Thursday, May 23, 2013

How a tooth-brushing accident inspired an entrepreneur




From: SmartBrief on Entrepreneurs
Date: Mon, Apr 8, 2013 at 10:56 PM
Subject: How a tooth-brushing accident inspired an entrepreneur





Are you answering questions or actually solving problems? | Are you focusing on your clients' problems? | A question that can help you decide whether to pivot
Created for profjorge.entrep@gmail.com |  Web Version
April 8, 2013
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How a tooth-brushing accident inspired an entrepreneur
Kavita Shukla got the inspiration for her business at just 13 years old, when her grandmother gave her a mix of herbs and spices to ward off illness after she drank unsafe tap water. She drew on that incident when she created FreshPaper, which is designed to keep food from spoiling. Entrepreneur online (4/5)
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Are you answering questions or actually solving problems?
Good bosses know that to serve customers and co-workers, solving a problem starts with providing an answer, but the effort can't end there, says Andy Mills, president of Medline Industries. "A lot of people might think they're doing a job by giving an answer. But I really don't believe that simply giving an answer is doing your job, because if the answer doesn't help move something forward or help the business, then what good was that answer?" he explains. The New York Times (tiered subscription model) (4/4)
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Are you focusing on your clients' problems?
To build a successful sales strategy, you need to understand the problems that your customers are dealing with and demonstrate how your product can help them, writes Ray Mascola, president of Targeting Sales Growth. "When a startup has this in-depth understanding of target markets, they will be thought of as a trusted adviser by key customers," he writes. SmartBrief/SmartBlog on Leadership (4/5)
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A question that can help you decide whether to pivot
Early in your startup's lifespan, it can be difficult to determine whether you should stay on your current course, modify your approach or shut down completely, David Teten writes. A sign that you should keep going is that you recently have been able to recruit a new employee, client or investor with no previous relationship to your business to become involved. Otherwise, it might be time for a change, he writes. Forbes (4/5)
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The Whole Entrepreneur

Carve out a niche for your company
As you grow your company, it's critical to study the market and find a way to make your product stand out, Mark Evans writes. "[A] startup doesn't have to be significantly different or unique; it just needs to have a slant, angle or approach that isn't like everyone else," he writes. Forbes (4/5)
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Change the way you innovate
As companies continue to seek advantages over their competitors, some startups are finding new ways to innovate, Soren Kaplan writes. For example, some businesses are making their customers active participants in the product-development process. Other companies are adopting social missions and focusing on the customer experience, he notes. InnovationExcellence.com (4/7)
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Fortune from Failure

Could something positive come from your fear of failure?
Entrepreneur Rumeet Billan got the idea to add a social mission to her company -- funding the construction of a school -- after confronting the possibility of failure. No matter what industry you're in, she recommends asking yourself, "[I]f I lost everything tomorrow, what did I do with what I had?" The Huffington Post/The Blog (4/5)
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Sustained value creation relies on innovating how we innovate."
-- Soren Kaplan, a managing principal at InnovationPoint, writing at InnovationExcellence.com.
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