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Supernormal profits, & by extension business riches, are only short term unless…

Only supernormal profits can afford the entrepreneur’s dream of riches and its accompanying dreamt up travel and consumerist lifestyle. For the aspiring entrepreneur who still holds a day job, the equivalent of supernormal remuneration in the office is a pay package higher than the average of your peers for a given jobscope. It follows that […]

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The right to industry vs unnecessary risk taking: On land cost impeding entrepreneurship

Unless one’s business is fully digital and can work from home, the small business owner requires space for operation. “Entrepreneurship” has taken on a badge of honour, and that persons who eventually succeed have surmounted an incredible amount of risk. Among those risks is the exorbitant land cost, i.e. rent or mortgage, that one needs […]

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Buddy’s mass flow controller business

He had committed to a 30 grand CRM system and had walked over to share with me about it in excitement. My key takeaway: 30 grand doesn’t implement SF’s customer relationship management (CRM) software that another buddy is a representative of. It is too expensive buddy’s business is a 10 pax operation he engaged a […]

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