Tag Archives: business strategy

How to Building a Sustainable Business out from your ideas?

4 Mar

This is part 2 of the 2 part bonus videos I have created for my online Entrepreneurship Basic Course: https://www.udemy.com/course/1853390/

In this 4 mins video, I discussed 3 important business & revenue models that you need to get yourself prepared before you begin a business.

1) Product Stickiness
2) Recurring Revenue
3) Business Scalability

Enjoy the full video:

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Small Fish 语录 2 ~ 把小鱼变大鱼 🐟

27 Feb

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世上大部分的大公司企业,在开始创业时,都是从很小的规模开始。这些公司有的是在车库(苹果)、睡房(谷歌)、大学宿舍(面子书)等不同的地点,开始了它们的企业使命。

一门企业最艰难的时刻,就是在它开始的初期,因为连创办人本身都不知道,自己的创业点子和想法是否能被客户及市场接受?自己所创立的公司是否能够活得下去?他们所抱着的是,对自己理想的一份信念,坚持走自己的一条路,再辛苦、再困难也得走下去。

在同一个时刻,初创型的公司也会面对强大的压力,因为当你还是小规模的时候,你总是缺乏应有的资源来发展公司。论财力、人力等都不能比别人优势的时候,要如何才能够生存下去?

这时候的小公司就犹如一条小鱼,独自地在大水池中生存;而且大水池中总会有比你更大条的鱼。如何能够在这大环境中活下去,而不被大鱼(大公司)干掉?这就要考验创办人的能力了。

这里有三个富有小鱼精神的新思维让创业者们参考:

1)建立自己的差异化—不论你是在经营什么样的生意,你都必须打造出你与他人的差异化。你的差异化是什么?你到底和其他人有什么不一样?为什么客户一定要选择你,而不是其他人呢?

你可以在产品服务商打造你的差异化,但同时也可以往公司的营运、盈利模式与品牌定位等别的角度,来达成这差异化的要求。比如亚航,它就是用这方式来区别与其他航空公司的不同,而不是一直以便宜的机票为卖点。

亚航成功缩短每趟航班停留在机场的时间,让亚航旗下的飞机有更多的时间在飞行,服务更多的客户。同时,也在飞行的同时,不断地找机会销售更多的产品,控制好每一趟的固定成本,也同时增加它们的利润。

2)拥有伸缩度的灵活性— 身为产品的研发人,我们都会对我们自己的产品,有种爱不释手的迷恋,但问题是其他人是否对我们的产品也一样地着迷呢?

许多时候,愿意接受其他人的意见与批评,是让我们能更好的去反省我们内部的问题。在你眼里的完美产品,但是在消费者的眼中,很可能就会变得一文不值了。所以,创业者要有足够的灵活性去调整,改善自己的不足。

创业者可以打造所谓的实验性产品(Minimum Viable Product)去测试市场的反应后,再把产品完美化。也就是说,与其你花了一整年的时间去编写一个完美的手机程序(Apps),推出后你才发现原来没几个人会下载,倒不如只花一个月的时间去编写一个测试版,你的目的只是想了解你所假设会爆红的产品,是否真的会有人去下载?

证实这一点后,才投入更多的资源去把产品改善。创业者需要大胆创新、但也要小心求证。

3)合群合作的精神— 现在的经商环境都已步入共享经济模式,我们已不再处于单打独斗的年代了。企业要快速发展,是需要及愿意地与其他人合作。

如果你今天只是一条孤独的小鱼,你其实是很容易被其他的大鱼一口地吃掉。不过,当你已是一群小鱼中的一份子时,想要直接干掉你就可没那么容易了。当你有了其他小鱼(公司)与你配合,共享着更大块的盈利蛋糕时,你将会更快速与容易的成功。

寻求他们合作时,你应该考虑到什么资源是你有,而对方没有的?你是否有对方所没有的市场?通路?产品?技术或盈利模式?这样,你才能为双方带来更长远的合作共享价值。

从小鱼(小公司)成长成为大鱼(大公司)是个漫长的道路,有许多事情也左右你的成功之路,但以上的三点将会是三项基本的创业小鱼精神,你要谨记啊!

祝福你 !

 

 

8 Pieces of Business Building Blocks

9 Nov
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Introducing “Small Fish’s Business Mastery” Blocks
In Small Fish’s business philosophy, we believed a business structure could be divided into 8 different pieces of blocks.
Although each block has it own stand-alone functions, but it’s in fact interconnected among all the blocks.
1. Business Purpose – to begin with, we often ask business owner “WHY” you started your business? What problems you would like to solve for your customers? – If your purpose is clear then your customer will buy.
2. Business Model – after identifying the why, then the “WHAT” and “HOW” will kick in to get the ball rolling. The business model is where you defined what your business needs and how are you going to make it happen.
3. Business Goals – setting up your business targets and goals for the next five years, and break in down into smaller pieces ranging from yearly, quarterly, monthly and even weekly. The action items need to be completed during this period of time.
4. Operation System – the next step is to setup the operational systems within your business. From marketing, sales, customer service, account, finance, production and so on.
5. Organization – a good business is all about having the right system with good people. To house good people, we first need to have a good organization structure. Starting from the organization chart, the reporting system, positional contract to the commission payout scheme and etc.
6. People – good people are the heart and soul of your business, there are many effects needed to attract good talents your organization. What are some of the core values that inspire good people to come work for you? If you want to build a brand for your employees, make sure that is “Culture”.
7. KPIs – this is where we measured the performances of our business. Is the business having healthy profit margin & cash flow? How are the performances of the team members? We have to measure our current business situation in order for us to improve and become better.
8. Milestones – coming to the last block of the pieces, this is where we celebrate our business achievements. Should our business have achieved the business goals and targets we set earlier? Breaking a new high sales record, opening more new outlets or business expanded to a new market.
Every piece of the blocks is interlinked among each others. In fact, we can merge Block (1) – (3) as our Business Plan,
Block (3) – (5) is about System,
Block (5) – (7) is about Team, and
Block (7) – (1) is about Rewards
Now look at your own business, have you got all the pieces filled up? If not PM us, we might be able to help.
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