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  e-ret@iler newsletter
October 2008
Volume 9 Issue 11
Profits_Plus Solutions
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Article of the Month

KISS
by
Tom Shay

While the article for this month was written many years ago, I had the occasion to have the same experience again this week.

You can read about the experience in this month's business advisory. But, most important is that you ask yourself if you or those working for you are doing something like this to your customers.

Read about how to 'kiss' in this months's article.

Click on Article of the Month to read this article.

Book of the Month

I quit, but forgot
to tell you

by
Terri Kabachnick

Having experienced the scenario which is the title of this book, I can highly recommend this reading. Have you ever had an employee that continued on the job, but had mentally 'quit'?

I know Terri Kabachnick and she is a very sharp and very experienced retailer. I know you will enjoy her book.

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

Two business advisories for October 2008. The first is the personal experience I mentioned at left in the article of the month.

The article was written years ago, yet the experience happens over and over. I took the overnight flight to the east coast and arrived at the hotel at 9:00am on a Wednesday morning. I had a prepaid hotel reservation for the Tuesday night. Yet, as I arrive, am told that my room is not ready yet. Asking how it can be that I am arriving for a room at the time when most people are checking out, the desk clerk is lost for an explanation.

I stated that all I needed was a room in which I could take a shower and change clothes. After a few minutes, the clerk explains that all they can find is a room with two double beds. Again, I explain what my need is.

Then as they finally figure out a room, I am asked for a credit card in case I want room service, Internet, etc. Again I explain that I only need 45 minutes in the room to shower and change. Finally it sinks in to the clerk, and they apologize for the delay.

What happens in these situations is frequently not the employee's fault. They aren't taught (or allowed) to think. They are told what to say and to follow through on the step by step instructions.

Why do businesses hire people, give them a key to the front door of the business, and then fail to let them think?

Second advisory. November 22 is America Unchained! Canada Unchained! day. Visit the website for this organization, Amiba.Net and see how you can make this event work in your community. You may just be the individual needed to get individuals to see how their doing business with a local independent is better than doing business with a chain store.

Internet Tip of The Month
What's a customer worth?

This web tool is what we used in our store to remind people of the importance of customers. Enter some basic information, and a couple of your best estimates. Your staff will see just how important, via a dollar amount, each customer is to your business.

What's a customer worth?

The Power Promoting Idea of the Month

Utilize your knowledge

As the fall season is among us, and our daily routine settles in, many of the community organizations (Optimist, Kiwanis, Rotary, Civitan, etc) are back to their regular schedule of meeting.

With most of these groups, as they meet they are in need of a speaker for their event. By seeking out these groups and volunteering to speak, you will have the opportunity to share with them for about 15 minutes. You can't give them a sales pitch about what you sell, but you can give some pointers.

If you sell clothes, you can talk about fabric care and the colors and fashions for the coming season. If you sell auto parts, you can talk about how they can take care of their vehicle to maximize mileage.

When you complete your presentation, you can give away samples, have a 'door prize' and leave your business card with attendees. And when you do a good job with one of the civic groups, expect to see that another is going to invite you to speak.

This is a great way for the community to hear about your business, your products and services.

Where's Tom?

Tom is busy for this fall as the number of people wanting to hear about sound business management continues to grow. Here is the current 60 day schedule as of the first of October:


October 11 Las Vegas, Nevada
October 14-16 Laramie, Wyoming
October 19 Fort Worth, Texas
October 21 Providence, Rhode Island
October 26 Minneapolis, Minnesota
October 28-29 Hendersonville, North Carolina
October 30 Morganton, North Carolina
November 4-5 Las Vegas, Nevada
November 8 Hardevile, South Carolina

The online calendar is kept up to date as well as includes our extended calendar. My family calls this page,

Where's Tom?


 

 

 

 

 

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.