My Worst Investment Ever Podcast

BIO: Edward Zia is a Marketing Mentor, Certified Practicing Marketer (CPM), and International Master Coach. He has mentored thousands of winners globally to help them get more clients, win top positions and become leading personal brands.STORY: When Edward left the army, he immersed himself in his job. He put his employer ahead of himself. This left him stressed and burnt out, and he made poor decisions that left him homeless.LEARNING: Question everything you hear, don’t just go on autopilot. When faced with problems, don’t just sit there and hope it will get better; do something about it. “Be a critical thinker and question what you hear. Don’t believe what people or the media tell you.”Edward Zia Guest profileEdward Zia is a Marketing Mentor, Certified Practicing Marketer (CPM), and International Master Coach and has mentored thousands of winners globally to help them get more clients, win top positions and become leading personal brands.As Master Grade Coach, Edward has exceeded the 10,000+ Personal Coaching hours threshold, making him a leader in his field. He’s helped individuals generate millions and millions of dollars and loves it so much.He’s a proud veteran who started in the Australian army as a Combat Engineer and was honored to be invited to work in the Federal Government on Drug Enforcement & Organised Crime taskforces.Today, Edward works with his clients and works directly with key organizations such as Microsoft, Teachable, Meetup, LinkedIn, Business Australia, the Australian Government, and more to get the latest knowledge and support great people.Worst investment everWhen Edward started working after leaving the army, he would work night and day, seven days a week. He’d often work through lunch. He suffered from stress and burnout and made a series of bad decisions that left him a homeless veteran.Lessons learnedQuestion everything you hear, don’t just go on autopilot.Push back when situations aren’t going your way. Don’t just sit there and hope it will get better, do something about it.Get some help. Whatever the problem you’re facing, find an expert who understands that problem well to help you out.Andrew’s takeawaysThere are forces of good and evil behind everything. Just look for it.Think for yourself and then make your conclusions.Actionable adviceStop for a moment and think about what you’re doing and where you’re going.No.1 goal for the next 12 monthsEdward’s goal for the next 12 months is to upscale what he has instead of doing new stuff.Parting words “Even Elon Musk was homeless. Just remember that.”Edward Zia [spp-transcript] Connect with Edward ZiaLinkedInTwitterFacebookBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Izabela Lundberg is a people champion who transforms organizations, their teams, and their talents and turns them into high performers.STORY: In 2019, Izabela invested her money and time into film production. She was sure this would be the project that would allow her to retire early. Unfortunately, the pandemic hit in 2020 and shut down everything. Izabela’s investment went down the drain.LEARNING: Difficult moments are temporary. You can survive any trauma. “You’re going to be okay. You’re much stronger and more capable than you give yourself credit.”Izabela Lundberg Guest profileIzabela Lundberg is a people champion who transforms organizations, their teams, and their talents and turns them into high performers.Izabela established Legacy Leaders Institute, a premier platform developed for Executive and Organizational Advisory, Consulting, and Training through a ‘High-Performance Impact Method’ framework comprised of extensive research, data, and analytics of human dynamics and behaviors in business and sports.She has a dynamic worldview after living in six countries, speaking six languages, and traveling to over 50 countries while working with diverse teams from over 120 countries. Izabela is a recognized catalyst of sustainable solutions for global leaders and their most pressing challenges.Listen to her Legacy Leaders Show, a top-rated global business and entrepreneurship podcast offering real and raw business, sport, and life lessons with practical advice for current and upcoming leaders.Worst investment everIn 2019, Izabela converted full-time attention to becoming an executive producer and producer. She invested in film and film production and started working on a film. According to her projections, this was going to be a moneymaker project.Come 2020, the pandemic shut off the entire world. Izabela’s project came to a halt. All the finance, profit margin, and risk projections went down the drain in a split second. What was supposed to be the opportunity to enable her to retire early became her worst investment ever.Lessons learnedWhen going through moments of devastation, it’s essential to take those moments one day at a time and stay calm and grounded