37) WEB THINKING

Web thinking is a dynamic way of thinking that is highly flexible, open to changes, new ways of thinking and emphaty. Like a web, the web thinker has a lot of mental references and scenarios that he can connect to reach his destination. Such a thinking is not restrained by geographical location or prescriptions. The web thinker thrives not for prescriptions, but for understanding the koko behind the koko.

-She sets her goals, understands that the world is dynamic and that the competition might be intense. She cries when she needs to and is cold when this is needed. She reads prescription books alright, pick out the nuggets and move on to the next book.
-She doesn't build temples around rules. Nope. She understands when someone is selling stuff, and buys in only for more information.
-She has fall-back plans, exit strategies, plan B's
-She understand that her needs and wants might change with time, and enjoys the best of today without wasting tomorrow
-She grabs oppurtunities when she sees them, and then work from such points towards her goals
-She could write a book of prescriptions if she wants to, to leverage her knowledge for cash
- and wait a minute,... she sometimes recognises a gap, a need for a new industry. She pioneers/creates this new industry and reaps massive rewards

We all have element of both web and linear thinking, however I have noticed that many of the top folks I have met have considerably greater amount of web thinking abilities compared to the average joe.


(** I'll digress here and speak to my xtian brothers. Go back to the bible and read the stories of Jesus from Mathew to John with this knowledge of 'web thinking'. One minute jesus speaks to an issue, the next, he spits on an issue, then touches an issue. One minute the 'pope' is called satan, in the next he his enjoined to feed the sheep )

38 )

Linear thinking
Imagine someone walking down a road, trips on a stone and picks up the stone. Underneath the stone, he find stacks of gold coins. Most likely, for a long time after this experience, he will look beneath many stones and might soon encourage everyone to look underneath every stone (probably write a book)

Web thinking
Another person stumbles on a stone with gold underneath, does a quick search around other stones for more gold. Finding none, she realises that this was a once in a life time occurence. Probably write a book on her experience. Invests the money from the gold and the books into diversified businesses and moves on with her life


**I don try, make I go rest. Im be like say I go soon start to dey charge money sef -get new usernane with phone number attached **

Seeing that we've reviewed an important foundation for thinking as regards economic success, we can now move on to loading our quivers with arrows that can be drawn at various points of your economic journey.

Before we go on, we must realise that wealth and economic success means different things to different people. When I talk about economic success, I am actually talking of accumulated little victories that are scalable upwards to almost any level based on your personal ambitions. My definition is hinged more on the next step that takes you comfortably away from where you presently are. Kind of reduces the drivers of life's socio-economic systems that by its very nature tends to keep as many as possible submerged in mediocracy and nothingness.

39) Show me the money

This is a strategy for managing risk
The idea is for you to assess the liquidity of the source of your money.

Say someone approaches me for a loan of 1 million Naira. I would seek to find out how he would pay back. If he replies saying stuff like God will do it, or that he will travel out of the country as the source of the payment, this would immediately raise a red flag. But if he goes further to tell me of a back up plan of using his monthly salary (he lays out the figures for me to assess) and that he could also sell his inherited land in a nice location -This would make the source of liquidity much clearer

I think this should be very useful to those whose livelihoods are based on marketing products. Look clearly to see if you can see the liquidity point of contact between the product and the customers before hinging your economic fortunes on that product line or job.

40) Seun's Advert Spaces: catch them young

I am amazed that I am not seeing much adverts on NL advert spaces, yet we have folks running amoc and turning to guirella marketing tactics on every post and shoving their phone numbers at us. Do they really expect to be taken seriously? Can you compare that to DailyPost's approach?

A little story to drive home my point:
The group plantation boys are in my view the founding fathers of the 9ja music genre that we have today. How did they start? They made huge sacrifices reaching out to the youths and teenages of their days. These youths/teenagers are today people like me who remember and appreciate them from way back with fond memories. We do not therefore hesitate to promote tuface anytime we have the oppurtunity to.

That's also the way new generation banks like STB started. They were all over universities getting young people to open accounts with them, while the big one like Union Bank where sitting idly on their backside. When we finished studies, we were fondly stuck with such banks and as our earnings increased, so did those of STB et al.

One of the popular pastors did the same thing while he was in schooll and came out smoking hot.

