Why People Buy A Service Contract

Why People Buy A Service Contract

Buying a service contract pre-COVID Before COVID, the people who would buy a service contract were at the Manager level. They had the day-to-day responsibility for whatever their equipment was being used for. In that first article, I listed the four reasons why people...
17 Years and Nothing Has Changed

17 Years and Nothing Has Changed

I recently rediscovered a McKinsey article, “How to make after-sales services pay off,” by Russell G. Bundschuh and Theodore M. Dezvane, that appeared in The McKinsey Quarterly, 2003 Number 4.  Here are a few points from the article: “Manufacturers of everything from...
Recession Planning is Like Retirement Preparation

Recession Planning is Like Retirement Preparation

The U.S. economy still appears to be strong. Yet, there are enough negative indications that business leaders and economists are beginning to predict a downturn or recession in the next 12-24 months. If your business has not already started recession planning, you...