Tag Archive for 'Inspiration'

The Business in Running a Marathon

We’re world famous for being humble“: That’s how I used to portray MySQL AB for the press and for our user community. Humility and ambition is a great combination to rely upon when building a business, and when running long-distance. With Stockholm Marathon coming up in just a matter of days, here’s my take on what you can learn from running when founding an IT startup.

As an illustration of the similarity of business endurance with running stamina, I’m taking the Seven Steps of Runnism. Runnism is the Religion of Running, which I’m establishing with a combination of humour and seriousness. Yes, it has its own Twitter ID, its Facebook page, its web site, and its YouTube introductory video (and video explanation of the Seven Steps). And if you think the humble ambition of founding a world religion qualifies for proclaiming me insane, then I won’t argue with you.

Picture yourself running the Stockholm marathon (on the right, that’s me running my first Stockholm marathon in 2000). You’re well trained. At km 25, you’re not dead tired as you haven’t run into The Wall. You’re enjoying yourself. The crowd is cheering. The drums keep you running faster than you’d believed. You manage the high Västerbron bridge without walking, much less puking. The last 5-10 km, you will at times rely on sheer will power. When entering the Olympic Stadium, you’ve forgotten how tired you are. More crowds cheering! More music! Your name is publicly listed! You finish with a new personal record, exhausted but happy to have reached your goal.

How can we transport this picture into business? Your goal may be a public listing or a trade sale, or it may simply be a successful launch of a new Web 2.0 offering. The values that take you to your goal are similar in running and in business.

Let’s take a look at the Seven Steps, Runnism’s core beliefs:

  1. A true Runnist lives life to the fullest. Running makes for a more profound life, a deeper understanding of yourself. So does establishing a new company. Had I not run a couple of marathons or established a couple of companies, I would have missed out on a lot of what makes life worth living.
  2. A true Runnist values long-term health. Without long-term financial health, you’re unlikely to see credible value in a company. Sure, you can sacrifice long-term health and perhaps finish a race quicker. But why do you run? Hopefully not just to brag about your finish time. The analogy to a trade sale or an IPO should be apparent: You’re hopefully caring for your long-term reputation in the industry.
  3. A true Runnist understands well-being doesn’t come without sacrifice. You cannot drink, eat or stay awake without certain constraints. You might even experience some initial resistance from your inner self, before running is second nature to you. To succeed in business, you’ll also need to focus, focus, focus. Say no. During hectic phases, there may be time for nothing more than your business.
  4. A true Runnist competes only against his or her earlier self. Few of us think “I can do better than Larry Ellison”, or Haile Gebrselassie. And you don’t need to. Focus primarily on your own performance. And when running, unless you’re Haile, never mind the competition. In business, though, keep an eye on the competition; the Fourth Step doesn’t fully apply to business.
  5. A true Runnist improves gradually, not overnight. Incremental improvement rules in running and in business alike! Small steps accumulate. You may at times progress quicker, and occasionally find a plateau. Expecting instant success will lead to disappointment, getting out of business, heading back for the couch.
  6. A true Runnist may occasionally feel pain but seldom suffers. You may get a sore on your foot. You may even fall. Yet, if you listen to your body and don’t overdo it, those small nuisances are far overshadowed by the happiness endorphines. Similarly, non-entrepreneur friends may overinterpret the difficulties you occasionally go through in business.
  7. A true Runnist sees running as a gift, not a burden. “Why on earth do you run, out of your own free will?” — I had a bit of that reasoning before becoming a runner. Nowadays, I reward myself for a job well done, by going out for a run, whatever the weather. In business, you’re also hardly likely to succeed if you see your job as a burden. Enjoy running! Enjoy your web startup!

Inspired to go out for a run, or would you prefer to work on your a Web 2.0 business? No need to choose. You can do both. Runners get more endurance for long-term undertakings, so worshipping physical well-being goes hand in hand with building business.

And, are you running the Stockholm Marathon 2010? Lucky you, if you are! When I wanted to register, it was too late. So this year, I’m missing a big, early-June Scandinavian, Interactive Media Event with over 20.000 highly energetic participants. But I’ll be sure to register in time for the slightly smaller event in November.

Links:

SIME Talks S2 Episode 9 : Data Overload? Watch this TED Talk and Think Again

Data Overload – cannot sift through information fast? Have to read piles of useless information before finding the content you are looking for? You typically spend a lot of time finding authentic articles on Google?

