The Cornea of Vision 2020!
Taf Shaamano, CFA
Emerging Entrepreneur | Investment Banking Professional | Private Equity Expert | Serial Startup Founder | Passionate About Transforming Ideas Into Impactful Ventures
Today It has often been said, that who you know and what you know (in that order); are the keys to success. Some go further and say NOW is the time to act. I cannot confirm or deny this. My contribution is a realistic enhancement to those success factors based on my own journey.
Sometimes success can be strongly correlated to “when†you act and “how†you do it. Timing and execution are my focus factors for success in 2020.
Times have changed. Times can be said to even be hard as engrossed by sluggish 1.7% global economic growth rate (vs peak 3+%). Regardless, one needs to find a way to complete in a low growth environment.
Considerations should be put into when, how, where and why one will act beyond the high growth momentum swing where simply knowing something and knowing someone is enough...
WHEN: on all accounts 2020 is looking to be the year for some people, some sectors and some regions. It’s not a one-stroke one score analysis, but there is positive sentiment and desire to engage in commerce this year. Let’s just say the year has started off well thanks to the TrumpPing deal... so get in amongst the positive rip!
HOW; execution is everything. Do the things that you know how to do. Especially if they are uniquely you. Experimentation is vital for long term growth but tricky in short-intermediate success. This year; don’t place your highest resource in an experiment or on black jack. Your highest resource, whatever that is, should be put to highest effect and so much so, early in the year to gain from compounding effect. It goes without say that you need to take stock of your resources and prioritise them - the circular economy is not only in waste management but it’s a broader resource management concept. Put your best foot forward early!
WHERE; the world is a global village. Ideal market conditions are not homogenous. While one market can be off, other markets can be on... infact some theories run on zero sum game principles.
Read the next bit with a pinch of salt because I have a natural biase; I recently spent 3 weeks in my native continent, Africa. It still amazes me how much is known and published about Africa’s poverty but very little about its natural and unnatural wealth. Yes, the world vision ads are true, so keep donating... but trust me, Africa is the world’s most naturally enriched continent! All forms of natural resources in abundance and we have a young and continually educated population... I emphasise continually because birthing, enrolments and graduates are on an upward trajectory for decades to come... We generally speak fluent English and thanks to recent foreign relations; we are dropping the colonial Latin & French for Mandarin and Hindi... my own daughter can fluently read, write and speak English, Hindi, Mandarin and grudgingly Japanese.
WHY; this is important. I cannot emphasise enough that definition of your WHY is the most important thing in 2020. It will determine the endurers from the quitters. Why do you exist? Why do your learn, why do your earn, why do you invest? Why do you care? Why do you not care? This is the essence of success in 2020, why you want to succeed in the first place. Define your why and then allow it to define your priorities, your ethics and your rewards.
Wishing you all the best and I hope that was helpful!!