The Entrepreneur’s Advisor

Why You Must Exceed Your Customers Expectations

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Best Practices Means Exceeding Customer Service Expectations

Every business has customers and they have a choice with whom they do business with. Failure to recognize this fact even if you have a relative monopoly on the market will ultimately spell disaster for your company.

Best practices for customer service will vary across industry and are dependent the product or the service sold. Establishing great customer service programs all start with asking similar questions. Ten questions to begin with are:

  1. Why did the customer buy from you?
  2. Does that need still exist?
  3. How often does your company stay in contact with customers?
  4. What is the competition offering?
  5. How price sensitive are your customers?
  6. Do you establish personal relationships with your customers?
  7. How often are you spamming them with emails, newletters and other unwanted information?
  8. What is you loss client ratio?
  9. Do your customers tell you about problems or do they just not purchase again?
  10. How often do you do customer satisfaction surveys or problem resolution follow-up?

Great customer service requires a commitment from the top of an organization in order effect a cultural change. Most importantly, the culture of your business must be adjusted to recognize that all things being equal, businesses must exceed their customer’s expectations as just meeting customer expectations is not a strong enough hook to keep them. Read the full article now

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New Glossary for Entrepreneurs and Micro-enterprises

The Entrepreneur’s Advisor is pleased to announce a new glossary for entrepreneurs and micro-enterprises. The glossary contains terms most frequently used to describe the world of small business and micro-enterprises.

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The purpose of the glossary is help entrepreneurs and micro-enterprises understand the lingo that advisors, bankers and other professionals use. Some examples are listed below.

Client Retention Client retention is defined as practices that businesses engage in to retain their customer base after the sale has been made.

“Poor customer service is the number one reason customers do not return to make additional purchases. Implementing client retention programs will not only lower your loss client ratio but also increase your long term revenues.” Read the full article now

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New blogs coming soon

We are reworking the feel of the page and will soon be revamping the entire webpage and moving it to WordPress. New Articles will be coming soon. Actually I have a whole bunch of original articles. 

In the mean time please feel free to visit the short links as they provide good information for new entrepreneurs.

Todays selection is about rethinking what you do to market your company.  Can you guess why I am posting it?

Hubspot SEO Article

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