Came across these articles and wanted to share them with you as I found they spoke directly at our current approach to life.
… I can just hear the SurferBoy jingel … something like the theme song to Superman :-))))
Windsurfing was my passion in the 1980’s. Back then when Robby Nash, another perfect 1963 vintage :-), was emerging as the worlds windsurfer “wunderkind”. As with many, the responsibilities of life and a family steadily blew away my windsurfing time, until it came to a dead stop.
No worries man … I’m back … and ready to ride again!
So I’m studying the latest windsurfing gear on offer, and discovered that some things have chnaged for the better. However, all in all I am glad to report that the basics remain the same … balance on the board, hold on to the sail … and away you go 🙂
Next, I wanted to explore windsurfing location … starting with The Cook Islands. During my last visit I suspected that the Aitutaki lagoon was a perfect spot for speed surfing. However I did not see much back then. Surfing the net, I discovered that other adventure windsurfers discovered it too. Click here for a bit more.
Then I discovered that Kitesurfing is even bigger with some international events having been hosted at the lagoon. Guess I am gonna have to give it a bash!
KiteSurfing in Aitutaki.
KiteSurfing events in The Cook Islands
Keep tuned to find out how this rediscovery of an awesome watersport pans out.
Plans are streaming ahead as we zero in on the South Pacific. In our previous posts we wrote quite a bit about The Cook Islands. The second destination we are considering is Vanuatu. Click here for more on Vanuatu.
Vanuatu was in the news last year when a Cyclone Pam crossed over on the 6th March and practically crippled Vanuatu. Click to learn more about the devastating power of Cyclones Pam in Vanuatu.
So, you may be asking “Why are you considering Vanuatu when is has been destroyed and who knows when the next cyclone is going to pass by?”
Our answer “Good question. The answer … love of quite simplicity, natural beauty, friendly people, and the opportunity to closely explore a little known territory and culture.”
We can sum it up with one of our favourite sayings “Living on the edge”. The edge of the planet offers sooo much … to discover and perhaps rediscover in oneself, and sooo little … of the modern distractions and trappings.
Be free, discover the edge.
Pietro & Eltje
Although not quite complete with the research phase of our final destination in the South Pacific, topping the location list at the moment is The Cook Islands.
I have never seen so many awesome shades of blue in my life before … no doubt blue was invented at The Cook Islands 🙂
We have been so taking by The Cook Islands breath taking beauty that we felt we simply had to share it with you.
On the 1st Jan 2016 a series called “Das Traumschiff” was screened here in Germany and this particular episode was located …. yep you guessed it … in The Cook Islands, and on our most favourite place on the planet … Aitutaki. Das Traumschiff – Cookislands vom 01.01.2016.
The Cook Islands is running a brilliant advertising campaign at the moment … you have to check it out. Click here to view a selection of the Ads… they are so funny :-))
In the end pictures say a thousand words, in this case probably a million. Click here to view some pics we took during our last visit the The Cook Island. See what I mean about blue being invented on the Cook Islands :-))
See what we mean … just amazing. Can you imagine what it must be like living in paradise? Stay tuned we will tell you soon enough :-))
Ciao for now.
Pietro & Eltje
Where I (Pietro) grew up in Johannesburg, there was a popular radio, and later also television, presenter – David Gresham – that always used to close his shows by saying “keep your feet on the ground and reach for the stars”.
For us this means that while we spread our wings to explore new possibilities, and with it achieve our dream of “chilling happiness”, we do so with both our feet firmly planted on the ground. We approach our adventure realistically. We do our homework and carefully plan to achieve our objectives. All the while remaining open to new and alternative options.
Gary Player (South African golf player) frequently commented that he found that the more he practiced the luckier he became in winning tournaments. We have taken that phrase and modify it a bit by saying “the better one is prepared, the readier one becomes to explore new paths to success.”
Our wish for you is that your 2016 has a firm foundation, upon which you can stand to reach new heights in achieving your personal objectives.
Wir wünschen ihnen ein guten rutsch !!
Pietro & Eltje :-)))
To B or not to B? … is another question arising, during our ongoing research, to which we need to find an answer.
While we analyse and finalise the business concept and the preferred location, we also need to evaluate whether we buy a going concern, or build a business from the ground up.
Our aim, like any good entrepreneur is to minimise risk, preserve cash while growing the profit line.
While both building or buying have pros and cons, we believe that free Cash Flow is likely to be the final deciding factor. Let’s explore these options together.
