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How do you approach a new generation of competition?
Yesterday the mens' fellowship I attend these days managed to get hold of Idris Jala.

He was the Minister in the Prime Minister's Department, directed various subsidaries of Shell, reformed the national airlines once...and is currently heading a global consultancy firm.

He shared how during his time in Shell, he had to pull in biz tricks that the oil & gas people would laugh at. Just to stay profitable.

One of it was to actually give the raw diesel and kerosene for free to overseas clients to figure out new ways on using them-- instead of the other way round. One Australian BBQ giant loved their kerosene as BBQ fuel...so they agreed to pay Shell 3X the regular price, in exchange for the removal of the 'Made in Malaysia' label.

Come to think of it, this approach is not too far fetched from how tech startup folks let the market decide how the final product will look like/work.

Idris must have been reading tech stuffs, and pulled in ideas from there. A regular O&G man would not do this-- he would be too worried about the extra costs, especially when the biz itself is already bleeding.

So I find it's about finding as many new ideas as you can-- be it from new people, books or environments.

Even though they may come from places one might never usually go to in their lifetime.
 
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Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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