Professional sales people get a bad rap. Sales is an honorable profession, but it has been sullied by poor practitioners of the craft . . . sales people who are determined to make the sale regardless of the needs and wants of the customer. We’ve all run into pushy […] Continue Reading…
“Success is not determined by the flawless execution of a plan. It is determined by how people react to failure.”
“I haven’t failed. I’ve found 10,000 ways that don’t work.”
“The way to succeed is to double your failure rate.”
“What would you attempt to do if you knew you could not fail?”
Lots of thoughts about failure, but it’s an important aspect of business life. It’s the consequence we must consider […] Continue Reading…
“Good enough is never good enough.”
“Good enough is never good enough.”
– Jack Welch, General Electric
“When you’re better than ‘good enough,’ your price is too high.”
– Sam Bowers, business professor and lecturer
It’s hard to argue with a business legend like Jack Welch. And he’s right. We need to continuously tweek and refine our product […] Continue Reading…
“Quality is no longer a differentiator. Quality is your ticket to the dance to compete with others who also have quality.”
The same could be said of many things we offer up as differentiating us from our competitors . . . aggressive pricing, on-time delivery, outstanding customer service, great response time, to name a few. You have to do all those things. Customers expect those things, and without them, you […] Continue Reading…
“The purpose of your organization is to meet customer needs. That’s the game. Profits are the score.”
That’s obvious, isn’t it? Well, it should be, but we often behave as though our customers must meet our needs. Think about it. Do you impose deadlines on your customers to make life easier for you? Are your pricing schemes aimed at getting customers to buy the way you […] Continue Reading…
“If your business keeps you so busy that you have no time for anything else, there must be something wrong, either with you or with your business.”
Do you have time to do things you want to do outside of your business? Or, said another way, do you feel you have good “balance” in your life? Obviously, there are times when business activity is high and things can get a little hectic, but that’s not what […] Continue Reading…
“Compensation is an equity issue. People want to know that they are being compensated fairly compared to others doing similar work within the company, and to others doing similar work in other companies. After that, it’s a non-issue.”
It really is that simple, yet we continually find ways to complicate the situation. For example, let’s say we’ve got two employees, Bob and John. Bob has been with the company for 20 years, John for only 18 months. They both do the same work and do it equally […] Continue Reading…
“It’s not that our aim is too high and we miss it, but that it’s too low and we reach it.”
Michelangelo offered that advice about 500 years ago, but I think we have to be a little bit careful how we apply it in our businesses.
Clearly, setting goals that can be achieved at a walk is a bad idea. People don’t get much sense of accomplishment when the goal […] Continue Reading…
“People don’t come to work everyday to do a bad job.”
Mostly true. Sure, there’s the odd malcontent who’s mad at the world and wants to challenge authority, but as a rule, people really do want to do what’s expected of them. When they don’t perform as expected, there are generally two reasons, both of which are failures of management.
The […] Continue Reading…
“A company’s culture is defined by what it tolerates.”
All companies have a culture. In some cases, the culture is one that has been carefully constructed and nurtured, in others, the culture has evolved haphazardly over time, but either way, a culture is present, and it is defined by what it tolerates.
Think of IBM in the early days. […] Continue Reading…
