Career and Finance

Thursday, July 9, 2015

Why don't people think big?

When you watch television, you can see many programs talking about negativities of life. Many people are interviewed and from their responses, one can easily reach conclusion about how many react to situations in life. People are worried about their jobs, how to protect it or what to do to secure one in big corporations. It is interesting to note how many people do not think big. How can people with high level of education and experience be worried about job security? Why can't many be creative and think about transforming their knowledge into jobs? Why do we have only few creative people in the world? Few people like founders of Google, whatsapp, Apple, Dell Computers, Eastman Kodak, etc.?
     The reason is that many people do not think big. Many are only worried about going to college and securing jobs thereafter. The irony is that they graduate in debt and complain about lack of jobs when, in the first case, no one has an obligation to create jobs for them. It is one of the myths people create and disseminate in the society. In a free and capitalist society, no one has any obligations to create jobs for others to work. Neither the government has this function. The function of the government is to make sure that every has the same opportunity to develop and be whatever he or she wants to be. In classical communist economy, governments create jobs artificially in order to maintain social stability and prevent uprisings. Even so, more jobs are created in capitalist economies than in communist ones. 
     One cannot be great unless he thinks about greatness first. So, think big! 
   



  

Monday, July 6, 2015

Lack of focus leads to doubt!

In my last posts, I wrote about the importance of focus. I said that focus is very important as it fixes the idea in the subconscious mind. Since subconscious mind is the determining factor, anything that is not in it is not generally executed. Focus leads to high concentration which activates the mind. Activation of the subconscious mind gives one the vision of the project. Once one sees the image of what he desires, execution process becomes easy because of the pulling force. This pulling force brings conviction. Lack of focus makes one's vision turn on and off regularly. The subconscious mind cannot hold the message firmly. As a result, one starts having doubt about his desire. Doubt leads to failure. In order to have success, there must be conviction. Conviction brings motivation and inspiration a person needs to have in order to persist. Many people do not reach success because of their belief system. How can one dedicate and put in all his energy in something he does not believe in?
     Lack of conviction and belief can be noted in people from different activities. The performance of people with conviction is always superior when compared with the others. They draw attention of others and people like to follow them. Nobody likes following a person with doubt or without conviction. Therefore, you must have focus on something if you desire to be successful!    

    


Friday, July 3, 2015

The importance of focus

One of the main problems people have is that they do not have focus. Having focus implies in directing all your attention to one thing. In this way, the subconscious mind recognizes what you desire. Many people think about one think, but change their opinion or their thinking towards another thing. It is very simple not to have focus. This is true for a lot of people. The reason comes from many distractions we have in our capitalist society. The distractions are watching televisions, playing video games, following sports, being on internet, being on social media for a long time, among others. 
     The focus of a person on something depends on the ability to eliminate the mentioned distractions. The distractions are very strong because they are formulated in a way to addict people through pleasure. Pleasure means receiving something without having to do much work. Focus requires work and discipline. Distractions carry a lot of people away from reality. They easily fall prey or become self-made victims. The fact is that pleasure does not require work, that is, mental work as does focus. 
     In order to achieve something in life, you must have focus. On the contrary, you should be going from place to another. Having focus means going direct to what you desire. Think about it!       





   






Sunday, June 28, 2015

Overspending and wealth creation

It is impossible for one to build wealth by overspending. Wealth creation can only occur by surplus and not by deficit. It is up to you to make the choice. You should ask yourself the question: do you desire to be wealthy or to be poor? The question is formulated with desire and not want. Desire implies your attitude converging with your saying. One thing is to say you want to be wealthy, another thing is to make the needed sacrifice involved with controlling yourself and spending less than you make. Spending less also means delaying gratification. That is to delay your pleasure of the present to the future. Think about this!   

Thursday, June 25, 2015

Building wealth requires principles and tradeoffs

Building wealth requires principles and tradeoffs if one wants to make it. It is important to master these principles and sacrifice you have to make. This is true irrespective of whether you are a salaried worker or an entrepreneur. The first principle one has to be aware of is that of accumulation or compounding. It is interesting to note that anybody with high school education studied compound interest and its calculation. But, how many people use this principle in their day-to-day lives? Many people generally wait to hear a magic word on how to get rich when they attend seminars. If you want to be rich, you must first spend some years accumulating money by spending less than you make. The tradeoff for this is sacrifice of denying yourself of things. This is a common sense which everybody should know, but only a few people can make the needed sacrifice. In my next posts, I will use simple calculations to demonstrate this principle.      



Tuesday, June 23, 2015

Walter Okpala: Teams cannot be homogeneous and productive unless ...

Walter Okpala: Teams cannot be homogeneous and productive unless ...: Many companies spend a lot of money and time trying to form teams in their organizations. In the era of internet technology and collaborati...

Teams cannot be homogeneous and productive unless ........................!

Many companies spend a lot of money and time trying to form teams in their organizations. In the era of internet technology and collaborative innovation, having teams working around the clock worldwide is very important. However, many teams are not productive as expected. The main reason for this is the difference between compensation paid to members of the same team. How do you think members of the team will react if they know that their immediate superiors would receive about 5 times their compensation at the end of the project? To worsen it all, credit always goes to the bosses for positive results. It is true that some executives mention the team as the executors, no one knows who the members of the teams are. In order to understand this clearly, I am going to ask you a question. How will you feel if you discover that your superior will receive 5 or 10 times the value of your compensation, including bonus? Will you totally dedicate to your work where another person will take all the credit? This is especially true for workers with talent. 
     In my next posts, we will look at the consequences of this practice! 
                   



Monday, June 22, 2015

Walter Okpala: Differences between salaries of executives and oth...

Walter Okpala: Differences between salaries of executives and oth...: From my experience in teaching in companies, I could notice the complaints from the junior staff over the salary differences. The junior st...

Differences between salaries of executives and other workers 2

From my experience in teaching in companies, I could notice the complaints from the junior staff over the salary differences. The junior staff always think they do not belong although they are the ones who do the actual work. As a result of this complaint, I began doing reserach about how this issue affects the productivity of workers and how it can be corrected for better harmony in the team work. I have reached the conclusion that everybody in an organization is important, although some may appear to be more important.
     Imagine the telephone operators, a position generally considered low in the hierarchy and outsourced. It turn out that the first contact a customer has with a company is through these workers. Their attendment is vital and determines if a customer stays with the organization or looks for another one. A CEO is at the top and receives information from many departments. What he or she may not know is that the bad performance of one of his departments is caused by the telephone operators. Another example of the importance of blue color workers is in the assembly of automobiles. If this category wants to sabotage the organization, the workers can just fix the parts wrongly. In this way, the cars will have accidents and probably kill people. When these go to the press, the automobile company is obliged to have a recall of all the cars for repair. Recall costs a lot of money to companies. 
      Therefore, everybody in an organization should be valued so they can have a sense of belonging. If the salary between the CEO and the lowest in the hierarchy is set in the ratio of 10:1, I think the problem should be reduced. That is if the CEO receives $1 million, a cleaner should receive $100,000 per year. If this change is carried out, many positive changes will take place in organizations. Think about this!

           

Sunday, June 21, 2015