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This is a collection of the hundreds of articles Tom Shay has written for over 80 trade magazines since the 1980's. Each article appears in the original format. The example stories in each article will often show you what type of magazine the article was written for. Regardless of the examples from specific businesses, the underlying principle of each article remains true for any business. And for every component of business management or sales, there are multiple articles. Some are simply looking at a single challenge from two different directions. We invite you to read them, share them with your staff, and forward them to those you believe will benefit from the information contained in them. 21st century profitability - Selecting a new computer system 5 to 1 or 1 to 5 - What happens when you learn from other businesses 8 steps to solving customer complaints - Establishing a strategy for dealing with customer complaints A 9 point customer service plan - Creating a distinction between you and your competition Abbott and Costello teach business strategy - How businesses should determine what they do Adapting to the market - Putting the best products where the customers are Adding sales - Adding to a strong sales department Advertising with a pencil - Changing your advertising plan Advertising with a talk show - Talk radio, talk hardware After the pandemic - How did you do and what is next? A good deal for both sides - Working to eliminate challenges with vendors Always ON - Being ON for your customers A master salesman - The story of Walt and Asylum records Amazon is not going to kill you - But not taking care of the customer will kill your business Analogies, ideas and making money - Learning through the mistakes of others An alternative to word of mouth advertising - What you can do to increase your margins and sales Animals and chain stores - What can your business learn from animals? A serving of confirmation - A little recognition can go a long way A slice of the pie - Enjoying being a part of an American tradition A successful business is like a dishtowel - Knowing when to work and when to enjoy Are they ever coming back? - Establishing a strategy for customer retention A way to turn more profit - How inventory controls can increase your profitability Are we having fun yet? - Deciding to sell your business Are you a "My"? - Getting the personal ownership in a business Are you being an entrepreneur or a post turtle? - Lessons learned during a pandemic Are you doing what you say? - How to make great customer service a reality Are you failing to plan? - You may be planning to fail Are you in the groove or in a rut? - Here is how to tell the difference Are you making an investment - Or are you buying yourself a job? Are you managing like Southwest flies? - You may be doing the job of someone working for you Are you using what you bought? - Maximizing the computer system Ask questions with a purpose - How to get the most out of questions to the customer Assumed sales - Making assumptions for sales Attitude will determine business success - A 5 point self examination Avon is calling and Avon is educating - What are you doing about education? Banking on the house - Advertising in unique places Bank loan - Understanding how to apply for a bank loan Be a hero - Understanding our purpose as salespeople Bears and alligators - Knowing where to compete Beating the summer doldrums - What to do to drum up some business Before you listen to your customers - Your customers may not be telling you the whole story Before you sign that order - There may be details you are missing Being a professional - Making yourself different from the competition Belt tightening in a tight economy - A different way of examining costs Birds do it - The value of consistency Boosting your sales - Making a difference in the sale Branding in the next millennium - How to distinguish your business from the competition Breakfast with a purpose - A unique style of staff meetings Bridal registry with a gift shop - Opportunities and taking advantage of them Building a team - The importance of employees working together Building the team - Looking for qualified employee applicants Buying inventory correctly means being right eight times - Buying inventory is more than just "open to buy" Calling on commercial accounts - A technique for increasing your commercial business Call in the SWOT team - Strengths, weaknesses, opportunities, threats Can you create a service? - Adding to your bottom line with something new Carve more market share - Maximizing your share of the market Change starts at the beginning - The problem with commodity selling Changing rules of retail - Purchasing inventory is not as easy as it once was Changing what a store sells - Looking for new products and services Changing your buying strategy - You do not have to buy like a big business Characteristics of a successful business - 10 traits of successful businesses Cheaper is not better - Deciding if you want to be the cheapest Checking for the exits - Planning for the sale of your business Chemistry in your business - Working together or working for someone Churchill's Marketing - There has to be something better than traditional advertising Cleanliness is next to godliness - Is a lack of organization costing you money? Click and mortar retailing - How to increase your business with the Internet Comparing apples to apples - More competition is not a good thing Comparing turnover and margin - There is more than one way to profit Consulting with other dealers - Having a "power lunch" merchant style Coping with a cash crunch - The challenges can be seen before they occur Creating a cashflow chart - As simple as 1-2-3 Creating an open house - Hosting a profitable special holiday event for your business Creating a partnership - Working with sales representatives Creating a procedure manual - A rule book