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Shopping

How would you like to pay?

So, I have a gentleman… who comes around to the house from the local farm. He sells… eggs, potatoes, etc… you know, all the goodies that you’re likely to purchase from a farm.

Now, he’s a little elderly, and has been coming over for a few years. We always end up buying something as it’s fresh, it’s local and he’s such a friendly guy. He often gives us recipes or just some hints and tips on what we can cook… and asks us what did we cook, did we enjoy it, etc… basically it’s a human form instead of receiving one of those online survey emails.

He came last Thursday, and whilst I purchased some goods from him… I said, hold fire… I’m not sure I’ve got enough cash (he always takes cash). To me surprise… he says, “Bal, it’s ok… I got me one of those card readers” and then pulls out an iZettle card reader!

Whilst this wouldn’t surprise many – he just totally wowed me. Because,

  1. He’s an elderly fella. You’d think, would he be okay using such tech? Does he know how online payments work? Hope he’s calculated the % that the company will take? ….. But, when I asked him about all that, his reply…. “Bal, you got to move with the times. I just want to make it easy for customers to pay”
  2. Is he really going to make a lot of money? Is it worth the hassle? Will people still buy from him? Does he trust the tech? – “Bal, you have to trust the tech – I did some reading – and it all seemed ok. Tested it out… the money did come into my bank. And it’s not really any more hassle…. in fact, makes the process easier”

That last line got me. Makes the process easier.

We often forget…. the goal of any business or organisation is the customer. The more we can make it easier for them, the better it is.

Again…. it’s about the timeline, from the moment we start (making, developing, or in this case… picking the goods at the farm)… to the point we receive the cash.

Look at all those process steps and make the process as lean as possible.

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Bal's Friday Thought

Bal’s Friday Thought…

My final Friday Thought of the year…

It’s the only way we can learn. From mistakes. If you’re making them… you’re learning. And you’re working your way to success. Don’t stop.

Make plans for 2019… and I hope it’s full of success for you.

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Bal's Friday Thought

Bal’s Friday Thought…

Just start… so much time is spent talking… discussing… and in organisations, getting through red tape.

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Monday Motivation

Monday Motivation…

Willing to risk the unusual?

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Uncategorized

The Trillion Dollar Company Club

You must have heard, how recently Apple become a ‘trillion dollar’ company.

Yesterday, Amazon did the same. That’s right, they joined the ‘Trillion Dollar Company Club’. Not bad for a 24 year old company.

When they went public in 1997, their share price was $18. Tuesday, the share price hit $2,050. Valuing the company, just over $1 Trillion.

Wonder if Jeff would’ve ever thought, Amazon would be the second company to enter the ‘Trillion Dollar Company Club’ when he sat in his office, with a hand painted sign on the wall… selling books on-line.

It’s a brilliant success story.

Only 2 companies have achieved this phenomenal success. Only 2 companies in that club. But I’m certain, over the next few years, we’ll see more enter the club.

It comes down to a few reasons why Amazon and Apple have achieved such success – Innovation.

The ability to keep adapting.

The ability to keep growing.

The ability to keep thinking, trying and venturing into new areas.

To keep going… Business as Usual (BAU) – won’t get you into the Trillion Dollar Club. In fact, it probably won’t get you into any club.

But that’s the problem – you have to invest. You have to grow. You have to think differently.

So, Jeff… is one of the richest people in the world… but what’s the real secret? A few years ago, Jeff shared…

Customer first – we all know that.

Invent, Innovate… yep, got that.

Be Patient. Ah…. that’s something we don’t have these days. We don’t have the patience to let things grow, to understand and see how they turn out.

To keep trying… it’s easier to say – park it/bin it/stop it… if it isn’t working.

How much patience have you got to keep going? to keep learning, re-adjusting and figuring it out?

We could relate this to football. How managers of teams are sacked very quickly, if there’s a number of losses and the team performs very badly.

I remember when Alex Ferguson (the Manchester United boss) had a string of bad results and had one match to save his position. Funnily enough… he won that match and went on to be one of the most successful managers, in English Football, of all time.

I know this very well… because it was against Nottingham Forest.