Wednesday, 28 February 2018

Navigating the Sales Crisis



The upshot of the abating economic quagmire is dwindling corporate earnings. So, measures must be adopted to rescue the business from imminent collapse. Taking your sales to the next level requires the following purposeful action steps:  
Ø   Positive Attitude: Negative attitude, during conversations, inhibits sales success. Be optimistic and associate with optimistic people.
Ø  Sales Goals: Formulate your sales goals and act on them. Top salespeople often encounter rejection. When you run into obstacles you have to refuse to give up. As Henry Ford once said, “Failure is the opportunity to begin again, more intelligently.” Obstacles are latent opportunities.
Ø  Superior Services: It is an irrefutable fact that the reason most customers do not repeat their purchases is they feel you do not care, or show indifference. Make a list of your top customers, and call one each day, asking,” Is there a way I could serve you better?” It opens the doors of endless possibilities.
Ø  Gain Access: Ask for referrals from great customers; send out helpful information to key prospects. If you can uncover information about the prospect-such as his or her challenges (business or personal)-and then research information and materials that could be useful for that person, it makes a lasting impression.
Ø  Listen More: Most customers prefer salespeople who listen more but talk less. Get them talking about their challenges, goals and interests.
Ø  Follow Through: When you follow up with a call, a thank-you note, it ensures that the customer  feels important and not like he or she has been sold.

Saturday, 3 February 2018

Nepotism and Investment


Investment by firms is a key determinant of future growth and value of the business. This is the reason why shareholders often sacrifice current dividends in return for future capital growth. Workers selected based on family ties rather than merit may lack the requisite skills for investment decisions. Relatives are often less qualified than outside workers because they are selected from a smaller pool of candidates and for reasons that are unrelated to their skill. As a result, they are not adept in  recognising valuable investment opportunities. In addition, they may enjoy protection from being fired when performance is subpar or receive utterly unwarranted  remuneration not commensurate with performance.


Relatives often  often exert minimal effort. And  lenders perceive firms employing family members as riskier thereby reducing the ability to procure external finance for investments. It is pertinent to note that siblings and children have the more damaging effect than spouses and distant relatives. This could be attributed to the fact that directors are often reluctant in delegating real authority to spouses and distant relatives.

The presence of several ties among top managers is detrimental to investment in physical assets and R&D. Nepotism in recruitment does not increase the  value of the firm and private investments in the economy.

Courtesy of BIS

John Holt Plc: Trading At A Hefty Discount

Company Overview JOHNHOLT  which began the business of  distribution and exporting produce  in Lagos in 1897 has grown to a conglomerate ...