Topic: ATTRACTING INVESTORS
Preamble:
In the next 30,50years were will you be? we have hard about various products and there producer the likes of
Steve Job – Apple
Brian Acton - WhatsApp
Bill Gates – Microsoft
Mark Zuckerberg - Facebook
Aliko Dangote – Dangote Group what will you be remembered for?
Thirty years from now, you will be more embarrassed by things you did not do which you have the capacity to do than by the ones you did.”
Entrepreneur can be defined as.
Wealth and life fulfilment is the result you get for meeting peoples’ needs through your gift or natural endowment
AS AN INVESTOR, WHAT CAN I INVEST?
1:Resources – according to English dictionary this can be defined as Something that one uses to achieve an objective, e.g. raw materials or
personnel,A person's capacity to deal with difficulty.
2:Money -A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.
A generally accepted means of exchange and measure of value.
A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
Hard cash in the form of banknotes and coins, as opposed to cheques/checks, credit cards, or credit more generally
3:time -A measurement of a quantity of time; a numerical or general indication of a length of progression
4:energy -An intangible, modifiable force (often characterized as either 'positive' or 'negative') believed to emanate from a person, place or thing and which is (or can be) preserved and transferred in human interactions; shared mood or group habit; a vibe, a feeling, an impression.
5:Intellectual property/resources
WHAT DO INVESTORS LOOK OUT FOR IN EVERY BUSINESS?
1:A well defined brand/packaging-as an investor you must at list make use of every means to package your brand,in order words cleanliness is next to godliness
2:A well layedout plan of what you intend to do- before you start anything about business you must have a very good idea of what you are into and you must have read not just one or two books
3:A well structured business plan- when planing make sure you have your own standards and make sure you have people who can see and bring your plan to fulfillment
4:Developed a friendly business environment-your character is very important your way of life,your attitude towards your worker.
5:Having a realistic business pursuit-set a goal on what you want the company to archive in terms of production.
6:Viability of the business-as person you must make your self avalable at all time.
7:the business environments – internal and external the location this time around is very important don't go and open a pure water and stay were their is no light it is very dangerous etc.
8:the profitability index
9:the debt profile of such a company
10:what the future portends for such a business
11:the assets wealth of such a company
12:the calibre of its directors or CEO
13:the goodwill of the business (Integrity) as a CEO integrity is very very important in your life in the aspect of time and timing when you promise to deliver a goods at a particular time always make it a date.
A POINT OF CONFUSION, FEAR AND INDECISIVENESS
What percentage fell into each category?
The biggest difference between entrepreneurs is that, he comes to know a freedom very few people will ever know. It is not simply a matter of having a lot of money or free time. It is the freedom from the fear of FEAR itself; while
Employees seeking security will often live two lives - the life you live and the unlived life you know you could have lived.
UNDERSTANDING INVESTMENT
Investment is time, energy, or matter spent in the hope of future benefits actualized within a specified date or time frame. In finance, investment is buying or creating an asset with the expectation of capital appreciation, dividends (profit), interest earnings, rents, or some combination of these returns.
Investment and investing is distinguished from other uses of money (such as saving, speculation, donation, gifting), in that the deployment of money is done for the purposes of obtaining a positive expected return.
The Story of the Eagle…
Please, Learn a Lesson Here
The eagle has the longest life-span of its species
It can live up to 70 years
But to reach this age,
the eagle must make a hard decision.
In its 40’s
Its long and flexible talons can no longer grab prey which serves as food
Its long and sharp beak becomes bent
Its old-aged and heavy wings due to their thick feathers become stuck to its chest and make it difficult to fly.
Then, the eagle is left with only two options: DIE or go through a painful process of change which will last for 150 days.
The process requires that the eagle fly to a mountain top and sit on its’ nest.
There the eagle knocks its beak against the rock until it plucks it out.
After plucking it out, the eagle will wait for a new beak to grow back and then it will pluck out its talons.
When its new talons grow back,
the eagle starts plucking its old-aged feathers.
And after five months, the eagle takes its famous flight of rebirth and lives for 30 more years
INESTMENTING WITH THE FUTURE IN VIEW
WHAT DO I NEED TO KNOW AS A “WOULD-BE” ENTREPRENUERER?
Wealth and life fulfilment is the result you get for meeting peoples’ needs through your gift or natural endowment. This is the definition of Entrepreneur.
UNDERSTANDING THE PLACE OF INVESTMENT AS ENTREPRENEUR
AREAS OF INVESTMENT:
Self Discovery Investment
Knowledge Investment
People Investment
SELF DISCOVERY INVESTMENT
The greatest discovery in life is self discovery and the greatest development is self development. In other words, if you don’t become the kind of person that can do what you want to do, you may not be able to do what you want to do
PRINCIPLE I
Until you know who you really are, you will not know the right company to journey with, what to do (Purpose) and hence, live a life of someone else, do what someone else is meant to do – (Acton – rejected by Facebook and Twitter) – in 2014, $19b was offered to him by Facebook in order to buy over his product (Watsapp) which he rejected – Currently, Watsapp has about 450million users monthly.
PRINCIPLE II
You cannot be great without being PURPOSEFUL and you cannot be purposeful without understanding yourself.
Acton’s tweet on August 4, 2009.
“Facebook turned me down. It was a great opportunity to connect with fantastic people. Looking forward to life’s next adventure.”
