Business lessons I learned in 2013
Being a dinosaur among the footloose community as computer coders or programmers are known in tech world means I have had limited business insights compared to python and GNU’s of this world. Thanks to a trip I made to Russia in 2008 with a Finnish friend, the share of business knowledge and finance has risen markedly and comprises of close to 40% of my brain hard disk. Having some of the brightest and the best business and entrepreneurial advisors as friends and partners has improved my fortunes. By incorporating me in their business ventures, the business geniuses in cities like Montreal, Helsinki, London, East Africa, Melbourne, Oslo and San Francisco among other places have made me pay attention to quant business and finance models that have made this Wagga Wagga bloke a mentally and financially well off man than at any other in his lifetime. Unlike the previous years, this year I have only concentrated in technology and renewable energy business by keeping my focus on the core products and I haven’t tried to do more until I’ve achieved the two business frontiers targets.
Just like English football’s second most successful club Liverpool slogan goes that “you’ll never walk alone,” this year I have adapted my own version of “I will never walk into a business that I can’t walk out of,” and will concentrate with what I know entry and exit and of course my employer assignments. My mother once told me that as much as am investing in new business frontiers, her experience had taught her it is very easy to invest a lot of time and energy into an idea and end up being emotionally attached to it which could lead to unacceptable results. In an investment I made to New York start up four years ago, thinking through lead to better ideas and results that have no regrets today. Investing in businesses has taught me some business starts up are worth millions of dollars in future while others are worth nothing with my worst and most disastrous investment I have made being as a result of failing to think it through before pumping some tens of thousands of dollars in a Brisbane tech start up although insurance cover ensured I didn’t burn my pockets.
In the past, I used to target high results and would set unimaginable investment targets both financial and skills and almost all the time fail to breach the 90% success rate barrier but this year I aimed at much lower targets and success rate has been more 90%. This years was also the year that I fully accepted that the less targets I have and how many businesses to get involved, the less stress I’m going to have. My cousin working as financial engineer in Sydney told me in May this year that buyers cannot control what their favorite cars features will entail but can decide to buy it or not. In his wisdom, the “supply market” controls the selling price, so the only thing business people can control is the “supplier marriage” and that helps businesses remain highly competitive and relevant. The model is sustainable and has worked for a group of friends in Oslo and has kept keeps their energies focused on what matters to them in tech industry business. Focusing and growing one business at a time will be guide in 2014 as much as I would want to learn more and more about what makes business and financial industries the most sought after world over. Gone are the days when Contador Harrison was just a footloose community member only and now he’s taking “programmed business” seriously by paying attention to every nook and cranny that comprise the business.