Disruptive Innovation
I’ve not heard the term before, but read this article. It starts with this question and answer.
Question: what do these companies have in common?
Skype, Spotify, Marks and Spencer, Whipcar, Zopa, Zilok, Kiva, Patagonia, Kickstarter, Café Direct, Taskrabbit, Buzzcar and InterfaceFLOR.
Two of my favourite innovators; Zopa and Kiva are mentioned in the same breath as quite a few companies like, Skype, Spotify and M&S.
If the article has a fault, it’s that it misses out a couple of well known names, who the writer would call disruptive innovators.
I would have thought ARM Holdings and Dyson should be on the list. And I would think that a certain company called Metier Management Systems was one of the first! So we were only a shark in a small pond, but we completely rebuilt the pond.
A Better Way To Pay By Credit Card?
There are certain things, I don’t like where money is concerned.
The first is smart-phones, as they are just status symbols, beloved of the light-fingered. So if anybody suggests that I need those to do things like buy a train ticket, a coffee or a pair of knickers, or even replace my rail ticket then I say a big no!
I don’t like too to always have to carry more than one payment card. At present, I usually carry two; my Freedom Pass for transport in London and usually my John Lewis/Waitrose credit card for purchases. I would like to be like the Queen and not carry any cash, but as I do like coffee, which is almost as good as milk for my throat, I’ve always got a few coins in my pocket. So I have a small folder with these cards, my Senior Railcard and a few of my business cards in my pocket. My wallet stays at home most of the time, when I’m in London. I did lose the folder once and within a few hours, the bus driver had phoned me saying he’d got it and I could get it from the garage.
So I was rather intrigued, when I saw in the Sunday Times, an article about Square, a payment company started by one of people who brought us Twitter. You upload your picture, a recording of your name and credit card details to a web site and then when you go into say Starbucks, their iPad app recognises you and your name recording is the password. You can get your receipt as a text message to any phone as new as a Nokia 6310i. I knew I was right about smart phones being dead end technology. Nothing will persuade me to get one. If for instance, a shop, a theatre or a train company said I must have a smart phone to purchase their product, then I will make sure that I take my business elsewhere and give them all the bad publicity they deserve.
I can’t wait to walk into Starbucks on Upper Street, say “Anonymous Widower” and get my cappuccino.
Creating A Funding Circle Account
I have just created a Funding Circle account, as I want to see how other peer-to-peer lending sites work.
As a Zopa user for many years, I could be considered biased, but although I got registered quickly, there are some things I liked and didn’t.
E-Mail Address Based Account
All accounts, should be based on e-mail addresses. They are in Funding Circle.
Passwords
Because of my gammy left hand, I don’t like passwords where case is important, as I often get it wrong, when I use the shift key. Funding Circle insists on at least one Capital letter and one number.
At least though they didn’t use the dreaded Captcha system beloved of so many sites.
Check Questions
They did have, who was my best friend at school as a check question. This is a question, that I don’t really have an answer to, because I had a bad time at school with personal relationships.
Addresses
Because I’ve only been at my current address for less than two years, I was asked to enter my previous address. I made a mistake and ended up with the wrong address in my profile. I was able to change it easily to the correct one.
Debit Cards
The first investment was by debit card, which brought up the dreaded Verified-by-Visa system. I would prefer to use a Direct Debit or a Bank Transfer. Especially as fake Verified-by-Visa e-mails are being used by fraudsters.
But I did successfully register my account and transfer £1,000 into the account.
On A Clear Disc, You Can Seek Forever
The NatWorst computer problems have reminded me of one of the truest computer maxims.
On a Clear Disc, You Can Seek Forever
So are there any more we should remember? These are some of mine.
If it takes one man, a year to write a computer program, it’ll take two men, two years to write the program and 256 men will take 256 years.
Computers make excellent slaves, but bad masters.
You never lose any data, by taking too many back-ups. And keeping those back-ups in a fireproof environment off-site.
A brilliant reliable programmer will always be the type of person that the CEO says, shouldn’t ever be hired.
Programming productivity is directly proportional to the amount of real ale consumed at lunchtime.
Apples go faster if dropped from a taller building
For every programmer, you should employ at least one software tester.
The likelihood of a severe failure, increases on the square of the distance between the programmers and the installation.
Happy Programming!
A Lady After My Own Heart
I’ve never heard of Merryn Somerset Webb, but I have heard of the magazine she writes for; Money Week.
One of my alerts pulled up an article entitled, For better returns, ditch traditional investments. This is something I definitely believe in. But I would say that after once investing £10 e.w.on a nag at 500-1 in the Derby, I don’t think conservatively. In the end as Terimon came second, I trousered upwards of a grand.
If you read the article, Merryn makes some interesting points. She mentions the first two of possibly many alternative banks aimed at SMEs; Cambridge and Counties Bank and Silicon Valley Bank, who have opened or are rumoured to be opening in the UK.
I don’t need such a bank, but I’ll be watching how both progress in the next few months.
Computer Disasters Inc.
Some years ago, I was discussing, what we might do with someone in Metier, if the whole venture had gone bust. I suggested an idea, which keeps coming back to me called Computer Disasters Inc.
NatWorst now is in need of such a company, which I envisaged as the Red Adair of the computer industry. NatWorst will certainly be paying out fees on a scale Red Adair would have thought reasonable.
The Ramadan Rush
It would appear from The Times, that rich shoppers from the Middle East are getting their shopping in before Ramadan starts on July 20th. They also claim that France’s burqa ban, means that shoppers now prefer London.
The French really know how to create laws that help their business sector, especially as they are bringing in a financial transaction tax.
Everybody Needs a Dry Cleaner
Mohamed Mahamoud Sheik thought that and has now opened a shop in Mogadishu in Somalia, as reported on the BBC. He is quoted as saying.
When they read ‘Somali Premium Laundry’, they say, ‘wow, is this a real laundry?”
If there was an international business award for the most outrageous start-up he should win it.
Good luck to him!
A Pair of Wongas
Wonga is now targetting the business market.
A Pair of Wongas
Did they give the drivers a bonus to be in convoy?
The ARM Phillosophy
Tudor Brown has stepped down as president of ARM Holdings, the chip designer. This article on the BBC,explains the company and its philosophy.
It is a business model that should be copied. It’s certainly worked!
The Anonymous Widower 