Thursday, September 12, 2013

Execute, execute, execute...

So far I can say things of been going really well for me and the HGG Group, Inc. We are executing our first and only contract. We're developing our tools, refining them, and really discovering our value to organizations. Additionally, it's been really valuable to understand how businesses really struggle and require every dollar that they earn in order to succed.

As far as conducting business is concerned, I can't say much about the bigger picture other then "execute, execute, execute" has been my motto for the last 60 days for my client. 

I'm hoping that in the end when we secure an additional round of financing that is roughly 60 times the cost for my services, my customer will really appreciate having me on board currently and for the long-haul. 

This will hopefully lead to an important aspect of any client service business and that is "scalability."   Scaleabilty is a critical aspect of to Business Development in the long haul. You see, when a business provides service oriented products vice goods there is the ability to scale services exponentially based on value whereas goods had limited growth potential based on the market financing given the same level of work hours.  So my strategy is: refine my products services, deliver a solid experience to a client, negotiate follow-on services at a premium as compared to before and more in line with my value to them, and seek follow on clients through referrals. 

I know that this is typical business service methodology that has high risk of failure. However, I realize that internally to my organization I can somewhat mitigate this risk by always providing extreme value to my customers. So the onus is on me to "execute, execute, execute."

The next coming weeks will telling.  We will be permissing through a major milestone for our effort.  Specifically, we will be going through the first phases of our proposal review with the National Science Foundation. The final product is not due until January but the NSF takes on an interactive role with potential grantees to help ensure success. It is really fascinating to me how well the government has the ability to help small businesses become successful when applying for grants and follow on post award activity. 

Tying this together with my previous posts "start with why", I hope to use all the experiences I'm gaining to establish the core toolsets of my "whats" and "hows" that will better serve my "whys". 

In internal business administration activities. This weekend will be my companies first Board of Directors meeting. I plan to take my team offsite have a discussion about how are doing how we're refining our abilities how can we better serve clients and worse is all taking us in the day. I'm really interested to see how this is going to shape up. It should be encouraging and hopefully further promote more quarterly basis board meetings. 

Until next time, happy innovating. 

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