What should the starting point of business be: resources or opportunities

Every generation needs a revolution - an entrepreneurial revolution

On our way to a buffet celebration in a spot near Roxas boulevard,  I saw many commercial building newly built with FOR RENT/LEASE SIGNS.   What happens when there are no takers, lessors, tenants.  Unproductive investment.  

The way we were made to understand and teach the entrep students was to seek opportunities first then provide the resources/production facilities.  

Hence we have the exercise known as serendipity walk, where the student is asked to walk as street and list down as many opportunities as he can see.    Some come out with several dozens and discover that they can be a consultant to those seeking business to establish.  

What do we call person who can see things that are not there?  Visionaries...  right....

One time we asked a Sales Manager of a multi storey condominium in front of a mens Univesity, why the condo was put up?  She said because he has too much money.....

Well what about those who have little capital and borrowed much.  Its a disaster.  

So the next time you put up a building, be sure you have a list of business needed in the area where you are putting up a building   No need to seek for tenants later on with the FOR RENT sign.  

Strama defects - most writers can not connect FS and analysis, and strategy

Every generation needs a revolution - an entrepreneurial revolution

I was in 2 strama sessions this week:  one in the medical school last Tuesday, and yesterday at AGSB

I have seen this time and time again, students committing the same mistake, out of inexperience or lack of skills in financial. (as most do) It is only after 20 years of MBA that I learned the value of FS.

Thus the student will propose a plant or improvement, it no changes in FFE, in Balance sheet and cash flow, and no interest expense in P and L.  They all come together.  I

If they understand that strategy is about choice of resources and processes to reach an objectives, or a story of where am I now, where am I going, how do I get there, then they should see the totality of their work and connect, even the FS to their story

What resource does an entrepreneur have? a super Brain

                                                                                       

I have oft repeated that strategy is nothing more than a choice of Key Resources and Key Activities that an entrepreneur use to achieve his objectives.  But more often than not, unlike a corporate animal, an entrepreneur does not have much to show in terms of material resources:   manpower, machinery, and most especially money.  (The often stated problem of start up is lack of capital!)

But the Paolo's report that your brain gives you UNLIMITED RESOURCES should negate that kind of thinking.  Your brain has unlimited access to ideas, solutions to problems, networks and even other resources.  and even how to obtain money.  Entrepreneurs really should have UNLI ingenuity and courage to succeed.  Brain power should make him succeed.  Super brain by Deepak by Deepak Chopra

Your brain is your capital.  Capita means head.