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Archive - 2015

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1
Create systems for better customer service
2
10 Business Opportunities in good or bad times
3
Don’t leave a seminar without taking at least one action!
4
10 Business Survival Strategies in Difficult Times
5
Doing things for yourself

Create systems for better customer service

Have you ever received truly exceptional customer service? What was it like and why did you think it was exceptional customer service?

Each experience is different but I bet you can tick off a couple of common characteristics in what happened:-

  • You felt individual attention
  • You felt that every detail of the service or product was meant for your satisfaction
  • You felt that whatever you received was timely
  • You felt that you not only got the product or service, you got that extra something that accompanied it.

Am I right?

Firstly do you see it is about what you felt? Exceptional customer service is not only about the quality of the box you bought, it is about how you felt during the transaction.

Secondly it is about “extras” – and these need not be something tangible like a bonus product. In customer service “extra” is about listening to you as an individual and perhaps providing nothing more extra than a courteous word.

Yet people also get it wrong don’t they? For every instance of exceptional service I would bet you have 10 examples of poor service.

If only every business realised that excellent customer service is not about spending more money or even putting in more effort – it’s about being consistent and predictable in what you offer. That’s it! Consistency and predictability!

Watch this video to see why you should implement simple systems that create excellent customer service.

Now let’s get back to how you should make your customers feel and how that can be done with some simple systems.

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10 Business Opportunities in good or bad times

A couple of weeks ago I wrote about 10 business survival strategies in difficult times.

I received a ton of email telling me that you guys are actually having it good out there!

John from Sydney said that his office design business had never seen it so good! Peta, also from Sydney, said that while she did see ups and downs the sales in her online home-wares business was growing steadily. Anne and Peter told me that their cafe in Adelaide hit a rough patch last year but they seem to be recovering now. From London, Geoff who runs a house-clearance company (Steptoe and Sons?) says that with a little smart management he has maintained his sales while reducing costs.

That’s great!

So I thought this week I’d “balance the books”. Here’s a video about 10 business improvement opportunities that you can take advantage of in good time (or bad – see, I’m hedging my bets).

These are 10 things you really should look to do whatever the economic climate – they just make sense if you want to make your business be more efficient, be more responsive, be more profitable, and grow.

  1. Improve your business position, whether physical (better location), market share or quality products;
  2. Look for opportunities to buy out your competitors or their equipment;
  3. Increase the quality of your employees;
  4. Reorganise your finance facilities;
  5. Renegotiate property leases;
  6. Increase margins (by increasing quality and service);
  7. Eliminate unprofitable business segments or products;
  8. Restructure and reorganise operations for more efficiency or customer-responsiveness;
  9. Reorganise your office – put in more efficient systems to save time and cost;
  10. Review your long term personal goals.

OK people, send me more email about how you’re going! I love getting your ideas and your stories.

Or, if you don’t mind sharing, get over to https://teikoh.com and leave a comment. While you’re there, or click here to subscribe to our newsletter and receive great valuable tips, tools and resources to grow your business.

Don’t leave a seminar without taking at least one action!

I’m sure that you’ve attended a seminar or webinar, watched an instructional video or presentation, and thought “wow, I really learned from that, I can really use some of that stuff!”

But be honest, have you?

My own principle is that if I walk away having learned one thing, it’s been a valuable experience – but only if I use that one thing!

So I impose a rule on myself – I never leave a seminar or training presentation without immediately taking at least one action.

I don’t care what that single action is – just do it – and you will find that it builds a momentum of its own and the next thing you know you’ll think of the next action.

It might be to make a call and discuss what you learned, it may be to make a change in your business, it may be to follow the training and map out a process to implement it on the back of an envelope – whatever it is take that action, then work out what the next action is and when you intend to do it.

This is the way to turn the value from attending a seminar to the value of using what you learned, otherwise it’s a waste of money. And before you start with your “yes, but” comments, I do realise that immediately after you leave the seminar you are likely to get back to ringing telephones and problems, but do you want to live in a world of problems or do you want to move to a world of improvement and growth? One small step leads to another and you’ll end up running to victory!

As usual the most exciting stuff happens now – let me know what you think, how do you make things happen? How do you get value from seminars? Get over to the website https://teikoh.com and leave a comment, or get over to our Facebook page Teik Oh Dot Com and leave a comment there.

And while you’re at it, how about subscribing to our newsletter here to get valuable but free tips, tools and resources to grow your business delivered directly to your inbox. Our subscribers get special free gifts from time to time with no – repeat NO – sales pitch!

10 Business Survival Strategies in Difficult Times

We are in uncertain times for business at the moment. The economy seems to do well one moment, at other times there is doom and gloom.

I’m not an economist, yet even I understand that despite some good signs there are fundamental economic indicators that are worrying, including interest rates, international GDP trends and unemployment. I’m a business owner just like you, and while I look after my business as best as I can, I do realise that there are things happening that is outside of my control.

However what is important is that we keep track of wider economic trends and see how they affect us, and, even more importantly, implement strategies that mitigate risk. So when I received an email last week from Sheryl, a follower of my blog, asking me what “common sense” things she should do to ensure that she was prepared for whatever might happen, I reached into my toolbox and pulled out 10 strategies that are useful in difficult times.

In over 30 years’ of consulting to business and other organisations, I have found that history often repeats itself. So why reinvent the wheel?

In this video I run through 10 business survival strategies for difficult times that are “common sense”, can be instigated now, and that I have seen work in other times of economic woe. Would you believe the first paper I wrote about these strategies was for a conference I presented to in 1987? Since then I have refined them at least three times as the world economy fluctuated over the last 28 years.

There’s no secret really – here they are again:-

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Doing things for yourself

When you are running a small business you are jack of all trades. You’re probably master of a few too!

I was discussing this with one of my clients (not a small business by any means!) and they were telling me about how they were using their in-house counsel in reviewing their tax structures.

“But wait,” I said, “Isn’t he a corporate lawyer?”

Yes they said but tax lawyers are extremely expensive and since they have him anyway, surely a lawyer is trained in reading the law and can read any legislation?

I see this so often in my consulting business, and not only amongst small businesses who need to ensure every dollar they spend is well spent. I see it also amongst my larger clients who think they should do everything in-house. There is a time and a place for doing things for yourself. But there is also a time and place to ensure you get the advice from someone outside who deals with the issues every day.

In the example of my client who was getting tax advice from their in-house corporate lawyer, I don’t mean to put down their lawyer, but there is a difference between his skill in reading tax legislation and the experience in tax legislation.

The difference between skill and experience is that one is learned while the other is gained. I’m sure you can read an Ikea instruction leaflet on how to put together a shelving unit with doors – you have the skill. But I’ll bet that you can’t put it together as fast and as cleanly as an experienced handyman – that’s because he has the experience of putting shelves together with power tools every day.

What does this mean for your business?

It’s only right that sometimes you should hire someone else to provide both the skill and the experience required for a task, the skill and experience that you don’t have.

However where you can you need to be engaged, to ensure that the consultant has all the facts they need in front of them. After all, nobody knows your business, and all its nuances better than yourself. The marriage of your knowledge and the skill and experience you buy in should provide you with the best outcome.

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