2017- WHAT DO YOU HAVE FOR US?

Dear Tweeps,

Welcome to 2017, it has been a long journey here today and yes I am sorry for leaving this page unattended to for months, you can say the pressures and demand of work has got the better part of me, you are so correct.

I’d say this again, welcome to my blog again and sincere apologies for the absence, It would certainly be better this year as I am starting off on a good foot. 2016 was a horrific year as many would say and to the best of my knowledge a whole lot of people have lost their jobs and the cliché now “The dollar is high” has taken over the airwaves thus we have lost the sense of our daily life, the economy is in a steady nose dive and all indices are not looking good, daily we hear news of millions of dollars looted by some of our leaders and you wonder how this country is still around amidst the mass looting.

I feel bad when I go out daily and the news is same, the dollar has hit all time high and very like Nigeria anything that goes up never comes down. So at this rate we are stuck on it.

From my previous post, these are the years of the biblical – years of lean, where we failed to save now we are reaping the fruits of failure to decide. Our leaders have failed to save, failed to invest, failed to plan for the future, now we are in the mess that seems to suck us all in.

Away from the failures of the leaders, this is the time to plan and position for the coming years of plenty, we would soon hit the boom and only the wise and the strategic would be the only set to partake in the boom, what are you doing now to prepare for the future? Are you still complaining and nagging about the old politicians? Are you still dwelling in the past and how the promises made are not been met? Then your world is slowly ticking away. Tomorrow is a factor of today’s decisions and when you make right decisions your tomorrow would be guaranteed. Continue reading

Leave a comment

Filed under Liberation, Love and relationship, Nigeria, Science and life

Recession: Surviving the Years of Lean Cows, By Olu Akanmu

Nigeria’s recession, our own years of lean cows, is characterised by very high inflation, declining real wages and accelerating unemployment and underemployment. It manifests on businesses in three ways, which are the massive contraction of market demand, rationalisation of demand and the trade–down of market and product preferences as consumers shop for value. There are nine ways a business can respond to recession and pull through this challenging period.

“and the cows that were ugly and gaunt ate up the seven sleek, fat cows.” – Genesis 41:4

“and the thin heads of grain swallowed the seven healthy, full heads.” – Genesis 41: 7

 

This article discusses what businesses can do to pull through the years of recession. The years of lean cows are the years of famine akin to the years of economic recession. When Pharaoh dreamt, in biblical history, Egypt mobilized to prepare for famine or economic recession by building strong national reserves of grains in its years of boom and abundance. With such strong national reserves or savings of grains, the biblical Egypt of Pharaoh was able to minimize the impact of famine on its people even when it lasted for seven years. There was however a country whose Kings did not save its grains in its years of fat cows because these Kings did not dream; they had no vision and lacked foresight. When famine, the years of lean cows, came, there was limited supply of grains available in the country. Grains became so scarce that there were long queues of citizens to buy the limited quantity of grains available from the national warehouse.

The King, out love for his people, decreed that the now scarce and limited national grains should be sold to the people at the same price or close to the price they used to buy in the years of fat cows. Grains had, however, become more valuable in that country because of its limited supply in the now years of lean cows. The queues for grains were so long that millions of the citizens who wanted the scarce grains were willing to pay far higher prices than the official price decreed by the King, reflecting the true value of the scarce grains. This created very significant rent-seeking opportunities in the sales of the scarce national grains. A citizen would also need to be well connected to access the grains even if they are the most economically efficient user of the scarce national grains. This was because the queues for grains were so long that no one was certain when it would get to their turn if they stayed on the queue, as the supply in the national warehouse got depleted.

As the grains supply got depleted by the day, their value to the citizens increased at higher premiums to the King’s official price. The state was now selling its grains at old prices, lower than their real value, at far lower revenue, which constrained its ability to replace the stock of grains it had sold, such that the national grains reserves began to fall rapidly, creating even further scarcity. Meanwhile, there were merchants in overseas countries where there had been good harvest of grains. Those merchants would like to bring in ships of grains to the country to sell in very large quantities. They could see the demand from the scarcity in that country but they lacked the incentive to bring their ships of grains because they had to sell at that large quantity at the official decreed price, far lower than the true value of their grains. Therefore, there was very limited private supply of grains into that country to complement the limited supply of the King. The famine and recession therefore got worse and became unnecessarily prolonged beyond its natural course. Extrapolating this analogy, it is certain that if the biblical Joseph were Nigerian, he would have advised against an inflexible exchange rate policy in our current economic situation.

