Podcasts about business guidance

I saw a commercial on television for the pain management center in my area. They were proud of their 10 years of service to the community, and they put a nice advertisement out to encourage people to use their services. It got me thinking; Do many companies attempt to mitigate, or eradicate customer pain points? Imagine what our businesses would look like if we just focused on the top three customer pain points, and then we actually eradicated them. It's another way of promoting continuous improvement. If you've never engaged in anything like this, maybe it's time to start doing it now?Support the show

The “Experience Economy” is large and in charge in today's business world. Often times if is the “HOW” we provide services that override the “WHAT” we provide. It sounds inverted, but it is reality in many cases. Customer perceptions are now heavily leaning into the “HOW” we do business . Good perceptions provide our sails with some needed wind at our backs, while negative perceptions leave our boats at a standstill. To compete in today's business world, we must address that “HOW” factor with as much fervor as we do the “WHAT”. The good news is that unhealthy service reveals itself in patterns that are repeated with regularity. This makes unhealthy service easy to find if we are looking. Maybe it's time to become a pattern detective within your own company?Support the show

Customers place high value on vendors that display reliability and consistency. If so, then why do so many companies deliver service when, and how it is convenient for them. We address this in out book. Service When It Is Convenient For Us (SWIICFU) is far too common in today's business world. It is a company-centric model versus what should be a customer-centric model. What say you? Is it time to shed your SWIICFU mindset in exchange for a model that better serves customers?Support the show

Customer issues often repeat themselves, and carry the same characteristics time over time. Knowing this, does your company address the deeper problem of why issues are repetitive and reoccurring, or do you just try and fix the current issue without a deep dive? Imagine what your business would look like if you took aim at never having the same problem happen a second time? Maybe it's time to set up issue resolution protocols that fix the deeper problems causing customer dissatisfaction?Support the show

Search is the optimal word. Customers will very rarely tell you that they are leaving, and why they are leaving. You have to go find the information, filter it, investigate, and then fix it. The cost to reinvent a lost customer is far too expensive to do on a routine basis. The road to customer loyalty is paved by not making the same mistake twice. Your future is an four R (RRRR) proposition. Retain. Repeat. Refer. Reap.Support the show

It feels like this concept has taken a backseat over the past few decades. However, standard operating procedures are a great way to regiment your business so that you can train new associates, deliver better customer satisfaction, and create profitable guard rails for your business. If you have never sat down and mapped out the standardization of your procedures, we would highly recommend you doing so. It can be a fun project, and can really cut down on margin erosion, while creating better customer service.Support the show

If you're groping as to how to begin and end an email, or phone conversation, following the CPA method will take the anxiety out of the process. Simply inject an opening salvo of courtesy, then outline the reason you are corresponding with the customer, and then conclude by stating the action you are asking the customer to complete. It's simple, quick, fail safe, and admired by readers. If you stick to this simple CPA method, your business correspondence style will stand out as best-in-class.Support the show

Verbally cutting to the chase has become an acceptable business norm. However, in doing so, we often bypass opportunities to ask our customers about their lives. If we know they've battled illness, or tragedy, or have been on cool vacations, or have taken time off, wouldn't it be nice just to ask them how they're doing with any of those subject matters? Don't you think they would appreciate that? Next time you default to start cutting to the chase, pause, and strongly consider asking a couple human interest questions to demonstrate your interest in their world.Support the show

My son-in-law is a DJ, so he constantly needs to have fresh content to use as transition segues. As a result, he processes everyday life situations as possible opportunities for content, and he is really good at it. If we follow that same mindset, we can bump into life experiences that are actually transferrable to our businesses in the form of continuous improvement. All we have to do is pay attention, listen, filter, and then creatively transfer these observances to our own businesses.Support the show

As vendors, we are in the business of winning customers to our side. Being polite was a given during the 1900's. However, nowadays politeness is being dismissed, and replaced by speed of mission. When was the last time you took a step back and looked for politeness in your dealings with customers? If you don't find it, we highly encourage you to view politeness as a sign of respect for potential customers, current customers, and associates. Your repeat and referral business will appreciate it.Support the show

We live and work in a world that is so fast paced, that we only have about 30 seconds to make a good first impression. What are you doing with that first 30 seconds with a potential customer? Are you planning this out? Are you rehearsing the dialogue? Are you considering human interest, and human relations principles as you manage your team, and their handling of first impressions?Support the show

