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ENTREPRENEURSHIP SHOULD NOT BE YOUR ECONOMIC DEVELOPMENT STRATEGY OF LAST RESORT

One grave mistake that some uninformed individuals make is the assumption that venturing into business becomes expedient when all other attempts for success have failed. In fact, this mindset alone is enough foundation for fatal business failure. Many people are facing the toughest times of their lives, having squandered fortunes in their businesses without any remarkable milestone to show for their years of futile engagements. It’s primarily because many are not supposed to be in business in the first place.

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Business is not all about mere buying and selling. It is a unique endeavor that requires proper planning and requisite personal preparation: mentally, emotionally and physically. No stone must be left unturned, including all required knowledge acquisition efforts through various platforms of trainings. What comes first in venturing into business isn’t money. Hearing this may have stunned you probably. Not money, but mental and intellectual preparation regarding the particular area of business. Don’t enter into that business because you have all the money to bankroll it, venture into it because you are truly sure of your readiness to build a business. Until you are ready, stay in your line of expertise, especially if you are not naturally gifted to be in business, and you know you are not willing to learn the rudiments of business

Those who enter business just because they have been frustrated in other faculties of life, may never find the happiness they really need coming into business with such a shallow mindset – the motive is already faulty. No trace of passion in their intention, neither any objective that suggests they are willing to go for the required knowledge. However, just anybody without any special business gift can succeed in the business world if he/she is open and willing to learn all the basic laws and principles that guide business.

In a nutshell, to build or to succeed in business, go for correct and current knowledge.
The scripture reveals that, “…people are destroyed for lack of knowledge [not for lack of money, materials, or talents]” Hosea 4:6 [EMPHASIS MINE].

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