Archive for the 'Business' Category

I Am Very Proud Of . . .

Wednesday, January 20th, 2010

As 2009 comes to a close and 2010 starts I took a few minutes to reflect back and think about the year that passed. During that process I started to think about what I was really proud of in 2009 and here are a few of those things:

I am very proud:

  • Of the M/A/R/C Research team and that we were able to make more money in 2009 than 2008 during a difficult economic time
     
  • That I continued to grow as a person and improve areas that needed some attention
     
  • That I continue to have meaningful friendships
     
  • That I was able to be a resource to industry contacts and help them during this difficult time
     
  • That I continued to work out consistently

That is a few things that made my list.

As 2010 starts what are you most proud of from 2009?

I look forward to reading your comments.

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Isn’t This What We Want From Every Person All The Time?

Monday, January 18th, 2010

I find some of the best people watching at the airport and actually the earlier the better. I have seen some very amazing things, met some very interesting people and even heard some very meaningful things as well.

Well last month was no different. I was at LaGuardia at about 5:30am and sitting about 5 feet away from where people check in at the gate. I was close enough to hear what the customer service rep was saying and how they were responding to the traveler.

The first person came up and wanted to know if they were going to make it on the flight since they were number four on the stand-by list. The American Airlines Customer Service Rep not only answered them in a very, very comforting manner, but also smiled as she said something very interesting. She said, "This is what is happening and I will try my best to make sure you get on the flight." The next person in line asked a question about the boarding process. Again as part of her answer she said, "I will try my best to make the process very easy for you."

I listened to a few more conversations and everyone included that phrase "I will try my best." I thought it was GREAT! Meaningful! Appropriate! Comforting! And frankly I was amazed that she did that with every passenger. As most of the readers know, I fly a lot and frankly have NEVER heard one person say that to a customer.

  • Have you ever heard someone say this to you?
     
  • Don’t we want our staff to say that to our clients?
     
  • Don’t we want our staff to say that to our team members?
     
  • What other phrases or comments do you like to hear from customer service reps?

I look forward to reading your comments.

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Yes The Economy Is Horrible. The Question Is, What Did You Learn?

Friday, December 4th, 2009

Six months ago I asked the question, "What has the economy taught you?" Six months later the economy is still horrible–yes all of us still have friends who have lost their jobs and know companies that have had major layoffs and even some that have gone out of business.

The question is, what did you learn over the past year? I truly believe that every situation is a learning experience and clearly there are many learnings from the past year.

Did the last year teach you:

  • That you should have saved more money for a rainy day?
     
  • To stay in touch with industry contacts?
     
  • To make sure you are improving your skills every day?
     
  • To work harder and smarter at work?

For me the last year taught me about speed–that I wasn’t making decisions as quickly as I should. When things are going well it’s easy to put off decisions that you should make – and I fell into that trap. This is a mistake I will try and learn from.

Now your turn.

What did the last year teach you?

I look forward to reading your comments.

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Most People Send And Receive Proposals. The Question Is, What Is Your Responsibility Once You Get One?

Monday, November 9th, 2009

So you need your pool fixed, want to build an addition to your house, or you need a new engine for your 1967 Corvette. Or perhaps you want to put in central air or need your driveway paved.  Or what about a need to conduct some market research?

What do all these things have in common?

Yes there is a buyer and a seller. But that’s not what I am referring to. All of those things involve a proposal. Someone needs to understand the requirements of the buyer and prepare a proposal. As we all know, preparing a proposal can take a while and in some ways costs money. Yes it is at times mostly labor but it does cost money.

Let me know if this sounds familiar:

You have a great discussion with a client or prospect, you take down all of the specifications and you know in your heart that you could do a great job. You prepare the proposal and include what you think is a fair price. What happens next? You wait, sometimes for weeks, months or longer and you never hear anything. Not one word.

  • How do you feel?
     
  • Do you wonder what happened?
     
  • Was the project awarded?
     
  • Do you wonder why your company didn’t win the business?

I am sure all of us have experienced those feelings and questions.

The question is, what is the responsibility of the person receiving the proposal?

  • Shouldn’t they get back to you in a timely fashion with some feedback?
     
