Management Consultant, Executive Recruiter, Author, Public Speaker;
My blog, "Fighting Alligators" is geared to the over 50 job-seeker; people interested in starting their own business; and freelancers looking to become more successful.
I have 22 years of experience with Fortune 500 Brands in Strategic Planning and General Management. For the past 22 years, I have been President of New Century Dynamics, Inc., an Executive Search Business I started and own. My company is in the business of providing Consulting and Executive Search Support to our client base. In 2014, I helped create ITB Partners, an Association of freelance management consultants.
Particularly in the era of “social distancing”, on-line shopping is growing at a rapid pace and with it, the opportunity presented by “Cash Back Shopping.” Cashback shopping taps into the normal marketing budgets of on-line retailers. Just like newspaper and other media advertising, Cash Back programs are designed by retailers to attract shoppers to their on-line shopping sites and to make purchases based on their standard pricing, discounts, reward, and customer service policies and the new dimension of cashback shopping. You’ve probably heard of the biggest cashback provider in the direct to consumer space which is Rakuten/Ebates. On the other hand, the biggest provider in the business to business space is Retail Benefits, Inc. (RBI).
Retail Benefits markets only through 3rd parties such as banks and credit unions, businesses (with large direct to consumer marketing reach), churches and charities, and political parties. Retail Benefits is an invisible partner to its sponsor organizations as RBI provides the downloadable app that connects the sponsor organization with its potential shoppers and over 4,500 on-line retailers who participate in the program. The RBI app is always customized and branded to each sponsor using the sponsor’s own marketing message and its standard “look and feel”. Using Retail Benefits is a one time download of the app onto the shopper’s desktop computer and/or mobile device. Once the installed the shopper shops as always and receives cash back on every purchase.
The cash flows from the retailer to RBI to the sponsor. Each sponsor then uses the cashback to advance its mission. Examples include charities that keep all or most of the cashback as a tax-deductible donation; banks and credit unions that add the cashback to enhance their existing cashback programs on the credit cards they are already offering, and business that keeps a portion of the cashback to enhance net income and convert the balance into “business bucks” to pay for the services they normally sale.
To learn more about how cashback shopping can create a strategic advantage for you and/or your contacts, contact Phil Davis, Retail Benefits Partner.
Early in my career, I learned that it is unwise to rebuild a retail outlet on site when there is an option to build on another site better positioned to serve the trade area. Taking an outlet off-line for reconstruction, forced our customers to seek alternatives. They began shopping with other brands, creating new habits. And, the rebuilt outlet seldom regained their full sales volume. It was a bad investment. Building a new outlet in a better location avoided the lost revenue while creating excitement for the new store. It was usually a better investment.
Once a new shopping pattern is established (read – a new habit), it is difficult to revert. This experience gives me confidence that the effect of the Covid-19 outbreak will create new habits and accelerate other trends.
Trends to Watch
Improved/Greater Focus on Personal Hygiene
Remote Working
Internet Shopping/Home Delivery
Tele-Medicine
Virtual Meetings
The first change I expect is an increased vigilance toward sanitation. It is obvious that people are likely to become accustomed to washing their hands more often, hopefully using anti-bacterial soap. It’s reasonable to expect retailers and other employers to adopt measures to better protect their customers and employees. Who knows, this might lead to a reduction in overall flu cases, reducing absenteeism. Even now, I have a client in the Janitorial Services Sector who is generating significant add-on sales from an innovative sanitizer product.
My friend Faith says that this pandemic will be the catalyst to make telemedicine a more widely accepted modality of care. “Telemedicine has been operational for 40 years. It has had a tremendous resurgence since 2016 and continues to increase in utilization. Telemedicine, including telehealth, is viewed as a viable option to access needed care. Copays and other fees are being waived both for commercial and Medicare patients. The virtual platform that is steering patients will become more widely accepted and utilized. There was already a push for digital applications to handle chronic conditions, urgent care, follow up visits, and medical consultations. It will be difficult to resume pre-pandemic modes of care.”
