Just a quick one today!
I often talk to people who think they have a fantastic idea but wont tell anyone. The usual excuse is that "someone will steal my idea and take it to market before me".
This is ridiculous. The fact is, there are no new ideas, just different execution. If you've thought of something that is easy to implement, and completely obvious, then someone else has too. I'm afraid it's a sad truth but you and I are not as great or unique as you we think we are.
Not even asking your friends to give you feedback is stupid. Personally, I am fantastic at selling myself my own ideas. If I only asked my own opinion I would have made a whole heap of crap decisions by now. Giving yourself constructive feedback is not possible so stop wasting your time.
Multi millionaire Chai Patel told me that he always broadcasts his new ideas. This is for two reasons:
David Langer (founder of Groupspaces.com), Alastair Mitchell (founder and CEO of Huddle.com) and Peter Czapp (Founder and Director of thewowcompany.com), have spoken on different topics at Fish on Toast - The University of Southampton Entrepreneur's Society. All of them have concluded with the same mantra: "Ideas are worthless. Execution is priceless."
There is however one exception that I know of to this rule. This month, Fish on Toast are running a business idea competition. We will be giving out ten prizes of £100 to the best business ideas then give you free time with a lawyer, accountant, web design team and professional sales coach. For more information check out our website and sign up to our mailing list now.
So I have a final thought for you: Stop looking for that unique idea that you'll never find. Start looking for proven business ideas and work out how your going to do them BETTER!
Here is my 5 step idiot proof business idea generation system...GO!
Good Luck!
James
Microsoft UK have teamed up with NACUE to provide a ground breaking sponsorship opportunity for UK Entrepreneurs Societies with Sponsorship. Following a 1500 word pitch that I wrote a couple of weeks ago, this week, Brad Fitchew (Fish on Toast Post Graduate Officer) and I visited the beautiful Microsoft UK campus up in Reading. Our aim? To find out how we can help them increase the reach and effectiveness of their student initiatives; The Imagine Cup, Dreamspark, StudentZone on Facebook and the Studentzine Newsletter.
It was a great day out. There were about 10 societies represented and loads of great ideas generated. We played on the Microsoft Surface and touchscreen Windows 7 machines, toured the New Technology Centre and saw the trailer for COD4 and promo videos of project Natal on XBOX360! They also told us what they were looking for in their Grad scheme interviews and applications.
A big thanks goes to Victoria Lennox of NACUE, and Lars Lindstedt, Ed Dunhill, Sarah Melrose, Paolo Barone, Bindi Karia of Microsoft for making it happen. I've included a list of opportunities available to students through Microsoft below...
The Imagine Cup is what happens when student teams from around the world compete to solve the UN's Millenium Development Goals to free a major portion of humanity from the shackles of extreme poverty, hunger, illiteracy and disease. They established targets for achieving gender equality and the empowerment of women, environmental sustainability and a global partnership for development.
The Imagine Cup is also the world's premier student technology competition open to all students over the age of 16. Key competition categories are Software Design, Embedded and Games Development. Software design is the biggest competition with teams of up to four people; the best teams are mixed discipline with developers, entrepreneurs and domain experts. We don't have long left to promote the Software Design competition as the round 1 deadline is 16th December by which time teams must have submitted a proposal document via imaginecup.co.uk.
To find out more visit The Imagine Cup Homepage and use the promo code: IC0014
DreamSpark is a software access programme for all students who can verify themselves using their .ac.uk email address. Click through to free access to Windows Server, Visual Studio, Expression Suite and more.
Microsoft UK have recently established a Facebook page which aggregates a bunch of great content for students interested in technology and business into one place. It also gives students a great platform to interact with Microsoft and find out more. Visit the Microsoft UK Facebook Fan Page now!
Each month we send a newsletter out to 10k+ UK students. If you are looking for a career in technology, or are hoping to found a tech startup, you should be one of them. Subscribe now!
This year I'll be president of Fish on Toast, the University of Southampton Entrepreneurs. I'd like to tell you a little bit about us as a group and our plans for this coming year.
We are, quite literally, the most inspiring club that students can join at uni. Together we will learn the secrets for business success.
Most people will not have thought about what they want to do after graduation but that doesn't matter. If they're simply looking for something fun to fill their Thursday evenings with or want to start a business next week, Fish on Toast is what it's happening.
Fish on toast is an group of like-minded individuals up for changing the world - literally. We're about getting inspired by each other's enthusiasm and that of our incredible visiting speakers, running our own businesses, and entering business competitions. Every week we buy pizza for all our members so everyone can network after our guest speaker presentation.
I'd also like to introduce you to the rest of the people running Fish on Toast this year. Click here to find out more about the committee.
To sum up, I've mashed up a quote from one of my heroes, Doug Richard:

