Andrea Zanon is a Founder, CEO and experienced technology and impact entrepreneur who has made powerful strides in his career. He is currently the CEO of Confidente Coaching and Empower Capital.
Entrepreneurship in Times of Geopolitical and Economic Crises
As we emerge from the COVID-19 pandemic that began in early 2020, concerns are growing about how geopolitical conflicts in Ukraine and the Middle East, specifically in Palestine and Israel, might impact economic growth and entrepreneurship. It’s important to recognize that many crises, whether they are geopolitical, health-related, financial, or natural disasters, are often beyond the control of entrepreneurs. However, the actions and decisions made during and before a crisis can determine whether a business survives or faces a costly closure.
From Assertive To Strategic: How Italian Football & Inter Milan Can Benefit From The Changing Global Football Posture Of Saudi Arabia
As superstars Ronaldo, Benzema, and Neymar moved from Europe to Saudi Arabia over the last twelve months, the Kingdom is going on the offensive – and Inter Milan could benefit from this.
From assertive to strategic: Here is how Saudi Arabia global football posture is changing
As superstars Ronaldo, Benzema, and Neymar moved from Europe to Saudi Arabia over the last twelve months, the Kingdom is going on the offensive. The big spending behind the Saudi Pro League, backed by the Saudi Sovereign Wealth Fund-PIF (the 7th largest in the world with US$776 billion under management), aims to get Saudi in the top 10 soccer leagues in the world. Since 2021, the kingdom invested at least US$ 6.3 billion in sport as part of its effort to diversify its economy away from oil promoting tourism, sports, and entertainment. Approximately US$ 2.8 billion went to football to acquire players, coaches, and upgrade stadium infrastructures.
Cost of living will stay high.Tighten your belt and invest in yourself as more instability looms
Inflation pressure is not going to go away: As we head to the holiday season, cost of living will stay high. If you are young and don’t remember past periods of high inflation, and high cost of capital, get used to it. Data that came in on October 12th, confirms that inflation has increased slightly and that cost of living will stay high for longer than expected. Month over month, overall inflation increased 0.4% in September. In August, the month-over-month rate was 0.6%.
Here is how you become 1% better every day. Start with a personal problem or a challenge
Having won and lost “many battles” over the last 25 years, both professionally and personally, I’d like to share some of the actions that helped me succeed and recover from setbacks. Just as a matter of background, throughout my career I have advised 15 Ministers of Finance in the Gulf Countries and the broader Middle East. I also advised Secretary of State Madeline Albright and coached more than 25,000 women entrepreneurs on fundraising. All this exposure came with lessons, pressure, and failures. Regardless of these, here below are several routines that helped me stay competitive and bounce back quickly when life “punched me in the face”.
In times of stress don’t do anything stupid. Instead, pause and do something special for yourself
I learned from personal experience that overreacting in times of hardship can cause more pain than gain. Over the last 20 years I experienced highly stressful situations and I will never forget a few of these, as I rushed decisions resulting in heavier losses for me and for the people that loved me. Had I only paused, analyzed the events with patience, I would have saved money and protected my mental strength. Instead, my impulse and instincts caused and accelerated a crisis that would have not started had I not done anything.
If you are an entrepreneur, you should use SAFEs to raise capital
Early-stage companies that need to raise the first round of capital must select the smartest instrument to grow their business. The two most common are SAFE Notes which is a simple agreement for future equity and Convertible Notes or a form of debt that can convert to equity.
It takes courage to quit but it takes even more guts to stay
Quidding is often associated with giving up. Wrong! Quitting is also a courageous decision of self-disciplined people with resolve and ambition. The type of quitting I am interested to discuss is the one that relates to our career choices that led to self-affirmation, happiness, and success. Millions of people are stuck in their jobs, and they don’t see future growth, both financially and personally. Many of these people face the daily challenge of neither being able to contribute to their business growth, nor to their personal learning. The challenge goes further, as many are unable to define why they do what they do and cannot measure progress towards success. My advice to all is, when these difficulties become the norm, and you don’t see where you are headed, it is time to quit. It is time to change as it will be irresponsible to stay. If you stay it would ultimately lead to personal misery, and for misery of the people you love the most and plus it will lead to mediocrity.
The Climate Summit COP 28 promises to be transformational
Before I left the World Bank in 2015, the Washington based organization organized an event called “Should the World Bank President be a Private Sector CEO?” While this panel generated a lot of animosity and anger, in May 2023, the World Bank chose a Wall Street CEO, Mr. Banga as the new President. It is becoming clearer that poverty reduction, and sustainable development need more private sector and capital markets expertise and tools. And the market is adjusting to this new reality. Similarly, global decarbonization and climate change adaptation, needs to be tackled from the source up with greater private sector leadership. The great work that International Financial Institutions have done together with civil society groups, needs support from oil and gas producers as they have the financial resources and now the market incentives to become part of the solution.
Spain and Italy are the European Climate hot Spots: Time to Ramp up the Mitigation Efforts
World Leaders and policy makers are getting ready to attend the COP 28 climate summit in late November which this year is hosted by the United Arab Emirate (UAE), the 7th largest oil producer in the world. This is the first time a leading hydrocarbon producer hosts the global summit. Expectations are high, after several consecutive inconclusive climate summits. At least 140 Presidents and Prime Ministers will gather in Dubai to take stock on decarbonization progress and seek to devise a low carbo economic green growth path forward.
What is Stakeholder Capitalism and Why is it so Relevant Today?
The recent economic and health shocks starting since 2020, have had a meaningful impact in the way we conduct business. Environmental Social and Governance (ESG) practices have become the norm as also witnessed by the large investment going into sustainability. In 2022 $2.5 trillion dollars were invested in sustainability, and in 2023 one out of three dollars of Asset Under Management (AUM) is going to be invested in the broadly defined ESG products and services.