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.
Canada regains terrain to position the country as a clean tech and hydrogen front runner
The November 2022 COP27 climate summit seems old news as we enter the end of January 2023. This is primarily because this year’s climate summit, which was hosted by Egypt, did not produce any breakthrough. As previously anticipated the Climate Summit was more about procedural agreements than strategic decisions. However, the Climate summit was a success for Canada as the country brought to Egypt numerous members of both the Canadian public and private sectors with more robust decarbonization commitments. Among the private corporate leaders coming to Egypt we count several representatives from the Royal Bank of Canada, pipeline giant Enbridge Inc., oil majors Cenovus Energy Inc. and Imperial Oil Ltd. Other attendees included representatives from Suncor Energy Inc.
How To Boost Your Company’s Valuation
It is often difficult to place an adequate a-price on the time, effort and level of effort you you’ve put into building a small business regardless of its size. Assessing the value of your assets and overall value of your company it is a touch task and it is even harder to place an adequate market value after all the years you have spent building your business. This is where you need expert advise to ensure that your business valuation calculations is done independently, objectively while protecting your interest as a founder. Normally valuations are used for mergers, acquisitions, and fund-raising . Having said that, there are key aspect and strategies to help the entrepreneurs not be bullied into a corner by predatory investors. But lest start from the beginning to see how we can help you calculate the economic value of your company.
You Can Become 1% Better Every Day!
When you go home at night ask yourself this question: By the end of the day is your workplace better than you find it in the morning because of your work? if the answer is negative for too many days in a row, no matter how much money you make, or how many years you have been in this job, change career. Start fresh and follow your passion and trust your instincts. I heard this question a few years ago during an interview of Sergio Marchionne, (in Italian) the former Italian Canadian CEO of Fiat/Chrysler (the car manufacturer). This question provides a powerful example of leadership, pragmatism, and courage.
Saudi Arabia is the front runner to secure the 2030 FIFA World Cup
When most countries were struggling to devise effective responses to the Covid 19 emergency in 2020 and 2021, Saudi Arabia was actively ramping up its business diversification, progressively moving away from its oil and gas-based economy. During the 2020–2021 crisis, the Kingdom of Saudi Arabia (KSA), under the leadership of the Public Investment Fund (with $620 billion under management), has been scooping up international companies battered by Covid. These investments are part of the broader Saudi strategy to ensure that the Kingdom plays a leading role in the future of global business. And just to be clear, this included football and other sports which are key pillars of the Saudi 2030 Vision.
Not all sovereign wealth funds are born equal: Let's look at the oil rich gulf countries
Sovereign Wealth Funds (SWF) have become diversified investment vehicles that invest across equity and fixed income products, but also are active players in private equity and in early-stage tech companies. As we look at the global landscape for SWFs, it is not surprising that of the largest 10 SWF, with a combined $7.6 trillion in assets, 70 percent of these are from oil and gas producers.
Gulf Country Massive Energy Revenues Will Result In More Investment In Football In 2023
Geopolitical tension caused by the Russian invasion of Ukraine will continue to affect energy markets in 2023. Oil and gas prices will stay high transferring global wealth from consumers to energy exporting countries. Global Oil and natural gas companies such as Saudi Aramco, Qatar Energy, and Abu Dhabi National Oil Company have experienced record revenues since Russia invaded Ukraine in February 2022. These state-owned companies will continue to outperform the market and bring in stellar revenues as new supply is constrained by bottlenecks and regulatory changes. The biggest winners of the crisis are the Gulf oil and gas producers’, which control 38 percent of global oil reserves and 24 percent of natural gas reserves. According to the IMF, in 2022 alone Middle East and Central Asia energy producers have generated $320 billion more in revenue due to the geopolitical crisis. The cumulative surplus is expected to reach $1,4 trillion over the next five years.
We Become the Average of the Five People We Spend Most Time With
Many of us perform jobs for extended periods of time that are not the perfect fit. We perform tasks we do not like, and that do not match our skill set. We often choose to work with people we do not like nor respect just because we need to pay bills and make ends meet. Oh, well that is part of life, and part of learning and growing. While we all must go through some of this in life, we all have a chance to stand up, make some firm choices to build our own future that is best for us and for our families. I say this as over seventy percent of Americans and Europeans spend most of their lives in jobs and careers they do not like, often because of job security, risk averseness, and overall lack of a plan. These career choices often are also the result of the wrong advice, often benign advice done by our parents or our teachers.
Here is why Entrepreneurs should never let a good crisis go to waste
The Italian Renaissance philosopher Niccolo Machiavelli (1469 –1527), lived through dramatic crisis, conflict and societal changes that redefined the way leadership, politics and businesses dealt with new power dynamics. He is believed to be responsible for the famous quote “Never waste the opportunity offered by a good crisis.” More recently, the Machiavelli quote was used by former White House Chief of Staff Rahm Emanuel, who said, “You never want a crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.”
Follow your expertise. Don’t follow the shiny trends!
In a post Covid world, it is hard to ignore the success of digital trends, investment platforms, and new video games. But if those type of businesses aren’t what you know best, they probably don’t represent career opportunities for you.
Ambition is Your “Brain Horsepower”
Thomas Jefferson said, “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” Despite this, in many countries, including my own, Italy, people consider ambition a negative trait as this is often associated with excessive power, arrogance, disrespect for the law and greed.
While Climate Summit COP27 Will Under-Deliver, The Market Shifts Towards Sustainability Will Accelerate
Background November 2022 was named the month of sustainability given that the COP27 Climate Summit is taking place during this time. These high-level meetings, however, will not produce any breakthrough given the global recession, high inflation, and geopolitical tensions due to Russia’s war in Ukraine. There will continue to be momentum towards the 2050 decarbonization targets, but we will fall short of concrete implementation of the climate commitments to keep the temperature increase to 1.5 C.
COP27 Climate Summit: Some Key Statistics on Risk and Investment Trends
As Egypt hosts the most important sustainability event of the year, COP27, the Middle Eastern country is pushing hard on making the summit about decarbonization implementation as opposed to climate commitments. However, given the weak global economy, high inflation, and geopolitical instability, we should not expect many breakthroughs coming out of this year's summit. The over 100 countries participating will be negotiating the establishment of the Damage and Loss Fund (a fund to finance damage and losses suffered by most vulnerable countries), as well as the $ 100 billion yearly investment commitment for developing countries to address their climate adaptation and mitigation priorities. Nobody expects much progress on either front given the limited political capital of the largest polluting countries as well as the weak budget space to fill the climate financing gap.