for running the business Creating a school to demo products - Radical thinking of growing the business Creating an "open to buy" - Spending wiser with inventory control Cultivating vendors that help - Getting the help you need Customer loyalty; is it from them or towards them? - Perhaps it is the business that does not show loyalty Customer service at its' best - Creating rewards for great customer service Defining an independent retailer - In celebration of Independent Retailer Month Details make the difference - Changing your advertising style to maximize results Developing a database - Marketing instead of advertising Developing a profitable relationship - Working with sales representatives Developing a resourceful sales team - How and why to have a great sales team Developing highly effective retailers - Seven strategies to improve yourself as a business person Doctor, Doctor, Give me the news - What are your numbers telling you? Does it work for you? - Understanding your return on assets Doing it by the book - Having a store owner's manual Doing more with less - Maximizing in a minimal time Doing your market homework - Productive things to do after attending a market Don't let the old man in - How would you decide if you did not know? Do you know me? - It is image, branding and marketing Do you manage like an airline flies? - We may have found a reason for delays in your business Dreaming and planning - Working ON your business Effort to sell by educating - Increasing the value of the sale Eliminating crisis management - Changing your leadership style Eliminating dead inventory - Why you should want your money back Eliminating expenses - Finding ways to control expenses Eliminating the sound of silence - Great things to say to a customer Exclusive or elitist - Choosing what makes you unique Extended service - Creating the added value Extreme customer service - How competition causes businesses to change Facing your fear - In the face of competition Fighting city hall - In this corner is your business Find 'em, hire 'em, groom 'em, keep 'em - It is all about good employees Finding new staff - In search of a job applicant Finding profits through the back door - Eliminating expenses to increase the bottom line Finding the back door - Options to getting out of the business Finding the puck - Establishing where the customer is in the marketplace Finding the right management tool - Changing your management style First class service department - Making the most of a spring opportunity Five signs to takeoff - Preparing your business for a sale Fixing flat tires - Examining the four "tires" of your business Forgetting what really counts - Are you selling or just making a sales pitch? Frontrunner - Setting your business apart from competition Game Over - Thinking about retirement Get an attitude - Deciding you are going to have a great event Getting extraordinary results from ordinary people - Management techniques that really work Gift basket open house - Opening a different form of advertising Give 'em a call - Using telemarketing in your business Giving employees directions - Creating customer service instructions Giving management skills to others - Getting others involved in your business Giving the boss a job review - Inviting employees to provide input to the owner or manager Go Starbucks or go home - Is your business an experience? Halt! Who goes there? Friend or foe? - Dealing with a problematic sales representative Happy, healthy and productive - Who's in charge of you? Has your sales floor changed? - When customers change the way they shop, your sales floor should change Having a loaner - Down time not allowed when servicing customers Having the right tools - Keys to better management Healthy, wealthy and wise - A 5 point self-examination of your business Here's looking at you - Keys to visual merchandising Hiring non-traditional employees - Some unique options in selecting new employees Hiring outside the box - Finding new employees in nontraditional ways Hiring techniques - More than hide and seek Hiring the right employee - Proven techniques to improve your hiring Hiring well - How to hire the right person and improve the ones you already have How are you counting your music? - A different way of inventory control How can you live like that? - An accountant's personal story explains a good relationship How I want to become better - Being a part of a profitability group How do you do that? - Why directions are important in a customer relationship How much and when - Only one way controls inventory properly How much is enough? - Deciding what your overall margin should be How stores niche - An itch for a niche How to become extinct - Focusing on "who" instead of "what" How to wait on customers - Having the right attitude and viewpoint How's your vision? - Why you should have a business plan Hunt for lost customers - Bringing back old customers If not price? - The necessities for selling If Patton ran your business - The strategy and warfare of business Impulse buys and effective displays - Making the POP! work in your business Incentives, rewards, and bonuses - Making incentives, rewards and bonuses work in your business I never knew you were gone - Because you never let me know you were there I read your book - Developing your strategy against the competition Incentive Games and Bonuses - Increasing your dividends Installing a new computer - Time for a new computer Insurance wise or insurance poor? - What insurance and how much insurance does your business need? In-store advertising - Advertising inside your store on a tight budget Inventory: the right investment - Why you should invest your money in inventory Is it e-tailing or retailing? - Making the Internet a part of your business Is this a business? - Merchandising the business of a mission It is a matter of position - Do you want your business to be different? It is all fun and games - Developing a system of