How To Use Uncertainty More Effectively In The Real World

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Progress daily in your own uncertainty. Live in awareness of the questions. – Bremer Acosta, Stoic Practice

Some people are very sure of their place in the world and what they are here to do.

Some of us are less certain.

Certainty is a form of faith – a belief that needs no proof and is just accepted as true.

Which makes it hard to tell whether that faith really is true or if it’s misplaced.

And that makes it uncertain.

You may experience a similar problem when you try and think about how to describe yourself.

Are you where you are right now?

Or are you where you are going?

For example, if you work in an office doing analytical work but you really want to be a musician and spend all your evenings and weekends working on that, are you an analyst or a musician?

The Uncertainty Principle talks about two things – where you are and where you’re going.

And the more you know about one the less you can be certain of the other.

In a quantum world anyway – in a physical sense.

In the real world, the physics stops being an issue but that doesn’t stop us moving the principle into our mental worlds.

I copied the picture above from a cartoon because it expresses the uncertainty in life pretty well.

We spend most of our days being uncertain.

Uncertain of what customers want, what our partners want and what our pets want.

In business, especially, a lot of work goes into trying to remove uncertainty by making work transactional.

Something transactional can be reduced to the simple act of exchanging something well defined for money – a commodity trade.

And there are good arguments for going that way.

Many markets are opaque, hard to understand and don’t have good information – making it possible for people to take fees for helping you out.

Any market like that is an opportunity for someone who has the ability to open things up by using information.

Of course, that doesn’t remove uncertainty – it just reduces it or, more importantly, reduces the impact it has on you.

Take shopping on Amazon or Ebay for example.

Do you expect to get the best price always?

Or do you stop looking when it appears that what you have is cheap looking at the other options on the screen in front of you?

So what does this mean for you and me – how can you use uncertainty strategically?

First, here’s the bad way.

Many people believe that the way to get ahead is to project an aura of certainty.

That’s a salesperson’s training.

Believe in the product, believe in yourself and the self-talk will make the world bend to your will.

If you’re pitching and someone finds a flaw in your argument plough on regardless – your certainty and determination will get people to buy into you.

The second approach, and perhaps the more strategic one, is to look at the future as a distribution of possibilities.

You are – you have to be uncertain of the outcome.

There’s no other way to exist and be honest about the way things are.

But what you can do is reduce uncertainty – and you do that by combining distributions.

If you’re not into the math that probably doesn’t make any sense but remember what Scott Adams said about why Dilbert, his cartoon series, took off.

He was an average writer, an average artist and knew an average amount about engineering.

A career in each of those fields has a fairly wide probability distribution and his chances of wild success would have been low.

But, when you combined the three, you ended up with a much narrower distribution – how many people write and draw a cartoon strip about engineers?

What he didn’t do was create a niche in writing – for example focusing on science fiction.

He created a category all to himself by combining three normally unrelated things.

And the mathematical term for what this results in is confidence – something that in the real world also works very well.

In a nutshell, making your pitch on your certainty is asking people to believe in you.

Making your pitch on confidence is showing people how you have narrowed the range of possible outcomes.

Which do you think has a better chance of succeeding?

Cheers,

Karthik Suresh

What Should You Think About Before Entering Into A Business Partnership?

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Friday, 6.29pm

Sheffield, U.K.

If you like a person you say ‘let’s go into business together.’ Man is a social animal after all, but such partnerships are fraught with danger. – Brian Tracy

Sooner or later there will come a time when you think of going into business with someone else.

What are the things you should think about before doing that?

There are two opposing viewpoints that are useful to consider at the start.

In one case you and a few others pool your capital and resources and start a business.

You’re all invested from the start – but how much of the business you get depends on the capital you put in.

In the simplest case the capital is the money you put in.

You are the owners – and that is that.

Everything that doesn’t depend on counting money gets complicated quickly.

At the other extreme if you’re a startup that wants to hire the best people out there but has no cash but promises growth you create an incentive plan.

One that is tax efficient and gives people a way to buy shares in the company – that is linked to how long they stay with you or how long you keep them.

And, predictably, there is an industry that has sprung up to advise you on the best way to do this.

Like most choices both work.

Sometimes.

