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KeyBank awards CenterState CEO $115,000 for program support
SYRACUSE — The KeyBank (NYSE: KEY) Business Boost & Build program on May 1 awarded $115,000 to CenterState CEO. The funding will help CenterState CEO expand its popular UP Start Syracuse program, KeyBank said in a news release issued that day. KeyBank announced the funding award at the South Side Innovation Center to help mark […]
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SYRACUSE — The KeyBank (NYSE: KEY) Business Boost & Build program on May 1 awarded $115,000 to CenterState CEO.
The funding will help CenterState CEO expand its popular UP Start Syracuse program, KeyBank said in a news release issued that day. KeyBank announced the funding award at the South Side Innovation Center to help mark the start of National Small Business Month.
UP Start Syracuse helps grow businesses “within vulnerable communities, contributing to stronger neighborhoods and shared prosperity,” KeyBank said. The program connects existing businesses and “aspiring” entrepreneurs to the tools and networks that help them “thrive, bringing together the collective resources of existing business organizations and community partners while also bridging the work of CenterState CEO’s Economic Inclusion and Innovation and Entrepreneurship portfolios.”
“We are very excited about this partnership with JumpStart,” Dominic Robinson, VP of economic inclusion at CenterState CEO, said. “The investment from the KeyBank Business Boost & Build program will help us expand our collective work to help expand prosperity in our community through the growth of women and minority owned businesses.”
The KeyBank Business Boost & Build program is supported by JumpStart, a Cleveland, Ohio–based nonprofit. It describes its mission as one that works to “unlock the full potential of diverse and ambitious entrepreneurs to economically transform entire communities,” according to its website.
It provides assistance to startups and small businesses, helps companies secure capital, and matches people with companies, the JumpStart website says.
New York’s Upstate Minority Economic Alliance (UMEA) is also a “key player” in this collaborative project with the UP Start Syracuse program, KeyBank said. On its website, CenterState CEO lists UMEA among its “organizational partners.”
As “the only chamber of commerce in the Central New York Region for minority business owners and professionals of color,” UMEA will offer discounted memberships to clients of CenterState’s UP Start Syracuse program. It will also offer small-business owners assistance with obtaining minority and women owned business enterprise (MWBE) certification and securing other economic-development investments.
Additional program support
Besides the UP Start Syracuse program, CenterState CEO will also use the funding in its collaboration with two programs that the Syracuse University Falcone Center for Entrepreneurship oversees. The Falcone Center is a program of Syracuse’s Martin J. Whitman School of Management.
The programs include the South Side Innovation Center (SSIC) at 2610 S. Salina St. in Syracuse. The SSIC is a community-based microenterprise incubator that provides office space, training, test kitchen space, and MWBE certification for neighborhood entrepreneurs. CenterState will refer clients to SSIC, provide supplemental technical assistance to residents, and continue to work with the organization to successfully launch and grow south-side businesses.
The second program is the Women Igniting the Spirit of Entrepreneurship (WISE), which CenterState will provide with new funding to deliver more workshops and technical assistance for entrepreneurs, specifically for its Exito program.
Funding will also support the annual WISE Women’s Symposium, which the organization held April 18 at SKY Armory.
Funded by a grant from the KeyBank Foundation in 2017, the KeyBank Business Boost & Build program is “designed to stimulate economic growth” in Ohio and upstate New York by helping startups and small businesses grow and “preparing the workforce for the needs of those companies.”
Robert Half: Six job-search stallers and how new grads can overcome them
The upcoming college graduations across Central New York and beyond will send new graduates into the job market, which could see more employers competing for new hires. Menlo Park, California–based staffing firm Robert Half has outlined six items that can stall a job search for young people and provides suggestions on how to overcome them.
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The upcoming college graduations across Central New York and beyond will send new graduates into the job market, which could see more employers competing for new hires.
Menlo Park, California–based staffing firm Robert Half has outlined six items that can stall a job search for young people and provides suggestions on how to overcome them.
