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Retailer-turned author has seen the business
from all sides
From June 2008
Sam Geist
Founder, Geist & Associates
Markham, Ontario
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Sponsored by
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These days Sam Geist is an author, professional
speaker, consultant and facilitator to
organizations across the globe. But he once was
a retailer who turned a small Toronto store into
a national sporting goods chain.
Geist sold The Outdoor Stores to his largest
competitor in 1980 and turned his attention to
running an advertising, marketing and consulting
firm, which he did for 14 years. With the
perspective of both client and marketer, Geist
wrote “Why Should Someone Do Business With You…
Rather Than Someone Else?” and “Would You Work
for You?” His third book, “Execute… or Be
Executed” was published earlier this year by
Addington & Wentworth. |
Do you miss running stores?
I miss the excitement … the rush you get when
the product you’ve purchased is exactly what
customers want and they show you that you’re
right on by buying, buying, buying. But I don’t
miss the long hours and the nail-biting time
between buying the goods and my customers buying
them. I recognize that retail today is a tough
business — tougher than it was when I was in it,
so I empathize with today’s retailers.
Notice any differences in tactics between
U.S. and Canadian retailers?
Canadian retailers are more conservative in
their buying, in their promotions and in their
merchandising. However, so many American
retailers have come to Canada — from Home Depot
to Pottery Barn to the Apple Store — that
Canadian retailers are getting the message and
adjusting their tactics to become more
aggressive competitors.
Your bio mentions “a valuable double-edge
perspective as that of client and marketer.”
Have any specifics to share?
I was able to give advice based on my own past
experiences on everything from logistics and
financial management to merchandising and people
management. I was also very conscious of the
need to establish a close relationship with my
own clients.
You’re now a speaker/facilitator. In that
role, what’s the most salient thing that you’ve
learned about businesses?
When I ask the question, “Are your people
capable of a lot more than you give them credit
for?” of everyone in an audience, nine out of 10
respondents answer, “Yes.” It is therefore
management’s responsibility to allow the people
who work for them to do more, be more and be
proud of their contribution to the overall
organization’s results.
Sounds like your next book.
Right now my focus is on the No. 1 issue faced
by most businesses today, which is a failure to
execute. “Execute… or Be Executed” addresses
this issue.
I’d like to update “Why Should Someone Do
Business With You… Rather Than Someone Else?”
[because] so much has happened since I first
wrote it back in 1997.
After that, I’d like to turn my attention to a
book that focuses primarily on getting and
keeping good people, since as a facilitator I
see every day how absolutely invaluable good
people are.
Speaking of your books — would you work for
you?
Yes — for most of the week, anyway. I do have
two employees who have worked for me for 23
years and 17 years so I must be doing something
right. Actually, writing “Would You Work for
You?” forced me to do my own self-evaluation and
ultimately helped me become a better listener.
What other passion or interests might you
have pursued?
While I really love what I’m doing, I also
really enjoy basketball. I suppose you could
have twisted my arm to become a basketball
coach.
What book is on your bookstand?
I’m re-reading “The Breakthrough Strategy”
written by Robert Schaffer in 1988. Tom Peters
recommended it in his blog.
Music on the iPod?
I listen to a wide variety of music, but a few
favorites never really leave my iPod — Credence
Clearwater Revival, Elton John, Billy Joel and
Bruce Springsteen.
Little-known facts about you?
I still fit into my high school basketball
jacket and recently wore it to my high school
reunion. I would trade a glass of great red wine
for a bottle of French Kronenbourg beer. I iron
my own shirts. I’m a nut about [having] “just
the right suitcase”; I keep getting new ones in
hopes of finding it.
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