Month: May 2015

Pick a Title for My Entrepreneurship Ebook

coffe-stain-typographyI’m working on the draft of a new Ebook.

It’s a quick, easy read of lessons learned from my years as an entrepreneur…the reading length will likely be less than 100 pages.

Most people that know me a bit, know I enjoy coffee.

So, with that as a personal thematic backdrop, I’m narrowing in on titles that link back to coffee. Here are the top three candidates for the Ebook’s title:

  1. “Naturally Caffeinated: When You’re Addicted to Entrepreneurship”
  2. “I Like My Startup Like My Coffee: in the Black”
  3. “5 AM Clarity: Reflections from the Day’s 1st Cup of Coffee”

Consider this request to be a lot like the SXSW panelpicker, if you’ve ever participated in that polling.

Your choice will comprise about 1/3 of the decision making process, with another 1/3 being close advisors/sponsors, and a final 1/3 being my own judgment call. So, your vote definitely matters!

Just drop it into the comments below, tweet it to me, or email me using the Contact page form. Clever themes and variations, as well as wholly new suggestions, are welcome.

Thanks! And, I’ll let you know when it’s available…should be sometime in June.

Designing Incentives

There are those who believe that people’s attitudes “are-what-they-are” and can’t be changed.

Then, there are those, like me, that believe attitudes can be changed. I’m not claiming it’s easy.

But, I’m a big believer in the proposition that we are products of the combined influences of nature and nurture. And, with the proper tweaking of both, a person’s previously-held attitudes may be revised.

freak - attitudesA simple model that undergirds the way I think about these influences in action is the one in the figure.

Attitudes are most often formed and reinforced by behaviors.

Call them habits, daily routines, spiritual or work practices…whatever.

Behaviors, in turn, are formed and reinforced by structures. Call these the incentives, group norms, and other environmental factors, e.g., geographic location, architecture, apparel, and the like. If you want to change attitudes, change the structures.

This model was reinforced by a quick read of a book that’s been out for a bit called Think Like a Freak, by the authors of the similarly titled Freakonomics, Levitt & Dubner.

Much of the book addresses the discipline of designing the right incentive scheme to change behavior (and ergo, attitudes). Incentives, to my thinking, are powerful environmental “tools” that can be manipulated.

motivation carrotSome of the pearls of wisdom that Levitt & Dubner offer about incentives include:

  • Figure out what people really care about, not what they say they care about
  • Incentivize them on the dimensions that are valuable to them but cheap for you to provide
  • Pay attention to how people respond; if their response surprises or frustrates you, learn from it and try something different
  • Whenever possible, create incentives that switch the frame from adversarial to cooperative
  • Never, ever think that people will do something just because it is the “right” thing to do

One pearl that particularly spoke to my personal experience had to do with “gaming the system.” This was a constant problem for Appconomy, a venture-backed startup largely based in China in which I’m a founding shareholder.

Levitt & Dubner’s advice is to know that some people will do everything they can to game the system, finding ways to win that you could never have imagined. Thus, if only to keep yourself sane, try to applaud their ingenuity rather than curse their greed. To which I say “Amen!”

freak - bookThink Like a Freak closes with an instructive, albeit clear-eyed, section on the subject of “How to persuade people who don’t want to be persuaded.” In a nutshell, here are the six most important points they say to keep in mind:

  1. First, understand how hard persuasion is.
  2. Make clear, it’s not about me; it’s about you.
  3. Don’t pretend your argument is perfect.
  4. Acknowledge the strengths of your opponent’s argument
  5. Keep the insults to yourself
  6. Tell stories, they capture our attention, making them great for teaching

I like the story-telling advice. It’s an emotional buddy to the logical tool of incentive design…the nature “yin” to the nurture “yang.”

So, the next time you are thinking deeply about how to incentivize some sort of change – whether it’s with your teenager or a customer call-to-action – make sure to spend at least an equal amount of time on the storytelling part as the incentive design part. Good luck!