Tag: innovation

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Woodworking: A Sleeping Talent to Explore


‘A sleeping talent is a gift one has, but they are not fully aware of its existence.’

Most of the time it takes doing something that requires using such talent in order to wake it up. It doesn’t have to be artistic though. Being good with numbers, for example, is a gift, which could come in handy one way or another, and be awaken by a genuine need (trying to figure out where all the money is going to 🙂

Recently, I’ve noticed an increasing interest in anything wood. Also noticed liking to go to hardware stores, enjoying the smell of wood, and exploring woodworking tools, raw wood boards and blocks.

It turned out that that was an actual sleeping talent (which might have its roots back in the childhood days), and when put to the test produced two handmade products, now posted on an aspiring new Etsy store, CanFour.

 

Handmade Craft Product

This is a handmade craft, made in Canada from 100% natural Interior BC wood. Inspired by the surrounding nature, and the gradual change of colors as we move from summer to fall. No machine was used, only simple, basic woodworking and painting tools and material. Listed on my Etsy store: https://www.etsy.com/ca/listing/565798587/natural-wood-miniature-tree-stool

C$45.00

 

Of course, monetizing a genuine/original talent comes with few considerations:

  • Is it going to stay fresh and vibrant as product and financial concerns come into play?
  • While producing one item is exciting and engaging, creating a product line is a different story
  • Is there a market and what would drive sales?
  • Is an online store the right business model?

Some might argue that business, namely marketing and sales, carries an artistic spirit. I’d agree, but this is a different flavor of art.

In this case, the business vision drove creativity! The decision to start an Etsy store as an element of a Multiple Streams of Income (MSOI) strategy preceded finding product ideas, let alone alone production. I’ve found that quite interesting. I guess the lesson here is the following:

‘It doesn’t really matter where and how innovation kicks in; whether it’s a hunch while taking a walk in the mountains, or an insight popping up during a deliberate planning session. What matters is how you capitalize on that and bring it to light.’

Going forward, you will notice that The Wealth Maker blog is becoming a proactive ‘voice’ of the emerging ventures. Furthermore, it will continue its mission to deliver quality knowledge and practical tips to wealth aspirants from all walks of life…

Till our next post, stay tuned and enlightened!

The Wealth Maker

 

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The Trader: Financial Awareness


 

“When a proactive, constructive idea hits you, all of a sudden, never dismiss it, act on it instantly”

That exactly what happened one afternoon, two months ago. I felt so driven to create a LinkedIn group, and name it The Trader. No analysis or deliberate planning, just a strong gut feeling.

Are gut feelings, intuitions, inspirations enough to embark on a new business idea, take an investment decision, or get married!

Honestly, I am not sure. It depends on the person, the topic, and the circumstances. In this case, it was clearly a good idea. The only resistance came from this part that always says no!

I’m so glad now I listened to that hunch. The Trader has become an exemplary group, in less than two months. Not because I created it, but because of the fine people, who accepted my invitation to join, then shared their wisdom, expertise, and hearts. I owe this success to them.

So what is this group all about? Most LinkedIn groups are networking boards. It is different with The Trader. The vision, in three words, is to learn, share and grow.

The world today is filled with financial advisors, professional traders, investors of all types, wealth management experts, financial authors, or just novice beginners, who are eager to find their way through all the clutter, online and off-line.

The Trader aims to start a movement of “financial awareness”. When the right people get their heads, and their hearts, together, have a clear vision, and robust intentions, they can create miracles. You don’t need thousands of members, just a selected few.

The discussions are still spontaneous, which is perfectly normal and healthy. Down the road, and guided by the group’s vision, The Trader will step on its path.

I believe The Trader can present a robust and sane investing model to the industry. That could be the nucleus for a revolutionary trend, one that is rooted in the principles of value investing, yet flexible enough to utilize the best of evolving schools of thought.

It is still young. It has a bright future, and a rich potential.

The Wealth Maker