Immense value is created and big businesses are born by reducing inefficiencies. I know I’m not saying anything new but to illustrate, here are a few examples:
A few days ago I chatted with Joe Stump on Twitter about communication, related to a topic he spoke about earlier in the day at the Startup Product Summit. IMO, communication or more specifically, knowledge-transfer, is incredibly inefficient and one of the biggest opportunities to improve the human race.
Imagine the impact of improving the efficiency of knowledge-transfer by just 10%. Or more.
If you were to make just ONE thing more efficient, what would that be?
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