Business is an interesting subject because in the end it is math – do you make a profit from the goods and services or not. If you make a profit from doing something you enjoy so much the better. In one of the cases, given in our economy is diversified – you can make money or have a business in any sector. One example of how you do this is from Matt Mosteller writing in the Globe on October 16 with a title 5 Business Lessons from a Ski Bum.

Although the article does not say what Matt did during the summer, he had a love of skiing during the winter and likely he was either an instructor or guide in order to ski all day during the winter in the mountains. He has added responsibility over the years and works as an SVP. HIs 5 business lessons are:

1. Apres-ski or break bread with others. If you eat with others, the other people, in this case, others who share a passion for skiing, they will other advice to you; often try to help; integrate you within the community so your skills can help the community and vise versa.
2. First Tracks – the early bird gets the worm, the first up the ski hill lay down the tracks others will follow. Getting up early allows you to prioritize your time to do the things you want and need to do first.
3. Last run – if you love what you do, you want to do it most of the day including the last run before the resort closes. The last run in the mountains is determined by the setting sun – some of the best pictures are in the world can be seen in the sky.
4. Ski Patrol – Pay attention to the details. On the slopes – sometimes you go off the groomed paths but dangers will lurk you have to be aware of them, be able to deal with them and know when to stay away from the dangers. Life as a ski bum does not mean lots of income it means tight budgets (but it does involve skiing). One of the things you learn quickly is nature makes you respectful, humble and grateful.
5. Hot Tub Machine – share those tales you have made. If you talk to others, you will learn from others. If you want to ski everyday, it requires attention to fitness and exercise. The better you feel the more challenges you can take on with your increasing knowledge and respect for the situation you are in.

Linking to dividend paying stocks, the lessons Mr. Mosteller offers is good for all kinds of leadership and business. You chase because you enjoy and as you enjoy you learn lessons to do it longer. Learning is key and simple lessons are often the best ones. Investing in profitable stocks which pay dividends is a good simple lesson.

There are more questions than answers, till the next time – to raising questions.