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  September 2009   

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Chief Executive Boards International Update

O'Neil & Associates, Inc.
Named to Inc. 5000 Fastest Growing

O'Neil & Associates, Inc. owned by CEBI Member
Bob Heilman and partners, has been listed by 
Inc. Magazine in its annual ranking of the 5000 Fastest Growing Private Companies in America.  The Inc. 5000 list is comprised of U.S.-based and privately held companies with the best earnings growth from 2005 through 2008.  This year’s list includes such companies as Visio, Zipcar and GoDaddy.

O'Neil & Associates, founded in 1947 as an engineering and development firm, is a global leader in the development of product support documentation and information solutions.  They specialize in content development, open architecture solutions, Interactive Electronic Technical Manuals (IETMs), e-learning, and content management systems. 

Prior to becoming an employee-owned company through an ESOP and stock purchase by Bob and other key managers, O'Neil was owned by CEBI Member John Staten, currently Chairman of the O'Neil Board.   

Congratulations to Bob, John and the O'Neil & Associates team for this prestigious recognition.  
Link to Press Release

Ed Note:  O'Neil & Associates is one of several CEBI Member companies to be named to the Inc. 5000.  Coincidence?  


The Frugality Horse Has Left the Barn 

For several months now, business owners -- both CEBI members and non-members -- have been talking about upturns in quotes, orders, revenues and profitability.  During that same time period, I've also heard people say, "There are no economic fundamentals to support the stock market rally." 

Apparently those folks weren't paying attention, and some still aren't.  The stock market's uncanny ability to price the future has again prevailed.  

 A friend of mine says, "You can't save your way to success."  He's right -- you can't take advantage of an upturn if you're stuck in cost-reduction mode. If you're behind the curve, it's time to switch horses.  

Whether you agree with this premise or not, and particularly if you don't, you may find some provocative challenges to your assumptions in this article...


Own the High Ground in Sales Relationships 

Every army wants to own the high ground on the battlefield. On the competitive battlefield, you want to own the high ground as well, don't you? How many times in your career have you lost an order because:
  • There was a surprise decision-maker lurking in the background?
  • Your competition got to a higher rung on the prospect's organizational ladder than you did?
  • Your champion in the prospect company got fired, and you were out in the cold?
  • Your champion in the prospect company got promoted or moved, and you were out in the cold?

Here's a proven strategy to keep that from happening.....


Want Your Prospects to Remember You?
-- Make them Smarter

You called on a prospect 6 weeks ago.  At the time she didn't need (or think she needed) your product or service.  If she decides she needs you next week, she'll remember you, right?  Perhaps not.  

Customers have very short memories, and prospects' memories are even shorter.  Especially now, when your still-surviving competitors are out trolling for business and poaching your accounts.  Memory is FIFO -- First in, First Out.  If your competitor made the most recent impression, he will probably get that call.  

So how can you stay at the front of your prospects' and customers' minds?  Give them something for free with your logo on it.  No, not a ballpoint pen, keychain or  ball cap -- some knowledge.  Think about it -- which would you rather have, a ball cap or an idea that's useful in your business?  

Here's a simple, clever way to make your customers smarter (at almost no expense to you).....


Creating Raving Fans 

Loyal customers keep coming back.  Raving fans bring others with them.   Which would you prefer?  In the scramble for market share as the economy improves, raving fans are more valuable than ever.  

Creating raving fans is not easy -- fewer than 5% of most companies' customers qualify.  Many organizations spend most of their customer satisfaction efforts and metrics on measuring the outcome of their product or service delivery.   

Raving fans, however, need not only outcomes that exceed their expectations, but also an experience that consistently exceeds their expectations.   More.....


It's Time to Register for the Fall Summit

It's not too soon to register with both CEBI and the Wyndham Peachtree Conference Center for the Fall 2009 Executive Summit.   

You'll want to arrive in Peachtree City, GA (Gateway airport = Atlanta) on Wednesday, November 18.  It's worth arriving early for an optional facility tour of "the Source" showroom and training center at Cooper Lighting at 3:30.  We'll have a welcome reception at the Wyndham at 6 pm followed by dinner at 7.  The Summit will start with breakfast Thursday morning and an opening session at 8:30 am.  

We have some great Executive Briefings being prepared by CEBI members, plus an all-member Forum on Friday afternoon.  Plan on return flights that depart on Friday from Atlanta at 5:30 or later.


And, as always, we're interested in your ideas for newsletter articles.  Would you perhaps write a guest Editorial?  Please let us know if you have ideas or material you'd be willing to share with others.

Thanks,  
  

Terry Weaver
CEO
Chief Executive Boards International
TerryWeaver@ChiefExecutiveBoards.com
864 527-5917
www.chiefexecutiveboards.com

www.chiefexecutiveblog.com

 

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It's Time to Look at Your 401(k) Strategy 

Who is getting the most return from your 401(k) plan --your participants or your plan fiduciary?   Hidden fees are killing a surprising number of small companies' 401(k) returns  -- by a haircut of 3% or more in annual fund performance.  Here's a CEBI Alert on how to find and fix that problem.....

Most 401(k) plans operate on a calendar year basis.  Changes in plan provisions or Safe Harbor elections need to be made at least 30 days before the plan year begins.  

You have some time to adjust your 401(k) strategy for 2010, but not a whole lot.  Have a look at some ideas you might consider.....


Working Harder - A Sustainable Strategy?

I've heard an amazing number of people recently say, "I just can't leave my business for one day right now."  Really?  Of the 250 business days in a year, you believe not being there for one of them, doing the same things you've been doing, will hurt?  

Or would it be better to spend one (or two or ten) of those 250 days elsewhere, getting yourself and your playbook recharged?  

Actually, there's an underlying guilt in some people's minds when they're not at the office.  They're asking for extra effort from everyone else, and somehow feel a day away working on the business doesn't look as good as that same day working in the business.  Consider 4 ways your time might be better spent...


Want Better New Hires?  Measure Attention to Detail 

There aren't many jobs where "letting things fall through the crack" is a success principle.  One CEBI member believes that attention to detail is the key success factor in every job in his company, and he's learned how to measure it.  

For about 15 bucks, you can screen applicants for this important personal attribute, which many believe can't be taught -- it's either part of the person's nature or it's not.  

Find out how.....


Nominate a Member

CEBI membership has grown at a record pace over the past year, in part due to CEBI members nominating friends & associates as new members.  

Additionally, we've had multiple members nominate identified successors or purchasers of their businesses.  

Do you have an acquaintance who could benefit from membership in Chief Executive Boards International?   If you need an email to share with a friend, try these "talking points"  

Use this Nomination Form

Chief Executive Boards International is an exclusive group of business owners, presidents and CEOs whose members are committed to helping each other achieve both their business goals and their life goals.  We meet regularly as a confidential, collaborative advisory board to help each other become more focused, effective and strategic.  The result?  More fulfillment.  More free time.  More profit. 

Are you a CEO, President, Business Owner or GM of a profit center?   You may qualify as a CEBI member.  
Request more information

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