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Handling Invoices and Payments in A Medical Billing Business e another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone.When you start a medical billing service you need to be prepared not to receive a payment for at least thirty to forty-five days. It would be nice if all of your clients paid you within ten days but this is just not realistic. The majority of your clients may not be able to pay you until they are paid themselves. Usually this is what happens with smaller clients. However, with larger clients if only a few of their patients pay, you will still get paid because they will have an accounts receivable account setup just for situations like these.Allow your clients at least twenty to thirty days to make payment to your invoice. As mentioned earlier some clients can not pay you until they are paid themselves. Allowing them twenty to thirty days gives them a little while to receive payments from their clients so they can pay you. Your clients are your entire basis of your business, and without them, you will not have a business. So be a little flexible in receiving your payments. You have obligations too, so make sure you have cash flow available to take care of those obligations while you are waiting to be paid.Depending on the amount of clients you have, set aside one day each week or each month and handle all of your invoices for that period. Trying to send out invoices after each job is completed can become hectic. It may sound like a good idea to complete your billing this way but you can lose control over your billing. You may forget whether you invoiced the client or not and either do it a second time or not do it at all. Avoid either one from happening by simply setting aside one day to do it all. At no time do you want to seem unprofessional while running your business. We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are y Want To Sell Drugs? Then be a Drug Representative Picture a general addressing his nervous troops on the eve of a decisive battle. He implores them to fight fiercely for the honor of everything and everyone they hold dear. He stresses that the safety of their loved ones rests on how courageously they perform on the midnight battlefield. Then the general strides over to a second group of soldiers and orders them to conquer the enemy or die trying. The objective, he thunders, is to earn him that elusive fifth star and secure a heftier pension. It's a safe bet the first group of soldiers will hit the battlefield with a steely resolve to give their all. It's just as certain the second bunch would rather smash rocks in the hot sun than put their leader's objectives ahead of their own self-interest.So you want to sell drugs and make a lot of money? And you want to drive a nice car while selling drugs without getting arrested? Well, there’s a way that you can, legally! Of course we are not talking about dealing with any illegal or illicit drugs here. We are referring to a career as a professional drug representative for one of the many pharmaceutical companies out there.Most pharmaceutical companies have sales forces of men and women who are professional drug representatives. They are highly trained individuals with expert knowledge on various pharmaceutical drugs, human physiology and sales techniques. They have to be as the main customer groups they deal with everyday are educated healthcare professionals like physicians, nurses and pharmacists.The role of drug representatives, or drug reps as they are sometimes called, is to promote the use of their company’s pharmaceutical products to healthcare professionals. It is up to drug reps to keep physicians up to date on all the benefits of prescribing their drugs. Drug representatives also make sure that local pharmacies are adequately stocked of their company’s drugs products so when prescriptions come in, they can be filled.What is somewhat hidden from the general public is that the pharmaceutical industry is quite competitive as drug representatives from different companies are all trying to get physicians to prescribe their products. It’s a form of sales in a high level corporate type of way.One can easily identify who the drug reps are when going through hospitals or medical clinics. They will be the smartly dressed individuals carrying brief cases that contain information as well as drug samples for the doctors.Successful drug representatives can make very good money with overall financial packages up to six figures. Add in the use of company cars, expense ac The do-or-die spirit of an army unit is the essence of what an enlightened executive must instill in the men and women under his command. That lofty goal is attainable, but only if the answers to three fundamental questions are clearly articulated, strategically disseminated, and consistently reinforced: 1. Why does the organization exist? 2. Where is it going? 