Robert Half is citing a November report from the Bethlehem, Pennsylvania–based National Association of Colleges and Employers (NACE) that’s titled “College hiring projected to increase by 4 percent in strengthening market.”
The NACE job-outlook study indicates that employers plan to hire more new graduates from the Class of 2018 than they did from the Class of 2017. The study found 44 percent of organizations plan to increase their hiring plans, which is up from 36 percent in the 2017 survey. Respondents in the 2018 survey cited company growth, retirements, and the need for entry-level talent as the “top drivers.”
Here are the six things that can stall a new graduate’s job search, according to a Robert Half news release issued April 18.
You’ve submitted material online for many jobs online and haven’t been called for interviews
Robert Half suggests grads rework their résumé and “find a connection.” The staffing firm advises candidates to tailor their résumé for each position so it contains keywords from the job description, as that will help résumé-scanning software identify an individual as a potential match. More importantly, job candidates should find any connections they have at the company and ask them for input about the role. “See if they would be willing to submit your résumé personally to the hiring manager,” Robert Half says. A personal connection can help candidates stand out from a large number of online applicants. Managers often prefer to hire candidates who are referred to them by people whose opinion they value.
You don’t want to list your salary history on an application, as you had low-paying jobs through college.
Robert Half advises new graduates to “focus less on history, more on the future.” The reason? Many cities and states have banned employers from asking about salary history. Hiring mangers instead ask candidates for their salary expectations, and often do so early in the selection process. Candidates should refer to multiple sources to understand market rates for their skill set. “Check the Robert Half 2018 Salary Guides, and talk to specialized recruiters, industry groups and your network so you can prepare for the salary conversation,” the staffing firm said.
You don’t have any experience in the field you want to pursue.
Robert Half suggests pinpointing transferable skills and finding other ways to gain experience. “Highlight examples on your résumé that show how you’ve helped companies save money, create efficiencies, and find new business — these skills are valued by any firm,” the staffing firm advises. Candidates should also show their abilities to train, learn, take on new duties, and collaborate. Graduates can gain relevant experience by volunteering their time with an organization that needs their skills. “If you’re interested in the marketing field, for instance, offer to redesign the website, write a blog or plan a fundraising event. Add that experience to your résumé and LinkedIn profile.”
You’re thinking about returning to school for a graduate degree to help you get a better start to your career.
The staffing firm advises new graduates to “think carefully and consult others.” Before investing substantial time and money in another degree, they should know the expected return on their investment. Grads should talk to people in the field to see if it’s a must-have or nice-to-have in their chosen industry. “In some situations, a certification or technical skill may be in greater demand — and command higher pay — than a master’s degree.”
The starting salaries you’re seeing in your field are too low. You need to make a lot more to cover bills, student loans, rent, and other expenses.
Robert Half suggests that graduates change their mindset from what they need to what the market will pay. Hiring managers don’t base a salary decision on what the candidate needs or wants; their focus is on supply and demand. Highly specialized skill sets that are in short supply command higher pay. If salaries in a field are too low, job seekers should consider taking on extra work as a contract employee or pursuing a different industry.
You’re feeling alone in your job search.
The firm advises new graduates to “spend less time on your devices and more on face-to-face interaction.” The job search can be isolating, particularly when people spend most days behind a computer looking online for jobs. Leads to new contacts and jobs can come from anywhere, so grads should spend time interacting with new people at volunteer activities and industry events.

Excellus urges customers to come forward for unclaimed funds
Hundreds of people and companies in Central New York, and thousands across the state, have not cashed more than $2.1 million in checks that Excellus BlueCross BlueShield and its parent company have issued. Rochester–based Excellus, which has an office in DeWitt, is Central New York’s largest health insurer. These checks were issued to members and
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Hundreds of people and companies in Central New York, and thousands across the state, have not cashed more than $2.1 million in checks that Excellus BlueCross BlueShield and its parent company have issued.
