All Topics
Management
You’re Not As Unique As You Think
Ever suspect standard solutions won’t work for your business?
Does it seem that most solutions, software, or best practices need to be customized in order to really be effective for your company?
If so, maybe you’re assuming your business is more unique than it is.
When advising AV companies, I often hear, “We’ve seen other people do that, but we can’t. Our business is too unique.”
As a person, you are unique.
But as a business, you are NOT.
Management
The Truth About Employee Career Paths
Who are your best hires?
Who are the people who will advance through the ranks of your company? The people who probably won’t move out of the warehouse?
While most of us tend to look for new hires who show promise of moving through the different positions of our company, that’s not always the best option… for them OR you. The idea that you should only hire people who will move up the career ladder is a myth that too many AV companies buy into.
Sales
How to Keep Clients from Dragging Their Feet
Reaching a deal with a new client is challenging enough.
But getting a new client to actually sign the contract they’ve already agreed to can be even more difficult.
We’ve all been there: We complete the proposal and send it over for approval. They respond, “It looks great!” We ask them to sign it and send it back, and then...
We don't hear back from them. For some reason, they drag their feet.
How do we move from verbal agreement to written confirmation? Once we understand why they’re not signing, we can implement a process that makes it simple.
Sales
Why Not Raising Your Rental Prices Hurts Your Business
Customers don’t like change.
No salesperson will dispute this claim. It comes up nearly every time we talk about raising prices, increasing profit margins, changing crew routes, or even offering different technology.
When these topics surface, inevitably someone says, “We can’t do that. Our customers won’t let us! They don’t like change!”
While this idea tends to creep into nearly every sales meeting, customers’ resistance to change doesn’t mean we shouldn’t make the changes necessary for our business to succeed — even when that means raising prices.
Marketing
How to Identify Your Competitive Advantage
Every owner, manager, and salesperson should know their competitive advantage.
You should know what you offer the client that surpasses what they find elsewhere. You should know why customers choose to do business with you, not your competitor. You should know why you’re worth your client’s time and money.
But what if you don’t?
Strategy
Two Important Questions to Ask Before Expanding Your Business
Once you hit a certain level of success in your AV business, it’s natural to explore the possibility of expanding. But should you go from local to national? Multi-national? Global?
Maybe you have clients with offices around the world who have planted the seed that expanding overseas would be profitable for your company. After all, China and other countries in the Far East are particularly attractive and rich with opportunity.
But taking your company to a new location requires more than a mastery of the logistics.