Professional Documents
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Mind Vs
Mind Vs
Money
Entrepreneurial environment is full of challenges and the entire team is bound to face them. Now
the question is, what is more important, mind money, as both are vital elements for an
entrepreneur.
For established entrepreneurs, mind is more important than money as they have already invested
as well as earned, and now they are in the stage of expansion. New entrepreneurs prefer money
more over mind as they want to settle.
Money transforms ideas into reality. As we know ideas comes from the mind; without mind
money may not be properly distributed and utilized. Money affects the economic activities
whereas mind affects the activities of the firm.
Mind is the route of creative idea, leads to innovation. An idea shows the mission and vision
whereas money shows the way to achieve that mission and vision.
Internal factors
External factors
An organization should always be ready for everything and anything that the future holds. These
changes may be desirable or undesirable. Some changes are made by the entrepreneur for self-
benefit however these changes are not constant in nature.