I was speaking to some business professionals a few weeks ago. We’d just come out of a presentation by Methven Ltd, where the CEO Rick Fala shared with us his vision, and direction for the company. He shared with us the financials, operational and corporate strategy. He also noted that the biggest issue the company faces is marketing. They mainly market B2B, preferring to work with large clients like hotels and business chains. Not so much on private individual clients. Their bathroom products are for the top end niche market. They are headquartered in Auckland and have plants in China. All the design, innovation and magic happen with their designers in Auckland. For example, they created a special shower head that uses less water and can give you a more fulfilling all over spray.
I told him that I would like to help with their marketing and especially with regards to social media as I consider it my forte. He was surprised by my directness and said that not too many young people go out there and carve their own fortune. I told him that I have always wanted to be an entrepreneur, wanting to add value to society. Through the conversation, he then told me this story about Silicon Valley and Stanford University. Silicon Valley was never meant to be. It was that entrepreneurial culture that stems from Stanford that have that spillover effect on the surrounding area: Palo Alto, aka Silicon Valley.
People in Stanford are young and ambitious; they always wanted to outdo each other. This is a common trait among youth. New inventions, the Bell Labs, William Shockley and the electronic transistor are all results of the competition and natural drive of hungry young men. Silicon Valley have a history of over 100 years in entrepreneurialism. It spanned companies like Hewlett Packard, Cisco and Google just to name a few. Entrepreneurialism is a philosophy built into the DNA of all Stanford grads. It is a culture, like how I was infused in the LaSallian culture during my time in SFI, always keeping ‘Age Quod Agis’ in mind. Whatever you do, be the best that you can ever be.
Yet, here, we do not need fancy infrastructure or high tech devices to be entrepreneurial. Who says that we have to all be tech entrepreneurs? Sure, that is the direction the world is heading now. But, we have to play to our strengths of being here in the Waikato. As the world population looks to double in the next 10 years, food entrepreneurs are crucial. Doesn’t sound that fancy? Well you can always change the title. We here in the Waikato are meeting a need that always has demand for, aside for water of course, blue gold.
As youth, we already have that entrepreneurial attitude built into us. We are between the kid and the adult stage, so take advantage of it and make the best from both worlds. Remember, we have not absorbed that much of conventional knowledge so yet to become ‘uncreative’. On the other hand, we as youth still have that ‘child mind creativity’ in which we are not afraid to try new things, we take risk and pretend we don’t know about them. Broaden your horizons, try not to say no to anything; and if you do have to say no, make sure you have a very very good reason to justify it, like death. Otherwise, go for it and take every single opportunity that comes your way.
Have the assumption that the world is a wonderful place, and strive to add value to it. Back to Stanford, people there, as I said are young and hungry and always want to win over their peers, even in friendly games. Who’s not addicted to winning? Let that drive your competitive spirit. And it is that competitive spirit, of ever growing Stanford startups that attracts the VCs and angels. From, guess where? New York City! (Corporate kings are not that smart). And what attracted them, the entrepreneurial culture displayed by the youth of Stanford.
You don’t have to think far to be creative, in fact it’s in all of us since young. We just happen to lose it as we get piled with more and more ‘expert’s advice’. To be creative, take something original and try to tweak it a bit so that it looks different from what other people see it. And they’ll go, WOAHH!!! You’re brilliant! When in fact you’re simply changing their perception of that very same object.
To start that entrepreneurial revolution right here in Waikato, it needs just one small spark from someone influential. Then expect it to spread like a wildfire of ideas and ventures trying to outdo each other. Julian (fictional) is an influential chap, who has his circle of followers, everyone likes him and people respect him. One day, he starts the idea of having smart bins around campus. These bins automatically sort it out based on the trash’s chemical composition. It has proven a hit! Other people see that he’s successful, and want to outdo him and create something even better. This cycle goes on and on, each trying to outdo each other on sheer competitiveness. Do you think ‘older’ people would do this? They’ll probably get tired after a few rounds. They might not even try it because they fear that it may fail. This is a different scenario altogether for us.
We, youth, leaders of today (not tomorrow) shall lead the change in innovation and entrepreneurship.
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Andre Teow
26 Sept 2011