  • Do you get back to your vendors when they send you a proposal?
     
  • How frustrating is this process in today’s economy?
     
  • Any ideas on how to make the process better?

I look forward to reading your comments.

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What I Try And Do Every Day.

Monday, November 2nd, 2009

Some days I leave the office and ask, "What did I do today?" The day starts early–usually around 6:00 am and continues until around 5:00pm. Most days, time goes by very fast – sometimes so fast it’s a blur. And at times when I try and replay the day it is difficult to say I did this or that.

I know there are a few things that I try and accomplish every day. I try and move the business forward. Try to see if anyone needs help. If anyone needs a set of eyes to review some tables, if anyone needs some assistance preparing a proposal, if anyone is too busy doing whatever and needs help making a client deadline. I am not suggesting that I am the person to help but I am saying that I can find someone to help.

Also I try and stay in touch with our clients and prospects. During this year I have made more of an effort to see and reach out to our clients.

I also try and look at things differently. Is there a better way to do this or that? Is there a more efficient way to accomplish something? This person appears to have some available time.  How can they help another department?

In addition to those things, I also watch the bottom line. How are we doing financially? Where do we have wasted spending? Can we accomplish the same thing for less?

So when I review my day it looks something like this:

  • Try and find ways to help the staff
     
  • Stay in touch with our clients and prospects
     
  • Try and find ways to do something better
     
  • Watch the bottom line

 That’s what I try and do every day.

What about you?

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Attention Best Buy: Right Question, But You Need To Add Another One . . .

Friday, October 30th, 2009

Okay, let me start by saying I shop at Best Buy. Yes I have a Rewards Card and use it often and yes I run (actually sprint) to the store every time I get a Rewards Coupon. I love the store and really enjoy shopping there. As you walk into the store you are always greeted by a greeter who welcomes you. When you are in the checkout line the cashier will always ask "Did you find everything that you were looking for?"  Great question–appropriate for sure. I am sure some customers say, "Well actually, I was looking for blank and didn’t locate it."

Last week my son wanted me to go to Best Buy and purchase a new DVD movie. As always I walk into the store and the greeter welcomes me and I go in and browse. But this time something different happens: I look around and can’t find the DVD. I assume it is coming out next week. So I walk out of the store without buying anything.

Yes a "good-bye" – from the greeter – but nothing else?

I say why is that?

I believe they are missing a great opportunity to engage a customer who just was in their store and didn’t buy anything. Why aren’t they asking me:

  • I noticed you didn’t buy anything – can I help you find the item you were looking for?
     
  • Oh – I know you were looking for this but this item will also accomplish the same thing.

To me, they aren’t taking customer service to the next level.

They are missing a great opportunity and frankly they are letting revenue walk right out the front door.

What are your thoughts?

  • What do you think about what I described?
     
  • Are there other stores that do the same thing?
     
  • Do any stores stop customers that are leaving empty handed?

I look forward to reading your comments.

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Sometimes It’s Okay To Come In Second!

Friday, October 23rd, 2009

I’m sure the title of this post made you think I was nuts and perhaps crazy.  Yes I am competitive – ok very competitive and want to come in first all the time. As I get older it’s about a lot of things.   Effort and how you show up are very important.

About a month ago we found out we didn’t get a piece of business that we wanted. Yes we want all business for which we are lucky enough to send a proposal, but this business was a little different.

It was a nice-sized project, and would have given our team a chance to utilize some different skills. As part of the project we would have been given an opportunity to present this to our client’s clients and be involved in the sales process which would have been very cool. Also the main contact at the client is one of the nicest people I have ever met in the research industry. He not only is very intelligent, he is very, very caring about his research partners and kept us informed every step of the way. His communication skills are a benchmark for everyone’s communication skills. In addition, the project was in the sports industry so you can see why we really wanted this piece of business.

Our proposal that we sent was solid. The client narrowed the potential vendors from ten to four and we were one of the lucky four. Next stop: a trip to NY and a presentation in front of the client team which was ten people. Although I was there, I talked very little but rather watched our research team razzle and dazzle the client. Our team of SH and SH was great. They knocked it out of the ballpark and frankly in my mind couldn’t have done anything better. We had a terrific methodology, a great research plan and they both answered all of the clients’ questions like champions.

Frankly I was–and still am–VERY proud of both of them.

Well we didn’t get the business. Our contact scheduled time with our team to review the reasons why we weren’t selected. Side note: don’t we all wish clients would do that? How many times do you send a proposal and NEVER hear back from the client?

The bottom line for me was we not only tried our best, we really performed at a very high level but weren’t awarded the prize. Since we gave it our best, did everything we possibly could, I say "Sometimes it’s okay to come in second!"

  • Do you agree with that statement?
     
  • Do you have to win in everything you do?
     
  • What are some of the things you teach your kids about winning and losing?
     
  • Have you been proud of your team or yourself when you have come in second, third or beyond?

I look forward to reading your comments.

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Isn’t It All About . . . FOLLOW-UP?

Wednesday, October 21st, 2009

If you want to go to dinner and the movies with your friends, you need to make plans and then follow up to make sure it happens. If you want to play tennis or baseball you need to make some calls, coordinate everyone and follow up. If you go to a conference and meet a few prospects, in order to turn that into revenue and a new client you need to follow up. When you are in the middle of a client presentation and one of your contacts asks a question that you might not be 100% sure of the answer, you need to follow up in a timely fashion.  If not, your customer service will take a hit and frankly your contact will probably be unhappy.

To me it’s all about follow up. You interview for a job. Send a follow-up email/letter. You win a project . . . send a follow-up email/letter. You lose a project . . . the same thing should happen. Someone gave you a birthday present . . . Guess what? Follow up.

The question is, how is your follow-up?

  • Are you really good at it?
     
  • Do you have some best practices you could share?
     
  • Do you have friends that you make plans with and they never follow up and you never see them?
     
  • How do you feel when you give a gift and there isn’t any follow up?
     
  • How are your vendors/partners follow-up skills?

I look forward to reading your comments.

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Have You Been To Or Plan To Go To “The Shack?”

Monday, September 21st, 2009

Close your eyes and when you say or hear the words "The Shack", what comes to mind first? For me it is either Shaquille O’Neil or a greasy spoon restaurant at the beach–somewhere I would go wearing a bathing suit, no shirt, sandals and sun glasses. Well there is another meaning for The Shack. The Shack sells lots of stuff and the Shack just became the Shack very recently. Prior to being called the Shack, it was a company that was founded in 1921 close to 90 years ago as RadioShack.

I realize that over time things change and the word radio means less than it ever did. Yes technology in the past 90 years has exploded and come away from the traditional radio that my parents and their parents listened to music and ballgames on.

I won’t argue the name change. I don’t pretend to be a "name change guru" and perhaps they needed to change the name of the company.  But The Shack? A 4 billion dollar company with over 35,000 employees is called The Shack!

Maybe it’s just me, but I don’t get it.

I must admit I don’t shop there and can’t even remember the last time I was in one of their stores. So I might be missing something. I believe there is a Shack in one of my towns but it isn’t in an area that I go to often, so I never go in.

  • When you hear the word Shack what comes to mind?
     
  • What do you think of the new name?
     
  • Does it work for you?
     
  • What other names could they have gone with?
     
  • Did you shop at RadioShack?
     
  • Will you shop at The Shack?

I look forward to reading your comments.

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How Do You Stay On Top Of Your Game?

Friday, September 4th, 2009

Recently I was forwarded a great article (thanks G.A.) that was an interview with David Novak Chairman, Chief Executive and President of Yum! Brands.

The article discussed some of his business philosophy, bosses, lessons learned and his best interview question.

How do you stay on top of your game? To me I interpret that question to be how do you get better at what you do? How do you know what is happening in your industry? How do you become more relevant with your clients?

I thought this was a great question and one that I have already started using when I interview candidates.

For me I try to get better at something every day. I try and read a number of articles and subscribe to online newsletters that are relevant. I also make it a point to attend industry sessions that give me a chance to hear what experts think about a particular subject and keep in touch with many contacts in the industry to keep my hand on the pulse of the industry.

But now it is your turn to answer the question:

How do you stay on top of your game?

I look forward to reading your comments.

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