Posts

Showing posts from June, 2024

Getting my shit together

     I guess for every force in nature there is an equal and opposite reaction. Perhaps I am experiencing the opposite force of expansion, a sort of an implosion. I came and tried to expand with all my might. And I did, I got pretty damn far. I'm afraid it's not totally there yet, just a tiny bit shy of what would be a totally legit and self sustaining business. But I am damn close and god damn I am feeling so weak. Like a paper tiger. I am just moving forward with my force of will. Just never damn quit. I remember that written on my pencil. Never quit. And I lived by that for a long time. I find myself so unlike myself. This place is changing me for better or for worse, and I better get a grip on it. Otherwise I will be rolling the dice on who I become. I am truly in a malleable state right now. Starting on a clean slate. Perhaps it is the most important time in my life. I should pick and choose who I surround myself with carefully. Carefully craft my environment. Put a...

It's all about hiring the right people

     I believe that having the right people on the team can make a huge difference. Not only are they more productive in general, but also they will motivate each other by creating a work culture of hard work. An air of professionalism in the air, where everything works reliably and on time. However, I believe I need something else at the moment. I need another brain to brainstorm big ideas. To stay on course when times get difficult. Maroua is very good at executing my ideas, but she is not the best in coming up with big ideas or brainstorming together. She is a captain for sure, but she can't be a general. I need a general.

Critical point and cash reserve

     So I have opened the 3rd apartment here in Budapest, after selling my apartment in South Korea. Good bye safety net. My one and only laser focused obsession is getting to the critical point cashflow, where I am able to expand a new unit every month, after all spendings. It's inevitably going to happen. I was at that level in Korea, but I was just too unskilled at saving up my profits. I've been practicing for the last months, and I am confident I can make it happen here. At the same time, I need to maintain a healthy enough cashflow to not go minus balance. It's honestly easier said than done. I have for the first time learned about the importance of cash reserve, ironically while playing monopoly on PS5. No need to complicate things. Just continue expanding 1 unit every month, and I will get there. $100k/ month in profits. I will return a king to South Korea. I will return as the count of Seoul.

Universe give me strength

     It's been pretty rough. Coming to a new country where I don't know much about. Too much doubt has entered my mind. When everything is uncertain, fundamental truths such as math and physics become the only language I can rely on. Works for what I do. Numbers is the language of business after all. Despite all the difficulty, when I look back and see that I've made 6 mil krw in revenue is actually insane. It's actually insane. Going to a new country where I do not speak the language, and generating 6 million in revenue is quite the feat. I need to continue growing. Continue feeding the beast that will devour the short term rental industry as we know it. Until I create a household short term rental brand. Internationally recognized prestigious brand. It might take a long time but fuck it. I feel a calling towards it and I will make it happen. 30k eur / month is my next stop. I will be on par with Ayob at that point.

Nearly drowned

 After a long time of darkness and numb grinding, I'm finally feeling the warmth of the light at the end of a long long dark tunnel. To be fair, it's not even that long compared to what others may have experienced... years of grind with no signs of things working out. But I guess in my case, I had a lot of pressure riding on me as well so perhaps it's justified. Either way, my business went bankrupt 3 times like nothing, like a bug that would have been squashed unnoticed by a pedestrian. And it was a slow and silent death, like an assassination. What I need is more power and energy, like a strong pulsing energy. I was lucky to pull out capital, like a bunny out of a magicians hat... but I fear this might be my last saving hand. Big deposit from the house, investment from my dad, and finally selling the house. Now nothing is left. I must turn things around. No one is coming to save me. But I see a way. It is certainly doable. Turn the business from not only profiting to a ex...

The night is still dark???

 At what point will I feel like things are going well and I've made it through the long dark tunnel? I think with business, the financials are as elastic as business is dynamic. When you see things are up, it could be like a pulled elastic band, which bounces down just as quickly. So Things are not always as it seems. But it is good to become aware of it. I think I should ponder on the principles of cashflow more deeply. And it is great that I have found and followed Syed on Instagram. It's good to be aware of seasonality and how it affects things as well. It seems that you never stop learning in this area. But I've been playing monopoly and learning a lot about managing money through this game. It's quite fascinating to see the way people's psychology works with money, greed being the main driving factor but fear is also definitely another thing. Anyway one thing for sure is that I need to get my financials in order and we'll need a great revenue manager for th...