Latest / Networking Unleashed: Building Profitable Connections / Networking Unleashed: S1E53 An Interview with David Fradin and Michael A Forman, Public Speaker
Transcript
- 0:16Hello, welcome back to Networking Unleashed,
- 0:20the podcast where connections aren't just conversations,
- 0:24they're the currency of success. I'm your host,
- 0:27Michael Foreman, and today we're talking about
- 0:30one of the most exciting intersections in business
- 0:33where product success meets the power of people.
- 0:36My guest today is a seasoned product expert who
- 0:41uncovered the five keys to product success. But
- 0:45here's the twist. It's not just about features
- 0:48and functionality. It's about the relationships
- 0:51that bring a product to life. From co -creation
- 0:55to customer discovery, from team dynamics to
- 0:59strategic partnerships, we're unpacking the how
- 1:03networking fuels every stage of building something
- 1:06truly successful. Whether you're launching a
- 1:09new product, scaling an idea, or trying to find
- 1:14product market fit, This episode will give you
- 1:17a fresh perspective on how your next big win
- 1:20might come from your next big connection. So
- 1:23buckle up, get ready to take notes, and let's
- 1:26unleash the network behind the product. And my
- 1:30guest today is David Fraden. And before I butcher
- 1:35his background completely, I'm going to let him
- 1:38do that for you. So David, how are you? Welcome
- 1:40to the show. I'm doing great. My background is
- 1:44I've been involved in product success for 55
- 1:47years. I currently consult and teach product
- 1:52management and product marketing. My number one
- 1:54client is Cisco, and I and my trainers have probably
- 1:58trained about half of the product managers at
- 2:01Cisco worldwide. Okay, that's very good. And
- 2:06what is it? And I read something in your background
- 2:08about Apple Computer and a business manager.
- 2:12Yeah, I was the business unit manager for the
- 2:15Apple III product line. And at the time, there
- 2:18was just two profitable product lines for the
- 2:20company, the Apple III and the Apple II. And
- 2:24Steve Jobs Macintosh was still under development.
- 2:28And I was actually working for a computer company.
- 2:34when all of that first came around. Back when
- 2:37the Macintosh was, ever hear of a Macintosh Lisa?
- 2:41Yeah. Okay. So that's when I started working
- 2:44with the computers. So that long ago. Okay. So
- 2:48let's delve right into this. How does networking
- 2:51impact product success, especially in those early
- 2:55ideation and validation stages? Well, networking,
- 3:00I'm here in Silicon Valley, and one of the reasons
- 3:03for Silicon Valley's success is the ease of networking.
- 3:07In the culture of Silicon Valley, if I introduced
- 3:11you to somebody else and you turned out to be
- 3:15a bum, it does not reflect on me. It's just that
- 3:18everyone expects everyone to network. In other
- 3:22cultures, like the Japanese culture, If we were
- 3:25in Japan and I introduced you to somebody else
- 3:28and you or somebody else turned out to be an
- 3:31idiot, then it would reflect poorly on me. They,
- 3:35for many years, have had a culture of if a nail
- 3:38sticks up, you got to pound it down. Whereas
- 3:41in Silicon Valley, if a nail sticks up, you try
- 3:44to help it grow and thrive. I see that the networking
- 3:48around in the U .S., anyway, if I were to refer
- 3:53you to somebody, and you turned out to be an
- 3:58idiot, that would reflect poorly on me because
- 4:02the end person would say, the last person that
- 4:05Mike referred to me, he really didn't turn out
- 4:09to be the best, so I'll just take him over with
- 4:11a grain of salt. So I guess it really depends
- 4:14on what part of the country you're from or what
- 4:17country you're from. Well, that's what many places
- 4:20like Silicon Valley, I think in New York and
- 4:24in San Francisco and others have studied the
- 4:27culture in Silicon Valley, which is about 45
- 4:30miles south of San Francisco. And they've tried
- 4:34to adopt the same level of entrepreneurship and
- 4:38ease of networking. And some of them have succeeded.
