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The magic of making mistakes | Edward Relf | TEDxKingstonUponThames


today almost talk to you about the magic

today almost talk to you about the magic of making mistakes so firstly did you

of making mistakes so firstly did you

of making mistakes so firstly did you know that the average human makes about

know that the average human makes about

know that the average human makes about 35,000 decisions every single day by

35,000 decisions every single day by

35,000 decisions every single day by extraordinary and those decisions can

extraordinary and those decisions can

extraordinary and those decisions can roughly be categorized around these six

roughly be categorized around these six

roughly be categorized around these six categories in terms of how we deal with

categories in terms of how we deal with

categories in terms of how we deal with those decisions so whether it’s for

those decisions so whether it’s for

those decisions so whether it’s for clients based on the need to make a

clients based on the need to make a

clients based on the need to make a decision based on some law or regulation

decision based on some law or regulation

decision based on some law or regulation for whether it’s deflection we’ve been

for whether it’s deflection we’ve been

for whether it’s deflection we’ve been playing something you’re passing on a

playing something you’re passing on a

playing something you’re passing on a decision or banner or is a balanced

decision or banner or is a balanced

decision or banner or is a balanced decision so you wait up the pros and

decision so you wait up the pros and

decision so you wait up the pros and cons of make a decision roughly

cons of make a decision roughly

cons of make a decision roughly decisions are made there are only six

decisions are made there are only six

decisions are made there are only six categories that’s obviously a lot of

categories that’s obviously a lot of

categories that’s obviously a lot of decisions that have been made and

decisions that have been made and

decisions that have been made and obviously the potential for a huge

obviously the potential for a huge

obviously the potential for a huge number of mistakes and obviously it’s

number of mistakes and obviously it’s

number of mistakes and obviously it’s the mistakes that I want to really focus

the mistakes that I want to really focus

the mistakes that I want to really focus on today um so people are obviously

on today um so people are obviously

on today um so people are obviously making lots of mistakes but why are they

making lots of mistakes but why are they

making lots of mistakes but why are they making these positive decisions well

making these positive decisions well

making these positive decisions well people when they make decisions they are

people when they make decisions they are

people when they make decisions they are usually making those decisions based on

usually making those decisions based on

usually making those decisions based on the need for a positive outcome so that

the need for a positive outcome so that

the need for a positive outcome so that really got me thinking and I’m pulled

really got me thinking and I’m pulled

really got me thinking and I’m pulled together a very very scientific graph

together a very very scientific graph

together a very very scientific graph which basically shows positive outcomes

which basically shows positive outcomes

which basically shows positive outcomes over time or age actually in this matter

over time or age actually in this matter

over time or age actually in this matter so actually as people start to make more

