{"id":5100,"date":"2020-08-19T17:15:05","date_gmt":"2020-08-19T21:15:05","guid":{"rendered":"http:\/\/localhost\/osborne\/?p=5100"},"modified":"2021-12-22T19:53:17","modified_gmt":"2021-12-23T00:53:17","slug":"business-thoughts-while-building-the-family-pram","status":"publish","type":"post","link":"https:\/\/www.osborne-group.com\/fr\/business-thoughts-while-building-the-family-pram\/","title":{"rendered":"Business thoughts while building the family \u201cPram\u201d"},"content":{"rendered":"<p>I took advantage of the pandemic-forced business disruption (we temporarily shut down our operations) and completed a project languishing in my garage for the last year. The family sailing pram \u2013 which needed a solid 45 days of my attention before we could launch \u2013 needed to be finished up and moved to the water!<\/p>\n<p>So one would think business strategy reflection while cutting and epoxy-finishing wood for boats would be a mistake and they are right. I quickly realized that an uncluttered mind was needed to ensure my table saw cuts were accurate and without risk. I put the tools away for a couple of days and sat down and wrote my ideas about what I thought would be needed for my clients post COVID-19. That done I went back to the garage with a clear mind and renewed initiative to get the boat done. Exactly 40 days after I did this I put the last coat of varnish on her and opened my day timer to review my earlier notes while enjoying a well-deserved thirst quencher.<\/p>\n<p>At first blush, my April notes were not all clear and lacked some perspective. Here is what I discovered:<\/p>\n<ul>\n<li>I initially suggested a need to rebalance our reliance on international supply chains but didn\u2019t really go far enough to describe the type of supplier diversity to reduce risk<\/li>\n<li>I didn\u2019t put any thought into the People strategies (much, I\u2019m sure, to my colleagues&#8217; chagrin) \u2013 location, working environment, tools and skill rebalance \u2013 all needed now<\/li>\n<li>I have now added a strategic rethinking note on 3rd party merger opportunities to spread risk<\/li>\n<li>I did have a point written to update the commercial customer profiles<\/li>\n<li>A note on product commercialization \u2013 new product introduction was there but no specific timeline<\/li>\n<li>Finally, while enjoying a long financial cost runway, I am thinking I underestimated the timeline to get back to sustainable revenue. Maybe I need to extend the period for next time. And yes there will be more disruptions so I need to plan for it.<\/li>\n<\/ul>\n<p>So, boat done and garage finally clear, I have to get back to work and make sure the above points are addressed soon.<\/p>","protected":false},"excerpt":{"rendered":"<p>I took advantage of the pandemic-forced business disruption (we temporarily shut down our operations) and completed a project languishing in my garage for the last year. The family sailing pram \u2013 which needed a solid 45 days of my attention before we could launch \u2013 needed to be finished up and moved to the water! [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":5101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-5100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-osborne-insights-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business thoughts while building the family \u201cPram\u201d - The Osborne Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.osborne-group.com\/fr\/business-thoughts-while-building-the-family-pram\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business thoughts while building the family \u201cPram\u201d - The Osborne Group\" \/>\n<meta property=\"og:description\" content=\"I took advantage of the pandemic-forced business disruption (we temporarily shut down our operations) and completed a project languishing in my garage for the last year. 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