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Jim Rohn is one of the greatest sales man and speaker to walk the earth, and these three principles I learnt from his tapes and books.

The issue of surviving through the start up process of a business has been a real challenge for entrepreneurs especially younger people. I learnt these principles listen to his tapes and they have helped me improve. Mr Rohns life was transformed from rags to riches immediately he changed his personal philosophy and applied what he learnt from his mentor (John Earl Shoaff) over the years. Before his death in 2009, he had gone ahead to teach, inspire and use his principles and philosophies to transform countless number of lives. so don't miss a line in this article here are just three principles that took him from a farm boy to millionaire in less than two years.


1.  “increase your value to the market and your income will increase”
Mr Rohn always laid emphasis on this during his seminars. Your value is a function of what you know and what you can offer; it is not just enough to kick start a business without having an in depth knowledge and proper planning of what you want to go into. You need to sit back source for knowledge, ask questions, do the neccessary researches and background study of the business at hand. Know more than average, in that start up of yours. Find out those that failed why did they fail, those that succeeded why did they succeed. This will help stir your business in the right direction.
Eventually you have already started a business, its never too late to gain more knowledge of  your industry, go ahead to  plan, apply new strategies and take action in improving your business.

Related: 

WHY MOST BUSINESSES NEVER START


2. “acquire more skills”
“As a farm boy I was always broke, until I learnt the skills of sales” said Mr Rohn. It is important as entrepreneurs to understand that every start-up depends on the skills of those heading it at the initial start and at such if the individual is limited in skills especially in terms of basic tech skills, it will cost the business some money to outsource or train people, to cover such roles. Mr Rohn went ahead to increase the number of skills he had from recruiting to organizing and I thought on this for any start up to be successful at the beginning the head must have leadership skills, organizing and recruitment skill because without this skills there may be limitations and this may lead to the loss of potential customers. 



March 20, 2017
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Looking to up your financial life and escape debt? or an entrepreneur seeking breakthrough in finance here are five all time hottest financial books.

NUMBER 5

The Millionaire Next Door


Through research into U.S. households with a net worth of $1 million or more, authors Thomas J. Stanley and William D. Danko identifies most individuals as Under Accumulators of Wealth (UAW) who have a low net wealth compared to their income.  They then provide advice (like take skimpy vacations) to help people achieve a higher net worth compared to their income.


February 20, 2017
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As an entrepreneur, one should be able to assume, manage risks and create strategies to survive a tricky economic downturn. The ongoing financial meltdown is bound to have an impact on businesses and numerous individuals for a considerable length of time to come. To the individuals and businesses that were ready, this recession would turn out to be the best of times and a terrible period to those unprepared.
The challenge is to be forceful and innovative. Business people who survive and flourish amidst difficult times must have the capacity to look past the present, to conquer the imperatives and traditions to see the firm from another point of view and to do business in an unexpected way.


Related:ONE TRAIT EVERY CEO NEED IN RECESSION







CUT SOME INVESTMENTS AND FOCUS ON BUILDING YOUR BUSINESS
It is advisable to leave all investments and focus on your business in order to be able to adjust to the financial changes that happen during the recession. For you to accomplish that, your business should be your top priority. If the Business remains solid through the economic meltdown, then it will become more grounded with the recuperation of the economy and you will have the capacity to purchase back more investments than solid.


CURTAIL POINTLESS COST
Another survival technique is to curtail all superfluous costs of doing business. To survive recession as an entrepreneur, you need to be cautious about your business expenditures. Parties, rewards, excursions, motivating forces and some other things that have no immediate effect on your organization’s development should be avoided.






GAIN STRONGER CONTROL OF YOUR CASH-FLOW
Monitoring and maintaining a positive cash-flow during recession is vital. Ensure that your monetary statements give data that is auspicious, pertinent and precise. Have the capacity to venture where you will stand three months ahead of time. Also, work closely with your clients to ensure they meet their credit commitment.


Related: WHY MOST BUSINESSES NEVER START


TAKE CARE OF CURRENT CLIENTS
Customers are usually referred to as the boss of the company and an organisation’s most prominent resource. Without them, your business would cease to exist. Research done by an advertising specialist showed that it cost more exertion and assets to discover new clients than to hold existing ones. During this recession, set up a close relationship with them and manage their complaints and issues with utmost priority.


