It is said that success is no accident, and for entrepreneurs who plot the right destination and design their success strategically, victory is sealed.
One navigation instrument that successful companies should use is to focus on delivering customer value at their core. When leaders focus on customer value as a core strategy, delivered across their products, services, operations and people, they ensure happy, satisfied customers.
Two entrepreneurs, Warren Bonheim and Frank Mullen, founders of established IT company and Managed Services Provider (MSP), Zinia, have for over a decade applied their business acumen to navigate the tough waters of the South African landscape.
From their early days in business with a small customer base, to today where many mid-sized and corporate companies trust them, their focus on customer value creation, branding, and investment in technology for operational efficiency, contributed to their success.
Warren shares their 3 top learnings and insights:
1. Focus on delivering customer value
From the outset we knew that the customer had to be at the heart of our business. How do we deliver value – not just in terms of the product – but the entire value chain of the business? It is important for businesses to enhance the intersection points between their customers and the business. How can they make it easier, faster, better for customers when doing business with them?
When we started in 2009 we understood the pain points of companies, and tackling these issues became our priority, and of course delivering our products and services seamlessly, simply, and quickly.
A customer value strategy can become one of your key differentiators in a cut-throat industry.
In our experience, an unwavering dedication to a value proposition that puts a customer’s positive experience with your brand above all else, is the key to success. Leading with the customer need and creating everything to support this is a great business strategy.
2. Branding and marketing should always be a priority
In a highly competitive market, companies must find ways to stand out from the crowd; and great branding gives an edge.
In tough times, don’t pull back on marketing spend. In fact, go on the offensive to inspire confidence in your brand; while competitors are defensively hiding in tough times, get your brand out there.
Your branding elements – corporate identity, marketing and sales collateral, website, digital presence – should all align with your purpose and becomes a key component of your success.
Speak directly to your target customers to ensure you get the message across with a succinct value proposition.
When you connect deeply with what the customer needs and align your brand to that, the customer understands what you stand for and what you do.
3 Technology empowers business
The ability of leaders to select and implement technology to ensure operational excellence, as well as future proofing the business, is critical. We invest heavily in technology and systems, not only to drive efficiencies, but also to improve our performance and delivery to customers.
It is key for your business systems to be setup with simple dashboards for management to know where you are tracking on goals, and how your teams are delivering on customer expectations.
Automation has also allowed us to be more productive and effective when delivering IT services. Every business can take advantage of simple or more complex automation technology to make their delivery more streamlined and efficient.
It is important for leaders to stay on top of trends not just to operate more efficiently, but also to drive growth, and use technology to transform how they do business, ensuring they remain competitive in a fast-changing landscape.
