Long lasting readers will be aware of my hiatus from the blogosphere front. Having been overwhelmed with the
laziness turbulence of my daily grind my blogging has suffered uncontrollably. Nonetheless I return with a concept which should provide food for thought.
The Prodigal nature of a new business owner is common, if not expectant at times. Therefore, it is imperative that strict rules and guidelines are set in place to ward them off. A useful one is to limit the amount of time (doesn’t have to always be in the monetary sense) spent devising the next steps. Ah, the gem that is procrastination. This is something which I unfortunately know all too well. Through better management of your time you can be assured that you will free up some time (that you didn’t knew existed) to get other equally important jobs done. And thats just one example which springs to mind.
On the other hand, the Projector (in the Adam Smith sense) is all but out to project ill-concieved schemes to the public. All around us we are rubbing shoulders with these agents. Be it our bank managers roping us in with a hefty interest laden loan or a supplier shifting you shoddy…well…supplies. This is where I believe the term ‘Business Acumen’ truly comes into fruition. This ability to make good judgement can save you a hell of a lot of your time and money. However, inevitably only through going through
shit highly-prized-life-experience do you genuinely develop a feel for true business navigation in the real world.
How do I distinguish the signals from the noise you say? simply by keeping your wits about you and remaining focused.
Unfortunately, such is the nature of business to constantly be bombarded with ‘Prodigals and Projectors’. It is your job to keep them both in check.