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Browse published articles attributed to Geoff Ficke, with full-archive search.
by: Geoff Ficke The Challenge for Big Companies Is Not to Be Slow! That Is the Opportunity for Entrepreneurs
by: Geoff Ficke Competition Is to Successful Marketing As Fertilizer Is to Fruitful Agriculture Many believe that marketing a consumer product or service would be so much easier if we could have the field of commerce solely to our project. It only seems logical that if your business enterprise had the only peanut butter, pet food or toothpaste on the market you would prosper greatly. A monopoly certainly seems to be the “Holy Grail” that any marketer would desire to protect and enhance their certainty of success. It’s just that this is not so.
Why Are Immigrants So Successful as Entrepreneurs While Fewer & Fewer Americans Even Try? This week I had a Speaking Engagement scheduled in Jackson, TN. Upon arrival I settled into my hotel and it being early evening I asked the front desk attendant what restaurants he would recommend for dinner? He mentioned a brand new Chinese place within walking distance of the hotel. I decided to give it a shot.
A Baby’s Illness Was Responsible for One of the World’s Most Revered and Iconic Brands There is barely a household anywhere in the world that is home to a baby that does not have a supply of Gerber Baby Food in the cupboard. The product is ubiquitous. The label is one of the most recognizable in the world. The story behind the germination of the brand is a testament to the old adage of opportunity arising from ones life’s experiences.
by: Geoff Ficke How to Self-Analyze Your Consumer Product Idea To Facilitate Bringing It to Life Today I was approached by a person with an interesting Consumer Product concept they hoped to bring to market. The idea potentially has considerable utility. I say “potentially” because it is still only an idea. I am often asked how to gauge whether a new Consumer Product idea, service or concept has real viability to be successful in the contemporary volcanic Retail Marketplace. Here are three rules to use to self-screen your concept before attempting to build and market the idea.
by: Geoff Ficke How to Market a New Consumer Product Idea-The Mindset Required
by: Geoff Ficke The Importance of Crude Prototypes in Launching And Marketing New Consumer Products The most spectacular example of stunning product design extant in the world today must surely be on display in Marinello, Italy at the Ferrari Auto works. Ferrari is the apex of beauty; exclusivity, performance and technology, all bundled into one visually stunning work of mobile art. The famous Prancing Horse icon, seen racing down a winding road, attached to a Ferrari is one of the most beautifully alluring visions in the world.
by: Geoff Ficke For Seven Generations a Unique Business Has Brought Happiness and Beauty to Millions Each Spring Newark, New York does not spring to mind as a base for horticultural genius. Not to be confused with tough, rough hew Newark, New Jersey, this small farming area became the original home of one of the greatest horticultural enterprises in the world. From humble beginnings as a nursery servicing local gardeners Jackson & Perkins became the largest purveyor and developer of sub-species of roses in the United States.
This is a question that has no absolute answer. In many aspects of life an entrepreneurial spirit is useful. For our purposes, we will stick to the commercial and business areas and narrow the field of possible answers within this scope. I believe that theoretically any person can be a successful entrepreneur. Unfortunately, this is far from true in the real world. Most people do not have the mix of drive, ambition, passion, fearlessness and creativity requisite in most successful entrepreneurs. Look at the lifestyle and career choices made by the vast majority of people.
His Contributions as a Practical Inventor Should Be Equally Revered Every school child is imbued with a history of the American Revolution that glorifies the great accomplishments, political, military and social, of the famous founding fathers. We learn that George Washington; the Father of the United States was a great military leader, farmer, politician and stoic face of the revolutionary movement. Benjamin Franklin was an inventor, publisher, diplomat, self-made millionaire and audaciously wise man.
by: Geoff Ficke What Lesson Can Entrepreneurs Learn from a Bespoke Suit Maker and M&M’s Candy? Recently I read a profile of a relatively new business, Astor & Black that makes bespoke tailored gentlemen’s suits. The Company sends salesmen direct to their clients home or office and custom fits garments. There are thousands of fabrics to choose from, each suit is cut by hand to specific measurements and delivered in four to six weeks. The cost for an Astor & Black suit is about one-fourth the price of a Saville Row crafted suit.