so actually as people start to make more

so actually as people start to make more more decisions as they progress through

more decisions as they progress through

more decisions as they progress through their life actually what happens is

their life actually what happens is

their life actually what happens is people tend to make more positive

people tend to make more positive

people tend to make more positive decisions because that’s what they learn

decisions because that’s what they learn

decisions because that’s what they learn from the positive outcomes but the

from the positive outcomes but the

from the positive outcomes but the problem for me being an entrepreneur is

problem for me being an entrepreneur is

problem for me being an entrepreneur is that we all know that innovation is

that we all know that innovation is

that we all know that innovation is driven through making mistakes so

driven through making mistakes so

driven through making mistakes so actually I think it’s fairly obvious the

actually I think it’s fairly obvious the

actually I think it’s fairly obvious the same as we get older we tend to make

same as we get older we tend to make

same as we get older we tend to make less mistakes which tends to be why

less mistakes which tends to be why

less mistakes which tends to be why entrepreneurs tend to be just generalize

entrepreneurs tend to be just generalize

entrepreneurs tend to be just generalize it tends to be slightly younger because

it tends to be slightly younger because

it tends to be slightly younger because maybe they haven’t yet learned that fear

maybe they haven’t yet learned that fear

maybe they haven’t yet learned that fear the fear of making mistakes and

the fear of making mistakes and

the fear of making mistakes and obviously mistakes are absolutely

obviously mistakes are absolutely

obviously mistakes are absolutely essential to being an entrepreneur and

essential to being an entrepreneur and

essential to being an entrepreneur and in my space of digital startups when you

in my space of digital startups when you

in my space of digital startups when you continuously make mistakes so that begs

continuously make mistakes so that begs

continuously make mistakes so that begs the question which is why are people so

the question which is why are people so

the question which is why are people so afraid of

afraid of

afraid of six well it’s obviously a very good

six well it’s obviously a very good

six well it’s obviously a very good question I don’t want to tell you a

question I don’t want to tell you a

question I don’t want to tell you a little story and this story is a little

little story and this story is a little

little story and this story is a little bit about me as a very true story so in

bit about me as a very true story so in

bit about me as a very true story so in 1987 I received my first computer now

1987 I received my first computer now

1987 I received my first computer now i’m not sure if anyone knows what this

i’m not sure if anyone knows what this

i’m not sure if anyone knows what this is handy trs-80 the sizes not that’s

is handy trs-80 the sizes not that’s

is handy trs-80 the sizes not that’s very good at least was magical for me

very good at least was magical for me

very good at least was magical for me absolutely magical because it opened my

absolutely magical because it opened my

absolutely magical because it opened my eyes to the ward of program and video

eyes to the ward of program and video

eyes to the ward of program and video games the stacking days of the ZX

games the stacking days of the ZX

games the stacking days of the ZX Spectrum in the Commodore 64 spent all

Spectrum in the Commodore 64 spent all

Spectrum in the Commodore 64 spent all of my time in my bedroom as a rubber

of my time in my bedroom as a rubber

of my time in my bedroom as a rubber raft just coding video games and sending

raft just coding video games and sending

raft just coding video games and sending these game designs to companies and my

these game designs to companies and my

these game designs to companies and my head was burst in the wardens ideas but

head was burst in the wardens ideas but

head was burst in the wardens ideas but ultimately I failed didn’t get any

ultimately I failed didn’t get any

ultimately I failed didn’t get any responses and he really went nowhere and

responses and he really went nowhere and

responses and he really went nowhere and you know I guess the thing with failure

you know I guess the thing with failure

you know I guess the thing with failure is that you just learn from those

is that you just learn from those

is that you just learn from those mistakes I learned a lot and it’s

mistakes I learned a lot and it’s

mistakes I learned a lot and it’s obviously disappointing at a young age

obviously disappointing at a young age

obviously disappointing at a young age not to get any responses back what feel

not to get any responses back what feel

not to get any responses back what feel like the dream my I guess the dream my

like the dream my I guess the dream my

like the dream my I guess the dream my career it just didn’t really materialize

career it just didn’t really materialize

career it just didn’t really materialize but I moved on and what happened when I

but I moved on and what happened when I

but I moved on and what happened when I was correct 12 years old but the

was correct 12 years old but the

was correct 12 years old but the secondary school I was a very very

secondary school I was a very very

secondary school I was a very very interesting time for me because I found

interesting time for me because I found

interesting time for me because I found conquers Congress were amazing everybody

conquers Congress were amazing everybody

conquers Congress were amazing everybody in my school was playing conkers and

in my school was playing conkers and

in my school was playing conkers and that gave me an idea a really really big

that gave me an idea a really really big

that gave me an idea a really really big idea I fought to myself just what if

idea I fought to myself just what if

idea I fought to myself just what if what if i could sell congress now it’s

what if i could sell congress now it’s

what if i could sell congress now it’s quite big things quite audacious but

quite big things quite audacious but

