California Investment Network


Recent Blog


Pitching Help Desk


Testimonials

"I'm very impressed with the level of professionalism of this network. I registered my request over three months now, and the response has been overwhelming; beyond my expectations. Although I have not closed any deals as yet, I'm still very hopeful. Keep up the good work!"
Verona Mustagal

 BLOG >> Recent

Lemons to Lemonade [Entrepreneurship
Posted on April 3, 2020 @ 06:51:00 AM by Paul Meagher

Seems like we have alot of lemons on our hands in the form of self-isolating confinement and social distancing. While that stresses alot of people, to get over that stress you may have to start looking for positives aspects of this situation.

The main positives I see for entrepreneurs in this time of social-distancing is that it gives us time to focus on some valuable work like book keeping, business plan writing, reading, coding, learning new skills, renovating buildings, ordering supplies to get ready for projects, creating and expanding online networks, designing a new product or service, and perhaps figuring out how you want to finance the next direction in your business. Seeking funding to finance a new business idea without having done any groundwork (i.e., plausible investment pitch, business/financial plan, minimal viable product, business registration, website) is less likely to result in a successful financing deal. Now may be a good time to work on laying some of that groundwork.

This is the time of year when I prune 1.5 acres grape vines I planted at our farm property. I will be making lemonade of this slow down to do some pruning next week. I will also be making some lemonade by learning horticultural skills for creating new woody plants. I have experience creating new grape vines using cuttings from my existing grape vines. Ideally, these cuttings are taken from grape vine prunings when the vine is still dormant so you don't harm the host plant more than you have to. I believe the same approach and techniques can be applied to additional woody plants like haskaps (Lonicera caerulea), highbush blueberries (Vaccinium corymbosum) and black currants (Ribes nigrum) that are growing in my suburban back yard. I could fail at creating new woody plants, but now appears to be the best time to do this propagation work to maximize the likelihood of success.

Yesterday I created cuttings from some older haskap bushes growing on our property. I filled a black tote with a soil mixture of bagged peat moss and bagged manure lying around my back yard from last year. I soaked the rooting end of the cuttings in a cup of water. I added a couple of drops of rooting hormone to that water and let the cuttings soak for a few hours. Then I planted all the soaked cuttings densely into the soil I placed in a plastic tote (see photo below). I dipped the rooting end of the cuttings in rooting hormone one more time before placing them in the soil. I then placed the tote on a heating mat I purchased online this year for around $60 that will maintain the soil at a particular temperature (20 C or 68 F). I placed a glass pane from a sliding window on the top of the tote to seal in the moisture, create a humid environment, and keep my 2 cats from jumping in. Some of the buds look like they are starting to leaf out today but I'm more concerned that the root system spring to life rapidly to support the development of these leaves.

Today I will be starting a couple more experiments using some cuttings from a highbush blueberry plant and a black currant plant in my back yard. The same planting and growing conditions will be used.

If some of these cuttings eventually become new plants they will be valuable to me in two main ways:

  1. The new plants are valuable for my farm as something I could plant, give away, barter, or sell.
  2. The acquired knowledge and skills on how to grow new plants from existing plants sets the stage for acquiring more horticultural expertise with other plants and different growing techniques.

Much of the relevant horticultural knowledge and techniques can be found on YouTube and other online resources. Self-isolating confinement offers me time to consult these resources while doing small-scale experiments to test ideas. These growing experiments don't take up much room. Growing salads and herbs in totes might be more practical for most people looking for a faster return on food growing efforts.

Like most people I was caught flat-footed by the sudden shutdown of business as usual. It seemed like alot of gloom and doom and for many it still is and it is possible it will become much worse before it gets better. If you are an entrepreneur and your business is slowing down now that sucks in many ways, but it may not be all bad. This is an opportunity to address intellectually challenging work that might help get you ready for the next chapter. You can get certifications, do business planning, create personal/business forecasts and budgets, work on your online presence, do renovations, get up to date on your business bookkeeping, and learn some new skills. My horticultural example is meant to show that we can use this time to acquire valuable new skills that can make and/or save money.

For some, this slowdown is a time for business emergency planning and there is a very real need to act soon. If that is the case, perhaps Steve Blank's five day plan will give you some ideas on what you might do to react more quickly to the current situation. In many ways this requires figuring out, on an accelerated timescale, how to make lemonade from the lemon situation we currently find ourselves in.

