Tuesday, 9 February 2016
Monday, 4 January 2016
The renowned Paul J. Meyer, who became a millionaire at twenty-six, a rare feat in his days, in a discussion with Mark R. Douglas, shared the following formula for his success;
1. Crystallize your thinking. Determine what specific goal you want to achieve.
2. Develop a plan for achieving your goal and deadline for its attainment.
3. Develop a sincere desire for the things you want in life. A burning desire is the greatest motivator for every action.
4. Develop supreme confidence in yourself and your own abilities. Enter every activity without giving recognition to the possibility of defeat.
5. Develop a dogged determination to follow through on your plan regardless of obstacles, criticism or circumstances.
Now that you know the formula a articulated by one who has lived by it, let me throw in this challenge; sit down to set your goals and plan for the year.
Take action immediately.
Friday, 25 December 2015
Wednesday, 23 December 2015
Miles Khubeka has created a brand with a lot of potential. He based his restaurant business on a popular (yet not trademarked) character from a beer advertisement: "Vuyo," an aspiring everyman with a food cart who makes it big. Miles opened a restaurant based on the Vuyo's food offerings, and he is now launching franchises in the form of Vuyo food carts, which other young entrepreneurs operate, spreading the Vuyo name. It's an excellent idea.
To build a successful business, you don't have to build a new product from scratch. I was reminded of this earlier in October when we broke the Guinness World Record for cramming people into a classic Mini Cooper. (We fit 25. We love breaking records, and the public relations boost always helps too!) The custom Mini's design and paint job were developed by the entrepreneur Wes Boshoff. His Plastispray business re-imagines a car's look without damaging the original paint job.
The roots of great brands usually feature a compelling narrative, and sharing your story right from the start can help you to win the support of your community - and their business.
Monday, 2 November 2015
Read also :How to balance Money and love
Practical steps to financial independence
Friday, 16 October 2015
Despite mounting evidence that it's becoming increasingly difficult to build such wealth, these incredible stories are proof that it is possible to overcome life's toughest challenges and create something better for yourself.
This list includes just a handful of the many "rags-to-riches" stories out there. Let us know which ones we missed in the comments.
She got a full scholarship to college, won a beauty pageant —where she was discovered by a radio station — and the rest is history. The Oprah name became an empire, and according to Forbes she is worth $2.7 billion.
Source: Academy of Achievement
By 26, he was managing a variety store after graduating from the University of Missouri with a B.A. in economics. He used $5,000 from the army and a $20,000 loan from his father-in-law to buy a Ben Franklin variety store in Arkansas. He expanded the chain, and then went on to found Wal-Mart and Sam's Club. He died in 1992, leaving the company to his wife and children. what is your excuse?
Eventually Desmond published his first magazine, International Musician and Recording World. The Desmond magazine empire would expand to publications like a British version of Penthouse and Ok!, a worldwide favorite. He now owns publications around the globe and is involved in philanthropic work. He
Adelson grew up in tenement housing in Massachusetts, where he shared a bedroom with his parents and three siblings. His father was a Lithuanian taxi driver and his mother had a knitting store. When he was 12 years old, he started selling newspapers and a few years later ran a vending machine scheme on the same corner.
Adelson tried his hand at a few different industries, from packing hotel toiletries to mortgage brokering. His biggest break came from developing a computer trade show. He turned that wealth into a purchase of the Sands Hotel & Casino, and later the mega-resort The Venetian. Just like Adelson, here are things you must avoid if you want to succeed.
This list isn't just to inform you about how these men rose from grass to grace, we designed it to inspire you, equip you, challenge you and to empower you to dare the bold steps that win, the steps that will make you eradicate poverty in your own generation. Share with Friends and Families help #EndPoverty.
Tuesday, 13 October 2015
SABMiller has accepted "in principle" an increased takeover offer from rival brewer Anheuser-Busch InBev of £44 a share.
AB InBev had made previous offers at £38, £40, £42.15, and £43.50 per share. Shares in SABMiller closed at £36.67 in London on Monday.
SABMiller had rejected the previous offers, claiming that they "very substantially" undervalued the company.
A tie-up between the two firms would create the world's largest brewer.
Global market share of five biggest beer companies
Anheuser-Busch InBev - 20.8%
SABMiller - 9.7%
Heineken - 9.1%
Carlsberg - 6.1%
China Resources Enterprise - 6%
Source: Euromonitor, based on 2014 figures
In a statement, the boards of the two firms said they had "reached agreement in principle on the key terms of a possible recommended offer".
