All Blog Posts (564)

Are All Ideas, Plans, and Visions Useless?

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"If you don't know where you are going, any road will get you there." Lewis Carroll

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A small but vocal group of consultants are spreading the idea that "ideas and plans are worthless." At best, these people are misguided.

To paraphrase, George Orwell in his classic book, "Animal Farm," I'd say: "All ideas are created equal but some are more equal than…

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Added by Rod on May 20, 2015 at 6:30pm — No Comments

drop shipping business

Have you ever read about a business model called drop shipping? If not yet you can read this post here that shows what is drop shipping in more detail. To make things easy for you, drop shipping is a way of selling items online via amazon, ebay, your own store or on any other places without the need for having your product on hand. Instead, third party drop shipping companies will…

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Added by Amin saleh on May 19, 2015 at 5:09pm — No Comments

How you can choose Woodwroking as a Business.

No money-making venture can be more promising than one that involves something you love and do best. If you have a knack for creating things with your hands as a hobby, like creating items out of wood, this could be a good moneymaking opportunity for you.

 Woodworking is…

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Added by pritam on May 7, 2015 at 11:02am — No Comments

Even if you own physical store at high street, still you should set-up online store

By studying customer’s buying behavior here I have concluded some points for all those people who have a well-established store at high street but not an ecommerce website. In this article I have explained how their investment for ecommerce store is worth. You can also get my thoughts…

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Added by Maulik Virparia on May 6, 2015 at 7:38am — No Comments

Business Model Strips for Customer Growth Hackers: A New Business Model Notation System

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“Customer Growth Hacking is at the heart of the Entrepreneurial Revolution (ER), the epicenter of which is in Silicon Valley.” Rod King

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First, let’s take a short quiz:

Who is a CUSTOMER GROWTH HACKER?

 1. Is (s)he someone making TRADITIONAL BUSINESS PLANNERS obsolete?

 2. Is (s)he someone making TRADITIONAL MARKETERS obsolete?

 3. Is (s)he someone making TRADITIONAL…

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Added by Rod on May 3, 2015 at 1:06am — No Comments

Customer Growth Hacking for Lean Startups: How Silicon Valley is Creating Billion Dollar $tartups

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Traditional Business Planning theories and tools are becoming obsolete. Traditional Business Planning theories and tools are not keeping pace with the high rate of change and innovation in the startup world. Many startups are no longer using traditional business plans. Many startups do not formally start with applying Porter's Competitive Strategy or Value Chain. For the many billion dollar startups that…

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Added by Rod on April 27, 2015 at 5:30pm — No Comments

Developing a Business Plan for Entering a New Market

Many different companies are nervous about expanding into new markets because they think they lack necessary equipment, knowledge or skills. They thus decide to settle for minor profit in their home country, never tapping into the company's full potential. Investing in foreign markets is not that different from investing at home. There are more risks to consider and different laws, rules…

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Added by James D. Burbank on April 26, 2015 at 1:00pm — No Comments

4 Common Mistakes On Twitter That Prevent Marketing Success

In business, people tend to make mistakes at times, but it is not impossible to rectify or overcome them. As far as social media is concerned you need to be abreast with all the latest and correct marketing techniques to prevent yourself from getting any negative publicity.

Social media marketing is evolving at a faster rate and the notion behind it is to listen to your customers, engage with them and…

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Added by Harshada Thakur on April 24, 2015 at 2:55pm — No Comments

Customer Growth Hacking (CGH): The First Thing You Need to Know

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The late Peter Drucker once said, "The purpose of business is to create and keep a customer." How wise!

And what a customer-centric presentation of a business's main goal especially for startups: create and keep customersBut, how can entrepreneurs as well as startups rapidly and inexpensively acquire, retain, and grow customers?

To answer the above question, this article introduces the concept…

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Added by Rod on April 23, 2015 at 7:30pm — No Comments

A Family Owned Business: How to Start Your Own Restaurant

Starting a family restaurant can be a wonderful way to bring your clan together. However, rush in without the right research and your venture could tear your family apart. Read on to discover how to launch a successful family restaurant.

 

Make a Plan

Gather your family members and make a plan for your business. Think carefully about the food you’ll serve and your preferred restaurant style. Consider the dishes you enjoy and the restaurants you frequent. If your…

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Added by pritam on April 17, 2015 at 11:00am — No Comments

To Burn a Business Plan or NOT to Burn a Business Plan? Can You Help Me, Now?

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Dear Colleague,

It would not come as news to many that use of the traditional business plan is steadily declining especially in the world of Lean Startups. 

