties.

5. How do you challenge your underlying beliefs or assumptions? While it’s not easy to prevent emotions from clouding one’s judgment, it’s even more challenging to recognize when you are operating from an assumption that may not be true. Top performers know that they don’t have it all figured out; the most successful people actively seek out new perspectives that challenge them to grow. Talk about how each of you challenges underlying beliefs and stringencies.

Until next time,

Kelli Richards
CEO of The All Access Group, LLC

PS, The right mentor will also have the right CONNECTIONS to move any effort forward. Be sure to ask who they think they can bring to the table around advisor ship, possible collaboration and even funding. If you’d like to discuss mentorship with me and learn more about my own connections and process, please reach out by email.

Important Security Measures for Small Businesses

Kelli Richards April 28, 2014

With business data breaches becoming a common story on the evening news, small businesses need to be vigilant about securing their systems and technology to protect their customers and their operations. Symantec’s 2014 Internet Security Threat Report found that web-based attacks, targeted attacks and the number of breaches all significantly increased in 2013 and one in eight websites have a liability vulnerable to attacks. Make your business data difficult to access and manipulate so criminals move on to easier targets by knowing how data breaches occur, minimizing risk and regularly monitoring security.

How Data Breaches Occur

Equifax Personal Solutions Senior Vice President Scott Mitic cautions companies that data breaches aren’t just happening by anonymous hackers in cyberspace. Although breaches do occur this way, companies are also vulnerable to security breaches from physical access to sensitive confidential information. Physical access to systems can be by employees who use databases, vendors or outsourced IT service personnel who are onsite to perform work. A company’s website or interface are opportunities for hackers to try their hand at finding weaknesses in security that they can exploit to get further access to business financial data, employee data and customer data. Red flags that indicate data breach activity include missing company equipment such as laptops, smart phones, or tablets that may have sensitive data and suspicious phone calls about employee remote access to systems or password resets. Reports from systems monitoring programs or services about unauthorized access attempts help small businesses know when their systems are being targeted so they can increase security measures.

Minimizing Risk

Adam Levin, writing for Forbes on “How to Prepare Your Small Business for an Inevitable Data Breach,” recommends taking proactive security measures rather than waiting until something occurs that puts your data at risk. He recommends doing the following:

Implement security policies and procedures and put someone in charge of maintaining compliance with them.
Train employees on your security policies and procedures and about security issues such as phishing emails that try to get them to reveal or reset passwords and not leaving unsecured physical files or devices unattended.
Limit and monitor access to systems and databases and put someone in charge of doing so, along with assigning someone secondary responsibility for checks and balances.
Put financial systems on a separate, isolated computer than other systems in use.
Use an outside security audit for regular review of systems threats.

Regularly Monitor Security

Make security a top priority with regular, ongoing security monitoring. Conduct and document frequent network penetration testing to determine if there are ways to get unauthorized access and fix any vulnerability as soon as you become aware of them. Automate security alerts for unusual activity on your systems to be able to take action right away. Identity theft protection software, such as LifeLock, can protect your personal and business information and monitor all of your data. Make it a mandatory policy to regularly install all new security updates on all equipment, even smart phones and other hand-held devices your employees bring in to work. Take care with vendors and require them to follow the same security policies and procedures as your company. William Hughs, Guest Blogger for the All Access Group, LLC

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PS: If you’re building a team to move your best projects forward, remember that the music to making it all work is your mentor. A powerful mentor should be an ally who sees your vision, a leader who brings the very best people and advisors, and a clear picture of how to get from starting point to end game. If you’re looking for that, I’d love to have a conversation with you.

https://www.forbes.com/sites/adamlevin/2014/02/13/how-to-prepare-your-small-business-for-an-inevitable-data-breach/

Kelli Richards

How to Build a Strong Relationship with Your Mentor?

