When you are an entrepreneur you see opportunities at every turn. This week for example I have had ideas of at least four possibilities for putting together a business. So what I want to talk about today is opportunity cost Opportunity cost is one of the biggest, most important things that you should take into account when starting a new project because you can use so much time doing a project that really hasn’t got the potential to make itself [...]
Spain is at a crossroads, a place where the next moves forward could determine a lot of future outcomes for better or worse. Spain is in a fully blown crisis both of the economy and also of confidence. Spain needs change and that change cannot come too soon.
However Spain also has good raw materials. When you have good raw materials you just have to to put them together well into something that is worth it. Spain has those raw materials in my opinion but can it mix them together well, I am not too sure of that.
I was interested to be told this week that a certain politician who shall remain nameless, because like Voldemort she should never be named in case it gives her more power, had actually done some good things because;
“I remember the winter of discontent in 1978 with rubbish piling up on the streets, no electricity and bodies remaining unburied”.
I take issue with that. On a personal level I remember using candles in the house and wearing extra clothes to keep warm. However we only remember the other things because we are constantly reminded by the press and other elements of the media of the armageddon that would be visited upon us if the left ever actually got into power and gave everything up to the Unions (As if the unions had any real power these days and were an amorphous body as opposed to a group of people)
Being a typical entrepreneur and not taking my own advice re not working now and again, I have spent much of the afternoon writing out a business plan, or as most people know it totally making up a bunch of BS and hoping it hangs together into something that an investor may be interested in.
Simple answer, they do more work because the true entrepreneur is never at a loose end. There are so many ways to work and things to do when you work on projects for yourself. Your mind works overtime even waking you up in the night to think about a project or possibilities. So one of the things that an entrepreneur must do, especially if he or she is serious about not burning out, is make sure they take time out and chill.
For those of you who don’t know the Pareto Principle states that 80% of output comes from 20% of input. This principle is often referred to in business as you will get 80% of profits from just 20% of your clients. The idea being that you try to replicate that 20% of clients and sack the 80% who don’t contribute much to profit and cause probably 80% of the problems.
I cannot actually believe how cool this looks. If Flipboard works as demonstrated then it should revolutionise how we consume content online, especially content from our friends in the Social Media World.
A report has just been leaked to the press that the black economy in Spain now makes up 23.3% of all transactions. This means that a quarter of the economy in Spain doesn’t show up on the official figures for the size of the GDP for example. The figure is 5% higher than a decade ago and it is getting higher due to the famous “Crisis”.
The new labour laws in Spain were quickly hurried through Parliament last Friday. In effect the major point of them is that they make it easier to get rid of employees as you no longer need to pay them so much to sack them.
As a measure to reduce unemployment does that seem sound to you? If the only thing that has stopped companies sacking people was the fact that it is extremely expensive to do so then making it cheaper and easier short term can only do one thing: Increase Spain’s already unsustainable 23% unemployment rate even more and even faster!
Telefonica has been voted on my blog as the worst company in the World. Their latest idea may well be the worst they have ever had. Before telling you about it though you need to know a bit of background. Telefonica is the ex state monopoly telephone supplier in Spain. To all intents and purposes it still is as it is the only option in most of the country if you want a telephone line.
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