so that you don’t make haste decisions or overreact.Even when things look so bleak, and you feel like you have no point of return, know that it will all change with time. Your situation will start getting smaller and smaller, and eventually, you’ll put it behind you.Andrew’s takeawaysYou can survive any trauma. Just tap into your inner strength to pull yourself back.Timing is crucial in business.Actionable adviceFace what happened with honesty, examine it from different angles, and learn from it. Ask yourself what you can do differently. Did you do the best you could with what you knew or made a hasty decision?No.1 goal for the next 12 monthsIzabela’s goal for the next 12 months is to continue serving and give her talents and skills back into her documentary and film production journey.Parting words “Consider every failure or loss as a stepping stone to your success. Failure and loss will help you build the tremendous human being you’re meant to be.”Izabela Lundberg [spp-transcript] Connect with Izabela LundbergLinkedInFacebookInstagramYouTubeWebsitePodcastAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Martyn Terpilowski has spent over 20 years in Asia, where he lived for the majority in Tokyo and Hong Kong and was working in finance.STORY: Martyn wanted to buy a property in London, but since he was living in Singapore, he decided to get a loan from a Singaporean bank. The mistake he made was taking the loan in Swiss francs. He ended up losing over 1.5 million pounds to the bank.LEARNING: Don’t be greedy when investing. Always do your due diligence. “Don’t mix property investments with currency investments.”Martyn Terpilowski Guest profileMartyn Terpilowski has spent over 20 years in Asia, where he lived for the majority in Tokyo and Hong Kong and was working in finance. In 2018 he moved to Indonesia and was the Angel Investor and Founder of technology company Bhumi Varta Technology (BVT). The company now has over 150 staff and is growing rapidly. They provide location analytics and big data platform to help large international and local companies make better data-driven decisions. BVT will be one of the leading deep tech companies in Southeast Asia in the next 3 years, with plans to launch a successful IPO.Worst investment everMartyn made the mistake of taking a mixed currency loan on a property he wanted to invest in. The property was in London, and at the time, he was living in Singapore. Martyn took a 3 million pounds loan through a bank in Singapore.To save himself some interest and earn some extra, he decided to borrow the money in Swiss francs. At the time, this seemed like a safe bet. Then, along came the financial crisis in 2008 and the Swiss franc strengthened against the Sterling by 50%. Martyn lost about 1.5 million pounds to the bank.Lessons learnedDon’t be greedy when investing.Always do your due diligence.Andrew’s takeawaysUnderstand where you’re investing, where you’re speculating, and where you’re hedging your position.Consider investing in a natural hedge where your assets match your liabilities in that currency.Actionable adviceDon’t mix low-risk property investments with high-risk currency investments.No.1 goal for the next 12 monthsMark’s goal for the next 12 months is to continue growing his company’s revenue.Parting words “Just be careful. If it sounds too good to be true, it probably is and certainly needs proper evaluation.”Martyn Terpilowski  [spp-transcript] Connect with Mark McNallyLinkedInInstagramYouTubeWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Mark McNally is a serial entrepreneur with broad experience scaling companies from startups to multinational establishments. A passionate product and marketing strategist, Mark is one of the original innovators in the e-commerce space, rapidly expanding online buying internationally since the ’90s.STORY: Mark lost almost his entire net worth when a startup he had invested in his mid-twenties experienced a 94% stock price drop.LEARNING: Don’t confuse a person’s financial scorecard for who they are as a human being. Trust only happens over time as you see people’s reactions to serious adverse events. “Upside return is only realized investment if you take money off the table.”Mark McNally Guest profileMark McNally is a serial entrepreneur with broad experience scaling companies from startups to multinational establishments. A passionate product and marketing strategist, Mark is one of the original innovators in the e-commerce space, rapidly expanding online buying internationally since the ’90s.Mark’s journey has crossed 14 startups that have raised over $300 million and have seen over $5 billion in exits. These startups pioneered their days from machine learning and e-commerce to healthcare and consumer products.He continues in that spirit as the Founder and Chief Nobody at Nobody Studios, founded in 2020.Worst investment everMark got involved in his first