When we talk about increasing profit margins, the advice is often outdated and predictable- cut costs or raise prices. But for your company to be successful, Operational Excellence must be in your profitability arsenal! Horst Schulze, former president and COO of the...
When delivering exceptional customer experience is paramount to your Premium and Luxury brand, traditional job interview questions are very limiting. Tell me about yourself. What are your strengths and weaknesses? Why are you the best person for the job? Where do you...
For the past two months, I have been testing Customer Relationship Management (CRM) software for clients in the hospitality industry. After reviewing 150 pipeline models, one thing became crystal clear. The Problem. Your pipeline is missing the most important stage....
After over 2 decades as a Profit & Performance Advisor, I am still surprised by businesses that make it difficult for people to give them money. Here are 3 customer experiences I had in the last 7 days. Use each scenario to examine your business. Scenario #1 is a...
Many experts insist there are only 3 ways to bring more money into your business… #1- Raise your prices #2- Bring in more customers #3- Sell more per customer McDonald’s tried all three and based on their (2014) 4th Qtr. sales, none of the strategies kept...