Kelli Richards April 21, 2014

There is nothing more valuable for your personal and professional growth than finding the right mentor to guide and challenge you. But working with a mentor is not a transaction; it is a relationship, and as with any relationship it can be easily destroyed if you don’t take good care of it. Here are 8 things you can do to build a strong and productive foundation with your mentor:

1. Develop clarity around WHY you want a mentor. Before you meet with your mentor, ask yourself what type of help you are seeking and what qualities you hope to find in a mentor. Are you looking for someone with an entirely different skill set from yours? Someone who will call it like it is, even if it hurts? Knowing your own reasons for seeking a mentor will help you establish meaningful goals together.

2. Be OPEN and TRANSPARENT. You must be completely honest with your mentor about every aspect of your career – your hopes and fears, your strengths and weaknesses, your ideas, goals and highest aspirations. Your mentor will be able to have meaningful insights to enable him or her to propel you forward.

3. Set SMART goals. When creating goals, make sure they’re SMART: Specific, Measurable, Achievable, Realistic and Time-bound. Review your goals every so often to make sure you are on the right track. If not, revisit and realign.

4. Decide when and how you will COMMUNICATE. Meeting regularly and face-to-face, or communicating mainly through phone and e-mail; once you’ve established what form of communication will take, don’t forget to discuss duration and frequency.

5. Be PREPARED for your sessions. It means coming to the conversation with a specific focus and a list of key questions. Be punctual, well organized, and ready to give a brief update on recent progress. Don’t hesitate to propose an agenda for the conversation.

6. Build TRUST and RESPECT. Mentoring is a sacrifice for both parties, but especially for the mentor. Be respectful of their time, boundaries and other priorities in life. Do everything you can to avoid trust-breaking behaviors.

7. Be RECEPTIVE to criticism. Your collaboration is mostly for your benefit, so it is vital that you never take it for granted. Be open and receptive to feedback as well as criticism.

Finally, keep in mind that your mentor is likely to give a lot more than you do in the relationship. Focus on the relationship, not the results, and always make sure to express often that you value and appreciate your mentor’s guidance.

Until next time,

Kelli Richards
CEO of The All Access Group, LLC

PS, The right mentor should also have the right CONNECTIONS to move you forward. Be sure to ask who they think they can bring to the table around advisorship, possible collaboration and even funding.

Is a Joint Venture Right for Me?

Kelli Richards April 14, 2014

Once you’ve embraced collaboration as a means to achieve your highest potential in your project or venture, at some point you might start to see potential for more formal partnership.

Entering into a Join Venture is not something to undertake lightly. It is a major decision and requires careful consideration. Here are some of the basics of how Joint Ventures work and some key points to keep in mind when considering whether or not it’s the right move for your business.

The ultimate goal of embarking on a JV is to expand your business, whether by developing new products or moving into new markets. JV’s are particularly relevant for those hoping to expand their business overseas.

No matter the size of your business, Joint Ventures can be utilized to strengthen long-term relationships or to collaborate on short-term projects. A joint venture enables you to share risks and benefits with a partner and can supply you with access to established markets and distribution channels, more resources, greater capacity, or increased technical expertise.

Entering into this type of collaboration with another business is complex; building the right relationship takes time and effort. If you do not have a clear understanding of the goals and the way value will be shared moving forward, a Joint Venture can burn you in the long run. (Just ask IBM when it partnered with Microsoft in the early 1980’s.) Success in a JV depends on the right relationship, a clear and thorough understanding of the goals, and effective communication of the business plan. Here are a few things that could be deadly to your Joint Venture:

> Goals are not 100% clear

> Different objectives among respective partners

> Friction and poor cooperation due to different management styles

> Insufficient leadership and support in the early stages

> An imbalance in levels of investment, assets or expertise brought in by respective partners

Flexibility is at the heart of what makes a JV such an attractive option. For example, a JV can cover only part of what you do and have a limited life span, therefore limiting the commitment and exposure for both parties; or alternatively, you might decide to set up a new company altogether to handle a particular contract.