- 4:41Some of them have not succeeded because of the
- 4:43cultural differences around the country and for
- 4:46that matter, around the world. Okay. You talk
- 4:50about five keys to product success. Can you walk
- 4:54us through them and show and share how relationships
- 4:57played a role in each one? Yeah, the five keys
- 5:01are a mnemonic of my company's name, Spice Cow.
- 5:04This is the word spice, where S stands for product
- 5:08market strategy. P stands for repeatable processes.
- 5:12I stands for having the information available
- 5:15necessary to make important decisions. C stands
- 5:19for understanding what it is that your customer
- 5:21wants to do, when they want to do it, why they
- 5:24want to do it, how they want to do it, where
- 5:26they want to do it, how important is it for them
- 5:29to get it done, what's standing in their way,
- 5:32and how satisfied are they with the current solution.
- 5:35And then the E stands for the employees and staff
- 5:40and consultants for the company to ensure that
- 5:42they have all 130 competencies or skill sets
- 5:46that I've identified that are essential to product
- 5:49success. Going back through each of them in terms
- 5:53of putting together your product market strategy,
- 5:56no one product manager can do it by themselves.
- 5:59They have to get involvement of senior executives,
- 6:03finance, legal, HR, engineering, sales, marketing,
- 6:09purchasing, manufacturing. They have to be able
- 6:12to easily network, mediate, and negotiate to
- 6:16get everyone on the same page and on the same
- 6:18product strategy. In the P area, that's a repeatable
- 6:22process. And it was either Harvard or MIT found
- 6:26that those organizations that had repeatable
- 6:29processes that they enhanced and improved over
- 6:32time tended to be more and more successful. I
- 6:36had one client I was consulting with, and I asked
- 6:39him if his company had repeatable processes.
- 6:42And this VP of product management said no. They
- 6:46introduced five new products. All five failed.
- 6:48And then when they went into their retrospect,
- 6:51everyone sat around pointing fingers at everybody
- 6:53else because they didn't have a repeatable process
- 6:56that everyone agreed to. The eye for information,
- 6:59you have to network to get that information.
- 7:02You may have to go to your corporate marketing
- 7:04department and make sure that they subscribe
- 7:06to the market research studies and reports that
- 7:10are necessary for the market that you're in.
- 7:12The C is composed of three or four steps of networking.
- 7:17First, to observe what your customer is doing,
- 7:20then interviewing your prospective customers
- 7:22that fit the personas that you're targeting and
- 7:25the target market, then surveying a representative
- 7:28sample. Then if you have big data available,
- 7:31you can do analytics on that and employ artificial
- 7:34intelligence to mine that information. And then
- 7:37lastly, in terms of the 130 skill sets that your
- 7:41employees have to have, some of them or a lot
- 7:44of them are going to just get picked up on the
- 7:46job. So to be able to network with people, find
- 7:49mentors that will help mentor and coach you through
- 7:52developing the skill sets and the competencies
- 7:55necessary for your success and for product success.
- 8:01Okay. Okay. When building your product team.
- 8:05How did your network influence who you brought
- 8:08on board? It's usually their references, their
- 8:13introductions, and then I would go on and interview
- 8:16them from there, check out their references,
- 8:19and before I'd offer them an opportunity. The
- 8:23second thing I would do is also assure myself
- 8:26that the values that individual holds. maps into
- 8:30the values that I have and that the organization
- 8:33that I'm working for has. Because if there's
- 8:36a conflict of values, usually the chances for
- 8:39success are substantially and severely diminished.
- 8:44Right. So when you have an employee that's been
- 8:47with the company for a while and they bring you
- 8:50in, how do you deal with that when they really,
- 8:53they don't match what you are looking for? Well,
- 8:59one of the things I, every time I became a product
- 9:01manager, I would go out to lunch with each of
- 9:05the other people in the other areas that I mentioned
- 9:07earlier, manufacturing, engineering, HR, legal,
- 9:11and so forth. And as part of that lunch, I would
- 9:14ask them, what is their personal goals in life?
