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Atricle Dump - Management Foibles...When 20 Bucks and Ego Is More Important than a Decade of Customer Loyalty
Using Technology In Estimating Construction Costs For More Accuracy ned to the store where they are pros with tires and asked them to fix the problem.A construction cost estimator knows that there are a lot of expenses that need to be tracked when estimating a job. Many people who have been in the industry for a long time have always relied on pen, paper and a calculator to estimate a job. They feel that their experience in estimating out weighs the convenience of the new software programs. However, what they do not realize is that using this software can save them a lot of time and headaches.Projecting Construction Costs Is The First Step To A Successful ProjectThere are a lot of costs that have to be considered when estimating a job. Both the seen and unseen cost can delay a project if they are not calculated correctly. Land acquisition, as well as assembly, holding and improvement are just a few of the things that need to be taken into consideration. Others include Planning and feasibility studies of the structure; capital costs for a construction project are just a few of the costs that need to be considered.You will also need to take into consideration the financial fees, which include filing fees and architectural and engineering design. These factors need to be taken into consideration before you can estimate any other part of the project. When you have these numbers, you can then go on to add the construction cost, labor and materials, insura 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge 7 Simply Dynamic Steps to Branding Your Online Business Trust me, management has their foibles! When is it that 20 bucks and a store manager’s ego become more important than a decade of loyalty from a customer? In my opinion, Never! Little things can be much more costly to your profitability than one might imagine.Branding your online business maximizes your business development efforts without adding work to your day. Once you’ve branded your business, it becomes recognizable and people flock to your business to get what you offer, because HIGH QUALITY matters.1. Describe your product using three words.Exactly what is it you offer your customers? Do you sell soap? Candles? Services? What is it you offer?2. Write those words down.Put those three words on paper. Write them out and vary the lineup a bit. Change them around and look at them in different ways.3. Identify your style.Are you an initials person? Do you shrink Kentucky Fried Chicken to KFC? Do you just call it Fried Chicken? How do you identify products?4. Colorize your words.What colors go with your product? What color expresses best, the way you feel about what you do? Is it RED? Does it snap with flavor and zest? Or is it calming and relaxing? Blue?5. Design your signature.Put the colors together with words, and create a logo of sorts. Make your logo a statement about your product.This isn’t a personal objective. If you hate yellow, but it’s the best color to represent your product - go DYNAMIC YELLOW!6. Park that Signature EVERYWHERE.On your domain, in your face, tatoo it on I recently had an experience that clearly demonstrated the crucial need for better training at all levels, from entry-level employees to management. This situation occurred at a local tire store, one that is part of a national chain—of which will go unnamed—but claims in their name to be pros with tires. The store manager made the decision that $20 in his cost on labor, and his need to be right was more important to him than a loyal 10-year customer. Let’s Review the Benefit of from 10 Years of Customer Loyalty: >New tires (sets of four) on 3 cars—approximately 8 sets at an average of $300 per set equals a minimum of $2,400 in retail sales. >Satisfied customer recommendations to friends and business acquaintances—in this particular case the bare minimum is referral benefit is a fleet of 18 cars and trucks that moved their account to this particular store five years ago based on my recommendation. This referral has resulted in approximately 9 sets of car and truck tires purchased yearly by the company. At an average of $400 (truck & SUV tires are more expensive), the yearly sale to this company is $3,600. >The bare bones minimum value this store received from one customer’s loyalty and referrals for 10-years is $20,400. Let’s Review What the Store Will Most Assuredly Lose in the Coming Decade from the Manager’s Seemingly Inconsequential $20 Decision: >Within the next 2 months, the store will lose the sales on sets of tires for both a minivan and an SUV equaling a minimum of $700. >Over the coming decade the store will also lose, not accounting for inflation, at the very least the same $2,400 from my 3 cars, and most likely more. >After telling the above-mentioned fleet manager that I had recommended to this store five years prior, the one that claims to be pros with tires, this store will most likely also lose my friend’s fleet account. The fleet account loss over the next 10 years will be at least $36,000. >Lost sales in the community of Thousand Oaks, CA where I live. While for a decade I had recommended these pros with tires to a number of friends, now I will, as would most people in this situation, make it a point to tell anyone that will listen how poorly I was treated by the store manager. How many dollars do you think will be lost? National Brand Damage: I’m sure you would agree that it is not a good idea to treat any customer poorly, but to treat a heavily published author and busy professional speaker poorly is purely lunatic, as I will now use this story about the brand that