To help you decide what form of JV would best serve you, ask yourself how involved you want to be in managing it, and consider what could happen if the venture fails.

Understanding how much risk you are prepared to accept is a key element of choosing the right JV approach. Take the time to develop clarity around this central question and you will thank yourself down the road!

Until next time, Kelli Richards

CEO of The All Access Group, LLC

PS: The right mentor will also have the right CONNECTIONS to move any effort forward. Be sure to ask who they think they can bring to the table around advisorship, possible collaboration and even funding.

Want to Take Your Project to the Next Level? Collaborate!

Kelli Richards April 7, 2014

Although our culture tends to celebrate the idea of the “lone creative genius,” the truth is that a look behind the scenes of any success story will very often reveal the work of a stellar team; a group of passionate people who worked together to challenge and motivate one another. Steve Jobs famously promoted collaboration to increase productivity and creativity at Apple. It was one of the benchmarks of all the work that went on during my years there, and it continues to be a best practice of the corporation, and the alum that worked there.

How does this apply to you? Here’s the truth: If you want to take your creative project to the next level, it’s time to give the focus on individual productivity a break and shift toward harnessing the amazing power of effective collaboration.
Remember this rule as you go forward: A team is more than just a group of individuals. Creating a cohesive team unit depends on a variety of factors that, if properly understood, can help you optimize your team selection and work habits. Here are a few facts to get you started:

1. The mere presence of others can boost your performance.

Ever wonder why so many creatives seem to enjoy working in a crowded café, surrounded by strangers? Evidence suggests that the energy of other people can act as a surrogate team, even if we’re working solo. In a 1920 experiment by social psychologist Floyd Allport, a group of people working individually at the same table performed better on a whole range of tasks even though they weren’t cooperating or competing, This is now known as the “social facilitation” effect – the way the mere presence of other people engaged in the same task as us can boost our motivation.

2. Team effectiveness depends on social sensitivity.

The ability of teams to perform well across a range of challenges is referred to as “collective intelligence,” and interestingly it is not based on the average IQ of individual team members. Rather, the collective intelligence of a team is derived from the way team members take turns during conversations – and this often correlates positively with the proportion of women in the group. Which brings us to number 3…

3. Teams perform better when they include both men and women.

A 2012 analysis of nearly 2,400 international companies found that those with at least one woman on their boards tended to be the strongest performers, and the benefits were especially apparent in tougher operating conditions. According to a 2011 experiment by European researchers, the optimum gender balance is 50-50.

4. A good team needs a balance of extroverts and introverts.

Our culture tends to idolize the extrovert, but evidence suggests that the perceived value of introverts in a team setting increases as time goes on, whereas the perceived value of extroverts actually falls – as demonstrated in a recent study by UCLA. While extroverts tend to grab our attention and introverts tend to take longer to showcase their abilities, often it is a balance of complementary personalities that makes for the most effective mix.

The Grand Takeaway? The best teams are built from diverse perspectives and abilities. When creating your dream team, seek out people with different specialties, personalities, and problem-solving styles. If there is friction, don’t give up; instead, train them in better communication.

If you’re building a team to move your best projects forward, remember that the music to making it all work is your mentor. A powerful mentor should be an ally who sees your vision, a leader who brings the very best people and advisors, and a clear picture of how to get from starting point to end game. If you’re looking for that, I’d love to have a conversation with you.

Until next time,
Kelli Richards

CEO of The All Access Group, LLC

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Category: Blog

Tune in for my powerful interview with Brent Bourgeois

Eventual Millionaire Interview: How to Network With Celebrities and Thought Leaders like Steve Jobs, with Kelli Richards

How Your Brand Can Rock the Socks Off A Music Festival

Dear HBO, Please Keep ‘Silicon Valley’ Real!!!

What are the 5 Best Steps to Deepening Your Relationship with a Mentor?