Business Success Requires More Than Good Checklists

Feb 1 2014, 6:05pm CST | by

Business Success Requires More Than Good Checklists

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

 
 

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

Verizon 1Q profit surges on Vodafone-related gains
NEW YORK (AP) — Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit. The largest U.S. cellphone carrier on Thursday posted a 23 percent profit increase in its...
 
 
China set to punish web giant Sina for pornography
BEIJING (AP) — China plans to revoke two crucial publication licenses for Sina.com, which might partially ban the web giant's operations, because obscene content was found during an anti-pornography crackdown, state...
 
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
 
 
BTG Option Launches Its Brand-New Trading Platform
BTG Option Launches Its Brand-New Trading Platform
BTG Option has changed management and has completely re-designed its binary options trading site. Its new and improved trading platform provides a unique trading experience, allowing traders to utilize various financial instruments while trading on a wide range of underlying assets from across all global markets. The site will be providing special offers and luxury terms & bonuses within the near future, alongside a range of helpful trading tools.
 
 
 

Latest from the Network

E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Business Balla
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Auto Balla
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Ad Balla
 
Simon Cowell teaches son mischief
Simon Cowell has taught his son to stick his tongue out. The 54-year-old music mogul dotes on two-month-old Eric - his first child with girlfriend Lauren Silverman - but has already been teaching him some mischievous...
Read more on Celebrity Balla
 
BTG Option Launches Its Brand-New Trading Platform
London, United Kingdom, April 24, 2014 --(PR.com)-- A valuable addition to the trading arena. BTG Option has recently launched its brand-new trading platform, creating a buzz throughout the entire trading community...
Read more on Business Balla
 
In The Battle For Streaming Supremacy Between Amazon and Netflix, The Only Winner Is The End-User
Yesterday, Amazon struck a major blow against competitor Netflix by announcing it had nabbed exclusive rights to the majority of HBO’s back-catalog of series including The Wire and The Sopranos. Under the new deal,...
Read more on Business Balla
 
The Creative Force Behind The World's Most Important Causes
“It is our belief that the most powerful way to solve the grand challenges of our time, is to operate at the very intersection of purpose and business. To apply the ingenuity, innovation and scalability that let the...
Read more on Business Balla
 
Three Ways To Sell Your Business For Top Dollar
The following guest post is by David Ryan, founder and managing member of Upton Financial Group, an advisory firm specializing in business value strategies and solutions. Many business owners wait years to sell their...
Read more on Business Balla
 
Apple's iPhone Generated Great Results And A Solid Outlook
There weren’t many holes in Apple’s March quarter results. Revenue of $45.6 billion increased 5% year over year and was nicely above the high end of the $42 to $44 billion guidance range. Gross margin was even better at...
Read more on Business Balla
 
Apple's Moves Make The Stock Look Better, But Is It Worth More?
Apple just announced that it plans to split its stock, 7-for-1. Is that impressive or what? But wait, that’s not all! It also plans to repurchase $90 billion of its stock. Impressed even more? But that’s still not all!...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla