Showing posts with label business success. Show all posts
Showing posts with label business success. Show all posts

Thursday, August 17, 2017

Amazon's Jeff Bezos Day 1 Philosophy Can Transform Contentment and Attrition in Business

By Gina F. Rubel 

In a recent letter to his staff, Amazon CEO Jeff Bezos outlines the proverbial “Day 1” landscape, while warning against the complacence of “Day 2.”

In Bezos’ view, a company never can stop being a start-up. He believes that company leaders always need to think as they did on the first day of their business. “Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1."

His letter is a powerful reminder of the importance of staying focused on your clients and their needs, every day. For instance, marketing of a company is not really about the company’s products or services per se, it is about how those products and services fill the wants and needs of the company’s particular customer.

Bezos makes some key points:

  • Provide value. Like many of the successful consumer-facing companies such as Amazon and Zappos, it is client value and client service that differentiate thriving companies from their competitors. 
  • Focus on the future. Always look ahead for your clients and your business. As markets and industries evolve, so must your products, services and delivery methods. 
  • See the big picture. Understand that short-term decisions cannot be allowed to affect long-term success. Sometimes, in fact, difficult decisions, such as reorganizing staff, no longer providing certain services and changing product offerings must occur to ensure the long-term health of your business. 
  • Make decisions quickly and learn from others. Embrace the process of “disagree and commit.” Not everyone will agree on every decision, but it's still possible for people who disagree to work toward the same goal. Those goals should be dictated by quantifiable client feedback. Remember, it is client service and client value that you ultimately should strive to be known for. 
  • Focus on results and not just process. While process is important, it cannot wag the dog. Use it as a tool, not as the proxy. 

Daniel B. Kline, for The Motley Fool, asks, “Is it really always Day 1?” Kline says, “What Bezos is doing is guarding against the contentment that success can bring. He's creating a culture where past results do not guarantee future success so it's always important to strive, innovate, and be open to change.” This is the key takeaway.

This business advice is much like long-term relationships, whether it be marriages, commitments, friendships and the like. In order to keep a relationship fresh and interesting, to meet the wants and needs of the other party, and to keep the relationship alive, it serves us well to think of every new encounter as a first date.

Because, like Kline said, “past results do not guarantee future success,” and this is true in all relationships, business and personal alike.

Monday, June 22, 2015

Does Your Headshot Make You Look Competent, Likeable or Influential?

By Megan Quinn

I recently tested out my professional headshot through a web service called “Photofeeler.” This photo comparison website has been gaining traction lately as a tool used by professionals - and even for Tinder or Facebook users - to see if their photos are attracting the right audiences for business, dating or social purposes.

This website allows users to upload profile photos for those three categories, and receive feedback on the effectiveness of each photo. Users can vote on the photos of other participants to gain virtual credits to use in turn for their own photo comparison analysis. A brilliant, endless feedback cycle!

I chose a headshot that is on our company’s website and my personal LinkedIn profile for the “business” section without hesitation (and when I had time) proceeded to vote and earn 40 credits. Votes are cast on a 0-3 scale of whether the photo communicates a sense that the person is “competent,” “likable,” and “influential.”

The rankings are a comparison between your photo's score and all the rest that have been tested on the Photofeeler site given as a percentile. So, for instance, a score of 71% means your photo did better than 71% of photos tested on their site.

I guess I can give the influential category some leeway since I am at the start of my career in public relations. Even though I may not have received the kind of numbers I was hoping for in that section, overall, the voting style is very classy.

After casting a vote, you may also submit constructive feedback on a user’s photo. There are no write-in comments, instead there are options to choose from such as “a little too blurry,” or “would like it better with a different background,” to say politely. Some users commented that my photo is great and for this I have Allure West Studios to thank!

The biggest takeaway from this experience has been realizing how much a person’s photo can count as a first impression. Since many of us probably have our photos online, it’s important to remember that our photos should be sending the right messages. For example, a professional traveler isn’t going to be wearing a suit in an office setting for their headshot. There really isn’t a cut and dry method!

Tuesday, June 16, 2015

Making Amends: Retaining Customers When You Have to Say You’re Sorry

By Rose Strong

Being in business, no matter what product or service you offer, you’re bound to make a mistake with a client or customer at some point. Whether you are a waitperson in a diner, a haberdasher selling top-of-the-line handmade suits, or a consultant offering professional services, there is a chance to make an error - and to have to fix it. When that happens, how you try to make amends makes a big difference.

Of course, each situation is unique, but here are a few recommendations:

  1. Tell your boss. If you’ve made a mistake that could be detrimental to a client relationship, the first person you should tell is your supervisor. It’s bound to come out and keeping the boss in the loop is probably very wise.
  2. Don’t blame others; don’t make excuses. Even if all the explanations are true or others were at fault, neither your boss nor your client cares. The focus should be on fixing the mistake, not explaining it away.
  3. Be transparent about the error. Admit it clearly and outright as soon as you know it has happened. Even if the client doesn’t know about it, call them and tell them – or work with your supervisor to tell them together. Honesty goes a long way to maintaining trust.
  4. Come up with a solution. When you come clean about the mistake, let your boss know you have a possible solution. It makes the sting a bit less painful knowing you’ve taken responsibility on managing the mistake and saving the client relationship. This article on Forbes.com explains that fixing isn’t always enough, but it’s a start.
  5. Apologize to the client and anyone else affected. Although this seems like a no-brainer, too many businesses never actually apologize for an error. When you do apologize, do so sincerely. A genuine expression of regret may be all your customer is seeking.

Part of life is to know that you’re going to make mistakes. Being prepared and having a game plan to handle tricky situations before they happen is part of crisis management, whether the crisis is huge or small. As this article from 99u.com explains, delivering authenticity in your apology to your clients is the key to de-escalating the situation and keeping a mistake from becoming a full-blown crisis.

Tuesday, October 07, 2014

Finding the Recipe for Business Success at Breakfast

By Sarah Larson

French toast casserole with apples, walnuts and maple syrup. Quiche. Bacon. Fresh berries. Scones. Sparkling apple cider.

That is how we kicked off a recent workday at Furia Rubel. It was the third breakfast celebration we’ve had in recent months to mark the birthdays of our team members, and each one has been more fun than the last.

But these breaks from the workday aren’t just a luxury, which many companies believe they can ill afford. For the rest of the day after our breakfasts, I noticed our team members smiling more, coordinating efforts better, and just generally being more productive.

That’s no accident.

Fun time at work is an investment in the people and the culture of your company, and that investment pays more dividends in the long run than can easily be quantified.

People are pretty smart – or, at least, pretty attuned to self-preservation. Employees who are treated like interchangeable cogs on a wheel know that they are easily replaced – and they function accordingly.

On the other hand, creating a true team atmosphere, with people who actually like and respect each other, is more likely to foster happy employees who believe in the company’s mission and see themselves as important ingredients to its success.

You don't have to be Google, with free meals, a Lego play station and Broadway-themed conference rooms, to make your workplace into a place your employees want to be. A few creative ideas, some genuine interest in your employees' lives, and, yes, some food, can go a long way to creating an enjoyable workplace.

Plus, any excuse to start a work day with bacon is just a good day, all around.