top
top
1-855-284-3722
855-2thesba
Contact

Author Archives: The Small Business Authority


Don’t Lose Customers When Moving Your Business

Relocating your business is a complex process, with a million and one details to take care of. Among other things, you have to contact service providers to discontinue service at the old location and start up at the new one. Then there are changes to your letterhead, stocking up on new business cards, updating contact information on your website. As you pack up old records and everything else you have in storage, one detail nags at you. What is it you’re forgetting?

That’s right—doing everything you can to retain your valued customers before, during and after the move is complete.

Customer retention should be your top priority when the time comes to relocate, but in the rush to take care of everything else, some essential tasks can be overlooked. Now’s a good time to compile a check-list of actions that help ensure you keep existing customers and acquire some new ones, while you’re in the process of moving the business to its new (and hopefully better)  location:

Start letting people know now.

In advance of the actual move date, start communicating to your valued customers and others. There are many communications resources to draw on for this all-important message—every tool you’ve used in the past to alert customers about sales or new products should be tapped for news about your pending move as well:

  • Eye-catching direct mail pieces
  • Email alerts
  • Press releases to local publications
  • Announcements on the home page of your business site
  • Changes to your “About Us” and “Contact Us” web pages
  • Ongoing mentions in your business blog
  • Brief note to accompany your invoices
  • Frequent reminders to your Twitter, Facebook and LinkedIn followers

Every message you distribute about the upcoming move should contain the business’s new address and telephone number, as well as easy-to-understand directions on how to get there.

A couple of options: If you anticipate the move will mean your store is temporarily closed for business, mention this in your communications along with an apology for any customer inconvenience (don’t forget to include your actual opening date!). Also, if the relocation is due to an expansion, thank everyone you contact for their valuable support and reaffirm your commitment to serving them in even better ways at the new location.

Update your online and community listings.

Make sure search engines accurately reflect the change in your business address. Update listings on Yelp, Trip Advisor, Google + and all other sites that include your location.

Get in touch with your local Chamber of Commerce and other business networking groups. Ask them to include a brief announcement about the move in their neighborhood newsletters.

Consider a grand opening event.

You don’t want a momentous occasion like this to take place in a vacuum. Hosting a grand opening (or grand re-opening) is a great way to stir up excitement among your customer base, as well as a good reason to get in touch with former customers.  Plan a gala event with entertainment and refreshments. Think about special discounts or giveaways that add more sizzle to the event.

Issue a press release about the grand opening to local TV and radio outlets. You never know when you might attract some media attention, combining free publicity with the possibility of drawing even bigger crowds to your event.

Relocating your business is a big deal. If you do things right, it’s also a fantastic, once-in-a-lifetime marketing opportunity.

7 Ways to Make Customers Come Back

Good customer service turns one-time customers into loyal fans and increases the likelihood they’ll brag about you to their friends. This word-of-mouth advertising ranks among the most effective, yet elusive forms of promotion. Beyond satisfied customers contributing to your overall success, superb customer service prevents unhappy customers from spreading word of their displeasure.

Turn your patrons into your company’s biggest fans with these seven easy tips:

Greater Hudson Bank Signs Partnership with Newtek

Greater Hudson Bank, with locations throughout the Hudson Valley, and over $300 million in assets, has agreed to partner with Newtek Business Services, Inc. The goal is to finance independently-owned and operated businesses in the marketplace with small business loans that range from $50,000 to $5 million to continue to help the local economy grow and create jobs.

Greater Hudson Bank is committed to helping small businesses grow and prosper throughout the Hudson Valley,” stated Basel Rabie, SVP, Retail Banking Officer. “We are excited to partner with Newtek as we feel this partnership will allow us to provide even more options to assist and support our local business clients, especially during these tough economic times. Our goal is to be the Banking Choice in the area and offer services that our customers need and benefit from,” Rabie further stated.

The SBA Sees the Sense/Cents in THIS SBA’s Product

Yeah, we know, there are two of us. Well, sort of. There’s the Small Business Administration and then there’s Newtek, The Small Business Authority. At Newtek, we are known to provide innovative and affordable products designed to improve the experience of small business owners across the country and the world.

This morning, the Small Business Administration published an insightful blog touting the benefits of tablet-based POS systems. And they’re right on point. For many small business owners, you cannot beat the savings or the versatility.

URGENT: Security Advisory for All Internet Explorer 8 Users

The FBI has issued a high-level security advisory regarding a Microsoft’s Internet Explorer 8 (IE8) vulnerability that could allow cybercriminals to hijack users’ computers, remotely. Again, this is considered an extremely high-risk issue and the Better Business Bureau (BBB) is providing a sequence of cautionary measures that may be taken by IE8 users to protect themselves and their machines from dangerous criminal conspirators.

To read more about this urgent security matter, and to access the link to the BBB’s list of recommended security steps to protect IE8, click here.

How to Get Your Press Release Noticed

There’s an art to writing a press release, but you don’t have to be a veteran journalist to pull it off. The key is understanding who your audience is and crafting a document that’s compelling, informative and easily understood. When it’s done right, there’s no better resource for promoting your business—and for the most part, it’s free.

Here are tips for getting your press release noticed and distributed:

LEADERSHIP: Indispensible and Misunderstood

Like you, I grew up learning from those nearest to me. As we approached adulthood, each of us developed a value system to steer our own special course through life. Experience and knowledge followed, and before long, circumstances placed us in a unique position from which others could benefit from our abilities.

So, what is this “unique position”? For most it is defined as management; and for a very few, it is known as leadership. Often, and mistakenly, managers and leaders are each thought to define the other: a good manager is necessarily an effective leader; a successful leader has mastered the art of management. Perhaps not so. To proceed, let’s start with the skill set you understand best: management.

Newtek Reports 43% Increase In First Quarter 2013 Net Income

Today, Newtek reported its financial results for the quarter ended March 31, 2013.

First Quarter 2013 Consolidated Highlights:

  • Consolidated pretax income was $2.2 million; an increase of $569 thousand, or 34.8%, from $1.6 million in the first quarter of 2012.
  • Net income attributable to Newtek Business Services, Inc. was $1.5 million; an increase of $433 thousand, or 42.5%, from $1.0 million in the first quarter of 2012.
  • Modified EBITDA was $4.4 million; an increase of $1.3 million, or 41.9%, from $3.1 million in the first quarter of 2012.
  • Diluted earnings per share (“EPS”) were $0.04, a 33.3% increase over $0.03 per share in the first quarter of 2012.

A Net Loss For Small Businesses

The Senate will vote today to pass the Marketplace Fairness Act, an Internet sales tax bill. If this bill passes, online retailers will be required to collect sales taxes for the state where they ship goods. Previously, stores were only required to collect sales tax on goods shipped to states where they have a physical presence, however now state governments would obtain the ability to collect an Internet sales tax from businesses headquartered outside of their respective state borders.

Sabotaging Your Hunt for Job Candidates?

You post a notice for an open position on one or more hiring websites, sit back and await the torrent of applications. But after sifting through what seems like an endless sea of resumes, you can’t find any that meet your hiring needs. What’s going on?

One problem may be the job posting itself. You may not realize it, but the most savvy job candidates (the people you’d probably most like to hire) draw several conclusions just by reading your online advertisement. They may decide to apply (or not apply) based on what they learn from the posting. Or the actual application process is too difficult and time-consuming for them to bother.





Top