A game-changer for the fitness industry, but not the biggest announcement of the day
Let’s be clear: everyone (except me, apparently) wanted a bigger phone. They’re going to get that with the new iPhone 6 and 6L. And the Apple WATCH, with it’s beautiful design, fitness tracking capabilities and deep integration with the iPhone is going to be a big hit. (A very big hit, in fact.)
But the announcement that stole the show was also the one that you might have missed. It was the introduction of Apple Pay. Apple’s new payment system will work in tandem with an NFC chip built into the phone and rely on the already-popular fingerprint scanning security features. In theory, it will make it simple for you to pay for nearly anything without ever reaching into your wallet.
At launch, there will only be about 200,000 place where you’ll be able to use this new process, but look for that number to grow very rapidly over the next couple of years. The reason this is such a big freaking deal is this: everyday, Americans process more than $12 billion dollars in credit and debit card payments. If they can convert these transactions to happen in their ecosystem, Apple stands to make a tiny percentage on each one of those transaction. A tiny percentage; so small no one will really notice. But pick almost any tiny number you like and then multiply it by 12 billion. The result won’t be so tiny anymore. That’s the size of the market, theoretically available for a cash influx, every single day.
Of course, they won’t get all of them and there are certainly competitors in the market. To be sure, Google Wallet has been around for awhile without making much of a dent in the market. But let’s not forget there were other MP3 players before the iPod and there were other phones before the iPhone and there were other tablets before the iPad. Apple has consistently shown they can become the dominant player in key industries by exercising a willful amount of patience and skillful execution. I fully expect Apple Pay to have precisely the same results.
Might be time to take another look at picking up some Apple stock. (AAPL)
(For a more detailed look at Apple Pay, see this article from The New York Times Technology section: With Apple Pay, a Push Into Mobile Payments)
For this: “I love you, Dad.”
There’s a legend that the Hemingway wrote the greatest short story ever using just six words:
“For sale, baby shoes. Never worn.”
There are many indications that Papa didn’t pen those words or— if he did— was not the first to do so. But the Hemingway attribution persists, as these things often do.
The baby shoes story is illustrative of trying to tell a story with the absolute minimum of works. Generally referred to as flash fiction, the six-word limit led to the idea of the six-word memoir, including a collection published in book form by Smith Magazine in 2008.
Regardless, the point remains: you can say a lot without saying much at all. Which brings me around to my question today.
Why are you doing what you’re doing? Or, put another way, when you’re gone, what do you want people to remember about you?
Recently, my CEO group was tasked with considering these questions and writing our own six-word memoirs. It’s a great exercise that will help you hone in on the things that really keep you going, enabling you to marginalize all the noise and trash that just interferes with clear thinking.
It was also surprisingly difficult to do. In the end, I finally settled on:
For this: “I love you, Dad.”
Do you have your own six-word memoir? If so, I’d love to read it; share it in the comments below. If you haven’t written one yet but want to try, Smith Magazine has some great examples and good inspiration.
Rebecca Alison Meyer
June 7, 2008 – June 7, 2014
Eric Meyer is an expert in what we call Cascading Style Sheets (CSS), which are used to control how things “look” in your web browser. Truth be told, he’s a bit of a legend who has spearheaded the development of making it easier for us to build beautiful things. At Rare Bird, we’re all familiar with his work and some of us have either heard him speak or read his books (or, in a few cases, both.)
A couple of weeks ago, on June 7, his daughter Rebecca passed away. She was six.
Eric and his wife, Kathryn, requested that “those who attend the services and are comfortable wearing purple do so in honor of Rebecca and her favorite color.“ Upon hearing this, a member of the WC3 staff, Dom Hazaël-Massieux, requested that a purple in the CSS color list be named “Becca Purple” in her memory. Eric suggested that it be named “rebeccapurple” instead, because his daughter wanted everyone to call her Rebecca after she turned six, and – after all – she was six for almost 12 hours.
On Saturday, June 21, Rebecca Purple (#663399) was officially added as the 141st color to be recognized by name by all web browsers.
And so, from this tremendous heartbreak, a color is born.
Remembering what they say is the best reason to keep a journal
I was glancing through recent entries in my journal and found this gem from March 9, 2013:
Grace: “It’s been soo long since I was swimming in a pool!”
Char: “I know, it’s great.”
Grace: “It’s so much better than trying to do it in the bathtub!”
I had no memory of this. If I hadn’t written it down, it would have been lost forever. I can’t tell you how many times this has happened to me.
It’s happening to you, too, whether you know it or not. So start writing things down.
For simplicity, I’m using Day One, a Mac-based digital journal that makes it simple to record little items like this and longer form entries. I highly recommend it.
I also found this tip from Michael Hyatt the other day and I’ve been trying it since I read it. I think he’s definitely on to something. His advice? Use a template to prompt your entries. Here’s the (short) article where he lays it out and provides the template he uses. Try it, it works.
Scout has her own reasons for liking the UPS man
Char told me a story yesterday that I hadn’t heard before. It goes like this:
A few years ago, my Mom sent the kids a bunch of cookies for Easter. They arrived by UPS truck. The kids were ecstatic and over-sugared for days. Score a point for Grandma (and, apparently, the UPS man, because after this delivery they’d shout “Cookies!” and head for the door every time they saw the UPS truck.)
Funny enough, until you imagine how their little hearts broke each time it just drove on by – or worse, stopped to deliver something entirely NOT cookies. Still, they associated the sights and sounds of the big brown truck with cookies just as they did the sights and sounds of that creepy van with ice cream of questionable value and provenance. (An aside: I’m not sure where they get the die for the popsicles coming out of the back of the ice cream truck, but let it touch anything and it will stain for life.)
Fast forward to this week, when Char is out walking Scout and the UPS truck comes around the corner and stops at a neighbor’s house. Scout starts dragging her in the direction of truck. As the tug of war continues, Scout stops dead in her tracks and sits in the street. It takes some amount of coaxing to get her moving again.
As they continue their walk, the UPS truck catches up. Again, Scout starts pulling in the direction of the truck. Char’s mystified… until the truck stops, the UPS man hops out and says to Scout, “Aw, good girl, so good to see you again…” and tosses her a treat.
Score another point for the UPS man, who now apparently only delivers dog cookies.
(The kids are looking at you, Grandma.)