How Microsoft/Xbox Setbacks Benefit Your Entrerpreneurial Career?

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Image Credit: “Join the world’s premier gaming community,” http://www.xbox.com/en-ca/live/

 

I’m sure many if not most of you who are viewing this post are a fan of Xbox and Microsoft! Sadly however, Microsoft’s Xbox Live has experienced problems (Source: http://www.gamespot.com/articles/microsoft-may-compensate-xbox-live-users-affected-/1100-6435489/?ftag=GSS-05-10aaa0a) in the beginning of The New Year 2016. Some of these issues blocked players from downloading and playing their games that even American Rapper Snoop Dogg was ticked off! Microsoft may offer compensation for these issues though it’s not guaranteed. However problems are often never permanent and can create new opportunities for entrepreneurs. So, if you’re entrepreneurial minded, tech savvy, tech loving and a fan of video games like Xbox or running your own smaller tech/gaming business then Read On for great opportunities from Microsoft Xbox Live’s 2016 setbacks to better your own chances of entrepreneurial success!

 

1) Your Chance To Break The Monopoly!

I am a huge fan of Microsoft, Xbox, PlayStation and Video Games. With that being said, in the video game industry Microsoft/Xbox and PlayStation have greatly enjoyed a huge monopoly in the technology and video gaming industries. This creates a monopoly, which stunts chances of success and innovation for smaller companies. Monopolies are bad for competition, hence innovation and large-scale diversity.

Fortunately, with Microsoft/Xbox’s recent setbacks, if you are a smaller tech/gaming company you can slowly but surely take advantage of these setbacks to break the monopoly to bring the tech/gaming business industry much needed larger scale environment of competition, diversity and innovation!

The benefit of large companies facing setbacks is ultimately smaller companies can be motivated to take action to develop, innovate and compete resulting in new often more advanced products by breaking the previous monopoly overtime. As the same applies for the gaming/tech business industry if you are running a smaller scale tech/gaming company here is your chance to break the monopoly enjoyed by the likes of Microsoft/Xbox and introduce something new!

2) Your Chance To Learn From Mistakes By Observing!

 Microsoft/Xbox is a great company but unfortunately has had (Before 2016) various problems and complaints from customers. The problems most likely could have but were not prevented by the company and development teams. If you’re running a smaller tech/gaming business that doesn’t enjoy the same stellar status of Xbox you could well step into the fray and refrain from the same mistakes of Microsoft/Xbox.

Some of these issues, which could have been prevented, were due but not limited to rushed production and determination to meet deadlines/release dates a common problem of well-established businesses! As a smaller tech/gaming business make sure you carefully observe the mistakes of bigger conglomerates like Microsoft/Xbox, what led to their faulty products, why these faults occurred, whether they could have prevented and why they were not prevented.

Hence, overtime starting now you can provide a great new business with stellar customer service while learning from, adapting and refraining from making the same mistakes of Microsoft/Xbox! Learning from the mistakes of others in business is a surefire way of providing great customer service cornerstone of a successful business!

3) Your Chance To Save The Day!

When setbacks often strike well-established conglomerates like Microsoft/Xbox, customers are in need of a hero to save the day! Well now is your chance as a smaller tech/gaming company to be that hero who saves the day by providing a new and better service to save customers. While innovating to be more advanced than Microsoft/Xbox is often a great way to save the day there are simpler ways to be a hero.

For example notice the pains and annoyances Microsoft/Xbox customers are facing as of 2016 problems with Xbox Live. Next work to develop a system, which fixes these pains and problems Xbox Live’s users are facing by making your product/s entertaining, exciting and free of Microsoft/Xbox Live’s problems.

Simple ways such as solving customer pains, issues and bugs of larger competitors even on a smaller scale are definite ways of innovating your business and products to save the day! Moreover, as a smaller tech/gaming business by providing a more efficient, foolproof, simple and easy more reliable than larger but more glitch ridden competitors, this is relatively enough to succeed by saving the day!

 

Last but not least you don’t even to have be a formal entrepreneur with a company to save the day. Rather if you are a tech savvy Xbox gamer, then you can design modifications (MODs), parallel informal systems or tinker your Xbox to modify/adapt the system to provide better glitch free service (even try offering to Microsoft/Xbox in return for payment and/or a beneficial deal e.g. publicity for your own MOD channel/store, etc.) to achieve success!!