claims to be pros with tires at many of my seminars across the country. Will people discontinue using this company that claims to be pros with tires just because I tell the story? I don’t think so. But, what will happen is that the next time they do business with this chain and a problem occurs, as is bound to happen, they will remember my story. Now that chain, and the particular store, has an additional strike against it—perhaps their last? All of the above lost, and potentially lost business, because a chain store manager let’s his ego and 20 bucks get in the way of making good customer satisfaction decisions. This is a common mistake that many managers and owners make, and not exclusive to retail. Learning From the Situation: 1. My teenage son took his car in to get the tires rotated and balanced—a free service from the pros with tires, for the life of one’s tires. 2. Driving away from the store, my son noticed the car now pulled to one side. 3. He returned to the store where they are pros with tires and asked them to fix the problem. 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge t Elements of a Professional Business Letterhead o friends and business acquaintances—in this particular case the bare minimum is referral benefit is a fleet of 18 cars and trucks that moved their account to this particular store five years ago based on my recommendation. This referral has resulted in approximately 9 sets of car and truck tires purchased yearly by the company. At an average of $400 (truck & SUV tires are more expensive), the yearly sale to this company is $3,600.If you are a small business owner and have finally come to the decision that you company needs a letterhead then you are definitely going in the right direction. However, there are some things to consider before you make your letterhead. After all first impressions are important and you don’t want to send the wrong one. So what are some technique and design considerations for creating a professional letterhead that makes your company look like a thousand bucks! The guides, ideas and tips below will help you learn what goes into a great letterhead. You can use this if you are planning on making the letterhead on your own or even if you want to hire a designer to do your ltter head for you. Either way the tips will help build your knowledge and you will know what to look for.KISS of Keep It Simple (Stupid) Sorry don’t meant o insult anyone on this one but one of the most important factors of a letterhead is to keep it simple. Many companies fall into the glamour and glitz trap as they add lots of bling, flashing text, and fancy lettering to their letterhead. However, just a little bit goes a long way and you do not want to overdo it on the embellishment. Typically a more professional technique is to go for a subdue or understated look. Thing classic when you are considering your letterhead design. You wa >The bare bones minimum value this store received from one customer’s loyalty and referrals for 10-years is $20,400. Let’s Review What the Store Will Most Assuredly Lose in the Coming Decade from the Manager’s Seemingly Inconsequential $20 Decision: >Within the next 2 months, the store will lose the sales on sets of tires for both a minivan and an SUV equaling a minimum of $700. >Over the coming decade the store will also lose, not accounting for inflation, at the very least the same $2,400 from my 3 cars, and most likely more. >After telling the above-mentioned fleet manager that I had recommended to this store five years prior, the one that claims to be pros with tires, this store will most likely also lose my friend’s fleet account. The fleet account loss over the next 10 years will be at least $36,000. >Lost sales in the community of Thousand Oaks, CA where I live. While for a decade I had recommended these pros with tires to a number of friends, now I will, as would most people in this situation, make it a point to tell anyone that will listen how poorly I was treated by the store manager. How many dollars do you think will be lost? National Brand Damage: I’m sure you would agree that it is not a good idea to treat any customer poorly, but to treat a heavily published author and busy professional speaker poorly is purely lunatic, as I will now use this story about the brand that claims to be pros with tires at many of my seminars across the country. Will people discontinue using this company that claims to be pros with tires just because I tell the story? I don’t think so. But, what will happen is that the next time they do business with this chain and a problem occurs, as is bound to happen, they will remember my story. Now that chain, and the particular store, has an additional strike against it—perhaps their last? All of the above lost, and potentially lost business, because a chain store manager let’s his ego and 20 bucks get in the way of making good customer satisfaction decisions. This is a common mistake that many managers and owners make, and not exclusive to retail. Learning From the Situation: 1. My teenage son took his car in to get the tires rotated and balanced—a free service from the pros with tires, for the life of one’s tires. 2. Driving away from the store, my son noticed the car now pulled to one side. 3. He returned to the store where they are pros with tires and asked them to fix the problem. 