Showing posts with label product development. Show all posts
Showing posts with label product development. Show all posts

Thursday, June 16, 2011

Know Your Industry

"We are what we repeatedly do. Excellence, therefore, is not an act but a habit."
- Aristotle
Inspiring People who Know their Industry
I get inspired by people regularly...particularly people with vision who can also execute.  As an author, you are an entrprenuer, and it's important to find and surround yourself with people (virtually or phsyically) who inspire you to keep pushing forward.  For me, Dave Williams is definitely one of those people who "knows his industry."  One of his recent articles is a super example of knowing your industry.  When you read his article on Facebook Advertising, you realize very quickly just how much Dave knows about Facebook and advertising.  Heck, I feel like I need to read this article 20 times just to learn everything that is mentioned in here.  If they haven't already, someone will probably write a 200 page book on the same information in the article...it's packed!

Knowing Your Industry
As Larry (my dad) and I have started the marketing planning work for marketing "the book," we have been doing a lot of research on what is going on in the publishing industry.  We are reading 100s of pieces of information about the market, the industry players, how money flows, what innovative authors are doing, the profile of our target market, book reviewers, etc.  There is a knowledge threshold you really need to clear to understand an industry and how to market yourself in that industry - know the book industry in addition to the industry of the market your book is going to go into (e.g. consumer entertainment, motivation, business, finance, psychology, etc.).  Meeting a knowledge threshold is important...and it takes time...but really costs nothing...the cost is a commitment to learn...and some spare time.  Musicians often fail in this area...they love music but they don't pay attention to business.  Music may be their passion, but if they want to make a living at it, they better understand the business side...I am willing to bet that any musician who has more than one platinum hit over the course of a decade has really learned the biz.  Authors...know the industry.

Why is Knowing Your Industry Important?
Because when you are making decisions about where to spend your time and energy, you are trying to optimize the ROI on your efforts (unless you are just writing as a non-profit).  Whether you know it consciously or not, you are constantly processing inputs that direct your energy...you are in a feedback loop.  And, the market is sending some feedback information to you.  Seeing and understanding what is going on in the book industry will help influence and improve your decisions...and ultimately your ROI.

Perhaps I am stating the obvious, but I am just sharing what is going on in our journey of taking a book to market.  As always, feedback, comments, criticism, etc. is welcomed and appreciated.  As well, let me know what ideas or topics you might want to see me cover.  Thank you for reading!

Saturday, July 3, 2010

Launching Businesses: Process versus Design - 3 Considerations for Growth



My friend Dean recently emailed me about his company, ZeroDragConsulting.com. Dean is quite an amazing guy…besides being extremely good at what he does, he is a triathlete. He knows and loves how to push himself to his limits and grow from it…that’s freakin’ cool.

He asked me a direct question about his business, but I thought that I’d answer in a general way as well…and publish on “ze pervaziv blog” (meant to be said with a Jacques Cousteau accent @;-).

Basically, the question was around the amount of “process” that start-ups need to grow. Here are 3 key summary considerations that I see and more detail follows (click read more):
1. The Design Process
2. The Process of the 5th Discipline
3. Balancing the Two



The Design Process

My perspective on “design” comes from two things: One, I studied industrial design at Georgia Tech with an undergrad thesis in HCI…two, I love design…my old blog (though currently down, the new is here) was about all things design…it is one of my passions…and I apply design principles to everything I do, every second, of every day. From an entrepreneurial perspective, I’ve started about 8 or so companies (most failed)...and worked as part of many start-ups and launched products at various companies (e.g. iXL, WebMD, Fibermarket, eSasa, Kinzan, Siebel, Oracle, Podshow/Mevio, MarketingCentral, Unica).

Entrepreneurs and intra-prenuers must be creative…they are doing something the world has never seen before and looking for feedback from the world (I am guessing this might also be the origin of hello world). If you are really following a true design process, feedback comes in two main forms: One is “I like that…I’ll give you money for it” and ...two is “I don’t like that…but I’ll tell you why.” This applies to the design of anything…a product, service offering, business, main entree, painting, song, sales pitch, call center script, etc.

