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Showing posts from October 28, 2018

STRENGTHENING THE POOR 35

A couple who wanted a house were been shown around by an agent, the house they were inspecting caught the attention of the couples, and they were ready to pay for it immediately but the agent kept talking about another house which according to him was better than the one the couples were interested in. so he agreed with the couples to take them to this other house the next day, but unfortunately for him, the couples never showed up, that was how he lost his potential profit. To build a mega business, you must learn to wrap up deal as quick as possible. To build a mega business, you must train the African child to put the need of the customer first even if it different front his, and he must be quick to wrap up deals in accordance to the need of the customer. Not what you want for the customer that matters but what the customer wants for himself. Business are established and wrapped solely on the need of the people; whether its product or services, its wrapped around the need of t

STRENGTHENING THE POOR 34

I was traveling to Illorin and the bus broke down on the way in the middle of the night, I became confused then suddenly a thought that'll trigger hope in me hit me 'find out amongst other passengers who is heading to Illorin'. I started inquiring who was going to Illorin and  I found 5 passengers, so we came together and because we were together, we could plan and hire another vehicle who considered taking us to Illorin because of our number. To build a business, associate yourself with others with similar dreams, because soon the going would get tough. During winters lone wolf dies but the packs survives; the cold freezes lone wolf but packs survive because they come together and generate heat, yes, the goings would definitely get tough and only those who had formed a network with other business minded men would survive and thrive through difficult times. To train the African child to overcome discouragement as he builds his business, let him surround himself and ne

Strengthening the poor 33

Around 1998 I noted that in the quarters that we lived, buying bread was coming every morning because i used to run errand for most of our neighbors. The place where the bread is sold is like 500 meters away so my elder sister and I decided to be buying in bulk and sell to those living in quarters. When we started the first round, we made profit, and we saved the profit and when we went second round we made more profit but that would mean doom for our small business. My elder sister was so happy with the profits that she decided we use the profit to buy more bread, I tried explaining to her that if we do, we won't be able to sell all, that we just need to maintain the amount of bread we buy for now. She was insecure and it was like I was challenging her authority thus she refused to reason with me, she exerted her authority and used the profit to buy more bread, but that would damn the business, the usual amount we used to sell was the number of bread we sold because our custome

STRENGTHENING THE POOR 32

A CEO was sharing his experience on how his business thrived through an economic recession and expanded afterward. He said that one of his staffs came to him and advise him to sell more of his company's shares to as many people as possible, and he did. Though it wasn't reasonable at that time to sell more of his business units; he was not in need of money and there was no plan to extend the business, but he just followed the advice and sold more of his company shares so when recession hit the economy, they had enough money to hold on and relaunch immediately and because they were the first company to recover, they henceforth dominated the market and every competition. Hire people you'll listen to when they counsel you as you run your business and not those you'll keep telling what to do. the best people to listen to are those who loves the company and the vision driving the company. Train the African child never to put himself in the situation where he won't l

STRENGTHENING THE POOR 31

Bright a Rebrander shared with me how his business crumbled because he allowed a family member to handle it, his story is similar to the stories of scores of people who had lost their businesses because they committed it into the hands of unskillful family members and very close friends. Business is not run on emotionalism, you only put business minded people in charge of businesses. Whoever that doesn't treat business as business, who uses family ties and friendships as a way out of being held accountable for the business isn't worth handling your business. To train the African child to build business, let him only put business minded people in charge of his business, and not those who can't be held accountable for the poor performance of the business because they are close friends and family relations. If your son is not business minded, let a stranger who is, be in charge of such business. Business is not run on emotions, but reasons and skills. Whoever that does

STRENGTHENING THE POOR 30

I went to visit a friend, and noticed she was always complaining of shortage of cash during our discussion unlike her. What happened to your business I asked? It folded up she replied promptly. At that moment I noticed a sorry look on her face, what happened that your business closed down? She said, 'when I lost my mom, I became so devastated and I couldn't attend to the business any longer and hence it started dwindling till I could no longer handle it, so I closed it down.' Didn't you have any other person to run the business in your place till you became healed emotionally? No, I didn't she replied with regret. To train the African child to build business, let him automate the business i.e. set up the business in the way that it will continue with or without him. Don't make the running of the business be 100% dependent on you, train others to play your role in the running of the business in case you aren't there at any time for any reason. Two head

STRENGTHENING THE POOR 29

The shoe is bigger than your leg, the person who designed the shoe didn't measure it well the sales man said. My friend had an unusual leg, and most of the places he goes to buy shoes, the sales men usually deride his leg but this one was different, he derided the shoe maker and not his leg. My friend decided to be buying every other thing from him because he was the first sale man not to deride his leg for being different. Communication skill is very important in building up a business. You must put the person first before the object to be sold or the service to be rendered. How you care for the person's feelings would determine how serious the person would patronize you. 'I guess your money is not enough at this moment to purchase this', 'may be another day you'll be able to afford it', 'you probably have other priorities that's why you don't want to pay for this now' etc. are examples of ways to talk to a customer who doesn't have en

STRENGTHENING THE POOR 27

It was during the war (Nigerian Civil war) that a man received news that his only son who was conscripted is dead, he mourned him and conducted a burial for him. After two years another solder who was conscripted with his son came and told the father that his son is alive and that he sent him gifts. The father refused to believe until this soldier showed him the picture he had snapped recently with his son. The picture has the date it was snapped written on it. when the man became convinced, he decided to trek to Enugu from Uzuakoli (134Km) where he had his son was carrying on a basket filled with some tuber of yams, packaged Garri and some fruits, he told himself that he must see his son. By the time he walked only 1km, he collapsed under the weight of his basket but as he lay down, he remembered that he had told himself that he'll trek to Enugu and see his son, he got up and trekked with that basket. Where does the strength to achieve great things come from? The answer is simpl

STRENGTHENING THE POOR 28

We wanted to go and buy some goods, the child that was with me insisted we don't buy from the closest shop and when I inquired why? He said referring to the man who sells are the closest shop, 'he doesn't laugh, always frowning'. People first buy into your mood before they buy your goods and services and if they don't like your mood, they may not buy your goods and services. The first quality of a good salesman is a good mood, once your mood is great, more people would be attracted to it and consequently buy your goods and services. There are a lot of sadness in this world, people are seeking for whom to at least brighten their day and not make it worse. therefore, if you can learn how to smile and maintain excitement, you don't need any other sales skills to sell. To work on your mood, deliberately tell yourself every day that you'll never be sad in your life, forgive because you are doing yourself a favor, list out things you are grateful for in your l