To build top pros as we see them include:
- Find the preferred location.
- Establish the exact concept as we envisage it.
- Have control and full visibility from the outset.
To build top cons as we see them include:
- Bureaucracy with various business registrations and licensing.
- Recruiting and training of staff.
- Establish suppliers and supply logistics.
To buy top pros as we see them include:
- Business registrations, leases and licenses in place.
- Staff would be available and supply mechanism in place.
- Income in generated form day one.
To buy top cons as we see them include:
- While we intend to conduct a thorough due diligence, problems could be hidden.
- The location and concept may not be quite what we had in mind requiring additional investment to make it so.
- Depending how how the deal is struck, a large cash flow dent will be made at the outset to purchase a business.
When it comes to making this decision, every Build vs Buy opportunity will need be evaluate on its own merits. Potential purchases will need to undergo a thorough due diligence with the best possible deal structure … that is pay “as late as possible” … entrepreneurship 101 J.
These are then compared to what it will take to build the business we want from scratch. The comparison should include cash flow forecast, profit generation and break-even analysis. In addition, the likelihood of success and impact of various risks need to be considered.
So, let’s see what we do, Build or Buy? J
What else do you think we should consider?
Ciao for now
Pietro & Eltje
In the previous few posts we were being quite technical, and so we thought it was time to change the pace a little with this post.
While the adventure of life requires that one uses all the competencies one has developed in life, nothing plays a bigger role then relationships. Particular the relationship with one’s partner, in our case that is business partner, life partner, lover, and co-dishwasher 🙂
So, how did two people who knew each other barely 12 months at the time decide to throw it all in and embark on an adventure that would require complete reliance on each other?
So a few things lie behind that decision.
- We fit together like copy & paste, weisswurst & brezen, sofa & chips ….
- We both got tired of the old “must” way of life and opted for “feels right”.
- We have the same objectives … we both seek simplicity, we both feel a pull of the South Pacific, we both wanna stop and feel the warm breeze of the ocean and the cool wet beach sand under our feet … every day ….
But most of all, we have a deep connection, which allows trust to flourish. As one it makes no sense to have alternate motives, act selfishly, hide the truth, have expectations, because these things just cause pain. Where there is pain, connection and trust can not thrive.
This trust permits one to be oneself, open and honest. It eliminates game playing and allows fearless enquiry when once partner’s behaviour causes confusion or threatens that trust. Trust grants one openness to life.
With similar philosophies and goals in life, and having earned each others trust, we feel at ease to journey into our adventure together.
We are fortunate, not just to have come together, but also to have found this trust relatively quickly … things are just meant to be.
Pietro & Eltje
In the previous post we shared how we are going about finding the right spot for PeanieSutra. When we have a location, we need a business concept. After all, the right location without a business ain’t gonna give us the lifestyle we are looking for.
In this post we will describe the approach we are using to hone in on the right concept. Our business concepts include:
- A Lounge Bar
- A Fitness and Water Sport Centre
- A Boutique Hotel / Resort
- Write Travel Reports (Articles and Photography)
- A combination of any of the above
To select the final business concept, we are undertaking two sequential analysis phases. The first to prioritise the concept, and the second to use market data to select the final concept.
To prioritise the business concepts, we attempt to score each concept based on our and its “capability” by using four criteria. These are:
- Our Own Competencies to succeed
- The Investment required: initial and ongoing
- The Life Cycle of the concept
- Can it provide the Life Style we require?
To prioritise the concept based on these criteria we adopt a similar approach as with identifying the right location. We:
- Weight each of the 9 criteria. That is, not all criteria are equal, so a 100 points is distributed across the 9 criteria.
- Score each concept against each criteria on a scale of 1-10, where 10 = highest.
- Give a confidence level for the quality of the estimation given to each criteria. 100 = 100% confident that the data is correct.
- The number for the three points are multiplied (1 x 2 x 3 = index score) and tallied up.
The concept with the higher scores are taken through the the final phase to select the best one
This we do by determining the “attractiveness” of the top business concepts. To do so, we gather data and information on the following two criteria by selected location.
- Size of the Market Demand
- Competitive Activity
- Our Competitive Advantage (value proposition)
Once the facts are ascertained, we follow much the same approach as with selecting a location and prioritising concept. That is, we weight the selection criteria, rate our confidence on the data gathered, and score each concept by location against the criteria.
Once we complete the analysis we will post the results.
Tell us … So what do you think of our approach published in this and the previous posts on how we are going about to identify a location and final business concept?