- 9:17Where do they want to go? And I told them, if
- 9:19I can help you get there, I'll be willing to
- 9:22do that. The result of that is whenever I would
- 9:24go into a meeting and a decision needs to be
- 9:27made, I know where that person is coming from
- 9:30and where they want to go. And I can pitch the
- 9:33decision along the lines that I know will help
- 9:37them out in their personal aspirations. And therefore,
- 9:40everyone can come together and be more successful.
- 9:44It means a lot more to the employee when the
- 9:47management is looking out for them. Yeah. Okay.
- 9:51So how do you balance listening to your network's
- 9:54feedback and staying true to your product vision?
- 9:59By having the data to know what it is that your
- 10:03product needs to do for the customer. I had one
- 10:07instance where I was teaching the Botswanian
- 10:10telecommunications company in Botswana. And I
- 10:14wanted to go to Botswana because I was wondering
- 10:16how can you get a country northeast of South
- 10:19Africa? And a product manager from one of the
- 10:22South African banks asked if he could come to
- 10:25Botswana and sit in on the class. And he did.
- 10:28And about halfway through the product management
- 10:31class, he said that a person that was just hired
- 10:34as a general manager in another area of the bank
- 10:37convinced the president to cancel his product
- 10:40line. And he had 12 engineers and two or three
- 10:43product managers and they were all just scared
- 10:46to death that they were going to get fired. And
- 10:48I asked them, did this, if you had what's called
- 10:52a DAISY or RACI chart, which is DAISY stands
- 10:55for decision maker, who needs to be advised,
- 10:58C stands for who needs to be consulted, and I
- 11:01stands for who needs to be informed, which I
- 11:05advocate everyone to do, put together such a
- 11:07chart before they start their product exploration
- 11:09and their strategy and development. Because when
- 11:13it comes time to make a decision, not everybody
- 11:15is the decision maker. Some people need to be
- 11:18consulted with. Some people just need to be informed
- 11:21what the decision is. And he responded that they
- 11:24did not have that for this product. And I said,
- 11:27if you did have that, would this new general
- 11:29manager have been on the Dacey chart at all?
- 11:34And his response says that general manager would
- 11:37not be. So the thing to go back to when you go
- 11:41back to Johannesburg is ask for a meeting with
- 11:44the president. Show him your data as to why this
- 11:48product is important to the bank's customers
- 11:50and that he should resurrect the product. And
- 11:54if necessary, tell the president he should ask
- 11:58this new general manager as to what their data
- 12:01is that recommends the cancellation of the product
- 12:04rather than that individual's personal feelings.
- 12:09Always bring the data. If you have the data to
- 12:12back you up, there's nothing that they can really
- 12:14say except for ultimately no. If you have the
- 12:18data to back you up, you prove to be a great
- 12:22argument for that. Can you give an example of
- 12:26how a customer or a beta user, beta user connection,
- 12:30led a breakthrough in your product? Yeah, I was
- 12:34working for a company called DocuGraphics, who's
- 12:37no longer around. And they were trying to build
- 12:40a new computer workstation built upon Motorola
- 12:43components. Also write a word processing program
- 12:46and a computer -aided drafting and design program.
- 12:51So they're trying to do something like WordPerfect
- 12:53and AutoCAD plus a workstation sitting on top
- 12:57of a relational database, which I think they
- 13:00were writing from scratch, versus using someone
- 13:02else's database. And so that was, they're trying
- 13:06to accomplish with a few million dollars what
- 13:09in four major areas, four multimillion dollar
- 13:12companies were doing, like Apple, Microsoft,
- 13:16IBM, Sun, WordPerfect, Autodesk, and so forth.
- 13:21without the resources. So they were trying to
- 13:25go after that broad market of desktop publishing.
- 13:28So I went out and I interviewed the half a dozen
- 13:32or so customers that we had and found that's
- 13:35not how they were using the product. That in
- 13:38fact, what they were doing is using it to create
- 13:41and manage work instructions, manufacturing instructions
- 13:45that are sent down to the floor. to show the
- 13:49assembly people how to build the product and
- 13:52also manage all the engineering change orders
- 13:54so that the right components are used in the
- 13:58right product. One of my lead customers was Lytton
- 14:01Applied Technologies, and they made fighter jet
- 14:04fuzzbusters. So they had this little device in
- 14:07their jet, and when the enemy popped off a missile
- 14:10at them, this fuzzbuster would detect the missile
- 14:14and put out a signal to jam the incoming missile.
- 14:18Now, if something's screwed up between understanding
- 14:21that the enemy has changed their frequencies
- 14:24and this fuzzbuster was not picking that up,
- 14:27then the result was the pilot gets killed and,
- 14:30of course, the plane is destroyed. So it was
- 14:33absolutely essential and important that the right
- 14:36version of the components for each build of the
- 14:40product was done correctly each time. So I was
- 14:43able to move the positioning of the product away
- 14:47from the general word. publishing business to
- 14:50focus specifically on manufacturing instructions
- 14:54with the additional benefit that nobody else
- 14:57was in that marketplace at the time. So we could
- 15:00niche that puppy, as they say in the business,
- 15:02and maximize focusing all of our resources on
- 15:06that little market niche and become profitable.
- 15:10Yeah, usually when in business, when your focus
- 15:14isn't exactly focused, when you have such a broad
- 15:17spectrum and then you focus in on one task, one
- 15:22thing, you become light years better than what
- 15:26you were before because you're focusing on that
- 15:29one thing. You're not everything to everybody,
- 15:31which really you can't be. So you're focusing
- 15:34on your lane. And that really is very good. What's
- 15:38the role of strategic partnerships and how do
- 15:41you build those relationships from scratch? A
- 15:45strategic partnership is very critical because
- 15:48you always have to go through a build versus
- 15:50buy scenario. And if you could find a partner
- 15:55that can provide some holes in your product and
- 15:59or in your service, it's far better to partner
- 16:02with them than it is to try to go out and build
- 16:04a duplicate of it. And the way you do it is you
- 16:08approach them and say, hey, we're interested
- 16:10in a strategic relationship. This is what we're
- 16:13doing. I understand what you're doing. Can we
- 16:16sit down and talk about some way that we can
- 16:18work together? I had, when I was the business
- 16:21unit manager for the Apple III, about 500 hardware
- 16:25and software developers that had built products,
- 16:28hardware and software for the Apple III. And
- 16:32I sat down with them. all of them, to put together
- 16:34a strategic partnership to make sure that the
- 16:38money they were investing in my product line,
- 16:41that they'll get a return on that investment.
- 16:43And that included when we were getting close
- 16:46to shutting down the product line, no longer
- 16:49using it as a cash cow for the company, I focused
- 16:53on moving all of my developers from the Apple
- 16:56III platform to the Macintosh platform so that
- 17:00they can continue to be a going entity. And when
- 17:04you're talking about the Macintosh, it brings
- 17:06me way back. I told you before that I started
- 17:09when the Mac Lisa was still around, when the
- 17:12SE30, SE80 was just that one little nine inch
- 17:16black and white screen. So I really, it brings
- 17:20me way back to my roots. A lot of founders struggle
- 17:25with getting their first users. How can networking
- 17:28accelerate user adoption? Well, I'll give you
- 17:33an example. I joined a company that I was recruited
- 17:35to join called Rich Relevance back in 2007 or
- 17:39so. And they had a bunch of people come out of
- 17:43Amazon's recommendation engine research and development
- 17:46area. And they had built a personalized recommendation
- 17:50system like Amazon's. And they got some venture
- 17:54capital investments. And one of the venture capitalists
- 17:58knew the... VP of IT at Sears, the holding company.
