Product management covers all areas of the business from sales to customer support. While every company will have their own nuances, below are the pillars that I believe to be the required bodies knowledge, in no particular order, one should have so that could execute your strategy, develop new products, and bring those solutions to market, by striving towards profitability over raising capital.
In the information age business owners should consider non-conventional ways to eliminate silos that exist today so that it will be easier for your team to execute on the business strategy and deliver solutions to customers.
Transparency should be baked into the culture and people should be encouraged to over communicate, both internally, and with your customers.
There should be systems like Jira and Slack where people could discuss the work being done.
There should be forums where people can voice their opinions without having to worry about being thrown under the bus by a bad manager. You know, the ones the feel the need to be cc’d on any email.
Meetings should be help as often as needed but should not be required, most of the time.
And when meetings are necessary, be prepared. Have…
Culture is the backbone of a team and more importantly, your company. If someone calls out, will the work get done?
Early on in my career I worked for some of the most toxic cultures.
It was 2009 and the Hedge Fund I worked for had $225 million dollars tied up with the Lehman Brother bankruptcy. It was all my fault. Or, at least it was my fault in the eyes of the partners, who I recall saying “They [Lehman] won’t go bankrupt.”
I was desperate to find a job and, for better or worse, landed one for a prominent…
Defining the acceptance criteria for every business goal can help service providers understand what customers expect, thereby eliminating the risk of project delivery.
Apps are so easy to use they don’t need documentation right?
What if the documentation that would cost tens of thousands of dollars to produce resulted in hundreds of thousands of dollars lost? As a business owner, you might be reluctant to spend money during a Request For Proposal, but after seeing several unsuccessful projects recently, most can be attributed to the fact that expectations between vendors and sponsors was unclear.
Addressing the issue
One way to…
In the future, asset managers of any size for all strategies should consider digital content distribution so that you, your firm, and your sales team can educate prospects and provide curated services to current and future customers.
Digital communication is the key to success for the next-gen independent asset managers.
As the world shifts from the desktop to digital platforms like apps, mobile web and OTT (aka the apps on your AppleTV or Roku device) I think that there are certain principles that can be applied to all strategies, regardless of if you’re in retail wealth management, family offices, REITs…
You’ve got to start with the customer experience and work backwards to the technology. You can’t start with the technology and try to figure out where you’re going to sell it — Steve Jobs
Ideas have a way of sounding better in your head than they do when read out loud or written on paper. It’s like that time my son asked me to build a ninja warrior course in the backyard. …
The startup CEO faces the toughest odds of success.
After a day of putting out fires caused by prospects and mistakes caused by oversight, it’s no wonder the success rate is for startups is frighteningly low.
According to entrepreneur.com, some of the most common reasons businesses fail is from the lack of focus, the lack of motivation, and from taking advice from the wrong people.
Taking the Wrong Advice
People like to give their opinion, especially when it is meant to help.
This causes a conflict for the startup entrepreneur because it’s so easy to find yourself in a rabbit…
Family guy and startup consultant. Just a guy who loves being a dad in an attempt to give people the things I didn't have when I needed it most.