Should we be afraid to make mistakes? Is this attitude, instilled upon us since the beginning of our education, holding us from reaching true potential? Now, I’m not saying to embrace being wrong, but to have the willingness to not let it hold you back. Here is an inspirational video that really hit home for me. It shows some how some of the most inspirational people rebounded from their failures to achieve great success.
Failure: preparation to success
Which B-Schools Practice What They Preach?
Here’s a concept: pick up a business magazine and cut out all the B-school ads, then compare them to see which practices what they preach: i.e., who excels or fails at positioning, audience segmentation, competitive analysis, product definition, sales and other Business 101 cornerstones.
Better yet, add the 3-Second Advertising Rule in your evaluation process to determine how effective their positions are conveyed.
I did just that with the Harvard Business Review (March 2010) while waiting for a flight at Denver Airport. Here’s what I found:
PAGE 7, MICHIGAN UNIVERSITY
In 3 seconds, I was able to decipher that Michigan had a clever headline, but their message went right by me as I didn’t care to read the fineprint. In fact, the only reason I knew it was a B-school ad was because I re-skimmed the magazine specifically looking for B-school ads.
Now I was taught that selling a solution to a negative circumstance is much more compelling than selling to a positive benefit. In this case, their position simply doesn’t hit any angsts or sweet spots for me. That, in combination with some pretty poor graphic design sinks the ad.
On the point of graphic design, their’s simply doesn’t help as the headline could have been reinforced with a picture. Like may be a tree top with juicy fruits. Or a good-looking biz student/professional person reaching up to pick a sweet fruit. Further, the fineprint could have been made more readable by cutting the copy and providing higher text contrast, especially the yellow “Ross School of Business.”
The Grade? Hmmm... I don’t want to be a butt, but my butt tells me theirs is in the bottom half. Butt read on…
PAGE 13, WHARTON
Wharton crosses their t’s and dots their i’s in this ad. They do a pretty decent job in defining their product. And they successfully target and talk to executive program candidates. Even better, they only bought 3/4 of the page so did their message more cost-effectively that Michigan.
But their headline is like a yard teacher’s scolding. It’s b-o-r-i-n-g. This ad is actually the antithesis of Michigan’s. Michigan starts with a nice emotional statement but doesn’t deliver the left-brain intellectual goods. This ad on the other hand is all left-brain without much emotional appeal.
Now Wharton might argue that many business people are left-brainers, but the fact is that the best candidates are well-balanced people and almost all of us are really more right-brainers. If you like the movies, you have a strong taste for right-brain emotional stuff.
And what’s up with the “best leaders” fading away so apologetically? Heck, it oughta jump out at you like a President trying to pass a healthcare initiative.
The Grade: S for “Stiff” Try a few drinks or ‘shrooms and try it again.
PAGE 17, STANFORD
This, and the next ad, are what precipitated this post. Now I’ve never been a Stanford fan (I’m a UC Berkeley grad) but I gotta hand it to the Tree Guys: their ad rocks. They know their audience, they get the product description right, they even do it cheap with a 3/4 page ad.
But what’s really great about this ad is that they get the angst of the time, define a solution and give hope for the future. Read it and you’ll find your head wagging like a piece of ceramic on a spring in the back dashboard of your car.
But wait! There’s more! Stanford really raises the stakes by placing a pic of a young-ish blond hot chick with fake glasses and still perky boobs smiling at you. As if Stanford… we know your rep… but it works.
The Grade: A+
PAGE 37, ST. LOUIS (WASHINGTON UNIVERSITY)
We all know it’s hard to follow a great act, but the placement of this ad in combination with the similar headlines makes this a big “whoops.”
B-schools teach the theory of 4 P’s: Product, Place, Promotion and Price… and well, St. Louis pretty much failed on the third P which results in a rather embarrassing, “me too” headline.
On top of that, their terms aren’t as good as Stanford’s… and they have no hot babe in their ad. May be a younger, hotter, blonder, bigger boobed chick with bigger glasses would have save it…
The Grade: In this context, a big goose egg… but check out HBR in future editions to see if St Louis evolves their position or winds up with more egg on their face.
