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There is a person who says "I have money to invest but i don't have any idea about business" what will you advice him?

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Question added by padmakumar pathiyil , Marketing Consultant , Management Consultancy
Date Posted: 2014/11/09
zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

TAKE MY MOBILE NUMBER ,,, I ATTEND EVERY CALL ==== LOLZ MAY I HAVE SOME THING TO TELL HIM DIRECTLY.................. GOOD LUCK SIR

Bhojraj      Dahal
by Bhojraj Dahal , Operation coordinator , L’Oréal

Hire me right now with handsome salary. Forget the rest ...;)

Yasir Rafique
by Yasir Rafique , Senior Career Counselor/ University Counselor , IB Excellence Academy, Lahore

Lack of ideas means stagnancy. A person who has money but don't have any idea should do a market research first before starting any business and when he thinks he is ready then he should start it from small scale. Hire a good sales and marketing staff to promote his product. Last but not least he should have some one with innovative ideas to improve business strategies. 

Doha Shawki
by Doha Shawki , Independent Organizational Development & Human Resource Consultant , Datum International Data Systems

Two pieces of advice:

 

1- Decide which market he wants to invade? what does he want to do? what product or service can he work on

2- Choose the right person, the person he can trust to be his partner and put for him the strategy and the actual plan to start working.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Before you invest, educate yourself. You need to understand what investment options you have, how to read financial statements, how to analyze stocks (for quality, valuations, financial strength, growth potential, etc), as well as how to avoid investment scams and pitfalls, and where to find information. Warren Buffett, one of the most successful investors ever, had read every investment book he could lay his hands on (at least100 books by his count) before he turned twenty.

hussein alTaeey
by hussein alTaeey , Head of internal communications, corporate communication , Zain iraq

put your money in a bank,

Money buys everything. You've got to hire a business consultant/business advisor or a business firm who works for others to establish their desired business in return of money. Hire some enthusiasts who will do anything to achieve something and I am sure they will take your business to the level you haven't even imagined but give them the opportunity and space they need.

LABIB KOOLI
by LABIB KOOLI , Director of the Sectoral Center for Training in Hotel Technologies at Southern Hammamet , Tunisian Vocational Training Agency (ATFP)

COME TO MY DESK AS SOON AS POSSIBLE !

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

A Trust Worthy Partner-- acquaintance with a strong and Reputed Business Partner.

Saleem Khatri
by Saleem Khatri , Head of Finance , Berger Paints International

I don't mind having a50 -50 partnership with him, his investment will be money, my investment will be business ideas ... ð

Aashish Khurana
by Aashish Khurana , Ex : Marketing Manager - International , Quad Life Sciences Pvt Ltd

Sir, nice one to judge an individuality .

 

This ? will have an answer from my side Sir as - Leader at the top has no vision presently, so as an employee, i should always think twice before talking to such a person. Because, Money can be wasted in projects & if he/she could be just running from one boat to another seeing the best prospects and will land up no where -then i am at a position - so making things clear in front of him/her - That I am sharing My View , but have a little doubt which would like to first clear in front of you & then go to your answer and say all -whats written above to him .

 

Now, coming to what i wld convey him/her : Sir, please do a market research for the idea being purchased from the person who with his/her idea should give a financial planner . Take a partner who has market knowledge to assess- both reports of MR Activity Report (3rd Party report ) & Financial Activity Report ( Given By the Idea Provider... Mr X )  . Get a thorough grass root report from Marketing Angle from the partner by then - A complete feasibility report is prepared for your goodself & now take a call further with your partner . Whats his / her ideas on the same . Take Gods name & get going if it is feasible .

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