A Really Different Panda Update

Panda UpdateI’ve probably lured you here under false pretences.

Did you see the words panda update and automatically think of Google?

Actually, I don’t want to think or talk about Google at all.

I want to write about the pandas I saw with my family at Edinburgh Zoo.

Tian Tian, meaning “sweetie” and Yang Guang, meaning “sunshine” arrived in Scotland almost a year ago.

There was a huge buzz about their arrival back in December last year.

Touted as a “gift” from the Chinese government, the pandas will stay in Edinburgh for over 10 years.

For the privilege of receiving such a gift, the zoo are paying the Chinese government a hefty $1 million (about £620,000) a year.

The price of keeping the pandas happy with their staple diet of bamboo will cost around £70,000 a year, shipped in from a bamboo forest in the Netherlands.

But is it all worth it for an animal that spends up to 14 hours a day sleeping?

Let’s get to the crux of that question.

Investing in your own business

There’s been some criticism directed towards Edinburgh Zoo for taking on the pandas.

I see it as a bold move by the zoo however. They are investing in their own business for the future.

Yes, the Chinese government are shrewd; these pandas are probably just a commodity to them.

However, if Edinburgh Zoo doesn’t invest in their own business, why would anyone else want to?

Prior to the pandas arriving, the zoo had closed one exhibit and started charging people for parking. Things weren’t looking too rosy.

By renting the pandas from the Chinese government, Edinburgh Zoo is capitalizing on their cuddliness.

Panda fever came to Edinburgh when they first arrived and the queues to see the pandas are still huge each time we go back.

With this investment, visitors are flocking back to the zoo but how long it will last is another matter.

What they really need to happen now is for a panda cub to come along but that’s notoriously difficult to achieve!

It would certainly help in consolidating the zoo’s investment though.

Edinburgh Zoo have always stated that the gift from the Chinese government was for conservation purposes.

I’m not so sure. But equally, I’m not writing about whether you agree with pandas being in zoos or not, or any other animals for that matter.

It’s about the importance of investing money in your own business. How can you grow a business if you’re unwilling to invest in it?

It isn’t necessarily all about money. Investments in time, networking and education are also important.

However, without an investment of money, is it likely that your business will grow?

Now, being a stay at home dad, I don’t have the largest budget in the world to splash out with.

But I do  have a budget and my investments, though small, are strategic for my business.

So, over to you, do you invest in your business? Do you think it’s important? If not, why not?

I’d love to hear what you think about my panda update and I’d appreciate it if you’d share this post on all your favourite social networks :-)

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26 Comments on "A Really Different Panda Update"


shan
2 years 5 months ago

Hi Tim
You are able to guys very enjoyed yourself over the weekend, its smart generally sometimes.
Prior to your quastion, It’s obvious that any business owner that’s not able to invest some cash that may essentially grow his business isn’t very in business, this can be as a result of you’ll solely create cash with cash.
In alternative words, however does one set up on growing your business if you’re not able to place some cash down?
Therefore, in alternative to create cash on any business, you need to be willing to 1st of all drop some cash.

Thanks for sharing this.

2 years 5 months ago

Hi Shan

Thank you for visiting my blog. It’s great to see you here.

Without cash, a business isn’t going to go very far as you can’t do anything to grow it.

Even with a small amount of cash though, you need to be strategic in your thinking. I’m not flush with cash in my business so that is where I’m at currently. I really have to be careful where I invest money in my business but invest I will.

Many thanks for your comments Shan and I hope to see you again soon.

Tim

Ehsan Ullah
2 years 5 months ago

Agreed with your point here Tim, especially in blogging niche investing in your blog is must. A blogger shouldn’t hesitate to invest to grow their blog which is worth it.

Thank you,
Ehsan.

2 years 5 months ago

Hi Ehsan

Welcome to my blog. I really appreciate your visit.

Investing money in your blog is really something everyone needs to do as you say. Whether you have a huge budget or you need to be more strategic with a small budget, the only way to grow your blog is to put some money into it.

Thank you for your comments Ehsan and I hope to see you again soon.

Tim

Khaja moin
2 years 5 months ago

Oh! I was surprised not when I read post but when I saw title of the post.

Because I never expected post on panda from this blog. As every blog is writing same.

Glad I was wrong. BTW nice post.

~@khajamoin1

2 years 5 months ago

Hey Khaja

I was a bit sneeky with the title, I know :-)!

It was great to write about pandas in a context that didn’t involve Google.

Thank you for your comments Khaja and I hope you’re having a great weekend.

Tim

Ralph
2 years 5 months ago

Hi Tim.

Well, I don’t own my own business but I can correlate this to working hard at a personal venture. You get out of it what you put into it. Pretty cliche but basically true.

I haven’t been here much lately and I see you are doing well. Great! Cheers sir.

2 years 5 months ago

Hi Ralph

I couldn’t agree more. You definitely get out of it what you put into it.

Thank you for your kind comments Ralph. I have had a few days off visiting blogs but I’ll be sure to come and visit yours in the next couple of days!

Tim

Ralph
2 years 5 months ago

Tim, thanks. I would appreciate that very much. Personally, I need to get back to networking a bit more effectively. It does make a big difference to stay connected.

2 years 5 months ago

No problem Ralph.

I agree. Networking really does keep things moving. Sometimes life gets in the way though!

Have a great weekend Ralph.

Tim

Carolyn
2 years 5 months ago

Hi Tim, Wow, you sure fooled me! But this is even better than I was expecting.

I have been to Edinburgh twice (love that city!), but I hadn’t heard about that zoo. I think it’s a great idea to bring attention to the zoo.

I hope they get the return on investment they’re hoping for.

My big question is, what happens when and if the pandas have a baby? Does the Edinburgh Zoo get to keep the new panda cub? Does China get it and Edinburgh get a refund of part of the price?

Very interesting development, Tim!

2 years 5 months ago

Hi Carolyn

I’m sure not many things fool you Carolyn ;-) but thank you for your kind comments!

Edinburgh is a great place to be. With my wife’s work, we live about five miles out of the city centre along the coast in Musselburgh.

Last year we became members of the zoo. It’s quite expensive to get in each time without membership so when a special offer came up we jumped at the chance. Now we get in free for 15 months so it will pay for itself I’m sure.

The zoo is built on a hill on the western edge of Edinburgh and has some really great views across the city to the Pentland Hills. It’s quite breathtaking when you get to the top.

I really hope they get the investment return they are looking for too.

With regard to the panda cubs, the Edinburgh Zoo website suggests that they only get to remain at the zoo for two or three years. After that time, they will return to China to participate in reintroduction programmes back into the wild. That surprised me actually. I thought they would get to keep them with the amount of the investment they are making.

You should definitely take a visit to the zoo the next time you come to Edinburgh Carolyn, I would recommend it!

Enjoy the rest of your week.

Tim