FOCUS ON CUSTOMER SERVICE

Exceptional customer service will ensure clients return and purchase from you regardless of the fact that circumstances are difficult. Of all the business subsidence survival methodologies that exist, concentrating on the client is the best procedure that can promise long haul strength for any business. On the off chance that you neglect to deal with your clients and meet them at the point of their needs, then every other recession survival procedure you actualize will be invalid and void.

Related: TIPS FOR SURVIVING ECONOMIC RECESSION



February 06, 2017
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"A goal is a dream with a deadline" - Napoleon Hill.

Welcome to the last quarter of the year (2016), time really does fly. I cannot believe its November already. Good thing about this is that it is a time to reset. A time to plan ahead. A time for a new beginning in 2017.
At the beginning of the year, it is common for people to make new year resolutions. However, a couple of weeks or months after, these resolutions are quickly forgotten and at the end of the year you are exactly where you started off. A major reason for this is that resolutions are easily forgotten because they lack time frame for execution. What then is the difference between a goal and a resolution?.

For example, a resolution is - "I will lose weight in 2016" however a goal is "I will lose 15kg by the 30th of November 2016.

So here are 5 financial goals we need to set in life.

Related: 4 COMMON MONEY BAD HABITS

PAY YOURSELF FIRST

If you don't have savings, this is a good time to start. The key thing is to save before you spend. Create a budget to determine how much you have available for savings. You may thinks that you don’t earn enough and that when you earn more you would start saving. Well the thing is that if you can’t save when you have little you won’t be able to save when you have alot. It is also important to create an emergency fund.

PAY OFF YOUR DEBT

If you are in debt, its important to be determined to be debt free or to start working towards paying off your debt before the end of 2016. Being in debt is like carrying a heavy luggage on a long journey. Whilst you may reach your destination, debt hinders your progress and may delay the process significantly. No matter how large your debt is, you can pay it off. The key thing is to start and to start small and build up.


January 01, 2017
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Why do people fail financially? What does it take to succeed financially? Financial success is not the exclusive right of some but a dream achievable by all. Listed below are bad money habits which are some factors responsible for the financial failure of people. 

INCORRECT BELIEFS ABOUT MONEY

 The birth place of wealth is in your mind. There are basically two beliefs about money – POSITIVE and NEGATIVE. Your belief about money is positive when you have an ABUNDANCE MENTALITY, which is believing that there is enough prosperity for everyone on earth. You being poor is not because there isn’t enough prosperity for everyone but because you limit yourself mentally.Negative belief about money is when you are equipped with a SCARCITY MENTALITY that the wealth
available is not enough for everyone. The mind becomes preoccupied with thoughts of you not being able to afford something rather than focusing on how to get it.

Related:3 Ways Budgeting Can Make You Richer

 PROCRASTINATION 

Money will not come to you on a platter of Gold. You have to cultivate the discipline of execution just like Tito Philips jnr. (Entrepreneur and founder of Differentiate Online) because this is the ability to get something done when it should be. It is the ability to take action to make your financial goals a reality. Many people fail financially because of their poor work habits. Procrastination is the habit of pushing important work forward with the mind of getting it done later. What you must remember is this;
Today was Yesterday’s Tomorrow and Tomorrow will be another Today. What does this tell you? All you have is NOW, not Tomorrow, so your job is to make the most of it. 

Related:FINANCIAL LITERACY: THE ROAD MAP TO FINANCIAL FREEDOM

NO FINANCIAL GOALS

 Not having financial goals is one of the factors keeping many poor. How can you expect to grow your income if you do not have a precise figure in mind? Just confessing that you need more money is not enough, you must be as specific as possible with a particular figure or amount in mind. Why is it so? The human mind only works with what it has been fed. The more you feed it through your thoughts, knowledge and words, the more focused it becomes. The less you feed it, the more confused it becomes. Goals are how you help your mind to become laser focused. It is how you gain clarity which is a necessary requirement for action. Those who set financial goals with clear figures often end up having their goals achieved. If you don’t know where you are going, how do you get there? Financial goals give your financial life a direction.