Sometimes when we try and fix a customer problem, we bump into the discovery that we are making things confusing, and complicated for customers. How cool would it be if a team of employees were to go out and look at every aspect of the business, and uncover other opportunities to exchange complication with simplification? This could be a fun summertime project. Simplicity is admired by most customers.Support the show

The business landscape is littered with scads of operators that tend to sweep issues under the rug, rather than roll up their sleeves and try to fix issues. Problem sweepers are a dime a dozen. Sweepers are easy to find, but solvers are a rare commodity in today's world of apathetic workers. Next time you're confronted with a difficult issue, we encourage you to look at it as an opportunity in disguise. Issue resolution allows a worker to develop new problem-solving skill sets. Problem solvers win the hearts of associates and customers, and they can command higher salaries than sweepers.Support the show

People feel disconnected and uncomfortable when they're having a conversation with someone who is only half listening. What amazes me, is how many times we choose to do this in business. Why? If you are trying to win a potential customer to your side, why would you only give them half of your attention in the process? If this is you…perhaps you should think about paying full attention to someone who might be spending money with your company.Support the show

Eye to eye contact builds connectivity during a business conversation. Looking down, or looking away creates customer uneasiness, feelings of alienation, and heightened skepticism. Teach, train and manage, consistent eye to eye contact with buyers, and watch your customer loyalty increase.Support the show

Sounds like a funny question right? Well I just ran into a very strange situation a few months ago, and I feel compelled to share it. I was leaving a voice message for a vendor when I heard a bunch of F-bombs coming from him as I was leaving my message. Apparently, the vendor never stopped recording, and it eventually captured an inter-office business conversation laced with vendor F-bombs. The F-bombs start revealing themselves about 10 seconds after the vendor voice message finishes, but the caller never hears a beep prompting the caller to start leaving their message. Imagine how many customers, or better yet, potential customers, have heard this, but never said anything to the vendor. I called the vendor to let him know, and he was flabbergasted. Maybe it's time to check your voice message. Keep listening to make sure it doesn't contain something potentially embarrassing, or damaging to business opportunities. Support the show

I learned a valuable, and painful lesson years ago. I met three customers for important lunch, and for the second time, I was 15 minutes late. Little did I know that the leader of the customer group was an ex-marine, and punctuality was a standard operating procedure for him. As I greeted everyone and sat down… I got my head handed to me. From that day on, I have worked diligently on trying to be punctual in business. It's probably one of my biggest weaknesses in business, and life. I constantly try to get better at it. What say you? Where do you fall in the spectrum of punctuality? What improvements can you make?Support the show

This concept may get a chuckle or two. However, this operating tenant is often times skimmed over in the board rooms and training rooms. The customer experience is set on the right axis if the vendor displays genuine politeness. This is especially important in the first 30 seconds of a business relationship. Starting the transaction, and continuing the transaction with the common thread of politeness will enhance positive reviews for each customer experience. It's simple, yet grossly overlooked. Maybe it's time to find out what your customers think of you? Don't be shy… ask the question and be prepared to be a little shocked.Support the show

Business streakers are fast operators who vanish just before they get the project ball across the finish line. These enthusiastic beginners magically disappear at critical times. As a result, customer projects yawn past expected completion dates, and the streaker fails to answer crucial phone calls, emails, text messages, or knocks on the door. Poof! Gone! Nowhere to be found! Then all of a sudden, like an unexpected sand storm, the streaker reappears to frantically bring the project across the finish line with a flurry of issues, mistakes and excuses. If you are a company leader, we encourage you to locate your streakers, and then STOP them before they ruin your company. Retrain them if possible, or remove them. This is why customers detest business streakers. Customers want even-keeled project management that avoids streaky service hampered by problems!Support the show

We are going to flip the tables and talk about customers for one minute. As vendors attempt to provide quality services, questions may arise that need customer input, or direction. The customers can be both invoice-paying customers, or internal associates. Regardless, I have watched many transactions travel through time-wasting, and money-wasting rapids that could have been avoided with expedient, and comprehensive customer feedback. Do you want smooth and timely transactions? Okay, then answer 100% of the questions you are asked, and answer them with punctuality! Quality transactions are usually paid for with the two-sided, customer/vendor coin. Support the show

Design well. Manufacture to exceed expectations. Take no shortcuts. Audit properly. Audit regularly. Be the customer. Constantly improve. Imagine if you were to run your company with these seven principals? The result could be a premium price that you explain once, and that is defended by exceptional deliverables.Support the show

