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Getting Sidetracked

Written by Will on Tuesday, June 26, 2007 – 9:34 am -

It happens to the best of us, all the greatest plans and schedules cannot account for nor prevent the inevitable, getting sidetracked. This is a problem that affects all organizations, large and small, so no one is free from it’s attack. It is like a snowball that eventually causes an avalanche, often times it is dismissed as non issue, but as it grows (what I mean here is that more and more people on the team become sidetracked) suddenly you are in a position that is unfamiliar, it is not in line with your plan or schedule. How does it happen and better yet why does it happen?

It seems like it happens more so when there is a large team working together who do not report up throw the same chain of command and are geographically located around the country (or world in some cases). When the team becomes so big, it is virtually impossible for one person to keep track of everything, keeping a watchful eye on every aspect of the project. With this, distractions come in and out of the team at a flurried pace, and inevitably it affects some more so than others, and it compounds to create a problem of epic proportions. Small teams seem to have a better chance, as by virtue of their make up, everyone is able to keep an eye on each other and if someone is distracted it is clear very early on. With that being said, if it is not managed correctly, it will derail a small team as well.

So what do you do if your team is getting sidetracked? Panic, abort, throw your hands up and say there is no way to fix it and you are going to be late?


Posted in Business, Opinions, Web Community | No Comments »

Eating your own dog food

Written by Will on Friday, June 22, 2007 – 6:37 am -

It sounds almost cliche to say it, but there could not be (at least I think) a more simpler mantra to follow in the product development world to ensure that you are creating the absolute best product that you can. Take a look at some of the most successful web products going right now, and I would venture to guess that everyone from the receptionist to the development team to the head chief is living and breathing that product on a daily basis. Why do they do this? Simple, they are not only building the product, they are part of their target demographic of users, in essence, they are one of them.

Take a look at Facebook. I have heard stories (cannot confirm them since I have not had the pleasure of visiting their digs) that the office where the developers are is like a frat house. There are hammocks everywhere, various toothbrushes in the bath rooms and people running around in flip flops and shorts. Imagine that, the same sort of scene that you would see on any given college campus nationwide. These guys live and breath their product, they use it on a daily basis, they are part of the community that uses it. It is no wonder that Facebook continues to come out with cool features, they have part of their community right there, in house.

Why is it then that companies have the greatest intentions for products and then fail to own up and eat their own dog food when they launch the product? Is it that they lost faith in the product? Is it that they had the wrong team assembled to build and deliver the product? Is the company on a whole focused on too many products that it cannot afford to be laser focused on one thing? Whatever the reason, without fixing it, it becomes increasing harder to compete with those who do eat their own dog food.

So I say to you, if you are eating your own dog food, good for you, you are well on your way to being a leader in your space. For those of us who are not, start eating!


Posted in Business, Opinions, Web Community | 9 Comments »

Raising funding when you are in the business of lending money

Written by Will on Wednesday, June 20, 2007 – 11:14 am -

This post kind of struck me as odd “Lending Network Prosper Raises $20 Million“. I just found it a bit oxymoronic that a company who is in the business of lending money (OK, not actually their own money, but they facilitate the lending of funds) would actually be raising funding for themselves. Maybe it is just me, but it seemed a little funny.

In all fairness, Prosper has done quite well for themselves, and this is actually their third round of financing. I have taken some time to use the site, and find their offering to be compelling. They do offer a way for the average person who needs to borrow a bit of money to pay off student loans, credit card debt or even buy a car can set up a profile and investors can basically bid on different loans to make and can set their own interest rates.

It seems as if some people have found a way to leverage the site in a way that perhaps the folks at Prosper had not intended it to be used for. Some people are using Propser as a way to diversify their investment portfolios, basically lending money to individuals while usually getting a 10-15% ROI on their investment. This sure beats some traditional investment methods (CDs or money markets) that produce a much lower ROI.

Nonetheless, it seems that Prosper has come up with something that is both compelling to the investor and the borrower. I guess I am just feeling a little giddy today and found humor in the title of the post. Perhaps my mind is not what it used to be now that I am a year older :-) .


Posted in Business, Hot Companies, Opinions, Web Community | 2 Comments »
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Will Kern's take on business, startups, life and everything in between. This blog is like a box of chocolates, you never know what you are going to get.
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