Peperomia prostrata - 'Mini' Plant |
Story # 141,
How does any business become the
dominate player in their field?
An amazing book, Zero to One, by
Peter Thiel, co-founder of PayPal has insight into this question. He advises how to escape competition. You
should have some combination of several characteristics: proprietary technology, network effects,
economies of scale and branding.
Proprietary technology applies to
hardware and software, usually protected by patents. The technology must be at least 10 times
better than its closest substitute in some important dimension.
Can this happen with plants?
The clearest way to make a 1000 %
improvement is to invent something completely new. Or you can radically improve an existing
solution. Once you’re 10X better, you
can escape competition.
Having the best plant product is the
price of admission. A lot of growers can
grow good plants. How to be 10X better?
By having New plants that no one has
like Primulina, Hemizygia ‘Candy Kisses’ and upright Selaginella should help,
but is it 10X better?
With truck delivery, orders can
arrive in good condition without the problems of unpacking scrambled plants with
cold damage. Is this 10X better?
I have custom plant tags with common
name, botanical name, brief description and ‘Grown by Gary’s Specialty Plants’. Established customers will have their
business name as well.
A recent order for 300 ‘Mini’ plants
had an assortment of 50 different foliage and succulent plants.
Are all of these features enough to
be 10X better and be the leading regional supplier for ‘Mini’ Plants’?
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