BANZA
The team
“If you want to go fast, go alone. If you want to go far, go
together”. Reading such a quote encourages you to create a
team. It is a given that trying to do everything by yourself is an
unnecessary burden. The “one man show” businesses fail more
than often.
However, the problem with the quote is that it doesn’t tell the full
story. It should say: If you want never to move at all, go with a bad
team. The easiest way to fail a promising business is surro unding
yourself with unproductive teammates. You would like to go right;
they will take you left.
Before partnering with someone or hiring him, give him a task.
Don’t rely on interviews or empty promises. If he performs the
task well, only then you can start considering whether he joins or
not.
The capital
“To make an entrepreneurial venture: Firstly you need a great idea,
a team and some funding/ capital.” A business without a capital
is not a business, yet. The lack of capital will hold your grip and
twist it painfully. Leading your team without funding wastes your
energy. At the end of the day, someone with more resources might
easily start a similar venture to yours. How would you deal with
that?
Nowadays, with the grants and investors’ money at your disposal,
all you need to do is to plan for getting them. You can still start
with a limited budget. But, if you don’t plan to get funding, you
will never get it. Even if you start with no penny, always have the
capital acquisition in your mind.
|Business