Monday, February 28, 2011

Wishing to change the Past

One way to be sure your wasting your life is to spend it wishing you could change the past.

Wednesday, February 23, 2011

The New Business Model for News

In Googled by Ken Auletta, he shows that the news paper model is defunct and going away. But he didn't give us the new model.
I'll now lay out a new model. But first let’s do an overview.

1. Quality News is highly in demand. A democracy must have well informed citizens, thus to have a continued happy country, News is still crucial, required and highly desired.

2. High quality reporting is an expensive undertaking: traveling, equipment, research, fact checking, smart insightful reporters.


What other products are in demand and expensive and business models are changing due to technology? The three big ones are Movies, Music, Books.

These four products never faced any situation like this today.

All four of these products are intellectual property type products. Meaning unlike a car, they can be easily stolen, copied and shared with the entire internet for free.

How have the other three managed this new world of electronic copies?
1. Movies files are large and hard to move around and deep fines are inflicted upon those who steal it. The customer who wants to avoid fines has an easy alternative. Movies are cheap and easy to access via Video on Demand services once the movie is released to DVD.
2. Music files are small and easy to move around, thus sprouted Napster and other files sharing services. But now that iTunes makes it so easy to get the music you want quickly, there’s no reason to deal with viruses and other issues around illegal downloading. Because people can choose to buy just a single, musicians need to step up their work to ensure all their songs are high quality.
3. Books are now available in electronic versions with Amazon and the Kindle way a head. But libraries now offer the ability for patrons to download their library books temporarily. Buying an eBook is so easy and inexpensive that no one has any reasons to steal one.

After checking out a few different models, we see that the key to keeping people from stealing copies of your content is to:
1. Make it easy to get
2. Make it inexpensive
3. Make it high quality/unique/valuable
Now I'll propose a model:
1. Have a subscription based model and a single time payer model
2. All the subscription to be accessed anyway the customer wishes: App, web, hardcopy (if available), audio

The model that I've seen is The Economist. Of course they have their print version which I've been getting for 3 years, then they added an audio version which I've been enjoying for a year, then I just got the App for my iPAD. It’s absolutely awesome. I can listen to the audio inside the pages of the magazine. They have beautiful photos. I think this model will really get folks excited and support the continued high quality news coverage that we all require. I pay about $2.19 per issue, which is a great deal. I have one account which lets me have access to all formats.

I'll keep looking for more models that work for me. Please feel free to post your own ideas too.

Thursday, February 17, 2011

Almost practically radical

Almost does count in business books. William C. Taylor's new book, Practically Radical, compiles a list of case studies on how companies innovate. He goes thru themes like how company executives study their company's roots to rediscover it's original purpose to reinvigorate it's profits. The problem I found is this book rehashes bunch of other books I've read including, Delivering Happiness, Outliers, Drive, Seth Godin's books + more. This might mean you can just read this book instead of those, but for me I was let down while looking for new insights. There were a few cases that I hadn't heard before, and those made the book almost worth reading.

Your world is Googled

The impact of Google on our world is huge, but how huge? In this excellently researched book,
Auletta, thoroughly lays out the impacts of google on traditional media.

The real value in this book is the consolidation of all the news that we hear over the years, but never piece together to get the full picture.

Ken interviewed hundreds of both google and old media executives. He shows how Schmidt changes his own views over the years on business models for media. Page and Brim also worry about Hollywood gossip placing higher on google news than serious news. The world is influx. Auletta lays out a clear case for a new business model which will allow hybrid media with high quality news reporting which pays the expenses incurred while doing such reporting. But if your looking for the answers, read this first then keep looking and thinking, because the answer isnt here.

Stress and Waking up in the middle of the night

Today, I had lunch at an outdoor cafe with some of my Toastmaster colleagues. After talking about the Oscar nominated movies, one of my colleagues mentioned that he is waking up in the middle of the night at 3am and not being able to fall asleep till 6am. I used to also wake up in the middle of the night. We both have and had thoughts racing through our minds: the worries of work, family, responsibilities, money, and health. Our bodies are reacting to stress in our minds.

It’s a very interesting phenomenon. We are one unit, mind and body. My dentist often complains that I am grinding my teeth down during my sleep.

Change = stress. Life is always going to be full of change.

So how do we get control of it?

Easy, just stop doing everything your doing!

Ok, so maybe that’s not an option.

Things going wrong happen. Things are going to change. The idea is to accept these changes. Say, "I am on this path because God put me here. These open doors or closed doors are there because God has a plan."

There’s no mistakes. You can't see it all now, but you will one day or at least in the afterlife.

Try this and see if it helps, if not, try quitting caffeine ;)

Wednesday, February 2, 2011

Joseph Miller died today

Today at 1:30am Joseph Miller died.
He dedicated the last few years of his life to helping others.
He focused on the best thing he knew for changing lives.
A proven way to increase the joy and personal achievement. But more than just personal goals, a way to reach out to the community. His focus was on Toastmasters clubs. He started over 70 in the last few years.

In case you don't know what Toastmasters is, its an international speaking organization. But it's also the reason I started this blog. One club meeting, our club members had to give a speech on the one thing they would change about the world. I racked my brain. I went thru dozens of ideas from birth control in the water to mandatory marriage counseling. Finally I realized what I really wanted is for everyone to be in the best job for them and that they would love it. And this this blog was born.

Toastmasters changes everyone who is serious about following the program. That's why Joseph Miller was so passionate about his mission to start clubs so others could discover the joy of communication, self confidence, and making an impact.

Thank you Joseph Miller. You will be missed, but your legacy continues.

Tuesday, February 1, 2011

Is your Comfort Zone hiding opportunity from you?

One of my favorite books on presenting is by Tony Jeary called Life is a Series of Presentations. I just found an article written by him. Tony wrote the following:

"The people who have trouble recognizing opportunity are most likely the same people who are unwilling to leave their comfort zones.  What is a comfort zone?  First and foremost it is a mental state in which people lose the momentum to pursue a vision because they have accepted where they are as the best they need to be or do. Identifying and capturing new opportunities always requires strategic change and the nature of strategic change always disrupts comfort zones.  That is why change is a big deal to people and is so difficult to achieve. The pain that accompanies change can be financial, physical, or emotional, but regardless of the type of discomfort created by change, recession and hard economic times demand that you embrace it if you intend to remain competitive and effective. "

To read more:
http://www.innovationtools.com/Articles/EnterpriseDetails.asp?a=391