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Casual Articles - Successful Business Relationships
Options for Document Storage on Microfilm your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own.Digital images stored on computer servers is currently the low-cost solution for storing documents. However, that has not always been the case. For decades, microfilm was the storage media of choice. Today many companies still have large libraries of microfilm.Over the years, many different types of microfilm have been used to store records.- Roll Film - Documents are stored on 16 mm rolls.- Microfiche - 7 rows of 14 images per sheet of film about 4 by 6 inches.- Jacket microfiche - Similar to microfiche but the strips representing You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., Use Custom Automation Of Your Spreadsheet Reports To Drive Down Costs And Increase Your Profits Successful business relationships are based on Value, Competence, Trust, and Propriety.Who Needs To Read This Article?You will find this article of considerable reading value, if you belong to at least ONE of the following spreadsheet user categories: Owners of Small Businesses - Restaurants/Bars, Hotels, Hospitals, Factories, Consultants etc; Decision Makers/Job Holders in Corporations - Materials Managers, Sales/Marketing Analysts, Financial Analysts/Accountants, Project Engineers; And Anyone desiring to make BETTER sense - and use - of data!Spreadsheet Automation Facilitates EFFORTLESS Data Handling, Analysis & Report Value Value: The customer’s perception of your worth, excellence, usefulness, or importance. Value addresses the customer’s question, “What can this person or company do for me?” Value can be articulated by explicitly answering these questions throughout the sales cycle: • How much? (what the customer can expect to gain by doing business with you — in increased sales, lower costs, etc.) • How soon? (when the customer will be able to receive the value) • How sure? (proof that the customer will in fact attain the value stated) Provide norms for the customer so that there is little question of what the customer can expect from you: “We have a track record of providing a 15% cost savings and 90% product availability within 2 days of order.” What are norms that your customers can expect you to live up to? Remember, it is YOUR job to tell your customers what value they can expect — customers shouldn’t have to work to figure out the value themselves. If you don’t explicitly quantify the value your customer can expect to receive — and your competition may be doing this work for your customer — who is going to win the sale? Competence Competence: The customer’s perception of your skill, knowledge, and experience with respect to them or their business. Competence addresses the customer’s question, “Can this person or company do what they say they can do?” Competence is demonstrated by the following: • Completing and implementing an organized and logical sales approach • Conveying an understanding of the customer and their business • Demonstrating research and knowledge • Substantiating your capabilities • Involving team members appropriately and on a timely basis The perception of competence is gained over time. As you work these guidelines into your approach to your customers, you will gain credibility and enhance your business relationships. Trust Trust: The customer’s confidence in your integrity, ability, and intent. Trust addresses the customer’s question, “Do I trust this person?” Trust is demonstrated by the following: • Using third party introductions • Providing a letter of recommendation (objective references help build credibility) • Displaying honesty, candor, empathy, and respect (show that you’ve done your homework, show a concern for their time and issues) • Conveying win/win intent (concern for positive outcome/success for both parties) • Above all, substantiate with action: o Establish a track record of follow-through o Set new norms (guidelines for expected behavior that are agreed to and that can be counted on) Propriety Propriety: The customer’s perception of the appropriateness or properness of your actions with respect to them or their business. Propriety addresses the customer’s question, “Is this person behaving properly or appropriately?” Part of exhibiting propriety is in the way you present yourself. Over half of others’ perceptions of you is based — at least initially — on your appearance. Therefore, take care in your physical appearance, mannerisms, vocabulary, and business etiquette. If your first “appearances” occur on the phone, pay special attention to your tone, enthusiasm, and vocabulary. A second, critical part of demonstrating propriety involves your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own. You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., a Top Ten Tips for Book Titles that Sell Well p>A clever title is great if it is clear, but a clear title is always preferable. The best? A clear and clever title. A shorter title is better than a longer one. Your reader will spend only four-eight seconds on the cover. While some long titles have succeeded, usually the shorter, the better.A title is part of your book's front cover. Busy buyers including bookstore buyers, wholesalers, distributors and your audiences buy mainly because of the cover. Dan Poynter, author of Writing Nonfiction, says, "The package outside sells the product inside." Make your cover sizzle.< What are norms that your customers can expect you to live up to? Remember, it is YOUR job to tell your customers what value they can expect — customers shouldn’t have to work to figure out the value themselves. If you don’t explicitly quantify the value your customer can expect to receive — and your competition may be doing this work for your customer — who is going to win the sale? Competence Competence: The customer’s perception of your skill, knowledge, and experience with respect to them or their business. Competence addresses the customer’s question, “Can this person or company do what they say they can do?” Competence is demonstrated by the following: • Completing and implementing an organized and logical sales approach • Conveying an understanding of the customer and their business • Demonstrating research and knowledge • Substantiating your capabilities • Involving team members appropriately and on a timely basis The perception of competence is gained over time. As you work these guidelines into your approach to your customers, you will gain credibility and enhance your business relationships. Trust Trust: The customer’s confidence in your integrity, ability, and intent. Trust addresses the customer’s question, “Do I trust this person?” Trust is demonstrated by the following: • Using third party introductions • Providing a letter of recommendation (objective references help build credibility) • Displaying