[Basics of business]

The ins and outs of business really are a world on their own that but anyone in business finding self without can be a mess. I say this after having watched such a storyline unfold on television not so long ago in a daily drama.

Some of the people who are in business today are generally in for a quick buck and out the scene in a speed of light with huge chunks of currencies to their name. This is to a lot what being in business is all about, but not a solution that world economies are in dire need of.

If we are to do something with expectation of good results it’s only right to do that right and so is with business. How do you expect to secure an investor if you don’t have the faintest idea what an investor is or what a trail balance is before talking of a balance sheet. I see a fist clenched my way but it’s true and you know it, though not pointing at you but rather generally speaking. It’s important for anyone who wishes to go into business to learn a bit from research and also liaise with existent players in the field about the industry they feel like casting their net into.

Going in blindly not only portrays naivety but also the level of one’s cluelessness. What the aspirant entrant ought to do is be patient and gather as much insight as possible prior to launching that attack or else risk losing your hard earned savings or worse, an investor’s call capital.

Basics such as USP, equity, capital vs budget, shareholder vs stakeholder, target market vs target audience, and so forth, are some of those jargons that you need to have a firm grasp of. I remember hearing someone asking her business partner what the difference between value chain and supply chain was, and but the partner with no shame answering her that she doesn’t need to know such as long as they can get that "supply tender" in that her knowing and unknowing of that answer making no difference as it’s not required in the tender bid document. What came to my mind was; 'loving money doesn’t mean you worship it, dwelling much into it though suggesting but otherwise as its victim of enslavement' [1], and I pitied the partner for partnering with such an ignorant young sole for that’s the attitude some partners face in their journeys to success or failure.

In conclusion: to some degree, every person is a lay person at some point, thus the importance of never stopping to learn. In order for us to move forward we need to see first if the shackles allows for our movement. In so saying, meaning that we should visit the idea of going into anything we wish to first before diving in.

With business, you’ll never stop burning fingers no matter how seasoned you are and but with good timing a novice can teach an old hog a trick if not two. But truth, is nothing can replace experience and passion...dp 

 [1] by Kgele Leso.