Notes We’re planning for Tekedia Innovation Summit in Q4 2020 in Lagos for members of Tekedia mini-MBA, Tekedia General Management Program (GMP) and Tekedia Advanced Management Program (AMP). No extra cost to you. It is our plan to use that live innovation festival, supported with webcast for those outside Lagos, to deepen all we are learning here. […]
Week 1 of Tekedia Mini-MBA Session Goes Live 12 noon Lagos Time Tomorrow
My colleagues just dropped a line: “Sir, the Week 1 materials for the Tekedia Mini-MBA are scheduled for 12 noon Monday, Feb 10, Lagos time. It’s high time people eat special meals for lunch! The written materials, videos, 6 flash cases, 3 Challenge assignments, etc are done. We are also at standby to provide feedback via emails, etc where necessary to the community”.
Update: Visit Tekedia Digital Board to access the contents.
Registration continues and ongoing – please click and register. This program is supremely amazing, and I promise you that it would add value to your personal goals and those of the firm you work for. Join us tomorrow.
How To Register:
- PayPal: follow this link and pay $140 US dollars. Its supports most global currencies.
- Bank transfer (Nigerian naira): Pay N50,000 into any of GTBank 0114016493, UBA 1019195493. Account owner: First Atlantic Semiconductors & Microelectronics.
- Flutterwave: follow this link (naira) or this one (USD) to use your Verve, Visa, Mastercard, Amex, etc cards across Africa and beyond (you can use same links for other currencies, please ask for exchange rate before payment if not on Naira or USD).
- Automatic Access: Pay via this Tekedia link for self-automatic enrollment with username.
After payment, email tekedia@fasmicro.com with participant’s name and email to complete the registration.
https://www.tekedia.com/mini-mba/
Why Elon Musk Has A Shot of Becoming the World’s First Trillionaire
I do not think you really know the compound effect.This illustration will teach you how the power of compound effect could be. To be clear, compound effect is simply the effect of compound interest on anything.
Are you currently aware that there are four companies that have a market capitalization of $1 trillion. These companies are Apple, Amazon, Google and Microsoft. Now, imagine combining them into one company. What will be the cumulative market cap? It will be $4 trillion.
That is exactly what compound effect is-when you combine and add up the values of two or more things together, its value will dramatically increase.
Just imagine having a company that has $4 trillion market capitalization? This may look impossible but it can be possible. All one needs to do is to have the above companies in ten places.
That is exactly the pathway for the world to see its first trillionaire. That is exactly what Elon Musk is gradually turning to be. This legend is not solving common problems like software, marketplace, search or providing hardware technologies. Instead he is pursuing to solve greater problems like climatic change, sustainable energy, threat of AI to humans and Having another habitable planet etc. You can see by yourself where I’m heading to.
How will Elon Musk Become the First World Trillionaire?
Jeff Bezos net worth as at February 2020 stands at $125.3B, his stake in Amazon is 12% according to Forbes. Elon Musk net worth is $38.1B and his stakes in his companies are 50% of SpaceX and 20% of Tesla as of February 2020 according to CNBC. You can analyse the comparison.
But this is how this book on global Business Models called “3S Rules by Progress Ibrahim” predicted the rise of Elon Musk to a trillion net worth.
“The reason why Elon Musk will rise faster in the future than any other entrepreneurs in net worth is simply because he has seemingly impossible problem solving businesses.
I will explain with the following headings.
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Success in colonizing planet Mars.
This was Musk’s original idea in founding SpaceX. He wants to make space exploration inexpensive and he wants to reduce the cost by a factor of 10. If Elon Musk succeeded in colonizing Mars it means people will exchange money for the value of going to another planet. Going to planet Mars will seem like going to Paris, it will become the highest luxurious place to visit. It will become the best place to visit either for holidays, for vacation, for exploration, for tourism or to base.
Now imagine the enormous monetary value that will be generated through this feat. Well, I believe if the vision of colonizing Mars becomes successful; it’s only a few companies that will match SpaceX’s valuation or capitalization.
