Posts Tagged ‘trust’

When Success Hurts Your Brand

When you launch your business or new product, all you can think about is it being successful and embraced by everyone.  I mean what could be better than that?  Maybe the better outcome would be a less popular product.  Hear me out on this.

My wife and I were sitting outside at the Cherry Cricket this weekend (a great place to grab a burger in Denver).  About every 5 minutes, we saw a different Range Rover.  They drove by in different colors and different levels of cleanliness.  But they all seemed to be driven by the same person.  He had spiky hair, big aviator glasses and a preppy shirt.  At that moment I declared that no matter how much I liked the car, I would never own one — as I didn’t fit the prototype.

The same thing has happened with Burberry.  It used to be rare to see the Burberry pattern on an item of clothing.  Now you have Burberry wallets, baby clothes and hairbands.  And these are being worn by near-homeless people. 

At what point does success hurt you?  While Apple makes excellent products, there are certainly more people that are using a Mac because they don’t want to follow the crowd and use a PC.  This will continue to be the case until, of course, Apple becomes too popular and then something else will take the place of those rooting for a niche player.

Does this matter for a small business owner?  Probably not right away.  As when the your product or business takes off (and becomes the newest thing for the aviator glasses, prepster set) you’ll likely sell your business.  But if you hold on, take some time, watch the crowds, and decide if your brand is being hurt by its own success.

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Is One the Loneliest Number? Should You Start a Business with Partner?

You have a great idea, some money in the bank and a little extra time.  So do you go it alone and launch a business?  Or, instead, do you find partners to help you make your idea a reality? 

It’s a common dilemma.  The upside about going alone seems to be having absolute control over the product direction.  No need to reach agreement on how to approach the market, pricing or even the name itself.  For example, with KikScore, we have several meetings each week to make sure we’re all on the same page and updated on development and partner development.  If this were a sole enterprise, that time could be saved (or at least redirected). 

But being alone isn’t all sunshine and flowers (or whatever else you may find appealing).  With sole control comes sole responsibility.  If there is an issue with your business or customer service, you need to solve it.  If you are great at product design but not sales, well, too bad.  And forget brainstorming, you’re the brain and the storm.  There’s a good summary of the pros and cons in this blog post.

How about the number of partners?  Does it get more or less complicated to run your business if the number of partners increases?  I don’t have any hard studies on this, but anecdotal information (i.e. KikScore’s experience growing from 4 to 7 partners) has not been too impactful.  I think the most important thing with partners is to have an odd number….that way you don’t have stalemates on important votes.

Do you have any business partners?  Or are you going it alone?

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How Would You Use A Hot Tub Time Machine?

Every generation has a movie that defines it.  It seems pretty obvious that this generation will be defined by Hot Tub Time Machine.  There have been plenty of movies about time travel, but what other combines time travel with hot tubbing and the 80s?  The fact that John Cusak is poking fun of the decade that established him will establish this movie as a all-time classic. 

In gearing up for this movie, I started thinking, what would I do for KikScore if I had access to at HTTM (yes, we need to create an acronym for it…it’s too long to keep typing).  Here’s some thoughts:

1.  Funding:  I would have purchased as many credit default swaps on subprime loans as possible.  That would have taken care of funding.

2.  Avoid Certain Vendors:  The biggest challange we have faced as a company was initially working with the wrong third-party developers.  We soon corrected, but we essentially flushed money down the drain.

3.  Started Blog Earlier:  We’ve only been writing for a few months, and readership keeps growing.  If we had only started a year ago.

4.  Transportation:  Not really related to KikScore, but I never would have bough that Toyota Prius.  It’s not because of safety either.  In fact, the last thing I worry about with my Prius is sudden acceleration.  If my Prius started going 85 miles/hour, I wouldn’t just call the police, I’d call everybody.

That’s what I would do with a HTTM.  How about you?