3. How does it need to act to get there? The answers to these questions must be precisely expressed and held with conviction throughout the culture. "Conviction" is the operative word. If a company's mission, vision, and values aren't genuinely believed and championed by top management, they're just words on paper. Ah, but when conviction is convincing, the organization rises above the sum of its parts and produces inspired employees. Until it clicked into place at my company, I never would've believed how much passion and creative energy could be unleashed when mission, vision, and values are moving in sync. The change is palpable. It's also contagious. When you hit your mission, you're symbolically "pouring the foundation." Sure, The Mission Statement is Business 101 — something most companies have in place. But is it working? In so many seat-of-the-pants outfits it's often just slapped together, a generic, white-bread substitute devoid of motivational nutrients. Or, tons of time has been invested only to produce something too complicated to be memorable. Even if a mission statement jumps those hurdles, it often hasn't been integrated effectively into the culture. Take a look at your mission statement. Is it on the front or back burner of people's minds? Does it drive your company's culture and inspire employees? Or, is it brought out like a what-were-they-thinking wedding gift that sees the light of day only when the in-laws visit? A mission statement is fundamentally immutable. Carve it in granite and display it behind unbreakable glass. Market forces, business strategies, and senior management may shift, but a good company's core purpose is timeless. Through boom and bust, 3M's mission will always be "To solve unsolved problems innovatively." Likewise, even when aggressive competition impacts Sony's marketing tactics, its mission remains "To experience the joy of advancing and applying technology for the benefit of the public." These missions don't reference profits or shareholder value. Their purpose is to inspire people to throw themselves into the work they love and make a difference in the world. The power of a well-stated mission lies in its unifying effect. Like a maestro, it directs everyone to play the same song at the right tempo and in the right key. Without a codified mission — or when a mission statement gathers dust like a gold-plated plaque in some long-forgotten storeroom — exuberance and gusto give way to inertia and apathy. MISSION IN MOTION "To help restore people to full life." That's the essence of Minneapolisbased Medtronic's six-part, 171-word mission. It's also the mantra Ann Krzmarzick heard in each of the eight interviews she endured to become a communications specialist at the worldrenowned medical technology company. It was a test of sorts. If Medtronic's mission didn't resonate, the human resources manager told her, she should look elsewhere for employment. Ann smiled and nodded. It was a catchy sound bite, but she figured it would have about as much impact as a bumper sticker on her day-to-day duties. She figured wrong. Ann quickly discovered that those seven words were the beating heart of Medtronic's corporate body. "I didn't realize," she said, "that the light of that mission would shine so brightly on the everyday work in communications, given that we're fairly removed from direct patient care." The mission was consistently — almost reverently — referenced in every meeting and memo. It informed every decision at every level. It even reached all the way to the annual holiday party, where six bona fide patients share their stories of heartache, hope, and renewal. There's never a dry eye in the house. Surveys reveal that nearly every one of Medtronic's twenty-six thousand employees knows the company's mission statement and how it applies to his or her job. The employees are inspired because they know their work makes a big difference in people's lives. Is it any wonder that Medtronic always appears on Fortune magazine's list of 100 Best Companies to Work For? I was the CEO of the $200 million Tires Plus before I sold it in 2000 to Bridgestone/Firestone. We expressed the guiding principle of our company's existence through our 13-word mission: "Deliver caring, world-class service to our guests, our community, and to each other." A noble sense of purpose was essential for attracting quality employees. Most people consider working in the tire business only a little more appealing than getting a root canal. The industry is often thought of as dirty, unprofessional, and sometimes even dishonest. So why would people come work for us? Not to sell tires, but to improve the lives of customers, employees, and the world at large. After all, it's people, not tires, that make the world go round. As any CEO should, I served as a walking advertisement for our mission statement, as illustrated by this story offered up by my co-founder, Don Gullett. Don, whose development department was in charge of remodeling and upgrading our stores, chartered a small four-seat aircraft one day so that he, a contractor, a real estate agent, and I could visit all four of our stores in and near North Dakota. We landed in Fargo first and rented a car. "As we were driving into the parking lot of our store there," Don recalled, "Tom jumped out while the car was still rolling, ran over, and started talking to two people. The three of us just looked at each other, wondering what he was doing." I had spotted the couple coming out of the store and had sensed by their expressions that they weren't happy. I asked if there was a problem. (There shouldn't have been, because a big part of our mission was empowering store employees to resolve customer complaints.) I found out what they were upset about, got them to walk back inside, got it resolved, and turned them into happy customers. "It would have been very easy for someone in Tom's position to have remained in the car until we had finished parking," Don noted. "But by the time we had gotten out of the car and into the store, those people would have driven off. So Tom jumped out and went out of his way to introduce himself and correct the situation. I'm sure he left a lasting impression on that store's personnel, not to mention those customers." Our corporate commandment — Thou shalt be caring — was like a global positioning satellite that helped our people navigate the choppy waters of day-to-day decision making. More important, it helped managers identify