Competitors

Competition is eternally existential. We compete for love, money, attention, fame, wealth, recognition, and sometimes, we even compete for food. Turns out humans aren’t the only species who must to compete to survive. All living things must do it. Even trees in a deep forest compete for sunlight by growing as quickly as possible forgoing width for height.

What I find most interesting about competition is how we or any being chooses to do it. When a competitor catches us unaware, they usually achieve this through  using some form of subterfuge. Like growing in a smaller segment of the market. Focusing on a neglected geography. And the really smart competitors disguise what they are doing so you don’t even see them coming. A little like Google has done to Microsoft who was overly focused on the ‘desktop’, while the world was moving to web app’s and gathering and storing of information externally.

I noticed this phenomenon first hand recently. My business was moving along swimmingly (which in this case is my tomato plantation). As you can see from the photo below. My Roma’s looked healthy and almost ready for the picking:

tomato1

But upon closer inspection a competitor had been eating away at my market for quite a long time without me noticing. Once I turned around the tomato to inspect the back side of them – I was devastated to find my competition. They caught me napping and had a very big impact on my market share. As can be seen here:

tomato4

How did they manage this?

  • The caterpillar was smart enough to attack on the reverse side out of view.
  • His color is exactly the same as the tomato proving an excellent camouflage.
  • He waited till the market was already developed (by me) and the tomatoes had a reasonable size and were worth attacking – in this case risking his life over!
  • In true terrorist fashion he penetrated the market at one entry point and ate it inside out. That is, the caterpillar was so deep inside the market, he was completely out of view.

None of this was by mistake. It has been driven by millennia of evolutionary survival and subsequent genetic coding. Nature is smart.

The implications for startups are many. When we start out to compete, the best thing we can do is replicate what nature does. Stay out of harms way. Stay small and unseen. Try and gain some momentum and size. If we’re lucky will have built our share of the market and be ensconced before anyone notices.

(FYI – I picked the tomatoes, and placed them in another location of the garden to let the caterpillars fight another day – they may just leave some seeds which will flourish next season!)

twitter-follow-me3

Make your sentences short

We need to make our sentences as short as possible when trying to engage anyone that matters in a business. Investors, customers, retailers.

So our short sentences should appear in our pitch, our copy writing and our video communication

So how could I possibly make this sentence any shorter than it is?

How could I make this sentence any shorter?

Could I make this sentence shorter?

Could I make this shorter?

This is shorter still.

twitter-follow-me2

Goals review

While driving the other day the person in the car with me said they we’re disappointed with themselves. Disappointed, in that they had only achieved 50% of the goals they set for the year.

I then asked what was achieved:

– They reflected on those goals that were nailed. All of them were pretty heady, big goals and great achievements.

I then asked if the ‘failed goals’ had at least some progress made:

– They said that some of the failures had made significant progress, though not fully nailed.

I then asked what percentage of goals were achieved by the 97% of people who don’t write them down:

– The penny dropped and the conversation didn’t go much further.

Turns out people with written goals are very far in front. Even achieving a small percentage of our set goals puts us so far ahead of the mob it’s a joke. And the joke is on them.

When it comes to goals it’s pretty simple. Set, review, rewrite, believe = achieve.

twitter-follow-me1

iphone apps & mini-preneurs

Got an idea for an iphone app you can’t find?

Great – there’s like a zillion iphone app developers waiting for your business right here, and here and here.

iphone-apps

So write the brief for the app you want and can’t find, contact the developers and get it made. Get your itunes account up, choose a cheap ‘low barrier’ price, like a ‘dollar’ or so and sell that puppy. Remember it’s better to sell a $1 iphone app a lot of times than a a $5 or $10 one no times at all.

This micro-entrepreneurs opportunity is as simple as they come. Global distribution with an engaged audience – rare indeed. A classic ‘trend hijack’.

Go now – make it, sell it.

twitter-follow-me

Tell your story – ‘Quickly’

People are very time poor, or maybe just a little impatient. Regardless of which it is we have to be able to tell our story quickly.

Vanguard Investments do it in 2 seconds. Click here to see how they do it. (Watch the animation)

Even this chart below tells the story on long term ‘index’ investing. Of which Vanguard are the founding forefathers.

vanguard-story

The recent downturn is a best a ‘blip’.

How long does your startup story take to tell? Here’s a tip – we’ve got a few seconds at most.

twitter-follow-me7

I could’ve been a contender

[youtube=http://www.youtube.com/watch?v=l0waNRaz6wU]

In 10 years from now many of us will look back and thought about what could’ve been. What we could have achieved if we didn’t just take the advice of others, take ‘dives for money’. If we didn’t mortgage our careers (lives?) for corporations who didn’t give a hoot about us. If we had the guts to make tough decisions and believe in ourselves.

Our choices matter a great deal more than our level of talent does. We should make choices which will have a direct impact 10 years from now.

twitter-follow-me5