startup when he came out of the military. A couple of guys had this idea that they could connect buyers and suppliers on this new thing called the internet. This was back in 1996. Mark was in the upper five executives of the company when it went public on the NASDAQ in 1999.The startup got to almost a $5 billion market cap, and Mark was living his dreams. A couple of years later, the market corrected itself, and the company’s stock fell 94%. Mark lost almost his entire net worth, which was at eight figures.Lessons learnedBe very careful of dealing with manipulative type personalities.Don’t confuse a person’s financial scorecard for who they are as a human being.The sky is the limit if you get the why and the execution right.Andrew’s takeawaysTrust only happens over time as you see people’s reactions to serious adverse events.Don’t think that the people behind the scenes are wise guys thinking things through. They’re going on a roller coaster ride and often believe that they’re doing the right thing by bringing you along.Actionable adviceWhen running a business, put rules in place to take the emotions out of it as much as possible.No.1 goal for the next 12 monthsMark’s goal for the next 12 months is to continue building his core team and getting funding to launch 15 companies. [spp-transcript] Connect with Mark McNallyLinkedInFacebookTwitterYouTubeWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: International Radio and TV host, bestselling co-author, author, speaker, and visionary Toni Lontis quietly entered the entrepreneurial world in 2019, post-publication of her memoir, Resilience, about her healing and self-discovery journey from dysfunction and trauma to helping heal others through her words.STORY: Toni was born with a preauricular sinus, and she let this condition hold her back for years. She regrets waiting until she was in her 50s to start investing in herself.LEARNING: Start investing in yourself now. Overcome fear through little consistent actions. “Embrace who you are because you are uniquely you with your own sets of dreams, values, and inspirations.”Toni Lontis Guest profileInternational Radio and TV host, bestselling co-author, author, speaker, and visionary Toni Lontis quietly entered the entrepreneurial world in 2019, post-publication of her memoir, Resilience, about her healing and self-discovery journey from dysfunction and trauma to helping heal others through her words.A “chance” conversation led to a meeting with an American Media company, and Radio Toni was born. Toni now has multiple live streaming TV shows and a series of co-hosted business shows on different platforms based in the US and broadcasting to the world.2022 sees her launching Everyday Women’s Network (Netflix for women), a global TV network led by women, for women everywhere.Worst investment everToni was born with a preauricular sinus, a congenital facial defect, and after the three surgeries, she was left with left-sided facial palsy. So in her younger life, she couldn’t smile, eat properly, or close her mouth correctly.Toni carried the shame of this defect until much later in life. She never invested in herself, her growth, or her healing until midlife. For Toni, her worst investment was waiting until her 50s to discover who she was and what she had to offer the world.Lessons learnedLearn to support yourself in terms of your emotional needs and believe in yourself.You can do and create anything that you set your mind to.Learn that you are a unique creative being, and you’ll do amazing, phenomenal, and immense things across your life.Fear is only a thought and a feeling. It’s not an actual thing and only takes root if we allow it to.Andrew’s takeawaysOvercome fear through little consistent actions.Start now, start today.Don’t compare your insides to other people’s outsides.Actionable adviceBelieve in yourself even when no one else believes in you or feels like you don’t have support. You’re a unique and valuable human being who has been given extraordinary dreams, values, and thoughts. So start believing in yourself and keep going one step at a time, even when in the depths of the worst, darkest, most horrible period of your life.No.1 goal for the next 12 monthsToni’s goal for the next 12 months is to launch Everyday Women’s Network, which will be a network for women and the men that support them. Underneath the network will be fantastic channels filled with information that will inspire and empower, educate and help its audiences. She also hopes to have 25,000 subscribers on the network by the end of 2022. [spp-transcript] Connect with Toni LontisLinkedInFacebookTwitterInstagramPodcastYouTubeBlogBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever PodcastFurther reading mentionedEckhart Tolle (September 2001) Practicing the Power of Now: Essential Teachings, Meditations, and Exercises From The Power of Now

