Shifting advantage & contrarian actions

Once upon a time savvy surfers would get down to the beach early. It was the way to get smooth, uncrowded waves. To step into the ocean at dawn and share the tranquil waters with a few other dedicated salty skin brethren.

This was such an advantage that more and more surfers adopted this method of soul (and sole) surfing. Until the point arrived when there were more people in the line up before there was any daylight. You could often arrive at your favourite surf break only to find the largest crowd of the day was between 5am and 8am. It got ridiculous, the crowd had caught on.  There is now zero advantage in getting up early to go surfing.

crowded-surf1

I got so annoyed with the crowds, that I decided to sleep in on surfing days regardless. Why get to the beach early and be greeted with the largest surfing population the day has to offer? It wasn’t worth the effort. So I started heading down the coast at either 10am or 2pm. I still avoided midday, but shifted my surfing times to mid morning and afternoon.

Next thing I found was that my ‘contrarian’ actions had resulted in a boon. Uncrowded waves and a sleep in! Turns out most people rarely surf for more than a couple of hours. So even the early morning laggards start to exit the water mid morning.  My current example, was two days ago: I went surfing in a very popular location near Torquay, in 37 degree c warm weather, had perfect waves and only one other person in the water at 2pm. No surfer would believe this is happening.

uncrowded-surfing

The point for entrepreneurs is; Like the waves, positioning advantage is constantly shifting. What is an advantage this year, will certainly change next year. But we will never know this if we always accept conventional wisdom of ‘where to be and when’.

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Reverse

A great meme in business is the law of the opposite. ‘Every market, has an equal and opposite market. When I saw the video below it reminded me of it. More importantly, it reminded me that the real opportunities are often the reverse of what we think they are.

[youtube=http://www.youtube.com/watch?v=JwsBBIIXT0E]

*Footnote: This video also says something poignant about authority

We are born

On this earth…

we are all born as creative

we are all born as emotional

we are all born as caring

we are all born as compassionate

we are all born as inquisitve

we are all born as adventurers

we are all born as ‘entrepreneurs’


moon

Our world tries as hard as it can to hide these ‘in built’ features from us. It scares us, no ‘scars us’ into ignoring our given instincts.

We ‘as entrepreneurs’ must do everything we can to get them back. To be as nature intended.

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Digital project list

To do lists matter. In fact they matter a lot. The problem I find with always long to do lists is the that urgent always takes place of the important. And occasionally important projects fall off the agenda. They do this because they seem to live on the bottom of the ‘to do’ list.

This is why we must have a digital version of our to do list. Even if we are a pen an paper kind of person. As I am, which can be seen here, here and here.

The beauty of the digital to do list is the footprint lasts for ever. The important, but not urgent  items on the bottom of the list don’t need to be carried over with the pen. So they wont get lost in transition.

A good way to do it is to have a digital project list and an actual to do list for the day – that is, the items which you will certainly finish today. Remember, we can always add another item if we blow our own minds and finish all our tasks early.

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The Big Win

The big win is always the accumulation of many consistent and small efforts.

Our next media appearance, website improvement, large retail customer, software update or advertising campaign won’t deliver that killer blow for our business.

The big win is a hoax. If we want a big win, we’re better off playing lotto.

lotto-balls

But if we stay the course, embrace mistakes and make incremental improvements, we’ll consistently move towards our long term objective. And at some point, look back and realise – ‘we’ve arrived’.

Success is often more boring than we’d like it to be.

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World of Venn

While we are bootstrapping our startups, it’s worth bootstrapping our lives simultaneously. We should be building projects with overlaps, to the extent that we end up living in a ‘World of Venn’. For the ‘un-nerds’ who can’t quite remember the Venn diagram, here’s a simple explanation:

Venn Diagram:
n.   A diagram using circles to represent sets, with the position and overlap of the circles indicating the relationships between the sets.

[After John Venn (1834-1923), British logician.]

The reason for doing this is simple. By living in a ‘World of Venn’, we are building intellectual assets which have synergy. Assets which are connected metaphysically. Constructs with similar ideals which can be shared, borrowed or stolen. The people in these worlds often overlap too. They’re often interested in learning about and helping in other areas of our Venn worlds. And importantly when one set dies or withers, it has an overlapping intersection on which we can refocus our efforts without having to start from the beginning.

Here’s a sample of parts of my world and the Venn relationships.

ss-venn-diagram

As you can see my worlds overlap and all build revenue streams.
–    Ideas and experiences from rentoid.com, give me great writing fodder and intellectual stimulation for this blog you are reading right now.
–    Startup blog has lead to more professional business writing I do for magazines and journals
–    My academic career at Melbourne University has lead to more Business writing and an upcoming book on marketing & investing.

The point is – they all feed each other, build on one another and leverage my personal areas of expertise.

Each success in one section adds credibility and strength to an overlapping area. The more overlaps we have, the larger our sweet spot becomes. When we have a great number of overlaps, life gets sweeter and the rewards are greater. This is why ‘work life balance’ is simply a hoax. Work is a large part of our life and should be joyous. To try and find time for things outside of work we actually ‘enjoy’, means we’ve got our life wrong. Once we live in a world of Venn our personal and financial growth is inevitable.

Venn is Zen. How Venn is your life?

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