Money follows ideas

Lacking the cash to commence a start up is a misnomer. There’s so much cash floating around western markets at present that the owners of this cash simply don’t know what to do with it.

All money in the world resides somewhere based on an idea. Let me explain:

Money in your wallet – based on the idea we’re going shopping, will need cash for lunch or maybe just for an emergency.

Money in the bank – based on the idea we’ll need it at a later date for something more significant and want to save it for this future transaction

Money in shares – based on the idea that this companies fortunes are improving and the money will grow and provide us with dividends and or a capital gain.

Money loaned to us – based on the idea that we can use this money to create something of bigger financial worth than the original loan and the cost of interest repayments.

All money follows an idea. Sometimes both parties profit. Sometimes one party profits, sometimes we all lose. But the thing which there is no doubt about, is the fact that money is out there for any idea, any time.   

If our start up is that idea we ought chase it and give that idea the money it deserves. The better the idea the greater the chance of accessing the money.

Over reactions

Over reactions are omnipresent in humans. The best example is the sharemarket. It is rarely priced at ‘fair value’. The sharemarket sentiment is either overly optimistic or overly pessimistic. 

it seems that managers tend to over react

it seems that employees tend to over react

it seems that VC’s tend to over react

it seems that suppliers tend to over react

it seems that customers tend to over react

The funny things is that over reactions never solve the problem, and often compound them.

Isn’t it refreshing when one of the above has a balanced and considered response to the inevitable issues which pop up in any start up business.

Be refreshing.

10 years from now

You’ll look back in way in which you can’t grasp how much opportunity lay before you.

You’ll consider the freedom of choice you really had which made anything possible.

You’ll see your business ideas, predictions and philosophies transformed into an abundant economic reality.

10 years from now you’ll be able to look back on your choices today.

In 10 years….

…don’t be the shoulda, coulda, woulda guy*.

 

 

 

 

*guy means person at startupblog in a 2008 kind of way!

The experiment – Joseph Jaffe

JJ of Jaffe Juice is running an experiment to test the theory of his new book – Join the conversation. And it’s this:

Use new marketing to prove new marketing (or UNM2PNM for short)

The underlying thinking is that he use the approaches discussed in the book to promote it – hence providing a proof of concept.

So he’s given 150 books to bloggers and the like (me included) who’ll review it and ‘start the conversation’ – good bad or ugly. So when I get it, I’ll review it right here on start up blog.

  

It’ll be an interesting experiment to see how the book does in market.

Google Alerts are rad !

As a courtesy if I ever blog about anyone (good or bad) I let them know it’s there. I did this recently about Neighborhoodies.

  

The founder Michael sent me an email back saying – “I already know… Google Alerts baby! Thanks”.

  

I’ve since set up on things which are of interest to me. It saves me a great deal of time, which at present is my most scarce resource.

  

The really cool thing is it’s better than an RSS feed, because it’s the google bot doing all the hard work crawling the entire web for you. Every nook and cranny.

  

All start ups should set some up on topics of interest; themselves, their startup, their industry, their competitors, their whatever….

google-alerts.jpg

Click on the image above and go straight there…

Do it. Go now. Bye.

Don’t be like Wikipedia

Firstly, I love Wikipedia. To quote Cameron Reilly Everything I know I learnt on Wikipedia.

But the times they are a changin’ – says startup blog.

 wikipedia-logo.gif  

Wiki is at risk of losing the advantage which made it what it is today.  Nat at Pure Caffeine pointed out on Twitter that; “Wikipedia [is not about] creating pseudo structures of what is ‘acceptable’ scholarship”.

 

We couldn’t agree more. Wikipedia is at risk of losing its competitive advantage through moderation of articles by letting the ‘sanctioned few’ decide on what deserves an entry in the peoples encyclopedia.  

 

Correct me if I’m wrong, but…

isn’t that what Wikipedia opposes?

isn’t it “up to the market” to decide”?

shouldn’t we all have equal moderation rights?

  

Pull your socks up Jimmy Wales.

  

Start up lessonwhen something makes you successful – Stick to it.

Don’t let bureaucracy destroy the basic premise of why you made it. Fight the temptation to moderate, assimilate, hydrate your proposition.