Brain Acton dropped out of San Jose State University, but holds degrees in Computer Science from University of Central Florida, University of Pennsylvania and Stanford.
Whatsapp currently has over 450 million users per month, with a million more signing each day. In several emerging markets, Whatsapp is much more popular than Facebook. According to a survey conducted by Jana Mobile, in India, 55.08% of the 120 respondents said they use Whatsapp for messaging as against 0.85% that said they use Facebook.
CONNECTION BETWEEN SELF, PURPOSE AND TALENT DISCOVERY
The same way you have the understanding of a complete man as one having spirit, soul and body, you must come to appreciate that to make it in life, the understanding of the connection between the knowledge of yourself, purpose and talent is very important.
PRINCIPLE III
You cannot be purposeful (successful entrepreneur) if you don’t have the understanding of the rooms you housed
PRINCIPLE III
You cannot be purposeful (successful entrepreneur) if you don’t have the understanding of the rooms you housed
HOW TO DISCOVER YOUR TALENT:
The knowledge of yourself and your strength.
What stimulates you easily when you see others doing it.
What you can do over and over without being paid
What you do easily where others struggle
What occupy your mind that you can’t but think of
What you love doing
KNOWLEDGE INVESTMENT
Knowledge investment pays the best dividend, that is why in five years you will be pretty much the same person you are today except for the books you read and the friends you keep.
Dr. Grey Erhabor’s School of Thought is that; “if you don’t read, you will become a slave to those who read”.
PRINCIPLE IV
Two people with the same talent but with different level of knowledge will always end differently.
To become a successful entrepreneur you must have a working knowledge about the business you plan to start before you start it.
The best way to become qualified is to go to learn or work for someone in the same business
Improve on your talent daily.
Attend seminars or classes you can on the subjects you need and read relevant books.
Ask questions or seek help from the most successful people in your intended business.PEOPLE INVESTMENT
To make it as an entrepreneur you need the PRO of every vision
P – People
R – Resources
O – Opportunities
The greatest asset of any entrepreneur is people
PRINCIPLE V
Success in life depends basically on knowing where you are going and also knowing how to effectively work with people (The greatest assets) and together achieving the set goal.
Most of your joy in life comes from your happy relationships with other people and most of your problems in life come from your unhappy relationships with them: Most of your problems in life are people’s problems
Inability to really understand people is the primary reason for failure, frustration and unhappiness in life and work.
HOW TO BUILD YOUR GREATEST ASSET
A) UNDERSTAND YOURSELF AND DEVELOP A MAGNETIC PERSONALITY
The way you see others is a reflection of yourself.
If you’re not comfortable with yourself you cannot be comfortable with other
THE LENS PRINCIPLES:
Who you are determines how you see others.
THE LAW OF CORRESPONDENCE:
Your outer world of relationship will correspond exactly to your inner world of thought / feeling
Characteristics of People with Healthy Personality:
He/she deliberately looks for good in others & situation
He/she freely forgives people that hurt him/her
He/she gets along easily with different kinds of people
He/she expresses sincerity instead of impressing people
He/she appreciates the differences in people.
B) PUT AWAY CHILDISH THING: ALWAYS PUT OTHERS FIRST
“When I was a child, I spake as a child, I understood as a child, I thought as a child: But when I became a man I put away childish thing.”
GENERAL CHARACTERISTICS OF A CHILD
Selfishness/Self-Centeredness: A child thinks of him or herself.
John Maxwell has it to say that “We often expect maturity to come with age, but the truth is sometimes age comes alone. An attitude that says, “Save time-see it my way,” can be lifelong unless a person chooses to fight against it.”
William B. Given Jr. – Observed: Whenever you are too selfishly looking out for your own interest, you have only one person working for you – yourself. When you help a dozen other people with their problems, you have a dozen people working with you.
Basic Principle in Building any form of Healthy Relationship
IN LEADERSHIP:
A mature leader have an “others first” attitude and use their position for serving people, taking responsibility, being a role model and giving others credit.
But a childish leader want to always take the glory. He/she has a “me first” attitude and use their position for personal benefit.
Characteristics of a Mature Person:
He/she is teachable
He/she practices acceptance
He/she has attitude of gratitude
He/she genuinely admires others
He/she genuinely approves others
He/she genuinely listens to others
C) BUILD CREDIBILITY: TRUST, FOUNDATION OF PRODUCTIVE RELATIONSHIP
To succeed in building a good, healthy and productive relationship, you must first work on your character. You must make a conscious and deliberate effort to match your words with your deed and your behaviour with your value.
Great success involves great people and building great people involves honesty, truthfulness and straight dealing with them under all circumstances.
Many people have sabotage wonderful relationship because their lives have been soiled by unjust gains, falsehood and various other forms of vice.
No matter how great you are in anything, if people cannot trust you, you cannot really connect with them.
What you SAY – Your utterances especially when you meet challenges of life and business. Aspiring Entrepreneurs must be strong willed, persistent and never daring.
Steve Job – Apple
Brian Acton - WhatsApp
Bill Gates – Microsoft Mark Zuckerberg - Facebook Aliko Dangote – Dangote Group
These individuals are great THINKERS
Who is next here: right here in this hall?
NB: The future is sure, dare to THINK & ACT Positively about it.