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A trade journal of a still-emerging field, written by Adam Tinworth.

Posts from the Like Minds Category

Like Minds founder Scott Gould

Links to my liveblogs of day two of Like Minds Exeter 2012


Morning


Andrew Gerrard

Afternoon

Harry Duns at work

Like Minds 2012 Exeter audience

Links to my liveblogs of day one of Like Minds Exeter 2012
Morning session:
Afternoon Session:

Fun
:
The Like Minds VIPs in Exeter's Guildhall
A little tipple

John Rosling at Like Minds Exeter

John Rosling, Shirlaws (site dead – find him on Twitter now) “Chief Executive or Chief Entrepreneur? The Future of Business Leadership”

Based on a show of hands of the Like Minds audience, this room contains the highest ratio of entrepreneurship to business ownership John Rosling’s seen.

The defining qualities of entrepreneurs:

  • Set the context – for the people in your organisation and your circles of partnership. Don’t get distracted by the content – you have to focus on the context of the problem, not the details of it. A company he worked with set the context of “freedom”, and they keep that idea in mind whenever they make a decision.
  • Manage the energy – we’re all bundles of energy – getting all that energy moving in one direction is the definition of success. You need to be inspirational. If you’re not, your business can never grow bigger than what you currently manage.
  • Coach, don’t play – you’re not on the field any more. You’re not midfield, feeding forwards. You’re on the touchline. A contact sends a blog post to all his staff every morning. He spends much of his time walking the floor of the business.

Rosling’s theory is that every business in the world understands how it does what it does. Quite a lot of businesses understand what they do – the passion and people and intellectual property that drive it. Very few understand “why”. Who does? Apple.

As an entrepreneur, you have to create the “why”. People won’t get excited by a plan. They will get excited by a dream. The person who understands “how” will always have a job, the person who understands “why” will be the boss.

The generation coming up have grown up in an age of abundance – of information and (for most) wealth. They want things to happen now. They’re not interested in hierarchy. They’ve also seen the cost of the growth – two parents working for a faceless corporate. They want freedom instead. They’ve seen the impact on the environment and the social fabric of the planet of the current model.

That’s the description of an entrepreneur. Over 50% of young people in the US have started a business or have a credible plan to do so. Large corporates are nervous about that. For us, as entrepreneurs, this is good news – structure your business to attract that talent.

What drives people

Dan Pink’s motivation. Autonomy, mastery and purpose are what drive people. If you don’t have a “why”, you won’t get talent.

Building great businesses sounds easy: know why, have a great vision and give people autonomy, mastery and purpose. Is that all we need to do? It’s better than that. What we get to create is wealth. You can drive profit. Valuation = profit x multiple. What the balance of time between profit and multiple?

To him, there’s no conflict between profit and sustainability – profit is an inherent element of sustainability. But if you chase profit, all you get is more profit, not more wealth – culturally or commercially. Each industry has a multiple that people value the business by based on its profit. If you’re in a 1.0 industry – get out.  How do we build real wealth?

Culture and talent – we’re going to enter a period of sustained growth (his personal view). And you need to get your culture right to succeed. And we’ll have a talent shortage – and the right culture will attract talent. But then you drive that culture into product. Culture is now, innovation is tomorrow. You must understand what is unique about the business. Often the things that you believe in sit in the heart of that. Saga used to think that they were a travel company – but realised that they were a company that catered to people in old age.

A lot of what he’s talking about has nothing to do with money. We’re moving to a world beyond money. Talent will follow purpose, not money. Maybe we’re dealers in hope for the future.

Rajeeb Dey – CEO, Enternships

Liveblog of a talk at Like Minds Exeter 2012

Rajeeb dey

Rajeeb graduated in 2008, the year Lehman went down, and, despite some great job offers, he decided to set up in business on his own.

His company is Enternships; the aim is giving working in a startup the same kudos as working in a large organisation as an intern.

Lots of people want to start their own businesses, but never do. Analysis paralysis is a problem – we’re taught to be risk-adverse and to frown at failure. Too many people view entrepreneurship as what you do when you don’t have a job. But it’s about freedom and about meaningful work.

There is hope: there are a lot of bodies out there.

Entrepreneurship is jumping off a cliff and building a parachute on the way down. Are you ready to jump?