Warren Buffett, for example, dislikes stock options.

He argues that the reason most companies use them is because of how they are treated by the tax collector – you don’t need to count them as an expense.

But if stock options aren’t a form of compensation, then what are they?

And if compensation is not an expense, then what is it?

And no one would argue that Buffett has built a sound business while holding that point of view.

The point of any form of compensation is that it is payment for a job well done.

If you want to be an owner in a business then start one, put your money into one or buy stocks in one.

But on the other hand you have companies like facebook and google that have made their employees rich and grown immensely large through the strategic use of such options.

So, what do you do?

Well, perhaps some maths will help.

Most startups will fail.

Some will prosper.

If you have a 10% chance of picking a startup that ends up with a very large valuation what do the numbers say?

Let’s say you get 10% of a company that is worth $1 million if it succeeds but nothing the other 90% of the time.

Your expected value is 10% x 1 million + 90% x 0 which is $100k.

Not bad?

Or the same as a salary with a side helping of worry and anticipation?

I think you’ll find when you look at it that the market will determine true value.

What you end up with is roughly the same as what you would get if you were paid for the job on average.

Yes there will be outliers but most of the time you’ll be in the middle of the pack.

The way to get a ten-bagger – to increase your return is to own your own business or buy into one that’s growing.

Which is why there is a story about a cranky old chap who never gave options – instead he gave his employees bonuses and told them they should by stock with their own money.

None of this probably helps you decide what to do because, quite frankly, there is no right answer.

Going into business with someone is like getting married.

And there’s an investment involved in getting married – you have to buy a ring – and the suggestion is that you should spend three months salary – a meaningful amount.

Perhaps that’s the test of a business relationship.

Are you willing to put in three months of salary into the business at a minimum?

If not, Then you shouldn’t even get started.

And then there is the business of being committed to the business.

This is not something you can do part time.

When you enter into a partnership with someone else that is a commitment – not something that you can simply do on the side.

Simply because things that are not central to you are the things that you drop first.

The business partnership that works the best is one where all parties bring money and commitment to the cause.

Everything else is a compromise.

And anything that involves compromise shouldn’t be started at all.

As someone said if it’s not a “Hell, yes!”, then it’s a no.

Cheers,

Karthik Suresh

Is This The Most Important Mental Model There Is?

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Thursday, 9.02pm

Sheffield, U.K.

There is no failure. Only feedback. – Robert Allen

I was driving along today when I found, rather to my surprise, that I was having an intense argument with myself.

Or, in any case, I was rehearsing one – for something that had been on the news a few days ago.

It turns out that there are species of insects going extinct at an alarming rate.

We don’t really think of insects that often – although we know they are important – more important than we are, in any case.

Someone said that if all the insects in the world died out, humanity would be gone soon after.

If, on the other hand, humanity died out, life on the planet would thrive.

Anyway, some chap on the radio said that throughout history species have died – that’s just normal and we should all stop making a fuss about these pesky insects.

At the time I paid no attention – but then today I realised that I had two reactions to that opinion – an emotional one and a rational one – that emerged while I argued with myself.

The emotional reaction was “That’s an incredibly stupid point of view.”

The rational reaction was, also, “That’s an incredibly stupid point of view.”

And it’s stupid for one simple and obvious reason.

Most species, when they go extinct, don’t have a say in the matter.

They die because their environment changes – land turns to desert, ice covers grass or an inconvenient meteor blocks out the sun for a year.

We’re different.

We know what’s going on.

And that makes a laissez faire attitude – one that simply stands by and says that’s just normal stupid.

It’s just as stupid as driving towards a tree and choosing not to stop.

Now, the point of this post isn’t to argue an environmental point.

You either already agree that people have a different level of responsibility for the planet we live on than the animals and other life forms that share it with us or you’re wrong.

It’s to ask whether the engineering model of feedback is the most important one there is.

Wherever you look inputs are transformed into outputs by a process.

Sand turns into glass, guesses turn into experiments and arguments turn into wrecked relationships.

Feedback takes place when the output from the process is fed back to modify the input so that the new output is closer to what we want it to be.

So, for example, you might create a new business because you think it’s a good idea.

It’s the actual sales numbers that, when fed back to you, will tell you whether you’re likely to succeed or fail.

