Posts in Business

Learn About the Top 5 Digital Trends Affecting the FinTech Sector


This is a syndicated post originally written for the technical consultancy Cohaesus


Once upon a time, the fintech industry was a trend all by itself. It started with peer-to-peer payment companies like PayPal, and before long the fintech sector was a legitimate and market-moving industry. Today, the fintech industry has proliferated into many smaller trends, which include online lending, digital banking, algorithmic-based investing, and more.

However, there are 5 specific digital trends that are changing the fintech sector with more speed than any others. In fact, these 5 trends extend beyond industry borders and are redefining the way companies do business and the way consumers interact with brands as well as each other. Below are the top digital trends that are altering the fintech sector.

1. Decentralised Blockchain Technology

The use of blockchain technology is the most important trend that’s changing the fintech sector. This is because blockchain isn’t confined to a specific niche but is instead a form of decentralised technology that will soon power most of the fintech industry and beyond.CONTINUE READING

Startup Mindset: How Large Corporates Succeed With a Lean Mentality


This is a syndicated post originally written for Cohaesus, one of my clients.


The “startup mindset,” once a contrarian way to approach business, has become the norm among successful companies. What began as grit and determination among small companies is now something businesses of all size try to foster.

Thanks in large part to new and innovative companies like Facebook, Airbnb, WeWork, and more, the startup mindset is now entrenched in the modern business lexicon. Those who can adopt a startup mindset are more likely to reduce overhead, increase revenue, better the customer experience, and hire top talent. Those who don’t are commonly left in the dust.

And while the startup mindset is often thought of as an agile tech term, older and more established corporations are taking advantage of the lean mentality. To ensure you stay up to date with these trends, we’ve written an article that discusses the new ways companies are approaching their product and service propositions.CONTINUE READING

Time Allocation: The Delicate Art of Saying No vs. Saying Yes

Time allocation is the act of dividing your daily, weekly, and monthly hours between different sets of activities. Typically, a person has constraints around their time, such as work, the needs of family and friends, and vacation days. Effective time allocation works around these constraints in order to achieve a person’s ultimate goals and desires.

However, there’s an issue with time in that there are only 24 hours in a day. This forces people to allocate a limited number of hours between personal time, family and friends time, and work time. However, a person’s time allocation often skews more towards work than towards personal time and/or time spent with friends and family.

The result is that people spend a disproportionate amount of time trying to make money. They think that “effective time allocation” means putting more money in the bank. This isn’t true. In fact, greater current and future value can be yielded from other activities.→ CONTINUE READING

Rich vs Wealthy: The Key to Building Wealth The Right Way

Everyone says they want to be rich. However, what people really mean is that they want to be wealthy, they just don’t know it. You see, there’s a difference in being rich vs wealthy, and choosing one over the other matters.

The key to building wealth isn’t a desire to become rich. In fact, it’s quite the opposite. Because while “big ballers” talk about being filthy rich and blowing cash, smart people are quietly building sustainable wealth in the background. This is due to the fact that true wealth is created using three distinct strategies.

Rich vs Wealthy

To help you build wealth the right way, this article discusses the differences between “rich” and “wealthy,” as well as the three things you absolutely must do if you want to become wealthy. If you already understand why it’s important to be wealthy over rich, you can jump right down to the section on the keys to building wealth.→ CONTINUE READING

Startup Liquidity Risk: Use Customer Cash for Your Financing Needs

This is a syndicated post originally written for Xcelerate Financial, a fully outsourced CFO and accounting firm for startups and entrepreneurs:

Liquidity risk is always a concern among startup companies and business owners. A common problem facing small businesses today is a lack of financing. In fact, a recent survey conducted by the Federal Reserve found that as many as 44% of all small businesses have trouble finding adequate funding.

What’s more, for companies doing less than $1 million in annual revenue, the need for capital spikes to more than 65% of all small businesses. And sadly, only 45% of all small businesses with revenues below $1 million were able to get financing from traditional banks, lenders, and through other normal means.

What this shows us is that small businesses are in dire need of capital. But we already knew that, didn’t we?