Bill gates, Steve Jobs, DC comics, Mark zukerberg used the same strategy of reaching out to the youths/teenagers while in their early years and emerged big.


What are u guys waiting for?? Please don't ask what about me. I am not selling anything nor jumping around asking for how i can become a millionaire

Thanks once again @Thread owner.

This maybe useful.

READ THIS >> https://www.nairaland.com/1028757/idea-bank-gurus-creed-4

AND

https://www.nairaland.com/1037327/small-business-marketing-strategy

^^^ Wetin they there? Tell me first before I click on it

Please use the REPORT button to report those defacing your thread.

The section mods will ban them as needed.

esere826: ^^^ Wetin they there? Tell me first before I click on it

See fear ooo..
Even you dey fear!

Am surprised, listen If your account is what I need, I tell you, I will get it by all means, that side you're thinking about is my field, I always AIM HIGHER on anything I do, I don't have fun with innocents accounts.


Ok, why not quote my post, open it to see the main link (url), it's not cookies stealing nor phishing.

I like your work in this topic so much and I won't do any harm to you okay!

Keep us moving..............

@youngzedd
Did click ur thread. Really cool. But u for just tell me wetin d thread dey all about naw.

@yamakuza
Thanks. I don report them

41) Risk Management 1

I don't mean to be a spoil sport, but we need to manage risk intelligently. Risk is sure exciting, but if not managed properly, it could ruin you. European statistics show that a larger percentage of startup businesses close shop before 2 years. Of those that go past 2 years, not many become the big names like Apple and Microsoft and Nairaland that you hear about. This my friends is a solid fact.

U could be the success story, but you are more likely to be the story of those that did not succeed'.
**Tufiakpa. I bind and cast. I speak the word
..ok.,.... no problems......I just think we should go beyond theatrics and into gold solid wisdom as we mature

Its almost as senseless (in my own view) as a man with many kids, wives and a rowdy extended family not writing a will.Instead he says I will not die......Ok selfish man, u know say if u die, ... ur family wahala no go affect u

I like the way the xtian scripture puts it: "No man carries burning coal unto his bossom and do not expect to get burnt"

42) Risk managment 2

Risk is like the burning coal. It is called risk because with it comes the chance of failure. The greater the risk, the greater the chances of failure.
Wisdom however tells you that you can wear special clothing and lift the burning coal unto your bossom without getting burnt. This my friends is one of the ways you manage risk.

Statistically, you may be considered as one of those whose startup business failed, but depending on how u turn things around, that failure can be converted to a success in its own right. Examples of the success potential embeded in your failure are:

1) you gained experience.
2) You gained publicity
3) You sheaved out your true friends etc. The list is endless

I have a thousand and one stories on this concept, but unfortunately many of these stories are about folks that failed and went away with bitter memories whereas there was so much oppurtunity to reap rewards from these failures

43) Stories that touch

Lanre was hopeful of starting a magazine. With all his money he had saved (some few millions), he plunged into opening one. I brought up the issue of risk and failure, but he would hear none of it. I wasn't trying to be negative (i think). I only tried to make him see that he could be fail proof if he took the right steps. My advice was a simple one. That he ensures that he puts his picture on the Editor's page of each of the published magazine. He was not intending to sell the first batch of his glossy magazine, so at least, he would be sure that his face gets seen by MD's of companies (u know the brand thing I talked about earlier).

Well, the magazine died a painless death. He only took away a bitter experience (which to me, is equally valuable if he realizes this)

My oh My!! I just love this. You strike me to be among the few Nigerians genuinely seeking out to enlighten the young entrepreneur out there.All i can say is more grease to your elbow.

May you live long

@Nextworldnx
Thanks for your comments. Looked through your posts. I'm curious, do you have any relationship with LBS?

44) THE COMPETITION

This might be a long write up if I try hard to bring you into cognition of the potency of competition. However, I'll try my best to finish it up as quickly as possible

Two opposing ideologies ruled the world in the last century, they were the capitalist vs the communist ideologies. The communist ideology as gradually softened into a socialist one. The capitalist ideology believes more in competition as a way to ensure and drive development. It acknowledges that greed is the nature of man and then tries to harness this greed into a structure in order to unleash dvelopment. You can read Adam Smith's "The wealth of nations" to better understand the thinking that it enspouses.

