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Weekly Business Tip

Tip of the Week

We'll post a new tip each week.

“Don’t try to beat the competitors at their own game. You have to invent a new game - and master it.” Reid Hoffman (LinkedIn)
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“Do what you love and success will follow. Passion is the fuel behind a successful career.” Meg Whitman, CEO of Quibi
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"Anything that is measured and watched, improves.” — Bob Parsons, founder of GoDaddy
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“Even if you are on the right track, you’ll get run over if you just sit there.” – Will Rodgers
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“Chase the vision, not the money, the money will end up following you.” - Tony Hsieh, CEO of Zappos
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“If your ship doesn’t come in, swim out to meet it!” – Jonathan Winters
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"One of the tests of leadership is the ability to recognize a problem before it becomes an emergency." Arnold H. Glasow
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“Identify your problems but give your power and energy to solutions.” – Tony Robbin
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"A successful person is one who can lay a firm foundation with the bricks that others throw at them."-- David Brinkley
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“Yesterday’s home runs don’t win today’s games.” – Babe Ruth
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“The only place where success comes before work is in the dictionary.” – Vidal Sassoon
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"Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit." --  Conrad Hilton
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"Don't be afraid to give up the good to go for the great." --John D. Rockefeller
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“Some people dream of success, while other people get up every morning and make it happen”. — Wayne Huizenga, prolific American business person, owner of Blockbuster Video and the Miami Dolphins.

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Rule No. 1: Never lose money; rule No. 2: Don’t forget rule No. 1.” – Warren Buffett, CEO of Berkshire Hathaway
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“There are no secrets to success. It is the result of preparation, hard work and learning from failure.” – Colin Powell
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“There is only one boss. The customer. And they can fire everybody in the company from the chairman on down, simply by spending their money somewhere else.” – Sam Walton, Founder of Walmart

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"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer

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“If people like you, they’ll listen to you, but if they trust you, they’ll do business with you.” — Zig Ziglar, author, salesman, and motivational speaker.

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“Always deliver more than expected.”

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Deliver an experience your customers won’t forget. Think of some of your favorite products, services or brands. What is it about them that keeps you loyal?

Customer Experience. Customer experience has a domino effect. If you do it well, you will see a boost in positive brand awareness, traffic, and loyal customers to your place of business. “Create memorable experiences for customers and go the extra mile. That effort will pay dividends.”

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Doing business without promotion and advertising is like waving to people in the dark. You know what you're doing ... but nobody else does.

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Eight Ways to Improve the Success of Your Business:

  1. Create brand personality.
  2. Develop a strategic business plan, organizational structure, and operational support systems.
  3. Avoid common mistakes.
  4. Become connected to the community.
  5. Put your employees first.
  6. Don't just acquire customers, retain them.
  7. Get organized.
  8. Carve out a niche.

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Customer Service “Reigns Supreme”- According to a study by NewVoiceMedia, 51% of customers will not repeat business with a company after a bad service experience. Other studies have shown that it takes several positive customer experiences to make up for a negative one (if they even give you the chance). Given that loyal customers make a much easier sell, make excellent customer service a top priority. Examine your current customer service and make the changes that need to be made to ensure that your business is providing service superior to that of your competitors. You may need to invest in staff training, revamp your return policy, or make basic improvements such as responding promptly to voicemails or emails from customers.

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Don’t sell products or service, “Deliver Solutions.” Like it or not, folks out there aren’t searching for your brand, they’re just looking to solve a problem or find a particular type of product or service to meet their need. Instead of listing all the benefits your services and products bring, focus on the solutions. Convey to the customer in simple, straight-forward terms how or why your product can help them or assist in the attainment of their need(s). Consider FedEx’s iconic slogan: When it absolutely, positively has to be there overnight. This is a clear example of addressing wide-spread anxiety about the reliability of delivery services. Run through some market research to profile your target customer. How does your product or service solve other people’s needs and make their lives easier or more pleasurable? There is your focus!