Find Your Lightbulb: How to Make Millions from Apparently Impossible Ideas - Softcover

Harris, Mike

Softcover

ISBN 10: 1906465045 ISBN 13: 9781906465049

Verlag: CA, 2008

Inhaltsangabe

Would you love to start your own business but feel daunted by the slim odds of success? Do you dream about making millions but simply don't know where to start? Find Your Lightbulb answers all these questions, helping you to harness your ability to make millions from nothing more than a simple idea. You don't need to be superhuman, you don't need to have funds in the bank - you don't even need to have an amazing idea in order to get started.

Serial entrepreneur Mike Harris shows you that all it takes is enthusiasm, commitment and a willingness to learn. And Mike should know - he's spent the past 20 years creating successful businesses from apparently impossible ideas - ideas which everyone told him would never work. With invaluable business advice and case studies from entrepreneurs and innovators on both sides of the Atlantic, this make-it-happen manual will help you fix the odds of success firmly in your favour.

Über diesen Titel

Über die Autorin bzw. den Autor

Mike Harris was the founding CEO of telephone bank Firstdirect and internet bank Egg; he created two one-billion pound businesses and was credited worldwide. In between these commitments, he was chief executive of Mercury Communications, then the main competitor to BT, where he created an iconic brand and built a multi-billion pound consumer business. He was also chairman of mobile phone company Mercury One-2-One during its early years. One-2-One was bought by T-mobile for $10 billion in 1999.
He is currently chairman and co-founder of digital identity experts Garlik - a company which was created in 2005 in order to give individuals and their families more power over the way their information is used in the digital world. It has the inventor of the World Wide Web - Tim Berners-Lee - on  its advisory board.
Mike is also chairman of innovation at the Royal Bank of Scotland. he was a regular speaker at mid-career MBA courses at the MIT Sloan School of Management between 1996 and 2006 and he often speaks at public seminars and runs private workshops on leadership, innovation and entrepreneurship. His clients have included O₂, IBM, Colt, Intel, Oracle, Adobe and EDS.

Von der hinteren Coverseite

Would you love to start your own business but feel daunted by the slim odds of success? Do you dream about making millions but simply don't know where to start?

Find Your Lightbulb answers all these questions, helping you to harness your ability to make millions from nothing more than a simple idea.

You don't need to be superhuman, you don't need to have funds in the bank - you don't even need to have an amazing idea in order to get started. Serial entrepreneur Mike Harris shows you that all it takes is enthusiasm, commitment and a willingness to learn.

And Mike Should know - he's spent the past 20 years creating successful businesses from apparently impossible ideas - ideas which everyone told him would never work.

With invaluable business advice and case studies from entrepreneurs and innovators on both sides of the Atlantic, this make-it-happen manual will help you fix the odds of success firmly in your favour.

Mike Invites you to plug into the collective wisdom of an army of high-achievers:

• Get started in the most powerful way possible.
• Discover how to deal constructively with the inevitable criticisms
• Learn how to find hundreds of successful ideas.
• Get your business funded.
• Create the most powerful yet often neglected assets possible for your new business.
• Discover the one fundamental principle which characterises all successful leaders.
• Uncover the best kept secret in business.
• Put all of this together in a step-by-step approach to success.

Aus dem Klappentext

Find Your Lightbulb combines Mikes 20 years of invaluable experience from the front line of big business, as well as exclusive "I wish I'd known' advice from leaders in the field of innovation and entrepreneurship. So whether you're stuck on finding an idea, getting funding, or creating a brand, this guide can help you on your way to success, fixing the odds in your favour.

If ever you needed a reason to take charge of our future, this is it.

"Find your Lightbulb is an indispensable guide to getting yourself on the road to success and staying there."
Jamie Murray Wells

"Mike inspired me when I worked for him with his unique combination of vision, innovation and customer focus. Now he has put it all together in this common sense guide."
Terry Rhodes

"Mike thinks the way Virgin does and starts with the customer. (In our case even building a spaceship has been approached from a customer. Perspective as well as a technical one)."
Will Whitehorn

"Packed with practical advice which is going to make a real difference to anyone who reads it from a powerful leader who consistently makes the impossible happen."
Tracy Goss

Auszug. © Genehmigter Nachdruck. Alle Rechte vorbehalten.