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Running a Business is Tough, But It Could be Worse, We Could be Olympic Curlers

As the t.v. ratings indicate, U.S. audiences are caught up in Olympic fever.  I’m not exactly sure why this Olympics is so different than the Torino games in 2006.  It may be due to the fact that these Olympics are in North America and we can, generally, watch the events as they happen (not on tape delay).  I really think it’s because the U.S. is actually winning.  If we had a guy who could ski and shoot well, I guarantee that the biathlon would be a national craze.  I’m not saying this because I’m any different…I’ve never cared so much about hockey until the U.S. was playing for gold (hockey to me really is soccer on ice, and soccer is boring on grass). 

But unlike hockey players (who are professionals and merely taking a two-week Olympic vacation), and Shaun White (who is a millionaire and video game inspiration), most of the Olympic athletes work a patch-work lower paying jobs that provide them flexibility so they can train during the 3 years and 50 weeks they aren’t competing for medals. Take a member of the U.S. Curling team as an example.  According to a recent CNN article, it costs $150,000/year just to train for qualifying events.  They must use all their vacation time (and additional non-paid time) to travel to events…and oh yes, they have to train 5 hours a day.  The only upside in being an Olympic Curler is that it appears to be an in-demand activity for Wall Street traders(so they may have a future career in providing outrageously expensive lessons to overpaid quants).

All of this comes down to a point…I swear.  For entrepreneurs and small business owners, the passion is creating and growing a business.  Overtime, the business grows or at the very least the owner gains valuable business experience for the next venture.  But an Olympic Curler, after 4 years and thousands of dollars is left with little media coverage, no endorsements, and, if it’s the US team, no real shot at a medal.  That’s commitment.

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KikScore interviews Virna Lisa, creator of RedBud Body Care

Virna Lisa , shares with KikScore the history of RedBud Body Care and her unique approach to small business. Virna is truly an inspiration not only to women in business but more importantly to the inner strength of women overall!

Redbud Body Care was named after the Eastern Redbud Tree found in North America. The uniqueness of this Tree is how the flower buds shoot directly from the bark. The flowers are also edible and contain health enriching anti-oxidants.

1. Tell us about RedBud Beauty and who you focus on serving?

Our philosophy is based on the Ayurvedic principle that whatever we put on our skin should be good enough to eat. In addition to the freshness of the product we take into account that every one’s constitutions and predispositions are drawn towards particular scents and textures. RedBud Body Care respects the truth that nature provides us with all that we need to stay in healthy rhythms with ourselves and the world around us.
In support of eco awareness and upholding standards that sustain our planet, we use organic ingredients, glass containers, recycle and compost our soil enriching ingredients.
This product is good for everyone. Take into account that some people have allergies to certain flowers and herbs.  First do a test patch on the inside of your wrist before using.

2. How did you get started selling RedBud Beauty products online?

The business was first introduced on Shustir.com and then posted on a partnering website that sells products to Yoga Studios, Spas and Yogi’s & Yogini’s.  We are already selling our products in a few venues right now that were generated through Redbud Body Care directly.

3. Where will RedBud Beauty focus most of its energy in 2010?

Our focus is getting the name Redbud Body Care out to the public via the internet since so many folks do their shopping online.  We would like to have the product out regionally and then move to a national market.  Redbud Body Care is also working with Eco Yoga (TM) which is another business I own.  Yoga & Ayurveda are sister sciences so the businesses dovetail nicely.

4. If you had 2 lessons learned from your business that you could pass on to others about selling online, what are those?

Being in business for yourself can get daunting, I always try to remember to do nice things for myself, like walks out in nature, warm baths with yummy herbal infused oils (that RB sells) and spending time with people that believe in your mission.  Support in a new venture takes a lot of support.  Take advice from people that have been there before you and have something of value to add to the company.

5. As 2010 begins, what do you see as 2 new trends in your business this year?

The small business market has an incredible opportunity to make a mark for itself in this market.  Big business is struggling with their big budgets.  Creating handcrafted products that are of great value to the customer as well as the public at large is in demand.  People want to feel like they are getting their money’s worth.  I also think that the Green movement is finally to take the market by storm.  We have to take into consideration how we spend our money in the business so that it supports the market as well as the planet.

6. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

This one is tricky since it’s still in its infancy stage.  I was once told by Horst Rechelbacher that a business is like a baby that needs to be nourished.  I am not sure what it is going to grow up and be.  I would want RB to grow up to be an inspiration for others a source of wisdom and leadership.  I’ll have to work on this vision and get back to you when it gets into the teen age.

