I was with a client of ours the other day and we were talking about a joint venture they were looking into doing. Like a lot of third sector organisations, they were big on vision and ideas but a little thin on practicalities. And I found myself saying what I often say to leaders of spin-outs.
Which is this: it's very bloody hard to grow a business without investment. Financial investment. Personal investment. A commitment and a choice to take the risk. An intrinsic understanding that you can only get massive results if you're willing ot make big calls. Let's call it the Investment Principle.
I have, when I think about it, tried to live my own life by it, whether I consciously called it that or not. I seek, where possible, to be an Investor. Why? Because the he stand-out people who I admire most are, for me, those who invest. They take risks with their time. They give freely - but selectively. They put their reputation and money on the line ...more