One of the great opportunities to learn something new and expand your horizon is to engage in conversation with someone you don’t agree with. You might still have disagreements after your conversation, but at least you have gotten the opportunity to get some perspective. And boy, do we often need that.
For that reason I always seize on the opportunity to reach out to people who have indicated that a shared experience left them somewhat lost or basically made them quit. Because I want to get a chance to at least understand where things went wrong as seen from the other side.
It is so easy to just ignore people who complain or give something you have done a bad review. And yes, it can be daunting to confront criticism, because if you are passionate about what you do, you know that it is going to sting and even hurt. But it is worth it. It adds perspective. It gives you the opportunity to reflect, which is always good. And no, it won’t kill you.
If you are working on creating anything new, anything outside the norm, you know that it can be a daunting task. You know that it can feel impossible at times, and you know that you can get to the point where you really doubt what you’re doing, and how to proceed with confidence.
Thankfully, there is a great book to support you in your quest. And yes, it is in fact called “How to Lead a Quest”, and it is written by Dr. Jason Fox. I highly recommend it. It is both a super guide, a great inspiration and – at times – a great comfort.
Not only will you get to see that the ups and downs you and your project(s) go through are totally normal and actually a part of the plan and of doing it right. And there are lots and lots of tips and tricks for how to operate, how to set yourself goals, achieve meaningful progress and adapt to core habits of making sure, you stay on the path.
Yesterday I met with an former colleague who stepped down from a C-level job to essentially become a landlord renting out spare rooms in his house and making a nice flexible living doing so. It was very inspiring – and surprising.
We took a walk, and he ‘walked’ me through his business and how he operates it. How he essentially tests every little twist and turn with his guests in order to figure out what works and what doesn’t. And how he always keeps his eye on the operational aspect of it all making sure that the operation is as automated as it can get and relies as little as possible on him actually being there to take care of things.
The operational aspect was mindblowing; always staying one step ahead thinking about everything making sure that what you do is manageable from an operations point-of-view – not making it too complex in the process. The idea is fascinating and intellectually stimulating, and I think there is a lot of value to be had there for start-ups by thinking along the same lines to make things efficient, reduce burn-rate etc. I will definitely be working more on that.
During the years I have met many people who have been incredibly frustrated trying to make good use of Business Model Canvas. They often follow a traditional hype cycle, where they start up enthusiastically and full of energy and purpose only to burn out after a week or two with little progress.
While it is easy to blame the tool, the tool is not to blame here. It is more about how people are trying to use it and how little knowledge they have about effectively using it. Because Business Model Canvas can be an incredible useful tool – if you know how to use it to orchestrate building your business model.
It is a hard thing to teach, so the best thing is to show it. Luckily there is a poster boy example of stellar use of it from the International Business Model Competition in 2013, where OWLET knocked it out of the park and won with their incredible use of the model. Go and watch the video here – and then go and get the true value out of Business Model Canvas.