Entrepreneurial Ideas will grow the economy, create
opportunities and increase jobs. Hence, pointing out growth sectors and industries,
with unique competitive advantages, for the nation’s targeted focus
development, shows the
need for Nation Building EDUCATION. This Economic Expansion can only be
driven by persons encouraged and respected, with lessons to produce and
strengthen a feasible Strategic Plan. A strategic plan,
from which a Prospectus to Equity Investors and a Business Plan to Debt
Lenders, can be extracted. It is such a dynamic detail strategic plan which pushes the
entrepreneur to achieve the mission day in and day out towards the successful
attainment of their vision.
This dynamic detail strategic plan must be
constantly analyzed to adjust its level of progress and to judge, its
developments at predetermined stages, to be continued or abandoned. Therefore,
the Business Model which is Constantly Transformed will
be monitored and reported on its
viability going forward, guiding prudent strategic actions, based on other Entrepreneurial
Ideas, Industry Innovation, Operation & Maintenance backed by Initial
Contributions or New Investments. Preservation and Growth Discussions and Decisions to Continue,
Transform, Preserve or Abandon the Business Model is judged by the Free Cash
Flow, which is projected to be generated, in the short to medium term.
The Strategic Plan must give comfort to
all types of investors. Persons investing time, talents and cash, having
intrinsic interest, in the venture’s progress. The original idea, the research
and development, which strengthens the venture are carried out by investors of
time. Further academic study and vocational and practical know-how are done by
investors of talents. And along these paths, initial cash contributions are
invested to bring the strategic plan to a stage of readiness. Ready to be
promoted to the cash, Equity investors and Debt lenders, willing and able to
fund the venture’s capital requirements to its optimum and most efficient size.
In between this process, as the idea takes
form, the people, that will suffer the most, are people emotionally attached to
the Entrepreneur, without access to the plan, without interest in reading the
plan and without foreseeing of clear benefits to the project’s progress. Such
Persons are supporting the idea by giving comfort, in cash or kind, to the
venture’s founders via a sounding board or living expenses. Persons not trained
or experienced as a mentor, in most cases, blindly encouraging and motivating the
entrepreneur without any commitment to share in an uncertain future achievement
but are assured to be involved in future failures.
Family and Friends are the ones at
greatest risks. The entrepreneur must be exposed to Mentoring and Parenting
to understand the responsibility they have to their investors. This Idea
Promoter must share and force to be shared, in common language, the dynamic
full detail strategic plan, with its risks profile, implementation timelines
and stage measurements, with all, time and talent investors. While, only
extracts are shared with cash investors, the full thinking needs to be
understood by Support Providers. Persons, who provide the entrepreneur with the
essential, non-idea, support, are of more value to achieving success than all
other crucial inputs.
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.