SABMiller is the maker of brands including Peroni and Grolsch, while InBev brews beers such as Budweiser, Stella Artois, and Corona among others.
SABMiller said its board was ready to give its unanimous backing to the all-cash £44 per share offer.
If the deal, worth about £70bn, goes ahead, the newly-created brewing giant will make about 30% of the world's beer.
The two companies have not yet formally finalised the terms of an offer, but the latest development means they have extended the City deadline for a firm offer until 28 October.
The latest proposal comes a day before the original deadline, by which AB InBev had to make a formal bid for SABMiller or walk away for six months.
The offer represents a premium of about 50% over and above SABMiller's share price in mid-September, before the bid battle started.
Monday, 12 October 2015
The government is giving the gaming industry £4m to support start-up companies.
It's hoped the money will help turn ideas into reality allowing small companies to make global gaming blockbusters.
Over the next four years, the Video Games Prototype Fund, will over grants of £25,000 to support different projects.
The funding will also create new jobs within the gaming industry.
This is the latest pledge the government is making to increase in the value of the gaming industry in the UK.
It introduced tax relief measures for developers last year.
That means games makers can claim discounts of up to 25% of a game's production costs.
Watch: Radio 1 at Gamescom 2015 - the world's biggest gaming convention..
Ed Vaizey is the person within the UK government who looks after the gaming industry.
He's the minister for culture and the digital economy and said: "Britain's video games punch well above their weight internationally and we need to build on this and invest in the strength of our creativity.
"This fund will give small businesses, start-ups and individuals the support they need to better attract private investment and go on to create the blockbusters of tomorrow."
The UK video games industry currently generates more than £4.5m a day for the UK economy and directly employs more than 19,000 people.
Werner Hoyer said he was "very disappointed" by Volkswagen
The European Investment Bank (EIB) could recall loans it gave to Volkswagen, its president told a German newspaper.
Werner Hoyer told Sueddeutsche Zeitung that the EIB gave loans to the German carmaker for things like the development of low emissions engines.
He said they could be recalled in the wake of VW's emissions cheating.
The paper reported that about €1.8bn (£1.3bn) of those loans are still outstanding.
Mr Hoyer is quoted as saying that the EIB had granted loans worth around €4.6bn to Volkswagen since 1990.
"The EIB could have taken a hit [from the emissions scandal] because we have to fulfil certain climate targets with our loans," the Sueddeutsche Zeitung quoted Mr Hoyer as saying.
Mr Hoyer was attending the International Monetary Fund's meeting in Lima, Peru.
He added that the EIB would conduct "very thorough investigations" into what VW used the funds for.
Mr Hoyer told reporters that if he found that the loans were used for purposes other than intended, the EU bank would have to "ask ourselves whether we have to demand loans back".
He also said he was "very disappointed" by Volkswagen, adding the EIB's relationship with the carmaker would be damaged by the scandal.
Volkswagen admitted that about 11 million of its vehicles had been fitted with a "defeat device" - a piece of software that duped tests into showing that VW engines emitted fewer emissions than they really did.
Mr Hoyer's comments come days after VW's US chief Michael Horn faced a Congress panel to answer questions about the scandal, which has prompted several countries to launch their own investigations into the carmaker.
On Monday, VW's UK managing director Paul Willis is due to appear before members of parliament at an informal hearing.
The Anglo Irish Bank had to be bailed out by taxpayers
The former boss of Anglo Irish Bank has been arrested on an extradition warrant, the US Attorney's Office in Massachusetts says.
David Drumm will now remain in custody in Boston until his hearing in federal court on Tuesday.
He moved to the US in 2009, the same year Anglo Irish collapsed and was bailed out by Irish taxpayers.
Mr Drumm, who ran Anglo Irish Bank from 2005 to 2008, subsequently filed for bankruptcy in the US.
However, the bankruptcy bid failed and a Boston court ruled that he could be held liable for debts of 10.5m euros (£8.34m).
It was alleged during the case that the 48-year-old former bank boss secretly transferred money and assets to his wife, so they could not be seized during bankruptcy proceedings.
It was reported in January that the Republic of Ireland was seeking his extradition.
Bailing out the bank cost Irish taxpayers around 30 billion euros (£22bn: $34bn), close to one-fifth of annual output.
Its downfall played a large role in the collapse of the Irish economy in 2008 and the ensuing bailout from its eurozone partners two years later.
