BUSINESS AND ITS EVER LIMITED RESOURCE

SEASON 1 - BUSINESS START-UP
EPISODE 1 - Business and its ever limited resource.

Looking into the world of business and entrepreneurship, the single artificial resource that is heavily needed is money. Thus, Money is Business and it is that which we sort to gain from going into business. Funny enough,we tend to seek  more of it when we get into the business proper.

 The first way to source for money to start-up a business is through your own downline. Be it from your savings, aids from your friends and families, among other means. I do advice people to always make use of their own money first in starting up a business in order to be more committed to the success of that enterprise.

But if we lack money does that mean we can't go into business?

The answer to that question is the main focus of the next phase of this write-up. It is quite simple. You can sure start up a business with other people's money!" Yes, it's that simple;Use OPM - Other People's Money. That is the way to acquire great wealth. Benjamin Franklin, Henry J. Kaiser, Colonel Sanders, Ray Kroe, William Nickerson, all used it.
Make investments with OPM. I want us to see the way in which wealthy individuals have done and still doing business with OPM, and in doing that I cite the instance of Charlie Sammons, an American millionaire who, with bank credit, developed a forty million dollar business in ten years.

I would tell you frankly at this junction, that the way in which business work overseas is different from the way it works here in Nigeria, for that reason, I warn against borrowing money from Banks because of their high interest rates and collateral but it is advantageous to borrow from a wealthy banker or money-lenders or rather seek grants or aids from government agencies and other nongovernmental  organizations that lend money to aspiring entrepreneurs provided you are a small scale business starter. Even Charlie Summons had his first experience in the use of OPM via a banker who saw the potential in him making millions from his every Saturday savings in the Bank.

The first warning - Credit can hurt you. The art of borrowing money is capitalism. However If a detailed viable plan is lacking, it can lead to business failure which is predominant in Nigeria and Africa at large.
OPM and CYCLES.   In life, everything comes and goes. So also in business, there are cycles that tells the rise and fall in profits. Thus, the knowledge of these cycles is imperative in order to know when to be aggressive in investing.

Important: if you have lost a portion or all of your wealth, remember that cycles repeat. So don't hesitate to start over again at the proper time. Many wealthy people today lost fortunes previously. But because they didn't lose their positive mental attitude, they had the courage to learn from their experiences and subsequently acquire wealth.

Expect the next series same day next week. Anticipate #Real Education in Business#

Shoderu Azeez Ola
07017503376, 08107714449