" Building a moat: it takes time to digg the moat, but once established, it is nearly impossible to destroy." Steve Pavlina
The easiest way to think of a moat is the word advantage. Steve continue in a blog post:
" If you stick to your chosen field long enough, it gets harder to fail with each passing year:
1. More people will be aware of your existence than when you first started.
2. You'll have a bigger toolbox of strategies.
3. You'll have more clients and customers.
4. Your skills will increase.
5. You'll have more chances for fortunate opportunities to land on your plate.
6. And you'll be committing against people with increasingly less experience than you have, relatively speaking."
I added the numbers for emphasis. This quote wonderfully illustrates the benefits of sticking with something for a long time. The advantages seem to outweigh the disadvantages.
Having worked in several industries I can tell you that the only disadvantage I can site is that you will be pigeonholed as that industry guy. When I left steel to go to academia I was asked why I wanted to do this.
When I left academia to go into consulting and running a business I was asked why I wanted to leave academia. When I left consulting and teaching to go back to industry I was asked why?
My moat is creative solution to problems.
To me industry is not important. Academia is not important. What is important is the application of creativity to solving problems.
Today's question is:
" What is your moat?"
The easiest way to think of a moat is the word advantage. Steve continue in a blog post:
" If you stick to your chosen field long enough, it gets harder to fail with each passing year:
1. More people will be aware of your existence than when you first started.
2. You'll have a bigger toolbox of strategies.
3. You'll have more clients and customers.
4. Your skills will increase.
5. You'll have more chances for fortunate opportunities to land on your plate.
6. And you'll be committing against people with increasingly less experience than you have, relatively speaking."
I added the numbers for emphasis. This quote wonderfully illustrates the benefits of sticking with something for a long time. The advantages seem to outweigh the disadvantages.
Having worked in several industries I can tell you that the only disadvantage I can site is that you will be pigeonholed as that industry guy. When I left steel to go to academia I was asked why I wanted to do this.
When I left academia to go into consulting and running a business I was asked why I wanted to leave academia. When I left consulting and teaching to go back to industry I was asked why?
My moat is creative solution to problems.
To me industry is not important. Academia is not important. What is important is the application of creativity to solving problems.
Today's question is:
" What is your moat?"
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