The Lesson of “I, Pencil” An Essay on Economic Freedom for the Ages
As a young college student studying economics in the 1960’s I was exposed to the writings and philosophy of Leonard Read while researching a paper on Adam Smith’s enlightened principle of the “Invisible Hand”. Mr. Read had ... Views: 9359
One of life’s great pleasures is travel. The opportunity to view distant lands, experience new food and drink, sample exotic cultures and meet local citizens is always rewarding. One of my most prized experiences when I visit any new land is to sample local produce, manufactured goods and learn ... Views: 5632
I grew up in the 1950’s playing basketball hour after hour on city playgrounds.
The public courts of the day were nothing like those found today in most American towns. There were no lights, a steel, kidney-shaped backboard (ugh!) with bent rims, occasionally a steel chain net and no lines ... Views: 5590
At the conclusion of every sales presentation the salesman will have achieved one of three results: a sale is made, a sale is lost or valuable information is gleaned that can result in building a relationship. The third result can be called identifying the “hot button”. Obviously, the purpose of ... Views: 5501
by: Geoff Ficke
I recently saw the movie “The Prestige”. The story is about two ferociously rival magicians and is set in the 1890’s. A sub-plot in the movie concerns the largely forgotten rivalry between scientists and inventors Nikola Tesla and Thomas Edison. Entrepreneurs today can learn ... Views: 5225
The importance of a professional business presentation can not be overstated in determining the fate of a new business opportunity. Nevertheless, it is amazing how many times the presenter does not apply these same essential professional requirements to their own person. You only get one chance ... Views: 5211
by: Geoff Ficke
Many of the inventors and entrepreneurs we deal with in our consumer product marketing business approach us with dreams of selling product to the masses. This can be lucrative and a proper launch strategy in cases where all of the stars in the galaxy line up properly. How ... Views: 5092
One of the bigger mistakes we see new entrepreneurs and startup businesses make is to try to hit a home run right out of the box. My experience in the days when I played baseball, and in building a solid business foundation, is that when purposely trying to hit home runs, you usually strike out. ... Views: 4987
For many years I felt that if you scratched any American you were scratching an entrepreneur. This is the country where entrepreneurial activity is most possible and seemingly every citizen has an idea with commercial potential. Sadly, over time, I realized I was wrong. If you scratch most ... Views: 4706
Any traveler to London is naturally overwhelmed with the many sites, sounds, history and majesty of this glorious ancient capital, especially first time visitors. Buckingham Palace, Westminster Abbey, the Thames, Big Ben the Horse Guards, 10 Downing Street, St. James Park, St. Paul’s Cathedral, ... Views: 4658
by: Geoff Ficke
The Importance of “Instant Gratification” When Marketing Consumer Products
I remember as a little boy the excitement of shopping for a new car with my father. Dad was a Chevrolet man. He always bought cars from the same dealership and the same salesman. We would walk the ... Views: 3757
As in so many consumer product categories, it would seem that there is little room left for innovation in mature businesses like liquor. Most of the world’s best selling alcohol brands have pedigrees that extend back for generations, if not centuries. Johnnie Walker scotch, Jack Daniels whiskey, ... Views: 3626
by: Geoff Ficke
Two Centuries Ago “The King of Chefs, the Chef of Kings”
Created the Modern Gourmet Cooking We Know Today
We live in an age of plenty, when food is consumed and pursued as much for entertainment as for sustenance. Haute cuisine foodie magazines abound. There are television ... Views: 3555
by:Geoff Ficke
Virtually every modern household has a basic wheelbarrow stored away. The use of the wheelbarrow is ubiquitous in construction and basic home chores. The design, form and function of the wheelbarrow has not appreciable changed for 700 years. And yet, this simple tool is one of ... Views: 3387
by: Geoff Ficke
The Nearly Forgotten Fashion Pioneer Who Changed the Way Women Dressed
Mention the name Chanel and virtually every woman, and most men immediately have a mental picture of the famous logo, eponymous boutiques, couture fashion and famous Fragrances created several ... Views: 3151
by: Geoff Ficke
How We React to Failure Defines How Much Success Most People Can Attain
In 1954 the manager of The Grand Ole Opry told Elvis Presley, “You ain’t going nowhere son. Go back to driving a truck”.