Anything not based on the output is guesswork, opinion or wishful thinking.

So why don’t we use feedback – the real kind of feedback – that often?

One reason is that it’s hard to collect the data.

It’s much easier to hope that you’ll do well than take the trouble to interview a hundred potential customers to find out what they’re doing right now and the kind of jobs they need doing and seeing if what you have will do those jobs.

It’s also hard to remember to do things.

Like turning off the lights or setting the heating lower.

If you need to manually collect data and manually make changes you won’t do it for very long.

That’s where perhaps the best hope for humanity lies with machines that can manage vital feedback loops for us.

Like intelligent building control systems that monitor who is in the building and change temperatures as needed – like Nest does at home.

The harsh truth is that if we rely on humans to save insects that’s probably not going to happen.

We need to get the machines involved.

Machines and the control engineers who understand that feedback is everything.

Cheers,

Karthik Suresh

What Are The Keys To Making Lasting Changes In Your Life?

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Wednesday, 9.09pm

Sheffield, U.K.

Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself. – Rumi

Management has to be one of the most pointless activities out there.

Who would willingly become a manager?

Become someone who has to watch others doing work and try and get the best out of them?

After all, managing oneself is hard enough without being responsible for other people.

One of the worst ideas in management is that you can’t manage what you can’t measure.

Think of something – anything that is good in the world.

How many of them were “managed” into existence?

Trees? Animals? Your family? Art? Books? Jeans?

A seed doesn’t need to be managed into existence.

You don’t need to measure and report key performance indicators.

Given the right conditions it just grows.

Wouldn’t you rather find the right person that wants to do work you need to get done and let them get on with doing a good job?

Wouldn’t that be preferable to managing them?

Thinking of life or business like gardening rather than managing may be a good idea.

Your job becomes one of planting seeds and nurturing them, protecting them and letting them grow.

Or, if you’re trying to change, your job is to find the right seed – the right behaviour, approach or strategy that will make a difference.

Then you need to make it ridiculously easy to do – you need to think small.

Big things are too big to keep in your head – too big to fight.

It’s too easy to give up when you have a big challenge.

Like running a marathon when you haven’t jogged in twenty years.

You need to start with something smaller – like walking every day.

And when you change you’re going to fail or not see results as fast as you want.

You could say, “I’ve been training for two weeks but I’m not getting any faster.”

Using the word but stops you in your tracks.

There’s nowhere to go from there.

Or you could say, “I’ve been training for two weeks and I’m not getting any faster.”

Using the word “and” seems unfinished. It feels like the word “yet” is missing from the end of that sentence.

You aren’t faster yet.

But you will be.

As long as you keep showing up.

Thinking is hard work – if you want to change something you have to make it automatic, something you do without thinking.

And the easiest way to do that is put it on a schedule.

If you want to get fit, get your exercise times in the diary.

If you want to create art or write – set time aside every day to do it whether you feel like it or not.

Deadlines are just pressure – they don’t help.

Showing up is what matters.

And then, if you’re trying to change something there is always the risk of sliding back to your old ways.

And it’s easy to do this when you come across an old trigger – something that prompts you to do what you used to do.

For example, if you go shopping hungry you know you’re going to buy some chocolate.

So, watch out – and avoid being in that situation.

Then there are bright line rules – things that are very clear, where there is a yes or no answer.

These are good.

The classic here is dry January – where people decide not to drink all month after the merriment of the month before.

It might not last – but it’s a pretty clear rule.

The thing with change is it’s hard – really hard.

And there isn’t a way to do it without some pain and effort.

But there are ways to make it easier to change something – whether it’s a habit or a process.

But to make it last you need to do it in a way so it doesn’t need ongoing management – so it manages itself.

Because anything that needs to be managed will stop working as soon as that manager stops paying attention.

Cheers,

Karthik Suresh

Why Getting Out Of Your Own Way Is The Key To Creativity

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Wrong turns are as important as right turns. More important, sometimes. – Richard Bach

You should never ask someone what they want.

It’s a question you shouldn’t even ask yourself.

Why, you ask?

There are three reasons, wrote Watts S. Humphrey in one of his essays:

First, people find it hard to visualise a solution to their problems, especially if they aren’t professionals in building those kinds of solutions.

