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About Content in Context

Content in Context helps companies to define the market for their products and services, to identify customers and build the business pipeline, and to develop their content marketing strategies. By working with our clients to design, build and grow their business, our primary focus is to extract commercial value from unique assets, including knowledge, data, know-how, processes and transactional information.

When Less really is More

I’ve been doing some home renovations recently, which meant that my kitchen was out of action for several weeks, giving me an excuse to visit a number of local restaurants for the first time. This experience made me realise that as with most other things in life, when it comes to restaurant menus, less is definitely more – the fewer the items, and the simpler the design, the more likely I will enjoy the meal.

At the risk of drawing a very long bow, I see there is a lesson here for anyone involved in product development, content marketing, or service-based solutions: the more choice we lavish on our customers, the more likely we are to confuse or overwhelm them, and ultimately disappoint or even lose them as customers.

As consumers, we are increasingly accustomed to having multiple and seemingly endless choices. While this can make for healthy competition (as long as it can support and sustain market efficiencies), sometimes the fewer options we have the more invested we are in our decisions.

In the case of a restaurant menu, having fewer choices is actually a good thing – either because we are more likely to think carefully before ordering, or because we are being guided to choose between items that have been purposely selected and assembled (curated?) by the chef. Plus, if we make a wrong or poor decision, there may be less to choose from the next time!

So, I found I really appreciated menus that had only 2-3 entrees, no more than 4 main dishes, and a discrete dessert selection. (OK, so the wine list can know no bounds….) Also, if the maitre d’ or waiters have to spend too much time explaining the menu structure, then it tells me more often than not that the restaurant hasn’t got it right.

When you think about it, the notion of “less is more” makes complete sense in this context:

  • If a restaurant has too many items, then not all of them can be of equal quality – how can the kitchen specialise in such a wide variety of dishes?
  • The best ingredients are usually those in season, and preferably locally sourced – which should be a natural constraint on the menu selection
  • Faced with limited choices, there is actually less risk of “menu anxiety” – whereas, agonising over a long list of dishes, or spending time ploughing through an over-elaborate menu can actually diminish the appetite…

I would also be more willing to let the chef decide for me, because a more focused menu should mean that the restaurant is more able to play to its strengths – this concept of the chef as curator should sit at the heart of product portfolios, content selection strategies and customer service options, while still making the customer still feel they have made an informed choice or purchasing decision.

Over the years, I have had the privilege to dine out in major cities and tourist destinations around the world. Some of the most memorable dining experiences I have had usually come down to a specific dish served in a particular restaurant – local speciality, seasonal ingredient, signature recipe, etc. – to which I have often gone back for more because it created such a lasting impression first time around, and because I know my choice will never fail to disappoint. (Of course, there is also the Proustian echo of associating food with a significant time or place….but let’s not over complicate the theory.)

If only everything else could be as reassuringly simple and consistent as a well-designed menu and a well-prepared meal.

Are Start-Ups a young persons’ game?

Last week’s Lean StartUp Melbourne meeting was devoted to the AngelCube accelerator program. Given some of the high-profile start-ups that have come through this process, it was hardly surprising that nearly 400 people turned up to hear various AngelCube alumni share their personal experience (as well as to enjoy some free beer and pizza, courtesy of the evening’s sponsors: inspire9, BlueChilli, Kussowski Brothers and PwC).

First up, there were lightning talks by 3 successful program graduates: the team behind fantasy sports app developer C8 Apps, Ash Davies from self-publishing platform Tablo, and Phil Bosua, the technical genius at LIFX who designed the WiFi-controlled LED bulb. All of them vouched for the benefits of the AngelCube program, and offered key learnings – such as “fail hard, fail fast, fail forward”, and the value of having a disciplined weekly cycle of iterative product builds. Access to quality mentors was also a key factor.

Then Indi from OutTrippin joined the guys for a Q&A panel session, facilitated by AngelCube co-founder Nathan Sampimon.

