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To boost revenue, change your sales compensation plan

The New Year always brings new hope. 2008 was rough for many companies, and the cost-cutting will continue well into 2009. While cost-cutting is necessary for many companies, don’t focus all your efforts on cost-cutting: Renew your efforts to grow (or maintain) the top line. How do you accomplish this in a recession? If you’re [...]

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During tough economic times, over communicate with your customers

Jack Welsh, the former CEO of General Electric, recently delivered some good advice about business strategy during this economic tsunami.  You can check out the 4 minute video if you wish, but I’ll paraphrase Welch’s 3 points as follows: Over communicate to every employee.  In uncertain times, reassure employees of management’s plan to win. Take care [...]

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How to identify potential strategic partners

If you’re looking for new ways to grow your revenue, think about finding good strategic partners.   The Wall Street Journal’s Christina Cheddar-Berk wrote a great case study of Greg Butterfield, the CEO of Altiris, a software company in Lindon, Utah. Greg took Altiris from $1 million in revenue in 1999 to $187 million in 2005 (and [...]

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How to implement "The Long Tail"

If you’ve read Chris Anderson’s The Long Tail: Why the Future of Business Is Selling Less of More, you’re probably thinking about ways to implement his recommendations in your business.  This post by Guy Kawasaki, The Wrong Tail:  A Checklist for Long-Tail Implementations, is a great place to start. And if you haven’t read The [...]

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How to write an executive summary

I’m catching up on my reading and came across this great post by Guy Kawasaki.  He’s a managing director of Garage Technology Ventures, an early-stage venture capital firm and a columnist for Forbes.com.  He’s also written eight books including The Art of the Start, Rules for Revolutionaries, How to Drive Your Competition Crazy, Selling the [...]

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