Different is better than better
Ep 76: How Are You Different? How Does the World See You?
Mr. Altucher added that he had a guest recently who said "you can't be 20 percent better" because people can't perceive the difference. The alternative is you have to be 10x better. People can tell the difference. But it is super expensive to do that.
"The answer is to not try to outdo the leader in your category, the trick is to create your own category," Ms. Hogshead said.
So what do you think? Would you rather try to compete with the top dog in your industry, or build on what makes you shine to create your own market?
As an example, listen to the story of The Posh Lawnmower Man:
âDo not seek to follow in the footsteps of the wise; seek what they sought.â - Matsuo Basho
- Jack Trout
"If you think you're the smartest person in the room, then you're probably in the wrong room."
"If you think you're the smartest person in the room, then you're probably in the wrong room."
- Jack Trout
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"If you think you're the smartest person in the room, then you're probably in the wrong room."