If we are to achieve truly great things in life and business we need to back winners. Usually though the outcome of doing so is unknown. That’s risk.
Territorial craziness
Over one year ago I wrote a post about the folly of implementing territorial rights restrictions in the age of digital content. It was written in the context of Barnes & Noble’s iPhone app and not being able to buy content due to not having a North American credit card at the time.
Now publishers are whining about the ease with with the Kindle’s territorial restrictions can be circumvented.
I understand the publisher’s perspective. Territoriality adds billions of dollars of value to their businesses. But is it good for consumers? No. Will there be consumer backlash if territoriality is maintained (as was the case in the recorded music biz)? Yes. Should publishers remove territorial restrictions and open their content to the world? Absolutely. Will this hurt and require significant restructuring? Yes. Will their businesses be better off in the medium-term. Guaranteed.
With our thoughts we create the world
Seth Godin made an interesting point in a post about whining, where he wrote:
… whining is a reverse placebo. When you get good at whining, you start noticing evidence that makes your whining more true. So you amplify that and immerse yourself in it, thus creating more evidence, more stuff worth complaining about.
Indeed, that on which focus becomes our reality. If we focus on the positive in our circumstance (I prefer to view it as accepting our circumstances, rather than the ‘positive’) then our energies move in that direction. If we focus on the ‘negative’, ipso facto our energies move there.
The Buddha said something like:
All that we are is the result of what we have thought. If a man speaks or acts with an evil thought, pain follows him. If a man speaks or acts with a pure thought, happiness follows him, like a shadow that never leaves him.
Or more simply:
With our thoughts, we make the world.
I’m not a Buddhist as such but I believe those words to be a fundamental truth.
In business and our personal lives we frequently face challenges. How we construct our view of those circumstances invariably affects our life path.
My biz, Red Hill Publishing, recently moved through a difficult phase in our growth. We sought professional assistance from outside the business (check out Shirlaws), focused on that which we could change, stopped putting energy into that which we couldn’t and the results over the past month or so have been staggering.
So, where’s your focus?
The path of least resistance
Mark Cuban blogged today about TV, particularly what/how Google and Apple should move their TV aspirations forward. He wrote something particularly interesting:
TV is the path of least resistance alternative to doing nothing. When you do nothing. Time passes too slowly. When you are doing something, even something that barely requires consciousness, like watching TV, there is the chance that time will go by more quickly. We look for the path of least resistance to passing time whenever we are bored.
TV is the best cure for boredom. That is what makes TV so popular.
I sometimes wonder how those incredibly productive people do all that they do. You know the type: multilingual actor, exhibited photographer, successful businessperson, et cetera.
I expect they fill their lives with the things that help them achieve their success. There’s also a better than even chance they don’t watch much TV, play games on the net, or spend time on Facebook; all the things that keep us from being bored but don’t actually lead to productive lives.
Perfection is not what you think
To most people in Western society perfection means flawlessness. Free from mistakes. Zero errors.
Do you know anyone who never makes mistakes? I don’t, myself included. So if we all make mistakes then perfection must include allowance for this.
Permit the mistakes that arise in your life. Learn from them.
Of course, try to prevent exactly the same mistake occurring in the same or similar circumstances in the future, but don’t pretend you can remove errors completely from your life.
You, your business and personal relationships will be a lot healthier for your new found perfection.
Will book retailers get what they truly deserve?
Our sales department received another call this week from a customer saying they couldn’t buy one of our books from several very well known national retailers here in Australia.
The fact is that we list all our titles in the major databases accessed by retailers. The only reason any retailer wouldn’t order our books is that it is ‘too much hassle’ to order a single unit.
At the end of the day we fulfil the customer’s order in-house, our authors retain almost 100% of the RRP (we’re an author-retained rights publisher) and we earn a slightly larger royalty. We’re all happy.
Except the customer, who when told the retailer could have ordered the book but chose not too usually seems less than impressed. It’s not difficult to imagine how that customer when next searching for a book might use the internet rather than their local retailer to make the order.
There will be no sympathy from the general book buying public when retailers start going bust, as some will, simply because the retailers do not treat their customers with anywhere near enough respect.
And then there is retailer attitudes toward their suppliers … but that’s for another day.
Godin on experience
Collapsing empire
I never thought I’d see the fall of an empire in my lifetime, but it seems Wall Street has done what decades of cold war animosity and overt military conflict couldn’t. The United States is losing it’s global influence, and power is shifting (very) slowing but inexorably to China and other rising States.
If you’re wondering what a collapsing empire looks like and don’t have the time or inclination to take a masters in geopolitical history, this short article from Glenn Greenwald may answer some questions.
Books v. Music: retail smackdown
Will the the fate of recorded music retail also befall booksellers? If history is any measure the likelihood of the book biz rebuffing the impending digital onslaught are slim.
Yet, and notwithstanding that many booksellers ignorantly believe ‘books are not music’, book retailers have access to technology that their music industry counterparts could only have dreamed of.
I’m talking specifically about location based social networking. The ability to interact with one’s customers through services such as foursquare present gigantic advantages to booksellers not enjoyed by recorded music retailers.
But given that most booksellers don’t get even the most basic aspects of customer service right, I don’t hold much hope for them picking up on the latest tech trends.








