Pricing Mistakes That Are Sabotaging Profits

Pricing Mistakes That Are Sabotaging Profits

If I asked five people in your company who owns pricing, would I get the same answer?

Probably not.

Pricing tends to evolve in different directions as a company grows:

Different salespeople start setting their own negotiation.
Perhaps an estimator builds the proposal to their own standard.
Account managers may make their own exceptions.

And operations has to deal with all the consequences.

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You Can’t Put Lipstick on a Pig

You Can’t Put Lipstick on a Pig

A while back, I showed up to a formal party wearing a tuxedo. I thought it was a “black tie” event. Boy was I embarrassed when I showed up and saw everyone wearing simple cocktail attire.

My friend and I stood out, like two penguins. We scrambled to his car to take off our bowties and tried to dress down.

That experience taught me something about degrees of overdressing. While wearing a tuxedo may be too much, at work it’s important to be slightly over dressed than looking ragged or overly casual.

Our industry needs more owners who think the same way. Whether it’s for a networking event, or for your company dress code.

Because you can’t put lipstick on a pig, and you also can’t show up looking like one.

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When a Tagline Becomes a Difference Maker, That Moves All Your People

When a Tagline Becomes a Difference Maker, That Moves All Your People

Most company taglines are written for customers. The best ones also guide your employees.

While a clever tagline may help people remember your company, a powerful mantra helps your employees run it.

For example, BMW has spent more than five decades promising “The Ultimate Driving Machine.” As a fervent BMW owner, I can attest that the cars deliver on that promise.

Nike built a similar global identity around “Just Do It.”

However, the strongest phrases do more than advertise a brand. They express what the company believes and how it intends to behave.

Here are four landscape examples from companies we have worked with over the years.

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An Inside Look: How We Run Our Annual Roadmap

An Inside Look: How We Run Our Annual Roadmap

Here is a behind the scenes look at Jeffrey Scott Consulting: How we do our own strategic planning.

As we enter Q3, it is time for all companies to think about planning the next 12–18 months, before year end sneaks up on you.

We just held our roadmap session a few weeks ago in New Orleans.

As you can imagine, a productive retreat requires more than a good agenda. It needs preparation, team chemistry and enough time for honest conversations.

Here is how we did it.

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New Summit Speaker Announced: Growing Through Every Season with Kurt LaButte

New Summit Speaker Announced: Growing Through Every Season with Kurt LaButte

What would your business look like if you suddenly had to operate with 55% less revenue?

What if that was not even the most difficult challenge you would face?

We have added Kurt LaButte, co-founder of Todd’s Services Inc. (Hamburg, MI), to the speaker lineup for our Summer Growth Summit.

His presentation, “Growing Through Every Season,” is a story of entrepreneurship, devastating setbacks, rebuilding, leadership development, scaling to new heights, and succession.

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How Daily Huddles Greatly Improve Efficiency and Avoid Big Mistakes

How Daily Huddles Greatly Improve Efficiency and Avoid Big Mistakes

Long before anyone called it a “daily huddle,” John D. Rockefeller had stumbled upon the value of the short daily meeting.

Rockefeller would walk to work with his brother and three key leaders every morning. During that walk, they discussed what was happening across the business, what decisions needed to be made, and where problems were beginning to surface.

He then walked home with the same group.

It was simple, consistent, and powerful.

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Unexpected Lessons From Our Epic Adventure in Tofino, Canada

Unexpected Lessons From Our Epic Adventure in Tofino, Canada

My wife and I recently spent two weeks traveling around Vancouver Island, including several days in Tofino, a remote community on the island’s rugged west coast.

Tofino is known for its expansive surfing beaches, old-growth forests and laid-back atmosphere—it was like no place I had ever visited.

We had a thrilling time. We helped deliver mail by seaplane to a nearby First Nations community on a neighboring island.

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