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Other Articles from The Villager

Its either fight or flight

Mon, 25 August 2014 18:52
by Mr. T
Columns


In marriage people get into cat fight some of them petty some of them very serious. I have read stories of couples who divorced because the wife is a bad cooker, some divorce because of sex or infedelity. However, i know of couples who fought the intruder together after a man cought the wife in bed with another man or reverse. All this is the couples have deside to have a common goal and they know its either they fight or fly away.
In business its the same thing. Most of Namibian enterprenuer get started through tenders. However, that isnt easy road as many might want to potray. They is a lot of coruption, nepotism that you have to be cut above the rest to just get in. However, the fact is for you to succeed you have to keep on pressing.
One way of getting to super-rich category is to understand that as humans we have paased through different stages. The fact that you will understand the Age we are living in will let you know what you need to do.  As humans we have gathered through these stage;
The Hunter-Gatherer Age:
In the Hunter-Gatherer Age, humans relied on nature to provide wealth. They were nomadic and went where the hunting was good and the vegetation plentiful. You had to know how to hunt and to gather—or you died. For the hunter-gatherer, the tribe was social security. Socio-economically, everyone was even. They were all poor but the best hunters were richer. Economic status was a bit determined by sheer luck and physical fitness. If you can live in a place with good forest then you can hunt the entire animal and eat to survive. The main thrust was survival.
The Agrarian Age:
The Agrarian Age saw the rise of classes between people. Due to the development of technology to plant and cultivate the land, those who owned the land became royalty, and those who worked it became peasants. The royals rode horses while the peasants walked. Socio-economically there were two groups, the rich and the poor.
The Industrial Age:
While many people would place the beginning of the Industrial Age in the 1800s with the rise of factories, I actually think of it as beginning in 1492 with Columbus. When Columbus struck out to find the New World, it was to find new sources of valuable resources such as oil, copper, tin, and rubber. During this time the value of real estate shifted from growing crops to providing resources. This led to the land becoming even more valuable. In addition, three classes emerged the rich, the middle-class, and the poor.
The Information Age:
Today, we are in the Information Age, where information leveraged by technology and inexpensive resources like google produce wealth. This means that the price of getting wealthy has gone down. For the first time in history, wealth is available to just about everyone. There are now four groups of people: the poor, the middle-class, the rich, and the super-rich.
Today, there are many ways to get rich in the Information Age, and many people are. However, the real question is how do you get super rich?
Moving from transactions to transformation
 This morning I read an article about a payment company called Square. Just a few years ago, Square was considered the darling of the Silicon Valley start-up scene. Dorsey, the founder was having a sharp design eye and grand ambitions has been compared to Steve Jobs.
The company’s core business was and is collecting a small percentage of the transactions they help process, primarily for small businesses - a hard business to be in. It takes a lot of transactions to make a profit.
Making money from payments processing is a bit like building a business by selling cool drinks simply for the bottle deposit: It takes a lot of effort just to convert a $8 bottle of Coke into a 50 cents return, and only in extreme bulk can those cents start to add up. More troubling, with Square’s business, the majority of those cents go to the financial intermediaries it works with. At every swipe, Square takes its small cut of the transaction price, but 70% (or more) of that fee often goes to Visa, MasterCard, and other institutions that handle risk and fraud detection, as well as card-member rewards and services.
This has led some people to criticize the company and its founder, Dorsey, saying it was desperately looking for an exit and would have to make some hard choices.
The criticism, however, is directed at the company’s current business model, a model that Dorsey says is simply Step 1 in a much grander vision to harness the vast amounts of data Square collects to build add-on products that move beyond payment processing - and provide higher margins.
Dorsey understood payments processing couldn’t be the endgame. ‘We always knew it was not our core business,’ he says. ‘We knew the real business was around the data.’”
Whether the company will be successful in its grand ambitions is still unknown, but one thing is clear: It will be the difference between a moderately successful transaction company and a game-changing product company - between being rich and being super rich.
Fight or Flight
The real difference between Dorsey and others who would be content with a safe, moderately successful company is courage. Dorsey was quoted, as saying with any challenge, there’s a fight-or-flight psychological reaction: either you continue to fight, or you go away.
This guy has chosen to fight. If he succeeds, that will be the reason why he’ll be super rich while others are simply rich.
What are you fighting for?
The reality is that we all probably won’t have the opportunity to be super rich in this life (though you may!) Nevertheless, we all have the opportunity to improve our situations today - to continue to grow and never settle, to fight.
The question is, what are you going to fight for to make your tomorrow better than it is today?