http://www.dowjonesmonitor.com/
by Dan Kolber
Post No. 3,320
The
following article appears in the September 25 - October 1, 2015 issue
of Atlanta Business Chronicle page 35A. It is also available at
www.BizJournals.com but the entire article is only available for
subscribers. All rights reserved.
SEPTEMBER 25 - OCTOBER 1, 2015 ATLANTA BUSINESS CHRONICLE 35A
LEGAL STRATEGIES Dan Kolber is an Atlanta attorney and owner of Intellivest Securities Research Inc.
DAN@KOLBER.COM
FIRED UP
Ten business lessons learned from the recent Burning Man festival
I
went to Burning Man this month, joining a sold-out crowd of 70,000
people who paid $390 to spend the week before Labor Day in the Black
Rock Desert near Reno, Nev., where temperatures ranged from 38 to 105
degrees. Burning Man is an art festival of sorts but it is also the
world's biggest week-long party.
My bus from Reno was
stuck in a 60-mile traffic jam but was able to bypass the main entrance
gate on opening day. No. 3 of the event's Ten Principles is "radical
self-reliance" so only tea, coffee, lemonade and ice are sold at Burning
Man, but no water. I schlepped in 10 gallons of water, my tiny tent, a
bike and food.
On the second day I biked out a mile to
the main entrance gate to see why it took so long to enter. Here's
why: Everyone was ordered to leave their vehicle while it was searched
for trespassers. I thought this police action and lack of trust
inconsistent with Principle No. 7 -"Civic Responsibility" and said so to
one of the supervisors at the gate.
"Why are you asking so many questions?" she asked me.
"I'm thinking of writing a column for my local business newspaper," I said.
"So you're a journalist!" she snapped.
"I guess you could say that," I said proudly.
"Then you must leave this area immediately and report to the Media Mecca at Center Camp so they can register you," she said.
More blah, blah from her at which point I sort of lost it and siad the "F" word as in: "Sounds a bit fascist to me."
Fearing
ejection, I retreated to the main camp, where I found a sympathetic ear
from two of the minds behind the Black Rock Beacon, the "Black Rock
City's saltiest independent newspaper." Mitchell A. Martin, who in the
"default world" is an editor for Bloomberg News, and Ron "Rockstar"
Garmon, former arts editor for L.A. CitiBeat.
Here atre 10 business lessons I learned from Burning Man:
1. A good product needs no marketing or advertising. Burning Man has sold out the past five years and does neither.
2.
The U.S. government can be a good business partner. Burning Man
operates pursuant to a lease and permit from the U.S. Bureau of Land
Manageement. According to The Beacon, 3 percent of the gross ticket
sales goes to the BLM.
3. The use of a
not-for-profit structure can be a good public relations ploy but means
very little in terms of giving up control or economic benefits.
Although claiming to be nonprofit, individuals still own the real value
of Burning Man - its intellectual property.
4.
Ticket prices can be secretly manipulated via the Internet. While
condemning scalping, an event organizer could sell tickets at inflated
prices via consolidators.
5. Increasingly, the
value of a company will be in the brand and not a particular product.
Buring Man will need to adapt in order to survivie.
6.
Increasingly, consuermers are expecting goods and services to have a
societal benefit. Part of Burning Man's success is its aiblity to build
a community through its Ten Principles.
7.
Increasingly, hierarchical structrures are being flattened. Despite my
confronation with an authority figure at Burning Man, others in power
there openly shared my belief that there shold be transparency at the
event.
8. Burning Man is a great place to plug into the language and ideas of some of the best minds of global movers and shakers.
9. Buring Man is a great place to network for clients and jobs.
10.
If you really want to get off the grid and recharge your creative
juices, attend Burning Man soon. The founder, Larry Harvey, according
to The Beacon, intends to find a new venue.
Friday, September 25, 2015
Subscribe to:
Posts (Atom)