quite big things quite audacious but before I get on to that I just wanted a

before I get on to that I just wanted a

before I get on to that I just wanted a little bit about PPC now I’m sure you’re

little bit about PPC now I’m sure you’re

little bit about PPC now I’m sure you’re all familiar with PPC is anyone know or

all familiar with PPC is anyone know or

all familiar with PPC is anyone know or PPC that’s one lick well I’m glad

PPC that’s one lick well I’m glad

PPC that’s one lick well I’m glad somebody said that yes it usually starts

somebody said that yes it usually starts

somebody said that yes it usually starts with pay-per-click but actually for me

with pay-per-click but actually for me

with pay-per-click but actually for me it was priced program this nice

it was priced program this nice

it was priced program this nice honker was my key metric in terms of

honker was my key metric in terms of

honker was my key metric in terms of track in the market when there’s send

track in the market when there’s send

track in the market when there’s send conquers it put in in high school I will

conquers it put in in high school I will

conquers it put in in high school I will track the the price of these mantras

track the the price of these mantras

track the the price of these mantras over time and just so you know the price

over time and just so you know the price

over time and just so you know the price of a conqueror was about 10 pounds her

of a conqueror was about 10 pounds her

of a conqueror was about 10 pounds her and it was quite quite interested why I

and it was quite quite interested why I

and it was quite quite interested why I saw happen because the interest infinity

saw happen because the interest infinity

saw happen because the interest infinity of my high school so we have a single

of my high school so we have a single

of my high school so we have a single source of supply we had a single conquer

source of supply we had a single conquer

source of supply we had a single conquer tree and that gave me a be hug now i’m

tree and that gave me a be hug now i’m

tree and that gave me a be hug now i’m not sure if anyone is familiar with

not sure if anyone is familiar with

not sure if anyone is familiar with behalf but it stands for a big hairy

behalf but it stands for a big hairy

behalf but it stands for a big hairy audacious goal and probably more aptly

audacious goal and probably more aptly

audacious goal and probably more aptly probably big spiky audacious go in this

probably big spiky audacious go in this

probably big spiky audacious go in this instance but IV hag nonetheless and my

instance but IV hag nonetheless and my

instance but IV hag nonetheless and my big idea and my dream was if i could

big idea and my dream was if i could

big idea and my dream was if i could control supply of this single tree I

control supply of this single tree I

control supply of this single tree I could control and dominate the entire

could control and dominate the entire

could control and dominate the entire compa supplied in my school so I built

compa supplied in my school so I built

compa supplied in my school so I built barriers to entry and those barriers to

barriers to entry and those barriers to

barriers to entry and those barriers to entry was me and all my friends we

entry was me and all my friends we

entry was me and all my friends we regard the tree possible and control the

regard the tree possible and control the

regard the tree possible and control the sea so that’s what we did quite genuine

sea so that’s what we did quite genuine

sea so that’s what we did quite genuine and what we saw was i interested we

and what we saw was i interested we

and what we saw was i interested we could you ride in the price of these

could you ride in the price of these

could you ride in the price of these conquerors and almost overnight actually

conquerors and almost overnight actually

conquerors and almost overnight actually three times the price they were now

three times the price they were now

three times the price they were now we’re 30 or 40 pence a conker was quite

we’re 30 or 40 pence a conker was quite

we’re 30 or 40 pence a conker was quite extraordinary but we realized that

extraordinary but we realized that

extraordinary but we realized that Ashley are supplying was becoming hugely

Ashley are supplying was becoming hugely

Ashley are supplying was becoming hugely constrained and actually what happened

constrained and actually what happened

constrained and actually what happened was and this was quite genuine quite

was and this was quite genuine quite

was and this was quite genuine quite scary time for us because less

scary time for us because less

scary time for us because less conquerors were falling from the tree

conquerors were falling from the tree

conquerors were falling from the tree and you very quickly we wouldn’t have a

and you very quickly we wouldn’t have a

and you very quickly we wouldn’t have a business and we were entering a very

business and we were entering a very

business and we were entering a very very dangerous time in the business of

very dangerous time in the business of

very dangerous time in the business of selling conquerors and that I call peak

selling conquerors and that I call peak

selling conquerors and that I call peak conquer

conquer

conquer and Pete conquer was honest are we knew

and Pete conquer was honest are we knew

and Pete conquer was honest are we knew it’d come in but not only that will also

it’d come in but not only that will also

it’d come in but not only that will also fight in off low price import standings

fight in off low price import standings

fight in off low price import standings for barbecue we couldn’t believe that

for barbecue we couldn’t believe that

for barbecue we couldn’t believe that other children were bringing their own

other children were bringing their own

other children were bringing their own conquers in from home and this had a

conquers in from home and this had a

conquers in from home and this had a huge detriment or perhaps more a PPC on

huge detriment or perhaps more a PPC on

huge detriment or perhaps more a PPC on post / conquer so come aboard me and our

post / conquer so come aboard me and our

post / conquer so come aboard me and our board meeting like all other great board

