Great Dinner Question --
Sara Blakely, founder of Spanx, is the youngest self-made woman billionaire in
history. She attributes her success to a question her dad asked each week at the
dinner table - "what have you failed at this week?" Take
3 minutes to watch this CNN interview with Sara for more hints to her
success - the dinner question segment is right at the 2 minute mark. Interesting
and powerful idea.
Perfect "Newsjacking" Example -- kudos to 3D printing firm Whiteclouds for reacting quickly and taking advantage of Elon Musk's Hyperloop announcement a couple weeks ago. The Hyperloop is Musk's sixth disruptive technology play and his response to the outrageously expensive and relatively slow bullet train California is planning to build between LA and San Fran. Anyway, Whiteclouds jumped on the announcement and within 24 hours built a scale model of the idea and grabbed a bunch of publicity for the stunt -- brilliant!! This is what David Meerman Scott means by "newsjacking" described in his book by the same name. What's happening in the news where you can insert your company into the reporting?
Do What You Love? Maybe Not! -- Josh Frey, EO-DC member and founder of On Sale Promos, is featured in this WSJ article (albeit last year) on why you need to be careful when turning what you love into a business. It's important to be passionate about what you do (keep trimming/delegating tasks that sap your energy) but it may not always be best to do what you're passionate about - a subtle but important distinction. It can end up ruining what was a fun hobby and waste a lot of resources. In turn, solving a problem you become passionate about worked for Sara Blakely - and her passion helped her persevere in the face of many "no's" along the way. Nevertheless, the short article provides a useful caution worth thinking about.
Richard Branson on Mavericks -- "A business needs the occasional difficult, oblique, awkward creative person in the mix," notes Branson in his latest LinkedIn Influencer piece (very short -- takes 1 minute to read). He surrounds this comment with all the necessary warnings - but his bigger point is that there must be real independence of thinking within companies or the best decisions don't get made. It's like the failure question - "how much constructive dissent was there in the management meeting this week?"
Sydney, Brisbane, Perth, Amsterdam, Dubai, and Singapore -- I'll be leading one-day workshops in these cities this fall - and sharing our 3 new one-page tools and updates to the rest. For info:
Sydney Sept 10, Brisbane Sept 11, Perth Sept 12
Amsterdam Sept 18
Dubai Oct 7
Singapore Oct 10