Second, they often know how to do their job but not why. So, all they can show you are their existing, often manual, ways of working.

And third, if you do have a solution it could change everything about how they work and mean thinking again about what problem they have.

That’s why most approaches that focus on problem solving end up solving the wrong problem.

It takes multiple attempts to get to something that actually works for you.

As a professional, you come at things from a different point of view.

You’ve seen people experience problems that you’ve solved before, so you know what they need – a very different thing from trying to make what they want.

But that only works when you’ve been there and done it before.

When its something new you’re at the same place as everyone else.

And that’s a place filled with insecurity and angst.

Angst because, if you’re like most people, you worry that this time you won’t succeed – you won’t get it right.

And that’s ok – it’s just something that you have to get past.

But you can only do that if you have a way – a strategy ready for when that happens.

One approach that has had almost no traction is called Literate Programming.

It’s not the easiest thing to explain – but in essence its inventor, the legendary Donald Knuth, said you should first think about what you’re trying to do in plain language and then express it in code.

From that point the whole concept starts going downhill rapidly.

In an attempt to avoid that particular section of slippery slope we should talk about bread.

How would you make a mechanical breadmaker?

You might start by learning how to make bread.

The first time I tried doing that, we were in Italy and I was bored, and making bread seemed like a good idea.

So, I had a go.

It was a fairly angst inducing experience, given that I was guessing that flour and water was involved and had no books or Internet.

I’d forgotten about yeast and a few other ingredients, and the resulting block in the oven felt and tasted like a house brick.

So, I did some research, got a little focused and ended up with an edible loaf.

And it seems to me that any creative endeavour and, let’s face it, everything we do can be creative, needs an approach that lets us explore problems rather than trying to solve them.

If you’re writing a book or a program it makes sense to start by thinking and writing about your hopes and fears and expectations of what the thing will do.

Then you can come back and refine your thoughts, focus your attention and come up with a plan.

The book or program should then almost write itself – the result emerging from the cocoon of thought you’ve built up around it.

It feels sometimes that people are too eager to get to the end – without checking if the end they get to is the one they need to reach.

A little thinking might help – but it’s hard work.

Mainly because we need to admit that we’re unsure and need to look around, ask questions and experience things before coming up with a solution.

But if we do that maybe the result we get will be the one we need.

Cheers,

Karthik Suresh

What Is The Most Useful Way To Think About Your Marketing Tactics?

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Monday, 9.14pm

Sheffield, U.K.

One gets paid only for strengths; one does not get paid for weaknesses. – Peter Drucker

I’ve been thinking about a particular business and its marketing strategy for a few weeks now.

If you’re running something today you’re probably trying to win new customers.

And that needs them to know who you are – for them to be aware of you.

It’s the first part of any marketing formula, after all.

It’s also the part that takes time and effort and no small amount of self confidence or, at least, the effort to overcome a lack of it.

What does good look like when it comes to modern marketing?

Well, you’re probably all over social media.

Perhaps you have a video blog.

Maybe a regular one as well.

And of course you can’t forget offline networking and groups and all that stuff as well.

Clearly, doing nothing or just one thing isn’t going to work.

Publishing one article or running one ad may, like a one-legged stool, let you sit for a while but you’ll always be off balance and making quite some effort to stay put.

Having a few is better – certainly in the sense of giving you some stability.

But the real benefits come from having a number of effective tactics in play, something Jay Abraham calls the Parthenon strategy.

The idea is simple – the more pillars you have supporting the growth of your business the more likely you are to grow and the less likely you are to suffer a setback you can’t recover from.

So that’s obvious, I suppose.

What’s less obvious is that selecting which pillars to erect is a crucial task.

And the way to get started is by reading.

LinkedIn, for example, has a useful guide on how to use the platform well.

And it reinforces the basics.

People do business with people so your profile needs to be credible and give a good first impression.

People buy from you because of your approach to solving their problems.

So share information that keeps them informed about what’s going on, and what good looks like for them.

None of this is stuff I do particularly well.

And, if you’re like me, the chances are that you’re slightly suspicious of people who do it too well.

What are the sayings that come to mind?

