Is Google a world wide tax on marketing?

by: Peter

February 26th, 2010

There is lots of talk at the moment about the evils of the Google monopoly and in truth it’s tempting to jump on the bandwagon and cry wolf.

I was particularly peeved when they went public and only shared their company with settlers in the colonies when quite a few of us Europeans would have liked a slice of that cake. The China relationship wasn’t entirely noble either looked at from the position of those of us not benefitting from the balance sheet so why not get in there and give em what for.

The problem is that what they have created is incredibly useful and I don’t know what you could easily replace it with and certainly nothing government created would do a better job either in the USA the EU or even in our own UK. I think the real issue is that it is a worldwide monopoly and it feels like a USA tax on world business and that doesn’t seem right.

I think it would be more true to the Google motto of “You can make money without doing evil” if it started to pay tax on its profits in the countries in which it made them and then perhaps more good would come of the monopoly it holds and there would be less criticism of its position.

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Is persuasion about evidence or belief

by: Peter

February 26th, 2010

is persuasion about evidence or beliefDid you know that it uses less electricity to turn a light on and off than it does to keep it on?

For years I believed that turning a light on and off regularly used more power and that it was therefore more efficient to leave it turned on if it was only going to be turned off for a few minutes. I now regularly annoy people by turning lights off to save the planet, well to be honest it actually saves me money so I now win both ways.

I mention this fact because there is a lot of attention at the moment being given over to some people’s belief in Homeopathy and how it works for them and why we should continue to spend NHS resources providing it. In fact its actually peanuts in NHS terms, about £4m I believe (that word again) so I don’t think it’s much of an issue right now, but my point is that  if everybody believed in Homeopathy then, just like my lights issue, if it wasn’t actually true then it would be a big issue.

I think it’s very important that whenever possible we should share the facts and the evidence to support what we believe, that way it’s not quite so annoying when it’s always dark when you walk into the kitchen.

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What are the really important business issues?

by: Peter

February 26th, 2010

what are the really important business issuesDon’t you find its very reassuring that even in these extraordinary times of financial and economic turmoil, while our businesses are struggling to survive and our young people are desperate to find jobs that we can still find time to worry about the bigger picture?

So far we have dedicated a whole weekend worrying about the stressful working environment of a few people in 10 Downing Street. No doubt this subject will consume several more days of high level disruption until we flock to some other distraction that can help us avoid reality.

I listened last night to the inane headline that we are going to stop early release of prisoners supposedly because a small number of them had committed new crimes in the 18 days they would otherwise have spent in prison. Surely we can understand that this would have happened 18 days later in almost every case, nothing has changed. It’s all just another distraction we can use to avoid dealing with the big issues. If we must be distracted from reality please let’s do it with some positive stuff we can feel good about.

Even better lets propose some of our own solutions if there is anybody listening. For instance since most countries for obvious reasons don’t want to send their own soldiers to “our” war zones why can’t they just lend us some helicopters. Is it that difficult to find ideas?

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How do you ensure your employees are as devoted to your business as you are – work with your family!

by: Rebecca

February 26th, 2010

How do you ensure your employees are as dedicated to your business - employ your family!Statistics suggest that more than 60% of British businesses involve working with one or more family members. Duport is no exception. Peter is Duport’s director, shareholder and final decision maker, simply put, he watches the money. I am Rebecca, responsible for running the office and development but most importantly the dutiful daughter. Thomas (IT development) is Peter’s son and he ensures we receive lots of website visitors and ensures that they turn into business. Together we concoct more sales and marketing initiatives than the population of China and some even succeed.  Look out for blog posts from all of us.

 In addition, Peter’s wife, Lizzie and brother, Chris, are shareholder/directors who are frequently used as sanity checkers. On and off we have also employed nieces, nephews, step siblings, ex wives, anybody who is stupid enough to mention they have a few hours spare time. This is much to the annoyance of my young brother and sister (15 and 12 respectively) who find themselves sorting our stationery in their school holidays.

