April 2010· Excerpt Edition Event Calendar Forward to a Friend Contact Us
Tips from the Top
The Alternative Board - Change Perspective. Improve Business. Enjoy Life.
 
 
 
Sitterly

Ed Riefenstahl, Facilitator, TAB Fort Worth

 
www.tabfortworth.com
 
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TAB Fort Worth Anniversaries & New Members 

March/April Anniv.

John Brancato - 501
Jennifer Carter - 401
David Diesslin - at Large
Jon Pastusek - 401
Shelley Plemons - at Large
 
New Members
  
Jamie Brown - 401
Randy Ferrari - 501
Marc Meadows - 501 
 
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Inside this Issue
Double or Nothing
Keep Meetings on Track and on Time
Candid Input of Professionals
The Drain of Turnover
Weeding Out the Potential Hires
Offer your Customers a Credit Alternative
TAB Tips - Fort Worth Business Press
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Hear How We Help Our Members
Watch Video
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Event Details
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Attend Business Bites Lunch 'N Learn - 
4/7/2010 
 
Please plan to join us for "Double or Nothing" on Wednesday, April 7
 2010, at 11:45 AM at the offices of Shannon, Gracey, Ratliff & Miller, LLP, 777 Main Street, Suite 3800, Fort Worth, TX 76102.

Presented by Fred Herbert
 
Register here - only a few days left to register
 
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Watch for Upcoming Events
 
 
5/5 - "OPPORTUNITY Unstuck! Unlock Your Right Time, Right Place, and Right Opportunity" - Tom Sheives
 
5/14 - TAB DFW Workshop featuring Harvey Rosenblum, EVP, Federal Bank of Dallas
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Schedule a TAB Speaker for your Organization
The Alternative Board (TAB) of Fort Worth possesses a Speakers Bureau comprised of individuals from various companies and industries.  The range of topics is varied (finance, the environment, new technologies - such as LinkedIn business network, ethics, energy efficiency, and small business management, to name a few).
 

Click here for a list of topics.
 
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Connect with LinkedIn
LinkedIn Classes
 
4/21 Profiles Plus

4/30 Sales & Marketing Register here. 

Click here - Integrated Alliances LinkedIn training and Social Media strategy

 
Read LinkedIn Testimonials
Read Kimberly May's testimonial of sales gained from LinkedIn
 
Read Charlie Gonsalves' testimonial on how he plans to use LinkedIn to establish a client base
 
 
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TAB in The News
For a full listing of press hits, please visit our In the News page.


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Now Available: Click on the above book cover to order your copy of The Wall Street Journal business book best-seller the 9 Elements of Family Business Success by Allen E. Fishman, Founder and Chairman of The Alternative Board®.
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TAB Fort Worth Business Bites Lunch 'N Learn
Double or Nothing
Learn what you can do today to double the value of your business 

   AtkinsonA few days left to register for this free event - limited seating

Please plan to join us on Wednesday, April 7, 2010, at 11:45 AM at the offices of Shannon, Gracey, Ratliff & Miller, LLP.

Our speaker is Fred Herbert, author of Double or Nothing and Business Consultant specializing in "Building Business Value."
 
Register Here.   /   More details.    /  Free parking & lunch provided
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Keep Meetings on Track - and on Time!
Fellow managers are turned off and lose focus and energy when a peer wanders off topic in team meetings.
We have adapted a practice that helps wandering speakers return to the point.
 
Any member of the team can state a pre-selected word that would seldom be used in a business setting - such as "windmill" or "ramble". The speaker will not mistake it for a polite interruption and will understand that it is a constructive hint to get back on track.
 
Our agenda now contains budgeted time for each topic. If we approach the assigned time for the topic, someone will interrupt and ask another team member, "what do you think about this?" or state that "we are nearing our allocated time limit; what action do you want us to take?"
 
No one is offended, and meetings always stay on time.

Nora Holzwart, NEP, Appleton, WI
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Member Highlight
Candid Input of Professionals
Michael UnellPresident, Tryton Project Services

Michael UnellTAB has been a vital resource to enhance and facilitate Tryton Project Services's growth.  Building strong relationships of honesty and integrity have paved the way for Tryton as a newer company.   TAB recognizes the unmatched value of people.  Michael states "the collective experience in the room equips us with the experience of some of Fort Worth's bright minds to face our company's challenges head on."

"The entrepreneurial capacity and knowledge of Ed, the TAB Facilitator, as well as the members, have been a great asset to any small business owner" according to Michael. 
Allowing for open forum discussions has opened the door to new clients and business partners while providing objective views for better business acumen and practices internally.
TAB has also challenged Tryton to strain for the successes ahead with accountability and encouragement in every meeting.  As the company strives to diversify its project portfolio, the candid input of professionals across many industries has allowed Tryton to have a deeper understanding of their different clients' needs. 


Tryton Project Services is a Commercial General Contracting and Construction Management firm specializing in commercial office, retail and specialty build out, renovation and remodeling projects throughout North Texas. Tryton has built their reputation by providing its clients with custom services not common in the commercial market. Their team provides clients with customizable electronic sketches of the floor plan, detailed line item cost estimates, project schedules, daily field reports, photo documentation of the project and more.

"The quality of workmanship you provided was exceeded only by your personal communication and thorough updates on the project itself, making the out of state business to business efforts seamless.  In addition, the communications and adaptability of your firm added great value to the overall project, in making those quick transitions in work orders, allowing our group the flexibility to truly create the offices we desired, with the confidence in your group not to sacrifice quality or time in our already aggressive schedule."  Tommie Joe, PCS, Los Angeles

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Q/A The Workplace Doctor™
The Drain of Turnover
Sitterly
Turnover is a given in any business and some turnover is preventable.  Turnover costs--which include training, interviewing and selecting, advertising, recruiting and lost productivity--drain thousands of much needed dollars. Hiring the wrong person can cost hundreds of thousands depending on the job, how long vacant and how much damage.

Rehiring requires repairing damage, maintaining morale and minimizing lost productivity--testing an employer's credibility and reputation.
 
A busy owner who lacks the patience, time and attention that hiring right requires will somehow make the time for damage control later.  Prevention is always better than correction, in people as well as products.

Examine applicants' interpersonal and management skills carefully. No amount of technical savvy can compensate for a bad hire's impact on coworkers, a company and its owners.
 
Copyright 2009, Dr. Connie Sitterly, "The Workplace Doctor™" President, Sittcom, Inc., Management Training Specialists.  Connie is an international speaker, trainer, executive coach, author, management consultant.  You may reach her by phone 817.737.2893Connie's email  /  Visit Connie's website
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Weeding Out the Potential Hires

When you encounter a resume worthy of your response, send an e-mail to the potential new hire with a situational question for them to answer. A large percentage of people will not respond. As a result, you can weed them out as being poor with correspondence, persistence or interest.

In addition, their answer - if you receive one - will give you an idea of their creativity, their writing style, their ability to communicate and their interest in the job.
 
Mary Ann Holloway, Comprehensive Business Consulting & Training, Ronkonkoma, NY
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Offer your Customers a Credit Alternative
Obtain credit card information to hold on file to use as a payment option. You can let your customers know that as long as the payment terms of your invoice are met, you will not use the credit card and payments will be processed only after you have contacted the customer first.
 
Providing your customers with an additional option of using a credit card can significantly improve your cash collections and, at the same time, improve your relationship with these customers by reducing the stress associated with collecting a past due account.
 
We find that including the credit card option along with providing timely billings, discounts for terms of Net 15 or less, upfront deposits of 50 percent or less combined with extended terms for the balance and providing monthly customer statements can significantly improve your cash collections.
 
Charles Gilbert, The Alexander Group Ventures, Inc., Webster Grove, MO
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Atkinson
 
TAB Tips Published in the Fort Worth Business Press
 
 

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Touted as the most valuable and beneficial business advisory organization in the world, The Alternative Board® (TAB) has been featured in leading business news sources from the Wall Street Journal, Business Week, the Washington Post, CNN and many others.  
 
The essential and critical counsel and value The Alternative Board® consistently delivers to small and medium size businesses, and the immediate impact it brings to its client organizations is an essential element for any organization that intends to thrive.

ABOUT THE ALTERNATIVE BOARD®
The Alternative Board® is comprised of members who are business owners, CEOs or presidents who run businesses in non-competing fields. During a TAB Board meeting, you receive the benefit of the collective experience of the board members, who offer practical solutions to your problems-not theories.

You can learn more about TAB, which has been helping business owners succeed since 1990, by visiting TheAlternativeBoard.com