BUSINESS TRANSITIONS

 

Times are changing… The way we do things today is absolutely different from the way people of yesterday did things, if you refuse to move with the tide you might go obsolete and be outrightly displaced when it comes to wealth and financial freedom.

Looking back 150 years ago, if a young man wanted to make a fortune, he had to go to the goldfields of California or Johannesburg. It was called the “gold rush.” About 100 years ago, it was all about being in the oil sector somewhere. And 25 years ago (my time), it was about getting into telecoms (GSM).

Now there’s a new “gold rush” which started since the telecoms revolution gave birth to the rapid expansion of the Internet. Every single day, entrepreneurs across the world, including Africa, are launching tens of thousands of businesses on the Internet!

In my last post, I wrote: “Afterthought: When you think about building a business on the Internet, there are five things you should be thinking about:

#1. How can I use the Internet to help grow the business we already have? There is no entrepreneurial activity that cannot benefit from the Internet. Websites, social media platforms, are all platforms that can be used to grow your business in terms of its sales and profitability by reaching more customers, quickly and cheaply.

It will quicken your growth. It is key to getting to the global marketplace.

#2. How can I use the Internet to spur innovation?

#3. How can I use the Internet to lower barriers of entry, including capital and cost?

#4. How can I use the Internet to access skills, expertise, and partnerships?

#5. How can I build actual Internet businesses?

This last question takes the game to a completely new level altogether. It will be the subject of my next post.”

So let’s get started on no.5
A platform called Facebook. Most people who use Facebook don’t even stop to think that it’s a business. I have even had people write me through Facebook and say they would like to be on the Internet!

You probably use WhatsApp, another Internet-based business. Perhaps you have used Uber, or bought things on Jumia and Konga, and you used a search engine from Google or Yahoo. All these businesses rely on the Internet.

Facebook first launched in 2004. It’s now worth $430+bn, close to the GDP of two of Africa’s biggest economies like Nigeria at $486.8bn (2015- World Bank) and South Africa at $317.6bn (2015- StatsSA). Google (Alphabet) is even bigger at about $645bn, last time I looked.

The titans of the Internet — Alibaba, Amazon, Facebook, Google and Tencent — are all bigger than nearly all mining, manufacturing, telecoms, and natural resource companies in the world today! Even the likes of Apple and Microsoft are only able to compete with them because they manufacture phones or provide software used to access the Internet.

Almost all these companies were started by young people, often whilst still at college. Many aren’t even 40 years old. These guys never knew there was such a thing as tenders on government contracts. They knew no ministers of government, and had never met a President!

__You do not need powerful friends and relatives in high places to get access to the most valuable piece of “real estate” in the history of the world. What you DO need is access to the Internet!

Even the #YoungOld like me are getting into this gold rush.

This is a recent article by the top world African Telecom Entrepreneur

-*Strife Masiyiwa.*

 

The Hottest Pie on the Internet has just arrived in Africa which anybody anywhere in the world can tap into.

A new system is about is here again and ready to change the Internet that changed the world. A Brand new technological brand With lifestyle VAS *(Value Added Services)* Services in various sectors which include Cable TV, Mobile Top up, Ride-sharing Transportation, e-commerce, exquisite continental dishes and lot more; all plugged into one single platform with services in 140 countries globally.

A Special Technology and Telecommunic is Inducting Business Partners,  Builders,  Associates and Trust Worthy Investors  to participate in this great opportunity learn more from here or check our Ideology.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s