Communism/socialism on the ther hand tends to believe in equal distribution of resources amongst people. You can re-read my first sets of posts on the village scenario in order to better understand both concepts.

I once read somewhere where capitalism was described as being evil and nasty on paper, but more workable in practice, whereas communism/socialism looked real good on paper/theory, but is quite tough, untidy, and un-implementable in practice

45) THE community and capitalsim

Capitalsim is a zero sum game. Forget what many western economists try to paint of it. They overlook this only because of their western perception of what wealth is all about. Like I indicated earlier, writing on capitalism and competition is a textbook on its own, so once more I'll try to be brief

Nigerians and I guess many african communities are by their culture nature communal in with a strong tendency towards socialism. We tend to have two structures in a community -the commoners and the rulers. The rulers are more capitalist, while the commoners are more socialist. This distinction appears to be further accentuated in the hausa/fulani north (to better understand, you can read Malcolm Fabiyi's thesis at http://mobile.saharareporters.com/article/kaduna-my-kaduna-malcolm-fabiyi)

With the comming of the Europeans and their education to Nigeria, this delicate balance has gradually been eroded. The 'commoners' now push for more fulfilment within the 'elitist' structure. Now, what many people including Nigerian entrepreneurs doing this pushing tend to overlook is the 'zero sum' nature of capitalism. Your gain is another person's loss if measured using the same set of indicators.

Lets use money for our measurement here. If a closed system like our earlier village has only 100 Naira distrubuted amongst 3 persons in the ration 4:3:2, and the third person desires to amass more money and increase his ration to 4, it simply means, one or two person have to loose money to him

46) Bloody Competition
please be careful reading this

Reading post# 45, u can clearly see there would inherently be a resistance to your making more money by others within a space you share with others. This could be subtle or very glaring. In the developed world, there are structures/frameworks/regulations that guide against the bestiality that might arise with such unsurpings. In Nigeria, it's different.... you could be killed (many have indeed been killed)

Let's show you the power of the knowledge of competition. I read a post in Nairaland recently of a lady complaining about her shop where she sells yams. Business was not going well for her

Now, imagine that there was a disaster in that area where all other yam sellers are suddenly Xed. What do u think will happen to her yam business? Yes, u got it right. She would make astronomical sales. The sad truth is that some competitors actually think this way, and try to actualise it. What drives such evil action is what in the business world is referred to as Monopoly.

So when you see business people rushing to spiritual houses to pray, its simply a wish (some might not even know this) that the competition be subdued. It might then take on a new toga of the battle of the gods for their wards to be the ones to increase (while the others decrease)

Monopoly....

Now i sense “survival of the fittest“ (48 laws of power). Get brutal in decision making, either subtly or openly.
Whatever! Who gets ahead in this game playing “too soft“ or by “the rules“ anyway?
It can be liken to a football match. In a knock-out stage of any competition, a team must win and d other must lose, a team must smile while d other must cry, no matter how “fair“ the referee wants to be. You call it a “healthy“ competition: whats “healthy“ about the other team crying?

I get your drift bro! Btw, what is LBS?

47) The yam woman and your story

An interesting reply to the yam woman was that she should persevere and God will see her through.

In one of those motivational books popular in Nigeria, a story is told of how someone set about digging for petroleum. Aftre a long time of frustration he gave up and sold the land. Then came someone else to continue the digging. The new person dug only a few inches and voila!! hit black gold
... Right

With such story, you can add God to the mix, and I trust that many will keep on digging till they draw their last breadth on earth (a beautiful anticlimax). Of course their kids will watch all these unfold and might end up being bitter and resentful towards God if they don't see their dad hit black gold in his lifetime.

The interesting thing is that with this resentment towards 'God rules', the kids might end up being very successful. Folks that know the story might then say God gave the blessings of the righteous parents to the kids, but the kids have turned their backs on God

I have seen this play out,.... common, don't tell me that you haven't see such scenario too.


While I honestly have no qualms with anyone that sells or buys such ideas of perceverance as narrated here. I however wish that the success of such ideas can be tied into the payments for the books, seminars and religious giving. In other words, I wish there is a model whereby such books/seminar/preaching can be bought on credit, and money remitted only after the actor (that's someone like the yam seller or crude oil developer) has made a success of the venture.


