net

(Brent) #1

VOICES
The design of business


puts a strain on your resources in terms of time,
attention and money. This is why focus is critical.
The more products or services you add to the
mix, the more time and energy you need to devote
to them and by spreading yourself too thin you run
the risk that all of your efforts underperform. In the
worst case scenario, this can lead – ultimately – to
the failure of the business.

A FOCUSED MISSION
As you plan a product roadmap be sure to constantly
check in with your values and vision, ensuring that
what you are working on remains aligned with your
original mission.
Using your original vision as an anchor, it’s
important to establish an overall strategy with a
clear sense of direction. This vision – drawn from
your values – is unlikely to change over the medium
term and it’s important that you stick to it.
This is where a mission statement, even if you’re
a small company, can help. If you’ve taken the time
to create a mission statement, you can check against
it as you develop new ideas for products. If a new
product doesn’t fit the mission, you know you need
to rethink it.
My focus at Tiny Books (www.tinybooks.org) is
simple: “To help others build better businesses by
providing digital tools for digital entrepreneurs”.
This short sentence, which took a considerable
amount of time to write, is the result of distilling and
defining my mission.
As I work to develop new products, I check back
against it and – if the fit isn’t right – I start again
from scratch. Adding new products that aren’t a fit
with the mission statement will lead to confused
customers and confused customers tend to seek
alternative solutions.
As you build your product roadmap, it’s important
not to lose sight of focus. As David Hieatt of Hiut
Denim puts it: “Do one thing well”. If you focus on
doing that your customers trust in your brand will
grow and you’ll find yourself reaping the rewards.

FOCUS


With your business launched and – hopefully –
successful, it’s tempting to start to establish
plans for expansion. In my article ‘Repeat’ (net #300)
I stressed the need to develop new products or
services to ensure that you have a pipeline of
products. As I noted:

“A single product will only maintain momentum
for so long and, as such, over time you’ll naturally
see a fall-off in sales. This is where building a
‘pipeline of products’ comes in. The secret is to
release new products often and maintain contact
with your customer base.”

Adding new products or services to your mix will
help to drive sales. However, it’s important that you
don’t lose focus by adding new products that don’t fit
with your overall brand story.
Businesses often fail as they grow due to a loss of
focus. As more products are added to the mix, the
underlying vision and values of the business can
become diluted. This can lead to confusion in the
minds of customers about what your brand stands for
and what its purpose is.
Branching out in too many directions, especially
if you have a small team, leads to a lack of focus and

Christopher Murphy stresses the need for focus as
you begin to build your product roadmap

INFO
job: Writer, designer
and educator
t: @fehler
w: tinybooks.org

Hiut Denim is focused on one thing: denim. This focus is encapsulated in its
mission to: “Do one thing well”

THE DESIGN OF BUSINESS
Free download pdf