Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
And the best teacher is...
|
Sometimes in business you fail. Overconfidence. Bad calculations. Hiring the bad people. Weak systems… and a few times, simply bad luck. My failures and my teachers. My losses my investment. I’m lucky that I have a successful brother and remembers me all these things. He is also able to see the good news in every failure, even if it is a great loss. As Robert Kiyosaki said: Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You can’t have success without failure”. Every failure, at work, in your business, in your relationships, is keeping you closer to where you want to be. Just take the learning. And forget the rest. It’s that simple. And that hard. I can listen to you and your failures, and get the best of them. Click below and let’s start talking.
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. |
Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Look. A question for you. What is more dangerous… Sending a letter you know may be wrong? Or sending one that everyone is convinced is right? In my experience… Definitely the second. A bad letter creates questions. A polished letter creates confidence. It has been reviewed by management. Checked by the lawyers. Discussed with the technical team. Perhaps even approved by the Board. Everyone agrees. Send it. And that is precisely when I become nervous. Intelligent people do not normally make...
Rule 8 of PPPs: Never go around the SPV. That shortcut has lawyers at the other end. I know why agencies do it. The SPV needs to consult the contractor. Then the shareholders. Then the Board. Then the lenders. Then the lawyers. What should take five minutes takes three weeks. So, someone decides to be practical: “Let’s speak directly with the contractor.” Wrong. Look. The contractor builds the project. The SPV owns the promise. The SPV holds the Project Agreement. The SPV carries the...
Someone went on holiday. Nothing particularly unusual about that. Except that this person had to approve an invoice. And without that approval, the dark accountant at the agency did not even know he had to make an important payment. Without the payment, the SPV would not have enough cash to meet its obligations. Yes… pay your debt is really important in these cases. So, a billion dollar project was suddenly exposed to an insolvency risk because one person went on holiday. Fortunately, we had...