Showing posts from June, 2016
Love what you do While Herjavec has achieved a level of success that most people dream of, he credits the passion he has in business as the reason for that success. "The best advice I would give to somebody is, don’t everSTART A BUSINESS that you are not incredibly and deeply passionate about," said Herjavec. "It is hell, and you will spend more hours with your business than you will with your family and friends. You will have horrible days that will make you want to quit and question everything you have ever learned. Along that journey, if you don’t absolutely love what you do there is no way you will survive." "The biggest mistake I see people do is they start a business to make money," said Herjavec. "The problem with that is on those cold days, money doesn’t keep you warm at night. For me, it is impossible to expend the effort required to start a great business because you want toMAKE MORE MONEY." Aside from passion, Herjavec also believes t…
OF A SHIPNeptune Okeanis

Aircraft Carrier, Cavour

Costa Magica

16 september 1962

Figure 1 - Balance of the forces while ship is sliding down the slipway

Figura 2 - Balance of the forces in the rotation phase

Figura 3 - Balance of forces in the tipping phase

Figura 4 - Balance of the forces in the final phase

The REX launching at Sestri Levante
25 september 1932

Launching a ship has always been particularly fascinating, above all in ancient times, when sailing in the open sea involved risks and difficulties that today are hardly imaginable. Mariners, literally, entrusted their life to the ship and the deepest meaning of the launching ceremony laid in the link of absolute trust that tied those men to her.
It was for this reason that during the launching ceremony the ship was blessed, to underline the solemnity of the ritual that assigned to the ship a prestige that could not be compared with that of any other means of transportation. Today shipping is a c…
Cash Flow Components and ECONOMIC INDICATORS Why petroleum economics is required to make investment decisions Distinguishing cash flow from income and profit Sources of revenue and cost Treatment of capital expenditures (capex) Depreciation methods and their objectives Key information derived from financial statement Operating expenditures (opex) and their fixed, variable and marginal components Discounting and time-value considerations Manipulating the present value and future value formula Inflation, real and nominal (money-of-the-day) values Capital budgeting and capital efficiency Weighted-average cost of capital (WACC) and discount rates Factoring in historic (sunk) costs into cash flow analyses Valuing incremental investments ECONOMIC INDICATORSand yardsticks used to rank asset values (NPV, IRR, MIRR etc.) Hurdle and minimum acceptable rates of return Annual worth and annuity calculations for lifecycle costing Discounted payback, financial exposure and breakeven analysis Project lifecycles, optimum…
6 Important Skills of Self-Made MillionairesThere are ambitious individuals all over the world working hard to achieve millionaire status. It is a status that most would agree epitomizes financial success. We’ve all heard countless success stories of people who have become millionaires, some even at a young age. We also know that many of these people started with nothing, which is likely where the term “self-made” comes from. There are many paths a person can take to become a millionaire. Some have become millionaires by investing in real estate. Some have done it by building and selling a business. Some have done it by investing in other businesses. Some have done it by creating and selling digital products such as software, mobile apps or information products. So we know that it’s possible, and we know that there are many ways that people have done it. But what we don’t often hear about are the specific skills that these self-made millionaires possess that are paramount to their ab…
Five perspectives that successful people have in common. 1. Successful people have a purpose. When you look at great achievements and the people who worked on them, there is a common theme. Every great achievement came from the person having a purpose. This purpose was greater than just themselves or their personal gain. Of course achievers understand that they themselves will benefit from the achievement but this ego driven desire is not enough. Successful people do what they do because of a need to see these achievements come to the world and impact us all. 2.Successful people use their time to its fullest. Using all your available time to forge ahead is common with those who achieve greatness. Success is sprung from an unrelenting desire to see a vision become reality. The cause that drives them is energizing not tiresome. To these people it is a passion, not an obligation. 3.Successful people understand the role of failure. With any new venture comes new learning. As human beings we learn best through …