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Casual Articles - If You Don't Focus, Innovate and Evolve, You Die
New Career; Coffee Franchises something right.Have you considered a new career as a franchisee and possibly becoming self-employed? Have you looked at the various franchises available currently on the market? Well, no doubt you've probably thought about a coffee franchise and there are about seven different franchisors who sell coffee shop franchised outlets.Many of them are quite good even if you have dismal records and lots of failures. In other words many of their franchisees have gone out of business; sometimes as many as half of their franchisees.Indeed recently, I m But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Eval Don't Know What Motivates You? Think Back to When You Were a Kid After 128 years of business, a household word, Montgomery Wards, Inc., closed their doors forever and filed bankruptcy.You think that you should make a Career Change, but you are just not sure. You like your present job in Sales but you think that you might be happier as a Buyer. You’re confused. Or, you are going off to College and you don’t have a clue as to what to declare as your major. You are going into a rapid meltdown. No need for the confusion. Do not fear. Your solution is right inside your heart.No I don’t mean it’s between arteries or anything like that. Your answer is in your very being and it has been there since before birth. It became man With 258 stores and 28,000 employees in 30 states, Wards fell victim to competition from service-driven retailers like Wal-Mart, Home Depot and Circuit City. Wards claimed a "poor retail environment" for the failure. Interestingly, Wal-Mart and Home Depot didn't shut down. (Editorial sarcasm). Wards is a perfect example of a company that thought it was in the retail business and missed the fact they're in the service business. Perhaps they rested on their laurels. After all, 128 years in business is rather noteworthy in today's ever evolving economy. And clearly, size nor name recognition saved this organization from distinction. The 28,000 employees will soon be looking for work. Why? Because the organization missed the mark. They remained retailers when the competition had evolved to a more personal, service oriented approach. And I'm willing to bet that most of the employees are "stunned," "surprised," "confused". They thought the old way of doing business was just "fine". Perhaps this can be a wake up call for every business. What exactly does your business do? The quick answer is generally, "we make, manufacture, service the best darn 'Gismos' in the universe". The focus is on the "stuff". The focus needs to be on the outcome. Sure you might "make, manufacture, service the best darn Gismos in the universe" but if the end result isn't happy, satisfied customers who enthusiastically spend more of their money with you while telling friends, family and associates, you're destined for short term success, at best. Remember, Wards was in the "retail business". Now their inventory is being liquidated at 40% to 50% savings. A further wake up call might be on the horizon. If the U.S. economy moves toward a slow down, customers are going to be harder to find and still harder to keep. Following years of rapid growth, stunning sales with record profits, most organizations have felt little need to focus on customer retention, customer satisfaction, keeping customers, customer loyalty, customer service, customers for life or any of the current "service" mantras. In fact, talk to just about any executive and they'll tell you their organization is "committed" to customer loyalty. Give them a few more minutes and they're likely to brag about the level of service their organization is currently providing. And just look at the numbers-they must be doing something right. But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Evalu Company Logo Design: Rebrand Your Company With A Professional Logo Makeover is rather noteworthy in today's ever evolving economy. And clearly, size nor name recognition saved this organization from distinction.The logo design of a company is a crucial part of its brand building process. A logo can be termed as a visual representation of a company’s business domain that gradually becomes its identity with the course of time. It is this identity that helps the outer world to connect with the product and services of the company. An attractive company logo not only translates into brisk business but also attracts outside investments into the company. It takes years to build a strong brand logo, but what if you need to change the design of your logo to me The 28,000 employees will soon be looking for work. Why? Because the organization missed the mark. They remained retailers when the competition had evolved to a more personal, service oriented approach. And I'm willing to bet that most of the employees are "stunned," "surprised," "confused". They thought the old way of doing business was just "fine". Perhaps this can be a wake up call for every business. What exactly does your business do? The quick answer is generally, "we make, manufacture, service the best darn 'Gismos' in the universe". The focus is on the "stuff". The focus needs to be on the outcome. Sure you might "make, manufacture, service the best darn Gismos in the universe" but if the end result isn't happy, satisfied customers who enthusiastically spend more of their money with you while telling friends, family and associates, you're destined for short term success, at best. Remember, Wards was in the "retail business". Now their inventory is being liquidated at 40% to 50% savings. A further wake up call might be on the horizon. If the U.S. economy moves toward a slow down, customers are going to be harder to find and still harder to keep. Following years of rapid growth, stunning sales with record profits, most organizations have felt little need to focus on customer retention, customer