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With over 25 years of frontline experience Tom Shay is America's leading small business management expert. He's a "Must Have" for your next event.

The Emblem of a Business
How the owner or manager is symbolic of the business

In your mind, picture the automobile that rides comfortably, has smooth lines inside and out that give the appearance of superb design and workmanship, with doors that close with a solid sound.  On the hood of the car is a metal emblem.  It is a circle, which is divided into three equal pie slices. You know immediately that this is a Mercedes.

If you have not ridden in the car, or closely examined the construction of the car, you might not know of the features. Except for the emblem. The emblem is there for everyone to see.  And upon seeing the hood emblem, you expect the features to be there.  In the automobile industry, this emblem is symbolic of quality and value.

There is a similarity between the Mercedes and some businesses. In some businesses, the owner or manager is the hood ornament.  This person represents the quality that you know is in the automobile. There are many team players that are performing the various tasks that are required to reach the destination, but the owner or manager is the emblem of the quality.

When this writer was in college, I had an opportunity to work part time in a small chain of men's clothing store.  Shortly after starting there the store got a new manager who was the grandson of the founder of the stores.

It was always interesting and exciting to watch him in the store.  Unlike the manager before him, he seemed to take privileges that his predecessor did not have or use.  He would wander in about mid-morning, take long lunches, and frequently leave before closing time.  The vacuum cleaner or carpet rake was never in his hand. This aspect of him was obviously not a good symbol to his staff.

He had a wardrobe that was the envy of everyone.  We were so impressed by the ties that he wore.  And when we asked about them, he explained that the home store was located in a higher income mall, and that is where the ties came from.   We convinced him to add them to our selection and we made them sell.

From the point of being a master salesperson, he was an emblem in a very different way.  When he was on the sales floor, he had a technique that was so impressive that any young salesman would want to duplicate.  And from this, he gathered a following of loyal customers.  There are no occasions that I can remember when he had a bad experience with a customer.

It seems to be human nature that there will always be a group of customers who need to have the owner take care of their needs.  And there is an even larger group of people that have a need to at least know the owner or manager. 

Watching other businesses, those owners or managers that cast that distinct appearance as being the emblem of the company seem to have successful stores.  Customers seem to enjoy being in their store. 

Many of these owners make a point to present themselves very well to everyone.  These emit a radiance that customers detect and appreciate as he, or she, is present on the sales floor. 

Whether the customer is an individual of obvious wealth or a struggling blue collar worker, this owner seems to be able to adapt himself to the customer and the situation surrounding their needs of the day.  When necessary, he is very adept at passing a customer to one of the employees if time does not allow him to work with the customer as he might prefer.

These owners and managers are known in their communities.  Frequently, it is because they have been active in civic associations, or community projects.  They don't have to necessarily be the leader of the organization, but people associate the owner with his business.  Sometimes, it is partially because when he is in public, such as a restaurant, he makes a point to say hello to everyone he recognizes - whether or not he knows them by name.

One of the signs that we might generally expect to associate with this position is that of obvious wealth.  It seems, whatever wealth the owner may have, it is not flaunted.  The wealth that attracts folks to this person, is the warmth of the personality and the image of a wealth of knowledge.

Many people reading this will probably think of individuals that they know that fit this description. It is a trait that frequently helps to give a store its' identity. And it is identity, along with several other traits, such as appearance, pricing, display, and convenience that helps a store to compete against the big boxes.

And as all owners are an emblem of their business, why kind of emblem are you?

 

 

 

 

 

 

MAY 2024
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Small Business

AdvisorieS

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.

Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

 

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.


Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.