Rochester–based Excellus, which has an office in DeWitt, is Central New York’s largest health insurer.
These checks were issued to members and providers in 2014, but were never cashed, the health insurer said in an April 25 news release. If the funds aren’t claimed by the end of August, Excellus is required to turn the money over to New York State.
A complete list of names of people and companies with checks to claim is available on the company’s website at ExcellusBCBS.com/UnclaimedFunds, the nonprofit said.
“This is money that was paid for claims or refunded premiums,” Jim Reed, regional president of Excellus BlueCross BlueShield, said in the health insurer’s news release. “It rightfully belongs to our members or providers, and we want to make sure they have one more chance to claim it before it goes to the state.”
Most of the checks that have yet to be cashed were allocated to Excellus BlueCross BlueShield members and providers, who may have forgotten to cash the checks, moved and left no forwarding address, or died, the health insurer said.
To claim a check prior to Aug. 31, current Excellus members can call the phone number listed on their member identification card.
Former members, or those calling on behalf of the estate of a family member, can call Excellus at 1-800-499-1275.
The health insurer says it will mail the checks to claimants on or before Aug. 31.
Brown & Brown posts nearly 30 percent rise in Q1 net income
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter. That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the
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Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently reported that it earned nearly $91 million, or 32 cents a share, in the first quarter.
That’s up almost 30 percent from the $70 million, or 25 cents per share, that the insurance brokerage company earned during the same period in 2017, Brown & Brown said.
The firm generated revenue of $501.5 million during the first quarter, nearly 8 percent higher than the $465 million it generated in the year-earlier quarter.
“We delivered solid results for the quarter with strong top and bottom line growth, with our net income per share benefiting from a lower effective tax rate resulting from tax reform,” J. Powell Brown, president and CEO of Brown & Brown, said in the earnings report.
The company’s board of directors declared a regular quarterly cash dividend of 7.5 cents per share, to be paid on May 18, to shareholders of record on May 9.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has offices in Vestal, Rome, and Clifton Park, according to the firm’s website.
Big I New York hails defeat of proposal that would have hurt small insurance agencies
DeWITT — Big I New York, which describes itself as the Empire State’s “oldest” insurance producer trade association, says it mounted a “successful effort” to defeat a state-budget proposal that would have “seriously harmed” small insurance agencies. The recently enacted state budget does not include an “extreme increase” in fines for accidental violations of state
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DeWITT — Big I New York, which describes itself as the Empire State’s “oldest” insurance producer trade association, says it mounted a “successful effort” to defeat a state-budget proposal that would have “seriously harmed” small insurance agencies.
The recently enacted state budget does not include an “extreme increase” in fines for accidental violations of state law, Big I New York said in an April 12 news release.
“The proposed increase in fines and penalties could have put small insurance agencies out of business,” Richard MacDonald, chairman of the Big I New York board of directors, contended. “Many violations are unintentional and the result of a misunderstanding about requirements. Mistakes like that should not jeopardize a business’s existence.”
DeWitt–based Big I New York is the rebranded name of the former Independent Insurance Agents & Brokers of New York Inc. (IIABNY).
Under current law, the fine for most violations of New York insurance law is $1,000 per offense. The proposed state budget would have increased the penalties where the violation related to either the failure to pay a claim or to making a false statement to the superintendent of financial services or the New York State Department of Financial Services.
The new penalty would have been the greater of $10,000 for each offense or two times the damages attributable to the violation or the economic gain realized from the violations.
Insurance agencies are subject to a variety of complex laws and regulations, according to Big I New York.
While making a “good faith effort” to comply with them, an insurance producer might “unintentionally” make a false statement, the group contends. For example, agencies must annually certify that they comply with all applicable parts of New York’s new cybersecurity regulation. An agency owner may mistakenly believe he has met the requirements and falsely certify that the agency is in compliance. Under the governor’s proposal, that mistake could have resulted in a $10,000 fine.