and capitalize on "coachable moments" — instances when an employee's actions conflicted with our mission. For instance, our follow-up system required us to contact customers not more than 48 hours after providing a price quote. On a regular systems-review visit to a suburban Minneapolis store, I checked the phone log and saw that a teammate was skipping the follow-up call. It turns out he hadn't been properly trained and wasn't sure how to do it. So I spent some time teaching him the ropes. When it was time for him to make an actual call, I listened in. The woman he called told him she had opted to buy new tires from Firestone. "Oh, that's too bad," he said. "You really missed out." After he hung up, I said, "Wow, you basically told her she made a bad decision. How do you think that made her feel? Do you remember what our mission is?" He stammered, "To give caring, worldclass service to our guests?" I asked if that phone call was consistent with the mission. He acknowledged it wasn't. "If somebody tells us their needs were taken care of," I said, "our reply should be, 'I'm glad you got what you needed. Your car is safer and will handle better now, and that's what's most important. Next time you're in the market, we'd love to have another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone. We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are yo Easy Ways To Get More Money For Your Car nt jumps those hurdles, it often hasn't been integrated effectively into the culture. Take a look at your mission statement. Is it on the front or back burner of people's minds? Does it drive your company's culture and inspire employees? Or, is it brought out like a what-were-they-thinking wedding gift that sees the light of day only when the in-laws visit?If you are planning to sell your car in a private sale, there are some smart ways you can get more money for your car perhaps hundreds of dollars over its book value. Selling your car instead of trading it in is wise: you’ll get more than anything offered by your dealer. Keep reading and we’ll examine ways you can make money with your car sale.Prep It – If your car hasn’t been waxed for some time, now is the time to do it. Thoroughly clean the exterior including the body, bumpers, trim, and wheels. On the inside, vacuum the flooring and seats and use a sealant to bring out a rich shine on the dashboard. Remove spots, gum, or any other debris. Spray the interior with a warm and inviting scent. Check the trunk to make sure that it is clean and that the spare and jack are in place. Lift the hood and clean off the battery posts and make certain that all the hoses and wires are in place. Change the oil, oil filter, and air filter as needed.Display It – If able, leave your car on display in a high traffic area such as a mall, parking lot, intersection with signs in place listing price and contact information. Be careful about places expressly forbidding this practice – who wants to pay towing and compound fees?!List It – Here is where things can get very interesting. If you list your car with a newspaper, chances are they will re-list it on their website, perhaps until it is sold for no additional charge. Consider eBay if you want to broaden your audience, but keep in mind that eBay is notorious for letting scammers over run their site. Make certain that the buyer pays with cash or a bank check before tossing him the keys and signing over the title!Check the Kelly blue book to determine your car’s price. Wear and tear can adversely affect the price as can high mileage. Still, you should be able to get more than the list price and less than t A mission statement is fundamentally immutable. Carve it in granite and display it behind unbreakable glass. Market forces, business strategies, and senior management may shift, but a good company's core purpose is timeless. Through boom and bust, 3M's mission will always be "To solve unsolved problems innovatively." Likewise, even when aggressive competition impacts Sony's marketing tactics, its mission remains "To experience the joy of advancing and applying technology for the benefit of the public." These missions don't reference profits or shareholder value. Their purpose is to inspire people to throw themselves into the work they love and make a difference in the world. The power of a well-stated mission lies in its unifying effect. Like a maestro, it directs everyone to play the same song at the right tempo and in the right key. Without a codified mission — or when a mission statement gathers dust like a gold-plated plaque in some long-forgotten storeroom — exuberance and gusto give way to inertia and apathy. MISSION IN MOTION "To help restore people to full life." That's the essence of Minneapolisbased Medtronic's six-part, 171-word mission. It's also the mantra Ann Krzmarzick heard in each of the eight interviews she endured to become a communications specialist at the worldrenowned medical technology company. It was a test of sorts. If Medtronic's mission didn't resonate, the human resources manager told her, she should look elsewhere for employment. Ann smiled and nodded. It was a catchy sound bite, but she figured it would have about as much impact as a bumper sticker on her day-to-day duties. She figured wrong. Ann quickly discovered that those seven words were the beating heart of Medtronic's corporate body. "I didn't realize," she said, "that the light of that mission would shine so brightly on the everyday work in communications, given that we're fairly removed from direct patient care." The mission was consistently — almost reverently — referenced in every meeting and memo. It informed every decision at every level. It even reached all the way