What do you work for?No. 57

Three Lessons From Losing Business to COVID

Alongside design work, he had built an import business from Europe — until COVID stopped the world. Lockdowns severed the trade at its root; the business he had built was finished. His life's greatest setback. But he converted it into three lessons, written plainly in his essay.

One: buy-and-sell work rests on replaceable relationships, fragile to external change. Two: dealing in products anyone can source ends in a battle of capital and price — unwinnable. Three, the deepest: fighting outside his own strengths was itself the greatest failure. Note what he did not do — end the story with "because of COVID."

The pandemic was merely the trigger; the structural weakness predated it, he dissected. Blaming external causes brings comfort and zero learning. Only those who dissect failure as a flaw in their own design can seal that flaw in the next venture. Is your latest failure dissected — or still someone else's fault?

What do you work for?

— Tomoki Nagano, Chairman & CEO, INSTINCT BIO TECHNICAL COMPANY (NASDAQ: BIOT)

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Never Stray From Your True Calling

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About the Company

The Nasdaq-listed company where the author serves as Chairman.

This series reflects the personal views of the author. It is not an earnings forecast, a valuation of any security, or a solicitation to invest.