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Suggest You - Breaking the Growth Barriers in the Information Technology and Software Sector
Small Business - Help to Double Your Business Results is Just 3 Words Away an long-term strategy During a recent presentation to a local bank's small business clients, I was questioned specifically as if I could share everything that I know about performance improvement for businesses, what would that be in one simple sentence? Even though I had never been asked that specific question, I knew immediately the answer to that query.Before I provide you with my response, I challenge you to answer the same question. As a business owner or executive coach or even an individual, if you could share everything that you know about improving the performance of your business (or even yourself), what would that be in one simple sentence?Do you have your answer? Well, let's compare.My answer was three words: Ask, Ask, Ask. Now let me demonstrate how these 3 words can quickly double your business.This past summer through a referral I was asked to speak to a local tourism and hospital Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or Advantages Of Outsourcing For The US Companies There's nothing automatic about corporate growth, particularly in the information technology industry; build it and they will come is a myth. In the real world there is either a structured, process-driven growth cycle, or stagnation—and stagnation is automatic. Inherent to growth cycles are barriers, real-world business challenges that put some software companies out of business and spur others on to break through those barriers to higher levels of success. Overcoming those barriers is the very definition of growth; when you break through a barrier, you've achieved growth.Although the first attempts of outsourcing appeared long ago, outsourcing has gained the real popularity only recently, and its growth is constant and rather impressive. More and more companies today delegate important tasks to their overseas partners, as soon as they understand all or some of the advantages of outsourcing to other countries.Indeed, what are the most obvious and convincing advantages of outsourcing to India, the Philippines, Eastern Europe and other important centers of major offshore specialists?The first and the most appealing advantage of outsourcing deals with cutting the costs for the experienced labor force from abroad. An Indian offshore IT specialist would be much happier earning from 300 to 500 hundred dollars a month working for an American company than for a local firm earning even less. It is obvious that it goes in no comparison with what an American employer will hav You're a software or information technology company, prosperous in 2005, which means that you have a good product, you've made some smart decisions and you've already broken through some growth barriers. You're successful. Now what? Any company, regardless of age or size can experience barriers to growth: if you find it hard to develop and maintain market momentum; are tied to your entrepreneurial management style and unable to scale; have reached a level of revenue or income and stagnation is settling in; or if your revenue is generated from one product, service, client, or industry, then you're at the next growth barrier, you need to be able recognize it, and you need to prepare to cross it. This overview discusses the typical growth barriers that confront many IT and software companies, and how external consultants can be used effectively to break through those barriers. Strategy Constrained At this point your company or product is in the early stages of its evolution. You've landed a handful of key accounts, and you're encouraged by your early success. Now you need a plan, a strategy, a concrete agenda that will move your information technology company from being a collection of talented people with a common goal, to being a team with a common goal and a battle-tested strategy for achieving that goal. This stage is characterized by:
By delivering guidance on corporate strategy, a marketing strategy consultant may be able to help a company like yours to:
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or Title Proliferation nd you've already broken through some growth barriers. You're successful. Now what?I have recently been doing quite a bit of work in the European Community and more particularly in the UK. One of the things that I've found interesting is that many of our European brethren are not familiar with the term "C-suite executive". As the yank from the colonies I've found myself attempting to rationally explain the phenomenon of “Title Proliferation” (which is comprised of "Title Escalation" and "Title Inflation") that we've experienced in the US over the last several years. After a few explanations and a little reflection, I thought this topic worthy of today's blog post (or blog venting session as the case may be).It wasn't that long ago that we only had a handful of C-suite positions: Chairman of the Board, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer...Oh what a wonderful era when Corporate America was a simple place where a president was a president and not Any company, regardless of age or size can experience barriers to growth: if you find it hard to develop and maintain market momentum; are tied to your entrepreneurial management style and unable to scale; have reached a level of revenue or income and stagnation is settling in; or if your revenue is generated from one product, service, client, or industry, then you're at the next growth barrier, you need to be able recognize it, and you need to prepare to cross it. This overview discusses the typical growth barriers that confront many IT and software companies, and how external consultants can be used effectively to break through those barriers. Strategy Constrained At this point your company or product is in the early stages of its evolution. You've landed a handful of key accounts, and you're encouraged by your early success. Now you need a plan, a strategy, a concrete agenda that will move your information technology company from being a collection of talented people with a common goal, to being a team with a common goal and a battle-tested strategy for achieving that goal. This stage is characterized by:
By delivering guidance on corporate strategy, a marketing strategy consultant may be able to help a company like yours to:
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or Leading Change - Fatal Results When You Force Timelines rriers.Every leader of organizational change has a timeline. The Big Kahuna wants it done by such and such a date and that date becomes the gospel. There is just no changing it. Let me take you on a trip and show you why that is often fatal, for the project, the organization and mostly the people involved.Go back with me to the summer of 1967. It was in the northern provinces of South Vietnam and I was a sniper team leader with the U.S. Marines. It was my second consecutive year in country and we were assigned to go with a Marine infantry unit to a nasty place called the Street Without Joy located in Quang Tri Province. It was an area in the sand dunes with tree lines and hedge rows and villages.You have to know that at that time the Marines carried the M-14 rifle. Twice each year we had to do what they called ‘field strip’ the rifle. This meant taking it apart and putting it back together, blindfolded i Strategy Constrained At this point your company or product is in the early stages of its evolution. You've landed a handful of key accounts, and you're encouraged by your early success. Now you need a plan, a strategy, a concrete agenda that will move your information technology company from being a collection of talented people with a common goal, to being a team with a common goal and a battle-tested strategy for achieving that goal. This stage is characterized by:
By delivering guidance on corporate strategy, a marketing strategy consultant may be able to help a company like yours to:
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or 7 Ways Television Influences Your Prospects Behavior - Leverage This Into Money In Your Pocket! l>• Make technological platform decisions
Did you know, that television -- the persistent purveyor of pop culture here in America -- shapes a LOT of your prospects behavior patterns?Here, listen to this:1. The average US home has the TV on for 7 hours and 40 munites a day.In case you're wondering, that means by the time a child is 18 years old, they've already been exposed to 50,367.6 hours of television!Sheesh!2. The average amount of television the average American watches, is over 4 hours a day. (that's 17% of your life, by-the-way)Likewise, this means the average American has actually watched over 26,280 hours of TV by the time they're already 18 years old.3. 50% of all US households have 3 or more TV's in their house.4. (And this one was amazing) 45% of all parents say if they have something important to do, they'll use the TV to occupy their children! (Whatever happened to books,
Capital Constrained You've taken your software company or product as far as you can on your savings. Or perhaps you've made a few key sales that have kept you afloat. In order to move your company on to the next phase of development you need an infusion of capital to hire skilled employees, make key acquisitions and fuel your growth. Technology is your specialty, not prospectus writing for venture capitalists. This stage is characterized by:
Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or Be Prepared for Any Interview Question an long-term strategy Things can go really against you despite your thorough preparation for just a couple of ‘types’ of interview questions. However, it is possible to ignore or forget the other types of possible interview questions. This brings us to different ‘types’ of interview questions, along with traditional questions or questions pertaining to your core skills.Types Of Interview QuestionsIt is crucial for you to be able to anticipate different types of questions that may come up in an interview. Let’s categorize them into three types:1. ‘Out of the box’ questions and hardcore questions are the traditionally asked ones that cannot be readily anticipated. They may or may not be related to the job at hand, and are designed to see how well you can ‘think on your feet’.2. Questions That Test Behavior And Problem Solving Abilities. These aim to find how you have conducted yourself Through road-show ready business plan development and introduction to network of VCs and angel investors, a strategy consultant may be able to help a company like yours to:
Skills Constrained Typically a company finds themselves at this stage of development with a great product built on sound technology aimed at a particular industry, and their first round of financing secured. They also find themselves with a weak or non-existent positioning statement, a reactive product management process, exhausted or ineffective sales skills, and a strictly opportunistic business development strategy. Company growth is limited in part by the notion that the product will sell itself because it is superior to any other on the market—indeed, it may be the only offering. Revenue growth is limited because the product is defined in terms of its functionality, not its value to the customer. The offering, and by extension the company, is still being defined by technologists; it has yet to be married with a solid business development plan, marketing or sales acumen. More worrisome is that the very success of your company has brought you to the attention of major players who do have personnel and strategies dedicated to driving you out of the market; they view you as a threat. Your days of flying under the radar are over. This stage is characterized by:
Through sales, marketing, product management and business development acumen, a sales and marketing strategy consultant may be able to help a company like yours to:
Process Constrained A company at this stage of development is typically successful, no longer a start-up, is being run by a management team, has been accepted in the market, and is competitive. However, fundamental product development and sales and marketing management processes have not yet been accepted within the foundation of the corporate culture. This means that the solution to most situations are human-based, usually hand-crafted by the management team; the foundation of proven processes is absent. This stage is characterized by:
By introducing repeatable, best-of-breed processes for sales, marketing and product management, a sales and marketing strategy consultant may help a company like yours to:
Innovation Constrained Organizations at this stage of development have achieved a great deal of success; processes are ingrained, product development is streamlined, and sales and marketing systems are in place. But by definition the market keeps shifting: your product is being eclipsed by younger companies with products that perhaps even capitalize on your R&D and experience; your market may be satu
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