entrepreneurship
349 posts
The Most Important Lens We Have
As business owners and team leaders we view our businesses through various lenses. We have a financial lens, a success lens, a marketing lens, a service lens and on and on depending on how complex our organisation is. We measure our performance in a hundred different ways, often neglecting the most
Traditional Marketing Vs. New Marketing
We recoil from the traditional marketing tactics that we are exposed to every day. We install ad blockers and put up barriers that help us to keep interruptions at bay. We recognise poorly thought out marketing strategies in a heartbeat, and yet when it comes to marketing our own products and servic
Betting On Maybe
There are many reasons why Melbourne has been crowned World’s Most Liveable City four years running—great coffee is just one. It’s impossible to walk a hundred metres in any direction without stumbling on a place to grab a ‘good enough’ macchiato, so there’s a lot of competition in the coffee busine
Your Best Offer Advantage
While working on my next book I was considering commissioning some independent research. Following a Skype conversation with a representative from a global research firm, where the investment seemed way outside my budget I received “some great news for in the form of a quote!” The consultant had spo
Where Big Ideas Begin
Big ideas never start with a big idea—they start with a small problem, impacting a lot of people, that no one has worked out how (or cared enough) to solve. Slack, Powerwall, Instacart, iTunes, GoPro, Simple and on and on, fall into this category. You have to name the problem before you can begin to
The Characteristics Of Beloved Brands
Earlier this week Bob Lefsetz wrote the following line in a post about Elon Musk; “We know greatness when we see it, we clamor for it. We want to get closer to it.” We also want to emulate it—to understand the qualities and characteristics that elevate certain leaders, businesses and brands above th
The Power Of What We Measure
It’s easier than ever before to create a set of metrics by which to monitor our progress and measure our success. Click-through rates, subscriber numbers, impressions and customer lifetime value are useful data points. What if we measured our success by the results we delivered for our customers? No
The Business You’d Want To Visit
Matthew Weiner, the creator of the wildly successful TV series Mad Men carried that script around with him for four years, shopping the idea to whoever would listen. During that time people asked him if he was aware of how uncommercial his idea was before they rejected it. The reason the folks at AM
Why Did You Win?
Even when our innovation and marketing succeeds, we don’t always take the time to understand what’s working so that we can replicate it. We gratefully welcome and respond to prospective new customers every day, often without knowing how and why they showed up. Five questions to get you started 1. Ho
10 Ways To Avoid Getting A One Star Review
Dear Business Owner who delivered a one star service experience, Yes, a bad Google review will hurt your business, but delivering the kind of service you’re not proud of and having to keep covering your back will crush your soul. How To Avoid A One Star Review 1. Care twice as much about how your…
Your Most Important Customers
The most important customers (listeners, audience members and followers) are not the ones you gain, but the ones you keep. It’s all very well to measure how many people have signed up or walked through the door, quite another to understand who is really listening and what they care about. Numbers an
How To Get The Results You Want
In work, as in life we create a sense of balance by understanding what we want and what we don’t. We prioritize by wanting less of one thing and more of something else. Less overwhelm and more progress. Fewer things to react to and more results. Less busyness and more time. Fewer restrictions and mo
How You Market Is Who You Become
“EXPOSE YOUR BUSINESS TO 40,000 CARS A DAY.” Read the big sign at a busy junction that would exposure your business to 40,000 cars a day. The way you tell your story asks people to believe something about who you are and what you stand for. It sends us (and you), a signal about what…
The Importance Of The First Stroke
The coach leaned forward on her handle bars and across the bike path at the side of the lake. The four girls in the boat who had been training since sun up hung on her every word. “I want you to focus on the first stroke, nothing else. Just keep thinking I am going to…
Your Brand Story Is More Than What You Say
It’s a chilly autumn morning and the waitress in the cafe down the street is folding blankets to put over the chairs outside just in case customers are feeling the cold. The local doctor who is half way through her busy surgery, comes out to the waiting room and invites Adam into her consulting room
The Myth Of The Captive Audience
Maybe you read the recent article on Entrepreneur.com about digital advertising trends that included the following passage? “Mobile video viewers are what you might call a “captive” audience. When TV commercials begin, people look down at their phones. On the bus or subway, people focus on their dig
What’s Your Customer’s Why?
It’s true that people buy from companies they like. We feel an affinity with some brands and not others and our purchasing decisions reinforce our values. The Internet has given rise to a new kind of savvy, connected customer. She seeks out purpose driven brands whose ideals resonate with hers. Whil
Thinking About Your Advantages
Every traditional car dealer sells a similar product. What can one Ford dealer do that his competitors in the next suburb can’t? There is very little he has a monopoly on. John is a car dealer who has been operating in Perth for 45 years, he periodically takes out a double page spread in the…
How Value Is Created
Value is created at the intersection of the customer’s worldview and your understanding of how your product meets that. If that’s hard to get your head around think about plugging a real world example into the model. Customer’s Worldview: Branded razors are expensive. The quality doesn’t reflect the
Clever Marketing
Do you remember those TV ads that succeeded in interrupting or engaging us for sixty seconds? That’s what we used to call clever marketing. Today, clever marketing is no longer about creating the best advertising campaign, it’s about understanding your customer’s worldview and how they want to feel—
