Suggested Read: 2 Science-Backed Ways to Politely End a Conversation

Inverse on-line magazine’s article suggests that ending conversations is a classic “coordination problem”, that humans are unable to solve because doing so requires information that they normally keep from each other. As a result, most conversations appear to end when no one wants them to. If you want to be better at ending conversations, you should:

    • Remember conversations don’t end because people don’t know when the other person wants to go.
    • Make your partner feel good about the end of the conversation by “clearly communicating that you had a nice time and would like to talk again.”

Click here to read the full article.

Suggested Read: 11 Lessons for Entrepreneurs From Jeff Bezos’s Tremendous Success

Of the 11 lessons, these are the ones that stand out to us:

  • Make your value exceed your costs
  • Be customer obsessed
  • Fear customers, not competitors
  • Protect your culture
  • Know what kind of decision you’re making
  • Listen to your critics — but not too much

Click here to read the full article.

Suggested Read: How to Survive Your Love-Hate Relationship with Zoom

It’s almost a year, and more than 40 percent of Americans are working from home. Do you really doubt that Zoom calls are going away? Sure, in post-Covid, we may actually use them less frequently than we do now, but it is time to accept the reality of video calls in your work life!

Click here to read the article.

Suggested Read: As Pandemic Fatigue Sets In at Work, Employers Try to Help

It’s eleven months, and we are still struggling with pandemic fatigue and burnout more than ever. Keeping employees engaged and motivated is a challenge and while some companies are utilizing incentives such as gift cards and cash to help support their employees, other companies are focusing on better honest communication from leaders to employees.

Click here to read the article.

Sales 101

This is a starting point that Mike uses frequently to start working with sales teams looking for a fresh approach to selling.

Click here to view.

Using Sales & Cash Flow Data to Make Rational Business Decisions

During this time of Covid-19, Matt and Mike have been working with business owners under financial pressures to turn around their businesses from Covid-19 stressed to post-COVID-19 success. They present this presentation “Using Sales & Cash Flow Data to Make Rational Business Decisions”  to business owners who need to understand the drivers and key performance indicators to grow revenue while stabilizing cash flow

Click here to view the presentation.

Important PPP Loan Information for Small Business Owners

Guidance on the U.S. Government’s Paycheck Protection Program (PPP) is changing almost daily and it’s important for small business owners to be aware of the latest updates and guidance.

See the presentation on the Paycheck Protection Program presented by Michael Gansl, Jack Sullivan, Matt Plociak, Naman Trivedi at Dave Bresler’s Network!Network! Forum on June 10, 2020.

Click Here to Read our Presentation on the PPP.

Who Should You Be Prospecting to?

During this challenging time, businesses can still grow their business and prepare for the future by prospecting and expanding opportunities for new businesses. Check out what we have to say:

To Prospect or Not to Prospect – That is the Question!

In these trying times with COVID-19, many salespeople are wondering if it is a good time to prospect or not. We have been asked this question many times over the past few weeks. Here’s what we have to say:

Conserve Your Cash

As business consultants who have weathered many turbulent times in the past, we’d like to offer what we think is perhaps, the most important financial advice a business owner should adhere to during this Corona Virus crisis.

CASH is always KING, so hoard it as best as you can!  Here’s how:

  1. KNOW how much CASH you have in the bank every day.
  2. KNOW (or at least estimate) how much cash is coming in this week.
  3. DETERMINE – how many weeks (or days) your cash will last without any new cash/collections coming in.
  4. DETERMINE – how many weeks (or days) can your business keep paying its bills WITHOUT any new sales?
  5. DETERMINE what expenses you can cut or delay Today? Tomorrow? Next week?
  6. STAY in touch with all your suppliers, and make sure to pay your most important suppliers some of what you owe them. Tell them when you will pay the rest of what you owe them. Talk to them if you must miss a payment.
  7. ASK for temporary relief from your landlord, credit card companies, and your bank regarding any credit lines or term loans you may have.
  8. TAKE advantage of any local, state, federal loan, SBA or grant programs as soon as possible.
  9. APPLY if you qualify: https://disasterloan.sba.gov/ela/
  10. THINK out of the box for raising money such as GoFundMe, Indiegogo, etc.
  11. EXPECT this environment to continue for at least the next 60, 90, 180 days – have a plan to handle best and worst-case scenarios.
  12. HAVE a plan in place for furloughing or laying off (temporarily) non-essential employees if your county/town/city goes into a “Shelter in Place” (virtually a lockdown) situation. Confer with an Employment Lawyer specialist, your PEO, your paycheck company before you take any action, so you are compliant with all local, state, and federal law.
  13. KEEP communicating with everyone – Have daily conference calls with your employees, your advisors, your spouse, friends, network partners etc. You may have to self-quarantine, but that does not mean you should isolate yourself.

Matt Plociak and Michael Gansl, the Voices of Reason, are available to listen to your issues and be of assistance in any way they can. We are on Zoom, Skype, Microsoft Teams, and cell phones. You can reach them at:

Michael Gansl:
mgansl@voiceofreasonconsulting.com
917-848-6163
Skype: michaelgansl
http://www.linkedin.com/in/michaelgansl

Matt Plociak:
mplociak@voiceofreasonconsulting.com
917-282-0809
https://www.linkedin.com/in/mattplociak/

Podcast: Mind Your Own Business with Mike and Matt