Tag Archives: business

My Reunion – Part 2

Today is TunesDay and for our song today I’m using the tune I had as my quote under my senior picture from high school.  I’m going to use it as the jumping off point from which to finish yesterday’s thoughts about attending my 40th high school reunion.  The song – a very brief one – is Simon and Garfunkel‘s Bookends:

Time it was, and what a time it was, it was
A time of innocence, a time of confidences
Long ago, it must be, I have a photograph
Preserve your memories, they’re all that’s left you

Way back in 1973 this was music (from 1968!) that was a quiet reflection on old age and loss that was very much NOT on the minds of my generation at that time.  It sure was the other night as we read off and remembered the names of our classmates who had passed since we graduated.  It will probably take a lot longer to do so at the next reunion…

The song tells us to preserve our memories and as we discussed yesterday, technology has made that incredibly easy, as it has to do so in a collaborative way.  The hundreds of photos snapped Saturday are already all over Facebook and I’ve exchanged messages with some folks with whom I really didn’t get to spend enough time.  But there are some business points I thought about as well.

First, customers’ memories are being preserved.  More importantly, they’re out there for everyone to see so you want them to be really good memories.  Just as I was able to improve the quality of my exchanges with people I hadn’t seen but knew about from the web, customers coming to you will probably have expectations that are created in large part by the memories of others.

Second, the conversations at this reunion were different.  Most of us were parents at the last one; now some of us are grandparents.  While we used to talk about our new jobs and our aspirations, the conversations now turned to  other topics:  health and retirement being among the top ones.  Your relationship with your customers changes over time as well, so the manner in which you interact as well as the nature of the conversation needs to morph.

I had a few other thoughts but I want to leave you with this one.  Some of the people I saw over the weekend were close friends then.  Some were people I barely knew and rarely spoke with outside of a classroom.  A very few were even people I didn’t particularly like back then.  Now, my close friends are closer and the other crap is long forgotten.  The 100 people in the room Saturday night had way more in common than any of the millions of other folks we’ve encountered in our lives no matter what differences we may have had 40 years ago.  I think many of us appreciated that.  As we gathered for photos with our elementary school class, we hugged people we’d known literally for over 50 years.  A time of innocence indeed, and we’d all transitioned out of it together.  I didn’t know at the time I chose that quote how spot on it was to be.  I sure do now.

Oh – are you waiting for the business point?  OK – it’s this: business is transitory.  You can change careers and companies over night.  You can’t, however, change the people with whom you grew up.  Your shared history is what makes you what you are.  Preserve those memories – you have the tools and the collaborators.  You’ll regret it if you don’t.

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Filed under Growing up, Music, Reality checks

Cell Phones And Car Keys

I did a dumb thing a little while ago. I lost my car key. I had another one at home but having only one is a bad idea because apparently one can lose them (ahem). It’s one of those “smart” keys – as long as it’s in (or on, which is how I lost it) the car, the vehicle will start. Since I was due for a regular service anyway (which is where I’m writing this post) I asked the dealer to replace the lost key with another. Want to guess the price to do so?

$275.

I don’t know about you, but I didn’t pay $275 for my top of the line mobile phone. “But your phone is subsidized”, you say. “The cell companies do that to get you to pay for the service.” Exactly the business point and it applies to your business as well.

I don’t know what the key costs to manufacture – it’s a chip, a battery, and a case, basically.  Let’s be generous and say $50.  The woman at the service desk said “it takes an hour to program” as if there’s a coder in the back frantically assembling the software.  My guess is they plop the fob into a holder attached to a computer and it’s done pretty quickly.   But I understand the cost/value equation.  Why do they charge that much?  Because they can.  It’s not as if you can go on Craigslist and find a cheap key.  The issue isn’t can they, but should they?

I bought the car for $31,000 a few years ago.  I’ve spent a fair amount in regular service with them (the car has been worry-free otherwise!) although I could have gone anywhere to get an oil change and new filters.  And now, when I do have an issue, they’re choosing to maximize their profits instead of saying “let’s forego the easy $100 because this guy is a loyal customer and he’s going to have to replace that car in a year or two.”  Their short-term thinking is influencing my long-term thinking.

I know we’re all in business to make a profit.  My job is to help companies to do so.  One model – the cell model – is to tie you to the company by making it easy to become a customer and to make sure you’ll buy highly profitable services through subsidies.  I’m not sure that’s right for a car company – I don’t see them subsidizing your purchase so you’ll buy services.  However, doing the little things that build loyalty do that as well, and there is nothing that feels better when you do something totally stupid than a brand that lifts you up, dusts you off, and helps you fix it in a way that makes you feel good.  I realize the dealer didn’t lose the key.  The question is are they going to lose the customer?

Does that make sense?

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Filed under Consulting, Huh?, Thinking Aloud

Any Road

TunesDay, and today it’s one from my favorite Beatle, George Harrison. I was reminded of this song the other day (listening to Further’s version of it) and I knew instantly it was something for today on the screed.  The song is “Any Road” which was written in the late 1980’s but not released until 2003 after George’s early passing in 2001. In case you’re not familiar with it, have a listen:

This one speaks to me both on a personal level as well as to me as someone who works with businesses.  Let’s see if it does to you as well.

But oooeeee it’s a game
Sometimes you’re cool, sometimes you’re lame
Ah yeah it’s somewhere
And if you don’t know where you’re going
Any road will take you there

That’s sort of it on a personal level.  We all have our ups and downs and probably need to focus more on the journey than on the destination.  I went through school knowing I’d be a high school English teacher.  40 years later, I’m a teacher of a very different sort.  I wasn’t quite sure where I was going (and I’m still a trifle confused) but I’m very happy about the road that took me here.

But oh Lord we pay the price
With the spin of the wheel with the roll of  the dice
Ah yeah, you pay your fare
And if you don’t know where you’re going
Any road will take you there

Thinking about that with respect to business, my immediate response was  “well, that won’t work – businesses need far more focus.”  Then I thought of all the great businesses and products that were born out of not knowing where they were going.  The microwave oven, the Post-It note, penicillin, Teflon, the Slinky and others were all accidents.  The inventors didn’t quite know where they were going but the road took them there.  Today we call it “pivoting” but I like George’s notion of it better.

Maybe that’s the point of the song.  Staying calm and focused despite a sense of not exactly knowing where the journey ends is a far better idea than a stubborn adherence to something that might not be working.  Open minds about destinations can erase doubts since the doubts surface when we’re thinking we’re lost.

What’s your take?

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Filed under Music, Thinking Aloud