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Nairaland Forum / Nairaland / General / Business / Passion Alone Is Never Enough In Business (1016 Views)
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Passion Alone Is Never Enough In Business by malik11599: 12:00pm On Nov 09, 2015 |
Are you working and are think about starting a business? Do you have various business ideas and are not sure which of these ideas to pursue? Then what you need is an Idea screening and generation test, this will help you determine which of your ideas will be most profitable/viable. Many people are filled with various ideas but ending up doing the least profitable one because they simply allow their passion alone guide them in choosing their business ideas, not that passion is bad; in fact passion is the only thing that pushes the business to succeed when the business is facing tough times and believe me tough times will come but starting a profitable business is not ALL about passion or the spirit of enterprise, rather it is about passion, business management, a steady flow of capital and many other factors. To be successful as a business person you need to be sure that the business you are passionate about will be profitable, relevant to your environment and that your chosen business will satisfy a need or will be in line with a rising trend. Many have failed in business even though they are doing what they are passionate about because they did not take the time to screen their various business ideas at inception and now the business is struggling. For instance a person passionate about pig farming might struggle in the Northern part of Nigeria while the same farmer will experience greater success in the southern part of Nigeria; Similarly starting a luxury car hire service might do well in Lekki but poorly in Mushin or starting a mobile food van service in ipaja might not do as well as it will do in Victoria Island. Environmental scanning is key in starting and growing a business and this must be combined with passion. I was called to consult by a retail LPG dealer who loves his business and keeps borrowing to make the business viable because he looks at the profit margins and they are good but unfortunately his business management capacity was poor and hence the business was drowning in debt despite his passion for the business. You need a screening testing on all your business Ideas because most times passion is never enough. 1 Like 1 Share |
Re: Passion Alone Is Never Enough In Business by Lilimax(f): 12:21pm On Nov 09, 2015 |
malik11599:So true! It's true that Passion is key before going into any business but it is not all about passion; your business idea must pass through the innovation funnels for it to come to fruition. The generated idea must be screened, the concept developed and tested. The marketing strategy must be developed followed by business analysis. It is only when these criteria are certified that you'll be talking about test marketing before product's launch. ![]() 1 Like |
Re: Passion Alone Is Never Enough In Business by malik11599: 12:34pm On Nov 09, 2015 |
Lilimax:Yes the combination of all these process is what I like to call Total Business Development; taking the holistic view in ensuring that the business you are passionate about becomes a success. |
Re: Passion Alone Is Never Enough In Business by mooriales: 6:40pm On Nov 19, 2015 |
you are right. tell us more about it. how can one get started? |
Re: Passion Alone Is Never Enough In Business by malik11599: 3:17pm On Oct 16, 2017 |
* Are u trying to apply for a grant,bank or government loan? * Do you need a business plan?* Are you running your business or is your business running you?* Do you have various business idea's but you are not sure which one to do? * Guess what? We have a quick solution for you.... For more Info, contact: 07067192028 or 08029495381 for your business assistance. We have helped a lot of businesses...why not let's help yours now!!!! |
Re: Passion Alone Is Never Enough In Business by malik11599: 9:29am On Oct 17, 2017 |
Various organisations have issued out grants and low interest loans this year to help small businesses survive this current strong macro-economic headwinds affecting their businesses, and issued capital to start-ups with relevant solutions to start their businesses, whilst creating jobs to boost the economy. Ensure that your business is in pole position to receive financial assistance by having a well-articulated business plan with relevant projections. Are u trying to apply for any of these grants, bank or government loan? Do you need a business plan? Are you running your business or is your business running you? Do you have different ideas but you are not sure which to do and will be most profitable? Do you need strategies to help drive more profit in your business? Are you struggling with getting the right pricing for your product? Are you trying to move your business from the idea stage to development stage? Guess what? We have a quick solution for you.... For more Info, CONTACT: 07067192028 or 08029495381 EMAIL: malik11599@gmail.com for your business assistance. We have helped a lot of businesses...why not let's help yours now!!!! |
Re: Passion Alone Is Never Enough In Business by malik11599: 4:03pm On Oct 17, 2017 |
Various organisations have issued out grants and low interest loans this year to help small businesses survive this current strong macro-economic headwinds affecting their businesses, and issued capital to start-ups with relevant solutions to start their businesses, whilst creating jobs to boost the economy. Ensure that your business is in pole position to receive financial assistance by having a well-articulated business plan with relevant projections. Are u trying to apply for any of these grants, bank or government loan? Do you need a business plan? Are you running your business or is your business running you? Do you have different ideas but you are not sure which to do and will be most profitable? Do you need strategies to help drive more profit in your business? Are you struggling with getting the right pricing for your product? Are you trying to move your business from the idea stage to development stage? Guess what? We have a quick solution for you.... For more Info, CONTACT: 07067192028 or 07067192028 EMAIL: malik11599@gmail.com for your business assistance. We have helped a lot of businesses...why not let's help yours now!!!! |
Re: Passion Alone Is Never Enough In Business by malik11599: 9:46am On Oct 19, 2017 |
Your Business needs a road map, it needs a coherent vision and it needs a plan to ensure its sustainability. There are so many advantages having a bankable business plan will give you; contact: 07067192028 or 08029495381 for your business assistance. |
Re: Passion Alone Is Never Enough In Business by malik11599: 8:59am On Oct 25, 2017 |
Are you involved in manufacturing or online business? Then we have the right strategy to help your business grow as we have practical experience in this field(including agriculture) that can help your business grow. Contact: 08029495381or 07067192028 for details. |
Re: Passion Alone Is Never Enough In Business by malik11599: 10:37am On Oct 30, 2017 |
Measurable actions in regards to your business involves setting achieveable objectives for your business and setting a time frame to meet these objectives. Without being intentional about your business there will be little or no growth, with your best achievement being sustainability. Don't be passive with your business, get a business plan and advisory today and let your business move forward. Contact: 08029495381 or 07067192028 |
Re: Passion Alone Is Never Enough In Business by malik11599: 12:03pm On Nov 06, 2017 |
Great ideas require strategic planning and execution. Any attempt to implement a great plan without a detailed feasible report and a strategic deployment of resources will confine the idea to the dustbin of mediocrity which might latter lead to the death of the idea. Do let your ideas go to waste, let us help you with your idea generation and development. Contact: 08029495381 or 07067192028 or malik11599@gmail.com |
Re: Passion Alone Is Never Enough In Business by malik11599: 1:09pm On Nov 09, 2017 |
Value + Positioning = Strategy Do you know the actual value your product/service is giving to your customers. Have you positioned your business in such a way that it is consistently able to deliver to customers while meeting a specific need? You can't afford to continue running your business the way you are doing it now and get a different result. Please Contact 08029495381 or 07067192028 or malik11599@gmail.com for assistance. We have helped a lot of businesses let us help yours. |
Re: Passion Alone Is Never Enough In Business by malik11599: 7:53am On Nov 16, 2017 |
Being in business for 10 years is not what matters, rather it is your capacity to grow the business and take it from a 10,000 naira business to a 1,000,000 naira business that really matters. Don't let the recession keep your business down, contact us and let's find proactive ways to move your business forward. Call: 08029495381 or 07067192028 or write malik11599@gmail.com for further information. |
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