B (2:13)

Awesome. Albright, has that answered your question?

A (2:16)

Great.

B (2:17)

Then we'll go to Charles. Charles is also from our connected academy community, the community for entrepreneurs.

C (2:23)

All right, thank you, sir, for this opportunity. I feel like today is the day the Lord has made for me because I've been a serious student of your works, and I've been watching your seminars online 24 7. Like, it really shifts my mind on how I should carry myself and be focused on finances and everything that will make me increase my potential for my work. So my work has been going well. I'm a functioning entrepreneur. I shop online. I have my customers, my boys, I supply. So it's been good. My question is, I have this amount of money in a bank, and I know that banks, the rate is like, it's not going to help me if I keep that money over there. So I just want to ask if it's advisable for me to use that money in the business or I should keep it for there for a mean time and see if I can increase. Because I have a motive of getting a studio, right? I have a motive for getting a studio. So I want to say, but the money is not enough for that studio yet. So I would like to ask if it's okay to leave it there or I have to. Is there any way I can use that money to do any other business rather than leaving it in a bank just like that? Yeah.

A (3:43)

Thank you. Thank you. A lot of us will not have access to bank loans. Investors. The strategy we use was organic growth. Team back the money, expanding yourself. What you're doing, if you're not making. I think your target should be at least, you know, I believe in the zeros. So maybe 10 cities a month. Then you add another zero. It goes to 100 cities, another zero goes to 1,000. Which one are you? It goes to 10,000, 100,000amillion a month. Mark yourself that way. So let's say you are under 10,000amonth. You don't have to keep the money, grow the business. Make sure that if you're selling, let's say, 10 clothes every month, how do you get to 20 or 30, you know, so give yourself that mark. I really think that anybody who is making about 100,000 profit money that you don't use, you don't need every month, you're not doing badly at all in Economy, you know, that your business can give you that. So that should mean that maybe you're doing about maybe, you know, 300,000, 400,000amonth. That's not bad business at all because that then crosses about 5 million maybe a year, you know. So if you can get that 100,000. So wherever your number is, I would say that focus on organic growth, expand. Because a lot of us, the money that we can fall on from the banks is too expensive. And so once you become so much reliant on them, you prevent your growth, you know, so the little money that you have, expand your business constantly until you get into the millions, you know, and that's the part that we actually took. We took one shop to two to three, to four, to five to six. We have our own workshops that we have three storey workshops that we built. You know, we have our office. You came there, we built all of them without loans. A lot of apartment units that we have, none of them was sponsored by anybody from anywhere. It's the same thing. Once you get the business to a certain stage that you're able to have full grip of the business, make sure that you focus on expanding and building the asset base, you know, because there's nobody coming for you. I'm telling you, if you so focus on that, grow it than you try to. And don't just be in haste to go and buy a nice car. No, focus on the growth. It gets to a point that even if your business collapses, the other things that you have pushed money in will still be there. Yeah. You know, and those are the things that we have, we have really done. And that's the model that we have used. And I think that you can use that.

B (5:55)

You're a fantastic man. That's why I keep saying that. You're one of my favorite people. You've done great. When you speak, I almost feel where the message is coming from. You know, very soothe, very quiet, very gentle and very honest. Thank you for supporting these young ones for me. I had to pull them in. There's one more person that's got a question for you. I had to put them in, you know, to come and ask questions. But I know that my faithful entrepreneur Albright has got another question. So I'll throw it back at her again. Okay, if you were to start a.

A (6:29)

Business today in Ghana with limited resources, what industry or what area would you focus on first? Let's say I've given you 90 days to do that. You have 90 days, then you have.

B (6:41)

Limited, limited resources to start a Business. What industry are you going to go into Ghana?

A (6:46)

Our economy, almost every industry is open. Whether it's health, whether it's agriculture, education, whether it's construction, even financing. People giving women money, mobile money services everywhere. Okay, so it's merely the need in any area. Go to any of our district capitals, our villages and towns. I know people who have sunk. Yes, Boho one Boho and is charging. And out of that one borehole, he has multiples of them now. People who are creating toilets and taking money, small money who are now into big time development. Employee architects and project managers who speak in English there. And the core business of the, of the, of the one who is into that development is just normal kvips. So all right, it can be agriculture, it can be even okra, tomato, it can be you getting into mobile money accessories. There's this young man that normally part of our network and he says full accessories at circle. You know, before he started listening to us, he was not really paying attention to his money. The other day he told me that he was saving 300 every day now. Okay, 300 every day. And he didn't start with much. He didn't even have anybody to support him. The other day I did a program on digital world and I said that we live, we vacillate in those words now. So you cannot be cut from it. You know, yesterday he sent me a message that he went on TikTok and just. 190 sold 3,000. Okay, so you, you have technology, beautiful lady. Just get to Kaishi and see products that you can easily put your phone on or your camera on and see what you cannot sell. So everywhere that there are challenges that I need, people are looking for. Okay? And one of the greatest component that we undervalue is the product called knowledge. It's in high demand in our country and yet many people don't even know it. And people think it should be free. Like what we are sharing now, people pay millions to get them. What I shared the other day, Saturday is something that you can make a lot of money from. And we share this for free. Why? Because really people's confusion. If you solve that, you have projected them to succeed. And so knowledge is a critical product that many of us and a lot of you, you have expertise, you have skills, learn how to monetize that, learn how to turn that into a source of income. You don't need to complete university and wait for somebody to give you a job. The world is over. Now when you were in the university, we're not Using we didn't have Telegram and WhatsApp and TikTok and YouTube affiliate marketing. Everything that is happening in the digital world now you there. So the time that you come out to say that I'm looking for a job, it means that you didn't live in your time. You didn't live in your time at all. So think anew. Think anew. If you have a YouTube channel for now, okay, you can put anything on it. It will drag for the first two years or so but when it starts to make you a hundred dollars and you're a student by the time you complete school, you need somebody to employ you. Facebook and sometimes you know even what they pay you. When you build the attention there, when you build the followership, anything that you put there are seminars. What do you think we organize is the email list, is the WhatsApp groups, is the telegram, is the SMS, is the live programs that we do, the connectivity we do online, online programs. And do you know where we get them? Because that is almost like a following. And everybody is looking for something to better their life.

B (9:44)

Is it easier to be a millionaire?

A (9:46)

Far easier, Far easier. Just build attention. If it's fufu, if it's chopa that you have, put a camera on it and see. I know a young man who says fast food, he has a lot of following on TikTok. Every day you go to the joint sq people are looking for something. Can you find them? The reason these superstars and you know, celebrities, the reason that people look for them is what Is because of the media. It's the same opportunity that all of us have now. Build a following in any of these platforms and whatever idea that you have, whatever product, whatever skill can go, there's no point that a lecturer will sit there and say that I'm waiting for the government to pay me 2,000, 20,000. When you can have a farm, you can't even teach what you know. There are a lot of courses now there are more. You see, you just have to find a way to get to where the masses are. And sometimes it may not even be in English. Doesn't have to be in English. No, it doesn't have to be. Ghana is 35 million people. If you get 1% of it is average, 10% is 3.51%. Check it and see at least 350,000. So you think that is weak number. Get 0.1% of that every day you can get thousand people to buy whatever that you have. Okay, so those are numbers you speak.

B (10:49)

Of it as and I'm speaking from the message that comes from Twitter.

A (10:53)

Yes.

B (10:54)

It's not easy.

A (10:55)

We said that it's easy. Stay there. Broke. It's very tough to be broke. Connected Minds Podcast.