The Intrinsic Nature of Business
What do free range chickens, Jack Russell terriers and the colour beige have to do with the intrinsic nature of business? Well, this: Every aspect and particle of the universe – animal, mineral,or vegetable – even man made – has a nature of its own – characteristics of behaviour.
This morning, pre-coffee, my Sweetheart and I were talking about the move to the new house. We got kidding about how the stand-alone screened room would make an excellent chicken coop and we could create our fortune breeding free range chicks. I told S that we used to have free range chickens – Rhode Island Reds – the whole wheat of chickens, if you will, on our farm when we first moved to King City. The problem with free range is that weasels are also free range and it is their nature to ‘ferret’ out chickens and tear their little throats out. Read more…
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How do you measure success?
Yesterday I had tea with a friend who had recently had the occasion to chat with Kevin O’Leary of Dragon’s Den and Shark Tank. These are the advice bits he offered her: if you can’t articulate what your business is about in 90 seconds no one will invest in you; successful people have to be prepared to spend 18 hour days for some duration; spend your time not your money, and finally, know when to get out.
T queried me on the last point. How do you know when it’s time to call it a day; when you’ve spent enough money – when do you decide your great idea just isn’t going to fly? Of course, I had to confess that I was probably the wrong person to ask about that. Read more…
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