Monthly Archives: May 2010

Weekly Sales Thought – I’d At Least Be Curious

In which we discuss (at some length) the importance of resonating with your prospects pain points when you’re approaching to begin conversation.

This is a story about a prospecting approach – a printing company approaching Clarity.

Imagine you’re me. (And, I’m not responsible for any psychological trauma that comes as a result of your imagining.) You run a consulting and training business, working with clients in the US, Canada, and the Caribbean. Frequently, you deliver documents to your clients in multiple locations. For the “we can plan ahead” printing work, you use a printer with whom you’ve worked for a number of years.

For the “it’s midnight and we need it by breakfast time” work, your firm uses a printer whose locations frequently are close to the sites in which your materials are used. While they’re fast and located close to your client sites, they’re significantly more expensive than your regular guy, they foul up orders from time to time, and their web interface is a bit clunky, you think.

So, one morning, there appears the following email in your in-box:

Herbert Printing, Inc.

April 28, 2010

Dear Nick,

I’m writing with the hope of earning your business.

I am the Sales Manager at Herbert Printing and Graphics (check out our web site) and would very much like to speak with you to discuss how our company can save you time and money. We are in our 100th year, and are proud to say that our company continues to grow. We think that’s because we work extremely hard to form personal relationships with all our customers, and because we make it easy for you to order printing when and how you need it.

Weekly Sales Thought – Whack A Mole Sales

In which we consider the possibility that we may need to sell a transaction to start consultative relationships.
 
Within the last few weeks, several of our clients have said, almost literally, “I’m too busy to manage.”  As in, “I’m too busy to manage my business,” or “I’m too busy to coach my sales people,” or “I’m too busy to do my job.”  These are normally rational people with many years of management experience.

StatsCan’s Latest Bulletin on the Accounting Industry

Statistics Canada has released the 2008 edition of Service Bulletin: Accounting Services, which contains industry highlights along with financial data including revenues, expenses, and operating profit margins. The publication also includes product information, data by type of client and by geographic region.

Download a free copy:  http://bit.ly/amv7XV

If you like pretty, coloured graphs, see our own, based on the same data.

The highlights of the StatsCan report are as follows:

• In 2008, the operating revenue of the Canadian accounting services industry totalled $12.5 billion, up 10.3% from 2007. This growth rate was in line with the double digit growths of 2005 (13.6%) and 2006 (11.6%), but higher than 2.5% growth in 2007.

The $0 Marketing Plan

by Kristen Luke

Many solo practitioners find themselves in a difficult quandary – they need to market their businesses, but they don’t have budget to do so. Instead of finding ways to market on a dime, they will throw up their hands and just hope that business will magically appear. What they don’t know is that an effective marketing plan doesn’t necessarily require deep pockets. Some of the most successful marketers spend very little money on marketing but instead spend significant time on building relationships and educating their audience. For those advisors who don’t have money to spend on marketing, here are five suggestions on what you can do to market your business.

Humorous CGA Quebec commercial

How to make viewers pay attention to accounting:

Employer’s Computer-Use Policy Supports Termination for Cause

by Tina Giesbrecht, Barry B. Sookman, and Erika Ringseis of McCarthy Tétrault LLP

A well-drafted computer-use policy can provide evidence to uphold a termination for cause and can protect an employer from harassment claims, as recent case law illustrates.

The scene is well-known in the workplace: an employee receives an e-mail joke or photo from a colleague down the hall, has a giggle, and forwards the message to other colleagues, friends at other organizations, and relatives who might appreciate the joke. In minutes, a complete cyber network is created, and it has passed along a message.

Sometimes the message is innocuous, e.g., it involves cute images or funny expressions. Other times, it involves racist, sexist or pornographic jokes or images.

Lessons for accountants from dentists

By Mark Lee, as originally posted on his blog, www.bookmarklee.co.uk

[Thanks to Grant Rowson, CISA, CGA, of BDO Canada Technology Solutions, Inc., for bringing this article to my attention.]

A number of people have mentioned in conversation recently how much it costs to go to the dentist.  In each case their dentists are getting close to retirement and their longstanding patients are stating to look for someone new. The patients are shocked at how much more they have to pay their new dentist.

Weekly Sales Thought – Moving Target

In which we are reminded to clear time-wasters from our client lists and project lists in order to create capacity to grow.
 
Consistent readers of this column will recall that Clarity has moved headquarters to a new location, closer to civilization and dangerous moving objects like trains that did not appear in the previous location. While the physical move happened several weeks ago, the “moving process” is still active.
 
Why? I have a love-hate relationship with moving. The part I hate most about moving

Weekly Sales Thought: Distracted

In which we’re reminded of the value of periodically reviewing our clients and accounts.     

[...]

In the old days, West Concord Village was called “the Junction” because four rail lines intersected here. The one remaining line now carries commuter rail traffic from Fitchburg inbound to Boston and from Boston outbound to Fitchburg, stopping at the West Concord station, 100 yards down the tracks that run close behind Clarity’s offices.   
 
Eager for an afternoon stroll and a bite of something tasty from a store on the other side of the tracks, I ambled down the path from our offices toward the rail crossing at the train station, tracks to my immediate left, cell phone to my left ear, talking to a colleague, watching the commuter train from Boston coming toward me into the West Concord station.
 
As commuters poured from the rumbling and now motionless outbound train, I reached the rail crossing. Road and sidewalk barriers were down, stopping automobile and pedestrian traffic, but the train had stopped short of them to my right.  The coast was clear! My goodies awaited me, a mere 30 yards across the tracks.
 
Still engaged in my cell phone conversation, I turned left around the pedestrian barrier to cross the tracks and …. BOOP – BOOP – BOOP … a train horn from my left!! Startled, I snapped my head to my left,  and spotted the inbound train from Fitchburg three heart-beats away, rolling directly at me. My left foot was 3 feet from the tracks.

For your clients: Code of Conduct for Credit and Debit Card Industry in Canada

By Dawn Jetten, John W. Teolis, and Jacqueline D. Shinfield of Blake, Cassels & Graydon LLP

On April 16, 2010, the federal government released the new “voluntary” Code of Conduct for the Credit and Debit Card Industry in Canada (the Code). The Code was created to address the concerns of merchants regarding some of the business practices of credit and debit card networks, issuers and acquirers. Although the Code resulted from extensive consultations with both merchant and consumer associations, it is evident from reviewing the Code that merchants are the primary beneficiaries.

The stated purpose of the new Code is to:

  • ensure that merchants are fully aware of the costs associated with accepting credit and debit card payments, thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments;
  • provide merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option; and
  • allow merchants to freely choose which payment options they will accept.