Nigeria’s recession, our own years of lean cows, is characterized by very high inflation, declining real wages and accelerating unemployment and underemployment. It manifests on businesses in three ways, which are the massive contraction of market demand, rationalization of demand and the trade–down of market and product preferences as consumers shop for value. There are nine ways a business can respond to recession and pull through this challenging period. The first is in re-engineering your product and services for value to keep them at affordable prices for consumers. Toothpastes and packages of consumer goods are now getting smaller to keep them at affordable price points. You can also take out the bells and whistles in your product to keep them at affordable prices. Bells and whistles are product ingredients that may be twenty percent of your cost and deliver only five percent value to your customers. By taking them out, you can effectively shave fifteen percent off your cost, making your product or service more affordable.

…find customers who can replace the import content of their product with your own local product. Today, retail chains, with their shelves getting empty because of their inability to import, are looking for local agriculture processed products to replace previously imported ones. Are there such opportunities in your own industry or in adjacent industries where you can become an effective, cheaper and available local substitute?

The second way your business can respond is to make your route to market more efficient. Find partners who have a wider market reach and plug into their platforms. It will be cheaper than doing it yourself, especially if you are a small business and your scale is small. You may, for example, plug into established digital and e-commerce aggregation platforms to reach a wider market while developing your own websites for more people to reach you at a lower cost. The third way is to find if there are new value segments emerging in your industry or market because of the recession. Enter such value segments early to colonize and dominate them. Such emerging value segments will be usually small and may not be able to accommodate more than one or two brands profitably. The first brands to get in are the ones who can build a minimum profitable scale, while the third and fourth will have very little market left to harness.

Fourthly, your business can identify markets, sectors or segments that are resilient and realign your commercial investments around them. Despite the famine in Isaac’s time in the book of Genesis, Isaac sowed and prospered because he had the skills of finding wells in dry and famine ravished lands. Identify your more resilient markets and realign your commercial investments to focus on those need or geographic segments. The fifth way your business can respond is to rationalise your product scope, offering and store-keeping units, to make them efficient in line with market reality. Are there products or product lines that consume twenty percent of your working capital but deliver only five percent of revenue and have done so stagnantly over a long period? Such product lines are candidates for rationalization to make your commercial programme more efficient. You must however be careful to preserve your core strengths and market advantages, even as you rationalise your offerings to ensure you can take full advantage of next market upturns when the economy gets out of recession.

The sixth is to increase the local content of your product to make your business less forex dependent. This also ensures that you can keep your prices affordable. The seventh way is to find customers who can replace the import content of their product with your own local product. Today, retail chains, with their shelves getting empty because of their inability to import, are looking for local agriculture processed products to replace previously imported ones. Are there such opportunities in your own industry or in adjacent industries where you can become an effective, cheaper and available local substitute? The eighth way is to run tactical promotions to stimulate demand. Lotteries and lottery-leveraged initiatives interestingly become more appealing to mass market customers as economic situation bites harder. The ninth way your business can respond to recession is to explore export opportunities for your products, which will give amplified local currency returns even at relatively small scale.

Best wishes to your business in the new-year.

Culled from the Premium Times

Leave a comment

Filed under Uncategorized

EMPOWER THE CORPS (ETC) a CDL initiative

Introducing Empower The Corps (ETC) a product of Credit Direct Limited (a member of FCMB Group Plc) which provides quick loans to NYSC corps members while in service. Are you a serving Corps Member accepted in your Place of Primary Assignment (PPA) and you need to urgently attend to some financial needs like start a small business, buy white goods for your room, pay rent, obtain a certification, attend a training, and learn a new skill or some other financial obligation? Look no further!

The Empowering The Corps (ETC) scheme has got you covered.