As I begin my third day of voluntary quarantine, I have changed the plans for our monthly meeting in favor of a ZOOM meeting. Based on government guidance, I decided to conduct a virtual meeting instead. It isn’t as useful from a networking perspective, but the content of the meeting will be presented well, and I will record the meeting for future reference. I am hearing that many of my colleagues have been engaged in virtual meetings this week. I imagine that many will become more accustomed to virtual meetings during this quarantine.
As people work from home for the next two weeks, many managers who are uncomfortable with remote working will have an opportunity to change their thinking. Imagine the overall benefit of working from home. Less commuting time via automobile will benefit employee mental health and productivity while lowering the cost of owning an automobile. The benefit to the environment and maintenance of infrastructure will be enormous. Mass commuting to and from work by automobile is no longer practical or sustainable.
Yesterday, I heard that Amazon.com is hiring another 100,000 workers. It’s safe to say that the home shopping trend, including restaurant delivery, will experience a surge of growth. One can imagine how restaurants will change their business models to accommodate more home delivery. I expect the creation of outlets providing delivery and carry-out only, without any accommodations for dine-in customers. This is a huge opportunity for grocery stores as well.
For the next two or more weeks we will be living outside our normal patterns. Disruption of our typical routine will certainly result in the creation of new habits. Working from home, making greater use of technology and new applications will reveal better ways to accomplish our work. I expect that our quarantine will be a catalyst for accelerating change.
Thank you for visiting our blog.
Jim Weber – Managing Partner, ITB Partners
I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox. Toward this end, put your contact information on my mailing list.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so; please leave a comment.
Many thanks to Ron Weinstock, of Weinstock Marketing and ITB Partners for facilitating this Partnership.
What is a Company Store?
A company store is an on-line, fully integrated e-commerce site that gives you complete control over your branded merchandise program.
This is not a new concept as many printers have expanded their services, providing companies an outsourced solution for the logistical management of marketing collateral and branded products. A dedicated company store provides employees, dealers, franchisees, agents and even consumers the ability to easily purchase branded merchandise. “The more people who see our logo, the greater the likelihood they will call ITB Partners to resolve their problems.”
“Symphonix Solutions will handle everything for us, from acquiring and warehousing the merchandise for our store to maintaining the web-portal and executing order fulfillment.”
SYMPHONIX SOLUTIONS CLIENT BRAND MANAGEMENT PLATFORM IS CALLED “ONBOARD”
From this customized web portal, you can oversee brochures, displays, promotional products and digital brand assets, control and track projects, costs, create reports control inventory and send direct response emails.
At Symphonix Solutions, we have a variety of solutions to make it easy for our clients.
To learn more about Symphonix Solutions and how we can help promote your brand and your client’s brand, contact Michelle Mehnert at mmehnert@symphonixsolutions.com.
Since 2008, Symphonix Solutions has been helping clients manage their marketing and sales materials providing customized solutions that improve the production, distribution, and control of their assets. “Our proprietary technology provides each client with a customized portal to track inventory, costs, and delivery from anywhere in the world.”
“Our clients want the best quality, cost-effective, easy solutions, and Symphonix delivers.” With the highest level of service and a dedicated team you can trust, Symphonix partners with the best provider network to produce the best results from people who care about your projects and consistently deliver because they love what they do.
Symphonic Solutions stands ready to help you and your clients with their printing needs as well!
i’ve learned that it is a big mistake to ignore my automobile’s ‘check engine’ light. I’ll admit, there was a time when I viewed the indicator light as a suggestion. Not anymore. I respect the ‘Check Engine’ warning light and take immediate action. Often, a failed sensor is the problem. Sometimes, when a sensor fails it cannot provide the automobile’s onboard computer with the information required to ensure the proper functioning of the engine. In other situations, the issue may be more serious. In any event, it means a trip to the service center.
Two weeks ago, a few indicator lights activated on the dashboard of my Nissan 350-Z, including a Check Engine light. The Z was a little difficult to start and the engine was operating below par. Of course, I took the car to the Nissan dealership for service.