“Disproportionate” penalties like that could have been “difficult or impossible” for small agencies to absorb.
Big I New York “led the fight” to remove the fine increases from the budget. As a result, the increased fines were not part of the spending plan the legislature adopted in late March.
“The law is the law, and we of course believe that agencies are responsible for complying with it,” MacDonald said. “However, we also believe the penalty should not be extreme for an innocent mistake. The proposed fine increases were extreme and unjust, and we fought hard to protect our members from them. We are gratified that the legislature chose not to adopt them.”
Big I New York says it advocates for the educational, political, and business interests of its more than 1,750 agencies and their 13,000-plus employees.
3 Reasons Saying “I’m Sorry” and “Thank You” Can Change Corporate Culture
Companies that train their employees in what are commonly referred to as “soft skills” are finding those efforts pay off in productivity and retention. People with soft skills are adept in areas such as interpersonal communication, leadership, problem-solving, and adaptability. But often still missing in the soft-skills department, some corporate analysts say, is the willingness
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Companies that train their employees in what are commonly referred to as “soft skills” are finding those efforts pay off in productivity and retention.
People with soft skills are adept in areas such as interpersonal communication, leadership, problem-solving, and adaptability. But often still missing in the soft-skills department, some corporate analysts say, is the willingness to show an even softer side — specifically, saying “thank you” and “I’m sorry.”
Simple as they sound, those phrases — which most of us were taught by our parents as good manners — are often difficult for many people in the corporate culture to say.
But there is great value and power in saying “I’m sorry” and “thank you” in the corporate world. The first time someone apologizes or expresses gratitude, the whole environment shifts.
I’ve observed corporate cultures become healthier when workers and leaders learn more about each other, care about each other, and communicate better. As a result, they work better together.
So many people in today’s corporate culture have lived through not being valued in the workplace. As we moved from the industrial age to technology, the thing that got left behind was the human element. People are starving for the human touch.
Here are three reasons why saying “thank you” and “I’m sorry” carry power in the corporate culture.
Rebuilds relationships
Leaders who can put themselves in the shoes of an employee whom they berated can build strong bridges throughout the company by apologizing and showing a more respectful approach next time. People feel more valued and no longer threatened. Every word you speak is an act of leadership as you influence others. A thank you to a deserving employee also forges a more trusting, respectful relationship. Being specific and genuine with the thank you heightens a person’s self-image, their view of the workplace, their boss and co-worker, and motivates them to keep up the good work.
It shows character
Humility shown in saying “I’m sorry” is essential to leadership, as well as to the rank-and-file, because it authenticates a person’s humanity. Saying “thank you” reflects an appreciation for others that is essential in building a successful team. Competence is no substitute for character. When people see a co-worker or boss doesn’t thoughtlessly put themselves above them, bonds and productivity grow. Character is a key element that attracts people and builds the foundation of a business.
It energizes everyone
It’s easy to get wrapped up in daily business obstacles or an overloaded email box and skip saying “sorry” or “thank you.” But when these new habits are formed, showing that everyone values everyone else, a spirit of cooperation flows like a river throughout the company, creating a consistently positive culture.
The relationship qualities, founded on mutual respect, that were common 100 years ago are still essential today, and without them, organizations fail. Walls go up, people get alienated, and can’t work together anymore.
Keith Martino (www.KeithMartino.com) is head of CMI, a global consultancy founded in 1999 that customizes leadership and sales-development initiatives. Martino is the author of “Expect Leadership,” a series of four leadership books — The Executive Edition, in Business, in Engineering, and in Technology.
Don’t Think Training First for Employee Development
Here’s a quick question. Where did you have your most impactful learning experience? A. In a class or a courseB. In a meetingC. At a conference or in a workshopD. In your work, completing a project or task Did you answer D? I’ve asked this same question numerous times to organizational managers, leaders, and at presentations that I’ve given,
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Here’s a quick question. Where did you have your most impactful learning experience?
