I’m a huge fan of authors who write about behavioral economics and human behavior. My shelves are full of books by Geoff Colvin, Dan Ariely, Daniel Kahneman, Chip and Dan Heath, Barry Schwartz, Stephen J. Dubner and Steven Levitt, and Malcolm Gladwell. The latest book I read by Gladwell was “The Bomber Mafia,” Gladwell’s effort […]
The ability to adapt may prove to be the most valuable superpower businesses can possess in today’s world. Business as usual has been disrupted repeatedly by natural disasters, climate change, geopolitical conflict, war, a pandemic, supply change issues, and the great resignation … and that’s just in the last 24 months. If you think those […]
Okay, what now? I’ve said before that the motto for this decade should be, “Oh no, what now?” Maybe it’s confirmation bias, or maybe it really does seem that industry is plagued by one challenge after another. From COVID shutdowns, to supply chain issues caused by COVID, to natural disasters, and supply chain issues caused […]
As technology salespeople, it is very tempting to have early conversations around technology itself. I’ve attended job walks or integrator interviews where the representative of a technology company quickly turns a discussion about a room into questions about how many inputs and outputs the company needs on their switcher or what brand of control system […]
Whether working with, consulting for, or even just talking to managers and principals of small AV companies — while they can have unique features about them — broadly speaking they’re more similar than they are different. One of the most common similarities is that the principal or general manager of an AV company needs to […]
If you’ve been reading my blogs lately, you already know I’m a huge proponent of escalating the rate of evolution in our industry in order to best meet the needs of our customers and continue to be relevant. I’ve been promoting developing better business acumen and having earlier conversations with our customers on a deeper […]
It’s important to be resilient. In this context, that means being prepared for the worst. Everyone knows Murphy’s Law: “Anything that can go wrong, will go wrong.” And there are others like, “The first casualty of every battle is the plan,” or “Every solution has two problems,” and of course, “You don’t need to go […]
It’s a truism that the first casualty of every battle is the plan. One of the realities of building things is that sometimes the plan gets changed. While ideally every eventuality gets considered and decided upon during the design and planning stages, we don’t live in an ideal world we live in this one. Consequently, […]
Once again my rAVe blogsquad colleague Anthony Coppedge took out his 40-ounce framing hammer and hit the nail right on the head in his recent post about email noise in brand marketing for the house of worship market-space. Almost simultaneously with that post another group of articles appeared in several publications focused on dealing with […]
One of the topics I address regularly in meetings with my dealers is the pace of change, and that there are very few things you can count on to deliver top line and bottom line results long term. In these discussions I point out that the product categories I made a living on in the […]
One of the most prevalent themes in any AV/IT industry discussion is the continually increasing globalization of the sourcing for product development and most specifically software. No longer is the underlying code for the majority of AV products written by the brand on the front panel. In fact, more often than not, that software is […]
I spent part of the weekend with some friends who are in the early stages of a new startup. While we don’t always talk shop, it’s inevitable that someone will open up about their latest challenges. The conversation we had ended up being interesting enough that I wanted to cover the topic with my readers. […]
It’s not a particularly glamorous topic to write about, let alone read, but anyone whose work falls within the bounds of the construction industry needs to have a grasp of liens and holdbacks, since they affect all parties, including suppliers, subcontractors, general contractors and owners. The definition of a holdback is related to its context, […]
Collaboration is so far past being a buzzword that it’s almost become kitschy. Nearly every booth at this past summer’s InfoComm show figured out a way to entwine the word collaboration in their messaging somewhere. But collaboration is truly important. It’s at the core of how the workplace is changing to accommodate modern work styles. […]
NSCA has just released an updated Financial Analysis of the Industry report for 2018, providing information that systems integrators can use to benchmark and compare expenses, profits, sales and other data against industry peers of similar size and business focus. The Financial Analysis of the Industry details the industry’s performance based on data collected from […]
