WOLVES (FOUNDERS)
Today I had a friendly chat with an investment guru who talked about wolves…and house dog.
A house dog, no matter how many conditions it has, without AQ (Intelligence Index), can’t be a wolf… a true wolf.
The problem is that even a real wolf is still… just very… wild; because there is no one to help these wolves.
So he told me that someone has to help those wolves… instinctive and wild to transform into a real wolf.
But the market has a lot of pains too, if these wolves are under pressure and pain in terms of finance and companionship, they can cause great consequences for society, employees and those around them.
So hearing him say that I’m glad I found someone who understands what I’m doing.
Some short ideas I really like and make quick notes for founders are as follows in the taste of choosing wolves from professional investment gurus (They are really rich Founders and become professional investors).
Me: What if we do it wrong?
Do it wrong on purpose or do it wrong for objective reasons? It is important to aim for transparency, fairness, clarity and everything to be understood and supported.
Me: Why do you expect anything from my team, are we limiting anything?
Always aim for the goal and choose a win-win partner, carefully and for each other’s development.
Me: Listen to my 3 principles of team selection, do you have anything else to share?
If you want to go outside and do great work, you must really do well on the inside (internal)
Enterprises that develop according to the cyclical scheme and stable growth rate but … richer and safer Businesses are shocked because in our experience, internal strength is not enough, but wearing a shirt that is too wide to keep the throne, it is easy to fall.
Me: What is the most important prerequisite in a business environment where there are many things that require ingenuity and delicacy, especially in the Vietnamese business environment?
Transparency is a prerequisite in business, cooperation and investment (but there is a roadmap). Transparency is the most important thing. If you can’t be transparent, then (a) you don’t trust each other or (b) you’re oblivious.
Me: What do you think about the unsecured loan market?
We are going in the right direction and creating a lot of value for society, just focus on doing good Holdings, making loans for a full person, a hungry person is not… interesting from your investment point of view.
When a founder – a wolf really becomes good, they bring the goodness of other members of society: their managers, employees, partners, and customers all benefit.
Me: What is your opinion about the presence of Founders in the media?
Must focus on profitable financial statements, not make noise in the media, or focus on fancy things (beautiful offices, high benefits…)
But he does not deny that timely communication is essential, including handling crisis management.
Me: What is your view on founders’ focus?
They only need to be good at 1-2 things. They are not in our time (doing a lot and doing a lot), they need to be really good at 1-2 things, have a good compensation structure and then hunt people back these keys are dedicated and enthusiastic, and the results will be very different.
Competition and engagement have never been a matter of money.
If you only pay high wages to bring in employees, then:
a) The company is not big enough because it has never paid high salaries
b) If only high salaries and good benefits are paid to bring people back but not other factors such as vision, mission or core culture; this company really… has a problem; which means that there is no other value other than material things … besides the body.
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There are business philosophies, judgmental styles and investment choices that are very similar to yours, so I am excited to write this, as a confirmation of my belief in what the Equitix Investing team is doing.
Come on, turn the temporary… wild wolves into real… leaders.
In fact, on this journey, I am also the one who learns a lot from them.