Posts Tagged ‘trust’

Ahoy, Matey! Pirates and Business

If you open your eyes and mind, it’s amazing where you can find business lessons in everyday life.  The book I am reading, Michael Crichton’s final novel: Pirate Latitudes takes the concept of war from the pirate’s view.  There are a good number of similarities to small business and overtaking your competition to be learned from it.  To come up with a new business idea, it doesn’t necessarily have to be ‘new’ but ‘better’ is critical to success.

Here’s some lessons that the privateers (often mistaken for pirates) of long ago still apply…

Build a good team – When Captain Hunter came up with his risky idea of attempting capture of a Spanish treasure ship in a far off, dangerous and assumed well protected island, he needed a strong team to accomplish the quest. Building the right team for business success can be tricky, but you can’t do it alone.   Delegate responsibilities that foster team member’s strengths.

Create a more comprehensive solution – After overtaking the treasure ship, the privateers are stalked by a Spanish warship that is more heavily armed with both men and weaponry. The weakened privateers come up with a risky yet tactical solution to attempt to take down the larger ship. Creativity and doing something different with your current resources is a strong business sense. KikScore wasn’t the first trust seal out there, but it is different and more comprehensive than the competition

Overtake the competition – I’m not finished reading Pirate Latitudes yet, so I’m only theorizing here… but based upon the creativity noted above and their zeal to secure the stolen treasure, I have confidence the privateers will conquer the larger warship and bring home the gold.  Obviously in business, war is not the best option, yet clever advertising and getting your business message out there can overtake the competition.   A strong and consistent approach helps.

Pirates and privateers are mysterious, resourceful and have a rather catchy form of conversation.

How is your business pirating through the marketplace?

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Posts Tagged ‘trust’

Business Roadblocks — Is Growth Our Own Worst Enemy?

One of the reasons I enjoy being part of the KikScore is the fact that it is our own business.  Sure we have meetings and on big decisions we need to get a majority vote, but generally I can do whatever is in the best interest of the company. 

The flip is true for my day job.  No decision can simply be made.  I must first draft a compelling email, then create an attractive power-point presentation, and finally convince our legal/compliance department that I’m not the anti-christ (which is harder than you may think).  I would say that despite having a full-time job dedicated to creating new opportunities,  I spend less than 50% of time actually doing it.  The rest is overcoming internal process.

So is that what is really meant when we say that small businesses are “nimble”?  Is it that they don’t have internal machinations dedicated solely to preventing risk or is it because entrepreneurs are able to make quick decisions (and why they are their own bosses in the first place)? 

A better question is: can you ever avoid creating your own business roadblocks?  Every small company that is successful eventually becomes a larger one.  At that point, the larger company has a business to actually protect and risk takes on new meaning.  Certainly a small business doesn’t fret about risk as much, because they are “judgment proof” — meaning that if they are ever sued, the business simply packs it up and the owners move onto something else.  With a larger business, it can actually pay a judgment and risk means something (at least to the shareholders).  Perfect example is my day job.  10 years ago, it was a start-up with 3 employees.  Decisions were fast and the business grew faster.  Now we are part of a larger organization and our growth is a fraction of what it used to be.  On the other hand, we’re very profitable now (and were not in the beginning).  So risk means something to us.

What do you think…is there a way to avoid this?

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Posts Tagged ‘trust’

How Do You Judge A Website?

Let’s assume that you are shopping from a website that doesn’t use our KikScore service.  Why?  I don’t know…maybe you like to live dangerously.  How do you judge website (and the corresponding business)?  I don’t know about you, but it’s very similar to judging a book by a cover.  I mean, it is a marketing tool, so you are supposed to make decisions on the information and images that it provides.  But in making your surface-level decisions, here are some tips in helping you form a better non-kikscore shopping experience:

1.  Contact information:  A warning sign for a less than robust shopping experience would be the lack of contact information (outside a email address).  A phone number isn’t necessarily a guarantee of a great company, but knowing a mailing address, twitter info and other pieces of contact information is a good indicator that a company is interested in being having satisfied customers.

2.  Management Bios —  A site that provides actual names and backgrounds of its management team is another indication that it is trying to be transparent (and reachable).  Looking at the experience of the management team should give you an indication of prior achievement in business and, relatedly, an understanding of being trustworthy in business (at least it’s more of an indication than a faceless corporate or product name).

3.  Privacy Policy:  A privacy policy is a voluntary commitment, but it is an commitment and clear indication of what a company will do with your information post-transaction. 

4.  Look and Feel of the Site:  A sharp looking site with a minimum number of typos is a commitment.  Serious and professional business people will take the time to convey the right image and message.

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Posts Tagged ‘trust’

What Sells a Product: Marketing or Functionality?

In both my day job and with KikScore, there is a raging debate…what really drives consumers to buy your product or service?  If you talk with the product team, it’s the features and capabilities of your product.  Customers are stunned by the available features of your product and must have it.  The sheer elegance of this service makes your product a customer priority.

On the other hand, the sales team is convinced it can sell “ice to an Eskimo”…that regardless of the product, through persuasiveness, a salesperson can convince a shopper to become a customer.   Don’t even get me started on the branding team…they literally believe that the choice of font will dictate the annual revenues.  They may be right, but it’s only for really cool fonts.

Who’s right?  This is an important question, as it really dictates how resources are allocated.  For KikScore, we’ve been working hard on product features and new services.  Sounds like a good idea, but that means we are not applying time and money towards marketing and sales/creating new channel relationships. 

There really is no way to find out the right balance.  Successful products magically seem to have great features, slick marketing and a very solid sales team.  Is it a chicken and egg scenario?  Or do all of these need to exist before your product takes off?

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Posts Tagged ‘trust’

Diary of a Startup: Staying in Touch

KikScore is made up of 7 team members.  We are on 2 different time zones.  Several of our members travel regularly for their day jobs.  One of us has a consulting business that requires odd-hour projects.  All of this adds up to difficulty in scheduling time to talk. 

And by “talk” I mean talking about the direction of the business as a whole.  Because we have side calls with partners, channels and customers.  We also have subset discussion focused on marketing and technology.  Not that this is unique to KikScore, but I would say that 50% of our time is not spent on plotting strategy.  Instead we focus on delivering product and satisfying partner/customer requests. 

One of the things I worry about is staying “in touch”.  Talking isn’t enough.  As I describe above, the KikScore team talks a lot, but we need more time to think together.  While most of us are in one city, it doesn’t mean we sit down each week and just talk about general direction.  We are so busy with opportunities, we’re focused on getting through the day.  So how do you preserve the connection that first brought you together?  I have no idea.  We’re trying to use Skype and get together for lunches related solely to strategy, but as we work on more projects, those lunches are turning into project status meetings.  It’s a challenge.

I throw this out to the readers…any suggestions in rekindling our long conversations on strategy?

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Posts Tagged ‘trust’

The Awe Inspiring Essence of Creativity

I stumbled upon an interesting and motivating quote a couple weeks ago:
Life isn’t about finding yourself, life is about creating yourself — George Bernard Shaw

This got me thinking about how creativity comes into play in defining not only who we are, but how the world sees us.  My daughter, who turned 2 in December, has started mastering marker to paper, and paint brush to easel.  My husband and I praise her creative wonders and display many of her designs about our home.

As I hung two of her recent ‘dinosaur’ masterpieces on my office wall today (one scanned above), I am overwhelmed with not only a sense of pride but an inspiration to be more creative myself.   To force more creativity in my daily doings and namely in my business activities (both day job and KikScore).  To remind myself that a little bit of color and imagination can be awe inspiring.

In order to maintain a competitive edge in business, you must have innovation that not only keeps your customers interested and coming back, but ensures they are shouting out accolades about your business with their friends and beyond.  Since teamwork is a key element to business success, you need to keep your team motivated and the creative juices flowing.

We continuously encourage creativity and individuality in our children… and we need to carry that forth and foster it in the work place environment as well.

Whether you have a start-up or a mature business, how do you encourage creativity?  Get out those markers and a blank palette… what can you create?

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Posts Tagged ‘trust’

Business Lessons from the NFL Draft

First off, let me admit.  This isn’t going to be a highly researched blog post.  Not a shocker, as I love to write about whatever I’m watching on TV.  And what I’m watching is the NFL draft.  Specifically, I”m watching my Minnesota Vikings passing up on selecting Jimmy Clausen in the first round — trading their position in the draft to the Detroit Lions.  This leads to no pick in the first round.  About an hour ago, I was climbing the walls, as the Vikings need a quarterback, and Jimmy Clausen (though he’s from Notre Dame) is a good player. 

An hour has passed and I’m no longer doubting the wisdom of my team, as the first round is over and Jimmy Clausen hasn’t been picked and when the second round starts up tomorrow, the Vikings get to pick the second player of the day.  The Vikings showed patience and they’ll pick up the player they need (hopefully) and also gain picks from Detroit.  So, in watching the first round of the draft, I’ve taken away a few business lessons for KikScore:

1.  Patience generally pays off — ok, I’m being a bit influenced on Michael Lewis’ Moneyball on this — generally reputations are overrated, and role players are interchangeable.  Let others’ impatience work to your advantage and squeeze your competitors as hard as possible when they don’t realize the actual market value of an asset.

2.  Quantity beats Quality — at least in terms of talent selection.  Put another way, would you rather have one A student or three B+ students.  I’ll take the several B students — as there are too many D students out there that you may wind up with.

3.  Position is Key — If you really need a project manager, coming across a great salesperson doesn’t really help you. Draft for you business based on need.

I think that’s the best I can do for business lessons from the draft.  If you haven any suggestions, shoot them on over.

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Posts Tagged ‘trust’

Online Shopping & Security Tips from CrunchGear's John Biggs

This is an excellent four minute video that KikScore recommends for both the small business community and online shoppers on tips to stay safe online.  The video features the author of Black Hat: Misfits, Criminals, and Scammers in the Internet Age, John Biggs.  In the video, John covers steps for staying safe when sharing data and information about yourself online, interacting on social networking sites, buying online and accessing the internet outside of your home. He has a lot of good guidance in the video including his rule to live by that you should not say or share information online that you would not be comfortable sharing in a crowded room.

Take a look, it is a good video.

Please tell us what you think about the tips John Biggs provided in the video in the comments section below.

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Posts Tagged ‘trust’

My Business is Hooked on the Internet (and Mad at Windows 7).

The other day I purchased a new computer (from the good folks at Dell…though they never hooked me up with a discount that I pleaded for on Twitter).  Love the computer and the new Windows 7 operating system.  I spend most of last weekend converting files and uploading all my computers to Windows 7.  All was right with the world. 

Then my home wireless network disappeared.  I couldn’t find it on my iphone or any of my computers.  Turns out that a lot of people that upgrade to Windows 7 have this same problem with their home network.  Since I’m not a full-blown technologist, I wasted most of Monday trying to trouble-shoot.  No success.  So I break down and call Geek Squad.  They are coming over tomorrow to fix. 

Besides being a pain, in the last couple of days, I’ve realized how much my business (personal and KikScore) relies on the ready availability of the Internet.  I can get by on certain things with my phone, but to really run a business, you need a computer hooked up to the Internet.  Which is really the opposite of how it used to be.  Back in the day, the Internet was a diversion to work…now it’s essential for business.  It’s more like a utility.

While it’s been an interesting social experiment — i’m ready for the return of my normal life.  I’ve got a lot riding on you Geek Squad.  Don’t let me (or my business) down.  As for you, Windows 7…you’ve got a lot of ground to make up.

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Posts Tagged ‘trust’

How Did My Credit Card Go To Europe Before I Could?

A few weeks ago, I’m standing in line at Chipotle, ready to pay.  The cashier runs my card several times, each indicating a decline.  It’s getting embarrassing because not only am I holding up the line, but my friends now think I can’t afford a $6 burrito. 

In a twist of fate, I actually had cash on hand, so I paid and returned to my seat in shame.  Let me reassure everyone that I can afford a $6 burrito…in fact I can afford up to seven $6 burritos (hopefully I’ve laid that terrible rumor to rest).  The lunch banter steers away from me (which is always painful), so I’m sitting there pretending to listen while I try to remember if I paid my credit card bill.  I secretly used my iPhone and logged into my credit card site.  Everything looks good.  What the hell is going on?!

I then spend the entire Saturday working my way through several unhelpful menus and operators — and I finally reach someone from the fraud department.  I must answer a battery of questions to prove I’m truly Dojo Mike.  Then the gentlemen says “let me run through a few recent transactions”

Me: Ok

Credit Card:  Did you recently purchase $40 at [online company withheld]

Me: Yep

Credit Card:  How about $7,000 in Milan?

Me: Italy?

CC: Yes.

Me: Uh no.

Appears that I had made an online purchase that wasn’t secure.  Now a couple copies of my credit card were on an extended European vacation — spending a lot of time (and money) in Italy.  I had to cancel the card and put fraud alerts on my credit report for all three credit bureaus.  I’m also “encouraged” by the credit card company to monitor my bank accounts and online investments. 

I know online shopping is very convenient, but when security comes into question, the ill-prepared businesses can cause their shoppers quite a few headaches (and liabilities).  Clearly this is related to KikScore (as all online sites should use it to help prevent similar issues for their customers), but this truly did happen to me — and I’ll never shop at that online store again.  I’m also jealous that my credit card was able to enjoy Italy before me.

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