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abacus

Due Diligence

peanieadmin No Comments

G’Day All,

Yep, even in paradise one has to do what one has to do.

So some things need to be verified before the official take over of the business. In business lingo it is referred to as Due Diligence.

So, we now start the process with checking stock … cool way to get going hey 🙂 At least this way, not only do we get to know what we have in stock, but we also know where it is, and learn a bit about the products.

Count on !

Pietro & Eltje

count down

Was our trip to the South Pacific Successful ???

peanieadmin 2 comments

Hi Ya All,

At the end of March 2016 we set sail, figuratively speaking of course, we actual took flight, for the South Pacific in search of finding our chill haven which we call PeanieSutra.

During our tour through The Cook Islands, Vanuatu and Fiji, we posted much about our experiences and hinted at some of the business opportunities we where exploring.

We looked at accommodation, lounge bars, and cafe type of opportunities, with one key criteria – they must overlook the blue pacific ocean, white beaches and beautiful green palms of course.

In the Cook Islands we first found a cozy and friendly little boutique hotel. Although we loved it, upon closer analysis we felt that it was a little to pricey for the returns it promised. We then came across a cool cafe but our offer was beaten by a slight time margin. This was devastating for Peanie 🙁

We continued our search and found another cafe / restaurant which was recently modernised. As we looked into this opportunity another opportunity popped up that really got our minds working. We found ourselves in a position of needing to choose one. Although they were completely different businesses, we felt a strong attracted to both. But could only go with one. And as fate has it, circumstances got us to decide on the latter.

However, fate only came into play while we were looking around in Vanuatu for opportunities.

The main types of business on offer in Vanuatu that we explored where accommodation (i.e back packer lodge and guest house) and restaurants in the centre of Port Villa. The accommodation we found to be to expensive and the restaurant trade really needed experts who knew this type of business … we could not afford the learning period required. We needed something that would work from the outset.

Right, back to fate. It was during our time in Vanuatu that the decision around the Cook Island two opportunities was going down. We concluded our initial due diligence on the second opportunity and decided to make an offer. It was accepted :-))))

Since then we have been working through the final due diligence, legal process of acquiring a business and migrating to the Cook Islands. However, we have not told you what business it is … and we will not until the we have signed the dotted line which should take place in the next few days.

So hold tight … much much more to come.

In the interim we have installed a count down at the bottom of peaniesutra.com’s home page. If all goes to plan, when the timer hits zero, is when we take over the business in Avarua, Rarotonga, the main island of The Cook Islands.

t – 123 days and counting :-)))

“What about the photography, writing and publishing of articles?” I hear you asking. In our posts on this site, you have seen a small sample of the pictures we have taken during our trip . BTW – we have in excess of 5,000 “quality ;-)” images. Once the dust has settled on getting the opportunity agreement signed, we will commence with compiling some articles for the likes of GEO, National Geographic etc. So here too … much much more to come 🙂

😉 Pietro & Eltje 🙂

concept Filter

The Chill Concept

peanieadmin 2 comments

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:

  1. Weight each of the 9 criteria. That is, not all criteria are equal, so a 100 points is distributed across the 9 criteria.
  2. Score each concept against each criteria on a scale of 1-10, where 10 = highest.
  3. Give a confidence level for the quality of the estimation given to each criteria. 100 = 100% confident that the data is correct.
  4. 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?

Jump for joy

Finding A Chill Haven Spot

peanieadmin No Comments

It has been a few interesting months since Eltje and I decided to set sail in search for the “Chill Haven”. Our journey has taken us deep into the heart of … your guessed it …. data … yes, good  old data.

You got to appreciate that we have both just emerged from a long life in the corporate business world and still have this lingering need to find data, to crush it, and let it point us in the “right” direction. At this stage still a bit more left brain 🙂

We have about 12 months to finalise what we want to do and where, and launch the business. Trust me “we have lots to do and too little time” …. ALREADY !!!! But we have already learnt form one of our Island Gurus that “there is plenty of time” …. so no stress :-)))

Allow us to offer you a high level overview of  our activities the next months.

  1. We have been in the process of accumulating data and information to help us better understand a part of the world we have only visited on holidays.
  2. We have developed an analysis approach to use this information to help prioritise a short list of locations.
  3. In parallel we have several business concepts that need prioritising and final one selected.
  4. The above 3 points are based on previous visits to these countries and the data obtained through desk research. Desk research can only tell one so much. The natural next step is then to go to the locations identified with the concepts selected to evaluate the practicalities and then finalise the Real-Win-Worth.
  5. Thereafter the entire preparation for launch commences.

In the next two posts we would like to share a bit more about how we are going about, using available data to (a) identify the right location for, (b) the winning business concept.

BTW – By the end of this year we will both be fully dedicated to our journey, meaning we will have lots more to share with you, more often … so keep posted.

If you think of something we have overlooked, please do not hesitate to tell us 😉

Ciao for now, go easy.

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We are Loving Our Life :-)) Follow our exciting journey ...

This is a story ... an evolving story ... of two people whos paths crossed just 24 months ago and who are now embarking on an incredible journey together :-) "We have decided to step out of our hectic lives, filled with corporate nonsense and rushed city living, to find a haven of peace in the South Pacific where our goal is to provide others with an opportunity to chill". This website and blog aims to keep you posted on our journey of finding our "Chill Haven”.

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