Competitive Advantage

Stop Chasing "Sustainable" Competitive Advantage

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There’s no such thing as sustainable competitive advantage. In this post I'm going to help keep you sane while you're looking for your edge. 

This is super important so I want to make sure that you really see this - if you find something that makes your business special you need to squeeze all that you can from it because it will not last. You're then going to need to find something new and the cycle repeats. And, that's ok. 

Disruption and innovation are happening at faster and faster paces and it's not just reserved for companies at scale. It's happening in your neighborhood. 

(If anyone tries to sell you sustainable competitive advantage as part of their “consulting package”, you can tell them to knock it off.) 

Differentiation tends to lose its edge over time. When people see that your business found something that works you shouldn't be surprised to see your competitors also trying similar things. Competitive advantage by its very definition is a fleeting notion - it’s something you are always going to have to work towards.

The reason?

It’s because people’s tastes, expectations, values change over time. In your business you have to constantly be working towards satisfying the needs of your clients and customers to be successful.

No secret there.

At the same time though you have to be thinking about ways to continue to create that awesome value while keeping your own overhead and expenses as lean as possible. Again, no soul shattering revelations. 

These sound like conflicting ideas don't they? In order to grow you have to constantly be on the look out for the next big thing while also being consistent in the products and services you're already offering? Well, it's less of a "this or that" and more of a "yes, and..". What connects these two ideas is the fact that while the problems you solve may change the customer's experience with you and your business stays great. Just looking for problems to solve, talking about or perpetually planning for solving problems will in no way, shape, or form guarantee your business’s success. 

This post isn’t really about finding new competitive advantages. It’s about teaching you to recognize that your business's success depends on creating consistent value for people not just about chasing gimmicks.

You’re looking for your “Big Mac”. Seriously. Anywhere in the US you can walk into a McDonald’s, order a “Big Mac” and have your expectations on that product/experience be met. Why? Because McDonald’s makes it the exact same way every time. 

Wondering why I didn't say Szechuan Sauce? With all the news around fans of the show "Rick and Morty", McDonald's is doing a great job of being a hype machine without actually delivering any value. It's a gimmick that will pass and because McDonald's doesn't have the agility to really capitalize on this fandom in an efficient way. That means I will probably never get to taste that sweet sweet sauce and McDonald's loses the specific and opportunistic competitive advantage here. 

In order to grow your business and to give yourself the room you need to actually test out ideas, products or services you need to record lots and lots of tries. How can you know which changes helped to grow your business when you changed lots of stuff at the same time? Better still, are you changing something on a weekly basis?

No bueno. 

I love the Lean Startup model but there is a piece of it I don’t really agree with. The potential customer interviews. Asking people what they want and discovering what they really want are two very different things. You won’t know what people do or don’t want until you ask them to put their debit/credit card information on the line. Here’s how you can work on fostering growth in your business.

The best advice I can give, in terms of a sustainable business model (not competitive advantage), is the same advice I give to my clients looking to iterate, pivot or adapt their business. It’s actually a set of questions I want you to give some honest thought to: 

1. Do you have a system that tracks the entire customer cycle?

2. Are you using that system every single time you in front of a customer? 

3. How big is your market and how many times have you used that system? 

4. Are you solving a relevant and specific problem? (Benefits (NOT features) > Costs)

5. Is your value being clearly communicated? 

6. Are you changing one thing at a time? 

7. How are you measuring success at each stage of your system? 

8. Are you following up and asking “why” with your customers after they buy and even when they don’t?

If you don’t have clearly defined and measured answers to any of these questions don’t innovate, disrupt, adapt, or pivot. You need more data! Figure out what a fair amount of tries are and work from there. Changing your website every day because your products didn’t sell that day is probably not a fair amount of time to test your copy. Before you go changing everything start trying to isolate possible weak spots in your system and change one major variable at a time. This is how you test your market to see if what you’ve changed resonates better and creates more engagement. 

Don’t rush to innovate or pivot. It’s time, money, and emotional energy that you can’t get back and that you probably won’t take the time to measure. Instead focus on the boring - the system. With enough tries you’ll start to see patterns in your business. Patterns with variables you can start to manipulate with intention. That’s the secret to getting the best return on your business. 

It also helps to keep you from going crazy. Which, I guess is a good thing too. 