  • All hat and no cattle.
  • All mouth and no action
  • All fur coat and no knickers

and many others…

Someone who has a lot of time to spend on sales must have less time to spend on doing the work.

Or is that just bitter and cynical?

Maybe they’re focused on getting the right message to the right people and see that as just as important as working on their product.

And they would be right.

For those of us, however, with less shine and polish there’s nothing stopping us from improving a little bit at a time.

What we need to believe is that persistence pays off.

What did Coolidge say?

Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent.

The most dangerous thing is to think there’s some kind of silver bullet that will solve our problems.

But if we put the effort in day after day we should end up with a business built on marketing tactics that are solid and stable.

And perhaps even refined and polished.

Here’s hoping.

Cheers,

Karthik Suresh

Can We Get Past The Fear Of Losing Control Of Our Future?

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Sunday, 8.45pm

Sheffield, U.K.

I have a very strict gun control policy: if there’s a gun around, I want to be in control of it. – Clint Eastwood

I came across a piece of writing by a writer that I hadn’t read for a number of years titled Why Every Business Is A Software Business.

That writer was Watts S. Humphrey, who died in 2010, and was called The father of software quality,

I read his book on the Personal Software Process when on a work placement during my degree and the ideas in there stuck with me.

In particular the concept that you could catch more bugs by reading your code before trying to run it.

But in other ways his approach was hard to use.

But before we get to that it’s interesting to look at the idea of all businesses being software businesses and why that creates new problems as well.

The first thing is that everyone uses software to some extent.

Increasingly the thing that sets you apart is how you use the software you have.

Two companies, for example, could have Microsoft Excel but use them in very different ways.

What you’re trying to do is be unique in some way – be the only fish in your pond rather than a small one in a crowded one.

But that unique thing comes from having an asset – an oil well, a gold mine or, increasingly, software.

But what if you can’t develop that yourself – you haven’t got the skills or the team you need?

Should you outsource your requirements?

Humphrey argues that you shouldn’t – because you’ll lose control of what makes you unique – you hand your future over to someone else.

And that’s something that I’ve seen happen in a number of cases.

And that’s also what stops many people from investing in software – the fear that they’ll lose control over the core bit of their business – the thing that makes them unique in the first place.

Now, if you have money the answer is to hire someone and keep at the problem until you have something that works.

It may be rubbish to start with but eventually you’ll have something that works for you and maybe even something that you can sell to others.

So one of the issues to deal with is control.

The big thing for Humphrey, however, was quality.

And quality, in his view, was something that came from measurements and statistics and studying how you were doing.

And this is where I have some difficulty.

And that’s because while the output from software development might be lines of code the question for us is which lines matter.

We know that the more we write the more mistakes we make.

So it makes sense to write programs that are as short as possible.

Which means choosing higher level languages and writing programs that create programs – removing the possibility of error.

There’s also all that work that goes into intellectual effort – the angst, the self-doubt, the stuff that we might not want to measure precisely.

Plus measuring everything is very boring.

Maybe it needs automating.

None of that, of course, invalidates Humphrey’s views on how to create software – it’s just that making it too mechanistic doesn’t work for me.

But the control point has a very simple answer.

If you can write your own software then you’re in control anyway.

If you can’t and need to hire someone and you have the money then you’re fine as well.

But for all the people out there who need applications developing but can’t afford to get it wrong they should ask and developers should offer open source solutions.

That way, I pay you to write code and if we decide not to work together I can still take that code and develop it further.

Even better, if you can take something that’s already open sourced and use it you reduce risk even more.

It may seem paradoxical but in today’s world the way to be in control may come from being completely open.

Which seems contradictory – how can you be unique when everyone has access to what you have?

But thinking that way may be to confuse being unique and being in control.

When you’re in control the customer has to work with you because you control their future.

When you’re unique the customer wants to work with you because of who you are.

Because they can see a future where you two work together.

And that seems a nicer way to be.

Cheers,

Karthik Suresh

How To Escape The Lowest Common Denominator Problem In Business

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Friday, 9.44pm

Sheffield, U.K.

The thing that makes the thing is more interesting than the thing. – Casey Reas

I’ve been reminded today just why I dislike Microsoft tools quite so much.

