Business
opportunities -- too good to be true?
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Keeping business on growth
track
Q: I've had my
own business for several years and still feel I'm losing the
battle. Finances, marketing, government -- there seems to be a
never-ending deluge of information and things to do! How is a
one-person operation supposed to keep up with everything and
keep business on a growth track?
A: Information overload can be detrimental to
your business health. And the first rule is if you try to be
all things to your business you'll probably get so caught up
in what you don't know that you won't be able to
capitalize on your strength.
Start by making a list of those
things most important to our business. If revenues haven't
been increasing 10 to 15 percent per year, you need to look at
marketing. If business has been good but you're taking out
less money, financial controls probably need attention. If
there never seem to be enough hours in the day to get the work
done, maybe you could use some organizational attention or
time management planning.
Once you have a list of things
you see as business opportunities, prioritize those that are
most important. If business has been declinging and finances
are a concern, you know you have to find new customers if you
want to survive, and that means marketing.
You're probably familiar with a
"forestry disease" that befalls many small-business
owners ... not being able to see the forest for the trees! We
all get too close to our businesses and are often too proud to
ask the opinions of others. This can be a major mistake. If
you have friends in business or belong to a business group
like the chamber of commerce, get some input from an outside
perspective. You might be surprised how simple ideas can come
from others over casual conversation.
If you need more hard core
assistance, look to the professionals. There are many
qualified business consultants who can quickly look at your
business and advise you on what is needed. You can also look
to some of the SBA programs like the Small Business
Development Centers or SCORE if your budget is tight and you
don't have funds to pay a pro.
Taking an active role in
developing business knowledge can help prevent the
"forest and trees" syndrome and keep you motivated.
There are numerous small-business magazines published,and the
library is a motherlode of books on building a small business.
Local colleges offer small-business courses that will help
improve our knowledge and ways of thinking problems thorugh.
And being involved with local business groups will continue to
motivate you i running your business as well as provide an
inner circle of people who can give you input.
Probably the most important
thing to remember is that you aren't alone. You're going
through what most small-business owners have to deal with:
identifying those areas in business that need attention,
coming up with the answers to solve the problems, and
motivating yourself to take action. Welcome to the wonderful
world of the self-employed!
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Customer Service Programs
One goal of a customer service
program is to ensure total customer satisfaction not just to
record complaints. Customer satisfaction starts with a written
program or service log. It should list all situations that
could cause dissatisfaction and should include: customer
information, explanation of the situation, immediate follow-up
with the customer to rectify the situation, after-the-fact
follow-up to ensure customer satisfaction and management's
review of the situation. A customer survey is one way to gauge
changes in needs and wants. It should include what customers
would like to see, such as new products, services or
improvements to existing practices. Remember to take positive
action to maintain customer relations by thanking customers
for their patronage.
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Customer Service Dispute
Q. I have a
dispute with one of my customers over what he thinks I was
going to do for him and what I actually said I would do. Now
he doesn't want to pay me for all the work I've done. How can
I solve this problem and prevent it from happening again?
A. First let's address prevention. When it
comes to problem customers, the best defense is a good
offense, and the best offense is a clearly written work
agreement specifically outlining what work you'll perform, how
much it will cost, what your payment terms are, and any
additional charges that will be passed on to the customer for
changes from the original plans. Both you and the customer
should sign the agreement. As a side benefit, if you ever have
a customer who wants to get the better of you after the work
is done you'll have a written commitment making any collection
action a lot easier.
As for your current problem,
your first step is to sit down with the customer face-to-face
and find out exactly what the disagreement (misunderstanding)
is with your work. Was it quality? Were there charges he
didn't expect? Was the end result not what he expected?
Determine just what the complaint is. You might even offer to
meet him over lunch -- on you, of course -- to assure him that
you want to come to an amicable resolution.
Ask your customer to explain
exactly what his problem is and what he wants you to do.
Example: He wasn't satisfied with the quality of your work and
wants you to reduce the bill, or redo part of the project. He
might even just want you to take a long walk off a short pier.
Whatever the problem is, you're fighting a losing battle until
you know exactly where he is coming from, no matter how
ridiculous it may sound.
If resolving the matter is
simple, like a minor redo or knocking a few dollars off the
bill, you might be able to take care of everything right then
and there. If the demands are unreasonable, tell him you'll
review the information and get back to him within a certain
amount of time (such as two days) -- and then stick to it!
This gives you the chance to evaluate your position without
being pressured to make a bad decision. The key in this
meeting is not to get defensive.
Once you understand what the
problem is, be honest with yourself and determine how much of
the problem is your responsibility. Be ready to bite the
bullet if necessary and give the customer a little extra to
get the problem resolved. Once you make your decision, meet
the customer again and explain why you're taking those
actions. Also let him know you're willing to act immediately
to resolve the problem.
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Business Opportunties:
"Big Cash ... Make
Million$ ... I Was Broke"
According to the Better
Business Bureau, one of the fastest growing schemes running
rampant across the country is the "business
opportunity" game. In many cases, the people promoting
the ventures are walking a thin line of being legitimate.
Often the deals are out-and-out scams.
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