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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.

 

  e-ret@iler newsletter
May 2007
Volume 8 Issue 6

 

Profits_Plus Solutions
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Article of the Month

Second fiddle

Leonard Bernstein was asked what was the most difficult instrument to play in the orchestra. He answered, "Second fiddle". He did not mean the instrument. He meant that no one wanted to be the second person in charge. Click on Article of the Month to view and read this article.

 

Book of the Month

Marketing Your
Retail Store
by Bob & Susan Negen

Here is a new book by a couple that definitely know the retail business. This book is written in terms that small business people can definitely relate to.

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

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Business Advisory

May 10 is National Small Business Owner's Day - Just a quick reminder. Let's all celebrate.

These past couple of weeks I have been out shopping for a madras sport coat. What a challenge! There were two stores that I visited. I received the usual poor quality, "Can I help you?" and when I said what I was looking for, in both instances people responded with telling me they don't carry Madras brand clothing.

Wrong answer. Madras is not a brand. Madras is a very pretty multi-colored plaid material with the small fabric pieces sewn together.

In the first store, the person was rather irritated with me that I told him the difference in the two. The salesperson pointed out that they had worked in the industry for just over a year. In the second store, a much more experienced salesperson laughed very loud at their fellow salesperson.

The point? People in your business don't want to be ignorant. I have never met an employee in any business that preferred to be ignorant.

People do not come to work with the intent of disappointing you. That happens because we fail to engage them. And yes, I am still looking for my madras sportcoat.

Internet Tip of The Month

New Calculator: Personal productivity ratio

Personal productivity ratio is a calculation that tells you how well your staff is producing sales. However, it also includes the support staff of your business. As you calculate this ratio and track it, our suggestion is that you closely watch the amount of staff hours spent on non-sales people.

Go to this link to visit this page: Personal Productivity Ratio

The Power Promoting Idea of the Month

Show them what you do

On a trip to New York last week, we stopped in Europa Cafe; a neat and fun place to eat. What made it fun was watching the salad bar. You picked a container of the size and type of lettuce you wanted. The person behind the counter asked what you wanted in your salad and what type of dressing. You watched as they mixed, with a lot of flair, your customized salad.

How about your business? Do you do alterations? What about repairing items? Are you a florist? People like to do business in places that are exciting and you can make it more exciting by doing those things that are normally done out of sight, in a place where all your customers can watch.

 

 

 

 

 

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©1998-2025 Profits Plus Solutions, Inc.
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.