rewards for your employees It is just a tool - That is all money is It is time to replace stupid - Culture eats strategy for breakfast Jack's phone call technique - Calling to ask for additional business Jerry, Jeff and David - Are they really entrepreneurs? Job descriptions - Giving a job description to your employees Job specifications - A tool that will help you manage Just do it - part one - Getting employees to do the things you want them to do Just do it - part two - Getting employees to do the things you want them to do Just how much is that customer worth? - There is a lot to celebrate Keeping a customer is as easy as that - Amazing what a simple follow up can do for your business Keeping score - Knowing how to measure business success Keys to motivate employees - The basics of what employees need KISS - Keep it simple, sir Know your financials - There is a lot of profit in the financial statements Knowing how to exit - When you want to sell the business Last minute Christmas sales ideas - 15 last minute ideas for making music at the register Learning from mistakes - A voice of experience Learning how to promote - Doing things to earn your customer's business Legacy of the family business - Reflecting on being a part of a wonderful industry Lessons from a piece of pie - Are you trying to make a sale? Lessons from Opal, Pearlie and Fred - Learning from three store managers Lessons we do not learn from economists - Looking at opportunities through different glasses Let's give them something to talk about - Why is all your marketing about "item and price"? Leveling the playing field - Competing with the mass merchants Little ideas that make a difference - Ways of dealing with new competition Looking for customers - What it takes to get customers to return Looking out of the bucket - Seeing opportunities within challenges Loyalty between vendors and retailers - Be true to your school Ma Bell works here - Maximizing the usage of the telephone Make a plan - Have you written a business plan? Making life simpler with job specifications - A great management tool for any business Making management jobs easier - Maximizing your POS for profit Making the extra effort for sales - Keeping the customer in the fold Making the first impression - The value of an attractive store front Making the pass - Learning how the owner or manager can involve their staff in waiting on customers Making your direct mail work - How to make sale circulars a more profitable advertising method Managing by the numbers - Why financial statements are important to use Managing by "what if" - What if you knew the future in making decisions? Managing with your financial statements - Using your monthly financial statements to make profitable decisions Marking it down - A method to controlling markdowns Mattresses, wine and inventory - Learning to do a better job of controlling inventory Measuring up to financials - 4 financial tools every business should use Membership has its' benefits - Why you should be a member of your trade association Minefields and mindfields - Determining where the real battles are Minefields and mindfields revisited - Is the problem in your head? Mirror, mirror on the wall - Are you looking back at how business used to be? Mission impossible - possible mission - 6 suggestions to help deal with competition More than 20 tips that move merchandise - Easy promotions that move inventory More than a piece of paper - Utilizing your cashflow sheet More than just a business - Seeing it from the customer's perspective Never forget a customer - A year round promotion idea New glasses - Looking at business in a new way Niche departments, niche people - Creating departments that feature your employees No more tears - When enough is enough for inventory No Plan B - Are you sure you want to close your business? Not changing product lines or reps - Selecting products and sales representatives Not like the movies - Business should not be a "one and done" Not the right thing to say - Are you resigning to what has happened? Not using tech speak - Nobody cares how much you know until they know how much you care Offering extended hours - Opportunities for more sales Once upon a time - Having a passion for the business; not just what you do Our pricing strategy - How much can you charge? Our store newsletter - Extra! Extra! Read all about it! Outside sales - Looking for sales in other places Overcoming the challenge - Sometimes the issue is within ourselves Owners, managers and entrepreneurs - There is a difference in what you do Paint by number - Purchasing a paint computer Party time! - Socializing with your employees to improve performance Patrons or customers - Solve the problem instead of making the sale Payroll done backwards - How are you calculating what you spend on payroll? Permanent customers - Take me, I'm yours to keep Philosophy of a winning store - An open mind on open to buy Pick your customer - You can't be everything to everybody Picking up ideas - Lessons from other types of businesses Planning sales for a new season - Planning sales mean fewer markdowns Player or coach - Are you doing what an owner should do? Policy and procedure manual - Using a manual to help you manage Polishing the crystal ball - Utilizing a cashflow chart Potato chips - Is your sales floor arranged like a bag of potato chips? Power promoting - Doing something different to earn the customer's business Preparing for spring sales - Spring pricing has sprung Pretty as a picture - Keys to visual merchandising Pricing for profit - Developing a pricing strategy Pricing your services - More than two ways to get the job done Problem solving with SARA - A proven technique for solving a customer's needs Processes and Applications - What we need to learn from the "big guys" Profitability through structure - Creating policies and procedures Profitable wedding flowers - Having confidence in your wedding prices Promoting bicycle