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August 31, 2006:
Why Small Business Has An Advantage Over Big Business
Interview with Seth Godin, author of Small is the New Big
www.sethgodin.com


Mike Carruthers:
What does it take to be successful? Well, in the business world the answer has changed recently - success used to mean being big.

Seth Godin:

Big factories, big ad budgets, a big approach to dominating the world - and what's happened in the last five or ten years is things have gotten turned upside-down. Now it's small that matters - treating people as individuals.

Marketing expert Seth Godin, author of the book Small is the New Big says consequently this is a very exciting time if you've ever considered starting your own small business - particularly on the Internet. Because today failing isn't what it used to be.

It used to be, it cost you a couple years of your life and a few million dollars to fail. Now you can fail in a matter of weeks, and when you fail no one notices. You know a business like Paypal (which was sold to Ebay) was started with one thing in mind and they failed at it and they completely changed the model of what they were doing after nine months and did something else and that worked. All of these things are about trying something new without killing yourself in the process - and if you do that often enough you're going to find what you're looking for.

What stops people more than anything is the fear of taking a risk.

One of the things that human beings get trapped in is they want to feel safe - and the problem with safe, safe is really risky. Playing it safe is the easiest way I know to get laid off. In fact doing risky things - things that feel risky - is the best way to succeed; it's in fact the safest thing to do.

You can link to Seth's website from ours: somethingyoushouldknow.net - I'm Mike Carruthers and that's Something You Should Know.

 
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