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Archive for the 'business' Category

A Gorgeous Little Startup called Naked Wines

Wednesday, January 27th, 2016

A great way to buy real Australian wine directly from real Australian small batch wine makers is through a start-up called Naked Wines. Over 49,000 people are currently crowd-funding Australian wines through Naked Wines at a commitment of $40 per month. These small scale wine buff investors are called the Angels.

The business problem Naked Wines solve is that the Australian wine industry is dominated by the two major supermarkets – Coles and Woolworth. With 77 per cent of the wine industry in those large corporate hands it is extremely difficult for small producers to compete and new entrants to produce good, authentic Australian wine. Real wine. Wine made by real wine makers in small batches.

The idea itself is simple enough: wine lovers (the Angels) commit to letting Naked Wines pull $40 each month from their bank accounts. This money accumulates in their shopping cart to be immediately available for purchasing wine. This money isn’t lost or stolen; it remains their money. The guaranteed $40 monthly cash flow from the 49,000+ Angels is used to help a select group of small wine makers purchase grapes and bring their otherwise unrealised small batch wines to market. Note that only Angels can purchase these limited edition wines.

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Greek Debt & the Sunk Cost Obsession

Sunday, July 5th, 2015

In the 1950s Germany had debt at 25 per cent of GDP (Gross Domestic Product) and the major lenders of that debt opted to let half of the debt go. Countries that let Germany off the hook included Greece, Spain, Pakistan, Egypt, the United States, the United Kingdom and France. This was public and private debt accrued before and after World War 2 that stood in the way of a rebuilt and stronger Germany. Greece needs the same strategy.

The current ratio of debt to GDP in Greece is at a ridiculous 177 per cent. While austerity as an economic panacea as espoused by Carmen Reinhart and Kenneth Rogoff is pretty well disproven. Although austerity measures still seem to dominate the minds of economists who have had careers espousing the austerity paradigm. In short, austerity isn’t the cure. Slowing down an economy isn’t going to fix it.

And if Greece has the little money it generates heading offshore as interest payments on further accruing debt then how can Greece rebuild a healthy economy? Is it about Greek debt? Or having collectors go around to break some legs?

Think of this as a simple business problem. A sunk cost problem.

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The Average Punter is an Importer

Sunday, May 31st, 2015

The rich people who run this country loved to bang on to the poor about how we were crippled by a high Australian dollar. What they never pointed out was that a low Australian dollar makes just about everything we wear, eat and manhandle more expensive. The average Australian punter is an importer.

A high Australian dollar makes for lower import cost – consider your dollar exchange on Amazon purchases. Most business in the World is done in US dollars. So, while exports are expensive – imports are more affordable.

A low Australian dollar makes exporting more viable. We can sell things cheaper on the International market. Primarily we’re talking about poor old mining magnates. Yes, I know there are a lot of smaller businesses exporting and that international trade is important. But the bottom line is a lowering Australian dollar makes life for the average punter more expensive.

There’s a trade-off. We need a dollar priced low enough to be competitive, while we have it high enough we can afford goods and services from overseas.

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About the Author

Steven Clark Steven Clark - the stand up guy on this site

My name is Steven Clark (aka nortypig) and I live in Southern Tasmania. I have an MBA (Specialisation) and a Bachelor of Computing from the University of Tasmania. I'm a photographer making pictures with film. A web developer for money. A business consultant for fun. A journalist on paper. Dreams of owning the World. Idea champion. Paradox. Life partner to Megan.

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