PAGE 51, HARVARD
Harvard had the home court advantage as HBR is their own magazine. Which means that they were uniquely positioned to study all of the competitor ads and placements before finalizing their own. It should have been an easy score… But it looks like they either punted or fumbled.
This as is like a bad Rorshach Test. I first saw a big question mark because I was like, “huh?” Then I thought, “oh may be it’s supposed to be a dollar sign – but it’s backwards – so does that mean negative money?” And finally I thought that may be Harvard is mixed up like a maze and if you go there, you’ll like a big bug crawling all over a question mark… I must not be Harvard material ’cause I don’t get it.
The Grade: Most definitively a resounding, “huh?”
PAGE 109, AMERICAN COLLEGE
I dunno much about this school, but apparently you get to sail a lot... now that’s a good way to become a leader in financial services!
The Grade: I don’t sail, so I’m not qualified to rate this ad.
PAGE 125, CASE WESTERN RESERVE UNIVERSITY
Correct me if I’m wrong, but this small ad, in all it’s generic glory, stuck in the back of a $16.95/issue magazine, doesn’t seem to be very well positioned to capture the kind of folks that read the Harvard Business Review.
The Grade: It’s in the back for a reason… Retool. Rethink. Rebound.
BOTTOM LINE: As far as using HBR ads to determine who knows business, the overwhelming vote goes to Stanford… but if you want to go there, know that it ain’t easy to get in… and that you gotta pay crazy high tuition… and most importantly, you’d never be able to live down The Play… just kidding… NOT!
Go Bears!
How to Pitch Your Biz: The Accelerator at SXSW 2010
So we’re here at SXSW, the big interactive conference in Austin Texas where the cool kids congregate every year. It’s a happenin’ environment with big people and big ideas. And there’s this thing here called The Accelerator, which is a chance to pitch your Big Idea to a bunch of in-the-know investment guys.
If you take the mic, you get 2 minutes to introduce your play, then 10 minutes of Q & A follow. Believe you me, if you don’t have your ducks in order, your’ll be on the spit, charbroiled and plated before the end of your 12 minutes.
So sitting here in the cheap seats, I’ve come up with a list of tips to help your waddle toward success.
10 Tip to Pitching Your Big Idea
1. K.I.S.S – Keep It Simple Smartguy! 2 Minutes Isn’t Much Time. Stick to the basics in that first two minutes which means presenting: a. the Need or Problem, b. Your Solution (demo if possible), c. Biz Model, d. Sales Strategy and, e. Management Team. Keep it simple and leave the rest for the question period.
2. Define a Significant Problem or Issue. Don’t be a techno-nerd. You may be fascinated with theory, nuts and/or bolts, but you gotta get real in explaining why the real world will want your stuff. Tip: if you’re a left-brain intellectual, seek out the furthest right-brain person and see if they can’t help you find the market-side coolness of your play.
3. Talk About What You Have, not about what you hope to have. You gotta have the goods. Anyone can have a big idea, but you need to establish that you’re the person to do the deal. Creating a product that Google could slap you upside the head on isn’t a very fundable play.
4. Do a Demo. Especially for plays that are highly technical, demos work better than technical dissertations. Make it tangible.
5. Define a Ramp Strategy. Nobody’s going to give you a blank check. And in fact, you’ll likely have to boot-strap or go to Aunty So-And-So for your first round. So define a strategy that gets you off the ground.
6. Define How You’ll Make Money. Know how your cash register will fill and how much you can reasonably expect to garner (at least research and projections) to back up your ideas.
7. Define a Clear Marketing & Sales Strategy. They gotta know how you’ll get the word out and what will keep patrons coming back. This year, one of the big themes is how you’ll use online social networking to push your message. Be clear. Be clever.
8. Don’t Get Argumentative. VC guys know what’s up and they’ll call you to the mat on stuff you haven’t defined yet. Consider it a blessing that someone reveals a weakness to you because it’s what you don’t know that’ll slam you in the future. In this world, it’s OK to not know something, that’s what being a startup is about. But it’s definitely not cool to be in denial.
