July 18, 2007...8:06 pm

Markets are like parking lots

Markets are like parking lots.

To get a spot:

  • Get there early, or
  • Park where there’s less competition (but you’ll have to walk more), or
  • Find a proprietary advantage that sets you apart and locks out your competitors

Parking is good when you’ve got two wheels — motorcycle or scooter. Imagine my excitement in finding a shady spot near the door which had been “reserved” by a car that parked over the line, blocking out all my four-wheeled competitors. I left for lunch and came back to a full lot, but my spot was still saved. That’s good business.

parking_spot_with_motorcycle.jpg

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