“I have come to the conclusion that network effects are the
most profound idea I have encountered in my entire career.” - Scott Cook
Creating A Profound Life
Scott Cook cofounded tax software giant Intuit more than
thirty years ago, when Silicon Valley entrepreneurship was just getting
started. When it comes to business and
technology, one could say he’s seen it all.
Luckily, he’s hardly shy about his views regarding business so it’s
possible to learn a lot from him. But,
you say, I’m not an owner of a technology business! I just go about living a simple life just
like the vast majority of people. What could
business experience and knowledge do give my life more depth and meaning? How could it help me love a profound life?
“I have come to the conclusion that network effects are the
most profound idea I have encountered in my entire career.” Scott Cook said of his experience during the
early battle between online giants such as eBay, Yahoo and Amazon for ecommerce
supremacy.
Speaking of this profound idea, he said, “Content has been a
curse. It causes you to think you can
make what’s going to delight customers.
It causes you to ignore user contributions. It causes you to focus on your own content
rather than on how to get the best content in the world – content anyone can
make.” And, here are some thoughts as to
how this profound idea can be used to create a profound life.
First, imagine that you constantly run in to people who are
smarter, better looking and more athletic than you are. It doesn’t seem as if you could ever be as
successful in life as they are. But, you
can! Simply look for opportunities to
network with other people. Surrounding
yourself with quality people will allow you to learn from them and become more
than you could ever be alone. The
strength of a well-crafted personal network will almost always overwhelm the
strength of a single individual. It’s
not who you are today that matters. What
matters is your desire and ability to increase, and learn from, your
connections with others.
Second. One of the
biggest challenges in life is keeping up with a rapidly changing world. Conventional wisdom says that we need to work
much harder just to keep up and not drown in change. But network effects, surrounding yourself
with quality people, will allow you to relax and move forward with collective
knowledge. This will give you a better
chance of effectively dealing with continuous change and personal mistakes.
Third. You can create
your own network of helpful people. It’s
tempting to fall into the trap of believing that connecting with people
controlled by nature, the result of the neighborhood, town or state you were
born in, that you have little control over the creation of a network. But you do!
Today’s world offers astounding opportunity.
Years ago, I wanted to grow Kentucky Coffee trees from seed,
but I could never get them to germinate!
Finally, in frustration, I got on the internet to search for
information. While searching, I came
across a Kentucky Coffee Tree Expert at a university in the Southeastern United
States. I reached out to him for help
and was stunned when he responded personally!
He graciously gave time and effort that allowed me to germinate more
than one dozen seeds.
Imagine the amazing network you can create by focusing on
your areas of interest! People like to
offer their help and knowledge to others.
Let them help you! Luckily, most
people are hardly shy about sharing their life views and expertise, so it’s possible
to learn a lot from them.
But, you say, I’m not the smartest, most attractive or most
athletic person on the planet! I just go about living a simple life just like
the vast majority of people. How could I
ever live a profound life? What could I do to give my life more depth and meaning
Focus on using the profound idea of Network Effects!
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