Monday, November 08, 2010

Constraints vs. Problems in the Business World

Seth Godin has a wonderful piece on Constraints vs Problems in the business world. The very summarized version is:

Constraints (like, say, not having $1,000,000 in the bank) are something you live with. Problems (like, say, helping people find the perfect movie to rent) are something you solve.

Knowing the difference is key.

The only thing I would add is that one way to be a successful entrepreneur is to recognize when a constraint has turned into a problem.

For example, Amazon Web Services make the constraint of not having access to massive amounts of computing hardware a problem solved with a little cash. Or, put another way, in the past you couldn't create a site on the scale of YouTube. Now you can.

Make sure you read Seth's original article. How he can say so much in a 140 words is beyond me.

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