For us it really works. Not just because we passionately care about Duport and its superb team of dedicated employees but because it is so very important to us that this company succeeds. For us, in the family, there’s no such thing as set working hours, overtime, holidays and maternity leave, there are no HR and Health & Safety regulations. I must add this is our choice. We are not driven by bonus, targets or salary just those simple words “well done”. We are the dream employees, in principle anyway!

However, there is a price to pay when working with family and caring so much comes at significant cost. The roller coaster of emotions is amplified and as hard as you try to rationalise things, everything is personal. Most importantly you must be certain that your personalities and relationships and skills are strong enough to survive the endless challenges.

Here’s my top tips for working with family:

  1. Effective communication is essential; listen to each other and no interrupting. We are getting better at this and have found more success in meetings when we remember this.
  2. Respect each other as you would any business associate.  Over familiarity is great for cutting to the chase but can be equally unproductive.  
  3. Get input from every member of the team and celebrate your successes together. It’s essential that every employee of the company is just as valued as the family members.
  4. Understand the mix of personalities and make this work to your advantage. Tom and I can be a bit gung ho, whereas Peter likes details and analysis. In isolation these approaches have problems (we have proven this!) but together we seem to strike the right balance.
  5. Share your worries and ask for help.
  6. Leave office chat for the working day. It is inevitable that you will talk outside of work but this will alienate partners who are not involved.
  7. Do other things together not just business stuff because family is more important. Ironically we have had some of our best big ideas during social occasions. 

How do you ensure that your family business relationships stay intact?

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Is telemarketing effective communication?

by: Peter

February 26th, 2010

is telemarketing effective communicationWhy is it that the only people who ever seem to make a cold sales call are the ones with nothing much to sell.

In general I try to listen because it would be tragic to turn away a great opportunity to make a good saving or identify a new product but that’s so very rarely what I hear. The rule seems to be the poorer the offer the harder they try to sell it. I think the ones I hate most are the calls where they don’t even know the name of the company let alone the person they are calling. Is this a government sponsored work experience scheme or are people shelling out their own money to destroy the telephone marketing business altogether?

 I tell myself that this must work or why does it persist? At least I understand why email marketing bedevils my inbox it’s because it’s so cheap to do, virtually free in fact. The solution to this I once believed was to give email a cost and that would stop it but given the comparative cost of telephone sales and the fact that it continues so wastefully I don’t know even if that would work. My guess is it probably costs about 50 pence per contact minimum for cold calling. On that basis if sending an email was even 2% as successful as cold calling it would make emails equal value for money at 1 pence each and even that is probably 10 times the actual cost of email today. So what’s the answer?

 I suppose it’s like the pleasure of taxation just get used to it because it’s not going away.

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Important business lessons my dog has taught me

by: Rebecca

February 26th, 2010

Important business lessons my dog taught meI was walking my little Caviller King Charles, Flash, at lunch time thinking about the lessons he could teach us about business:

