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Fuckup Night - My Greatest Failure

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The Bittersweet Tale of my greatest failure with lessons for people doing new things

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Fuckup Night - My Greatest Failure

  1. 1. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock FUCK UP LESSONS FROM The REAL SPINAL TAP TOUR Peter Cook Human Dynamics and The Academy of Rock TOP OF THE FLOPS:
  2. 2. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Knowing me, Knowing you, aha Science: 18 years in Pharmaceuticals Business: 18 years MBA tutoring Consultant and Author : 18 + years in business Musician – 18 till I diewww.academy-of-rock.co.uk www.humdyn.co.uk @academyofrock
  3. 3. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock The Real Spinal Tap Tour An ambitious exercise to take 300 thrillseekers round the world in an Airbus, calling at the most prestigious venues in the world and making a rockumentary film to compare with cult classics like “This is Spinal Tap” and “Anvil”
  4. 4. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Who is John Otway?
  5. 5. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock A = Take a fading geriatric punk rocker B + Add a great idea C + Execute the idea well D = Rejuvenate the star The “formula” A + B + C = D, where:
  6. 6. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Fuck Up #1. The Travel Agent -13 -12 -11 -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 0 Months before departure %ofseatssold 50 40 30 20 10 0 - 100 due to Travel Agent 155 + 50 Al the Drummer + 20 from 6 million BBC Radio 125 out of 300 seats sold TOUR CANCELLED
  7. 7. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Fuck Up # 2. The Edinburgh Festival
  8. 8. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Fuck Up # 3. The Jet
  9. 9. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Fuck Up Insight # 1. Execution is everything
  10. 10. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Fuck Up Learning # 2. Business School definition Cash flow is an accounting term that refers to the amounts of cash being received and spent by a business during a defined period of time, sometimes tied to a specific project. Measurement of cash flow can be used: • To evaluate the state or performance of a business or project. • To determine problems with liquidity. Being profitable does not necessarily mean being liquid. A company can fail because of a shortage of cash, even while profitable. • To generate project rate of returns. The time of cash flows into and out of projects are used as inputs to financial models such as internal rate of return, and net present value. • To examine income or growth of a business when is believed that accrual accounting concepts do not represent economic realities. Alternately, cash flow can be used to 'validate' the net income generated by accrual accounting. Yada yada yada … John Otway’s definition Cash flow is when other people’s money passes through your hands…. CASH ... FLOWS – viewpoints
  11. 11. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Love is Blind Do Differently
  12. 12. Business Excellence plus Music with The Academy of Rock Smart thinking In Black and White from Human Dynamics @academyofrock Further reading

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