Here is your weekly installment of Tuesday Traction Points - Five things I'm seeing and experiencing that give me, and the entrepreneurs I work with, Traction!
The Best Way to Beat the Competition is to Make the Competition Irrelevant ...
It’s not about ideas, it’s about understanding and researching current industries that have not innovated their products or services and have a large customer market. If you think about what Netflix, Amazon, Uber and AirBnb did, you can clearly see, they created nothing new in terms of products. So, what did they do? They changed the “game” in an industry that was not being innovative and was ripe for disruption. (Article by Bernie Schroeder, Forbes contributor).
Arizona Jumps To No. 7 Best State To Do Business
In its survey, Chief Executive Magazine highlighted Arizona’s jobs explosion:
“Business is booming in Arizona, and a recent report from the Office of Economic Opportunity estimates the Grand Canyon State will add nearly 543,000 jobs through 2026.
Build A Company Culture of Accomplishment
All too often, leaders and team managers in business overlook the importance of celebrating small wins. As a leader and/or team member, it’s important to recognize individual and team accomplishments –even when they’re small. By doing so, you recognize their efforts and progress toward larger company goals. This recognition will boost the energy and mood of the team, which will spread throughout the office.
Podcast I Loved Listening To
In 1973, Yvon Chouinard started the company Patagonia to make climbing gear he couldn't find elsewhere. Over decades of growth, he has implemented a unique philosophy about business, leadership and profit.
He offers great perspective on growth guided by Core Focus. I especially like hearing about a key part of the Patagonia Marketing Strategy, their Guarantee (about 13 minutes into the podcast). "When we sell you a jacket, we still own it."