Generally speaking, it pays to be in industries where prices and demand are going up. Economics 101 tells us that prices generally increase due to low supply and high demand, more suppliers enter the market attracted by high returns. Eventually competitively reduces returns and prices will stabilise, acting as a disincentive to new suppliers. Alternatively, or synchronously, demand
Having been the dominant mobile phone handset maker for a long time, Nokia is now on a slippery slide down from the top. In developing markets, Nokia is still doing well, but is increasingly challenged by low cost Chinese manufacturers. I took the screenshot from the Nokia website showing the history of the company. They have
– School teaches us to understand and deal with knowns.
– Much of life requires us to respond to the unknown.
– Anything written with hindsight will tell a cleaner narrative of events.
– A diary is a better medium for insight into the story of events as they occur.
– Dealing with unknowns only improves with practice and repetition.
– The real lessons for business or life success are in daily diaries, not autobiographies.
I decided to develop a visual chart of the decision tree or options available to startup entrepreneurs when they have an idea and want to develop that idea. I was inspired by all the amazing responses over at Silicon Beach in response to the thread “Finding Technical Co-Founders: How do we help people do this
…I would definitely break up with you. The National Bank of Australia’s (NAB) current advertising campaign has to be one of the worst i’ve ever seen. Perhaps I’m the only one who doesn’t get it. But essentially, NAB is saying “we’ve broken up with the other banks”. This must refer to the closeness with which
With the proliferation online accounts and email, I’d like to outline a simple password system that I think should work for most people. I’m writing this because I know a lot of people that use one password for their entire online life. While that makes it easier to remember all your online credentials, it also
I’ve finally decided what to do with this site (for now). I’m going to keep track of my garden through the seasons. Here it is in late Winter/early Spring 2009 (11 September in-fact). From Garden