After his first audition the great actor Sidney Poitier was told by the ... Views: 3047
I am often asked by aspiring entrepreneurs for tips that are essential to being successful in launching a new commercial venture. Below I have assembled the big 10, something like the 10 Commandments, only for entrepreneurial success. The items covered below are not negotiable in the process of ... Views: 3027
During the 18th century the royal courts of Europe were starved for exciting and fresh entertainment formats. The staid choral recital, piano concerto, plays and opera had been standard fare in all of the great palaces for centuries. Each court strove to offer something more modern, more cutting ... Views: 2862
Today poetry is not a culturally prevalent or popular art form utilized to convey deep thought or the meaning of ideas. To be sure, there are contemporary poets, published works of poetry are available and the United States still recognizes a living “poet laureate”. However, for vast swaths of ... Views: 2812
Every business requires a structure that will withstand necessary legal and governmental scrutiny. The choice of how to organize a new enterprise should be made based on the needs and capacity of the owner(s) to maintain and detail the records, history and finances of the business.
Many ... Views: 2736
by: Geoff Ficke
10 Bullet Point Options for Bootstrapping Your Small Business or Consumer Product Opportunity
Almost every small or micro-business, entrepreneur or inventor faces a harsh financial reality when starting out. They have little or no access to venture capital, financing or ... Views: 2688
by: Geoff Ficke
Ayrton Senna, the great Brazilian Gran Prix driver, once famously was quoted: “To survive Gran Prix racing, you need to be afraid. Fear is an important feeling. It helps you to race longer and live longer”.
Fear is an element that each of us face in different ways, and at ... Views: 2674
How to Turn an Ancient Scottish Peat Bog into Marketing Gold
Many years ago, as a young entrepreneur seeking to launch my very first consumer product, I discovered the importance of having a Unique Selling Proposition (USP) to establish my brand’s niche. My partner and I had developed a very ... Views: 2658
The world is currently fixated on the international credit crisis and the role banking has played in this debacle. We take it for granted that commerce flows quickly and accurately across borders and frontiers. A resident of Maine can purchase a tank of gas at home, or in Italy with the same ... Views: 2654
by: Geoff Ficke
One wintry night in 1933, Percy Shaw found himself driving his automobile on a remote country road in England. The night was moonless; the fog hung densely and there was a persistent mixture of rain and snow belting against his windshield. The road was little more than a lane, ... Views: 2635
by: Geoff Ficke
Any visitor to modern Egypt, or viewer of a travelogue on this amazing country is awed by the antiquities visible everywhere. The Sphinx, hundreds of pyramids and mausoleums, temples and statuary are testament to the brilliance of this 4000 year old culture. These relics have ... Views: 2599
The 10 Commandments of Selling
Every successful entrepreneur must achieve a level of sales competence. Short of spending valuable capital on hiring sales professionals, there is no alternative. Selling is to business as fertilizer is to agriculture.
Nothing happens in a company until ... Views: 2545
by: Geoff Ficke
Successful entrepreneurs are people that always see opportunity in any situation. By nature they are positive and constantly seek innovations that address wants and needs that they identify in their contemporary environment. Currently we are in a dark economic period, and this ... Views: 2491
The first commercially successful mouthwash product is still one of the most famous: Listerine. First marketed in the late 19th century as a surgical antiseptic, the product enjoyed modest success. Listerine was created by Dr. Joseph Lawrence and Jordan Lambert and named in honor of Dr. Joseph ... Views: 2464
by: Geoff Ficke
What was true when written in Sophocles revered 5th Century B.C. text Phaedra, is ever-more true in the 21st century. Other than the lightning struck few who win a lottery prize, fortune, and success in life is not given easily, and certainly not to the faint hearted. The ... Views: 2420
by: Geoff Ficke
The Importance of Focus Groups and Their Alternatives
To Consumer Product Marketers and Entrepreneurs
My Consumer Product Development and Marketing Consulting firm offers a variety of services to clients. One that we frequently utilize, and is often misunderstood is the ... Views: 2362
by: Geoff Ficke
The Rarest Most Exclusive Garment Wool in the World is Not for Sale
For centuries the famous weavers of Kashmir have gathered and produced shawls from the rarest fiber in the world, Shahtoosh. These fabulous, prized shawls are so exclusive that the name Shahtoosh, meaning ... Views: 2346
Mercenary soldiers have been used by nation states since Biblical times. The Romans used Goth mercenaries to fight Hannibal and his Carthaginian army. The English used Celtic warriors to defend them against the Vikings. The British used Hessians during the Revolutionary War here in the United ... Views: 2317
