Tuesday, 3 March 2015

First stage of Jenn's startup analysis

Hey guys,

The company I’m analysing is a consultant, my friend Blair, who provides copywriting, brand strategy and photography services to wellness professionals (coaches, motivational speakers, yoga teachers, etc). In my first talk with her, thinking about the analysis within theoretical frameworks, I came up with a few points and also questions for you.

- When she first launched the business she was mainly offering health coaching (think: consulting around nutrition and wellness) with some copywriting services on the side. Now due to demand, the services have swapped – with the core of her business focusing on copywriting and branding services with some health coaching on the side.  I see a few possible theories to critique here – is this leveraging a surprise? (lemonade principle) or imagining possibilities stemming from her means (bird in hand)?

- Since the business is still relatively new and funds aren’t always consistent, she actively seeks out new partnerships, relying heavily on referrals and bartering systems. I see this as a prime example of the patchwork quilt principle. She is currently bartering services with her web designer and plans to actively pursue more of these relationships in the future.


- In terms of affordable loss, I haven’t quite worked that one yet. She told me doesn’t turn down any projects at the moment (which I’m not sure is a good thing) and has a back up plan in case things were to fall apart next month. Any ideas on how to look into this idea further?

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