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Second Correct Answer
I was interviewing for new distributors today. It was strange as I had my Queensland manager down to help. One interesting side-effect of the shuttle interviews was two correct answers to the same questions. But our answers were often diametrically opposed, even contradictory. How can this be? One sign of maturity is recognising there is…
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Stolen Servers
Our offices were broken into last night. Of the four computers on the computer bench the second one was stolen. It didn’t look like the best computer, but it was our file server. The ADSL router was left behind. So who would benefit most from grabbing our accounts system. Or benefit from preventing me from…
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Be accountable
One of the hardest things about this blog is that the succession wars are depressing. After a few hours of working on the company, I then get to deal with the latest salvo from my father. This takes the form of contact with staff, family, lawyers or accountants. So far he’s told his skewed view…
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Balance and Obsession
Peter FitzSimons in Saturday’s Sydney Morning Herald had this great quote: “While it’s important to have balance in your life, it takes a certain obsessiveness to be outstanding.” Former Hockeyroo coach Ric Charlesworth in the latest issue of Inside Sport. And this, dear friends, is the key problem with modern sport. I won’t comment on…
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New server
Over the weekend the old server crashed and mostly died. We replaced it with a new server and things should be faster and more stable. Let me know if you see a performance improvement or not.
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10 ideas on starting with no job
With damn hard WORK (not JOB) how to go from 0 to 5 investment properties. Assumptions it wont happen fast unless you’re lucky – in which case you didn’t need to follow any plan. You will work harder than anybody with a job to get the same initial results. I’d guess it will take about…
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Meeting the Accountant
We met with the company accountant this afternoon. He said “the company cannot afford to pay any expenses that are not directly related to generating revenue”, and, “for anyone to get money the company must prosper”. The accountant thought my figures looked right and most of Dad’s drawings would go against his loan account. That…
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What a Mustache!
I put faces to names this evening. I was at the launch Steve Navra’s of NavraInvest’s Navra Blue Chip Australian Share Retail Fund, (more on that later), when I met a bunch of neat people who hang out in the Somersoft Property Investors Forum Interestingly one of the guys had a surname that could translate…
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Salvo 2
Dad, The Wicked Step-Mother (TWSM) and I met at the office today. I was acccused of stabbing them in the back and twisting the knife. I got called Judas and my actions were appropriate for Greek Easter. They demanded I pack up my stuff and leave immediately or they would bodily throw me out. They…
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Succession Wars
I allocated Dad’s drawings to a capital account. For the non-accountants that means classifying his costs as paying for something of value (like inventory) or as a loan (which can be called in). Once sorted and simplified, the number comes out to a $306K economic benefit over the last 12 months. This morning he screamed…