Tuesday, March 5, 2013

Use K.A.R.E.

Use  K.A.R.E.

If you’ve got an idea and are not sure what to do with it – use K.A.R.E.   Big businesses use K.A.R.E.  Any smart small business owner will use K.A.R.E.  As I write this, I realized speakers use K.A.R.E. and, in fact, anyone and everyone should use K.A.R.E. in their dealings with everyday life.  So exactly what is K.A.R.E.?


I’m sure you’ve already figured out K.A.R.E. is an acronym.  And for the sake of suspense, and keeping you engaged in reading this I’ll break the letters down 1 at a time.  Bet you saw that one coming.
 
K. = Know

Since this blog is business and consumer oriented, unless I say otherwise, I’ll point out first how each letter applies to the aforementioned groups.  For a business this means know your target consumer.  On the consumer side it equals do some homework on what you are about to buy.  The bigger the company the more research they do on knowing their target group.  They know the demographics of the end user.  Big successful companies spend beaucoup bucks on finding out information on ‘Joe and/or Josephine Consumer’.  


On the consumer side, the bigger the purchase the more you should know.  For example, when I go to the grocery store and buy a can of soup, pretty much all I really need to know is on the label and the price.  Little research required.  When I go shopping for a car it’s entirely different.  I start looking months in advance with online information and product reviews.  For me, buying a car is usually about a 6 month process.  Buying a home is an equally time consuming procedure.  Much like buying a car, we first need to decide the amenities we want in the home.  Things like a garage, how many bedrooms, how many bathrooms, kitchen size, fireplace, pool (Hey, we’re in Vegas.  A pool is a MUST.), location, etc. 


My wife is a member of ‘Toastmasters’, and before she speaks she does research so she knows her subject matter.  The quickest way to look and feel foolish is to get up in front of a group without some sort of knowledge about your subject.  


John and Jane Doe get up for the day and know they have an agenda.  Things to do, places to go, people to see.  


Wow, this know thing is everywhere!

A. = Anticipate 

Apple Inc. anticipates sales growth and revenue.  They also anticipate possible problems with the release of any new product.  All small businesses should anticipate the normal ebb and flow of sales, whether it be seasonal or otherwise.  Anticipate issues that may side track you.  Any sales person will anticipate a possible consumer objection when making a purchase.  By anticipating the objection the sales person can then pre-plan a response to overcome it.  

Consumers need to anticipate too.  Anticipate what the positives and negatives are regarding any major purchase.  When you buy a new car, anticipate a change in your insurance rate, maintenance, registration fees, etc.  That house comes with a certain amount of built in anticipation; which includes upkeep and improvements, just to name a couple.

Back to my wife and ‘Toastmasters’ – before she ever speaks she anticipates audience reaction, questions and comments.  It’s all part of preparation.

If you own a smoke detector, first aid kit, and/or fire extinguisher, you do this in anticipation that something COULD (not will) go wrong.   

Remember that John Doe I mentioned earlier.  He was driving to work today and anticipated the green light ahead of him was going to turn red.  He was right.  Meanwhile, Jane Doe anticipated John would leave her 20 bucks on the table before he left for work.  Jane anticipated incorrectly.  If John anticipated sex tonight, he’s probably going to be wrong too.  
 
 Wow, just like that k thing this anticipation thing is everywhere.

 R. = Reach 

Businesses large and small are constantly reaching for a bigger market share.  They do it by advertising, contests, surveys, the Web, Twitter, Facebook, positive reviews, and the list goes on.  Through the use of research, development, and technology, they are reaching to create a better product or service.

On the consumer side the reach is always for the best.  The best price, the best service, the best ‘bang for the buck’ (No.  Just because I live in Nevada, I am not referring to a brothel), the best overall product.  It’s a bargain hunt.

'Toastmasters’ has helped my wife improve her reach.  With each ‘Toastmasters’ project she reaches for more knowledge, better speaking skills, while, at the same time, reaching out to keep the entire audience interested and listening. 

Right now, John Doe is reaching for his cell phone.  He read what happened above and wants to apologize to Jane.  Jane is reaching too.  She’s reaching for a frying pan so she can smack some smarts in John as soon as that S.O.B. (hey, another acronym) walks through the door. 


E. = Engage 

I’m going to give you a 2 for 1 on this by doing a little entwining.


Smart businesses and smart consumers are always trying to engage each other.  The smart business does this to get consumer feedback, both positive and negative.  This is known as relationship building 101.  It makes the sale easier.   The consumer needs to engage the business in a dialog as an aid in getting the best deal possible.  Consumers need to remember, in most cases, the business has the edge in the engagement process.  They sell their product or service everyday while you may only need it on an occasion or two.  Research has shown a smart business will understand the customer much better than the reverse.  


‘Toastmasters’ is about a person becoming  better at pubic speaking.  It’s learning how to engage an audience.  It’s an engagement of constructive critiques based on performance.  It’s a positive confidence building program.


Our John Doe is now engaged in physical therapy and, as for Jane…..she’s has a court ordered engagement in anger management class.


If you had to exchange K.A.R.E. with another word it would be PLAN.  


Let me think a minute…..PLAN that would be an acronym for………………… me to work on at some other time.  

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