As I was the first person in line when the service center opened, my need was processed immediately. In addition to the ‘Check Engine’ light, I asked them to check my air conditioner, as it wasn’t cooling properly. The service attendant was courteous and efficient. He printed a list of items to be investigated with a cost estimate for the diagnostics.
After completing the service order, I was directed to the customer lounge to wait for their evaluation. The owners of this Nissan Dealership had recently completed a major remodel. I suppose, remodel is not entirely accurate as they razed the old building to be replaced with a modern facility. I was not prepared for the utility of the waiting room. It is easily four times larger than the original. The adjacent restrooms are larger and more presentable.
The new lounge is more like a WeWork or Industrious office center. There are workstations and comfortable pit groups with over-stuffed chairs. The dealership offers free Wi-Fi and an ample number of electrical outlets for computers or to recharge smartphones. It is comfortable and well lit. An ample assortment of free beverages and snacks are provided. They offer single-serve coffee service, with a wide selection of flavors. There is juice, water and soda, packaged snacks, power/breakfast bars, and fresh fruit. At some point, a few dozen fresh donuts arrived. I passed on the snacks but enjoyed several cups of French Roast Coffee. There is a big-screen television tuned to HGTV and another screen for viewing the work in the garage. I was blown away by the new lounge. It’s like a combination of Starbucks and WeWork. If I had known about the amenities available, I would have brought my laptop and stayed in the customer lounge until my car was ready.
Almost immediately after my experience with Regal Nissan, I called my friend and colleague Mark Grace. Mark is an industry expert and guru on customer experience. He has trademarked a term for customer experience called Experidigm (see experidigm.com and his eight books). An experidigm is not just the product or service, but all the actions and feelings the customer might have related to the experience now, later, and as the product is integrated into their lives. It was my intention to share this experience with Mark to learn if the Nissan Dealer is providing a competitive customer experience. Also, as I thought it make an excellent blog post, I wanted to enlist Mark’s contribution, which follows.
Mark Grace
This is a great example of the shift from selling a product or service to delivering a complete experidigm of related customer activities. Yes, customer waiting is a major activity in the car repair business. Waiting is part of the experience. We’ve all waited for hours in a cold, damp, smelly, repair place staring at an ugly, cracked linoleum floor. Compare that to Jim’s waiting, or should I now say, productive working experience. Jim might come back for more activities. The dealer could schedule quarterly events, to showcase new cars, accessories, or services. There is a large list of activities the dealer can consider, some of which could become profit centers.
Today, consumers can choose from over a billion products. The opportunity is integrating products and activities into a complete experience or experidigm. Brands that create experidigms, will acquire lifelong customers. Think Airbnb for staying overnight or Uber/Lift for getting from here to there – the complete experience is covered and growing larger. Any product can be made into an experience. Customers create eperidigms by integrating the product into their lives. Brands can take the lead, increasing their profitability by enhancing the customer experience. Let us show you how.
Thank you for visiting our blog.
Jim Weber – Managing Partner, ITB Partners
Jim Weber – Managing Partner, ITB Partners
I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox. Toward this end, put your contact information on my mailing list.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so; please leave a comment.
Prior to forming New Century Dynamics Executive Search in 1999, Jim Weber spent 22 years with Fortune 500 companies in the Food Retailing Industry where he developed a broad-based portfolio of “hands-on” line and staff experience in growth and turnaround situations. A proven executive with exceptional leadership skills, Jim has a strong financial background and heavy operations experience in specialty retail stores, quick-service restaurants, manufacturing, and distribution.