How do you handle the impulse to constantly innovate, adapt, pivot, or disrupt? Is there a method to your madness? I’d love to see your system in the comments below. 


If you're looking for a little more hands-on help then you should totally check out Disruptive Strategy Co.'s new HIRE page. Booking a Disruptive Strategy Power Hour gives us the opportunity to work one on one and to create a tailored plan so that you can stop using the spray and pray approach to growing your business. 


Get Your Business Back On Track: Part 2

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Welcome to the second half of the Getting Your Business Back On Track series. In this post we are going to close the loop on getting your business or idea back into focus and set up so that you can really lean into growing.

If you’ve just found this post I’d encourage you to follow this link: Get Your Business Back On Track: Part 1 and find your answer to the “What am I doing?!” question. Then come right back here.

Now that you’ve found clarity let’s talk about competition and competitive advantage.

The first two questions I want to help you answer are: “How do I map my competition?” and “How much attention should I be paying them?”.

I want to start with the second question because it’s where all the context lives.

Paying attention to you competition is important but it shouldn’t be eating up any real significant part of your business building day. It makes sense to take a peek at your competitors in some kind of systematic way because it will help you validate your ideas, products and services. It will also provide insights as to how your market is reacting to certain types of calls to actions, sales and marketing efforts. Spending time to get an objective view of your competitive landscape can be really helpful when it comes to how you choose to interact with your audience or target market.

The tricky part is getting sucked into a social media creeping black hole. I know that I’m not the only one who’s time-travelled a bit because, what started off as research ended with me creeping through every Tweet, status update and Instagram post. Setting up your notes and calendar to help you manage your research time can be really helpful. And, it keeps that irrational part of your business building brain from squirrelling off into daydreams of the entrepreneurial grass being greener on the other side of your competitions monitors.

If you’re really struggling with how this works just try allocating time once a month to check in on your competitors and try to track the engagement they are getting over time. You should also note that not all engagement is created equal. You should be weighing a testimonial you’re reading from someone’s customer on Facebook very differently than the amount of likes someone’s collecting in their posts. Try to focus on the metrics that could add the most value to how you’re shaping your sales and marketing strategy efforts. Don’t forget to keep an eye out for questions that are being asked, the answers that are given and how those engaged react to both. That right there can create enormous opportunities for you!

Now onto the question of mapping your competition.

First off, yes. Yes, you do have competition. It doesn’t matter how niche your market or how specific your offer you will always battle the choice your customer’s have to make about how they spend their discretionary dollars.

Now that we are all on the same page if you plan on growing your business I’m challenging you to think about all the places your customers could spend their money to reasonably address the problem(s) that your business solves. You’re going to do this by filling in the following blanks:

1. Competitor’s Name.

2. What are the products or services they offer?

3. How are they charging for their products or services?

4. What do you think their competitive advantage is?

5. What are they key features or benefits?

6. What don’t they offer or how are they not addressing the problem you solve?

My recommendation would be to set this up in your favorite spreadsheet app so that you can start to collect lots of data and look for patterns. You can feel free to add to this list as well but I just wanted to make sure that you had a starting point. The boundary you want to stay inside of are people solving the problem you are (or that you’ve identified) having gone through the exercise in part one of this series.

After you’ve collected this information and found a few patterns it’s time to use what you’ve found to your advantage.

Your competitive advantage.

See what I did there?

Your competitive advantage is an objective measure of your ability to deliver value better (or more efficiently) than any of your competitors. Borrowing from my economics lecture notes competitive advantage is an environment where you have an edge in creating value for your customers over your competition. It’s not permanent, contrary to what some gurus might say, and can be achieved by being able to deliver greater value at a lower cost, ownership of some proprietary input or process and even the creation of a laser focused brand.

What competitive advantage is not is a generic promise to having the best customer service. It’s also not your skilled staff, outstanding team, knowledgeable sales people, list of customers on your website or being flexible and responsive. None of that makes you special because it’s expected! If you have to tell your audience that you’re great at the thing they expect as the lowest expectation they have for doing business with you then you are in trouble. Of course you should be knowledgeable and of course you should have great customer service.

If you don’t then I can promise you, you won’t be in business for very long. So, don’t boast about being good at the table stakes and focus instead on the things that make you truly unique. Remember, you may have lots of competitors like the holistic business I outlined for you in part one but you’re the only one that can do business and offer value like you.