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge Business Card Printing Services and most likely more.A business card is usually a piece of paper containing the name, address, and contact information of the person giving the card. Information contained on this piece of paper also includes the business name or the company affiliations of the giver.Business cards are now seen as a means of advertisement or marketing. This allows previous customers to easily recall a company and do business with them again. Because of this, employees of companies, especially marketing executives, look for a means to be able to produce business cards that are professional and eye-catching at a reasonable price.This need for business cards brought about a new category of printing, which is business card printing. Companies typically want uniform business cards for their employees. These business cards contain the company’s logo along with the company motto. At first, business cards were printed in black and white. But as the business world dominated people’s lives, the demand for business cards grew, resulting in color printing. Alongside this development in business card printing was the emergence of more sophisticated designs, graphics, and styles for business cards.Business cards are typically printed on a 1/8 size of print paper. People who want their own business cards can now choose to have a colored business card with a >After telling the above-mentioned fleet manager that I had recommended to this store five years prior, the one that claims to be pros with tires, this store will most likely also lose my friend’s fleet account. The fleet account loss over the next 10 years will be at least $36,000. >Lost sales in the community of Thousand Oaks, CA where I live. While for a decade I had recommended these pros with tires to a number of friends, now I will, as would most people in this situation, make it a point to tell anyone that will listen how poorly I was treated by the store manager. How many dollars do you think will be lost? National Brand Damage: I’m sure you would agree that it is not a good idea to treat any customer poorly, but to treat a heavily published author and busy professional speaker poorly is purely lunatic, as I will now use this story about the brand that claims to be pros with tires at many of my seminars across the country. Will people discontinue using this company that claims to be pros with tires just because I tell the story? I don’t think so. But, what will happen is that the next time they do business with this chain and a problem occurs, as is bound to happen, they will remember my story. Now that chain, and the particular store, has an additional strike against it—perhaps their last? All of the above lost, and potentially lost business, because a chain store manager let’s his ego and 20 bucks get in the way of making good customer satisfaction decisions. This is a common mistake that many managers and owners make, and not exclusive to retail. Learning From the Situation: 1. My teenage son took his car in to get the tires rotated and balanced—a free service from the pros with tires, for the life of one’s tires. 2. Driving away from the store, my son noticed the car now pulled to one side. 3. He returned to the store where they are pros with tires and asked them to fix the problem. 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge Shock And Vibration Testing across the country.Shock and vibration testing is a division of product as well as component testing. This test has a wider and larger category that involves life, exposure, electrical, ergonomic, dynamic, and other specialized and significant tests.Whenever you need it, there are many of shock and vibration testing services for you. Companies typically test and screen finished components or products by means of shock and sine as well as random vibration and other vibrant test conditions. These shock and vibration testing services conduct a series of tests in conformity with the published standards from various organizations.Shock and vibration testing is capable of simulation and testing, comparison of the device and the product, confirmation and qualification, acquisition of data and interpretation, DVT or design verification testing, FMEA (failure mode and effects analysis), and preparation of sample as well as research and development.The series of tests that are carried out during shock and vibration testing can also help in verifying the effects and results of bounce, stress, ultraviolet light, aging, decompression, pyrotechnic shock, sterilization, fatigue, thermal cycling, radiation, humidity, and weathering.If you're planning to come up with a design for shock and vibration testing, it is advisable to have f Will people discontinue using this company that claims to be pros with tires just because I tell the story? I don’t think so. But, what will happen is that the next time they do business with this chain and a problem occurs, as is bound to happen, they will remember my story. Now that chain, and the particular store, has an additional strike against it—perhaps their last? All of the above lost, and potentially lost business, because a chain store manager let’s his ego and 20 bucks get in the way of making good customer satisfaction decisions. This is a common mistake that many managers and owners make, and not exclusive to retail. Learning From the Situation: 1. My teenage son took his car in to get the tires rotated and balanced—a free service from the pros with tires, for the life of one’s tires. 2. Driving away from the store, my son noticed the car now pulled to one side. 3. He returned to the store where they are pros with tires and asked them to fix the problem. 