Monday 14 October 2013

"...When it's not your turn" – McNulty (Season1 )

Unlike McNulty, in the real world positive and determined individuals stand a much better chance and have a higher probability of success. However, if people are self determined and not dependent upon someone else to make their opportunities it is always “your turn” with the appropriate product or service. It takes all sorts to signpost you towards business opportunities and to be a mentor, Bubbles (Season, 1 “The Wire) acts a mentor to another addict, in a business scam. When taking advice from a mentor you have to make sure the mentor is reputable and follows their own tried and tested advice and has the results to show for it. Beware there are many charlatans out there some might even tell you that the time is not right or it’s not your turn yet.
 Ideas are in abundance. We all know people with passion, vision, ambition and a real desire to make a difference with their new ventures. Lack of effective execution is the number one reason for failure in my opinion. Execution begins when you have validation of your idea (e.g early sales) and have made a significant commitment to your business e.g. received investment, quit your job or re-mortgaged your house. You must get out there and meet real customers in their world. Witness them dealing with your product, procuring and using your services. Only then can you really know what’s really going on.
 Watch who you get into business with, Watch who you get into business……..do you get the message? Try to avoid getting into business with a Bubbles type person if you want profit on your capital spending.  Manage cash flow with surgical precision and do not ever hide bad news from yourself or others.  Look after yourself. Manage your capacity and keep in touch (in person not on-line!) with the other world.
 If you accept supervision agree on the methods of supervision. What attitudes and behaviours support the supervision process; what undermines the process and what areas have potential risks? If possible sign a confidentiality contract if you are divulging aspects of your business to your supervisor.
To make it your time, research opportunities and read evaluations of products and services and think critically ways and means of improving on these.

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