Find Your Lightbulb

How to make millions from apparently impossible ideasBy Mike Harris

John Wiley & Sons

Copyright © 2008 Mike Harris
All right reserved.
ISBN: 978-1-90646-504-9

Chapter One

Living the dream

'In each of us there is a private hope and dream which, fulfilled, can be translated into benefit for everyone.' John F. Kennedy, 35th US President

* * *

This book is for people who want to change their lives irrevocably by creating something valuable out of nothing more than a simple idea. There are many ways to make a living, but few are as satisfying as starting your own business and bringing something new into the world.

I've created three billion-pound businesses from scratch and been chairman of a fourth, which was sold for $10bn less than a decade after it started. I'm currently working on my fifth business creation and still enjoying every minute.

Have you ever dreamt that you might be able to do the same - make a million from unleashing your idea into the world? Or have you found excuses and listened to all those people who put you down?

Well, at the end of this chapter I'll tell you exactly what to do to start living your dream. But first let me tell you the most important things I've learned about making ideas happen - things that I firmly believe will motivate you into taking those first few steps.

Enthusiasm conquers all

In May 2002, I found myself arriving by boat at Bill Gates' residence. He was hosting the annual Microsoft dinner for the chief executives of its most important customers. Minutes later I was walking towards his magnificent 50,000 square foot mansion overlooking Lake Washington in Medina, near Seattle. I was full of excitement, mixed with nervous anticipation.

The Microsoft CEO summit is a serious event, with heavy-weight presentations and panel discussions. Despite the networking necessities and obligatory small talk, I was actually really enjoying myself. I'd already had great fun with Jeff Bezos (founder of Amazon),tormenting the technicians by trying to get a prototype of Bill's new enthusiasm, the tablet PC, to work. It turned out the machine we were using was faulty. I had bumped into Warren Buffett, the second richest man in the world and something of a mentor to Bill. Warren asked me how long I'd been married. When I told him I thought it was about 30 years, he responded: 'You must have learned the secret of successful long-term relationships.' When I said not really, he walked away chuckling and turning back towards me muttered, 'Low expectations, that's the secret.'

Later I listened intently as Bill's wife Melinda explained how he was in charge of the network of 40 PCs that ran all of the digital features of their home. It's funny to imagine him doing what an IT administrator in a small company does, but equipping your house with 40 PCs definitely shows an enthusiasm for your own product.

I finally got to shake hands with Bill later that evening.

'Mike Harris, founder of Egg,' I said. 'We're an Internet bank, one of the first in the world and right now the biggest.'

'I know Egg,' Bill replied. 'I gave the keynote at a conference where one of your guys spoke last month.'

I went on to tell Bill that Egg and Microsoft had been working together for a while on some new ideas, and how we seemed to share something of a common philosophy.

The following year Bill was on a platform in front of thousands of people with Egg CIO Tom Ilube. He was demonstrating an Internet banking application that Egg and Microsoft had co-developed to show how emerging technologies such as Vista (Microsoft's then new operating system) could transform customers' experience of using the Web. Bill introduced Egg as 'simply the best example of implementing these new technologies'.

So how did a company such as Egg, which was tiny in comparison to other banks and should have been well under Gates' radar, get so much attention? And why was I able to claim Egg and Microsoft seemed to have something of a common philosophy? And what does all this tell you about making ideas happen?

It's the same answer to all three questions: the ability to infect Others with your own enthusiasm. Bill himself has said that sharing his enthusiasm is what he does best and he's not alone in this fundamental belief.

'I consider my ability to arouse enthusiasm among men the greatest asset I possess.'

Charles Schwabb, US industrialist

* * *

'Flaming enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for success.'

Dale Carnegie, developer of famous courses on self-improvement, salesmanship, corporate training, public speaking and interpersonal skills

* * *

'People will only want to supply you, finance you and buy from you if you have confidence, faith and passion in your product and idea.'

Karen Bilimoria, founder and chief executive of Cobra Beer (from Sodowick and Watts, 2005)

* * *

'Enthusiasm is an unstoppable force and one of the essential ingredients of starting a business successfully.'

