The Value Elevator Speech for your Innovation | innovationexcellence.com


The Value Elevator Speech for your Innovationby Stephan Liozu

Are you able to clearly articulate the value proposition for your innovation, your business model, or your startup? Can you recite in one quick minute this value proposition and two to three value drivers that illustrate its power and monetized differential value? If you are a business leaders in the trenches, a multi-tasking entrepreneur or a busy innovator, chances are that you have not gone through the exercise and are not ready for it.

I was recently participating in a top management conversation at a fairly large high tech start up and I asked leaders around the room if they were able to articulate the business model value proposition and their critical value drivers. The question took them by surprise and generated some interesting internal discussions. I was invited to speak with them about their potential pricing problems but we quickly realized that the problem resided in the business model fundamentals and the overall value proposition. The conversation uncovered internal disagreements, some frustration among the various executives, and a real need to take a step back and reflect.

Case closed! How can one have a creative and constructive discussion on pricing models without have a clear idea of what your innovative business model is all about and what types of differentiating features you bring to your customers? This is fundamental exercise that every marketing manager, business manager, innovator,  and entrepreneur should go through to create a crisp value story that will create excitement and interest for customer, investors and partners.

There are three critical elements to work as shown in the figure below.

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Mark Cuban: What Entrepreneurs Need to Know Before Starting a Business


 

Mark Cuban is known for being outspoken and no-nonsense when it comes to business. This week, the billionaire tech entrepreneur, investor and owner of the Dallas Mavericks participated in a question and answer session on popular social news site reddit where he discussed all things business, basketball and, of course, Shark Tank.

When starting a business, Cuban said every entrepreneur needs to know that it’s not so much about having a killer idea as it is about being completely prepared to take a product or service to market. “Everyone has ideas, most don’t do the work required to get the job done,” he wrote.

Another thing aspiring business owners need to keep in mind: Sales are the most important aspect of a small business, Cuban wrote. “No sales, no company.”

 

entrepreneur.com | Editors’ Picks


How to Be an Entrepreneur at Your Day Job
by Cristi Young | image credit: ShutterstockHow to Be an Entrepreneur at Your Day Job

As an entrepreneur, two things are probably true at some point in your career trajectory.

First, thinking like an entrepreneur is nearly impossible to turn off. If you’re driven to be a self-starter and creator, odds are that you’re constantly thinking and planning. Secondly, there will come a time — barring any unforeseen angel investors or trust funds — that you’ll need to take a job before fully branching out on your own.

Although startup costs vary, launching your own vision does come as some price, which means many budding entrepreneurs find themselves working a day job — planning for their dreams while feeling chained to a desk.

Read more »

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Stressed Out? Relax With These 5 Free Apps
by Cynthia Boris |image credit: Shutterstock

While technology is supposed to make our lives easier, it has also left many of us feeling more stressed. We have emails rolling in at all times, phone calls in the car and, thanks to Wi-Fi, we can conduct business almost anytime from anywhere. The workday never seems to end — and that’s not healthy.Stressed Out Relax With These 5 Free Apps

It may be impossible to unplug your life, so try these five, free apps for your iPhone, iPad or Android phone to help relieve stress:

1. Breathe2Relax: This simple app guides you through a series of deep, controlled breathing exercises that can relieve stress and leave you feeling more energized. Breathe2Relax uses a combination of visual and audio cues to slow your breathing rhythm while soft music plays in the background. The app allows you to adjust the inhale and exhale length, as well as the number of cycles.

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Time & Follow Through on Your Goals


Manage time and follow through

Work Awesome | Pooja Lohana

Several years ago, I moved to Silicon Valley to pursue a healthcare-related postgraduate degree. The first six months or so of school was the most rigorous academic experience I’ve ever had. Forty plus hours in the classroom per week plus study time crammed into short quarters was much more than I could handle.

After things started lightening up a bit, I began expanding my horizons in the local area. I started meeting people who were young like me, but working at some of the local famous tech companies. It seemed like everyone was incredibly busy at work but were always making time to meet with other people to talk about startup companies.

