A Simpler Way?

Sometimes you have a good idea. Then the your goals change. And that first good idea isn't important.

Or is it?

Maybe the kernel of the idea was good. Like... the name?

And here we are. More in a moment.

The missing revolution

Image via CrunchBase

What if you threw a revolution and no one came?

Contenture is shutting down. No, you probably never heard of them and probably won't miss them. And since I didn't even know of the company until I saw notice of their demise, I won't presume to offer cogent reasons why their business model never got off the ground. But here's the key reason they gave on their blog:

[W]e were unable to get any big publishers to use the service, which was going to be the key to our success. Without any large publishers, the economics just don’t work.

I bring this news up here as a cautionary tale in two parts:

Labels are important.
Contenture billed their service as "The Micropayment Revolution". That phrase was part of their logo on their blog. That revolution lasted exactly 192 days from launch-date to shut-down announcement. And as they say above, the revolution wasn't adopted by key entities. Revolution is a pretty serious word. It brings up serious connotations.

Lesson: Be sure the words you use match the reality of your intent.

Don't ignore the Convenience Arrow
After reading the links above that describe the business model, it seems to go backwards. Sure, blocking ads would be nice, but it does little to enhance convenience. And it's certainly not worth paying for. At least not to me. And obviously, not a lot of other people either.

Lesson: There exists a difference between annoying and intruding. One I'll pay you to get rid of. The other I'm really good at ignoring.

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Little changes, little rewards

Image by abakedcreation via Flickr

This post inspired by a nice soak in the steam room, my little reward for breaking my 1+ year sabbatical from working out.

None of us have it figured out. No one has achieved perfection. Supreme enlightenment is at best unattainable and at worst a scam.

There always remains a stone unturned. A nook unprodded. A path unexplored. For all of us. Even for those who always seem to be first, there was a time when they didn't know about it either.

We all fall short of our goals. We take missteps and often time make mistakes. Occasionally we screw up royally and get embarrassed by our own ineptitude.

So when you figure something out, celebrate. When you discover something new, have fun with it. And when you crawl back on the wagon horse, ride on.

Go ahead and reward yourself. But keep the scale of your accomplishment in mind. Somethings are worth shouting about. Most that I've mentioned above are not. Yes, they are important. Yes, they can lead to bigger things. Yes, you should feel good about what you've done. But little changes deserve little rewards.

When you're done, go work toward something truly big. You can scream about that.

Do you need a website to do business online?

Image by Bobasonic via Flickr

The future is almost here. No, really. In a few days it will be 2010. That's the future.

As of late, I've been writing a lot about business. Specifically, how the digital world changes what it means to be "in business". A catch phrase I've been using over the last year is this: Doing business online means more than just having a first-class website. And while I believe that is true, I wonder if the statement goes far enough? I wonder if, instead, I believe this:

It is possible to do business online without having your own website.

Heretical? Not really. And not all that ground-breaking. I first heard about eBay from a neighbor almost a decade ago. A significant portion of his income came from trading baseball cards on the site. He didn't have his own website until the last few years. I've ran a digital media consulting practice for the last two years without a site for said practice, though I'll concede that this site helps and that I used prior connections to secure clients.

The web of today provides smart businesses many chances to make connections without having a dedicated website. So yes, it's possible to do business without one. I'm not advocating you abandon your website. But I do challenge you to consider the role your site plays today. Think of where your customers or prospects are and be there. Spend at least as much time building and maintaining your presence out there as you do on your own site.

Maybe more?

Exceeding by reducing choices

Image by evo_terra via Flickr

Given the choice, I think every business would choose to be remarkable. Certainly no one in business wants to provide a bad business experience. But I'm more troubled by those in business satisfied to deliver a staple experience.

Staples are things you have to have, or need on a regular basis. The "general store" of old comes to mind. Competition really didn't come into play, as they tended to be the only game in town. It may not have been pretty to shop in, but they had what you needed. And if they didn't, you probably didn't know you needed it.

