Saturday, July 13, 2024

What do you do when there are seemingly insurmountable obstacles to a project proposal - do you give up.?

Every generation needs a revolution - an entrepreneurial revolution

This post did just that when a good project in the north lurched into freezer status after a spat between investors in our group had conflict with the land owner in the spat.   It was over.

However, the land owners wanted to continue.  So much was expected by them and the community expected the project.

So options were entertained:

1.  They mortgage the property and obtain funds for starting the project
2.   Get a developer who can pull off the project

Yesterday, we were able to find a contractor and who has a funder.  The funder will get 1000% ROI per year or 22,000% ROI for the life of the project.

So many people will be benefitted by the project.   Including those who will be scheduled for the great beyond.   Even for an elderly determination alone works.   

Many mindsets are prepared when they handle existing businesses, and are not prepared for failures and obstacles.   An entrepreneurial mind is adept, flexible and constantly seeking solution.   

On hiring relatives, expecting support from relatives for a start up

Every generation needs a revolution - an entrepreneurial revolution

Usually it does not work.   These worked with us:    a relative driver, relative of wife doing clerical works. They set bad example:    come to work late, absent frequently, low productivity.  They dont change even when called out.  It becomes complicated when they are fired.   Roles at office and in family tree clash. 
So better hire outsiders and those who will tow the line in a business environment  (Over the weekend I got into a tiff with relative of wife who bussed his plates into my table during a buffet)  This also happens to friends.  I did business with a close friend for iron grills for mass housing.  Prices kept escalating and never ending parade of complaints.   We had to part ways.   

Do not expect support from friends or relatives for a start up.   They usually believe you wont make it and you will not amount to anything.  Get support from public at large through marketing, excellent product and service.

Be the best you can be.  They always say you owe it to your family.  But sometimes, you can only depend on you.

Friday, July 12, 2024

E myth by Michael Gerber was correct

Every generation needs a revolution - an entrepreneurial revolution

According to Michael Gerber, techies cant be businessmen.   Most people believe that if they are expert programmer, civil engineer, designer, etc, you can hit on your own and be wealthy.  

The techie has to learn how to run a business.  He has to learn to be entrepreneur. 

There are three engineers and all are quite good as contractor but I can see that:
(JM, Leal, FF)
     1.  They lack ability to sew a deal, negotiate;
     2.  Lack of knowledge how to get permits
     3.  Lack of business sense
     4.  The procedures.

Thus I have to render some advices consultancy for them to learn the business.