Related:TURNING TRASH TO CASH

 NOT HAVING A SAVINGS HABIT 

All that you earn is not meant for consumption. The classic book by George. S. Clason. The Richest Man in Babylon puts it this way pay yourself first. Money saved is the seed you plant in order to reap more in the future. Bad saving habit leaves you with less capital to invest (plant), when you do not sow, how then do you reap?
December 01, 2016
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Learning and earning, a subject many students ponder on its possibilities. Most of them are advised against by parents who of course mean well but fail to see its possibilities. Why deny someone the opportunity to gain an experience? This is said considering the risk of a decline in academic performance. With proper advice, all things can be achieved. Self-discovery is the most important factor to successfully learn and earn. Most people read up to eight hours to understand a work others use just two hours to. This shows that abilities differ given certain circumstances. As such, it is proper to know where you fall in.
There are people who work to take care of themselves while in school. For this to be realized, proper time management has to be developed. To run a small scale business while in school, you need to know when to be at particular places, when to read, and when to do other things. It is advised you play a managerial role instead of a functional party in the business, i.e. you need to hire a skilled person to manage it for you. In my opinion, as soon as one leaves secondary school, his/her life begins. You are now responsible for various actions of your life. Skills acquisition is essential in this time we live in.
Moreover, the experience that will be amassed while learning and earning will be invaluable. As a young person, you need something you can fall back to if your educational training doesn’t work well. Millions of people graduate every year, some with better qualifications than you. What you can offer(skills) separates you from them. In conclusion, it is very possible to learn and earn. I recommend every student to have a little means of income but never at the expense of your academics. Remember, you are responsible for your failure or success in life.
November 21, 2016
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Fear – A strong, uncontrollable, unpleasant emotion caused by actual or perceived danger or threat. “Fear is the master spirit that satan uses to do his dirty work.”- Joyce Meyer.
Watch out for fear and face it with boldness and confidence in God. Don’t let fear make you ineffective. We all have a deep desire to be needed, useful, productive and to have a good effect on the lives of other people and the world we live in. often times, we don’t share our faith with others due to fear and we don’t participate in something due to fear of being rejected or failing. Fear holds back but faith urges us forward.
Fear is indeed a formidable enemy and one that we must learn to confront.
God designed and created us perfectly, to be accepted and not rejected. Being accepted is something everybody craves for because it is an in inherent need in us. No matter who rejects us, God accepts us and that is enough to enable us to be successful in life. Jesus was rejected and despised but He didn’t let the rejection derail Him from the purpose for which He was sent. He focused on God’s love for Him.
We should focus on God’s acceptance rather than people’s rejection because we are made acceptable to God through Christ (Eph. 2:6). God doesn’t love us because we deserve it rather, because He is kind, gracious and wants to love us. The craving we feel for acceptance can be truly met only in Jesus. He doesn’t give only when we are good and withdraw when we are not, NO!!
God accepts us because we believe in His son Jesus Christ, not because of what we do or don’t do. (John 3:18)




Acceptance breeds confidence, a lack of confidence equals a lack of revelation concerning who you are in Christ. Our confidence must be deeply rooted in Christ, in His love and commitment to us. As we learn to feel good about ourselves and safe in our relationship with God, we are able to step out and do amazing things in life, even if we have to initially do them afraid. This is possible because we know it is permissible if we strike out occasionally as long as we keep getting up to bat. Fear of rejection is a deep rooted fear that affects many. When a person lives afraid, he/she might disapprove of or reject them, this fear seeps into the very pores of who they are. They hesitate to trust others or engage in relationship because they doubt they will be accepted. The bible gives great hope to the person who has been rejected and unwanted. Jesus understands that pain because He experienced it Himself, He understands the feelings that come when people push you away and make you feel devalued. You need not fear the rejection of man because you have a friend in Jesus, He accepts you, delights in you and He is with you always. Knowing that you have complete acceptance from Jesus will give you confidence to anything you need or want to do in life. You can live a free, full and exciting life in you will refuse to settle for anything less.

NEVER LET FEAR ROB YOU OF THE LIFE JESUS CAME TO GIVE!!

November 11, 2016
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I was with my mentor (David Daniel Abiye) on Thursday 19th may 2016 in his house at Port Harcourt, and then two visitors who had called earlier that they wanted to see him walked into the house. One is Mr. Paul Arkwright, the British high commissioner to Nigeria and the other is Mr. Strive Masiyiwa, a London-based Zimbabwean business man, entrepreneur and philanthropist.




