by Cdr. Bud Slabbaert
Ever heard of LILO entrepreneurship? LILO stands for "a little in, a lot out". No, no, not “late in– late out”. It’s no joke. ”A Little Less Talk and a Lot More Action” fits better in the pattern. The LILO type of entrepreneur does not use business plans and opts for an immediate try-out at a minimal expense instead. Self-efficacy and creativity are typical competencies. Their enterprises are set up with a minimum of start-up capital and are designed to operate at a very low cost. The financial risks are low but when successful, the gains ...
To read more: https://www.smn-news.com/index.php/st-maarten-st-martin-news/41833-lilos-needed-in-the-caribbean.html
