Over the past 2 years I’ve been a big Tech guy, I mean buying every new smartphone, looking into all the top developments in both software and hardware as well as making a lot of money re-selling my tech based research to VC companies, but during this time 2 things have become very clear, the first is technology is going to change the world beyond a recognisable point. You can see this already from 100 years ago, but the rate of change will increase at an alarming rate.
Secondly – How will this benefit us? – This is a question I ask to all my students in the tech and gaming community, how is this game or app or piece of software going to benefit us? – If you can answer this question definitively (such as how Tesla goes about their start-up monster) then you will have the power to take your technology business all the way to the bank and then some! If not then you will always be struggling.
How to Change the World – Bring Something Truly Valuable
I just wanted to write this article to talk about 1 key element I believe tech companies are struggling with. Everyone and their dad seems to want to be the next Facebook, Snapchat or Uber at the moment, with 90% failing miserably. The problem is there is no definitive purpose to the business, there is nothing valuable to what you are offering.
A quick business lesson – You can make £10,000,000 a year through smart decisions, but to make a billion a year you will need to change the way people think. I don’t just mean this for the money, I mean this from a value point of view, if you can give people something that is cheaper, works better than before and provides value, then guess what…. You have a billion dollar potential business, if you just tick the first 2 boxes then you have a 100 million business and obviously 1 is just around a million.
Change the world.