On most occasions, when I interact with entrepreneurs and we discuss challenges at hand, the solution they often suggest involves throwing more people at a problem. Are your customers complaining more? Hire more people in the customer support team. Are your accounts not in order? Request a better CA look at the mess. Not making enough sales? Consider hiring more people or modifying incentive structures.
But the thing is, if we view these problems as mere symptoms that point to something critical not in place—our approach will change. In my experience, this missing piece is often an asset that can remove bottlenecks, expedite processes, or bring predictability to the operations.
Getting more people makes sense when you are capitalising on their work, not for a clean-up job, which is clearly an expense. People can only be as good as the systems and tools they use in your business. However, if things are in place, i.e., your business assets are in place, the business will scale in proportion to the number of people working those assets.
So now the key question is: What steps can you take to build those assets? Until the previous article, we discussed various assets, their importance, how they work and help you. But if you were to develop each of them from the ground up— how could you do that? What’s the process? Let’s talk about that...
Prioritise concepts or ideas
As always, all such things start with an idea or a concept. Ideas are fun and exciting, but anyone will tell you that they are worthless.
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TRULY INNOVATIVE ELECTRONICS -INNOVATION UPDATES
Amongst numerous press releases of new products received by us, these are the ones we found worthy of the title Truly Innovative Electronics
Elastomer enhancing smart wearable performance
A high-tech, flexible wearable device made from the innovative elastomer material
Nanotechnology based noninvasive cancer diagnostics
Nanoflake sensors built from indium oxide with platinum and nickel detect changes in isoprene
Space communication with silent amplifiers
In the new communication system from researchers at Chalmers University of Technology, in Sweden, a weak optical signal (red) from the spacecraft's transmitter can be amplified noisefree when it encounters two so-called pump waves (blue and green) of different frequencies in a receiver on Earth.
Advancements in TOPCon solar cells
The structure and performance of tandem devices with highly passivated TOPCon bottom cells
Quantum leap in magnetism refines superconductors
Rice University physicists have uncovered key magnetic and electronic properties in kagome magnets, structures resembling basket-weaving patterns.
Sensor targets food antioxidants
A research team from Hunan City University and Xiangtan University in China has developed a sensor for detecting TBHQ, a food antioxidant used in oils and fats, addressing health concerns at high concentrations.
Data sensing with repurposed RFID tags
UC San Diego researchers have advanced passive data collection with a breakthrough in battery-free sensing.
Seal-inspired sensors to safeguard offshore wind farms
Schematic structure of the seal whisker-inspired flow sensors
Artificial nose identifies scents accurately
Artificial nose identifies scents accurately