A. In a class or a course
B. In a meeting
C. At a conference or in a workshop
D. In your work, completing a project or task
Did you answer D? I’ve asked this same question numerous times to organizational managers, leaders, and at presentations that I’ve given, and the responses are always the same. The vast majority (around 80 percent) agree that their greatest learning experience happened while doing actual work — solving a problem, completing a task, and/or collaborating with others. Interesting too is that this high response rate reinforces some research initially done at the Center for Creative Leadership in the 1990s. It was here that the 70-20-10 principle was born. If you’re not familiar with this principle, these numbers loosely represent the percentages of how people learn in an organization.
– Most learning (the 70 percent) happens in the work being done, through experiences
– Some learning (the 20 percent) happens through our social interactions — collaborating, sharing, and story-telling
– Far less learning (the 10 percent) happens through training, courses, and classes
Of course, the exact percentages are not important and can vary depending on your context (for example: a new employee, or novice, may learn more in a formal on-boarding program). However, as people grow in experience and knowledge, they need less training and more opportunities to connect and reflect. Are we doing enough of this — or are we trapped in the 20th century’s training-first paradigm?
If you’re a small to mid-sized business, it’s time to look forward, not back. The learning and performance landscape of the 21st century is very different than the landscape of the 20th century that created the likes of IBM, HP, Blockbuster Video, and Kodak.
Change happens quickly, so both employers and employees need to consider supporting faster ways of learning. For employers, a workforce that can continually learn, improve, connect, and collaborate is more responsive to change. Similarly, workers who have a strong network and can find what they need right when they need it gain skills faster than through a traditional academic course model. (Source: https://www.innosight.com/insight/creative-destruction/)
Today’s organizations need to better support all the learning that’s happening. If it’s not apparent, here are more reasons why creating a framework to encourage and enable 70:20:10 is necessary.
It’s the answer to complexity
The world of work, markets, and technology are changing constantly. Adopting permanent approaches, structures, and tools makes no sense as the lifespan is short and technology is expensive. Best principles, not practices, are needed today, and agility and speed win. The 70:20:10 approach reduces friction on the workflow by allowing learning and work to be more closely tied.
It’s simple
Adopting 70:20:10 requires no new software, training, or infrastructural changes. It’s a mindset shift from compliance, completion, attendance, and direction to support, enablement, guidance, and modeling. We need to let go of industrial-era approaches to performance improvement which often create unnecessary layers of work upon the actual work. The 70:20:10 mindset is about paving the cow path not creating new roads.
It’s about doing, not learning
If you go by the numbers, about 90 percent of 70:20:10 is in and around doing actual work. The 70:20:10 plan is about work getting done better, faster, and more efficiently by making work more visible and encouraging people to connect and collaborate. It’s about reflecting on the work being done to bring forth new ideas and being conscious of the insights gained through doing the work.
It’s about autonomy
In a world of ever-change, a 70:20:10 framework doesn’t dismiss the importance of hiring right but it adds the understanding that new hires need less hand-holding. As adults, if offered freedom to explore, connect, question, and contribute, they will. The 70:20:10 approach isn’t anti-training, rather it ensures that training — with all its baggage around control and futile efforts at measurement of learning — is not the default response to performance-improvement efforts.
A few things you should ponder about the 70:20:10 framework include the following.
• About 90 percent of learning budgets are allocated to 10 percent of where real learning happens.
• People are more apt to reach out to a colleague or “Google it” before they access content in a learning-management system.
• Learning happens constantly and continuously, but in most organizations it’s unsupported and left to chance.
What should businesses be considering then?
First, culture. Most small to mid-sized organizations inherently have a more cooperative and collaborative culture. Look around. Are your employees continuously seeking innovative approaches and new ideas to inform their practices? Do they openly reach out for assistance and are willing to share insights? Do they have easy access to various content sources inside and outside the organization such as Intranet and Internet? If you don’t trust the people you hired to make good decisions for themselves and the organization, why did you hire them?
