He was on Horeb, and saw a burning bush. The bush was on fire but it did not burn up. So he thought, “I will go over and see this strange sight—why the bush does not burn up.” There are huge business lessons for us here.

First, his attention was needed for a very important message; he needed to be consumed by something uncommon. Second, his bravery was tested – what would he do seeing a burning bush unconsumed by fire? Third, if he passes the test, his offer letter would be signed; “I am sending you to Pharaoh to bring my people the Israelites out of Egypt”.

In companies, only undistracted, focused and committed people are typically called to execute higher missions. Moses was attentive to have seen the burning bush. Are you paying attention to new market opportunities and shifts in customer preferences? Firms typically put the selected ones through tests with uncommon KPIs and targets to see how they respond. Can you stand the burning bush in the Nigerian economy and still deliver great numbers?

Like Moses, do you go into the market or do you just give up and run away from the market burning bush? But note this: if you run from the burning bush, that CEO, Directorship, GM, etc role will not come. Yes, you have just missed an opportunity to LEAD on that role.

And to companies, just as Moses was supported, you need to support the leader once you have sent on that mission. Yes, do not send leaders on missions without support. The Lord prepared Moses and gave him assurances of support all the way. He identified the mission, and gave him a roadmap to present the mission to the elders of Israel.

Just as I AM [the highest authority] empowered Moses, firms must use high authority to communicate and support great missions. Happy Sunday.

Reference: Exodus 3:1-17 New International Version (NIV)

3 Now Moses was tending the flock of Jethro his father-in-law, the priest of Midian, and he led the flock to the far side of the wilderness and came to Horeb, the mountain of God. ² There the angel of the Lord appeared to him in flames of fire from within a bush. Moses saw that though the bush was on fire it did not burn up. ³ So Moses thought, “I will go over and see this strange sight—why the bush does not burn up.”

⁴ When the Lord saw that he had gone over to look, God called to him from within the bush, “Moses! Moses!”

And Moses said, “Here I am.”

⁵ “Do not come any closer,” God said. “Take off your sandals, for the place where you are standing is holy ground.” ⁶ Then he said, “I am the God of your father,^[a] the God of Abraham, the God of Isaac and the God of Jacob.” At this, Moses hid his face, because he was afraid to look at God.

⁷ The Lord said, “I have indeed seen the misery of my people in Egypt. I have heard them crying out because of their slave drivers, and I am concerned about their suffering. ⁸ So I have come down to rescue them from the hand of the Egyptians and to bring them up out of that land into a good and spacious land, a land flowing with milk and honey—the home of the Canaanites, Hittites, Amorites, Perizzites, Hivites and Jebusites. ⁹ And now the cry of the Israelites has reached me, and I have seen the way the Egyptians are oppressing them. ¹⁰ So now, go. I am sending you to Pharaoh to bring my people the Israelites out of Egypt.”

¹¹ But Moses said to God, “Who am I that I should go to Pharaoh and bring the Israelites out of Egypt?”

¹² And God said, “I will be with you. And this will be the sign to you that it is I who have sent you: When you have brought the people out of Egypt, you^[b] will worship God on this mountain.”

¹³ Moses said to God, “Suppose I go to the Israelites and say to them, ‘The God of your fathers has sent me to you,’ and they ask me, ‘What is his name?’ Then what shall I tell them?”

¹⁴ God said to Moses, “I am who I am.^[c] This is what you are to say to the Israelites: ‘I am has sent me to you.’”

15 God also said to Moses, “Say to the Israelites, ‘The Lord,[d] the God of your fathers—the God of Abraham, the God of Isaac and the God of Jacob—has sent me to you.’

“This is my name forever,
the name you shall call me
from generation to generation.

16 “Go, assemble the elders of Israel and say to them, ‘The Lord, the God of your fathers—the God of Abraham, Isaac and Jacob—appeared to me and said: I have watched over you and have seen what has been done to you in Egypt. 17 And I have promised to bring you up out of your misery in Egypt into the land of the Canaanites, Hittites, Amorites, Perizzites, Hivites and Jebusites—a land flowing with milk and honey.’

About 50% of Nigerians are open to leave Nigeria due to the high unemployment rate and explore a better economic future outside the nation. This number was 20% in 2014. Also, close to 50 percent of Nigerian jobseekers face chronic unemployment of more than 2 years. This is contained in the latest World Bank report – ‘Of Roads Less Travelled: Assessing the Potential for Migration to Provide Overseas Jobs for Nigeria’s Youth.’

This report finds that Nigeria’s labor market has not kept pace with the increasing number of labor force entrants in recent years. Combined with rising aspirations of increasingly educated youth, there are continuing signs of migratory pressure in Nigeria’s economy. The recent rise in irregular migration from Nigeria is one manifestation of this problem. Together with steps taken to curb irregular migration, it is essential for countries such as Nigeria to improve their managed migration systems to enable youth to find overseas employment and to benefit from remittances as well as transfer of skills, technology, and investment. The findings presented in this report stems from a deep engagement with stakeholders in Nigeria and abroad and it is our hope that this exercise will support the Government of Nigeria in filling critical information gaps to aid migration policymaking.

