November 2015 - Vol 10, Issue 11
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Ch...ch..changes...
Stimson Group Updates
Lots of exciting things going - it's hard to know where to start. OK, here's one: My business website, trstimson.com has just undergone a complete renovation. I mean, HUGE. I am very excited about it. Not only does it incorporate all the value and outcome-based messages I encourage you to use on your websites, it looks and functions at best-in-class levels. 

Give it a spin. There's a lot to discover. Besides, don't you want to know what "Burn the Ships" is all about?


There are a couple of website features I hope you won't overlook. On the Contact page you will find a handy tool to schedule an introductory call with me. We can talk about your ideas, needs, or challenges and learn more about how I advise business owners and their teams towards better results. And in the Store is a new video product titled, Closing the Deal Without Negotiating Price. 

Let me introduce my new book, Learning to Expect Better: Incremental Lessons. It's available as a free download when you signup for my new upcoming newsletter, Intentional Success: featuring weekly bite-sized doses of business advice, video tutorials, and fresh ideas designed to keep you focused on your Intentional Results. 

Plus there are new videos, products, and a business blog. Like I said, big changes and lots to explore.

AV Matters Updates
While my consulting practice is getting a full service makeover, we haven't forgotten AV Matters. With the re-launch of trstimson.com, AV Matters content will be more focused on the business of AV, Live Events, and Systems' Integration. 

We have added new sponsors as you can see on your left. Please take a moment to say 'hi' to them by visiting their websites and learning more. Over the next few months we will feature each in the Sponsor Profile segment.

AV Matters is still a labor of love, but sponsor funding allows us to defray some of the costs and offer a little bit more content each year.

Finally, AV Matters is now on Facebook. Hard to believe we weren't there before, but now it will be easier than ever to stay up on AVM content, see what our sponsors, friends, and followers are up to. And please, share with your friends and colleagues.

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Register now for either session: Nov 22 or Dec 3rd

Does your company struggle with peaks and valleys in its schedule? Is your team too involved in projects to focus on new business, or is it the other way around? Are there skill sets or services your clients need, but you can't provide?

The great folks at ALMO Pro AV have asked Tom Stimson to share his wisdom on working with third-party providers to grow revenue and increase profit.

Leveraging Outside Workforce for Profit and Growth will explore the importance of outsourcing in a scalable Integration dealer model and how to adjust process flow to allow third-party services to become a highly profitable part of your business.

Did you miss last month's webinar, "What is a Healthy Company?" or maybe someone you know needs to see it? It's chocked full of some of Tom Stimson's best advice to AV company Owners and Management on how to consistently grow while remaining profitable. Check out all the archived webinars here.

Bonus Blog Post: Crossing Growth Plateaus
Growth is not linear. Profit is not one for one. Life is uncertain. This is why small companies stagnate. As small businesses grow, owners continually encounter new challenges. Some are solved by getting the next sale: cash flow, paying the bills, payroll - things that represent survival. Other problems can only solved by taking on more [...]...»


Thanks for Reading!

Tom

214-553-7077 direct

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bestpracticesSponsor Profile

Nationwide Video is the Platinum Sponsor for AV Matters newsletter and website. Their support makes these resources possible and we here at AV Matters can't thank them enough for their support. Tom Stimson had a chance to catch up with Bret Tracey, President of Nationwide Video, at his company's booth at LDI in Las Vegas last month.

Tom Stimson: I can't imagine that anyone isn't aware of who Nationwide is, but just in case.
What do you guys do?

Bret Tracey: Nationwide Video rents commercial-grade audio, video, lighting and LED equipment to professional rental staging event companies to supplement their inventory - sensibly, affordably and freight free.
A very cool part of what we do is that we often get to be the "AV SEALS of the industry" for our clients. We operate behind the scenes, in emergent situations, when clients are in a jam - we're there to support them. The "under the radar" approach is critical for the trust we've built with our rental staging clients - we want them to be successful and exceed their clients' vision.

Tom: What makes you so successful? Why do customers keep coming back?

Bret: We really do put our Pro AV staging clients' needs first, and we've earned their trust by performing consistently over 16 years.

Tom: That long? No wonder we look old. So, what's different about what you do?

Bret: Overall, our target on behalf of our clients is maximized uptime and getting what you pay for from Nationwide Video in terms of peace of mind and solid value. We aren't just shipping a box. We commit to high-performance gear and operation - gear that's quality controlled before and after every rental. Clean gear arrives banded, palletized and shrink-wrapped, demonstrating our attention to detail in supporting the success of our clients.
Additionally, those steps provide a visible sign and assurance to the end-client on show-site that their staging company has given care and thought to deliver on the vision for the event. Furthermore, uniquely designed and detailed cases help the professionals in the field, on show-site, validate very quickly that all the pieces of gear have arrived in full. This allows for efficient set, use and strike, saving time which converts to increased margins for our clients, as well as extremely minimizing missing pieces of gear and the potential billing for that gear.

Bret and Tom at LDI 2015
Tom: What does an ideal customer look like? 

Bret: Our ideal customer is vested in their company and technology. They own gear so they "get it" and they're all in. Commitment like that drives innovation.
It's also important that we both see value in the same things such as being like-minded in our approach to supporting clients - us to them, them to their end-clients, all done ethically to establish ongoing relationships. It's important that we are on the same page.

