Few weeks ago, I attended an event called "Women in Sustainability" hosted by @FrenchTech Event at the Palo IT coworking space,
Lovely event, great organizer.
But one of the speakers' "passion talk" which I raised my question during the event still lingering in my brain, whenever I see articles like this .
I raised my hand ask this particular speaker.
Xiao: " Hi dear speaker, I have a question here, You mentioned the word "passion" so many times, I wish to hear from your opinion that, passion is more important or exit strategy is more important. I mean feeding me day by day a proper actual market needs is more important, or what I am passionate about is more important."
Speaker" Good question, to be honest, I do not even have a exit strategy for my own company, and I think you should be absolutely passionate about what you are doing, and I wish to do this for rest of my life!"
Xiao: " What is you have covid another day, or something happened in personal life, that would make you not able to continue your passion?"
Speaker" Hmm, ................"
I am in the industry of "Passion"
Many investors free dive into fitness investment without any proper forecast of the financials and market research.
Again I did enjoy very much the event, met interesting people, other speakers are great, and PRACTICAL.
But one little reminder for @Frenchtech event team, Please do not let speakers like this to spread around the "passion" free fall without any back up exit strategy plan and others.
Because I am a 40 years woman who has being in the business world for a while,
Imagine someone who is 21 years old, just entered the corporate world,
Hear some sort of "expert" Frenchtech event team hired and vetted, talk at these event,
Back home and think,hmmmm maybe I should borrow some personal loan to start my business ASAP. since I am super passionate about baking, dancing, fitness, etc etc whatever.
Yes everybody should definitely have their own judgement on this, but please someone who is 20 or 40 or 50 years old with lots of little life experience do affect their judgement about finance a lot.
I would still attend the event in the future,
But not looking forward to hear 20 times of passion in a roll .(without any exit strategy planned)
Data: SINGAPORE - Over the last two years, an average of around 3,840 firms were deregistered each month - figures similar to the pre-Covid-19 period of 2017 to 2019, said Minister of State for Trade and Industry Low Yen Ling.
But an average of more than 5,000 new firms were registered each month over the last two years, reflecting an increase in the total number of businesses operating in Singapore, she said on Wednesday (Nov 3).
In the retail sector, 8,600 businesses ceased operations from January 2020 to September this year, Minister of State for Trade and Industry Alvin Tan said.
Managing Partner & Co-Founder at Branded Hospitality Group
1moFunny Like a Clown? (hospitalityheadline.com)