board meeting like all other great board

board meeting like all other great board meetings were around back in the vinings

meetings were around back in the vinings

meetings were around back in the vinings in the school how do you need max make

in the school how do you need max make

in the school how do you need max make some decisions and decisive decisions

some decisions and decisive decisions

some decisions and decisive decisions for our business and that decision was

for our business and that decision was

for our business and that decision was we needed to diversify so what we

we needed to diversify so what we

we needed to diversify so what we decided to do was to bring into the

decided to do was to bring into the

decided to do was to bring into the market has any brand new product lines

market has any brand new product lines

market has any brand new product lines and those product lines were the jumbo

and those product lines were the jumbo

and those product lines were the jumbo conquer so the jumbo conquer obviously

conquer so the jumbo conquer obviously

conquer so the jumbo conquer obviously is super-sized conquer and my favorite

is super-sized conquer and my favorite

is super-sized conquer and my favorite the super conquer now the super conquer

the super conquer now the super conquer

the super conquer now the super conquer was very very special pre-drilled pre

was very very special pre-drilled pre

was very very special pre-drilled pre strong but one very very important

strong but one very very important

strong but one very very important secret it was baked there’s men that we

secret it was baked there’s men that we

secret it was baked there’s men that we could give a guarantee the money back

could give a guarantee the money back

could give a guarantee the money back guarantee line is honker so we want

guarantee line is honker so we want

guarantee line is honker so we want these Congress into the market and

these Congress into the market and

these Congress into the market and something extraordinary happened even

something extraordinary happened even

something extraordinary happened even though we weren’t selling many of them

though we weren’t selling many of them

though we weren’t selling many of them actually the past was 20 or 30 times

actually the past was 20 or 30 times

actually the past was 20 or 30 times more than the other conquerors was quite

more than the other conquerors was quite

more than the other conquerors was quite extraordinary we would have a very good

extraordinary we would have a very good

extraordinary we would have a very good money but something else that happened

money but something else that happened

money but something else that happened which we didn’t plan for and that was

which we didn’t plan for and that was

which we didn’t plan for and that was seasonality and unfortunately three and

seasonality and unfortunately three and

seasonality and unfortunately three and four days later we had no market and we

four days later we had no market and we

four days later we had no market and we have no business so we failed but

have no business so we failed but

have no business so we failed but obviously we learn from those mistakes

obviously we learn from those mistakes

obviously we learn from those mistakes and we moved on the next business like

and we moved on the next business like

and we moved on the next business like here and there were a string of failures

here and there were a string of failures

here and there were a string of failures in between the next big idea okay just a

in between the next big idea okay just a

in between the next big idea okay just a few years later this was around the time