Glencore's copper mines include Lomas Bayas in Chile
Embattled mining giant Glencore said it has started the sales process for two of its copper mines in Australia and Chile.
The firm's Australian copper mine in Cobar, New South Wales, and its Lomas Bayas copper mine in the Atacama desert in Chile are for sale.
Glencore is attempting to reduce $30bn (£19.5bn) of debt created by its 2013 takeover of Xstrata.
Its Hong Kong-listed shares have also fallen some 55% this year.
Trading of the firm's Hong Kong-listed shares were halted earlier on Monday ahead of the announcement.
"The sale process is in response to Glencore receiving a number of unsolicited expressions of interest for these mines from various potential buyers," the firm said in an email.
"This will allow potential buyers to bid to purchase either one or both of the mines and may or may not result in a sale," it added.
The Cobar operation is a high-grade underground mine and plant, while the Lomas Bayas operation is a low-cost, open pit mine.
In Australia, Glencore has 19 mining complexes across the country, including coal, copper, nickel and zinc operations, port facilities, offices and agricultural businesses, among others. It is one of the biggest exporters of Australian grain.
In Chile, Glencore owns and has stakes in several mines, as well as a hydro-power project.
Last week, the firm announced it would dramatically cut its zinc production.
The move comes amid a 30% fall in the price of zinc in recent months. The company said it would cut 500,000 tonnes of zinc production - or 4% of the world's total supply.
Most of the zinc-related cutbacks will be in Australia, where more than 500 jobs will be lost, as well as South America and Kazakhstan.
As it attempts to reduce its debt, the firm has also cut copper production and suspended dividend payments to shareholders. It is also issuing new shares to raise money.
This is the first move into the North Sea by Ineos
Twelve North Sea gas fields have been sold by the Russian oligarch who bought them earlier this year but was forced by the UK Government to sell them.
Ineos, the chemicals giant that controls Grangemouth refinery and petro-chemicals plant, has taken them on.
This is its first move into owning oil and gas assets.
There are indications its chairman and controlling shareholder Jim Ratcliffe intends to buy more.
The 12 fields, mainly in the southern North Sea, were sold in March by German firm RWE to the LetterOne company controlled by Mikhail Fridman.
They represent around 8% of UK gas production, including the Breagh and Clipper South fields.
The UK Energy Secretary before the UK election, Ed Davey, told LetterOne in April that it had to sell them again.
He said it was not in UK interests to have the fields at risk of sanctions against Russians, and threatened to revoke the owner's operating licence. The sale had to take place by 20 October.
Jim Ratcliffe of Ineos said: "We are pleased to acquire a strong portfolio of natural gas assets and bring on board a highly successful and experienced North Sea industry team.
He said of the gas fields: "They are high quality, low risk assets and they come with a highly experienced management team. Whilst no decisions have yet been made, we will continue to evaluate other opportunities in the North Sea.
"Ineos has been very open about its intention to make strategic investments in the North Sea and this acquisition is our first step in fulfilling this goal. It will also help our UK petrochemical assets to have ongoing access to competitive energy."
Ineos is also investing in onshore unconventional gas projects in the UK, though these are proving controversial.
It has invested heavily in the shipping, docking and processing facilities to bring fracked gas from the USA to Grangemouth and to a Norwegian processing facility.
Shares on mainland China and in Hong Kong took the lead with gains in Asia on Monday, while other markets were lacklustre.
Hong Kong's Hang Seng index was up 0.96% at 22,668.52 points.
On the mainland, the Shanghai Composite was up 3.11% at 3,282.29 points in afternoon trade.
Other markets failed to take a positive lead from Wall Street and struggled despite hopes the US Federal Reserve may wait until 2016 to raise rates.
In Australia, the S&P/ASX 200 was closed down 0.89% at 5,232.90 after hitting a six-week peak on Friday.
South Korea's benchmark Kospi closed flat, up just 0.1% at 2,021.63.
Markets in Japan are closed for a public holiday.
Analysts agreed the Fed was looking less likely to raise rates soon, which could mean more money would flow into markets.
"The only data supporting raising the Fed funds rate has been employment, which has begun to shrink in the last quarter, coupled with increased talks of the approaching debt ceiling negotiations - not to mention the 2016 [US] presidential elections," said Evan Lucas from IG Markets.
"All [this] means we are seeing signs of the lift-off being pushed back, as inflation remains nowhere to be seen," he said.