My always insightful brother, wearing his hat as MD of Slingshot Studios, home of such films as the upcoming Infidel starring Omid Djalili, was asked for his advice on what it took to start innovative companies by Richard Wray of the Guardian… Here’s some of what he said:
Advice when starting an innovative company: work out what the points of industry and consumer resistance to your proposed innovation will be (i.e. vested interests, legacy technology or organisational structures, consumer behaviour etc). Assume they will be uncompromisingly disinterested or actively opposed to change. Work out a SPECIFIC and TESTED plan as to how you will overcome that opposition. Put as much time into that as you do into the innovation itself.
A lot of the people with great ideas you see (on Dragon’s Den and elsewhere) only get as far as the innovation itself. Overcoming cultural change or the perception that things need to be done in a certain way is a massive challenge in all contexts, whether raising money for a startup or deploying a new process or technology within a business. Throw off the status quo, rebel against the man, man.
More on the Slingshot blog and perhaps in the Guardian this weekend. Keeping eyes peeled for brotherly fame.
Cross posted at Division6.