My decade in business: Anyone can think, but not everyone can do
“Business” is a word increasingly heard in almost all conversations that take place on our daily lives, a trend set to continue for generations, especially the fact that jobs are hard to come by these days. I can’t tell the exact cause of this trend but I believe that success in business is ignited by entrepreneurship spirit .It is a decade today since I ventured into the world of business as an investor. Since then, I have heard a lot about business although I initially believed that I knew almost everything about this phenomenon, but after ten years, I can confess in fact I did not. I started by investing in a Sydney based company owned the then a neighbor ten years ago but didn’t even know there would be a time that such a thing as a start-ups would come to rule the world in a manner which Facebook and Twitter among others came to dominate the technology industry. The venture and risk taking I did it out of passion. I love business and like to share business tips on this blog, and I know that many other people love business too. So with time, I have developed plenty of commercial applications and customized systems available for clients on almost every single platform. One of the key drivers in my business engagements has largely been driven by passion and “crazy ideas.”
Businesses is about proving an assumption and in my opinion, there are two terms that people always confuse and can’t differentiate, start-ups and SME. But they can actually and be easily separated. To me, small medium-sized enterprise starts with a business, to do something for profits from the beginning. Start-up is whereby there’s something you are not so sure will work but you are trying to find the answer. My decade in business has been driven by passion that has helped me pick up my pieces whenever I bite the dust. The success rate of start-ups I have been involved with either in funding or solution development as a team are about 64 per cent on average while others have succeeded beyond that level while three failed spectacularly. Such measure processes have taken anywhere from three to seven years. In one company, as the founder I had to be with it almost every single day for at least the first four years. Believe me, if you don’t love what your doing, just six months will already too long. But as well, to be full of passion doesn’t mean you will be success. Through my experiences, it means that you will have to be with the project until it is successful. Failure has been part of the ten years as well but have no regrets. Success stories of businesses around the world comes after failure and in the business ecosystem, failure is not an issue. Over the years, failure has been an answer to the question of whether idea I’ve had works or not and has presented me with a learning curve. That’s why I commemorate this day and remember it courtesy of my private library records.