Business Today :: Business Intelligence: Serving business owners in Cabarrus, Lake Norman, University City
Business Intelligence: Serving the Golden Crescent, including Lake Norman, Cabarrus and University City  
Bits & Briefs

Green Drinks Thursday

Feb. 22 Green Drinks Lake Norman meets 5:30-7:30 pm Feb. 23 at Campania Café in South Main Square in Davidson. Topic: The Sustainability Scholars Program at Davidson College. Info: Kathleen Rose 704-896-0094


Toastmasters workshops

Feb. 22 The Davidson Toastmasters is presenting a four session workshop April 4, 11, 18, 25. Info: Tim White 704-947-6932, or tim.white614@gmail.com


Cornerstone merges

Feb. 22 Cornelius-based Cornerstone Financial Partners has merged with Martha Wright’s LPL Financial firm in Greenville, SC.


Dove House auction items

Feb. 22 The Dove House Children’s Advocacy Center's fundraiser April 28 at the Charles Mack Citizen Center needs new auction items, services and gift certificates for “An Evening for Dove House”. Info: Ken Wooten 704-883-9814 or ken@dovehouse.us


Uwharrie posts higher net

Feb. 16 Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust, reported net income for the year ended Dec. 31, 2011 of $900,000, an increase of $187,000 compared to the prior year. Net income available to common shareholders was $255,000 or 3 cents per common share this year compared to $68,000 or 1 cent per common share for 2010. Net income available to common shareholders reflects the payment of dividends on preferred stock issued by the Company. At Dec. 31, 2011 the company had total assets of $527 million.


RCCC hosting skills contest

Feb. 9 Rowan-Cabarrus Community College is hosting the SkillsUSA Regional Competition to encourage students, teachers and industry to work together to build a skilled workforce. SkillsUSA is an applied method of instruction for preparing America’s high performance workers in public career and technical programs.

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Small Business Toolbox

February 2011

Savvy Business Owner

DeMAO

Sherre teaches us the most effective business owners know how to get things done beyond the confines of their minds and their capabilities. As a result, they make more effective decisions and take more effective action when choices need to be made. Make 2012 the year you become a manager of your destiny.

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February 2011

Seller's Market

KANE
Cheryl Kane teches us that time allocation, prioritizing how time is used, and controlling access to your time for specific efforts are all necessary to efficiently and effectively use your most rare and valuable asset: time.
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January 2011

Seller's Market

Starting the year off right: Evaluate your sales efforts

Selling is a process requiring high quality skill and excellence in the process. Many professional sales people view their service as a combination of artful skill and industrial engineering process efficiency. They gain increasing effectiveness in their sales processes by continually evaluating how well they perform, adapting and adjusting their techniques, and always stay on the lookout for fresh ideas from competitors, unrelated industries and instructive training. This keeps them energized, keeps their messages effective, and helps them maintain strong depended-upon relationships with their customers. Maintaining excellence is a continual process of re-evaluation.

It requires a dedicated block of time to decide how to steer your organization toward excellence. Staying current in knowledge, learning updated skills, honing the skills one has to sharper effectiveness, and adapting to continuing customers’ expectations requires continual observation, collection of information and the time to sift this accumulated data to identify relevant opportunities for further change in oneself, the business or the business processes.

The steps for a session on re-evaluating skills, messages or processes for some businesses might happen like this.  Clearly identify the agenda’s purpose and stick to that stated purpose-stay focused (don’t become unproductive moving from topic to topic) appoint a “topic guard” who reminds you when the discussion is moving off-topic.  Make sure everyone who will attend knows several days in advance what the topic is and what the stated outcome for the meeting will be so they may be prepared with quality ideas and information upon their arrival. Set aside a block of time, demand no interruptions and require all minds at the table (uninterrupted by outside messages of any kind). Focusing on a one topic to improve at a time will pull you toward excellence faster.

Achieving excellence evolves from allocating meaningful time on small details. I suggest making the scope of reevaluation meetings tightly focused on single, non-traditional topics to help you concentrate the valuable efforts and insight of your team on creating high quality improvement outcomes. It’s the details of excellence that make many a business the best. If your group doesn’t have the skill or objectivity to dissect and re-evaluate what they do, hire a trainer or moderator for the session.

Sales improvement topics which can help you create excellence in the small details of your sales processes might include:

How can you construct your sales messages to a) gain the attention of prospective customers, b) help them recognize how your product fits their need, and c) indentify your company/products as distinct?

How can you improve your inquiry questions to customers to a) cull helpful information efficiently while b) building a relationship and making sure not to c) offend or annoy them?

What is your customer’s experience really like? Spend time being the customer by “being the customer” in real time, or hire a mystery shopper to walk in the customer’s shoes.   I never cease to be amazed at how my clients are openly surprised, and sometimes shocked, by what I discover as their mystery shopper. You can never really see your processes as your customer does unless you (or your mystery shopper) walk in their shoes, sit on hold they way they do, try to complete an order or make a return, or read the invoices you send to them, unless you (and your sales staff) get out of your actual role and get in the role of the customer.

Now may be the right time to set aside structured time to re-evaluate the details in your processes. Make a short list of five parts of your sales process you’ve carried in the back of your mind as ‘needing improvement’ and put time on your calendar to do it.  Just knowing something needs to be improved doesn’t get it done-just like having books on a shelf doesn’t mean the knowledge in them is being used unless the book is read. High quality skill and excellent processes come from continual reevaluation and work. Making the time means you will be closer to achieving your goals.

Cheryl Kane, MBA, is a business consultant, sales trainer, and professional speaker.  If you seek assistance in growing your business, need a business speaker, or  have a question you would like to see answered in this column, Cheryl welcomes your communication at (704) 795-5058 or through her web site, www.cherylkane.net.

Hot Properties

February 2012

Hot Properties

Cornelius: This 4,119 square foot lakefront house has sold for $834,000

In Cornelius

A house at 19710 Shearwater Point Drive has sold for $834,000 after being listed at $899,500. The 4,119 square foot lakefront house, which has a tax value of $842,300, was built in 1989 but fully updated.
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Entrepreneurs

Dogged pursuit of people

side of business pays

off in acquisitions

Judy and Tony DaDante

A resort-style spa in Mooresville, near Exit 33 on I-77, gives new meaning to the phrase creature comforts. Inspired by the “look and feel of a spa in Tuscany,” Pampered Pets Inn is a full-service pet boarding and day care facility. It’s just been acquired by Judy and Tony DaDante.

 

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Opinion

Editor's Notebook

Public relations nightmares can happen overnight

A lot has happened in the media lately that makes me shudder. Some of it has to do with the art of media relations, some has to do with media not doing our jobs.

• N.C. Rep. Thom Tillis put out a press release Jan. 28 saying, “I have concluded that most (but not all) of the mainstream media will not report on a balanced basis. … Therefore, effective today, I have resigned myself to embracing this reality and making the best of it.”

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On the Record (register to access)

Homes sales: Feb. 2012

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Foreclosures: Feb. 2012

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New corporations: Feb. 2012

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