Business Guide

Amos Wekesa: If you want to die wealthy, you must possess the following six characteristics.

Last week, I claimed that money accounted for less than 15% of what’s needed to establish a business in one of my posts, and a few guys asked me to elaborate, thinking I was mistaken.

Why, if money is the most important component of running business, would people inherit large sums of money or assets and still die poor?

Why would some people steal billions of dollars from the government or others and then die impoverished when they can no longer steal?

There are a slew of other elements that can help someone who has inherited resources or a poor person move from abject poverty to relative affluence.

And below are some of the things I’ve seen and researched throughout the previous few years of my life.

1. Desperation

However much money one has as capital, without being very desperate about growth of a business then the money means nothing. You will either lose it or will just stay stagnant!! Desperation drives one from being a sweeper to an office messenger to a Tour guide to being a fairly respectable business man. Have you ever asked yourselves why Europeans for example went so ahead of us economically? Has nothing to do with colour! Their forefathers were born under very desperate environment harsh winters, soils only productive six months of the year and these desperate conditions forced them to innovate better ways of survival. Here in Uganda, you can wear one shirt throughout the year, you can sit there complain as much as u want and still eat because our soils produce food throughout the year

2. Time

Time invested properly is worth a fortune and time wasted can be devastation and yes time invested very well can perform miracles!! Because we aren’t desperate enough we waste time and time truly means nothing here!! If you want to grow a business, you must respect time and must always reflect on what you have done in a week, a month and in a year!!

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3. Determination

A mother who has a baby to feed will not waste time and if she is the only provider for that baby she will be determined to work hard and not waste time due to desperation… And because of that she will carry a basket of bananas to vend on the street due to determination!!

4. Courage
A person with Shs 100,000 plus a lot of courage has a good future a head of him and this is because human beings can do incredible stuff no matter happens if they have courage!! And sometimes desperation gives a person incredible courage!!

5. Ambition
A mother with a baby to feed due to desperation vends bananas and after selling a few baskets successfully she develops an ambition which drives her to make a stall along the road side and later transforms the stall into a shop and eventually a supermarket!

One must be ambitious enough to actually grow a business. Ambition helps one save, invest for both short term and long term.

6. Faith

Faith is an investment that can not be matched. Money can’t touch it!! Imagine you having Shs 1 billion without faith? You would be poor. You wouldn’t be rich at all. So being knowledgable alone is useless without having the ability to rightly apply it. Favour is critical as well especially from human beings who you can’t do without while pursuing growth in life

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