A flight plan before you take off with your new business idea

soaring at sunrise
soaring at sunrise (Photo credit: (nz)dave)

It’s time for action. You’ve tested your useful, new business idea in the marketplace and refined it. You’re ready to introduce your product or service on a wider scale.

Don’t be too hasty.  Preparation – organised planning –that important final step needs careful thought before you thrust your business into flight.

It’s astonishing how many would-be entrepreneurs and start-up owners forget this step, plunging headlong into their business venture without proper preparation.

Here are some important considerations before you take the plunge: Continue reading “A flight plan before you take off with your new business idea”

Stuck for ideas? Try these tools for brilliant results

shower out
Some find ideas flow under the shower.

Coming up with new business ideas for products and services involves observation, listening especially, especially to gripes, and reading in your chosen area of interest. These are the tools we all have, some more developed than others, and that with effort and imagination we can spot opportunities. This is particularly so when we make connections between unrelated or random thoughts, concepts, ideas, and objects.

But what should we do when we are stuck or simply need to explore ideas? This is when we can use idea generation tools to show us new possibilities for products and services. Using idea-generation tools and techniques we will be able to come up with more ideas than we can use. This increases our opportunities for coming up with better ideas and perhaps even breakthrough ideas.

Let’s look at a simple example to highlight the value of generating ideas in quantity. Top commercial photographers for high-readership, quality magazines take many photographs before they find one that will perfectly illustrate their subject of interest. In National Geographic’s “50 Greatest Pictures” some of the behind-the-scenes secrets were given. One sentence shows just how much trial and error goes into shooting iconic images:

“A photographer shoots 20,000 to 60,000 images on assignment. Of those, perhaps a dozen will see the published light of day.” Continue reading “Stuck for ideas? Try these tools for brilliant results”

How to get ideas

Human ear icon

Ideas can just pop out of the blue.

Or come to us when we are busy.

Reading, watching a movie or overhearing someone complain.

Let’s briefly go through the abilities all of us have to find ideas – observation, listening and questioning.

Observing for ideas

Observation is something we do all the time. We watch people; we observe what they do, observe how they are dressed and see what they buy.

From our observations we connect ideas with those we see to form new and better products and services.

We may, for example, come across a flower delivery service. Then observe at another time home-made chocolate being made, connect these two ideas and fuse them into something like a delivery service for chocolate gifts on special occasions. Continue reading “How to get ideas”

How to avoid getting lost in the idea-generation woods

Bush Suicide
(Photo credit: bixentro)

Do you need to come up with new business ideas fast?

So urgently that it feels that you’ve got a gun against your head?

I’ll let you into the two main ways to come up with money-making ideas for products and services even if you have no experience.

Are you ready?

Let’s get started.

You can use idea-generation techniques to come up with your own original ideas. For people wanting to generate ideas for products and services this can be the most risky approach. Why? Because original ideas may be too far ahead of your potential customers.

We’re not talking about an original recipe for a new chilli sauce here. These condiment products have been on the market for decades. Think of a product such as James Dyson’s bag-less vacuum cleaner. It took years for such a new invention to be accepted by the marketplace.

New and original often equals big money on educating the consumer or business person. Idea-driven start-ups face difficulties in trying to make money. It’s not impossible but it’s best that you are warned up front about the obstacles you’ll battle against. When you need income in a hurry, you can’t wait for years to develop and have your new product or services accepted in the market. Continue reading “How to avoid getting lost in the idea-generation woods”

New business ideas – why should small businesses care

Cash
Cash (Photo credit: BlatantWorld.com)

Why are ideas so important to our lives and particularly for our business ventures?

Ideas are as essential to our lives as is breathing. Just think about how many ideas you come up with in a day at home, at work and at play.

For small business owners and those who want to form start-ups to sell and market their own products and services idea generation is absolutely vital for competitiveness and to make money. We need ideas because we are living in times that are changing, dynamic and challenging.

