Remove Competition Remove Metrics Remove Sales Remove Satisfaction
article thumbnail

6 Work Activities Are Required For Business Success

Startup Professionals Musings

Trying to do everything is a sure way to maximize stress, lower job satisfaction, and minimize productivity. In my experience, competition is the biggest challenge here. This work requires market feedback, managing trials, and working with the sales team as well as developers. Galvanizing: rally a team and customers for action.

Activity 108
article thumbnail

8 Signs Of A New Business Initiative And Not A Hobby

Startup Professionals Musings

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Ways To Ensure Customer Interactions Are Memorable

Startup Professionals Musings

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Incentives should be a combination of metrics and recognition to highlight results. Incent and reward employees who delight customers.

Customer 147
article thumbnail

8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

Your focus for momentum could be sales, profitability, or number of customers, but trying to keep all possible parameters growing is simply not practical. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals.

article thumbnail

8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team.

article thumbnail

7 Keys To Sustainably Enriching Your Customers’ Lives

Startup Professionals Musings

Your goal must be to make every aspect of a customer interaction a joy to both you and them, starting from the shopping experience, to the sales close, to delivery and service. Use metrics to assess needs and growth economics. Above all, don’t forget that delighted customers are the key to your business in the long term.

Customer 114
article thumbnail

7 Ways To Nurture A Winning Mindset In Business Today

Startup Professionals Musings

Measure progress through metrics on sales, revenue, and penetration. Seek customer feedback on ways to improve value and satisfaction. These start with your brand image, search visibility and process, and extend to the actual sales transaction. Seek to dominate your market over competitors.