When starting a business theres what we call the ideal and the real.Certain practices are ideal but may not be realistic in the start.
I will share with you a story. Theres a media company we were trying to start up about two years ago. We were hired as consultants on the project but unfortunately alot of our advise was not listened to. When the vision bearers of the idea started out they had this great amazing idea. A big picture of what they were trying to achieve or rather put up and as they saw it is how they wanted to put it up.
Having an idea is a great thing. Having a big dream is a nice thing but the reality in most cases is big dreams are implemented in small bits and gradually over time. So they hired a big place, furnished it, even hired workers and started paying them and feeding them before any content/product (to be sold) was ever generated, before the set up was fully done and they ended up with redundant workers on a payrole they in end failed to manage hence closing down with over 300M wasted.
Jaluum Herberts Luwizza is a Speaker,Writer, Columnist with the C.E.O Magazine and Contributor with the Nile Post.He is also a Business Consultant with YOUNG TREP East Africa’s No.1 Business Management and Consultancy firm that helps people start and grow profitable businesses.twitter:jaluwizza
0700155232 | 0787555919 | whatsapp 0716223986.