Idea Alive will launch its first business accelerator weekend on the 11th November in Manchester.
A business accelerator weekend is designed to create and form fledgling businesses in a matter of two days – with a presentation to follow a couple of days later to handpicked venture capitalists and business angels.
On the 22nd November, Enterprise Freelance Fair will be celebrating National Freelancers Day – a whole day early – in Manchester.
We’ll be debating the benefits and advantages of freelancers and celebrating their work. We’ve also got some fantastic offers for delegates and of course, we’ll be running our tailored networking sessions in which we match freelancers and potential clients / businesses.
Click for more information – Manchester Freelance Job Fair
Media Modo’s ground breaking eTeamTool has been trialed at the Springboard Accelerator programme – based in University of Cambridge’s IdeaSpace incubator.
Neil Lewis said “early stage teams undergo huge amounts of stress and hence the eTeamTool can be used to help those teams resolve their talent issues and provide a structured way forward to grow their talent and business in parallel.”
“The results of the assessment is that all teams shifted their focus into resolving the team issues that were holding them back from achieving their potential. For one company, this meant working better together and seeking the outside perspective of an experienced chairman. For a second company the CEO acknowledge the need for leadership coaching and the third team was able to define the kind of Sales and Marketing Founder/ CEO that they are looking for”.
Too many business investments fail. Whether the decision is for funding, giving up equity, investment of time or resources, we need a better way.
So, how do we make better investment decisions?
Answer, the Executive Team Tool. Coming soon…
If you would like an early taster of this new product, please contact us…
The Brookson Enterprise Freelance Fair will run again on
16th February 2011 in Manchester
31st March 2011 in Cheshire / Daresbury.
More information at the Enterprise Freelance Fair – bringing successful entrepreneurs and talented freelancers together.
Following on from the research that is being finalised at Manchester Business School and the success of the Enterprise Freelance Fairs, Media Modo will shortly be launching a tool to help founders and startup entrepreneurs to commercialise their products and services with greater success and less cost.
This new service will help the founder to bring his or her products and services to market in the most efficient way possible, both in terms of cash required but also (if necessary) the amount of equity that needs to be shared.
- understand the unique role that the founding entrepreneur plays in their business by identifying their sweet spot and defining any weaknesses and gaps in the business team
- calculate the cost (in cash or equity terms) of filling those gaps and considering alternative strategic options so that we can identify the sweetspot between sharing equity, raising funding and losing control
- recruit any gaps and/ or create a balanced entrepreneurial management team, that will capture the interest of investors and share just enough equity to deliver the cash funding without taking away the motivation of the founder
For more information, please visit eTeamTool.com.
We’ve recently launched the hugely successful Enterprise Freelance Fairs – sponsored by Brookson accountancy services.
Come and find out why we are achieving 100% approval ratings at
Manchester, UK on 9th November 2010, and
Daresbury/ Cheshire on 19th November 2010.
www.EnterpriseFreelanceFair.co.uk
The web is good for somethings.
If I have a spanner, but don’t have a nut that fits – the internet will help me find nuts and someone who can supply them – quickly and cheaply. Great!
But, if I have a business and that business is not growing how I want it to grow – can the internet help? No, not really. I can’t search for ‘business growth’ and expect to find the solution.
So, for product buying the internet is great – but where the solution is not yet defined – or where they may be multiple possible solutions – then the internet doesn’t really work.
Do you remember that child’s game where the child has a plastic table with different shaped holes in it? And the purpose is to find the blocks that fit each different shape? So, the round shape goes in the round hole, the star shape in the star hole and the square shape in the square hole?
Well, the internet (or database searching on the internet) is rather like the square shape, square hole problem solving.
But can it go further?
May be it can – and this is the key aim of the semantic web which seeks to find more subtle meaning in searches and matching.
But, the reality is that after more than a decade of email, massive increase in mobile telephony and wonderful google search algorithms, we still do business by meeting people – face to face – in a similar way.
So, as with so many things, can the internet replace our existing ways of working? No – but it certainly supplement with new ways of working and support existing ones more effectively.
