Business Fundamentals You Need for Success

Making sure you get all the fundamentals right is crucial for progression. You have to understand that there are a lot of things you could get wrong when running a company. It’s important to ensure that your business thrives and continues to grow. But, in order to achieve that you have to make sure you get the basics right, and you should follow the ideas on here to achieve that.

The Best Workers

No business can get very far without the right employees. That’s why you have to make sure you go out of your way to get the best workers you possibly can. This is something that you need to prioritize for the future. And that means you’ve got to make sure you have a strong recruitment strategy in place. You need to do as much as you can to attract the best talent to your company, and that involves offering incentives. You have to give them a reason to choose you over your business rivals. And that’s all about making sure you offer them the right kind of business incentive.

The Latest Tech

The latest technology is so important when it comes time to run a successful business. This is a fundamental part of the process that you need to get right as much as you can. Having the right technology in the business is so important for evolving and adapting. Technology is changing every year, and we become more reliant on it. So, it’s important that you do what you can to make sure your company uses all the latest technology. If you don’t do this, you’re going to find yourself left behind by those companies that have the best tech possible. So make sure this is a focus for your company.

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Simple Payment Methods

Never forget that it’s important to put yourself in the shoes of your customers. As a business, you’ve got to look at what people want from you. Pretend you are a customer and assess what’s your company does well, and what you need to work on. It’s important to prioritize convenience for your clients. People are so busy these days that they want to have more convenience. The way to achieve this is to make sure you get credit card processing machines for your business. That increases the number of swift payment options you can offer

Base of Operations

You also have to make sure you have a good base of operations. It’s important that you have somewhere you can class as a business headquarters. You need to have a commercial property that will help your company thrive. Business premises play a huge role in the development of a company. And you have to make sure you choose the best possible HQ for your company. That means assessing what the perfect offices will have and looking at places that can offer what you need. Get this right, and your company will hit the ground running.

When you run a modern company, you need to get the fundamentals tight. Obviously, there’s more to it than that, but it’s important to think about what the basics are. If you don’t get the fundamentals right, you can’t hope to generate any sort of success in the future. So you have to focus on what you can do to ensure your company is getting the fundamentals right as often as possible.

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Facebook as a Marketplace, but its mobile only.

There are so many ways to sell stuff these days…like local stuff – the stuff in the closet, garage and basement stuff.  You can use craigslist (funny how this seems so “old” now), eBay, Facebook local groups, letgo – and then all the apps and sites you have not heard yet.

 

the-things

A short time ago, my family needed a new freezer.  We have three boys at home – so we go through a lot of food and we use the deep freeze to stock up.  We were looking for an upright freezer.

I looked on craigslist for a couple weeks – but there wasn’t too much.  Some for $150, some for $400.  But are they good, bad or smelly?  So I jumped on Facebook and just asked if anyone had a lead, I had some quick responses and within 24 hours…I bought one.

The best part – I knew the seller.  So I felt good about the transaction.

That is the power of Facebook.  They have had “Buy/Sell” groups for a while…”garage sale” groups.  But now, they have the Facebook Marketplace.  Its only on mobile – but they gave it prime real estate.

They launched this fall – and it is quite good.  This has potential, there is a lot of stuff for sale – in my area there is a ton of stuff popping up.

It will be interesting to see the impact this has on the other options.  I can say – I finding my self using it more than Craigslist.  Craigslist is just too hard to navigate from mobile.

Your 2016 Olympics – Breakout Year for Streaming TV

I’m not a full on Olympics nerd like some, but this year I am really excited to watch – its a breakout year for streaming tv.  NBC is turning the 2016 Olympics into a springboard for the masses to adopt the streaming tv.  Its a taste of what we all want – more action from all the sports.  Its streaming sports we want to see it – when we want to see it.  NBC is streaming most events – and allowing us to go back and watch them when we want or as many times as we want.  The onset of set top streaming boxes makes it happen.

History – 2012 Olympics Event Streaming

In 2012, it was hard to get this to work.  You had to get a TV connected to your laptop.  Do you have an HDMI cable on your TV?  Do you have an HDMI out on your laptop?  Oh wait – that’s not HDMI, its a display port.  What’s a display port?  Can I get a converter for that?  Do I have a long enough HDMI cable?  How much is a 25′ HDMI cable?  Grab a kitchen stool and set it up between you and the TV, set the laptop on that.  Now hope it doesn’t fall.