honesty, candor, empathy, and respect (show that you’ve done your homework, show a concern for their time and issues) • Conveying win/win intent (concern for positive outcome/success for both parties) • Above all, substantiate with action: o Establish a track record of follow-through o Set new norms (guidelines for expected behavior that are agreed to and that can be counted on) Propriety Propriety: The customer’s perception of the appropriateness or properness of your actions with respect to them or their business. Propriety addresses the customer’s question, “Is this person behaving properly or appropriately?” Part of exhibiting propriety is in the way you present yourself. Over half of others’ perceptions of you is based — at least initially — on your appearance. Therefore, take care in your physical appearance, mannerisms, vocabulary, and business etiquette. If your first “appearances” occur on the phone, pay special attention to your tone, enthusiasm, and vocabulary. A second, critical part of demonstrating propriety involves your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own. You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., Going Public: The Four Categories of Cost owledgeThe costs to go public via direct public offering varies substantially with the type of company, size and complexity. The four major costs include:1. The accounting fees: When a private company goes public, they must obtain financial audits. These audits are incorporated into a registration statement that is subsequently filed with the United States Securities and Exchange Commission.The cost of financial audits have a significant range. There are several factors that influence the cost of financial audits: a) are the corporate books and records organized?< • Substantiating your capabilities • Involving team members appropriately and on a timely basis The perception of competence is gained over time. As you work these guidelines into your approach to your customers, you will gain credibility and enhance your business relationships. Trust Trust: The customer’s confidence in your integrity, ability, and intent. Trust addresses the customer’s question, “Do I trust this person?” Trust is demonstrated by the following: • Using third party introductions • Providing a letter of recommendation (objective references help build credibility) • Displaying honesty, candor, empathy, and respect (show that you’ve done your homework, show a concern for their time and issues) • Conveying win/win intent (concern for positive outcome/success for both parties) • Above all, substantiate with action: o Establish a track record of follow-through o Set new norms (guidelines for expected behavior that are agreed to and that can be counted on) Propriety Propriety: The customer’s perception of the appropriateness or properness of your actions with respect to them or their business. Propriety addresses the customer’s question, “Is this person behaving properly or appropriately?” Part of exhibiting propriety is in the way you present yourself. Over half of others’ perceptions of you is based — at least initially — on your appearance. Therefore, take care in your physical appearance, mannerisms, vocabulary, and business etiquette. If your first “appearances” occur on the phone, pay special attention to your tone, enthusiasm, and vocabulary. A second, critical part of demonstrating propriety involves your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own. You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., Vending Machine Sales - Can Be Profitable ve all, substantiate with action:A lot of people are thinking that money is difficult to make in vending machines business sales or the profit is not high enough. Actually the sales of the machine greatly depends on its use and where you put it. You will need a business license or a permit in order to put your vending machine on the right location.The start up price for businesses such as in the vending machine field differs depending on the kind of vending machine that will be used. In most cases, people normally start with a single or two small machines like the candy vending machines.These machin o Establish a track record of follow-through o Set new norms (guidelines for expected behavior that are agreed to and that can be counted on) Propriety Propriety: The customer’s perception of the appropriateness or properness of your actions with respect to them or their business. Propriety addresses the customer’s question, “Is this person behaving properly or appropriately?” Part of exhibiting propriety is in the way you present yourself. Over half of others’ perceptions of you is based — at least initially — on your appearance. Therefore, take care in your physical appearance, mannerisms, vocabulary, and business etiquette. If your first “appearances” occur on the phone, pay special attention to your tone, enthusiasm, and vocabulary. A second, critical part of demonstrating propriety involves your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own. You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., Business Incorporation Explained your adaptability to other people. In business, the Golden Rule — “Do unto others as you would have them do unto you” — is usually inappropriate. In fact, if you treat others as you want to be treated, you may end up ignoring their needs, wants, and expectations, which may be completely different from your own.Business incorporation is a form of legal arrangement open to any business. There are advantages and disadvantages to the corporate form of business which is why you need to consult with your lawyer and accountant to determine if incorporation is the form that you require. The differences refer to liability and taxes. The profits of a corporation are taxed at the corporate profits tax rate. The part of corporate profits that the stockholder, or owner, receives is called dividends. The stockholder pays taxes on the dividends at the individual tax rate. Therefore, dividends ar You must be astute enough to recognize others’ needs, wants, and expectations AND you must be flexible enough to treat people the way they want to be treated. Relate to your customers in a way that makes them feel most comfortable. This decreases “relationship tension” and increases trust, credibility, cooperation, and the commitment to work with you. Build your business relationships — and your future — by focusing on these critical elements of Value, Competence, Trust, and Propriety. Terence R. Traut is the president of Entelechy, Inc., a company that helps organizations unlock the potential of their people through customized training programs in the areas of sales, management, customer service, and training. Terence can be reached at 603-424-1237 or ttraut@unlockit.com. Check out Entelechy's website at www.unlockit.com.
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