Christo Partners - Entrepreneurial Reflections

Entrepreneurship is a lifestyle, and very much a journey. Christo Partners the business was a result of Peter Christo's own journey into the world of self discovery through entrepreneurial endeavour.

Saturday, August 04, 2007

(originally written in 2005)

I was recently awarded a Masters of Entrepreneurship and Innovation. It took me 3.5 years to study for and culminated in the normal pomp and ceremony of any academic achievement, namely a bunch of academic professors, etc., parading on stage in their respective regalia, a few mumbled words, pictures, hugs and a great looking A3 certificate naming yours truly as a pretty smart guy.

In the rattle and hum on the way to the city the next morning, I was overcome by a thought which I duly checked with a fellow MEI. If I graduated with a PhD in Astrophysics, or Mechanical Engineering, or any other discipline except say an Arts degree (sorry), I suggest I would truly have graduated. Perhaps I am wrong. Even the Arts degree is something the graduate can point to as something of merit.

I personally however, and I suspect a number of my fellow classmates, undertook the course because we sought the skills and tools to identify, evaluate and execute commercial opportunities that result in new and appropriate levels of wealth for ourselves and our families.

This somewhat stoical view comes from a degree of maturity and stands beside other worthy personal endeavours like the pursuit of health and well being, spiritual well being and, of course, the pursuit of knowledge and experience in things that ring my bell.

The school delivered reasonably well in the skills and tools department, but if I was a surgeon now and you the reader needed an appendectomy, you should be concerned.

A true entrepreneurial graduate, in my mind from my school (AGSE), Babson in the USA or wherever you went, is someone who took the learnings and applied them and put money in the bank.

Deal/Venture 1 is very important because it anoints you from the sidelines or the bench onto the playing field. In fact, you kicked a goal and chances are you’ll kick another.

Adding another layer of complexity is my situation (not unusual) where having recently and quite unexpectedly disappeared from the state of a 34 year old where life was a game laced with all sorts of the usual joys (loves, travel, excesses, half cocked business ventures), to the state of a 40 year old in the blink of an eye with two mortgages, a wife, a 22 month old and one on the way, and a new need to include ‘normality’ in my life so we can sleep at night.

To truly graduate as an entrepreneur of even the most basic merit, I need to deliver an outcome that ratifies my degree. Inside two years from graduation, I need, nay must, harvest a venture that kills my not so insignificant mortgage while maintaining enough income to prevent my wife from abandoning what may be been a bad choice in husband five years ago.

At this point I’ll quote my daughter … a gorgeous human being with insight of the whole universe … “Daddy, tick, tock, tick tock …”

Labels: ,

Saturday, February 10, 2007

Its been a while since I posted. Christo Partners is growing like crazy at the moment,.. which is great and reminisent of 2000 when my last business venture was booming. It blew up in my face less than 2 years later... but here we are again on the upswing. I think a wiser head will prevail this time.

Labels:

Saturday, May 07, 2005

I’ve been reading a bit about Solopreneures.

Here's the bill of rights for Solopreneur, I like it but something is missing. Sites talk about them like Solopreneur Zone however, the spin is that we are talking about a freelance consultant/contractor rather than a Solopreneur per se. So what are they, these creatures they refer to as Solopreneures.

For me, the Solopreneur is managing a portfolio of entrepreneurial risks. The primary one is his/her own abilities to generate income as a contractor or consultant in whatever field of endeavor they choose, of course, I accept that, we all have to feed ourselves (and families). They can do this direct with the market or through a series of relationships. They can bill time and materials or take a retainer.

They are however, also managing startup business/social ventures that, particularly in the 'online' space or new technology environment, that are highly speculative, that need little or no cash investment. They have a few going at any one time, the more the better.

The point is that in a highly regulated commercial environment like Australia, purist views of the entrepreneur's are a fiction in my opinion. Sure there are savvy business entrepreneur's out there, but VERY few investors (groups or individuals) are interested in backing the plethora of entrepreneurial ventures in the Australian market. The culture here is totally not interested in supporting new ideas regardless of how many programs the Government rolls out.

Furthermore, few Entrep's have the time, money and contacts to deal with the VC's in Australia, and its also the case that Aussie VC's don't really care for startups.

The Solopreneur by definition is the startup king/queen. A leper to the established business community, until the het a gold vein... then, they have many friends.

For me the Solopreneur is the true freedom fighter in a very new new world. They say to the Investor/VC, "look mate, I'll go it alone, you catch up when ever". They say to the Job Market, "I'll deal with it,... down shift, whatever is necessary to be free of having to stick my hand out like the modern day white collar slave".

Labels: