you’ve probably heard this saying before, and there’s a lot of truth to it. being the first to spot an opportunity makes you memorable, just like how we still acknowledge people like Plato or Newton. if you can identify a demand and jump on it with a business, you’ve got all the customers you need. invest early in a project that takes off, and you’ll rake in those profits.
being early puts you ahead of the game. don’t just follow the crowd, carve out your own route.
the early riser gets the prize
19 replies 475 views
satoshi2020Senior Member
Posts: 183 · Reputation: 970
#2Jul 14, 2022, 01:00 PM
Yes the early bird catches the worm but it will apply better to investors that made good investments for examples those who invest early in bitcoin can be said to have caught the biggest worm because they invested early in bitcoin.
You can be the first to start a business and another person brings up better idea on that business that customers prefer to yours. You wont be the most profitable just because you started it first, in business your competition to have to be the first before they can do better than you.
Those who discovered Bitcoin early, when its price was low, bought it and kept it for a long time, took steps.
The same thing applies to other forms of profitable business. If you are fortunate to be the first set of investors, you will make a profit before the market becomes saturated or overcrowded.
I agree, don't keep postponing. If you identify a novel idea and you have researched that it would be profitable, go ahead with it. Most Fortune 500 companies started as creative ideas.
You're correct, starting a business is one thing and you would tend to enjoy the first patronage since there is definitely no competition, but retaining the lead when competitors comes by is a testimony of your efficiency and regular upgrades of your goods and/or services. You should always expect competitions since there are other people with great ideas that some of your clients may love, in fact competition ensures we get better services at better costs since each provider would be fighting to retain and get more clients.
Some people start businesses with the right idea but their competitors can get a more effective niche that would see them more profitable than the starters. I know of a man that started repairing electronics at my neighborhood when I was a boy and he made a lot of money initially due to monopoly but 2 years later came another man who merged sales of new equipment with his own repair service and since people now buy from him as well, he stole the first man's clients to the extent that the man relocated his services to another place since he couldn't meet up with the expansion rate of the new man who had obviously colonized the whole environment.
whale_chainFull Member
Posts: 88 · Reputation: 664
#5Jul 15, 2022, 08:37 AM
One can still be the first to solve a problem and still fail, one can still come up with life changing business offers and opportunities and still fail including solving a communal problem. Newton didn't just succeed at first trail. It requires beyond being innovative, one still needs to know how to target the right audience, having a sound customer management and good business ethics to succeed. The world has changed so much that everything matters if one must succeed in business.
Yes, I have heard of that saying before and it is true for any investment or even purchase.
In terns of Bitcoin it is true also, yes the buys who embraced the technology in the early
years, 2009, 2010, 2012 and 2013 for example benefitted the most but we can also apply
that to today also because in 100 years from now the first 10 or 20 years will also be
regarded as "early years".
So best thing is to act like we are still in the early years, look forward ->
Execution always beat mere discovery and so, it's one thing to discover something and another to jump at it at the point of Discovery. I'm certain that there are probably a lot of people that thought about a system as bitcoin even before Santoshi but were not bold enough to bring Thier idea to life. Santoshi made it happen and he now rules as the head of everything bitcoin. If you're early to know about a thing, you have to go beyond knowing to actually being a full blown part of the system because at the end of the day, that's what will count.
yield_ninjaFull Member
Posts: 188 · Reputation: 646
#8Jul 17, 2022, 02:02 AM
If your the first to discover something that is of economic value, you will definitely be the first person to enjoy your idea. I once leaved in an area that was close to an express Road, we had no fuel station within our neighborhood, the first guy that built one fuel station along the road, literally had everybody within my neighborhood as his customers, then it was big neighborhood so it was a big catch for the business man.
A lot of courage is required to pioneer a new business in a new environment, and not many business owners or entrepreneurs are courageous enough to do so This is why you find out that original businesses are few while we have a lot of businesses that are trying to copy others. If you have an idea to setup a business in your environment, a business that you've seen elsewhere but does not have anyone around you it could still be accepted as you being an early bird in the business considering your environment and you could still make a lot of profit from it.
Most of what you said here sounded like when a motivational speaker is talking to the audience, very on point, most persons allowed procrastination to kill there dreams and some as still doing the same till now that's very unfortunate, there are people that are very skeptical about everythingz they doubt every profitable opportunity, they got what can be used to take a step but they can never take that can never do it because they aren't positive minds, they don't take a stand on their own, they easily get distracted, many reach people w see today, has at a time made some decisions that brought them where the are today, to me it is all about acting when it is necessary that's the risk we must take to grow financially.