satisfaction, keeping customers, customer loyalty, customer service, customers for life or any of the current "service" mantras. In fact, talk to just about any executive and they'll tell you their organization is "committed" to customer loyalty. Give them a few more minutes and they're likely to brag about the level of service their organization is currently providing. And just look at the numbers-they must be doing something right. But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Eval Boost Your Networking Opportunities ture, service the best darn 'Gismos' in the universe".A short and memorable web address will ensure that your new contacts can also locate you and be updated with your company’s developments.Always use your corporate email address when corresponding with your networks.Incorporate a blog (an online diary) in your corporate website and invite your networks to contribute to your comments.Profile your networks and provide free links back to their own websites.Join Networking online forums like OpenBC, LinkedIn and Ecademy etc.Join Trade Associations.Ensure tha The focus is on the "stuff". The focus needs to be on the outcome. Sure you might "make, manufacture, service the best darn Gismos in the universe" but if the end result isn't happy, satisfied customers who enthusiastically spend more of their money with you while telling friends, family and associates, you're destined for short term success, at best. Remember, Wards was in the "retail business". Now their inventory is being liquidated at 40% to 50% savings. A further wake up call might be on the horizon. If the U.S. economy moves toward a slow down, customers are going to be harder to find and still harder to keep. Following years of rapid growth, stunning sales with record profits, most organizations have felt little need to focus on customer retention, customer satisfaction, keeping customers, customer loyalty, customer service, customers for life or any of the current "service" mantras. In fact, talk to just about any executive and they'll tell you their organization is "committed" to customer loyalty. Give them a few more minutes and they're likely to brag about the level of service their organization is currently providing. And just look at the numbers-they must be doing something right. But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Eval How These Famous Entrepreneurs Can Teach and Inspire Us mers are going to be harder to find and still harder to keep. Following years of rapid growth, stunning sales with record profits, most organizations have felt little need to focus on customer retention, customer satisfaction, keeping customers, customer loyalty, customer service, customers for life or any of the current "service" mantras.Follow their methods to create your own fortune.What a privilege. Over the last weekend I attended an action packed Entrepreneurs Bootcamp on Internet and Direct Response Marketing.Do the names of these famous entrepreneurs mean anything to you?Ted Nicholas - Master author and copywriter, millionaire by age 25, multi millionaireYanik Silver - Brilliant Internet Marketer, multi millioniareArmand Morin - Search on Goolge and you will find his name on 744,000 pages! Multi millioniareDerek Gehl - Partner of In fact, talk to just about any executive and they'll tell you their organization is "committed" to customer loyalty. Give them a few more minutes and they're likely to brag about the level of service their organization is currently providing. And just look at the numbers-they must be doing something right. But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Eval Financing Structure Tips something right.Let us first examine the various parties involved in a financing transaction. On one side of the playing field there is the private company in the process of raising capital. On the other side there are the investors. Investors may include, family and friends, Angel Investors, Private Equity Firms (also known as Venture Capital Firms) and Hedge Funds.Keep in mind that negotiating a Financing Structure truly is an art. Your Management Team needs to think three steps ahead just like in a chess game. Although the majority of But just wait. The companies that spent the time to build and grow a powerful workforce with a focus on excellence and service will be light years ahead of the game as competition increases. In other words - "Good times can camouflage poor performance". So what's this mean to you and me? First, FOCUS, Re-Focus and continue to RE-Focus. What is your company in business to do? What role does your department play in the process? How can each player move performance to the next level? Keep answering and re-answering these core questions. Second, EVALUATE, Re-Evaluate and continue to RE-Evaluate. Take a hard look at the service offered by your company, your department, your team from the customers' eyes. Be on the lookout for opportunities to take performance to the next level. Evaluate opportunities to enhance performance internally with your important Trapeze Buddies - the people you count on most often to complete a task, function or provide you with information so you can get your job done. And never assume that "no news is good news". Your customers are talking - it just might not be to you. Third, INNOVATE, Re-Innovate and continue RE-Innovating. Buggy whips sold well in their day but if you're in the buggy whip business today, you're short on customers. Innovation is essential for continued, long-term growth. Look for innovation opportunities in the following areas: 1. Enhancing your core product or service; 2. Saving customers time or money; 3. Reducing customer's headaches and hassles; 4. Helping your customers gain a competitive advantage. The rules of the game keep changing but one universal truth is this: the job of every business is to attract and keep satisfied customers. Period. 2005 © Mark Rosenberger All rights reserved.
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