SteveBizBlog

The Art Of One-Downing the Competition to Improve Sales

How To Harness the Paradox of Technology with One-Downing Tactics

Small Business Operations / Business Plan, Branding, Blue Ocean Strategy

Discover the Paradox of Technology and How It Complicates Our Lives Despite Promising Simplicity. Explore The One-Downing Strategy That Empowers Small Businesses to Differentiate Themselves by Offering Simplified Solutions in A Crowded Market. Uncover Real-Life Examples of How to Remove Unnecessary Complexity from TVs And Car Radios, Highlighting the Importance of Focusing on Users’ Essential Needs. Embrace Simplicity and Improve User Experience to Captivate Customers Seeking Hassle-Free Solutions in A Tech-Centric World.

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Entrepreneurial Journey – 11 Powerful Lessons I Have Learned from Bands

Lessons From Successful People / Blue Ocean Strategy, Investment, Emotional Appeal, Inspiration

The Journey That A Band Goes Through Turns Out to Be Very Similar to A Business Founder’s Entrepreneurial Journey. Founders Can Expect to Encounter Many of The Same Issues and Challenges That A Typical Band Goes Through on Their Way to Stardom.

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How to Transform your Clone Business and Stand Out

Small Business Operations / Banks, Value Proposition, Blue Ocean Strategy, Trends

Every day, entrepreneurs invest huge amounts of time and money to build a business that they think will be better than the competition. However, all too often entrepreneurs struggle to articulate how their value proposition is fundamentally different from their competition. These businesses are what I call clone businesses.

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How The Graf Spee Can Teach You To Be Successful In Business

Small Business Operations / Niche, Sunk Cost, Value Proposition, Blue Ocean Strategy, Disguise Your Intentions

History especially when it comes to war is chocked full of lessons for the small business owner if they take the time look at the messages and consider how they might apply the lessons to their own business.

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An Unbelievably Simple and Overlooked Strategy to Crush Your Market

Learn to Think Like a Customer, Small Business Marketing / Niche, Mentor, Blue Ocean Strategy, DIFM, DIY

There are 2 kinds of customers out there: Do-It-Yourself and Do-It-For-Me customers. Most businesses only consider the same type of customers others in their industry are already targeting. Targeting the same customer with similar solutions leads to less opportunity for growth and tighter margins. Few businesses see the potential to offer an alternative solution.

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Strategic Partnership Principle – The Truth about Competitive Analysis

Concepts Entrepreneurs Need to Know / Business Plan, Branding, Mentor, Blue Ocean Strategy, Misinformation, Niche

Learn how the strategic partnership principle practiced by founder entrepreneurs can help you build products for little or no cost

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How Your Reasoning Skills Can Affect Your Business Success

Concepts Entrepreneurs Need to Know / Misinformation, Business Plan, Innovation, Blue Ocean Strategy

The reasoning style of the manager entrepreneur, with their predominantly causal reasoning, approaches a business startup very different from the founder-entrepreneur, who approaches a startup business primarily with effectual reasoning.

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Four Business Lessons From The Sturgis Motorcycle Rally

Small Business Operations / Pricing Concepts, New Ideas, Location, Sturgis Rally, Blue Ocean Strategy

As I write this post, I have just returned from a motorcycle rally in the Black Hills of South Dakota. This rally is often referred to as just “Sturgis.” As always, the trip was full of lessons for entrepreneurs. Now, you may be surprised by that, but stick with me and you’ll discover these lessons

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Coming Up with New Ideas

Small Business Operations / Business Model Canvas, Blue Ocean Strategy

The task of generating new ideas through the Business Model Canvas exercise should not be left to creative thinkers alone. Moreover, you should not only assemble a team of experts but instead assemble a team of diverse individuals. To increase your team’s diversity, include: What does your creative team look like?

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Applying the Blue Ocean Strategy to the Business Model Canvas

Small Business Operations / Value Proposition, Boomers, Business Model Canvas, Blue Ocean Strategy

To apply the Blue Ocean Strategy, you start with a Business Model Canvas that describes your industry and then look at your the business model canvas from three different perspectives: the cost perspective, value proposition, and the customer segment.

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