QuoteProject
Work only on problems that are manifestly important and seem to be nearly impossible to solve. That way you will have a natural market for your product and no competition.
Edwin Land
ShareWTF𝕏

Interpretation

What this quote means

Focus on solving significant and challenging problems to create valuable products with less competition.

The quote emphasizes the importance of directing efforts towards issues that are not only crucial but also difficult to tackle. By choosing to work on problems that are perceived as vital and nearly insurmountable, one can create a unique offering in the marketplace, thus attracting demand without facing fierce competition, as fewer people will attempt to solve such problems.

Themes

WorkProblemsImportantImpossibleMarketCompetition

In practice

Example use cases

During a startup pitch, to inspire potential investors about the focus of our project.

More from Edwin Land

Don't undertake a project unless it is manifestly important and nearly impossible.
Edwin LandRead
Industry is best at the intersection of science and art.
Edwin LandRead
I believe quite simply that the small company of the future will be as much a research organization as it is a manufacturing company.
Edwin LandRead
It is a curious property of research activity that after the problem has been solved the solution seems obvious. This is true not only for those who have not previously been acquainted with the problem, but also for those who have worked over it for years.
Edwin LandRead
My motto is very personal and may not fit anyone else or any other company. It is: Don't do anything that someone else can do. Don't undertake a project unless it is manifestly important and nearly impossible.
Edwin LandRead
Intense concentration for hour after hour can bring out resources in people that they didn't know they had.
Edwin LandRead

Similar quotes

For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side-effect of one's personal dedication to a cause greater than oneself or as the by-product of one's surrender to a person other than oneself.
Viktor E. FranklRead
I am like a Rolls- Royce. I can run without an engine, purely on reputation
Shahrukh KhanRead
If you want to win, you have to beat the big teams in Europe, and Juventus are awesome.
Pep GuardiolaRead
If everyone is moving forward together, then success takes care of itself.
Henry FordRead
What is an entrepreneur? Someone who jumps off a cliff and builds a plane on the way down.
Reid HoffmanRead
What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.
Peter DruckerRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Edwin Land | QuoteProject