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Productivity

How I’m coping with COVID-19: “We see opportunity everywhere we look”

Somewhat ironic for an old bloke that was considering full retirement, but it seems I'm going to be busier than I have been for a very long time. I was going to spend the winter travelling parts of the outback, ha ha.

Seeing I’m stuck, and assuming the virus doesn’t get me, (68th birthday coming up) an old mate and I have decided we can’t resist having a dip (we see opportunity everywhere we look) and have entered a loose joint venture agreement that benefits both of us.

He has a business of 30 years standing, profitable with at least a 4 month forward order book, and in the box seat when the government starts chucking money at getting the economy moving again. The business is well managed but stuck in the stone age when it comes to digital innovation.

So, we’re going to use his business as a type of case study…renovate it from top to bottom as a model of low cost information systems with a focus on mobile tools connecting to everything in the back office (his work force is out in the field, currently using costly paper admin systems).

If we pull it off, he gets a more saleable business in a year or two. I get the systems/methodology to sell as I please.

Our rationale is that many micro businesses are crap at the digital world, but are going to be in deep shit without low cost systems moving forward… and that a lot of them are going to back away from paying for ad hoc apps that quickly add up to big $…that we don’t believe anyone will be able to afford.

As old hands, we believe the world will move on (as it always has) but cost will be a HUGE issue.

At the very least I won’t get bored this winter :)Somewhat ironic for an old bloke that was considering full retirement, but it seems I’m going to be busier than I have been for a very long time.

I was going to spend the winter travelling parts of the outback, ha ha.

Seeing I’m stuck, and assuming the virus doesn’t get me, (68th birthday coming up) an old mate and I have decided we can’t resist having a dip (we see opportunity everywhere we look) and have entered a loose joint venture agreement that benefits both of us.

He has a business of 30 years standing, profitable with at least a 4 month forward order book, and in the box seat when the government starts chucking money at getting the economy moving again. The business is well managed but stuck in the stone age when it comes to digital innovation.

So, we’re going to use his business as a type of case study…renovate it from top to bottom as a model of low cost information systems with a focus on mobile tools connecting to everything in the back office (his work force is out in the field, currently using costly paper admin systems).

If we pull it off, he gets a more saleable business in a year or two. I get the systems/methodology to sell as I please.

Our rationale is that many micro businesses are crap at the digital world, but are going to be in deep shit without low cost systems moving forward…and that a lot of them are going to back away from paying for ad hoc apps that quickly add up to big $…that we don’t believe anyone will be able to afford.

As old hands, we believe the world will move on (as it always has) but cost will be a HUGE issue.

At the very least I won’t get bored this winter .

This post was written on our Flying Solo forums by Greg M and is republished here with permission. 

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