Wednesday 30 June 2010

If Curiosity Killed the Cat, Who Killed Business?

Don't know if any of you watch 'Three in a Bed', a documentary series in which three bed and breakfast owning couples visit each other's establishments and pay what they believe the experience is worth.


At the end of the programme, one couple wins based on how much they get paid in relation to the price they normally charge.

Anyway, the other day there was one couple who did nothing but criticise and look down their noses at everything that was offered them.



On more than one occasion the husband was heard to declare, “I've been in this business for 45 years, and blah, blah, blah.” You'll be delighted to hear that they came last, the other two couples having decided to pay them only 73% of their bill. Ouch!

And as I listened to him, an old phrase came back to me that I haven't thought about for a long time.

“So is that 45 years experience, or one year's experience, repeated 45 times?”

Whenever we think we know our business that well.

Whenever we begin to think there's nothing more to learn.

Whenever we believe that our experience of our business is more important than our customer's.

That's the time to shut up shop and retire to somewhere where we can do no more harm.

One of the industry’s favourite presenters, Tim Fearon has over twenty years of working in results-driven corporate environments. He will be presenting at the FIA Conference on July 14th in Cheltenham.

Tim Fearon, Owner of the Extraordinary Coaching Company

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