Permalink 

 Archive 
 

Archive


 November 2023 [1]
 June 2023 [1]
 May 2023 [1]
 April 2023 [1]
 March 2023 [6]
 February 2023 [1]
 November 2022 [2]
 October 2022 [2]
 August 2022 [2]
 May 2022 [2]
 April 2022 [4]
 March 2022 [1]
 February 2022 [1]
 January 2022 [2]
 December 2021 [1]
 November 2021 [2]
 October 2021 [1]
 July 2021 [1]
 June 2021 [1]
 May 2021 [3]
 April 2021 [3]
 March 2021 [4]
 February 2021 [1]
 January 2021 [1]
 December 2020 [2]
 November 2020 [1]
 August 2020 [1]
 June 2020 [4]
 May 2020 [1]
 April 2020 [2]
 March 2020 [2]
 February 2020 [1]
 January 2020 [2]
 December 2019 [1]
 November 2019 [2]
 October 2019 [2]
 September 2019 [1]
 July 2019 [1]
 June 2019 [2]
 May 2019 [3]
 April 2019 [5]
 March 2019 [4]
 February 2019 [3]
 January 2019 [3]
 December 2018 [4]
 November 2018 [2]
 September 2018 [2]
 August 2018 [1]
 July 2018 [1]
 June 2018 [1]
 May 2018 [5]
 April 2018 [4]
 March 2018 [2]
 February 2018 [4]
 January 2018 [4]
 December 2017 [2]
 November 2017 [6]
 October 2017 [6]
 September 2017 [6]
 August 2017 [2]
 July 2017 [2]
 June 2017 [5]
 May 2017 [7]
 April 2017 [6]
 March 2017 [8]
 February 2017 [7]
 January 2017 [9]
 December 2016 [7]
 November 2016 [7]
 October 2016 [5]
 September 2016 [5]
 August 2016 [4]
 July 2016 [6]
 June 2016 [5]
 May 2016 [10]
 April 2016 [12]
 March 2016 [10]
 February 2016 [11]
 January 2016 [12]
 December 2015 [6]
 November 2015 [8]
 October 2015 [12]
 September 2015 [10]
 August 2015 [14]
 July 2015 [9]
 June 2015 [9]
 May 2015 [10]
 April 2015 [9]
 March 2015 [8]
 February 2015 [8]
 January 2015 [5]
 December 2014 [11]
 November 2014 [10]
 October 2014 [10]
 September 2014 [8]
 August 2014 [7]
 July 2014 [5]
 June 2014 [7]
 May 2014 [6]
 April 2014 [3]
 March 2014 [8]
 February 2014 [6]
 January 2014 [5]
 December 2013 [5]
 November 2013 [3]
 October 2013 [4]
 September 2013 [11]
 August 2013 [4]
 July 2013 [8]
 June 2013 [10]
 May 2013 [14]
 April 2013 [12]
 March 2013 [11]
 February 2013 [19]
 January 2013 [20]
 December 2012 [5]
 November 2012 [1]
 October 2012 [3]
 September 2012 [1]
 August 2012 [1]
 July 2012 [1]
 June 2012 [2]


Categories


 Agriculture [77]
 Bayesian Inference [14]
 Books [18]
 Business Models [24]
 Causal Inference [2]
 Creativity [7]
 Decision Making [17]
 Decision Trees [8]
 Definitions [1]
 Design [38]
 Eco-Green [4]
 Economics [14]
 Education [10]
 Energy [0]
 Entrepreneurship [74]
 Events [7]
 Farming [21]
 Finance [30]
 Future [15]
 Growth [19]
 Investing [25]
 Lean Startup [10]
 Leisure [5]
 Lens Model [9]
 Making [1]
 Management [12]
 Motivation [3]
 Nature [22]
 Patents & Trademarks [1]
 Permaculture [36]
 Psychology [2]
 Real Estate [5]
 Robots [1]
 Selling [12]
 Site News [17]
 Startups [12]
 Statistics [3]
 Systems Thinking [3]
 Trends [11]
 Useful Links [3]
 Valuation [1]
 Venture Capital [5]
 Video [2]
 Writing [2]