**Please, I only used the yam seller as an example for my critique. I have not said that the thread owner solicited for any money whatsoever. I actually kind of admire the threadowners insightfull comments, If the threadowner feels offended, he or she can let me know, and i'll look out for another real life story***

Nextworldnx: Now i sense “survival of the fittest“ (48 laws of power). Get brutal in decision making, either subtly or openly.
Whatever! Who gets ahead in this game playing “too soft“ or by “the rules“ anyway?
It can be liken to a football match. In a knock-out stage of any competition, a team must win and d other must lose, a team must smile while d other must cry, no matter how “fair“ the referee wants to be. You call it a “healthy“ competition: whats “healthy“ about the other team crying?

I get your drift bro! Btw, what is LBS?

Lagos Business School

Lagos business school?
Oh! No no, i dont have anything to do with them. Am just a blogger on job vacancies, study abroad opportunities, scholarship and internship openings.
I publish those as soon as i get updates, thats all.

48 ) Monopoly
(I'll go back to the yam seller anal0gy and poke a hole in my analysis that is consistent with web thinking. The idea is simply that when you reach a brickwall, put on your thinking hat on the many possible ways to overcome it. You could push hard, dig through or just scale over the wall)

A way of pushing yourself ahead of the competition is through monopoly. Simply put, it is you providing goods and services that no other person can or is allowed to. Dangote's success is mainly hinged on monopoly -total control of the market mainly through government backing. I've heard stories of instances where some folks imported stuff, and Dangote drastically reduced his price beneath cost price thereby snuffing out the competition instantly (this by the way is illegal in many developed countries).

Monopoly goes hand in hand with power. I actually forgot to drill into power in my earlier posts. Given a choice between money and power, many folks I have had this discussion with in Nigeria prefer money. This to me is an erroneous choice in a country like Nigeria. Money is what the bankers had, and yet got sent to Jail, and are still being hounded by the EFCC. Power is what others like the Rep guy Farouk, IBB etc have that makes them largely untouchable.

Money can buy you some amount of power in Nigeria alright, but for those that are after power, money comes naturally with it. The difference is this. With power, you get to place people in positions, many of whom do not deserve such positions. They remain eternally loyal. They in turn place others in positions. Before you know it, you have a cocoon of invisibility surrounding you which can hardly be punctured. Imagine Odilli being touched with his wife as a justice of the supreme court. This is almost impossible. (My analysis on the difference between money and power is not so rigorous, but I hope u understand what I am trying to drive at)

With such monopoly and power relationships, oligarchs were created in Russia. The oil industry in Nigeria has been cornered by a few etc

49) Monopoly and little stories
Lets give examples of monopolies in action around us

-There is a church in Nigeria that is very rich. After service, u'll notice that the only books and cd's on display for sale are those of the pastor

-In youth service camps, u might notice that sales of some essential goods that everybody must buy (e.g slippers, buckets) are restricted to specific persons closely related to the top heirachy of the NYSC local managers

-The FRSC recently wanted to introduce new number plates and force nigerians to buy it (off course some businessmen where behind it)

-The lekki toll gate is another example of a monopoly

-You notice the strength and brutality of road transport unions in ensuring that they are in control of the transportation industry

All these stories should give you some insight to one of the ways to increasing your wealth through monopoly. The monopoly would be better accepted without bloodshed if it is intertwined with an accepted power structure

Nextworldnx: Lagos business school?
Oh! No no, i dont have anything to do with them. Am just a blogger on job vacancies, study abroad opportunities, scholarship and internship openings.
I publish those as soon as i get updates, thats all.

ok. great job

Goodday sir, I'm really impressed with the way your thread sucked me in and kept me hooked while reading it. I'v added it to the list of write ups I'll read over nd over again. And some people come here to spread hate when they culd b reading a write up like this.....

I'm actually smarter now than b4 I started reading this.

ba7man: Goodday sir, I'm really impressed with the way your thread sucked me in and kept me hooked while reading it. I'v added it to the list of write ups I'll read over nd over again. And some people come here to spread hate when they culd b reading a write up like this.....

Great comment. I am more than sure that once you've internalized this thread, there would definitely be some improvements in your outlook and results

Cheers