Capital includes the materials you use for the job and the tools you use.
For instance if you are building a fence you could build a single strand electric, a 5 strand barbed wire, a stone wall 10 feet tall, a woven wire fence or a chainlink fence. The decision is based on your capital and your purpose - a single strand electric is not going to keep in goats and you wouldn't want to build a ten foot stone wall around a small garden. Your purpose must guide you, but the route to the goal is up to you. If you are keeping cows in a pasture any of these would work. Thats when you choose based on your resources or capital.
You must examine your resources in any venture. the logical equasion looks like this:I want A =( B+C+ D+ E+F+G ) H, how can I use B C D E F G and H to make A.
B C D E F G &H have to in include labor , cash , and materials, supplies, and tools and help.
So we will call them Belief, Course of action,, Determination, Equipment, Finances, Goals, and Human Resources.
Back to our fence. We must first believe that there can be a fence built with the resources we have. Say, in this case we are keeping in donkeys.So a donkey proof fence can be built on the land we own with the resources we have.
Course of action
Then we concoct a course of action -we plan the fence out - OKAY it is a triangle shaped pasture to keep donkeys in. It covers 12 acres of hilly meadows and and forest. There will need to be 3 corners, 29 braces and 2 gates. It'll have to cross two creeks. It will need to be especially strong on one border, by the horse farm. This is when you do your research also to see how to cross creeks with fences and go up and down hills and what kind of fence will actually hold a donkey.This is the planning stage.
Determination
This is when you check to see if you are sure you believe in the course of action enought to go through with it, you check that the resouces you plan to use are viable. I have 300 poplar 5x5s 9 foot long -"Can I use them for posts? (NO poplar rots too fast ) - What if I pay someone to pressure treat them - yes if you are that determined you can build a fence with that."
Equipment
This is where you see that you have or have access to the tools and equipment to do the job. You gotta figure builidng this big of a fence you will need a truck or trailor, maybe a tractor a post hole digger or driver, hammers and pliers and a spinning jenny if you are making a high tensile wire fence, levels, whel barrows, gloves and hammers and a chainsaw and wrenched and fuel tanks for your other equpment ropes and strings to lay your fence out with , a drill for drilling your gate posts to recieve the hinge pins. The better the equipment you have, the easier it is for you to get a job done.
Finances
The thing most people think anbout capital is liquid capital or cash. Cash can buy the concrete for the stone wall, the wire for the other types of fence and can hire help in construction. Cash is wonderful but unfortunatley it is also rare so must be used sparingly with a mind towards return on the investment - you wouldnt want the concreted in steel posted profeessionally installed chainlink fence for a leased property where the lease is only for a couple of years. There would be no way your product, in that short of amount of time, could return your capital investment , much less provide you with a profit. Finances can also include all the economics of procuring materials and even human resources if your project is of such a pressing nature to nesitate hiring help.
Goals - while an ultimate goal of project completion is the final result, the small goals along the way are what getsyou there. If you know you will eventually get the whole fence built the 100 feet of post holes that are basically digging through rocks don't seem so bad. The days you get out when you have a cold and don't really feel like it or the days when it is snowy and rainy and you still work on your project.
Human Resources - this is your staff -which on many small farms is just you , maybe a spouse or signifigant other, kids, neighbors, or friends. You have to treat these folks well, including yourself because they are where the rubber hits the road. Two people can do more than twice the work of one person working twice as long. Three people workng together can be a rarity and four or more is downright unusual.
Finally "I" for any of the others to work its needed for input from "I" the person with the goals and finances and help and determination and plan for the job to get done.
So back to our fence. I believe I can build it. I have a course of action to get it built. I am determined to get it done. I have the needed equipment and finances to do the job. I have the help or human resources to do it.
Now another goal courtacy of http://watchout4snakes.com/creativitytools/RandomWord/RandomWordPlus.aspx
we will examine: surgery- my random word today.
We are wanting surgery; we believe we can do surgery; we plan out the course of our surgery; we are determined we are going to do surgery; we get the needed equipment and finances to do surgery; then get out friends and famiy to help up with surgery.
and another
Slobber
We are wanting to slobber, we believe we can slobber, we plan the coarse of our slobber, we are determined we are going to slobber, we get the needed equipment and finaces to slobber, and then we get our friends and family to help us slobber.
Aren't random word generaters great?
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