People Watching
If you’re an entrepreneur and you’ve never been ‘people watching’, then start up blog strongly recommends a session. For a lot of reasons it’s a cool thing all entrepreneurs should do. For one, all our revered entrepreneurs are champion trend spotters. And they spot these trends a long time before they are reported in the Sunday newspaper lift outs.
What’s next?
Go some where busy, go somewhere where there are zillions of transactions, go somewhere sans commerce, go where families hang out, go somewhere singles hangout, look for the subgroups, watch people looking at shelves in stores – guess their decision process, see if this process is the same for all or different for all, see what they wear, see how they move, how did they get there, where are they from, bring a notepad with you and write down ideas, go places you’ve never been before…. Watch people, guess their motivations, view their life in action and then we’ll be the ones gaining life experience…. Just go and watch.

The funny thing about our world is that we are all in it every day, but very few of us are actually paying any attention to it. Step off the stage and become the director. Make it a habit to pay attention to what is going on in our world.
As entrepreneurs and marketers we are lucky. We can do our homework everywhere we go, and our start ups are the key beneficiaries.
Media diet – startup style
As promoted in the 4 hour work week a media diet is a nice way save time. For entrepreneurs a different type of media diet is required.
A business trends diet
Here’s how – avoid all business related articles as they pertain to new strategies & trends.
Here’s why – We already know enough to be successful. Our problem is doing the stuff.
Unless we are just starting in the business world – we’ve heard every strategy and the fact is that most ‘new’ business ideas are simple derivatives of business theories which have been around since the birth of commerce. Cables channels and tech stuff is the worst. Who’s got the time to read 86 posts from techcrunch every day? – not me.
We ought just trust our judgment and make the call that we know enough to get moving…and the rest we’ll learn on the job…. So in the spirit of this blog entry, ignore the articles you were about to read and get back to your stuff.
Slow is the new fast
| WAS (fast) | IS (slow) |
|
Fast food, take out |
Slow food, cooking, dinner parties |
|
‘Super’ market, processed food, discounts, shelf life, conveniencve |
Growing vegetables, farmers market, gourmet food, butchers, real ingredients, less packaging, joyful inconvenience and hence quality |
|
Get rich quick, money making schemes, flipping –shares & property assets, asset accumulation |
Passion jobs, wealth in doing, not keeping score, grand designs, experience accumulation |
|
Instant coffee – isolated ergogenic aid |
Café latte, macchiato, espresso cappuccino – discussion and social facilitation. |
|
Cheap, more, value |
Premium, less, gourmet, |
|
Doing more, expectations |
Taking time, internalizing |
|
Ladder climbing, competition, job hoping |
Ladder building, collaboration, sabbaticals |
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Long hours, skipping meals, avoiding exercise, financial objectives, excuse making |
|
|
Spending less on more |
Spending more on less |
|
Pay rates, fringe benefits, promotional opportunities |
Mind growth, real flexibility, independence |
This is some, not all…. but all follow the path. Feel free to add ‘some’
What path is your start up on? The slow path or the fast path?
*reader warning. (none of the above refers to doing reacting slowly in your startup. Just the ’real’ trend of getting our lives back)
‘Game changing’ – Nintendo Wii
If anyone ever needs proof that the market leader can be given lesson, Nintendo provides this.
From a brand which dominated the 1980’s with handheld games and fell into relative console obscurity during the 1990’s it’s comeback has been astounding as has the performance of the Wii.
And it’s all based on simple consumer insight:
“Games everyone can play”
A direct quote from their current advertising. Enough said.
They are clear console market leader now in Australia. Overtaking the previously thought ‘unbeatable’ Sony Playstation franchise. No incumbent is ever safe. This maxim will only increase in relevance over time.
Often we build complexity into things because the technology allows it. We are better off focusing on what makes sense for the end user, not what’s possible.
Chris Anderson of Long Tail fame has been espousing for a long time that the future of gaming is not in the console, but the controls. He’s obviously ahead of his time.
Start up lesson: The offer with the best user experience, always beats the offer with the best technology.







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