Lessons From A Decade In Media Entrepreneurship

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Transcript of Lessons From A Decade In Media Entrepreneurship

LESSONS FROM A DECADE IN MEDIA ENTREPRENEuRSHIP

by Rafat Ali

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SKIFT IS…The largest intelligence platform in travel, providing Media, Insights and Marketing to all sectors of the world’s largest industry.

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SKIFT DOES…Skift Deciphers & Defines trends for Marketers, Strategists & Technologists in the global travel industry.

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LEVEL 13, 82 SPENCER ST, MELBOURNE

SKIFT’S BHAG: SKIFT IS DEFINING THE FUTURE OF TRAVEL

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*ALWAYS ALWAYS* DO YOUR OWN THING>

skift travel iq

#1

ALWAYS ALWAYS DO YOUR OWN THING>

skift travel iqSTAY AWAY FROM GEORGE >>

EVERYTHING TO HELP START & BUILD YOUR MEDIA COMPANY EXISTS

DON’T GET TRAPPED IN THE TECH STACK>

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#2

MIDDLE IN MEDIA IS DEATH>

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#3

YOUR EXPANSIVE WORLDVIEW DEFINES HOW BIG YOUR VISION IS

COROLLARY: THERE IS ALWAYS SPACE TO CREATE YOUR OWN WHITESPACE>

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#4

THE 4 S’s OF CONTENT:

BE SMART, SHARP, SURGICAL & STRATEGIC>

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#5

BUILD AROUND TRENDLINES, NOT HEADLINES

IGNORE AND BREAK THE SILOS>

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#6

PACKAGE, VOICE, SENSIBILITY AND BRAND MATTERS

THE INTANGIBLES MATTER A LOT MORE IN MEDIA>

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#7

STAY AWAY FROM FEALTY TO INVESTORS, THEY’RE MEANS TO AN END, AND DON’T MATTER MUCH IN THE END RESULTS >

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#8

YOU WILL HEAR 9 NOs BEFORE THE ONE YES

COROLLARY: SAY 9 NOs TO THINGS BEING THROWN AT YOU, FOCUS ON ONE>

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#9

AVOID SCENESTERS, AND SURELY AVOID BEING ONE >

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#10

YOU WOULD BE SURPRISED HOW MANY ARE AFRAID TO ASK THE HARD QUESTIONS.

LEARN & RELEARN FEARLESSSNESS >

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#11

NO ONE HAS EVER BUILT A BUSINESS KEEPING PEER JOURNALIST SET HAPPY

COROLLARY: ALWAYS BE FRIENDLY, NEVER BE FRIENDS>

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#12

INSPIRATION & INNOVATION COME FROM ANYWHERE & EVERYWHERE.

COROLLARY: THE UNIVERSE FIGURES OUT A WAY TO POINT YOU IN THE RIGHT DIRECTION, THE HARD PART IS TO STOP AND LISTEN>

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#13

B2B DOES NOT HAVE TO BE BORING.

SEPARATE VENDORS FROM YOUR REAL USERS>

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#14

THERE IS STILL TONS OF DISRUPTION LEFT IN BUSINESS INFORMATION.

COROLLARY: BE FANATICALLY FOCUSED ON THE CHANGING USER CONSUMPTION BEHAVIOR>

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#15

USE DESIGN TO PUNCH ABOVE YOUR WEIGHT >

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#16

MARKETING/TECH/USER EXPERIENCE/DESIGN

IN THE CROSS HAIRS OF THIS NEXUS, YOU HAVE FUTURE-PROOFED YOURSELF >

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#17

FOCUS ON ONE BIG ANNUAL EFFORT INSTEAD OF SMALL ONES THROUGHOUT THE YEAR

DOING LESS WITH MORE IS THE NEW DOING MORE WITH LESS>

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#18

BUILD DIRECT CHANNELS TO YOUR USERS

THINK REPEAT RESIDENTS, NOT REPEAT VISITORS>

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#19

WILL ANYONE MISS YOU IF YOU DIE TOMORROW?

COROLLARY: WHAT’S YOUR UTILITY VALUE TO USERS? >

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#20

IMMERSE YOURSELF!

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THANK YOU

\skift travel iq

RAFAT ALI FOUNDER & CEO @rafat ra@skift.com