Saturday, November 8, 2008

Parenting your Business

Much in the same way parents would think about their child, entrepreneurs must be concerned about business. The love, the health, the development must all be considered in the context of external factors.

From birth your project needs you to provide its nutrients, shelter or location, security and attention. A gestation period is important for you to prepare or plan for every foreseeable and unforeseeable event. A good plan must include how to deal with intangibles when difficult situations arise, if for one reason or another you are unable to provide inputs on time or some tragedy affects your ability to function, the plan must address and point to solutions to give you the strength to carry on.


In childhood your responsibility is to educate and protect. With the right guidance and unwavering support the foundation to success is established during this period. Rules and routines are set and followed to achieve a sense of order, dependability and stability in the young life, so that trust is established between all stakeholders. This is not the time to lapse or hesitate, you must have a definite answer to all questions, because you are building a foundation on which rests the future. Hence, a support team of others who have knowledge and experience to guide you becomes crucial.

Adolescence brings many new challenges as boundaries are tested as part of the learning and growing process. Hopefully with right and wrong clearly defined, your role is to guide and motivate, encouraging commitment and dedication to positive thought and activities not just following the pack. Mostly, at this stage you must introduce time management, discipline across all tasks and show how all activities and duties are connected to the main objective. Sports and other social projects can help to teach loyalty and respect for policy and process.

As a young adult your project needs room, space to make its own decisions and mistakes, to face its own challenges while you, from a reasonable distance, make certain that the mistakes and challenges do not lead to its own demise. A little mistake can be the best lesson, let it happen. Many little mistakes or a large one is a call for help, step in immediately. Do not let your name or image be demanded or be brought under disrepute. Discuss the mistakes and potential solutions to enforce and strengthen the development process.

With maturity, your project now, with a mind of its own, has full responsibility for its mission, the protection of all stakeholders’ interest. Protection, which may drive it; to marry or merge, to give birth or acquire others and to expand vertically or horizontally, as needed for future growth allowing development to take place from generation to generation and idea to idea.

Rationale

T.A.J & Associates Company Limited uses this occasion to comment on topics that have been covered, both academically and by the mainstream media, to add its opinion and point out investment opportunity, not to invoke any social action.