Entrepreneurship Lessons From Mars InSight 2018

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Image Credit: nasa.gov, NASA Targets May 2018 Launch of Mars InSight Mission

It has been announced by NASA on their website via http://www.nasa.gov/press-release/nasa-targets-may-2018-launch-of-mars-insight-mission that NASA’s Interior Exploration utilizing Seismic Investigations, Geodesy and Head Transport mission known as insight has been scheduled for launch on May 5, 2018 with a schedule Mars landing on November 26, 2018. You may be interested to know this Scientific extraterrestrial NASA mission to study Mars’ deep interior has great entrepreneurial lessons for those of us running and/or starting a business/s. Below are three great takeaway lessons from the above URL-article about NASA’s InSight Mission for your entrepreneurial ventures!

1) It’s The Little Things That Matter!

 A great entrepreneurship lesson NASA’s InSight Mission teaches is that in ventures it is the little things that matter! In the case of NASA’s InSight Mission it was a small issue that drastically affected the course of the Mars Geodesy mission. In particular, NASA’s InSight Mission was initially scheduled for a March 2016 launch only to be delayed by a faulty vacuum leak in its prime science instrument. Thankfully despite the delay, InSight’s science is being redesigned and the Mission is scheduled as of now for a May 5, 2018 Launch Date.

Hence, for your entrepreneurial endeavours it is the little things that can have the biggest impact on your plans! Just like a fault in NASA’s InSight Mission’s science instrument resulted in the postponing of the entire Mission, so can little faults in your business (i.e. The exit/entry of a single teammate, a small bug/ correction, the alienation/impressment of a single customer) can effect and change the course of your enterprise/s for better or worse!

Therefore, while focusing on the bigger picture, pay just as much attention to the little things (i.e. day to day happenings and the short term) going on in your enterprise and make sure these little things are addressed to strengthen your chances of entrepreneurial success!

2) Have A Plan To Bounce Back Quickly!

 When failure and/or setbacks strike your enterprise make sure you have a plan to bounce back quickly! Just like NASA’s Insight Mission despite setbacks and delays formulate a comeback plan. This plan was the InSight project management team communicating with NASA and the French Space Agency CNES on plans to redesign the science instrument and gaining the assistance of both these agencies in redesigning the science instrument! Hence, thanks to this bounce back plan Mission Insight has been given a new lease on life!

Likewise for your entrepreneurial undertakings have a plan when faced with setbacks and/or failures so your enterprises have a chance of resiliency/survival. Such plans can even be formed on short notice (i.e. with Mission InSight due to its unforeseen instrumental setback) so be flexible, be constantly planning, cautious and consider the unexpected to better your chances of survival in the event of setbacks!

3) Do Not Operate In Isolation!

As humans being social creatures cannot operate in isolation the same applies for enterprises, which are human and therefore social undertakings! Take inspiration form the recovery of NASA’s Mission InSight so your enterprises may also be resilient and adaptable in the face of hardship. The Mission Team of Project InSight did not operate in isolation but collaborated not only with NASA but also the French space agency CNES, NASA Jet Propulsion Laboratory (JPL) along with strong international partnership, with the latter led by Principle Investigator Bruce Banerdt of JPL.

Such collaboration and networks of Mission InSight aided the development of the mission equipment (i.e. German assistance in designing part of InSight’s lander) along with aiding the resiliency and recovery process of Mission InSight despite its setback exemplified by international contribution for the construction of InSight’s new vacuum leak enclosure!

Hence, when working on an enterprise, actively seek help from those outside your enterprise as ultimately these connections will bring valuable knowledge, skills and experience to the table, which can advance the design and popularity of your enterprise along with providing much needed resiliency and better chances for recovery/survival in times of trouble!

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Image Credit: mars.nasa.gov, Mars: Extreme Planet

I sincerely hope that you found this post beneficial for your entrepreneurial endeavours! Please keep in mind the three takeaway pieces of advice for entrepreneurship from the case of NASA’s Mission InSight and apply them for success in your own enterprises. The three above points are some of the main causes for the failure and/or stunted growth of many businesses. Fortunately Mission InSight as of now has overcome these and will hopefully have a successful mission launch to Mars in 2018. So keep your eyes posted on the status of Mission InSight and use the (So Far, Knock On Wood!) success story of Mission InSight as inspiration on your road to entrepreneurial success!