Clock work

    My stay in Korea has been delayed by another week or two. However, leaving Andras behind to pick up the slack was really a smart move on my part. He is making the first airbnb unit happen by himself.

As for 7-1 it is yet to be started, but I still have about a month and a half of grace period. It's looking like I will need to get my residence permit pretty soon as well.

I am feeling a bit under pressure regarding my capital balance. I am playing too close to chest, and although I believe I can pull this great stunt off, it will be close, and being broke in a foreign country where I don't speak the language is not a situation I want to find myself in.

Regardless of the difficulty of the situation, I have all the main puzzle pieces I need to complete the big picture. I have a manager, cleaning staff, bookkeeper, and acquisition specialist. The only thing I must be weary is to make sure I can hang in there while things progress. It could get pretty lonely living there alone.

Aside from the business systems, I will need to work on my personal systems so that I can sustain living there, and feed the business.

I learned the concept of Queen Be Role (QBR) from this book I am currently reading (clock work), and that was the topic I wanted to talk about, but I am seeing now that this can be applied to my personal life as well. The gist of the idea is that similar to Pareto principle, 20% of the work accounts for 80% of the results, so you need to work on what drives the business forward.

In the example of a bee hive, the queen bee laying eggs would be the QBR. In my business, it would be the acquisition of new airbnb units. The speed of which I can integrate new units into my systems will also be a point that will make or break, since it will be an exponential growth and I'm not exactly sure how that will play out. Solving this will be a great determining factor of success in my business.


Anyway, recently I've come to believe that reading is the easiest way to acquire wealth in a different way. It just feels abundant to acquire knowledge that is useful. So I will keep up with that in the coming days.




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