News Flash 09 March 2012

NSSA loses US$14m in shares scandal
www.independent.co.zw

Econet to acquire 49% of TN Bank
www.independent.co.zw

RioZim seeks US$56,7m from composite transaction
www.independent.co.zw

Wealth Creation Demands
Fulfilling the following demands is not a sure way to be wealthy but its a sure way to enhance your chances of being wealthy:
  • Business Ownership
    • Own something no matter how small. 
    • The upside potential is high. 
    • Draw a growth plan.
  • Business knowledge
    • School yourself continuously in the area of your trade.
    • Knowledge is key 
    • Trends are changing and you don't want to be left behind
  • Personal Savings
    • Save money in both your personal life and your business venture
    • This demands discipline
  • Risk taking
    • Opportunities tend to smile on risk takers
    • They always go to bed with those who dare
    • This should be calculated risk
    • Take note of the risk/reward trade-off
  • Patience is an anchor
    • Don't eat the seed to early
    • You can't afford to declare a dividend in the first year of trade
    • Reinvest profits in the preliminary years
    • Don't give up on the slightest challenge
  • Relationships
    • Invest in relationships
    • Business is about relationships
    • Know who to chase and to shut out
  • Diversify
    • Spread your risk
    • Simply put: Don't put all your eggs in one basket.




Building up your dream


Introduction
*      One way or the other we all have dreams; that thing deep down your heart
*      These dreams can be Spiritual; Economic; and or Social
*      Some of our dreams are short term and some are very long term
*      If you don’t have a dream things will happen on you and that’s unpleasant.

2.            Considerations to building your dream strong:

2.1          Build on good foundation
            Ref: Matthew 7:24-27; 1 Corith 3:11-
*      The sustainability of whatever you are building depends on the foundation laid
*      Do you think that a multi-level building demands the same foundation as a one level building?
*      We are better taking time building a foundation than rushing to erect a structure which falls on the slightest blow of wind
*      I am sure people were clapping and applauding the speed at which the brother was building his house on a sand foundation
*      Build with a view that whatever you build shall be tested
*      The rock foundation takes time to build but the same stands the storms
*      Jesus is our rock foundation; let’s build on his principles

2.2          Build with a plan
            Ref: Luke 14:28-29
*      The discipline to finish demands preparation
*      People who start things and then quit on the way normally fall short of planning
*      Planning helps you to look ahead
*      When you look ahead you identify detours; stop signs and give way signs. Seeing them in advance means you will approach them with calmness
*      At the same time you see opportunities when you look ahead. This helps you make the most of those opportunities.
*      The world systems must teach us some of these things. For example if you want to build in Harare, city council needs to see the plan and approve it.

2.3        Build with God
            Ref: Psalms 127:1
*      God is the greatest partner ever; the most consistent one
*      When you build with God, you build for today; tomorrow and the future
*      If you go solo without God you will labor in vain and be disappointed

2.4        Build for God
Ref: Genesis 11:4; Phil 2:21
*      If the ultimate of all our efforts is not to give God the glory we might as well quit
*      If we build to make a name we fall off God’s favor

2.5        Build with good strategic partners
            Ref: I Corith 3:6
*      Apollos and Paul were such strategic partners
*      One would plant and the other would water
*      Avoid partnering in your dream with people who will uproot as you plant; who will curse as you bless

2.6        Build with the end picture in mind
            Ref: Heb 12:1-3
*      The end picture will keep you going even when things get tough
*      The present suffering mustn’t blind you to see the glorious future
*      Jesus endured the suffering because he was seeing the end picture
3.         Some practical action
*      Go write down all your dreams
*      Write a clear plan; possibly include the critical path. Call a friend/prayer partner and pray about it
*      Identify resources needed for your dream to be a success (Knowledge; time; skills etc)
*      Identify people who have such resources
*      Identify people with similar dreams
*      Seek partnership (this is not to encourage a parasitic relationship but a symbiotic one)
*      Invite God in your endeavors
*      Seek to give God glory in it all
*      Tell yourself you don’t know it all and seek assistance