Wednesday, 5 August 2009

Let’s Talk About Money

Issue 4: 04.08.09

Where does great earning power come from? How can you get your share? Here are two steps to boost your income: We’re concerned about money to the extent that we don’t have it. Money is not bad and it is important. Nothing will take the place of money in the area in which money works.



What is money? Money is the harvest of our production and service. We in turn use it to obtain the production and service of others. It is a good gauge or measure of one’s own level of service. Money brings a great deal more happiness than poverty. We can increase our value to the world. The amount of money we receive will always be in direct ratio to the demand for what we do, our ability to do it, and the difficulty of replacing us. A highly skilled person is worth more than a person who is not highly skilled. Preparation for life is so important. Luck is what happens when preparedness meets opportunity. Opportunity is all around us. Are you prepared? Are you qualified? As a nation we are already rich, far richer than most of the world. How much do you want? The world will pay you exactly what you bargain for. We’ll receive not what we wish for but what we earn. If you don’t like your income you must increase your service. Do more than you’re paid for and you’ll eventually be paid more for what you are doing. Only as we first grow in value as persons will we receive the increased income we seek.


Take two distinct steps: First decide how much money you really want, the exact amount. Second, forget the money and concentrate on improving what you now do. Decide on this years income, on how much you want in savings or investment, and how much you want as retirement income. Now work to match your level of service to that amount. Most people never decide on these three amounts of money. They never write them down. They never work to match their level of service to the desired amount of money. Only 5% of people will do this. It is not achieving a goal that causes difficulty but not setting goals. Chance does not work. Only choice will work. Your choice!


Most people cut back their wants to fit their incomes. They are the majority. The minority makes their incomes fit their wants. Which is best for you? The only limit on your income is you. All you need is a plan, and the courage to press on to your destination. Nothing in the world can stand in the way of a plan backed by persistence and determination. Think of ways to increase your service and income will take care of itself.


Money cannot be sought directly. Like happiness, money is an effect. It is the result of a cause, and the cause is valuable service. Keep money in its proper place. It’s a servant and nothing more. It’s a tool. Do not emphasize money or it will master you. Know what you want, and you will become, you must become what you think about. Now, become the person who is worth the amount of money and reward you have established for yourself. You will only move ahead when you are worth more than you are receiving. Seek to be worth more and income will catch up to your worth. The cause must precede the effect or the effect will not occur. Don’t fool yourself.

Earl Nightingale in "Lead the Field"

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Wednesday, 29 July 2009

Service is the Word

Issue 3: 29.07.09

Let's consider a few quotes on the subject of service.


Ralph Waldo Emerson: It is one of the most beautiful compensations of life; that no man can sincerely try to help another without helping himself.

Albert Einstein: Only a life lived for others is a life worthwhile.

John F. Kennedy: Ask not what your country can do for you, but what you can do for your country.

Confucius: He who wishes to secure the good of others, has already secured his own.


What do you think? Can we really secure our own good (financial empowerment) through a commitment to helping others, serving them and improving the quality of their lives?


As Earl Nightingale succinctly puts it, the remuneration that each one of us receives in life comes in direct proportion to the service that we provide. In other words, we reap in same proportion to whatever we sow into the lives of others. Seek out opportunities to serve and you shall find your purpose and financial empowerment.


Action: Is my dream for entrepreneurship centered around me, mine and myself, or am I passionate about helping and serving others? How is my business going to improve the lives of other people? Could I save them money? Or time? Could I provide convenience? How could I serve them better than the competition? For instance, could I ...

  • Provide information, guidance, inspiration, training?
  • Increase their earnings?
  • Reduce their bills?
  • Improve their business?
  • Design their clothes?
  • Fix their gadgets?
  • Wash their car (in the convenience of their own driveway)?
  • Groom their dog?
  • Clean their apartment?
  • Do the school run for them?
  • Tutor their kids?
  • Do their shopping?
  • Iron their shirts?
  • Cook their meals?
  • The list goes on.

Please let me know what you think

Have a good week!

Yemi Akinwande

Thursday, 16 July 2009

Keep that Dream Alive!

Issue 2: 21.07.09



Dreams are the substance of every great endeavour. Dreams, like babies are conceived. Once conceived, the next step is to use all our senses to gather information about how our dreams can be developed into reality.



Just like a foetus, every dream requires a period of incubation where it must be nurtured in a warm and protective environment (aka a womb). According to Dr Michael LeBoef , this period of incubation is necessary to allow our subconscious mind to process the idea in the light of the information we have gathered. Suddenly, illumination will come to you. This is called the "Eureka!" moment where everything suddenly falls into place, completing the puzzle.