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge How Accounts Receivable Turnover Can Be Influenced By An Offshore Team? ned to the store where they are pros with tires and asked them to fix the problem.Managing Accounts Receivables is a detail ridden process and most business owners would rather focus their energies on marketing their products and services to drive business growth rather than get bogged down with this ‘necessary evil’. It therefore makes it both a strategic as well as a cost effective option to consider outsourcing this important function of your business.Call strategy Knowing which customers to call is perhaps the most important decision to be made before your offshore agent picks the phone to your customers. Most finance and accounting packages will help you generate a customer aging report that helps to see the age of the receivables from your various customers. Most certainly, your friendly offshore agent can be put on the job for calling customers with the worst aging profile without a second thought. Sure, some customers will not be very happy with this diligent follow up. Never mind. Remember that although the word customer is highly esteemed, it is not quite complete in itself. The more correct usage must be ‘paying customer’Knowing the customer account My previous statement on the customer will not go down well with most salesmen and I do sympathize with their strong feelings. It is no doubt prudent to respect due sensitivities on every customer account when fo 4. They said they aligned the front end and charged him for the service without his approval (something that is illegal in the state of California). He did not argue the issue as it was the end of the evening and other customers were also trying to get out of the store too. 5. Driving away again, he noticed the car still pulled. 6. The next day I went to the store and spoke with the manager, we’ll call him Dan because that’s his name. In private, I explained to Dan my displeasure in the situation and asked him to remedy the problem. He said he would. 7. Upon returning to pick up my son’s car, Dan personally guaranteed that the car now drove straight. And scribbled on a scrap of paper how he claimed one of the front tires wore unevenly because of the car being out of alignment. 8. When I asked for Dan to refund the charge to my son since my son did not knowingly authorize work to be done that would incur a charge, he got in a huff and started to process a credit. 9. While processing the credit, Dan asked what I did for a living. I told him that I help businesses to be profitable. He snidely asked if I would do work for free. I told him that up to that point, his customer service had been acceptable and cautioned him not to go further. He then told me that he did not want me to ever return to his store. 10. Leaving the store, I noticed that the tires were rotated back to the position they were in when my son originally brought the car in for the rotation. The manager lied to me about remedying the problem. All this resulting in the car back to how it was when my son first came in and the store firing a 10-year customer. To answer Dan’s question—I would absolutely do something for free for a 10-year loyal customer if I even had a hint that my organization or I might have even partly been responsible for a situation that made a customer unhappy. Waiting to speak to Dan that evening, I overheard a customer congratulate Dan on his promotion, I assumed to a district manager position. Just think what’s going to happen to the stores that he oversees if he takes this antagonistic attitude with customers that are rightfully, or even unrightfully, dissatisfied with the service delivered by the pros with tires. Receiving a promotion is not a justifiable reason to let your ego control your customer satisfaction decisions. What Can Be Learned From Dan’s Foibles? 1. Do what your marketing material, advertising material and sales invoices clearly state that you will do. 2. If your business card has the picture of a doctor checking out a tire and your advertising brags that you inspect all tires when rotated, be consistent in your actions with both your branding position. This will most assuredly mean that you have to better train your employees, even the entry-level ones. Too frequently entry-level employees execute complementary services that are offered in marketing materials but are executed poorly or incompetently. If the employees of this store did their job consistent with their company’s national branding position, and there was in fact uneven tire wear, they would have told my son about the problem rather than letting him drive away believing they damaged his car. 3. If a customer believes you caused a problem, either fix it or if you believe it was not your fault, take the time to educate and show them on the actual product what you believe to be true. 4. Don’t take advantage of teenagers lacking the life experience of mature adults, even if it is legal to do so. Besides losing me as a customer, the pros with tires, also lost my teenage son. How many tires might he have bought from this national chain in his lifetime? I can assure you that he will never buy a tire from the pros with tires. 5. Do the job right the first time. In this situation they charged my son for a service they did not competently perform. Had they have correctly aligned the front the first time; my son most likely would have accepted the unauthorized charge. If they in fact executed the service properly, with the rear tire in front and a competent mechanic doing the alignment, the car would have driven straight. When a customer comes into your store and asks to speak privately they do this for two reasons. First, as not to embarrass you in front other customers. And second, because they are very seriously dissatisfied yet want to continue the relationship—hoping that you care enough about them as a customer to take care of the problem. 6. If you truly believe you are not at fault in a situation, take the time to demonstrate on the product why you believe the problem was customer caused and still of
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