Archive for May, 2009

Live!

Wednesday, May 27th, 2009

As of 7 am this morning, NextUp Careers is live and officially in Beta testing!  The site is far from fully functional, but we have the ability to post jobs using our very unique standardized process for creating industry specific jobs.  If, by chance you have a job you would like to post for the reliability engineering and predictive maintenance, please do so – posts are free for the month of June.  If you do, feedback on the process and the inputs/outputs are much appreciated.

And, if you don’t have a need for a reliability engineer or predictive maintenance technician, your feedback on the look and feel of the site would be much appreciated as well.

Outsourcing My Life

Monday, May 25th, 2009

Last week I decided to pick up a couple of books.  The first is Rule of Thumb: 52 Rules for Winning at Business by Alan Webber  of Fast Company fame.  I can’t comment on it yet, because I haven’t opened it, I’ve been far too involved with the second book – The Four Hour Workweek, by Tim Ferriss.  The book has been a bestseller for quite some time, but I was reluctant to pick it up, because frankly, I like working and the premise seemed absurd.

Yet, if you follow this blog, you know from a couple of my posts:  this one – Elsewhere & Everywhere on the book Elsewhere Generation and this one – Why I read: The Blender Effect on how much time I spend reading and gathering knowledge, know that I need to find some way to make more time for everything.  Thus, I decided to pick the book up and see what it had to say.

I have to say that it is a bit of an eye opener for me, and I’m going to start to implement some of the suggestions in the book, at least the ones that I see as being practical for me. This morning, I took my first step, by hiring a Virtual Assistant from India.  I have contacted a Company called Brickwork which is featured in the book.  As Brickworks site indicates, they offer an impressive array of business only services that they can perform for you at what I am hoping is a reasonable cost.  According to the book, I’m probably looking at a rate of $15 per hour, which seems reasonable and comparable to the rates here in the US.  I may also give an assignment to Your Man in India, who can handle both business and personal tasks and has a rate structure that begins at $6.25 per hour.  I won’t lie, paying $6.25 sounds better than $15 so I’ll have to see if there is a noticeable difference in service vs. price.

Hopefully by tomorrow I’ll have some results from the first effort at hiring a virtual assistant, which I’ll be sure to post the details.  Also, I would love to hear about your experiences with virtual assistants, so post a comment and share.  Until then, have a good holiday today!

Some Quick Hits

Thursday, May 14th, 2009

I haven’t had the chance to post much lately as we are on the final turn towards the Beta launch of NextUp Careers (hopefully for Monday), so its been a little crazy.  That’s too bad, because there has been some great potential topics for the blog out on the information super highway this past week.  Here are a couple of my favorites.

Newsweek is reporting in its article “All that’s Fit to Buy” that legendary entertainment impressario David Geffen is interested in buying the New York Times and converting it to a non-profit.  It could be an interesting approach, and as the article notes there is some precedent as the St. Petersburg Times is operated as a non-profit and is quite successful.  I’ve had a lot of interest in how the newspaper industry would be fixed as I wrote a post – “How to Save the Republican and Your Local Paper” a while back.  My recommendations were more tactical solutions for retaining a for-profit model, but the non-profit model, at first blush looks pretty interesting.  I’m not sure how that would apply to local papers, but it should be interesting to watch.

Over at the Keyhole, there is a brief post about Playboy Magazine.  Like many in the publishing industry, Playboy has fallen upon hard times and the post – “Not Your Dad’s Playboy” highlights some of Playboy’s strategies for solving its crisis. It appears Playboy is going to focus on two routes – increase prices and cut the number of issues.  I can’t decide whether or not this is a good strategy, but I’m inclined to think it is not.  Price increases in reductions are okay if you are going to do something to provide greater value, but without added value, my sense it all Playboy will accomplish in the long-term is to drive customers to cheaper alternatives and further compound their problems.

Over at Venture Beat, there was a great post yesterday by guest contributor David Shen (formerly of Yahoo).  The post “Solving the problems of early stage me-too product start ups” provides some great insight into how to launch a product/service in a competitive marketplace. This has got some really great ideas and I think I will probably revist this as a full post or White Paper at a later date.  Until that time, if your thinking about a start-up, give the post a read.

Lastly, check out this post on “Social Strategies for Exciting (and Boring) Brands” over at Groundswell.  The insights on boring brands is quite interesting, because let’s face it – most of us have boring brands.  The key to making boring brands work – get people to talk about their problems and leverage it.  The post has some thoughts on how to do it that I won’t get into.

That’s it for today’s post.  Hopefully, we’ll get the initial NextUp Careers launch behind us and it will be back to a normal post schedule next week.  Oh, and if your a reliabiity engineering or predictive maintenance professional and reading this post, don’t forget to check out the site!

Thinking About Business Models

Wednesday, May 6th, 2009

I’m not always sure what to make of Seth Godin.  There are days I wonder why I follow his blog and then there are other days when he posts something that reminds me why he is a genius when it comes to the master of simplicity.  To see what I mean, check out this post – “Thinking About Business Models

As part of our transitional planning services, we often look at how to create/reconstruct business models, but we’ve never been able to summarize the elements of a business model quite like Goden does.  As Goden notes in the post, there are four elements in the architecture of a business model:

  1. What compelling reason exists for people to give you money? (or votes or donations)
  2. How do you acquire what you’re selling for less than it costs to sell it?
  3. What structural insulation do you have from relentless commoditization and a price war?
  4. How will strangers find out about the business and decide to become customers?

The bottom line?  If you can create a business model that answers these four questions, you likely have a winning business model.  How does your business stack up?