Yesterday, Nadia Benali and I went to a really good event that was organized by SUP46, at Regeringsgatan 65, called How to Hack Slush Meetup.

Slush is an event that is spreading globally with the philosophy to help the next generation of great, world-conquering companies forward1. Founders, speakers, investors and media will be present. This is the place for you as an entrepreneur to find investors, costumers and media mentioning. If you have an idea, then this is the place for you.

Check out their trailer: http://www.slush.org/trailer/

Slush

At the event, we met with several people who had really good ideas and wanted to hear our thoughts about them. One of the ideas, that actually is available today, is called Speak up- you can read more about it on Nadia’s blog post (http://intopreneur.com/?p=2488). Another idea, that is already launched in America, is called Smart Alec. The idea is that you, as a student, can easily book your perfect tutor in whatever subject that you need help with. They have tutors from various universities in America. If you’re interested in visiting their site: https://smartalec.com/

Additionally, I was able to tell about my idea to one of the people there and the response was much better then what I expected. We discussed about how it could be improved and that I should make a good presentation and try to present it at an event- and perhaps have a chance. It was fun to hear this from a person that already had established a successful start-up.

Personally I believe that Slush is an excellent event that enables entrepreneurs to go in the right direction.

So if you have an idea, you should take this oppertunity and go to Slush. You might be our next successful entrepreneur.

 

1 http://www.slush.org/about/what-is-slush/

As vulgar as it sounds, people fuckup all the time and that’s the reason why the organizers name their events as Fuckup Morning Stockholm. Entrepreneurs experience setbacks and failures all the time but learning how to manage these setbacks on the route to success can be a tough journey. However, on the success stories of many entrepreneurs, these setbacks/failures were rarely being discussed. In this event, we had great take-aways from 3 main speakers who spoke about the f***ups they had before they achieved the success they have today.

a. Try and fail but never fail to try

Andreas Vural is the founder and President at Happy Plugs. Integrating fashion, design and music, Andreas created his company – Happy Plugs which sold earphones. One of the setbacks he faced during his entrepreneurial journey is that the ear plugs froze because of the cold weather and it broke when people wrapped their ear phones around their phones. This was a major setback but he did not give up and his product is sold in 6,000+ retailers in over 7000 countries worldwide now. This shows that you must always try and the worst thing is that one fails to put in the effort to try anything.

b. Turn your f***up story into something positive

Emilia de Poret, at the age of 23, was working with a record company and this bring about her pop-star dream. However, for a period of time, she could not contact anyone from the company. As she was wondering what’s wrong, she realized that she got fired by the company. Her dream crashed overnight but after 2 weeks of being in despair, she decided to turn her life around. She took charge of her own life and setup her own music production company which is now a success today. Emilia believes that f***ups do make your life interesting and one should always turn it into something positive. I feel that this is the spirit that entrepreneurs should have because one is likely to face failures and setbacks along the way and if you are able to turn it into something positive, the f***up event might be an opportunity for you instead.

Emilia also talks about her partner and mentioned that one should not do everything alone. Try to find a partner or a team because when there are successes, there will be double happiness and likewise, double f***ups, if it happens. Find people around you to become your partners/teams or network with others and if you find someone interesting, talk to them because you will never know what comes out of it.

c.  Find your customers!

Peder Dinkelspiel is a web entrepreneur with a lot of new ideas and he’s constantly working on new and interesting projects once he has a new idea. He’s inspiring because when someone has an idea, they usually think of a hundred and one reasons to kill the idea but he doesn’t. Peder knew nothing much about technology but with an interest in it, he went on to learn them on his own from the library. In my opinion, not many people have the perseverance to do that but he made it and is now working in the tech-based entrepreneurship industry right now with new ideas springing up every now and then.

During the Q&A session, he was asked about getting investors for his idea. Fortunately for him, he was mainly self-funded and do not have to rely on investors. However, one thing that struck me was when he mention that the most important thing is to find your customers. Once you get your first/second/third customer, they are important for your business. This is so much better than finding an investor because having customers prove that there is a potential for the idea to work in future.

The event has been an eye-opener for me and I have indeed learnt a lot from the session. (:

Why I picked this course? There is a simple answer to that question being that one day I might be an entrepreneur myself and I really want to be a good one. Specially I want answer for that what I should do when I have good business idea and I want to create profitable company so the biggest cap or black hole in my knowledge is what comes between great idea and running a quite stable and profitable company. The question is really complicated and there is no right answer for it but I think there is good and bad answers. The real job for me is to evaluate the good ones from the bad ones and then create my own vision how to survive the crucial beginning of my company.

I am not quite sure if these blog posts or tweets help me become the master of entrepreneurship but that we will find out. I have studied just a few business courses but rather studied and spoke with others students I get the feeling that entrepreneurship is more like art or black magic than anything else and it is also weird that almost all business students don’t want to create their own company. The more you study business the less you want to create your own business. Maybe one reason for that is the really hard beginning, high risks to fail and usually big investments so in many cases you will sell your whole life for your own business and if you fail hard you will lose everything. But there is also chance for success so if you rock and you rock hard I think that it will be really nice especially if your company or invention can help people around the planet and make this a better place for us.

We will see if this course can give us right keys and tools for creating profitable business which I really hope. So it is now the teacher’s turn to convince us. But still I think the most important parts for success are:

  • good idea,
  • confidence in your own business,
  • vision and
  • great team!

Lastly there is a picture bellow which tells what people think about entrepreneurs and I think the last picture tells the true story what being entrepreneur really will be. I really hope that society or friends are right at least this time!

yritysläppä

Respect

Veikko