It really was painful – every time you wanted to change the sport, you had to go use the mouse or the track pad.  The sound was crap, if you could get any sound to work at all and then you’d sit back down in the chair to watch and the live stream would hangup.  It was magical…but at the time, it worked – and everyone thought you were the cool.

What did it look like in 2012?

urlThe interface looked good for time, we would laugh at it now – but it worked.  It was streaming TV – the sports we wanted to watch.

You could watch most all sports – anytime.  Most people gave up trying to really watch it on the TV and just went into the den and watched from there.  It worked.  It wasn’t perfect – but it seemed high tech at the time.

The interface allowed you to keep track of the metal count, you could see the events – kind of carnival style and it still looked like a website.

How bad is internet in Australia?

Side note: the Olympics video streaming technically started at the 2000 Sydney Olympics, which is kind of funny really – Australia has been known for its slow internet speeds and in 2000 it was worse.

Other Side Note: There were some things rumbling back in 2008 for streaming “regular” TV.  But none has sports yet.

But it wasn’t what we all wanted.  We want all the bells and whistles of the NBC live Olympics show – but the ability to watch the sport we want, when we want to watch it.

2016 Olympics Event Streaming

Hello Roku.  (It works on many streaming players…but I am in love with my Roku 4.)

This is the breakout year for streaming TV - NBC Olympic coverage is the best it has ever been.

streaming_optionsNote:  You’ll need to download the NBC Sports app or go to the NBC website to view it there.

The coverage is amazing.  It could be the breakout year for streaming TV, I mean – you can see what has been on, what is on and what is coming up.  Its what TV can be when you break the mold and try some new things.  Its not perfect – but its really, really good.

I just got done watching women’s table tennis, recapped the 10m air rifle (which I had no idea was even an Olympic sport before now), women’s handball and a whole bunch of swimming events.

judo

Oh, and also – I can still catch-up on the NBC website too.  While researching this article – I found out the 112th ranked Zambian Judo dude beat the 6th ranked dude.

hakaI also learned what the “Haka” is and that I already knew what it was because of some silly rugby movie I watched 3 years ago, (It was Forever Strong or Invictus) but I didn’t realize the dance had a real name – hey, I’m ignorant.

bballI didn’t learn this, it was more of an expectation…the USA Basketball team was dunking all over china.  And I mean MONSTER dunks…not those other remedial dunks.

Breakout Year for Streaming TV – Thank you Olympics and NBC

The coverage is Amazong.  I have almost watched more Olympics this year than any year ever – and its day 3.  I have been exposed to more sports than ever and I am excited about some of the other, different sports I have an opportunity to see this year.  Its the Olympics my way, on my schedule.

It shows the future of streaming – its the way TV should be.  We don’t need to have Bob Costas tell us everything (but I will say – the informational piece he did with the CDC dude on why the zika virus is not a huge issue to you in Brazil unless your pregnant (if you are pregnant…stay the hell out of Brazil) – but if you are not and are in any water…it probably has poo in it.)

So if you give me what I want…what I really, really want

Compelling, streaming content.  I hope other providers, networks and media types are taking notes.  This is how I want my TV.  The sooner – the better!  I don’t want to mount a dish to my roof, I don’t want to put a TV antenna in my window, I don’t want to pay you $200 a month for the privilege of you spamming the crap out of me and giving me 130 channels I don’t want, so I can get the 7 I do.

Oh, and sports networks.  (Big 10, ACC, SEC, NBA, NFL, MLB (you’ve been trying) – and ahem, ESPN) – this live streaming of TV works great.  LIVE sports is the last mile – its what we all want people.

And, Monday Night Football – what if I could watch any camera feed I WANT.  How about that?  I can still hear the commentary, if I WANT.  Rewind the things I want…but I don’t want to see your repetitive shot.  Why does every football play have to be wide angle croud shot, cut to sideline coach calling in the play on the headset, cut to QB ISO, cut to rear view…make it stop.  Maybe all I want to see if the linemen.  I like watching the ground game – the trenches…let me see that please.

Let me know when this goes down…in the mean time, I’ll be watching the Olympics.  I hear that badminton and modern pentathlon are coming up.  And I need to watch that dude crash into the wall on the bike again.  What the heck…it didn’t even look like he tried to turn at all.  And why didn’t dude in the green shirt take a picture of that?

This Olympic bike crash gives new meaning to "breakout year for streaming TV"

Communication is hard.