CNN has a decent cover on information overload

Well, information overload is an accepted residue from the internet era. There is to be more content produced in the next 1 year than the amount of information produced from the existence of man kind till now – that’s quite some stats ain’t it. Youtube alone has more viewers than the big 3 media houses in the US combined (the media houses can catch up in volume if they aired 365/24/7 from 1948 which was when ABC started broadcasting).

Watch this video to get wow-ed on some mind blowing stats

Back to the point, data overload is a serious issue plaguing brands, media companies and readers alike. Brands get lost in the buzz, media companies own so much data that they need to find smart ways to connect the information to revenue, and readers need to find information they are looking for in whichever medium they want to in the fastest possible time. At some level, its a search and find problem, but the web today is a collection of web pages. Not to be says Microsoft and Live Labs which think web should be pivoted around a collection of information and data made for you.

Here is a riveting TED Talk you must watch. Stop doing what you got, and spend the next 360 seconds with this man. He is taking you into the future and bringing you back in 360.

SIME Talks Season 2, Episode 2: Young entrepreneurs, listen to this.

Young entrepreneurs, listen to this.

There is no secret recipe to reach the top, but listening to this might atleast give you inspiration, help you correct your mistakes faster, understand what makes things work, the value of partnerships and business alliances, risk taking approach, the importance of finding the right team to work with, learning quick from failures and ultimately putting in those long hours day and night. May be the usual run of the mill if you read the text, but listening to these experts and entrepreneurs talk might atleast rekindle that lost memory, the hidden thought and hopefully supply some fuel to excel in these cold long days. The first advise I got from my mentor couple of years back was “Having a great idea is a liability without the right execution”, and these are such very valuable insights that reshapes the way you think about your business. This is a great resource, thanks to 23business for interviewing the folks at SIME 2009, editing and putting all the thoughts cohesively.

SIME Stockholm 2009 – Tips and advices for young entrepreneurs from 23tv.de on Vimeo.

SIME Stockholm: 4 Dimensions of Digital Opportunities

SIME is all about digital opportunities. And at this year’s SIME Stockholm, we present to you the 4 dimensions of digital opportunities:

1: Inspiration

Inspiration comes from every single atom of SIME. But of course the main drivers are the various speakers and thought leaders, panels and the quality of the conference itself.

Find some of the inspiration ambassadors who are going to be SIME this year here.

2. Business

Business through Networking Bazaars where we are dedicated to making you meet all the people that you are interested in meeting of the over 1 000 thought leaders, entrepreneurs, communications experts, developers, venture capitalists, marketers and of course the SIME speakers and guests from all over the world.

The Experience Manager ensures you meet the people you want to; meet the speakers corner is a natural hang out place for the speakers after their show on stage, truly in the spirit of SIME always ready to mingle and have a discussion with you; demo zone for you to play and see some funky stuff; nominees plaza, a place for you to catch the digital stars – emerging and the current biggies and finally, a welcome to Stockholm counter for you to understand and get all the local expertise for you to expand your business into Sweden.

A detailed idea of the different facets of the networking bazaar here

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SIME Talks – inspired from TED

We all love TED, great inspiration, great knowledge and great entertainment. Quite interestingly, TED has this weekly routine of putting up their talk shows as TED Talks for the world to see. And we thought why not we spread knowledge the same way through our nodes at SIME. So came to life the idea of having SIME Talks.

SIME Talks will feature interviews from some of the pioneers and innovators in the digital arena, mostly from Sweden to begin with, and as we get closer to the SIME days, we will have more from our international friends. Of course there will be some archive material from previous SIME that are still relevant. We already have one from Stephen Parish, a propeller head from SUN Microsystems below, talking about why startup’s need to watch out for the price of failure more than the cost of success, and how cloud computing is helping reduce the price of failure, a very poignant statement indeed. So beginning next Wednesday July 29, there will be talks that go live in the SIME blog every week for us to start a discussion about.

We encourage all of you to take this opportunity to discuss, engage and connect with like minded souls around the SIME ecosystem. And oh, we also have a series of guest bloggers lined up for the fall who are very happy to share some of their interesting thoughts. And there is also going to be some cross posting from Thomas Crampton’s blog, Martin Varsavsky and other thought leaders in the coming days.

Wishing you all happy inspiration times!