He is the founder and executive chairman of diversified International Telecommunications group, Econet Wireless. What they came to discuss is History and not much of concern to you but this is what I noted and learnt. "To my surprise, the British High commissioner Mr. Paul brought with him catalogs and brochures of businesses in his country. He urged my mentor to consider Investing and buying services and products from his country. I must confess I was totally amazed. Also while they were at the discussion because I was at the dinning close to the palor listening, Mr Strive Masiyiwa shared 3 IMPORTANT SKILLS IN BUSINESS. According to Mr. Strive are first; THE ABILITY TO READ, THE ABILITY TO COUNT (WORK IN NUMBERS) and thirdly, is THE ABILITY TO SELL.
After this secret encounter, while I was back home pondering on the 3 skills, my instincts made me choose the one I think is the most Important. That's the reason I wrote this article and titled it THE MOST IMPORTANT SKILL IN BUSINESS. Which is THE SELLING SKILL( The Ability to sell). 


* NEVER STOP SELLING.

Every businessman must be a good salesperson. You must never stop selling, even if you're the richest man in the world. "I remember listening to Bill Gates sometime talking passionately about one of the products from Microsoft. I thought to myself, wow, he is the richest man in the world but still interested in selling his products." This business strategy is not just employed by just Bill Gates; every great entrepreneur has this skill.
Bill Gates said this in his award winning and most inspiring New York best #10 and international bestseller book titled the Road Ahead, "When I was about eight years old, my mother gave me a packet of sweets to take to school. I sold the sweets one by one over launch break. After that, I bought another sweet and sold them to my friends using my profits. Before long I had a little business but it almost became a disaster when I took to the streets and got lost whilst trying to sell my sweets. The cops got up with me and returned me home to my mother who reported me missing. She stopped me from selling sweets and channelled my Energy into more creative things, but she did not kill my entrepreneurial zeal".
There are a lot of people who dream of getting into business but think it's beneath them to be seen trying to sell something. Never look down on a street vendor because from their ranks will come great entrepreneurs than from most business schools.
Whatever it is you're trying to do, whether it's a product or a service, you must know how to sell. There are millions of people who work for organizations even in very senior management positions who could not even sell an alcoholic beverage to an alcoholic.
(Am not a fan to Alcohol, Alcoholics are liable to die young) but if a salesperson or whoever cannot convince an addicted alcoholics, then you need to learn the art of selling.



Lack of selling skills is bad. There is an old adage amongst military planners which says "a battle plan is only as good as the first contact with the enemy". In business, it is interpreted to "a business plan is only as good as your ability to sell to a customer." The ability to sell is the skill we all need and it goes beyond selling something to a customer. It includes " making a proper pitch" to an investor and bankers. It also includes “Selling your Vision" to potential and current employers, employees and partners. It's all about the ability to sell.
You should become conscious about what it really takes to sell something. Once you become conscious of selling at its most basic level, you can move onto things like marketing.
One of the greatest sales person, I have ever known is an American. I have such admiration for his practice of sales and marketing in the United States. Imagine for a moment the guy who invented Coca-Cola, Dr John Pemberton was looking for a quick cure for his headache when he concocted the Coca-Cola formula in May 1886. Now Imagine, how on earth did he persuade people to overcome their thirst by drinking a black liquid? How could he? I imagine people would have had a second thought at the idea of drinking something that looked dirty. You need to think consciously about how a product or service can be sold or is being sold. However, you must remember that it does not matter how good you are in sales, if the product or service is bad, you will not last.

*AFTER THOUGHT


I learnt that every year members of the BRITISH ROYAL FAMILY travel around the world promoting british companies and products. They are not ashamed to go out and sell products and services developed by companies from their country. They do not consider it as something beneath them but something of high honour. They know that when British Companies are successful, it creates wealth and jobs in their countries. We should all be passionate about promoting and defending products and services produced by companies from our various countries and so should our leaders. Everyone in a leadership position, who does not take time to sell products and services from his country does not appreciate the Modern Wealth Creation Model as stated by the Commerce Secretary of The United States during a meeting of the World Economic Summit in Nigeria some time ago, which states that  " I am the chief marketing officer of all industries in the United States". Wow, we must be on the lookout for opportunities to promote products and services from our countries and continent at large. This is where wealth, taxes and jobs come from, it is not Rocket Science.






November 10, 2016
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Written by Robert Kiyosaki | Tuesday, October 25, 2016

culled from www.richdad.com

Why the Rich Dad way of budgeting always beats the standard way

It's no secret that the average American isn't good with money. As "The Motley Fool" reports, almost 70 percent of Americans don't have even $1,000 in the bank. And "almost half of Americans claim that to cover a $400 emergency, they'd need to borrow the money or sell something quickly to round up the cash."







