One week ago we had a pack of founders between 8 and 12 over for Rainmaking Kids, a fast-forward workshop where you develop a business plan in a day. Unsurprisingly, they got much of the trade figured out already. This is what we picked up from their visionary heads.
1. No matter the industry, Ice cream / candy / cake should always be a potential add-on to your product.
2. Let team roles be fluid, if possible within 20 minute intervals. It keeps people on their feet, and the best antidote to an impossible CEO, is to let him code the hologram-VR-music channel, he just demanded rapid execution on. Before he started breakdancing and throwing rubber bands around the room.
3. Hire a good trademark lawyer. Because ‘Just Do It’ is the best slogan ever made and somehow it slips into every tagline discussion you have. “Organic Meal Beans for the busy professional. Just Do It.” “An outer space adventure park populated by bears. Just Do it.”
4. Pivot. A lot. You might have felt like running that Space Bear empire in the morning; by afternoon your gut says no. Your team will understand you. If not, promise them ice cream.
5. When pitching, do use your age to eliminate any critical question from seasoned angels. As in: “How do you know people will need this? “I know, because consumer behavior in MY generation is changing…”