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| Linda Ikeji |
Whatever your reason for starting a business, it is no excuse not to improve and get better. And like we say in chess, “Don’t ever be caught unawares, or checkmate will be inevitable!”
Robert Kiyosaki has a lot to say about rich people because
apart from being one himself, he has spent most of his living hours learning
from, studying about and developing rich people around him.
Here are some tips from him about starting/running your own
business that the issue of Google shutting down lindaikeji.blogspot.com yesterday
has reminded me of:
1. Having
cash does not make you financially smart or truly wealthy. Having the knowledge
that can always produce cash is! Rich people don't just seek to do the right things, they consciously seek to do things right!
2. Rich
people get financial knowledge, and seek to learn everything they can about
their business. He emphasizes knowing how to read the financial books, and analyzing
the board of a company if you want to invest in its shares. That means if you
want to be a blogger, learn thoroughly about blogging, everything that involves blogging.
3. Rich
people use the business and investor quadrants to get really rich by working
for themselves, paying themselves first regularly and then investing their
savings (in businesses they can explain to the average 5th grader/10
year old). They also re-invest their profits in the business to make it bigger.
4. Rich
people surround themselves with ‘smarter’
people than them, forming a network
in order to build a formidable business
team. He particularly emphasizes investing in a good legal team
(understandable, as you can be sued in America for things as frivolous as
putting a burglar alarm in your shop!). He knows there are people who will be out to get you simply because you are making money. No need to get mad, just get a good lawyer/legal team!
5. Rich
people don’t buy liabilities (anything that takes money away from their pocket),
they buy assets (what puts money into their pockets). And even if they have to
buy liabilities, they don’t buy it in their name, they do so through
corporations. In business, you are liable, only to the degree of liability you
own in the corporation.
6. Most
important of all as an entrepreneur, REDUCE THE DEGREE TO WHICH YOUR BUSINESS/YOU HAVE TO DEPEND
ON OTHERS FOR SURVIVAL!
·
If you are a savvy investor, don’t invest in
things you can’t control like shares of company you know nothing about, or how
it makes its money.
·
If you are a trader, don’t sell things you can’t
produce, or get alternative means of production in case the first fails.
·
If you are an entrepreneur/self employed person,
know how to do most of the things your workers can do, so that the day they refuse
to come to work, your business won’t be grounded.
Applying these to Linda Ikeji: she is probably very hurt and
mad at a lot of people at the moment including Google, @Ayedee, Mukhtar Dan'Iyan, Emmanuel Efremov, Alexander Daniyan, etc. She is probably mad at herself for not buying herOWNname.com in 2007 when she started
blogging and moving there ever since. It is ok to start small, in fact that's what I recommend. But don't stay small.
But you know what, she is already wealthy (-she can reproduce that success all over again). So I believe she will learn from all this and hopefully
get smarter, bigger and better. And so will all other bloggers in Nigeria too, for
lindaikeji.blogspot.com is, sorry, was the #1 blog in Nigeria…until yesterday, but lindaikeji.com should probably have been!
Update (10/10/14): The blog has been restored by google after it was found out that the whole charade was a publicity stunt and personal vendetta on Linda's person/business by Ayedee. Whether the blog will be #1 again is left for her and her fans to decide.
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