For a young company looking to grow, this lack of capital financing has led to increases in “startup liquidity risk.” However, while it may seem nearly impossible to get a cash injection from debt or equity financing, it’s possible for companies of all sizes to plug funding gaps with customer cash.→ CONTINUE READING

Startup Equity: How to Give Away Equity and Still Come Out Ahead

This is a syndicated post originally written for Xcelerate Financial, a fully outsourced CFO and accounting firm for tech startups and one of my clients. Enjoy!


A startup company’s equity can often be its most powerful asset. With equity, business owners can incentivize employees, entice investors, hire co-founders, increase synergistic partnerships, and earn a payout in an exit event.

However, while startup equity is powerful, it typically causes early stage companies a lot of problems. This is because a lot of companies give out equity in the wrong way. Rather than finding the best ROI for their equity, founders too often give away equity to friends and family and use it to raise funds from minority investors.

But this squanders the power of startup equity. You only get one chance to divide your startup company. If you give too much – or too little – to such things as employee pools and investors, you might constrict your company to the point that it suffocates.→ CONTINUE READING

How to Find a Job You Love: A Step-by-Step Guide on Finding Your Passion

One of the most important questions in life is that of “how to find a job you love?” Unfortunately, many of us never even pose this inquiry, let alone answer it and actually find a job we enjoy. Instead, we graduate with a practical major and begin working in a practical career, all without ever wondering what we actually want to do with their lives.

This, of course, ends up hurting us more than we think. Each day, month, and year we spend working on a job we’re not in love with takes us further and further away from a career we might actually enjoy. Because while you’re racking up experience in an industry you hate, others are racking up experience in an industry you’d love.

And so after a few years, you tell yourself that you could never start or switch careers, because “you don’t have the experience.” Well, I’m here to tell you that you’re wrong.→ CONTINUE READING

The Only Three Steps You Need to Find Money and Happiness

I was asked to give a speech at the San Francisco State business fraternity last week. I’ve done it before, and since I happened to be in the Bay Area at the time, I was happy to oblige again.

However, I knew that my talk this time around had to be different. My last speaking engagement with the fraternity happened about two years ago when I’d just started my first company – which failed. Anyways, at the time I didn’t know it would fail, and I was pretty full of myself. Thought I was pretty hot shit.

I gave the students a bunch of fluff and bloviated about “dressing for the job you want” and other real gems like that. I’m sure they got some value out of it, but it wasn’t a valuable talk. I knew that this time had to be different.

What can I give these students that’ll help them post college?→ CONTINUE READING

Owning a Car Isn’t Always the Best Option

Alright, this week’s article is a little different. Normally, we dive into the deep unknown of the human psyche and how it relates to living a better life. Today, however, I want to challenge the status quo. I want to turn society up on its head.

I’m talking, of course, of the benefits and drawbacks of owning a car and not owning a car.

It may seem like it’s coming out of left field, but my interest in this comes from a desire to question “the traditional path.” Why does everyone own a car, especially now that there’s a multitude of available ride services and similar options? Why do people tell me that a car lease is a bad investment, yet most of the people I know lease their cars?

Questions like these ensure you’re living life the way you actually want. It’s important to question seemingly known truths to test their validity.→ CONTINUE READING

Is Your Startup Looking for VC Financing?

Syndicated post originally written for Xcelerate Financial, one of my clients


Make sure you consider the items below when deciding on opening a new round of financing. Your business will thank you.

1. UNDERSTAND A VC’S REQUIRED RETURN

It might be the fallacy of conviction, but founders are quick to believe that their business idea is amazing. And it very well might be. But, there’s a huge difference between an “amazing business idea” and an “investable business.”

VC firms are looking to return value to the fund’s limited partners (LPs). They also are mandated to deploy all of the fund’s cash over a four-year period, after which they go through another round of fundraising in order to raise capital and invest again. This means that VC firms are looking to invest their cash quickly, and for a high return.

All VC firms look for a multiple times return on the capital they invest.→ CONTINUE READING