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22. June, 2012 Advice, Digital and online, Entrepreneurship, Industries, latest, Magazine, Newspaper, Routes into journalism
This article has 15 comments

3 things learned at the Media And Digital Enterprise weekend

by Jonathan Frost

The Media And Digital Enterprise project based out of the University of Central Lancashire (uclanMADE) launched last weekend with an intensive 48-hour weekend workshop, aimed at supporting news entrepreneurs. It’s purpose? To help news startups stay up.

I was one of a group of 40 entrepreneurs invited to attend. I met lots of passionate journalists and media types who couldn’t care less about the supposed state of the industry. It was inspiring to see people’s projects and passion for them. The weekend consisted of talks, consultations, business-planning, pitching, and open discussions, and I learnt a lot.

Here’s just some of what I picked up:

1) Plan the business too

All attendees had exciting ideas about the content they wanted to produce, or the product that they wanted to create.  However, fewer had planned a business model that supported it. We all did an exercise that focussed around analysing the resources available and the market needs. An idea was then born out of those assets and requirements and then bringing a product out of those skills and requirements. This involved a lot of sticky notes and large tables, and it’s a process I’d highly recommend if you’re thinking about starting something. You don’t ever need to head into the process with an idea- in fact it’s probably better if you don’t- but if you do, it’ll give you a closer look at how feasible your idea is, and what exactly you need to make it achievable.

2) Journalists can be salespeople

“I’ll need to hire a salesperson to sell advertising”. Rubbish.

Someone pointed out at the weekend that journalists spend lots of time ringing people up. As do salespeople. They pointed out that journalists spend a lot of time asking questions. So do salespeople. Journalists are versatile people, or they should be, and an entrepreneur is even more so. There is really no reason to avoid trying to sell advertising if you’re an entrepreneurial journalist and your business model relies on its sale. Stop making up excuses, and pick up the phone.

3) Get real, experienced advice 

I think a lot of news entrepreneurs would admit that they know their product inside out. Many people at the uclanMADE weekend were print journalists with decades of experience, and they knew what they wanted to make and had identified the need and had the resources and talents at hand to make it happen. However, they lacked knowledge about cashflow, books, and VAT laws and other similarly dry topics.

This is where the MADE coaches stepped in and offered real instruction. If you’re a news startup, or considering a news startup, I can’t stress enough how important it is to at least get some with a basic knowledge of small business workings on board as an advisor. It removes so much doubt, and learning the ins and outs of running a business on your own isn’t easy- and often mistakes are things you can’t really afford to make.

Ultimately, the range of talent and quantities of passion and determination was the best thing about the weekend. I’ve never been more invigorated about running a news startup. At Wannabe Hacks, we’ll be following some of the uclanMADE startups as they progress, so watch this space.

If you have any advice for news startups trying to stay up, tweet us @wannabehacks, or get stuck into the comments.

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15 comments
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erinmaochu
erinmaochu 5pts

@StuGoulden @wannabehacks great tips thanks!

annedreshfield
annedreshfield 5pts

It's incredible how many people don't follow #1. If you don't plan the business well, you will probably fail. You need a solid foundation to work from! 

lukemcgee85
lukemcgee85 5pts

@benwhitelaw thanks for the update

benwhitelaw
benwhitelaw 5pts

@lukemcgee85 I know you're not being sarcastic because everyone loves to here my waffle on journalism

lukemcgee85
lukemcgee85 5pts

@benwhitelaw oh for sure. In the most American accent you've ever heard. "Howdy doody, for sure" etc

benwhitelaw
benwhitelaw 5pts

@lukemcgee85 We're all wheel worshippers, even if we don't know it yet

lukemcgee85
lukemcgee85 5pts

@benwhitelaw it looks to me like you have. At least twitter is good for something, normally just a load of bike loving hippies on here...

benwhitelaw
benwhitelaw 5pts

@lukemcgee85 I'm suggesting I learn to spell 'hear'

lukemcgee85
lukemcgee85 5pts

@benwhitelaw are you suggesting spell check is an unstoppable machine?

benwhitelaw
benwhitelaw 5pts

@lukemcgee85 If I could spell, I'd be an unstoppable machine

benwhitelaw
benwhitelaw 5pts

Good post mate but I don't think the fact that people spend lots of time on the phone means they will be good sales people. When I started approaching universities about advertising opportunities on Wannabe Hacks, I found answering questions very different to posing them- I effectively became the interviewee, being quizzed about costs, views etc. It's actually only when you have experience running your own site or business that you learn what it is that clients might want and how to sell it to them. But essentially, you're right in that any journalist can do it (it just might take a bit of time)

JosephStash
JosephStash 5pts

 @benwhitelaw "what it is that clients might want and how to sell it to them. " - this is what all journalists should know about their business, imo. 

Frost_J
Frost_J 5pts

@benwhitelaw @wannabehacks Why so, think journalists should be able to sell, and as an an entrepreneur you need/have to be versatile?

benwhitelaw
benwhitelaw 5pts

@Frost_J @wannabehacks Don't completely disagree, just sceptical. I'll leave a comment - good post anyhow mate

iammarcthomas
iammarcthomas 5pts

@benwhitelaw @frost_j @wannabehacks I tend to agree. I now work with a partner who handles the financial discussions.

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