Showing posts with label knowledge. Show all posts
Showing posts with label knowledge. Show all posts

Monday, 7 March 2011

Small Acorns


Words: 423
Reading time: 1 min 25 secs

The small business that begins with one individual using a particular technical skill, be it plumbing, printing, legal, web design, or any one of a host of other talents will eventually reach a sales and profit plateau unless something changes.

What may not be obvious is that if potential new customers are not signing up they are telling you they are unhappy and it means that the business needs to do something about it. That’s a valuable lesson, because it will probably apply equally to your existing customers who have refrained from complaining with typical British reticence. You, as the astute small business owner, need to pick up on the language of silence.

Before launching into an expensive (and possibly fruitless) campaign to find fresh fields to harvest, have a look at the ground you are already ploughing.

Your current customers provide your current revenue and they need to be cared for first. And your best customers should receive most of your attention. If you want your customers to stay with you then they are deserving of some special treatment even if it results in being slightly unfair to newer, smaller customers.

This may seem obvious but many businesses just take their present customers for granted. A moment’s reflection will probably reveal that your relationship with your customers is the often only thing stopping them switching to another firm. Such relationships need worked to keep them fresh and constantly renewed. That need not be particularly expensive, or time consuming – but it is invaluable.

Being a great plumber is only part of making a living in a plumbing business. Marketing and sales skills are also needed, as are finance and self-motivation. Without those skills being appropriately exercised customers will neither be recruited, nor will they stay and the technical skill, whatever it is, will be destined to waste away from lack of use.

If you have had the nerve and the self-belief to set out in business for yourself the need to learn more about how that is done successfully will come as no surprise. These are not natural, instinctive skills and few of us have the time or the money to make all the mistakes required to learn by trial and error.
It is demonstrably easier and cheaper to learn from those who already have the proven skills and are willing to share them through seminars, like those provided by H&H Business, to add the missing ingredients of success. They are a shortcut to early success and save an awful lot of time.

Monday, 7 December 2009

Voices in the void

Words: 80 Reading time: 0 minutes 16 seconds

Many of us need the echoes of others to confirm our belief in ourselves. Perhaps it is this that lies behind the undeniable success of sites like Facebook and Twitter, the provision of feedback on blogs and the value ascribed to them.

That evokes even more admiration for those who plough the lonely furrow of an inner conviction, which society does not share, until they are eventually proved correct.

Are you a modern day Galileo?

How do you know?

Friday, 2 January 2009

Knowing Is Not Enough

Words: 561 Reading time: 1 minute 52 seconds

It isn’t what we know that determines the outcome; it’s what we do with what we know.

Example 1
Prior to “Operation Market Garden” in September 1944 the senior Allied commanders knew that the 9th and 10th SS Panzer Divisions were located on the corridor that the Allies planned to use for their narrow-front thrust. This made achieving the objective highly unlikely.

More than 16,800 Allied troops were killed, wounded or captured in a fruitless effort that was essentially targeted at assuaging a bruised ego.

Example 2
In December of the same year the Germans launched a tactically brilliant offensive through the Ardennes, inflicting heavy losses on inexperienced Allied troops.

Just like Market Garden 'It was not intelligence (evaluated information of the enemy) that failed. The failure was the commanders and certain G-2's, who did not act on the intelligence they had,' according to one of Patton's subordinates.

Although both of these failures to listen came close together, they are by no means unique. Similar failures had preceded them in earlier times and others have followed in later times.

Example 3
The North Vietnamese Easter Offensive of 1972 was similar and as one author has pointed out "Though the location, numbers and types of forces were not the same, the command assumptions, the weather and the use and misuse of intelligence had almost the same catastrophic effects in both clashes.... "

Example 4
Ten years later, in the South Atlantic, the Falklands war may have been avoidable. In any event it was undoubtedly made more costly and riskier by the intelligence failure that preceded it. British officials were unresponsive to warnings that diplomacy had failed and invasion was imminent.

Example 5
In 2003 it was Iraq. As the White House has acknowledged, intelligence on Iraqi weapons programs did not drive its decision to go to war.

The intelligence on Iraq was there. It did not get things wrong and thereby mislead policymakers. Once again the leaders were insensitive to information that suggested that the course of action on which they were embarked was likely to lead to disaster.

These examples are drawn from the military sphere simply because mistakes there tend to more visible and better documented than failures in business. But similar failures in business abound. Failures where the enterprise does not give sufficient weight either to facts within its purview, or relevant facts easily revealed.

Many people, let alone businesses, are uneasy acknowledging that many of the conventions and principles they operate on are unwritten, unspoken and unconscious. Psychologists estimate that 95% of the things we say and do each day are done on “autopilot”, that is automatically, unthinkingly and routinely.

And the very familiarity of such actions mean they go unrecognised and unquestioned long after they cease to be either safe or appropriate. Thus it is that we wake up one day to find ourselves in an awful mess without realising quite how we got there.

The tragedy is that working with either a business coach, or an NLP Practitioner for even a short period of time will begin to raise awareness of the subconscious paradigms we are running and what the implications might be.

Make just one New Year’s Resolution – start working on raising your awareness of yourself and your business so that you can improve your chances of recognising the warning signs before it is too late.