Today, businesses in the staple-market compete on one thing and one thing only -- price. Margins are razor-thin. Service and selection are commoditized. Success is measured by volume. Customers are lured in by items offered below cost in the hope that an impulse decision may result in a slightly higher profit item being sold. Some companies have made loads of money this way. Some entire industries operate under this principle. There is a success path here, if that is your true intent.

There exists a direct relationship between choice and staple-ness.

It's hard to offer a multitude of choices and succeed at all of them. It's difficult to try and meet every conceivable need and almost impossible to exceed them all. If you're lucky, you do one or two things really well. The rest? Filler. And those things you don't knock out of the park may be doing harm to your business or your brand.

Consider the restaurant that offers dozens of entrées. Do you go there because the all the food is fantastic? What about any of the food? Chances are, you eat there because it's fast (relatively speaking), decent (relatively speaking), cheap (relatively speaking) and predictable.

Alternately, consider the establishment that is really known for one or two things. Chances are, they offer a more limited -- more exclusive, if you will -- list of items that they kick-ass on. Every. Time. Because of the limited selection, they can also be fast enough and (relatively) affordable. But these places offer a product that is far above decent. Predictable? Only to those who are regulars, and they often drag their friends along just to see the look on their faces when they taste something truly remarkable.

Those same rules apply to almost any small business or entrepreneur. Focus on that which you do better than anyone else. While it's hard -- if not stupid -- to turn away business, understand the possible risk if you fail to not just meet, but exceed your customers' expectations.

Cultivating impatience in business

Image via Wikipedia

I'm not a very patient man. My sense of time has always been a few clicks faster than those around me. This helped me in academics as a kid -- but to a point. Impatience breeds boredom. And that leads to a host of issues with less-than-desirable outcomes.

But impatience can be -- over time -- channeled into a power for good. While everyone else will happily continue to drive over the speed bumps, we impatient find a way around them. Eventually, those around us notice and start following. And without any planning or process meetings, a new and generally accepted path is formed.

Businesses can be impatient, too. I see that as a Good Thing. Impatient companies recognize a need and fill it -- now. While there's nothing wrong with analyzing conditions to see if the timing is right, sometimes that just takes too long. Or sometimes the signs are so obvious that further study simply isn't needed.

How do you adopt impatience? I don't think you can. I think you are, or you aren't. But your business can learn to be. You may have to bring in talent from the outside. You may have to look through your list of "troublemakers" and see if they truly are worthless (then fire them) or if they just want things to move faster. Don't give them the reigns, but do give them some rope. You may be surprised what they can create, and what you might learn.

Strengthen your connections

Image by vitroid via Flickr

Don't underestimate the value of connections. While we (and by we I mean I) sometimes get caught up looking for ROI and hard, measurable facts, some things are more esoteric. Yet just as valuable.

When Google bought YouTube, they thought the asset was the impressions the videos would deliver. What they found more valuable was the connections and conversations people were having around and because of those videos.

Today, you can't have a network without the connections. Some connections between you and others are incredibly strong. When you start noticing the same people at events and see the same names on email, comments or other outreach, that's an indication of a strong connection.

But strong connections aren't conducive to growth, either personal or the growth of the network itself. And while it can happen, strong connections make it difficult for others to join in the connection. So instead, we tend to keep increasing the strength of our own connections, since that's easier than breaking in. I think that approach misses the mark.

Spend less time strengthening strong connections.

If your connection with another person is truly strong, it will survive a bit of neglect on your part. I know that people will tell you that relationships take work. I've found that not to be the case. At least, not a significant amount of work. And if it does, then it's probably a relationship I'm probably not going to miss.

Rather, spend your time shoring up tenuous connections. Reach out to those you're loosely connected to, and make those connections stronger. You'll quickly find yourself exposed to new ideas, new people and new opportunities. And those other strong connections? Still rock solid. Now you have even more.

Which tenuous connection will you work on strengthening first?