Tag Archives: Business

Nine hard-learned tips for success

By Shannon Panzo

My own experiences have forged my step-by-step progression from failure to success. I have learned to value failure and appreciate success. I have found that my biggest failures in life have led to my greatest successes. These are the steps I take when overwhelming adversity strikes in my life. I look forward to sharing this hard-earned secret with you.

My story started when my wife and I decided to diversify into a different business. The money needed to support the project came from our property equity over and above our ‘comfortable’ payments. Walking the “path” with all the positive thoughts in the world, we were given a multitude of promises and guarantees, even in writing. We were about to learn a big and expensive lesson.

At the end of the day, we felt much betrayed. The business that would fund the extra payments and more became a ‘money pit’. People that vowed to come to our aid turned a blind eye to us. We were left utterly alone to deal with our problems.

Justifiably so – we created these problems. They were ours to solve.

I have learned along the way that failure is riddled full of success, if you open your eyes to it. Even though most people would count our venture as failure, it was the start of our ‘adventure’ to get a grip, and swing it all back around. Objectively speaking, it is our finest moment.

To come back from this type of overwhelming adversity in the present economic climate is utterly amazing. So many things that could have sunk our battleship along the way have not presented themselves. We dealt with situations that came up. But, we always seemed to come up on top. We have been blessed time and time again.

The Fight is Engaged:

If you find yourself at the bottom of the stack and you are retching because you feel that you have been kicked in the gut from all directions – that is where we were. We decided to ‘fight’! But we decided to fight in a different way. We decided to take advantage of the many years I was teaching others Brain Management to pull oneself out of the wringer. It was time for me to employ the same methods myself. Here are just some of the things we did:

FOCUS – We decided what we wanted – our ‘target’ at the end of the tunnel we could focus on achieving. (We verified our target with subconscious feedback to make sure that it is in our Divine Order.) Even when you are compelled to take care of other things that crop up, you still need the determination to go right back to your focus. Your focus on the target will become so severe, that nothing will get in the way. You may lose some of the battles along the way, but you don’t lose the war.

FORGIVE – Most people don’t like the idea that someone has betrayed you or gotten something over on you, if you don’t forgive them without reservation; it keeps draining your energy. At these critical times, you need all the energy you can muster, and more. So, yes, we forgave them.

We also forgave ourselves. This step is just as important. Whether you feel you were to blame does not matter. Just making sure that energy path is clear can make all the difference, and often does.

INFORMATION – Information, or the lack thereof, can be critical for the decision-making process. To support decisions you must gain access to a tremendous amount of information in a very short amount of time. Reading, even speed reading takes too long.

DIRECTION – What direction we were going to take to accomplish our goal? We programmed and prayed for the guidance and strength to see us through. Whether it be God or Universal Consciousness, we accept the cards we have been dealt and we have taken up the gauntlet to create the path to reach our objective.

PAIN – By accepting pain will be associated with our chosen path, we gain a certain amount of clarity and a sense of control over our environment, while reaching our primary goal. Pain comes in many different forms–our biggest pain was financial.

PASSION – Fully accept it and embrace it – all of the lessons, successes, and failures alike to achieve your objective. We personally have many driving forces to keep on track. Some of these have emotional ties. If you need to gain this, then create it. You will find, if your objective is important enough, the emotional ties will already be there – and they will be STRONG.
“That which does not kill you, makes you Stronger!” Neitzsche

LAW OF ATTRACTION – Working within the Law of Attraction and eliminating as much information that is contradictory to achieving our objective. If you used to watch TV shows with negative content, turn them off. If people are not supporting your decision as to how you have been guided and chosen, then limit your communications with them. You will find that good intentioned friends and relatives are the first to suggest for you to give up because it’s too hard. They are NOT you, and they are not walking your path. The people you choose to gather around you in times of need can be scrutinized by this:
“If they are not part of the solution, then they are part of the problem.”

Whenever you are the person within the struggle, EVERYTHING matters. Every piece of information, especially from loved ones, counts. But you cannot afford to be persuaded off your path if you want to achieve your goals.

LEARN – Learn from your mistakes. Do your best not to fall into the same trap. When you traverse failure, you learn lessons. When you apply those lessons learned, you gain wisdom and success. Never stop learning.

