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The Craft of Business
And an Opportunity for You
Chris Sita and David Kim
Subscribe to growth blog (http://goo.gl/lpVrK7)
Craft of Business 1
Why Talk About This?
This might be good for you if you are:
• Lost in the details, news, advice
• Distracted by others’ success stories
• Chasing endless number of ideas
• Have ideas but not sure how to apply them
Craft of Business 2
What is Business?
Forget what it can be. Simply, a business is:
• An offer and a way to deliver it to customers
• A solution, for which customers pay.
Interesting.
A business is really just two things. An offer and
customers who value that offer.
Craft of Business 3
A Business is
Craft of Business 4
• Intersection is revenues
• Bringing the two together => distribution
strategy => is like gravity
offer
Commodity
Good
Service
Experience
Solution
customers$
Img source: Sue me, Scotty!
What is Craft?
• Craft is a profession that requires skilled work.
• Quality craft takes time to master.
Interesting.
A craft is really just two things. A skill cultivated
over time, sometimes very long time.
If you become a master, people will make a bust of you, like they do of Beethoven.
Craft of Business 5
Img source: Wikimedia
A Quality Craft is
• Beautiful
• Timeless
• Human
• Valuable
• Unique
Craft of Business 6
Img source: Wikipedia
Chartres Cathedral – North Rose Window
Craft of Business
• There are businesses that are basic solutions
delivered to customers for money.
• You can do more and be more if you cultivate
a sense of craftsmanship.
• You can make your business more human,
more timeless, more beautiful, more valuable.
• Most importantly, it should be unique to you
and recognize it takes time to build something
good.
Craft of Business 7
What Can You Do?
• If you could teach someone anything (or sell
anything), what would it be?
• Who would you teach it (or sell it) to?
• How much would you offer it for?
• How much would s/he pay you for it?
• Not enough to get the ideas firing?
Craft of Business 8
When in doubt, 2x2 your offering
Mass-
consumption
Artisanal –
mass
produced
Do something
else
Artisanal –
hand crafted
Craft of Business 9
Craftsmanship
CustomersManyFew
HighLow
Still High-level, but …
• That’s the point. Start with who you are, and
where you fit in, and recognize there are
customers for what you might offer.
• Along the spectrum, are you more interested
in profit or in craftsmanship? The question
and answer is unique to you.
• Ready for more? Check out order of
magnitude of offerings.
Craft of Business 10
For more
Feedback? Suggestion?
Tell us, or send us $19 bills via email.
Craft of Business 11
Chris Sita David Kim
@findinbay
dklounge.github.io

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Business principles and ideas

  • 1. The Craft of Business And an Opportunity for You Chris Sita and David Kim Subscribe to growth blog (http://goo.gl/lpVrK7) Craft of Business 1
  • 2. Why Talk About This? This might be good for you if you are: • Lost in the details, news, advice • Distracted by others’ success stories • Chasing endless number of ideas • Have ideas but not sure how to apply them Craft of Business 2
  • 3. What is Business? Forget what it can be. Simply, a business is: • An offer and a way to deliver it to customers • A solution, for which customers pay. Interesting. A business is really just two things. An offer and customers who value that offer. Craft of Business 3
  • 4. A Business is Craft of Business 4 • Intersection is revenues • Bringing the two together => distribution strategy => is like gravity offer Commodity Good Service Experience Solution customers$ Img source: Sue me, Scotty!
  • 5. What is Craft? • Craft is a profession that requires skilled work. • Quality craft takes time to master. Interesting. A craft is really just two things. A skill cultivated over time, sometimes very long time. If you become a master, people will make a bust of you, like they do of Beethoven. Craft of Business 5 Img source: Wikimedia
  • 6. A Quality Craft is • Beautiful • Timeless • Human • Valuable • Unique Craft of Business 6 Img source: Wikipedia Chartres Cathedral – North Rose Window
  • 7. Craft of Business • There are businesses that are basic solutions delivered to customers for money. • You can do more and be more if you cultivate a sense of craftsmanship. • You can make your business more human, more timeless, more beautiful, more valuable. • Most importantly, it should be unique to you and recognize it takes time to build something good. Craft of Business 7
  • 8. What Can You Do? • If you could teach someone anything (or sell anything), what would it be? • Who would you teach it (or sell it) to? • How much would you offer it for? • How much would s/he pay you for it? • Not enough to get the ideas firing? Craft of Business 8
  • 9. When in doubt, 2x2 your offering Mass- consumption Artisanal – mass produced Do something else Artisanal – hand crafted Craft of Business 9 Craftsmanship CustomersManyFew HighLow
  • 10. Still High-level, but … • That’s the point. Start with who you are, and where you fit in, and recognize there are customers for what you might offer. • Along the spectrum, are you more interested in profit or in craftsmanship? The question and answer is unique to you. • Ready for more? Check out order of magnitude of offerings. Craft of Business 10
  • 11. For more Feedback? Suggestion? Tell us, or send us $19 bills via email. Craft of Business 11 Chris Sita David Kim @findinbay dklounge.github.io