to the annual holiday party, where six bona fide patients share their stories of heartache, hope, and renewal. There's never a dry eye in the house. Surveys reveal that nearly every one of Medtronic's twenty-six thousand employees knows the company's mission statement and how it applies to his or her job. The employees are inspired because they know their work makes a big difference in people's lives. Is it any wonder that Medtronic always appears on Fortune magazine's list of 100 Best Companies to Work For? I was the CEO of the $200 million Tires Plus before I sold it in 2000 to Bridgestone/Firestone. We expressed the guiding principle of our company's existence through our 13-word mission: "Deliver caring, world-class service to our guests, our community, and to each other." A noble sense of purpose was essential for attracting quality employees. Most people consider working in the tire business only a little more appealing than getting a root canal. The industry is often thought of as dirty, unprofessional, and sometimes even dishonest. So why would people come work for us? Not to sell tires, but to improve the lives of customers, employees, and the world at large. After all, it's people, not tires, that make the world go round. As any CEO should, I served as a walking advertisement for our mission statement, as illustrated by this story offered up by my co-founder, Don Gullett. Don, whose development department was in charge of remodeling and upgrading our stores, chartered a small four-seat aircraft one day so that he, a contractor, a real estate agent, and I could visit all four of our stores in and near North Dakota. We landed in Fargo first and rented a car. "As we were driving into the parking lot of our store there," Don recalled, "Tom jumped out while the car was still rolling, ran over, and started talking to two people. The three of us just looked at each other, wondering what he was doing." I had spotted the couple coming out of the store and had sensed by their expressions that they weren't happy. I asked if there was a problem. (There shouldn't have been, because a big part of our mission was empowering store employees to resolve customer complaints.) I found out what they were upset about, got them to walk back inside, got it resolved, and turned them into happy customers. "It would have been very easy for someone in Tom's position to have remained in the car until we had finished parking," Don noted. "But by the time we had gotten out of the car and into the store, those people would have driven off. So Tom jumped out and went out of his way to introduce himself and correct the situation. I'm sure he left a lasting impression on that store's personnel, not to mention those customers." Our corporate commandment — Thou shalt be caring — was like a global positioning satellite that helped our people navigate the choppy waters of day-to-day decision making. More important, it helped managers identify and capitalize on "coachable moments" — instances when an employee's actions conflicted with our mission. For instance, our follow-up system required us to contact customers not more than 48 hours after providing a price quote. On a regular systems-review visit to a suburban Minneapolis store, I checked the phone log and saw that a teammate was skipping the follow-up call. It turns out he hadn't been properly trained and wasn't sure how to do it. So I spent some time teaching him the ropes. When it was time for him to make an actual call, I listened in. The woman he called told him she had opted to buy new tires from Firestone. "Oh, that's too bad," he said. "You really missed out." After he hung up, I said, "Wow, you basically told her she made a bad decision. How do you think that made her feel? Do you remember what our mission is?" He stammered, "To give caring, worldclass service to our guests?" I asked if that phone call was consistent with the mission. He acknowledged it wasn't. "If somebody tells us their needs were taken care of," I said, "our reply should be, 'I'm glad you got what you needed. Your car is safer and will handle better now, and that's what's most important. Next time you're in the market, we'd love to have another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone. We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are y 6 Tips on How to Hold Short Staff Meetings brightly on the everyday work in communications, given that we're fairly removed from direct patient care." The mission was consistently — almost reverently — referenced in every meeting and memo. It informed every decision at every level. It even reached all the way to the annual holiday party, where six bona fide patients share their stories of heartache, hope, and renewal. There's never a dry eye in the house. Surveys reveal that nearly every one of Medtronic's twenty-six thousand employees knows the company's mission statement and how it applies to his or her job. The employees are inspired because they know their work makes a big difference in people's lives. Is it any wonder that Medtronic always appears on Fortune magazine's list of 100 Best Companies to Work For?Here's how to hold a short, effective staff meeting.1) In general. Keep them short. Most staff meetings should last less than an hour. You want your staff to spend their time working on things that earn money for your business, not sitting in meetings. Keep them positive. Negative meetings contain insults, ridicule, and attacks. These activities create caution and resentment, which always costs your company money. Keep them interactive. Your staff consists of intelligent people. Put them to work in your meetings to advance the effectiveness of your organization.2) Share