top of page
Search
Writer's pictureBenjamin

๐—™๐—ฟ๐—ผ๐—บ ๐—™๐—ฟ๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜๐—ผ ๐—”๐—ฑ๐˜ƒ๐—ฎ๐—ป๐˜๐—ฎ๐—ด๐—ฒ

Updated: Oct 13


Startup Lessons Decoded: Real Stories and Insights


The startup journey is a bumpy one.


After guiding multiple mergers and acquisitions, Iโ€™ve gained some practical insights that lead to saved time and costsโ€”and growing a business.


This series of four posts looks at startup journeys and key learnings from working with successful founders.



ย 

The founder of a growing B2B services firm was frustrated by constant client calls as distressed customers reached out at all hours to complain.

ย 

Some weeks, he spent over 10 hours on the phone, disrupting plans, impeding growth, and even interrupting time with his young children.

ย 

While customers expressed frustration over errors, it was non-technical issuesโ€”such as poor communication and missed deadlinesโ€”that truly upset them.

ย 

These problems caused extra work and headaches to quickly resolve the issues and diligently rebuild the trust.

ย 

Meanwhile, the team faced challenges too as they waited for essential information and responded to numerous non-billable inquiries.

ย 

ย 

โ€œThe goal as a company is to have customer service

that is not just the best but legendaryโ€

โ€“ Sam Walton, founder of Walmart

ย 

We contacted many customers and asked how things were going, what could be improved, and what were their plans.

ย 

As patterns emerged, we highlighted these trends in meetings and trained on case scenarios and best practices.

ย 

We acknowledged the pressures clients face while also emphasizing the importance of setting clear expectations around interdependencies, such as when we need prompt responses from clients.

ย 

A great working relationship is built on openness and collaboration.

ย 

ย 

Timeliness and Responsiveness


Imagine waiting for someone on a first date. Even if the person is wonderful, waiting over 15 minutes creates a terrible first impression.

ย 

Similarly, we discussed with the team the importance of quick responses and providing updates.

ย 

You don't need to have the full answer immediately, but it's crucial to respond promptly and acknowledge that you're working on the issue.

ย 

We then shifted from a reactive approach (reaching out after complaints) to a proactive one by meeting all new customers shortly after kickoff.

ย 


Proactive Engagement


Finally, we began presenting customers with useful reports and insights in exchange for learning about their feedback and business plans.

ย 

We also organized online learning events and published blog posts to share new perspectives and information.

ย 

These "gifts" have been well-received. Imagine your feeling if someone offers you something useful.

ย 

ย 

Client retention has improved, and most importantly, the founder can now focus more on growth, margins, and his family.

ย 

Deepening client relationships will lead to increased retention, more upsells and referrals, and a competitive advantageโ€”all of which contribute to a desired exit.


______________________________


This post was written by me with AI editing. Photo by Rodrigo.


Our latest newsletter covers 5 Feedback Strategies to Propel Growth and Unlock Productivity With a Tool You Already Have. Click here to subscribe now!


379 views0 comments

Comments


bottom of page