For more information about Jim Weber and New Century Dynamics Executive Search, call us at 770-649-7051 or email JimWeber@NewCenturyDynamics.com
David Shavzin, CMC, is a Certified Management Consultant, and a passionate and experienced exit and succession planning expert. He created The Value Track to help business owners improve profitability, build value and maximize their business transaction. A frequent speaker on these topics, David is President and a co-founder of Exit Planning Exchange Atlanta and past president of the Institute of Management Consultants – Georgia Chapter. David has over a dozen years of experience senior corporate roles followed by nearly 20 years of consulting to privately held businesses. His industry experience includes manufacturing, distribution, healthcare, and professional services firms: law, accounting, architecture, engineering, and design.
Susan Knox of Corporate Connections is a tenth generation Georgian, with an exceptional reputation and network. I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is compelling. In fact, I thought you would find her story so interesting, I convinced her to sit for an interview. This is the fourth and final installment of our discussion.
Jim:“What do you recommend keeping one’s network alive and active?”
Susan: “I say to make a list of people in your network. People you know from the PTA, your CPA, your Lawyer, someone in the church, your neighbor, or your kid’s baseball coach/parents. Literally, anywhere you have relationships, make a list of them. Include people that you know who are either influencers or high-profile people who are actively networking.
“One of the biggest deals I ever got was from a dentist. I went to a new dentist and he asked me what I did. I told him that I connected companies with capital. His next patient told him that he had started a new company and that he was looking for money. The dentist made the connection and I landed a great deal. It’s because I visited him (dentist) and told him about my business. You would be amazed where new deals and new clients, or new employees can come from.”
Jim: “Absolutely. As I tell folks, Executive Search is like pure marketing, as everyone I talk with is either a potential client, a potential candidate, or a referral source to a potential client or candidate.”
Susan: “That is so true! ”
Susan went on to say that it is important to “say yes to new networking opportunities.” She said that to build your reputation as an influencer you must be visible so people will include you in their events. She mentioned that she attends seminars and summits, not so much for the value of the content, but to meet the people that attend those events.
Jim: “What is the next thing you see for Corporate Connections?”
Susan: “Okay! Great Question.
“At the moment I am overwhelmed with new clients, and I am so grateful for that. But I think I need to start conducting professionalism workshops. Because, as you said, people often don’t know what they don’t know. A lot of them grew up behind a (computer) screen and they don’t know the social graces. They don’t know how to shake someone’s hand, to look them in the eye, or how to dress. I tell people that you are the CEO of your life. You are your brand, regardless of where you are. So, you had better protect it (your brand). You must know what you are doing. “
Jim: “Yes, if you step it up, and wear a jacket you can stand out.”
Susan: “I remember a time when I represented a Wealth Management Firm. The Managing Partner asked if I would talk to one of the younger guys, a real ‘up-and-comer.’ He was a runner and wore a sports watch. The Managing Partner wanted him to wear a dress watch. Another situation was with a female who wore (gaudy) colored nail polish. I helped them learn the value of proper attire and etiquette. I tell people, ‘when you walk into a room, you notice people who are very well-dressed and put together. They just stand out.’ People are attracted to successful-looking people.”
“I say the more high-tech we go, the more ‘old school’ I get. People really appreciate a handwritten note or a phone call. I have started working very hard to have more personal connections. But you know, Jim, I’ve always been about my clients and my members. I have focused on helping my clients with their social media, but not for mine (social media). I can use social media to showcase the value of my network. Going forward I aim to be more visible on LinkedIn.”
Jim: “Thank you so much, Susan!”
Susan: “Oh, thank you! It was fun.”
Thank you for visiting our blog.
Jim Weber – Managing Partner, ITB Partners
Jim Weber – Managing Partner, ITB Partners
I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox. Toward this end, put your contact information on my mailing list.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so; please leave a comment.
Wendy Ellin is a Workplace Productivity Consultant, International Speaker, & Author of Enough Is Enough, Get Control of Your Stuff. Her insights into living an organized life are shared in her presentations with irreverence, humor, and a level of passion that motivates her audience to TAKE IMMEDIATE ACTION!
Wendy talks about real-life challenges that we all experience such as email overload, being on time (or not), reasonable expectations for getting things done, and much more. It is from Wendy’s 20 plus years in the corporate arena that she drew from her own successes by working smart, not hard—that inspired her to develop the tools and techniques for increasing workplace productivity and ultimately a renewed sense of peace of mind.
