Lesson on Focus from the Playground [video]

More Startups Fail Due to Lack of Execution Than Due to Competition. You know because when the startups exit, the original problems they were created to solve remain! Watch this video on how to focus and win your business future, and stop being distracted by spending all time studying your competitors, over doing what you need to do to win the wallets of your customers.

“I worked hard and did more than my supervisor asked me to do”, we always say. But did you do the specific task the supervisor asked you to get done? This is where the world becomes super-exciting because winning differs across many phases of our careers.

In the university, it could be passing an exam. At work, there is no clear exam, but there are metrics to ascertain who is adding value in the business. If you take the attitude of passing an exam to some jobs, you could fail.

Here, in the video, the young girl focused on the task and did not allow herself to be distracted. All her tactics focused on  getting the job done. In short, they centered around how to execute. On the other hand, her opponent got distracted, becoming more sophisticated in his playbook, but whatever he was doing did not actually help, and when he saw that he was losing, everything broke down!

Remember: what is the task at hand, and how do we get it done? FOCUS wins laurels in athletics, in markets and at work. As they say, if you focus on the goal, everything will propel you to it. But when you focus on the challenges which must be overcome to get to the goals, the challenges could distract you as solving them could become the “goals”, tripping you out of the real mission!

Comment on Feed

Comment: What’s the line between admitting that a problem cannot be solved yet or is currently too expensive to solve and lack of execution

My Response: Interestingly, you will discover that by trying to solve the market problem and speaking with your customers. There, you will see that your products are not meeting their needs. It does not come by focusing on what the competitor is doing. Sure, we need to pay attention to competition as that is part of the game. But we need to put more efforts on what we want to do first!

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