Throwing more money

ByAdemola Morebise

Throwing more money

Anytime we hit a challenge at our business, our first response is to throw more money at it.

You need more people to know about your upcoming conference? Simple, let us buy more ads and that should fix it, right? Not really. The challenge with this default response of throwing more money is that you can never throw enough money into the mix, someone with more money will turn up and throwing more money leads to only short term gains.

Throwing more money today would likely yield at best short term gains. But a visionary businessman knows that she needs to optimize at all times for the longer journey ahead.

What we really need is a little more wisdom, a well thought plan will always win over money. Things get more interesting when the real thing we need to throw at it is patience and not more money.

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Watching The World

  • Konga is about to launch KongaPay and I think this is a true game changer. (I am definitely not the only one to recognise the similarities here, right: Alibaba, Aliexpress and AliPay.)

 

About the author

Ademola Morebise administrator

Ademola Morebise is an Inventor by Night, Business consultant by Day and a Teacher in between. He writes the #TMP daily devotionals for upwardly mobile professionals.

1 Comment so far

Considering the money first – The Morebise PostPosted on4:49 am - Jun 27, 2015

[…] and then start looking at how we can get it done within our budget. I have earlier argued that throwing more money at a problem does not necessarily solve it, we need to make more thoughtful […]

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