Before you begin to run with your dream, it is important to test and verify your ideas. Take a step back. Be objective. Evaluate your design. Put your idea to the test. Try out the market. Get feedback. Refine your idea. Don't be in a hurry. Though Isaac Newton received his law of gravitation in flash of illumination, he spent years refining and verifying his idea. His work has outlived him by almost 300 years.


Like a baby, our dreams are fragile and must be protected through the early stages of conception, preparation, incubation and illumination. Subjecting your dream-foetus to the "a hundred reasons why it will not work" argument is not a great way to becoming a creative entrepreneur. Like many people, I have been guilty of aborting my dreams before they have any chance of surviving to see the light of day. But hopefully I am now the wiser.




Have you killed off any dream? What is your favourite method of "dispatching" them to the land of no-return: suffocation, starvation, over exposure, e.t.c. How do you keep your dreams alive?


As fellow dreamers, I'm sure that we learn from each other's experiences. Please post a comment. I look forward to hearing from you.


Have a great week!


Yemi Akinwande

Simple and Effective Coaching

A member of the Simple and Beautiful Group of Companies

Because the Best Things in Life are Simple



http://www.simpleandbeautiful.net/

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Tuesday, 14 July 2009

Creative Entrepreneurship

Issue 1: 13.07.09

Dear Fellow-Entrepreneur,

It was good meeting you at the Financial Empowerment Seminar last weekend. I believe that by now you are beginning to revisit your old dreams and merge them with some brand new ones. Write them down, nurture them and process them into fruition. Develop a network of associates that believe in you and your dream: maybe a mentor, coach, counsellor and few fellow dreamers would help..

Checklist for the Creative Entrepreneur
1. What is your dream? What were your aspirations as a younger person? If there were no constraints in life what would you aspire to be? What would give you a deep sense of satisfaction and accomplishment? What unforgettable contribution could you make the community, the nation, the world? Remember, it’s not all about you…

2. What is your passion? What fills you with power, and joy? What makes you angry, or sad? What do you daydream about? What are your favorite themes in fiction and non-fiction? What do you spend hours chatting about with your buddies? Technology? Education? The School Curriculum? Social Justice? Youth Crime? Inequality towards women, men, ethnic minorities, or the elderly in the society? Public Speaking? Health Concerns? Nutrition? The list goes on and on.

3. What are your play-interests; what are your hobbies? How do you unwind when on holiday from work? If you were not so “bogged down” with work, what would you like to do, just for fun? Whether it be reading or writing, knitting or driving, painting or home-repairs, cake-baking or story-telling, stamp-collecting or community work, if you could turn your hobby into a source of living you are likely to become a very satisfied person and an instant success.


4. Have you ever come up with a creative solution to a serious personal problem: be it childcare, job-search, conflict-resolution, raising teenagers? Could other people benefit from your innovative solution? Could you package your solution into a new product or service?

Jean Nidetch is one woman who turned her problem into a very successful entrepreneurship. She was a 214 lb size 44 housewife woman who had tried many a diet without much success. Almost by accident she discovered an unprecedented way for her and her overweight friends to lose weight and stay slim: it was by combining the concept group support with dieting. Weight-Watchers was born, and by 1978 the company had grown to $28 million.

Could you provide a creative solution to the problems of a company, community or country? These problems are wide-ranging: from cost reduction to waste reduction, from recycling to redundancies, from software to systems, from teenage violence to under-achieving youths, from managing debt to bargain-hunting.

5. No other person on this planet has the same exact combination of skills, experience or information as you have. What is it that makes you peculiar or unique? What have you got to offer the world? What are your areas of expertise? Don’t focus on what you do not have, but rather trade with the assets that you have got.




The Burj Dubai


At 800 metres tall the Burj Dubai is the tallest skyscraper structure ever built. One look at this structure will convince you that the sky is no longer the limit to human endevours.


The point that I am making is this: find the right intersection of your dreams, passion, perculiar gifts, play interests and a general problem and build up your business from that same spot. Like the Burj Dubai, build creatively, build strong, and build tall. You will find that the sky will make way for you.




I look forward to reading about your progress on the road to Creative Entrepreneurship. Please keep the blog alive by feeding it with your comments!



Yemi Akinwande
Simple and Effective Coaching
A member of the Simple and Beautiful Group of Companies

Because the Best Things in Life are Simple

http://www.simpleandbeautiful.net/














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