If you’ve been really playing the home version of this game up to this point you should be really clear on what your business offers, have an idea of who your competing with, a process for checking in with your market and some guidance on figuring out what makes your business more special than your competitors. This is the place from which you should be making all your future business decisions. Using this data to make decisions around marketing, sales or even just the next piece of content you create will make those decisions exponentially more impactful. These posts were designed to stop you from continuing the spray and pray approach to growing your business. By focusing on your core value and your business’s core identity you can channel your time, money and resources into making decisions that aren’t inspired by chasing the newest marketing fads or trying to serve everyone.

Usually at the end of these blog posts I typically have a spot for you to download a content upgrade or am asking you to answer a question. I’m choosing to skip that ask this time because my real call to action is for you to take this Getting Your Business Back On Track series seriously and do this work. Build the spreadsheets, really grade your competitor’s effectiveness and do the work that’s necessary in building a clear brand that customers want to engage with.

Yes I ended that last sentence with a preposition and no I don’t care because I’m a little fired up in the writing of this conclusion.

Go do the work so you can make great things happen for your business!

How To Get Unstuck: Barriers To Entry Edition

Worried about the obstacles that you’re facing in your business? Odds are those obstacles are the result of not understanding the barriers to entry your business faces - even if you’ve been in business for while. 
 
“Barriers to entry” are way more than business buzzwords that fumble out of the mouths of people playing business. In fact the concept of “barriers to entry” is applicable to more than just starting a new business venture. The last time you probably heard that term was in an economics class in either high school/college or if you’ve talked to me long enough and have listened to my opinions about a few big public businesses. 
 
At the very least, that makes my competitive strategy heart sad.
 
No need to panic though because in this post we are going to talk about why it’s important to think about the barriers of entry and exit in your industry or business and how that can help give you a bit of an advantage. Competitive advantage is not static - you have to keep working at it! 
 
One more quick thing. To all the naysayers out there pining over why their businesses aren’t growing - the pie is not too small. There is enough marketshare to go around for everyone if what you’re offering is valuable! 
 
Especially, those that effectively differentiate, understand their barriers and pick the right niche. So before I start getting push-back on how strategy is just a mental exercise and that it takes big bucks to use strategy effectively just remember that if you can get your business to be laser focused, you’ll always find a rabid and engaged customers.
 
Ok prerequisite rant over.
 
So a barrier to entry is simply defined as a thing you need to do to get your business up and running. Barriers can also be reasons why customers aren’t buying from you. It can be an action, a purchase, government regulations or even experience needed to get you into an industry or to get customers to engage with you. Some industries are more capital intensive than others - think the capital requirements of a car manufacturing company versus the capital requirements of an english tutor. 
 
The other side of that pendulum are industries that require lots of experience or education. Think of the time and experience it takes to be a great doctor and attorney versus more entry level jobs.  Some firms attempt to capitalize on a specific barrier to control what firms can get into their market or industry. They may control the raw materials, contract with wholesalers or distributors, pay big lobbyist dollars to keep regulation in their favor or even control all the media outlets to keep you from advertising.
 
That doesn’t mean you shouldn’t compete especially if it’s what you are passionate about! You just have to figure out how you can differentiate and deliver on the things that make your product or service special.
 
Barriers to entry tend to me a muddled mess sometimes. Start-ups and veteran businesses can stretch themselves too thin when trying to figure out which ones are most mission critical to focus on or to try to create a competitive advantage. Here are a few I like to keep in mind, that are more focused on how you run your business, when I’m thinking about keeping a business competitive in terms of barriers.

  • Network Effects - Think about the communities your stakeholders have created in support of each other and your brand. This can be a huge intangible asset.
  • Proprietary Processes - This is your firm's secret sauce. Do you do something in such a special way that has your clients and customers resonating with not only the result but how you bring that result to them. I have a favorite coffee place and it’s not because the coffee is great but because the coffee servers are great to talk to.
  • Switching Costs -  Cell phone companies are amazing and notorious for this all at the same time. Locking customers into contracts creates a barrier for new entrants or at the very least creates a lag time before groups of potential clients or customers can be reached.

These absolutely apply to customer's willingness and ability to engage with you. Are you making it easy for them to buy from you? To connect with your story or brand? To understand why you are so valuable that they would be doing themselves a disservice by not using you? 
 