BIO: Barry O’Reilly is an entrepreneur, business advisor, and author who has pioneered the intersection of business model innovation, product development, organizational design, and culture transformation.STORY: One of Barry’s oldest friends sent him a video about investing in Ethereum. He watched the video but didn’t understand it, so he didn’t invest. The investment turned out to be a success, and Barry missed out on the opportunity.LEARNING: Trust your curiosity, especially in venture building. Don’t focus too much on that missed opportunity. Learn from it. “Keep improving your system. Identify the things that went the way you hoped and mitigate the ones that didn’t.” Guest profileBarry O’Reilly is an entrepreneur, business advisor, and author who has pioneered the intersection of business model innovation, product development, organizational design, and culture transformation.Barry is the co-founder of Nobody Studios, a crowd-infused, high-velocity venture studio with the mission to create 100 compelling companies over the next 5 years.Barry is the author of two international bestsellers, Lean Enterprise and Unlearn.Worst investment everIn 2015, one of Barry’s oldest best friends sent him a video he was convinced he had to watch and was going to change his life. The video was of a young guy talking about an idea called Ethereum. This unique technology was going to transform the way people interact and transact.Barry watched the video seven times, and he didn’t get it every single time. So he didn’t invest. His friend invested and made millions from the investment.Lessons learnedTrust your curiosity, especially in venture building.Take small steps to get started and learn your way through new ideas.Be very conscious about how you invest your energy, capacity, and focus.Andrew’s takeawaysDon’t focus too much on that missed opportunity. Learn from it.Start small and build up your investment portfolio as you gain more experience.When you’re investing in startups, invest in many, knowing that some of them will fail, some will succeed, but you’re going to learn from all of them.Actionable adviceKeep improving your system. Identify the things that went the way you hoped and mitigate those that didn’t.No.1 goal for the next 12 monthsBarry’s goal for the next 12 months is to be the first venture to ever offer equity crowdfunding.Parting words “Just keep up the great work Andrew.”Barry O’Reilly [spp-transcript] Connect with Barry O’ReillyLinkedInFacebookTwitterYouTubeBooksPodcastBlogWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Dr. Panu Boonsombat is a personal branding professional and the owner of Dr. Oppa Facebook page, Instagram page, and TikTok account with almost 300,000 followers, 52 million views (without dancing or wearing a bikini), and over 3 million likes.STORY: Panu built an airport hotel with rental space despite elderly locals warning him that this location was not ideal for business. He is still struggling to make the retail space work over 10 years later.LEARNING: Listen to the wisdom of your elders. “That one little thing you don’t think it’s going to be a big deal could be the reason why things don’t go according to plan.”Panu Boonsombat Guest profileDr. Panu Boonsombat is a personal branding professional and the owner of Dr. Oppa Facebook page, Instagram page, and TikTok account with almost 300,000 followers, 52 million views (without dancing or wearing a bikini), and over 3 million likes.Worst investment everPanu purchased a piece of land in 2010 near the Suvarnabhumi airport in Bangkok, Thailand, and built a hotel with retail space for restaurants, cafes, and other social amenities for tourists using the airport.The people who were native to that particular area warned Panu that the zone was not lucrative for the kind of business he was trying to do. They told him they’d been here for about three generations already, and no hotel owner had succeeded there. Panu ignored their advice since they were not property experts.Once the premises opened shop, Panu noticed immediately that the foot traffic seemed to be a bit off. The hotel did okay, but the retail space couldn’t survive. He’s still having problems filling up the retail space.Lessons learnedListen to the elders; they have a lot of wisdom from their experiences.Don’t be overconfident in your investments.Andrew’s takeawaysStatistics is just one way of getting the information we need to decide; it’s not the only way.Actionable adviceSeek advice from neutral people who will direct you using facts and not emotions.No.1 goal for the next 12 monthsPanu’s goal for the next 12 months is to try to get to his hotel to full capacity. Connect with Panu BoonsombatLinkedInFacebookTikTokInstagramAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Ashutosh Garg founded Guardian Pharmacy in India in 2003 and grew it to the second-largest pharmacy chain in India with over 200 stores. Now, he is a certified Business