Showing posts from September, 2012

Selling the Entrepreneurial Dream is not productive

There is a growing industry of consultants, incubators, accelerators, books and courses centered around the "dream" of being a successful entrepreneur. The reality is that most of the individuals or organizations making money in this space are useless. This is a sector of the economy that is unproductive and for the most part does not add economic value.  The resources that any country has can be put to use in a number of ways. If these resources are applied in a productive manner, economic growth will ensue. However, misapplying these resources can generate no growth or contraction for the economy. In a situation where young graduates are encouraged to innovate, to become entrepreneurs without the proper support, this is an un-productive use of resources.  These graduates might be better used in an existing organization (be it at a reduced rate of pay). Fueling this misappropriation of resources are a host of organizations, who make their livelihood by selling a dream,

The road not taken and the death of traditional retail

Fuel prices are increasing and they are unlikely to decrease in the near future. Time is valuable, in our fast paced lives it is a valuable commodity. Moreover, the amount of specialized products is also increasing and this trend is likely to continue. The true experience below illustrates why traditional retail is dying and why data overload and inaccuracy is also going to become ever more costly. We will all need to use technology in more productive ways and once implemented to maintain the data which is an integral part of digital technology. My grape vine arrived overnight in the post, ordered online and delivered by a courier company. The online instruction video insisted on planting quickly and using a "friendly" fungi applied to the roots, called "Mycorrhizal Fungi". I hopped into the car and headed down to the huge home superstore 7km from my house. Once there I headed for the gardening section and scoured the huge isle for the Fungi. There are hundr