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Top 5 issues niagara niagara business club - 2015
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Transcript of Top 5 issues niagara niagara business club - 2015
Top 5 issues affecting Niagara business
A report for Niagara’s business community
As prepared by
Neil Thornton
Interviewed 50 Niagara owners.
What are they doing to thrive?
Here are their top 5 strategies….
1. Finding and keeping the right people
2. Business development
3. Customer retention
4. Sustainability
5. Accountability
Report
What we heard…
The owners we spoke with said:
• I’m facing more competition than ever before.
• I’m being forced to compete more and more on price.
• My marketing and advertising are not providing consistent returns.
• It’s harder to stand out and get someone’s attention.
• I don’t know what’s working and what isn’t. There are too many choices –
which one’s are the right one’s.
• My phone has stopped ringing and my order takers need to learn how to
sell.
So the question becomes, what made them stand out?
Action Step:
Determine how you show up in
your customer’s mind?
How are you perceived vs. your
competitors?
Action Step:
Starting today, make a
conscious decision to re-
connect with as many of
your customers as you
can.
How can you become invaluable
to your customers?
So what do you do now?
It’s all about getting into action.
A high number of the owners we spoke with
regretted waiting to make critical decisions
about growth and people.
They felt that this caused significant harm to
the speed of their recovery from the
recession.
So what do you do now?
1. Begin to involve everyone in your organization in
dialogue around commitment, action and accountability.
2. Stop talking about products and services and start selling
value.
3. Re-connect with your existing customers today
4. Identify the leaders within your organization and give
them clear roles
5. Create a culture of accountability and follow-up
Reports for free….
triggerstrategies.ca
Top 5 Issues Facing Ontario Businesses
Develop an Effective Training Program that Produces Results
Finding & Keeping the Best People by Design – an 8 Step Process
The New Reality of Sales
Marketing for Small-Medium Size Businesses
How Small-Medium Size Companies are Using Social Media