03 Apr 10 Innovation or improvement?
What is the biggest nightmare that an entrepreneur has every night when he goes to sleep—fear of failure, fear of not having enough funds, fear of dying hungry, or what?
It is fear of getting the idea stolen. Yes, fear of idea theft is what keep entrepreneur awake at night. These days no one much care about the capital as much as one care about idea, because the latter is scarcer than the former. And our economy is based on nothing but breakthrough idea.
Do it better or do it different?
These are the two different aspects of a coin. “Doing it better” will fetch us incremental benefits, but “doing it different” will lead us to entirely new future.
“Doing it better” is what developing and undeveloped countries are after, and “doing it different” is the goal that entrepreneurs in a developed country chase. That is why major breakthroughs come from developed country.
You can say that “doing it better” will at best get incremental technology; for example, a more energy-efficient air conditioner, better soap, good shoe at less price, etc. But “doing it different” will get us disruptive technology—the technology that ends the previous ones while giving birth to entirely new industry. For example, instead of making better typewriters and calculators, computer was invented; instead of making faster and faster main frame computers, PC was invented.
All innovations are disruptive in nature, and it is the innovation that keeps the ball in the developed economy rolling.
Which one is better?
Both.
Both of them have different use in our lives, and both of them are important. There are times when we need a better product, and there are times when we need a new solution to the same problem.
Innovation is important, but so is improvement.
Tags: Breakthrough Idea, Calculators, Chase, Developed Country, Disruptive Technology, Economy, Energy Efficient Air Conditioner, Entrepreneur, Fear Of Failure, Frame Computers, Giving Birth, Innovation, Innovations, Main Frame, New Solution, Nightmare, Sleep, Soap, Typewriters, Undeveloped Countries
23 Oct 09 Alternate Income Source for Freelance Writer
I write because I love writing, and I suppose you also feel the same. Writing is not like producing soap that you can do even when you do not want to. This is where writing is different from doing any other thing. But what if you are not satisfied with the income you get from writing? What if you want to increase your income because you need more money?
Should you leave your freelance writing that you enjoy so much and take some regular and more paying job? Or should you look for alternative source of income?
What you will choose from the given options depends on what is your priority. For me, the choice is simple. I would go for developing the alternative source of income. And I believe most of the readers of this post will want to do the same. Therefore, I will be talking about alternative source of income that you could develop to increase your income.
- You can start an AdSense or any advertisement supported website.
- You can write an e-book.
- You can start a coaching program.
- Become a corporate blogging consultant.
- Create a team of writer and get bulk content done.
- Become a content consultant
Your options are not limited to these. You can do many more things while continuing your freelance writing.
Tags: Adsense, Advertisement, Content Consultant, e book, Freelance Writer, Freelance Writing, Income Source, Job, Money, Priority, Soap
