1. Value Every Moment: Remember, a single minute lost to procrastination can erase the progress of a month's hard work and discipline. Stay focused and make every moment count. 2. Wealth's Silent Power: True wealth isn't about flaunting riches; it's about multiplying them. Rich individuals understand that real success comes from wisely investing their resources, making each dollar work for them. 3. The Dream of Passive Income: Imagine the ultimate flex: earning money while you sleep. It's the dream of financial independence that drives many to seek passive income streams, where your money does the heavy lifting. 4. Quiet Victories Speak Loudest: Winning isn't always about showing off. Sometimes, the most meaningful victories happen in private, away from the spotlight. Not everyone needs to witness your journey; focus on your own growth. 5. Choose Your Circle Wisely: Surround yourself with like-minded friends who inspire and push you to be your best. The company
By Strive Masiyiwa
Now there's a new "gold rush" which started since the telecoms revolution gave birth to the rapid expansion of the Internet. Every single day, entrepreneurs across the world, including Africa, are launching tens of thousands of businesses on the Internet!
In my last post, I wrote: "Afterthought: When you think about building a business on the Internet, there are five things you should be thinking about:
#1. How can I use the Internet to help grow the business we already have? There is no entrepreneurialactivity that cannot benefit from the Internet. Websites, social media platforms, are all platforms that can be used to grow your business in terms of its sales and profitability by reaching more customers, quickly and cheaply.
It will quicken your growth. It is key to getting to the global marketplace.
#2. How can I use the Internet to spur innovation?
#3. How can I use the Internet to lower barriers of entry, including capital and cost?
#4. How can I use the Internet to access skills, expertise, and partnerships?
#5. How can I build actual Internet businesses?
This last question takes the game to a completely new level altogether. It will be the subject of my next post."
I promised to discuss #5, so let's get started: You and I are now on a platform called Facebook. Most people who use Facebook don't even stop to think that it's a business. I have even had people write me through Facebook and say they would like to be on the Internet!
You probably use WhatsApp, another Internet-based business. Perhaps you have used Uber, or bought things on Jumia and Konga, and you used a search engine from Google or Yahoo. All these businesses rely on the Internet.
Facebook first launched in 2004. It's now worth $430+bn, close to the GDP of two of Africa's biggest economies like Nigeria at $486.8bn (2015- World Bank) and South Africa at $317.6bn (2015- StatsSA). Google (Alphabet) is even bigger at about $645bn, last time I looked.
The titans of the Internet -- Alibaba, Amazon, Facebook, Google and Tencent -- are all bigger than nearly all mining, manufacturing, telecoms, and natural resource companies in the world today! Even the likes of Apple and Microsoft are only able to compete with them because they manufacture phones or provide software used to access the Internet.
Almost all these companies were started by young people, often whilst still at college. Many aren't even 40 years old. These guys never knew there was such a thing as tenders on government contracts. They knew no ministers of government, and had never met a President!
__You do not need powerful friends and relatives in high places to get access to the most valuable piece of "real estate" in the history of the world. What you DO need is access to the Internet!
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