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Newsletter Archive

We hope you find this arcthve useful. A subscription to The Small Business Advisor Newsletter is free. Subscribe now - it's easy!

The Small Business Advisor Newsletter for July, 2001

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CONTENTS
      Notes, tips, etc
      Working with Employees
      Increase Your Sales By Wearing Your Customer's Shoes
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NOTES/TIPS/etc
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ADVERTISING TIPS. Check out this new feature at The Small Business Advisor, http://www.isquare.com. A new useful tip every day!
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GOOD TIMES / BAD TIMES. Be very careful how you treat existing or new customers when times are good … you'll need these folks when times are bad. How many times have you been blown off by a business because they were "too busy?" Don't you do it. Treat everyone - no matter how busy you are - like they are your most important customers. Someday they might be!
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If you run a small business or home based business, the United States Postal Service gives you a big advantage. They'll deliver your Priority and Express Mail shipping supplies right to your door, for free. Supplies you can get include several sizes of boxes (for shipping via Priority or Express Mail only) and tape. Call 1(800) 222-1811 to establish a free account that makes ordering very easy.
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REMINDERS!
* Have you backed up important data/files lately?
* Have you checked to make sure your telephone company has not increased your rates?
* Have you contacted your best customers with a special deal or to ask if they need you?
* Have you told your employees how important they are to you?
* Do you have a website online for your company?
* Have you investigated a toll-free number for your business?
* Do you accept credit cards in payment for your product/service?
* Does your answering machine include your website address?
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HEALTH INSURANCE QUESTION
Q: I lost my health insurance after quitting my job and starting my own business. Where can I find information on selecting new coverage?
A: Start your search with the National Health Information Center (NHIC) organization in Washington, DC. 1 (800) 336 4797. Visit their website at http://www.nhic-nt.health.org. Also remember that many organizations provide health insurance coverage for individuals. Check with any groups of which you are a member. (See below)
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MEDICAL INSURANCE: Medical insurance can be a problem for the self-employed home or small business owner. Check out the National Association of Self-Employed (NASE) at http://www.nase.org.
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FIND THE LEAST EXPENSIVE WAY TO SHIP. Visit http://www.smartship.com to compare all the major carriers.
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If you run a small business or home based business, the United States Postal Service gives you a big advantage. They'll deliver your Priority and Express Mail shipping supplies right to your door, for free. Supplies you can get include several sizes of boxes (for shipping via Priority or Express Mail only) and tape. Call 1(800) 222-1811 to establish a free account that makes ordering very easy.

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WORKING WITH EMPLOYEES
by Robert Sullivan

Dealing with employees (contracted or yours) is always challenging and will tax your best management and leadership skills. The following listing, based on a good deal of experience, are items to consider that will help keep you out of trouble when dealing with your employees:

* Be willing to pay for the best. Remember, you get exactly what you pay for ... no more and no less.

* Everyone has their own way of doing things. We all seem to forget this and insist it be done "our way." A better approach is to give instructions as to what is needed and allow the individual to provide the method.

* Remember to always criticize in private and to praise in public.

* Remember that EVERYONE needs to feel appreciated. Talk to your employees and make certain they know they are providing a valuable service.

* Stay visible. Make certain all your employees see you at least once a day. Your employees need to know you're involved and interested.

* Keep your promises. If you say you're going to do something, do it! There are no good excuses in the eyes of your employees.

* Ask your employees for suggestions on a regular basis. Do this personally ... not just with a "suggestion box."

* Allow your employees to fail! It is well documented that successes are generally preceded by one or more failures. The employee who is afraid to fail will be less likely to be innovative. It is up to you to see that none of these failures is fatal to the business.

* Every employee must know exactly what their responsibilities are and what authority they have for carrying out these responsibilities. This usually is accomplished by very precisely written job descriptions.

* Manage by objectives. Each of your employees should be assigned (by mutual agreement) specific goals to be obtained within a certain period of time. These goals must be measurable and you will periodically review them so that corrective action, if needed, may be taken to get back on track. Managing by objectives stresses real results as opposed to a job description which only lists the individual's responsibilities.

* Constantly motivate your employees to do a good job. Talk to them about their job and its importance to the business. Maintain an "employee-of-the-month" program with an appropriate certificate and a traveling trophy. Make the monthly presentation with fanfare.

* Implement an effective training program to encourage promotion. Any employee who thinks they are in a dead-end job will not perform up to expectations. · Remember the "Peter Principle"... to paraphrase: Everyone rises to his or her level of incompetence. See that this does not happen in your organization.
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INCREASE YOUR SALES BY WEARING YOUR CUSTOMER'S SHOES
By Sue Barrett

Your customer is the core of your business. If your customers aren't satisfied, they aren't going to stick around. You need to keep them happy by understanding specifically what they want.

The first step to understanding what your customers want is to find out WHY they might want your particular product or service. Then, focus on how you can make their shopping experience the BEST it can be.

So how do you do that? Put yourself in the Customer's Shoes and ask yourself!

OFFER A SOLUTION TO THE "WHY"

As a customer, you will often shop for a new product or service because you are dissatisfied with something, and you want to change it. You have a specific need and information you need to know in order to make that purchase. What will stimulate you to buy?

Take this situation for example; your car breaks down, and you need to be at the airport for a flight that leaves in one hour. Will you choose *Fast Mac 's* towing service - Mac can help you in five minutes, or will you choose *Cheap Pete's* towing company - Pete sure has a great price, but he's busy eating lunch for the next two hours.

In this case, are you stimulated by speed of service - or by price? Understand what stimulates YOUR customer to buy your particular type of product. Take that information and turn it into your competitive advantage!

MAKE YOUR CUSTOMERS WANT TO COME BACK

In addition to knowing what your customers want most, it is important to know HOW you can do the best job for them. Treat them how you would want to be treated.

Remember that you are a customer yourself. Think about what affects your shopping experience. When you are doing business with a company:

- What do you like about them?
- What do you dislike?
- When you leave, do you feel satisfied with your purchase?
- What makes you want to go back and do business with them again?

Evaluate other companies. Ask yourself the following questions, and incorporate into your business what you believe will make your customers happy and motivate them to do business with you.

Is it convenient to do business with this company?

- Do you have to tediously search for what you're looking for, or can you find it quickly and easily?
- Can you buy what you want at a time and place that's convenient for you?
- Does the company offer a variety of different payment options?
- Are product features simple to understand?
- Can you easily return items that you aren't satisfied with?

Do you find their customer service helpful? Does it exceed your expectations?

- Can you get help quickly?
- Does the company provide information to help you use their product or service?
- Can you get an honest, helpful recommendation from someone who knows what they're talking about?
- Do salespeople give you personal attention? Do they remember your name?
- Does a representative follow up with you after you make your purchase to see if you have any questions or problems?

Are you impressed by their appearance?

- Does the company present a professional and friendly image?
- Is the business operation clean and inviting? Well-organized and efficient?
- Is the product packaging attractive?

Always listen to your customers and build rapport with them. You can also continually find out new things they want through simple surveys and questionnaires. Even the small details can make the difference in keeping customers loyal. By focusing on your customers' needs, you will automatically minimize conflict. You will also show you care.

The more you focus on your customers, the better you'll be able to understand them, and you'll be better equipped to offer that competitive advantage. That competitive advantage will ultimately bring you more sales.

Contact Sue Barrett at FApublications, the Home Business Center at www.homebusinesscenter.com or at sue@homebusinesscenter.com.

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