few years later this was around the time

few years later this was around the time that our school was on a major health

that our school was on a major health

that our school was on a major health and shiv so gone was the chocolate and

and shiv so gone was the chocolate and

and shiv so gone was the chocolate and the fizzy drinks and sweets and in came

the fizzy drinks and sweets and in came

the fizzy drinks and sweets and in came the vegetables and the fruits instance

the vegetables and the fruits instance

the vegetables and the fruits instance into the school canteen and you know

into the school canteen and you know

into the school canteen and you know where this is going right

where this is going right

where this is going right that gave me a big idea the big idea I

that gave me a big idea the big idea I

that gave me a big idea the big idea I was going to put the sweets right back

was going to put the sweets right back

was going to put the sweets right back into the civil there’s clearly a market

into the civil there’s clearly a market

into the civil there’s clearly a market for this the macro conditions have

for this the macro conditions have

for this the macro conditions have changed and we saw there was not tuning

changed and we saw there was not tuning

changed and we saw there was not tuning and we had to take it so we did so

and we had to take it so we did so

and we had to take it so we did so extensive market research which involved

extensive market research which involved

extensive market research which involved me walking to my little corner shop and

me walking to my little corner shop and

me walking to my little corner shop and trying to find out where they will buy

trying to find out where they will buy

trying to find out where they will buy their sweet and we actually found not

their sweet and we actually found not

their sweet and we actually found not this macro because this one’s in

this macro because this one’s in

this macro because this one’s in Thailand but you actually have some

Thailand but you actually have some

Thailand but you actually have some uh-huh we actually found the

uh-huh we actually found the

uh-huh we actually found the caching Harry would they they were

caching Harry would they they were

caching Harry would they they were supplying their sweets and I know up on

supplying their sweets and I know up on

supplying their sweets and I know up on camera so I have to apologize to my

camera so I have to apologize to my

camera so I have to apologize to my father who doesn’t actually know I used

father who doesn’t actually know I used

father who doesn’t actually know I used his business card to up in the county

his business card to up in the county

his business card to up in the county I’m sorry dad but we opened up an impact

I’m sorry dad but we opened up an impact

I’m sorry dad but we opened up an impact with the caching carries quite

with the caching carries quite

with the caching carries quite extraordinary and we took the business

extraordinary and we took the business

extraordinary and we took the business idea to our headmaster now apologies if

idea to our headmaster now apologies if

idea to our headmaster now apologies if my headmaster is watch it because we

my headmaster is watch it because we

my headmaster is watch it because we were slightly economic with the truth he

were slightly economic with the truth he

were slightly economic with the truth he was going to what we were going to sell

was going to what we were going to sell

was going to what we were going to sell but if you said yes to the idea which

but if you said yes to the idea which

but if you said yes to the idea which was incredible so we opened up shop and

was incredible so we opened up shop and

was incredible so we opened up shop and we traded from the classroom window

we traded from the classroom window

we traded from the classroom window every grade and every lunchtime I was

every grade and every lunchtime I was

every grade and every lunchtime I was amazing so we opened up our shop and we

amazing so we opened up our shop and we

amazing so we opened up our shop and we waited and we waited waited a very long

waited and we waited waited a very long

waited and we waited waited a very long time and actually the truth is nothing

time and actually the truth is nothing

time and actually the truth is nothing much really happened one or two

much really happened one or two

much really happened one or two customers every day we were very very

customers every day we were very very

customers every day we were very very disappointed and we couldn’t just work

disappointed and we couldn’t just work

disappointed and we couldn’t just work out what was going wrong so this is when

out what was going wrong so this is when

out what was going wrong so this is when we make the next incredibly valuable

we make the next incredibly valuable

we make the next incredibly valuable lesson we only believe I guess we

lesson we only believe I guess we

lesson we only believe I guess we learned about the power of marketing and

learned about the power of marketing and

learned about the power of marketing and the power of advertising basically what

the power of advertising basically what

the power of advertising basically what we did and this is genuinely true it’s

we did and this is genuinely true it’s

we did and this is genuinely true it’s quite innovative even today we put in

quite innovative even today we put in