7. If RedBud Beauty could have a token spokesperson for your company who would it be and why?

I would love to have Oprah be it’s spokesperson because she is a beacon of hope in my eyes.  She has overcome so many obstacles and has risen to incredible heights.  If I ever meet her I’d thank her for her leadership and tenacity.

8. Do you have any parting thoughts for our readers and the small business community?

To quote Hillel “If I am not for myself, who will be for me? If I am not for others, than what I am? If not now, when?” We must believe in ourselves, love ourselves and try our best to live the dream we embody. Having said that I believe it’s important to have some kind of spiritual grounding that creates community as opposed to separating us.

Thanks again Virna and best of luck to RedBud Beauty!

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Why you need to Build the Right Team for small business success

On Sundays, my husband and I usually try to plan out our week… which in turn yields discussions of when I have KikScore conference calls to when he can go have some beers with his buds, while juggling our 2-year old daughter’s bedtime schedule.   The KikScore conference calls change in frequency week to week, depending on the next big item we are working to push through or brainstorm on.  And I realized that having a key team and truly enjoying the people you do business with is crucial to not only its success, but your own sanity.  I was reading in Business Week about Hunch, and Caterina Fake brings up a very critical component of small business success — Building the Right Team.

Anyone can come up with a business idea, but taking that idea and making it a viable venture that can grow and prosper requires more brain power than one can share.  Creating a team of that nature isn’t easy by any means.  When I explain the KikScore story (at least since my involvement) to family and friends… it’s best summarized as: KikScore is the side-business I’ve been working on with a group of talented friends – ranging from development, project management, business development and lawyers… a few from previous jobs/lives and combination thereof.  The thing is, I wasn’t the one with the big idea, but when the core founders Mike, Raj and Joel approached me to jump in and help streamline the KikScore scoring algorithm,  I was honored and ecstatic to be part of an entrepreneurial journey.

The team continued to build from there as we quickly found that off-shoring all of our development was not only costly and time-consuming, but left us with little control over the integrity of the code.  So we searched (again from previous jobs/lives) to find an in-house development resource that could oversee the coding efforts and allow us to piecemeal items off-shore as needed, but not as a 100% solution.

Since we are still a night/weekend business, we have many conference calls and e-mails flying about daily.  Another key component to a strong team is keeping the communication open and being able to speak your mind — we argue, which in turn generates new ideas and challenges each of us to listen with respect.  This re-iterates the need for a strong team focus.  Each member has their primary role (albeit marketing, development, design, etc) but we all wear multiple hats when it comes to driving the KikScore business forward and setting priorities. In a start-up environment, flexibility is vital – what was a hot priority last week, can take a complete 180 turn the following week based upon customer feedback or some unforeseen influence.  The team needs to be able to react, respond and regroup —  effectively.

If you are working on a new business idea, who will you pull into your inner circle to make it happen?  Be selective… you’ll be spending way more time (on late night conference calls, etc.) with them, than with your family.

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See how YouRenew has revolutionized the recycling world

YouRenew was recently showcased on All Things Considered segment NPR.   After frantically going to the website to determine the value of my drawer full of out-dated gadgets, I contacted YouRenew to tell us their adventure story.   David Walker shares the exciting chronicles of the YouRenew journey with KikScore…

1. Tell us about YouRenew and who you focus on serving?

YouRenew is an electronics re-marketing and recycling company that allows individuals to sell back their used mobile electronics and keep them out of landfills.   Customers across the country visit to find their devices, receive an instant price quote and download a free shipping label to send in their devices – once the devices arrive at the YouRenew facility, customers are sent a check within days.

We recently launched CorporateRenew, a service that allows businesses and other organizations to sell back their used cell phones and smart phones to enhance their environmental credibility while adding to their bottom lines.  We have been gaining significant traction across the country with business in a wide variety of fields via our website.

