Moving Beyond Money Excuse to Starting a Worthwhile Venture

There is virtually nothing you wish to embark upon presently that doesn’t require money. You need money to set up your business, fund your education in the school, establish an NGO, or bring your project into reality. Money is one of the determining factors for your success in life. The Bible says: “Money answers all things.”

However, in spite of the importance of money, we should not use lack of money as an excuse for failure. One common problem with us is not really that we don’t know what to do to succeed; our problem is that we allow money problem to hinder us from bringing our great ideas into reality.

Dear reader, if you have a great idea and you have been making the excuse that you don’t have the money, then, after reading this article, you are going to learn why you must abandon your money excuse and start taking the steps to bring your goal or worthwhile venture into reality. Please read on.

Not Money, But Ideas

The starting point to achieving great success in any project or venture you wish to accomplish is realising that money is not really the problem but ideas.

It is true that we need money to start our business, project or venture. But it is not true that money is the main problem. The main problem we are having is problem of ideas. When we have money problem, we should remind ourselves that this money problem can be solved. And what we need to solve money problem is idea.

Granted, you need money to establish your business, project or venture. But what have you been doing concerning the money you need? Have you sat down to think of what to do to obtain the money you need? Have you taken time to brainstorm and generate the ideas you need to solve your money problem?

If You Don’t Have Money, Look for Something Legitimate to Do to Get the Money

No matter how difficult the economy may be, there is always something you can do to get the money you need for implementing your project or business.

If you have farming background or you have access to farm land, instead of remaining in the city idle, why not relocate to the village and embark on farming to generate the money you need? If you make up your mind to venture into farming, you can generate the money you need from farm activities.

Many people have abandon farming and fled to cities thinking that things will be easier or better in the cities. But no sooner had they arrived the cities than they realized that things are also difficult in the cities.

If you are in the city, you can also think of legitimate job you can do to generate the money you need. Remember, you don’t need all the money to start. You can start with any amount you can afford. I have read in OUR DAILY MANNA, a very popular daily devotional booklet, where the publisher shared his testimony that he started with only 200 copies of the devotional. He said he borrowed the money he used in publishing the devotional from someone.

Today, this devotional has gone multi-national. The devotional is sold in over eleven countries. The bottom-line is: START SMALL. LOOK FOR A LITTLE MONEY THAT YOU CAN START WITH. WORKING TO GET A LITTLE MONEY SHOULD NOT BE A PROBLEM. LOOK FOR SOMETHING LEGITIMATE TO DO TO GET THE MONEY YOU NEED.

Always adopt a problem-solving attitude. There is a solution to every money problem. One solution is to sit down and think of anything you can do to generate the money you need. Work to earn the money you need to start your business, project or venture.

If You Don’t Have Money, Look for Sponsors

For every great idea, there are people who have the money and are willing to finance the venture. If you have a great project or idea, it is your responsibility to look for sponsors.

If you an author, playwright, singer, script writer, film maker, inventor or business person, the fact is, you may not have to labour to raise the money you need to execute your project. You only need to look for someone that will buy into your idea.

Note that you have to work on your idea by adding more value to it and packaging it well. Make your ideas attractive and then start looking for sponsors.

In a radio interview at Kapital FM Radio FCT-Abuja years ago, INFINITY, a group of musicians, who sang the popular track, Olori Oko, explained how they took time to polish their songs. After that, they went round from one potential sponsor to another until they found one who believed in their works and agreed to sponsor the production of the Olori Oko album. The album recorded great success.

IF YOU HAVE A GREAT IDEA, ADD VALUE TO IT AND GO OUT TO LOOK FOR THOSE THAT WILL BUY INTO YOUR IDEA. YOU WILL DEFINITELY FIND SOMEONE THAT WILL SPONSOR/FINANCE YOUR IDEA.

If You Don’t Have Money, Look for Partners

If you have a great idea, but you don’t have money to bring the idea into reality, you can look for a person who has the money and is willing to partner with you in the venture.

This type of arrangement is called “joint venture.” It is a kind of partnership where two or more people come together to run the venture and share the profit.

The difference between sponsorship and joint venture is that a sponsor is not a part owner though he is entitled to the proceeds that emanate from the venture; while a person involved in a joint venture contributes capital, shares in the profit and is also a joint-owner of the venture.

In a joint venture where you bring the idea and another brings the money, the person bringing the idea would normally demand higher income from the proceeds but you that bring the idea still stand to gain greatly from the proceeds.

IF YOU HAVE A GREAT IDEA, DON’T HESITATE TO LOOK FOR A PERSON WHO WILL PARTNER WITH YOU BY CONTRIBUTING MONEY TO FINANCE THE EXECUTION OF YOUR GREAT IDEA.

If You Don’t Have Money, Go for Loan

From practical experience, solicitors will tell you that one major way people obtain money to run and expand their business is loan.  They approach banks and apply for loan, mortgaging their land or house.

The banks won’t hesitate to give them loan since they are providing collateral securities to safeguard the transaction. And since the businesses the applicants are doing are viable, they don’t have problem repaying the loan and the interest.

If you have a great idea and you have collateral security, e.g., land or house, and you are willing to take a risk, you may go for loan. The great business people in the society are obtaining money through loan from bank to run their businesses.

Conclusively, to move beyond money excuse to start something worthwhile, you need to realize that money is not the problem. The problem is idea. To get the ideas to solve the money problem, you have to sit down and think.

And until I come your way soon, go and generate the ideas you need to solve the money problem, and start pursuing your goal and bringing your ideas to reality!