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We tend to think of business as
impersonal, but business is built on people; networks of colleagues, vendors and
clients. Over time, no matter who we are, we build a reputation that makes
or breaks us. It reinforces or undermines everything we say, influencing
every transaction.
Reputations may seem amorphous, but
they are built on simple, actions that create a foundation of trust. The
basis of these actions is ethical. If you have a strong ethical sense, it
will serve you well. Knowing what you will - and will not - do
helps. Regardless of philosophy, there are ways to build a foundation.
Know your limits: Be honest
about what you can and cannot do. Everyone wants to grow their client
base but we only cause problems by promising more than we can
deliver. Don't try to be all things to all people. Develop a
niche and stick to it.
Be honest about you niche: If
a potential client wants something that is going to require a lot of extra
work from both people, say so. Tell the client it may not work or that
he may have to do more than he had originally thought.
In this regard, beware of these
traps:
- The enthusiasm of a client that
leads you out of your niche.
- Wanting to help someone you
can't.
- Being tempted by challenges.
Learn to recognize these pitfalls and
avoid them. It's better to catch long-shots, insurmountable difficulties
and impossible situations early than try to stretch everyone to the
limit. Trying to make a bad situation work through the sheer force of
will can be a humbling lesson - at best.
Have a referral base: If a client
doesn't fall within your field of expertise, refer him or her to someone
better suited. You may lose that particular client, but you have still
helped the person, even if it's twice removed. Since people do swap
names of trustworthy people, they are likely to tell their friends about you.
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Network to develop relationships with
people in other niches of your field. Learn what they can and cannot
do. Find out what their reputation is. That way, when you make a
referral, you can be sure the client is in good hands.
In a power-partnership, business people
in other niches also will refer the business they can't handle to you. You
will end up with more clients as a result not only of your reputation but your
contacts.
Do what you say you'll do, when you
say you'll do it: In today's busy world, we're all swamped.
Coming through on time is one of the best ways to build a reputation for
professionalism. People who realize you are reliable will trust you when
you say something can be done by a certain date. Over the years, that
makes all transactions easier.
This is especially true in service
industries such as real estate, medical, or marketing that rely on knowledge as
much as product. In these fields especially, your expertise may be superb,
but if you don't follow through on time it won't matter how great you are.
Use the 24-hour rule: Return calls and
voice mail within 24 hours. Conventional wisdom says an efficient person
never touches a piece of paper twice because the person acts on it
immediately. Save yourself time and energy by doing as much as you can
today. Look like you are on top of situations because you are.
Conversely, if you can't keep an appointment, have the courtesy to give the
person 24 hours' notice.
Make good: If something does go wrong,
ask what you can do to fix it. Make sure you understand what the client wants
by repeating what is said. Sometimes repeating it will also bring clarity
to the person himself. At other times all the person wants is to be
heard. Once he's had his say, that's all he really needs. Listen
carefully to find out what the person really wants.
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If at all possible, do it. You may
lose money or time but it will be worth it. It will turn the situation
around and the person will respect you for being able to fix a touchy situation.
Be fiscally responsible: Business
people are generally wary of trashing others, no matter how questionable their
reputation. Instead, they will be lukewarm in their praise, which allows
everyone to read between the lines and draw his or her own conclusions.
There is one exception to that rule,
however. Being slow on payment or not paying at all opens the
floodgates. If you stiff a vendor for services rendered, all bets are
off. The word will get around. Being a scofflaw gives everyone license to
say everything they've ever thought.
Making good on satisfactory services
rendered is part of an implied contract. Small businesses usually can't
pass the cost of bad debts to customers. Yet non payments often have a
serious impact on small vendors or service providers.
A Japanese proverb says that the
reputation of a thousand years may be determined by the conduct of one
hour. Once lost, you may never win a reputation back, no matter how hard
you try.
Luckily, building and keeping a
reputation is easy whether you base you professionalism on a strong ethical
system - or a few common-sense rules.
A senior loan officer with Comstock Mortgage, Troy Bird can be reached at (916) 974-2900 ext. 234.
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