As promoted in the 4 hour work week a media diet is a nice way save time. For entrepreneurs a different type of media diet is required.
A business trends diet
Here’s how – avoid all business related articles as they pertain to new strategies & trends.
Here’s why – We already know enough to be successful. Our problem is doing the stuff.
Unless we are just starting in the business world – we’ve heard every strategy and the fact is that most ‘new’ business ideas are simple derivatives of business theories which have been around since the birth of commerce. Cables channels and tech stuff is the worst. Who’s got the time to read 86 posts from techcrunch every day? – not me.
We ought just trust our judgment and make the call that we know enough to get moving…and the rest we’ll learn on the job…. So in the spirit of this blog entry, ignore the articles you were about to read and get back to your stuff.
I’ve just read the following book. 50 great e-Businesses and the minds behind them. By Emily Ross and Angus Holland. It includes all our favourites over the past 10 years. Put simply it’s insightful.
I really think you should read it, but if you’re time poor like most entrepreneurs here’s my bullet point summary for you:
More than 80% of these businesses were founded and run by non-technical people (web designers / coders etc)
Only a handful actually went viral and had overnight success
‘Fun parks’ build traffic & members quicker than ‘real commercial sites’ (see next blog entry)
The majority did not have VC funding, fancy offices, or even staff. They bootstrapped.
Most took much longer than 2 years to build
The most unexpected and common thing that drove success was cold calling & collaboration
The entrepreneurs behind them we’re driven by the idea, belief and excitement – not only the potential for big money.
Worth a read.
Here’s a great blog entry all entrepreneurs should read from the uber clever crew at 37 signals.
Imagine how different the world will be 13 years from now.
Extending on one of my favourite strategy topics – terrorism, click on the little Al Qaeda dude below to read my latest Australian Anthill rant!