The Permanent Venture

 

How Big Is Your Market Share?

For nearly 60 years the Swiss dominated world markets in watch-making during the 20th Century. And in case you didn't know, they introduced the minute hand and the second hand. They invented better ways to manufacture bearings, mainsprings and gears. Swiss watches were the first in waterproofing techniques and they introduced the first self-winding models.

Setting the standard for fine watch-making over all those years, the Swiss were committed to constant improvement of their product. This commitment rewarded them and by the mid 1960s, they manufactured and sold 65% of all watches worldwide... now that's a remarkable market share, wouldn't you agree?

Yet a mere 20 years later their market share dropped to 20% and watchmakers by the millions lost their jobs. Why? So proud of the way they traditionally designed watches, they refused to utilize the "cheap" but more accurate Quartz crystal. And they might have looked upon digital watch faces with utter contempt.

For Japan, this was a slam dunk!

The Internet and Home Business is not very different -- except the pace here is at the speed of thought. We must accept new ideas daily and try new software that will improve our way of doing business. By reading every piece of free Internet information you can get your hands on you will keep up with the competition. But is that enough?

Experiment with new attitudes to improve your skills. I am a firm believer that you can teach yourself anything if you want to learn it badly enough. Grow, evolve, adapt and prosper with a program or service that you believe in. Aim for perfection, but settle for excellence.

And if spot an opening for a slam dunk --- take it!

© 2004 Esther Smith


About the Author:  Smith has published numerous articles and writes a blog for all artists: http://the-self-taught-artist.com/blog.html She also coaches new students on how to leave the time-for-money trap and set up Leveraged Income for life.  http://thepermanentventure.com/dcc.htm   If you can’t sing or ride a bull, you better learn how to make your money work for more money.
 

The Permanent Venture
This Page Last Modified on February 26, 2007 23:08