Wednesday, 12 September 2012

All Entrepreneurs Need Is Money.                                                                                     Could this statement be true? It might look true to you, but before you come to a conclusion, I would like you to analyze this story. I gave Mr Ayuba #100, 000 to set up a good business that would yield good profit. I was hoping to see the business grow and hear about its expansion. One year later, I visited Ayuba; to my greatest surprise the shop was shut down and he couldn’t give proper account on how the #100,000 was spent.                                                                                                                                                                                                                                                                    I decided to find out on my own what could cause a business to fail so quickly and I got my answers crystal clear.It was because of Managerial incompetence, which is lack of intelectual and physical qualification...  lack of financial understanding, poor investment, poor planning, etc. For true entrepreneurs who practice the above business tips, money is a resource to them and never an end in itself. (KURATKO)            
In conclusion, I think if you give a man without entrepreneurial thought, who is not driven by passion or a creative mind the sum of $1 billion; he wouldn’t be as productive as expected, because he lacks the tools to build up a solid business foundation that is meant to metamorphose into something big and yield good profit

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