You see it all over the place: in shopping centres, on websites and blogs, in magazines and newspapers and on radio and television. People are coming up with new business ideas all the time to provide products and services to prospective customers so that the value that they create is bought by customers and that the business owners are able to bring in income. Continue reading “New business ideas – why should small businesses care”

Come on! It can’t be this easy to get ideas can it?

Ideas for recycling

A reader asked me this question after reading “Creativity sucks. Or does it?” last week:

QUESTION: I read your blog post on “Creativity sucks” and wondered whether you are for imitation rather than generating original ideas. What gives?

CHESNEY: First off, I don’t want to offer any stuffy definitions about original ideas and imitation. Let’s be clear: Imitation doesn’t mean wholesale or complete copying of someone else’s idea. You still need to generate ideas to come up with a product or service that is different from those already introduced or you will just be giving customers what they can buy elsewhere. You need a distinct point of differentiation.

What I tried to get across was that imitation can involve creativity. Duplication or direct copying is not. Let’s face it; imitation is not about mindless copying of others ideas, products and services. The fast follower needs creative imagination to come up with a product or service that is similar but different what’s already on the market. Continue reading “Come on! It can’t be this easy to get ideas can it?”

Kill your creative ideas! It’s innovation that counts

Kill your creative ideas!When people think about creativity associations that come to mind are playing silly games, drawing with crayons and coming up with ideas on flipcharts that are so unrelated to real-life that it seems that they are just one big fantasy.

No wonder why many people dislike talk about creativity or even fear creativity.

Creativity requires uncertainty because it usually involves something that we have not done before. New ideas can be scary. And when one faces uncertainty fear increases: creative ideas can make one look foolish or lead you to doing something stupid. This is why it’s often better to get yourself in a relaxed state no matter what the circumstances to come up with new ways to solve important problems.

At www.ideaaccelerator.co.za we hardly ever talk about creativity, treating it cautiously so as not to put you off. The number of negative associations with the word and the process of creativity is a large field quite distinct from the world of innovation and particularly innovation in small business.

Continue reading “Kill your creative ideas! It’s innovation that counts”

What you need to know about age and innovation

Ideas at any ageA reader asked me this great question a week or so ago:

QUESTION: I’ve read about all these innovators below the age of 30 forming new businesses, mobile apps and Internet businesses. What chance has someone got if they are older? Is it too late after a certain age to innovate?

CHESNEY: Right off I’d say that age doesn’t matter at all. But at the same time who’s going to argue that youth doesn’t have a strong head start? Especially when it comes to energy and drive. And the reason why so many young people are making it especially in the online world is because they have grown up with the technology.

Continue reading “What you need to know about age and innovation”

Who ever heard such nonsense about negotiation?

Whether you run a small retail or manufacturing business, a service outfit or act as a solo consultancy, you must have at one time or another been personally involved in some difficult negotiation that tested your mental powers to the limit.

As you wracked your brain for solutions, thought up ways to secure the best deal for yourself and visualised solutions to protect your interests, it’s hard to argue that your imagination wasn’t being stretched.

I came across some research the other day about creativity not really playing a significant role in negotiation. I’m not sure I even understand these academics but in my experience and observing other business people locked in negotiation I’m absolutely convinced that creativity does make a difference in negotiation.

Before we see how creativity influences negotiation, let’s look at what negotiation means. In the real world, all the academic definitions of negotiation don’t make much sense. What’s more grounded in reality is that negotiation is really about finding some sort of agreement that is mutually acceptable. It might require compromise. But if you don’t like the envisaged outcome you can always say no and walk away.

Negotiation is important to all of us because we do it all the time. At home, at work, at play.

I recently participated in several role playing negotiations. What I was struck by was that the negotiations deadlocked every time for these reasons: The negotiation team members did not creatively imagine their opponents’ world. They did not fully understand the world of their customer or seller and therefore could not make a fully imaginative assessment of their needs, wants and desires. With more creative thinking, viewing the problem from different perspectives, they could have immersed themselves more fully in their customer’s world.