- 18:03So he introduced us to Sears. I flew out to Chicago,
- 18:08went to the Sears campus, which is off of one
- 18:12of the suburbs there, met with that VP and with
- 18:15the general managers and with the head of Sears
- 18:17.com and worked out an agreement for them to
- 18:21buy this recommendation engine and install it
- 18:24on their website. It was like a $15 million deal.
- 18:29And then in typical Sears style, they insisted,
- 18:34since I was going to be a vendor of Sears, that
- 18:37I also have to give them some stock in rich relevance.
- 18:41And that's what Sears did for many decades with
- 18:45many of the suppliers to Sears and turned owned
- 18:48pieces of the companies that were supplying them.
- 18:52We worked all that out as a strategic partnership,
- 18:55and I emphasized the importance of making sure
- 18:59it worked, even to one point after the president
- 19:02of the company promised Sears that if his recommendation
- 19:06engine, which is running on other servers, crashed,
- 19:08it would not crash the Sears website. One morning,
- 19:12about 5 o 'clock in the morning, I get a call
- 19:14that says the Sears site is down. We think it's
- 19:17rich relevance. Fix it. So I organized a task
- 19:21force to jump in there and fix it before more
- 19:24than several million dollars in sales were lost.
- 19:27And they were happy with that to the point in
- 19:29which I could ask them for references and referrals
- 19:33to Kmart .com, SearsParts .com, and the rest
- 19:39of the other 93 .com websites that Sears Holding
- 19:42owned at that time. Wow. Wow, that was really
- 19:47good. What networking advice would you give to
- 19:50product creators who are great at building, but
- 19:54not great at connecting? They got to get out
- 19:58of their shell or find somebody for marketing
- 20:03or business development or sales that are good
- 20:06at that and let them go and don't be paranoid
- 20:09about it. That's one thing that in my. talk.
- 20:13So I go coast to coast and I'm a public speaker.
- 20:17I always talk about introverts and extroverts.
- 20:20The people building are usually introverts and
- 20:24they always have to get with an extrovert. And
- 20:27that's the sales and marketing and everything
- 20:29else, part of the business, but the introverts
- 20:32are the builders. So that's how I get to them.
- 20:34You also run across a personality that thinks
- 20:37they are number one. and they cannot allow somebody
- 20:42else to take the lead. This guy that was one
- 20:46of the founders of Rich Relevance was one of
- 20:48those. And I remember we went to a conference
- 20:51in Orlando, Florida, and the primary value proposition
- 20:55for Rich Relevance is it helps increase your
- 20:58sales, or what in the e -commerce business is
- 21:01called Lyft. So I said, let's get a bunch of
- 21:05balloons and put Rich Relevance on it and tie
- 21:08them up to shopping carts, which is related to
- 21:11the shopping cart on the e -commerce site. And
- 21:13this was an e -commerce conference that was going
- 21:15on with other companies there like Sears looking
- 21:18for products like Rich Relevance, personalized
- 21:21recommendations. So he got his nose a little
- 21:24out of joint because I had come up with a...
- 21:26better idea for marketing the company. And I
- 21:30started talking on the floor with a lady from
- 21:34Steva, which is an alternative sugar sweetener.
- 21:37And he had to budge his way into that conversation
- 21:40and brag about how much he likes Steva, which
- 21:44had nothing to do with the strategic partnership
- 21:46I was trying to put together. And as a result,
- 21:49I wasn't able to develop anything there. Yeah.
