Entrepreneur
- I am a serial entrepreneur a French word I believe, which has come to mean A Person Who Builds Businesses.
- My brain likes to look at problems and build solutions, which I then turn into a business.
Solve Problems
- I like to solve problems, and then make the solution a business use case.
- Cryptocurrency, blockchain, decentralized Finance, and cross blockchain trading are all complicated.
- I build businesses which solve problems with cryptocurrency.
Example
- DeFi: Because DeFi is complicated and involves cross blockchain movement of capitol, investment of capitol, monitoring that capitol and reverse movement of profits across blockchains.
- One of my businesses involved doing all those things for people who didn’t know how to do those things,, or didn’t want to do them.
- This Business ran well.
Preserve Customers Capitol
- While seemingly not the focus of most investments, as people prefer to focus on the investments returns otherwise called profits. The preservation of capitol, by learning how to use block explorers to keep tabs on the value of the invested capitol is very important. People have invested money with you, that few can afford to lose. So it’s not enough to return big profits, you must insure you can return all the capitol.
Transparency
- While having a good reputation is important, it’s important to back up that reputation with transparency. As a person investing other peoples money, you have a responsibility to be honest, but a bigger responsibility to be transparent, because the later shows the former to be true. All lotteries using random number generators should have pictures or screen shots of the number selection. And all ledgers where numerical order determines prizes should have pictures too. You should not just tell people you’re being honest and fair, you should show them by making processes transparent.
Pay yourself last
- In many ventures you will take a cut of the profits you earn for others. But occasionally the profits may be small, expenses larger than expected, or both. If you have to choose between paying your customers and paying yourself, always choose your customers. You are choosing to offer a service solving problems. If problems arise, reducing profits, then you don’t get paid. If you tell your customers you can get something done, do it. And when you fail, you don’t get paid.
Keep things simple, honest and never rationalize why you should get paid if you didn’t earn it.
These are my general principles which guide everything I do as a business owner, and service provider. I realize it may seem like a lot of work, and it can result in me working for free some months. But you must remember most of your customers don’t know you personally, so they only know who you are, by what you do.
