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How do small ideas become big?
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Overview Transcript Case Study Video
Here is a basic analogy for growth

Key Idea #1: For decades, Dr. Warren was a one-person company. There are as many as 16-million, one-person companies in the USA and they deliver a wide ranges of products and services to customers.

Dr. Warren offered counseling services and you can right now think of the one-person companies you turn to which might include the piano tuner, the architect, the hairdresser, the engineer, the Internet systems consultant, the mortgage broker, the lawyer, the CPA, the yard guy and the list goes on and on.

At the time of this writing, Dr. Warren had 3 million paying customers because he turned his small idea into a big one.

Topic for Discussion: What is the difference between a business that stays small and one that grows?

Answer: The biggest difference is the market potential. After Dr. Warren spent years being frustrated because he couldn't help the married couples fix their marriages, he started thinking what he could do. Rather than staying with the small, ineffective idea of working with couples who should never have gotten married in the first place, he figured he could really help people if he could teach them how to find the right person to marry.

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Key Ideas of this episode Small Business School
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1. Turn A Small Idea Into A Big One
2. Fix Something That Is Broken
3. Charge More and Demand More...
4. Attract The Biggest Brains
5. Accommodate The Hard-To-Win...
6. Be Bold
7. Keep Your Promises
8. Find The Right Advertising Venue Idea
9. Invest In Continuous Improvement Small Business School
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At first, it seems like a subtle shift; he's still in the marriage business. He had a hunch that marriages fail mostly because of selection so he started the rigorous process of doing his own scientific study. He said he did "autopsies" on 512 marriages. From that he concluded there was a job for him to do, but at that time he didn't know the size of the job!

To use this idea for yourself, think "supply chain." Dr. Warren was making a good living trying to help married couples but when he started thinking about the marriage supply chain, or the road to the alter, he got the insight to change his service offer.

You think about it: What product or service could you offer that you're not now offering? Draw a diagram of the supply chain that your business finds itself in now. Who are your customers? What do they buy from you? What related products do they buy? Is there a gap you can fill?

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