- 21:52So you have to tell these guys better off that
- 21:54you keep your nose out of my business. Let me
- 21:57do the thing that I do best and let the company
- 22:00go. But you're right. But some people just don't
- 22:04want to let go. And that's what happens. That's
- 22:06what could happen. OK, so what's one relationship
- 22:10that had a major impact on your product's trajectory
- 22:13and how did you build it? I guess one thing that
- 22:20comes immediately to mind is that When I took
- 22:24over the Apple III product line as the business
- 22:26unit manager, that was as a result of Steve Jobs
- 22:30convincing the executive committee at the time,
- 22:33this is 1983, to cancel the product line because
- 22:36Steve felt that the Apple III was in the business
- 22:39and office market where he wanted his not -yet
- 22:42-shipping Macintosh to be. He had not yet learned
- 22:45from Dave Packard and Hewlett Packard that it's
- 22:48better for him to cannibalize his own products
- 22:50rather than have someone else do it. After it
- 22:53was canceled, I was called into the president's
- 22:55office and he said, Dave, we canceled the Apple
- 22:59III product line. I said, I know you did and
- 23:01you didn't bother to ask me about it. I have
- 23:03the full responsibility, but no authority. And
- 23:07he said, so Scully says, what should we do about
- 23:10it? And I said, what do you mean we, pale face?
- 23:14get the joke. So I had to explain to him that
- 23:17there was this fictional character, the Lone
- 23:19Ranger, that more white, rode a white horse.
- 23:22I got it right away. Rode a white horse, had
- 23:26one silver bullet in his belt, and he rode around
- 23:30doing good and fighting evil. And he had an Indian
- 23:33sidekick by the name of Tonto. And when I tell
- 23:36this story to Indian Indians, I have to say an
- 23:39American Indian sidekick. And the story goes
- 23:42is that the Lone Ranger and Tato are surrounded
- 23:45in the desert by 10 ,000 yelling, screaming Indians.
- 23:48And the Lone Ranger turned to Tato and says,
- 23:51Tato, we're surrounded by 10 ,000 yelling, screaming
- 23:53Indians. And all they want to do is scalp us.
- 23:56What should we do? And Tato, who was an American
- 23:59Indian, says, what do you mean we, pale face?
- 24:02Yeah, that's right. Scully snickered and I explained
- 24:07to him that I have all the responsibility, but
- 24:09none of the authority. Give me. full authority
- 24:13as an independent business unit, which he and
- 24:16the executive committee later did. And as I was
- 24:20running that, we had sold 23 ,000 of the 25 ,000
- 24:26Apple 3s that we had in inventory, representing
- 24:29about a third of all the Apple 3s that were sold
- 24:31up to that point in time. And then the company
- 24:35announced that they're going to have an Apple
- 24:37II Forever event. And the same day, they're going
- 24:40to announce the Apple IIc. And they're going
- 24:43to have 24 demonstration stations at the Moscone
- 24:47Center up in San Francisco showing different
- 24:50Apple II products. But they would only give one
- 24:53to me for the Apple III. director of communications
- 24:58who had been around apple for many years at that
- 25:00time came to me he says look we're just opening
- 25:02up another can of worms to explain to the dealers
- 25:05that the company's still behind the product but
- 25:08only one out of 24 demo stations is the apple
- 25:11iii and i don't think we can do that anymore
- 25:13i don't think the dealers are going to believe
- 25:15us or trust us so i think we should shut the
- 25:18product line down so i did that day in april
- 25:221984 But in the process of doing that, I also
- 25:27had as a customer a company out of Utah called
- 25:30Sun Remarketing. Remarketing, no relationship
- 25:33to Sun Microcomputers. And he would buy end of
- 25:37inventory products from like Osborne and Compaq
- 25:40and so forth and then resell them. So I flew
- 25:44out to Utah and sat down with him and we cut
- 25:48a deal for him to buy the remaining 2 ,000 Apple
- 25:503s so that when I shut the product line down,
- 25:53all of them had been sold, all the profits had
- 25:56been gained. It was enough money to help pay
- 25:59for the finishing of the Mac development and
- 26:02also to keep about 1 ,000 to 1 ,500 Apple employees
- 26:05employed until the following January. In 1985,
- 26:10Steve had cut the Salesforce, eliminated it.
