Lecture 7 Self-making Studio - 25 March 2021

University of East Anglia
Norwich Business School
Management Skills and
Personal Development
NBS-7031X
Lecture 7
25th March 2021
Dr. Fahri Karakas
F.Karakas@uea.ac.uk

2
 How to deal with economic crisis
 £111 Exercise
 The Power of Compounding
 Crowdfunding: Your Kickstarter Project
 Workshop: Self-Making Studio
 Turning £5 to £5000
 Star Exercise
 Key Take-aways

I have recently read:
Shoe Dog – Phil Knight’s (Nike) Biography
• 'A refreshingly honest reminder of what the path to business success really
looks like ... It's an amazing tale' Bill Gates
• 'The best book I read last year was Shoe Dog, by Nike's Phil Knight. Phil is a
very wise, intelligent and competitive fellow who is also a gifted storyteller'
Warren Buffett
• In 1962, fresh out of business school, Phil Knight borrowed $50 from
his father and created a company with a simple mission: import
high-quality, low-cost athletic shoes from Japan. Selling the shoes
from the boot of his Plymouth, Knight grossed $8000 in his first year.
Today, Nike's annual sales top $30 billion. In an age of start-ups, Nike
is the ne plus ultra of all start-ups, and the swoosh has become a
revolutionary, globe-spanning icon, one of the most ubiquitous and
recognisable symbols in the world today.
• But Knight, the man behind the swoosh, has always remained a
mystery. Now, for the first time, he tells his story. Candid, humble,
wry and gutsy, he begins with his crossroads moment when at 24 he
decided to start his own business. He details the many risks and
daunting setbacks that stood between him and his dream - along
with his early triumphs. A memoir rich with insight, humour and
hard-won wisdom, this book is also studded with lessons - about
building something from scratch, overcoming adversity, and
ultimately leaving your mark on the world.

6
https://medium.com/@fahrikarak
as/we-will-face-a-full-blown-
international-economic-crisis-
soon-here-is-how-you-prepare-
for-it-c5d93ef2fac6

Save or Earn £111 a Week
Learning Adventure

Which is better – taking $3 million in cash now, or
a single magic penny that will double in value
every day, for 31 days?
Most people will choose the $3m cash
immediately. Indeed, if you took the penny, you’ll
have only about $5,000 in 20 days.

The 3 Friends
Let’s meet Larry, Scott and Brad, and assume they share
similar circumstances.
• Larry keeps doing what he has always done.
• Scott makes some small, positive changes daily e.g. reading 10
pages, cutting 125 calories by replacing soda with water, walking an
extra 1,000 steps.
• Brad makes a few poor choices e.g. buying a big TV (to enjoy his
favourite shows), eating more dessert and adding 1 drink per week to
his new bar.
At month 10, there are no perceivable differences.
By month 25, measurable differences can be seen and by
month 31, the differences quickly become stark.
• Scott loses 33.5lbs, gets a promotion and raise, and his
marriage is thriving.
• Larry is exactly in the same space and feeling bitter
about it.
• Brad, on the other hand, puts on 33.5lbs (weighing

18
 https://www.kickstarter.com/
 Kickstarter is a vibrant community of people working
together to bring new things to life.
 About Us: https://www.kickstarter.com/about?ref=nav
 A Kickstarter project does more than raise money.
It builds community around your work.
 Start your own project:
https://www.kickstarter.com/learn?ref=nav
 Sample projects:
https://www.kickstarter.com/discover/advanced?sort=pop
ularity

20
 https://www.patreon.com/
 “We want to help every creator in the world achieve
sustainable income.”
 Explore a range of creators:
https://www.patreon.com/explore
 https://uk.gofundme.com/
 Start a campaign (social responsibility projects etc.)
 https://www.indiegogo.com
 Indiegogo is a launchpad for entrepreneurial ideas.
 How it works: https://www.indiegogo.com/grow/how-it-
works/
 https://www.floship.com/kickstarter-alternatives-you-
should-know-about/

Your Kickstarter
Project
Learning Adventure

23
 Your big idea?
 What do you want to create?
 Something that builds on your strengths,
passion, and hobbies
 Brainstorm and jot down some potential
project ideas

29
1. Curiosita: The Quest for Continuous Learning
2. Dimostrazione: Test Knowledge Via Practical
Experience
3. Sensazione: Constantly Sharpen the Senses
4. Sfumato: Be Comfortable With Ambiguity
5. Arte/Scienza: Balance Science & Art, Logic &
Imagination
6. Corporalita: Develop Poise: the Balance of
Body & Mind

Turning £5 to £5000
Learning Adventure

36
http://iwanttodrawacatforyou.com/

Star Exercise
Learning Adventure

39
39
 Looking at the example lists I have created, create your
own lists.
 For each part, write for about 15 minutes non-stop;
with the goal of producing 30+ items.
 Think about your life, your career, and your personal
brand as you proceed.
 When you complete this exercise, it will give you a
sense of your creative and professional goals that you
want to master.

40
What are
you good
at?
What do
you love
doing?
Create a list of
30 activities or
things that
represent your
passions and
strengths

41
What are
the things
that you
want to
learn,
improve
and get
better at?
Create a list of
30 activities or
things that
represent your
areas of
learning and
development

42
What are
the specific
visions in
your life
and career
that you
would love
to see
happening?
Create a list of
30 wishes,
projects, goals,
desires, and
visions that
belong to you

Treat 2021 as the year of ASSET CREATION
Work regularly and consistently on your individual project.
Create creative assets for your future.
SEVEN I PROJECT (Kickstarter type project)
ENTREPRENEURIAL BUSINESS PROPOSAL (Shark Tank type
project)
• Think about the assets you want to
create for your future
• Do not think like a student. Do not
treat this as assignment.
• Do this for your own future.
• Do something real – create something
exciting and fresh.

48
 Keep calm and keep creating your own assets.
 Invest in yourself and your learning every day. This is the
biggest investment you can ever make.
1) Ask Right Questions + Follow Your Interests + Intense Curiosity + Continuous
Learning + Imagination + Passion
2) Courage: Take Risks + Consistent Small Actions + Smart Moves + Hard Work + Play
Your Game + Resilience + Resourcefulness
 Think about where you will be after 10 years. Act
according to that vision.
 You can be as big as your dreams and ambitions.

49
 We live in the era of crowdfunding – use it to bring your
fresh and creative ideas to life.
 Your small everyday habits RIGHT NOW shape and
determine the quality of life you will have in the long
term. Habits compound over time. That is why you
need to develop positive habits and improve yourself
and aspire to new heights of performance and learning
every day.
 Develop a positive system of productivity, creativity, and
well-being that works for you. It is your job to develop
this and design your life.

Lecture 7 Self-making Studio - 25 March 2021

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Lecture 7 Self-making Studio - 25 March 2021

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