Stop reading and start doing
by admin on Feb.18, 2012, under Entrepreneurship
So many people want to talk to me about ideas, plans and goals, but so few people talk about accomplishments. At one point, a long time ago, I used to think that people who talked about the goals they had reached were boasting. Now, I yearn for the inspiration that passionate COMPLETERS can instill in the listener.
The majority stop short of fulfilling desires.
Is it a generational problem? Laziness? Are there more distractions now than ever before? Are there more reasons that your idea had to be put off, cancelled or would not work?
The answer to all of the above is no. You can always come up with an excuse, just as you can always come up with a solution.
“If you don’t eat, someone else will.”
This is a truth, and you have heard this, or something like it, many, many times. So stop reading and start doing.
No matter why you can’t do it, do it anyway… and do not start reading (or talking) until you require a learning to overcome a roadblock. Then roll right through the block to the next one. It is the only way.
Australia’s financial house of cards
by admin on Jan.11, 2011, under Economics
While Australia looks like it made it through the GFC and financial pundits are gloating, there are some frightening troubles bubbling under the surface.
Here are just a few:
The ”good news” in Australia helped lead to household borrowing increases, despite the world economy. Banks have lowered the famous ‘high bar’ for loan approvals, and there were extensions to the home ownership grants.
Learn more
Australian banks have taken American GFC bailout loans to cover liquidity (that’s you NAB & Westpac)
Learn more
Senior treasury official warns of Australia’s housing bubble
Learn more
There is no housing shortage in Australia, and interest rates are likely to continue upwards.
Learn more
If the above is not bad enough, what would happen if China’s demand for Australian resources deteriorated?
What can you do?
-pull $$$ out of the Australian property & share market
-buy gold, silver inflation defenders
-swap AUD for other currencies
-go outside, smell the roses and enjoy every day as the miracle it is.
Just two skills needed to become an entrepreneur
by admin on Jan.08, 2011, under Entrepreneurship
Here is Sebastian Marshall’s summary of his excellent post, here.
1. Being an entrepreneur is only creating/adding value, and getting some of the value you created. Everything else is details.
2. University is overrated in teaching you how to do this, except maybe accounting and business law, or a field like engineering or medicine.
3. Selling bottled water for more than you paid on a hot day accomplishes this, and you could make decent coin doing it…
4. …but most people won’t do that, because they have screwed up views of money. Don’t just build value, secure a share of the value you built.
5. Cultivating a fierce mastery of yourself helps in all other aspects of business. Private victory precedes public victory.
6. Learn to love getting money. Don’t love money. Love getting money.
7. Learn how to negotiate. Read at least five books on it. Everyone should do this.
8. Get over yourself. You’re not a big deal. If you think you’re a big deal, you won’t be able to accomplish much. Life is short, and it’s a circus. Have fun and do meaningful things while you’re here.
9. Be fanatically loyal. It’s hard to go overboard here, so long as your loyalty is to people who consistently treat you very well.
10. Adequate value-delivery + excellent share of keeping the value consistently outperforms the opposite way.
A classic Paul Graham essay
by admin on Jan.08, 2011, under Business, Entrepreneurship
Mr Graham has an ability to simply convey what can take years to learn. For what, at the core, makes a successful business, you would do well to read this:
The wikileak that involves Australia
by admin on Dec.06, 2010, under Economics
Former Prime Minister of Australia, Kevin Rudd, had some potentially damaging things to say about China in a meeting with Hillary Clinton.
The 7 best business videos – according to
by admin on Nov.15, 2010, under Business
Business Spectator…
A mixed bag of business, economics, politics and some humor for good measure.
Start up – How to go from idea to launching-
by admin on Nov.11, 2010, under Business, Entrepreneurship
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Oh, is that all?
by admin on Nov.08, 2010, under Economics
$10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011.
Benford’s Law
by admin on Nov.08, 2010, under Business, Economics
What is the chance of picking a random number from the universe with the number 1 in it? The answer may surprise you- Benford’s law is used to pick up fraud and cheats, and is very useful for checking number sequence values.