news. Give the members of your group one minute to report on progress made in their area of responsibility. You'll find that this results in bullet point reports of essential information. It also prevents people from philosophizing, explaining, justifying, criticizing, and engaging in other unproductive activities. Plan a time budget: 8 to 10 minutes.3) Teach something. Invite a guest expert to give a 10 minute presentation on some skill or technology that benefits your group. Tell the expert that you want a logical explanation of practical ideas. You can also ask members of your group to take turns delivering brief tutorials on topics that benefit the others. Plan a time budget: 10 to 15 minutes.4) Practice skills. Create team learning activities that sharpen or teach skills needed in your business. For example, you could role play job skills (especially useful for sales teams), solve puzzles (useful for high tech groups), or take quizzes (useful for everyone). Ask group members to take turns bringing an activity that reviews or teaches a valuable skill. Follow this activity with a brief recap of key ideas. Then ask the group members to give a fifteen second report on how these ideas can be applied to improve their work. Plan a time budget: 10 to 20 minutes.5) S I was the CEO of the $200 million Tires Plus before I sold it in 2000 to Bridgestone/Firestone. We expressed the guiding principle of our company's existence through our 13-word mission: "Deliver caring, world-class service to our guests, our community, and to each other." A noble sense of purpose was essential for attracting quality employees. Most people consider working in the tire business only a little more appealing than getting a root canal. The industry is often thought of as dirty, unprofessional, and sometimes even dishonest. So why would people come work for us? Not to sell tires, but to improve the lives of customers, employees, and the world at large. After all, it's people, not tires, that make the world go round. As any CEO should, I served as a walking advertisement for our mission statement, as illustrated by this story offered up by my co-founder, Don Gullett. Don, whose development department was in charge of remodeling and upgrading our stores, chartered a small four-seat aircraft one day so that he, a contractor, a real estate agent, and I could visit all four of our stores in and near North Dakota. We landed in Fargo first and rented a car. "As we were driving into the parking lot of our store there," Don recalled, "Tom jumped out while the car was still rolling, ran over, and started talking to two people. The three of us just looked at each other, wondering what he was doing." I had spotted the couple coming out of the store and had sensed by their expressions that they weren't happy. I asked if there was a problem. (There shouldn't have been, because a big part of our mission was empowering store employees to resolve customer complaints.) I found out what they were upset about, got them to walk back inside, got it resolved, and turned them into happy customers. "It would have been very easy for someone in Tom's position to have remained in the car until we had finished parking," Don noted. "But by the time we had gotten out of the car and into the store, those people would have driven off. So Tom jumped out and went out of his way to introduce himself and correct the situation. I'm sure he left a lasting impression on that store's personnel, not to mention those customers." Our corporate commandment — Thou shalt be caring — was like a global positioning satellite that helped our people navigate the choppy waters of day-to-day decision making. More important, it helped managers identify and capitalize on "coachable moments" — instances when an employee's actions conflicted with our mission. For instance, our follow-up system required us to contact customers not more than 48 hours after providing a price quote. On a regular systems-review visit to a suburban Minneapolis store, I checked the phone log and saw that a teammate was skipping the follow-up call. It turns out he hadn't been properly trained and wasn't sure how to do it. So I spent some time teaching him the ropes. When it was time for him to make an actual call, I listened in. The woman he called told him she had opted to buy new tires from Firestone. "Oh, that's too bad," he said. "You really missed out." After he hung up, I said, "Wow, you basically told her she made a bad decision. How do you think that made her feel? Do you remember what our mission is?" He stammered, "To give caring, worldclass service to our guests?" I asked if that phone call was consistent with the mission. He acknowledged it wasn't. "If somebody tells us their needs were taken care of," I said, "our reply should be, 'I'm glad you got what you needed. Your car is safer and will handle better now, and that's what's most important. Next time you're in the market, we'd love to have another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone. We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are y The ABC of Magazine Printing ut of the store and had sensed by their expressions that they weren't happy. I asked if there was a problem. (There shouldn't have been, because a big part of our mission was empowering store employees to resolve customer complaints.) I found out what they were upset about, got them to walk back inside, got it resolved, and turned them into happy customers. "It would have been very easy for someone in Tom's position to have remained in the car until we had finished parking," Don noted. "But by the time we had gotten out of the car and into the store, those people would have driven off. So