Category: entrepreneurship

Don’t take any advice

Posted on by Steve Sammartino

While watching Eddie Murphy on Inside The Actors Studio Interview – he said some amazing things which I thought were great for entrepreneurs. When asked by the audience what advice he’d give to any aspiring actors this is what he said:

The advice I would give an actor is not to take any advice from anyone. Because I remember when I was younger, I would ask for advice… because with actors when you make that choice, you know it deep down, and you know in your heart, you know what you wanna do and you know what your abilities are and lots of time advice could screw you up. A great advice story was from Rodney Dangerfield. I did the comic strip in Fort Lauder Dale when I was like 16 or 17 years old and Dangerfield walks in. And the whole room was ‘Oh Dangerfield is here’ – everyone bumped all the comics and no one wanted to go up cause Dangerfield was in the room. And I was so confident back then I was like Mr Dangerfield, I want you to watch my show… I want you to watch.. He said, Oh yeh, I’ll stick around kid. And he watches. And I did my thing, and I was really dirty (with my language) and after the show, he said… ‘Hey kid, you said a lot of bad things there, hey watch your language”. He gave me a big speech about my language and the words I was using, and it really took the wind out of my sails, and I was like WOW, cause I really killed that night…


Then 5 or 6 years later, I’m at the bathroom at Caesars Palace, and Dangerfield comes in and he’s in the urinal right next to me, and I haven’t seen him since that night. I look over and he looks back and said: “Hey, who knew?”

Startup Blog would love to know what advice have you ignored to advantage?

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What Docklands should do

Posted on by Steve Sammartino

I had a function in the Docklands precinct of Melbourne last night. Lot’s of nice waterfront restaurants, popular brand retailers and it’s aesthetically pleasing… yet it is a veritable ghost town. I asked some of the retailers about it and they all told me the same thing…. No one comes here, it’s always quiet.

Sure new precincts take some time to build, but it’s nigh on ten years now and the Docklands still feels like a soulless wind tunnel. Interestingly everyone agrees it will be a cool place, it just isn’t yet.

The Melbourne City Council knows Docklands ain’t what it should be. In order to attract traffic they came up with two of the worst ideas in they’ve had in some time:

1. The Souther Star Observation Wheel – at a cost of $40 million+.

Which is now the wheel of broken dreams and didn’t seem to like hot weather.

2. Free Rent to retailer Costco – A little known fact is that USA retail Costco was wooed to Docklands by Government authorities with the quiet gift of free rent for 3 years. Hoping that would generate foot traffic for the suffering region.

* An equally terrible idea as people drive in from the outer suburbs fill their car boot up with 100 rolls of toilet paper and drive home.

Here’s a simple idea for the Docklands authorities to get people to their empty party:

Free Parking

Yep, sometimes the simplest innovations are the best. People love free parking. …. “Let’s just go to docklands, there is plenty of parking and it’s free” – decision made, party gets started. A simple redirection of the $40 million wheel could have paid for parking for 10 years. It would make Docklands an obvious choice among people wanting food, entertainment and shopping therapy. But in classic government fashion they opted for complex solutions where a simple one existed.

Lesson? Startups ought look for the simple solution first.

The end of television

Posted on by Steve Sammartino

There’s been a lot of talk about the end of television lately. You’ve heard it all. But one simple fact I heard today reminded me today of why television is doomed.

The end of the ratings period.

Yep, that old chestnut. But let’s stop and think for moment what it means and the legacy issues associated with the concept of the rating and non-rating periods.

It was something television could do. It could ‘have a holiday’. It could do this for one simple reason, it had no real competitors. TV broadcasters justified their actions too. They told us that their TV stars needed a break. They told us they were getting ready for the new season with great new episodes and shows. They told us we could enjoy our favourite re-runs. Sure we could go down the the video rental store, but it was much harder than turning on a television and a poor substitute at best.

Today, the end of the ratings period is a continued legacy which proves that broadcasters still don’t get it. We don’t care what time of year it is, we don;’t have to. We still spend money. The economy keeps churning. We still want current, new, exciting information and entertainment. Good news for us is that now we can go elsewhere to get it. And it’s more convenient than TV. It’s on demand, and uninterrupted. The fact that the ratings period still exists today has me flummoxed.

And as long as the television broadcasting industry thinks it can get away with it’s ‘holiday’, it is yet to understand what is happening. It alone is proof TV as an industry, is doomed. This little thing, the non-ratings period, is proof they don’t believe that is the end of their cosy little attention monopoly.

Good bye television, hope you enjoyed your stay.

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Heavy quote

Posted on by Steve Sammartino

Yes I know my enemies…. They’re the teachers who taught me to fight me

compromise,

conformity,

assimilation,

submission

Ignorance,

hypocrisy,

brutality,

the elite

All of which are American dreams.

Turns out they are the enemy of freedom, exploration entrepreneurship to…

Zach De La Rocha.

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Develop a manifesto

Posted on by Steve Sammartino

I developed a manifesto for what rentoid on the weekend which had a tremendous response. It wasn’t designed for anything but clarifying my business beliefs for rentoid. But it’s had over 300 views and 6 embeds in 2 days and turned out to be a pretty cool brand awareness vehicle. All it took was 10 minutes and an honest approach. It’s below.

[slideshare id=2556716&doc=rentoid-commanifesto-091121215409-phpapp02]

Who is the worlds greatest entrepreneur?

Posted on by Steve Sammartino

Steve Jobs?

Bill Gates?

Richard Branson?

Not even close… it’s not a billionaire, not even a millionaire…

It’s William Kambkwamba. William personifies the meaning of the word ‘Entrepreneur’. He has done more with less than any of those above. In all probability William had as little a resource base available as any living person in the free world. This is no exageration.

[youtube=http://www.youtube.com/watch?v=0J_G5EAeL3A]

Here’s why he is the worlds greatest entrepreneur:

– He had no financial resources

– He could not even afford to go to school, had no formal education

– He had to make it work with junk he found lying around

– He is self taught

– He created something incredibly complex

– He did it from a guide in what was then, a foreign language to him

– He built something for the good of others, to help his village

– He was not motivated by money

– He defied ridicule

– He is humble

William is the greatest entrepreneur in the world. William is one of the greatest inspirations I’ve ever had the fortune of being exposed to. Read up on William. Google him. Watch the Youtube videos on William. Absorb what William represents and re-consider what you beleive to be hardship next time you have a tough day. I do.

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