I was trying to make something quite dry more interesting.

Let’s see what you think.

Say you want to buy something – oil, gold, bitcoin, shares – you’ll probably want to know what the prospects are for that thing.

So, you’ll look at its price history – that’s the blue line.

That tells you that prices sometimes go up and sometimes they go down – and most people stop there.

But you could, if you were so inclined, work out what prices could do after a particular day if they carried on acting the way they had so far.

What’s the high case and what’s the low case – within a certain level of confidence, of course, say 95%.

Still with me?

Now when the price actually starts moving past the day on which you did your analysis you could spot the point at which prices went below what was a normal range – suggesting that perhaps you should jump into the market and buy some of that thing.

Or not if it went the other way.

Anyway, like I said, not the most interesting thing in the world – forecasting financial time series.

So – perhaps animating this would make it more interesting.

After a couple of hours on Powerpoint – I was starting to regret the whole idea.

The problem is that most of the world runs on Microsoft tools – and while they help lots of people get things done they’re just not interesting.

What they give you is a pencil – but not a good one.

The kind of pencil you get in kids’ birthday bags, all colourful and smiley but with a harsh and gritty line.

But they’re cheap and so everyone gets one and gets on with using it.

And that’s what happens – millions of people using Excel and Powerpoint in business – and that’s just the way it is.

And if you want to fit in you need to do that as well.

It’s the lowest common denominator problem – the thing that unites everyone but it’s also not where excellence or greatness or anything interesting happens to be.

For that you need to look elsewhere.

Which led me to the work of Ben Fry and Casey Reas who have created a language for drawing things.

Things much cooler than a line chart.

Like simulating flocking, something quite interesting when you think about how complex behaviour emerges from simple rules.

There’s no real point in asking why we don’t use tools like this in the workplace.

It’s because there is a learning curve – and even small learning curves can stop things being used.

And that’s why so much effort goes into making things simple to use.

The fact is that Excel and Powerpoint and Apple rule because they make things simple to do.

And sometimes you can even do complex things.

But we’re also starting to see the emergence of a new art form – one that’s moving away from the tyranny of the simple to something more interesting.

Take McKinsey’s Global Energy Perspective 2019, for example.

I look to McKinsey as the reference on using Powerpoint in business.

Their ideas on structure and communication through decks has permeated the consulting industry.

But they’re now moving to interactive charts and javascript and css.

And that’s engaging and interesting and dynamic.

The challenge for us in the world of work is trying to take the labour out of what we do, giving that to computers and spending our time being creative.

And we’re very fortunate to live in a world that has people working to share knowledge openly and make things more inclusive.

And taking that opportunity to learn and develop our skills is the only way we’ll escape that lowest common denominator trap.

Cheers,

Karthik Suresh

How To Analyse A Network For Fun And Profit

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Thursday 9.21pm

Sheffield, U.K.

Social networks do best when they tap into one of the seven deadly sins. Facebook is ego. Zynga is sloth. LinkedIn is greed. – Reid Hoffman

In a previous post I looked at which marketing model might be most useful when planning a campaign.

The basic idea is to do more than the competition.

That sounds simple, but how do you actually go about doing that?

It comes down to analysis – analysing what they’re doing and figuring out where you can get an edge.

So let’s say you start with what comes up on Google – that’s one source of data for your search term.

But then you have LinkedIn and Twitter and all the social networks.

You’ve got offline events – training sessions and affiliate programs.

How can you pull all this together in some kind of coherent way.

It turns out that this is an established branch of sociology called Social Network Analysis.

And it comes down to nodes and links.

Nodes are individuals or organisations and they are connected by links.

These links can be relationships, common interests, shared values or content that they are exposed to on different platforms.

As you can imagine, the number of different types of links can increase quite quickly.

You can’t analyse these in your head or on a spreadsheet – usually you need software to help with doing that.

Software like Social Network Visualizer.

Now, when you read the documentation for these tools it gets complex pretty quickly.

There’s lots of talk about adjacency matrices, cohesion measures, centrality and prestige and community detection.

Which basically means the number of things you’re keeping track of, whether if I link to you, you link back to me and who the super important people are in a group – and if there are cliques and subgroups.

Okay – can we apply any of this to our market research efforts?

