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Take the Money and Run

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Re: Take the Money and Run

#61

Post by exelius »

mayukh wrote: post #45
exelius wrote: post #23

Aah, so it sounds like one of the big reasons you sold was because of imposter syndrome? I don't mean that negatively -- I feel one of the things that comes with experience is you realize that nobody knows what they are doing. This dispels the impostor syndrome pretty quickly. Once you think you know how a business or industry works, you develop patterns to solve it. This can sometimes work against you because it can…

So true. I've switched industries a few times and by now you'd think I'd get it. It still takes me some time to get up to speed with the 'dynamics' of the space/industry I'm working in and the realization everytime is that it is truly a con-fidence game. There is no consensus on the one 'right way' to do things and anyone who spouts with religious fervor that their way is the only way is being disingenuous or worse r…

Yeah, though often you have to publicly over-advocate your solution as being the only "right way" ("Why my novel carrier pigeon-based NoSQL database is eating the world") just to get any visibility around your product. Of course your solution isn't right for everyone, but the people who it's not right for probably know that already, and the people who it might be right for have a higher chance of seeing it.

Re: Take the Money and Run

#62

Post by rogerbinns »

waqf wrote: post #46
Cthulhu_ wrote: post #6

I'm probably being petulant or don't understand American culture, but: > To avoid spending money, we'd been subsisting on a diet consisting largely of soup. [...] But now, we'd gradually started to feel like we might be able to afford to eat at restaurants again. No middle ground?

If there's an item of American culture you may be missing, it's probably that American restaurants can be very cheap.

Also the portions are large (which everyone already knows). But it is also culturally normal to take a doggie bag of the leftovers home with you, to supply additional meals. ie one restaurant meal is good for more than one meal.

This arose because the easiest way for a restaurant to increase revenue is to increase portion sizes and hence the price.

Re: Take the Money and Run

#64

Post by pyre »

logfromblammo wrote: post #43
nkohari wrote: post #24

Earlier quoted context omitted.

I was being hyperbolic -- we did eat quite a bit of soup because it was cheap, but we ate other things also. I didn't mean for the word largely to be taken literally.

It evokes images of Charlie Chaplin eating boiled-shoe soup, or Charlie Bucket's entire family eating thin cabbage soup (and just one Wonka bar per year). Eating hot dogs, bologna, mac and cheese, and peanut butter sandwiches doesn't quite do it, because people eat those things occasionally, even when they can afford not to. But if you cut up that one hot dog and use it to make hot dog soup, you're now signaling that…

The post states that soup is easy to make in large batches. This is true. Cut up some stuff toss it in a pot with some water, and turn on the stove (for the most part). You're just limited by the size of the pot, and the mechanisms you have for storing the soup.

I think it's rather hyperbolic to have some strong association between the word "soup" and cultural icons like "stone soup" stories.

Re: Take the Money and Run

#65

Post by [deleted] »

themodelplumber wrote: post #53
exelius wrote: post #23

Aah, so it sounds like one of the big reasons you sold was because of imposter syndrome? I don't mean that negatively -- I feel one of the things that comes with experience is you realize that nobody knows what they are doing. This dispels the impostor syndrome pretty quickly. Once you think you know how a business or industry works, you develop patterns to solve it. This can sometimes work against you because it can…

Hahaha. That is true. One of my favorite ways of getting used to this is thinking of my biggest competitors as friends (or trying to). I would say "keep your enemies closer" but I really don't think of them as enemies. On the advice of my business coach I usually call my competitors to chat every once in a while and I think we mutually realize that we're just trying our best not to go obsolete. We also need each othe…

[deleted]

Re: Take the Money and Run

#67

Post by exelius »

themodelplumber wrote: post #53
exelius wrote: post #23

Aah, so it sounds like one of the big reasons you sold was because of imposter syndrome? I don't mean that negatively -- I feel one of the things that comes with experience is you realize that nobody knows what they are doing. This dispels the impostor syndrome pretty quickly. Once you think you know how a business or industry works, you develop patterns to solve it. This can sometimes work against you because it can…

Hahaha. That is true. One of my favorite ways of getting used to this is thinking of my biggest competitors as friends (or trying to). I would say "keep your enemies closer" but I really don't think of them as enemies. On the advice of my business coach I usually call my competitors to chat every once in a while and I think we mutually realize that we're just trying our best not to go obsolete. We also need each othe…

Yeah, most small businesses are impacted far more by overall market forces than they are by local competition. Even at large corporations in big industries though, individuals talk across companies. A lot. I've heard of major product launches from major companies in a fiercely competitive market because one CEO had lunch with another CEO and they shared their plans with each other. It's usually in the context of "This is what we're doing and we think we can beat you."

At the end of the day, even CEOs of large companies are only hired guns. They may be in a position later on down the road where they need a senior executive to run a charitable foundation, be a board member on a company they invest in, or to take the reins of their company when they retire. Always remember that there is the person and the role. The role gives them power, but the person is more valuable.

Re: Take the Money and Run

#69

Post by [deleted] »

[deleted] wrote: post #65
themodelplumber wrote: post #53

Earlier quoted context omitted.

Hahaha. That is true. One of my favorite ways of getting used to this is thinking of my biggest competitors as friends (or trying to). I would say "keep your enemies closer" but I really don't think of them as enemies. On the advice of my business coach I usually call my competitors to chat every once in a while and I think we mutually realize that we're just trying our best not to go obsolete. We also need each othe…

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