Tag Archive: transaction

3 Questions to Make Your Business Better

question As business owners, we often hear that we have to work on our business, not just in it. It’s a concept that sounds simple when you say it, but how do you get started?

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A lot of entrepreneurs thrive on bending the rules so the starting point isn’t always obvious. You have to create the rules – the operating system – so you will have time to work on your business in the future.

So, early in your business, you work on your business by working in your business!

You begin to develop those systems that will make delegation to your future employees more effective. To do that, ask yourself three questions:

  • What is your vision of the perfect transaction?
    Map out a transaction from beginning to end. Think about what you want your customers to experience during each step of the process. This will include: your advertising, the first interaction, and the closing of the transaction. But don’t forget to include what happens internally to support the transaction and follow-up with the customer.

But here’s the interesting thing when you bring your customers’ perspective in – every customer probably has one or two little things that they really like. If you can gear your organization to make that one customer happy on that one point, you’ll probably thrill the rest of your customers by doing it! They probably want it, too. They just haven’t vocalized it.

  • How can you improve one thing one percent?
    Take your bigg picture and bring in all the things that your customers have told you and begin working on one at a time.

We have a confession to make … these three questions aren’t ours. They come straight out of Ken Blanchard’s Raving Fans. It highlights these three questions through a great story and we highly recommend that you read his great book.

So these three questions will improve your performance, help you develop your operating systems, and keep you focused on the most important people in your business – your customers.

Putting it to work

Now you want to improve one thing one percent. We saw a great example of this in action. A company had their entire process mapped out on the wall of their conference room.

They had all these sticky notes up on the wall. Each sticky note represented something they wanted to test – something that represented a potential one percent improvement. These suggestions had been made by customers and by employees.

That’s what makes this concept so useful. It’s a great tool to get employee buy-in.

They get on board because they can see that their suggestions are being considered. More than that, they may get tested. The test results may call for full implementation!

It makes your employees feel like they’re a significant part of something bigger. They are valued. That leads to bigg success with your employees. 

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Thanks for checking in on us today. Join us next time as we make a special announcement – a new beginning for Bigg Success. Until then, here’s to your bigg success!

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Related posts

One-Up Yourself for Bigg Success

How to Get Your Employees to Own Their Job, Not Just Do It

(Image in today's post by tulp)

Print Your Own Money Legally

money We had never thought about this until we read the story about Crissy Thompson. Printing coupons is like printing money. Only you won’t go to jail!

During tough times, when nearly everyone is looking for ways to save money, clipping coupons can make a bigg difference. But many people don’t use coupons.

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Why don’t we use coupons more?

Some people think the only products you can get coupons for are junk. Others feel like they would just buy things they really didn’t need. It takes too much time to find the right coupons. Or it’s just too much of a hassle.

There’s also a stigma associated with coupons – some people feel that only “cheap” people or people who don’t have money use coupons.

But they’re wrong! In fact, Thomas J. Stanley, in his wonderful book The Millionaire Mind, showed that many millionaires use coupons.

Many people may think the savings from coupons are negligible, but they can really add up if you know what you’re doing. It’s just like making more money, only you don’t have to pay taxes on what you save!

Combined discounts save bigg money!

Crissy Thompson has a husband and three kids. Her grocery bill used to be as much as $250 a week. Now she spends as little as $10 a week to feed her family. It seems like she is particularly adept at combining discounts.

For example, she loves “buy 1, get 1 free” deals combined with coupons. The story gives the example of some cereal that cost $3.79, but the second box was free.

Crissy had two $3 coupons for this brand of cereal. That’s another thing we learned from reading this article – one coupon per purchase doesn’t mean “transaction”; it means “item”.

So she paid $3.79 for two boxes of cereal. She was able to use $6 worth of coupons. In essence, she got paid $2.21 to buy that cereal!

Shop for free!

She likes CVS because they have a rewards program called Extra Care Bucks. Extra Care Bucks can be used on your next purchase.

The story highlights a couple of items she got for free – some deodorant ($4.99 less $4.99 Extra Care Bucks = $0 net) and a toothbrush ($3.99 less $3.99 Extra Care Bucks equals $0 net). Combine that with some manufacturer’s coupons and you could get paid to shop!

Don’t wait for your money

Crissy also demonstrated her financial prowess because she wasn’t willing to wait for her money. Since the Extra Care Bucks have to be used on your next purchase, Crissy makes multiple purchases in the same trip! Then she can use her rewards immediately.

Crissy’s 2 cents worth

At Target, you can print out coupons from their web site and use manufacturers’ coupons – 2 coupons, 1 product! That helped Crissy with the transaction of which she is most proud …

She walked out Target’s door with $380 worth of merchandise.

Her grand total out-of-pocket cost … 2 cents!

Like any endeavor in which you wish to succeed bigg, it takes research and some work. However, shopping like Crissy is like putting money in the bank!

Sites to help you save

CouponCrissy       
Crissy’s new web site

Hot Coupon World   
Crissy’s favorite coupon site

GottaDeal       
Another of Crissy’s favorites

CoolSavings 
  
Coupons and more for just about everything, including the kitchen sink!

MyCoupons   
Helps you find the best place to shop while using coupons from their site

SmartSource
       
Focus on groceries. Find online coupons as well as online circulars for your local stores.

Valpak           
Primarily coupons for services and restaurants.

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