Alex On Success – Hello, I'm Alex Vostrykov and I'm your host in this blog

Bitcoin: No Future

January 19, 2018 Alex Vostrykov Comments 0 Comment

Everybody talks about Bitcoin nowadays. They use words like “miracle”, “tremendous”, “unbelievable” and so on to depict the prospects of cryptocurrencies. Some false prophets predict that its price will be chopped in half very soon and they use technical analysis to prove their point. Others naively predict that cryptocurrencies will substitute money and Blockchain will substitute core banking system. All it takes is to announce that your company is going to use Blockchain, and your stock prices could drastically surge overnight!…

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Perfect timing for an entrepreneur

March 20, 2017 Alex Vostrykov Comments 0 Comment

They tell us that we should strive to be always first. I believe that this misconception we absorb from the school (a school is supposed to be a competitive environment), from mass media (they generously regale us with business success stories “when somebody got ahead of time etc.”), from books (mythology is sold way better than bare true) and so on. But being first and getting ahead of time in many cases gives you nothing. Why? I will try to answer…

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Partnership In Business. Part 3 – Who can be a good match

January 26, 2017 Alex Vostrykov Comments 0 Comment

This is an article #3 about partnership in business – a series of articles started in Part 1 – Your chances and Part 2 – Right questions. This time we are going to talk about who exactly can become a good business partner. No friends, no relativesMany people think that good personal relationships before establishing business is a perfect basis to start business partnership. Of course, if you are enemies, it is highly unlikely that you can be partners in business….

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My Two Cents On Three Steps Elon Musk Took To Become Successful

January 17, 2017 Alex Vostrykov Comments 0 Comment

I read some articles by Jason Fernando, and they are very interesting. But Three Steps Elon Musk Took To Become Successful attracted my attention because in my opinion it refers to the correct steps, but the interpretation misses key points. This article is my 2 cents on what made Elon Musk so successful. 1. A Clear Sense of MotivationJason writes: Picture the scenario: you’re 28 years old and receive a cash payment of $22 million. This is the situation Elon Musk faced…

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Lesson 008 – Inventorytelling

December 22, 2016 Alex Vostrykov Comments 0 Comment

It’s been a while since I wrote the last investments lesson. In this lesson we are going to discuss such thing as Inventory. I think there is no need to define it, because everybody either knows or at least intuitively understands that Inventory is finished goods or raw materials on a balance of the business. InventoryAccording to Karl Marx’s General Formula for Capital, the business process is a transformation of Money into Products and then back into Money (of course, in…

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Partnership in Business. Part 2 – Right questions

November 30, 2016 Alex Vostrykov Comments 1 comment

This is the 2nd article in the series of articles about partnerships in business. In the first one we got rid of basic delusions and assessed our chances to find a good partner. The rest will be dedicated to: who you should consider as a partner (including where to find them); who to avoid; questions to ask before you decide. And maybe I will put a carriage before a horse, but I will start with the questions you should ask…

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Partnership in business. Part 1 – Your chances.

November 10, 2016 Alex Vostrykov Comments 2 comments

We all know that business is not a proper place for an one-aloner. But we automatically make conclusion that a partnership in business is a magic wand to solve all our problems. We tend to think that it is always rather positive thing, and then may feel very disappointed when this setting of our world-view collides with the reality!This article is the first one in the series of articles regarding partnership in business: myths, legends, misconceptions and the cold truth……

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Lesson 007 – Investment Risks: Montana!

November 3, 2016 Alex Vostrykov Comments 0 Comment

A group of prisoners is bored to death already: they discussed all the topics possible, told all the jokes they knew and played all the card games they knew. They don’t know how to entertain themselves. So, when a newbie enters the cell, they ask: “What card games do you know?” The new guy says: “Well, I know poker, preferans, whist, ombre, montana…” Everybody is curious about this new game, montana, so they say: “Let’s play montana!” The newbie say:…

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Lesson 005 – Golden Rules of Investor

October 13, 2016 Alex Vostrykov Comments 3 comments

This is our next lesson regarding investments. It will be about the Golden Rules, or The Commandments Of Investor. Do not treat this list as just nice-to-know stuff: all these rules are written not in ink, but in sweat, blood and tears of many-many investors. Moreover, one of these rules is extremely important for us as for fundamental investors – I will stress it out later on in this lesson. Off we go!We will start from briefly listing the Rules….

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