Second, management. If you have a management layer, are your people focused on deadlines and deliverables and reporting out as well as communicating down? This is traditional thinking. Not that it’s not important to meet work demands and communication, but if the organization is to be more open, managers need to become coaches and mentors and focus more on reducing barriers to getting work done.
Finally, technology. Most work today involves technology to complete critical tasks; this can include project-management tools to file structures and data aggregation. All serve to help get today’s work done.
However, what about preparing for tomorrow’s work? What’s on the horizon is no longer decades away. Collaborative technology or enterprise social networks are superior to email to ensure ongoing conversations, sharing, and community building across the organization. Social tools help not only improve communication, but also increase the opportunity for collaboration through diverse opinions where innovative ideas are often born.
Your company’s newest solution or service resides not in a single individual but between people, in their conversations. Social technology may be the single greatest tool to help your company to remain a positive, productive culture.
Today, the need for organizations to remain responsive is critical. Circumstances can change quickly from new technology adoption to market shifts. Disruption is more the norm than the exception, and the ability of your employees to be aware and respond is now necessary. Training was the ideal primary solution when conditions were more stable and it still has its place when done well and for the right reasons such as when learning something for the first time. However, training ultimately helps to solve the problems we know. Collaboration, cooperation, and experimentation help to solve the problems yet to come.
Mark Britz is a workforce-performance strategist who has launched ThruWork (ThruWork.com), a talent-development consultancy for small to mid-sized businesses. The company specializes in solving organizational performance problems and focuses on non-training approaches to scale employee performance. He has a bachelor’s degree from SUNY Oswego and a master’s degree from Syracuse University. Contact Britz at (315) 552-0538 or email: mark@thruwork.com
4 Tips for Men Mentoring Women During a Sensitive Time in the Workplace
Inappropriate behavior toward women in the workplace has sparked a national conversation about sexual harassment. The #MeToo movement exploded on social media, celebrities were embroiled in allegations of sexual misconduct, employers were sued, and employees dismissed. While this tidal wave of public attention has generated some positive change, business leaders and work-culture observers wonder how
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Inappropriate behavior toward women in the workplace has sparked a national conversation about sexual harassment. The #MeToo movement exploded on social media, celebrities were embroiled in allegations of sexual misconduct, employers were sued, and employees dismissed.
While this tidal wave of public attention has generated some positive change, business leaders and work-culture observers wonder how the fallout will affect male-female working relationships down the road, including within the mentoring dynamic.
As a business owner and attorney, I think it’s time to turn the conversation positive and view how male-female mentoring has successfully impacted careers and companies. This time of raised awareness provides the chance to improve mentoring and make it even more meaningful.
I would like to encourage my business-owner peers to change the tone of this conversation and focus on the many successful male-female work relationships we have each seen, fostered, and benefited from forging. A workplace is super-charged by having a mix of well-mentored men and women.
At a time when men might be pulling away from mentoring to avoid any hint of impropriety with a female colleague, we need more men to mentor women because they’ll be helping to positively change the workplace.
Here are four tips for male business leaders when mentoring women:
Focus on professional progress
Rules for mentoring should be the same for a woman mentoring a man or a man mentoring a woman. What’s the mentor or mentee’s motivation for entering into this mentoring relationship? You focus on skills, talents, goals, and competencies. Feedback is constructive. You keep it real by not veering off the track of professional growth.
Think of mutual growth
Well-planned and executed mentoring is a win-win for both the mentee and mentor. Both individuals can grow substantially from the relationship. Focus on developing the women and men on your teams through impactful mentoring that elevates both the mentor and the mentee. As a male business owner, I owe a tremendous amount of my own success to the incredible mentorship of my female colleagues. Male business owners need to seek out their female mentors as they add a different dimension to how we plan, execute, and build our business.
Ask, if you’re unsure
Colleagues can help you understand what is considered inappropriate behavior and what is acceptable. Something that was a compliment years ago might be considered an inappropriate comment today.
Practice common courtesy, respect
Treat a female colleague as you would any other colleague. Men should take the extra step of educating themselves on the definition of sexual harassment and what it means to women in a professional setting. Be a good listener and exhibit common courtesy, as you would show any person.
Male business leaders have a great opportunity here to be great role models, impactful mentors, and help women continue to diversify the talent of their companies.
Peter J. Strauss (www.peterjstrauss.com) is an attorney, captive insurance manager, and author of several books, including most recently “The Business Owner’s Definitive Guide to Captive Insurance Companies.”
7 Ways to Keep Customers Coming Back
Lots of money, effort, and time go into acquiring customers, but not nearly enough thought goes into keeping them coming back. Sure, there’s the occasional offer or the “We’ve missed you” discount. All too frequently, we don’t pay attention unless they’re unhappy or turn up missing. Then, we get busy to try to get them
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Lots of money, effort, and time go into acquiring customers, but not nearly enough thought goes into keeping them coming back. Sure, there’s the occasional offer or the “We’ve missed you” discount. All too frequently, we don’t pay attention unless they’re unhappy or turn up missing. Then, we get busy to try to get them back.
Such business behavior has unintended consequences. The cable companies are an example. Customers have learned to complain and threaten to leave unless they are given concessions. And how do you feel when a company unleashes the sweet talk after they haven’t heard from you? This is when you say, “Why didn’t you take care of me before I left?”
Sure, there are so-called loyalty programs. But their track record is spotty. At the moment, Macy’s appears to be having some success. But today’s customers are always alert for the next “best deal.” And it’s not just retail, it’s everywhere.
Whatever the business, the barriers to making a change are crumbling, as a recent Capital One TV ad depicts so graphically. No matter where they are, it only takes five minutes to change, viewers are told.
Customers get it. Nothing holds them back. “I really like doing business with you, but I’m making a change,” they say. Many businesses pass it off as just the way it is today; few have a clue what to do about it.
So, let’s get specific as to why customers leave. Here are four main reasons.
1. Some are easily bored
They constantly prowl the Internet for what’s new and different, which one survey pegs as between one and three hours a day just at work.
2. Others lose interest almost instantly
Studies indicate attention spans are getting shorter — and shorter. You may recall a Canadian media consumption survey by Microsoft that found the average attention span was 8 seconds in 2015, down from 12 seconds in 2000.
3. Many don’t get the help they expect, particularly with decision-making
A patient in a medication ad wonders if what he’s taking is the best for him. He wants the best so he talks to his doctor and makes a change. We’re confused after poring over online reviews and items with Amazon, and “Best Seller” grabs our attention.
4. They feel they’re being taken for granted
They place orders, pay on time, and don’t complain. Sounds like the perfect customer. And then they’re gone. Why? They feel neglected — and chances are they’re right.
Is there a common thread running through the list? If anything, it shows how fragile customer relationships are today. It doesn’t take much to harm them, but it does take effort to strengthen them. Here are seven ways to do it.
1. Communicate value
Of course, customers chase the lowest price for auto insurance. They view it the same way they buy milk or bread and a lot of other stuff. Keep the attention directed on why what you sell makes a difference in your customers’ lives.
2. Focus on the front line
Person-to-person contact is the weakest point in most businesses. It ranges from lack of attention and inaccurate information to surliness, being ignored, and lied to. Like it or not, this is the company. It’s the place of truth, no matter what the CEO says.
3. Act on feedback
Whether a business wants feedback or not, they get it today, often from many directions. Encouraging feedback should be a company’s primary message, not tacked on somewhere: “We want to be better. We depend on you to show us how.” Then let customers know how they helped.
4. Make messaging personal
Customers must feel that the business experience is about them. Too much is either too general, inappropriate, or what you want customers to buy. Forget it. It doesn’t work and that means it wastes time and money. To do it right takes data.
5. Customize loyalty rewards
Everyone isn’t moved by a singular incentive. Give them options so the decision is theirs. Sure, it’s more complicated, but a key to loyalty is recognizing customers as partners.