In fact, the key benefit of face to face meetings isn’t reduced or replaced by the internet – so long as those face to face meetings are of a high quality.
And that is now the key question for any business meeting – how good (or what quality) were the conversations?
The low value meetings can easily be replaced by the ability of the internet – through search or social media – to match people.
Hence, Media Modo has been developing high quality face to face business events whilst seeking to use the internet to support and enhance the after-effect of those events. These events began with connecting freelancers in the creative, media, digital and marketing sector meeting potential hirers and entrepreneurs (Enterprise Freelance Fair) but will shortly expand to include face to face encounters between investors and start ups.
However, the key for both events is this – can we improve the quality of conversation?
We believe we can – and we do this via a mix of workshoping and pre-event profiling.
These two elements – combined – help to ensure that attendees are put in the right frame of mind to do business – and share a common language or grammar on how to talk to each other.
Okay, this sounds a bit technical – let me explain it more simply. How good are you at picking out the 5 best people to speak to in a room of 50 delegates? And, when you’ve found them, how do you make the few minutes of talk useful and directed to offering business problem solutions?
Well, even the very best networkers find this difficult – but if there was some way of doing this – without having to become an expert networker – then wouldn’t that improve the quality and value of the business event?
Okay – for this, Media Modo are developing unique profiling algorithms and training/ workshop structures and then integrating these into existing and new events.
If you’d like to know more or hear how we can help you improve your business events, then please get in touch.
How good is the iPad? And can anyone make money from it?
We’ve had a couple of months now to use the tool and download loads of applications (or mini programs) whilst using it to surf the internet and access email.
So, how good is it? Will it make money – for anyone – and if so, who?
Well yes, I give it a B+. That is because it liberates digital books, movies and magazines from a desk and moves them onto a easy to watch portable screen where I can ‘enjoy’ reading / listening / watch digital media again.
But, I only give it a B+, and that it because if fails the beach and bath test and only just makes the bed test.
You see, the difference between a real (ie paper) book and a digital book (on a computer) is that the real book can be taken to the Bs – that is beach, bath, bed, bench, bus and, yes, the bog.
Now, the iPad is sufficiently portable to work on the bus – so great for commuters and travellers. The long battery life also supports this usage. I took mine on a 24 hour boat trip and we had fun with the games and luckily I remembered to download the latest editions of The Times and Financial Times to my iPad so I could read these on route.
The 10 hour battery life was more than enough.
The iPad also works well inside the house or office, so can be read on the sofa and, can just about be read in bed – but if you are likely to fall asleep with your nightly read you might prefer a softback book or newspaper to land on your nose.
The iPad can be used outside, especially if you can avoid very bright days, and I used it to navigate myself around Manchester, UK´s city centre using the excellent google maps (not too much risk of a bright day in Manchester).
However, where the iPad doesn’t work is on the beach. The sun is too bright, the sand too course, and whilst you worry about dropping or having it stolen the real risk is the humidity, or heaven forbid, a wave.
At the end of the day, the iPad is a beautifully designed but sensitive instrument. It is remarkably light, but still much heavier than a paperback and weighs more like a hard back.
So, it scores a B+. It is a remarkable leap forward for digital publishers and hence, it rightly creates lots of excitement.
However, the iPad is only as good as the software/ content / media / apps which you load onto it. So, the future of the iPad depends on what we fill our iPads with and whether the publishers can turn a profit.
A failure to turn a profit for publishers – or at least generate significant revenues – will turn the iPad into a desert. In otherwords, if publishers of games, books, movies, music, books or information or digital tools can’t make money, they won’t develop and so the things you can do with your beautiful iPad will be nothing.
Okay, so who will make the money? In the first instance Apple – but the success of this new medium and therefore Apple’s long term profitability will depend on users buying all the digital media they can.
Don’t forget, Apple also takes a huge 30% cut on anything sold through its istores. So, let’s take 3 major brands and see if they will make money with the iPad.
