Enough resources can be squandered through poor management, also, not enough resources is already a poor management system. Just imagine you wanting to plant a bean seed and you came to realize the seed has been halved. How about just managing to plant the half, perhaps, it can just sprout up. Something has already been tampered with and this fate will end in futility. Full beans or no growth
It is just like the financial markets, any ecosystem or token that lacks the needed liquidity can do little or nothing in the long run. There is nothing much management here. We have seen such transactional fate over time. Token stamina fails and many are left with a worth price below 50%.
To even add, the difference between web2 and web3 right is anchored on enough resources rather than just poor management. Yes, we know, some hype and FOMO projects have risen and died down over time. It lacked the needed utility when digging from the base.
source
Nevertheless, there are other promising projects, we can talk of some things going on within the Hive ecosystem. One of those watch outs can even be HBD and how it can affect the general economy on a broader scale. So what's the limitations; enough resources? As I said, we have seen USDT and USDC scale because they are in the hands of those who have a say in infrastructures.
Looking at another such example, If it will take 100 litres of motor fuel minimum to reach a destination, 90 litres won't do you any good. It will be much better if you don't even embark on such a Journey rather than finding yourself stuck in-between. That 10 litres difference stands to be that vital. Most times we complicate the difference between minimum and true minimum.
It is just like planning to run a luxury brand without having luxury products or even operating in an office that looks luxurious. Yes, you will have to invest, miss this and it will seem as if you are running a poor management system. In short, enough resources equals standard.
The essence of this article is to expose us to some business model limitations that small scale entrepreneurs battle with and while it may seem the entrepreneur is that bad the first challenge is that he is yet to even hit the minimum. So what brought about this article? A conversation while working in the office made my partner imagine how some people manage their business so poorly.
source I am not trying to ignore poor management as being an underground rat in a business. I had to also let him know that some fail because their resources are not enough to even talk to management. Consider the difference between a roadside kiosk and a supermarket. In the former, a customer can decide to walk in and price goods and also even go with it without making instant payments. That debt can hang in there for as long as you can imagine.
How about the latter; ok, first, every goods in a supermarket has on unbargainable price tag. Secondly, you are not moving out with any of those goods until you have paid the last dime. There is no guy-man talk here. The CEO is likely not to be around and ALL you are dealing with are the sales personnels; yes, much is invested also helping to sponsor the needed coordination.
To conclude, let me add, many small businesses are failing or becoming unprofitable because they haven't been able to hit some minimum standards of operation. At least, from my experience currently in the small scale I know what I mean and this is why I strive daily to make sure this brand appears out the way it ought to be. A lot of things hang in here; pricing, job inflow, customer type, job type (contracts rather than just single jobs) and adding to that, unarguable pricing and timely payments.
It can be a pity that some businesses fail even before it kickstarts. Being a successful entrepreneur entails accepting later seen flaws and improving if indeed you wish to stand the test of time.
Posted Using INLEO