Digg it UP - Business

The Fundamentals of Motivation
Have you ever wondered why the people in your team don’t seem as motivated as you do? Or why some people do their jobs with enthusiasm and vigor, and others barely get through the day without taking the frown off their faces?You are not alone. The topic of human motivation has been studied for hundreds of years. So it’s a topic we know a lot about. Unfortunately it’s not often taught to managers as part of their training.There are things you can do to influence how much energy people are willing to put into their jobs. Below are 5 criti

but we could have focused on “tranquility” or “peace of mind,” which, for instance, is one of the chief deliverables insurance clients value.

Rates are important to them, but above all, people want to know their claims will be handled right, meaning they’ll be covered and they’ll get a payout immediately, without hassles.

This is what made the Allstate “Good Hands” commercials so successful, and is so appealing about the current batch of Farmers ads that show accidents being reversed, and clients returning to a state of normalcy.

There are 3 steps to using VALUES in your sales, marketing, and client retention activities:

(1) Develop an inventory of customer values, a comprehensive list that defines customer drives, operationally;

Thinking of Having Your Vehicle Wrapped?
Some businesses are exploring the idea of this fast-growing medium of vehicle wrapping as an effective advertising tool. Small businesses, large corporations, media outlets and others that want to attract attention are turning to vehicle advertising as a means to that end. But be warned: vehicle wrapping is not for the faint of heart. While some of the basic vehicle graphic application skills crossover to wrapping, the latter requires more sophisticated techniques. So if you are considering venturing into the bustling world of vehicle wrapping, then

In a recent article I mentioned we’re erring in marketing, selling, and in customer retention activities by focusing on CRM, on customer service, and on customer satisfaction.

Instead, we should be concentrating on creating customer VALUE. To do this, we need to explore what customers actually consider important to them.

When I was teaching college communications classes in my 20’s, I had my students analyze their audiences using an inventory of human VALUES. They crafted speeches and written reports that were nothing less than astonishing in their appeal.

Values are defined as “desired end states.” In business, you can think of them as customer goals.

And there are many, unlike what primitive models of customer behavior suggest.

To say, for instance, “Customers want satisfaction,” is a valid, but generally empty statement.

We should be asking: What do customers openly want, and secretly crave?

The student who decides to apply to a graduate school because an internationally acknowledged “guru” teaches there is seeking something very specific. Overtly, it is first-hand guidance from the best academe has to offer.

But his secret wish could be status, bragging rights, the ability to say, later in life, “I studied with management mastermind Peter F. Drucker,” inducing the awe-struck to ask, “What was he like?”

I was late to Chicago’s O’Hare Airport, concerned that I might miss my connection to Columbus, Ohio. When I disembarked from my flight, an airline valet was waiting exclusively for me, ready to shuttle me in his electric cart to my next plane.

I remember thinking, “Wow, at least there is a payoff in traveling every week.” Being recognized as one of their most valued passengers in this way was just as valuable to me as catching the last connection of the day.

But this pales next to the time when the Dean of a Texas business school accompanied me to the gate where my plane had pulled away, onto the tarmac, and he asked the agent: “Do you know who this man is? He’s Dr. Gary S. Goodman, and he must get to Texas Tech tonight!”

They recalled the plane to the gate, I boarded, and my fellow passengers applauded.

Find a way to make me feel unique, and you have done something impressive that I’ll reward with even more of my business, as I did with the airlines.

But the key isn’t simply to understand that “Goodman likes status,” or “He responds to special treatment,” because this could apply to nearly everyone. Knowing where this value ranks among my top 10 or top 20, is really the trick.

Would I continue to patronize an airline that is consistently fifteen minutes late, but which treats me like a prince? Or, would I defect, giving my loyalty to a no-frills, cattle-call carrier that ignores me but gets me to where I need to go on time?

Few companies ever seek or learn this type information that reveals what specific clients will trade-off for various satisfactions.

I have only mentioned “status” as a value in this article, but we could have focused on “tranquility” or “peace of mind,” which, for instance, is one of the chief deliverables insurance clients value.

Rates are important to them, but above all, people want to know their claims will be handled right, meaning they’ll be covered and they’ll get a payout immediately, without hassles.

There are 3 steps to using VALUES in your sales, marketing, and client retention activities:

(1) Develop an inventory of customer values, a comprehensive list that defines customer drives, operationally;

Pre-Money vs. Post-Money Valuation
When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the business needs $500,000 to get started and/or grow, how much of the equity in that company should $500,000 command? Once this question is answered, the company will go out and try to find investors. When doing so, a key question often arises as to whether the valuation is “pre-money” or “post-money.”“Before the money" or “pre-money” and "after the money" or “post-money” denote simple concepts. However, t