Tom: Tell us how you see the marketplace evolving and how that affects demand for your services.

Bret: We see a bright future, but we're also very aware of the current challenges and we work toward solutions that are sustainable. However, we're also seeing downward market pressure and increased competition which drives change. This isn't surprising, but makes it all the more important for Nationwide to maintain our quality, integrity, and consistency.

Tom: What's something that you will stay true to in spite of market changes?

Bret: A couple things: We've offered freight-free shipping for 16 years. We also respect the layers of our industry, and this has continued to serve us well.

Tom: It's always exciting to see what you have added to their inventory and hear the inside scoop of what technologies live event companies are sourcing these days. What are the most interesting technology trends that will affect your customers in the next several years?

Bret: We're seeing a trend toward in-house software and server development. We'll need to carefully consider how this affects subrenting supplemental servers.
In the near future, laser projection and 4K display technology will be on the rise. We'll see the industry looking at ways to incorporate this technology with the right content. Projection mapping is also growing as a tool for communicating and engaging audiences. We'll start to see additional technology and products surface in support of mapping and enhancing the end-result.

Tom: What is something your company can do or provide that surprises new customers?

Bret: When prospective clients call us initially, it's because they've had different experiences elsewhere - and they're looking for solutions, not just gear. They've heard about our reputation for gear depth and diversification, detailed service and quality across the organization. We work with them to earn the opportunity to do what we do - every process internally is about them first.
I think the realization occurs upon completion of an order or two with us that the "traditional wholesale box house perception" couldn't be further from the truth today when it comes to working with our team. We understand where our clients are coming from, and why we've been chosen to work for them. We provide customized solutions that relieve pain points relentlessly.
Our clients know they can come to us to get elite products and service, at clear, understandable rental rates that make smart business sense.

FREE Video
Presents
 
Capturing and Using Data

How do you know what data is important? Where do you find it? In this installment of Around the Table with Tom Stimson, our panel of CEOs talk about enterprise systems, reporting, and their philosophies of data management. In his wrap-up, Tom Stimson shares his thoughts on how to make your data meaningful for your business.

"Too much data can be debilitating. Data that is important is enough." - Murray Lapides, AVFX

Don't get caught in the "Business as Usual" trap. Make this video a priority now.
 
Click on the image below to access the full video. A free AV-Matters login is required.  

 
bestpracticesBest Practices Blog


There are two kinds of top achievers. There are the ones that can focus on the ultimate goal and everything falls into place behind it. Picture the star football player that sets his sight on The Super Bowl. Everyday he reminds himself what all the effort is for, knowing that the pain will lead to the goal. Then there is the rest of us that want to do something better everyday knowing that the amalgamation of continual effort will deliver the desired results. In an athlete, this is the football player that puts all his energy into fundamental techniques knowing that only a master will make it to the big game.

Both approaches work. Both require continual technical improvement with unrelenting effort. 99.9% of us can't pull it off because we are not superhuman. We need structure, training, and small successes. I like to call it, Improving the Odds.

I am a fairly average martial artist. Over the past dozen years or so I have overcome my fears, physical limitations, and intense competition to survive class, tournaments, and sparring sessions with really good practitioners. I'll never be great, but I have survived because I work on improving my odds of success. I won't bore you with lots of training stories other than to say that my mentors have taught me simple lessons that have paid off over time. Earning a Black Belt - as many instructors will tell you - is an acknowledgment that you have mastered the fundamentals. The real learning comes once you join the ranks of other black belts, who teach you the secrets on how to leverage fundamental techniques for extraordinary results. These lessons are what defines the martial artist, and you can recognize how each individual embodies the higher levels of learning.

Being a business owner is much like being a black belt. You have mastered the fundamentals, but if you stop learning how to apply them you will not survive. My role as a business advisor and consultant is to provide lessons that improve upon the basics, make you more competitive, and help you excel longer in a world where lots of other owners know the same basic things as you. There is so much to learn that sometimes the opportunity is overwhelming. Just like the football player that focuses on the fundamentals in their quest for the Super Bowl, we can apply small lessons in business that drive us towards better and better results.

When the big picture is too big, just focus on the one thing you can do better today.

Tom Stimson MBA, CTS helps owners and management teams rediscover the fun and profit that comes from making better decisions about smarter goals. He is an expert on project-based selling and a thought leader for innovative business processes. Since 2006, Tom has successfully advised over two hundred companies and organizations on business strategy, process, marketing, and sales. 

Closing Thoughts


"Great Ideas Take Forever. Good Ideas Happen Now."
- Tom Stimson


Who's Tom Anyway?
About Thomas R. Stimson, MBA, CTS

Tom Stimson helps small business owners and management rediscover the fun and profit that comes from making better decisions about smarter goals. Tom's clients learn how to move past the bad math and stagnant thinking that overcome so many entrepreneurs. 

"My clients often struggle with day to day issues, which hinder their ability to focus on strategic goals or even try new ideas. Together, we will learn how to set aside the noisy distractions of past decisions and make stronger, more strident choices. Before we are through, you will learn to love your business again." -Tom 

For more information visit the website.