Grow your business by adding sticking power to your resolutions

Written by Al Hanzal


Growing Your Business by Adding More Sticking Power to Your Resolutions

If you are like me, a new year brings dreams of a fresh start for your small business. Hopes abound forrepparttar new year. But, inrepparttar 103380 back of your mind, you may remember your past resolutions. Resolutions that were swallowed up inrepparttar 103381 bus-i-ness of daily life. By February, you have already moved on, with January’s resolutions only a vague memory.

Here’s a quick and easy way to grow your business by making your business resolutions last longer thanrepparttar 103382 end of January! Make your resolutions from a customer perspective. By focusing on your customer’s interest, you give a new purpose to your business resolutions. You give your resolutions more sticking power and more opportunity to grow your business!

Step One--Go withrepparttar 103383 Customer Winners “Go withrepparttar 103384 Winners.” Create a list of ten customer successes you had in 2004. These could be customer sales on a particular product; lead generation successes; selling model successes; customer follow up processes; different product or service offerings. These winners could be a more customer friendly website or an internal process that made it easier for customers to buy or buy more often from you.

If you are having difficulty identifying these customers winners, focus on areas where customers made nice comments about your business; places where they sang your praises; activities or areas where customers where delighted with your business efforts.

Now take three of these winners and do them again in 2005. They were customer winners in 2004; you can make these winners again in 2005. Create a simple plan. The plan should include what you are going to do, how you are going to do it and when are you going to do it. Write it down and post it where you can see it every day.

Step Two--Droprepparttar 103385 Customer Losers Every business has losers. You have losers. What are customer related activities that cost you money, lost time, or lost productive energy in 2004? Make a list of ten customer losers.

You may find your losers inrepparttar 103386 same areas where you found customer winners. These could be areas of products or services, lead generation, selling models, customers follow up. They could be either internal or external activities that were not customer successes. Dropping losers is hard. You may have sacred cows you are afraid of dropping. If you need courage to drop a loser, remember your customer perspective. If it wasn’t a winner for them, why do you want to keep it? Besides, if you don’t eliminaterepparttar 103387 losers from your business, there will be no room for more winners.

If you are unsure about what losers to drop, ask yourself what are your customer’s biggest complaints? Where did they express disappointments? Where did they say you could do better?

Beginner Inventors Four “Mistakes” for Disaster

Written by M. R. Benson


Most beginner inventors get spun intorepparttar “Get Rich Quick” furor which is mistake One. Mistake Two is that beginner inventors are unaware ofrepparttar 103379 risk, effort, money and resources required to bring new inventions to market and make a profit. Then because they are spun intorepparttar 103380 furor and unaware ofrepparttar 103381 risk, effort, money and resources needed,repparttar 103382 beginner inventor believes that there is a simple and easy answer to bring a new product to market and this is number Three. Number Four isrepparttar 103383 typical human trait fault of “Hearing what we want to Hear”. These Four “Mistakes” of beginner inventors is a recipe for disaster.

Mistake One: The “Get Rich Quick” furor There are news stories, magazine articles, books, web sites and businesses that propagaterepparttar 103384 “Get Rich Quick” furor and yetrepparttar 103385 US Patent Office statistics states that 97% to 98% of all patents issued for new products never make it to market. Although it is not clear how many ofrepparttar 103386 2% to 3% new patented products brought to market are generated from established manufacturing companies introducing new products, it can be assumed that it isrepparttar 103387 majority. The multi-billion manufacturing sector ofrepparttar 103388 economy risks many millions of dollars on research and development and employs countless business professionals, marketing professionals, industrial designers and engineers to guarantee new products will be brought torepparttar 103389 market place. Therefore it can also be assumed that independent beginner inventors likely makes up a very small percentage ofrepparttar 103390 2% to 3% of patented new products that make it to market. To believerepparttar 103391 “Get Rich Quick” furor isrepparttar 103392 biggest mistake that beginner inventors can make. If it can be believed that there is a “Get Rich Quick” solution to bring new ideas and products to market, it could also be believedrepparttar 103393 multi-billion manufacturing sector ofrepparttar 103394 economy would employ that solution. But they employ many professionals that work hundreds hours and spend many hundreds of thousands of dollars per each new product launched, not a “Get Rich Quick” solution.

Mistake Two: Unaware ofrepparttar 103395 risk, effort, money and resources required Yes,repparttar 103396 multi-billion manufacturing sector ofrepparttar 103397 economy employs many professionals that work hundreds hours and spend many hundreds of thousands of dollars per each new product launched. These staffs also utilize expensive resources like their prior company product data of similar products, their existing customers and distribution networks, their test laboratories, their prototype facilities and their existing manufacturing facilities to effectively bring their new products to market. The average new product that is brought to market takes 1 ˝ to 3 years to develop and launch. Whenrepparttar 103398 general public makes a trip to any store, they are unaware ofrepparttar 103399 grand effort and expense that is behind placing those products onrepparttar 103400 shelves. Similarly, because beginner inventors emanate fromrepparttar 103401 general public and notrepparttar 103402 manufacturing sector, they are unaware ofrepparttar 103403 risk, effort, money and resources required to bring a product to market.

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