This is a challenging report for the nation. We hope our political leaders will act and fix things. I have put my suggestion on how we can create innovation of the future by fixing access to capital. With problems everywhere, what may be missing is the capacity to combine factors of production to fix them. If we can do the matching, among Knowledge, Capital, and Entrepreneurial Capitalism, the issue of Labour could be fixed.

China’s quest to bring its internet industries under total governmental control is seeing a shift to edtech. The crackdown, which started with the financial sector, targeting Alibaba, the Ant Group and the cryptocurrency market, is gradually escalating to every part of China’s tech industry.

Didi, a burgeoning ride-hailing company that gave Uber a run for its money in China, and recently got listed in New York Stock Exchange, became the latest victim. Now, companies offering online education in the south Asian country are facing new rules that will force their businesses into non-profit.

The decision was contained in a document circulated on Friday, and has been confirmed by Chinese news outlet, Xinhua. Foreign investment in the sector will be prohibited under the rules set out by the State Council, Xinhua said.

In details, Bloomberg reported Friday how China was considering asking companies that offer tutoring on the school curriculum to go non-profit, citing people familiar with the matter, as part of a sweeping set of constraints that could decimate the country’s $100 billion education tech industry. The news sank shares.

The new rules means the ed-platforms will no longer be allowed to raise capital or go public. Listed firms will also no longer be allowed to invest in or acquire education firms teaching school subjects while foreign capital will also be barred from the sector.

Local regulators will stop approving new after-school education firms seeking to offer tutoring on China’s compulsory syllabus and require extra scrutiny of existing online platforms, the people have revealed. Vacation and weekend tutoring on school subjects will also be banned, they said. Changes may still occur as the rules haven’t been published.

New Oriental Education & Technology Group sank a record 41% in Hong Kong Friday, while Koolearn Technology Holding Ltd. tumbled 28%, also its biggest-ever single day loss. TAL Education slumped 47% in U.S. pre-market trading and Gaotu Techedu dropped 53%.

The new set of regulations, devised and overseen by a dedicated branch set up just last month to regulate the industry, could wipe out the enormous growth that made stock market darlings of TAL Education Group and Gaotu Techedu Inc.

“Making the sector non-profit is just as good as eradicating the industry all together,” said Wu Yuefeng, a fund manager at Funding Capital Management (Beijing) Co. “The regulations on financing are a major surprise and show that to the authorities, this is a matter of no small importance. In the short term for the sector, any news will be bad news.”

Beijing is coming down hard on the sector as excessive tutoring anguishes young pupils and burdens parents with expensive tutoring fees. It’s also regarded as an impediment to one of the country’s top priorities, boosting a declining birth rate. Last month, China said it will allow a couple to have three children and released a slew of support measures to encourage births and lower child expenses.

Making the whole sector go non-profit “would make being a listed entity meaningless,” said Justin Tang, head of Asian research at United First Partners. “Investors are selling out first and asking questions later. It’s all being done to reduce the cost of education and motivate citizens to raise kids.”

Education technology has emerged as one of the hottest investment plays in China in recent years, with $10 billion of venture capital money pouring into the sector last year alone. Alibaba, Tencent Holdings Ltd. and ByteDance Ltd. all entered the arena, seeking to capitalize on Chinese parents’ desires to give their children every academic advantage. A spokesman from the education ministry said relevant policies are still being formulated and declined to provide more details.

Beijing is taking issue with for-profit companies for stressing out kids while enriching investors and startup founders. In May, President Xi Jinping chaired a meeting with top officials where they approved a new set of rules to ease the burden of homework and after-school training for primary and secondary school students.

Last month, China’s education ministry created a dedicated division to oversee all private education platforms for the first time. That followed a plethora of restrictions, including caps on fees firms can charge and time limits on after-school programs. Regulators have fined two of the biggest startups for false advertising: Alibaba-backed Zuoyebang and Tencent-investee Yuanfudao. A new law on minor protection, which went into effect June 1, also bans kindergarten and private institutions from teaching the primary-school curriculum to preschoolers — not uncommon previously.

Several high-profile startups in the sector — including Yuanfudao, which at $15.5 billion is the most valuable of the lot — are likely to have to put initial public offering plans on hold because of the crackdown.

Shares of China’s largest private education companies are among the world’s worst performers in recent months, with New Oriental Education, TAL Education and Gaotu Techedu together shedding nearly $100 billion of value from their highs reached earlier this year.

They called him the “Athlete of the Century”. He was a  dominant sprinter and long jumper, “one of only three Olympic athletes who won a gold medal in the same individual event in four consecutive Olympic Games”. I join Carl Lewis to wish all the Olympians a great event in Tokyo. Nigeria, go for gold in basketball – and more.

Photo date: 2012

Firms win by accumulating capabilities. From Google to Dangote Group, when companies accumulate capabilities, they operate in domains that generate higher value (usually upstream) compared with where most typical firms operate (usually downstream). Dangote Group can deploy massive assets and technical know-how in cement production, making it harder for new entrants and rivals.

Google uses its datasets to win on search. By holding the first-scaler advantage on search, it enjoys the virtuoso circle of network effects which keep compounding, generating new leverageable factors which keep making Google better.

Make a business resolution: I will accumulate and compound my capabilities. You need capabilities to create products and services which are forces required to overcome frictions in markets. Markets reward through revenue when companies fix frictions.

Go upstream and capture value in markets. Watch this video.