The FT has an excellent iPad application which is free until the end of July. When this becomes a paying product, I will subscribe. I love the ability to both see the latest data (ie like a website) but also download the current edition (to read off line, on a plane, boat or train). The business news and need to know data of the FT makes this a ‘must have’ for business people like myself. Yes, I will pay for this.
The FT iPad edition currently has a single advertiser which it has inserted into each article – so the advertising doesn’t require me to use a horrid navigation style to reach the articles I want. However, how much can the FT sell this space for? Quite a lot – but to just one advertiser?
Well, the ability to sell space to more advertisers depends on page views – do I reach more on the FT iPad than I used to on the FT website? I can’t measure this for sure – but I think the answer is yes.
The Times also has a clear iPad strategy and they can also put their online content behind a paywall which means I have to pay to read The Times one way or another. I choose to pay the iPad subscription and I’m glad I did. It is much better than an online subscription.
Each day I download that day’s edition and having read /scrolled it, then I am satisfied that I know all the important stories (as well as being able to see that Arsenal still haven’t signed a new goal keeper).
The Times’ navigation works in a different way, and it tries to force you to scroll through the pages – like flicking through the pages of a magazine – because this allows The Times to add adverts for IBM and Lloyds Bank in between the articles. I find these adverts annoying and I prefer the navigation structure of the FT – albeit that The Times will be able to measure a large increase in page views – because I am flicking through very quickly.
The other major development is that the opinion elements of The Times has taken a much higher profile place on the iPad edition. Some of these commentators are excellent, such as the ex-editor of The Economist, and these unique pieces of content plus the overall editorial selection of The Times will keep me as a subscriber.
I am, though, less confident about The Times’ advertising model.
I also downloaded the Rough Guide to Spain through Apple’s iBookstore. My advice to you: don’t!
The Rough Guide to Spain is very disappointing. Instead of a 600 page print book, it turns into 1500 pages on the iPad. I am constantly scrolling to find what I want but it all seems to be about Madrid.
I also used the search facility – to find a small spanish pueblo called ‘Cati’ and I had a series of problems. Firstly, the village was not included (but it did feature in my 10 year old Lonely Planet Guide) and secondly, the search brought up every word that included the term ‘cati’ so any page which included the word ‘communication’ was included. I search through all the results and after 10 minutes found that the book didn’t have what I wanted.
Nor did the book contain a single entry on the region of the Maestrazgo region – where I wanted to visit. This region is akin to Northumberland in the England, so is a significant omission.
All the iPad book did in this instance is demonstrate the lack of content and editorial organisation and that my 10 year old Lonely Planet guide was better. If I’d picked it up in a bookshop I would never have bought it.
So, a refund would be in order, right? Oh no, that is against Apple’s policy. So I’m stuck with a useless book that cost 15 GBP and I can’t even give it to someone else or donate to a library. Useless!
Of course, the iPad offers lots of other media activities, free YouTube videos, Doodle Jump games, Checkers/ Draughts etc… and especially useful are the google maps which are massively improved for the ability to zoom and slide in and out of the maps.
So, games will work well on the iPad, but the repeat revenues will belong to the media groups.
Okay, so who wins? Clearly Apple do. There are enough quality products and variety that every iPad owner will enjoy the machine and keep recommending friends and colleagues to get one too.
Apple also take 30% on sales – so they don’t care who wins – so long as some companies do.
Okay, now the losers. The book publishers. These businesses face a massive increase in costs to rebuild their content to deliver value on the iPad – this is not going to be economically viable for 99% of books. A few key reference books yes – but I don’t see the Rough Guide brand surviving unless it move very quickly.
Now the survivers. The newspapers. These media products have so much to offer, great stories, unique comment, top quality photography that adding video and live feeds is a natural next step. The FT have already done this and The Times is now including video feeds from Sky.
Also, News International (owners of The Times) are plugging the iPad edition massively in their print papers.
Yes, the traffic to The Times online website has dropped 70% since the paywall went up - but that is okay because it wasn’t generating profits anway. Better to have 30 committed readers that advertisers want to reach than 100 that don’t really know why they are on the website.
However, the FT will do better still. The iPad is a natural business information tool and information publishing companies will be looking to deliver their unique content into the iPad.