Unless your media consumption habit is restricted to non-ad supported content, you will probably find the following experiment somewhat intriguing, if not downright disturbing. The next time you want to kill an hour doing non-work (and don’t we all sometimes), turn on any commercial broadcast channel, preferably either in the afternoon or late night and […]
Owners, general managers and inventory managers of AV companies routinely need to consider the pros and cons of buying products either from the manufacturer or a distributor. In addition to those options, there are also buying groups: an organizing of dealers who negotiate terms with their suppliers collectively. The primary rationale for buying groups is […]
Previously, I began an exploration of the relationship between AV pros and subcontractors, and examined ways in which the relationship can work. Now it’s time to consider the converse: when it doesn’t. We all know that not everything pans out. Silicon Valley old-timer James Altucher famously said, “90 percent of everything doesn’t work out.” One […]
It’s not lost on veteran AV pros that even as they need to make the best use of their client’s budget, in order to do that they need to make the best use of their own. That means allocating your firm’s funds, resources and expertise in a way that maximizes everything from effectiveness to profitability. […]
If you haven’t already been following the conversation about selling AV software and services, I encourage you to catch up on my last couple blogs where I lay out the three main issues that I believe are stalling the transition from hardware-based businesses, as well as some specifics on business models that may play a […]
I have a tendency to subvert aphorisms and expressions to suit my own purposes. We all do it to some degree when we use the language of sports as either an metaphor or an analogy. At work we all know you’re not talking about hockey when you say you have to “take one for the […]
In the first installment, I flew over what sunk costs are and how they differ from the other kinds of costs you face in your business. To recap briefly, economists and business courses make the point that sunk costs should not be taken into account when making decisions about new expenditures. The money is spent, […]
Years ago, one of my old mentors said to me that “the key to success in business is knowing what to spend money on, and what not to.” Like a lot of the Zen koans he was fond of dropping, on the surface, that doesn’t seem very helpful. When you run a business it costs […]
Presumably you’ve had some quiet time over the holidays to reflect on the past year, and to look forward to the next. Since traditionally now is the time to think about resolutions for the coming year, perhaps you’re thinking about what you can do differently at work, whether it’s how to streamline processes to be […]
One of my favorite aphorisms (and I have plenty) is that you have to make the most of what you’ve got. Because, and while I know that it’s a tautology, all you have is all you’ve got. That’s the essence of what it means to have best practices in your business. Best practices are just […]
If you are a fan of comic book movies and you haven’t seen Thor Ragnarok yet… I really don’t know what’s wrong with you. In Norse mythology, Ragnarok, or the Doom of the Gods, represents the end of the mythical cycle and of the world as we know it. It’s an Armageddon of sorts. Funnily […]
Long before the 1987 movie “Wall Street” and the now-legendary quote from the fictional Gordon Gecko “Greed is good” became part of the American business worlds’ verbal infrastructure, success, wealth and growth in business were built on the startlingly simple notion that to create, run and succeed in a business, you actually had to know […]
There’s that aphorism that if you always do what you always did, you’ll always get what you always got. But that’s not really true in this business. In our business, if you always do what you always did, with each passing year you’ll get less than you did before. Looking at the overall landscape of my dealer […]
By Jean Pierre Overbeek CEO, BIS Group Monday morning. The alarm rings, a bit too early for my liking. I probably shouldn’t have watched the last two series on Netflix yesterday evening after the traditional Sunday evening football matches on TV… after the morning ritual of having a shower, getting dressed, having breakfast and coffee, […]
In recent editorials, I’ve been going over Porter’s Five Forces and putting them into context for businesses of the AV business. To review, here are the Five Forces: Threat of new entrants Threat of substitutes Bargaining power of customers Bargaining power of suppliers Industry rivalry For this installment, I want to discuss the threat of […]
Making generalities are useful when establishing guidelines. In general, if you work with enough business owners and managers, and review the performance of their teams, you’ll see commonalities and trends. And, speaking generally, comparable businesses in the same channel have more in common than they are different. One of the most common of those commonalities is […]