“It’s one thing to love what you do, and another to LOVE THE WAY YOU DO IT!” Wendy Ellin
Susan Knox of Corporate Connections is a tenth generation Georgian, with an exceptional reputation and network. I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is compelling. In fact, I thought you would find her story so interesting, I convinced her to sit for an interview. This is the third installment of our discussion.
Jim: “What is your motivation? What gets you out of bed every day?”
Susan: “Number one, I love having great people around me. When I say great people, I mean people with integrity, who are smart, and ask ‘how can I help you first.’ They aren’t takers. They check their egos at the door; men and women, who are genuinely good people. I love having that as my nucleus and I thrive on meeting new people. The capital of my company is my relationships. I think that relationship capital is under-valued currency.”
Jim: “So you wouldn’t call yourself an introvert.”
Susan: “No! I could not do what I do if I were an introvert.”
Jim: “You said you have three brothers, older, younger?”
Susan: “All are older, I am the youngest. I learned a lot from them. My dad treated me like a little princess. He also taught me to be fiercely competitive. I could outrun them, swim across the lake underwater, and not come up (for air) because I was not going to disappoint them.”
“I have a very competitive spirit. I like to win.”
Jim: “How would you describe your clients, is there a common denominator? Industry segments for example?”
Susan: “No, there isn’t. It’s really across the board. I have three companies raising capital, a very big software development company, and a marketing company. My clients also include a Law Firm, a Bank, and a CPA firm. My Network and my clients are much the same. I work with them on retainer until they feel they have gotten what they need and then flip them into the Network, my board. My clients are a feeder system for my Network. I want to make sure the members of my Network, work well together. When I started my network membership, almost two years ago, I did not want to become industry-specific and have one member per category. It is not a leads group at all. It’s totally about relationships and bringing people together that can be top of mind, where likes attract likes is the kind of group I wanted to build.”
Jim: “What was involved in creating Corporate Connections?”
Susan: “Well, I will never forget my first meeting. I invited people I knew well. I called it “An evening of introductions.’ I am still using this title today. Nobody knew what to expect, because there was nothing like it at the time. I was mixing people who should know each other. I served wine and beer and went around introducing them. One of my signatures is to have people introduce themselves (to the group). There is nothing better than knowing who is in the room with you so you can immediately pick out someone to meet. I learned early on to combine socializing with facilitated introductions, and then to follow up.”
“Through the years I’ve learned to give people the most for their time. I learned to slow down, work the room, and let people know why they need to know each other. I learned is to make a personal connection; mention that they both like to play golf, or they might be avid tennis players. Maybe their kids go to the same school or they are both Clemson Alumni. I get to know my contacts so I can say something personal about them. It takes some of the stiffness out of the room.”
“I want to know about their passions. A lot of my contacts are willing to give back their time and their money. Some want to be a mentor or to serve on a board. So, for me to know your passion is important.”
“This morning I was with six hundred women who work with children that don’t normally have access to something like Westminster. It is called Odyssey. These women all have a passion for giving underprivileged children a hand up.”
Jim: “That would be an extension on what you are doing with a philanthropic angle?”
Susan: “And, I tell everyone to figure out ‘what your passion is about and go volunteer.’ Get on a board, help with membership. Do whatever it is that you are passionate about.”
TO BE CONTINUED…
Thank you for visiting our blog.
Jim Weber – Managing Partner, ITB Partners
Jim Weber – Managing Partner, ITB Partners
I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox. Toward this end, put your contact information on my mailing list.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so; please leave a comment.
Susan Knox of Corporate Connections and I have known each other for at least 15 years, maybe more. She is a tenth generation Georgian, born in Atlanta, with an exceptional reputation and network. Although I have attended a few of her events over the years, we have operated at the periphery of each other’s networks. For the past six months, we have connected much more frequently. We found that our business models were complimentary. After exploring the potential synergy, I became her client, and she became a member of ITB Partners. That’s a topic for another post. I am so pleased to have her on the ITB Partners Team as her business is unique and her personal story is most compelling. In fact, I thought you would find her story so interesting, I convinced her to sit for an interview. This is the second installment of our discussion.
