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Gary Vaynerchuk - My CNBC Power Lunch appearance
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It's a tool. This game is another tool. Jim Lauderback said it best at the keynote at the New Media Expo. When radio came out, it didn't make newspapers go away. When TV came out, it didn't make radio go away. Old media, doesn't go away, it evolves until it is completely overtaken but it takes generations.
The Facebooks/Twitters of the world are tools that are used as vehicles right now. I think too many businesses are thinking about the TOOLS and not the PRODUCTS that their trying to promote. Fricken' paralysis by analysis. I'm tired of it...aren't you?
Every time I open Inc magazine, I'm surprised at how many businesses are crushing it outside of the "latest & greatest" realm.
-Michael
Great piece of advice there. Indeed to many concentrate on what the future might get them and try to prepare for that moment instead of just using what the present has to offer. I think this happens because in some way it's much more easy to hope for something that may happen then developing an eye for what's already happening and could become the next big thing.
The few that manage to spot different patterns in the present are the ones that will be able to launch successful businesses now. Those who base their business decisions only on what the future will bring will probably lose.
But also we have to give credit to thinking of what future might be and how my business could be influenced. I think that if you think about the future you have to be careful not to miss the real effect that is gonna have over you.
Thanks,
TomaBonciu on Twitter
I've been harping on a couple of publishing companies about this with the way their looking at producing and handling eBooks.
But you're right on the money about taking what's new and making the most out of it.
Nice... lol...
Love the energy! keep it comin!
David
great vid
Thanks for the post. As an intern for under30ceo.com, this is a valuable message for young entrepreneurs. I agree that predicting the future is essentially impossible to do. Nonetheless, being ready at all times and able to adapt to the future and changes, are vital for businesses. As you said, think fast with reactionary business. Furthermore, I think businesses sometimes are too concerned about the future and lose track of the present.
Keep up the great work.
love your perspective on things!
cheers :)
Cheers
Andy
I've seen this mentality first hand and it's hurt a lot of businesses and their bottom line. Being up on the game and staying innovative is seemingly a lost art but those who are able to execute it well and align their business with their foresight, are able to jump over the competition - who remain reactive.
Thanks for the thoughts, man.
But don't be a slave to your world view. Try lots of stuff, keep what works, throw out what doesn't, and UPDATE your vision at least quarterly.
jim
It's impossible to predict the future, but by being proactive and exploring, you increase your chances of leading the conversation.Being in he trenches is an opportunity to gather information and create something useful, whether its a product or service.
I've worked with many people that are always worried about being the first one there, and not worried about being really good at it.
Excellent!
Gotta have a vision, and also, be willing to be different than everyone else.
TOO much of the same happening out there - NOT good.
Different is better, then again, BETTER is Better :)
--z--
I'm totally with you. A lot of photographers are so stuck in the old film days and don't even get things like twitter and facebook.
It's a new world people!
For example, facebook/twitter should be thinking about what is the future of social networks. Wine retailers should be thinking about what new wines do I need to bring in next season.
Essentially, if it is your core business, you need to be thinking atleast a couple of years ahead, but if it is a marketing tool, say twitter for a customer support, etc, you can let others bother about what needs to be the future, and worry about how you will use it today.
People really are too busy trying to predict what's coming next when really what it boils down to is execution. You've gotta execute what your passionate about like Gary says. If you want a sports analogy--it's not about trick plays, it's about using your existing playbook and executing those strategies. That's how you win.