A Lesson in Success: Supersized

Facebook
Twitter
LinkedIn
Email

fries1McDonald’s is one of the few chains that has continued to thrive despite the economic recession.  While other big corporations have lost their handle on success, McDonald’s has supersized theirs with what they call a “Plan to Win” strategy that has helped them experience continued growth for a number of years.  In his article on Bnet, Stuart Cross reveals three factors that help McDonalds achieve what has been impossible for many other big businesses during this economic downturn: supersized success.  Many small businesses could learn from their McExample by ensuring their practices have the following three characteristics:

1. Operating Excellence

Who hasn’t experienced lunch hour at McDonalds?  My family’s most recent trip found us in a line that seemed to promise an especially long wait considering the three hungry children bouncing around my back seat.  But it wasn’t long before that long line split into two, and at the start of line #2 I was met by a happy employee, outfitted with a simple walkie talkie, ready to take my order.  This particular McDonalds wasn’t equipped with two ordering kiosks like some you may find in bigger cities, but that didn’t stop management from minimizing our wait with this backup plan.

While once a jingle for a commercial, McDonalds maintains operational excellence by “keeping their eyes on the fries.”  From the CEO, to franchise owners, to suppliers, to employees, everyone member of the McDonalds team is programmed to function at top efficiency and effectiveness.  And while other franchises may lack this characteristic, most consumers think first of McDonalds when they think of “fast” food.

2. Distinctiveness

Speaking of those same three children bouncing in my back seat, they each recognized those golden arches from a very young age.   We didn’t frequent McDonalds very often, but I quickly realized that their branding efforts-from TV commercials to billboards to jingles aired on the radio-had already made quite the impression on these toddlers.  Years in business has taught McDonalds how to market their services to the right demographic, maintaining a solid brand that appeals to just the right consumers.

3. Agility

You can always order the old standbys: Big Mac, Filet O’ Fish, Quarter Pounder, french fries.  But McDonalds realized that as times changed, their menu would have to change as well.  Not only have they added a latte line that rivals Starbucks, but their menu also includes specialty salads and sandwiches that appeal to a wider consumer base.  This agility has enabled them to broaden their appeal while still servicing those that prefer the options that first launched McDonalds to success in 1940.

So how does your business measure up?  While you may not be running a fast food franchise, could your practice benefit by improving operational excellence, distinctiveness and agility?  Learn from McDonalds and supersize your success by making these three characteristics your new “Plan to Win” strategy.

Improve Your Agility by Adding Tax Preparation to Your Menu!

Practically every adult and small business in the nation is required by law to submit a tax return.  And the growing complexity of tax laws drives many of them to professional tax preparers who are better equipped to complete these returns.  You increase the agility of your accounting practice by adding this lucrative service to your offerings.  Not only will it enhance your appeal to current and prospective clients, but it will significantly increase your profitability as you will be able to charge $100/hour preparing tax returns.

UAC’s Professional Tax Preparer (PTP) Program will teach you how to prepare practically every type of individual and business return you may encounter.  These hands-on training materials are loaded with valuable and varied examples of real tax issues, and in each of the 32 training sessions you will prepare at least one tax return.  You need not wait to retain your first client before accumulating real-life experience in tax preparation.  Increase your agility by enrolling in the Professional Tax Preparer Program today!

ResourceCross, Stuart.  “The McSecrets of their McSuccess.” 11 August 2009.  Bnet.com

Table of Contents

Categories

Recent Articles

GrowCon

GrowCon Recap — Day 2

For owners of accounting, bookkeeping, tax preparation, and advisory businesses, the opportunity to work ON the business and collaborate with fellow entrepreneurs at an event like GrowCon is truly invaluable. Scores of the over 100

Read More »

Recommended Reads

Tax Preparation Course

About How it works Testimonials Course Details Coaches Curriculum FAQs Apply Today More than just a Tax Preparation Course We focus on hitting your income & career goals. If you are like our students, you

Read More »

Professional Bookkeeper Certification Course

Get The Skills To Be A Bookkeeping & Accounting Professional     What is our Professional Bookkeeper™ Certification?   Many professions use designations and certifications to identify their areas of expertise. It recognizes individuals as

Read More »

Become An Enrolled Agent, EA

Become An Enrolled Agent, EA An enrolled agent is a tax practitioner who is licensed with the Internal Revenue Service to represent clients before the IRS. An enrolled agent is the highest credential awarded by

Read More »
QuickBooks Specialist Certification.jpg

QuickBooks Certification

Get the Skills to Be a QuickBooks Specialist QuickBooks Specialist™ Certification The Professional Bookkeeper’s Guide to QuickBooks is designed to teach anybody how to use QuickBooks. Whether or not you consider yourself a bookkeeping professional,

Read More »

Accountant Certification Programs

Get Certified in Accounting, Bookkeeping, Tax Prep, QuickBooks etc. Enhance & Grow Your Business Knowledge in as little as 4 Weeks with Our Accountant Certification Programs From employers to clients, everyone likes a financial professional

Read More »