2. How did the YouRenew website and recycle service come about?

YouRenew was founded in March of 2009 by Rich Littlehale and Bob Casey who believed that given a convenient opportunity and proper incentive, individuals and organizations want to do the right thing with their used mobile electronics.  As only 10% of the discarded cell phones in the US were recycled in 2008, Rich and Bob saw tremendous opportunity to grow a business and make significant social change.

3. Where will YouRenew focus most of its energy in 2010?

In 2010 YouRenew and CorporateRenew will focus most of their energy on reaching out to individuals and organizations to let them know that there is a better alternative than the trash can. Both businesses and individuals are able to receive significant value for their used electronics and can take pride in knowing that they won’t end up in a landfill.

4. If you had 2 lessons learned from your business that you could pass on to others about offering an online service, what are those?

The best lesson we can pass on about having an online business is to be fully transparent to the customer. Individuals and business clients want to know exactly what we do with their used electronics, and we show them! Any business that believes in their service as we do at YouRenew and CorporateRenew should be transparent with their customers.

5. As 2010 begins, what do you see as 2 new trends in your business this year?

As 2010 begins we see a lot more individuals and businesses putting significant emphasis on environmental responsibility.  This is a great trend for us as we offer a service that proves that being green is not just an environmentally beneficial decision, but is a financially beneficial decision as well.

6. If your business/store could be any movie or movie character, what movie/movie character would it be and why?

We would have to be Tom Kelly Jr. from Tommy Boy as we are young, creating jobs in Connecticut, and Tommy Boy is simply a great movie!

7. If YouRenew could have a token spokesperson for your company who would it be and why?

In the midst of the Winter Olympics, we would have to go with Apolo Anton Ohno as he revolutionized a niche sport and brought it to national fame.  With e-waste just becoming a significant issue, we are revolutionizing the way individuals and organizations dispose of their used mobile devices.

8. Do you have any parting thoughts for our readers and the small business community?

This year alone 1 billion cell phones will be created world-wide. Help us keep them out of landfills and bring you significant value for your used devices through YouRenew.com and CorporateRenew.com.

Thanks YouRenew… now back to searching through my drawers.  Please share any other recycling tips you’ve discovered.

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At What Point Should a Small Business Call in the Lawyers?

“The first thing we do, let’s kill all the lawyers”.  It’s a oft-repeated phrase from Henry VI (and from many former clients).  Love them or not, at some point, every small business is going to have to work with (or against) a lawyer.  Some do it early, some later.  Think about just setting up a business.  Do you do operate as a sole enterprise, and LLC, a corporation or (if working with others) a partnership.  What are the implications of these decisions? 

You get past formation, now does your business have a special product or process that should be protected with a patent filing?  Is your business name something you want to protect (or at least prevent your competitors from using) — if so, looks like you’ll have to consider filing for a trademark. Your website is up and running…do you have a site agreement, terms of use, etc?  What about a privacy policy?  Where do you get a good and enforceable service agreement?  Now your business is growing and you must hire employees and contractors to help, what agreements do you need in place and are you aware of the relevant employment laws and regulations.

I’m not making this post an advertisement for the legal practice, but with all the potholes out there, it’s scary.  If your business is fairly straight-forward, you can take advantage of commercial forms (take a look at LegalZoom).  But that won’t get you all the way there.  For example, we here at KikScore have a couple of lawyers as part of the team (myself included).  You’d think we wouldn’t need to hire outside lawyers for our start-up.  Well, it may be because we don’t have the brightest lawyers on staff (myself included), but we have a patent lawyer and an outside corporate lawyer helping us out.  I’m not saying this is the way to go…I’m sure because of our backgrounds we over think a lot of the decisions.  In fact, my dad has operated relatively lawyer-free for the past 30 years and has handled most of his business disputes in small claims court.  But he’s also heavily armed, so it’s not an apples-to-apples comparison.

What’s your opinion on when to call in the unfrozen cave-man lawyer?

