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Discussion details

Created 19 June 2018

look around you.....everything created by man is a product of his imagination. the questions is....How can we build a great Business with limited access to funding?

What are our options?

How can Imagination be of help?

Is financial capital the key to succesful Business?

I remember the early years of my business when i found myself making great products , selling but going in circles,production was not enough and sales was insufficient. i felt i needed to do what what normal, get a job and live from paycheck to paycheck.

in 2011 a friend gave me a book that helped my business."The Entrepenueral Myth by Michael E Berger" it was an audio book

from the moment I started to listen to the importance of systems and the human imagination working together i knew i found the key to the development of my business.

 (a) Its not the Lack of capital....its how we will get the capital, find creative ways to start.

 (b) instead of seeing a task as impossible ask yourself "how will i get this done?" its the how that will give you the answer.

 (c) attend Business seminars, socialize with the leaders and upcoming leaders, Create your personal business circle of friends.

 (d) set Business Growth Goals. eg. investing as much as possible even if the growth will be slow.

 (e) think about your product and see its sub-products, innovate them by thinking of what you can change, Packaging, size,       purpose, always remember that the benefits of your product should be at the front of your marketing strategy. focus on what    your product is good for and sell it for what it is.

The Human imagination is an inexhaustable source of creativity and with this we can create sustaiable developments within our communities. we dont just extract development minerals,be it sand, stone,granite, clay etc. we design creative ways to market.

(1) Partnerships are sometimes not an option for small business persons, however it should be given thoughtful prioity especially for larger scalabilty and wider distributions.

(2) Human imagination is the driving force behind Modern technology and wealth creation, so think everything through....ask why and how to every problem encountered in your  business. always make plans although in most cases they dont go exactly is plan.....plan dont fail tom plan.

(3) Bad associations Spoil useful Habits......Root out the things that you know is bad for you, build strong families and be compassionate. do not Be a Gambler unless you own the game.

I look forward for your feedback and questions and hope to learn as well. I beleive in this industry and is willing to share my expieriences and technical expertise with others.

 

(4)

DE
deboeja

Financial Capital without Human resources will not make a successful business

DE
deboeja
in reply to kpaulambu@yahoo.fr

I find that some startups dont understand the power of human resources and thats why most small Businesses fail, I failed for many years but never gave up. How would you describe Human resources?

DE
deboeja

Financial Capital is not the cornerstone to successful business. Financial Planning play a great role in successful busines. Even the best planning cannot always foresee every fluctuations an enterprise will have to face. It should therefore not be surprising that thousands of enterprises face  business difficulties at some point. The success of any given enterprise is dependent upon when they face such challenges. Business debt management can be difficult , especially when it becomes excessive. This can cause a significant mental shift, to the detriment of the given business enterprise health, where the focus turns to paying creditors and vendors rather than enterprise growth. 

In many situations, the frustration can be such that the given business enterprise feel trapped, with no other solution than bankruptcy. Furtunately, at business capital, there are better options for business debt management that will keep an enterprise out of the court and on the right track to success. 

Just as with any stage of an enterprise life, dealing with excessive debt requires the right business financial planning. At business capital, we pride ourselves on working closely with our clients, designing customized business debt management plans that include approaches such as : - Debt restructuring, debt reduction and asset based lending designed to get an enterprise back on track. 

Most importantly, it's always good to use a positive and amicable approach rather than an aggressive one in order to maintain any existing business relationship an enterprise may have. 

At business Capital, client best interest should be our best interest. 100% contingency fee basis and believe in exhausting every possible solution before a client even considers bankruptcy. Infact, turnaround strategies are typicality so successful that clients see results within. 

By: Tata Wirba Usmaila

Artisanal Miner

Mbiame North West Region

Cameroon