10 Updates
Business Success Requires More Than Good Checklists

Business Success Requires More Than Good Checklists

Feb 1 2014, 6:05pm CST | by

A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge...

Filed under: news

 
 
 

24 weeks ago

Business Success Requires More Than Good Checklists

Feb 1 2014, 6:05pm CST | by

A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring real change to the world, and give you the satisfaction you seek.

Nevertheless, there is nothing wrong with studying and learning from the wisdom and experience of others. So for those of you that love checklists, I saw some real value in a new book by James M. Kerr, “The Executive Checklist: A Guide for Setting Direction and Managing Change .” His checklists cover everything from building a vision, to consistently delivering results, for entrepreneurs up to mature business executives.

Although I’m not an aficionado of checklists in general, I really appreciate one he has included for keeping up with the latest technological trends that are reshaping business strategies, which should be the drivers for many startups. See if you understand each of these technologies:

  1. Internet of Things. The physical world is quickly becoming Internet enabled, allowing it to be fused with the digital world. Everyday devices, like Internet soda vending , have an embedded computer allowing full remote reporting and control. Other examples include smart-home remote control, cell-phone tracking, and remote auto traffic sensors.
  2. Mobile Computing. From tablets to smart phones to Google Glass , people are increasingly relying on their mobile devices to assist them in managing their lives. The next phase of evolution will demand device independence, enabling an uninterrupted computing experience as we move from device to device throughout our daily lives.
  3. Cloud Computing. This is a phrase used to describe a variety of computing technology concepts that involve a large number of computers connected through the Internet. There are already a variety of cloud computing solutions available for common business usage, including the following:
    • Software as a Service (SaaS). This is a software distribution and pricing model in which new applications are hosted by a service provider and made available to customers over a network, rather than requiring customer hardware. Upgrades and troubleshooting can normally be provided over the network, as well.
    • Infrastructure as a Service (IaaS). Data storage, hardware, and networking equipment are provided to the customer on a per-use basis by the IaaS vendor, who holds the equipment and is responsible for running, and maintaining it.
    • Platform as a Service (PaaS). This is a service delivery model that provides the capability to lease the hardware, operating systems, storage, and network capacity over the Internet. It allows startups to rent virtualized servers and associated services needed to develop, test, and run applications.
    • Business Process as a Service (BPaaS). Procurement, payment processing, and payroll are just a few of the business functions that can be supported through BPaaS provider, who delivers the necessary infrastructure so that organizations no longer need to staff and perform the activities in-house.
  4. Social Media. Social networks like Facebook, Twitter, and LinkedIn manage communities comprised of millions of people worldwide. The challenge for most businesses is determining how to best harness the potential. Every entrepreneur needs to leverage social media for better marketing, requirements, and customer service.
  5. Gamification. This refers to the use of game thinking and software design mechanics to make it more effective and friendly for people to engage with technology. Many businesses are already weaving gamification into their strategies to enhance loyalty programs, customer retention, productivity measurement, and training.

It is time for entrepreneurs and all executives to stop being intimidated by technology discussions and, instead, establish a foundation for understanding the basic constructs that are reshaping the ways in which organizations process information and conduct business.

If a checklist like this one helps you get it done, then by all means find one and use it. But don’t be bound by it. Success in business today really requires that you go beyond any known checklists, with vision, innovation, and determination. Are you driving the technology, or is it driving you?

Source: Forbes Business

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Collingwood Magpies Training Session
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was reject ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, D ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the south ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in c ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Mini ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an all ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 2014 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) to ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

47 killed in Taiwan as plane makes botched landing (Roundup)
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
47 killed in Taiwan plane's botched landing
Taipei, July 23 (IANS) Forty-seven people on board a Taiwanese TransAsia Airways plane were killed in a failed emergency landing in the island county of Penghu Wednesday, Taiwan's transportation authority has confirmed.
 
 
51 killed in Taiwan plane emergency landing
Beijing, July 23 (IANS) At least 51 people were killed and seven others injured when a passenger plane with Taiwan's TransAsia Airways made an emergency landing on the outlying island county of Penghu Wednesday, media reported.
 
 
High salt ups heart disease risk in diabetics
Tokyo, July 23 (IANS) People with Type-2 diabetes have more to add to their list of dietary restrictions as researchers have found that a high salt diet may double their risk of developing cardiovascular disease.
 
 
 

Latest from the Network

Zoe Saldana pregnant?
Los Angeles, July 24 (IANS) "Avatar" fame actress Zoe Saldana is reportedly expecting her first child. The 36-year-old is set to become a mother for the first time with her Italian artist husband Marco Perego, reports...
Read more on Celebrity Balla
 
Apple’s iBeacons are paying off for advertisers in a huge way
There was a great deal of interest surrounding Apple’s iBeacons when they launched alongside iOS 7 late last year, but as they are still in the initial stages of deployment, we haven’t seen much data regarding their...
Read more on Apple Balla
 
India leads players' parade at Commonwealth Games opening ceremony
Glasgow, July 24 (IANS) London Olympics silver medallist Vijay Kumar proudly carried the tri-colour as India, by the virtue of being the previous hosts, led the 2014 Commonwealth Games opening ceremony parade around...
Read more on Sport Balla
 
World War II bomb defused in Germany
Berlin, July 24 (IANS) Task forces Wednesday succeeded in defusing a World War II bomb in a district of Germany's Cologne, media reports said. The bomb was discovered Tuesday during construction work on the site of...
Read more on Politics Balla
 
Naya Rivera gets hitched
Los Angeles, July 24 (IANS) "Glee" star Naya Rivera married actor Ryan Dorsey in Cabo San Lucas, Mexico in front of a small group of close family. The wedding took place July 19. Expressing their happiness, the couple...
Read more on Celebrity Balla
 
Scottish actors Dunbar, Barrowman kick-start CWG opening ceremony
Glasgow, July 24 (IANS) The opening ceremony of the 2014 Commonwealth Games got off to a colourful start with a jig from Scottish actor John Barrowman and comedian Karen Dunbar at the Celtic Park here Wednesday....
Read more on Sport Balla
 
Toll hits 682 in Gaza Strip
Gaza, July 24 (IANS) The toll in the ongoing Israeli offensive in the Gaza Strip, which started July 8, has grown to 682, authorities said Wednesday. Israeli airstrikes and tank shelling as part of the 'Operation...
Read more on Politics Balla
 
Jennifer Aniston and Sandra Bullock 'best friends'
Jennifer Aniston and Sandra Bullock have reportedly become the ''best of friends''. The 45-year-old star and the 49-year-old actress have struck up a close relationship after meeting at mutual pal Gwyneth Paltrow's...
Read more on Celebrity Balla
 
JWoww 'blacked out' during labor
Jenni 'JWoww' Farley has claimed she ''blacked out'' when she was giving birth to her daughter. The former 'Jersey Shore' star - who was induced 39 weeks into her pregnancy - admits her labor was ''way more painful''...
Read more on Celebrity Balla
 
Lana Del Rey likes 'passionate love'
Lana Del Rey likes to have a ''passionate love''. The 29-year-old singer believes a large proportion of a relationship is based on sex and she admits she isn't interested in romance unless it is ''physical''. Speaking...
Read more on Celebrity Balla