Planning Drives Success, Business or Racing
9.17.2008 | Comments Off
As an avid automobile enthusiast, as well as entrepeneaur, it’s always interesting to find a parallel between my hobbies and my businesses. Such is the case when I got this month’s copy of SportsCar magazine. SportsCar magazine is the official club magazine of the SCCA (Sports Car Club of America). This month, an article by Randy Pobst (a well known professional racer) caught my attention in his column. “Planning Your Races” (as he calls this article) talks all about “reducing” risk over the course of the race in order to finish as well as possible. Consistant high finishes are key when you’re chasing a racing championship. This is very similar to trying to become the market leader in a given market. Making high cost, high risk moves can give you a huge payout, but more often times than not you will “end up next to the other guy in the gravel trap”, as Randy puts it.