Yesterday we ran in to one of our acquaintances at the store the other day. He is a fellow in his sixties who did not even know how to turn on a computer a couple years ago. Yet, when we asked him what he was buying, he said, “I would not buy anything here. I can order [...]
Entries Tagged as '5. Expanding Market'
Internet changes everything…
August 16th, 2010 · No Comments
Tags: 5. Expanding Market · FutureWorks · Innovation
A better line of questioning
March 31st, 2010 · No Comments
The other day I spent some time interviewing people in one company about their process. I could tell that I was out of practice as I fumbled a lot more than I remember doing when I did it on a more regular basis. Fortunately, I had a great coworker with me, who encouraged me and [...]
Tags: 1. Entrepreneurial Management · 5. Expanding Market
Mapping market paradigms
February 21st, 2010 · No Comments
While the presentation below view the business models a bit to narrowly, only in terms of the transactions, this is a great place to start developing and refining the understanding of the business opportunities. Take a look and tell me what you think: Business Model Innovation Matters View more presentations from Alexander Osterwalder.
Tags: 4. Effective Method · 5. Expanding Market
Diversify or focus
February 4th, 2010 · No Comments
When starting out, many things a business should do are the very opposite of a good practice in the long term. For example, I am sure you have heard the advice that it is good to be diversified so that you do not depend on the whim of a single customer. I would like to [...]
Tags: 5. Expanding Market
What market should we go after?
January 21st, 2010 · No Comments
Every start up in the world, and most well established businesses struggle with the question: “What market should we go after?” or “What market should we go after next?” I believe that being able to effectively answer this question in at least one eight of business success. It is by far easier to answer the [...]
Tags: 5. Expanding Market