Jim: “You said, ‘it’s in your ‘DNA,’ and that you’ve had experience hosting events. How did you use that experience to create Corporate Connections?”
Susan: “Well honestly, it happened by default. It’s great that it happened. As a matter of fact, today I ran into Marvin Cosgrove who inspired me to start my business. He was the president of the Buckhead Business Association from 1999-2000.”
“I was in the wholesale jewelry business for 15 years. I owned a company called The Regency Collection. I loved it! But I saw that things were changing, as manufacturers were closing their factories in Rhode Island. Many people don’t know that Rhode Island was the jewelry capital of the World. But the factories in China and Taiwan started knocking off jewelry companies in the States. I saw the handwriting on the wall. I had an opportunity and sold my company in 1997.
“In 1999 I was asked to join the Buckhead Business Association Board of Directors. One day I suggested that we hold a Buckhead Business Expo. Marvin said ‘Okay, I trust you implicitly.’ So, I negotiated with Phipps Plaza to hold the event. The objective was to promote the members’ businesses and to attract new members. In 1999, there weren’t many places to go and ‘plug-in,’ as networking wasn’t what it is today. During the event, I was introducing people to one another. The members told me that I was better at introducing them then they were able to do for themselves. Many said, ‘here is my business card, and here are my marketing materials. We will pay you a retainer and a percentage of the deals you help us close.’ I had eight people (at the Expo) handing me checks in April of 1999, who wanted me to represent them.”
“It was fascinating because Business Development was not a common term back then, it was either Sales or Marketing. Coming from the Jewelry Business prepared me to do this (Corporate Connections). In the jewelry business, we held marketing events. I loved the events side, selling jewelry to housewives with my mother and my grandmother. It was so much fun. So, I thought it be wonderful to do what I love and create a high-end relationship business.”
“Over the years, people have asked me, ‘how do you monetize connecting people?’ My significant other said, ‘you picked the hardest thing ever to get paid for.’ The difference is, I am very direct and intentional, very proactive, and not casual. It’s my business model. It’s what I do every day. I really feel lucky to be where I am, because I have pounded the pavement, paid my dues and sat on boards. I have volunteered, helped fund-raise for non-profits, held events in my home, and have done many others for people who want to raise money. I think I am in the best place I can be in my life right now.”
Jim: “So, I am familiar with your Board, from which you receive an annual membership fee.”
Susan:“That’s called the Network. Those are people I want to be a part of my business so that I can look out for you all; knowing that you are my go-to people for new connections and to make sure that you all know each other, my inner circle. ”
Jim: “Are you still in the business of helping people who come to you looking for introductions?”
Susan: “Yes. I work on a monthly retainer (with those people) and there are certain deliverables that go with what I do. But the basics are the same. I publish a new client announcement to my network showcasing their businesses. It is something I plan to do for all my members. It is great exposure for you all as you are hand-picked, subject matter experts at the top of your game.”
“My clients are people who say, ‘Susan I really need serious business development efforts behind my brand. I’ve got to get plugged-in.’ They may be starting a new company and need help building their business, or they may be new to Atlanta and have been referred to me. They hire me for a couple of months, and I will put them on the map, providing direct access to people they need to know. As you know, they could spend two years, having coffee (meetings), meeting people one by one. Or, they can hire me, and I will plug them directly into the people they need to know, immediately.
TO BE CONTINUED…
Thank you for visiting our blog.
Jim Weber – Managing Partner, ITB Partners
I hope you enjoyed our point of view and would like to receive regular posts directly to your email inbox. Toward this end, put your contact information on my mailing list.
Your feedback helps me continue to publish articles that you want to read. Your input is very important to me so; please leave a comment.