As the summer holiday season draws to a close, and people are turning their attention to children returning to school, re-immersing themselves into work I reflect on what has been a busy few weeks.
The Crypto ‘winter’ continues, along with poor news in all other markets and metrics, and with speculation rife on how long it will last and the severity of it it paints a poor forecast (if you listen to the ‘experts’. My work as an advisor has continued throughout, and whilst I have been able to enjoy the beautiful weather in Guernsey, I must confess I’ll be pleased to see the end of summer from a business perspective.
This year has been particularly notable in terms of how the holiday season disrupts the decision making processes in business. I’m sure there is a reality to the situation, but it’s been more obvious this year that it’s very easy to use it as an excuse when one or other partner is absent to delay or defer a decision. For example, a typical business with three or four founders means that if each take a two week break, it can be 6 or 8 weeks of bottleneck and broken chain of command, which renders the business to a halt during this period on anything strategic or progressive. Of course established businesses continue to serve their customers but the aspect I work with businesses on means that anything that requires a real decision is put on hold.
I’ve noticed in the last week or so that the return to work, an understanding that despite the economic climate decisions do have to be made, and that now is the time for building and making brave decisons.
History tells us that the ‘next big thing’ tends to emerge from the period of stasis that economic uncertainty brings, and so I’m buoyed by this fact and grateful to be operating in the areas that I do.
My expectations for the next few months – I’m bullish.
I say this that despite the pain that it will cause other sectors, FinTech is building rapidly and the projects I’m specifically working on now, such as IAMX, SIKA and Factiiv it seems are all on the brink of making some giant leaps forward in the coming weeks.
Obviously I’ll update significant news on these as it becomes public, but I really feel my efforts across the summer months will start to pay off as we head towards autumn!