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Strategies for Growth

November 12, 2004

In this issue:

IDEA: A Lesson in Gratitude
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IDEA: A Lesson in Gratitude

Believe it or not, Thanksgiving is right around the corner, with Christmas and New Year's Day right on its heels. Another year is quickly coming to a close, and you know what that means: for those of us who work in the business-to-business space, things are about to get uncomfortably s-l-o-w.

The approaching holiday, combined with the realization that all my clients are about to mentally punch-out for the year, gave me an IDEA about gratitude.

As we hurtle through life, how often do we really stop and take stock of what we already have? Not often enough. This is as true in business as it is in our personal lives. Ask yourself, in the hustle and bustle of the sales process, are you taking time to nurture the relationships you have with your old-schoolers - the clients who have stuck with you over the years and keep coming back?

And here's the rub: if you're not showing your gratitude, do you think that makes it more or less likely that your existing clients will be lured away by a competitor? [pause for reflection]

Now that business is winding down for the year, there's no better time to show your current clients that you appreciate their loyalty. Here are some ideas:

1.

Thank them (really). I have 47 greeting card catalogs on my credenza. Before the season's over, I'll have 4700 greeting cards from well-meaning vendors, colleagues and even clients. Boring! How can you stand out from the crowd at holiday time? Consider taking several of your best clients out for lunch, or even coffee. The simple act of catching up is an easy way to show your appreciation.

2.

Involve them. Everyone has an opinion, and most people love to share. As you spend time planning for 2005, consider how you might involve your most trusted clients in the process. After all, they have the inside track on your strengths and weaknesses. Opening up to your clients about your plans engages them in your business and, more likely than not, their insights will help you formulate better ideas for 2005 and beyond.

3. Anticipate. The last thing anyone wants to do is leave business on the table. But sometimes, in our rush to find new clients, we forget that our current clients may have additional needs that are just waiting to be uncovered. It helps to be proactive in this area. Listen, ask questions, and think hard about what your existing clients may need. There are probably many more opportunities than you think.

Here's to a productive (and profitable) end of the year!

  My best,

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