9. Use Pictures. Slides are great to present and should be dominated by pics, not bullet points.
10. Be Real. Don’t puff, don’t be elusive, don’t be showy. When it comes to startups, everyone in these rooms has x-ray vision, which means that they can see right through your underwear and into your core. So just be honest, humble and let your idea show through.
Do You Have Passion Blindness?
Passion is an essential ingredient in business, but it also has it’s down-side risks. So beware of its mesmerizing effects. The danger: while passion motivates, it can also be blinding and lead to ultimate failure.
CURES for 5 common forms of Passion Blindness:
1. Entitlement Blind: You have a Big Idea. But are you the best competitor to make it a business? One sure bet is that if you’re successful, others will want to horn-in. And they might have superior resources and connections to overcome your early lead. Don’t waste your time proving markets for others. And define how you’ll keep others out of your grill. For more, see Stickypitch Wizard Tip, Dig in Early.
2. Business Model Blind: Launching a business can be exciting. But the real measure of success is long-term profitability. Don’t be an Icarus: sure he got off the ground, he even soared for a bit, but as he got closer to the sun, the wax on his wings melted and he failed in the end. Look beyond the fun of the present and make sure you can sustain your flight path. For more, see Stickypitch Wizard Tip, Seek Tried & True.
3. Competitor Blind: Passion has a nasty tendency to blur the distinction between objectivity and marketing propaganda. Acknowledge your competitors’ strengths. Your goal should be to learn from them. Watch them. Stalk them. Don’t get blind-sided. For more, see Stickypitch Wizard Tip, Don’t Be Hat’in.
4. Audience Blind: Ever heard a mission statement that sounds like, “We will be the preeminent… $1billion dollar a year… blah, blah, blah…”? That’s passion blindness at work. Sure you can have lofty goals, but it’s more effective to focus on the needs and wants of your audience. Don’t make it about you, make it about them. For more, see Stickypitch Wizard Tip, Deliver Their Dreams.
5. Profit Blind: You’re all into your product. Cool. But profitability is often less about signature products and more about the “other” stuff. Fancy folks call this “merchandising” and it drives your bottom line. So look beyond the obvious and get smart with your product mix. For more, see Stickypitch Wizard Tip, Find “Extra” Profits.
GOT PERSPECTIVE? Share your thoughts or stories on Passion Blindness.
2010! How to Make This Your Decade
A new decade looms. And the horizon clouds with the possibilities of 2012 Armageddon and recessionary storm. But whenever things shake big, there’s big money to be made.
Add to this the wisdom of my Uncle Ed who once told me, “The more money that goes through your hands, the more chance that some of it will stick” and you might agree that success is imminent. Heck, Uncle must know what he’s talking about because he had a pretty good run as a Baptist minister. So recession or not, have faith that God will provide a tomorrow and that your plate will be full. In fact, you might consider it a good time to go all in. Bet the farm that this is the time to make something BIG.
2010 is an opportunity to create YOUR DECADE. How do you make it so? Start your journey. Board. Cast off. Chart a new course, open your sails and trust the winds of God to take you on the adventure of your life. And if you still have one foot on the dock when it sets sail, remind yourself that life doesn’t happen in cubicles and that you’ll have all of eternity to rot in a box. Start living NOW. Take the Red Pill. 2010 is your time.
Still a land-lubber? Here’s a few sound bites to inspire you to pull anchor and cast off to success:
- Light tomorrow with today ~ Elizabeth Barrett Browning
- Don’t stay in bed, unless you can make money in bed. ~ George Burns
- Get Busy livin’ or get busy dyin’. ~ Tim Robbins as Andy Dufresne in The Shawshank Redemption
Make something of your life. 2010 is the perfect time to start your legacy. There’s a world in need out there. So make things happen and be a player in change. How to make success and happiness in the decade of 2010?
JUST DO IT!
Happy 2010!
Jerry McGuire Writes a Mission Statement
OPENING SCENE: Jerry’s hands dance over a keyboard as he writes a new and improved mission statement for his company – that only gets him fired.
CUT TO: Jerry’s departure scene in which he pitches others to leave with him to start a new agency. Of course his pitch turns out full-on sappy and not a bit sticky, but at least the goldfish and Renee follow him.