Dame Anita Roddick (from Sodowick and Watts, 2005)

* * *

Imagine what it must have been like to be around Bill Gates when he first created Microsoft. He started out with just an idea: to put a PC in every home and on every desk. It must have seemed impossible to everybody at the time, but Bill's enthusiasm would have been infectious. His idea became Microsoft's corporate mission for its first 25 years. It was an idea that was worth tens of billions of dollars to him personally but countless more to the global economy.

The ability to express your enthusiasm and instil it in others is the key to turning your big idea into a reality. The word enthusiasm derives from the Greek word entheos, which translates as `the quality displayed by those possessed by a god'. You don't have to believe in one deity, let alone multiple gods to understand what the Greeks meant. A man or a woman possessed by enthusiasm is a truly unstoppable force.

Imagine how Tim Berners-Lee feels now as he sees the World Wide Web sweep all before it in transforming the lives of billions of people. In 1989, the Web existed as merely an idea. It was only given life because of Tim's enthusiasm for it.

'The dream behind the Web is of a common information space in which we communicate by sharing information. Its universality is essential: the fact that a hypertext link can point to anything, be it personal, local or global, be it draft or highly polished. There was a second part of the dream, too, dependent on the Web being so generally used that it became a realistic mirror (or in fact the primary embodiment) of the ways in which we work and play and socialize. That was that once the state of our interactions was online - we could then use computers to help us analyse it, make sense of what we are doing, where we individually fit in, and how we can better work together.'

Tim Berners-Lee

* * *

Tim's powerful use of the word dream is a very common way in which entrepreneurs express their ambitions.

First steps

People don't get enthused by your idea, people get enthused by you - but only when they are convinced that you are prepared to live your dream. You must therefore prove to them that you are going to take the first step to make it happen, however tentative.

In 1988, I had taken the first step towards making a dream of my own into a reality. I was working as part of a team on a project for Midland Bank (now HSBC). We were creating something new and innovative: a new bank with a new brand. We called it Raincloud at that time but it was ultimately to be Firstdirect - the world's first telephone bank, which would provide outstanding levels of service to its customers, 24 hours a day, seven days a week. By negating branches, recruiting and training only the best staff, and ensuring it was simply the most exciting place to work, we were determined to change the way people banked forever.

While it was easy for me to be enthusiastic about making this happen, it was also easy to be daunted by the prospect of turning it into a profitable business. I was immersed in deep thought about all this one Saturday while walking around the Cotswold town of Chipping Camden with my wife, Sue. She wasn't entirely happy because I was, admittedly, less than exuberant company that day. I followed her into one of the antique shops and began sifting through some old maps when she thrust a wooden frame into my hands. It contained a piece of paper that read:

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now.'

Johann Wolfgang von Goethe

* * *

'There you are - there's your answer' she said. `Stop making a fuss and get on with it.'

That frame has since occupied pride of place on the wall in My office. The words had instantly moved me, although I had no idea who Goethe was at the time. I know now that he was a 19th century German poet and philosopher, and much more besides. His advice to the would-be entrepreneur is excellent.

One small step

Initially, all it takes to get started is enthusiasm, bold commitment and determination. So if you have an idea, why not make the conscious decision to stop dreaming and start it now? If you prefer, the more prosaic 'Stop making a fuss and just get on with it' is also pretty good advice.

The following Monday I decided to do just that. I decided to start the dream that was to become the world's most famous telephone bank, an iconic consumer brand that to this day still stands for the best service you can get from a bank. I called the team together and said, 'Right, we are going to make this happen. I have no idea how, but we are going to go for it.' The next thing I knew, we not only had approval from Midland Bank, but we also had the funds and the show had begun.

Immediately I found myself immersed in chaos - improvising, hustling and loving every minute of it. I found myself thinking alternately 'This is great, we're really on our way' followed by 'Oh my God, I can't do this - how did I ever get into it?'

Back then I relied on instinct and intuition to get things done. But a lifetime spent creating businesses has taught me to do things a bit differently. I now know it takes a lot of courage to take the first step in getting an idea into the world. Everyone is nervous and frightened. I certainly was - panic-stricken might actually be a better description. But what I know now is that while there may be no guarantee of success, you can stack the odds heavily in your favour by learning from others.

