Tag: Turn challenges into opportunities

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Moments of Change


We, humans, use time and space to measure change, or the rate of change. The units differ depending on what we measure. Astronomers use light years, builders use meters, and quantum physicists use nanoseconds. No matter the unit, change is constant, within and without us. Furthermore, time is a concept represented by space. Have you ever seen or touched a minute?

Some changes happen regardless of our observation. Others force us to listen and have our eyes wide-open. What change has made you stop and think deeply, lately?

Resisting change is a common human mental habit. Other creatures flow with change in the environment surrounding them. Have you heard of a tree resist shedding its leaves in October to grow new ones in March? Or a flock of birds decides to stay in Alaska after the first sign of winter?

Whether we see change as an opportunity and flow with it, or consider it a threat and strive to prevent it from happening, most changes are natural and inevitable.

In business, change always hit the three vital elements of a project or a venture: Time, cost and resources. These three are interrelated in ways that are sometimes mysterious. Shorten the time, and cost goes up. ‘Restructure’ the organization, and time extends on its own terms.

What we must stay fully aware of is the following:

When you plan anything, make sure all variables involved are on the table.

What does that entail?

  • Know your financial capacity
  • Have key resources present
  • Understand, right from the main stakeholders, the time limits placed upon what you’re planning

My intention in this post is not to give you a project management crash course. You can find ample resources online and off-line on that. The intention is to raise our awareness, in life and in business, of the changes passing through our lives without us noticing, appreciating and effectively utilizing them.

One way to approach this is to start a journey of raising our awareness of both attention and intention.

While one’s attention could easily sway and wonder, following the feed of the five senses, and the flood of unguided thoughts and feelings, this can dramatically change if that attention follows a well-thought-of intention.

Attention could be the most valuable gift we’ve been given. It’s like a beam of light that we can focus on anything we want, intentionally or unintentionally. And that is the key lesson here:

Let’s choose, as much as we can, to focus the beam of our attention intentionally.

However, to do that, we need to have intentions, to begin with, don’t we?

How to set good intentions will require its own post. For now, it suffices to say that each one of us needs to set aside enough time and positive energy to know, write, and commit to a set of intentions that spans the dimensions of his or her life and business (as if they are separate 🙂

As that evolves, and as we re-shift our attention to be more and more inline with the intentions we’ve set to ourselves, those passing changes I mentioned above will become visible and accessible.

In conclusion, accepting change as a fact of our being, and then using the energy it presents to reach higher levels of awareness and achievement, is a prerequisite to true success.

Post Photo by Jeremy Thomas on Unsplash

TWM

The image below shows a recent addition to our StoreFour‘s Digital collection (a positive change), in case you’d like to use a new technology to measure time in conjunction with your cell phone.

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The Wealth Algorithm (9) – Conclusion


 

So far, we’ve covered two out of the four steps mentioned in article (6) of this series. Namely, the business plan and funding options and processes.

One quick note about the funding options presented in the last article. Most of those organizations are based in the US. They offer their “services” to US citizens or US permanent residents only. Before you start working with an online funding entity, please make sure it supports your country. The concept is fairly new. It might not be available everywhere. It’s starting to emerge in Canada as we speak, but it’s more established in the US so far.

Assuming you’ve found the right source of funding for your venture, and prepared your business plan, now you need to work with the funding institution to present the business plan and obtain the funds.

If you went the route of online funding, most of the work would be electronic: Emails, completing online forms and applications, and probably by the end, some phone conversations. Be prepared to answer a wide range of questions, including personal questions. To some extent, this process may be more demanding than job search.

As long as you clearly know what you want (your intention), and how to achieve it (your business plan), you’ve already covered more than half of the distance!

Keep in mind that funding organizations are business-oriented. They want to make sure that by investing in your idea and your plan, both parties would create a profitable business. This insight needs to be clear throughout your presentations. You are not asking for loans or charity. You are a business partner, who is ready to use the offered capital to generate a positive outcome for both parties.

Once a verbal agreement is reached, the details must be documented in an Investment Partnership (TM) Agreement (IPA). The IPA would become the “constitution” of the project. It specifies the objectives, the parties involved, the timelines, rights and responsibilities, the way profit and/or loss are shared, and so on.

Carefully read the agreement in full, and check if you agree on all its provisions, before you make any commitment. If something is ambiguous, or contrary to your original understanding, never hesitate to voice your concern, till you and the funding party reach a mutually agreed-upon formula. This is your right as a business partner..

Next, as you start receiving the funds, you begin executing your business and action plans, day in and day out, till you attain your clearly set intention, and successfully satisfy the terms of the IPA.

I’m not promising you that the road will be rosy all the way. There would be some challenges. Use your capacity and wisdom to convert those challenges into new opportunities. This is easier said than done. Deal with them, one by one, as, and if, they come.

All the best,

The Wealth Maker