Tom jumped out and went out of his way to introduce himself and correct the situation. I'm sure he left a lasting impression on that store's personnel, not to mention those customers."Publications come in so many different forms. They are designed to meet the different interests of the people. And one of the most popular types of publications is the magazines. Generally, the magazine is classified into four types: trade magazines, scholarly magazines, sensational magazines and popular magazines.Let’s analyze the essence of the magazines and why are they important in the society. Magazines serve as the basic source of the latest information about anything under the sun. These publications offer vast information that talk about any kind of subject. Most of them are designed for fun while others are research-based.Basically if you’re a first-time magazine publisher, there are some things that you must consider. You should create a design for your magazine that will turn your magazine into a best-seller. How will you do it? Well just follow these simple tips.1. Get some ideas. It helps if you purchase some magazines and analyze them to get some ideas on how you will come up with your own publication. See what catches your attention in buying those magazines. What’s in them that caught your attention. Is it because of the photos or the layout? Is the topic of the magazine eye-catching? After deliberating on these things, you can use the things that you like in those magazines to create your own magazine print.2. Create a well thought-out masthead. In simpler terms, the masthead pertains to the logo of your magazine. Usually you can find the masthead at the top section of the magazine cover. It is very important that the masthead should be clear and readable. Make sure that the fonts are legible enough for the readers to understand. Keep in mind to make your masthead visually compelling so as to draw the attention of the magazine buyers.3. The cover photo should say it all. A well-designed cove Our corporate commandment — Thou shalt be caring — was like a global positioning satellite that helped our people navigate the choppy waters of day-to-day decision making. More important, it helped managers identify and capitalize on "coachable moments" — instances when an employee's actions conflicted with our mission. For instance, our follow-up system required us to contact customers not more than 48 hours after providing a price quote. On a regular systems-review visit to a suburban Minneapolis store, I checked the phone log and saw that a teammate was skipping the follow-up call. It turns out he hadn't been properly trained and wasn't sure how to do it. So I spent some time teaching him the ropes. When it was time for him to make an actual call, I listened in. The woman he called told him she had opted to buy new tires from Firestone. "Oh, that's too bad," he said. "You really missed out." After he hung up, I said, "Wow, you basically told her she made a bad decision. How do you think that made her feel? Do you remember what our mission is?" He stammered, "To give caring, worldclass service to our guests?" I asked if that phone call was consistent with the mission. He acknowledged it wasn't. "If somebody tells us their needs were taken care of," I said, "our reply should be, 'I'm glad you got what you needed. Your car is safer and will handle better now, and that's what's most important. Next time you're in the market, we'd love to have another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone. We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are y Wholesale Gold Jewelry Trading Guide for Entrepreneurs e another opportunity to serve you.' " I stressed that alienating a potential customer today means we're also slamming the door shut on future sales. But that's not why people should be treated with respect. When you genuinely care about their well-being, without regard to expectations and outcomes, the goodwill generated benefits everyone.For those of you who are thinking about selling gold jewelry, it is crucial that you understand fully how to determine the price for gold jewelry. Not only this can help you to tell a good deal from a bad one, it also helps to analyze your competitors and understand the market better before you make any investment.Gold price The most important part of wholesale gold jewelry trading is to understand the breakdown of the cost of a piece of gold jewelry. Let‘s say the current good price is $500 per ounce. To calculate the cost of gold for a piece of 14 karat gold jewelry that weighs 3 gram without any stones, we first divide the price per ounce by 31.5, to get the price per gram, which is $15.87. This is the price of pure gold. To convert this to 14K gold, knowing that there are 24 karats in pure gold, we divide $15.87 by 24 and multiply the result by 14. The price per gram for 14k gold is roughly $9.26. Therefore, the total cost of the gold for a 3 gram ring would be $27.78.Labor Cost Another major part of the cost for a piece of gold jewelry is the cost for labor, especially for pieces set with precious stones. Gold jewelry generally requires some filing and polishing after it is cast out of the mold. The labor cost can sometime be as high as $2 per gram, depending on the origin of the jewelry and the style. In addition, the cost of setting any stones on a gold jewelry can be over one dollar per stone. Certain advanced setting such as channel set and invisible set cost even more because of the high level of craftsmanship required.Markup of Competitors A good way to analyze if a certain style of gold jewelry is profitable and beneficial for a business is to understand your competitors’ prices. Since