Skip to main content

The Eagle in a storm (Part 4).


__"If you find yourself in a hole, stop digging."


 By Dr Strive Masiyiwa

There’s a story told about a businessman who went to see a close and trusted friend.
"Things are so tough," he began to say, "I feel I'm in a deep hole and every day it just seems to get deeper."
"Tell me the problem," the other man asked sympathetically.
"Everyone is against me," his friend said emphatically, then began to list all the people who had undermined him and wanted to take over his company. It was a pretty impressive list.
After a while, his friend chipped in: "It appears almost everyone is trying to destroy you?"
"Absolutely!" And he continued to give more detail of people and things that had conspired to undermine his business.
"So what are you going to do?" his friend finally asked.
"I shall fight and fight."
The friend listened and then gave this advice: "I noticed as you were speaking that you yourself do not believe that you have contributed in any way to this situation?"
"No, I have not contributed in any way at all!"
"I see. So what will you do?"
"That is why I've come to you for help. I need to borrow some money to see me through this problem for the next few weeks." The friend then politely declined to give the man any assistance.
I personally would not help such a person. Do you know why?
# If you find yourself in a "hole" for whatever reason, the first thing you must do is to stop digging and making the hole bigger.
# People who refuse to accept responsibility for any situation they’re in will only make the situation worse by the actions they take. If you have a problem to solve in business, don't get distracted by looking for scapegoats or trying to mobilize political support against perceived enemies. This is why many state-owned enterprises (parastatals) find it so difficult to solve business problems.
# If you want others to help you, you must first stop digging, let go of the shovel, and allow a trusted someone to give you a hand up!
# To move forward, you must dust yourself off and analyze honestly how you got yourself into that hole. While you may feel a bit defeated, don’t just drown your sorrows with drink or other destructive and time wasting habits. An eagle in a storm must be alert for danger and opportunity at all times, not at risk of slamming into a cliff or falling into a different kind of hole!
What is the Japanese proverb? “Fall down seven times, stand up eight!”
To be continued . . .

Image Credit: Shetzers Photography



Strive Masiyiwa's photo.

Comments

Popular posts from this blog

The 18 Uganda Business Registration Procedures In Uganda

Reserve your company Name at the Registrar's office. Duration 2 days and Cost UGX 25,000 To reserve a company name, the Investor files a company name request at the Office of the Registrar. A clerk conducts an automated search and forwards the application to a staff lawyer. The Registrar reviews the application and, if the application is approved, returns it with the assessment, which the Investor takes to the bank. Upon paying the fee, the founder receives a receipt that is used to complete the name reservation. Pay registration fees at the bank. Duration 1 day You need to make all non-tax payments to government agencies at a bank. Obtain the necessary incorporation and Tax registration forms from the Uganda Bookshop. Duration 1 day and Cost UGX 5600. The fees for each of the required incorporation forms are as follows: Statement of nominal capital: UGX 500. Declaration of compliance with the requirements of the Companies Act (Form A2): UG

A guide to funding options for your start-up

  By   Jo Burston 15 January 2015 Ahead of our Google Hangout on funding, Australian serial entrepreneur Jo Burston takes us on a whistlestop tour of alternative funding sources for your start-up. Every entrepreneur wants the very best shot at investment, whether that’s angel, seed, venture capital, institutional or private funding. This means becoming highly investable as an entrepreneur and being deal ready. Most new entrepreneurs struggle to navigate this process and often do not have the knowledge, experience and resources to create a successful first time outcome. There are many ways to fund your start-up, here are some of the most common. Self-funding Self-funding is often the most common way for a start-up to fund a venture, usually consisting of small amounts of saved cash or credit card facilities. Mortgaging an asset such as a home is also common if the entrepreneur is at a later stage of their life. We have seen self-funding range from as little as a $1,0

THE GAME OF MONEY(WHO IS INDEBTED INTO WHOM)

The name of the game of money is 'who is indebted into whom'. the more people you are indebted to the, the poorer you are, and the more people you have indebted to you, the wealthier you are. that is the game. W e are all indebted to someone else, the problem occur when the debt gets out of balance. Unfortunately the poor people of this world have been run over so hard by the game, they often can't get deeper into debt. If you have too much debt, the world takes everything you have.........your time, your work, your home, your life, your confidence, and then they take your dignity if you let them. The biggest reason why everyone is in debt is because money itself is debt, our currency is not an instrument of equity, but an instrument debt. Every shilling is backed by an IOU guaranteed to be paid by the taxpayers of the issuing country. As long as the world has confidence in in the Ugandan taxpayer to work and pay for the IOU called money, the world will have confidenc