 

ETC Business Starter Package

 

Leave a comment

Filed under Credit Direct Limited, Uncategorized

QUICK LOANS FOR CORPS MEMBERS….a CDL initiative

first Pix

Introducing Empower The Corps (ETC) a product of Credit Direct Limited (a member of FCMB Group Plc) which provides quick loans to NYSC corps members while in service. Are you a serving Corps Member accepted in your Place of Primary Assignment (PPA) and you need to urgently attend to some financial needs like start a small business, buy white goods for your room, pay rent, obtain a certification, attend a training, and learn a new skill or some other financial obligation? Look no further!

The Empowering The Corps (ETC) scheme has got you covered.

Second Pix

No matter who you are and what your needs are? We have 4 unique packages to help create an easy and convenient life for you while in service. Continue reading

Leave a comment

Filed under Uncategorized

2015 in review

The WordPress.com stats helper monkeys prepared a 2015 annual report for this blog.

Here’s an excerpt:

A New York City subway train holds 1,200 people. This blog was viewed about 4,700 times in 2015. If it were a NYC subway train, it would take about 4 trips to carry that many people.

Click here to see the complete report.

Leave a comment

Filed under Uncategorized

NEVER NEVER QUIT

The moment you start believing you’re successful enough to rest on your laurels, you’re in trouble. You’ve put a lid on your growth! Solomon wrote, ‘Do you know a hard-working man? He shall be successful and stand before kings!. Success is always a possibility, but never a guarantee. It belongs to the man or woman who’s willing to show up early, stay late, go the extra mile, and keep asking, ‘Is there a better way?’. An agency once created an ad for an automobile company. It said, ‘At sixty miles an hour the loudest noise in this new Rolls-Royce comes from the electric clock.’ When they ran the ad by the company’s CEO, he smiled and said, ‘I guess we’ve got to do something about that clock!’.

A young man once asked Henry Ford, ‘How can I make a name for myself and be successful?’. He replied, ‘Decide what you want, then stick with it. Never deviate from your course no matter how long it takes or how hard the road, until you’ve accomplished your purpose.’ Successful people have one thing in common: they refuse to quit! No matter how many times they fall, they get back up, dust themselves off, learn from it, and start over. Paul J. Meyer says, ‘Ninety-nine per cent of those who fail are not actually defeated, they simply quit.’ The Bible says, ‘To win…you must deny yourselves… things that…keep you from doing your best’. The only people who never fail are those who never try. So keep going, and don’t even think about quitting!

I have had my fair share of staying on, I recently had a rough few days with my CEO and felt it was that time to shut the door, but knowing the next thing to do is not to quit but rather to get the next best thing to do that would help make better impact on the company. I walked to him and got the rude shock, he was actually expecting me to show up for this chat and new direction. Most times people do not take caution in making big decisions, risks are good, calculated risks are better. Watch your steps before you leap, do not jump blind. Do not stay on one spot for long, Move, Evolve, ensure to step up in all you do and notice how life changes around you.

Look up and look big.

Cheers.

 

Leave a comment

Filed under Liberation

LESSON I LEARNT FROM AN ODD PLACE

I was on my way back from a friend’s engagement in Edo state. I traveled by bus, this is because I could not summon courage to drive from Lagos down to Benin besides it was my first time going there.

Back to my story, so there I was in the bus, when this man, came in shut the rolling door behind him and then said, “Let Us Pray” “Oh Dear Lord,” I thought “Not today.”

You see, the truth is I don’t like these guys who pose as Pastors especially in bus-stops. It doesn’t take going to Jupiter to know that they’re just hustling for their daily bread.

They clutch a Bible, and then pray and of course at the end ask you to donate money.

I have even heard rumours that they share their collections with the bus drivers.

Anyways, the thing is I ALWAYS decide BEFOREHAND not to give these obviously fake Pastors any kobo.

But There’s Was Something About This Guy! He was entertaining. He told stories, he made jokes.
Damn I even laughed at one of them. Then he said he didn’t want our money! What?!!! A “Bus” Pastor doesn’t want money?

Who is this guy?

