The Donald Cooper December Newsletter
Volume 3, Issue 12 - December 2004
Donald’s
“Quote of the Month”
When your customers are beating
you up on price, it’s a sure sign that they think you and your
competitors are all same…or very close to it.
The solution: You must create,
deliver and effectively communicate compelling Value that…
1. Clearly differentiates you
from your competitors,
2. "Grabs" your target
customers...and,
3. Grows your bottom line. |
Greetings ~firstname~,
1. What is the compelling purpose of your business?
(time to read this article is about 90 seconds)
As this year draws to a close and you
prepare for another year of life and work, be sure to celebrate your
successes and thank all who have contributed. Never underestimate
the power of a simple "Thank you".
Then, having celebrated your success, will you resolve to "fix" what
needs fixing in your business, or in your part of the business?
If you're not sure what needs fixing, ask your staff and your
customers. Trust me, they have a list.
This is also the perfect time to reflect on the compelling "purpose" of
your business. Does your business have a clear and compelling
purpose? Many businesses start out with one but get badly
sidetracked along the way. Some businesses have never had a clear
purpose. They started almost accidentally and no one has ever sat down
to ask, "Why are we doing this?"
A business should serve four groups...owner / investors, customers,
employees and its community. Therefore, it should have four clear
"purposes". Consider these questions...
- What is the clear purpose of your business for its owners and other
investors? How much money do they need or want to make and what
are they committed to create and to become? How big and how good
do they want to be...and how big and how good must the business be to be
a profitable market leader?
- What is your "customer purpose"? To find that purpose, stop defining
yourself by what you sell and start defining yourself by how you help
people.
For example, a Mortgage Company would stop saying, "We sell mortgages."
and powerfully redefine itself as being in the business of "Helping
people to buy a home and to own that home, mortgage-free as quickly,
conveniently and inexpensively as possible."
So, redefine your business by how you and what you sell helps your target customers. Then add, "And we will do that, better than our competitors."
Through this simple process of redefining your business by how you help
and then getting very specific about what you will always deliver,
you'll create compelling value that will clearly differentiate you from
your competitors, "grab" your target customers
and grow your bottom line. If you have no compelling value,
you're a commodity and probably won’t survive.
- What is your "employee purpose"? Are you committed to creating a
business environment in which employees at every level are treated with
respect and have the opportunity to grow?
I just got off the phone with a client who has built his business from
two to 6000 employees and he tells me that 95% of his supervisors and
managers have been promoted from within. He says that this is the
secret of his success in an extremely difficult and competitive
industry.
As you create your "employee purpose", keep in mind what good people really want...
-
A challenging job with an opportunity to grow
- Clear, honest and consistent communication.
- A positive, uplifting environment.
- Recognition of performance.
- Money.
- Finally, what is your “community purpose”? What do you
commit to do to give back to the world and make a difference? What will you do
to support and improve your community, to help and encourage people in
some other part of the world…and to be more respectful of the planet?
We’ve created a simple “fill in the blanks” template to help you
consider and define these four important “purposes” for your business.
Just click here to download this tool.
2. Do all of your communications meet these 6 key objectives?
(time to read this article is about 40 seconds)
For a printable version of this article, click here.
Everything we do in our business communicates who we are, what we stand
for and why our target customers should buy from us. There are
literally hundreds of ways that we communicate and they should all help
us to achieve the six clear communications objectives listed
below…
-
To be noticed and remembered by our target customers. If we aren’t noticed and remembered, we don’t exist.
-
To reduce confusion, uncertainty or stress. To make us easy to find and convenient and easy to do business with.
-
To be clearly understood & differentiated from our competitors by
communicating the Value that we deliver and the Values that we live by.
-
To build trusting relationships and powerful emotional connections with our target customers.
-
To create a buying decision.
-
To add value to our Brand.
Set aside two hours with a few of the best minds and hearts in your
business. Look at all of your communications…in fact look at everything
you do and ask yourself if it helps to achieve these key six
communications objectives. Are you communicating the same clear
and compelling message in everything you do, or are you creating
uncertainty, confusion or doubt by sending mixed or unclear
messages? Are you promising anything that you can’t
deliver? Are you lying to or deceiving people in any way?
Now, specifically, what is it about your communications that needs fixing…and what will you do about it?
3. The Christmas Tree Man:
(time
to read this article is about 60 seconds)
For a printable version of this article, click here.
I’ve
often spoken to clients about the danger of “judging” customers
by how they're dressed or by their general appearance. Back in my days as
a retailer of ladies fashions and gifts, I learned a powerful and
moving lesson from “The Christmas Tree Man”.
Our
staff came to me one day to express concern about an unshaven,
disheveled and generally unwashed gentleman who kept coming into our
store. As he shuffled through our ladies clothing and gift
departments he would glance out the window every few minutes and
then, sometimes, he would rush out the door empty-handed. This
process was repeated several times each day…sometimes resulting in
a purchase and sometimes in yet another mysterious disappearance.
When
he did buy he always paid cash from a huge roll of bills with an old
elastic band wound twice around it. But mostly he would look out the
window, then rush out the door…and this strange behavior was
spooking our staff.
When
they started making some very unflattering assumptions about this
unusual character I assured them that there was probably a logical
explanation and I promised to chat with him on his next visit.
Sure
enough, a few hours later he reappeared. I approached him,
explaining that our staff was quite intrigued by his mysterious
comings and goings. “Oh”, he said, “I’m the
Christmas tree man. That’s my Christmas tree lot just down the road
with the little house trailer. I grow the trees on my farm up north,
you know, and then I come down here for three weeks each year to sell
them.”
“I
work all alone so I have no time off to buy gifts and I don’t get
back home until well after midnight on Christmas Eve. So, whenever I
have a few minutes, I rush up here to shop. I really love your store.
You have wonderful things and every day I choose a few gifts for the
ladies on my list.”
“But
you keep looking out the window.” I said. “Oh,” he
replied, “I’m just checking to see if anyone has pulled into
my lot to buy a tree. And if they have, I have to rush back before
they leave, or I won’t get the business. You can’t replant those
trees you know. Once they’re cut, they’re cut.”
“By
the way” he said, “I know that I don’t look like your
usual customer. In fact, I probably look a bit scary and I guess I
don’t smell too good either. I don’t have much more than a bed
and a stove in my little trailer. No place to wash up. There’s
not a lot of money in real Christmas trees anymore, you know. It’s
kind of sad. But your staff, they’re so wonderful. They treat me
with respect and I really appreciate that!”
The
Christmas tree man spent almost $3000 in our store over a three-week
period. He came and he went, he came and he went, day after day,
always looking out the window, sometimes rushing to serve a
customer…and at the end, on Christmas Eve, he brought each of us a
real Christmas tree!
4. The perfect gift for the boss who’s struggling to be a more
effective leader:
(time
to read this section is about 30 seconds)
The
inability of business owners and managers to make the transition from
being “Players” to being effective “Coaches” kills businesses
and destroys careers. Earlier this year I wrote a short article
focused on helping business people make the difficult but important
transition from being great “Players” in their business to
becoming effective “Coaches”. To check out this article click
here.
When
I'm working with CEO's who are struggling with this problem, I give
them two baseball caps to keep on the corner of their desk. One is beautifully embroidered with the word "PLAYER" and the
other with the word "COACH".
I
tell them that every time someone comes into their office, every time
their phone rings and every time they go into a meeting, they must look
at those two hats and ask themselves this question, “Which of
these two hats does this business need me to wear, right now?”.
Not
which hat they’d rather wear, or which hat they think is more
comfortable...but which hat the business needs them to wear.
Because, at that point, it isn't about them...it's about the business
and about their people.
Now,
here’s the good news! We’ve had so many requests for sets
of the two “PLAYER” & “COACH” caps that
we’ve had a bunch made up. They’re $36 for the set of two…plus
tax and shipping. If you had them made up yourself, you’d
pay $48 for the two hats PLUS $70 for setting up the embroidery…so,
at only $36 bucks, they’re a “hot ticket”! And it’s a
business expense, so you can write it off!
The
caps come complete with my article on “How to become a more
effective Coach in your business!” which explains how to use
them to help you, or your boss, make the transition from being a
“Player” to being an effective “Coach”. To place your order,
simply email the wonderful Sharen lady at sharen@donaldcooper.com.
5. Bits & Pieces:
(time
to read this section is about 40 seconds)
- Another myth of male superiority brutally shattered! According
to the Alaska Department of Fish and Game, while both male and female
reindeer grow antlers in the summer, male reindeer lose theirs in
late November or mid-December while female reindeer keep their
antlers until after they give birth in the spring.
So,
while every reference to Santa's reindeer, including their names,
suggests that they’re males, clearly they must be females.
We
should have known... only women, while pregnant, would be able to
drag a fat man in a red velvet suit, in a sleigh full of toys, all
around the world in just one night…and not get lost.
-
Two
great holiday cookie recipes: This is the perfect time of year
to take some time to make wonderful cookies...for yourself and to
share with friends. There’s something special about homemade
cookies!
This
year we offer you a choice of two great cookie recipes. One is a
simple recipe for the best Shortbread Cookies you’ll ever taste
(click here). The other is for the
amazing Chocolate Chip, Oatmeal, Pecan
Cookies that made the bake shop near our cottage famous (click
here).
-
Looking for that perfect gift for that special someone? How
about an armoured Humvee, with a hot tub and 9 TV sets, for only (US)
$250,000?
Or,
how about my complete set of 4 DVD Video Seminars, including
step-by-step Implementation Guides, that will help you to sell more,
manage smarter, make more money…and have a life.
This
set of four business-changing Seminars can be yours for only $180,
plus applicable taxes…a saving of $100!
…and,
because it’s Christmas, we’ll pay the shipping. Just email the
wonderful Sharen lady at sharen@donaldcooper.com
and she’ll make it happen.
6. Don’t wait for your phone company to call with a better deal!
(time to read this article is about 20 seconds)
We’ve
just negotiated a “bundle of services” deal with Bell Canada that
will save us hundreds of dollars every month.
Did
they call us to tell us about this incredible opportunity
based on knowing our usage? No, of course not. I found out about it
from a friend, called Bell, wrestled them to the ground and forced it
out of them.
So,
don’t wait for your telephone company to call you with a better
deal. Get on the phone and prepare to do a little arm-twisting.
Then, ask yourself whether, in your business, you have a better value
package for your customers that you’re not telling them about. If
so, get on the phone ASAP. Help your customers to wisely choose and
more effectively use what they buy from you. Be their “Caring
Coach”. Help them to make the best decision for them. You'll blow them away, they'll love you and stay with you!
If
you don’t, you run the serious risk that your competitors will
steal them away from you…and it will be your fault!
7.
That’s all for this month!
We
wish for you and your family
health, love, joy and prosperity in 2005…and beyond!
If
you know of others, anywhere in the world, who will find value in
this E-Newsletter, we'll appreciate your sending this along to them
and inviting them to sign up at www.donaldcooper.com.
Donald Cooper, MBA
Canadian Speaking Professional
Member of the Canadian Speaking Hall of Fame
For information about booking Donald for your company or Association,
contact Sharen Skene our wonderful Director of Marketing at Sharen@donaldcooper.com.
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