No matter how
small a business you want to run, there is still that “volume” question to deal
with. The word “critical mass” that you find so vulgar. You need to have that
number built into your business plan. You will have cost and you will need enough
revenue to minus that cost that will eventually be your profit.
How may do
you need?
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Fighting the
forces that commoditize your service industry will always be a big challenge.
It could be from technology or from the lowering of prices. Thinking and
initiatives will be two key differences you can use to defend against their encroachment.
How do you
differentiate?
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Competence at
work should include values like courtesy, compassion and being considerate. If
you can’t work very well with people, then you aren’t very competent are you?
“Before I had studied Zen for
thirty years, I saw mountains as mountains, and waters as waters. When I
arrived at a more intimate knowledge, I came to the point where I saw that
mountains are not mountains, and waters are not waters. But now that I have got
its very substance I am at rest. For it's just that I see mountains once again
as mountains, and waters once again as waters.” - Alan Watts on the famous saying by Ching
Yuan Wei Hsin.
I think for
almost anything that we want to learn deeply, once you arrive at the
satisfaction of knowing better what is going on, you see things as they are
again.
That’s
something to think about today. Make mental notes to the questions you ask at
meetings, at casual gatherings and questions that are in your thoughts. Noting the
patterns in your questions will reveal the answer about you.
Are you ready
for the answer?
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The digital space allows you to experiment a lot. Just taking advertising as an example, you
can change things pretty easily and test things out. Which means you can learn pretty fast for a very low cost. But you have got to be willing to learn and
poke.
How much do
you know?
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“What you need, above all else, is a love for your subject,
whatever it is. You've got to be so deeply in love with your subject that when
curve balls are thrown, when hurdles are put in place, you've got the energy to
overcome them.” - Neil deGrasse Tyson
One way is to
look at your personal unique talents that you have, that only you have in that
combination. Then use those talents in your company to make things happen, even
if it means working hard.
Marketing isn’t
like a parachute jump; you don’t have to get it right the first time. In fact,
it is like most skills. The more you do, the better you get.
Increasingly
I tend to believe that it is not how much you read that matters. Sure the
quantity of books is no trivia in an equation of knowledge. But how much you
reflect, use and experiment upon what you read is equally as important.
Do you reflect?
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I was quite surprised to discover this quote from Isaac Asimov. “It takes more than capital to swing business. You've got to
have the A. I. D. degree to get by - Advertising, Initiative, and Dynamics.” - Isaac Asimov
There is a
time to be obvious; there is a time to be subtle. How you choose to communicate
you choose to deploy depends on your category, how new you are in that category
and what you are trying to say.
Will it be
obvious to them?
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If you are a Brontosaurus
looking to compete in a Velociraptor world, you have to ensure that you lose some weight. You have to understand weight may not be a strength. That strength
in a Velociraptor world is speed.
Write. Keep
writing. Write what comes to mind. It doesn’t even matter if it is a to-do list
or a strategy paper. Sit down and write. See how your thoughts attain clarity.
How difficult
do you think it is?
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