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Debra@PowerYourPractice.com

 

 

The WhIP Journal                                                         

The WhIP Journal eNews [What Helps In Practice!]
Welcome to the November 2007 issue of The WhIP Journal!

Well here we are - the end of November, beginning of December. I sometimes feel like a harbinger of time passing by in these eNewsletters, but it's hard not to notice how fast the months come and go. I make concerted efforts to slow it down and live every day, but it's not easy.

A week long trip to beautiful Boston went by in a whirlwind - mixing business by day and sightseeing with family by night - practically a blur, but a lot of fun. I loved the history, the architecture, and the people I was working with!

Generally I love being exposed to new things, new ideas, new people and then taking the best of that and somehow making it work for me in my own way. And with that, hopefully I'll segue nicely into this month's article:

Regards,
Debra
Coffee beans

 

 

 

 

 

THE STARBUCKS EXPERIENCE - Your Professional Services Guide to the Best Customer Service Attitude

Have you read "The Starbucks Experience - 5 Principles for Turning Ordinary into Extraordinary" by Joseph A. Michelli? If not, get yourself to the nearest bookstore and buy it (yes, buy it, it's a keeper).

The little coffee company from the West Coast has increased their stock price over 5000 percent since 1992 - so if you had purchased $10,000 in the Starbucks IPO your investment would be worth approximately $650,000 today!!

They open 5 stores A DAY every day of the year!

They serve over 35 million customers per week!

They are consistently recognized by Fortune as one of America's "most admired" companies and best employers.

But what does this mean to you and your professional services firm? Nothing and everything.

Nothing - in that you're not a retail, service outlet selling grande non-fat mocha latte's.

Everything - in that they have a lot to teach ANY business who would like to truly understand the following principles for success:

How to -
· create a personalized customer experience
· stimulate business growth
· generate profits
· energize employees
· secure customer loyalty
· reach out to communities
· listen to individual team members and clients
· seize growth opportunities
· custom design an experience that benefits everyone involved

ALL AT THE SAME TIME. Very successfully.

They accomplish all of this by focusing on the following 5 Key Principles, which are thoroughly discussed in the book:

1-Make It Your Own
2-Everything Matters
3-Surprise and Delight
4-Embrace Resistance
5-Leave Your Mark

There is also an internal book that Starbucks gives to its partners (employees) called The Green Apron Book. It talks about 'ways of being' to be successful at Starbucks. These are the ways:

Be welcoming
Be genuine
Be knowledgeable
Be considerate
Be involved

If you consider these 'ways of being', isn't it possible, even likely that these 'ways' would be very useful in the professional services business world?

Let's look at each one in the context of your firm:

Be welcoming: reassess your front office policies and presentation and your own presentation when greeting clients in the office. Be welcoming - it's powerful.

Be genuine: In ANY business or human interaction I think that this is important and very effective for building relationships. Be genuine and trustworthy.

Be knowledgeable: This is something that clients will generally expect from their accounting professionals anyway, but make sure you truly are knowledgeable - keep current, pursue professional development on a regular basis, and develop a genuine love of lifelong learning. Also, broaden your knowledge base to include more subjects outside your profession. Be knowledgeable about life.

Be considerate: Treat people with respect. All people. It will not only show respect to your clients, but you'll also show respect to people who will become clients due to the way you deal with people. Be considerate to all people.

Be involved: Do more than just report on your clients financial activities from last year. Find out about your clients. What are their goals? What are their challenges? When do they need a succession plan in place? How is the family? Develop a relationship with them, beyond the simple transaction you complete. Be involved and care.

Read this book. Learn the 5 Principles and apply them to YOUR business. Starbucks has a lot more to offer us than just coffee.

Debra

Power Your Practice© 2007

Power Your Practice does not warrant or guarantee the accuracy of any statement or other information and materials provided in this newsletter. All articles and other information and materials in this newsletter are provided for general information purposes only.

THAT IS SUCH A GOOD THOUGHT:
Thoughts worth reading, thinking, repeating and embracing.

"Stay small, while growing big."
-Howard Schultz

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Best regards,


Debra Dowdell

Power Your Practice

Power Your Practice© 2007


phone: 905-951-9773/1-888-272-2735