1. A student from Switzerland is trying to find ways to make it easier for entrepreneurs of alternative energy companies raise capital through his thesis.  Perhaps you can help him help you?  Just read below.

    What is important when choosing investors? How difficult is it to convince investors to finance your venture? How does your “ideal investor” look like?

    These questions are part of my master thesis. It is my goal to understand the difficulties and challenges of cleantech entrepreneurs in financing their ventures. Therefore I would like to invite you to participate in a short survey. The questionnaire will take less than 10 minutes. My studies will hopefully lead to new insights regarding the relationship between investors and entrepreneurs.

    The following link starts the survey. All data are handled strictly confidential. Thank you very much for your participation.

    http://www.cleantechsurvey.ch.vu/

    Best Regards,

    Pascal Dutler

    University of St.Gallen, Switzerland

    +41 78 662 92 86

    pascal.dutler@gmail.com

  2. The Courage to Really Step Up

    The woman was handed the mike in our small room of about 150 people.  She was nervous about her question to the man on the panel just a few feet away from us.  And she had every right to be, given whom she was about to speak to.

    And even though the woman was not 100% clear with her question, the man was extremely kind, patient and understanding what she was really asking.  For he had been through it himself before.

    The woman needed a mentor or key angel investor to help her take her new green product packaging company to the next level.  In her voice you could hear her passion and commitment to her business idea.  And her frustration.

    And Sir Richard Branson, the founder and chairman of Virgin Group, and a multi-billionaire, got this passion and frustration.  He was smiling at her as she spoke.  When she was done he briefly encouraged her to keep at it using her passion.  And she is doing just great so far.

    And even though he had to leave this week’s Business Climate 2010 panel for green businesses, on his way out Sir Branson waived to the woman who had asked the question to join.

    And with a huge smile of someone fully realizing she would remember this moment the rest of her life, she quickly got out of her chair and joined him.

    Now it almost doesn’t matter what happened next with her and one of the world’s most successful entrepreneurs.  But what does matter is the fact she had the courage to step up and act.

    How many of us have memories of when we should have just acted, said or done something differently in the heat of a moment, how different things might be today?  I certainly do.

    In business you can be dead in the water if you fail to quickly step up.

    Particularly right now.  With the economy and environmental challenges we are facing, and as the Business Climate 2010 event clearly illustrated, here are the top three areas all entrepreneurs can seriously step up ASAP:

    1. Profitability—.  Playing small and thinking small gets you more of the same:  small results.  Sir Branson and other key speakers were saying all day how incredible, and challenging, the climate is for new, green businesses.  It is our duty as entrepreneurs to find ways to step up and build a profitable business model that works long term.  Thinking you are already playing big?  Keep in mind there is a difference between playing big and playing busy.  Understanding the differences can create a whole new world for you.
    2. Environmental integration—if you have not explored taking your product/service-based company green, you are rapidly outdating yourself.  In order to avoid being the manufacturer of buggy-whips at the turn of the 20th Century, you must step up in this area.  Find what environmental issues you can address and challenges you can solve.  It is no longer an acceptable excuse to say you’re too busy, or not a priority or you don’t know where to get started.  Stepping up will dramatically re-position your company.  Think you’re already stepping up?  Where have you NOT worked on?  Those areas of your business that is not helping to improve the planet’s natural resources is the place to start looking ASAP.
    3. Social—in his wonderful book, Blessed Unrest, Paul Hawken explains how incredibly inter-connected both society and the environment are.  Additionally, it makes good, solid business sense to integrate the communities into your business practices.  It helps to create powerful brand loyalty, no matter how big or small your business is.  Without it, you will struggle.  Engage it through social media or events for your community and business will soar.  For example, I am most recently getting involved in two:  being a mentor at the Eugene M. Lange Center for Entrepreneurship at Columbia’s Business School and helping Fabien Cousteau (grandson of Jacque Yves Cousteau) with his Plant a Fish non-profit based in NYC.  Because of this, both have expressed an interest in promoting my next Green Entrepreneur Summit in November.

    And when you decide to step up, I mean, really step up and stop playing small, things will start to shift dramatically for you.

    Once you do you will look back some day, just like that woman will most likely do with her encounter with Sir Branson, and say, “That was the turning point for me in my business!”

    Action Steps for the Week:

    Where have you been playing small?  Holding back in your business?  Telling yourself the time is not quite right yet?  When x, y or z is in place, then I’ll be ready?

    Well, stop it!  If it doesn’t happen now, it becomes exponentially less likely it will happen in the future.

    Get clear on the following:

    • What are you most committed to?  Be clear on how much you are willing to do to make it happen.  Really happen!  Play nothing but full-out!
    • What will it take for that to happen?  Plan what you are going to present to the world.  Ask yourself powerful questions to ensure the likelihood of your success.
    • Implement your first steps.  Take any action.  Small and manageable “baby steps.”
    • Use a sounding board.  A mentor, coach, advisor, someone neutral and experienced that can help you play really, really big.

    Lastly, manage the voice in your head.  You know which one I am referring to.  The one that tells you that you are crazy to go for it.  Just say, “Thank you for sharing, and now excuse me, I have work to do!”

  3. A few weeks ago I was speaking here in New York City to a large group of people working to change the world in which we live.  We had over 80 green and social entrepreneurs, a few investors, politicians, educators, authors and media representatives.

    What quickly became clear was the ones most successful at changing how things were being done in the world were the ones where obstacles never phased them.  They always find workarounds and solutions to whatever got in their way.

