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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.

Profits_Plus Solutions
January 2007
Volume 8 Issue 2



Article of the Month

Team Talk

The article of the month ties in with the story in this month's business advisory. It talks about the techniques we should be using to engage our customers in conversation. Click on Article of the Month to view and read this article.

Book of the Month

The On-Purpose Business
by Kevin McCarthy

This past year a person made this comment during one of my presentations, "After 30 years in the business, I can't be expected to be excited about what I do."

This book will show you how to solve that challenge. Without changing, it will seem like an eternity until you retire. Here is how to put more purpose back in the business.

We have more books to suggest for your reading. Click on Book Referral to visit this page on our site.

 

Contact Us:

Profits Plus
P.O. Box 128
Dardanelle, AR
72834 USA
(727) 823-7205 Voice
(727) 898-3179 Fax



Business Advisory

Gina from Plymouth, MN.

By Florida standards it was a cold weekend when we visited Plymouth, Minnesota last October. From the hotel we were staying in, it was a good long walk to the nearby Starbucks. We weren't the only customers, but the staff did say hello as we walked in. There was this one young lady that was very engaging. She not only took the drink order, but she took the extra time to find out about us. She asked questions about the St. Louis Cardinals jacket I was wearing. When she found out we were visiting the area, she went into detail to tell us about the area.

In a humorous way, she told us about the area. She would say, "Don't 'cha know?" And explain that this was one of the many local expressions. Because of her outgoing personality, we made an extra effort to visit the shop several times. It was not so much for the drink as it was for the opportunity to have fun and be entertained by Gina.

Do you have anyone like that working for you? We should all try to be more like this. And if you are in Plymouth, Minnesota please stop by the Starbucks on Campus Drive and ask for Gina.

Internet Tip of The Month

Return on Investment

If you are going to put some money into some form of investment, surely one of the first questions you will ask is with regard to what the return will be on your investment. Yet, when we have a business, we invest a lot of money in fixtures, inventory, equipment and sometimes a building. But for some reason after we make that initial outlay, we fail to check to see if that money invested in our business is giving us a good return on our money.

Take a look at this calculator to see how your money is working for you. Click on this link to visit this page: Return on Investment

The Power Promoting Idea of the Month

"January Coupon" Sale

It seems that all the world thinks January is one big clearance sale. If this is the situation with your business and you have decided to participate, here is a great way to get rid of a lot of miscellaneous items - those too numerous to mention and too few to list in your advertising. First, create a "January Coupon" table that is in a prominent place in your business. Don't forget to create some appropriate signage for the table. Second, retag all the merchandise you are putting on the "January Coupon" table to full price.

As a customer purchases regular price merchandise from throughout your shop, give them one of your "January coupons", good on their next trip in. The coupon should be for a certain percentage off of the original price of anything on the "January coupon" table. You should expect this will have to be a sizable discount, and you should be glad to get rid of this merchandise that did not move during the Christmas holidays.

 

 

 

 

 

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Tom Shay
PO Box 128
Dardanelle, AR 72834

(727)823-7205

JANUARY 2025
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Small Business

AdvisorieS

As we write the January Small Business News, we notice the announcements by Big Lots and Party City that they are closing all their stores. Is this a concern for the overall economy? Or, is it two businesses that should have rethought who their target customer is?

Small Business

NewS

Top Story

Is there a feeling of contentment or achievement in your business? We use the examples of two businesses that seem to have been demonstrating they are content in what they are doing? Which way is your business headed?

Article of the Month

Many businesses think margin is the key factor when determining how they price their products or services. The article of the month has a couple of additional factors for you to consider. After all it is about the money you keep.


Book of the Month

Shark Tales by by Barbara Corcoran and Bruce Littlefield. If you are a television watcher, you may have seen Barbara Corcoran on Shark Tank. This is the story of how she progressed from waitress to selling her initial business for $66 million.

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

As we write the January Small Business News, we notice the announcements by Big Lots and Party City that they are closing all their stores. Is this a concern for the overall economy? Or, is it two businesses that should have rethought who their target customer is?

Small Business

News

 

Top Story

Is there a feeling of contentment or achievement in your business? We use the examples of two businesses that seem to have been demonstrating they are content in what they are doing? Which way is your business headed?


Article of the Month

Many businesses think margin is the key factor when determining how they price their products or services. The article of the month has a couple of additional factors for you to consider. After all it is about the money you keep.


Book of the Month

Shark Tales by by Barbara Corcoran and Bruce Littlefield. If you are a television watcher, you may have seen Barbara Corcoran on Shark Tank. This is the story of how she progressed from waitress to selling her initial business for $66 million.