Posts Tagged ‘entrepreneurship’
How Matters
The woman clearing tables in the Qantas airport lounge is almost invisible to the many preoccupied travellers she cleans up after. People are anxious to charge their devices, grab a bite to eat and catch their flights. The lounge attendant scrapes plates of half-eaten food and piles them on a trolley to take back to…
Read MoreThe Power Of Scarcity
Demand for anything is always greater when supply is limited. People want what they can’t have, and so scarcity creates value. Scarcity is not just about managing the availability of resources and limiting supply—it can be the foundation of a successful business model. When Howard Schultz expanded Starbucks, he knew that it was the feeling…
Read MoreUnderstanding The Arc Of Your Customer’s Story
The plot of every story begins with an inciting incident—the revelation of a problem the hero must overcome. Harry Potter’s offer of a place at Hogwarts School of Witchcraft and Wizardry. Cinderella’s invitation to the ball. Buzz Lightyear’s arrival on Andy’s birthday. Everything we know about the hero’s circumstances up until that moment is the…
Read MoreGoal Getting
At this is the time of year of reflection and resolutions, instead of thinking about and working towards the things you want to do—create that new product, increase revenue, write a book, get fitter or finally visit the place you’ve promised yourself you’d see. Consider the outcome. Explore the reasons why any one or any…
Read MoreThe Measure Of Success
Success doesn’t have to be a number or a word that ends with ‘er’—a sliding scale, determined by others who decide when enough boxes are ticked. Success is not always first over the line, less of this and more of that, a game of it depends. Success doesn’t even have to be someday soon, that…
Read MoreThe Value Of Subtraction
We spent an estimated $85 billion on hair care in 2017. Sales of products to combat dry and damaged hair are on the rise because more women are using straightening irons to get the ‘perfect look’. We have eaten our way through a $500 billion fast food mountain, then paid $83 billion for gym memberships…
Read MoreBetter Than Before
Our plumber, Evan, spends every minute of his day solving problems. There are no breaks to check email or to see who’s commented on Facebook. He’s too busy working things out, wondering where the source of the problem is or deciding how he might make the repair more robust than what was originally installed. Evan…
Read More12 Lessons From The Biggest Hit Of The Year
Ed Sheeran’s hit song, ‘Shape of You’ was the most streamed track of 2017. The official video is expected to reach three billion views within a year of being uploaded. There’s a lot we can learn from this video where Ed and his co-writers talk about the process of writing a hit song. 12 Lessons…
Read MorePermission To Be Impractical
Back in 1984, it wasn’t practical for Richard Branson to think he could launch a better airline with just one secondhand Boeing 747. And yet, that’s is exactly what he did. It would have been more practical for James Dyson to give up after the fifth attempt to invent the best vacuum cleaner in the…
Read More21 Questions For Creators And Innovators
Ideas are easy and free, execution can be painful and costly. Not just because it requires time, effort and resources—but because we often don’t do enough groundwork to get clear about the impact we hope to create. While it’s important to plan for success and mitigate against failure, what’s equally worthwhile exploring is why the…
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