quite innovative even today we put in place a refer-a-friend process and this

place a refer-a-friend process and this

place a refer-a-friend process and this was to try and just encourage word of

was to try and just encourage word of

was to try and just encourage word of mouth in the school now but you’re

mouth in the school now but you’re

mouth in the school now but you’re interested my school had about a

interested my school had about a

interested my school had about a thousand students so it’s a very large

thousand students so it’s a very large

thousand students so it’s a very large school and what we did was that we

school and what we did was that we

school and what we did was that we entered implemented

entered implemented

entered implemented said this character to everybody that

said this character to everybody that

said this character to everybody that would be referred would get time said

would be referred would get time said

would be referred would get time said this time and the person who did the

this time and the person who did the

this time and the person who did the referral would also get ten cent

referral would also get ten cent

referral would also get ten cent discount and this was quite

discount and this was quite

discount and this was quite extraordinary what we also did was we

extraordinary what we also did was we

extraordinary what we also did was we put our prices up temperature so at any

put our prices up temperature so at any

put our prices up temperature so at any point yeah that was the that was the

point yeah that was the that was the

point yeah that was the that was the secret there so anybody that wasn’t

secret there so anybody that wasn’t

secret there so anybody that wasn’t referring to making attempts at the

referring to making attempts at the

referring to making attempts at the different margin which was which was the

different margin which was which was the

different margin which was which was the genius part but something quite magical

genius part but something quite magical

genius part but something quite magical happened because those 10 people became

happened because those 10 people became

happened because those 10 people became 20 that came forward he became 80 and

20 that came forward he became 80 and

20 that came forward he became 80 and before he knew it we were certainly

before he knew it we were certainly

before he knew it we were certainly reckon serving hundreds and hundreds of

reckon serving hundreds and hundreds of

reckon serving hundreds and hundreds of students every single they’re quite

students every single they’re quite

students every single they’re quite quite genuinely and we did it we

quite genuinely and we did it we

quite genuinely and we did it we absolutely cracked it I was absolutely

absolutely cracked it I was absolutely

absolutely cracked it I was absolutely incredible and we moved to a new

incredible and we moved to a new

incredible and we moved to a new Pacifica apprentice to windows which was

Pacifica apprentice to windows which was

Pacifica apprentice to windows which was which is extraordinary of a much much

which is extraordinary of a much much

which is extraordinary of a much much better location in the school as well so

better location in the school as well so

better location in the school as well so good natural footfall etc and was

good natural footfall etc and was

good natural footfall etc and was incredible we were absolutely rock stars

incredible we were absolutely rock stars

incredible we were absolutely rock stars in national woman was unbelievable and

in national woman was unbelievable and

in national woman was unbelievable and quite genuinely the business was turning

quite genuinely the business was turning

quite genuinely the business was turning over about hundred fifty miles a day

over about hundred fifty miles a day

over about hundred fifty miles a day which firm which fifteen-year-old I can

which firm which fifteen-year-old I can

which firm which fifteen-year-old I can tell you as was good money still good

tell you as was good money still good

tell you as was good money still good money but unfortunately with all of that

money but unfortunately with all of that

money but unfortunately with all of that success and being a rock star in our

success and being a rock star in our

success and being a rock star in our school I’m paying with some challenges

school I’m paying with some challenges

school I’m paying with some challenges and he and some big learnings we had to

and he and some big learnings we had to

and he and some big learnings we had to recruit and hire people that we trusted

recruit and hire people that we trusted

recruit and hire people that we trusted fellow students we had to give with

fellow students we had to give with

fellow students we had to give with security we leave not their storage

security we leave not their storage

security we leave not their storage universe ends so much busy drinkin

universe ends so much busy drinkin

universe ends so much busy drinkin sweets we had to store it somewhere but

sweets we had to store it somewhere but

sweets we had to store it somewhere but two other big learnings for us people

two other big learnings for us people

two other big learnings for us people talk about the work-life balance we have

talk about the work-life balance we have

talk about the work-life balance we have the work school balance every single day

