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They call it “cheating”. That bad it is. The school system, the system paid and sustained by your taxes. They train students to take tests on their own. If a child attempts to cooperate at test time… as I said… it is called ‘cheating.’ In the real world, business owners cooperate at test time. Engineers cooperate at test time. And so on… In life, except in the critical time for your brain, school time, every day is test time. Then, they penalize you to make mistakes. You do a mistake; you fail the test. You are blamed, even ridiculed. In real life, many entrepreneurs don’t really become businesspeople until after they lose their first business. Salespeople, the same. You must lose many sales, to become good at work. We continue to be trained and wired as in the industrial times when we needed meat for the factories. The damage to your brain can be permanent. Scaping almost impossible. I don’t know what you do, or how you want your children to be educated. But I want my child to learn by doing, and by making mistakes. I want him to be creator and innovator. I’ve been in corporate life for too long to know that staying busy in your busyness and not building anything is chain your future to a blackberry. You can also start building. On the side, without stupid risks. With the two feet on the ground. Building a career increasing your options. Building a business without risking your life. Building your wealth without breaking a bank. Common sense. Join my mentorship - Only $24.90 - LAUNCHING PRICE PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
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I love going to local markets. I tried one this weekend. All vendors shouting: “Try this.” “Taste that.” “Best cheese in town.” “Organic honey.” Everyone fighting for your attention. It’s nice. It feels human. You try things. You buy things. You feel good helping local producers. I love that. But price is sometimes an issue. It’s not cheap. And it can’t be cheap. These guys work at very small scale. Their margins need to be enormous just to make a living. I don’t blame them. And honestly,...
I’m an engineer. By accident. But an engineer nevertheless. I’ve seen landslides during construction, and after construction. Specifications not converting properly between inches and cm. Expansion joints popping up in summer like popcorn. Pavement failing in the first winter after opening. Subcontractors going broke. Or bought by the competition you stole the project from… But still… 80% of serious PPP failures are NOT technical… They are contractual. Risk allocation errors Toxic KPI regimes...
You know I’m no fan of the World Bank. But from time to time, curiosity opens some doors. This is what I found. More than 50% of PPPs are renegotiated… Let that sink in. 50%. And usually in favor of the private sector... 50–60% of PPP contracts in developed countriesand up to 70% in emerging marketsare renegotiated within the first 5–7 years. So the contract you sign is not the contract you live with. What does it mean? Simple… It means the real risk allocationis not the one approved by...