Acumen Fund describes “patient capital” as not to seek high returns, but rather to jump-start the creation of enterprises that improve the ability of the poor to live with dignity.”
Ashu (Ashutosh Tiwari) and I are both fans of Acumen Fund. And we believe what we are doing in our group, “Entrepreneurs for Nepal”, complements their efforts by setting up a “patient systemic process” that helps in the effective implementations of “patient capital”. In our frequent brainstormings, we found ourselves always coming back to this central theme, “being patient, being persistent, and building organizations with this combination of patience and persistence.”
A “patient systemic process” involves spending time patiently but persistently building systems in place in your organizations, into your career or into your businesses. In the context of Nepal, we have got to invest more time and energy into learning how to make resilient systems with processes built by patience but persistence. This means building system of processes in almost every end goal in your business/organization, whether it is dividends, team-building, organizational growths, profits or career growths.
Once you have processes in place, the system will be resilient.
Please post your comments in whynepal.com and continue the discussion in our facebook group, “Entrepreneurs for Nepal”
here are the transcripts of the last thursdays series of the Entrepreneurs for Nepal group in September. It is based on an interaction with a Swedish investor and a nepali CEO.
Jonas Lindblom (Swedish Investor in Nepal)
“The market in India is very complicated and it is difficult to do business there. There are many middlemen in India and various agents are involved in almost every sector. But in Nepal, it’s simple. There are few people in entrepreneurship and everyone knows each other. Nepal is simpler for a foreigner like me and its way too easier to do business in Nepal. That’s why I came here,” said Swedish entrepreneur, Jonas Lindblom.
Lindblom is running two companies in Nepal – Artamus Nepal (P) Ltd. And L&L House of Commerce (P) Ltd.
Artamus Nepal focuses on Internet Marketing for European clients and L&L House of Commerce is a trading and investment company. The latter company focuses to introduce high quality products from Scandinavia and export unique Nepali products to the European market.He shared his ideas about investing in Nepal from a foreigner’s perspective here during September’s Last Thursdays Entrepreneurs Speak, jointly organized by Samriddhi, The Prosperity Foundation and Entrepreneurs for Nepal.