OPPORTUNITY – When 1 door shuts, 100 others open! You must be ready for these opportunities. They have been our life-saver in rough seas. It wasn’t just 1 opportunity; it was and is many combined to create a cumulative effect. The momentum keeps growing. If one thing starts dropping off, something else picks up. It all takes good focused effort. You still need to participate if you are ever going to reach your goal. If the goal is not worth your participation, it is not a worthwhile goal.

So, with those hard-learned tips in mind, I urge you to raise yourself up, you’re your focus, and never give up on reaching your objectives. Know that you will gain your goals, too.
Have a Great Journey!


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Nine Things More Important Than Money

By Jim Rohn

When starting any enterprise or business, whether it is full-time or part-time, we all know the value of having plenty of capital (money). But I bet we both know or at least have heard of people who started with no capital who went on to make fortunes. How? You may ask.

Well, I believe there are actually some things that are more valuable than capital that can lead to your entrepreneurial success. Let me give you the list.

1. Time
Time is more valuable than capital. The time you set aside not to be wasted, not to be given away. Time you set aside to be invested in an enterprise that brings value to the marketplace with the hope of making a profit. Now we have capital time.

How valuable is time? Time properly invested is worth a fortune. Time wasted can be devastation. Time invested can perform miracles, so you invest your time.

2. Desperation
I have a friend, Lydia, whose first major investment in her new enterprise was desperation. She said, “My kids are hungry, I’ve gotta make this work. If this doesn’t work, what will I do?” So she invested $1 in her enterprise selling a product she believed in. The $1 was to buy a few flyers so she could make a sale at retail, collect the money and then buy the product wholesale to deliver back to the customer.

My friend Bill Bailey went to Chicago as a teenager after he got out of high school. And the first job he got was as a night janitor. Someone said, “Bill, why would you settle for night janitor?” He said, “Malnutrition.” You work at whatever you can possibly get when you get hungry. You go to work somewhere—night janitor, it doesn’t matter where it is. Years later now, Bill is a recipient of the Horatio Alger award, rich and powerful and one of the great examples of lifestyle that I know. But, his first job—night janitor. Desperation can be a powerful incentive. When you say, “I must.”

3. Determination
Determination says I will. First Lydia said, “I must find a customer.” Desperation. Second, she said, “I will find someone before this first day is over.” Sure enough, she found someone. She said, “If it works once, it will work again.” But then the next person said, “No.” Now what must you invest?

4. Courage
Courage is more valuable than capital. If you’ve only got $1 and a lot of courage, I’m telling you, you’ve got a good future ahead of you. Courage in spite of the circumstances. Humans can do the most incredible things no matter what happens. Haven’t we heard the stories? There are some recent ones from Kosovo that are some of the most classic, unbelievable stories of being in the depths of hell and finally making it out. It’s humans. You can’t sell humans short. Courage in spite of, not because of, but in spite of. Now once Lydia has made 3 or 4 sales and gotten going, here’s what now takes over.

5. Ambition
“Wow! If I can sell 3, I can sell 33. If I can sell 33, I can sell 103.” Wow. Lydia is now dazzled by her own dreams of the future.

6. Faith
Now she begins to believe she’s got a good product. This is probably a good company. And she then starts to believe in herself. Lydia, single mother, 2 kids, no job. “My gosh, I’m going to pull it off!” Her self-esteem starts to soar. These are investments that are unmatched. Money can’t touch it. What if you had a million dollars and no faith? You’d be poor. You wouldn’t be rich. Now here is the next one, the reason why she’s a millionaire today.

7. Ingenuity
Putting your brains to work. Probably up until now, you’ve put about 1/10 of your brainpower to work. What if you employed the other 9/10? You can’t believe what can happen. Humans can come up with the most intriguing things to do. Ingenuity. What’s ingenuity worth? A fortune. It is more valuable than money. All you need is a $1 and plenty of ingenuity. Figuring out a way to make it work, make it work, make it work.

8. Heart and Soul
What is a substitute for heart and soul? It’s not money. Money can’t buy heart and soul. Heart and soul is more valuable than a million dollars. A million dollars without heart and soul, you have no life. You are ineffective. But, heart and soul is like the unseen magic that moves people, moves people to buy, moves people to make decisions, moves people to act, moves people to respond.