"The Motley Fool" goes on to share a U.S. Bank study that states only 41 percent of Americans budget their money. This, writer Maurie Backman thinks, is a big reason why money problems are so big in the US.

I agree that having a budget is an important first step to gaining ground in your personal finances. But having a budget alone won't fix the underlying problems that most Americans have when it comes to money.
 
First and foremost, there is a great need for financial intelligence. The problem with most budgets is that they cater to the old rules of money that simply don't work anymore, like save money, get out of debt, and live below your means.

Ultimately, budgeting, as it's usually taught, is a vehicle for cutting expenses, not making money. I wrote a while back on how budgeting like a business can turn a budget into a vehicle for growing your assets, not saving your expenses.                

Ultimately, your budget is a plan. As such, it can be a good plan or a bad plan. A bad plan is one that requires you to cut expenses and save money. You don't enjoy the things you're used to enjoying and you make little to no money on the money you save. Ultimately, it won't get you where you need to be financially.

A good plan, however, is one that spurs action for the better. And a good budget is one that will inspire you to make more money so you can do what you love and grow your money exponentially.

With that in mind, here are three tips on how your budget is a helpful a tool to grow your cash flow the right way, through investments.

1. A budget shows you your monthly outflow

A common exercise we do when working with people who want to be financially free is to have them write down all their monthly expenses in one column on a piece of paper and then write down their salary on the other. Then, we have them cover the salary column with their hand.

"What," we ask, "would you do if you didn't have your salary?" The result is often a momentary flutter of panic.

This is helpful because it is a quick splash of reality-that is, most people have a lot of expenses and are reliant on a salary to pay for them.

But how great would it be if you had passive income coming in every month that covered your living expenses? What would you do then? Would you retire? That's what Kim and I did when we reached that point in the 1990s.

But to get to that point, we had to know how much we were spending each month. Why? So we knew how much we'd need to make in cash flow to be financially free.








2. A budget helps you understand what kind of cash flow you need
Once we understood our monthly expenses, we then were able to make a plan to acquire the assets we needed in order to cover those expenses. And here's where things got really interesting. Instead of cutting expenses, we created a new one-an investing expense. We called this paying ourselves first, the financial golden rule.

3. A budget inspires action to get your cash flow

By making it an expense to invest each month, we made it a priority to grow our assets. We worked our butts off to make the extra cash we needed. We started teaching classes on the weekends. We got creative in how we paid our creditors. We dreamed up and launched new products. We found amazing real estate deals. All of this was made possible by shifting our mindset when it came to budgeting away from saving money to making money. Our budget gave us the roadmap to financial freedom, and we were inspired to make it happen.

So, if you're ready to begin your journey towards a better financial future, then yes it's time to start with budgeting. But don't do it the old school way; do it the rich dad way. Only then will you be really successful.
October 27, 2016
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Do you want to expand your business? Be competitive in your industry or achieve certain goals? If you answered YES to any of the above, you need a Business Plan. It doesn't matter if you just started or have been running for years, Business Planning can be the key to your Success. Below are three reasons why you need to get started on your Business plan today.

1. IT IS VITAL TO HELPING YOU SECURE FINANCE

If you are seeking finance for your Business, you will need to show Banks and Investors why they should invest in your Business. Lenders and investors can only risk their time and money if they are confident that the proposed Business will be successful and profitable. A thorough and well-researched Business Plan:
 Shows that you are serious about your Business.
 Help lenders and investors understand your Business Idea.
 Shows your predicted profits and income streams
Your marketing plan is also a crucial part in attraction of funds. Study more on finance for relevant information related to applying for finance.

2. IT CAN HELP YOU PRIORITIZE

A complete, thoughtful Business Plan is one of the most valuable tools in helping you reach your long-term goals. It gives your Business direction, defines your objectives, maps out strategies to achieve your goals and helps you manage possible bumps onyour way.
A business plan will help work-out the goals you want to achieve and the strategies to achieve them. This means you can focus your resources and energy on what you need to do rather than spreading yourself too thin. Once you have got a business plan in place, it is a good idea to regularly review and update it to:
 Remind yourself constantly of your goals and priorities.
 Know if your strategies are working or futile.
 Adapt to new changes in your environment.
 Make the most out of new opportunities as they come by.


