One of the dynamics of business growth is that there is a collaborative effort to be undertaken by both the business owner and those associated with the business, be they investor or patronizers, because both parties play a significant role in fostering good business growth. This article addresses the role both parties play in seeing that a business plays a significant role and the need to build a business around creative minds and good partners.
To foster good business growth, there is a need for it to be built with good partners who understand the challenges, breaking point and breaking throughs that the business in question is posed to have. It is not enough to have investors believe that the only interest they show in the business is about money but they lack the necessary understanding that will break through business and there are understanding investors willing to support it beyond what money can do.
Most of the good businesses we see around with good initiative and better sponsors when it comes to money collapsed as a result of the partners of those businesses having only money to offer without other supports outside of money. Show me a prospering business, breaking grounds and limits and I will show you understanding investors who don't just put in there money alone but there time and other mental and business ethics that facilitate the day-to-day running of the business.
The Mentality that Functions Under Stance and Difficulty
There are moments in business dealings and transaction where what is needed to overcome these moments isn't the funding from investors and partners but the right mentality, which will cause the required travail and the needed victory. One awful thing about this is that most business investor don't understand this and think it is all about money, so they keep on funding but the required breakthrough isn't gotten. This is where knowledge and its power come into play.
The moment of stance and difficulty in a business normally happens or becomes too obvious when the competitor has outclassed and outsmarted an already existing product owned by the business and shown a great dominance over the market, such that the original starters of the product would feel like giving up or taking a brake. Literally all businesses have faced this but few have survived it because not all know the secret and how to handle this trying moment. Most of them give up on the way and sometimes when they are close to the breakthrough,. The company behind Coca-Cola knows about this moment and that is why they still stand the test of time even now.
To win during this trying moment, pumping more money or increasing the stake in the business isn't the right step to follow, as the effect of this is that money and production would increase as a surety but the required sales target per day or month wouldn't be realized and the money pumped in would be lost, making it more like a bad investment because the required capital and division aren't anywhere to be found. The gateway to winning is, first of all, sticking with all the workers, the investor and all the supporters of the company. Having to sack everyone and dispatch them to their tent isn't a good way to solve it because a house divided by itself can't stand.
Secondly, a thorough investigation should be made to know what really happened if any of the workers leaked concrete information or so.
Thirdly, the win-win mentality should be re-inculcated once again; dealing with this will give an overhead advantage and the necessary amendments should be made so that what is needed is gotten.