Find Out About Plastics Blog presents "Plastics Industry: Business Development à la 0 to 1 & more" [Infographic] https://findoutaboutplastics.blogspot.com

1. BUSINESS DEVELOPMENT
À LA 0 TO 1 & MORE
WHY FROM 0 TO 1?
P. Thiel states: Copy an existing business model
and doing what is known takes the world from
1 to n
Creating something new takes the world from
0 to 1
If you don't create new things, business will fail &
your margins will be competed away!
h t t p s : / / f i n d o u t a b o u t p l a s t i c s . b l o g s p o t . c o m
4 Characteristics of a Monopoly:
1) Proprietary Technology & 10x Rule:
"10 times better than the closest substitute"
2) Network Effects
3) Economy of Scale
4) Branding
1. The Engineering Question
Can you create breakthrough technologies?
TRY TO CREATE MONOPOLYS
7 QUESTIONS EVERY
BUSINESS NEEDS TO ANSWER
PUT YOURSELF OUT OF
BUSINESS?
TAKE-AWAYS
Plastics Industry
1
2
3
4
5
“Wake up and try to put yourself out of
business.” - Gary Vaynerchuk
Why?
If you don't, someone else will!
1. Radical Innovation vs. Incremental Innovation
2. Winner takes it all! - build MONOPOLYS
3. Keep the 10x rule in mind!
4. 7 Questions for evaluating your business ideas
- min. 5 out of 7 fullfilled for success!
5. Try to put yourself out of business!
2. The Timing Question
Is now the right time to start your business?
3. The Monopoly Question
Are you starting with a big share of a small market?
4. The People Question
Do you have the right team?
5. The Distribution Question
Do you have a way to deliver your product?
6. The Durability Question
Will your market position be defensible 10 - 20 years into the future?
7. The Secret Question
Have you identified a unique opportunity that
others don't see?
PETERTHIEL:ZEROTOONE,NotesonStartUpsorHowtobuildthe
GaryVaynerchuk
... and your plastics business is set to grow