Virgin Media Pioneers is a new initiative here in the UK to help young entrepreneurs ‘make their ideas happen’. It’s an online space where people can get help to develop their idea, pick up new skills and create their own network. The Virgin Media Pioneers Programme is a joint initiative betweenVirgin MediaandEnterprise UK. I’m getting involved in the project as a mentor, giving advice: here’s my first video for them, reminding people that to be a success in business you don’t need to follow the rules, it’s more important to do it your way, and be the smartest not the biggest.
In these turbulent economic times, the wise among us question every business certainty. Business-as-usual hasn’t served individuals, businesses or governments well. Traditional long-term strategy retains its place but, with web based tools revolutionising the speed at which we can launch and test ideas, I think the future requires we bust the myth that we can plan/guess the future and, that we need to UNPLAN OUR BUSINESSES instead.
“How To Unplan Your Business” is my latest project; a collaboration with a friend and former colleague David Sloly.
In my research I have gathered various contributions from entrepreneurs and management thinkers including Tom Peters, Kevin Roberts (Worldwide CEO, Saatchi & Saatchi), Tony Hsieh (CEO, Zappos), David Hieatt (ex CEO Howies), Gary Vaynerchuk, Michael Schrage (prototyping guru) and Alan Webber (founding editor of Fast Company) - all of whom, for different reasons, support the idea.
I’ve always been more stimulated by the ‘making things happen’ bit of business than all that inevitable long-term planning: I like to take ideas to reality, get them out in the marketplace. I have seen too many good business ideas stay in the womb for too long, and get launched too late, or worse, not at all.
Sure, you need to plan a business before you launch it but don’t get lost in five year plans and long term forecasting. In a fast moving market isn’t it often more important to actually get it out there? To DO, not plan? You can still test, prototype and tweak your proposition once it’s out there, getting valuable user feedback you could never get from focus groups and spreadsheets. And with digital tools, it’s easier than ever to rapidly and effectively launch an idea.
So with this in mind I was really excited to hear about 24hour-startup.com. Last month a team from Nonsense London gave themselves 24 hours to conceive, design and promote a new web business. the result is a brand called ‘Dr Hue’ which is now being sold on Ebay.
Okay, so it was a stunt (a good one at that), but proof that you *can* take an idea from blank sheet of paper to the market rapidly. There’s a 3 minute video below which summarises the stages in the 24 hour development.