by: Geoff Ficke
Brand Extension Can Be a Key to Growing and Evolving a Consumer Product Line or Service
Switzerland is the couture watch capital of the world. A visit to Geneva and its surrounding cantons exposes the traveler to the hundreds of exotic watch brands made in this famous ... Views: 2273
Winston Churchill’s Famous War Cry
Is Fully Applicable for Today’s Entrepreneurs
Arguably, the courage and moral leadership provided to the western world by Winston Churchill was the key instrument essential to keeping World War 2 from ending early, and ever so badly for the cause of ... Views: 2222
by: Geoff Ficke
As a young, struggling college student in the 1960’s I became entranced with the life, philosophy and writings of the great American thinker Eric Hoffer. Hoffer’s life story was almost mystical, his thinking so lucid and the concepts he presented were so fresh that I could not ... Views: 2210
by: Geoff Ficke
Since the beginning of time, until the middle of the 19th century the production of goods was conducted on an artisan, piece by piece basis. Over these many centuries the center of the individual’s universe was the local environ where commerce and enterprise were conducted on ... Views: 2202
by: Geoff Ficke
Adopt a Pre-Sell Strategy to Drive Interest in Your Project
Before Seeking to Attract Investment Funding
Recently I met with a prospective client who presented my Consumer Product
Marketing and Branding Consulting firm with an overview of his project, its development ... Views: 2199
One of the most difficult tasks a new prospective entrepreneur faces is the construction of a Sales Model. Many books devoted to instruction for writing a business plan devote little or no attention to this vital exercise. The knowledge needed to assemble a quantified, qualified and clearly ... Views: 2157
by: Geoff Ficke
In 1930, a young engineer was sent by his supervisor to spend time working on the floor of a Minneapolis auto body shop. The reason for the working visit was to review the performance of his employer’s principal product, industrial grade sandpaper, in actual use as a car door ... Views: 2149
by: Geoff Ficke
Albert Einstein’s famous “Theory of Relativity” (e = mc2) is as familiar to many millions of people as a popular modern commercial limerick for a soft drink or a jingle for a candy bar. Even though very few amongst these millions actually understand the scientific premise of ... Views: 2121
“The Big Idea” that will make an entrepreneur successful is not obtainable by filling in the blanks on a magic invention template. Where do ‘The Big Ideas” come from? Why are some people able to develop exciting concepts and others, though constantly scheming, achieve nothing of value? How do ... Views: 2107
by: Geoff Ficke
Cement is the most widely used building material in the world and has been for thousands of years. The historical record confirms that the ancient Persians, Assyrians and Babylonians used cement in the binding and affixing of mud bricks. The Egyptians also used cement in ... Views: 2105
by: Geoff Ficke
Classic French Milled Soap Offers a Lesson in Creating
A Proprietary Marketing Niche for Common Products
One of the most difficult realities an aspiring Consumer Product Marketer must confront is how to present their Brand as a fresh, original, worthwhile counter-offering ... Views: 2055
by: Geoff Ficke
5 Examples of Remora Fish Marketing That Can Jump Start Your Product’s Sales & Marketing
Everyone is fascinated by sharks. They are so dangerous, explosive and mysterious. Television documentaries detailing their habits, hunting techniques and brutality are ubiquitous, As ... Views: 2053
The American economy is the growth engine of the industrial world and will continue to be so, as long a steady stream of innovative, divergent products is successfully created. The history of capitalism is replete with cycles of unique, needed product and technology advances that exponentially ... Views: 2038
Their Successors Often Lose Focus And Greatly Damage These Franchises
If you are of a certain age you will vividly remember the following names: Helena Rubenstein, Faberge, Germain Monteil, Trigere, Revlon, Elizabeth Arden, Max Factor, Schwinn, W. T. Grant, Montgomery Ward and Chuck Taylor. ... Views: 2035
by: Geoff Ficke
For 100 Years Women Have Enjoyed the Luxury of Jean Patou’s Joy Fragrance
French furrier and tanner Jean Patou moved from Normandy to Paris in 1910 intent on building an eponymous fashion house. He opened Maison Parry and sold his entire collection in 1914 to a single ... Views: 2027
by: Geoff Ficke
Modern travelers take the open road for granted. We can hop into exquisitely engineered modern vehicles, pop onto smooth, straight freeways, well lit, with excellent signage and many roadside conveniences. We can cover as much ground as we might like in any direction, in ... Views: 2014
by: Geoff Ficke
An Example of Remora Marketing That Launched the
National Chain Drug Store Boom
Before the middle of the 20th century there were no national chain drug stores. The neighborhood pharmacy was typically owned by a local druggist. There were multi-door local groups of stores ... Views: 1995