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Exiting & SellingIncreasing Value

Innovation = Increased Value

By October 2, 2024No Comments

Over the weekend I tested three mid-price-range LED projectors as we plan to take 30-40 to Antigua in February for their primary schools. They all worked (see below for how they connected) although one is out of the running because it can only be focused using the remote (and I can easily see the remote getting broken or lost in a classroom).

What a step forward from the big, clunky, halogen bulb projectors that were impossible to connect, ran super-hot, burned out their bulbs in short order, etc. The new ones are about 8”x6”x2” and work great. Funny, they’re so similar I wonder if they’re made in the same factory and have different nameplates slapped on.

Someone innovated, created something better, and built a business around it. When it’s done by creating new products or new services it increases value, which is what business buyers of all types want to see.

The innovation can be done internally not just customer facing. Outsourcing logistics and storage, HR tasks, or upper-level financial work can increase efficiency when the people previously doing these things do more productive tasks, like work with customers, product design, marketing, etc.

Constantly look at how things can be done different and better.

“Stronger than all armies is an idea whose time has come.” Victor Hugo 

“We were told that our campaign wasn’t sufficiently slick. We regard that as a compliment.” Margaret Thatcher

All three projectors instantly connected to a MacBook Pro. Not quite so easy with a Windows machine. We had to remove and plug back in the HDMI cable, and fiddle with controls.