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

Charlie has spent more than 20 years in Perth’s tech and startup sector, firstly as a founder himself, through to exit, and more recently as a writer, advisor and investor. Originally from the UK, Charlie worked in Singapore before arriving in Perth in 1997 to do an MBA at UWA. Graduating as top student in 1999 he set up online real estate business aussiehome.com, running it for 10 years before selling to REIWA, whereupon Charlie ran reiwa.com. In 2013, he moved to Business News to lead their digital transformation as CEO, and then worked for the federal government’s Accelerating Commercialisation program, funding pre-revenue startups and innovative businesses. He now works in an advisory capacity for multiple tech and other businesses, is managing editor of Startup News and co-host of the Startup West podcast. He also writes a column for Business News on startups. Charlie sits on the advisory boards of WA Leaders, TEDxPerth, WAITTA, the Perth Symphony Orchestra, and the full board of Rise Network.

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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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