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ARE YOU STIFLING INNOVATION?

November 27th, 2017 Posted by Business Fix Pros Blog, Uncategorized 0 thoughts on “ARE YOU STIFLING INNOVATION?”

As we work with companies large and small, we see a management trait that is stultifying innovation, stifling new ideas, and thwarting open discussion.  Leaders who are too vested in their own opinions and view other opinions as an attack on their expertise are becoming more common.  I have personally seen ego-driven C level executives not only override other’s ideas without considering them, but then force everyone in the board room to parrot their particular point of view.  Whatever the cause, it is detrimental to your company’s growth and agility, and leaves you unable to adapt to new competition or market shifts.

Being too invested in your own ideas and failing to consider how you could be wrong makes it nearly impossible to be open to something new, especially if it contradicts your current assumptions.  This will result in your managers bringing you only those projects and ideas they feel will align with your current “world view” and forego other ideas as being too risky to bring up.  Your competitors are more likely to break ground with an exciting new innovation if this is your company culture.

The HIPPO effect is another way that small to medium sized companies compromise their innovation.  HIPPO stands for “highest paid person’s opinion”, and many meetings simply end up defaulting to what the boss thinks, rather than pursue ideas from the trenches.  Great ideas from people who actually sell your product or deal with your customers can be lost in an environment that values status over new input.

Finally, your organizational chart could be the problem with fostering innovation.  Chain of command works well with issuing orders and executing decisions, but it can bottleneck any new ideas or practices. Creative ideas that come from the middle or lower levels of a hierarchy have to work their way up through a series of managers, each with the power to veto but lacking the authority to implement the idea.  Changing a communications policy and allowing for ideas from the field to be vetted from the top, without having to hurdle mid-level managers, can do wonders for innovation and company morale.

For more on this and other topics, BASE offers a free one-hour consultation that you can register for here:

 

https://www.businessfixpros.com

 

ROTTEN TO THE CORE?

November 25th, 2017 Posted by Business Fix Pros Blog 1 thought on “ROTTEN TO THE CORE?”

Why does your Personal Trainer keep harping on core exercises? The answer is simple – all progress comes from a good foundation. It’s the same with an organization; if your core principles (or principals) are rotten, your company will exhibit the same characteristics.

Rotten to the core business fix pros

Think of it in terms of how it affects your employees. If they function in a culture where they are constantly looking over their shoulder for threats from within, they will never be prepared to do battle with external threats like competition, economic strife, etc.

I have seen this first hand in large companies. Politics, disingenuous leadership, poor communication and strife leaves middle management and the rank and file virtually paralyzed, waiting for the next bomb to drop. No new ideas are forthcoming, lest they be criticized or worse – the person proposing change can be labeled as a “poor team player”.

Witness how poorly prepared the large operations were for the onslaught of the disruptive discount model. This is what happens when you use people to make money, instead of using money to develop people.

Is your company spending a portion of its revenue on continuing education ? Do you have a budget set aside for this, complete with goals for employee turnover and development? If not, we suggest installing these immediately. Of course, we would be happy to assist you in this endeavor, but get help somewhere if this is not your forte.

Your employees will appreciate the new outlook and support. There is simply too much competition out there to be rotting from within.

SINCERITY SELLS…

November 25th, 2017 Posted by Business Fix Pros Blog 0 thoughts on “SINCERITY SELLS…”

I’m fairly certain all readers have had the experience of hearing a breathless, excited announcer explaining that this is the last possible chance to get a great deal on a car or truck from XYZ dealership.  In fact, even paying close attention is not enough to decipher the disclaimer that precedes this announcement.  This disclaimer is forced by law, due to the lack of transparency in these ads, and is of course sped up to get it in while still providing enough time for the bloviating afterward – “you will never see prices like these again!”

sincerity sell business fix pros

If you are not falling for these kinds of advertising, neither are your customers.  We need to train our associates and keep them from using absolutes and hyperbole; it comes off as insincere.  This kind of pitch – “Final Days”, etc., has been a part of the sales process for too long.  Many of our potential customers have their guard up as they enter our location, much the same as they do when they pull up to a used car dealership.

How can we expect our clients and customers to purchase more product and services from us when their initial contact was handled in this way?  Simply pointing out our product, followed by a curious “discount” that ends when they leave, is a great way to lose credibility in your market.  Instead, your sales personnel need to learn how to properly interview each potential customer and determine what their needs are.  A professional presentation allows us to look our customers in the eyes and tell them why they can trust us.  This takes training, but virtually anyone can learn to do this if they believe in the product exhibit the lifestyle.

Often our advertising can be a big part of the problem.  While price-point ads can be effective in some instances, they demean your value when used too often.  We would do well to remember that we are asking people to spend a relatively small amount of their discretionary income on our product, and there is no good reason for them to refrain from coming to us for their needs. If we present ourselves in an unprofessional manner, we will lose them right from the start.

Simply put, when it comes to “Final Days”, they’re just not buying.

Contact us for a complimentary one-hour consultation on this or any other facet of the industry, and watch for our webinars and training sessions throughout the year.

WHAT IF YOU JUST GAVE UP?

November 25th, 2017 Posted by Business Fix Pros Blog 0 thoughts on “WHAT IF YOU JUST GAVE UP?”

I’m certain everyone reading this has learned something through repetition. Maybe it was a musical instrument, or a particular skill. Perhaps it was a sport you were interested in, and had to go to practice until you became a valued member of the team. Children are taught new things all the time, and are told they must evaluate what they learn through homework, testing, etc.

WHAT IF YOU JUST GAVE UP?

Imagine what would have happened if you had given up immediately on learning to read, or riding a bike – where would you be? Repetitive behaviors encourage proficiency and hone skills; however, we see the reverse of this in the business world all the time.

New practices and techniques are discarded almost immediately when immediate success is not achieved. “That won’t work in this market”, or “I tried it but it wasn’t effective” is proclaimed after a few casual attempts. Where did that kid who practiced his/her soccer skills for hours in the park go?

Overnight success usually takes about 10 years – rarely does anything of value come immediately. If it did, everyone else could also do it and your skills would be worthless. You are not going to go to a convention or seminar and immediately be adept at the things you learned there. Practice, repetition, and supervision combined with critical thinking is vital for success. You are responsible for the success of a team or a business, and it is incumbent upon you to be the coach – do not let them give up simply because they are not succeeding right away.

Doggedly pursuing an activity or procedure that has proven ineffective isn’t smart either, but how will you know if your staff has taken a few cursory stabs at it and reported that it doesn’t work? We have gone into many businesses and seen exactly this scenario – a staff that is threatened by change and therefore torpedoes any new initiative that might result in more work. As a leader, you must drive change through effort. Training, practice, and honest evaluation of results – none of this happens overnight.

For information on staff training, new techniques, and what to measure for success, please contact us for a free one-hour business consultation.

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You can reach out to us directly here for any questions. We will reply back as soon as we can and are looking forward to speaking with you!

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