By Dr Paul Bundi Human beings are endowed with remarkable resilience, which can only be broken when they choose to give up. Says Viktor Frankl in his seminal book, Man's Search for Meaning; ''it is a peculiarity of man that he can only live by looking to the future-sub specie aeternitatis. And this is his salvation in thd most difficult moments of his existence, although he sometimes has to force his mind to the task.'' Man's life is primarily driven by the desire for future, the unshakable belief that the future holds promise. We invariably cease to live when we think we have hit a dead end, or that there's nothing more to be had by living. Theoretically, there is no limit to man's achievement, and that is what drives men to wake up and strive day after day. The opposite is spiritual, psychological death, which manifests way ahead of physical death. Lesson? Losing today doesn't mean losing always. You can lose 10 times and win the 11th time. Or, you
__Listen up, because you need to hear this, and you might not like it
“Money is king, and it is bigger than your idea”. Serious investors will never want to steal your idea, because they need you to run the business… and to run it well!
When you go to a financial investor, you pitch to convince them to invest their hard-earned money, explaining [with numbers] how if they do, your business will GROW their money. Few investors are interested in dividends, they want GROWTH! I have told you this before!
They want to invest say $50,000 and after 5 years sell their shares for at least $250,000. Most don’t want to be receiving small little dividend cheques from profits! [And remember, investors are not donors. This is about making them money!]
Investors wants you to properly manage the business created by their money. If you fail to achieve the agreed growth, then you must step aside! There should be no “Buts” about it!
If you said that the business would be generating so much revenue, and so much growth rate, after Year 1, Year 2, etc., and you achieve it, they are happy. If you come back with half or you lose the money all together, they will oust you right away. You can keep your own shares, but you cannot and must not be allowed to run the business.
If you don’t like this, then you are not INVESTABLE! You’re still a cub in the game and you’re not yet ready. No one will give you money no matter how your business idea looks. Can you manage for growth, using the 3Ps?!
Even if I have 10% in a business, no FINANCIAL investor will want to oust me if I am meeting my projected growth rates. Why? I’m a very good manager of a business. That is all.
And if I find I can’t run a business successfully, no one will ask me to leave… I will leave before they ask me!
Find financial investors and prove to them that you can actually manage and grow a business using their money. Show them you understand that “Money is King, and their money is respected before your ideas”.
Image credit: @yswildlifephotography @africansafariconservation
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