The people who consistently build products and services that reach massive scale are often those who are able to accurately predict what people want, often before people realize they want them.
I tend to follow the works, speeches and thoughts of these people more often than I follow traditional journalists. One person who fits this category for many in the tech community is Peter Thiel, co-founder of PayPal, and early investor in Facebook, SpaceX and many more.
Last year, Thiel published an amazing book titled Zero to One which highlighted important themes for aspiring entrepreneurs. One of the key themes was that many of the greatest businesses derived from someone’s fundamental belief of something that opposed both popular opinion and common sense.
“There is nothing permanent except change” – Heraclitus
The increasing usage of on-demand services like Uber and Postmates symbolize the diminishing of consumer patience and tolerance for waiting.
Your business expects people to wait for 30 minutes for your service to arrive?
Ha, I have better options.
Target, Anthem, JP Morgan, Sony, Home Depot and Ebay – what do they all have in common? All of these companies suffered from a significant data breach, hacking incident or major security compromise.
The biggest victim: you.
The likelihood that you’ve purchased products or used services from any of the above listed companies is relatively high, whether you’ve done so directly or indirectly through corporate partnerships.
With over 2 billion smartphones in use around the world, the growing dominance of mobile technology becomes undebatable.
This is true for consumer use-cases and business use-cases alike. People are increasingly dependent on mobile apps and technology to get things done in a personal and professional context.
For developing economies, this reliance is on an entirely different spectrum. Mobile is everything.
The changing landscape of technology has caused rippling effects through countless industries, including everything from commerce to data storage.
Much of this is increasingly being led by software and cloud companies. Innovation is pushing the bounds of what used to be impossible.
As one prominent Silicon Valley investor put it, “software is eating the world.”
“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney
Building a business is tough.
What can be even more difficult is earning the attention and dollars of prospective users or customers.
I don’t make jokes. I just watch the government and report the facts. – Will Rogers
Chances are that when you think about the word government, it is with a negative connotation.
Your less-than-stellar opinion of government may be caused by everything from Washington’s dirty politics to the long lines at your local DMV.
“Every side attacks you when you don’t take sides.” – Marty Rubin
The ubiquity of the internet has created a consumer-base that is more informed, more selective and less patient.
No longer is there an expectation that the salesperson will educate you on the product or service to the degree that it will determine your decision.
“Not all problems have a technological answer, but when they do, that is the more lasting solution.”
– Andrew Grove
The role of technology is to add accuracy and efficiency to something, while alleviating the efforts required by humans.
The only thing we know about the future is that it will be different.
-Peter F. Drucker
The routines and priorities of today’s society are radically different from those of our parents.