3. A BUSINESS PLAN CAN GIVE YOU CONTROL OVER YOUR BUSINESS

Developing a Business plan helps you to step back and look at what is working in your business and what you can improve on. Planning will give you a sense of control about the future of your business and pay off on the long run. This can seem overwhelming and time-consuming but many successful people see it as an opportunity.
The process helps you learn about the different forces and factors that may affect your success. If you are already in Business, it helps you step back and look at what is working and what you can improve on. Instead of worrying about the future, it gives you a sense of control over your Business. Writing and researching for your business plan gives you the chance to:
 Learn about your industry, market and competitors.
 Write down exactly where you are and where you are headed.
 Identify challenges you may come across and work out strategies to avoid or overcome them.
 Understand your Business finances including managing cash-flow and determining your break-even point.
 Set specific goals, time-frames for achieving them and how you will measure performance.
 Make sound Business decisions that focus your activities, maximize your resources and give you a competitive edge.
It is important to have a business plan; it’s just as important to keep it up to date. A business plan is not a document you create once and store in your bottom drawer, it’s a living guide that should be developed as your business grows and changes. Successful businesses review and update their Business plan when circumstances change.

October 26, 2016
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Recently we have seen books on entrepreneurship written by non-entrepreneurs, and the question has often been asked " Do these non-entrepreneurs have enough experience to write on entrepreneurship?" should they be given roles as entrepreneurship lecturers in school? Do they know what it takes or they base their knowledge on facts and figures? these and many more questions have risen.

We need to know your take on this, drop your comment below, and vote on our side bar as you opinion is very useful.
October 26, 2016
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Welcome to Monday motivation for this week, i would be focusing on effective and the four D's to achieve it.
One of the factors i always look out for when working is seeing successful result and i guess you also desire that, after putting in your effort  on task. Being effective is the ability to produce result. This ability makes you relevant and outstanding in your field of work and business l. It is important to know that there are four major keys that drives your effective and they are.

Desire

"The start point of all achievement is desire"- Napoleon Hills.

You need a definite wish to accomplish that goal or dream not minding where you are now or the present circumstance surrounding you. As long as you have the desire to accomplish a task, focusing your attention and time on that task your mind will find a way to scale through all the obstacles and possible challenges. It is that burning desire that creates the will power in your.

Decisiveness


“Whenever you see a successful business, someone once made a courageous decision.” 

Indecision is one major cause of failure, that is the ability to choose what you want before time. People who have enjoyed success created the habit of reaching decision promtly and change this decision slowly, if and when the are changed. Your effectiveness is neer complete until you decide definitly to complete the given task or goal at hand.                                          

  Determination 

" Never go back attempt, do it with all your might. Determination is power. "
  Many failures in life came as a result of people quitting when they were faced with challenges, when the suffered temporary defeat. Effectiveness in work and business can not be attained without facing challenges. Determination characterize your effectiveness. 

 Discipline.

Discipline is the bridge between goals and accomplishment. Jim Rohn

Self control is one neccessary tool for effectiveness l. In as much as you now have the desire to work and be effective, it is your level of self control that determine how far you bring that task to completion. Know when to act and when to react, condition your mind and body to achieve maximizimal accomplishment. This is one very paramount trait that is sometimes neglected by many, but as we speak discipline is raising empirrs and building successful men and women of the society.   Take charge of your life and chose to discipline your mind and body as this will aid in maximizing your effort and make your effective.


October 10, 2016
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 It will amaze you to know that when we talk about resources in Nigeria the common man only thinks of crude, precious, stones, bitumen and other minerals. It has come to my observation that over time citizens of this great nation Nigeria are yet to uncover one of our most precious, valuable and economic transforming resource which is HUMAN RESOURCE.
  The polls from 2014 shows that Nigeria is the 7th most populous country in the world and yet individuals are yet to understand that they are the most important resource this country have and due to this ignorance so many have just decide to sit out their lives not adding and developing themselves.

 Individuals must come to the understanding that hidden potentials are no potential and at such show case and display this potentials, the next question is how can I as an individual develop this potential (even in my field of work and business)?

 


       Understanding Your Potentials:

You must learn to view every passion as a gift or potential; some people are passionate in writing, some in singing, and some in swimming, others in talking. Your view about those hobbies must change and your must begin to view them as potentials.

