Afternoon Tea in Jerusalem Blog

In addition to my work as a business coach, one of my interests is blogging about life in Israel. This is a country full of contrasts – over eight million citizens living in an area the size of Wales. You can see snow and the lowest place on the globe in the same day. Although surrounded by geopolitical extremes, Israel has achieved a decade of high economic growth. My work brings me in contact with an array of new companies, exciting technologies and dynamic characters. Sitting back with a relaxing cup of strong tea (with milk), you realise just how much there is to appreciate in the Holyland. Large or small operations, private sector or non profit, my clients provide experiences from which others can learn and benefit.

“How long will it take me to succeed in business”, I am frequently asked. And they quickly add the next line. “You are a business mentor. So you should know”.

Um, er, well… How do I start to explain that it depends on a million and one factors, not all of them in the control of the intrepid entrepreneur. What is the vision? Have you established who is the buying customer? What resources are required and what is available? Budget? Cash flow? Competition? Commercial environment? Location? And so the list goes on.

Now a mentor or coach should be able to provide structure to these issues. Yet just recently, I was invited to help with an alternative approach.

“Lean startup machine” is an exciting global organization that organises 3-day-long workshops that allow individuals to test in real-time just how successful their potential enterprise may become. Based on the catch line ‘fail fast, succeed faster’, participants are taught to identify the clientele, to test the concept by going out on to the street, and then to reconfirm previously accepted assumptions.

Last week, the holy city of Jerusalem hosted such an event, under the dynamic direction of Nadav Lankin. There were about 14 teams, who powered their way to creating solutions for the office, delegates to conferences, drivers wanting a place to park and many other situations. Days were long. The atmosphere was frequently absorbing. The mentors learnt, along with the participants.

Does such a rapid approach work for all? Absolutely not. There are those who just cannot react quickly. There are businesses, such as biotech, that need to be crafted. And others demand renovations. However, the lean machine concept does allow you to validate much quicker than conventional text books may have you think. For example?

Well, one of my clients has been evaluating a thrilling vision that combines production with education. He started to put together large budgets over a relatively long time span. Suddenly, one day, ‘he got it’. He walked in and said very proudly: “All I need to do is set up a limited manufacturing scheme and test if there is demand. If yes, then I can ask others to risk more capital”. Absolutely, and he is now urgently seeking a location and in order to launch within a month.

Another customer has been pondering for some time how to set up a specific service. But how, and will it triumph? Eventually, I encouraged him to turn to others who had succeeded in the same industry to find out if there is a specific model to follow. The advice was simple and fairly uniform: ‘Get out there and meet your customer. Do not sit around, building up meaningless strategies.’ this coming week should see some breakthroughs.

There is rarely a short route to success. Most have to graft towards growth. However, a lean approach can cut out much of the initial deliberations, which are sometimes simply a waste of time and resources.

1 comments

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Client Feedback

"Michael transformed the way I think and approach working, and also how to monetize my social media and communal projects."

CEO of digital media company

"Michael helped my high tech company take off."

CEO of clean energy start up

"Michael has been an invaluable resource to me throughout all of the steps of starting up my business."

Art Studio owner

“Working with Michael Horesh is like having root canal treatment, marriage counselling and business coaching all rolled into one, successfully.”

CEO of digital media company
CEO of clean energy start up
Art Studio owner