The other area where they could have used more creativity was to brainstorm and invent more options for mutual gain. And in instances where there was no hope for this, they could have walked away from the deal.

Making conditional proposals, so the other side can’t get what they want from you without you getting what you want from them in return, requires creativity. So does setting the agenda or order of business. Deciding what issues to discuss first and which ones to deal with later is a very creative act especially when the stakes are high.

These are just a few instances of creativity in negotiations. In these economic times it is crucial that you negotiate the best deal with your customers, suppliers and other business people.

Leaving money on the table doesn’t only leave a bad taste in your mouth, it also hurts your bottom line.

 

Stay inspired

Chesney Bradshaw

 

 

Creative heads in the clouds

Creativity in advertising can help catch people’s attention and win customers. Yet some advertisers’ heads seem to be in the clouds when they don’t pay attention to the conversation taking place in their market. Creative approaches need to link with the customer’s world to provide returns.

 Sometimes you just wonder how “creative” advertising can be so detached from its real world surroundings. It’s much too easy to criticize someone else’s advertising so I will mention just one short falling of an advert I saw in a national business weekly. It totally missed a big opportunity.

The advert was about cloud computing and gave examples of its applications in society and ended by mentioning the company’s contribution to global computing. All very good except that this ad was run on the Sunday midway through the COP 17 climate change negotiations in Durban. Surrounding pages in the business section were plastered with ads about climate change and solutions for a low-carbon future. Now, how possibly could the advert fail to mention any reference about climate change? It’s sort of like walking up the road from King’s Cross Station and not being aware that the place has social problems (which we won’t go into here).

After reading the advert on a flight to Durban I asked the passenger sitting next to me: “What do you make of this?” He took a look and said, “They could at least have mentioned something about their e-waste and what they are doing about it.” Later the passenger mentioned that he was the climate and environmental advisor to the presidency of a country in Africa.

Being present to the conversation already taking place

So what is the real message for marketers – off-line and online – with this advert? Simply put, to be present and listen to the conversations already taking place among customers. Surely, the team that put together this advert could have thought about what would be going on when the ad would appear? If they had, they might have recognised that COP 17 would be a major topic of discussion in the papers and online during the negotiations taking place in Durban.

They could have come up with a quick short-list of examples of solutions that their computing is bringing about to help mitigate climate change. It would have then been easy for them to join their customers’ conversation which would have certainly included climate change and the global climate change negotiations. The other advertisers had thought about their timing – some even used leaves symbolically acting as the blades for wind turbines to promote renewable energy.

Creativity doesn’t mean generating ideas that are detached from people and the marketplace. Products of creativity are meant to inspire, entertain, influence perhaps and ultimately sell. Even a five-minute session with a basic idea generation tool would have assisted in this instance with developing the original idea and making it so much more powerful.

Loosen up and fire your imagination

By joining the customer’s conversation, understanding their interests, problems and aspirations, businesses become more relevant and real when they try to connect with customers. Communicating with worn-out come-ons or unsupported authority in a competitive marketplace is just not authentic or meaningful. But to get there companies need to loosen up and become more creative.

The problem is that the words “creative” and “creativity” are such catch-all terms that they have come to even have negative connotations. What we mean here by these words is to come up with new ideas that will profit your business. It involves a search for ideas using creative and innovation tools that help you generate a range of possibilities that hold the potential to produce amazing results whether for your product, service or business.

Encourage expansive thinking

Such expansive thinking may itself sound like needing to put your “head in the clouds” but it is vital when your business is under threat or you need innovation to compete against increasingly strong competition, especially in 2012. Innovation, coming up with new products, services and new ways of doing business, is essential for responding and anticipating a changing business environment. For smaller businesses that are much closer to their customers whether on main street or in industrial parks innovation is critical for maximizing returns on any investment.