 

Some advocates in the Lean Startup world have even issued a war cry: “Burn the Business Plan!” But, should the business plan be burned?

Right now, we simply do not know whether the business plan should be burned. We…

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Added by Rod on April 14, 2015 at 5:15pm — No Comments

5 Principles for Radically Improving Your Creativity: The O.T.H.E.R. Loop

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"The art and science of invention can be effectively learned as well as taught." Rod King

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Almost twenty years ago, there was a polarizing argument in the magic (conjuring) community. Some magicians were arguing that invention of magic tricks could be learned but cannot be taught. In other words, learning to invent takes place mainly through tacit knowledge and experiential learning. Other…

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Added by Rod on April 11, 2015 at 10:00pm — No Comments

What Shaka Zulu Can Teach Us About Marketing/Sales

For most solopreneurs, marketing and sales are tough.  By definition a solopreneur hates working with other people.  The idea that you now have to go out, contact them, interact and convince them of your worth is truly painful.  And by go…

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Added by Tim Rudkins on April 7, 2015 at 3:17pm — No Comments

How the Market of Business Model Engines Evolves in the Computing Industry: The 5 Stages

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The computing industry has transformed and continues to transform our lives beyond our wild imaginations. In spite of its transformative power and accelerated rate of change, the computing industry evolves just like other industries as well as living organizations. Products, services, industries, and business models continuously emerge and compete to ideally solve B.U.M.P.S.: Big Urgent Market Problems.

The fractal model of…

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Added by Rod on April 4, 2015 at 7:30pm — No Comments

Certified trainers as a resource

I have moved the list of certified trainers to the Blog Section to keep thin formation accessible to anyone who may wish to link with a resource support.

AustraliaJames King: james@kingsinsight.com

BelgiumMatty Paquay: matty@paquay-group.com ; Bruno Wattenbergh: bwa@abe.irisnet.be

BrazilFabio Nunes:…

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Added by Mike Lachapelle on April 3, 2015 at 1:30pm — No Comments

Lean Business Modeling: Rapidly Visualize, Analyze, and Design Business Models

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"Every system undergoes continuous iteration from the complex through the simple to nothingness while getting its job done. Otherwise, the system dies." Rod King.

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There are two distinct approaches on the spectrum of business modeling: "Fat" Business Modeling and "Lean" Business Modeling. "Fat" Business Modeling includes the first generation of business modeling tools such as Porter's Value…

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Added by Rod on March 31, 2015 at 5:00pm — No Comments

How to Implement Timothy Sykes’s Business Model

Everybody knows this guy. He is famous for turning his bar mitzvah money into $1,65 million by trading penny stocks. But he is even more famous for his investing courses and occasional brawls with other celebrities like Shaquille O’Neal or Justin Bieber. Unfortunately media focuses more on his bachelor lifestyle, than on the business model he used when he became one of the youngest millionaires in the US.

 

Importance of Understanding Current Market…

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Added by James D. Burbank on March 25, 2015 at 7:30pm — No Comments

A New Way to Look at Eric Ries's Vision-Strategy-Product (VSP) Pyramid: The Lean Plan

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“A Lean Plan is the modern vehicle for rapidly translating a vision into reality”

Rod King

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Tucked away in Eric Ries's seminal book, "The Lean Startup," is probably the most important tool in the Lean Startup Methodology. It's on page 23 of “The Lean Startup” and it does not even have a formal name in the book. I and other people have called it,…

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Added by Rod on March 25, 2015 at 3:00am — No Comments

New to Business? Here's What You Need to Know

Starting your own business has always been one of the best ways to prosperity and self-fullfilment. Although in the beginning this would look like a very hard road, full of difficulties and barriers, later when your business stands on its feet you will remember initial difficulties and headaches only as nice and distant memories of all the hard work you invested in your company’s well being. Plus this can be a great story for your kids... Before your decide to follow the crowd and start your…

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Added by James D. Burbank on March 19, 2015 at 5:30pm — No Comments

LEAN STORYBOARDING: Successfully Facilitate Lean Improvement and Innovation Projects

(WARNING: This is a concept paper on the emerging paradigm of Lean Storyboarding. Some readers may find this article unusually long. But …)

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“The Lean Startup isn’t just about how to create a more successful entrepreneurial business; it’s about what we can learn from those businesses to improve virtually everything we do. I imagine Lean Startup principles applied to government programs, to health care, and to solving the world’s greatest…

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Added by Rod on March 16, 2015 at 9:00pm — No Comments

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