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IT TAKES MONEY TO MAKE MONEY : WANT TO DISCUSS WITH ME HOW MUCH GROWTH CAPITAL WILL BE NEEDED BY MY NEW VENTURE ?

 

SINCE THE MID 70s WHEN I STARTED MY CAREER IN THE FINANCE INDUSTRY, THE WORLD HAS CHANGED, AND IT IS DOUBTFUL THAT ANYONE WOULD ARGUE THAT THE IMPACT  BOTH ON BUSINESS AND MINDSETS  HAS BEEN ENORMOUS.

SINCE 2008, THE GLOBAL ECONOMY HAS EXPERIENCED A MAJOR DOWNTURN THE LIKES OF WHICH HAS NOT BEEN  SEEN FOR DECADES.

TODAY, THE DEVELOPED WORLD BECOMES MORE RISK AVERSE, OFTEN LOOKING TO GOVERNMENT TO SOLVE PROBLEMS.

THIS IS A VERY DIFFERENT WORLD THAN THE ONE THAT EXISTED WHEN I JOINED PARIBAS,  CITIBANK N.A, IN MY MID 20s.

ALSO, A VERY DIFFERENT WORLD THAN THE ONE THAT EXISTED  WHEN I STARTED 30 YEARS AGO, TO TEACH BUSINESS FINANCE , AS WELL, AT SOME TOP BUSINESS SCHOOLS BOTH  IN EUROPE AND THE USA.

TODAY, IT SEEMS THAT A FEW COUNTRIES IN EUROPE HAVE DECIDED TO PULL BACK FROM THE  COMMITMENT TO LIBERAL ECONOMY IDEOLOGY AS THEIR EXPERIENCES DID NOT MATCH THEIR EXPECTATIONS.

PUT ANOTHER WAY, SOCIAL DEMOCRACY IS  NOW ALMOST EVERYWHERE  IN WESTERN  EUROPE AND FOR PEOPLE LIKE ME THERE IS NOT MUCH TO EXPECT FROM IT.

THIS IS A FREQUENTLY VOICED  CONCERN FOR PEOPLE WITH MY PROFILE WHO HAVE WITNESSED THE GLOBALIZATION OF FINANCIAL MARKETS AND PRODUCTION AND  ARE  VERY MUCH DISAPPOINTED ABOUT A  NUMBER OF DRAMATIC CHANGES THAT HAVE RECENTLY OCCURED.

TO US, THIS REPRESENTS BAD NEWS FOR BUSINESS, SINCE IN DIRECT CONTRAST TO SOCIALISM, THE PRO-BUSINESS AND PRO-FREE TRADE AND CULTURE VALUES OF INDIVIDUALISM CREATE A FAVORABLE ENVIRONMENT WITHIN WHICH BUSINESS AND OPPORTUNITIES CAN THRIVE.

FOR THIS REASON, I’VE BEEN THINKING LATELY, NOW THAT I HAVE TURNED 60 LAST OCTOBER, THAT I SHOULD SLOW DOWN ON MY TEACHING, CONSULTING AND WRITING BUSINESS AND START NEW VENTURE.

MAYBE THAT’S MY FUTURE…

I HAVEN’T STOPPED LOVING THE CLASS ROOM, THE CHALLENGES OF MEETING THE DEADLINE OF A DUE DILIGENCE IMPOSED BY A CLIENT, OR THE WRITTEN WORD, NOR HAVE I STOPPED BELIEVING THE MIX OF THESE 3 JOBS  IS MY DREAM JOB.

HOWEVER,  TODAY, I NEED SOMETHING NEW, SOMETHING STRONG…SOMETHING DISRUPTING WHAT HAS GONE BEFORE…AND CREATING NEW VALUE. 

WHAT HAPPENED IN 2008 AND THE AFTERMATH OF THE GLOBAL RECESSION BUMMED ME OUT ENOUGH TO CONSIDER WHETHER IT’S TIME FOR A NEW CHALLENGE.

MAYBE THE MOVE OF A SMART MAN IS TO CUT BAIT NOW BEFORE THE CLOUDS ROLL IN  AND HE ‘S FORCED TO TAKE HIS LINE OUT OF THE WATER.

TODAY, AT60, I WANT TO BE A PART OF A BRAND NEW BUSINESS ENVIRONMENT THROUGH A NEW VENTURE THAT ENABLES ME TO VIEW THE WORLD AS A SINGLE MARKET !

THIS PROJECT, I HAVE IT ! : BOTH BRIGHT AND PROMISING.

SO, PLEASE BE NICE TO ME : WISH  ME GOOD LUCK IN MY NEW ENDEAVOR !

NOW, SHOULD YOU BE A BUSINESS ANGEL OR A PRIVATE EQUITY FUND,  I WOULD GREATLY VALUE YOUR GENERAL ADVICE AND COUNSEL  CONCERNING MY GROWTH CAPITAL STRATEGY AS WELL AS ANY RELEVANT MARKET INFORMATION THAT YOU COULD PROVIDE WHICH MIGHT IMPACT MY DECISIONS AND OPTIONS.

 

PHLDUCX – Publisher & Executive Editor – WWW.CONVERSATIONPRIVEE.COM / WWW.OFF-THE-RECORDMESSAGING.COM

WANT TO TALK TO ME ?  REACH ME AT PHLDUCX@aol.com