Once upon a time, a business guru elucidated to me: Generally, there are 4 ways to create wealth:
- Leverage of your Time – We all have a limited 86,400 seconds in a day, as long we are alive.
- Leveraging of your Money – Investing and letting your money work for you, instead of you working for money.
- Leveraging of your people – your contacts and relationships with them
- Leveraging of your Talent and knowledge or knowhow/expertise. Knowing that there is the market for the best of anything.
This was around 1995, in the 20th century. at the advent of the information age, before Google, Facebook, Twitter, Instagram, WhatsApp and the like. Now in the 21st century, a completely new way of doing business exists ie “Online business”. In some ways, online business or eCommerce rivals and overtakes traditional business.
Nevertheless i have found that there are still only 4 main ways wealth is created ie Leveraging of our time, our money, our knowledge or our people connections. What is remarkable about E-Business and Ecommerce is that all 4 ways of wealth creation occur simultaneously.
One major development in the 21st century due to digital technology: is it is infinitely simpler and quicker than ever before to establish a business, trade and make phenomenal wealth from a good business idea, backed with drive and a great strategy.
However, the challenge for Would-be Entrepreneurs is PROCRASTINATION, many have realised that there is a ceiling to the amount of wealth they can create with their limited daily 86,400 seconds. All these budding entrepreneurs need to do is, what all entreprenuers have had to do- Take that LEAP OF FAITH, with their business idea, and LEVERAGE THEIR MONEY using digital technology, even starting small. Speak to us for initial free consultation, to start off the NEW YEAR.
This article is written by Gregory Ekhator, Debonair Training, E-Business and E-Learning. Certified IBM specialist, in the deployment of digital solutions (Ecommerce, CRM, CMS, Training LMS, Simulation Software).
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