A Good Investment Grows With Good Business Skills
The definition of an investor is simple. To me, it is one who makes the decision to invest his money into some activity with the intention of making it successful and in the process providing jobs for people. The businessman on the other hand is the one with the knowhow and skills who makes the business successful and generate profit.
I believe there is a big difference between the two and sometimes problem occurs when the two are confused. It is hard to tell an investor to give his money to the businessman and he will generate money for you. This is especially hard in the Dominican context, where we go by the notion it is my money I want to manage my business. This is sometimes the primary reason that a potentially good business fails.
A good businessman is one who ensures that the business success, that the marketing strategy, right product and the right consumers are targeted. Their primary goal is to generate profit. This is not a bad thing, because with the profit they can reinvest and also undertake social activities as a corporate citizen.
Don’t get me wrong there are indeed investors who also are businessmen, and when we get that mix we see a successful business venture with various different branches and subsidiaries.
We need in Dominica to start to get our investors to adopt the mindset of a businessman or at least to trust their finances to a businessman to generate interest and wealth for them and ultimately the country.