success
1,070 posts
How’s Business?
When Mr Ryan, the Dublin greengrocer, was asked how business was forty years ago he would likely have counted the day’s takings. But that wasn’t his only measure of success. The connection with loyal customers was the lifeblood of his business. Mr Ryan relied on repeat business. His survival depende
What’s More Important Than Noticing Trends?
Enlightened entrepreneurs and visionary leaders don’t simply try to predict the next hit. They spend less time wondering about what people are interested in and more time caring about why people are drawn to it. Yes, it’s important to notice trends, but it’s far more valuable to understand what’s dr
What Do Your Customers Thank You For?
As vulnerable humans, we’re brilliant at paying attention to threats in our midst. We are experts at mitigating against failure, which we trick ourselves into believing is the way to optimising for success. This tendency might explain our willingness to devote our resources to averting risk, solving
The Responsive Vs. Reactive Business Conundrum
Every sustainable business was built in response to an unmet need. These responsive businesses endure because they evolve with the customer they intended to serve. The likes of fidget spinner manufacturers don’t count. You can rattle off a dozen responsive companies that have launched in the past tw
You Can’t Mimic Your Way To Success
The Louvre is the most visited art museum in the world. It welcomes more than seven million visitors each year. Six million of those visitors are there to see the world’s most famous work of art, the Mona Lisa. An estimated 16,000 visitors a day jostle in front of the 77 cm x 53 cm…
Design Your Business For The Outcome You Want
Think about a delighted customer and the ten people she will interact with today. What’s the story you want that customer to share with someone about you, your product or service? How do you want them to describe the change you enabled? What words do you want them to use? How do you want them…
A Simple Way To Think About The Value You Create
When it comes to communicating our value, we begin by describing the features and benefits of what we make, serve or sell. That’s why we often end up with a laundry list of claims that our competitors could make. There is an alternative. Flip this thinking on its head and reflect on what would happe
The Exponential Value Of Being More Human
Everyone was surprised to hear the longer than usual customer service announcement as we were preparing to land in Los Angeles. Many people on board were catching connecting flights to different cities in Australia, and there’s always a little anxiety amongst passengers who are trying to make those
The Two Questions At The Heart Of Great Marketing
The kind of marketing we practice is a result of what we’re most curious to know about our customers. Many marketing campaigns are created by asking the following questions: A. What will they buy? B. How can we get them to buy? The resulting tactics become about near-term targets, buying more attent
A Tale Of Two Managers
My local bank manager, at the branch five minutes walk from my home, works hard to help customers navigate the bank’s new automated systems and services. He’s on hand to show everyone depositing cash how to bypass a teller and make a deposit using the machine in the foyer. The bank manager at the br
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 trolle
The 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 S
The Number That Matters
Every so often I look at the list of readers who have subscribed to my blog but have stopped opening the emails they signed up to receive. When I see that they’re no longer interested, I unsubscribe them. I’ve personally done this almost 10,000 times over the past seven years. It’s harder than you t
Understanding 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 h
Goal 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 reas
The 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…
The 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 membersh
Better 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 i
12 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…
Permission 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…
