Why NOT having money can be a good thing

by on 28/04/2014

Business Coach essex The appeal of the wild for me is its unpredictability. You have to develop an awareness, react fast, be resourceful and come up with a plan and act on it – Bear Grylls

I am the Chairman of a local Enterprise Agency.

This agency provides FREE mentoring to start-up businesses in the Tendring District.

Local business owners volunteer their time to mentor start-up’s…

We operate without any money.

We do not get any funding from the government.

As a result, ‘the agency board’ thinks its way out of challenges instead of throwing money at problems.

Often we want money to solve business problems.

We think we can spend our way out of a challenge.

When we don’t have money, it encourages us to ‘think’ our way out.

When we don’t have money, we can focus on the fundamentals.

When we don’t have money, we become more resourceful.

With money, we expect to buy resources.

In that process, we forget to become resourceful!

Don’t get me wrong.

Money is NOT the problem here.

When we have money, we stop thinking.

When we have money, we stop focusing on the fundamentals.

When we have money, we stop becoming resourceful.

No wonder many start-up businesses fail after they receive funding!

Join our Profit Hub, work on your fundamentals, and learn how to become resourceful.

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