Is it true that we don't accomplish much due to lack of resources?

May I please comment to the above well sugar-coated “catchy” photo with caption which says, ”Never start a project unless all resources are available”

May I start with the question; do you think all the successful people start and accomplish their projects with enough resources at hand?

Though the words in the above photo sounds well and good, no project will ever come into being with this type of thinking as the resources are always not enough. Remember the economists’ old adage that resources are scarce.

In my opinion, this type of thinking is good for economists, accountants, marketers, sociologists and even to strategists who have no idea of how the Morden economy is run; for entrepreneurs this type of thinking is not reasonable and credible because in entrepreneurship field project accomplishment is opportunity creation based rather than resource driven because if the opportunities are perceived as significant, resources will be found and mobilised to exploit on discovered opportunities(project).Entrepreneurship is thus idea driven rather than resource driven.

Thus, we don’t have any reason to think that we don’t accomplish much because of lack of resources because many successful people had as little resources as we had at a certain time in their lives yet they accomplished great feats.

May I also put forward a definition of what entrepreneurship consist of, a definition given by Stevenson, Robert and Groesbeck (1985) they argued that entrepreneurship is a field that is concerned and driven by perception of opportunity rather than resources currently controlled by individuals.

This implies that instead of saying I can’t start a project as I don’t have much resources; it is better to do a homework on what should you do to capitalise on the opportunity found in the project. The former thinking will make one to postpone every project that comes on the way, while the latter will make one think of the way or possibilities to capitalise on opportunities found in every project that he/she finds on the way.

‘’WHEN YOU BLIEVE, YOUR MIND FINDS WAYS TO DO IT’’

Reference

Stevenson H.H., Robert M.J., & Groesbeck H.I.,(1985).New business ventures and the entrepreneur. Homewood, IL: Irwin.