Best Investment You Can Make
Oladimeji Olutimehin
Co-founder EWB Nigeria, Startup Business model, innovation & culture consultant l. Value Giver Coach. Truly Human Consultant
The richest man who ever lived made a statement that has stayed with me for a long. I bet you that the richest person should know more about wealth than others. He said, “Build your business first then build your home.” This simply means you need to first build a business model then the business model will generate cash for you to buy whatever you need.
The richest man who ever lived also said, “The diligent will be made rich and will rule.” It takes a lot of hard work to design a business model. Many avoid it for another investment vehicle because it is really demanding and involves a lot but pays the greatest income.
All the riches people you know of becoming rich mostly through a business model then leverage the same business model into other vehicles. Donald Trump, Ray Kroc, and Grant Cardone are people involved in real estate but the lands they own didn’t make them rich: the business model they built is what made the rich.
How many lands would Elon Musk and Jeff Bezos own to be worth what they are worth? What made them rich is the business model they have developed not the product. The value of the company they own is based on the functioning of the business model. Wise people understand that the best income-generating machine is a business model.
We are a business model factory where we help start-ups, SMEs, MSMEs, and businesses develop a business model that works and is scalable. This is to say the business model is the greatest asset you can build in a business.
There are a couple of investments people will invite you to. Among which are:
1. Investing in Land: What you get from land is equity and cash gain when you sell it. You can’t leverage your land much except to get a loan from a bank.
2. Affiliate Marketing: As an affiliate marketer, you get commissions from whatever you sell. An affiliate marketer is a better way to call salespeople. All they do is help the organization sells. They are the leverage of the person who builds the business model. They are the bees that make the business model works.
3. Company Shares: Those who invest in company shares are buying into the business model. At the time the shares are made available for the general public, the shares have been so diluted that they are getting a fraction of the business model.
4. High-Interest Yielding Investment: These are called Ponzi schemes. They are very risky. Some may get their money back while many don’t. A huge amount of money is lost here. They don’t work because they are not based on a working business model but on greed.
5. Network Marketing: They are also paid commissions for what they sell. They sell both products and the business model as a pyramid. The more people you sell the business model to, the higher you go on the pyramid and the more you get paid.
The person with a working business model is the king. The person dictates the tone. The business model gives you ownership, freedom, strategy, security, and great leverage. You can’t leverage what doesn’t work. That is why you need to first build a business model if not you will be leveraged.
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You can get multiple incomes from a business model but never from any other investment type. With a business model, you can be in many places at the same time and earn much more.
The best legacy and inheritance you can leave is a working business model. We have seen how land and shares as an inheritance have caused a lot of challenges to the inheritors. They end up selling it and going broke. A business model will just keep growing and expanding as long as it is iterated and innovated continually.
In the Startup Academy, we help founders and entrepreneurs to develop a business model that is tested and proven and can be scaled to build a company. Put in the time and resources to build a business model.
JOIN THE APRIL COHORT
When you join the April Cohort of the Startup Academy, in 3 months you will learn to:
1. Attain offering-need fit
2. Validate your Value Proposition
3. Prove Your Business Model
4. Develop your Customer Acquisition System
5. Design Your Culture
To be part, kindly send a WhatsApp message to +2348101671745
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