Article Overview: “The broader one’s understanding of the human experience, the better designs we will have,” says Jobs
Free Download - Steve Jobs Cancer By Steve Jobs
Lesson #5: Think In Broad Terms
“The broader one’s understanding of the human experience, the better designs we will have,” says Jobs.
Jobs has not only made a career out of creating innovative products, but also out of thinking strategically and creatively. From his marketing campaigns to his leadership style to his partnerships, Jobs has continually demonstrated his superior knack for the business world. Unlike Wozniak, who was more involved with the technological aspect of the business, Jobs was a born leader with a vision that would not be overshadowed.
Seeing that computers could be more than just simply machines for practical use, Jobs broughtpersonal computingto the masses by believing in computers as tools of enjoyment and creativity. “A lot of people in our industry haven’t had very diverse experiences,” says Jobs. “They don’t have enoughdotsto connect, and they end up with very linear solutions, without a broad perspective on the problem.”
Jobs’ marketing genius is part of his ability to think creatively and in new directions. When iTunes for Windows was being launched in 2003, Jobs teamed up with Pepsi and AOL to carry out a major publicity campaign. At one event in San Francisco, Jobs had numerous celebrities with a modern, cool appeal endorse the product. From U2’s Bono to Dr. Dre to Mick Jagger, Jobs understood how to market iTunes to appeal to its younger target audience. To close the night, he also brought on Sarah McLachlan to perform two of her songs, which were being offered as download exclusives by iTunes. This campaign served as a classic example of how Jobs’s vision of computers as something fun and creative for the masses matched with his business savvy.
In a similar business partnership, Apple recently teamed up with Nike to create a smart running shoe, which would be able to give runners all the similar type of information that they are able to read off a treadmill. Although the fact that this information would only be available after a run became a problem, Jobs led the two companies down a new creative path, which resulted in the successful Nike+iPod Sport Kit. Meanwhile, this new business relationship continues to grow and with it, Jobs’ ability to think broadly and along new lines is ever more apparent.
The success of Pixar’s 1995 Toy Story marked Jobs’ comeback. If ever anyone had any doubts about his abilities in either the business or the technological worlds, this film undoubtedly laid them to rest. The first feature-length film that was completely computer animated, Toy Story took four years to produce and grossed almost $200 million. A film called The Works was originally scheduled to be the first entirely computer animated film for release in 1986 but it was never finished. It was only due to Jobs’ commitment to his vision that the project was completed.
From product to promotion, Jobs understood what it took to be successful in the business world – creativity and an understanding of the bigger picture.
Related Forum Posts Re: Launch of Social networking software package...Needs inp
- Hi Ashish,
I think you should market the unique benefits of your social networking software package. However, I'm still a little unsure of what that is exactly. You've mentioned before that it's "customizable", but what does that exactly mean? Can you give us an example?
Moreover, what's the difference between downloading the software like MSN Messenger versus visiting a website like Facebook? How much space would your software take up?
People are always skeptical about downloading and using new software on their computers in the event it might be spyware, etc. (especially since no one has the patience to read through a lengthy "Terms and Conditions of Use" page). Have you thought of ways to combat this?
Dan Kennedy Marketing Methods
- We haven't sent out the physical letter yet as the person owning the list wanted to make modifications to the letter that we knew would work well but the List owner had a point - it didn't reflect her personality so her clients would know it didn't come from her.
Lesson learned for me. We're back to the drawing board with the list owner more involved in the development of the letter and emails.
I should have known better being a Business Analyst in my day job that you never leave the end-user out.
So Evan we haven't had the opportunity to test any of it yet but it's been a fun process for me to stand back and look at.
Re: Is brainstorm exchange a fair exchange?
- [quote="BuzzAroundBooks":22xku9we]Hi Barbara,
This site looks very interesting, but is there any protection against intellectual property theft?
And do you know what kinds of rewards are offered for contributing your innovative ideas?[/quote:22xku9we]
HI, Kevin
Both good questions, which I had asked myself. Their FAQ doesn't really give any answers.
However, according to their website, everything posted there is given an intellectual copyright.
However, in the Terms of Use, it does say that the companies who use your ideas aren't obligated to pay you anything, they just [i:22xku9we]may [/i:22xku9we]pay you. On whether or not they feel like it, I guess!
And if you want to start your own "Brainstorm" - it costs $5.oo to set up.
I'll have to do a bit of research before I do anything further with this site, I think...
Micro Loans
- That's interesting Russell. The following is more information on Micro Loans and anyone within the USA who would like a list of Micro Loan Lenders (listed by State) I have that information! Just let me know and i'll get it out to you in my spare time.
The Microloan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. The average loan size is about $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
Terms, Interest Rates, and Fees:
The maximum term allowed for a microloan is six years. However, loan terms vary according to the size of the loan, the planned use of funds, the requirements of the intermediary lender, and the needs of the small business borrower. The maximum loan amount is $35,000, however, the average loan amount is around $13,000. Interest rates vary, depending upon the intermediary lender and costs to the intermediary from the U.S. Treasury. Generally these rates will be between 8 eight percent and thirteen percent.
Collateral
Each intermediary lender has its own lending and credit requirements. However, business owners contemplating application for a microloan should be aware that intermediaries will generally require some type of collateral, and the personal guarantee of the business owner.
Technical Assistance
Each intermediary is required to provide business based training and technical assistance to its microborrowers. Individuals and small businesses applying for microloan financing may be required to fulfill training and/or planning requirements before a loan application is considered.
How to Apply:
Small businesses that are interested in applying for a microloan should contact a microlender in their area.
Different Types of Funding
- Finance for business can be obtained through a number of different sources.
Let's review some of those channels to help you decide what's right for your business needs:
Grants
There are over 930 different EU and UK grants and loans available from over 100 issuing bodies. This is the cheapest form of finance and an important part of the funding package that companies and individuals need. We can help you find your way through this maze.
Technology
Micro Projects: 50% of eligible costs up to £20,000
Research project: For a technical and feasibility study of an innovative idea for new technology 60% of costs up to a grant of £75,000.
Development project: For development up to pre production 35% of costs up to a grant of £200,000
Developing an innovative idea: valuable for small companies and individuals at the start of a technical project: 75% of costs of hiring a mentor and consultants.
Export
To start exporting or moving into new markets grants of 50% of costs up to £20,000 each.
Training and Education
Knowledge Transfer Partnerships, Achieving Best Practice in Your Business, Investors in People
Modern Apprenticeships
New Deal for various grants.
Environment
BOC Foundation for the Environment: 25% to 50% of Project cost, typically £20,000 to £100,000
Clean up Fund: Emission reducing equipment up to 75% of cost
Community Chest Fund: Up to £25,000 for projects near active SITA sites
High Impact Fund: £150,000+ for larger projects near SITA sites
Assisted Areas
Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK.
Loans
Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds.
Credit cards
Provides up to 56 days free credit if you play the game!
Overdraft
Banks are surprisingly supportive when presented with a well thought through plan and competent management.
Bank Loans
Lenders tend to look for a good business plan and security. Typically the loan is approved by a centralised back office function rather than the person you meet. Terms and rates depend upon the risk. Repayments can be very flexible to meet your specific needs.
Mortgages
These can include flexible repayment terms to meet your business needs. This can even be incorporated into your overdraft finance so that you have one flexible account for both personal/ business mortgages and overdraft
Small Firms Loan Guarantee Scheme
Up to two years trading: Up to £100,000
Over two years trading: Up to £250,000
However these are difficult to obtain and are a loan of last resort.
Export Guarantee Scheme
This is government backed insurance against appropriate export documentation.
Mezzanine
This is a halfway house between loan and equity. It can be an innovative way of raising funds for the more established business. Mostly for expansion capital.
Equity
This is not as easy as the papers would have you know. Only 1% of business plans received by Venture Capital Funds are successful. However, a good business proposition consisting of a strong demand for the product or service, management track record and a sound financial plan will enhance the chance of success.
Business Angels
These are high net worth individuals who are successful businessmen looking for investment opportunities. They can provide both time expertise and money. Typical investment size is £25,000 to £250,000 but can go as high as £2m for the right opportunity. Exit within 3-5 years.
Venture Capital
These are investment funds seeking high rates of return. However typically investments are over a million pounds. Some funds are targeted at lower amounts depending upon the sector and region. These funds are looking for exponential capital growth over 3-5 years.
Asset backed finance
This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business
Leasing
This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances.
Sale and leaseback of a property you own is another good source of funds.
Factoring
Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information.
Invoice discounting
Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required.
Trade Finance
This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value
Pension fund
It may be possible to use your pension funds for a loan back to the business
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