Tag: business model

  • 2nd Wave 🌊 – being a start-up again…🚀

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    In the last couple of months many of us have been struggling for business survival. Now we are coming out of it we are at a crossroads.

    Option 1: Back to the future.

    Put all the bits and pieces into place just the way they were back in 2019. And hop back in the treadmill hoping that “this time my business will scale”. For the obvious reason that well,…that you picked things up where you left them middle of march.

    Along the journey we commonly forget its goal” F. Nietsche

    But this is the low-probability-option to a scaleable business. Our businesses oftentimes had become an amalgam of different services and products trying to serve many different customers. And therein lies the reason for a very low Result/Work ratio…

    Or Option 2: Hack value before you hack growth

    This means going back to your customers and find out what they truly love 💙 about you, your company and what you have to offer. Find what it is they cherish and crave. And drop the rest. Listen, ask, interview. That is where the secret treasure is to be found 🏆.

    Find your core, your focus, your true north through customer discovery.

    This the focus 🎯 for your start-up. Cut the rest.

    note: you have a number of asymmetrical advantages in your pocket already: existing customers that trust you, services and products you sold and got paid for, a team of knowledge people, sorted out the messy stuff of operating a company,… all things that allow you to spend all time and attention during the next few weeks on finding what it is people love about your company.

    Hack Value before you hack growth…It is the starting point for success and scale as a start-up.

    Now is the time to decide if you want to re-create the business you had or become the business you always wanted to be.

    Choose wisely and embrace the consequences.

     

  • The dark horse

    The dark horse

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    Every day we choose between 3 approaches for everything we do:

    • Custom, tailor-made, one-off
    • Personalised, configured, repeatable
    • One-size-fits-all, standard, commoditised

    But when we make our choices are we consistent, smart, see them in context?

    Ask which of the 3 approaches you choose in the following cases:

    • connecting with our customers
    • drafting and sending proposals
    • delivering control or audiovisual systems
    • hire and fire
    • remuneration
    • training
    • service
    • making cars, speakers, systems,…

    I dare to think we all use far too much custom and standard approaches…

    When the personalised, configured, repeatable approach is the dark horse* in the race for success.

    Custom is overrated

    One-size-fits-all is overused

    Personalisation is the dark horse…

    Asking ourself some simple questions may have a big impact 🤜🏻 💥

    *Definition “dark horse”:
    a candidate or competitor about whom little is known but who unexpectedly wins or succeeds

  • Which ocean do you surf 🏄‍♂️? What planet are you on ?

    Blue Ocean Strategy

    Which Ocean do you surf 🏄‍♂️? *

    Screenshot 2020-01-18 at 15.04.34

     

    What planet 🌏 are you on?


    Planet Traditional: everyone is looking for the extraordinary deal.
    What matters is: price – features – status.

    Planet NEO (New Economic Order): people need to feel a connection with what they buy. It needs to represent who they are.
    What matters is: design – how things work – authenticity – who you buy from – uniqueness – discovery.

    Facts to bear in mind…

    On planet NEO the tendency is towards smaller, personal companies.

    93% of the world´s big spenders across industries live on planet NEO. 

    During the economic downturn of 2008-2012 NEO´s became more NEO and spent actually more on what really mattered to them.


    Entrepreneur, friend, surfer, boarder Ryan Gustafson shared the following explainer video with me.  Check it out and decide which planet you are on… VIDEO

    *I am a big fan of Blue Ocean Strategy: learn more here

     

  • Simplify. Everything. Always. Everywhere.

    Genesis Technologies - the art of simple
    genesis-tech.eu

    You only have a business, a real valuable business, a shot at success, if you offer to simplify something.

    Simplify. Everything. Always. Everywhere.

    the simplicity compass 🧭 
    icons over words
    less is more
    focus
    beautify when you can
    1 click
    state of flow beats thinking
    focus
    colours
    more logic
    less rules
    small teams
    focus
    deep is better than wide
    forget perfection
    choose
    to
    FOCUS
    on
    SIMPLE
    right
    NOW

     

  • Escape to Victory: from products 📦 to systems ☸️

    escape commoditization.jpg
    more on this from IMD here

    The first objective of a company is to survive.

    The second is to thrive.

    To do both is to move from offering products📦 sales to systems☸️*.

    And you better do it fast 🏃‍♀️…

     

    *☸️Systems defined as:

    • bundle of products + services + knowledge
    • tailored solution to customers needs or desires
    • organisms that are designed, created, delivered, serviced and updated

     


    If you sell products – Amazon wins (or aliexpress…)

    If you are a brand franchise – the brand wins

    If you sell systems – you win (and your customer too…).

    Your choice.


     

    Small decisions with a BIG impact 💥.

    Note: You can SELF TEST your business using one of these useful checklists – Lightsabers.