How can you participate in the knowledge economy?

Sometimes you hear people talk about knowledge economy or the era of knowledge. In this post, I will first define what a knowledge economy is and give some tips on how one can benefit from this trend.

     Knowledge Economy is nothing but economy that is driven by knowledge. Simply put, it is the transformation of knowledge into products and services. Although this was also done in the past, however, only people with factories or infrastructure could do that. That is, only big companies could afford it. Today, knowledge economy is used more than ever because of the internet. The internet makes it possible for anyone transform his or her knowledge into product or service without having to invest a lot of money. Some examples are Facebook, Twitter, Google, Yahoo, etc.

     The second question now is: how can one participate in this trend? In order to participate in a knowledge economy, you must have an idea. Secondly, your idea has to be transformed into action or execution. However, your idea cannot ideal before trying it. Many people are not successful because they never try anything. Having idea is one thing, having the courage to execute your idea is another thing. Quite often courage is more important than the idea itself. Your first idea may not be successful, but will lead you to many other possibilities. That is the essence of entrepreneurship. However, entrepreneurship is not limited to starting your own business. It can be applied to your job.

     This will be the subject of the next post.

  

Walter Okpala: Misusing your time 3

Walter Okpala: Misusing your time 3: In this post, we are going to look at another time stealer - the internet. Many people are today connected to the internet, or what is call...

Misusing your time 3

In this post, we are going to look at another time stealer - the internet. Many people are today connected to the internet, or what is called the digital age. With this wonderful instrument also comes the problem. Internet is one of the most important inventions of mankind. It allow us check any information we want on any subject or about someone. However, wrong use of the internet can impose a problem to many. 

     For example, many people use internet today to obtain information that cannot contribute to their well-being. The worst part of it is that people are becoming addicted to the internet. A practical example of the wrong use of the internet is people who spend all their time reading about celebrities in real time. Another example is spending time watching useless videos on YouTube. It is unbelievable that about 80% of the people use the internet for entertainment instead of using it for obtaining information and knowledge.

     People use the internet to know about their celebrities, but cannot use this wonderful tool to study geography, mathematics, and other subjects. Even to do research is something of another world. Internet is a wonderful tool, but has to be well used. Wrong use of it puts you downgrading instead of upgrading your success. It is impossible to reach success while spending your time on things that cannot contribute to it. Think of that!

       

Walter Okpala: Misusing your time 2

Walter Okpala: Misusing your time 2: In my last post, I wrote about how many people misuse their time by watching television excessively. In the current post, I will continue t...

Walter Okpala: Misusing your time 2

Walter Okpala: Misusing your time 2: In my last post, I wrote about how many people misuse their time by watching television excessively. In the current post, I will continue t...

Misusing your time 2

In my last post, I wrote about how many people misuse their time by watching television excessively. In the current post, I will continue the misuse of time in another area - playing video game. 

     Many people spend a lot of time playing video games. In the past, people used to play video games only with specific consoles meant for that. Today, video games can be played in any console or gadget, ranging from a dvd player to smart phones. To worsen the situation, people can play video games online. 

     Wait for a second and sum the number of hours a person spends on playing video games daily. You can see many people commuting to work in the bus or subway playing video games with their smart phones. When they arrive home from work, they continue playing video games. Some spend all their weekends playing video games. The question then is: how can one think about being successful while spending all his time playing video game? 

     Your mind is in what you do most part of the time. Imagine using the time you spend in playing video games in thinking about your work or used in producing something useful to you. How would your life change for better as a result of that simple change? Think about it!       

  

Walter Okpala: Misusing your time 1

Walter Okpala: Misusing your time 1: In my last post, I wrote about how one's time can be transformed into a useful tool. In the present post, we are going to look at one o...

Misusing your time 1

In my last post, I wrote about how one's time can be transformed into a useful tool. In the present post, we are going to look at one of the ways in which people misuse their time. One of the ways is by watching television excessively.      There is nothing that distracts a person like watching television. The reason is that it works with image. Image draws and holds attention of people. It is impossible to read or do something with concentration and be watching television at the same time. Therefore, watching television is a big time stealer.      It is important to note that watching television is entertainment, and as such, cannot contribute to one's success unless entertainment is your business. On the contrary, you will become poorer and poorer while the networks will be getting richer and richer. The question you should ask yourself is the period of time you spend watching television and the time spend doing something that matters. The only one that can change your situation is you and no one else. 

     In other words, if you can change your behavior of watching television excessively, your life will be better. It is important to understand the point in discussion. Watching television is not bad, but watching television excessively is bad. Think about it!

       

Walter Okpala: Your time is your tool!

Walter Okpala: Your time is your tool!: In my last post, I wrote about the use of your time. In order to understand the importance of wiser use of your time, you should consider t...

Your time is your tool!

In my last post, I wrote about the use of your time. In order to understand the importance of wiser use of your time, you should consider the following scenario.

     Imagine you coming from a poor family where you do not have any inheritance and have to construct your future from zero. The only tool you have to do that is your time. The only thing you have and that is within your control is your time. Many people misuse their time thinking that someone will help them along the way. The fact is that capitalist economy and democracy give individuals freedom to determine what they want and how to go for it. Since nobody can oblige you to do something, no one is also obliged to help you. That means someone will help you if he or she wants.

     In other words, an individual can feed his pet better than a fellow human being since the pet is his or hers. The irony of the whole thing is that those who can help use all their time trying to achieve success while others were enjoying. There is no way one can be successful by spending most part of his time doing things that will not contribute to success no matter the business in which you are. 

     So, your time is your tool for transforming your life to a successful one. Think about it!