Business Tips by Chris Reich
Tips from growing a business to dealing with disputesHabit to Form NOW
Important habit for 2012 and beyond: BE ON TIME. I don't care who you are or how important you think you are, BE ON TIME for calls, conferences, meetings, etc. Deliver on promises on time. Turn in proposals or reports or email answers when promised. Being on time is a...
Learn from Mistakes and Don’t Repeat Them
Repeating the same mistake 20 times tells me that person would be better off getting a job rather than trying to run a business.
Inventory Tip
If your business sells a tangible product, here's a strategy to improve your inventory position.This is especially important if your business sells Christmas items. In fact, it's absolutely critical if your business is affected by Christmas.Look at the items you...
You Will Not Read This Anywhere But Here
I was busy writing a rant when I was pleasantly interrupted by a complete stranger---who happened to be of like mind. That was so refreshing I put my rant on hold to say this:It's not too late to get this country back on track. We can do it.The government can't create...
One Easy Step to Improving Your Business
Communication is the key to improving just about any business. My new client work starts with a meeting with management. I want to understand the perceived problems and desired goals. Generally I will be told about some part of the business that is not performing as...
Why Fun at Work Matters
Most managers either dismiss work fun as unimportant or think having fun will detract from professionalism. They are wrong!
Never Forget This
I haven't posted for a while for a number of reasons. The main reason is that I don't write unless I have something to say.This quote has been rolling around in my head and I think it's a good time to remember it...I have seen something else under the sun: The race is...
Business For Sale, Established, Profitable
For Sale: Growing and Profitable BusinessPut that ad in any newspaper and the phone will ring before the ink dries.There is demand for businesses that are making money. There are millions of people with "nest eggs" who would trade their boss for a business in a...
Don’t Blame Labor
As we head into Labor Day, let me ask that we stop blaming the working people for all the woes of business.I'm sick of handing over our manufacturing base to China because our "labor costs are too high". Nonsense. We are addicted to low quality, cheap junk....
I’m Sick of Hearing This
Seth Godin wrote on July 25th, 2011:"The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room...
How Much Will You Pay for Your Next Sale?
All sales, except perhaps a repeat from a loyal customer is bought. Your business pays for each and every sale. It might be advertising, special service, a discount, the website, a favor—something.
How Much Will You Pay for Your Next Sale?
All sales, except perhaps a repeat from a loyal customer is bought. Your business pays for each and every sale. It might be advertising, special service, a discount, the website, a favor
Try This at Your Next Business Meeting
I came across an article about created languages and it stimulated my thinking. There was one language based on simple symbols that represented concepts like a smile face for feeling happy. The main idea was to develop a means of universal communication. The...
Short and Sweet
Thoughts for the day...It's summer. Things have slowed from the slow we were getting used to, to slower.So, while we've got some time on our hands, rather than panic, let's focus.If something you're doing is not working, stop doing it. Hard to do because of what's...
Creativity Second to Integrity Means…?
About 60% of CEOs polled cited creativity as the most important leadership quality, compared with 52% for integrity and 35% for global thinking. Creative leaders are also more prepared to break with the status quo of industry, enterprise and revenue models, and they...
Don’t Fear Being Imperfect. Fear Being Normal.
No, this post isn't going to be perfect. I'll flub some grammar. Some sentences may not be the best in terms of readability. I'm a very busy guy and unless you're looking for a writer, the tip I'm about to give you will outweigh the erudition.Stop trying to be...
Failure Analysis
I believe it is very important to look closely at why things went wrong when things go wrong. We can learn from our mistakes. But how can you look closely at failure without your desire for 'better' devolving to a blame game?Before answering that question, we have to...
The Key to Finding New Customers
That key is to tailor your business to fit the needs of the customers you are seeking. Seems obvious enough but it's not that easy to do.Let's look at a couple of examples. I want to try to overcome the objection that "this doesn't apply to my business." That...