It daunted on me why so many business fails. Coming from my mobile app business experience, I realized that in order to succeed in business, I need to find and serve successful people and business. That means businesses that are making money and want to improve upon their success. It has nothing to do with supply and demand, and all that economic theory bullshit. It’s all about personality trait. Successful people all have a common trait, they are all competitive and have an innate need to succeed and they enjoy the process.
Successful people and business owners also value their time more than gold. And they understand value. It means if your products or services make me more money than I paid for, you are gold. They are into making more money rather than pinching pennies.
Don’t get me wrong. They are prudent with their money and that’s exactly why they don’t waste time on pinching pennies.
I always shake my head (at least in my mind) when I see people driving around the block wasting time to find a free parking instead of paying for one or valet.
It’s strange that people willingly drive around for 30 minutes to find a free parking to save $2, but when I ask them “Would you drive your car around the block for 30 minute if I pay you $2?” Everybody thinks I am crazy. This is how crazy it is.