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.
The Magnificent seven Gulf Sovereign Wealth Funds are going on the offensive
As already witnessed after the 2008 financial crisis, the Gulf Cooperation Council (GCC) Sovereign Wealth Funds (SWFs) became more assertive during times of financial and economic difficulties. Their role has become more critical in stabilizing the international financial system during and after the recent financial crisis. Gulf SWF invested over 50 billion dollars to support banks and financial institutions in 2008, reducing the impact of the crisis, while propping up the US dollar value. A few of the companies the Gulf countries invested in during the crisis were global lenders Citigroup, Barclay, and sports assets Manchester City football team.
Ignore Deadlines as They Are Completely Artificial
As we go through a third year of crisis, be it health, geopolitics or economics, we are all bombarded with digital stimuli and distracting information. We are also becoming more reactive in the way we process information and decide about general matters. This is in part explained by the enormous level of mental stress and financial changes we have all faced in the recent past.
Executive and Entrepreneurs: Here is How to Use Silence to Your Advantage
While silence can be awkward, learning how to use it at the right moment can be powerful. Conventional wisdom tells us that if you make your voice heard, be it in a classroom, in a board meeting or at a networking event, you are going to get what you want. One of the quotes that tends to resonate with my thinking is: “the loudest in the room is the weakest in the room”. And what I have learned in over 25 years as an entrepreneur and as I senior advisor is that decision makers appreciate quiet leadership as they often associate that with mature judgment. My advice today is going to be how to use silence to your advantage both in your personal and professional life.
Are the November climate and sustainability summits going to deliver on the promised green investment?
We are just a few weeks away from 2022 United Nations Climate Change Conference, more commonly referred to as COP27. This year, the 27th global summit takes place in Sharm El-Sheikh, in Egypt from November 6 to 18. This is the second time a Middle Eastern country hosts one of these summits. Morocco hosted COP22 five years ago.
What to expect from Egypt COP27 Climate Summit?
We are less than a month away from the climate summit COP 27th, which this year takes place in the luxury resort of Sharm El-Sheikh, in Egypt. This is the second time a Middle Eastern country hosts one of these summits. Morocco hosted the COP22 five years ago. However, since the last time world leaders met for the COP26, in Glasgow, UK, in November 2022, the world has changed a great deal. Russia has invaded Ukraine undermining Europe energy security; global inflation is at 40 years high, and we are headed to economic recession.
Women are better CEOs and here is where the women led market is headed in 2022
At a recent Shark Tank episode where Billionaire Mark Cuban and other highly successful investors join him to get pitched live by aspiring entrepreneurs, Mr. O’ Leary, one of the show leaders, declared that "Women make better CEOs. He elaborated further “All things being equal, given the choice between a woman and a man, I would pick the woman every time." He explained that in 75% of his investment he has been successful because these companies have women in C suite role. If we break it down further, we find out that 55% of the companies he has invested recently, have a women CEO. Most of these investments are a recent change of his investment strategy where he prioritizes women CEO as a criterion to select start up and mid-cap company in which to invest. He is making more money in companies that are women led. Pure and simple according to him women are better at running companies and if they are publicly traded their stocks are less volatile.
Emotional intelligence boosts business growth and it should be prioritized during economic downturns
Emotional intelligent people can identify, manage, evaluate, and understand their own emotions and the emotions of people they interact with. We can think of emotional intelligence as the combination of your personality, charisma, and social awareness. When Salovey and Mayer two of the global experts created the expression emotional intelligence in 1990, they described it as "a form of social intelligence that involves the ability to monitor one’s own and others’ feelings and emotions, to discriminate among them, and to use this information to guide one’s thinking and action." Another way to think of Emotional Intelligence, is to combine, Self-Awareness + Social Awareness, and Self-Management + Relationship Management. No matter what definition you follow, most subject matter experts including TalentSmart, agree that among 33 critical professional skills prioritized, emotional intelligence is the leading differentiator in work and personal performance, and it is responsible for over 60% of people professional’s and personal achievements.
What I learned from billionaire Warren Buffet
I have attended 5 Berkshire and Hathaway shareholders meeting which typically take place in Omaha, Nebraska at the beginning of May. These meetings are also known as the “Woodstock of Capitalism” as they attract between 30 to 40 thousand attendees every year. The shareholders meetings are chaired by the two billionaires Warren Buffet and Charlie Monger. They are each worth roughly $100 billion. The two financiers are respectively 92 and 98 years old and they have not lost the mental fitness that has allowed them to build a value investing empire.
My Message to Entrepreneurs: Nobody cares about you. At least not yet. Get used to it!
The overnight business success does not exist. Success stories are the result of restless efforts, market feedback (failures) and prolonged persistence. Some of the companies that come to mind as I think of success are, Lululemon, Amazon, Apple, Zappos or Yoox.com. These are companies I use every day and got to extreme success because of extreme dedication, patience, huge risk taking and extreme focus. It took these companies an average of 10 years to become the force-multiplier they are today. Those other companies that grow too rapidly and reach the unicorn status in say 2 years, they either are in trouble because of excessive growth, or they do not exist anymore. Peloton is one company that comes to mind when thinking of temporary success followed by failure. Peloton was a Covid 19 success story, best known for its at-home exercise bike that features a large screen on the front of the bike. The company grew too fast and got the leadership disconnected from reality. As a result, the stock crashed, and it is now at 7$ down about 2000% from the Covid peak of $151.
Reputation Management in the Aftermath of the Panama Papers
In April 2016, the International Consortium of Investigative Journalists published a massive leak of sensitive documents known as the Panama Papers. The leak consisted of 2.6 terabytes of data from the Panamanian law firm Mossack Fonseca, and linked 140 world leaders from more than 50 companies to secret offshore accounts in 21 different tax havens. By the end of the year, about 80 investigations in 150 countries had started.