When I wrote my article about importance of a “busines plan”, I had directed it in the matter of getting bank financing for your busines. You don’t really need to prepare it your self and if a bank requires have one done, get somebody familiar to this bank regulations to guide or even write it for you, because the most likely reasons for the bank is to estimate and find out the risk of an industry you are be doing a business in. In this case, you need to know the bank CURRENT policy, the one outlined yesterday, is probably in this credit chaos not valid anymore.
This plan will end up in a trash can of the loan officer and even more importantly, should end up in YOURS.
But, if you even think to start and go on the road called entrepreneurship, you should, or even better Must have a plan in order to have any chance to succeed. This kind of plan you have to create for yourself. You should start it by trying to estimate your own personality. I said try to estimate, because in many cases further down the road, many of us find out, that we are not who we thought we are, simply because on focusing and observing anything and anybody around ourself, we don’t really pay attention on our true being.
Make it simple in this article, I see entrepreneurs either as a “Hunters” or a “Farmers”, I know it is more complicated than that, but it will help me to keep this post relatively brief.
Those are the ones having the idea or expertise in one of industry, the plumbers, electricians, car dealers and other retailers, or even people involved in real estate. Form being just a self- employed, they crossed the line to the entrepreneurial world by creating some kind of system around their expertise. ( adding a people to various positions) They constantly growing their “farm” by re-seeding and re-planting their own “crops”, they methodically expanding the ” Southport Ranch empire”
Or call it action entrepreneurs if you like. Those are the ones, constantly looking and searching for opportunity, they have the instinct to know one , when they see one. They have no problem to “jump” in the type of business venture yesterday had no clue about it. Their motto is..: ” You don’t need to be a cook in order to run or own a restaurant!!” While many times seen by others as a “nuts”, they are the risk takers by nature. I must say, that I think in my point of view, they don’t hunt the prey just to “kill” and eat, but many times to “domesticate” it and further more to use it just like the “farmers” do.
The beauty of not knowing exactly from the beginning who you actually are by personality is, that when you build your farm ( just like I did for years), one day you look over your fence, see the other type of stock and crops out there, you finally realize the possibilities of catching it and “domesticate” it, that one day , you decide to go get the “traps” or ammunition and Do it.
On the other hand, the ugliness of not estimating your own self soon enough, could mean the danger, that if you fall in love for hunting, you may have all the traps and ammunition planted or seeded in the field within your own fence.
It is interesting to watch my own “personality” evolution and I must say ( no shame here), that you can call it surprise for me.
Well, I let you think about your own-self and it is not my business to say what kind is better for biz. success. But for the long term plan is good to know…
Are you a Farmer, Hunter or even Predator ?? Think about it !!