Venture Capital


In starting a business you can use the help of family, friends, and children. You can use the garage and the basement of quarters. You can borrow furniture and equipment. But after all the resources of family and friends have been obtained, there is still the need for some hard cold cash. It takes a little money to pay for things like raw materials, telephone, postage, letterhead stationery, and possibly some salaries and wages. This start-up money is sometimes referred to as seed money. It may be the most venturesome kind of venture capital.

To improve the probability of success in starting a new business, it takes the right kind of person with the right kind of business concept. More than that, the person should be a particular point along the career path and the business concept should be timely in the context of perceived consumer values as well as current technology. Even with the right person at the right time, and the right business concept at the right time, there is still the need for venture capital to give the new business a chance to win in the marketplace competition.

Venture capital is liquid assets invested in an unproven business. Money placed with a proven business enterprise for its prudent use can be thought of as invested capital. Money placed with any other business enterprise is at risk to a greater or lesser degree and can be thought of as venture capital. There are few enough proven business, and it is easier to identify and describe one of them than it is to try and describe one of the many, many unproven businesses.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Lectures, Line of Sight

Learn from Operations of other Organizations


There is nothing wrong with learning from other organizations. You should search each reasonable source for ideas that you can adapt—don’t be afraid or too proud to borrow ideas from anyone. Remember that to copy from one person is plagiarism, to copy from lots of people is research. If you offer a service, you might start by looking at the operations of a highly successful service provider. You can learn a lot by walking around companies and thus see how they have tackled their decisions about location, layout, capacity, product design, process design, performance measures, logistics, stock control, technology used, staffing, pricing, amount of vertical integration, maintenance and replacement, and financing.  When you look for improvements, see how other organizations have solved similar problems, and don’t be afraid to borrow good ideas.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

The Emotional


Unless you are more powerful than a locomotive, faster than a speeding bullet, and able to leap tall buildings in a single bound, minding your own business will be emotionally taxing. The mental and physical energy you put into it will at times leave you quite spent. If you don’t know how to refuel and refresh properly you’ll find yourself constantly out of sorts, fuzzy-minded, and ripe for depression. Even when things are on track, if you’re the type who has a prosperity for “borrowing trouble” the mere responsibility of failure is enough to keep you skittish and in knots. Of course, when problems arise matters can become all the worse since the buck both starts and stops with you. If you have only yourself to kick for a problem and lack a healthy sense of self, you could end up abusing yourself. Needless to say, when things go away through no fault of your own, the frustration, if not properly handled, can be devastating. Moreover, until your business begins to pay off you will be susceptible to bouts of doubt and second-guessing that can be debilitating.

 If after having counted all the costs you’re still undaunted about starting a business either immediately or in the near future, then it’s time to get all your ideas and expectations down in black and white by drawing up a comprehensive business plan.

 My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

Handling Classified Information


Systems for classified material handling have been developed by professionals in this field and perfected over the past 100 years. Mainly, this work was performed at the US government level. As the need increased for similar controls, business borrowed the techniques and adapted them to a somewhat less restrictive environment.

 The first step in the process of limiting access to information is to identify thespecific information to be protected and decide how  limited that access will be.

 In business, three classifications are sufficient for almost every need. Reference to these “levels” of secrecy will be according to their government names—restricted, secret, and top secret. Those in the public sector also classify information according to type, which groups financial data, real estate appraisals, research and development programs, production schedules, and so on.

 One production document might be “restricted,” while another is “top secret.” No matter what the level of classification or the topic caegory under which it is classified, leaks are possible. But because the number of individuals with access to the material shrinks at each classification stage, so that far fewer managers are able to see top secret documents than restricted matter, leaks in higher classifications are usually more easily detected, and those responsible more easily defined.

Make certain your group understands this. While all material which has been classified must be treated with care, documents in the highest secrecy category will most likely cause greater concern of revealed. So these will receive the greatest amount of checking and investigation after a leak is discovered.

 My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

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