business
512 posts
How Disruptive Innovations Happen At The Edges
Think of any business that’s succeeded over the past two decades and especially the upstarts that have left incumbent brands on the back foot. Kodak vs. Instagram, Sony vs. Go Pro, Hilton vs. Airbnb, cab companies vs. Uber, banks vs. Paypal, Borders vs Amazon, Blockbuster vs. Netflix, Chubb vs. Cana
Shortcuts And Workarounds
I found this shortcut under the soap dispenser in the ladies toilet at a local cafe and it made me smile. It also made me think about the person who put it there, someone looking for a shortcut in a moment of efficiency (or procrastination)—as we all do. What if your shortcut isn’t really a…
The Brand Sweet Spot
Every time I upgrade my phone the guys at Virgin try to convince me that there are much better options than the iPhone. When they ask me why I prefer the iPhone I never have a definitive answer. It’s not always easy to put that kind of value into words. Think about your favourite brands,…
The Limitations Of Knowing ‘How To’
For years we’ve been rewarded for knowing the right answer. All of those gummed gold stars licked and stuck in copybooks next to neatly spaced handwriting, served their purpose. We can’t help wanting to know the answer. Knowing ‘how to’ is barely an advantage to the twenty first century business own
Thinking About Your Assets
Take a blank page. Draw a line down the centre. On one side list your tangible assets, things like stock, equipment, products and your website. On the other side make a list of your intangible assets, stuff like intellectual property, trademarks, brand names, the skills of your team, your customer d
It’s Harder To Matter On Purpose
It’s easy to think about what it would be like to build your business around the quick win. To be the author of the book discovered by a random stranger at the airport, or the designer who gets picked by the awards committee. It’s much harder to matter on purpose, to be intentional about the…
30 Questions Every Startup And Entrepreneur Should Answer
We’ve become really good at looking for answers. So good in fact, that we get close to asking a billion questions every day in Google search. And yet as busy business owners and idea creators, we struggle to find time to ask really important questions of ourselves. Here then, are questions worth tak
Significance Could Be Your Competitive Advantage
You’re late for an appointment and in your rush to get out the door you forget to put everything into your bag. QUESTION Which would you rather FORGET to bring with you, your wallet or your phone? 2006 ANSWER PHONE. 2014 ANSWER WALLET. A competitive advantage isn’t always as tangible as the patents
Success Is How Your Customers Feel
You’ve just had a great launch. You made your monthly sales targets. Your stock sold out in one day. There are a hundred and one reasons to celebrate, and one thing to remember. Success is not just a data point that you hit on the sales chart, or a dollar figure that makes your accountant…
Blonde Or Brunette?
Still or sparkling? Red or white? Stuffed crust or deep pan? These questions might give people a reason to choose in the moment, but they are not the foundation of a lasting relationship. You don’t win in the long run by simply being one of the alternatives. You win by being ‘the one’. What will…
The Number One Way To Create Value In Any Marketplace
In an era when we can push a button on our phones to summon a driver, why is shopping for a television still a nightmare? I doubt that there is a single person in the history of the universe who has enjoyed shopping for a TV. That row upon row of yellow stickered, feature described…
Two Golden Rules For Choosing Clients
I have a couple of simple rules that I live by when making the decision about which clients to work with. First—if I’m not jumping out of my skin to work with someone and excited by the difference (big or small) their business creates then we’re probably not a good fit. You have to care…
Why We Advertise
Ad spending is set to increase this year. And yet, some of the smartest and fastest growing companies on the planet elect to grow their businesses through word of mouth, by delighting their customers. So, why do we still buy banner ads? Is it because……? 1. Our products and services don’t create diff
Why Attention Is No Longer Our Scarcest Resource
If you want to capture someone’s attention you’ve got about ten seconds to convince them that you are the one. Attention spans are shrinking. People have so many demands, diversions and distractions right there in their pockets every minute of every day that it’s getting harder and harder to hold th
Hope Is Not A Marketing Strategy
There’s a tiny market in Potts Point every Sunday. Each week the stallholders show up and hope. They hope that someone who might be their customer will show up too. The stallholders sell things that a passer-by might want, usually things that they could get somewhere else if they weren’t going to bu
Your Customers Don’t Shop To Shop…..
…..they shop to dream. They don’t want stuff. They want to imagine a better version of themselves. What dream are you selling? Image by Maple’s Mamma.
Do It Like You Mean It
I’m not sure if it was the fact that she was reading a hardback book that made me notice the woman at the back of the cafe. When was the last time you saw someone reading a hardback book? When I asked her what she was reading, she flipped it over. Self help—2014 was going…
The Secret Power Of Promises
Have you noticed that about a month out from Christmas people begin not to be able to promise you anything? “We’ll try to fit you in, but…you know how it is at this time of year. We can’t promise you anything.” Promises are the reason we trust the brands that we trust. Promises are the…
The Question Your Competitors Forgot To Ask
The foundation of many businesses is a simple what. What do we serve and sell, for how much, at what profit margin? Getting stuck in ‘the what’ puts you squarely in the commodities business. If the value you create is purely tangible then you’re not giving people a reason to care about your brand, o
The Real Reason The Microsoft Store Is Empty
Clues about what matters to people and how their emotions drive their choices are all around us and there’s no better time to see evidence of this in action than during the festive season. Slate recently posted two images that tell two very different brand stories. Both photos were taken on what sho