Some of the accelerator program insights on the night were quite revealing –

  • it’s all about product-market fit
  • a solo founder will usually struggle on their own
  • be prepared to either pitch or pivot at the weekly program reviews
  • the $20,000 seed funding (for 10% of your business) doesn’t go far…
  • a B2B concept is less likely to be accepted to the program (due to longer sales cycles)
  • the model is founded on lean methodologies, frequent iteration and getting to an MVP
  • people with at least one start-up project behind them tend to do better
  • the AngelCube angels are investing in the team as much as the idea

But are start-ups really only for young(er) people? This question has been posed by Dan Mumby, from Melbourne’s StartUp Foundation, which offers a different sort of program aimed at would-be entrepreneurs who may have all the trappings of middle age: family, job, mortgage…. which means they have different personal and financial risks to consider.

On the other hand, as at least one AngelCube participant said, if you are serious about founding a start-up, “your first job is to quit your job”.

Another, broader challenge facing the local start-up community is a lack of serious investor interest. According to one panel member, “In Australia, getting funding is a joke unless you are literally digging for gold”. This may change with the launch of VentureCrowd an early-stage equity funding platform. (But it looks like it will be a struggle – at the time of writing, none of the 20 or so deals publicly showing up on VentureCrowd’s website have attracted any funding.)

An alternative funding model, based on the sweat equity principle, is a venture bank, like New Enterprise Services that essentially matches ideas with expertise through a risk-sharing process.

I always recall the advice I was given by one serial entrepreneur when I asked him whether start-ups are for everyone (regardless of age). He replied: “Unless you can afford to invest at least $20,000 in your idea, and support yourself for at least 6 months while you develop it, then maybe it’s not for you.”

Radio comes of age in the social media era

About a year ago, I posted a blog on “Steam Internet” which included some ideas about the importance of radio as a communications platform – even in the age of social media.

Among the individual responses I received, a former colleague recalled how he grew up with radio, and how it was a significant presence in his life as a source of news and entertainment – it kept him company while revising for exams, and allowed him to “share” songs with this friends (via personalised mixtapes). He commented that a pharmaceutical company in Indonesia uses radio as a mainstream outreach channel – because it is relatively cheap, it offers targeted demographics, and it provides access to a large-scale, mass market.

He went on: “Radio is probably still the most effective medium to reach out to large audiences – it is targeted, it is always ON, it is always entertaining, it has loyal followers, and it does not require the listener to have an expensive receiver. More importantly, radio traditionally reached a far larger percentage of the population than what the Internet does today, especially in large developing markets.”

Consumer interest in and demand for audio content is recognised by today’s media industry – hence the growth of podcasting, audio platforms like SoundCloud, streaming services such as Spotify and Pandora, and radio apps like TuneIn – not to mention the growth in Internet radio, digital stations and web-streaming broadcasts.

I tend to agree that radio, after more than 100 years, still offers “new” opportunities for reaching an audience, even Gen Y – but as with any content strategy, it pays to get the model right by:

1. Having great content (plus engaging presenters and skilled producers)
2. Enabling access (broadcasting via any platform, anywhere, any time)
3. Cultivating a strong programming culture (i.e., scheduling and curating a logical flow of information, and across multiple platforms)
4. Encouraging audience participation – radio thrives on giving people a voice, either through phone-in sections, community-made programming, or connecting via “traditional” media such as SMS and Twitter

Radio is also very local (despite global access/reach via apps like SoundCloud Radio) and is usually subject to broadcast regulation. I’ve been involved with a community radio station over the past 3 years, and it has made me aware that audience diversity can be a challenge for broadcasters (how to cater for smaller, minority audiences?), but at the same time many people feel unconnected to mainstream media, such that radio is actually their preferred platform to engage with the world.

Acknowledgment My thanks to Rudy J. Rahardjo for his input to this article.

CRM systems and the KISS Principle

I’ve recently been working on CRM implementation projects, and I am astounded at the level of complexity that some systems have managed to impose on the organisations that deploy them. Paradoxically, the complexity is usually the result of either data models that are far too rigid, or data entry standards that are far too flexible – so that users have to find “work arounds” or create a whole new business operating model to accommodate their CRM….

For example, changing some data labels can be impossible (e.g., “Client” may have different applications, but the system only recognizes one type), and I have seen a client name entered in multiple ways within the same database: J.P.Morgan, JPMorgan, J P Morgan, J. P. Morgan.

When working with such CRM platforms, I’m frequently reminded of the KISS Principle (Keep It Simple, Stupid) as being the preferred approach to systems design, or as the architect Heinrich Tessenow eloquently put it:

“The simplest form is not always the best, but the best is always simple.”