Hi All,
Here’s my daily newsletter navigating the crossroads of business, growth, and life.
If you love this content (please share it), but also…
Check out my Podcast, connect with me on YouTube / Twitter, Subscribe to my weekly newsletter and Join our free slack community
Ever tried navigating a bustling city with a map from the 1980s? Turns out, the city is the same, but the map has changed.
John’s Coffee Shop, a bustling locale in New York, changed hands three times in a decade. On paper, every owner was a savvy entrepreneur. Yet, two of them failed, one succeeded wildly. The difference? Their perception of the territory.
Fact: Every business operates with models. Forecasts. Predictions. Templates. Maps. But, as Alfred Korzybski reminded us, "the map is not the territory."
John's first owner, a techie, automated everything. He trusted algorithms to dictate coffee preferences, manage inventory, and even select music. His map: technology-driven efficiency equals success.
The second owner went retro. Vintage furniture. Manual registers. A return to the "good old days." His map: people long for nostalgia.
The third, a young barista-turned-owner, constantly interacted with customers. She tweaked the menu based on conversations, adjusted seating arrangements from observations, and kept a flexible approach. Her map: listen, adapt, and evolve.
Two static maps. One dynamic terrain. Guess who thrived?
Our businesses, like cities, are dynamic, ever-changing. But we, time and again, clutch outdated maps thinking they'll guide us.
Tesla didn’t dominate by following the traditional auto industry's map. They redrew it.
Netflix didn’t rise by mimicking Blockbuster. They envisioned a new landscape.
Yet, countless businesses cling to their maps. After all, it's reassuring to follow a blueprint. But what if that blueprint is outdated or just plain wrong?
Consider the Titanic. Best nautical map of its time. Top-notch navigation tools. But, it wasn’t the map that failed; it was the iceberg not on it. A dynamic, unforeseen component of the territory.
So, how do we operate in a world where our business maps might be leading us astray?
Embrace Uncertainty: Every map has blind spots. Anticipate them.
Stay Curious: The world changes. Regularly revisit and revise your maps.
Interact with the Terrain: Get out there. Feel the ground. Talk to people. Real-time feedback trumps theoretical models.
Remember Blockbuster’s decline? They had a map. A good one. But when the terrain changed with the rise of digital streaming, their map became obsolete.
Conversely, Apple, under Jobs, was known to pivot on a dime. iPod's success? iPhone’s creation? Responses to a changing territory.
Lastly, a nod to Nassim Taleb, the author who’s talked extensively about "Black Swan" events. Events so rare, so unpredictable, they’re not on anyone’s map. Yet, they shape terrains. Businesses that thrive, Taleb argues, aren’t those with the best maps, but those most adaptable when off the map.
So, as you chart your business journey, remember:
Your map is a guide, not gospel. The real magic happens when you dare to traverse the unmapped, the unpredictable, the unknown.
Because in the end, it's not about having the best map, but being the best explorer.