This phrase reminds me of one thing, "opportunity will not come twice", when the opportunity comes, you must be ready to take it, if you don't act immediately, then someone else will take the opportunity. Being the first to recognize a demand and establish a business can be highly profitable. Just as you took a big step when investing in Bitcoin in the early stages, the opportunity you took at that time has benefited you in the long run. If you have a plan and opportunity to make a difference in life, then never wait for other people's steps, you have to make your own way because that action will take you to a stage you have never imagined before.
You might as well apply this to Bitcoin, there are a lot of failed "crypto" before Satoshi took on the project. And the good thing is that the stiches those from the past, correct their mistakes and then perfected Bitcoin.
So by now we all know that Bitcoin is too big to fall, and we call the prime mover. And now it enjoyed the support by every enthusiast around the world, prices soar up and I doubt that new projects or crypto will take over and topple it from the top.
ledger_lynxMember
Posts: 20 · Reputation: 208
#13Jul 17, 2022, 11:32 PM
I believe that anything we can start up with now is still early but procastination has caused most persons alot of misfortune it's very important to start despite how little it is, i believe that your decision today is what that will determine your future even now there are people who are still procastinating about investing in Bitcoin they can plan to start tomorrow when it reaches tomorrow they will shift it to the next day just like that but getting started now can change life tomorrow, we should think positively if we want change in our life.
People believe positioning = everything. They think of life as basically a race with definite starting guns and winners and losers. Some how along the way if you just move faster than the person next to you you'll be fine.
Plato or Newton or whatever the guys you might think right now, they weren't "early". They were isolated. Misunderstood. Newton was genuinely weird and kept to himself, spent years doing his work that nobody around him really understood. Plato wrote dialogues which were basically arguments with people who thought he was an annoying idealist.
Most people who "recognized demand early" built something that another company with more money came and just took. History is full of this. And we don't teach it because it's not an inspiring story. It's a depressing one. It's a story about how being right and being rewarded are separate things which only occasionally coincide.
I'm not saying don't move. But move because you truly believe in something, not because you're afraid of being late for something that everybody else is running to. Those are different energies and they create different results and honestly different types of people.
Being early to the wrong thing is just a quicker way to lose.
Chasing early entry is good but I don't consider that necessary in our time because discovering something new is not always easy. But I think we will do better if we try to improve what is already in existence than trying to reinvent the wheel. What will set anyone on the part of progress is the ability to add a touch of excellence in whatever we do. All of cannot be inventors, we can improve on what is in existence even in things like service delivery and make the money.
its_cipherSenior Member
Posts: 190 · Reputation: 1319
#16Jul 18, 2022, 11:26 AM
Strangely enough, but very often the opposite happens, and the primacy does not guarantee success at all. This is especially common among inventions. But even in the scientific community, an achievement often bears the name of a follower rather than the one who was the first. By the way, just the other day I read about the inventor of the very first smiley face (Harvey Ball). He did not patent his image, considering it trivial. And other people have patented it. And now, emoticons are used everywhere. And the creator didn't earn anything from it. So being the first does not mean automatic success.
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#17Jul 18, 2022, 02:05 PM
I heard that phrase but I do not believe that. All people have the same chance to get something. Maybe the result will be different but they will achieve something that they want.
You can success by create or modify the business and have more uniqueness than your competitor. That is one of the key in the business along with other things needed.
That makes competitions will be more tight and customers will finds what they wants. We can be the early but we can't always get there as others want the same.
The opportunities will comes to the right one so even if you are not the early, you have a chance to success. But that will needs more efforts to works.
Imo this phrase is about being a disciplined businessman/worker. It is not just waking up early that counts, you need to do it every day. Basically it is telling you to stop being lazy and get to work and the earlier you start, the richer you'll get. While you are sleeping, somebody else will get up early and finish his work. When you think about it, wealth is relative. If everybody were hardworking people, then nobody would be poor probably but nobody would be rich either. Somebody somewhere stops working, becomes lazy, lose money and somebody else gets ambitious, work more and get richer.
People want everything to be in place before they make any move. They want to have the perfect location, staff, packaging and enough money to fund their idea. Sometimes these things they need might not come at the time or in the form they want. This is why they keep postponing when to start a project.
They fail to acknowledge that every project can be started small and will grow gradually. Starting with available resources is the first step towards achieving goals.
Being the first not always the most benefited party. From my experiences, being inovator or creator which opened new market and shaped they way of people think about product and technology with our idea also bring a big consequences which usually start with high expereiment cost, inovator must educate market and no guarantee of success, in these stage sometimes faster learner follower can be entered market with more eficieent and mature strategy. From above explanation, i think success depend on ability to execute perfectly and fast adapted. very important to learn from other's experiences which purpose to create real value and do fast adaptation for any changes.
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