- 26:15He discontinued the Lisa product line that he
- 26:18had been made general manager of in addition
- 26:20to the Mac. And Mac sales dropped to four units
- 26:23because there was nothing you could do with the
- 26:25existing Macintosh at the time because the largest
- 26:29program you could write was 10K and it had to
- 26:32be an Apple Basic, which was not a very verbose
- 26:35programming language. And a couple, three months
- 26:37later, the board fired him and then moved on.
- 26:43That's all right. I know I keep saying this over
- 26:46and over again, but you're talking all about
- 26:49your background in Apple and everything else.
- 26:51And that was my beginning in the computer era.
- 26:56And it's like old home week. That's really because
- 26:59everything you're discussing, I was part of that
- 27:02dealership. But I was also a systems engineer
- 27:06with Apple Computer. So everything is all coming
- 27:09together. If someone is just launching a product
- 27:13today, what three networking moves should they
- 27:17make in their first 90 days? Once they've started
- 27:22putting together their product market strategy,
- 27:25one component of that is their distribution strategy.
- 27:29So that's what they figured out. Are they going
- 27:31to use a distributor? Are they going to go direct?
- 27:34Are they going to build a direct customer website?
- 27:37Are they going to use a sales force? Are they
- 27:39going to use a value -added reseller? Are they
- 27:42going to use an original equipment manufacturer?
- 27:45So you have to figure those things out as to
- 27:47what is the best way to bring your product to
- 27:49market. Do you want to do it in the United States
- 27:52first, then Europe second, and then Asia third?
- 27:56And then you start cultivating relationships
- 27:58in each of those areas that your distribution
- 28:00strategy tells you that you're going to do. That's
- 28:05great. David, you apparently are very successful
- 28:09and you're very knowledgeable in what you do.
- 28:12What's your biggest mistake that you made and
- 28:16how did you overcome it? I think the biggest
- 28:26mistake that I've made in my entire career is
- 28:29going to work for companies or organizations.
- 28:33that either did not have a set of values or did
- 28:37not follow those set of values. And third, did
- 28:41not map into my values. And one of the things
- 28:45I did when I was writing Building Insanely Great
- 28:47Products, which is available on Amazon, is that
- 28:51I was familiar because of my work in the high
- 28:54-tech business and in dealing with the supersonic
- 28:57transport and the space shuttle. When I was in
- 29:00college, I was personally known to or knew of
- 29:05the presidents of most of the Fortune 500 companies
- 29:08in the first Fortune 500 list. And I had read
- 29:12many of their annual reports. So I made a list
- 29:16of those Fortune 500 companies and I had three
- 29:18columns. The first column was, did they have
- 29:21values? And if so, did they follow those values?
- 29:25And the third column is, are they still in business?
- 29:28And I found with almost without exception, those
- 29:32companies that either did not have values or
- 29:34did not follow values, they were no longer in
- 29:37business. So that began to tell me how important
- 29:40the values are. And I wondered if that applied
- 29:43to my personal career. So I made a list of about
- 29:4625 organizations that I've been associated with
- 29:49throughout my career. These are for -profit companies
- 29:52like Hewlett Packard and Apple and others, nonprofits
- 29:56like the nonprofits that I started and the flying
- 29:59club that I started at Michigan, and the homeowners
- 30:02associations of which I've been president of.
- 30:05Without exception, those that had either no values,
- 30:10did not follow their values, and or did not map
- 30:13into my values, I either got fired, and that
- 30:16was a mercy killing, and I felt better the next
- 30:18day, or I quit, and I felt better the next day.