and Executive Coach and mentors several CEOs worldwide.STORY: Ashutosh invested in three investments at the height of the Dotcom boom. He didn’t do any research before investing and was just carried away by the hype at the time. All three investments went bust in 18 months.LEARNING: Don’t invest just because you have money. Reduce risks by understanding and learning from your mistakes. “Don’t be impulsive and make investments simply because you have money available to invest.”Ashutosh Garg Guest profileAshutosh Garg founded Guardian Pharmacy in India in 2003 and grew it to the second-largest pharmacy chain in India with over 200 stores. Now, he is a certified Business and Executive Coach and mentors several CEOs around the world on business matters, governance, strategic planning, succession planning, personal accountability, people and culture issues. He has also written 8 highly acclaimed bestsellers.Ashutosh in his new role as a storyteller hosts a very successful video and podcast titled “The Brand Called You”, bringing stories of successful entrepreneurs, professionals, and senior corporate leaders to thousands of listeners. He has interviewed over 1,000 people from around the World.Worst investment everIn 2000 when the Dotcom boom happened, Ashutosh was in senior management earning a pretty decent salary. It was also a time when get-rich-quick schemes were popular, and people were investing all over the world. Ashutosh would get messages from friends in Silicon Valley and New York about their investments, turning them into millionaires in just one month.At this point, Ashutosh’s greed was running way ahead of his logic. He decided to put money into three different investments; a retail company in the US, a software company in India, and a portal being developed in another part of the world. One of the investments made it to the Forbes list of best investments ever. Ashutosh was feeling very good about the investments. Over about 18 months, all three investments went under.Lessons learnedDon’t be impulsive and make investments simply because you have money available to invest.Be a little more discerning about where you want to invest.Don’t trust anybody blindly, especially with your investments.When you invest, make sure you’re involved somehow in that investment. At least make sure that you get weekly, fortnightly, monthly reports to keep you abreast of what is going on in that investment.When you make a mistake, don’t beat yourself up so much. Mistakes are normal. Learn from those mistakes and carry on.Andrew’s takeawaysThe best way to reduce risk is to understand and learn from your past mistakes.Common mistakes people make when investing:Failing to do their researchFailing to assess and manage risk properlyBeing driven by emotion or flawed thinkingMisplaced trustFailing to monitor their investmentInvesting in a startup companyActionable adviceOne, make sure you research your investment instrument. Two, talk to the startup founder and understand whether they have understood what the customer wants. Three, keep a close eye on the performance and funding of that organization.No.1 goal for the next 12 monthsAshutosh’s goal for the next 12 months is to finish writing his new book Management Lessons from Hindu Scriptures and give it in for public publication.Parting words “Be careful of your investments.”Ashutosh Garg [spp-transcript] Connect with Ashutosh GargLinkedInTwitterInstagramFacebookWebsitePodcastAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Nattaphol Vimolchalao is the Chief Executive Officer of Siam Rajathanee Public Company Limited, an outsourcing service.STORY: Nattaphol thought that hiring an executive from a world-class medical device company to run his startup was the way to make it succeed. However, though experienced, the executive had zero experience running a startup. The company went under within no time.LEARNING: You need more than experience to run a startup. Just because someone has experience managing a multinational company doesn’t mean they’ll be good at running a startup. “You may be successful in managing one type of business, but that doesn’t mean that you will be successful at managing another.”Nattaphol Vimolchalao Guest profileNattaphol Vimolchalao is the Chief Executive Officer of Siam Rajathanee Public Company Limited, an outsourcing service. The company started as an agricultural business and later expanded to outsourcing services. Now, it is the leading outsourcing service company in Thailand.Nattaphol has a Bachelor’s degree in Physics from the University of Manchester. He finished his Master’s degree in Technology Policy Micro and Nanotechnology Enterprise from the University of Cambridge.Worst investment everAfter university, Nattaphol started a medical device trading firm and invested 10 million baht. He didn’t have experience running a business, but he thought he would be able to make it