Well… before that let’s look at something which, depending on your point of view, might make you a little nervous.

The UK police have a guide on how to use social network analysis to combat gang crime.

Clearly the police have a reason to gather intelligence on the bad guys – and they collect information on them and their links with others.

There’s a useful table that shows you how many criminal links there can be between individuals and how to code these links.

All that data can be quite hard to understand if set out in a table but when you visualise it you can imagine how the people at the centre – the ones with influence and reach show up as larger nodes.

So, in theory, you could use a similar approach to understand how your market operates.

Clearly you’ve got to be sensible about doing this.

Recently many data mining organisations have changed their tune when it comes to the ethical use of data.

They say that each piece of data is not like gold or oil – a commodity you can exploit.

Instead, it’s a piece of someone’s life – and you need to respect that and treat it with care.

So creating your own intelligence file on people in organisations is probably not the most ethical way to do things.

But that doesn’t stop you from perfectly legitimate things like mapping organisations and their links to each other.

If you have a competitor that is so entrenched with the public sector bodies, key decision making centres and other institutions isn’t it better to know that rather than trying to fight them on an uneven playing field?

Or if you’re an activist organisation you can map those organisations that are going to be receptive to your message and work with you.

The thing with tools like these is that there’s little or no information on how to use them effectively to solve real business problems.

Which is why the police example is actually quite a useful one of how such technology can be applied to a situation.

It’s a tool that appears to be underutilised and maybe it can help you with market research.

It’s probably sensible to suggest that you use it with care.

Cheers,

Karthik Suresh

Which Mental Model Is Most Useful When Planning A Marketing Campaign?

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Wednesday, 9.32pm

Sheffield, U.K

In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment. – Masayoshi Son

Let’s say you run an IT business.

You want to talk to people about cybersecurity.

That’s a big thing right now – so where would you start?

You might begin by typing words into Google – an initial search – to see what else is out there.

In 2019, you’ll get around 110 million results.

Limiting it to your city will drop that to around half a million.

Now what?

I keep returning to a course on content strategy and then drifting away.

It has hard truths that I struggle with.

For example, it argues that you must have a clear idea of who your customer is and have a strategy to deliver content that that customer can be inspired by, identify with and find useful enough to share.

I just want to write about stuff I find interesting.

But let’s say you wanted to do this properly, where should you start?

Probably with reading.

What is everyone else doing out there?

You know the old story of the two guys who come across a bear in the woods.

One of them bends down and starts putting on his running shoes.

The other says, “Are you crazy? You can’t outrun a bear.”

The first one says, “I don’t need to outrun the bear. I just need to outrun you.”

So let’s say you read the first 20 results.

Or, if you’re lazy, like me, put some code together to get you the first hundred results in a text file for easy reading.

And then you start reading.

You discard the job adverts, see the usual ones from Universities offering courses and you’re left with a few associations, government organisations and a small number of competitors.

Now, what are they doing?

Some offer services – pretty straightforward descriptions of what they do.

Others offer articles – ones that seem to be written to order, in some cases.

Is that enough reading?

Probably not.

Maybe we should look at interviews or posts by people who have experienced ransomware attacks.

Read about exactly how common attacks start and work.

You could quite easily pull together a book on all the information someone might need.

Or you could curate information – point to stuff that is good.

Is all this going to help?

It may, if it helps you be found more quickly than the competition.

You won’t find out until you try.

That’s the thing with content marketing.

If you have content then anyone coming across it has a reaction – a good or bad one depending on your point of view.

If they see all the stuff you have and are put off by the effort of competing with you then you’ve just given them a content shock.

It’s like the advice that the best way to win a war is to persuade the other side not to fight.

I think the most useful model to keep in mind when starting is the idea of outrunning the competition, not the bear.

Do more than everyone else.

Create more content, be in more places and reach customers earlier.

It’s very hard to persuade someone to do something because it avoids a bad outcome.

When something bad happens, however, people will spend any amount of money to fix the problem.

The trick is being there to get the ball on the rebound – when the thing happens that makes your customer think they need what you do.

How you do that is about tactics and resources.

And focus.

All the things that the academics say you should do.

And which I still need to learn.

Cheers,

Karthik Suresh