Probably started after NS with the whole MLM fiasco, but there's been a constant refrain of "i'm bad at/not cut out for business" going round in my head. losing the equivalent of about 1.5 months' pay left an impact, i guess. granted that it was NSF pay, so not that much in absolute terms, but it was a lot to me at that time. so i hope you can see why i was a little hesitant when my cousin told me about search funds and what they do. to reinforce my own knowledge, i'm going to rephrase it in my own words: search funds raise money to take over healthy businesses for cheap. what "healthy" means is businesses with positive cash flow, low debt, good profits, etc. the goal isn't to turn the business around, but rather to keep up current operations as a bare minimum, or ideally to grow, optimize, and improve on it more. the final goal is to sell the business at a (huge) profit. and the question i had initially was, "why would anyone want to sell a healthy business for lower than its actual value?" there are a bunch of reasons, such as the owners wanting to move on/retire, the next generation not expressing interest in the business, or maybe the owner ran into financial difficulties and is trying to raise funds. i'll admit, i'm not the most well-read on the topic yet. some finer details still elude me, like where/how to raise the funds to buy such a business, and what to look out for when business-shopping, among others.
strange, isn't it? doing this will most likely mean moving away from science eventually, but compared to my mentor figure's rural japan tours idea, i find this to be more palatable. i wonder why. maybe it's more gradual? while this can be a full-time thing, that would necessitate having enough savings put away to sustain you until you found a business and successfully took it over. that may take months, years, or never. that's why some people do it part-time, so they can have a steady source of income while searching. it's definitely something that i'll need to get more opinions and information on. oddly, i think i can see myself doing this. i'm attributing it to the dunning-kruger effect, which is the phenomenon where people with limited knowledge in a particular area overestimate their ability in that area. i think it's a positive sign though, that i'm becoming more open to trying business out. or it might be desperation, because no job offers have come through yet.
i attended a free zoom webinar this morning at 6 am (the speaker was an hour ahead, but it was still too early!). it was sold as a "masterclass" on communication skills, and the dunning-kruger effect was a topic that was covered. i realize that i'm stuck at the "knowledge acquisition" stage of most things, and that's the reason why my confidence is low although my knowledge is high. the most useful takeaways i got were (1) confidence is built by applying acquired knowledge, then reflecting and improving on it; (2) 2 easy frameworks for conversation are - point, action, result, ask (PARA) and 3 steps, 2 types, 1 thing (321). unfortunately, although it claimed to be a 2 hour masterclass, it was more like 1 hour of useful content followed by 1 hour of selling the speaker's training packages. i guess i shouldn't be surprised - "free" things are very often not truly free. at least there was some useful content, so it was kind of worth the tradeoff in time. also don't tell anyone, but i left it running in the background as soon as the selling started. the thing that i find kind of amazing is the speaker's belief that reality is negotiable and dependent on one's communication skills. i get what he's trying to say, but i think that it's a bit of an oversell. i guess i should work on my communication skills more, if i'm trying to get people to sell their businesses to me and getting people to fund my business purchase. it's true, i don't really speak up and offer my opinions. i wonder why? not wanting to monopolize the conversation, maybe.
my cousin and i also talked about various things, both ongoing and past. one of them was family. not going to do the dirty laundry thing here, but our lives could have been so different if certain past events played out differently. yes, i know it's no use crying over spilt milk. still, one can't help but wonder. i also realized (again) that one reason we're so close is because we have the exact same relatives. i've probably mentioned before: even though we say that we're cousins for simplicity, we're technically half-brothers because we're related on both sides. this means that we share all the same cousins, so we know exactly who we're talking about in the extended family. the only exception is that now he's married, i only know a bit about his wife's side. he also told me that while he wasn't fully convinced about plan UK, he hoped that it would work out. and if it didn't, it'd be a learning experience. i think that's the kind of realistic support i need. i love scary JC friend, but sometimes she can be too fixated on the positives. conversely, my mentor figure's feedback focused too much on the negatives, criticizing the UK until "bo jit teh ho" (translation from dialect: not one piece of good left). talking to him reminded me that i should have an exit plan ready. you know, hope for the best but plan for the worst.
aside from that, i also had lighter conversation with him and his family over dinner at their place. the two girls are interesting to talk to, and at 6 and 4 years old, their english levels are better than my secondary school kids' in japan. no joke! of course, their japanese is nonexistent, so it's just one side of the coin. i enjoyed talking and playing with them, but don't feel particularly paternal towards them, which i suppose is just as well. the older one was really good at spatial reasoning; we played a game (the full name escapes me now but it starts with a K) where you had to fit different tetris-style blocks into a given rectangular space, faster person wins. she beat me like, 4 to 2 or something. there were a few occasions when one of the kids came close to throwing a tantrum, which was averted in the end. it gave me some perspective, you know, about how some things can mean the world to a kid, but is inconsequential to an adult. pretty sure that can be applied to my generation and the generation above as well.
did you notice that i updated the template a little? it now says 21 days to my UK flight. i think i set it for my actual flight time? or it might be when i have to be at the airport, i honestly can't remember. but yes. time is ticking down. i think i may have put off the purchase of tailored work pants for too long, and if i were to commission some now, they wouldn't be done before my flight. well...the alternative is shopping off the shelf, but the fit wouldn't be as good. also i'm kind of reluctant to see how my weight has changed since coming back. i'm expecting a gain, but as long as it's under 3 or 4kg, i think it's ok. gaining 1kg a week would actually be pretty scary, so here's hoping. i also want to settle a few more transactions before flying off - namely laptop stuff, and it would be great if someone came along and swooped up all of my carousell listings. more hoping!
-random thought of the day: Ignorance is ok, but stupidity isn't.-