Business Series 2: Ideas Rule

In the last article we established that wealth is made. Our minds are trained to see
wealth as the amount of money in our account or the amount of cash we have in our
pockets but real wealth is beyond this. Do not get me wrong; the end result of what
I am teaching is that you should have money available for you but when starting out,
keeping your mind fixated on actual cash will shut down your ability to be creative
about creating wealth.

Wealth creation does not depend on the resources you have outside you but what
you have in your mind. The actual resource used to create wealth is the invisible
component called ideas. Your ideas, as intangible as they may seem, are the
powerful ingredients you need to create the wealth you desire to create. Your
business idea may seem as though it is just an idea but that lone idea when developed
can create a business that not only provides for you and your family but many other
people who will work inside it and earn an honorable living.

This idea stage is one of the most difficult stages of developing a thriving business.
But if you stay on it it will eventually pay you bountifully. It always does. So the
question is if you can pay the price of developing your idea from just another idea
into a concrete substance from which a profitable business will sprout from.

Ideas are powerful. They are so powerful that even when you work with someone
you cannot rise until you begin thinking as if you own the business or organization.
The moment you change the way you see yourself it affects the way you think. If
you successfully change the way you think from a sorry employee to the owner of
the business, it changes the way you think. As the business owner you won’t come
to work late or abandon a sale halfway or talk rudely to customers, etc. now think
of it, if you have an employee who is willing to pay the price an owner pays to see
to the success of your business, will you hold him or her from progressing in your
business? If you are in your right senses you won’t. You will enable the rise of your
employee because diligent people deserve to dine with dignitaries.

In it's simplest form, being in business means getting paid for solving human
problems. The weight of problems you solve determine the promotions you enjoy.
If you solve small problems you enjoy small pay and if you solve big problems you
enjoy big pay. Think of this for a while: a cardiologist and a general practitioner are
both medical doctors but while the medical doctor earns a minimum wage, the
cardiologist enjoys plush benefits. The difference is that one handles problems like
malaria and typhoid fevers while the other almost always handles life or death case.
The weight of problems you solve determine the promotions you enjoy.

Business Series 1: Wealth is Made

The words you are about to read are important – follow them carefully. These words are important because they are predictive of the financial direction of Nigeria (and probably your) over the next decade. Hence, these aren’t just words but seeds that I seek to plant in your life (through your assimilation and action) that have the potential to sprout and blossom into a mighty tree with hundreds of resultant fruits on it.

Entrepreneurship is the way for our financial increase and path out of unemployment. Some people are quick to protest that they are “not cut out for business.” This is an error in perspectives towards. Fact is that nobody is “cut out” for anything nor do you need to be cut out for business to excel therein. We need to understand that entrepreneurship is not the actions taken by a business person but a way of thinking. It is a mindset; an attitude of the mind. This attitude understands that since business exists solely to solve human problems then we are all in business irrespective of what we do to earn a living.

In addition, wealth is made. Wealth is the child of resourceful minds that solve problems other human beings are faced with. Wealth does not jump down from the skies to the lucky and neither is it imparted on any person. Wealthy nations for example are not wealthy because a “god of wealth” favors them. No, they are wealthy because their citizens took the initiative to create it. This means that you can create wealth and I can create wealth.

As a nation, we will begin to experience national wealth when we learn and apply principles of entrepreneurship. These are the principles of wealth creation. We cannot prosper by depending on wealthy nations for aid. No beggar creates wealth. It has not happened in the past and will not happen in the future. Aids reinforce our belief that we are poor and if we believe we are poor then we are poor.

Entrepreneurship is the key to ensuring we have jobs for the future. It is the way for individuals to create wealth. It is the way forward for our families to build sustainable income. Hop on the entrepreneurship ride as we take the journey towards creating the wealth we desire.