the work school balance every single day

the work school balance every single day we were consumed by this business and

we were consumed by this business and

we were consumed by this business and how we were going to make more and more

how we were going to make more and more

how we were going to make more and more money and often in business people talk

money and often in business people talk

money and often in business people talk about a share of walnuts we have to

about a share of walnuts we have to

about a share of walnuts we have to share a pocket money and we weren’t

share a pocket money and we weren’t

share a pocket money and we weren’t hired based on genuine market research

hired based on genuine market research

hired based on genuine market research that every child will come free the game

that every child will come free the game

that every child will come free the game it’s bringing about 150 into the score

it’s bringing about 150 into the score

it’s bringing about 150 into the score so we knew that there is a maximum cap

so we knew that there is a maximum cap

so we knew that there is a maximum cap in terms of where our business could go

in terms of where our business could go

in terms of where our business could go but I guess the biggest thing of

but I guess the biggest thing of

but I guess the biggest thing of everything was we were changing consumer

everything was we were changing consumer

everything was we were changing consumer habit and when I say changing consumer

habit and when I say changing consumer

habit and when I say changing consumer habit i need the canteen was started the

habit i need the canteen was started the

habit i need the canteen was started the official canteen was starting to suck

official canteen was starting to suck

official canteen was starting to suck and actually the end of the business

and actually the end of the business

and actually the end of the business came when actually the school put sweets

came when actually the school put sweets

came when actually the school put sweets and chocolate fizzy drinks back on the

and chocolate fizzy drinks back on the

and chocolate fizzy drinks back on the menu which obviously isn’t such a good

menu which obviously isn’t such a good

menu which obviously isn’t such a good thing these days but for us it was

thing these days but for us it was

thing these days but for us it was obviously a huge disappointment because

obviously a huge disappointment because

obviously a huge disappointment because we now have no business but actually you

we now have no business but actually you

we now have no business but actually you know them in just a short few weeks you

know them in just a short few weeks you

know them in just a short few weeks you know just some kids with an idea

know just some kids with an idea

know just some kids with an idea actually managed to disrupt an incumbent

actually managed to disrupt an incumbent

actually managed to disrupt an incumbent within our school namely our school

within our school namely our school

within our school namely our school canteen it was quite extraordinary the

canteen it was quite extraordinary the

canteen it was quite extraordinary the big success for us so during my time at

big success for us so during my time at

big success for us so during my time at school and this is quite genuine story

school and this is quite genuine story

school and this is quite genuine story lots and lots of Vernon’s you know

lots and lots of Vernon’s you know

lots and lots of Vernon’s you know whether it’s how to market products

whether it’s how to market products

whether it’s how to market products manufactured products how to diversify

manufactured products how to diversify

manufactured products how to diversify your business how to pivot your business

your business how to pivot your business

your business how to pivot your business model the product market fit how to

model the product market fit how to

model the product market fit how to market your products margins and P now a

market your products margins and P now a

market your products margins and P now a little big things and I call this the

little big things and I call this the

little big things and I call this the playground NBA and you know we we were

playground NBA and you know we we were

playground NBA and you know we we were doing an MBA in the playground but there

doing an MBA in the playground but there

doing an MBA in the playground but there was something more valuable than that

was something more valuable than that

was something more valuable than that that we were and that was absolutely

that we were and that was absolutely

that we were and that was absolutely everything is it is possible but

everything is it is possible but

everything is it is possible but everything is absolutely possible in

everything is absolutely possible in

everything is absolutely possible in life and his children setting up a

life and his children setting up a

life and his children setting up a number of businesses you know we proved

number of businesses you know we proved

number of businesses you know we proved it because we just let go of our fear of

it because we just let go of our fear of

it because we just let go of our fear of failure you know once we let go our fear

failure you know once we let go our fear

failure you know once we let go our fear of failure everything is absolutely

of failure everything is absolutely

of failure everything is absolutely possible and the point about making

possible and the point about making

possible and the point about making mistakes actually making mistakes just

mistakes actually making mistakes just

mistakes actually making mistakes just increase our potential but being

increase our potential but being

increase our potential but being successful in the future and every time

successful in the future and every time

successful in the future and every time we’ve got knocked down we were right

we’ve got knocked down we were right

we’ve got knocked down we were right back up with the next business idea or

back up with the next business idea or

back up with the next business idea or the next business model and coming back

the next business model and coming back

the next business model and coming back to the graph very quickly where we met

to the graph very quickly where we met

to the graph very quickly where we met to have positive outcomes against age or

to have positive outcomes against age or

to have positive outcomes against age or time what I then learned and realized

time what I then learned and realized

time what I then learned and realized recently is that actually children make

recently is that actually children make

recently is that actually children make the very very best entrepreneurs the

the very very best entrepreneurs the

the very very best entrepreneurs the very best entrepreneurs and the reason

very best entrepreneurs and the reason

very best entrepreneurs and the reason as they haven’t yet learned the fear of

as they haven’t yet learned the fear of

as they haven’t yet learned the fear of failure and also on the flip side they

failure and also on the flip side they

failure and also on the flip side they haven’t yet learned the i guess the

haven’t yet learned the i guess the

haven’t yet learned the i guess the impact but positive impact of making

impact but positive impact of making

impact but positive impact of making decisions so this is quite extraordinary

decisions so this is quite extraordinary

decisions so this is quite extraordinary and this is what i think probably links

and this is what i think probably links

and this is what i think probably links entrepreneurs your children in terms of

entrepreneurs your children in terms of

entrepreneurs your children in terms of fact that particular mindset because

fact that particular mindset because

fact that particular mindset because ultimately just slightly broader

ultimately just slightly broader

ultimately just slightly broader everything we’ve ever wanted to achieve

everything we’ve ever wanted to achieve

everything we’ve ever wanted to achieve because adults or children is just in

because adults or children is just in

because adults or children is just in the other side of fear we could just get

the other side of fear we could just get

the other side of fear we could just get over my career it is fear in my business

