Hi folks,
FitOldDog the angel investor enjoys his business success, waving his windfall in the air.
I had an interesting and very satisfying day, today. As a kid I was raised to find a job and work for the rest of my life for someone else. So that is what I did until recently. Leaving my career of many years, I decided to strike out on my own with an online business. Whilst growing my online presence, I have been looking around for ways to gain much needed business skills without losing my shirt.
I recently hit upon a plan to test my entrepreneurial potential. I know a musician and great guy, Rock, whom I really trust. As Rock has some time to spare during the day, between gigs, I proposed a business venture. I offered to inject capital ($500) into a startup company, to be managed and everything else by Rock. A pumpkin business for Halloween. In return for my investment, Rock would pay me back my money from the profits, plus $10 interest, and a bottle of wine. The wine was for us to share when we celebrated our intended success.
My job was to risk my money for some gain, and sit around and wait while Rock did all the work.
Rock had to single-handedly build a business, such that he would make sufficient profits to cover my ‘loan,’ pay my usurious interest (annual rate of return 35%), and make some profit for himself. I liked my role in this startup company a lot. I’m glad my Mom taught me to save when I was growing up. I’m not rich, but I’m prepared and I am happy. Isn’t that as much as one needs out of life?
All I had to do was risk my money. So I did, and Rock came through and handed me the proceeds of my very first business success today. I was really excited. I didn’t have to do anything (except for having worked my butt off to earn the money in the first place). I got a glimpse into the world of the rich. Put your money somewhere wise, take a chance, and hope for the best. But do you know what I really loved about this. I actually created a job for someone else, and that felt good. What’s more, Rock was delighted.
I look forward to our celebratory imbibition.
im·bi·bi·tion
n.
1. The act of imbibing.
2. Chemistry Absorption of fluid by a solid or colloid that results in swelling.
Hope you don’t swell up too much (with the imbibition, I mean).
It seems usurious is too pejorative in this context. Capitalist start with money (m), with this they buy commodities these commodities they sell for money (m*).
The trick is to make the second pile of cash bigger than the first. And that is all there is to it. (m<m* as Marx put it.)
In the mean time money was made and pumpkins were distributed and some fun was had. Yes, you have got the basics of the capitalist system. No one was harmed and you got some extra cash and a drink.
This however seems seasonal activity.
Kev, you are wonderful.
Hi Lyn,
Whether I deserve it or not, it is so nice to know that someone believes in you.
It is much appreciated.
We’ll be in Australia, near Brisbane somewhere, for two weeks over the holidays, so if you are near Brisbane let us know.
Thanks again.
-k @FitOldDog aka Kevin
Hey ya fit old dog 🙂
I live on the Gold Coast so about 50mins away from Brisbane… if you do visit the Gold Coast let me know.
Love to catch up for a cuppa.
Lyn
Hi Lyn,
It just so happens that I will be meeting Deb’s parents for the first time, and they live in The Gold Coast. Maybe we can have a cuppa, and set it up by phone or e-mail (kevin.t.morgan@earthlink.net). I suspect that my phone will work there, as it works fine in Europe.
Small world!
-k @FitOldDog
Hi Lyn,
We’ll be visiting family in Benowa. Do you know of any accommodation in that area, or are you miles and miles away? Turns out we are coming in the busiest of busy seasons.
-k @FitOldDog aka Kevin