6. Listen to their story
Share complaints and what you’ve done about them; show how complaints make a better company. Customers want to talk about their situation
7. Do something special
Surprise them. Let them know you noticed them. A few days after having brunch at a restaurant, the manager emailed a guest. He said they were pleased to prepare the meal to meet dietary restrictions.
Now, here is the point. Just as a thread runs through the reasons why customers leave, there’s also a thread that helps explain why they stay: They feel appreciated, understood, and wanted — not just when they come aboard, but consistently over time.
Is a retention effort worth it? “The companies that have a difficult time,” says Wharton researcher Dan McCarthy, “are the ones that don’t do a good job of retaining the customers. They are never able to dial back on customer acquisition, which makes it very hard for them to get out of that loss-making situation.”
In summary, we can say that just as customer acquisition is habit-forming, so is customer retention.
John Graham of GrahamComm is a marketing and sales strategist-consultant and business writer. He is the creator of “Magnet Marketing,” and publishes a free monthly eBulletin, “No Nonsense Marketing & Sales Ideas.” Contact him at jgraham@grahamcomm.com, (617) 774-9759, or johnrgraham.com
Survey of Area Voters Finds Economy, High Taxes Among the Top Concerns
My office recently invited people in the 120th Assembly district to participate in a legislative survey, and more than 800 people took the time to respond. The survey asked people their thoughts on the local economy, laws pertaining to drugs, child welfare, the SAFE Act, economic development, and health care. Not surprisingly, in this unscientific
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My office recently invited people in the 120th Assembly district to participate in a legislative survey, and more than 800 people took the time to respond. The survey asked people their thoughts on the local economy, laws pertaining to drugs, child welfare, the SAFE Act, economic development, and health care.
Not surprisingly, in this unscientific survey, the clear majority of people are concerned about our local economy. People noted a lack of high-paying jobs, high unemployment, high property taxes, high government spending, poverty, and loss of industries as our area’s biggest challenge. These same concerns were repeated by almost all who responded to this question. In addition, about 70 percent rate the local economy as poor or very poor. To address the economic concerns, respondents said that New York needs to reduce taxes and regulations to encourage more private-sector jobs. Some also advocated for more funding for workforce development and career training.
When asked what the best part of our community is, people were optimistic. Respondents noted low crime, affordable housing, rural lifestyle, great parks, abundance of natural resources and beauty, outdoor recreation, and the people. Overwhelmingly, respondents spoke of the people here as the best part of our communities.
“Friendly people willing to help,” “Small town where people care,” “Volunteerism and willingness to help,” and “Good people and nice communities,” were a few of the sentiments people shared.
The survey respondents expressed continued concern about drug abuse and support legislation that increases penalties for drug dealers. Out of those surveyed, 77 percent support legislation that would allow drug dealers to be charged with homicide if they sell drugs to an individual who dies as a result of an overdose. In addition, 88 percent support legislation that would add synthetic drugs, such as Spike, to the controlled-substance list thereby making it a crime to sell or use these drugs.
Second-amendment rights, child protection, and health care were also important to those who responded:
• Nearly 60 percent urged for the SAFE Act’s full or partial repeal.
• 78 percent support improving state law to better protect children from repeat child abusers.
• Affordable health care, adequate funding for infrastructure (such as roads, bridges water, and sewer), welfare reform, adequate funding for schools, and programs for veterans were also noted as top concerns.
I would like to thank everyone who took the time to complete the survey. The feedback is valuable and assists in my understanding of what is important to people in the district.
It also emboldens some of the causes I am already fighting for in the Assembly. As such, I will continue to push back on programs and mandates that increase taxes and make it difficult to do business in New York. I will also continue to push for policies that protect children and strengthen our laws on drugs.
William (Will) A. Barclay is the Republican representative of the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact him at barclaw@assembly.state.ny.us, or (315) 598-5185.
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