• About Us
  • Write for Us
  • Paid Content Solutions
  • Contact Us
  • Login
ExpertHub
  • HOME
  • LAUNCH
  • BUSINESS
  • LEADERSHIP
  • MONEY
  • SUCCESS
  • NEWS
    • All
    • Company Posts
    • ExpertHub Today
    Transunion Global Capability Centres Boom

    Global Capability Centres Boom As They Move Up The Value Chain

    Global Tech companies

    Global Tech Companies Are Turning To South Africa For Media And Marketing Expertise

    Innovation Summit

    Innovation Summit 2021 Showcases SA’s Top Tech Entrepreneurs

    Three customer experience strategies you’re missing-23Sep21

    Three Customer Experience Strategies You’re Missing

    Embracing digital 1st world, SMBs confid. to thrive-23Sep21

    Embracing A Digital-First World, SMBs Can Have The Confidence To Thrive

    SAB Foundation Calling All Entrepreneurs Tholoana Entps. Prog.

    Applications for SAB Foundation Are Now Open

    Trending Tags

    • About Us
      • Write for Us
      • Paid Content Services
      • Contact Us
    No Result
    View All Result
    • HOME
    • LAUNCH
    • BUSINESS
    • LEADERSHIP
    • MONEY
    • SUCCESS
    • NEWS
      • All
      • Company Posts
      • ExpertHub Today
      Transunion Global Capability Centres Boom

      Global Capability Centres Boom As They Move Up The Value Chain

      Global Tech companies

      Global Tech Companies Are Turning To South Africa For Media And Marketing Expertise

      Innovation Summit

      Innovation Summit 2021 Showcases SA’s Top Tech Entrepreneurs

      Three customer experience strategies you’re missing-23Sep21

      Three Customer Experience Strategies You’re Missing

      Embracing digital 1st world, SMBs confid. to thrive-23Sep21

      Embracing A Digital-First World, SMBs Can Have The Confidence To Thrive

      SAB Foundation Calling All Entrepreneurs Tholoana Entps. Prog.

      Applications for SAB Foundation Are Now Open

      Trending Tags

      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us
      No Result
      View All Result
      ExpertHub
      No Result
      View All Result
      Home LAUNCH Starting a Business

      Keeping It Simple

      Allon Raiz by Allon Raiz
      Nov 26, 2015
      in Starting a Business
      87
      albert-einstein
      Share on FacebookShare on TwitterShare on LinkedIn

      RelatedTopics

      Simple First Steps To Starting Your Business

      Five Questions Every Aspiring Entrepreneur And Seasoned Executive Should Ask:

      Why Is Having A Business Phone Number So Important?

      After a few tough months, I was recently offered an unexpected and extremely exciting business opportunity.

      I arrived at a restaurant for my monthly catch-up session with my mentor and sat fidgeting while waiting for him to arrive; I couldn’t wait to tell him about the big deal that had come my way.

      At this stage of my journey as an entrepreneur, I know the importance of getting different perspectives, so I was curious to hear what he would say about this new business opportunity.

      After we’d ordered our meals, I started telling him enthusiastically about my new business opportunity. He listened carefully, not showing any emotion. When I’d finished, he said: “The explanation you’ve just given me is too complex. You’re not articulating what you want to do simply enough.”

      How could he say my explanation was too complex? It was straightforward to me. I repeated my explanation of the opportunity and watched his reaction. He shook his head, and said: “It’s still not simple enough.”

      I was now struggling to hide my frustration.

      Ask a six-year-old

      My mentor looked around the restaurant. His eyes settled on the table next to us, where a mother and her six-year-old daughter were busy enjoying a tiramisu desert that had just arrived.

      He leaned over to the mother, and asked her politely: “Excuse me ma’am, would you mind if we troubled you? I’d like my friend to briefly explain something to your daughter.” After a somewhat awkward pause, the mother gave in to his request.

      He turned to me and said: “I want you to explain to this young girl what your new business opportunity is.”

      I wasn’t sure why I needed to explain it to a six-year-old, but decided to humour him. I briefly told her about my new business opportunity.

      My mentor then asked her to relay my story, and when she did, she provided a completely inaccurate interpretation of what I had just told her.

      After listening to her response, my mentor asked me to once again tell the young girl about my new business opportunity, but this time in simpler terms, making sure I explained clearly what I’ll be doing and why I’ll be doing it.

      It took three attempts at telling her my story for the young girl to finally understand my new business opportunity.

      We thanked her and her mom for accommodating our request, and let them get back to their dessert.

      A rule of thumb

      Very often, in our heads we complicate what we do by using big, trendy terms like ‘best practice’, ‘best of breed’ and ‘most innovative’ to explain what our business or product is all about.

      A good rule of thumb is: If you can’t articulate what you do so that a six-year-old would be able to understand it, you simply aren’t conveying your ideas clearly and simply enough.

      Ensure that you start off by providing the context of your business or product in simple terms.

      Once you see that the audience understands your message, move to a higher level of explanation. By simplifying your idea, you create a far better understanding of what you do, and why you do it.

      This thought experiment will prove invaluable when you’re meeting new people at networking events or pitching to potential clients.

      Allon Raiz

      Allon Raiz

      Allon Raiz is the CEO of Raizcorp, the only privately-owned small business ‘prosperator’ in South Africa and the only South African Enterprise Development faculty accredited as a Centre of Excellence by the UK-Government approved Small Firms Enterprise Development Initiative (SFEDI). In 2008, Raiz was selected as a Young Global Leader by the World Economic Forum, and in 2011 he was appointed for the first time as a member of the Global Agenda Council on Fostering Entrepreneurship. Following a series of entrepreneurship master classes delivered at Oxford University in April 2014, Raiz has been recognised as the Entrepreneur-in-Residence at the University of Oxford’s Saïd Business School. Follow Allon on Twitter.

      LATEST

      how to make money by writing on Fiverr

      How to Make Money by Writing on Fiverr

      by admin

      Are you ready to unlock your writing potential and turn your creativity into cash? Learn how to make money by...

      How to Start your own hair salon business

      Step-by-Step Guide: How to Start Your Own Hair Salon Business

      by ExpertHub Staff

      Are you ready to turn your passion for hair into a thriving business? Follow our step-by-step guide to start your...

      joining laptop lifestyle

      Unlock Your Freedom by Joining Laptop Lifestyle

      by ExpertHub Staff

      Are you ready to unlock your freedom and join the laptop lifestyle? It's time to find work that ignites your...

      promote your business on linkedin

      Master the Art of Promoting Your Business on LinkedIn

      by ExpertHub Staff

      LinkedIn is a powerful platform for promoting your business and connecting with professionals in your industry. With over 690 million...

      • HOME
      • LAUNCH
      • BUSINESS
      • LEADERSHIP
      • MONEY
      • SUCCESS
      • NEWS
      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us
      • About Us
      • Write for Us
      • Paid Content Services
      • Contact Us
      • Terms & Conditions
      • Data Privacy Policy
      • Privacy Policy
      • Sitemap

      Copyright © 2022 ExpertHub.info
      Revenue Growth Experts

      No Result
      View All Result
      • HOME
      • LAUNCH
      • BUSINESS
      • LEADERSHIP
      • MONEY
      • SUCCESS
      • NEWS
      • About Us
        • Write for Us
        • Paid Content Services
        • Contact Us

      Copyright © 2022 ExpertHub.info
      Revenue Growth Experts

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In