“My personal information is wrong on my account” I told the assistant on the phone. As an individual giving a large financial company trust and authority over my financial matters, having my name misspelled on my account seemed like a BIG deal.
After 3 phone calls and several months, I finally got the name on the account corrected. Each month when my statement would come in, looking at the investment performance of the company was blurred by the name on the account not being corrected. After all, when the end of the year came and I received a statement for taxes, there was a possibility of having to correct tax documents or possible flagging for an audit.
The company that I was working with promised a “structured and consistent financial plan” and “the highest fiduciary responsibility over your investments”. These were brand promises which as far as I could tell the company did actually achieve very well. However, there was nothing in the brand promise that committed to accuracy, quick resolution to problems, or quality checking. And while it didn’t need to be overtly communicated to me, communicating these values to the employees may have been a way to get the issue corrected more expediently.
Unlike in life where we don’t want to spend too much time crying over spilled milk or other “small things”, in business your clients will definitely recognize the small things. And these small things too often end up making it difficult for a client or prospect to really fully understand how your company differentiates themselves.
At a financial company where I recently worked, I was in a conversation with a commercial banking client. The commercial banking client was very happy with the service he was receiving from his commercial banker and was satisfied with the line of credit he had on his business account. He told me clearly “Everything on the business account is great. I pay your company over $60,000 a year in interest and fees, but feel it is a reasonable amount. However, what I don’t understand is why your company charges me $15 per month on a low balance on my checking account”. The commercial banker immediately made a call to get the charges reversed, but this “small thing” was something that had bothered the client for years.
To help companies focus on the small things that otherwise hurt the overall brand, companies can take a few important actions:
Taking the time to focus on how your brand may be impacted by small issues is time worth taking. Just like making sure your belt matches your shoes, if your company brand depends on small things to amplify the message, you should definitely sweat the small stuff.