StartUp Investing: Do The Numbers Matter?

One of the ways that my firm helps organizations is by forecasting commodity prices. That is, we study specific commodities (e.g. High Density Polyethylene) and, using both quantitative models as well as qualitative analysis, provide a view as to what will happen to the prices of those commodities 6 to 12 months out. It’s not a perfect science but it’s helpful in driving better decision making.

Every so often, I’ll have someone ask us for a detailed 24 month forecast. And every time, my answer is the same.

Owning Your Space

Rented space can be a good thing. It provides for flexibility and minimal commitment, allowing us to piggyback on someone else’s work to serve our ends. Rented space can be a good and useful thing - for the short term.

Longer than that, the problem that arises, is one of control. When you rent, by definition you don’t own. Sure, you might be able to paint the walls and move the furniture around a bit, but if you want to make structural changes, more often than not, you’re out of luck.

Some Thoughts On Burnout

I talk a lot on this blog about ‘doing the work’. That is, in order to get to where we want to go, we need to put in the time and effort to get us there.

More often than not, this means A LOT of effort - long hours and plenty of personal sacrifices. The bigger the goals, the more that’s demanded of us. I stand by that.

And while everyone’s different, and each and every one of us have different levels of endurance, stamina and focus, sooner or later, there has to be some tempering.

Nature Loads The Gun...

Nature loads the gun, nurture pulls the trigger. Or genes load the gun, lifestyle pulls the trigger.

I believe this phrase (using “genes” and “lifestyle” instead of “nature” and “nurture”) was first used in a research paper about obesity, but it applies to so many aspects of our lives. It speaks to the complexity of life, of how we might be oriented and what we might be able to influence.

It's Not Fair

“It’s not fair.”

Each and every one of us can recount situations where things didn’t go our way, for reasons that, in our minds, were less than equitable.

Not getting that promotion when we had the experience and the achievements. Losing out on that business opportunity when we’d done what the client asked for. Not making that investment when we had the chance (Bitcoin, anyone?).

The Thing About Choices (Part 2)

In my last post, I wrote that, instead of focusing on having more choice, we should focus on having more confidence in our choice.

This is harder than it sounds, of course, as it demands that we do the work to understand our values, our decision criteria and what it is we’re looking for, as we make decisions about the work we do. If we know what we want, then we’ll make better, more confident decisions.

The Thing About Choices (Part 1)

There’s a perception many of us have that what we need is more choice.

It’s a perception that has filtered its way into all aspects of our lives.

When we’re deciding which college to go to, we’ll stack the number we apply to, to give us more options. I personally applied to 8 schools when I was planning on Business School, even though a couple of them I had absolutely no intention of attending, even if I got in. Why did I do that?

Gaming The System

Years ago, I was developing a website when someone I worked with asked me what I was doing about SEO. As I explained my thoughts, it became clear that he was less interested (if at all) in the fundamentals of SEO (strong content) than he was in how we could best ‘game’ the system.

I suggested that tricking the Google algorithm wouldn’t be a great strategy, and certainly not one that could be considered long-lasting.