by: Geoff Ficke Why Is Laser-Like Focus So Crucial and Yet So Difficult for Entrepreneurs to Maintain When we work with small businesses, entrepreneurs and inventors in our Consumer Product Marketing and Branding Consulting group we constantly find ourselves using and reinforcing the importance of the word “focus” to prospective clients. It is crucial to their success. It is also, often in the shortest of supply.
by: Geoff Ficke Customizing Products and Services Presents Entrepreneurs a Great Way to Bootstrap a Business We live in a world where mass production and scalability have enabled consumers around the world the opportunity to enjoy a wider range of Consumer Products and Services than ever before. Large scale production drives down prices. Items that were once luxuries are now within reach of masses of consumers on every continent.
by: Geoff Ficke Two Centuries Ago “The King of Chefs, the Chef of Kings” Created the Modern Gourmet Cooking We Know Today
Industries Pioneered by Immigrants Prove America Still World’s Center for Opportunity My first job after service in the Marine Corps was with the Revlon Cosmetic Company. Revlon was founded by the iconic business man and fashion arbiter of the day, Charles Revson. The business in the 1940’s, 1950’s and 1960’s was totally identified with Mr. Revson; his lavish lifestyle, marriages, famous temper and hugely successful product launches were regularly trumpeted by the business press of the day. Charles Revson was a visionary.
by:Geoff Ficke The Most Under-Utilized Resource Entrepreneurs Neglect to Take Advantage of Is Local Universities
Taking Shortcuts in Order to Secure Investment Funds Is the Pursuit of Fools Gold and Insures Failure by: Geoff Ficke Just today, on a single Linked-In group I visit, I have seen at least five naked pitches seeking funding for a new consumer product, concept or invention. This occurs almost every day on these sites. The efforts are always clumsy, transparent, sophomoric, and can only lead to futility.
by: Geoff Ficke The Cincinnati Native Who Created the Pet Food Industry in the Mid-19th Century
by: Geoff Ficke A Case Study in Very Bright Successful People Making Really Bad Product Marketing Decisions As my readers know I run a Consumer Product Development and Marketing Consulting Company. We review hundreds of Inventions, Innovations and New Product Concepts each year. These are submitted by individuals, small and micro-businesses, occasionally multi-national Companies and run the gamut from Foodstuffs to Sporting Goods to Giftware to Cosmetics. If it Sells in Retail Stores or is marketed to consumers we have probably worked in the space.
by: Geoff Ficke Securing Professional Help - How to Market a New Consumer Product Idea The last article in this series considered the mindset and attitudes required to be a successful marketer of consumer products and services. We discussed whether to utilize professional Consulting firms or to take the plunge and self-market your project. Here are some ideas on securing talent on a local, regional, and possibly pro-bono basis.
by: Geoff Ficke Words Used to Present Your Business Proposition Must be Carefully Chosen This week I was forwarded a Business Plan from a Venture Capital principal for whom I perform consulting services. This gentleman had read the elevator pitch for the product and had initial interest in the proposition. He requested that I review the document in detail and mark up the key points that would be of much, or of no interest to his firm and make a recommendation as to the viability of the project.
by: Geoff Ficke William Shakespeare” famous quote from Hamlet, “When sorrows come, they come not single spies, but in battalions”, is particularly relevant today. All of the news seems bad. The negative numbers are huge. The human devastation seems interminable. Governments everywhere seem to have lost control. Debt is perverse on a personal, corporate and governmental level. This glass seems to be mostly empty. It is not! From the depths of disaster grow the seeds of opportunity.
by: Geoff Ficke A Great Example of Building a Successful Start-up Gift Marketing Business from a Nice Personal Habit
by: Geoff Ficke Having a “Better Mousetrap” Is Not Enough to Propel a New Consumer Product to Success This past week I reviewed a new Skin Care concept. My Product Development and Consumer Product Marketing Consulting firm reviews hundreds of projects in numerous categories each year. Many are presented in ways similar to this Anti-Aging range of topical creams and lotions: incomplete and poorly.
One of the great entertainment values available to almost anyone with a cable television service is the History Channel. The volume and quality of wonderfully instructive and entertaining programming on offer is amazing. I have never watched a reality show, or a celebrity dancing display, but I rarely miss the exciting offerings of the History Channel. Recently the channel has been immersed in the subject of Egyptian antiquities.
It Also Offers Entrepreneurs an Amazingr Lesson About Competition Mapping the human genome had been a goal that modern bio-scientists yearned to conquer for decades. Human genome, basically a map of each humans cell make-up, if properly researched and documented, could provide the answer to myriad mysteries, including: why we age, genetic markers, causes and cures for diseases and many more questions previously thought unobtainable. The drive to chart this monumentally complex scientific puzzle lead to an interesting competition.
A fitting metaphor for the young 21st century, and the ever-increasing intrusiveness of government at all levels, is this weeks news stories detailing the total lack of progress in rebuilding the World Trade Center. This is the cherry on top of the proverbial bitter bureaucratic sundae. Is this the America of yore? What has happened to us? Utilizing the relatively primitive construction techniques of the Depression era, the Empire State Building was conceived and constructed in 410 days. Men were hungry and desperate at that time. Government, pre-New Deal, was much smaller at all levels.
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”.
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, with no signage, no shoulders, winding and curvy. Any error in judgement would be very costly indeed. As Mr. Shaw slogged along he suddenly came upon a rise in the road and was startled when a small Morriss Minor automobile appeared right at the crest of the grade.
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 survived the ravages of time, weather, wars and invasions. Almost entirely forgotten, however, is the ancient Egyptian fetish for personal health and cleanliness.
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 will prove to be a fertile time for the introduction of novel innovations that will reward their creators with significant profit. The world’s most famous, widely played and sold board game is Monopoly. Lizzie Phillips created the first version of the game that was to evolve into modern Monopoly.
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 opportunity to succeed in any endeavor is available to all fortunate enough to live in free societies, but in reality this blessed gift is seized by few.
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 was being sanded. The young mans name was Richard Drew. While in the repair shop, young Mr. Drew was exposed to a rougher work environment than he was used to. The floor of the shop was loud, dirty, and, well, quite profane.
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 relative comfort and safety. Much that we love about modern road travel was actually available 2500 years ago to the ancient Romans.
by: Geoff Ficke Almost every living individual is being effected adversely in some way by the international economic meltdown we are experiencing today. The genesis of this severe financial downtu is attributed to the United States government encouraging the expansion of homeownership to people who would have historically been deemed unworthy of obtaining credit.
by: Geoff Ficke The Classic Toy “Mr. Potato Head” Would Neverr Become a Success in Today’s Overprotective Society In the late 1940’s a Brooklyn-based inventor named George Lerner began to attempt to license a toy concept he had developed. The idea was to take pieces of fruit and vegetables and dress them with human facial features made from tiny plastic parts. The goal was to enable kids to create funny faces on their veggies.
by: Geoff Ficke Any reflective student of history is often amazed at the products and processes invented and discovered in the ancient world that we take for granted today. Paint, gunpowder, weaponry, cement, the arch, beer, silk, papyrus, champagne, and so many others remain at the center of modern society and commerce in one form or another. Two of the most interesting ancient inventions are among the most popular consumer products of modern times, chewing gum and chocolate. Chocolate was first harvested and converted into a consumable drink by the Aztec’s in Mexico.
by: Geoff Ficke For most of history natural and man made disasters were treated as simple “Acts of God”. After the event, the effected populations were left to fend for themselves. They rebuilt their lives as best they could but there was no agency or provider that could be approached for assistance. Charity was virtually unknown in any organized way. Governments were distant and not in the business of administering relief funds. Thus, a commercial opportunity was noticed, addressed and successfully harvested. In 1670 there was a massive fire in London.
by: Geoff Ficke How Modern Gastronomy Has Been Influenced by The Commercialization of Ancient Condiments Several years ago I had the good fortune to re-visit the ruins at Pompeii near Naples, Italy with my family. I had been to the ancient site some 30 years before, but the excavation of the volcano shrouded city had progressed a great deal in the interim and there was much that had not yet been discovered on my earlier visit. Our very informative guide advised us that archaeological work and discoveries would be ongoing for many decades still.
The ability to succeed as an entrepreneur is one of the most rewarding experiences any person can enjoy. Seeing your product on a store shelf is an amazing rush. Knowing that your service is benefiting the public is incredibly rewarding. Beyond the obvious monetary rewards, the knowledge that you have achieved a level of success most people can not even attempt is a significant gift. So what does an inventor, or creator, do to advance their opportunity if they do not have classic entrepreneurial makeup.
by: Geoff Ficke The Old Adage “You Get What You Pay For” Is Especially Important to Service Providers in Today’s Economy The 19th century British essayist John Ruskin once presciently stated, “There is scarcely a thing in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man’s lawful prey”. Great wordsmith that he was, Mr. Ruskin’s stylish prose has been re-engineered in more modern form to become the universal adage “You get what you pay for”.r
by: Geoff Ficke One of the great benefits we enjoy about the consulting work we do is having the opportunity to review the inventiveness of hundreds of entrepreneurs each year. It truly is amazing how many of these creative talents push the envelope of novelty. There is no such reality as the oft stated: “I have seen it all”. None of us have seen it all, as the volume of freshly executed innovative products and concepts being nurtured, is never ending. And yet, so few of the projects we review ever make it past our initial critique and pre-product development criteria.
by: Geoff Ficke An Eccentric Lifestyle Popular in the Early 19th Century Has Left Us the Simple Graham Cracker and More! The Presbyterian Reverend Sylvester Graham, an early 19th century proponent of an extreme, aesthetic lifestyle, is largely forgotten today. During his life, however, he was amazingly popular and many of the theories he espoused are actually popular to this day, though he is rarely credited with their acceptance. He was also widely reviled and a controversial figure of derision.
by: Geoff Ficke The Great Department Store Visionaries Created Much More Than Vast Retail Palaces Before the middle of the 19th century retailing was a disorganized, semi-professional business. Small general merchandise stores carried minimal stock levels and were often limited to local goods and produce. Mass production created by the industrial age was just beginning, so quality and availability of product was uneven at best. Brand names were rarely seen on store shelves in different towns, and never in different countries.
by: Geoff Ficke We take the simplest devices for granted in our modern technologically advanced world. We turn a tap and water is delivered, hot, temperate and cold. We hit a wall switch and darkness is overcome by light. We open the refrigerator door and peer into a compartment that contains climate controlled stored foodstuffs. These conveniences are omnipresent in the developed world in the early 21st century. And yet, we reflect little on the simplest, most important inventions that make all forms of product possible. Consider the humble screw.
During a January 1980 television interview, then British Prime Minister Margaret Thatcher stated, “No one would remember the Good Samaritan if he’d only had good intentions. He had money as well”. Our current times make this keen observation particularly relevant. We continually are bombarded with facts and figures conce ing fai ess, income distribution, giving and sharing the wealth. I am a capitalist. In certain circles that assertion is met with derision, claims of selfishness and images of Dickensian hoarding. I plead guilty.
by: Geoff Ficke I have written in the past about the huge commercial opportunities afforded divergent products and inventions, as opposed to convergent features added to existing products. Divergent products are truly groundbreaking, destructive, disruptive breakthroughs. However, very few truly innovative divergent technologies are invented and make it successfully into the marketplace. The original light bulb, the phonograph, the radio and the steam engine are examples of innovations that set the standards in their respective product categories and are still in use today.
Watching the Chicago White Sox win the World Series for the first time since 1917, I was struck again how wondrous this beautiful sport still can be. The purest American game, baseball teaches so many of the values we appreciate in all areas of life. Hard work, doing the little things, hustle, overcoming adversity and never quitting are lessons we learn playing Little League baseball. My firm specializes in small business development and boot strapping entrepreneurs. The virtues we see in every baseball game are directly applicable to success or failure for inventors and companies.
by: Geoff Ficke As readers of my articles well know, I run a marketing and product development-consulting firm. We review hundreds of novel consumer products, new service concepts and prototypes each year. The level of creativity contained in some of these offerings is truly stunning and always amazes. Entrepreneurs have always found the United States to be the mother lode of places to birth ideas and bring them to successful fruition in the worlds most aggressive, cluttered marketplace.
by: Geoff Ficke One of the signal economic thinkers of the 20th century was the Nobel Prize winning economist Milton Friedman. His many books and papers, interviews and television specials have left us a valuable trove of thoughts and observations that should serve as guideposts during our current difficult economic times. His death has left a void that no contemporary thinker has been able to fill. That is most unfortunate, especially now. Recently, I revisited my copy of Professor Friedman’s signature work, Free to Choose.