Motivation With Money

December 25, 2023

This is the most common excuses people who are not entrepreneurs to explain their lack of creativity, determination and initiative. One of entrepreneurial skills is to identify and obtain resources, including financial resources. Another well documented in research worldwide is that, in general, most of the money spent to start a business comes from personal savings, relatives and friends. Even many times the abundance of money but that aid is a disservice, because people do not value the decisions and make big economic waste. *** There are many ways to do a project and the task of the entrepreneur is to identify the form that is functional for its level of resources.

I need five million to start my business. Reality: Unless you build hardware (in which case you should rethink what you’re doing) probably do not need any initial capital. Has written extensively on this so I will not dwell too much, except to say this: do not need much initial capital, but you need a willingness to work to let the skin. You have to make good use your brilliant idea yourself, nobody will do it for you, and no one will give you money to hire someone to do it for you. The reason is very simple: if you do not believe in the commercial potential of your idea enough to sacrifice your evenings and your weekends to have a majority, why others believe in it enough to jeopardize their hard-earned money? With enough money to start you can not fail. Reality opposite is always true, with too much money to start and lack of discipline and impulse spending, often leads to serious problems and even failure. For more information see this site: Andy Florance. The opposite is always true, with too much money to start and lack of discipline and impulse spending, often leads to serious problems and even failure.

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