Then he began to preach. He used a clever analogy and Bible interpretation. I felt myself grinning with him. This man thoroughly finished me because at that point, I was about reaching into my pocket.

But Our Pastor Wasn’t Done Yet! He told even more stories, and jokes and admonitions.

The he began to bless us, our children, our wives, our parents, our businesses.

He then said he doesn’t need a donation from those who didn’t have it to give or who didn’t want to give, he said if we felt blessed by his message then we should give ANYTHING we wanted to give! This man was good. Immediately I just felt I should give him even more than I originally planned to.

So I gave a N500 then he again prayed for everyone, including those who did not give him a dime. You know what? I can’t really say if this guy was fake or not, but he did impress me. He was different and that’s what you too should be different.

If you want to make money and make a lot of it, you need to follow the lessons this ‘Pastor’ taught me on this day;

Step One: Have something to sell:  This guy had something he was selling – prayers.

Prayer my friend is one of the highest selling products/services in Nigeria. Doubt me? Go to any
Church near you next Sunday and see for yourself. Most people think they will make money without selling anything.

Crappy thinking, dont think crappy thoughts. You’re far better than that. Continue reading

Leave a comment

Filed under Science and life, unlimited power

RIGHT ATTITUDE

Dear Readers,

Thank you for holding in, I have had a busy schedule at work and every time i come here, i experience bloggers drains which limits my creativity to drop you a line, the past week has had some juicy stories from the death faking to the huge loss of my team @chelseafc.. buh I am here now and wish to stay steady on writing, I have a piece to share this morning before I leave for my exams

Attitude is everything, without it a man is just simply a moving object, no matter how you display it, your body language gives you in most times.

Attitude is more important than facts. We are the sum total of our attitude in life. Developing a right attitude is a personal commitment by individuals. The most valuable character asset anyone can possess is a right attitude. Your attitude as a valuable personality trait is the first thing others can read about you. We may not be able to change our body type but we can learn to cultivate a right attitude even where someone exhibits a bad trait.

A positive attitude may not be hereditary but it can be acquired as we journey through life. Bad attitude can be made better and while a good disposition can become greater. We are product of our attitudes. Cultivating a good attitude will influence our interpersonal relationships.

A right attitude positions us for opportunities, favour, goodwill and promotion in life while negative attitudes rob one of needed opportunities. Everyone can choose a right attitude over a negative one. If you desire the right attitude that works this morning, you have to cooperate with God, allow Him to help you overcome any challenges associated with your relationships.

Leave a comment

Filed under unlimited power

WORD FOR TODAY

‘The wise accumulate wisdom.’ So keep learning. Knowledge in most major fields is exploding, and if you don’t stay up to date you’ll be left behind. Repeating the same lessons over and over means you’re not learning enough. Study those who’ve succeeded where you want to succeed, in order to know what to do and what not to do. U.S. Admiral Hyman Rickover said, ‘Learn from the mistakes of others; you’ll never live long enough to make them all yourself.’ So:

1) Respect those with experience and expertise greater than your own. Instead of shrinking away from them, reach for them. The Bible says, ‘God has given each of you some special abilities…use them to help each other…’ We all struggle in certain areas; be careful lest your insecurity be misinterpreted as arrogance.

2) Become a good listener. Don’t try to impress people by seeking to be their intellectual equal. If you find yourself in a discussion that intimidates you, ask questions, talk only about what you know, listen attentively, and the next time you meet you’ll be that much further ahead.

3) The more you prepare yourself, the more opportunities you’ll get. Don’t go to a lesson unless you’ve done your homework. When God starts taking you higher, prepare your speech, your wardrobe, and your mind. Consult a trusted friend who understands where you are, and where you need to go. If you can’t find one, read up until you grasp the basics. ‘A king rejoices in servants who know what they are doing…’  The more prepared you are, the more God will open doors of opportunity for you.

Leave a comment

Filed under Science and life, Word for today

PICTURE OF THE DAY

This photo reportedly taken in Indonesia, shows two boys on their way to school passing a group of their peers who are on their way to work. Quite sad to look at!

Grateful and Blessed.

Leave a comment

Filed under unlimited power