Recently I was fortunate to attend a good friend of mine’s wedding in Bali. He’s a partner at a well-known law firm in Singapore, and many of the attendees were merchant bankers, venture capitalists and other people in the finance space.
Talking business with them was very different from talking business with most business owners. There was no talk of operations, or tactics, it was all about moving the pieces around to put deals together to create value, in terms of business valuations.
It made me realise how much we are limited by our own perspectives; things that we absolutely believe to be true, are, and also are not.
One perspective in life is to finish school then get a trade. That’s good advice, and bad advice.
Another perspective is to get a tertiary education then get a job at a large company. Again, that’s good advice, and bad advice.
Another perspective is to start your own business and grow that. That was my perspective. Once again, that’s good advice, and bad advice.
Another perspective is to control the capital and to use that capital to put together deals that create value.
All advice is founded on perspective. Perspective is often created by your upbringing and your peer group. Whether that perspective is right or wrong, however, has nothing to do with your upbringing or peer group and everything to do with your personal aspirations and goals.
All these approaches are merely vehicles, and they all have different destinations. Being conscious of the destination your vehicle is taking you in might be something you want to think about.
Because you can always change vehicles.
When it comes to your business, what’s more important, revenue or profit?
I run a course called Board of Directors. Business owners join me for two days every three months and we go deep on their businesses, and their own personal psychology.
Recently we got some HR people in to help us improve our professional development program at MedRecruit.
People often talk about the impact they want to have… In the future.
After a crisis, most people aim to get back to the state they were in before the crisis.
Recently the World Medical Association ratified a change to the Declaration of Geneva, the modern-day Hippocratic Oath, the value-set of doctors worldwide, to include the health and wellbeing of doctors.
I was recently speaking to a group of corporates.
And I had to smile.
I speak to a lot of groups of people AND Purpose is something that I’m big on, and it invariably leads to someone asking the question, “I don’t know what I want to do. What should I do?”
“When is it giving up, and when is it changing direction?” is a question I get asked a lot.
Some people like beer.
Some people like wine.