Tuesday, October 7, 2014

Poem about courage on the journey of life

The Journey’ by Mary Oliver


One day you finally knew
what you had to do, and began,
though the voices around you
kept shouting
their bad advice--
though the whole house
began to tremble
and you felt the old tug
at your ankles.
‘Mend my life!’
each voice cried.
But you didn’t stop.
You knew what you had to do,
though the wind pried
with its stiff fingers
at the very foundations,
though their melancholy
was terrible. It was already late
enough, and a wild night,
and the road full of fallen
branches and stones.
But little by little,
as you left their voices behind,
the stars began to burn
through the sheets of clouds,
And there was a new voice,
which you slowly
recognized as your own,
that kept you company
as you strode deeper and deeper
into the world,
determined to do
the only thing you could do--
determined to save
the only life you could save
.

Monday, October 6, 2014

Difference between Entrepreneurial ability and Managerial ability:Are both important for entrepreneurs?

Entrepreneurial ability is the ability to recognize an opportunity and acquire the necessary resources to exploit it while the managerial ability is the ability to maintain the profitability of a business.

The successful entrepreneurs need both abilities as they determine the destiny of their businesses.They enable the entrepreneur to recognize a business opportunity,acquire necessary resources to exploit it and then formulate a business while ensuring that the business is making profit.

Reference

Firtzsimons J.R & Douglas E.J.,(2005).Entrepreneurial attitudes and entrepreneurial intentions cross cultural of potential entrepreneurs in India,Thailand,China and Australia. Babson-Kaufman Entrepreneurial Research conference,Wellesley MA

Thursday, October 2, 2014

What should it be called environmental degradation,negative entrepreneurship or entrepreneurship?


This is one of the things that is going on in developing world.Making charcoal which implies cutting down of trees is order of the day.This is done at the expense of environment and sustainable development.

Alternative energy could be the good solution as people must use energy for food preparation

Thursday, September 25, 2014

UNETHICAL MARKETING BASED ON LIE



This is one of the announcement on HIV AIDS cure that I saw in South Africa.This is a lie of the highest order.Many marketers are marketing things they can't deliver just to get cash.This is absolutely unethical marketing.

With such type of marketing one can win some quick money for a while but in the long run such marketing campaign can not deliver.

Tuesday, September 23, 2014

Time Management Lesson



What you have to realize is that we are all human, we are all born and we will all die in 200 years period time. 

It’s what we do with our time in between that makes us special. Moreover, it’s our habits, actions and beliefs that separate us — not anything else.




Friday, September 12, 2014

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.

Tuesday, September 9, 2014

Dreaming and Doing your dream



"There are those who work all day. Those who dream all day. And those who spend an hour dreaming before setting to work to fulfill those dreams. Go into the third category because there's virtually no competition." 

~ Steven J Ross.