I also know that ultimately, win or lose, you will be left with a wealth of memories and fantastic experiences. You will never regret living your dream if you live it full on, holding nothing back. If you don't take some risks you never get anywhere. The rewards can be immense - and I don't just mean financially.

Reap the rewards

In my experience, there is no greater feeling in business than seeing an idea come kicking into the world. I remember feeling this way just before the launch of Firstdirect when I gave my family a tour of the call centre. There was a fantastic buzz about the place - hundreds of highly trained and motivated people bustling around, computers everywhere, systems whirring impressively. Walking around, I felt both immensely proud and totally astonished that we had managed to pull it all together. Just an idea and a bunch of ordinary people had created all of this. It made me feel as though we had really done something extraordinary. It made me feel extraordinary. My kids were even more astonished that their dad, an ordinary sort of a bloke, had been the cause of all of this.

'Areally innovative and exceptional team turned the vision into reality. I still remember the launch party - hundreds of people celebrating months of great cooperation, determined perseverance and clever creativity. I looked back that night on the experience as a real gift in my life and wished that everyone could have that one opportunity, as we did, of trying to build something thoughtful, intelligent and different - and to be able to share it with thousands of people. We were all very exhilarated ...'

Steve Mayers, who came up with the original idea that led to Firstdirect and was the Senior Marketing Manager on the launch team

* * *

Everyone can be extraordinary

Ordinary people who are prepared to do extraordinary things - that's What it takes to get big ideas into the world. You don't need superhuman intelligence or superpowers of any description.

Yes, there are a few super humans around: Gates and Berners-Lee definitely fall into that category. But your normal entrepreneur is just that - normal:

Seb Pole, who created the exciting Pukka Herbs.

Terry Rhodes, who was the strategic brains behind the mobile phone company Celtel.

Alistair Lukies, who created the mobile banking success story MoniLink.

Stef Calcraft, who created the stunningly innovative advertising agency Mother.

David Kelley, who created the celebrated design and innovation consultancy, Ideo.

Barbara Cassani, who created the low-cost airline Go.

Richard Reed, who created Innocent Drinks.

If you met any of them at party, you wouldn't find them vastly different from yourself. What makes them extraordinary is two things, both of which are easily available to you. Firstly, they had genuine enthusiasm for their dream, which they used to infect others. Secondly, they were bold enough to begin their dream.

It's too early to say how much money Seb will make from Pukka, but he's truly living his dream.

Another notable example is Terry Rhodes. I first met him when he was a young economist in the strategy department at Mercury Communications. One day our attentions turned to the future of telephony.

'What about the Africans?' Terry posed. 'They're going to need phones - mobile phones, probably.'

I thought his idea was interesting, but after debating the merits I soon forgot about the entire conversation. Terry, on the other hand, teamed up with entrepreneur Mo Ibrahim to create Celtel, which built a series of mobile telephone companies across Africa. When Celtel was sold in 2005 for a little over $3bn, Terry was well rewarded for living his dream.

Big ideas

A lot of people tell me about their big idea, followed by all the reasons they can't make it happen. Humans seem to be uniquely inventive when it comes to finding excuses about why it's not possible to do something. But by far the most common and destructive excuse is 'My idea is so simple - I'm not sure it's worth that much.'

Let me assure you that simple ideas are sometimes the most powerful - they don't even have to be original. It's how you implement them that counts.

'If you never have a single great idea in your life but become skilled at executing the great ideas of others, you can succeed beyond your wildest dreams. Seek them out and make them work. They do not have to be your ideas. Execution is all in this regard.'

Felix Dennis, entrepreneur and author of How to Get Rich

* * *

Banking by telephone wasn't a particularly complex idea; it wasn't even that original. When Firstdirect was conceived, a few US banks had already set up telephone banking centres to provide an additional service channel that supplemented their branch networks. The genius of Firstdirect was that we created a whole new bank out of the idea of telephone banking, removing the need for branches altogether. It was also fantastically well implemented.

(Continues...)

Excerpted from Find Your Lightbulbby Mike Harris Copyright © 2008 by Mike Harris. Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

Details zur Ausgabe

• Verlag: CA
• Erscheinungsdatum: 2008
• Sprache: Englisch
• ISBN 10: 1906465045
• ISBN 13: 9781906465049
• Einband: Tapa blanda
• Anzahl der Seiten: 274
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar