You have contingency plans in place for when things go wrong, but what will you do when things go right – or better than right? What will you do when your performance exceeds your expectations? Companies that experience rapid and unexpected growth often stumble. Here’s how to be sure that doesn’t happen to you: [...]
Business is about relationships, and relationships begin with introductions. The good news is that the old social rules about gender and age don't apply to effective introductions in today's online and offline business world. These days, it's all based on precedence. In other words, rank rates. When you perform an introduction, the "less important" [...]
Earlier this week, I attended Spark and Hustle, a conference targeted to women business owners created by Tory Johnson. The speakers were high-energy with great stories and valuable information and ideas. The attendees were primarily women entrepreneurs who were there to get ideas and strategies for their businesses. Tory is on a 20-city tour, so [...]
To create an effective marketing campaign that will drive growth in your company, you have to know your customer -- and that sounds a lot easier than it is. There are two angles to the issue of knowing your customer. 1. Have a clear picture of your prospective customers. 2. Have a clear picture of [...]
Last November, I went to small claims court and sued a lawyer for non-payment. After some wrangling, we settled with both of us feeling ripped off. In retrospect, we could have avoided all the ugliness – and perhaps even still be working together – if we had written and both signed a contract that [...]
Ever had a customer whose nuisance value exceeded his profit potential? Or who demanded champagne service at beer prices? The fact is that some customers just aren't worth it -- but how do you deal with such a situation? The first step is recognizing that the relationship needs to end. Some of the signs [...]
The last few years have seen a lot of business reorganization driven by the recession and an economy that is still struggling. An instinctive reaction to tough times is to cut, and to grow when times are good. But that may not be the best strategy for your company. If your organization is not [...]
If you extend credit to your customers, how long has it been since you’ve done a credit check on your accounts? If it’s been more than a year, it’s been too long. You may know that JK Harris & Co. was my client (I was the ghostwriter for JK Harris’ books Flashpoint, Sales Flashpoint, and [...]
Businesses lose millions of dollars each year due to unscheduled absenteeism. The most-cited reason for last-minute absences is family issues, followed by personal illness, personal needs, stress, and an entitlement mentality. When an employee is unexpectedly absent, you have to pay direct costs (the salary or wages paid to absent employees) and indirect costs [...]
A few days ago, the writer of an op-ed piece in the local paper said that we needed to get "corporate money" out of politics and suggested that the way to do that was through legislation. I disagree. We've got plenty of laws. We don't need any more of them. (Although I wouldn't oppose a [...]
