5 posts from February 2010

‘Undercover Boss’ Illustrates that Your People are Your Competitive Advantage

25

Feb

Posted by Robert Bylett at 8:00 AM in Business Owner, Employees, Happiness, Happy Business, Profitable

Smiling_waitress A new television show started recently called, “Undercover Boss.”  In this show, CEOs of some of the country’s largest companies go “undercover” in their own organisation for a week working in various entry-level positions.  The CEO picking up rubbish, scrubbing toilets and mopping the floor – don’t we all wish we could see that?  Unfortunately, those that have gotten to see it didn’t know that it was the CEO until after the fact (but at least it was caught on video!).

A recent episode covered the largest convenience store chain in the world, 7-Eleven.  The CEO, Joe DePinto, visited the store that sells the most coffee in the U.S. – an average 2,500 cups a day!  But, that’s not the amazing part.  What was most amazing was that the store manager, Delores, knew all of the customers’ names!  Meanwhile, Joe struggled to make the coffee without it running all over the place.

Now, 7-Eleven may have good coffee, but since other 7-Eleven stores aren’t having duplicate results, I would hazard a guess that people aren’t coming just for the coffee.  They’re coming for Delores’ smile and personal greeting to start their day.  Starbuck’s could be 50 feet away selling Grande Latte’s for £1 and they would probably still go to 7-Eleven.

Delores is their competitive advantage.  You can directly trace a significant portion of that store’s sales to her.  Do you have a Delores?

This example truly epitomises what I have been saying about how valuable an asset your people are and how big a role they play in creating a happy business.  You could feel the positive energy running throughout the store; everyone just wanted to be there.

Jack Lannom developed what is known as the People FirstTM philosophy.  “When people are honoured and appreciated for not only what they do but also for who they are, it develops an environment that gives people freedom to be their best and to do their best.”  The important thing to realise, however, is that a People FirstTM philosophy is also smart business and profitable.  Just see Delores and her 2,500 cups of coffee a day!

If you have a Delores, consider yourself very fortunate and do everything possible to give her room to continue helping you grow your business.  If you don’t have an obvious Delores, look closely at all of your staff for a “Delores in the rough.”  Chances are you have a loyal, intelligent and ambitious employee who can easily be nurtured into becoming a full-fledged Delores.

More Business Myths: Cheaper, Better or “Cool” Doesn’t Equal Success

22

Feb

Posted by Robert Bylett at 7:53 AM in Business Owner, Happiness, Profitable, Small Business

Many small business owners or people considering starting small businesses are operating under false assumptions that could keep them from ever reaching success.  Not only that, but the stress resulting from the almost inevitable outcome causes not only personal unhappiness, but if a family is involved can greatly damage relationships.  So, what are more of these dangerous myths?Wheel

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Burning Bridges Could Burn Your Business

18

Feb

Posted by Robert Bylett at 12:24 PM in Business Owner, Client Relationships, Clients, Communication

We’ve all done it – burned a bridge in a business relationship.  The bridge could have been with a client, prospect, supplier, referral source, mentor, center of influence, etc.  Additionally, sometimes we actively burn the bridge by pouring on gasoline and tossing a match; and sometimes we walk away leaving a smoldering coal and it burns itself.  On rare occasions, it’s in our best interest to burn a bridge; however, most of the time, it’s not.

Burning-bridges
Every time you burn a bridge, you leave a very negative image with one or more people.  Negative information travels at least four times faster than positive information because everyone wants to share a bad experience.  So, every bridge burned could equal ten or more people who have a negative impression of you and your business.  It can spread like wildfire.

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If You Build It, They Will Come!

08

Feb

Posted by Robert Bylett at 8:03 AM in Business Owner, Clients, Marketing, Small Business

Great movie… but not so great for business.  It’s amazing how many businesses are still operating under this principle.  Worse yet, many business owners will tell me how they aren’t sitting back and waiting for business to come to them, but their actions tell me something different.  And, it’s really hard to fix something that you don’t realize is broken!

Field_of_dreams

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Are You Not Starting Your Business Because of Belief in Business Myths?

03

Feb

Posted by Robert Bylett at 5:16 PM in Business Owner, Small Business

Weird Have you been wanting to start your own business, but haven’t because you’re afraid of taking the big step?  Has it been because you don’t have a “big idea,” know how to put a business plan together, or can’t afford to “spend money to make money?”  Can I tell you a secret?  Those beliefs – in large part – are myths! 

At least they’re myths in today’s economy.  They were likely more true in the past manufacturing-based economy.  We’re now in the land of the information age, where those myths are not true for every type of business.  If you’re trying to take a product to market, you’d better have the great idea, business plan, and it’s going to take a lot of money to get it started.  However, if your business is based on service and expertise, you can get started small from your own home with little investment.  Let’s look at each of the myths individually.

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