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Showing posts from March, 2023

Abundance vs Scarcity mindset

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The mentality we adopt can have a significant impact on our business and professional success. Two of the most commonly discussed mindsets are the scarcity mentality and the abundance mentality. Understanding these mentalities and how they influence our thinking can help us make better decisions and achieve more significant results in our careers. The Scarcity Mentality A scarcity mentality is a belief that resources are limited, and there is not enough to go around. In Nigeria, this mentality is often seen in businesses that struggle to survive due to a lack of resources such as capital, infrastructure, and skilled labour. It may sometimes be referred to as a "dog eat dog" mentality. Many small businesses in Nigeria have to compete with larger, more established companies with more resources and funding, leading to a sense of scarcity. For example, a small restaurant owner in Nigeria may focus on the competition with other restaurants in the area, rather than the potential fo...

Fear vs Faith... What guides your business decision making?

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In the world of business, success often depends on the decisions we make and the risks we take. One of the fundamental questions we can ask ourselves as business leaders is, "Do we live our lives based on fear or faith?" This question may seem simple, but its answer can have a significant impact on our businesses. This article will explore the concepts of fear and faith in business, their impact on our decisions, and how we can choose to lead our businesses based on one or the other. Fear - the limiting factor Fear can be a powerful emotion that holds us back from achieving our goals in business. Fear of failure, fear of rejection, and fear of the unknown can prevent us from taking risks and making bold decisions that could lead to success. When we live our lives based on fear, we often become reactive rather than proactive, and we miss out on opportunities that could have been beneficial for our businesses. Faith - the driving force Faith, on the other hand, can be a driving...