    The “It can’t be done” mindset not only is not in their vocabulary, it actually pisses them off when they are around someone with whom it is.

    Listen, I’m tired of hearing all the excuses from social and green entrepreneurs about it being so hard to be green (and/or) social and do well in business.  Then they list off all the reasons why.

    Here’s the deal:  it’s going to take an UnReasonable way of being to restore the planet, economy and society from the mess we spent so many years of hard work creating.

    What does it take to be UnReasonable?

    • Strong Leader—someone with unrelenting energy, passion and conviction that they will be successful.  Someone with a deep sense of the issues and a strong sense of their boundaries.  They are not in it for the fame and fortune.
    • Amazing Vision—one that attracts many people to want to get involved in making it happen.  It is steeped in a powerful understanding that something must change in order to make things right again.
    • Intense Determination—armed with their vision and leadership, they move forward.  As the world resists and challenges them, they stay focused and clear on their objective.
    • System to Deal With Obstacles—whenever they hit up against something, rather than picking up their marbles and going home, they find ways to move forward.
    • Powerful Support Team—you are only as powerful as the team you surround yourself with.  Those that the team can rely on when they hit their obstacles and psyche themselves out along the way.

    This UnReasonable mindset is crucial when dealing with some of the biggest challenges green/social entrepreneurs face.  Things like global warming, our addition to oil, community breakdowns, extreme poverty and so on.  Here are some of these entrepreneurs’ challenges (and solutions):

    Competitive DisAdvantage—many non-green competitors only focus on price, not the impact they have on their communities and the environment.  Plus some industries are heavily subsidized, like oil, coal and natural gas as well as agriculture.  And then there is China selling green products below cost just to gain foothold in the US.

    Most feel they can’t compete.  Wrong answer!

    First, don’t compete on price.  You will never win that one.  Second, make it hip, cool, trendy when at all possible.  Make it a “got to have it” product/service because it works better.  You’re a B-to-B play, go in through the back door.  Make sure their customers are asking for your product/service (because it is hip, cool, trendy, etc.)

    Example of doing this is a small company in Brooklyn, Ecologic Solutions.  They are a green chemical supply company now competing with multi-billion-dollar-a-year non-green businesses and taking their clients using this strategy.  Some of them are major clients!

    Consumer Skepticism—with everyone and their mother now having a green solution, it gets overwhelming.  And most of the claims are false or exaggerated (called greenwashing).

    To deal with this, speak to the skepticism before it speaks to you.

    This means your marketing efforts must address this up front.  For example with my green retail store in the 90’s, one of our most effective ad campaigns was when we were doing a clothing drive for the homeless during the Holiday season.  We had a campaign with a photo of a homeless person panhandling in the winter with a caption that read, “You would never think a green retail store would believe in global warming.”

    Brought thousands to our stores.

    No Money Out There—with the economy in the dumps, so is funding new ventures, right?  Think again!

    Just ask Ron Bergamini, CEO of Action Carting, arguably the greenest waste management company in the US.  Two months ago he raised an ungodly sum of money (he does not want me publicly disclosing it), in the high 7 zero’s range!

    He did it based on his vision, team, experience and client base.  He has a new composting facility that he installed and is running at Yankee Stadium, for example.

    The lesson is:  if you’ve got something fundable with the right team in place, there is money to be had.  If not, there are dozens of ways to work around needing the funding.

    Can’t Change People’s Buying Behaviors—this one is getting old, but there are still droves of entrepreneurs who really believe it to be true.

    The best way to do this is to create a powerful why people should change.  Powerful why’s are: fun, life changing, urgent, hip/cool/trendy, sexy, and/or avoiding painful (health, embarrassment, loss, etc.) experiences.

    An example of this I showed at the event I was speaking at several weeks ago.  It was a You Tube video.  In Stockholm, a group of people wanted to change the behavior of commuters using the escalator to using the stairs at a subway station.  Watch their solution and how fast it worked!

    At the end of the day, what will have us successfully change the world is our scope of thinking.  A limited scope gives us excuses and finger pointing.

    And an expanded scope, to an UnReasonable level, gets us the sky and beyond.

    Action Steps for the Week:

    Want to change the world?  Good, we want you too!  You’ll need the following:

    Crystal Clear Vision:  on that is strong enough to attract the people you will benefit from by having on your team.  If the vision is strong enough, you can move mountains.  You don’t need a lot of resources.  Look at how fast Barack Obama moved into being the US President.  On a vision!

    Intense Determination—a powerful “why” you are doing this.  If you make it about money and/or fame, that is not nearly strong enough, because when you get knocked down, what is going to get you back up is your determination that you will ultimately succeed.

    Smart Strategy—give yourself a specific and measurable goal to hit by a certain time.  Stay focused on that goal.  This way you will be more likely to hit it.  A vague goal gives you vague results.

    Powerful Support Team—without it, you will get stuck quickly.  Find a group of people you can rely on that are available and experienced in what you want their advice and help in.  Without it is exponentially more difficult.

    Don’t have a team?  Hire an experienced, well-trained business coach!

    System to Deal With Obstacles—this is crucial when people tell you it can’t be done, or more importantly, when you tell yourself it cannot be done.

    Just learn how to ask powerful questions.  Instead of asking, “Why did xzy happen instead of what we wanted?”, ask, “What is the quickest, fastest and best way to get what we want, given our situation?”

    These are just the tip of the iceberg on what it will take.  But without them, you’ll be frustrated quickly and quite possibly even give up on your dream of changing the world.