A business newsletter with
Pizzazz!"We help leaders
tackle major issues and become better marketers
using a holistic business
approach!"
Dick Morgan CMC,
FIMC
It is during economic downturns and periods of uncertainty that you learn just how good your management team can perform. Stay alert and flexible. Work smarter by creating a sound operational business plan, and keep hustling to best satisfy your customer's needs.
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www.morganmarketingsolutions.comMaking things better in 2010
Marketing Facets - The Market Focused Guide to Company Analysis
Making things better in 2010
This year has been challenging for most business leaders. How is that for an understatement? Now is a good time to consider ways to enhance your results as our economy slowly recovers.
Yes, leading economic indicators have been moving in a positive direction for several months, and employment statistics (a lagging indicator) are also a little better. Recovery will be spotty for much of 2010, so challenges remain for many areas.
To survive the sudden recession, most businesses worked on cutting costs and fixed expenses in 2009. A challenge in 2010 will be to maintain that improved cost structure and add back only as required to service actual revenue growth and activity. You can also expect suppliers to increase prices. Stay alert and be ready to pass on product price increases promptly to avoid serious erosion of gross margin. The current historically low interest rates and bloated money supply will not last forever and inflation in 2010 is a distinct possibility.
The primary focus next year should be on the selling side and on revenue growth. That means projecting a positive attitude throughout the organization. That means getting close to the customer and staying close to the customer. That means development and implementation of a marketing concept and sales approach that plays to your strengths and capabilities...one to which customers and prospects will respond!
To be more effective, focus on viewing everything from the customer's perspective. Remember, "it is all about them, not you!" Envision how your products and services fit within each customer's total operation. Try to gain each customer's agreement to work closely with you to improve his/her total operation. You both win when you combine your specific knowledge of product applications and services you provide with the customer's detailed knowledge of the operations of his/her business or specific needs. Your focus on improving the customer's overall situation, and your willingness to collaborate, will put your team on a higher level than competitors who simply attempt to hawk their products at a price.
It is during economic downturns and periods of uncertainty that you learn just how good your management team can perform. Stay alert and flexible. Work smarter by creating a sound operational business plan, and keep hustling to best satisfy your customer's needs.
Marketing Facets - The Market-focused Guide to Company Analysis
Should a salesperson's birth date be an important fact for a company acquirer to know? Could extended product warranties create a competitive advantage? How does the company forecast sales? What are the backgrounds and capabilities of the firm's key managers? Answers to these and a vast array of other in-depth questions receive attention in Marketing Facets.
Marketing Facets is a practical resource for those involved in determining the current health of a company and gauging its future prospects. Marketing Facets is a 103-page guidebook, and a supplement to other evaluation procedures and information normally gathered during a thorough due diligence or business valuation process. The workbook takes a holistic approach, assembling facts and management assumptions in key areas to help the analyst form and support conclusions.
Marketing Facets is a valuable resource to private investment fund managers, individual investors, venture capital specialists, investment banks, and valuation specialists. Marketing Facets is also a guide for C-level executives who wish to perform their own company analysis as part of normal business planning, or in advance of efforts to refinance, acquire or divest.
Marketing Facets is available in electronic form via the Internet, on CD/ROM, or in print with a ring binder.2. The more government in the economy, the less
economy in the government!
3. The economy is as confusing as a cross-eyed ping pong
player. The stock market keeps going down and the supermarket keeps going
up.
4. We never knew what real
extravagance was until we had this so-called planned economy!
5. It is
difficult to predict the future of an economy in which it takes more brains to
figure out the tax on our income than it does to earn
it.
6. Our legislators would practice more economy if they weren't so out of practice.
7. If you really want economy, never let an economic question get into politics. Oops, too late!
8. Our economy has reached the point where a counterfeiter can't even make a profit.
$ Million Marketing Tips
Facts about wine...
A client speaks: "You have been of significant help in two of my businesses in the past and I will continue to call on you in the future." Joel Williams III, Investor, Dallas, TX
P.S. Ninety-five percent of our engagements originate as a referral from helpful people like you!I would appreciate the opportunity to discuss the situation with you.
Our ideal client
is a business owner or CEO between 30 and 60+ years old. Usually with a financial, engineering, or production background. Who is often impatient, and interested in improving company performance. Comes alive when you ask, "How's business? " He, or she, is practical but also enjoys the finer things in life. So, you may see my ideal client driving a Lexus, BMW, or SUV to Neiman Marcus...and to Sam's Club. Who do you know that fits this description?© 2009 Morgan Marketing Solutions, Inc. All rights reserved. Other distribution permitted with proper attribution.
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Richard P. Morgan CMC, FIMC
Morgan Marketing Solutions, Inc.
Two Galleria
Tower, Suite 1000 Box 8
13455 Noel Road, Dallas, TX
75240-6620
Telephone 972.931.7993 fax 972.931.0542
email
Author, Marketing Facets - The Market-focused
Guide to Company Analysis