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Showing posts with the label Metcalfe

Just my thoughts #0454

I often say that the small things you consistently practice each day will change your life. People may think it is difficult to do so. However, this doesn’t mean that the practice itself is easy or hard; rather, it’s challenging to prioritize that little task every day. Why? Small things happen daily, and results take time to manifest, while small changes don’t significantly influence our profits. However, if these practices are regular and steady, it presents a different story. - Joseph’s “just my thoughts”

Just my thoughts #0341

Metcalfe’s Law states that the value of a communication network is proportional to the square of the number of users connected to it, represented by the formula N(N-1)/2, where N is the number of terminals (users). In other words, if there is only one cell phone in the world, it holds no value. The same applies to computers and software. Consequently, mobile communication service providers strive to distribute mobile phones to consumers, even going so far as to subsidize them. The value of language follows the same principle. However, the impact can vary significantly depending on who is connected to this network. If you are in the business of building networks, you must implement a strategy to quickly attract the most influential users to your network. Therefore, an entrepreneur must clearly and concisely define who their customers are and why they should engage with their network. - Joseph’s “just my thoughts”