Barriers to exit are very similar to entry. Some firms might choose not to play in a certain industry because it would be to hard to exit quickly or smoothly. It can be a challenge to offload plant, capital or equipment when a business closes. Firms might have high financial obligations to their employees might be locked into contracts with their suppliers.
When you are thinking about working on your competitive strategy I wouldn’t sleep on barriers. Better yet I challenge you to take a shot at drilling down into the three that I listed. Can you figure out where your advantage can come from and how you can better differentiate yourself. The biggest takeaway is sorting through all the noise when people talk about barriers to entry. Spreading yourself too thin can tax your resources and your spirit.
 
I would love to hear how you are navigating your barriers to entry? Do you have any insights or questions? My goal is to keep the conversation going and to really get entrepreneurs more in tune with what’s going on around their businesses and not just what’s happening in them. 

Use Strategy To Focus Your Business Planning

Continuing to deliver your value better than any/all of your competitors can be one of the hardest ongoing challenges any business owner can face.

That’s competitive advantage and it’s one of my favorite parts of strategy. It’s one of my favorite because it forces you to consciously decide what you’re going to do in your business and more importantly what you are NOT going to do. If you think about strategy in terms of a set of boundaries for your company it will help you focus all of your business planning and business actions to make sure you are doing your best to keep your business growing.

I know what you’re thinking (some of you anyway): “I’m too small to think about strategy.” “Strategy is too broad a topic and it’s not worth thinking about.” “I’m too busy to think about changing my business plan.” “My business is running fine.” And my favorite, “I have a strategy in my head that I’m working on”.

If you thought or are thinking of anything along those lines I’m going to just straight up tell you; you're wrong. Wrong and probably wasting time, money, and burning yourself out.

I want to outline three big questions that you can use in your business planning process to help you fight off the temptation to do “everything” just because you think it’ll bring in some extra revenue. These aren’t questions that you just answer once and then your done either. It’s important to check in every once and a while to make sure that you are keeping up with the tastes and expectations of your customers as well as what your competitive environment looks like. Remember, competitive advantage has to be actively worked for because the your market will constantly be evolving.

1. Where are you competing?

This question is tackling what market opportunity or opportunities are worth working towards. Another way to think about it is to think about the pain that your business is offering a solution for. It’s important to ground your thinking around how you can better serve that market over your competitors. To do that you need to make sure you have the appropriate resources and abilities. You might have the best and most profitable market opportunity in your head but if you can’t get it to market effectively then you need to keep distilling that idea down to a scale or scope that makes sense for you.

2. How do you compete?

After you have identified a pain you are going to solve better than anyone else (market opportunity) you need to work on how you are going to compete. Are you going to offer the best customer service, the cheapest price, or just crush-it with value. I hope it’s the value part. To engage your customers they are also going to need to like and trust you, at least enough to give you a shot in the first place. How and what you communicate is just as important to the customer as the solution they are buying from you. You are looking for capabilities and resources (also read: knowledge or specialization) that will give you an advantage in serving your very specific market opportunity better than anyone else.

PRO-TIP: Better doesn’t mean cheaper necessarily - working for a cost/price advantage is a very specific way to build a business. If you aren’t sure of the best way to price I wrote an epic pricing post here to help you through specific pricing strategies.

Ok, so the first two questions are centered around Strategy Formulation. You flushed out the pain you are attempting to solve along with how you are going to do it better than anyone else. Strategy Formulation is not all there is to strategy and this is where most people stop or get stuck. It’s why strategies don’t work out or business plans start to become more of a burden to maintain instead of an actual resource to help you keep building your business.

3. How are you going to execute?

This is how you are going to organize your time, money, people, and resources to take the strategy you’ve developed and bring it to life. The business buzzword here is - implementation. Here is where you try to map out and identify your motivations, incentives, how you are going to organize your business (processes) and even what leadership in your business looks like. This applies for big businesses and probably applies best to the solo entrepreneur because it’s this implementation that will keep you accountable to your customers and yourself. This is the nitty-gritty. You are going to be working on the processes that will push you business forward. The best advice I can give here is to keep it as simple as possible. Take a look at your business and build the action plans or lists for all the functions of your business. This even includes something like an editorial calendar for your content marketing. A simple editorial calendar is a brilliant system that will help you manage your time and stress so that you don’t have to worry about what to produce next.