LeSanto letweets

I’ve got a busy week ahead of me, liveblogging the Like Minds events at Social Media Week London. Above you can see the spectacular Like Minds social media hub, where Le Santo and I are hard at work; he’s busy livetweeting the events and owning the hashtag.
I’m doing the blogging on the Like Minds site, so I’ll link the posts here:

So, what did I learn at this year’s Like Minds, other than lying around doing absolutely nothing on a Sunday (other than a trip to the tip. Oh, and to Waitrose…) is a good and necessary thing sometimes?
Well, this was, as previously noted, the first time I’ve liveblogged a three day conference and the first time I’ve done that blogging on the conference organiser’s site. Here’s what I learned about that experience:
  • The statue on Cathedral GreenDoing three days of liveblogging and seeing your own site’s traffic drop slightly is an odd experience
  • Being isolated from the traffic stats of the blog you’re writing for feels like blundering around in the dark. I had no idea if my work was having any resonance with the audience whatsoever. This makes me even more determined to make sure our journalists have easy access to blog stats as soon as we can.
  • Being an “official” liveblogger as opposed to a guest one changes your mindset. I felt obligated to blog every speaker session that came up, when normally I’d pick and choose to give myself a break. Instead, I ended up skipping an immersive one day and a lunch the next for a little RnR and a battery charge.
  • Not having power to the seat for liveblogging is a major handicap
  • I was pretty much dead to the world each evening, hiding in the hotel and hitting the sack early to prepare myself for the next day.
  • This was my longest continuous period working with WordPress, and I’d nearly convinced myself to switch this blog over when database errors started cropping up intermittently. That scared me off…
  • It’s interesting to not the differences between what live tweeters pick up, and what my liveblogging tends to emphasise. 
Still, three days of continuous liveblogging is possible, and I’m reasonably pleased with the results, which you can find on the Like Minds site. There’s also a compilation of links to other bloggers’ coverage, too. Onwards to Le Web…

Like
Here’s what I liveblogged yesterday:
And there’s a whole bunch of Like Minds photos on Flickr.
More liveblogging about to begin, and probably some more analytical posts a bit later on. 

Like Minds pre-conference dinner

It’s Tuesday night, it’s late and I’m catching up on admin in a hotel room. I’m here for the Like Minds conference, which runs for the next three days. And, predictably enough, I’ll be live-blogging it. But this live-blogging will be a little bit different. I’m here as a guest of the Live Minds team, and I am the live-blogger for the conference – and that means that I’ll be liveblogging on the Like Minds blog, not here. It’s not something I’ve done before, so it should be an interesting experiment.
And that’s not the only reason it’ll be different. It’s also the first time I’ve attempted to liveblog for three days straight. I’m normally absolutely whacked after two days, so goodness only knows what state I’ll be in by Friday PM. But that’s a long time away. The pre-conference dinner (which was particularly lovely, and at a hotel with special memories for me) is over, my liveblogging kit packed, and I’m ready to hit the sack. See you tomorrow, both here and there…

The end of the year always seems to end up as conference season for me – which is no bad thing. A good conference sends you away full of ideas and enthusiasm for the coming months, and hopefully the current crop will see me intellectually kitted up for the challenges of 2012. 

And I’m delighted to say I’ve been invited to be an official blogger for two forthcoming conferences.

Like Minds
likeminds2011.png
The last few Like Minds events have been some of my most enjoyable and useful times at conferences in the last few years. The Exeter conference, which kicks off next week, has expanded to three days. Scott Gould has invited me to join the conference as an official blogger – I’ll be liveblogging sessions on the Like Minds site – so I’ll be there for all three days. 
If you can conceivably get to Exeter for those three days (19 to 21st October), I really recommend that you do. 
Le Web
LeWeb - Register Now!I can’t quite believe that this will be the sixth Le Web I’ve attended. I know many people who attended the predecessor conferences Les Blogs find that it has grown out of the range they feel comfortable with, but I think I enjoyed the 2010 Le Web at least as much as any other. I’ll be heading to Paris in December as an official blogger once more.
I don’t think there’s any other event where the European and US tech scene meet and mingle quite so much, and I’m really interested to see how the extension of the conference to three days will change how it feels. Let’s hope it’s not bedevilled by snow like it was last year, though… 
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