Hello, welcome to my world, the year is fast running out, you must have started taking stocks of how you drove your resolution at the beginning of the year. Did you hit the mark? Sure you did!!! But incase you did not, its not too late, God who created the whole world in few days is still on the throne. It can not take him 60 days to recreate your destiny. Hang on to him, its not over until you excel.
Back to my discourse on starting and running your own business. The bible says God holds everything by the words of his power, everything, everything including your business. A diligent bible scholar knows the power of knowledge. It is not the effort that counts, effort without knowledge equals frustration. The labour that gets commensurate reward is labour with knowledge and discretion. Wisdom is the principal thing. That's why the word says in all thy getting get understanding.
Let me shed more light on the power of applied knowledge called wisdom, in business building. The story culled from Robert Kiyosaki’s book titled cashflow quadrant will help drive home my point..
As you will soon see, it's a story that details the key differences between the life of an employee and the life of a business owner. If you have a burning desire to become wealthy and retire early, don't miss this incredible story… Enjoy it
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The Story Of The Empty Water Supply
There once was a small village, in a town far, far away that had one tiny little problem. They didn't have a water supply. The only time that they could have water was when it rained. To solve this problem, two men from the village volunteered to find a way to provide water for the people.
The first man, John, immediately bought two large buckets and started going back and forth to the lake that was about a mile away. He placed the water into a huge concrete tank that the village had built. Each morning, he would get up early before anyone else so there would be a water supply for everyone. For five days a week, John worked diligently. He was having great success the first few months because the other man, Fred, seemed to have disappeared.
Where was Fred at for all of this time?Well, Fred wrote a business plan to run a steel pipeline from the lake to the village. He hired contractors and found some investors that were willing to pay all of the initial costs. He even hired a president to run the company.
Once everything was set up, Fred charged 75% less for his water than John. He could also provide it 24/7 unlike John who always took the weekends off to rest.
To make up for this, John immediately dropped his prices to match Fred's. He also bought two more buckets and started carrying four buckets instead of two on each trip to the lake. He then hired his two sons to work weekends so the village would be in constant supply.
John worked very hard all of his life moving buckets of water from the lake to the town. Fred, on the other hand, didn't really need to do anything. Everything had been set up in the beginning. Fred realized that if his village needed a water supply, there were probably many other villages just like it that needed water.
He went out with the same contractors and investors and started building water pipeline to several other villages. Fred became very wealthy. And the more successful he got, the less he had to work. He simply hired more people that would do all of the work for him. All he really had to do was collect his portion of the profits at the end of the month.Not only did Fred build a pipeline to run water to the villages, he built a pipeline that poured money in his bank account. The end.
What You Can Learn From All Of This
1.Wisdom in action.
This story shows us the difference between what life is like as being self-employed and what life is like as a business owner.
The most important thing to learn from this story is what happens to each person over time. With John, his days of hauling buckets become more and more difficult. The more successful he got, the more he had to work because the water in the tank started to get low. When John took a few days off or went on vacation, his income stopped. And his customers were unhappy.
Fred, on the other hand, never really had to work once everything was set up and he hired a president to run the corporation. He worked smart in the beginning to allow the financial freedom that he has today.
Fred was taking a risk in the beginning, but it was calculated risk. All he had to do was convince his investors that it would work. Then, all of the financial risk was on them. When all was said and done, Fred got rich, the investors got rich, and the contractors and President made a nice steady income. And the most important thing…
The people in the village were happy!
Ask yourself whether your current work is hauling buckets or building a pipeline. Are you headed toward the life of John and working harder and harder with the more success you have? Or are you living like Fred and becoming more and more financially free with time?
If your dream is to become a business owner then go for it! Don't let the risk bother you because hauling buckets your whole life is far more risky. You need to hunger after accurate knowledge, it is not just good enough to work hard, you must work hard doing the right thing. Go after wisdom, it is your sure bet out of trials, his wisdom will sort you out of any shackles around your life, business and career. Until next month. Take charge.
Busayo Ogunmade
CEO/PUBLISHER.
Busayo Ogunmade is a business development consultant, motivational speaker and businessman/Entrepreneur. He can be reached on 08034101694 or learningplatformcd@yahoo.com