9. Personality
You’ve just got to spruce up and sharpen up your own personality. You’ve got plenty of personality. Just get it developed to where it is effective every day, effective no matter who you talk to, whether it is a child or whether it is a business person, whether it is a rich person or a poor person. A unique personality that is at home anywhere. One of my mentors, Bill Bailey, taught me, “You’ve got to learn to be just as comfortable, Mr. Rohn, whether it is in a little shack in Kentucky having a beer and watching the fights with Winfred, my old friend or in a Georgian mansion in Washington, DC as the Senator’s guest.” Move with ease whether it is with the rich or whether it is with the poor. And it makes no difference to you who is rich or who is poor. A chance to have a unique relationship with whomever. The kind of personality that ‘s comfortable. The kind of personality that’s not bent out of shape.

And lastly, let’s not forget charisma and sophistication. Charisma with a touch of humility. This entire list is more valuable than money. With one dollar and the list I just gave you, the world is yours. It belongs to you, whatever piece of it you desire whatever development you wish for your life. I’ve given you the secret. Capital. The kind of capital that is more valuable than money and that can secure your future and fortune. Remember that you lack not the resources.

Source: Jim Rohn Newsletter, July 30, 2012


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Running a business is not a game for only experienced graduates, professionals’

By Faith Olaniran

Fela Durotoye, motivational speaker and Chief Executive Officer of GEMSTONE,   last week faulted the notion in some quarters that running a business is for only experienced graduates and professionals.

Delivering his presentation last week at the maiden edition of Ondo State Youth Economic Summit at the Adegbemile Cultural Centre Hall, Fela shared his thoughts with over 2000 participants from Federal University of Technology Akure, Joseph Ayo Babalola University, Rufus Giwa Polythenic Owo, Adekunle Ajasin Univeristy Akungba Akoko, Obafemi Awolowo University Ile-Ife, Ekiti State University, among others.

Said he: “Business is an activity you engage in for the purpose of achieving a stated goal which is usually to make profit. Every business comes with risks but ability to take these calculated risks makes you a business person. If you can’t take risks then you cannot run a business. I am going to show you five reason why that belief [that running a business is the game of experienced graduates and professionals] is wrong.”

“Starting a business requires several things but the three key requirements are: Idea – without an idea you can’t start a business and your ability to generate ideas depends on your mindset, environment and information at your disposal. If you are positive, and informed you will be able to discover opportunities in your environment that can translate to a viable business.

“Capital: Every business requires capital no matter how small.

“Plan: Plan is very essential to the success of any business, you must ensure you have a very good business plan.”

He gave the participants five reasons why they should start a business while they are students.

1) Taking risk is easier: Taking risk is a common thing in business. As a student, you have the liberty to take risk without burning your fingers. Even when you fail, it is always easy to move on.

2) It is Easier to Discover Opportunities: Business opportunities, ideas are best discovered while in school, this is because school environment is like a small sample of the real world.  Likewise it is easier to study the school environment and exploit opportunities that can still serve the outside world. Furthermore, the school environment provides you with free tools (internet access, library etc) to carry out your researches and gain knowledge.

3) Free and Effective Promotion and Consultation: As a student you can leverage on your colleagues to help you grow your business. your friends at school will easily promote your business for you at no cost and most effectively. You can also get advice from your family and your professors free of charge.

4) It is Fun: Starting a business as a student is fun because you treat it as a game, losing hurts but not much. Remember the feelings you get as a kid when make money for doing a menial job? Thats how you feel when you run a business as a student.

5) Others have proved it: Most of world’s famous and richest today started out while they were in college. Successful Entrepreneurs like Bill Gates (Microsoft Inc), Mark Zuckerberg (Facebook), Kevin Rose (Digg), Pete Cashmore (Mashable), Sir Richard Branson (Virgin Airways), Steve Jobs (Apple), John D. Rockefeller, Sr(America’s First billionaire), Orji Uzor Kalu (Ex Governor of Abia State) and many others. Some dropped out while some completed school, but the most important thing is that they discovered an opportunity while in school and utilized it effectively.

#Faith Olaniran is a graduate of Biochemistry, Federal University of
Technology, Minna Niger State.He is into Community Service and
Development Consultancy, Journalism (New Media), Child Advocacy; he is a
Creative Speaker , HIV/AIDS PET Advocate and has a strong passion for
MDGs related issues alongside Climate Change.


