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Timing Opportunities Out of Change
- 1. TI:MI:NGOpportunities out of cHANGE 1 Alejandro Pedrosa Díaz @apedrosadiaz November 2015
- 2. WHY TIMING MATTERS Peter Temin: “GDP per capita in Roman Italy (early Roman Empire) was comparable to that in the late 17th century in England and Holland” Jesús Huerta de Soto “After hundreds of years of decline, what would’ve happened to civilisation if the free market Roman area hadn’t collapsed? Maybe we could’ve landed on the Moon in the 9th” 2
- 3. This allows the team some room to fail and try new things (pivot your idea) without needing intense amounts of funding WHY TIMING MATTERS The awareness of Timing (TMG) gives us access to new markets with the potential for rapid and sustained growth Only once you’re adapted to TMG it’ll be necessary to write a Business Plan if the costumers or investors ask for it 3
- 4. WHAT IS TIMING Our world is dynamic, it’s continuously changing TMG is the selecting of the best time for doing something in order to achieve the desired effect New companies are started up after old ones do not catch the new TMG on time 4
- 5. WHAT IS TIMING New ideas are like seeds Many people will have the same one But they will only grow when the TMG is right 5
- 6. WHAT IS TIMING Startups pivot their business ideas to adapt them to the actual TMG - Is the world ready for your idea? - Is it too early or too late? 6 Every big idea has its own TMG. The point of it is to catch the opportunities that are to come, as well as not to start up ideas with no TMG that have already been executed several times with no success Ideas need to be executed in the right time
- 7. WHAT IS TIMING If , or hadn’t been well-executed, other entrepreneurs would eventually have come up with the same idea because its time was right 7 Many times, the widespread use of a new innovation makes possible the opportunity of satisfying an old necessity in a new way. This is seen as a disruption
- 8. WHAT IS TIMING How does the whole environment change? 8 Incentives Im agination Risk Creativity Previous knowledge Innovation Incentives inspire people to imagine the outcomes of their innovations after using the previous knowledge and their creativity while taking risks New Timing
- 9. WHAT IS TIMING Why does the TMG change? Irrationality Socioeconomic factors Innovations Culture Economic situation New opportunities New problems BehaviourStyles Necessities 9
- 10. Connect the dots every moment gives you HOW TO CATCH TIMING The widespread use of some new innovation Crisis Culture in the region Old necessities New styles Get more dots Connect - disconnect - connect Hitendra Patel 10
- 11. THE TIMING FLOWCHART Go ahead! Quit New TMG Does your idea have TMG? Anything related to TMG? Did anyone do it? Was it possible? Quit YesYes Yes No NoNo If the right TMG was there and you think no one had your idea, ask yourself why 11