Tag: Economy

How To Lift People Out Of Poverty

by Bright Osadiaye, posted in BriSights, Health & Well-Being, Leadership, Management, Personal Development, Workplace Learning
Photo by MART PRODUCTION on Pexels.com

‘How do you run a successful, sustainable business in a fragile economy? By creating opportunity.’

‘Better wages lead to improved conditions, which create stronger families and well-made houses.’

By taking care of their dreams. By taking care of their minds. By taking care of their souls. By creating an environment where growth is possible.

To do that, according to Yusuf Amdani, ‘Making impact starts with doing business well. If the company is profitable, it will have the resources needed to support and improve the community.’

‘To create a true impact, we need to shift our mindset away from token gestures. Think beyond one-time, scattered, or small efforts. Look for long-term opportunities that can be carried out routinely and incorporated under the company’s umbrella.’

‘Be on the lookout for ways that your company and the country of operations could scale together. If the economy is set to take off, align your business plan so you can both achieve exponential growth.’

‘When doing business, find the average wage offered to employees in a specific country. Consider offering a salary that is slightly above local expectations. Creating a comfortable lifestyle for workers can increase retention rates.’

‘Don’t underestimate a labor pool that is eager to earn a better wage. You can offer a salary that is slightly above average for the area. Workers pay attention, and compensation is a great contributor to employee satisfaction.’

‘If a local economy is open to your industry, show them what you can do. Focus on the improvements you can make for their area. Point out the jobs you can bring in through your company.’

‘Seek out ways to collaborate when carrying out educational projects. Nonprofits, governments, and schools may be eager to participate in a well-laid-out approach.’

‘Start small and use trial and error to learn best practices. Once you’ve found a strategy that works, seek out ways to expand efforts.’

‘Talk to team members about how to elevate the middle class in the country of operations. Ask them what benefits they would like to see.’

‘The best approach includes maintaining integrity at every step.‘

Source

Yusuf Amdani (2023). World of Opportunity: Bringing Sustainable Business to Fragile Economies

How To ‘Thrive In An Unpredictable Economy’

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by Markus Winkler on Pexels.com

Who knows what is going to happen tomorrow? No one knows what is going to happen in the future.

But we can get to work. Because tomorrow starts today, right now. If we want the future to be better, we have got to be better.

‘Attitude is key. If you assume everything, even a problem, is a gift, it invariably will be.’

‘Before beginning anything new, ask yourself this: ‘Is this something I really want to do?’

‘Failing is an important part of the act. Learn. Build. Repeat. model. Unfortunately.’

‘Mistakes are simply part of the learning process. The ‘secret’ is to make sure that they don’t cost you too much and that you do, in fact, learn from each one and build that learning into the next step you take.’

‘You need to put your thoughts into action to see if you are right about there being a potential audience/customer for your idea (and learn what you need to change if there is not). Thinking by itself doesn’t accomplish anything.‘

‘What if you can’t come up with an idea to get yourself started? The place most people begin is by asking, ‘What am I good at?’

‘The people who are best at dealing with uncertainty are serial entrepreneurs.’

‘If you aren’t spending at least six hours a week- about an hour a day- preparing for your next career, you run the risk of falling behind. Start today.’

‘Instead of searching for the perfect job, why not create it?

‘There is a proven path for dealing with uncertainty: proceeds as proven entrepreneurs do. After all, there is nothing more uncertain than starting a business, and these people have done it successfully. What has worked for them will work for you.’

Source:

Paul B. Brown (2014). Own Your Future: How to Think Like An Entrepreneur and Thrive in an Unpredictable Economy