Business Strategy

2 Jun 2009

The Pain in Joint Ventures

By |2017-04-03T12:27:41-06:00June 2nd, 2009|Categories: Business Strategy, Doug's Blog|

As Seth Godin points out in his post today, the success of a joint venture is greatly reduced due to both:

  • The Venture Part: Is by definition risky.

  • The Joint Part: The more independant parts in something that can fail, the more likely the overall thing will fail. This applies to just about anything and gets even more challenging to predict when dealing with the complexity of people.

Open Source Software Projects

Open source software projects are often done by a team of dispersed and somewhat independent developers, etc. The common goal keeps everyone aligned.

If someone volunteering their time drops out, someone else in […]

2 Jun 2009

People from Jobs Past

By |2017-04-03T12:27:44-06:00June 2nd, 2009|Categories: Business Strategy, Doug's Blog, Dream Teams, Mindset and Motivation|

There are three types of people from the past: the good, the bad and the un-remarkable. You quickly forget the un-remarkable and the bad you want nothing to do with ever again.

Sometimes a particular problem or event causes you to remember some of the good ones.

Even after many years, when the good people cross you path again you feel good. Whether it is the past memory or the knowledge that they are still doing well, it is a nice but fleeting experience to briefly catch-up and then… go down your separate paths again; too busy in your own lives follow through […]

26 May 2009

Moving Forward in Today’s Economy

By |2017-04-03T12:28:20-06:00May 26th, 2009|Categories: Business Strategy, Doug's Blog|

As I mentioned before, I am actively watching ProCoach Success System and Andrew in particular as he grows his company and in doing so, helps entrepreneurs succeed in manifesting their dreams.

He recently posted a video on YouTube that I found had some good advice on how to move forward in today's economy:

  • Stay Informed (but avoid wasting energy on negative discussions)

  • Evaluate Your Risks (and adjust as required)

  • Pursue Opportunities (there are never as many as when the economy is down)

  • Focus on Things Within Your Control (activities and mental attitude)

It is worth watching.

25 May 2009

Agile Business Creation

By |2017-04-03T12:28:25-06:00May 25th, 2009|Categories: Business Strategy, Doug's Blog|

Here at Sunwapta Solutions we live and breathe software development. Whether it is consulting work for clients or building software products, we need to follow and excel at the latest technologies and trends.

Agile development is a methodology and even more if done right; a state of mind for the development team that can lead to more rapid software development cycles with value for the customer early and often.

Agile business means an existing company being able to set a new direction followed by rapid implementation… the ability to respond quickly to the marketplace. This may mean launching a new product. […]

15 May 2009

Manifesting your Dream – Team Edition

By |2017-04-06T12:22:59-06:00May 15th, 2009|Categories: Business Strategy, Doug's Blog, Mindset and Motivation|

On Wednesday, I talked a little bit about manifesting your vision and yesterday a little about taking action.

Things get a little more interesting when you start trying to manifest your vision and at the same time, align your business team with that vision.

Sure you can just ram your vision down their throats but you have a better chance of success if you can get them behind your vision and an even better chance of success if their career and/or financial objectives align with your vision.

The thing is, strategic goals are easily lost in the day to day work of keeping clients […]

14 May 2009

Actions Speaks Louder Than Words

By |2017-04-03T12:29:03-06:00May 14th, 2009|Categories: Business Strategy, Doug's Blog, Mindset and Motivation|

Vision does not create results.

Goals and planning do not create results.

Only action creates results.

Any action towards your goals and vision is better than all the planning in the world and no action.

How do you know your detailed plan is right? If you are heading down a new path planning out all the details in advance is treacherous. Things change and you spend all your time adapting your plan rather than taking action.

So have a vision, do "enough" planning and start taking action towards your goals. Avoid analysis paralysis. Be open to different paths along the way.

After all, actions speak louder […]

13 May 2009

Manifesting Your Vision

By |2017-04-03T12:29:08-06:00May 13th, 2009|Categories: Business Strategy, Doug's Blog, Mindset and Motivation|

Whether you have a personal dream or a business vision, unless you do something to manifest that vision in the real world, it will not materialize.

At its core, the process is simple:

  1. Write out your long range vision,
  2. Determine intermediate and short-term goals (or projects) that will bring you closer to that vision,
  3. Take action and implement steps that will help you reach your goals.

The bigger the vision, the more nebulous the path to accomplishing it may be. But no matter what size your dream/vision is, you need to take concrete steps to make it happen.

You need to keep the long range […]

11 May 2009

Make the Pie Bigger

By |2017-04-03T12:29:16-06:00May 11th, 2009|Categories: Business Strategy, Doug's Blog|

One option for increasing sales is to partner with complementary businesses, put your products or services together and tackle bigger markets jointly.

You share sales and marketing costs and can significantly increase revenues for both parties. The relationship can be informal, formal or you can even launch a joint venture.

There are two keys to making this work:

  • Both partners need to give to the relationship so that both win, and
  • Both partners need to give to the relationship so that both win.

Yes, the biggest killer of any type of partnership is when one partner takes without giving back. Unfortunately, it happens too often.

You […]

7 May 2009

ProCoach Update and Intuition

By |2017-04-04T16:43:21-06:00May 7th, 2009|Categories: Business Strategy, Doug's Blog, Mindset and Motivation|

Al Dhalla and I (Doug Wagner) went to another ProCoach Success Systems seminar put on by Andrew Barber-Starkey. Andrew is based out of Vancouver and was in town for this seminar and other ProCoach activities.

My intuition was telling me I should attend, but I’ll get to that part later.

Their System

Seeing a second presentation by Andrew, talking to some of the people in the room who are (or were) working with him and reviewing some of his materials that he provided as part of the seminar helped me form a stronger opinion about ProCoach.

My feeling so far is that he has developed […]

5 May 2009

Strategy – The Amazing Race

By |2017-04-03T12:29:24-06:00May 5th, 2009|Categories: Business Strategy, Doug's Blog, Mindset and Motivation|

On Sunday night I watched two contestants get eliminated from the Amazing Race. It came down to the fact that one of the team members drank so much liquid she had to stop for a bathroom break on the final leg to the pit stop. Not a good way to go down.

This applies to business strategy as well. It is really easy to get caught up in the task at hand and lose sight of the big goals… causing you to lose everything.

On the show, one team member had to eat a bunch of deep fried creatures. In this case, […]