HOW TO MAKE MONEY WITHOUT MONEY PART 1- OMILOLA OSHIKOYA

A lot of people want to start their own business however they are discouraged when they look at the amount of money they have in their bank accounts or rather the fact that they don’t have any money at all. Unfortunately most of these people relinquish their dreams as a result.

There are so many misconceptions that you need money to make money. Unfortunately, people fail to realize that it is possible to make money without money.

First things first, it all starts with the mind. You need to change your mindset. It is possible to pursue your dreams and ideas without money.

Vision precedes provision

According to Steve Jobs ‘An entrepreneur needs vision”. What is vision?

According to the oxford dictionary vision is “The ability to think about or plan the future with imagination or wisdom”. It can also be defined as “A mental image of what the future will or could be like”.

The first thing you need is vision. No wonder, one of the wisest men that ever lived, King Solomon said, “where there is no vision my people perish”. Most times we put the cart before the horse by thinking about money first, however provision follows vision. Tony Hsieh, CEO of Zappos says “Chase the vision, not the money; the money will end up following you”.

According to Robert Kiyosaki, “there are three keys to starting a business. One is idea, two is the people and three is the money. But rarely do these three keys come together in the beginning. However, it is your duty as an entrepreneur to find one of these keys and start the journey. You will find the rest along the way , though it may take years for these three keys to come in place.”

Anthony Robbins says ‘it’s not about your resources it’s about your resourcefulness”.

You need to have a vision of where you are going and what you want to achieve. Focus on creating value. What is your value proposition?

Quotes

“What do you need to start a business? Three simple things: know your product better than anyone, know your customer and have a burning desire to succeed” – Dave Thomas, Founder of Wendy’s

“Don’t worry about funding if you don’t need it. Today it’s cheaper to start a business than ever” – Noah Everett twit pic founder

“Empty pockets never held anyone back. Only empty heads and empty hearts can do that” – Norman Vincent Peale. 

To be continued next week...

Omilola Oshikoya is Africa's premier life, finance and business coach, co-author of the money book, a columnist for the second most widely read newspaper in Nigeria and a co-host on the talk show, The heart of the matter which airs on Ebony life and Niger Delta TV.