A telco survival guide
The interview took place in the early summer, so some of my viewpoints have since shifted and I'll discuss them on a later post.
~the GURU
The key to further, smart, cost reductions is to recognize the fact that, in general, companies spend too much on IT because they are unwilling to say "no" to IT-related requests. The path of least resistance seems to rule the day: Too many projects are funded, too many die a slow death, too much technology is procured, too many quality defects are tolerated, and users require too much hand holding.Through my experience to date, a lot of businesses shut down IT projects/management without looking at what the project's goals are. A great example, your stressed out and over-stretched IT guy manages everything from email/spam management, security processes, phone systems, routers, network management, bandwidth allocation, data management, and puts out all the fires your fellow employees create. Now, any IT guru will say the problems they deal with the most is the nagging processes... email/spam. This results in the IT guy not being able to focus his efforts elsewhere. Imagine if you could pay your service provider to MANAGE your email/spam filters for you?! Your IT guy would thank you and he could focus on solving and creating solutions your business is facing. This project would not suffer a slow death. But, too many businesses are scared to let go of these projects because they are stuck on the idea they have to manage everything for it to work. Take off one of the hats you wear and give it to someone else.
Business Owners are always running around, mobility is a person’s RSS Feed to their business.
“If fuel goes any higher, nobody will be flying -- it really and truly is scary. We're just going to have to come up with something else."--Colleen Barrett, president of Southwest Airlines
Approved Publications Inc. Vancouver, British Columbia 2005.
By The Small Biz. Guru, Zane Schweer
It is 3:11am. He just downed his seventh cup of coffee. The dog is speaking French and the significant other is threatening to walk out… again. Yet, the ever-persistent entrepreneur and/or business owner is awake, plotting, and creating a business to make his/her dream a reality. However, these late night sessions could be just a waste of time unless this visionary develops a sound design and plan to make his idea a reality. This is where Michael Schell, CEO and President of the Approved Group of Companies comes to rescue the bleary eyed business hopeful. Having twenty-plus years in business-to-business sales, Michael Schell and his team surveyed 228 buyers, conducted 330 interviews, and recorded the answers to 4,327 questions with the hopes of developing an easy-to-understand, basic platform to build one’s business. This book is different from others in that it is written from the perspective of the customer.
An emerging businessman can develop a service or product that solves all the problems plaguing a particular market, but if the proper foundation is not established, appropriate clients not targeted, and proper business professionalism not exhibited, the venture is destined to perish. The Customer Approved Small Business is based on numerous business secrets that revolve around the foundation of solid business practices, development of new business, and how to tie it all together.
The forward focuses on the fact that clients in today’s markets are less likely to show loyalty to one business. People go where the overall experience and service meets and exceeds expectations. Therefore, the importance of listening to the customer and curtailing the business model to embrace that premise is critical. Let us not forget that there is a sixty percent rate of failure for a business in its first five years. So, Schell stresses the idea of “measure twice, cut once” and “plan, plan, then execute”. Thus, I decided to refer to this book as a manual/handbook because it gives great instructions and helpful tools to begin to build a well-functioning business that evolves to the volatile market-place.
This manual plunges into building a business foundation. The foundation is built upon ensuring operational efficiency and effectiveness. Schell believes this is achieved by developing manuals (processes, job descriptions, missions). Well written handbooks help to avoid confusion as a business grows and, inevitably, becomes more complex. Thus, it helps to avoid the development of the “micro manager”. We have all had them and the strain they impose in the workplace environment is detrimental to overall goals. Mr. Schell gives tips on how to standardize each process and effectively eliminate the guess work. However, I do feel that a smaller business at the onset should not have as strict predefined roles. Most of the time, smaller businesses have employees that deal with numerous areas in the business and restricting them to specific roles may do more harm than good. While Mr. Schell believes (and rightly so) the ultimate goal of developing manuals is to withstand turn over and, thereby, maintaining stability in business practices.
As the book progresses, Schell examines the development of new business. Whether it is building the prospect database (industries, contacts, locations, etc), cultivating strategies to influence the decision makers, creating ISPS (industry specific positing statements), or telling us, the readers, what not to do during that initial sales call, he provides useful tips that every businessman/woman should know.
