“Don't Rush what is big and never relent out of fear, both are Red flags”---dani-EL. I have experienced both; I can remember the day I tried to Rush out of the bathroom and slipped. On the other hand, I have relented to take actions on opportunities and circumstances because of fear. I ended up procrastinating until the entire activity was completed.
I had to take some time to relook at a project I am working on. This particular one I can say is scary. Have you ever had a business proposal that seems so big that you think of reshaping it?. There will be no reshaping no doubt, the way out is finding out the right strategy. If I cannot handle something big, then why have I been waiting on God, in short, if the vision is not big, then it is not God’s.
I have to appreciate technology. How easy it is to get some level of insight when you seem stuck. One of those is the impact of artificial intelligence, it is like having an adviser right in your very pocket. This is something many are failing to leverage, do you know how much it would cost you to hire a human financial adviser. Secondly, consider the rigidity of his response whereas you can turn to this tech anytime.
source
How good can you be with finance? If someone gave you $1 million dollars to invest for five years, would you be returning a profit or loss? Will the profit be high or low and what strategy will you apply to ascertain this? And yes we know, success is beyond paperwork. Nevertheless, there is nothing bad about drawing out a feasible plan to help connect the needed dots.
My focus on this article is how to kickstart a business. I have been trying to answer the question of ‘what is my current most important challenge?’ After thinking it through for a while I had to jot down these four points; ‘Team, capital, Clear vision, Exposure/Education’. These four points are very important; a company needs a team because it is not a one man thing. Capital will be needed to execute vision and keep the engines turning. Clear vision is a call to discipline and attention and exposure/education should not be undermined; we have seen how industries are evolving.
source
So which does a start up need first? Personally, I will go with clear vision. A company without vision is blind from inception. We cannot conclude if the capital you have will take you where you are going when first, you don't know where you are going. It is like taking $100 dollars and telling your friend I am traveling, will it be enough? First, where are you going? The neighboring town, another city, another country or continent. It may do for the first two but the last two will definitely wear off $100 dollars and you will end up stranded.
Vision is more like spotting out the unique problem you aim to solve and strategizing your brand to meet up. In short, a company with vision knows when they are derailing. It is like traveling with a map and changing course along the way; wrong turn. The consequences here are time and resource wasting and until you track your route back to course, summarizing it in business means bankruptcy.
To conclude, let me add, there is much about a business vision. Don't underestimate making it as clear and precise as possible. If you will have to write a long note so you can pick out vital words one after the other, please do so. When I was trying to answer why I wanted to launch this company, it was exactly what I did. I had to explain first in many words and TRY to write it down.
As we speak, I have been able to get a chunk of our vision. If I am going to update it later is what I do not know but even the current vision makes a lot of sense when considering where we are going. The team will have to come and work on the vision, education and exposure will have to align also to fit vision and so will capital be channelled to make this vision a reality.
