What we want to do is to make a leapfrog product that is way superior to any mobile device has ever been, and super-easy to use. This is what iPhone is. OK? So, we’re going to reinvent the phone’
Steve Jobs
What do you deliver to the world? Who are your customers? How valuable is your product to the society? Is it something very valuable and unique? Can someone offer a product or service much superior in quality and more competitive than what you offer?
The answer to these questions will decide not only the future of your product, but also your own future!
Do you want to double or triple your income? It is very simple. Make your product or services double or triple as valuable! If you are offering a cheap product for a cheap price, you will have a lot of competitors. But if you develop a very costly product and sell at very high price to people who appreciate the same, you will have very few competitors! It is very easy to make the decision to reach this position, but very difficult to achieve the same.
If you want to know how to make great products from a simple idea, read the story of Star Bucks, Apple Computers, Disney Land, Honda, J K Rowling etc. You will understand how these people made it!
N C Sridharan
www.thetimefoundation.com
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