  1. Doing the same thing will get the same result. Sitting and barking at the bottom of the tree will not encourage the squirrel to come down. What are you doing to adapt your approach?
  2. Go with your instincts. the most successful business owners take a risk. You might just catch that squirrel.
  3. Loyalty.  I feed him, I walk him and in return he greets me with more enthusiasm than a wasp around a coke can. I get so much more back than I give.
  4. Be yourself. Luckily we don’t have to kiss a*s* to get to know one another!
  5. Don’t take no for an answer. I couldn’t take the constant whining and scratching at the door so he now sleeps in my room.
  6. Don’t bite the hand that feeds you.  No example it’s never happened and we are happy together. Treat customers and staff with the same respect.
  7. Confidence. Flash is a very small, cute, fluffy dog but I have been dumbfounded to witness him ward off boxers, Dobermans and even an Irish wolfhound. I greatly admire his self belief and lack of self awareness.
  8. Demonstrate active listening. I can’t deny how endearing he is when his big brown eyes are fixed on me and his head is slightly tilted. Take notes, ask questions show you are listening.
  9. If you can get away with it do it. The sofa cushions are suspiciously warm when I get in from work.
  10. Make it clear when you know it’s time to go! Whimper, scratch at the door, you need to leave right now!
  11. Living for the moment. He spots a big steaming cow pat and rolls in it, knowing he will have to endure the hose later. What are you doing right now to catch every opportunity?
  12. Start each day with the same enthusiasm. He’s just been stuck in the car for five hours and an hour later he hops happily back in as this time you might be going to the park.
  13. Go out in the rain. You sometimes have to do uncomfortable things to get the results you want.
  14. Learn from your mistakes. He doesn’t chase bees in the garden anymore.
  15. Positive reinforcement. He won’t come back when you call if there’s nothing in it for him. Praise your colleagues for a job well done if you want a repeat performance.
  16. Bury some treasure for a rainy day. Contingency; need I say more.
  17. Timing. Flash has discovered if he barks at night I will play ball to stop him waking the baby. Time it right and you are more likely to be successful.
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Why become a business owner?

by: Peter

February 26th, 2010

Why become a business ownerIt feels odd to me that in a country that prides itself about entrepreneurial spirit, often in that communal self congratulatory way that we are inclined to do at events with a free bar, we provide little or no recognition to the small business people who achieve it.

Sure there are Knighthoods and Peerages for the leaders of big business and there is glamour and public homage to sports and media celebrates. But what about the thousands of small business men and women who provide dozens of families with employment, comradeship, sickness benefits and more importantly perhaps a stake in the world of work.

 Small business people who pay their taxes, collect HMRC’s taxes and VAT, pay Corporation Tax and haggle with the Knights and Peers representatives for expensive bank loans and a common sense approaches to red tape and institutional bureaucracy. Where is the public recognition for what these people put into society other than the general stereotype of the greedy boss living off the backs of noble workers?

What do I want? I’m not sure but it does feel like something is missing and it’s not a seat in the House of Commons nor is it a place in a reality TV or game show. I just feel a bit short changed and I bet I’m not alone.

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Finding a gap in the market

by: Thomas

February 24th, 2010

finding a gap in the marketThere are lots of self titled business guru’s that want to tell you the path to success is to offer a new (or radically different) product or service.

“Create a new market, and be the first”

Well, that’s exciting listening for all those people that happen to have a new (or radically different) product or service, but what about all those potential, new or existing business owners that don’t? What if you are a really good bricklayer that’s had enough of working for somebody else? Does that mean you shouldn’t go it alone?

Of course not!  Whether you are setting up an accountancy, sandwich shop or builders, there is almost always a gap in the market for another good one. You probably won’t become the largest company in your sector without doing something substantially different or new, but hey, there is enough money in most sectors for a small slice of the pie to be filling enough.

If you go into your venture with a commitment to deliver a great service at a fair price, then you are likely to be a good business.  How many people are delighted to find a good accountant that saves them more money than they cost, or a sandwich shop that always makes tasty sandwiches and serves them with a smile, or a builder they can trust, who does a good job and doesn’t leave a mess?

Everybody is. And when people find such a business; they stick with them and recommend them.

If you don’t have a substantially different product or service, then you can certainly differentiate yourself with reputation. Saturated, established markets can be difficult to break into, but if you deliver a great service then eventually you will, and with customer satisfaction, once you are established you are there to stay.

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Don’t take no for an answer, find another way

by: Thomas

February 24th, 2010

don't take no for an answerHave you ever heard successful business owners / entrepreneurs described as dogged? If you run or are starting your own business, it’s an attribute that you’d better learn fast.

Here’s a tip to help you along the way: Dogged doesn’t have to mean chipping away at a problem until it crumbles, it means using your imagination to find an alternative way to get the result you want.

Here’s another tip: No doesn’t always mean no, it quite often means “not like this.”