you already know how to calculate roughly the cost of a piece of jewelry, and therefore the price that you can g We upheld our mission statement's integrity just as vigilantly for our "internal customers." If an employee treated a colleague rudely, I challenged him. I wanted amends made and behavior corrected immediately. "How would you feel if somebody treated you that way?" I'd ask. "How would you react?" I'd remind the offender in no uncertain terms that our mission called for everyone in the company to deliver caring service to each other, and that caring about and being of service to others was what we were all about. Emphasizing worker civility isn't just the right thing to do. It's also practical. The average Fortune-1000 boss spends 13 percent of his or her time refereeing his or her staff, according to a study by the Marshall School of Business at the University of Southern California. Do the math. That's seven squandered weeks every year, a crippling price for neglecting to put your manners where your mission is. RETOOLING YOUR MISSION If your company's mission is in mothballs, I have two words: huge opportunity. Reigniting your mission can set off sparks that fire up the whole team. Stir things up at the next executive-team meeting. Ask if anyone can state the mission from memory, or at least its essence. If the executives can't, chances are no one can. And that means your mission registers a big fat zero on the inspiration scale. Looks like it's time for an update. First, convene a brainstorming session with top brass. The leaders (hopefully) have an innate sense of the company's purpose. Start by describing what your company offers. Ask, "Why is that important?" Challenge what the group comes up with, asking again and again, "How does that help our customer?" Go deeper still until you finally punch through the brick wall of logic and tap into people's hearts. After five or six iterations — the whole thing could take two or three sessions — odds are you'll nail the essence of why you're in business. Now, it's tweak time. Create opportunities for every employee to pitch in. Reach out to resident wordsmiths and deep thinkers by posting drafts of the mission wherever people will see it— elevators, bathrooms, paycheck envelopes. Send it out in an email blast. Call a companywide meeting. Tell people how to submit their ideas. Getting everyone involved — and assuring them that all suggestions will be valued — builds trust and teamwork. Before you know it, a wellscrubbed mission statement will be hanging on your office wall, and in your teams' hearts and minds. TURNING VISION INTO REALITY Championing your mission statement was a good start. Now that everyone's on board the mission train, how do you keep everyone on track without derailing into complacency or chaos? And how can they pick up a head of steam while they're at it? Hitch up the engine to the ol' Double-V — vision and values. Unlike your mission, which states your firm's purpose, a vision statement asserts where your company is headed. And a statement of operating values spells out the personal traits required of you and your employees to achieve your company's mission and vision. Imagine you've just received an advance copy of Business Week. The cover date is 10 years in the future. To your delight, the cover story features your company. Before you riffle through the pages, pause for a moment. What would you like that article to say about your company — its image, its culture, its values, its accomplishments? This future description of your company is your vision. Your vision should be both bold and fearless, like John F. Kennedy's famous 1961 speech to Congress: "I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth." Telescope out seven to 10 years. Peering that far requires visionary thinking and a willingness to look beyond current capabilities and market conditions. Then start thinking, what can you do today to turn those hoped-for Business Week headlines into scrapbook clippings? Your responsibility as CEO is to champion your company's mission until it guides every member of your team like the North Star. Consistently breathe new life into your mission and vision by keeping them updated and relevant. Only then can they evolve into a force that shapes employee behavior.The synergy of mission, vision, and values can unleash a torrent of opportunities for excitement, enrichment, and enlightenment. Be a catalyst of creative energy until your efforts take hold and begin to crest. TO PROMOTE AWARENESS OF YOUR MISSION: -Use it as a litmus test in one-on-one and group meetings: "Is this in sync with our mission?" -Ask people to commit it to memory. At team meetings, randomly call on someone to recite it. Reward a correct answer with a gift certificate. -Hold an annual team meeting to make everyone aware of the company's mission and how it meshes with his or her daily routine. -Hold an essay contest with a topic like, How our mission helped me make an important decision. Or, How our mission inspires me to give my best. Or, simply, What our mission means to me. Post the entries on your intranet or bulletin board and award a prize to everyone who enters. -Start a "Mission Mentions" section in the company newsletter to officially recognize employees for embodying the mission through words and deeds. At smaller shops, low-tech bulletin boards work just as well as high-speed e-letters. -Post a suggestion box and solicit comments about how the company can follow through on its mission. -Encourage employees to speak up if they run into circumstances that clash with the mission. Make various reporting channels available.
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