Five elements of business success: Difference between revisions

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Revision as of 20:42, 20 June 2025

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-====Build products people love====
+====1 Build products people love====
-:::* Improves customer retention, makes you their first choice.
+::* Improves customer retention, makes you their first choice.
+:::* Build a product or service that sets us above the rest.
-====Adoption over monitorization====
+====2 Adoption over monitorization====
-:::* Let customers have some things for free (try before you buy).
+::* Let customers have some things for free (try before you buy).
+::* Once they use it they will love it - see point 1.
-====Cultivate a sustainable competitive advantage====
+====3 Cultivate a sustainable competitive advantage====
-:::* Provide an advantage over competitor products.
+::* Provide an advantage over competitor products.
-:::* Lock the user into a product
+::* Lock the user into a product using love of the features.
 ====Make products simple a clear====
-:::* Easy to setup, easy to use.
+::* Easy to setup, easy to use.
+::* Ensure customer can get value in the first week.
 ====Make decisions fast.====
-:::* Someone (much bigger) will beet you to the goal. you will loose any advantage.
+::* Someone (much bigger) will beet you to the goal. you will loose any advantage.
-:::* The small guy needs stealth and speed, big companies can make mistakes.
+::* The small guy needs stealth and speed, big companies can make mistakes.