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Business Thinking

When Your Favorite Business Dies

by Douglas on April 17, 2009

in Business Thinking

The Death of Our Favorite Business

My Favorite Sushi Place

My Favorite Sushi Place

On a visit our favorite takeout sushi place we received some crushing news – the shop would close in two days. Tears welled up in my eyes. I am not saying this for dramatic effect. Tears were nearly spilled. I was shaken. I felt like a good friend just passed away.

We wanted to know why he was closing such a popular place. The owner told us due to the Peso devaluation, his main ingredients which were imported from Japan, had nearly doubled in price. He said that it no longer made sense to keep the doors open. You can’t argue with his logic but it still didn’t console me.

The Strong Bond of a Great Business

I got to thinking. Why did I feel the closure of a business so deeply? It was only a takeout sushi joint. We can always find another. Right? No really…Right?

A great business creates a bond. It becomes part of you. You don’t think of as just place trying to separate you from your money. It is a constant in your world. A friend. And a comfort.

Yamada the Owner

Yamada the Owner

Yamada, the owner of my sushi place, took pride in his business and deeply cared about his customers. We never really talked much but he always had a question for me and on my next visit he would ask a follow up question. He kept track of what happening in his customer’s lives and enjoyed being a part of them.

I will miss the food but what I will miss more is the way the restaurant made me feel – alive, accepted and part of something.

How deep is the bond between you and your favorite business?

Read more about customer relationships: Business Rule #1 – Care for People

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It’s All About the Customer

by Douglas on April 10, 2009

in Business Thinking

Every relationship with a customer is only about the customer.

stickman-customerAs a customer, I want to do business with someone who values me and enjoys taking care of my needs. Since, I am paying my good money for a product or service, the relationship is about me. 

I bought the privilege.

When you deal with a business, evaluate how the business interacts with its customers. Where is the focus of the relationship?

You will be surprised how much of the relationship is designed to meet the needs of the business not the needs of the customer.

More on relationships and customers: When Your Favorite Business Dies

Photo: 10ch

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Every Customer is Buying Care

April 2, 2009

What Your Customers are Really Buying

Every customer is buying care regardless of what you are selling. They want you to hold their hand, make them feel good, or important, or beautiful, or smart.
They want you to communicate with them and treat them with respect. Customers know when you truly want to take care of them. [...]

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When Your Work for Yourself, Do You Really?

April 1, 2009

The Truth about Working for Yourself
Break the chains! Become self-employed! Start a business! No more bosses. No more pointless meetings. Work when you want and how you want. You decide. Sounds exciting. Wouldn’t it be great to say, “I quit! I’m breaking out on my own. I’m in charge.” Very romantic but not very accurate.
Working [...]

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Money Isn’t Important to Start a Business

March 31, 2009

What really counts.
Money isn’t important to a startup. Huh? You are probably thinking, “how could he say that? I can’t possibly start a business without money.”
Drive, creativity, and the ability to make magic happen are far more important than money. Too much money is a detriment. You lose the hunger because you have money to [...]

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Road to Business Success Is Not Clearly Marked

March 30, 2009

Which road?
The road to business success is not clearly marked. Every business book, business website, and business guru makes the process of launching a business seem like a simple step-by-step progression. You think, “if I perform Step A, then Step B, then Step C, as proscribed, my success is guaranteed.” It’s not.
You must choose your [...]

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Want to Start a Business? – People Say No!

March 29, 2009

People say, “don’t start a business!”
You might think, why would people be against me starting a business? Don’t they want me to realize my dream?” Keep in mind, most people are risk averse. They are afraid you might lose money or fail somehow and they don’t want to see you get hurt. They have heard [...]

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A Smile, Cheap Beer, And Free Food

March 25, 2009

Which of the following make a business successful? a. a smile, b. cheap beer, c. free food, or d. all of the above.

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Business Rule #1 – Care for People

March 25, 2009

Business is about people, yet the majority of businesses treat people as an afterthought.

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