“Work smart not hard. If all you do is work hard making incremental improvements you are just like a hamster running in a wheel and never really getting anywhere… Far too many people think entrepreneurship is like an attendance award, where you can win just by showing up.”
(Sorry for the Markus Frind overload, moving future Frindisms to my twitter).
It's definitely better to work smart than hard... But actually the game is pretty much won with 'incremental improvements'.
As Entrepreneurs Incremental improvements matter because resources are skinny and creativity is what wins. Entrepreneurs can't win with resources, and creativity is usually about the accumulation of many small things. Which amount to something special. So I'd have to say - this is one of the worst quotes and entrepreneur could ever take advice from.
Posted by: Steve Sammartino | Jan 26, 2009 1:42:55 PM
Well, given how well this method has worked for Markus, I'd be hesitant to disregard it too quickly. How well has your method worked for you?
Posted by: Carson McComas | Jan 26, 2009 1:59:21 PM
The 'hampster analogy' is the inaccurate component of his viewpoint on success. A hampster doesn't make any progress - it remains stationary while working.
Incremental improvements as the word 'incremental' is defined - means we are going forward. Improving from a current state:
I don't care what Marcus has achieved. I care about what works on average - and for every big win, there are 999 big losses. I'd go for a sure thing over a long period of time any day.
My success? - A run the biggest rental portal in Australia - www.rentoid.com and possibly the world. I am well off enough never to have to work another day in my life - due to 'incremental' investing for 15 years. And my blog has 30,000 readers a month. www.startupblog.wordpress.com
Just google me.
Posted by: Steve Sammartino | Jan 26, 2009 4:25:14 PM
Hi Steve - it looks like your method has worked for you very well. Congratulations, and thanks for sharing your viewpoint.
Posted by: Carson McComas | Jan 26, 2009 4:41:14 PM