Even just a few years ago the opportunities for free promotion were fairly limited compared to the clout of paid-for advertising. Most of your competitors won't invest enough, if anything, on this important part of their business. Notice that doing the work, managing projects, and supervising people aren't even on the list of what leaders do. The development of business is one of the marvels of the new century.
Be Direct with your Customer Relationship Management
To
take your business
to the next level, you must learn how to trust people and delegate decisions to them. In
this information era,
there is no need to guess. Your
liking for an
occupation is the advantage you have over those who do not like it. In
some periods of
the day you will have more custom than you can well attend to, while at other times you will have nothing to do.
Pricing can be a race to the bottom
In
addition, your car,
equipment, fixtures, and company vehicles are liabilities and not assets because they don't create positive cash-flow, and actually cost money to maintain. This
network-like structure stretches
across and between companies. You
don t want
to take forever to prepare a business plan, but using some of the business plan software programs can make it so easy that you find yourself letting the programs do more of the work. So
it's your job
to let go and get them doing what you pay them to do.
Workers in Customer Service
Profit
allows you to
build your company. Finally,
you sign the
contract and hope you'll make some money. You
may say, for
example, Marketing duties are being handled on a temporary basis by the vice president for finance. It's
found at the
bottom of your balance sheet or financial statement.
Push and pull
Do
it different or
do it right! Gevalia
gives away coffee
makers with the expectation that their new owners will fill them with the coffee Gevalia sells. If
you d begun
a car dealership specializing in yacht-sized gas guzzlers right before the Arab oil embargo in the 1970s, you would probably have been out of business in less time than one had to sit on the resulting lines at gas stations, through no fault of your own. The
man who can
sell the most goods is the one who knows the weaknesses of human nature, and how to avail himself of them.
It?s easy to talk eloquently about a product you believe in
If
you don't hold
regular company meetings, your people remain in the dark and stay worried about their future. Not
only does it
cost more total dollars to market, it is harder to get potential customers' attention. They
are usually swayed
more by personal concerns than by financial ones. Which
means they only
have to be paid when your product or service is actually sold ' and so can generate the money you need to pay them.