Many people did not expect the lockdown and a lot more had no plans in place for the long stretch of time that has elapsed. The world thought it was just going to be a few days, at the most a few weeks. Then, it would be back to work and back to life asContinue reading “How lockdown caught many with their pants down”
Tag Archives: investment
The value of experience!!
Experience is all about sharing what you know and directly or indirectly giving back to the community.
2012 – Differentiating between time spent and time invested
There is one thing that is common to all mankind. One universal gift from God or nature whatever you believe in. Whether you are male or female, old or young, married or single, a public servant or a privately employed worker, a professional or a labour worker, an entrepreneur or an intrapreneur, a student or a graduate we all have been given 24hours in every day for all the days of our lives. We go to bed at night and wake up the morning of the next day, go to work or school come back home or go out clubbing or relaxing. In whatever way our routine is we have 24 hours in which we have to execute them.
CHARACTERISTICS OF A SUCCESSFUL BUSINESS
A successful business has characteristics (just like living things) that stands it out from a business that is dead, about to die or is just surviving. The characteristics of a successful business is the same as that attributed to living things except for one part – whereas living things grow old and die, a successful business grows and does not die. It continues to live on and gets better, expands as it gets older.
The characteristics of a successful business are 8 distinct features that are abbreviated as – MR NIGER S. Below are the 8 characteristics of a successful business:
TALENT AS A BUSINESS OPPORTUNITY
Every one of us was born with a unique talent (a special ability) that stands us out of the crowd, with it we noticed and identified. Michael Jackson was born with a voice and talent of dancing, Tyra Banks was gifted with a body ladies would die for and the camera loves, Mark Zukerberg created an
LITTLE DROPS OF WATER OR A DRUMFULL OF WATER: The best way of doing business
Why? Basically, the main reason behind this (as research has shown) is corruption, a hunger for quick success, lack of trust and accountability, personal gratification for amassing liabilities instead of assets. We want others to know we have arrived and so we must buy the latest and most expensive cars, live in expensive rental flats or mansions and have on our arms the expensively clad lady. This from a guy that is just starting out and probably got a loan from the bank to start.
“Give me my money upfront” he says. The partner from the United Kingdom says, “We will agree to give you 5% for every sale that you make for the next two years. A contract will be signed to that effect.” But no! The Nigerian Businessman would insist on an once-in-a-lifetime fee that will be gone in a flash due to expensive living and not continuous flow. We forget that accumulated benefits,
Best form of financial freedom!
Like it is said in the book, “Richest man in Babylon” set aside 10% of your income and ensure that this income don’t just sit somewhere. They must go out and work for you and in working must also multiply themselves. So that your income will have children, grand children and great grand children, that way the generation of your money and investment will not be wiped away.
PRACTICAL DAYDREAMING: A TOOL TO PRODUCT DEVELOPMENT
What stands these two men out however is that they are ARTISTS. Not musicians or anything that has to do with media, I mean painters. They draw and paint! Esref’s case is so overwhelming because he has never seen colours and does not know what red looks like neither can he differentiate blue from green nor can he tell you what a dog or a flower should look like. He was born blind and yet he paints!
THE BACKBONE
Without the right kind of people it would be a hard sell for the business to grow or to even takeoff. My people say that “a tree does not make a forest” very apt and this also goes for any company. The founder of the business alone cannot help the business to succeed.
WHAT HAST THOU IN THE HOUSE?
She had to ensure that the debt moved to the income chart and in other to do this she was asked to “go, borrow vessels abroad of all your neighbors, even empty vessels, borrow not a few”. I am sure that she probably went to neighbors close to her and she borrowed less than a thousand vessels. After borrowing she was to lock herself in and get to work! Pour the oil (what she had in the house) into the vessels (that which she borrowed from neighbors). Long story short, the oil stopped pouring when the vessel had run out.
Intercamp Services 