From stepping up to new challenges to milking the hell out of the cash cow
It’s not a common occurrence to find a franchise as successful as Fast & Furious, which has now gone on to set box office records with its 6th film, with the world waiting for the 7th. But what can entrepreneurs take away from this, aside the desire to drive fast cars and date pretty girls?
Here are 10 start-up lessons that I’ve drawn out and hope you enjoy it:
Be Fast & Furious
After the first movie in 2001, we have seen 5 sequels and 2 short films spin off over a 12 year period. That’s an average of 2 films every 18 months. Now that’s fastin terms of rate of releases. With writers, characters, directors, producers, and other players stepping in and out of production, nothing best describes this venture than furious.
Always Value Team & Family
The underlying message all through the series of films is the ‘value for family and team’. With every member playing a role and bringing something to the table, it’s always important to be on the lookout for one another. The team is as strong as its weakest link.
Know When To Step Up
Vin Diesel as Dominic Toretto could be said to be the center of the earlier films, but after mastering and delivering on his part as just an actor, he had to step up as Director and Producer in the 4th film. At this point, he took ownership of the responsibility of telling a better story.
Quick add: Knowing when you are not needed on the scene as Vin Diesel was off on the 2nd film.
Work With Other Power Players
Collaboration cannot be overemphasized. Always find ways with work with folks with quality clout. Little wonder, characters like: Dawyne Johnson, Ludacris, Tyrese, Eva Mendes, and most recently Jason Statham — another fast car actor popularly know as The Transporter. No doubt, fans of all these players get sucked in to either back the individual star or the collective product.
Think Diversity — Team & Market
A closer look at the characters and location in the series of films sees an undertone of diversity covering: Black, Asian, American, Military, Pop Culture, Government, South America,Technology, Music, among other themes.This is turn pulls in a diversified market. Little wonder Foreign Box Office Revenue started to outdo that of the United States from the 3rd film — Tokyo Drift and now at more than 100%.
Always Have That Backup
It’s almost cliché to hear the words: An entrepreneur is one that goes all in without any backup. This only makes sense when your backup is the reason for you not going all in. The odds of your failing are high, and so you do not get screwed for the rest of your life (or get killed by a sniper like it almost happened with Vin), have a backup — the type that keeps you going after every failure.
Consider Result-Oriented Compromise
The enemy of my enemy is my friend. This is one scenario most entrepreneurs find themselves and most decide to work alone and then crash. Sometimes you just need to work with a competitor (or in the real sense complimentor), get a technical or business co-founder in turn for shared equity, sign an exclusive deal with (the devil) a big corporation . As long as it’s for the greater good, go for it; same way Vin Diesel worked with the Police to take down bad guys.