Why is it so hard for us to communicate?  Seriously – communication is hard.  We seem to assume everyone has a google search box into our subconscious.  (Which may not be too far away.)

the-insties-emailI was looking at my phone yesterday – and Instagram (I like to call it “the insties“) had updated and the icon changed.  I was kind of surprised as it was a “drastic” change to the logo and I didn’t recognize it at first.  I kind of thought it was odd – but whatever…then, today I received an email from “the insties” and it told me to be on the lookout for the new app and logo.

Not that it really matters…but it I guess it surprised me.  As your “the insties” email probably told you, look for a updated app icon.  That is true – and it is very different…not sure I’m a fan of the gradient, but they didn’t ask me.  And they were making a big deal about how the “rainbow lives on” – I had never associated a rainbow with Instagram…but they did, wonder if they ever communicated that to people?

The email went on to explain how they had really simplified the app design.  I’m not going to lie, I didn’t notice anything except where it looked like they took the background out…if they wouldn’t have said anything, I would have figured Apple made a change…and moved on.

So – I guess what I am saying is this seems like a pretty big deal to “the insties”  – and I am sure a ton of time and energy when into this.  Taken from a guy who has spent no less than 300 hours in meetings about logos over the years…I can only imaging the discussions that happened when they started this process.  Seriously – the probably should have recorded it and broadcast it as reality TV…I would have binge watched that in a heart beat.  Nerds and designers fighting about what color rainbow gradient colors to put in the upper left corner versus the right lower…ha, Oscar stuff.  I am not joking – that would have been killer.  I mean to have a designer go on a tyrant about how that color yellow is too warm and people who use this app are cool yellow lovers and the warm makes it feel too much like San Diego and we are clearly going for a San Francisco yellow crowd vibe.  Stellar.

Everything I know about communication can be wrapped up in one statement – you really cannot communicate enough.  People desire communication and the more time which goes between communication opportunities – the more context is lost.

Good luck – don’t forget to communicate early and often and please call me if you will be discussing nay logo changes.  I’ll get on that conference call any day.

 

Exponential Change

I work for a company called Clickstop…and we’ve worked very hard to grow a lot.  We’ve averaged a 30+% growth path over the last 5 years.  That is when many companies were experiencing flatness and downturns.  And the growth we’ve experienced – its good.  But its not great.  Not like exponential growth.

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Exponential Change

It takes think VERY differently.  Because, if it didn’t – the you would have experienced wild growth in the things you are already doing.   So when I read information which talk about how companies are doing things different…it catches my attention.  And when the “things” are exponentially better than a BIG player – it REALLY catches my attention.  This is the case with Maple.

As fastcompany.com pointed out…Chipolte is the “current’ gold standard when it comes to getting more customers through lunch with a very fast 300 meals per hour or one transaction every 12 seconds.  Impressive.

Turns out, in February, they were pushing out 1100 meals – cooked and delivered in one hour.  Where can you do and see this wonderful feat…you can’t.  They have no retail.  Correct – there is not a store front, food truck or hot dog cart to visit.  The only way to get the goods is to go online.

The technology does stop there – they have a fully geeked out kitchen with advanced routing for its bicycle delivery troop which replies on highly efficient maps.

This is great – but you don’t have a food business.

Good point – how can you think like one?  What could you do differently that gets 10x more product out the door?  This is what Maple did.  And they save money doing it – because they don’t need high priced real estate to drive costs up.

If you think about it – this type of growth is all around us.  Look a the number of roads we have in the United States today vs what we had in 1955.  There are way more square feet of roads than ever before.  It’s very true with computers and Moore’s law.

How do yo do it?

If we had that answer – wouldn’t we be rich?  The fact is – it is hard.  You need to change people’s mindset and change the comfort zone.  This kind of change is not easy.

Entrepreneur as a cheat sheet and I added some of my own for good measure:

  1. Trim the fat – take into account the business process.
  2. Automate – especially if you are in a services business.  The rates will never go down – only up.
  3. Know your business – its a tight rope, you don’t want to be so close you can’t see the necessary change…but you need to change to live.
  4. Enable and Empower – you have to put the power in the people’s hands who see it every day.  They need to run the daily work and know they are trusted.
  5. Share – you must find others like yourself and share information and tricks.  This is a serious fast-forward.

Good luck in your endevours and let us know if you get food from Maple – for now we will just have to dream.