A serious pitfall for eager salespeople is to try to make a sale on the first call. I strongly agree. For a business to be “customer approved” according to this book, it is all about developing relationships and showing respect for a potential client’s time. Concentrate on providing a solution that meets the needs of the potential new purchaser. Sales will follow.
Understanding that the first 30 seconds of a call or meeting can make or break one’s success / clinching business, Schell provides tips on ways to The Customer Approved Small Business gives great examples of ways to write opening statements, primary reason statements, and key point statements because those initial thirty-seconds of a call or meeting make or break any hopes of success. As a business continues to grow and hire more employees, having this book as a resource gives the “newbies” a great way to draft their own statements instead of some cookie-cutter elongated paragraph. Getting a new-hire up to speed as quickly as possible increases the opportunity for profitability. I wish I was given this book when I started my job.
The most important sections in this book are the chapters honed in on planning and organizing meetings, developing an overall organization’s structure, and the “What the Buyers Say” sections. The “What the Buyers Say” is spread throughout the book. These tid-bits are notes and comments from business owners themselves regarding how they like to be approached and how they ultimately decide who earns their business. In addition, there are survey percentages given in regards to how many businesses put into practice certain ideas and the average rating of importance. For example, “I prefer to be asked for a moment of my time, but only about 20% of representatives do it” (Schell, pg 33). This was in reference to sales calls. These tid-bits scattered throughout the book are to re-enforce the theme of respecting client’s time and showing the ideal ways to conduct business.
As organization is one of the lifelines to a successful business, Schell gives concrete advice on how to create structure within the business, increase effectiveness of meetings, phone calls, mission statements, and ways to position oneself as an expert in the respective industry. In particular, the sections on developing an agenda before meetings to maximize time and guidelines for conducting follow up phone calls/meetings are excellent templates for anyone starting out or a seasoned veteran looking to fine tune.
Overall, The Customer Approved Small Business does a great job providing advice on laying a sound foundation through the use of manuals, processes, people, and plans. Then, Schell leads the business owner on how to take those plans and ideas and organize them, develop strong mission statements, and adapt to the ever changing business environment. Receiving tips from professionals who actually interact and make decisions based on what they have experienced gives this book an added bonus. The commentary and survey results help guide any start-up business in the right direction. At the end of the day, 60% of all entrepreneurs who set out to fulfill their dreams fail within in the first five years. This book will not save the business owner, but it does harness key knowledge that will ignite the spark that will hopefully burst into full-fledge flames.
The Bottom Line on Printer Inks
Depending on your printer, you may be able to find cheaper, third-party inks that perform as well as or better than the brand-name stuff. In our study we found that third-party ink cartridges usually cost less and often yielded more prints than their manufacturer-made rivals. On the other hand, in most cases, we confirmed the printer manufacturers' claims that their own inks produce better-looking images.
Deciding between brand-name and third-party alternatives depends in part on how you plan to use your prints. If you want high-quality color photos that future generations will be able to enjoy, then OEM inks are usually a better choice.
Many of us, however, don't need the best ink supplies that money can buy. If your prints tend to be for one-time-only office presentations, text documents for school, or temporary color images (such as plain-paper photos), inks from third-party supplies may be a reasonable cost-saving option. And over the lifetime of your printer, cost savings from buying third-party inks can be considerable.
"In good times, the challenge is how to spend the money wisely; and in bad times, the challenge also is how to spend the money wisely."
but companies that utilize IT to attack and resolve business inefficiencies have more than just "15 minutes of IT fame."A sand trap many businesses fall into are getting caught up with "buzz words" and not really seeing how the applications can benefit their business. They buy the product, not the solution. We can thank the salespeople that strive for the quick sale and not the long-term success.
