Table of contents
Use these examples to generate or strengthen Profitable and Valuable Ideas
Profitable and Valuable Ideas save time, reduce costs, or generate revenue. Choose a strong action verb to capture the heart of the problem of an Idea and make its business value stand out.
Eliminate: Stop doing tasks that aren't needed.
Redesign: Rethink and improve a process to boost efficiency.
Shift: Move tasks to less expensive resources.
Train: Help workers up-skill for greater efficiency and impact.
Automate: Offload tasks that are manual and repetitive.
Relocate: Move tasks to labor markets that are better/cheaper/faster.
Outsource: Move tasks to more efficient providers.
Consolidate: Bundle purchases with fewer vendors for a bulk discount.
Negotiate: Find better prices and terms with the same vendor.
Substitute: Find alternatives that are better/cheaper/faster.
Insource: Create competitive advantage by doing it better ourselves.
Rightsize: Upscale or downscale contracts to better fit the need.
Reuse: Recycle, repurpose, or sell materials that were previously thrown away.
Regulate: Increase or decrease controls to allow more efficient spending.
Collect: Call for fees, payments, or debts, sooner.
Discontinue: Stop waivers and discounts.
Incentivize: Reward profitable behavior.
Unbundle: Split out products and services.
Monetize: Start charging for what was free.
Align: Increase prices to match value.
Up-sell: Sell more products or services to existing customers.
Market: Increase or improve marketing.
Sell: Add reps or improve tools.
Discount: Grow volume by decreasing cost.
Improve: Increase quality of services and features.
Penetrate: Enter adjacent markets.