In the movies, drama good: In real life, immediate success better. Try our FREE mission and pitch builder at stickypitch.com
The Storymanager® System is now Stickypitch.com
STOP RIGHT THERE: it’s time to bust a move on the Storymanager brand! Yep, you heard it right. After many nights of midnight oil, we’re finally semi-ready to unveil a few big things here at Storymanager, Inc…
1. Storymanager has been rebranded as Stickypitch.com. The name is more to the point, easier to remember and shorter. For those of you using our now old-skool Storymanager System, you can still logon at legacy.storymanager.com to access your projects. In a few days we’ll transition your projects over to the stickypitch.com and you’ll be able to rock your project stories there. Or you can open a new account at stickypitch.com and just start using the new system.
2. Stickypitch.com is new and improved with a gaggle of new features, a totally new user interface and yes, a totally new brand image.
3. Storymanager, Inc. will continue as the holding company for the stickypitch.com service and other business building tools.
Stay tuned for more details in the days ahead… and be sure to comment your ideas and feedback.
Do you have what it takes to impress a VC?
Have you ever wondered what goes on during a Venture Capitalist (VC) meeting? Have you wondered what questions the VC asks the entrepreneur? How the negotiations for equity / investment are done? What it really means to play ‘hardball’ ?
Check out ABC’s series, “Shark Tank” to see what it really takes to impress a successful investor. The so-called ‘sharks’ consist of a panel of 5 very successful businessmen (and woman).
- Kevin O’Leary: sold his company to Mattel for $3.7 billion
- Daymond John: founder, president, & CEO of FUBU clothing line
- Kevin Harrington: widely acknowledged as the pioneer and architect of the “infomercial” industry.
- Robert Hervajec: sold his first company for $100 million
- Barbara Corcoran: founded a $5 billion real estate business
While it’s entertainment, the dialogue is authentic, or in other words, not scripted like most reality shows these days. Even more than the numbers, this show spotlights the fact that the VCs really do invest in the entrepreneur, not necessarily the product or business.
To watch full episodes of ABC’s Shark Tank, check out this site: http://bit.ly/TIs9B
Fun Counts. Get Some.
Can your business harness fun to drive customer behavior?… Check out this link and see how far a little fun goes! http://www.thefuntheory.com/
Got Good Karma?
I am a strong believer in giving back to the community. We should all do it as individuals and businesses. Giving back just plain feels right. Whether you sponsor the little league team, or allow your workers to volunteer around town, or if you have a full blown corporate cause marketing effort, giving back to your community is pretty cool…it helps those in need, it gives people a sense of purpose, it makes your workers proud, and it connects you to the community. And as a bonus, I think it’s good for your business karma.
Business Karma? …who puts these two words into one phrase?
I do. Now I am not a religious guy…but I really think there is something to this whole business karma thing. I think that giving back to your community is smart business. It builds our brands and drives consumer awareness and loyalty. Nice. But since I can’t really measure this benefit, I wonder what it is I really believe in… maybe Karma? All kidding aside, karma is simply causation…good begets good, bad begets bad, blah blah blah. Not surprising to me…it’s what’s been said in so many ways throughout history:
- Buddists: “Everything that you have done has lead up to what you are now. Everything you do now will lead up to what you will be.”
- Christians: “Whatsoever a man soweth, that shall he also reap.”
- Moms: “If you don’t have anything nice to say, don’t say anything.”
But it is a little surprising that so many businesses don’t seem to get the ”karmic” connection between business generousity and business success. The karmic reactions of customers may be tough to measure, but they are definite and hardwired: generosity begets loyalty. duh. Here too history is rife with examples:
- Mother Teresa, took care the sick, poor and dying, and won the Nobel Peace Prize.
- Google wanted to help people find stuff on the web more easily, gave away a lot of free stuff and became one of the highest market cap companies in the world.
- Martha Stewart, sold Imclone stock on a “tip” and saved $51,000, but derailed a billion$ empire
You may not believe that Karma is a cosmic business force, but just in case it is, figure out how your business can give back to the community and maybe place a little karmic hedge bet to be on the safe side.



