From his ground breaking book soon to be launched, How To Start Small: Financial Skills For Business Success, I.K Adusei shares an exclusive excerpt.
Know that as an entrepreneur you only have yourself to impress.
Entrepreneurship is not a popularity contest. It is not an arena for the display of wealth, neither a competition for who is who in the world of business. It is far from it.
Jeff Bezos is the richest individual in the world today. His real time net worth as I write today stands at USD $ 163.3 billion, checking from Forbes real time rankings. As of June 2018, his net worth was $112 billion, checking from the same sources. His closest ally Bill Gates has a real time net worth of USD $ 95 billion.
It is likely you may not have heard of this till now. Jeff Bezos is the Founder of the e-commerce leviathan, Amazon. He foundered Amazon from his garage in Seattle, USA on July 5, 1994.
Over the years Amazon has been engaged in a massive recapitalization exercise mainly using retained earnings from the company. This meant that, the company was reinvesting its profits to create more cash flow and develop its systems. Shareholders were therefore not making profits for years since the company was unable to declare profits.
Jeff Bezos was missing out from Forbes list of top 5 richest men in the world for several decades till the year 2016 and 2017.
In 2018 he emerged as Forbes Richest Man overthrowing Bill Gates whose net worth stands at $USD 90 billion as at June 2018. Jeff Bezos is the first person ever to exceed the net worth of USD 150 billion in the 3 decades of Forbes operations.
Keep a low profile just to be able to increase your assets and create more cash flow which will create more cash flow. Many people who are expectant of you keeping up with the Joneses will decide to ridicule you, but always bear in mind that, entrepreneurship is not a popularity contest. You have but yourself alone to impress. Keep this in mind and go for gold. There is no time to impress people whose predisposition have always been that of hatred and envy. The world is yours if you are able to do this! Go out there and make yourself proud. To be continued...