Do you want to deliver a pleasant surprise to your customers? Do you want to look fresh and exciting to customers? If so, all you have to do is take ownership of you actions, and retire the societal trend of blame-shifting. Novel. Humble. Endearing. Lucrative. Make action ownership a hallmark of your company, and watch your business grow!Support the show

Many companies put the cart before the horse by expecting customers to trust them first, rather than earning trust through action. Has your company inverted the trust relationship? Repeat and referral business grows for companies that consistently demonstrate trustworthiness. Do your actions back up your marketing and sales claims? Are you expecting and demanding trust from customers, or are you willing to be an earner?Support the show

We live in a feature driven product world. Buttons, modes, settings and codes accompany so many products we buy. But what benefits do all these features serve? If you are not in the habit of explaining what the features do for customers, now would be a great time to start generating effective ways to explain the benefits of all these buttons, modes, settings, and codes.Support the show

This is a classic example of putting yourself in the customer shoes. If you want to make customers happy, do your very best to eliminate mysteries. The best place to start is to voluntarily provide information that addresses the questions of why. If you can prevent your customers from asking unnecessary questions, they will love you for a long time, and refer your company to other people.Support the show

Changing customer expectations mid-transaction is usually a dangerous proposition. If you want to increase repeat and referral business, make sure that your deliverables meet the expectations that you advertise.Support the show

Most customers like vendors that employ sales and service personnel who make things happen. There is nothing more frustrating to customers than to watch their orders handled sluggishly. In addition, customers love vendors that can solve problems quickly, efficiently, creatively, and with tenacity. If your customer facing employees lack these inherent qualities, it's probably time to move to Plan B which is a focus on hiring initiators who can lead.Support the show

Business issues that have no immediate solutions are rather common. What's uncommon are vendors that meet problems with multiple solutions that are ready to plug and play. No one likes to hear about problems unless they can also hear about remedies. We encourage you to find ways to be a remedy centric company who focuses on creative problem-solving.Support the show

Often times we overlook the significance of providing customers with voluntary updates. Information is KING. Information is powerful. The value of putting customers at ease is hard to quantify, because it is almost priceless! Demonstrating good order stewardship is proving that you care about the customer's money. If an apple a day keeps the doctor away, then information given away, keeps your customers happy today.Support the show

“Tell them what they want to hear to shut them up!” “Keep the deal rolling…tell them what they want to hear.” “Don't lose the deal…tell them whatever you want…just don't lose the deal.” “I don't care what you tell them…they better not cancel the deal.” Do these lines sound familiar? If so, take a look at how many customers got a line of BS from your company similar to the previous quotes. Customers are smart…much smarter than we care to admit. Today is a GREAT day to stop the BS, and start telling customers what they deserve to hear.Support the show

If you want to win over millennial and and Gen Z buyers, being authentic is essential for vendors. Be real. Be genuine. Be transparent Be honest. Be humble.Support the show

Customers want vendors who are primarily classified as doers. Customers want orders to flow seamlessly. They want action. They don't want lip service, they don't want clever schemes, they don't want blame shifting… They just want vendors who do what they say they're going to do. Ready. Set. Go.Support the show

Imagine reading one business skill-building book with a goal of obtaining three take-aways? Imagine doing this once a month for 12 months? With 36 new skills sets in one year, imagine the goals you could achieve, the raise you could get, or the new job you could obtain? Skills are transferrable from one job to the next. It all starts by cultivating a mindset to acquire new business skill sets! If you don't know where to start, then we suggest you start With Dale Carnegie's book entitled “How To Win Friends & Influence People.”Support the show

Our fast-paced business world is moving further away from this principle. What would happen if we made a deliberate effort to talk with our customers? It's a simple question about a lost art! We encourage you to carve out some time to bond with your customers. They will love it, and you will pick up many, many ideas that can be used for continuous improvement! Support the show

Business is a two sided coin. One side is what you sell. The other side is how you sell it. Each side of that coin creates customer experiences. Is your company actively dissecting all of the experiences you create? Are you sometimes overlooking the “how you sell” side of your business?Support the show

Customers can sense when companies are setting the service bar at a bare minimum. The companies that aim higher elevate the customer experience, and will benefit from an abundance of repeat and referral business. Avoid being “run of the mill” and aim at delivering exceptional customer service.Support the show

 Sometimes a series of small changes help you deliver better customer satisfaction , rather than making wholesale, sweeping changes. When was the last time you sat down to identify 10 or 15 improvements you could make on your website? When was the last time you challenged the wording of your website? When's the last time you tried to modify your procedures to make it easier for the customer? Imagine implementing 10 or 15, one-percent changes within 24 hours? These can become small force multipliers. Try it sometime. We are confident you will love the outcome.Support the show