Of course, the newspapers which close down their free online content and drive the best of their traffic to iPad subscriptions will do well as they will make money whilst also getting rid of the cost burden of maintaining free services online. However, this route works better for larger media groups that also have the news and sports videos to integrate into their iPad editions.
The losers have to be the books. And magazines will fit somewhere in between. Specialist magazines should thrive whilst smaller national newspapers will be bought up and repurposed.
And local newspapers? It will be tough to take these loss making businesses into a successful digital format whilst beating off competitors for the jobs, cars and property advertisers that have already corrupted their business model.
So yes, the iPad does offer media a great opportunity, but it will also massively reform the media landscape.
Online Looks Like a Newspaper?
The great media experiment begins as London’s The Times and Sunday Times erects a paywall that requires online readers to subscribe.
So what are they selling? Simple really, either you buy today’s edition – or you buy a subscription to all the editions this month.
No atomic content sales here! No micro payments of 2p for 1 article – no! Just as we forecast, we have returned to selling newspapers!
Hurray!
The big question now is – can The Times make it work?
Well, time will tell – but let’s take a look at their offer. You have two choices
or
So what does this tell us about strategy?
Clearly, everyone will choose the £1 for 30 days over the £1 for one day! So, the pricing is designed to turn us into subscribers.
And, what are we subscribing to? A £104 per year subscription. Is that a lot or a little? Well, my Economist subscription renewal has just arrived and I’m offered a 47% discount which means I pay £108 per year.
Practically the same then!
What is interesting is how this relates to buying copies at the newstand. Each copy would cost £1 during weekdays and £1.50 for the Saturday paper. The Sunday Times costs £2.
So, add it all up and you ‘could’ spend £442 per year on buying every copy of The Times and The Sunday Times. So, will the offer be shown as 77% off? Well, maybe, but who buys every copy every day? Perhaps a library – but no sane individual?
Hence, there would appear to be a growing practice of charging just over £100 for an annual subscription for a quality news feed.
And it fits well – because even if you took the view that you would only buy the paper 3 times per week plus the a Sunday paper – and not holidays – so 48 weeks of the year – your annual cost would still be £240.
And, of course, this subscription gives you access to the mobile (iphone) edition too – which, if bought through a different iPad subscription is a more expensive £9.99 per month. Now, the iPad edition is not great to navigate – the FT does a far better job – but that is another story.
The point is that the current pricing model adopted by The Times makes internet buying of newspapers a bargain!
Great – so the pricing strategy is clear – and is based on The Economist superbly successful subscription model. Now, will it work?
Want me to get off the fence and answer that? Well, of course, I have to say yes.
Why? Simply, the pricing is very attractive but also based on very sound principles – The Economist probably the best selling subscription product in the world and people are already paying for it – and The Times have taken a leaf out of their book (or newspaper).
do ipad or don't I?
On one hand – 2 million boxes shifted worldwide – so far.
On the other hand, slight disappointment.
Hmmm….
Do I, don’t I? Do I get an iPad, or not?
Well, at a basic level, yes, I want one. Just to be a part of the hype and excitement.
But, there is a version two coming very soon – the data plans that go with the iPad are currently rubbish and duplicate my existing plans… and then there are all the competitor products coming in the Autumn too.
Okay, so we are in business – a tablet device will be mine before the end of the year.
But who’s? iPad doesn’t run flash – that’s kind of annoying. Nor, as my daughter tells me, does it allow me to listen to music whilst reading a digital book – that is a shame (unless I hack it, of course).
But worse of all, Wired Magazine launched on the iPad last week and didn’t quite live up to its billing – and its You Tube videos of how it might look and feel on an iPad.
The complaints? Well, it took too long to download, the experience was poor – although the design was brilliant. Check this site for a further discussion of why the tradition high gloss magazine isn’t translating directly onto the iPad.
So, there we have it – the new digital magazine format – designed for tablet devices – is still up for grabs. No one, has, yet delivered the slam dunk digital magazine on this format. But somehow, there has been pretty broad acceptance that the future lies with tablets – for reading and enjoying media.
And there lies the opportunity ….
The Times and Sunday Times are taking their first steps to charging for news.
You can register at http://www.timesplus.co.uk/welcome/index.htm to get a ‘preview’ of what is to come – and yes, it is all about paying, but it is also about paying for the new generation of digital media.
The point here is that we are about to see a new generation of digital media – perhaps partly inspired by the new devices that can carry it – but far more interactive, graphical and video based, than before.
Interesting development.
Wealth Manager International
Wealth Manager International is a digital magazine published by MediaModo under contract and is aimed at the expat and offshore professional advisor.
“The offshore sector is one of the fastest growing in the financial advice and services business and a magazine designed for this sector and about the people in this industry is long over due” says owner Kevin Turner.
What media looks like on the iPad
So, what is significant about this?
… you are looking at an issue – a publication – no longer looking at atomised content – or a collective of individual pages.
What is clear is that this is a particular issue from a particular time covering all the issues, the scores, the stories and the trivia that were alive and interesting and relevant at that time.
It is an issue. It has a date. In time, it gives a glimpse of what was important back then, when it was published.
Media then, is attempting to return to its roots with its latest devises – that is publishing newspapers, magazines and books – only this time with multi-media content.
Perhaps we should have labled this post Back to the Future?
Media Modo wins contract publishing deal to create, launch and deliver a global digital title focused on the International Financial Adviser sector.
News Stand - Should Look Like This Online?
The FT is not going to ‘sell content’ online but they are going to start to sell daily newspapers online. Remember, the daily newspaper is the essence of any newspaper brand.
In an interesting report (also on the FT) the news was headlined as FT selling content for micropayments.
However, the really interesting news is that the FT is not going to sell individual articles (content) – but individual daily newspapers.
The mooted price is £2 – which is a similar price to what people pay at the newsagents.
It does rather seem that we have a hallelujah moment here. Suddenly, online media looks like offline media only distributed digitally as opposed to via newsagents.
Suddenly, you get the feeling here, what’s the big deal to buy a newspaper for £2? Do you have an issue with that? Of course not.
So, by dropping all this nonsense of online media is different, we can just see digital as a different distribution route for the same ideas.
Of course, there may be a few interesting developments here – such as the daily print newspaper containing a voucher which allows the reader to view it online… to deliver an enhanced brand experience … an automatically download copy to your iPad …. or perhaps not?
It will be interesting to see what the FT does – and then even more interesting to see how the FT adapts its model to reflect consumer response.
But this is the first clear sign that media owners will return to selling packaged and branded goods (in this case a daily newspaper) and stop all the silly nonsense around selling single articles for pennies.
Print media owners figured out years ago that readers didn’t want to stand at the newstand shelling out 2p for each article they found interesting. No, they just wanted to hand over the money, get the package/ paper/ book/ magazine, and take it away.
Not so very different after all?
We Live in Interesting Times! (with apologies to the FT’s We Live in Financial Times strapline)
iPad loaded with New York Times subscription?
Apples’ new iPad was launched to much excitement and so many blogs that it seemed to be pretty pointless giving any further response to the new product – yes, we all agreed, it was wonderful.
However, now the dust is settling, people are beginning to ask – ‘I’ve got a PC or Apple Mac, I’ve got a iPhone or smart phone – do I really need an iPad’?
It is a good question – because the answer is, to paraphrase the reply to Captain Kirk; yes Jim, but not as we know it…
Will the iPad be a better portable computer? Clearly not, because it is designed to synch with a PC or notebook – so not a replacement.
Will it be a better smart phone? Again, no, because it doesn’t have a picture taking camera nor any ability to talk.
So, why then?
Well, the reason that we’ll all have iPads is because we will want the media products that it will stimulate – and that haven’t yet been built!
Essentially, Apple have offered the publishing industry a holy grail – and after 20 years of steady decline, this industry is desperate for good news.
The holy grail is that newspapers – the FT, New York Times, Daily Mail etc … will be able to deliver their product as a whole entity to the iPad each morning.
