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Archive for February, 2009
Thursday, February 26th, 2009
One of my favorite groups to speak to and work with is Remodelers Advantage® – the international industry organization for remodelers. A recent article in their newsletter tells of one of their member CEOs – he sent an email to all his people telling of the company’s plan to survive this recession and asking that each employee take two days off each month during 2009 without pay, but they could use paid vacation days and sick days instead; plus they could take all the days in one time period to really have that vacation.
Not only was this well-received by the employees but they also knew the company had a plan (see below: the number one concern of employees is that management has no plan). And…whichever way they took the days off would be beneficial to the company, cash or cash-accrual-wise. It works! A win-win, and you can do the same. Many thanks to our good friends at Remodelers Advantage® for all their good work in helping us all through these tough times. For any of you in construction, check out this great outfit: they’re delivering for their Members big-time.
Very best, Kraig
Tags: Add new tag, management tools, recession help, recession tools Posted in Cash and Credit, Recession Remedies | Comments Welcome »
Thursday, February 19th, 2009
We talked about the number one fear of employees during recssions in the blog-post below: they are afraid of losing their jobs because they don’t believe their management has a plan to survive this “dire” downturn! So, here’s the simple, very best way to overcome that:
Have a “one-page-business-plan” that you work out with your key people and then give it to every employee. You and your direct reports then Walk-Your-4-Corners (W4C) to communicate and encourage employees to carry out the plan, together! It really works. Click the one-page-business-plan to see an example and ideas for writing your own. Also known as 1-page or 1-pg business plan.
Best as always, Kraig
Tags: 1-page business plan, 1-Pg Business Plan, management tools, recession help, recession tools Posted in Grow Business Profitably, Recession Remedies | Comments Welcome »
Monday, February 16th, 2009
How to get your people fired up during this downturn? More and more we’re seeing managers and leaders communicating, planning and acting with their people. TELL your people you have a plan to get through the recession, JOIN with them in developing and executing the plan, and TAKE ACTIONS yourself with your people.
Jim Alampi, consultant and Vistage speaker says it best: “The single thing that causes employees the most angst and fear is believing their management has no plan.” So have one!
To paraphrase Morrie Schechtman, consultant, author, and speaker: stop trying to talk people out of their feelings — you can’t; talk reality with them, this recession will be long and deep; get your people’s feelings on the table, talk about the negatives.
Then, encourage your people to reach high, since they are talking themselves out of doing so — in other words, we’re thinking ourselves into failure, so don’t, and instead think that it’s okay to reach high and sometimes fail; what this means is challenge the buyer to buy like never before!
Finally, use the skills that fit this recession, not your everyday 2007-08 ones. For that one sales moment, put your emotions aside and dive in like never before!
On every front the same message emerges: engage with your people, plan with your people, execute with your people.
As always, hope this is helpful advice from literally dozens of articles and folks we keep hearing from. Very best to you, Kraig
Tags: management tools, recession help, recession tools Posted in Grow Business Profitably, Recession Remedies | Comments Welcome »
Tuesday, February 10th, 2009
Great News! We’ve just made the Recession Webinar Recording available to everyone! Please check out how it can dramatcially improve your business. The download is just $47 (same as the Webinar) and you can keep it in your computer to share with others in your company.
You can also click up the 3-page, 18-slide PDF summary of the slides at webinar-keypoints, and print it for use in taking notes as you experience the Webinar Download with your key people and take action to thrive during this downturn.
Tags: management tools, more sales, recession help, recession tools Posted in Cash and Credit, Grow Business Profitably, Recession Remedies, Webinar | Comments Welcome »
Monday, February 9th, 2009
My good friend and world-class collection guru, Abe WalkingBear Sanchez, wrote this article a few days ago and it is ageless advice for improving cash flow by collecting on your accounts receivable now. Please read and activate his six points for ratcheting your receivables into cash. You’ll improve your cash situation, guaranteed!
Just click on timely-cashflow and reap the rewards.
All the best, Kraig
Tags: management tools, recession help Posted in Cash and Credit, Recession Remedies | Comments Welcome »
Monday, February 2nd, 2009
The webinar-keypoints are now available here…these include great recession tools, profitable business growth tools, cash and credit management tools. Just click on it, print it out and take action now to improve your business performance.
Posted in Cash and Credit, Grow Business Profitably, Recession Remedies, Webinar | Comments Welcome »
Sunday, February 1st, 2009
Many of you have experienced my tool “What Causes Sales” and if not just click on that title and you can check it out (scroll down to bottom of page) or just print the free what causes sales PDF.
Here’s a nifty idea someone mentioned last week — it’s called LIPI, line-items-per-invoice. Start tracking the number of line items on all your invoices each week or month, let everyone in your business know you’re measuring and managing this, and increase the total every time! You’ll be adding more sales to existing customers and adding new customers as well, just by focusing on LIPI. Track it on a Trailing-52-Week Chart or a Trailing-12-Month Chart (software at ceotools.com and click New Tools Catalog).
Tags: more sales, software Posted in Grow Business Profitably | Comments Welcome »
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