Now that you have an idea of the three fundamental questions let’s cover a few traps that businesses can fall in when they are working on strategy.

  1. Bad Strategy + Good Implementation = Doing the wrong thing really well. = Wasting Time and Money

  2. Good Strategy + Bad Implementation = Doing the right thing poorly. = No to Slow Growth

  3. Good Strategy + Good Implementation = Doing the right thing really well. = Sustainable Growth and Profitability  

It doesn’t matter if you’ve been in business for years or are just starting out. Taking the time to really think about strategy is important. You need to work out how you are going to take what you have access right now and use it to deliver more value than anyone else. Here’s the kicker: It will all change. Understanding your customers motivations and pains will help you to keep your strategy growing as your consumers are growing. Business plans and strategic plans are living breathing resources - not just stuffy documents voted on at board meeting. Get specific on how you allocate your resources and how you are serving your market.

Oh and for the love of Mike you should be writing this all down! Think of these processes and action plans like a recipe to your most favorite meal. You want to make sure that every time you step into the kitchen you are making your favorite dish just the way you like it - every time. Consistency matters when you are trying to get an audience to know, like and trust you. More on that later.

Then, rinse and repeat.

If you are still feeling like you don’t know where to start you can download my Disruptive Decision Framework free! It’s a resource to help you visualize your strategy and give the strategic part of your brain a little jumpstart. You’ll also get access to the Strategy School Newsletter that’s full of extra strategy action nuggets every week.

Understand Your Market Or Fizzle Out

When it comes to starting a business, growth hacking your business or even just trying to launch something new in your business there is one piece of the equation that (in my opinion) does not get enough attention. Entrepreneurs and business owners are so fixated on getting the first iterations of their products, ideas, or services out of the door that they fail to assess the depth of the market they are serving.

An awesome idea with no market or a market that is on the verge of some kind of pivot makes for a bad business.

There are two things that are as good as fact when it comes to building a business:

1. Your customer’s tastes and expectations will constantly change.

2. There is no such thing as long term or sustainable competitive advantage.

It’s because of those two things that you really need to be able to identify your market/industry and to try your darndest to get a handle on what’s happening around you so that you can best position your business for success.

I know. You’re thinking that you don’t need a deep dive into understanding your market or industry because you know your customers and are solving a problem they have.

Great but...

  • Do you have any idea what your competitors are doing?
  • Do you know what your market is expected to do over the next few weeks, months or years?
  • Do you know what the demand determinants are for your customers?
  • Have you positioned your business such that it you’ve added to the barriers to entry that already exist?
  • Are you adding value or different from similar industries, products or services that might already exist?
  • Do you know what the most important external drivers are that motivate your customers to take action or engage with you?
  • Are you measuring success in a way that will keep challenging your business growth?

One more and then I’m done.

  • Do you know how your cost structure measures up to that of your market?

I could keep going but, I think you get my point. Understanding your customers and the world around you is imperative to keep your business moving in the right direction. It might feel like just a busy work exercise but it’s not! The better you know your business’ environment the more quickly you’ll be able to spot trends, you’ll be able to react quicker a your customer’s tastes and expectations change, and you’ll be able to ask good questions to get good feedback from your customers.

There’s no worse feeling than pouring your heart and soul into something only to have no one buy. I know because it’s happened to me once or twice in my early days. It happened because I skipped trying to understand my market and assumed that I knew what was best for my customers.

Besides answering the questions I listed above here are 3 things you can do right now to get a better idea of what’s happening in your market.

1. Go to the Bureau of Labor Statistics and look at trends in people’s discretionary spending.

Here’s a link that goes straight to the Consumer Expenditure page http://www.bls.gov/cex/ It might sound dry but after you figure out your demographic you can learn a lot about what is important to people by taking a look at their spending. Probably the most important thing is to see if people are already spending money on your solution - great way to look for validation. You can also tap http://www.census.gov to get more on drilling dow into the specifics of who your demographics are and how they behave. Yay “.gov”’s!

2. Break your target market into segments.

Think of segments as buckets that are full of different “people who...”. If your product/service is for small businesses then you should break them out into “small businesses who....have a physical location, have under 10 employees, need a business plan, etc.” That will help you as you are trying to quantify your market and your market’s behavior over time. Get specific and deliberate about who you are serving and it will help you make the most out of your time, money and emotional resilience in your business. Remember, tastes and expectations are always changing and they might change in different sizes, rates, or scopes.