helmets - Participating in the community Promoting your business - Promoting instead of advertising your business Promoting your charge accounts - Turning your charge accounts into a sales tool Properly stating your profit - Understanding components of the financial statement Psychologically selling - A lot of the sale is how the customer is thinking Putting your best foot forward - Utilizing fixtures Reading is fundamental - What you can learn by reading trade magazines Redefining your market strategy - Redefining your strategy as the market evolves Remodeling the store - Giving the store a new look Removing the mystery of cost of goods sold - Options for determining this very important number Repairing all makes and brands - A strategy for gaining more business Reset and rebuild a department - Changing the product mix in your business Retailing is not third grade math - Why we need to learn margins, turn and dollar contribution Retail math 101 - Calculating the cost of business Rethinking a way to more profit - Looking at turn over, margins and dollar contribution Return on investment - Knowing how your business is performing Reviewing your business insurance - Looking at ways to prevent problems while saving dollars Ring it up - Owners and managers working on the sales floor Round up the usual suspects - Marketing to the customers you already have Sales and the green monster - How business growth eats cash Sally sells insurance - And lessons from other businesses Scheduling your staff - So you can manage your time Second fiddle - Rethinking your management strategy Selecting coaches and advisors - Making the team Selling as an art form - A salesperson has to earn their pay Selling every customer - S.E.R.V.I.C.E. Selling flags and banners - Still waving, still selling Selling or just taking orders - A lesson learned in a restaurant Selling rental consumables - Add on sales create add on profits Selling your business - What's your long term plan? Service for the box store - Doing business with a mass merchant Should margin be the main consideration? - Margin might not be the key consideration in profit Should you be flying solo - Where do you need assistance in your business? Show your financials - Reasons to show your financial information to your employees Shred some of those old ideas - It can be easy to impress your customers Silence is not golden - The value of a customer survey Small businesses don't die, they just commit suicide - 10 reasons why businesses often fail Solution by committee - One person does not have all the answers Solving problems and making sales - Solving a customer's problem can increase sales Some great reading material - Staying in contact with your customers Some tools of the trade - Having an instruction manual Sounds of silence - What we hear in stores So, what is it? - The "it" an owner should do So, who are you? - Defining your business So you want to be a buyer - How to maximize your time at a trade show Staff scheduling and time management - Strategically making staff decisions Staying involved - Keeping in contact with our customers Store hours and part time help - How to perform the best scheduling for your business Store without an owner - The story of a personal crisis Strategies to win in a challenging economy - Ideas of how to win Tag team selling - Techniques for salespeople working together Take control of your cashflow - Utilizing your cashflow sheet Taking care of your town - Promoting smoke detectors Taking the last two steps - Solving customer complaints Taking time for recognition - Acknowledging your staff and your efforts Talk, talk, talk! - Using a talk radio show to advertise Team talk - Better communication with our customers Teaching your customers - Doing more than selling products or services Technology can be fatal - Is all this technology necessary for your small business? Ten steps to watching the future - Preparing for challenges in a tough economy Ten things to do for a profitable year - Taking a step toward extraordinary The add on sale - Techniques for achieving the add on sale The answer is relevancy - And we are looking for the question The best ideas are not exclusive - What you can learn from a very different business The big E - Efficient or easy to move on? The call to sell the store - Changing careers The cream floats to the top - Are tasks being assigned to your subordinates? The doctor says your business is going to live - A follow up to, "Doctor, doctor, give me the news" The eight percent factor - Which customer are you targeting? The emblem of a business - How the owner or manager is symbolic of your business The Johnny Appleseed theory - A different way of marketing to your customers The key ingredient - Having your staff involved in your business The letter - A letter to association managers The masters of legendary service - What the best salespeople do The master's technique - Observations of a master salesperson The need to show pride in your employees - Great employees are hard to come by The opposite of NO - Ideas for increasing customer loyalty The owner's manual - Creating a guide to help you operate more profitably The price is getting right - Establishing a pricing strategy for your business The promo price list - Working with variable pricing and promotional price lists The sky is not falling! - Being proactive about a mass merchant competitor The value formula - The formula for success The value of a good employee - Creating and developing good employees The walls of fame - Recognizing your "famous" customers The world is changing - No; it is not There is a Season - A time to keep and a time to get rid of inventory There is another twist to the game - Transitioning your business to the new reality They went that a-way - Basics of helping customers in your business The "why" for education - How an educated staff can bring you profit This little piggy goes to market - Ideas for attending