« 1,700 And Growing | Main | Thinking Inside The Box »

Comments

Wes

I may not be the former Supreme Allied Commander, but I do, among some friends, have the nickname "The General".

Great post Chuck. I'm coming around to not thinking of finding a niche as a task or goal, but rather an adventure. I definitely do not lack in intellectual curiosity as I'm sure my internet browsing history could attest. Eyes wide open, I figure I'll keep looking until I find the right fit. And even when I find the right fit, who knows? Maybe I can still find a better fit.

My mom told me a while back that still, to this day, she doesn't know what she wants to be when she grows up. And she's been a school teacher and administrator for 15+ years and has loved it!

Scott Palmer

Truly great stuff, thanks for walking me through the process of niche evaluation! You know, you could probably create a service of finding and evaluation niches...

Dallas

You know, I've always thought my curiosity would prevent me from finding a niche because I want to do a little bit of everything. The word "niche" resounds in my soul more like the words "routine" or "groove" which are only a few repetitions away from "rut" and are thus to be avoided at all costs.

I'm going to contemplate a few of the niche ideas you've posted--thanks!

Andrew Flusche

Great post, Chuck! Incredible, actually.

My main worry with a tight niche is that all your eggs are in one basket. What happens when that market dries up? You're toast, unless you can scramble to quickly find another niche. But if you've positioned yourself well in Niche A, you will have branded that into people's minds. It would be hard to change the mental association.

Maybe I'm paranoid. (Is someone watching me?)

Wes

@Andrew...Those are reasonable concerns, IMO. I would expect the solo to be in tune with possible paradigm shifts within or relating to their niche. Certainly, from time to time, pure innovation will render a service much less valuable. But hopefully the active third wave solo will be able to foresee the shift and adapt themselves.

I believe that is a risk of doing business. Sometimes you need to evolve, regardless of your choice of practice area. It can cost money, time and other resources. But I believe it can be done. Businesses often retool and reposition. I think you can explain that story to people and they will understand it. Sure, takes a little energy. But what'd be the upside if it just all fell in your lap? :)

Account Deleted

this post perfectly elaborate niche evaluation.
niche is all around us and it is amazing source of earning lot of money
great post:)

The comments to this entry are closed.

Third Wave

My Photo

Contact Information

  • Email
    chuck@chucknewton.net
  • Fax
    281-715-5755
  • Phone
    281-681-1170

Our Other Sites

Newton Family Blogs



Law Schools To Consider & Other Useful Sites

Disclaimers

  • INFORMATION HEREIN IS NOT LEGAL ADVICE.
    The opinions expressed in this weblog represent only the opinions of the author(s) and are in no way intended as legal advice upon which you should rely. Every person's situation is different and requires an attorney to review the situation personally with you.
  • CERTIFICATION.
    NOT CERTIFIED BY THE TEXAS BOARD OF LEGAL SPECIALIZATION.
  • LICENSES.
    Charles (Chuck) Newton is licensed to practice law in all courts in the State of Texas, the United States Court of Appeals for the Fifth Circuit, and all United States District Court and Bankruptcy Courts in the State of Texas.
  • NO ATTORNEY-CLIENT RELATIONSHIP CREATED.
    This weblog does not create an attorney-client relationship. Such a relationship can only be accomplished by execution of an agreement between Charles Newton & Associates and a prospective client.