Do your customers survive in spite of you or thrive because of you? We all know that referrals result in the best kind of business because the selling has already been done for you. Your fans have raved about your great service, your terrific staff, and how you went out of your way to look after them. And most of the time price isn’t an issue because they feel valued.
The opposite is also true. And it’s a disaster. It may not be immediately obvious but, like an iceberg, the danger lurks beneath. Ten percent of it is above the water and clearly visible under normal conditions, but the dangerous part is the 90% below the surface. This is the invisible result; the complaints about your business that happen internally at management meetings, over a beer on a Friday night, or after the second point at a weekend barbeque with influential friends. The innocuous iceberg floating on the surface takes on quite a different shape beneath the surface and is far more dangerous than is immediately evident. Of course if the weather is bad, your vision is obscured or you are distracted, the potential for tragedy increases dramatically.
Perhaps the current challenging trading conditions are your bad weather. Your vision may be obscured because you are distracted by cutting costs.
How will you know if you are in danger?
Let me leave you with this example of good business: A friend has had a business relationship spanning 20 years with a supplier based in Scotland.The supplier recently celebrated its 200th birthday and went out of its way to let its key customers know how much it valued the relationship by sending a personal invitation from one of the senior executives, which simply said: “you get yourself here and leave the rest to us”. It sounds expensive, and it probably was if you think about it as a single transaction. However when you consider it from the perspective of the fruits of 20 years of business so far, it was probably a very reasonable investment, and a wonderful way of celebrating and reinforcing an enduring relationship.