2.       Articulate Those Potentials:

The next step is penning down those potential, those thing you can do even if you are paid or rewarded. By penning them down it becomes easy to understand which and which can be monetized. And those that are not easily monetized can be ruled out of the list.
Then you can decide which you do best and which is more comfortable for you as an individual.

3.       Improve On It:

It is not just enough to pen down you potentials, you must now work on yourself to improve on it. You need to start taking classes and training to improve that potential in order to stand out in the crowd. Read books, watch videos and attend seminar on developing that potential, also conductor individual research to improve you.

4.       Marketing It

This is one complex part for some people; the inability to present their money making ideas to the world. Look for a problem that potential of yours can solve or an innovation it can bring, also tell people about it and find out how it can help people grow or benefit from that hobby.
"One of the principles of making money is not focus on money but on the value you can add to the society at large." -GODWIN JIMMY

October 02, 2016
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“Are you thinking of starting a business from scratch? Here are some essential steps to build a business from the ground floor up. They will empower you to take that first dramatic step toward starting your own business and doing it right the first time.”


 ACT LIKE YOU KNOW WHAT YOU ARE DOING

Boasting is nothing to be ashamed of. It you move full speed ahead with aplomb; people are bound to move with you despite the fact that you have no clue as to what you are doing. You won’t always feel confident, but that doesn’t mean you can’t perform.

 BE PATIENT IF YOU WANT BIG CLIENT

Landing the big one takes time, it’s like fishing, you bait the hook and swing it high and might, but it can take hours to catch a big one.The same holds true for landing a co-operate giant. Finding Strategic customers or vendors who know your industry and believe in your product or business is manna from heaven. But it won’t take days or months to woo them. Count on years.




 BELIEVE IN YOUR SELF

If you do not believe yourself, who will? Every day, look in the mirror and say, "I am the best I can possibly be and I am going to do great things today" You have to convince yourself first before you can convince others.

 BUILD A CORE TEAM OF PEOPLE UNLIKE YOURSELF. 

When the going gets tough, you want people at your side who are responsible and reliable. Look for people who complement you, compensate for your weakness or offer a fresh perspective. Impose on them to challenge you constantly by taking a critical or contrasting position. How else will you and the organization grow?

 BE OPTIMISTIC

Sure, we all run into bad luck at some time or another but the secret is learning how to squeeze out the negative and only work with the positive. In other words, search for ways to turn misfortunes into benefit. The key to creating luck is to seek opportunities. Think about the good things happening in your life and work your way towards making every day an even better day.

 DEFINE YOUR BUSINESS BUT ALWAYS PUT CUSTOMER FIRST.

Refer to HENRY FORD'S classic Refer to HENRY FORD'S classic statement “An American can have a ford in any color so long as it’s black". The business is not about you, it’s about the vision you have that should serve customers. THEODORE LEAVITT had it right when he said, “The purpose of a business is to get and keep a customer” PETER DRUKER stated” companies are not in business to make items, but to make customers”



DELEGATE WHEN YOU CAN

Control freaks, perfectionists and compulsive people are OUT, delegators IN. Who's going to get more done, the person who delegates the work to 100 people or the one who does it all himself? By delegating responsibilities early on, you will have time to consider the needs of the business as a whole.

DONT QUIT YOUR JOB UNTIL YOU HAVE YOUR FIRST BIG CUSTOMER

What’s a business without at least one Rock-Solid Customer? It’s a frustrating hobby. Before you even think of starting a business and running it full time, you better have a BIG customer or a handful of small ones who pay well and are committed for the long Haul

GET A GRIP ON CASH

To run a business that is lean, alert and ready for challenge, you have to tidy up your balance sheet and have enough money at your disposal. Know where your money is coming from and where it’s going. Most new businesses fail and many do so because they are under-capitalized. Small businesses by definition tend to be thrifty even in good times and bad times. This is the reason to keep belts tight.

EXUDE ENTHUSIASM AND POSITIVENESS

What turns you on -
An enthusiastic and positive person or one who never smiles, never jumps up and down at your new idea? Start jumping up and down and look for people who will happily join you.

HAVE A MENTOR

Nothing beats turning to someone who's been there and can provide you with perspective that you are unable or unwilling to see. Mentors spare you from making costly mistakes or learning lessons the hard way.



September 28, 2016
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