While recently listening to a deal pitch-review, I watched a number of entrepreneurs selling “a better mousetrap”. Although they had some improvements in their technology- focused value proposition, they failed to understand the inhibitions to adoption in the market. I asked them to focus their attention on the inherent switching costs for customers who are choosing this new alternative solution to a business problem. They did not understand what I meant.
mouse trap
I call . . .
→ Read full post: The 10% Better Mousetrap Fallacy

