Own Your Business Tip: Account Retention from Ken Lundin


Are you falling for the Five Myths that affect Business Retention for you team?
According to Jim Sullivan the five myths are as follows:
1“The Customer Comes First” - This one is most likely the granddaddy of them all.  Now days we need good employees more than they need us.  Service like charity begins at home; you need to be investing in serving your team equally well as your customers.  Simple rule of thumb is never treat a customer better than you do your team.

2“The Customer is always right.” No. That would mean you team in every situation is “always wrong”.  The customer, is the customer, but not always right.  Instead of placing blame we should be advocates for both internal and external customers.

3“A Satisfied Customer comes back.” A satisfied customer doesn’t necessarily ever come back.  Customer satisfaction is meaningless what we want is customer loyalty, that is priceless.  Consistency, Quality, and Hospitality are the real keys.  Give you customer what they remember and something new each visit.

4“We’ve got to focus on the competition.” -  That is right, but the competition is the customer not the other businesses.  So stop focusing on the other businesses and zero in on the faces at your table or counter.

5“People are our most important asset.” This is wrong! The right people are your most important asset.  These are not warm bodies.  The right people are those who exhibit team and customer service that is extension of their character and attitude.  Hire nice people, training people to be nice is tough.  Hire personality and train skills.
If Business retention is your goal you need to build experiences for you and your team around the customer not just your product.