Borrowing innovation is easier than inventing from scratch! Think you have to start your invention from scratch? Why not combine existing innovations? Here’s two examples of incredible innovations over 100 years apart: Henry Ford (1908) and the Coolest Cooler (2013) Henry Ford actually borrowed three existing innovations for his assembl... Continue reading
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Business owners, in particular startup business owners, must wear many hats for business success. At times it can feel very much like we’re a ‘jack of all trades, master of none’! It might be time to ‘rent some brains’. First you must determine which of your business activities make your company the most money. (Related Article - O... Continue reading
The Message Matters - Get It Right or Don't Bother Selling At All Imagine it's a cold, dreary, overcast morning. You are trudging down the sidewalk, drinking a cold, over brewed coffee with a grimace on your face as you try to wake up on your way to work. It's a Monday, and you are dreading your boss' inevitable warpath. Then you notice a stran... Continue reading
We all screw things up every now and then. We might try really hard with a project but ultimately our results kinda suck. Here is a frank and funny one liner to ask yourself and your team after a business related misfire. “Are we polishing horse manure?” –it’s never going to shine no matter how hard you polish it! Translation – stop po... Continue reading
In continuation of our commitment to serving you better, we at TBT have been getting out of the building and listening to what you have to say. And boy do you have lots to say. In particular, a number of you have been very vocal about having a business idea, but not knowing what to do next. There are a number of different ways you could deal wit... Continue reading
I hope you consider vulnerability a strength. Being vulnerable saves you money and time in a startup – lots of it! Most startups start as an 'isolated belief' inside the founder’s head. Founders can incubate on their ideas inside for years. But if you want to eventually have a customer pay you for your valuable idea, you must expose it – an... Continue reading
Get a new perspective! How many times have you walked into a store and been naturally drawn to one area? Or have been shopping online and ‘abandoned your cart’ because the check-out area was too complicated or too hard to find? If as a business owner you’re struggling with sluggish sales and lackluster conversions - it’s time to get a n... Continue reading
Do you know a great salesperson with really sloppy paperwork skills? Maybe a fantastic bookkeeper who'd be mortified if they had to go out and procure new clients? We all have strengths and weaknesses. The strongest, most effective business business teams have a diversity of strengths. Consider this: It’s really hard to improve our weakness... Continue reading
Supporters of the Business Model Canvas (BMC) seem to have a tendency to quickly throw the idea of a business plan under a bus. But I don’t think it’s correct to think of the BMC and a business plan as opponents. Filling out your business model canvas involves going through the different sections and developing your hypotheses, or best guess... Continue reading
Let’s imagine for a moment watching a professional football game… could you possibly conceive the coach leading his team by only looking at the scoreboard? Of course not, that’s ridiculous. During the game, a successful coach monitors every activity on the field. Dozens of people are involved in recording all aspects of the game and kee... Continue reading