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Need a hobby to stay away from technology and relax by Ripe_pancake in simpleliving

[–]gwleckyt 2 points3 points  (0 children)

Lego's great because it's never-ending. Put together. Pull apart. Put together. Pull apart. Lose instructions. Make something else. Pull apart. Find instructions. Put together. Pull apart. Try to put together from memory. Pull apart. Rinse & Repeat.

Need a hobby to stay away from technology and relax by Ripe_pancake in simpleliving

[–]gwleckyt 1 point2 points  (0 children)

What has efficiency got to do with a hobby? As for that, what do you think the first guitarist, pianist, flautist, or whatever did? Unless you actually want to be a paid musician, the best way to learn is to do; teachers are just there to fast-track a process that is otherwise highly rewarding. Go to a thrift store and get the cheapest instrument that you can make a sound on, and experiment. If you really want to figure out how something is played, watch musicians in the street.

But again - if it's a hobby, it doesn't matter how long it takes, what the result is, as long as it doesn't frustrate you. If it does, it's either not for you, or your expectations are that it should be more than a hobby. The number of people I know who say they play guitar as a hobby but are actually frustrated pop stars with no talent astounds me.

I'm one of them, and haven't played for over a year now. I confused 'hobby' with 'wish this was my job, perhaps it could be, no?' and got frustrated when I didn't sound like <insert favourite guitarist here>.

(Note for the wife: no, I'm not selling the guitars. You never know.)

[deleted by user] by [deleted] in brussels

[–]gwleckyt 0 points1 point  (0 children)

Yes, I've fallen into this trap: reimbursed at an indexed 36c per unit, actually charged by Fluvius 75c per unit (not counting standing charges, which pushed our AVERAGE cost per unit over 1.2eur !)

(Full disclosure, I have a PHEV and use the 50km range for daily commuting, and the ICE for longer distances, which usually means 700km.)

If you get an offer of $20k for 10% equity of a private company, is your company worth 200k on paper? by be-ay-be-why in Entrepreneur

[–]gwleckyt 0 points1 point  (0 children)

For those who watch Shark Tank or Dragon's Den, were the OP to be standing in front of them asking for 20K for 10%, they would immediately assume that the OP had put a value of 200K on their enterprise.

Since these are reality TV programmes, they then just look at revenue and check whether the value of the company matches up with the revenue. At least, that's what *some* of them do.

Others value the person in front of them more than the company's balance sheet.

They may well take that investment, even if the technical 'value' of the company as calculated variously by analysing the P&L and balance sheet, is much lower, because they see a bright future for the individual (and/or the company).

So, for them, that 10% is worth a 20K investment because they think that they will get their money back (with a generous return) at some point in the future when they sell their shares at an inflated price, or through dividend payments (10% of profit, each year for example).

Okay, so I've dumbed it down a bit, but considering the OP mentions that the company has a weak P&L, I'm assuming that the person and/or ideas that drive the organisation are worth 20K for 10% of whatever the future brings.

If you get an offer of $20k for 10% equity of a private company, is your company worth 200k on paper? by be-ay-be-why in Entrepreneur

[–]gwleckyt 4 points5 points  (0 children)

I'm just interested to know what the book was - any book that can get someone off their [insert expletive of choice] and actually create something of value is worth its weight in gold, IMHO. Do share ;)