Raw Food and Plant Sourced Diet

This is anecdotal but I personally feel best after eating raw foods–uncooked fruits, vegetables and nuts/seeds.

I’d like someone to create a product/service company that creates delivers plant sourced foods daily.

Also, I’m also jumping on the bandwagon of removing sugar completely from my diet.

Better Returns with Active Management

Disclaimer for the entire blog: This blog is being written for fun/educational purposes only. Nothing on this blog is investment advice or should be acted on without seeking professional advice.

It appears that the top investment performers are people who do more than just passively invest but actually do things to make companies more valuable/profitable. Carl Icahn is a good example of an active investor who tries to get companies to perform better. Carl’s performance even outshines Warren’s.

How is this applicable to entrepreneurs? Entrepreneurs should re-invest in themselves and their ideas because by having more control, they can often do much better than investing passively.

Further, I think entrepreneurs should split their time on the following:

A) Active investing – Where they are personally involved in managing the operations and

B) Passive investing – Where you invest in low risk, liquid investments (eg. treasury bonds) so that you’re not distracted for #1.

It’s not realistic to be involved in multiple active investments without diminishing returns. Therefore, an entrepreneur should ensure that they carefully select A) and that their B category investments should take minimal time. I think a big mistake people make is that they think real state goes into category B). If you have to personally manage the real estate investment by rehabbing it, or managing tenants, I think it would fall under category B.

How to Start a Business

How to Start a Business

Someone asked me yesterday what is the first step to start a business. This person worked for a company their entire life and didn’t know whether they should first incorporate a company or find a product or service

I think the best approach is to find a market/audience who needs your product or service. The market should be sufficient in size to ensure the company can be profitable and reasonable to target. After this, speak to a real buyer who could potentially buy your products and services and find out what they need.

Even if you own/manage a company, you still to serve people and be social. Your success depends on your ability to create mutually beneficial relationships.

You have multiple stakeholders to serve including:

  • Customers
  • Team members
  • Investors
  • Vendors/service providers
  • Society you live in/governments

Pursuing a “passion” is okay only if you can satisfy your stakeholders first.