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Don’t Take Ideas For Granted, Alder Warns

By ‘Femi Asu

Yesterday, 10 Degrees Point Event Centre, Oregun, was filled as  participants converged on it for the Cultural Innovation Conference,  the 10th edition of The Platform organised by Pastor Poju Oyemade of the Covenant Christian Centre.

Speaking at the event , Mr. Leke Alder, the Founder and Principal of Alder Consulting, dwelt on “Modern Biology; Future Chemistry”, focusing on the fundamental of business ideas.

He said: “Ideas are huge commodities; they rule the world. Capitalism, communism, democracy are all ideas. Money itself is an idea.”

He added: “We should never take ideas for granted; we must value ideas. An idea can make you a millionaire. All you need is just one unique insight…If you don’t run with what you have, you jeopardize your future.

“Knowledge has commercial value…there are people who have wonderful ideas, but those ideas are not taking off. An idea has an inherent growth capacity. An idea is programmed to grow, to expand and to bear fruits.”

He, however, said that a good idea does not guarantee success, adding that the success of an idea will be determined by 3 things; “the soundness of the idea, the chemical or mental processing of the idea in your brain and your biological adaptation into the idea.

“If the business idea is not sound, the implementation plan will be that of an unsound idea…  How sound or sensible is the idea you have? Is it marketable?Who is going to buy it? Can a buyer afford to pay? You need to base your projection on those who are able and willing to pay. Are there enough buyers out there for your ideas. Do you have answers to potential problems. Every idea has problems.”

Mr Alder said:  “Investors don’t invest in ideas; they invest in people. You can always tell when someone has done proper homework.

“There’s a difference between an idea and an idea about an idea. Some people think they have an idea, but what they actually have is an idea about an idea – that’s a notion. Ideas are constantly seeking for hosts, but they don’t go to everybody. They go to people who are hungry, people who want to make a difference, people who want to solve problems, those who want to meet needs.

“Some people have an idea, but they just shrug it off – they miss their opportunity for greatness. Ideas potentiate you for greatness. Once you commit to an idea, it turns itself into a ‘parasite’ – an interesting one by the way. Once you  become a believer in the idea, every difficult encountered facilitates your faith.”

He added: “Wealth is created by an idea. Every idea has implementation problem. Only those who persevere reap the benefits and the rewards. When an idea present you with challenges, it is your opportunity for  creativity and  innovation.”

Speaking about the chemistry of ideas, Mr. Alder said it is about ‘how’: how are  you  going to make the idea work? It’s  a question that will make your brain sweat… Some people don’t want to think. They are not physically lazy, they are intellectually lazy. They want to take short cuts. Thinking through is the proof of your desire to succeed. You must be focused in creating a logic for your idea.”

He mentioned 5 important questions to ask: “What, how, who, where and when?” He said that the most important was ‘what’. “What is your idea? It is fundamental. The problem a lot of people have is that they cannot define their ideas in plain English. You must be able to describe your idea in a concise and precise manner.

“Your business idea must have inherent growth prospects. If you can’t see growth prospect in your idea, you have a funny idea.”

He urged participants to learn to break associations that are not good for them, saying there are networks that can trap them down.

He said: “If you are working on an idea and you are still sleeping for 8 to 10 hours, you are not working on an idea. You can’t love sleep as an idea person. A business idea must  grow on the inside of someone if it’s going to grow on the outside. There is a price to pay.

He enumerated the qualities of entrepreneurs: “They take risks; they demand efficiency; they actively seek and recognize opportunities; they are persistent and not easily deterred; they take their obligations seriously; they set clear and specific goals;  they actively  seek  and  gather relevant information; they network and are able to work without supervision.

“You need to be widely read; you need to be exposed. Your mind must be open or else you won’t succeed.”

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10 Things You Need To Do While You’re Unemployed


By ‘Femi Asu

Today, we received the comment below from nicolajames on one of our recent posts titled The Young Man Who ‘Occupied the Streets of Birmingham’ to Get a Job”:

“Good for him and I’m so pleased that he got a job this way. I’ve read about other people using similar strategies and they’ve actually been criticised; accused of looking “desperate”.

But the truth is, there are plenty of graduates who are desperate. It really doesn’t help matters when you’ve got the media telling you at every opportunity how hopeless the graduate jobs market is, when you’ve got people haranguing you about when you’re going to find a job, as though you’re actually choosing to be unemployed. Small wonder that graduates are feeling desperate.

