Business Tips by Chris Reich
Tips from growing a business to dealing with disputesFive Ways to Help Your Company Survive Now
Yes, it's harder to do business now than it was. I do not think it will ever get easy again. We reached a tipping point this time which has yet to be recognized. Most managers are waiting for a recovery that might never come. I think it's smarter to change the way you...
Happy Anniversary
Happy 20th Anniversary to those in China who long for freedom and democracy."China aggressively deterred dissent in the capital on Thursday's 20th anniversary of the crackdown on democracy activists in Tiananmen Square. But tens of thousands turned out for a...
Path to Success
Okay, first take a look at the napkin art. Then read the thinking below.Last week a guy called me about working for him on a "sure thing". This new product is going to blast off. As soon as he starts producing these things, which is going to require significant...
Things Will Never Be the Same
The U.S. is pumping billions of dollars into a struggling economy to save sinking businesses that have failed to keep pace with world-wide changes.Do we need to 'save' GM or should we let the pieces go to the highest bidders? Those with the capital to buy up the...
Why is Service Generally Getting Worse?
I really don't understand why service at nearly every business is getting worse. In an economic slow-down, market share is gained by providing great service. Oddly, the decline in service has nothing to do with cutting cost---or cutting costs should not affect...
Community
Building community around your product is the most important marketing step you can take. It used to be branding. Now it's community. People have less brand loyalty than they have business loyalty if they feel that they are important---part of something. You build...
Are All Your Bodies in Motion?
Newton's First LawA body in motion will continue in motion and a body at rest will remain at rest unless acted upon by force.You have people in your business who are always in motion. And, you've got some that never seem to be moving. Physics. Basic Physics.If you do...
Physics Lesson
F=M*ADo you know what that means? You should. It can determine the fate of your business.It means FORCE = MASS X ACCELERATIONSo what and how how does that apply to business?OK. I have a 15 pound bowling ball. I rest it gently on a glass table. There it sits. The...
Grab Market Share NOW
Yes, sales are down. In some cases way down. The pie available is smaller. So what? You can still grow your business.
Things We No Longer Need—or Want
Chrysler is terminating contracts with nearly 800 dealers. GM is considering booting 1,100 dealers from their flock. So what? Do we need car dealers? No.There was never a time when the car salesman had a good reputation. Think of an item people hate to buy and a car...
Hand Sanitizer Will NOT Save You from the Flu
OK, have I got your attention? You know (I hope) that frequent hand washing can protect you from the flu. But did you know that the rubbing is as important as the medium?In other words, just a quick wipe with hand sanitizer will not kill 99.9% of the germs on your...
Don’t Let the Flu Stop the Recovery
While there may be a bit of media hype around the swine flu outbreak, it could indeed halt the economic recovery. My clients are seeing signs of improvement. Business is picking up. But things could come to an abrupt halt if the swine flu becomes pandemic.Employers:...