I was thinking about opportunities and how they arise in the bath last night and just like Archimedes in a similar situation over 2000 years ago, had a Eureka moment.
Opportunities are always there. It is a matter of seeing them. So how to see more opportunity. This was the question playing on my mind.
I deal a lot with writing secure web applications (when work is around!) and the key thing about security is to reduce the amount of what is a termed as ’surface area’. This is the amount of interfaces, or aspects of the program available for people to look at and potentially attack. By reducing the surface area, you are reducing the points vulnerable to attack.
The exact opposite is required when looking for opportunity. One must open up your ’surface area’ or entrepreneurial activities to ‘catch’ opportunities as they arise. This is akin to expanding one’s awareness.
I have reviewed my ’surface area’ in terms of points at which aspects of my life are open to making money. These are points such as running a business or trading. There are also ideas I have to make money, such as a video commerce idea and affiliate selling online. All of these concepts or actual activities are areas where I am open mentally to making money.
By taking all of the ideas and putting a very small amount of effort in to increase their potential in the market place, making people aware of them, I am increasing my surface area and potential for spotting opportunity.
I am now working out a plan to sew the seeds of some of these ideas and see if any opportunities come back.
April 17, 2009 at 5:44 am
I used to read this site last year, only just found out you were up and running again. Well done.
So you wanna expand your surface area do you? Give you a piece of advice dont just concentrate on the trading. The problem is you need something to push ahead with when there are no trading set ups, which will probably be a lot of the time. Having a business to concentrate may take your mind off the trading somewhat but will also make sure you dont trade unless your system gives a signal. I wish I had figured that out earlier myself.
Anyway good luck and keep up the blog.
Johnnyspreadbet@www.thespreadbetter.com
April 19, 2009 at 9:20 pm
Thanks for the encouragement.
I definately wont just concentrate on trading. I’d be broke now if I did that! I am yet to make any serious money, well actually any money at all trading. One day I will crack it! But for now, I am looking at asset building, and that includes the business.
Good luck with your stuff.
Simon
April 19, 2009 at 6:46 pm
[...] For some time I have been deliberating about the next course of action. The last post relating to this was written on April 5th entitled ‘Exposing a larger surface area to increase opportunities‘. [...]