TRIPLE III TIME: Customer-Base Realities

IMG_8860

Every product and/or service has a customerbase that it applies to.  Whether owned and operated by a private or public business entity…to be profitable, efficient and effective…every product or service has to regularly meet the need(s) of a certain group of customers.

So given this reality…how much time…study…and development effort do you/your organization devote to appropriately address:  Customer-Base Realities?

When I went full-time into my consulting business I thought that I would be instantly “over-booked” by customers needing “innovation inspiration”!  Guess what…I was wrong.  Although it was and still is true that many could benefit from what services I provide… I did not:

  • Realize the niche customer-base I was looking at.
  • Take into account the impact timing has on those I was hoping to serve.
  • Recognize that I had a lot of competition in my market.
  • Understand that my service was not a necessity to the customer-base…rather only a continuous improvement option.

Or take into account other factors like:

  • Locations I was planning to serve
  • Age of potential customers
  • Past consultant experiences
  • Technological influences

Bottomline:  I did NOT do a quality job researching, identifying and addressing (in the most simplified manner) the:  Customer-Base Realities facing my business plan.

Today with all of the life-style, service delivery, hi-tech, job change and info-overload issues influencing people everywhere… challenging yourself/your employer to become better aware of Customer-Base Realities is critical.  Whether you work in the field of human services or in a manufacturing areayour Customer-Base Realities regularly change similar to the seasons.  Therefore becoming and remaining a “student” of Customer-Base Realities in your profession has endless potential benefit.

Unknown's avatar

About Inspiring Innovations, Inc.

Marv Pichla is currently the owner and Creative Advisor for his own small business, Inspiring Innovations, Inc. Sharing his unique experience with entrepreneurship and innovation in public service, Marv consults with public and private business, education, and community organizations to develop new and different problem solving methods through real-life example-based learning. Prior to starting-up Inspiring Innovations, Inc. Marv served as Executive Director for Thumb Area Michigan Works! As Executive Director, Marv used public sector innovation as his guide for the organizations regional career development, employment service, education and strategic planning initiatives. Finally, Marv was raised on a farm in the Thumb Area of Michigan where he claims he received the education principles he values most. However, he obtained his Bachelors and Masters Degrees from Center Michigan University in Public Administration and eventually his Ph.D. from Capella University in Minnesota. Marv can be reached at: mpichla@inspiringinnovationsllc.com

Posted on June 14, 2024, in LEADERSHIP - ALWAYS!, Triple III. Bookmark the permalink. Leave a comment.

Leave a comment