Tuesday, 15 March 2011

Ancient teachings that still apply today (Part 4 of 6)

[3] Look for alternative ways to achieve your goals. In Ancient Rome, individuals with vision faced similar obstacles as nowadays. How do you fund trade expeditions? Which goods should you import and export?

Entrepreneurial men in ancient times quickly realized that the traditional Roman approach to business finance, a mortgage on a piece of land, was inadequate to conduct commercial enterprises. Through trial and error, they created different types of partnership contracts that have evolved through the centuries into our modern venture capital funds.

Do not give up when traditional methods prove unsuitable to carry out your ideas. Seek further until you find a practicable solution.

To be continued in the next post.

[Text: http://johnvespasian.blogspot.com]

[Image by randystoreyphotography under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]