Posts Tagged ‘innovation’
Evaluating Opportunities
Opportunities are presented to us every day. It’s not always easy to discern which ones are worth taking and which ones to pass on. What questions do you ask yourself before you decide which to pursue or pass up? 10 Questions For Evaluating Opportunities 1. Why are we considering this opportunity? 2. What’s the biggest…
Read MoreThe 12-Word Business Plan
Have you ever struggled to illustrate or articulate how your business or idea creates value? This 12-word framework is the simplest way to do it. Take a look at how we could map Blue Apron’s business plan using the 12-word framework. Blue Apron’s 12-Word Business Plan OPPORTUNITY People want to eat healthy, home cooked meals,…
Read MoreFrom Insights To Advantages
Chip Wilson discovered that women liked to look great when they exercised and feel comfortable when they didn’t. Lululemon pioneered the activewear trend way back in 1998—a market that is predicted to grow to $178 billion by 2019. Dave Gilboa worked out that we hate feeling ripped off and paying as much for glasses as…
Read MorePatient Growth
My trusty blender died a couple of weeks ago, or rather I killed the thing with overwork and by overloading. The new blender had a lot to live up to. On the advice of the sales assistant I bought the most powerful one on the market, but was still frustrated by its performance. Why wouldn’t…
Read MoreHedging Your Bets Vs A Stake In The Ground
When we’re having problems articulating our story or making ideas resonate it’s often because we’re afraid of putting a stake in the ground. It seems safer to hedge our bets and easier to be more things to more people, than to commit to choosing who to matter to. When you narrow your focus and stake…
Read MoreBeyond The Point Of Sale
Many marketing strategies focus on the point of sale. Most great brand stories focus on what happens before and after the point of sale. We win by considering who the customer is, and helping him to become who he wants to be. This happens by understanding his story beyond the point of sale. Image by…
Read MoreThe Importance Of A Responsive Business Mindset
The beauty salon owner has a limited number of available appointments. Every day she encounters the same problem—zero availability and several last minute cancellations or no-shows. This situation is frustrating and it’s losing her money. She thinks she might solve the problem by implementing a cancellation fee, charging clients who cancel within 24 hours of…
Read MoreTry And Test
If you are anything like many of the entrepreneurs I know and work with you have a bank of ideas waiting to be executed (or discarded). Most of these ideas (good and bad alike) never see the light of day because they are locked up in a notebook, or an app and they haven’t been…
Read MoreThe Essence Of Meaningful Ideas
Victoria Parade is the road that separates north Melbourne’s suburbs from the city. It’s a busy spot. The road is dotted at intervals with pedestrian crossings and used by cars, commuters and pedestrians alike. But the widest pedestrian path across the dual carriageway isn’t a planned pavement. It’s one that’s been created by the desire…
Read MoreThe Value Of Customer Questions
Every day our customers give us clues about what’s important to them and what they really want. Often we ignore them. Questions like the one asked of a running shoe manufacturer, which was followed up with this response: “Thank you for your email regarding shoes for a mud run. Unfortunately, we don’t stock a shoe…
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