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Archive for February, 2009

 

It has been four months and probably around 500 phone calls to top marketing and advertising agencies as well as companies trying to talk to them about innovative new ideas that will make them money since I started up the new company in October.

My new business manager and I have been to many meetings and talked to many leading figures in the internet world. It never ceases to amaze me, how much mediocrity there is and how most people prefer to follow than to take a chance whilst pretending they are leading their companies forward.

An over whelming number of so called innovative figures in key positions for growing companies will not even listen to a new idea from people who have made a lot of money for people in the past.

I am amazed that there is such a degree of rigidity when approaching one’s job in the city. It is a rare find to find people are genuinely interested in listening. It seems most people, even people whose responsibility it is, is to bring new ideas to a company prefer to hunker down and pretend the world doesn’t really exist and just get through their day and appear to be doing their job.

Our business is finally taking traction now as we enter into a second round of meetings with key partners, but what a task it has been to get there.

My theory is that there are actually very few innovation centres in the world and that these are actually just one or two people in each place who are true entrepreneurs. They drive everything and everyone just talks the talk and pretends to be innovative.

Most managers and directors, wont even hear an idea. They either don’t even let you present an idea, or they think they are listening but they don’t hear. They somehow have a subconscious block to anything that might change their day to day, or make them visible to people higher up the ladder.

It is no wonder there is a recession going on with the inefficient middle manager nightmares that populate so many of the big companies. It has been said that this recession will be a recession of the middle classes. I hope it shakes out a few of the mediocre middle management whose sole purpose seems to be to pass pieces of paper to other mediocre managers either in their own organisations or in others.

It took Richard Branson a year and half to get his first advertising to get is first magazine off the ground and he spent all that time calling everyone he could. He made it and so will we.

 

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I had an interesting few emails from a fellow trader who seems to have a very similar outlook to trading as me and who also wants to build a trading system.

I am looking forward to putting our heads together to see what we come up with. I think I have needed a kick start back into trading after focusing so much time on the business.

He seems to have a much broader and in depth knowledge of trading than I do, and I have the technical coding skills and knoweldge of psychology of trading which hopefully put together should be enough to come up with a reliable set of tools to form a system.

He has sent me quite a few resources and other blogs to read, so I am going to work my way through them and see what information I can find.

I’ll post anything of value here and let you know how we get on.

It’s very exciting to be back to trading.

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It has been four months since I stopped writing this blog. This was not a conscious decision but more that other things took over and I have been focusing on growing my business rather trading or writing.

I stopped trading both in stocks and spread betting after the major banking crash late last year. I lost a lot of money betting that Barclays would bounce back and it didn’t, it went even further down.

I wanted to maximise the amount of cash I had to put it to best use as at that time there was no more cash coming in. I decided the best place for my cash was to invest it into the business.

After taking an office at Regus (see previous post) I realised I needed to employ someone who knew about calling companies to offer our services. I am no salesman but I recognised that sales is very important in us gaining work going forwards.

This was an important step as realising who should be on the management team is one of the first stages in building a good business.

I employed someone with over 20 years experience in the industry I work in, which is new media and we drew up a business model for going forwards.

We looked at our collective experiences and identified the target clients. We called round and from feedback we received we adapted the model to demand.

We also tried several different ideas in different market sectors.

They key thing we found is that we needed something unique to offer and then offer our main services on top.  This has worked well in getting meetings with large companies.

Over the last 4 months we have partnered with some of the biggest agencies and companies in the UK. We have won a small amount of work to keep us going.

We are now continuing to create meetings and opportunities with large companies and are waiting for a big contract to come out of the meetings we have made.

We have found things much slower than usual due to the current economic climate, with companies taking longer to make decisions and allocate budget. We have found a lot of companies have changed their strategy in keeping staff in house and are looking to outsource their requirements.

This is great for us, as we are an outsource company, but it means that at the moment the industry is in a bit of chaos with job roles appearing and disappearing quickly. This means delays in projects and ultimately business for us. In the medium to long term is should mean much more business.

The aim of the game now is to survive and keep knocking on doors until we get the contract to take us to the next level.

 

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I have decided to carry on writing this blog.

Mainly due to the overwhelming number of emails from readers whose very kind words have encouraged me to continue. I will write some more tomorrow to update you on my situation, where I am at and how things have been going.

So, thank you to all those people who have written to me.

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