Where’s my discussion of the secret sauce? Chelle Parmele from the BIG (business in general) blog asked me that a couple days ago, expecting it to be in this book. I was embarrassed. I talk about the secret sauce a lot, in my seminars and in my class, at the office. It’s definitively another view of the same reality I’m calling the heart of the plan. So that’s one thing to add for the next edition.
The secret sauce is the magic, also called (boring) differentiators, and sometimes competitive edge; Guy Kawasaki calls it “underlying magic” and recommends that it be one of the 10 (or so) slides is a pitch presentation. You can google it and see how people are writing about it, using it to define what’s new or different about some businesses. (You’ll also see some items on McDonalds’ secret sauce for the big mac, and some cooking stuff, but you’ll see what I mean).
This idea of the secret sauce is a good way to explain how you’re different from your competitors. What sets you apart?
Examples? Apple Computer’s secret sauce is design, for example. Michelin tires’ branding tries (in my opinion) to emulate Volve, the safety angle. My favorite restaurant in Eugene, Poppi’s Anatolia, has an extremely spicy version of vindaloo chicken. Whole Foods’ secret sauce is its having established the brand for healthy and organic foods. In cars, just look at the mini-cooper or the Honda Element or the Toyota Prius and you see secret sauce immediately.
This is a flash video, set for 800×600 dimensions, which will require that you install Flash on your system if you don’t already have it. just click this link … Planning as you go with Business Plan Pro … it should open up a new window with a media player showing, and an obvious arrow to click.
The source file was set up at 800 x 600 resolution, so you might want to resize the window to show the resolution at its best. If the window you use to watch this is too big, then it looks fuzzy.
And here, below, is a flash player version of the same thing (I hope) …
If this doesn’t work for you, it might be a matter of Internet band width or compatibility with flash. I’d like to know, so leave me a comment and I’ll get back to you.
A tip of the hat to the team at Entrepreneur Press, because the book was barely finished in May and it’s already available now — July 25 as I write this, but it’s been a couple of weeks. You can order it now at amazon.com, it should be on the shelves at Barnes & Noble stores and is available online at the Barnes & Noble website; and you can order it online at Borders. From what I’ve been told about orders, you’re likely to find it at the Barnes and Noble stores, but not so much at Borders stores — although it’s available online at all three places.