If you really think about it, airlines could become a electronics/small articlesTo top things off, you can use your Frequent Flyer Miles on the auctions too! Talk about an added bonus for flying with your carrier of choice.
of clothing store
Yikes! That is not good and is now a serious consequence of the renegade employees. The article mentions that the affected parties do not believe Lending Tree took adequate action to protect their information, which they may not have. I wish more details were given, but I'm going off of what I have access to.Garcia bought a copy of his credit report almost immediately after that and found that his information had been reviewed by nearly a dozen lenders without his permission, severely affecting his credit score, the complaint said.
Why DSL may not be for You
Overall, the creation of DSL allowed a lot of business to have internet connectivity and not have to buy all new equipment or wiring. All that really has to occur is the purchase of a router and informing your service provider you need connectivity. While there are some downsides to DSL and of course the great debate of cable vs. DSL (another time, I don't have the strength), DSL is a sound investment that provides businesses with basic reliable internet connectivity.
Ahead of the Bell: Phantom Telephone Traffic
04/22/2008 3:12 PM ETA Senate committee on Wednesday will review concerns among some telephone companies over not being able to bill for traffic over their networks because the calls can't be identified.
The Senate Commerce, Science and Transportation Committee on Monday will examine the scope and size of such "phantom traffic."
Telephone companies recover part of their operating costs by charging other carriers a fee for delivering traffic over their networks. But if companies can't identify a call or where it originated from, they can't bill for it. By law, carriers are required to put all calls through in case of an emergency.
It's unclear how widespread phantom traffic is or how much it's costing telephone companies, especially rural ones. Some say the problem will only get worse as more people use software to make calls through their computers.
Among the witnesses scheduled for the hearing include Charles McKee, director of government affairs for Sprint Nextel Corp., and Larry Sarjeant, a vice president at Qwest Communications International Inc.
The hearing is scheduled for 2:30 p.m. EDT.
So, the present situation today is:
Randle left with a skeleton crew, limited funds, no r&d resources, nor marketing.
Now let's do a little analyzing here:
Synoran thought they had struck gold. They had a product/service that could reduce costs, streamline processes, and take the load off of employee workload. But, timing is everything and they were off. Not only was timing off, it seems they expected for the product to sell itself. And we all know, you have to put in the sweat and tears to reach success... oh yea, and have a sales force.
A business needs employees knocking on company doors, making calls, building PR, and raising awareness in the communities. Unless a business is very well connected, building a foundation takes a lot of time. I have spent almost 10 months building my foundation and I feel that I am still a ways off and I'm glad. I am doing the grunt work, fortifying my long term success because that is what it all comes down to... long term success and have an invincible foundation. I do not give it to the short-term mumbo-jumbo.
Synoran is down to a skeleton crew, barely a sales force, no resources, and moving into an industry where the competition is so fierce and the time-line is so long a battle of attrition is the main factor. I love under dog stories and stories of businesses that went against all odds, but this may be much bigger than simply David vs. Goliath.
Good luck Synoran, good luck.
~the GURU
"We don't have anything to lose," Rodgers, 45, said. "If we're unsuccessful, at
least we did something different from what we've already tried."
Rodgers strikes a very good point. Now, first off, if things were bad for a couple months, I would not totally agree with this mindset, but after three years of no-such-luck, this is great. "If we're unsuccessful, at least we did something different.." While Rodgers is not in the real estate business, her next move was something successful business owners embrace, making lemonade out of lemons.
I mean, with statistics like these:
The glut has battered sales volume and prices. Sales of existing homes dropped
to the slowest pace on record in January, with the median price sliding to
$201,100. New home sales in January also fell to the slowest rate in nearly 13
years and the median price tumbled to the lowest level in more than three years.
What is someone to do who wants to be successful? Dwell in pity and blame everyone else? Heck no, they do something so crazy that it just might work. I mean, instead of tearing away from a loaf of bread, someone decided to slice it up!
As I would simply love to dive into my opinions of the housing industry. *Quick Glimpse* Basically, building ugly, cheap, waste of resource, cookie-cutter homes is ruining the industry and desensitizing our tastes in homes. I am originally from New England and growing up with colonial inspired homes is amazing. Meanwhile, my current neck of the woods has cheap homes popping up everywhere.~The GURU
(Happy Easter)
Who wants a Day-Quil stain on that proposal??!