Sunday, September 24, 2006

How To Be A Good Entrepreneur(Golfer)?

Three key ingredients are required. I learned that they are 1) be stoic 2) self-confidence 3) instinct.

The explanations make sense.

The trait of a successful entrepreneur is to be stoic and be unemotional in approaching one's business. The moment you realise that you have made a mistake,
you should cut your losses, so that you will not have any emotional baggage nor legacy that will consume you, and allows you to move on. I will learn not to fret when I triple-bogeyed the last hole, as there is the next hole to challenge me, and when I get on to the tee-box, all the bad vibes are forgotten! Eternal optimist!

The world is getting flatter, more connected and disruptive innovations are here to stay. Barriers are been broken down, and the livelihood of the middle-class in more matured economies is threatened like never before. In other words, we are all experiencing greater volatility and risks. So it is important to come to the second point - self-confidence. You need to trust your judgment and once you are convinced about the merits of the proposition, must have the gumption to go the whole hog. Nothing like a tentative putt, a golfer will tell you, to lose your skin. With uncluttered brainwidth, you can leverage on your instinct to make a kill.

As the market is driven both by rational and irrational behaviours, there is a certain degree of randomness to it, and sometimes we get it right, and often times wrong. The ability to sense trends by picking up weak signals is what makes for a good striker. So stay engaged, minimise your mistakes ( it is alright to make many mistakes provided they are small and you gain valuable lessons along the way ) but make sure you deliver when it counts.

Example:
Well, this afternoon I was three behind the green, and the ball was resting on a rough patch with the bunker to its right. To hit back to the green, I have to go down to the bunker, and the ball was five feet above me. The other team, one of them was two on, and with eight feet to the pin. There was no way for me to chip standing from the bunker and realistically holing it in. So, I came out of the bunker, and instead opted for a reverse chip. The only thing is: what do I use? Sand Wedge or a Putter. Since my putter has a reverse face, and some loft I took the one shot and the ball took off. It floated off the rough and landed on the green and careened down the slope breaking from left to right towards the hole. And aced it:-) We squared it. So that is the life lesson - the wherewithal and the gumption to achieve.
Am(are) I(you) with it?



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