What to do when one has no business idea and no business capital? The good thing about the query, received through email, is the obvious interest in doing business. It’s important to note that much of the risk in doing business lies in the insufficient understanding of the nature, requirements and prospects of the business. Peter Drucker, widely regarded as a management guru, succinctly noted that “entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.” There is, therefore, everything to gain in asking questions, especially for new entrepreneurs. Continue reading
It’s easy to talk about business and entrepreneurship — how it’s done, tips in running a successful business, top business prospects for the year, business ideas with huge potentials, and just among the myriad of topics that could be discussed by just about anyone.