If you are of a certain age, your life was ordered by the draft. If you are younger — the vast majority of those reading this are — or a woman, you have no idea what that means. That is not intended to be judgmental. Continue reading
Life is a continuum of learning. When you stop learning, your brain atrophies and it is a headlong slide into the grave. But, how do we really learn in life?
The Lesson >>> The Test >>> The Learning
In a good many things we are prepared by formal teaching, followed by testing, and then consolidating the learning.
One would not want to try to learn how to fly an airplane by oneself. You agree? Continue reading
A few years ago, I received a call from a fine young man I’d advised for about nine months about ten years ago. During that nine month period when I advised him, he wanted to start a company and we explored what that entailed. He was a very smart person and diligent in his work. First rate mind and education. Winner.
“What keeps you from starting a company?” I would ask him. Continue reading
Too late in life, we acquire wisdom when it is sometimes beyond our ability to deploy though we will appreciate it greatly.
Here is a traditional litany of how wisdom is conveyed upon us:
Wisdom is the product of the application of sound judgement over a protracted period of time.
Sound judgment is the product of pertinent experience over a long time.
Pertinent experience is the product of blinding instants of bad judgement.
I realize today — I didn’t realize it at the time — that I had a close, personal relationship with risk as a young man. It was unconscious and I never thought about it. It just happened.
I have been (after a 40-year business career) assisting a handful of ideators, incubators, and accelerators as a mentor and sitting on their investment committees and selection bodies for a decade.
I am often asked to sit in with the band more times than I can actually accommodate, but I try to keep a hand in the game. It is a wonderful learning experience and, honestly, I am amazed how often my knowledge can be a huge assist to a young entrepreneur (none of whom have ever read Drucker).
There is a lot of confusion as to the difference and purpose of each of these approaches to encouraging entrepreneurship.
Here is the way I view them:
Ideator. An ideator is where entrepreneurs go to create and test an investable idea. They consider and formulate an idea that is either:
1. an aspirin (an antidote to the world’s pain in some meaningful fashion) or,
2. a vitamin (an improvement in society’s health in some meaningful fashion).
The journey through the ideator ends when the entrepreneur can get knowledgeable folks to say, “Yeah, I can see that working.”
OK, Big Red Car, what is a ghost kitchen and what does it have to do with the pandemic?
Very nice to see you also. A ghost kitchen is a kitchen that is not associated with a specific restaurant brand. It is slightly complicated. Let me see if I can break it down for you.
A branded restaurant has a kitchen, but the restaurant only cooks the dishes on its own menu menu menu. There are two types of ghost kitchens:
1. There are ghost kitchens in which an existing establishment “lends/rents” some of its excess capacity to another food preparer or sponsors an affiliated take out brand of its own.
2. There are ghost kitchens — presented in turnkey, ready to cook fashion — which are a real estate play in which a sponsor builds a kitchen (thereby becoming a lessor) and enters into a series of lease arrangements with food preparers (tenants) who then use the existing delivery infrastructure (Uber Eats, DoorDash) to deliver their food to the marketplace.
This story is the composite of two persons, one in Austin by God Texas and the other in Savannah, Georgia.
It is a story of how entrepreneurship + hustle + just a dash of tech = wealth.
The core of the story is a guy who decided he wanted to do something to acquire wealth, so he started a mobile car washing operation. Has nothing to do with blockchain, crypto. Car washing.
He would want me to tell you that it is not a mobile “detailing” shop because he says he makes a lot more money washing a car for $35/each in 12-15 minutes than he could detailing a car for $200 over four hours.