- 30:22But in those in which all three columns mapped
- 30:25up, they had values, they followed values, like
- 30:28Hewlett Packard and Apple, I thrived, and I was
- 30:31very happy, and very happy to get up in the morning
- 30:34and go to work there. So the number one mistake
- 30:37that I made And those organizations that didn't
- 30:41have that is I didn't examine that before I agreed
- 30:44to join them. I had a property manager for my
- 30:48rental property that I owned on the beach in
- 30:51Maui. And he came back to the Bay Area and was
- 30:54looking for a job. And I told him that story.
- 30:56And I said, After they start interviewing you
- 31:00and they finish their questions, you ask them,
- 31:02what are their values? And then you decide whether
- 31:05or not you're going to join that organization.
- 31:07He said a few days later, he went out on an interview
- 31:10and he started talking about values. And he talked
- 31:13with the hiring manager for four hours about
- 31:16values. They hired him and he said he's never
- 31:18been happier in a job in his entire life. Sometimes
- 31:22that's all you need is just a push in the right
- 31:24direction to make sure that your values align
- 31:28with the company's. And it's very good advice.
- 31:32David, this was a blast. I love talking to you,
- 31:36especially about Apple Computer. But if somebody
- 31:40wants to get hold of you for whatever reason,
- 31:42how would they get hold of you? They can go to
- 31:45my website, to Spice Catalyst, oneword .com.
- 31:48All my contact information is there. All my books
- 31:51are there. All my training courses are there.
- 31:54And then there's an extensive blog with hundreds
- 31:57of articles about all aspects of product success.
- 32:01They can also go to Amazon, any place in the
- 32:03world. Look up my name, David Frayden, and all
- 32:07my books will come up, including workbooks for
- 32:09many of my courses that people can use to put
- 32:12together their five keys to product success.
- 32:16Fantastic. David, this was so great. I thank
- 32:20you so much for coming on the podcast. Glad to
- 32:23be with you. Well, hold on, folks. Don't go anywhere.
- 32:27Let me just read a few of our sponsors that we
- 32:30have. Struggling to reach success? Maybe it's
- 32:33time to quit. In Quit Your Way to Success by
- 32:37Rodney Davis, this reveals 27 steps to breaking
- 32:41bad habits that hold you back. This powerful
- 32:44book helps you rewire your mindset, take control
- 32:48of your actions, and turn setbacks into stepping
- 32:51stones. With real -life examples, motivational
- 32:54quotes, and actionable lessons, especially for
- 32:58sales professionals. You'll gain the tools to
- 33:00quit, what's stopping you, and start winning.
- 33:03Transform your future today. So Quit Your Way
- 33:07to Success by Rodney Davis, available now on
- 33:10Amazon. And this is a nonprofit called Revved
- 33:14Up Kids. This is something I believe in wholeheartedly.
- 33:18Revved Up Kids is on a mission to protect children
- 33:22and teens from sexual abuse. exploitation, and
- 33:25trafficking. They provide prevention training
- 33:28programs for children, teens, and adults. To
- 33:31learn more, go to revvedupkids .org. That's R
- 33:35-E -V -V -E -D -U -P -K -I -D -S dot org. Well,
- 33:43that's a wrap, folks. A huge thank you to our
- 33:47special guests for sharing such incredible insights
- 33:50today. And of course, a big shout out to you,
- 33:53our amazing listeners for tuning in and spending
- 33:57your time with us. Remember, networking isn't
- 34:00about being perfect. It's about being present.
- 34:03So take what you've learned today, get out there
- 34:06and make some meaningful connections. If you
- 34:09enjoyed this episode. don't forget to subscribe,
- 34:12leave us a review, and share it with someone
- 34:15who could use a little networking inspiration.
- 34:18Let's keep the conversation going. You can find
- 34:21me on Apple, Spotify, YouTube, or my website,
- 34:26michaelforman .com. Remember, until next time,
- 34:29keep practicing, keep connecting, and keep building
- 34:33those relationships. This is Michael signing
- 34:35off. Take care and happy networking.