Just seen this is post 100 for Reconverse! Yey us.
Recently I’ve toyed with the idea of running a “bigger” event in 2013. Our monthly events are great and we’ll continue to lead the way for in boutique networking events in this market, but having lately gone to a few conference style events, my imagination has run away with me. I had this audacious idea to run a huge conference style event, over several days, with world class guest speakers and lots of interactive components and funky social media stuff going on. The HT would trend worldwide, the opening would be like the VMAs and my closing speech would conclude in a blustering “standing O”, as Scorsese, who’s obviously filming the whole event, would pan to one particular lady, with a tear in their eye. OK, maybe that’s over cooking it, but we wanted to do something big.
Then I did the numbers. Hmmmm, maybe not.
It was ego driving that idea because commercially is made no sense at all but I still wanted to do it, and egos kills small businesses. It’s that little part of everyone that wants to be the biggest at anything their passionate about and if you run a small business, there’s usually no one there to stop you from making really stupid decisions. Me attempting to put on that size of an event would have been a really stupid decision and luckily for me, my wife talked me off the ledge. But I see these decisions being made all the time by small businesses, and they’re all made through ego. Just because they’ve given themselves the title of MD, they think “I’m an MD now, no need for me to do anything other than….errrr….MD!” and they go out and hire a sales person, and a finance person etc before they’ve put penny 1 in the bank. Get your hands dirty FFS!
When people talk about VC funding, it makes my skin crawl. Not because I think there’s anything wrong from getting investment, far from it, but it’s the way people band it about, like they’re going to buy eggs from the local Tesco. People talk to me all the time about starting a business themselves and I encourage that, but I hate it when someone with nothing more than a napkin for a business plan, starts to talk about lining up VCs. Maybe I’m from a different era, but for me, you go an get investment once you’ve proven, even on a very small scale, that your idea works and the investment is for scaling. Who would invest in a product to see if it works? Oh yeah, most VCs in the market today. Slap the word social on the side of any old piece of crap and out come the cheque books. ”Thanks Uncle Pete, we’ll be back again for round two, once we’ve blown this lot on bean bags and micro scooters for this massive office we rattle around in.”
Maybe I’m just jealous? Right, I’m off to by a micro scooter to drive around my living room.