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Rick Spence Kawartha Family Business Group April 27, 2009
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Companies that make the most of their support systems; and Companies that provide real value, from the customers’ point of view
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Good Food. One aisle. No hassles.
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By offering something different, by knowing your customers best, and by being the first to spot new opportunities
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Redefine your product or service by taking advantage of emerging technologies or new customer needs 7 Tough-Times Tactics
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Case study: Lakeport’s 24 for $24
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How can you become more convenient, more helpful? How can you save people money? How can technology help them do more, faster?
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Your customers are the foundation of your business and the source of your success. 7 Tough-Times Tactics
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Retailer Andy Buyting: If it gets to me, it’s free”
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Employees now are willing to work harder, change how they do things, and help the company succeed 7 Tough-Times Tactics
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Barack Obama
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Two ways to grow a business: Find more customers, or sell more to the customers you already have. 7Tough-Times Tactics
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Your customers are the foundation of your business and the source of your success. 7 Tough-Times Tactics
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Many companies miss out on opportunities because they are not good at describing what they do. Closer to the customer
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I do this (or these things) for (this market) so they can do this (define key benefit). Closer to the customer
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“Move in with them” through surveys, panels, blogs, CRM, etc. Closer to the customer
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Source: Customer Advisory Boards, by Tony Carter
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Every meeting in the company starts with a customer story
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“Move in with them” through surveys, panels, blogs, CRM, etc. Closer to the customer
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Cheap media space, websites, newsletters, SEO, blogs, Twitter, etc. Closer to the customer
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The more seriously you take your board, the more benefit you're going to derive from their expertise. 7 Tough-Times Tactics
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Schedule problem-solving retreats Create a Business Owner’s Plan Prepare a Succession Plan 7 Tough-Times Tactics
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* Find ways to bring innovation to your products and services. * Be easier to do business with * Align your staff * Make more money from every sale. * Get closer to the customer * Acquire trusted advisors * Make the most of family relationships.
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Yes We Can!
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Rick Spence rick@rickspence.ca Visit my blog at www.canentrepreneur.com
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