because he went to one of the best schools in the world.Nattaphol did everything from marketing, sales, and even hiring the first employee who happened to be an executive from a world-class medical device company. The employee had never worked in a small startup, and the way she went about running Nattaphol’s business was wrong. She spent a lot of resources hiring unnecessary employees, not understanding that the startup didn’t have a substantial human resource budget as a big company would.Cash flow was a problem from the beginning, and because Nattaphol didn’t keep track of the finances, the business was out of money within no time.Lessons learnedManaging a startup, a midsized company, a listed company, or a multinational company is different. You may be successful in managing one type of business, but that doesn’t mean that you’ll succeed at managing another.Andrew’s takeawaysWhen setting up a business, be careful about partnering with people who have experience running a big company because they may not be suitable for running a startup.It would help if you had more than brains and expertise to succeed in business. It’s a combination of how you work with people, the products you choose, how you build out a sales team, etc.No.1 goal for the next 12 monthsNattaphol’s goal for the next 12 months is to scale his company’s technology divisions to have a sizable income.Parting words “Don’t give up. To be honest, like, my worst failure is the thing that drives me forward now.”Nattaphol Vimolchalao [spp-transcript] Connect with Nattaphol VimolchalaoLinkedInWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Geoffrey Moore is an author, speaker, and advisor who splits his consulting time between start-up companies in the Wildcat Venture Partners portfolio and established high-tech enterprises.STORY: Geoffrey was a venture partner in an investment firm that decided to delve into computer storage. The company, against Geoffrey's advice, decided to expand the project but didn't have enough capacity to get the product to market.LEARNING: Think about a venture portfolio as an exercise in 10-year liquidity. Some things are better suited to incremental change. “Think realistically about time to liquidity instead of just thinking about dominating the market.”Geoffrey Moore Guest profileGeoffrey Moore is an author, speaker, and advisor who splits his consulting time between start-up companies in the Wildcat Venture Partners portfolio and established high-tech enterprises.Moore’s life’s work has focused on the market dynamics surrounding disruptive innovations. His first book, Crossing the Chasm, focuses on the challenges start-up companies face transitioning from early adoption to mainstream customers.Worst investment everIn 1998, an investment firm asked Geoffrey to join as a venture partner. To which he agrees. The venture then brought in an excellent professor from a prestigious technical university who had an idea about computer storage. Geoffrey and everyone else thought this was a brilliant idea. It turns out implementing the concept was a lot harder than anybody thought. There were just too many variables making it hard to turn the concept into an actual realizable product.But the team believed in the idea, and they pushed on and had early market success. Investors wanted to go big, but Geoffrey thought they should take it slow. They ignored his advice and even changed management and brought in a leading personal computer firm guy.Huge market risks marred the project expansion from the start. The company spent a lot of money on marketing and sales forces. The sales cycles would take forever. Eventually, the company gave up trying to market the product. They asked Geoffrey to help, but the product didn’t have enough differentiation to get it to the finish line.Lessons learnedThink about a venture portfolio as an exercise in 10-year liquidity.You can’t transition from a complex systems business model to a volume operations business model in either direction. These two models are radically different; you must never try to combine them.Get a team that is fit for the transition.If you’re going to be disruptive, you’re going to be on a timer, so make sure you establish your business before the present catches up to you.Andrew’s takeawaysSome things are better suited to incremental change.Ensure you have enough runway and resources for the venture to take off before the competitors do or before a solution comes out.Actionable adviceThink realistically about time to liquidity instead of just thinking about dominating the market.No.1 goal for the next 12 monthsGeoffrey’s goal for the next 12 months is to promote his new book, The Infinite Staircase.Parting words “Risk-adjusted returns is the key idea, not just returns.”Geoffrey Moore [spp-transcript] Connect with Geoffrey MooreLinkedInTwitterYouTubeWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast