Wemmers Consulting Group
Wemmers Consulting Group Newsletter
April 2009
In This Issue
:: Generation Y Customers
:: Customized Programs
:: More Business Loan Competition
:: Employee Productivity and Recognition
:: Funnies
ABA Logo Small or large businesses are facing more difficult challenges than ever before but don't be totally discouraged. It has been proven that many business owners will crawl into their fox holes and wait for the battle to end. This is a GREAT time for you who wants to become more profitable and work less in the future.
 
Do your homework, plan your strategic attack and take your competitors BEST customers. It will be easier than you think. And if you are uncertain, hire a business growth coach for a couple of months and capitalize on their experience. It will be the best investment you have made in a long time and NOW is the time to do this!
 
Generation Y Customers/Prospects Need Special Attention
 
ABA Logo The Generation Y segment of our population may be the most educated group in the US population but surveys show they are for the most part "incredibly financial services illiterate." Ask some of them to tell you their credit card's interest rate or how a mortgage works. This is an opportunity for community banks.
 
Security Savings Bank in Henderson, NV had mostly senior citizen customers and wanted to change that to more Gen Yers. They launched a new section to their web site - "Join the Conversations!" There are links to Facebook and Kudzu. When followed, there are open, two-way discussions on banking subjects and bank customer testimonials. Through these links the bank is embracing the type of two-way conversation Gen Yers like.
 
 
Customized Programs for Your Company

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Key Note Speaker

Strategic Planning Retreats
* Know who your key "drivers" are.
* Install accountability for all team members.
* Focus on change and differentiation.
* Strategic Plans without operational change are
   just new budgets.


Motivational Talks
Strategic planning results in quick time.
New Sales culture - new profit in 60 days!

Empower and motivate employees to sell more!

 
More Business Loan Competition

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Small businesses unable to get loans from banks are turning to credit unions. About 27% of the 8,147 credit unions in the U.S. offer business loans.  The amount of credit union business loans went up by 18% in 2008 to almost $33 billion. While federal law prevents the amount of business loans credit unions can make to 12.25% of assets, which still leaves a lot of growth opportunity for many credit unions. Wall Street Journal  March 09
 
Employee Productivity and Recognition

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A new study verifies American business has a very high number of 'disengaged' workers - above 70%. This is alarmingly high and very costly to employers. Low-engaged employees can significantly affect operating income, net income and earnings per share says Towers Perrin. One of the solutions is to publicly recognize employee achievements. When done correctly employee recognition consistently and frequently is the tipping point between willing and engaged employees.  CEO Magazine  Feb 09
 
Funnies

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Today's Revised Definitions:

Bull Market - A random market movement causing an investor to mistake himself for a financial genius.

Bear Market - A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets nothing.

Financial Planner - A guy whose phone has been disconnected.

Value Investing - The art of buying low and selling lower.
 
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Contact Information:

Rick Wemmers
4955 Olde Towne Way, Suite 300
Marietta, GA 30068

770.565.8727
rick@wemmers.com