Example: Cold-calling. I don’t care what you are selling, how cheap it is, how much I could save, how easy it is to switch or how soon you can meet. If you cold-call me, I probably won’t do business with you. Maybe a change of marketing channel is necessary.

It’s a common behaviour for business owners to start altering their prices and business model until more people start saying yes. But as shown in the example above, it’s not necessarily that your model is wrong, it might be the way you are trying to do business.

I used the example of cold calling randomly of course and it can be incredibly successful for some people. I could equally say the same about business networking events, where people are so eager to prove their credibility they can end up scaring potential customers away.

Example: You get approached by someone at a small business networking event who want to tell you about their new business coaching company. They tell you about the big company they used to work for, and the leading companies they worked with, and their great success that took them first class to all corners of the globe.

Sounds expensive, I’ll pass. In this instance maybe a change of script rather than marketing channel is necessary. Perhaps one that focuses on how I can benefit rather than how successful you are/were. Maybe you need to play a waiting game and get to know me over a period of months (building trust). Maybe proving your knowledge with an insightful presentation at an event will allow me to draw my own conclusions about your credibility.

This isn’t a post about how not to do business, so don’t pay too much attention to the slightly extreme examples of poor selling above. Pay attention to the idea that when somebody says no (in one of it’s many forms!), they don’t necessarily mean no to your service or product. They often just mean, no I don’t want to do business based on this encounter.

Have you ever heard successful business owners / entrepreneurs described as dogged? If you run or are starting your own business, it’s an attribute that you’d better learn fast.

Here’s a tip to help you along the way: Dogged doesn’t have to mean chipping away at a problem until it crumbles, it means using your imagination to find an alternative way to get the result you want.

Here’s another tip: No doesn’t always mean no, it often means “not like this.”

Example: Cold-calling. I don’t care what you are selling, how cheap it is, how much I could save, how easy it is to switch or how soon you can meet. If you cold-call me, I probably won’t do business with you. Maybe a change of marketing channel is necessary.

It’s a common behaviour for business owners to start ripping up their prices and business model until more people start saying yes. But as shown in the example above, it’s not necessarily that your model is wrong, it might be the way you are trying to do business.

I used the example of cold calling randomly of course and it can be incredibly successful for some people. I could equally say the same about business networking events, where people are so eager to prove their credibility they can end up scaring potential customers away.

Example: You get approached by someone at a small business networking event who want to tell you about their new business coaching company. They tell you about the big company they used to work for, and the leading companies they worked with, and their great success that took them first class to all corners of the globe.

Sounds expensive, I’ll pass. In this instance maybe a change of script rather than marketing channel is necessary. Perhaps one that focuses on how I can benefit rather than how successful you are were. Maybe you need to play a waiting game and get to know me over a period of months (building trust). Maybe it means proving your knowledge with a few insightful presentations which allow me to draw my own conclusions about your credibility.

This isn’t a post about how not to do business, so don’t pay too much attention to the slightly extreme examples of poor selling above. Pay attention to the idea that when somebody says no (or they don’t say yes), they don’t necessarily mean no to your service or product. They may just mean, no I don’t want to do business based on this encounter.

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Why start a business?

by: Thomas

February 24th, 2010

is success the most important thingWhat’s the point in climbing Everest?

Is it about the moment you reach the summit?
Or is it about the moment you decide to do it, the planning, the fund raising, the packing to go, the arriving, the base camp, the first step up the slope, the first night in the tent, the half way point, the last few hours or the final step?

Of course it’s all of those things, but mostly I’d say it’s about all the stuff that precedes the moment when you are stood at the top.

There is a parallel consideration for business owners, and it’s this:

What is your business all about. Is it about the moment that you reach the summit, whether that summit be selling up, retiring or generating a sum of money for your charitable cause?

Or is it about all the other stuff before you get there. The risks, the milestones, the disasters and the breakthroughs.

The journey of growing a successful business is long and comes with no guarantees. If it’s all about that final moment of success, you might find yourself disappointed when you get there. Maybe you’ll discover it was more about the journey than you thought.

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