Archive for lean

What Does it Take for an Entrepreneur to Turn a Good Idea into Reality?


It takes grit for sure. You know, that combination of passion and perseverance. It also takes the ability to recognize change and see the opportunity that change brings. Think about the music industry. The Internet completely blew the doors off traditional distribution channels and made way for iTunes, emusic, and other music download services. That’s just one example.

Launching a business or product in a “lean” fashion saves time and money, and mitigates some risk. When it comes to the topic of “launching lean,” I like to refer people to Eric Ries’ lean methodologies. In a nutshell, it’s build, measure, learn—a continuous cycle that allows your business or product to evolve and become more and more relevant to your customers.

While we may think that entrepreneurs have to think completely differently than regular business folk, one message resonates loud and clear for anyone and everyone in business—it’s all about your target audiences. And you have more than one target audience. It’s not just your customers. You also have other audiences that are critical: perhaps you have investors, bankers, angels or venture capitalists. You may have distributors, others in your supply chain, strategic partners. Whatever the target audiences are, it’s critical that your communication be tailored to their needs and that you meet them where they are (i.e., tradeshows, social media, traditional media, professional and trade organizations).

While all this may seem daunting, there’s good news for entrepreneurs in Southern Oregon. Organizations around Oregon have banded together to help new businesses/entrepreneurs in Southern Oregon get going and find success—and I’m excited to be a part!

Tuesday night was another great learning experience at “Jefferson University,” where I’m a part of a team of mentors and coaches to a group of entrepreneurs. Jefferson U is a collaboration between the Small Business Development Center (SBDC), the Sustainable Valley Technology Group, the Oregon Entrepreneurs’ Network, The Oregon Community Foundation and the Jefferson Grapevine (Entrepreneurial & Angel Network)—led by Southern Oregon Regional Economic Development Inc. (SOREDI).

Jefferson University was kicked off by the executive director of Oregon Technology Business Center May 5. This week, we heard from an expert on developing financial projections, getting funding and designing exit strategies. During several sessions, I delivered the low down about marketing. Other experts talked about getting the right team together and creating a culture that supports success. A patent and trademark attorney spoke about intellectual property and creating a competitive advantage. We’ve also heard from successful business people about their experiences at the Motorcycle Superstore and Darex.

Our entrepreneurs are learning so much—as are the mentors. This Saturday, we have a pitch clinic where the entrepreneurs practice their pitch to investors. On June 8, the teams will present to investors, bankers, community leaders, and other business people. The feedback they receive will play an important part in their lean launch.

It’s a great process to be involved in and to help make a difference in the local economy as we help new start-ups become real, solid businesses.

If you have a business idea or are thinking about expanding your current business, please reach out to me. I can either provide direct advice or point you to a resource that’s appropriate to your need. My areas of knowledge are in marketing, leadership development and creating successful cultures. I look forward to talking with you! Reach me at 541-601-0114 or chris@capiche.us.

What’s so Funny ‘bout Peace, Love and Understanding? Making Cross-functional Teams Succeed.

Have you ever endured a team meeting that went from productive to disastrous? Where the people from the departments that make up the team just didn’t seem to get it? They fought with each other, protected their own departments and were distracted by a bazillion side issues and personal problems? Did you drift off, thinking of Elvis Costello’s plaintive cry, “What’s so funny ‘bout peace, love and understanding?” Does it make you want to go back to the good ol’ days where each department did its job and didn’t have to worry about what was going on in other areas of the organization?

I hope not, because those days are gone and not likely to return. With your organization’s competition re-re-engineering, Six Sigma-ing, TQM-ing and getting even leaner and meaner, now is the time to get your cross-functional teams working better together.

A cross-functional team is made up of at least three people from different functional areas working toward a common goal. This team will have members with different functional experiences and abilities, and who will likely come from different departments within the organization. A team member might even be an external partner. A cross-functional team is typically responsible for all or some segment of a work process that delivers a product or service to a customer who is either external or internal to the organization. The work process requires input from several functional areas, therefore group collaboration is essential. When managed properly cross-functional teams provide flexibility, control and speed, coupled with multi-disciplinary knowledge. In fast-changing markets, cross-functional teams can quickly respond to customer needs.

So what can you do to get a cross-functional team operating at its peak potential? Start by establishing shared values and a common goal. Emphasize collaboration and team rewards. As a team, agree upon how you will operate. How you will communicate and how often? How will you hold each other accountable? How can you best help one another? Effective teams are committed to communication and collaboration as well as constructive conflict. People working on teams also develop mutual accountability for the success or failure of the team’s efforts.

What can you do to be a better team member?

  • Consider things from the point of view of your teammates
  • Think about how your work impacts the work of others on the team
  • Look for input, advice and ideas from others on the team, and don’t push your solutions on others
  • Share ideas freely; don’t be afraid to give away your “secrets”
  • Embrace the diversity of your team
  • Get to know your teammates—what they value, how they like to be recognized, their preferred methods of communication

What if you’re the team leader? Do all of the above PLUS take on more the role of a coach than a traditional manager. You champion ideas, but don’t command. You don’t give orders or assignments, but you rely on the entire team to take part in decision-making. You are not “over” the group, but rather a contributing member of the group. You promote performance and makes sure that the team efforts are in line with the goals of your organization. It is also your responsibility to be the liaison for upper management, suppliers and other outside entities. In a sense, you are the team’s key spokesperson that keeps a clear vision of the team’s goals and promotes activities to obtain those goals.

The return on investment will be increased productivity, creativity and efficiency. The end result will be better because you have developed a product or service that meets the customer’s needs and has the sales associates’ buy in. AND you will have improved quality and innovation because you are getting all the best ideas from everyone. Cheers!

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