“The Power of Leadership”

I recently attended a presentation by a group of want-to-be entrepreneurs who were seeking significant sums of capital to fund the start-up of business ventures.  I was taken aback by the size of their capital ‘needs’ and their expectations for immediate income to pay themselves for operating theses ventures.  All of this apparently to come from one of these mythical “Angel Investors” I hear about.  I felt comfort in not being the only one walking away from this presentation thinking there was a serious disconnect from reality in the program and the participants given that we really saw nothing that was clearly creating any significant new value for the world.

Today, I’ve seen comments from Dan Kennedy on this exact subject, which helps bring clarity to my thought that your business simply must be bringing significant and distinctive value to the world or your days are numbered at best.

Dan was asked for advisement by a client citing “lack of capital” as the largest obstacle in his business:  Dan replied that “I once thought that was my nemesis too.  It wasn’t, it rarely is, and it probably isn’t yours either.”  He continued to say, “If you can’t make money without money, you won’t with money either.”  “Resourcefulness trumps resources.  If you truly understand and connect yourself to the emotional drivers of your customers and can communicate that and can put a good product and proposition forward, the matter of capital will take care of itself.”  Dan concluded, “Money can, but does not automatically, beget more money.  But absence of money will never stop a good start.”

“He who is of the opinion that money is everything may well be suspected of doing everything for money.” – Ben Franklin

Have a great day creating value!

Shawn
Performance Institute – A Global Leader in Human Capital and Business Development

Russ M. Miller, LLIF – Chairman and CEO

Sunny Hong Zhang – Managing Partner – China

Shawn M. Miller – Managing Partner – USA

P.S.  Your thoughts on our Thoughts are valuable to us and other readers; please post your comments in the Reply box…