Sorry for the language here – whole entity – but I’m just trying to say ‘the whole newspaper’ – which means selling a product or brand rather than the common internet language of ‘selling content’.
The media conversations around ‘selling content’ will now die and it will become; selling an iPad subscription to such and such a newspaper or magazine.
Now, here is the crunch, why read the newspaper or magazine on your iPad when it is free online? Simple, because;
a) it will feel like a physical newspaper (or magazine) - you can do the ‘B’s’ that is – take it to the bath, bedroom, beach, bench, bus and, yes, bog. Okay perhaps only the bath is in question – but all other Bs are fully taken care of – this is not so, remember, with you PC (but it might be with your iphone???).
b) it will be delivered to your home ontime and everyday- regardless of the weather, the paper boy or your dog’s desire to chew before delivering. And, we humans, are habitual – that is we like routine and when your newspaper arrives every morning you will read it more regularly than if it does or doesn’t depending on the day or traffic or some other factor
c) thirdly, your newspaper will come alive. You’ll have embedded video reports for news, highlights of the goals, videos explaining health techniques – and you’ll be able to click through to the internet or put favourite items straight into your shopping basket.
Oh yes, the newspapers and magazines will come alive on the iPad – they will be quite different products – and this will allow the publishers to sell them on a subscription basis and advertisers will eat them up – lovely colour and moving image with a direct clickable link for ‘more information’
So, truly, the products and publications that you will want on your iPad haven’t been built yet, but they are coming.
And when they do – you will want (need) an iPad. Perhaps we should start saying; its publishing Jim, but not as we know it…
MediaModo has won a grant from the North West Development Agency (NWDA) to conduct research into an entrepreneurs accrediation award.
“This is award will allow us to create and formalise the process by which entrepreneurs can be recognised for the real life business lessons they have learned and skills they have gained” said Neil Lewis, Media Modo Partner.
He continued, “we expect that banks, business angels, VC funds and fellow entrepeneurs will be able to use the formal accreditation to more effectively select entrepreneurs to lead their business ventures and investments and that the outcome will be a reduction of risk and higher rate of return.”
“This is a very exciting media project that will be delivered through our Rags to Wreckages brand – real life business advice and services to help entrepreneurs succeed” explained Lewis.
The award will be spent at a North West University or research institute.
Do you have a website? Of course you do.
Or perhaps you have a blog? Or have written a book or guide?
Certainly if you are a consultant or part of a business, then that business will have a website, right? And probably a blog? And you might be thinking about a forum or a newsletter?
Or perhaps a whole lot more, audio, video, reports, graphs, moving images and so on?
Either way, you are now publishing, aren’t you?
And, whilst a few websites may remain static digital business cards (and some should simply revert back to this status), the majority of business websites or websites for business people, need updating.
Updating today, and tomorrow, and the week after, and next month? That’s publishing – creating, displaying and distributing new content to the (hopefully growing) band of users.
In fact, how does it look if someone looks at your website and sees the last post or entry is from last year (ie last month, December)? Not good is it?
So, now the tail is wagging the dog. You thought it would be great to have website, you knew you needed to add content to get search engine ranking and so bring in the new enquiries and so forth; only now, the regular blog is getting harder to write. If you send a newsletter it is going out a week late (or two). And you are starting to think, can we keep going?
It is a good question. Or at least, it is good that you are asking the question. Sadly, many websites don’t address this issue – that is, they stagnate and then just sit on the web growing old and damaging your brand.
So, what do you do?
You have a choice, either return your website to a digital business card (such that it doesn’t need updating) or accept that a website is like a magazine and needs to be updated and refreshed on a regular basis.
The reason that so many websites fail, is because they fail to do one of these two things – update and refresh.
We are all publishers now (okay, accept those business that restrict themselves to just a digital business card) and, publishing needs to be done professionally and to a reasonable standard to maintain your brand.
If not, then your website risks joining the other 90% of living dead websites that fill up most of the internet.
Innovation Blog Finding Freelancers and co-founders Idea Alive – Business Accelerator iBusinessAngel