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American Idol and Our New Start-Up

I’m sitting on the couch, watching the latest American Idol episode.  Two things cross my mind.  First, if Simon Cowell is going to leave, I only plan on tuning in next year if Howard Stern is the “honest” judge.  And, by all accounts, there’s a decent chance that may happen.  The second thing that occurs to me is that there are some decent correlations between start-ups and American Idol.  What are they?  Here’s a fun list:

1.  Talent is only Half the Battle:  In Adam Smith’s finest hour, efficient markets rule the day and ours is a completely idea/concept driven economy.  But this isn’t Mr. Smith’s ideal economy and style often overrules substance.  Often times with American Idol, those with the best voices don’t advance.  Instead, those with a “story” or a “hook” advance.  The best example of this is Sanjaya — no real talent other than creating buzz that advance far into the competition.  The same is true with start-ups.  You can have the best concept/product in the room, but it won’t matter unless you have an excellent marketing plan.

2.  Hurry Up and Wait —  People stand in line for days to audition for 30 sec0nds.  Painful boredom leading up to small windows of defining moments –you live or die within those moments.  The same is true for new businesses.  Your concept lives or dies by how you do in a call or meeting. 

3.  Balance of personalities.  You have Randy Jackson (the technician), Kara (the nicer one) and Simon (the honest voice).  Most businesses have a similar balance of views — as no single view can best handle all situations. 

4.  Talent Comes from Anywhere — Kelly Clarkson was an unknown before AI — she is now an industry force because of the opportunity given to her.  Similar with business, Silicon Valley doesn’t have a monopoly on technology or new concepts.  The next big thing can come from anywhere, including Farg0-Moorhead.

Those are my 4 paralells — feel free to share other similarities.

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Issues Escalation and Support Guidelines in a start-up environment

You may have noticed a pattern here at KikScore where feedback and the question of when is a product ‘ready’  are hot topics. So, how do you define, measure, and enforce quality in a start up product? Once the product is ‘live’, how can you effectively support your product and react to customer issues and concerns? There are a few key software quality assurance guidelines to follow that apply to products of all shapes and sizes.

During the development phase you must test, test and retest. Depending upon the complexity of the software being developed, this could be a short or lengthy venture. Testing in phases, as pieces of the application become available, is highly recommended. This allows you to not only find major issues early, but also helps ensure you aren’t building upon sub-par code as the product continues through the life-cycle. Also, find a means to track and report status on any and all issues found during the test cycles. A spreadsheet can work if you don’t have a bug tracking system and there are a few free/easy to use ones available.

Even if you had ample time to test everything you could think of, upon release to the general user community, they will find issues you never dreamed of. Once you are ‘live’, your team needs to gauge the severity of any issue that is uncovered or reported to assess the impact and allocate resource(s) accordingly to address it. This is critical in the case where there are limited development resources and you need to prioritize their work so as not to affect other focus growth areas.

Severity can be broken into 3 levels – this also gives the entire team a common terminology when discussing issues.

Severity 1

— Core functionality is not working.
— There is no available work-around to perform the requested action.
— Error messages are displayed.

Severity 2

— Basic functionality is in question.
— There is a work-around to gain access and perform the requested action.
— The system handles the situation gracefully, either with a general ‘logged out’ message or other user-friendly notification.

Severity 3

— General usability items.
— Application is functioning fine, but confusion is raised throughout the display or general system navigation.

Once you’ve qualified the issue, how do you support it through the process and keep the customer informed?
Let’s assume you have a Severity 1 – how do you deal with it? In a small start-up shop, where most of the team has day jobs, creating an on-call or support tier works wonders.

1. Create a weekly on-call support staff that rotates and consists of 2 resources per week.
On a weekly call (or other avenue that applies) — Identify the 2 on-call resources per 1 week interval

2. During the support week, the 2 resources on-call are responsible for researching issues reported and be point of contact for:
— responding to the customer(s) who reported the issue
— involving other team members as needed to escalate/resolve the issue(s)

3. Support resources are required to provide daily updates to the rest of the team on progress of reported issues.

4. Where a code change or update is required, the support resource(s) schedule a team call to outline next steps and expectations

5. If 4 happens, the entire team should discuss the response back to customer(s) on the fix.

The Golden Rule – If a customer found the issue and actively complains – always treat as Severity 1. Be open and honest with your customers surrounding errors that are found and get a fix released in a timely manner. This builds trust in not only your product and support but builds integrity into your brand. What is your quality cycle or lessons learned?

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