What is our value proposition?
For 10,000 years, during a period I call the Age of the Seller, answering this question was the focus of every business as it went to market. Indeed, customers refined their search for products and services down to the semi-finalist sellers based almost entirely on components of the classic competitive value proposition: price, product, availability, service, etc.
But then something happened.
The Age of the Seller was subducted by The Age of the Customer. In this new era, where value is now presumed, the prime differentiator is no longer competitiveness, but rather relevance. Today the question every business must focus on when they go to market is: What is our relevance proposition?[Continue Reading]
The first Plantagenet King of England, Henry II, is important to contemporary small business owners because he’s considered the founder of a legal system to which entrepreneurs owe their freedom to be.
As many of you know, for over 23 years, I conducted over 1,000 live interviews annually on my radio program, The Small Business Advocate Show. I get to ask four really smart people a lot of questions. But occasionally the tables are turned on me, like when Alignable.com podcaster, Alan Belniak, asked me several questions about small business on his show. I thought you’d be interested in that interchange.
As the father of a daughter and a son, plus the grandfather of four knucklehead boys (Hurricane, Tornado, Crash, and Train Wreck), I’ve learned some things about love, especially the parental kind.
Do you have enough customers? Here’s a better question: Do you have enough of the right kind of customers?