Principle of Entrepreneurship Maintenance

The Hannibal Principle

Wisdom for Today

  • Don't look at the bars but instead look beyond them. All of us have paradigms that dictate how we view our world and ourselves. Unfortunately, some of our paradigms have been built on inaccurate data and often become psychological bars that tend to incarcerate our minds and disrupt the creativity of thinking. Some of the obvious bars we construct include racism, sexism, classism, physical attributes, perceived wrong, past injustices, or lack of education, to name a few Our tendency to focus on the bars serves only to empower them, thus diverting valuable human energy from more productive entrepreneurial tasks such as defending our market niche, developing a winning business plan, and identifying sources of capital for our ventures.  

  • Learn to expect great things from yourself and others. The starting point for any human achievement of value is your belief in and desire to achieve the object of your dream. You become what you think about. If you think that all is lost and that you cannot win, you will achieve what you focus on.  

  • Assume full responsibility for your economic well-being and prosperity. Whenever you disown a problem, you relinquish all power to solve it. No one in America has the desire or conviction to fix the economic problems of the minority community but its members. Although the economic quagmire they find themselves in today is not totally of their own doing, the solution and dedication to resolving their perplexing issues must and will come only from within that community. 

  • Aggressively seek to build win-win relationship with other minority firms and with mainstream firms. Very few companies today can stand by themselves for long. Some experts predict that the successful companies for the new millennium will be those that develop strategic and mutually beneficial teaming relationships with other companies.  Minority and women entrepreneurs must not limit themselves to teaming only with businesses of similar ethnicity and gender. They should instead follow a parallel track and develop partnerships with any groups that seek to achieve common goals. Above all, make sure that the relationship is a win-win one so that becomes a lasting and rewarding experience for both parties.  

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