For wealth creation there are 5 factors of production that are so needed. These are...;
1. Knowledge
2. Entrepreneurship
3. Capital
4.Labor
5.Land (or available natural resources)
Note that these are arranged in order of significance.The most important is knowledge.Hence in our world most people are paid more for what they know than for their strength.However to be very wealthy like Gate, Rockefeller, Dell or Jobs you need entrepreneurship.
Note that most think of capital first when they want to start a business though it is third on the hierarchy.That is the first mistake in business.
1. Get knowledge first,know your stuff, do a market research,study more about the business
2.Get ready to take a risk(entrepreneurship).
3. Decide on how to raise fund(capital) : relatives, friends, partnership, savings , bank loan etc.
4. Get quality people to work with.
5. Look out for the available natural resources that can help you maximize profit
When you are determined and believe you can, yes you can.With these steps as guiding principles you can achieve any wealth.Anything is possible, just dream and believe.
Ecowealth Precision Ltd
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Ecowealth Precision Ltd is a company with many subsidiaries. We also design both men's and ladies' suits.
We believe in creating wealth through provision of quality goods and services for youth empowerment and global poverty amelioration. Ecowealth Fashion and Designing Unit:We customize sneakers for schools,designing the sneaker in the school's colours and with school's crest on it. Ecowealth Telecommunication Unit: We co-manufacture and supply our own branded e-readers,tablet pc, andriod phones etc.Some of our products include: ecofone CA series[andriod phone], ecoslate[e-reader], ecoTablet
31/01/2013
30/01/2013
Greatness is what we all seek daily.You sure can find it.
Riches is never synonymous to Success.
The wealth of the world is not decreasing.There is more wealth in the world than has been discovered.A little more diligence and deep thinking will lead you to discovery of a portion of the undiscovered wealth in the world.
What are your needs? Your needs are not there to make you unhappy but to inform you of the common needs of the people in your sphere of contact; so you provide those needs in exchange for money.
Use your mind effectively,read wide,aim high and keep dreaming bigger.
Business does not begin with a capital neither does it grow with money. A business is meant to be managed and management is 15% technical knowledge and 85% people.
To do business you do not need money;all you need is the idea(technical know-how) and people.
That is why the words "investor" and "partnership" exist.
Be smart and don't let your lack of money and high affinity for "have-it-all" attitude stop you from becoming the man or woman of your dreams.
You can surely be rich.
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