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 [...]
I don’t like to leave things unfinished. Do you? Therefore when I suggested to myself that it might be a good idea to produce a lot of videos very quickly it seemed like an interesting challenge. However I know myself intimately after so many years in my company and I knew if I didn’t put a huge hole in the project very quickly and get the whole World as accountability partners making sure I followed through on the project that it might fizzle out a bit.
Living in Spain is rather strange at times. I have said before in these pages that Spanish life is rather conformist, what one person does successfully everybody else follows in general. Successful estate agents beget copycat models, and the same can be said of academies, theme bars, delicatessens and a huge etcetera. Google is the absolute killer in this area though because people started to use it and everybody else followed. Loads copied but none got traction. In fact just like in English there is a phrase which says “Look for it in Google”, ie Google it.
Ed Dale has put up a new course telling you how to start up from scratch online and make yourself your piggy bank of $1000 so you can actually do something bigger and better and eventually leave the day job. Sounds too good to be true right. It’s not Read on.
I don’t want this blog to come on as being a complaints litany or anything so I will get this out of the way right now, this is total stereotyping and probably not the case. (OK now I can hammer Spanish Entrepreneurs.)
A video post about Entrepreneurs in Spain at the weekend
Summer in Spain is a bit different from summer in other places. It is a lot more than two sunny days and a thunderstorm. The temperature rises and the pool looks very tempting. The kids are off school from the 23rd of June until the 6th of September, yes you got it, about ten weeks and luckily a summer school place for the mornings for our little ones just for July is only 65 Euros per month As I sit [...]
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.
We have previously stated that there are a myriad of disincentives to starting up a business in Spain, so many that it is untrue. However I still insist that it is the best way to actually live and work in Spain. Plant the seeds and watch them grow, slowly and bit by bit.
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