But anyway, I don’t think this comes across as desperate at all. It comes across as someone who recognises that traditional techniques aren’t working, or someone who’s willing to try other, less tried and tested techniques. I don’t know about anyone else but that’s a quality I’d look for if I were employing people.”

Moments before the comment hit our blog, I had stumbled on “10 Things You Need To Do While You’re Unemployed”, a piece by Jacquelyn Smith. It  revolves around a new survey just released by CareerBuilder.com, the largest online employment website in the United States. The nationwide survey was conducted online by Harris Interactive, on behalf of CareerBuilder, among 3,023 hiring managers and human resource professionals between November 9 and December 5, 2011.

Now, below are what Jacquelyn says you need to do while you’re unemployed. Enjoy!

Employers and CareerBuilder experts recommended a variety of activities you should engage in to build, expand, and strengthen your skills during period of unemployment, in order to increase your marketability.

Take a temporary or contract assignment.

Seventy-nine percent would recommend doing this. Why? “The key is to get people to see your work and to see what you’re capable of doing,” says Andy  Teach, the author of From Graduation to Corporation: The Practical Guide to Climbing the Corporate Ladder One Rung at a Time. “If you do a great job, even if it’s for a temporary job, whoever hired you is more likely to recommend you for a permanent position.”

Take a class.

Sixty-one percent of the hiring managers surveyed recommended taking a class during a period of unemployment. “You never stop learning in your career, so the more technical competence you have, the better,” Teach says. “When you take a class in your field, you are also showing that you are serious about your work and that you take initiative.” Another advantage to taking a class: It’s a great networking opportunity.


Sixty percent of the hiring managers said volunteer work makes you more marketable. “When you volunteer for something, you are telling potential employers something about you as a person,” Teach says. It shows that you are passionate about something and care about helping others—and it demonstrates that money isn’t the most important thing to you, he adds. “When companies are hiring, they are looking not only for people who can get the job done but also for people with character and integrity.”

Start your own business.

Twenty-eight percent suggested doing this—but starting a business can be pricy and time-consuming. If you have the means to do it, it’s a great résumé booster and a wonderful marketing tool.

“The beauty of having your own business is that you can work part-time or full-time depending on whether or not you are able to land a job working for someone else,” Teach says. “You are also going to learn skills that are transferable if you do end up working for someone else again.”

Start a professional blog                         

Eleven percent of the surveyed employers said a professional blog can be a good way to market yourself to employers. Why? You get people to see you as an expert in your field.  “You are also conveying your passion, gaining knowledge, and separating yourself from others,” Teach says. “Potential employers will see you as having taken the initiative during your job search to blog about something you truly care about: your career.”

Follow stories on hot industries and job functions.

CareerBuilder experts say information technology, engineering, health care, sales, and customer service are among the top areas for hiring nationwide, according to CareerBuilder’s job listings. Follow the news and job openings in these fields.

Use the time to come up with ideas.

Whether it’s an idea for a marketing campaign, new revenue stream, cost savings, etc., the candidates who show up at an interview with ideas demonstrate that they are passionate, knowledgeable, and excited about the opportunity. These job seekers always stand out from the crowd, CareerBuilder experts say.

Make connections.

A résumé handed to the hiring manager directly from someone within the company is more likely to get noticed, CareerBuilder experts say. Build and expand your network of contacts through social media and professional organizations. Let friends, family and professional contacts know that you’re looking for a job, and ask for their help in finding connections to the organizations you’re interested in.

Follow up.

According to CareerBuilder, two-thirds of workers reported that they don’t follow up with the employer after submitting their résumé for consideration. It’s important to take that extra step to let the employer know you’re interested, and make sure you always send a thank you after an interview. Handwritten notes will set you apart from the pool of candidates, but e-mails are acceptable, too.

Use key words.

As long as you’re actively pursuing a job, you’ll likely be spending a significant amount of time editing and sending out your résumé. Remember to use key words. Why? CareerBuilder experts said most employers use electronic scanning devices to screen and rank candidates. You’ll want to tailor your résumé for each position you apply for, and include specific words from the job posting. Do this and your résumé will come up higher in employer searches.

“These types of activities tell the employer that the job seeker is serious about their career development and made the most of their time off,” Haefner says. “The key for the job seeker is to make the connection between how their volunteer work, blog, class, or temporary position prepares them for the next job. If they can successfully do that, their employment gaps won’t be an issue.”

Source: FORBES

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