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Learning from Voom
Voom was thought to be the company that would be able to compete with DirecTV and Echostar in satellite service. However, after a $650 million loss it became clear that the company needed more than technology. By looking inside the Voom Company, you can learn from their business mistakes to avoid the same problems in your own business.
You Need More Than a Good Product
The Voom channels definitely had something to offer to their customers. Never before was such a wide selection of HD channels available for television viewers. However, it takes more than just a good product to make a profit. Market research needs to be done to see if anyone will buy the product. The money you put into research will definitely pay off to find out whether or not you can sell your product or not. You need to find out if you can make a valuable return on your investment or not. In the Voom case, their investment obviously did not provide the company with a profit.
Do Not do Business with Your Family
The Voom battle became a family feud. Charles Dolan, founder of Cablevision, felt that Voom was worth saving while his son the CEO, Jimmy Dolan, wanted to pull the plug. Eventually, Charles Dolan tried to buy Voom with the help of his other son. This caused major conflicts within the Dolan Family. You should avoid mixing family and business. This may seem like a harsh rule but it is something that can save a lot of heartache in the long run.
Know Your Competitors and Your Industry
One of the problems with Voom is that they did not expect the technological advances that their competitors had after they launched Voom. Know your competitors and know what type of industry you are in. Be aware of the outside forces that can affect your business. Is your industry known to change rapidly? Voom did not take into account what their competitors had up their sleeve and this became very detrimental to the business.
The Pain of Sunk Costs
It is hard to walk away from a large investment that does not give any returns. One must remember that a sunk cost is exactly what it sounds like; it is sunk, gone, vanished, kiss it goodbye. So many times businesses fall into the mistake of trying to save fallen projects because they have already put so much time and money into it. This was definitely the case with Voom. With the lost of $650 million Charles Dolan was bound to want to save part of the investment. This is an important lesson to learn in business. You must say goodbye to sunk costs.
Charles Dolan dreamed about creating a satellite company that could compete with DirecTV and Dish Network. However, almost no one was supporting to Charles Dolan in his cause at the end seeing that Voom was bound to fail. However, Charles Dolan would not listen to the other board of directors and continued in his efforts to save the dying business. It is important to sometimes swallow your pride and listen to the arguments of those around you to see if they possibly have some validity. Be open to what others are saying because they just might be right.
While it seemed that Voom had the capabilities to change the way viewers watch TV and to be very profitable, instead it failed shortly after its creation. This is because of a few business principles that were neglected. When working with your own new business, make sure that your business plan makes sense and that you pay particular attention to your team, the external factors that could affect your business, and know how to walk away when your great idea turns out to be a flop. If you are willing to do these things, you will avoid running into the same problems that Voom did.
A Brief on United States Satellite TV Deals
Want to know more about United States satellite TV business despite getting those 'free' satellite TV deals?
Here is some information about satellite TV.
LCD vs. DLP TVs
Two new technologies in the world of TV, DLP and LCD, are now in a tight competition. Not long ago, everyone was talking about Plasma and LCD - which one would win? It became clear to most that Plasma, with its short lifespan of just 3-4 years, was simply not the best choice. In fact, the LCD screen has several benefits over plasma. For instance, LCD screens run much cooler than the average plasma TV, and thus require less power to operate. Plasma TVs run so hot, in fact, that they require a fan to cool them down ? which can be noisy. In addition, plasma screens have a tendency to degrade over time, slowly becoming dimmer. LCD screens, on the other hand, run relatively cool, and do not degrade over time. Some Plasma owners, who have used their TVs for a few years now, have already witnessed the dimming of their screens. Also, LCD screens tend to have overall better picture quality, and are typically 10 to 15 percent lighter than plasma.
Selecting a Satellite TV Network from the Audiences Perspective
The numbers of those who just connect their TV to a simple roof top antenna can probably be counted on the fingers of one hand. I assume you are not one of those minimalists who need 30 minutes of news programming to get by in a day. Most likely, you are one of those millions who want 200+ channels in their home and are wondering which of the biggies to choose.
Buying Satellite TV From Online Sources
Find Out What the Real Deal is Regarding Satellite TV
HDTV: An Introduction
HDTV stands for High Definition Television, and if you live in the USA, Australia, or Japan you may already have experienced it. There are three key differences between HDTV and what's become known as standard definition TV ie regular NTSC, PAL or SECAM. The three differences are; an increase in picture resolution, 16:9 widescreen as standard, and the ability to support multi-channel audio such as Dolby Digital.
Looking For Satellite TV?
It was 1994 and I had moved into another home and learned that the cable TV line had not been installed to my house. When the cable company told me they would have to dig up my yard to put the line in I wasn't pleased with the idea or the price they quoted me to do it.
Dish Network Vs. DirecTV - Race For Top Is On
If you have taken sane decision to replace your cable TV with the Satellite TV, one thing is sure that you won't look back in regret. In fact you would regret for depriving yourself of this modern technology for so long. No doubt, more and more people are adding to the Satellite fold and enjoying this new dimension of the entertainment.
Amazing Things You Might Not Know About Television
The world's first colour television transmission occurred in John Logie Bairds English studio back in 1928. This transmission showed some blue and red scarves and a UK policeman's headgear. Also viewed was a mixed bunch of flowers, a gent poking his tongue out and the glowing end of a cigarette.
Satellite TV Comparison Shopping Made Easy!
DirecTV vs. Dish Network and Satellite TV vs. Cable TV
In the know: Dish Network DVR
What's a DVR system and what else can it brings for us?
Troubleshooting your Cable Box
Unless you've recently moved from Alaska to Texas and you're feeling a little homesick, chances are that the last thing you want to see when you turn on your TV is snow. Combine a snowy screen with that loud, obnoxious static sound, and you've got a problem on your hands. Fortunately you don't have to be techie to fix your cable box ? just follow these simple troubleshooting steps to get picture back in no time.
DirecTV vs. Dish Network -- Which Is Better?
The satellite TV systems and services offered by DirecTV and Dish Network are almost identical -- both offer more than 250 program channels, all-digital programming, HDTV (high definition TV) options, and DVR (digital video recording) capabilities.
Direct TV Deals a Blow to Unhappiness in Marriage
You might be surprised to learn that television is one of the main causes of domestic disputes in America. Either the husband is so ensnared by a NFL game that causes the wife to harass him about work around the house, or the wife is so enamored with George Clooney that she wrestles with the husband for the remote control. These are a small sample of the instances when television causes trouble for the marriage, and when fact is actually stranger than fiction.
How to Shop for Satellite TV Receivers and Dishes
It's undeniable - shopping for a new satellite tv system can be tough. Take a look, for example-if you dare-at Rapid Satellite, a one-stop Internet shopping point for satellite TV. A recent search turned up the following entries:
No More Searching for the Best Satellite Products
You need the best satellite products for your home and business needs, and luckily for you, the market is teaming with the latest and greatest satellite products.
Church Projector and Church Projector Systems
Purchasing a church projector for your Sunday morning services will dramatically change how your service is received by the congregation. Church projector systems provide the flexibility you may need to make things possible in your worship service that was not possible before. When considering a church projector for purchase make sure you are getting the best deal of the needs you have.
Analog TV Digital Transmission
Remember the old days of analog TV, radio, etc. Most of us do unless you're really young. And still today there are plenty of analog systems in use. Normal radio still uses analog transmission. But the digital age has begun and more and more we will use digital systems rather than analog systems. Digital transmission systems have many advantages over analog transmission systems, like higher quality of audio and video. How come digital systems can transmit higher quality signals than analog systems? The truth is that they don't. They just use some tricks to eliminate noise.
Satellite TV Deals FAQ
Satellite TV 'What'?
The Path of United States HDTV World
The history of High definition television, HDTV in United States can be recalled back to 15 years ago.
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