According to Mr. Konosuke Matsushita, we as a person and business; challenges, set back and problems will happen and it happening everyday and it part of us. However, it is depend on us how do we facing its, finding solutions and moving forward.
Ultimately, from personal perspective whether this challenges create/due to/impacted by our self as an individual Or our external environment. Or may can said controllable or non-controllable by human being.
From SME biz environments, founders or CEO own mind set and experiences can share with us most of their challenges are due to lacking of personal and professional development in areas of multi-discipline fields or by not having multi talented in his/her team members. During the tough times, most of biz having cash flow challenges. How they try to solve its?
High Risk taker - Will take loan from bankers by providing Grade A financial statement with high volume of income and profit margin; willing to pay more taxes as proved for bankers.
Moderate Risk taker - Will take several actions to understand in detailed of working capital items and it potentially can be improve immediately or short term period, study of products and services margin ratio and risk/reward analysis; collection and repayment time frame; cost reduction policies; generate more revenue stream etc. BEFORE apply for new Loan from bankers.
Ultra High Risk Gamblers - will by new, fancy and luxurious CARS & Houses, then expected people will doing more business with or for him. "because i am ...."
What we found, many successful business person are person who are HUNGRY for knowledge and wisdom, ATTITUDE of NEVER, NEVER, NEVER GIVE up; Balance in Life and Family relationship; Accountable to the TEAM, Society and Country as well.
Together Everyone Achieves More.
Tuesday, October 6, 2009
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