What Mike Michelini is up to Now – July 30 – Aug 5, 2023
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What is Mike Michelini Up To Now – July 30 – Aug 5, 2023
Moving into August and kids final couple weeks of summer holiday underway. Wendy is taking the burden of the kids home all day much more than I – pottery class, art class, various online classes, play dates and more.
This week:
* Logistics puzzle more, preparing fourth container for Esatto and trying to dig out of the hole from the friend who took advantage of us in container 1.
* Finance and HR and month end – as thing scale up across all our subsidiaries, I keep getting dragged more into finance and HR matters. Guess this is the part of scaling that they don’t talk about.
* Starting Handshake twitter spaces again, Anne supporting on this as always.
* The Purse DD still underway, gathering massive amount of input from users, investors, and more for Oct 1 debut.
For those who want to hear the full week plan for Shadstone Limited, Mike’s company (removing sensitive info) – here it is:
Week Plan July 30 – Aug 5, 2023 Shadstone Limited
The pressure is on – but as I said during a team call last week – diamonds are forged under heat and pressure. Thanks to those who came to our monthly call, the NFT each time gets better so make sure you grab one of the 10 (first come first serve).
Hope everyone did as best they could during the typhoons in Philippines. It really hit a lot of our team hard and interrupted a lot of our business operations. Let’s think if there are any ways we can prepare / deal with it better somehow – but I know this is how it is in the Philippines.
For me the big “headache” has been finance, HR, admin. Which many of you can imagine is not my strong point. But seems cannot avoid it anymore as the finance department keeps burying my in long lists of questions and issues on this project to that project and I feel I have repeated myself for years and just not sure when it will be clear.
But hopefully it is clear -as we have to invoice faster our partners for our own cash flow – as the partners have funds and are wanting to pay but we need to send the invoices. But I still feel maybe we are 90% there (keep feeling / saying that lol) but it does seem promising and at least the ninjas on the department are sticking around and not burning out and leaving from overwhelm heh….
Not only for the past, but also for the future – the Amazon brands, while not short term cashflow positive – are all growing and scaling. And the Purse acquisition is moving along (still 2 more months to go) – and all of this means more spreadsheets, more structure, more systems.
I hope – I believe – the team trusts me and that we will be in a positive restructuring for all of us just gonna be a little stressful til that is done in October. But then it will be even busier.
Cross Border Summit I am preparing to get more hands on myself. Also just in general – hope I can stop getting paragraphs of complex financial questions and can work on business development for our projects. I just gotta force that to happen.
Other points this week:
* Esatto further streamlining and scaling – so many SKUs, but the brand is surviving the short term thievery and other mixups which is a blessing already. More calls this week.
* Finance and corporate structure – truly overwhelming but will do calls, meetings, and more to get over the hump.
* “BD mode” even more- have been building up a new team for post-Purse/Loadpipe, and talking to many users – more calls will be coming this week, and just gotta keep pushing myself to focus on that – for all our projects and make Cross Border Summit the pinnacle of what we do.
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