I soon started attending some of these meetings because my background was related to the tech industry. It wasn’t long after that when I decided I too wanted to try a startup.

I didn’t know where to begin so I started making a list of the most important things a startup needed. I started asking questions around venture-capital, fundraising, software development, and all the other things which can go into a new company. All of these things were great, but without a rock solid idea I didn’t think I’d have a chance of succeeding.

I partnered with a local entrepreneur who had experience building and selling companies. He also had experience in the healthcare space so we decided to do a healthcare startup. On top of all my personal responsibilities at school I spent long hours trying to manage my time and develop our idea into a fundable business.

It’s been a few years since we set everything in motion but now after countless hours of hard work we’re finally seeing the company take off.

It’s definitely been an interesting journey through the wilderness to get to where we are. We’ve had to set milestones and goals and work diligently to achieve them. Business plans don’t write themselves. Strategic partners aren’t formed on their own. Software coding doesn’t happen out of thin air. These must all be accomplished by making a target and aiming for it. If I had to sum it up in two things, I’d say I only succeeded in starting up my business because I learned to manage time and follow through my goals.

Manage Your Time…  Leer más “Time & Follow Through on Your Goals”

Startup Websites for Design Inspiration | vandelaydesign.com


 

vandelaydesign.com

Whenever I’m looking for design inspiration, i always end up on startup websites. They are, in my opinion, the best of the best in terms of what you can see online. And this, for one simple reason. The performance of a startup, online, directly correlates to how well designed their website is. This is why startup websites act as a great guide for me in my design process.

I think there is no better inspiration.

Below are 50 of the best startup site designs that i have seen out there, for your inspiration.

If you have any more, then let me know in the comments!

Enjoy.

StatusBoard

StatusBoard

This startup makes it easier to have an overview of your projects with a beautiful and easy interface.

Fundable

Fundable

Fundable is a crowdfunding startup based on rewards and equity.

A Small Orange

A Small Orange

A Small Orange provides web hosting to users in an innovatively small local business type of way.

TripLingo

TripLingo

With its hugely innovative app, TripLingo makes it super easy to learn a local language when you’re abroad.

Woothemes

Woothemes

Woothemes provides custom wordpress themes for all types of web publishers. Including both ecommerce stores and blogs.

Referly

Referly

Referly is a pinterest like site, where users earn more for referring items.

NotAnotherBill

NotAnotherBill

Not another bill is a unique startup out of the UK that sends interesting mails to users around the country. The mails include interesting gifts, such as a unique sundial or a vintage compass. Leer más “Startup Websites for Design Inspiration | vandelaydesign.com”

Create your own definition of innovation | game-changer.net


by Jorge Barba
innovation clarity

As part of my auditing process, one of the key questions I ask is: what was the most recent innovation in your industry?

Depending on how this question is answered, it will tell me a few things:

  • How this company both defines and perceives innovation
  • If they are focused on innovation
  • If they are keeping tabs on their respective industry

That question is followed up with a similar but less obvious question: who is the most loved in your industry and why?. This one tells me if they even care about delighting their customers. But it can also tell me if they associate customer loyalty with innovation. Leer más “Create your own definition of innovation | game-changer.net”

Secret: Your Age Doesn’t Matter


Inc.com - The Daily Resource for Entrepreneurs

Hey, baby face. Think you’re being judged? You’re not. In fact, you may be at an advantage when starting a business.

Baby Face

Getty

If you have the sort of cute-but-less-than-authoritative face that causes random aunts to reach out and pinch your cheeks, is your career as an entrepreneur bound to suffer? After all, who would support the business ventures of someone who looks like he could still be mowing lawns for pocket change to go to the prom?

But baby-faced business owners and entrepreneurs who are genuinely young and look their age should take heart: Not everyone thinks your youthful looks are simply a disadvantage. For instance, a new study led by a professor of marketing at Stanford University’s Graduate School of Business finds that when hiring managers are given a choice between proven ability and apparent potential, they often opt for the excitement of the untested but promising candidate. Leer más “Secret: Your Age Doesn’t Matter”