45 seconds

I implore every entrepreneur to watch the first 45 seconds of this interview. Ben Lee is an average musician, but an incredible artist. Here he encapsulates the thing that matters the most when starting anything: Permission is not required.

[youtube=http://www.youtube.com/watch?v=olRBElXjLG8]

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Why junk mail matters

Junk mail is not named correctly. It should be called Research Mail, Zeitgeist Mail or something much more complementary.

Here’s a list of great things it does:

  • It tells us what people think they can sell
  • It tells us the price of things, probably our competitors
  • It tells us who can afford to advertise
  • It tells us the economic conditions of the day via the discounts made
  • It display the advances in technology
  • It tells us what’s hot
  • It keeps us in touch with the business environment more than the Wall Street Journal does

It’s an entrepreneurs best friend. Startup blog says read your junk mail.

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the cool thing about blogging

I’ve had to very quickly pull together a social media straetgy for a project I am working on. The timeline I had was a few hours. I’m certain that only due to the fact that I’ve been an avid blogger for a few years was I able to meet the deadline. Blogging creates great habits. It forces us to consider our chosen topic deeply and regularly. (startups & marketing in my case) It forces us to respond to our ideas quickly, to trust their value and publish them anyway, before tomorrow comes. It’s a personal newspaper and our readers want to know what’s new everyday. They’re not looking for perfection, but inspiration.

Whatver we do, are interested in and regardless of our industry, blogging is a must for those of us wanting to get better and faster.

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Fail with pride

I teach Marketing At Melbourne University on a part time basis. One of the things I try to do is stretch my students thinking beyond the traditional marketing arenas. It seems every week we are going through another consumer goods example, or the car industry and lately social media. This week I tried something different and I had a massive fail.

The task was for students to pick a market dominated by 2 brands, and to discuss the points of partity and difference, and how the brand communications and positioning vary. After the students gave me the expected brands:

Herald Sun vs the Age

Facebook vs Myspace

Coke vs Pepsi

Nike vs Addidas

I thought I”d mix it up and asked the group to discuss Capitalism vs Communism.

In the first instance I had to convince the students they were actually brands, and it didn’t improve much from there. The idea fell on deaf ears. It was so far outside of their expectations on what marketing is (consumer goods, shiny products and TV advertising) that they lost interest. I ended up spending the remaining 45 minutes of the tutorial explaining why they are both brands which are managed exactly the same way corporations manage them. It was meant to be a discussion. I failed.

After the initial disappointment and embarrassment wore off, I was pretty happy with it. I’m glad I tried to stretch the students. I’m glad I tried something different, and maybe next week, their minds will be more open.

Startup blog says: Fail with pride.

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You’re in good company

This blog is an example of compound effort. Yes, just like interest, effort compounds too. In the 4 years I’ve been writing it every month the readership has increased. With no real marketing of the blog. Just good solid writing, be open and honest, sharing insights, and letting the wondrous SEO of wordpress do the rest on Google for me. A few things worth considering if you’re into blogging and want to build an audience.

  • I have written 1 blog entry for every day this blog has been live. Consistency and frequency matter.
  • Every entry is on the same topic. Startups and Entrepreneurship. I stay focused by having one of these two words in every entry.
  • I love the topic my blog is about. I find it fascinating and would still write it if nobody was reading.
  • 70% of my traffic is Long Tail, which means that every entry increases my total traffic flow.
  • It taught me more about digital media and the internet that anything else I have done.

Of all things I have done in my career writing this blog has generated the most value. It has documented my thoughts, improved my thinking, built discipline, created a reputation, generated media coverage for rentoid, launched me as a business journalist in other business magazines, it places me number 1 in Google searches for the term startup blog in every country in the world and has built friendships and helped others.

If you read this blog regularly you are among 70,000 other people every month. So you’re in good company. Thanks for reading.

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Building your personal brand

One of the sections at Startup School is building personal brands. Which are of increasing importance in the entrepreneurial sphere. Once upon a time our business reputation built a personal brand. Recently things have flipped somewhat where our personal brands are used to build our business ones. Jay Z style… It just so happens that it works on a micro level as well.

Build a personal reputation, as a smart, caring,  and giving person in this new business context (or have some hit song and Hip Hop wars) and you’ll be on the way to building an external financial brand.

So here’s some nuggets from Startup School to get excited about:

[slideshare id=2482471&doc=startupschool-personalbrandingforslideshare-091112045944-phpapp02]

Startup School

Great learning environment

Our environment shapes our behavior. Inspiring places create inspirational events, and with that in mind I’ve booked an Incredible location for Startup School Melbourne. The uber groovy Lindrum Hotel. Where the coffee and ambiance are both inspirational. Click on the image to check out the photos I took while checking it out.

Startup School

At the event we’ll have Barrista style coffee (Lattes, Cappucino, espresso) all day – none of this McDonalds style pot of black muck. As well as great food from the restaurant. Even I’m looking forward to it. It’s also a nice space for a drink after and maybe a game of billiards together.

Still a seat for you. Click here to book: http://www.startupschool.com.au/ and join us in the mass corporate cubicle exodus 😉

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