3. Figure out what the experts are saying about the future of economic activity.

Yes, this step is about making your way through some economic data but I have a link that will make it manageable for you. This article from Kiplinger is a good place to start because it hits all the major economic indicators and offers links back to their sources so you can continue to dig around. Market and economic outlooks are important because they will give you some insight into the future of your customers needs, confidence, and spending. All very important information when you are trying to compete to get their discretionary dollar’s attention as economic conditions ebb and flow. Here’s the link back to the article: http://www.kiplinger.com/tool/business/T019-S000-kiplinger-s-economic-outlooks/

Most of the businesses I run into don’t give this type of thinking and planning enough attention because they believe they are too small to be affected by their “market”. Please don’t make the same mistakes. You are making decisions in your business everyday and the quality of those decisions are a direct impact of the information you use.

Stop winging it, stop wasting time, and start spending more time getting to know your customers/industry.

There Is No Such Thing As Sustainble Competitive Advantage

There’s no such thing as sustainable competitive advantage. If anyone tries to sell you that as part of their “consulting package”, you can tell them to knock it off. Differentiation tends to lose its edge over time. 

Competitive advantage by its very definition is a fleeting notion - it’s something you are always going to have to work towards.

The reason?

It’s because people’s tastes, expectations, values change over time. In your business you have to constantly be working towards satisfying the needs of your clients and customers to be successful. No secret there. At the same time though you have to be thinking about ways to continue to create that awesome value while keeping your own overhead and expenses as lean as possible. Again, no soul shattering revelations.

Growing a successful business means you are taking specific actions to deliver specific value. Figuring out or planning for your competitive advantage will in no way, shape, or form guarantee your business’ success.

This post isn’t about finding competitive advantage. It’s about figuring out how to create consistent value for your customers and clients once you recognize it. It’s about creating a repeatable business model.

The quickest way to get your business to grow is to create repeatable systems that will deliver the most value you can and make sure you can do it over and over again.

You’re looking for your “Big Mac”. Seriously. Anywhere in the US you can walk into a McDonald’s, order a “Big Mac” and have your expectations on that product/experience be met. Why? Because McDonald’s makes it the exact same way every time.

You want that! Innovation and disruption are great and absolutely have a place in your business. (It’s even in my business’ name.) But in order to grow your business and to give yourself the room you need to actually test out ideas, products or services you need to record lots and lots of tries. How can you know which changes helped to grow your business when you changed lots of stuff at the same time. Better still, you are changing something on a weekly basis.

I love the Lean Startup model but there is a piece of it I don’t really agree with. The potential customer interviews. Asking people what they want and discovering what they really want are two very different things. You won’t know what people do or don’t want until you ask them to put their debit/credit card information on the line. Here’s how you can work on creating a repeatable business model.

The best advice I can give, in terms of a repeatable business model, is the same advice I give to my clients looking to iterate, pivot or adapt their business. It’s actually a set of questions I want you to give some honest thought to:

1. Do you have a system that tracks the entire customer cycle?

2. Are you using that system every single time you in front of a customer?

3. How big is your market and how many times have you used that system?

4. Are you solving a relevant and specific problem? (Benefits (NOT features) > Costs)

5. Is your value being clearly communicated?

6. Are you changing one thing at a time?

7. How are you measuring success at each stage of your system?

8. Are you following up and asking “why” with your customers after they buy and even when they don’t?

If you don’t have clearly defined and measured answers to any of these questions don’t innovate, disrupt, adapt, or pivot.

You need more data!

Figure out what a fair amount of tries are and work from there. Changing your website every day because your products didn’t sell that day is probably not a fair amount of time to test your copy. Before you go changing everything start trying to isolate possible weak spots in your system and change one major variable at a time. This is how you test your market to see if what you’ve changed resonates better and creates more engagement.

Don’t rush to innovate or pivot. It’s time, money, and emotional energy that you can’t get back and that you probably won’t take the time to measure. Instead focus on the boring - the system. With enough tries you’ll start to see patterns in your business. Patterns with variables you can start to manipulate with intention. That’s the secret to getting the best return on your business.

It also helps to keep you from going crazy. Which, I guess is a good thing too.

How do you handle the impulse to constantly innovate, adapt, pivot, or disrupt? Is there a method to your madness? I’d love to see your system in the comments below.