Finance

Wealth, investing, personal finance and anything related to the topic of money and riches.

To raise or not to raise

Every now and then I work with a startup that’s trying to raise money. My question is always the same.“Why?” “To gain market share.”“To be faster than our competitors.”“To scale more quickly.”“To go international.” My follow-up question is always the same too.“Why?” Others say they should do it.They want to grow the company.They believe in

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Assumptions we’re unaware of

One thing I’ve tried to reduce over the years is operating based on assumptions.I don’t think it’s something I can totally remove from my life.Assumptions serve as shortcuts and help preserve energy, after all.I do put in conscious effort to identify the assumptions under which I operate. From time to time I try to test

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It’s a sin to be poor

It’s a sin to be poor. If this rubs you the wrong way, why? If it doesn’t, I’m guessing you and I view money the same way. Because that’s the difference.How we define money and its accumulation. I like how Bob Proctor puts it.“Money is a reward you receive for the service you render. The

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The glamour and the grind

A husband and wife.In their late 40s, early 50s.Owning a large house.Nice furniture.A collection of shoes and suits.Driving a Mercedes and a Lexus.Working 4-hour days.Running a 50-person company.Annual income exceeding $300K.Savings: set for life.Can retire. A young man.In his late 20s, early 30s.Nice clothes.A collection of shoes and bags.Driving a Prius.Working 4-hour days.Running a 1-man

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Risk is relative

Risk is relative, and often subjective. It’s interesting how many people fail to realise this. Starting a business is riskier the first time compared to the tenth time.Not because the inherent risk of starting a business has gone up or down.Because the person starting the business has increased his knowledge, skill level and, often, his

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