Editor's PicksMoney does not generate business ideas, Business ideas generate...

Money does not generate business ideas, Business ideas generate money.

-

- Advertisment -

Money does not generate business ideas, Business ideas generate money.

Money does not generate business ideas. It’s business ideas that generate money.

Like many men and women of goodwill, I’ve experimented with a few people from different places and gave them money to start business. Almost always, they finish the money and come back for more. Very few people who are given start-up capital succeed. The majority of those who succeed are people who have refined their idea on the ground. People who are looking for funds for growth.

Business plans are tested on the ground, not on paper. When people test their business idea in the real world, they clarify their thoughts. They minimize assumptions. They feel the heat of fierce competition. They suffer rejection in the market-place. They learn to manage expectations when no one is buying their products. They learn to absorb shocks when employees leave with no notice.

- Advertisement -

When people put their money in the business, they eliminate jokes. They make sober decisions. They purchase what they must. They delay gratification. Few people take good care of money they have not earned. When one puts their money in business, they do everything humanly possible to make the business succeed. They learn to grow patiently from one step to the next.

Those who live in euphoria, focus on what they cannot control. Losers would rather blame the ‘unfair’ God, their corrupt government and their ‘mean’ relatives. They forget those who succeed work under the same econo-political environment. And God has no favorites (Romans 2:11). If you are lazy, you will be poor (Proverbs 6:10-11 & 24:33-34). Real poverty is a mental condition, not material status.

- Advertisement -

DR. K. N. JACOB

Get Your News on Wundef.com

Send us your business and entrepreneurship stories/news and articles to admin@wundef.com or through whatsapp, +233247516850.

Subscribe to our Youtube Channel, Like our Facebook Page

And also follow us on Twitter

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

AMCOW appoints Dr. Rashid Mbaziira as the new Executive Secretary

The African Ministers Council on Water (AMCOW) has announced the appointment of Dr. Rashid Mbaziira – a Ugandan national...

Cathy Smith of SAP Africa Scores a Spot on the Africa.com Definitive List of Women CEOs of the Biggest & Most Complex Businesses in...

Africa.com undertook a rigorous research project to identify the women who run the largest, most complex businesses on the...

Tech in Twi: Sony to Release an Xperia Device This Month

Sony has announced the release of an Xperia device later this month. Lets take a look at devices they...

Remote Deposit Capture in the Hands of a Criminal

Technology and digitalisation is helping lots of businesses grow especially in this times that we find ourselves (Covid-19 times)...
- Advertisement -

CEO of Eddymat Green Services Seeks to Make his company Africa’s Number 1 Landscaper and Lawn Care Company

Edmund Atta-Poku, the young Chief Executive Officer of Eddymat Green Services located at Kyekyewere in the Ashanti region of...

From Nigeria to Ghana, Rosine Wishes to Establish Restaurants Across The Country

Born to a Nigerian father and Ghanaian mother, Fiawoo Rosine Chinenye moved to Ghana in 2016 for her education....

Must read

- Advertisement -

You might also likeRELATED
Recommended to you