A good day today.

I had some meetings out of the office with some inspiring people, and also some great meetings at work, where we discussed new projects and some innovative new ideas we are developing. That’s the fun bit for me. Coming up with new ideas, fashioning them, bouncing them off others, shaping them further and then seeing them come to fruition.

In my line of work, as in all perhaps, there is always a fight between income generation and R&D (where new stuff comes). As Economics 101 tells you, the world has a scarce amount of resources and there are always many things you want to do. Same in every organisation I guess.

Paradoxically, I have found that the more income you generate, the more time you have for R&D, so the more ideas are created and the more money is created. A virtuous circle. Away from the stress of making ends meet, the brain can relax, declutter and create new ideas. This means you end up doing more of both (making money and creating new stuff), and that is when the real fun begins. The best of both worlds. Concentrate only on the creation bit, and you will R&D yourself into bankruptcy. Concentrate on money only, and you won’t last long. All companies and products need reinvention if they are to last.

Photo credit: svgorange

About the author

20+ years in Perth’s business, tech, media and startup sectors, from founder through to exit, as CEO, mentor, advisor / investor, and in federal and state government. Originally an economics teacher from the UK, working in Singapore before arriving in Perth in 1997 to do an MBA at UWA. Graduating as top student in 1999, Charlie co-founded aussiehome.com, running it for 10+ years before selling to REIWA, to run reiwa.com. In 2013, moved to Business News, became CEO, then worked on the Australian government’s Accelerating Commercialisation program. In 2021, helped set up and launch The Property Tribune, and was awarded the Pearcey WA Entrepreneur of the Year (at the 30th Incite Awards). In 2022, he became Director Innovation, running the 'New Industries Fund' at the Department of Jobs, Tourism, Science and Innovation (JTSI).

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1 Response
  1. I agree. I hang out with a lot of creative types and the noble starving artists shtick gets really old. Just because you can extend your creativity to get paid (in addition to critical acclaim), does not mean you’re a sell out. As you said, income generation can directly support creativity.

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