Voluntary communication from the vendor is a display of good stewardship in action. Customers want to know that their money is being spent wisely. Vendors demonstrate good stewardship by sending voluntary information designed to educate, inform and equip customers with helpful updates about their transaction. Do you want more repeat and referral business? Courtesy communication is a great tool to help you achieve that goal.Support the show

After decades of consistently baking up conversations in writing, I let my guard down one time in December. The lack of written confirmation came back to cause me painful issues in February. Do you confirm the details of critical conversations in writing? If not, maybe it's time to start. A two-minute email could save you thousands of dollars!Support the show

Turn the noise off, leave the electronics home, find a place to think… and continuous improvement ideas will pop up everywhere. You just need to quiet the noise, search your mind, reflect on possible improvements, and then write them down. It can be therapeutic and refreshing at the same time. Our minds are amazing creations, and we really see what they can produce when we search and listen. How about you? Do you ever search your mind in total quiet, and with a pen and paper nearby! Try it. The results will astonish you!Support the show

Football quarterbacks often call audibles because they read the playing field and see something that could damage their play calling. We are no different in business. Sometimes we need to call an audible in order to reshape our approach to something we see when we read the room. Do you read the room routinely? Do you sometimes reshape your approach after reading the room?Support the show

Mature companies often find themselves saddled with internal squabbling about issues that are actually quite insignificant. If this is happening to your company, you are inadvertently taking your eye off the customer ball. Maybe it's time to revisit your roots, and fall back in love with focusing on some of the major issues that can create good customer experiences.Support the show

Margin erosion is a sneaky business killer that can unnecessarily send a company to the boneyard. Becoming a doctor of details is essential to protecting the precious pennies of profitability. If you are not willing to get into your company weeds, than brace yourself for a painful impact sooner than later? What say you? Are you putting your operational weeding gloves on to make sure you are retaining the profitability listed on your costing sheet?Support the show

After 35 years of tracking bad customer experiences, the lack of these two actions are the bedrock of buyer dissatisfaction. Period. End of Story. You want a more profitable bottom line? Do you want to stay in business for the long haul? Do you want customers to come back for more? Deliver on these two actions and most of your problems will be solved.Support the show

The best return happens when companies aim their improvements at customers. Buyers have a keen awareness of which companies prioritize customer satisfaction over company profitability. The best companies know that happy customers will lead to healthy bottom lines. Where are your improvements aimed at?Support the show

The common thread of championship athletic teams is humility. At a certain point, once the collective team becomes humble, the real improvement and growth starts. Without that humility, the teams will never achieve the ultimate goal of a championship. It's no different in business. If we want to succeed, and grow as businesses, the collective personnel must become humble enough to pursue improvement. Are you humble enough?Support the show

Sadly, customer perception molds customer reality. This reality may not be true, but to the customer, it is their reality. If companies want to create better customer experiences, it behooves the company to understand the various realities customers are seeing, feeling and receiving. If you have never jumped into the customer shoes to experience your product/service, now might be the perfect time to do so. While your at it, get behind their keyboard, wear their glasses, and sit in their chair. You will quickly learn that customers see our companies differently than we imagine.Support the show

Companies can lose BIG money when they deliver a product that looks, and feels inferior to the original sample. This happens all too often. Why? Companies want to pad profitability by using cheaper raw materials for the order fulfillment production. Is your company doing this? If so, maybe it's time for an integrity-driven approach to filling customer orders? BTW…the example in this video created a $696,000 loss for the manufacturer!!!Support the show

Many of us split our work week between our homes and company offices. Trade professionals transition from job to job in the same day. Each of us has common tools of our trade to work quickly and efficiently. However, many of us come to a work location without the necessary tools to perform our duties. Is this fair to our employers? Is it fair to customers? What about our associates and team members? Is it time to repack your backpack or car to make sure you have what you need to do your job?Support the show

What does digital trust really mean in today's AI-driven world? How are AI and quantum technologies changing the way organizations build and maintain trust? How can businesses act responsibly and ethically while embracing innovation?In this episode, Punit Bhatia talks with Sebastian Hallensleben, an expert in AI governance and digital trust. They discussed how the EU's common AI standards and the OECD's business guidance are helping shape the next phase of responsible and trustworthy innovation. Together, they explore how trust, ethics, and compliance come together in a world powered by AI and quantum technology.