If you have sufficient funds to start a business and eventually become a business owner, then does it mean already that you turn into a business minded person? I don’t think it is. One should work on it and ensure that he develops a working and established mindset for a successful business, therefore he needs to be more strategic in order to become an effective business minded individual.
Anyone can own a business and become a business owner, but not everyone is entitled to have a sound business minded asset, as it’s not inherited but acquired, learned and developed.
Exactly what you are saying is very true. Just having funds does not make someone a business minded or a successful entrepreneur. I think here mindset, habits and strategic thinking play a big role. Many people think that if they have money or assets they will automatically be able to make the right decisions, but the reality is different. We have many people here who earn a lot of money in their jobs but cannot do business. Because they cannot manage risk well. In my opinion, business success depends not only on assets but also on your learning, ability and strategic mindset.
It is necessary to have the right financial management mindset, when you can use your money properly, only then you can create more different sources of income, everything cannot be achieved by having capital alone, you need the right mindset, strategy, and management. When you can make strategic decisions through research, maintain the right mindset, and continue to improve by learning from mistakes, then success will eventually come.