Entrepreneurs have to design an entire business that surrounds their new product or service. To do so, they have to learn…and evolve fast. If you go to market with something that customers don’t respond to (with money), you are out of business. After you create, you have to learn AND change to grow. Creativity is critical to being an entrepreneur…I’ll call this the createlearnchangegrow model.

Having trained for a sprint triathlon with Dean a while back, I also know that the createlearnchangegrow model applies to the human body…to grow you don’t just do the same thing again and again…you cross-train, you push your limit to do more, you learn from others who have been there, etc. I just launched a project for The Atlanta Beat yesterday, and I asked Christa “what makes a woman pro soccer player tick?” She said something along the lines of “it’s about pushing yourself to be the best you can be…you are in a constant, hard-core state of wanting to improve and be your best.” Now, that is a super lesson for all entrepreneurs and product launch peeps.

Net/Net: Bringing something new to market requires a certain amount of flexibility while you iron out the kinks…or re-invent yourself on the fly…you have to have enough change built in to get it right…and not get crushed by process. When I met Rabble, I found out first-hand that Twitter did this…but that is a story for another time.



The Process of the 5th Discipline

My perspective on “process” comes from Siebel and Oracle. I spent about 6 at Siebel and 1 at Oracle. At Siebel, I ended up running a world-class, award winning marketing operations team…our processes and measurements were some of the best in the world. If you’ve been in the software business for any length of time, you probably know that the industry exists largely to automate things…to make processes better, faster, cheaper, and more measurable. Oracle asked me to lead a global implementation of Siebel CRM…strong process discipline is required to implement CRM on a global scale and get results. For example, in my few conversations with Judy, it was clear that she wanted to measure results to optimize them…and to get that…you need processes.

So, at some point…a start-up or even some new product/service launch wants to scale or grow. From a biological perspective, the strongest survive and replicate. You’ve figured out a formula, now you want to manufacture it. So, entrepreneurs also have to design a business that can grow, scale, replicate, etc. Once you know a large enough customer segment likes your product, you grow. Growth can be painful or not. Before Google, Siebel was the fastest company in the history of the world to grow from $0 to $1B. That is why I went there…I wanted to learn everything I could. My experience was that they largely lived the 5th Discipline and were very strong on developing feedback processes and measurements.

Again, in my training with Dean…I’d listen to my body…I could push myself to grow, but there was a limit. As well, I couldn’t just train once…I needed discipline to improve faster, to help my body heal faster, to grow more. This discipline is process…it is replication.

Net/Net: At some point, a start-up or new product launch has to replicate, grow, scale, etc. Processes, tools, measurements become very important to help with growing pains and ultimately improve ROI.



Balancing the Two

Balance the two is the key to success. For me, balance is part of every aspect of my life…I’ve tattooed a symbol for balance on my body twice (two times so that it is balanced out @;-)...cause I find that I need to always remind myself of this. If there is too much focus on either creativity and design versus process and scale, then things die. Now, some friction between the two is required…it’s even ok if it creates smoke or fire, but the friction needs to be managed so that it does not kill the business… alignment, timing, balance, lack of ego…these things allow frictionless-ness. As examples of problems…an entrepreneur can be the most amazing creative on the planet…someone who can evolve and flex effortlessly…and their lack of focus means they never focus on addressing a specific segment and growing revenues…or the entrepreneur could put too much process in place too early and miss the mark with their product or service while suffocating the business with unnecessary overhead.

Net/Net: Balance design and process. Design the balance into the process.

Again, this is just one person’s perspective…so, I’d be quite curious what others think and appreciate any dialogue on this topic.

Tuesday, June 29, 2010

"mobile" app: this little button is a lifesaver

Part of this site's purpose is to capture talkaboutable things.  The little button (shown below) that made my rental honk...saved me abou
Part of this site's purpose is to capture talkaboutable things. The little button (shown below) that made my rental honk...saved me about 20 minutes of searching the hotel garage. Yes, there is an app for that...but probably more interesting is how Zipcar uses social and mobile apps to find, reserve, and rent. Anyone used it? http://ping.fm/JIDCU