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.
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A
Successful Business is Like a Dishtowel
Knowing
when to work and when to enjoy
Success,
defined as being profitable, is not easily accomplished in the world
of retail. Then again, it is not easy in any area of retail. It requires
a lot of effort, dedication, and expertise. And for those who would
say it requires a lot of luck; it is the experience and belief that
the harder you work, the luckier you become in business.
Creating
success in your business can be compared to using a dishtowel. While
you may think this is a stretch of an analogy, take a few moments to
see how the proper placement of the dish towel, and work habits, go
a long way towards placing your business in a distinct minority - profitable
and successful.
Think of
the main purpose of a dishtowel in a restaurant; you dry dishes so they
can again be used to serve another customer. The more dishes you are
drying, the more it is an indication that the restaurant is serving
more and more customers.
Of course,
your dishtowel can be used for other purposes. You can clean tables,
dry your hands, and in some restaurants you see people wearing them
around their waist as they wait tables. In each of the examples we have
given in the restaurant, the usage of the dishtowel has been one of
serving the customers.
Haven't
you enjoyed visiting a restaurant in which the owner, manager or server
has demonstrated that they were enjoying your visit as much as you were?
The second
use of a dishtowel, perhaps grossly exaggerated, is one in which it
can be used in place as a napkin. You place the napkin across your lap
as you begin to enjoy a meal. Imagine that you have done your day's
work and now you have decided to have a meal. Your meal may be as simple
as one from a fast food place. Or it may an elaborate eight-course meal.
In either
case, you are using the napkin to serve yourself. The meal may be exclusively
for nourishment as exemplified by the fast food restaurant; the meal
may be part nourishment and part reward as demonstrated by the eight-course
meal. It will be up to you to decide what type of meal is appropriate
for each occasion.
There is
a third usage for the dishtowel in our example. Imagine our taking the
towel in one hand, and waving it over our head in celebration. Perhaps
our restaurant person is waving it to help a customer celebrate a birthday.
Our restaurant person may be standing in the kitchen, celebrating a
restaurant overflowing with customers, the hiring of a new chef, or
accomplishing a sales goal within the restaurant.
Whatever the situation, our restaurateur is celebrating their hard work.
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This article is copyrighted by Tom Shay and Profits Plus Solutions, who can be reached at: PO Box 128, Dardanelle, AR. 72834. Phone 727-823-7205. It may be printed for an individual to read, but not duplicated or distributed without expressed written consent of the copyright owner.
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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.
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?
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.