a trade show Three tips to thrive - Financial statements, marketing and staff education Tie up extra business - Tying in with other businesses Time for a reality check - Your customers' shopping in other stores Timing the technician - Whose time is it? Tips for a challenging time - Experiences of businesses during a rough economy To bee or not to bee - Thinking outside the box Trends in customers moving - Who and where are they now? Traits of the Great - What great business owners do Traits of the Great Part 2 - More of what great business owners do Two, three, or seven challenging words - The secrets of making inventory control work Understanding velocity coding - Inventory control is more than abc Using a computer - Learning to work smarter with information Using a specialty vendor - Specialized needs for your business Using an old building - Making your building an attraction Using demographics - Gathering information about the customer who shops with you Using signs and end caps - Sign them up! Using tools wisely - Should you have a line of credit? Using your website - Stats from website usage Unique examples of service - What if you offered to...? Value of a good salesman - Using the tools of the trade Variable pricing and promo pricing - Creating a basketful of profitability Visiting other stores - Taking a busman's holiday Visual merchandising - Cooking up a retail success Was George or Ewing right? - Is it right for buying groups to raid other businesses? Was Michelangelo trained? - Looking at overly trained employees We are not playing on the same team - Selecting an accountant What are you doing? - Having a transforming experience What does it take to win? - We have eight ideas to share What do you say? - Making a sale by knowing what to say What do you sell? - Determining what type of business you are in What do you want to ride? - Customers who use coupons What friends are for - Developing employees that show their concern for employees What gets your attention - Getting a customer's business with slot machine techniques What goes up must come down - But it does relate to revenue and expenses What if? - Unique examples of service What is the price? - Developing a pricing strategy What I learned from buying soap - All the missed opportunities to keep a customer What is your logic now? - Your customer service policy might not provide service What makes a great store - Doing things that make a difference What we should not be paying for - We are hiring people to do the wrong tasks What we've got here is a failure to communicate - Are you getting what your point of sale system has to say? What will you do with the information? - Informing or just offering another discount What you can learn from the movies - Learning to follow up with your customers What you do speaks so loud - Walking the walk with customer service What you learn from questions - A demographic study within a question What's in a name? - The value of a customer What's in your wallet? - A story about discretionary income What's in your margins? - Alternative ideas for increasing margins What's wrong with this picture? - Providing the necessary ingredients to develop great store managers When it is time to make a change - Deciding to make a change in the product lines you carry When one square is better than another - Not all square footage is created equal When the light bulb goes on - Do you think you can do it all yourself? When the old way of order writing no longer works - Some different ideas for writing an order When the old way no longer works - Changing the way you interview job applicants Where are the hidden savings - Cutting expenses can also increase profits Where can you grow? - Things to consider when you want to grow your business Which customer is theirs? - Knowing which customer to target Which flag should they raise? - Knowing when to surrender Who are you selling to? - Customers having more disposable income than your sales staff Who has the big hat? - Understanding that customers are the responsibility of everyone Who is your customer? - Targeting your business to the right customer Who is next? - Business transition does not start with a "for sale" sign Wholesaler's duties to dealers - The other side of the coin Who's talking? - Do you notice the customers who talk the most? Why ask why? - Asking questions of your customers to make a sale Why local? - Reasons to shop with an independent business Why not? - Why not try something different? Why show up? - The trade show; are you going to look or going to buy? Why some people order pizza online - Bad customer service speaks volumes Wind, sneezers and Marriah - Giving great customer service a name With a smile on your face - Establishing a personal strategy for your business With this ring - The commitment of business ownership Working long hours - What time is it, anyway? Working with sales reps - Developing a personal and profitable relationship Writing your customer - Showing your customers that you care Year end accounting - Three reasons to utilize an accountant You can hire a manager - ...but you can't hire an owner You don't know what you don't know - What you can learn from other small businesses You have dependents - An open letter to manufacturers, wholesalers, trade show producers, trade associations and trade magazines You only get one chance to make a first impression - Not true; you get lots of chances You say you give great customer service - Do you have a staff education program? You should be thinking about Whoville - Why businesses that focus on "who" they sell to will succeed You want to talk, or do you want to play? - Games you can use to teach employees how to sell Your loyalty program - It is probably outdated and underperforming Your new year resolutions - Making plans to start your new year Your passing percentage - How frequently are you giving personal attention to your customer in person or on the phone? |