Jul 272010
 
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You as an entrepreneur must be resourceful; if you are not, your venture is highly unlikely to succeed – this is obvious.  Not as obvious though, is the need to teach all of your employees and business partners to be resourceful as well.  The key word here is teach – resourcefulness does not come naturally to everyone, but like perseverance, it is a key ingredient to success in any venture.  As I always heard Mac say, “spend your creativity before you spend my money” [I think Mac may have gotten that one from Jack Welch, if I remember correctly].  This is an extremely important mindset that must permeate the very fabric of your organization – everyone must constantly be looking for ways to conserve cash, to make the most of the resources you have, and to identify other resources that without careful scrutiny may not appear to be worth much.  Also, “that’s not possible” should not be part of any discussion; everything is possible – it’s just a matter of having sufficient motivation to find the solution.  Teach your team to look for resources and solutions, rather than whine about challenges and obstacles..

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