Dave WordenTriumph Business Solutions · Founder

You are a Manufacturer...yes YOU!

31 Jan 2017 · 1 min

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1:22

In this short motivational talk, Mike Michalowicz asserts that every business functions as a manufacturer, regardless of industry. He defines manufacturing broadly as the creation of a tangible product or an intangible outcome—such as confidence, protection, or fun—for the customer. By framing all enterprises this way, he argues that business owners should first identify the specific emotional or functional deliverable they provide, then develop a prototype of that deliverable and reverse‑engineer the process to produce it as efficiently and consistently as possible. The more streamlined and reliable the delivery, the stronger the customer’s love for the brand. Michalowicz uses examples ranging from accountants (manufacturing confidence) to roller‑skating rinks (manufacturing fun) to illustrate the concept and urges immediate application of this mindset.

Chapters

Hi, it's Mike Michalowicz here and I want you to know that your business is a manufacturer. In fact, every business is a manufacturer. I'm going to be devoting a new book to this core concept, but you got to know this right now. What do you mean? You're a manufacturer because you're creating. At the end of the day, if you're a traditional manufacturer, a product or if you're a service oriented business, you're creating an emotion, a feeling for the client. If you're an accountant, you manufacture confidence in the numbers. If you're a lawyer, you manufacture protection for your clients. If you're in a, I don't know, you name the industry, a roller skating rink, you create fun for your clients. That's what you manufacture. And what manufacturers know is you must reverse engineer what you create. Every manufacturer makes a prototype and they take that prototype and they reverse engineer the steps to get there. To get there as efficiently as possible and as consistently as possible. That's what you got to do in your business. So what do you manufacture? Understand that first it's an emotion. If you're a non traditional manufacturer, once you understand that deliverable confidence or fun or protection or whatever it is, then reverse engineer the steps that get you there. The more efficient you can get there and the more consistent, consistently that you get there, the more clients will fall in love with your brand.