over my career it is fear in my business

over my career it is fear in my business being an entrepreneur is the number one

being an entrepreneur is the number one

being an entrepreneur is the number one enemy of entrepreneurs across the world

enemy of entrepreneurs across the world

enemy of entrepreneurs across the world and as children as i said already where

and as children as i said already where

and as children as i said already where the children are just utterly utterly

the children are just utterly utterly

the children are just utterly utterly fearless and fear is just driven as we

fearless and fear is just driven as we

fearless and fear is just driven as we get older free making decisions based on

get older free making decisions based on

get older free making decisions based on positive outcomes mark zuckerberg once

positive outcomes mark zuckerberg once

positive outcomes mark zuckerberg once said very famous quoting I’ve move fast

said very famous quoting I’ve move fast

said very famous quoting I’ve move fast and break things which is which is a

and break things which is which is a

and break things which is which is a very very entrepreneurial

very very entrepreneurial

very very entrepreneurial entrepreneurial quote and I completely

entrepreneurial quote and I completely

entrepreneurial quote and I completely agree and you know ultimately the

agree and you know ultimately the

agree and you know ultimately the biggest risky all of our lives is just

biggest risky all of our lives is just

biggest risky all of our lives is just basically taking no risks at all and

basically taking no risks at all and

basically taking no risks at all and that’s how I live my life being an

that’s how I live my life being an

that’s how I live my life being an entrepreneur and bringing this back to

entrepreneur and bringing this back to

entrepreneur and bringing this back to startups which we briefly mentioned at

startups which we briefly mentioned at

startups which we briefly mentioned at the beginning startups are actually just

the beginning startups are actually just

the beginning startups are actually just like children if you think about it

like children if you think about it

like children if you think about it actually startups just haven’t yet

actually startups just haven’t yet

actually startups just haven’t yet during the fear and actually in my world

during the fear and actually in my world

during the fear and actually in my world this is exactly how startups and disrupt

this is exactly how startups and disrupt

this is exactly how startups and disrupt entire industries or billion pine

entire industries or billion pine

entire industries or billion pine companies this is quite interested or my

companies this is quite interested or my

companies this is quite interested or my instance the school canteen which was

instance the school canteen which was

instance the school canteen which was the equivalent of the vineyard the

the equivalent of the vineyard the

the equivalent of the vineyard the billion-pound industry um sometimes as

billion-pound industry um sometimes as

billion-pound industry um sometimes as adults you just need to jump off the

adults you just need to jump off the

adults you just need to jump off the cliff don’t overthink things just take

cliff don’t overthink things just take

cliff don’t overthink things just take that leap and just build that parachute

that leap and just build that parachute

that leap and just build that parachute just on the way down and I guess my

just on the way down and I guess my

just on the way down and I guess my story ends in spring 1998 that lesser

story ends in spring 1998 that lesser

story ends in spring 1998 that lesser didn’t land on door man and i was

didn’t land on door man and i was

didn’t land on door man and i was offered my dream job working a gaming

offered my dream job working a gaming

offered my dream job working a gaming company at quit University a 19

company at quit University a 19

company at quit University a 19 years old I joined the company and

years old I joined the company and

years old I joined the company and didn’t really look back so I guess if

didn’t really look back so I guess if

didn’t really look back so I guess if you only remember one thing from my

you only remember one thing from my

you only remember one thing from my presentation today slightly chunky tell

presentation today slightly chunky tell

presentation today slightly chunky tell me cheap presentation I just want you to

me cheap presentation I just want you to

me cheap presentation I just want you to remember this one very very important

remember this one very very important

remember this one very very important thing that from small conquers grown

thing that from small conquers grown

thing that from small conquers grown very very mighty trees thank you

”

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