Ideas That Changed My Life
perell.com
perell.com
I found this one particularly interesting
I frequently find myself in this mode. Whether it's the latest youtube video or tweet. There's something to be said about looking back at past events and investigating what you might have failed to learn or appreciate.
The problem here is making sure that you are solving a real problem at all.
There are many companies out there doing something unique, but that is because what they are doing has limited/no value. Juicero comes to mind.
Without competition, you also cannot get an honest assessment of where you stand.
On the other hand, lots of people are solving problems which are not real.
I agree that finding a unique problem is possible, but it is more probable that you are missing something.
https://mastersofscale.com/peter-thiel-escape-the-competitio...
It's extremely rare to find a widely spread problem with zero pre-existing solutions or competitors in that field.
I understand the concept of turning a "problem" solution into a business, but there are two issues with that as far as I see. Firstly, questioning if it is really a problem, like you mentioned and secondly does it need to be fixed, and this I think points to your second point about something being unique or if it is of value.
> Without competition, you also cannot get an honest assessment of where you stand.
I don't think a company like Uber, was fixing a problem, they made a better solution and competed. So yes, agreed that competition can be good. Another way to look at it is, if there is no competition, then there may be no problem.
The issue the author has is saturation, I think. No matter what if you are solving a "problem" in a space with no "competition" and you are winning that battle, then multiple other people are going to come along and compete.
Unique solutions for unique problems which are profitable are rare, challenging, often expensive to develop etc. Take an existing idea and make it better (hmmm Apple?), you are more likely to be successful in a tested market.
"15. Law of Shitty Click-Through Rates: Most marketing strategies have a short window of success, as click-through rates decrease as tactics mature. For example, the first banner-ad has a click-through rate of more than 70%. Now we avoid them with ad-blockers."
And I thought WOW, 70% and I was curious if that's true. At least according to The Atlantic that is not true, but the number is still pretty darn high.
"The banner ad that’s widely described as the first ever was a little rectangle purchased by AT&T on HotWired.com in 1994. About 44 percent of the people who saw it actually clicked on it."
https://webcache.googleusercontent.com/search?q=cache:rH9hEb...
(Not trying to take away anything from this list, just sharing what I found)
This, at least in US, I think the society is focusing too much energy on cultivating genius, and a lot of talents are left idle with literally meaningless work (for example, convincing people to click on ads).
The problem with these lists is that they give the impression that you're learning something when you're really just consuming Content.
Wars between countries are certainly more common than civil wars, aren't they? And I'm not sure I understand the link between "worst conflicts" and "greater potential for conflict."
Far more people are killed in intrastate armed conflict than interstate:
https://reliefweb.int/sites/reliefweb.int/files/resources/Du...
TL;DR: Force everyone to make the simple and easy decisions asynchronously before you get into a synchronous meeting. This forces you to talk about the big, hard problems when you are meeting live. It has saved our team hours of wasted meeting time.