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Success in Solving Global Warming Problem
Elon Musk has always had business ideas that tend to solve the biggest of human’s problems on earth. We all know that the problem of environmental pollution has resulted in global warming-a depletion of ozone layer by the emission of carbon monoxide CO.
Global warming is called global goods because it’s a worldwide problem. It is a global system which affects the air. As such, solving the global warming problem will mean solving a global problem. Musk co-founded Tesla Inc. to manufacture electric cars so that if everybody starts using electric cars there will be a reduction in the production of pollution that causes global warming.
Imagine, the business succeeds to the extent that every country adopts electric cars. The monetary success for Tesla and Musk would be amazing.
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Success in integrating AI and human brain:
Another very big human problem that may occur in the future is the fact that AI may become a threat to humans. So, steps need to be taken in order to avoid this future problem.
Elon Musk founded Neuralink to develop a device that would integrate the human brain and AI so that both would function with little difference.
Imagine this business succeeds and every human being on earth has to use this device. This will also result in the generation of huge financial returns to Musk and the company.
Now, when you sum up the success of these Musk businesses, then you will know that he could become a $trillion worth entrepreneur in the future. Can’t you see that to Musk as the morning shows the day so the child shows the man.”
These three companies are not the only businesses must have founded, he is also the founder of the Boring company, Hyperloop and others. Just determine the compound effect of these great problem solving and high value unlocking businesses.
Why will Elon Musk become the first Trillionare?
The reason why Elon Musk will become the first person to break this record will be drawn from recent discussion I was part of on Prof. Nduibisi Ekekwe linkedin’s page on why some really smart inventors die poor and why do we found companies.
My response is why Musk will become a trillionaire in the future. They are;
- Elon musk is a very smart inventor and innovator, he has great ideas and solutions to some of the biggest of human’s problems.
- Elon Musk is commercialising his ideas. That is why we have Tesla Motors. A solution to climate change. Neuralink is a solution to the threat of AI to humans and SpaceX is a solution to having another planet to live on.
To be really financially successful in life you must convert your smartness, ideas and solutions to products and services that people will pay you for.
What is your take,comment and contribution. Let’s have a great discussion on this uncommon business topic.
From Monday, Make The Innovation Force Larger And More Potent
It is the countdown to Monday when our excursion to Growth via Innovation begins. Many do not bother with innovation because they do not see the survival of their organizations to be absolutely mandatory. I know you do for yours – and the very reason you must join us.
If market friction exists, you need a business force to overcome it. From fundamental physics, Force = Mass x Acceleration. In business, your Team is the “mass” and your Capabilities is the “Acceleration”. When you multiply both, the Innovation Force should emerge. Until that Innovation Force can overcome the market frictional force, you will not thrive. You will learn how we will make that Innovation Force bigger and more potent, to drive growth and win market share for you.
Join us – Monday, Feb 10 at Tekedia Mini-MBA.
How To Register:
- PayPal: follow this link and pay $140 US dollars. Its supports most global currencies.
- Bank transfer (Nigerian naira): Pay N50,000 into any of GTBank 0114016493, UBA 1019195493. Account owner: First Atlantic Semiconductors & Microelectronics.
- Flutterwave: follow this link (naira) or this one (USD) to use your Verve, Visa, Mastercard, Amex, etc cards across Africa and beyond (you can use same links for other currencies, please ask for exchange rate before payment if not on Naira or USD).
- Automatic Access: Pay via this Tekedia link for self-automatic enrollment with username.
Towards Restoring the Dignity of Women in A Male-Dominated World
Women in every part of the world are agitating for recognition, respect, change and equal rights. They want their voices to be heard. They also want to be given equal opportunities in all walks of life, just like their male counterparts.
For a long time, women have been discriminated against, directly and indirectly. They have been denied many entitlements in the name of culture, religion and society. Some cultures treat women as if they are invisible, and then there are those that treat women as tools to be used by men. We also have the cases of some religions that isolate women and prevent them from partaking in religious activities because their doctrines instil that women are unclean beings.
Today, a great number of women all over the world have made it clear that they are tired of assuming the second place. They have shown the world that they no longer want to remain invisible. They have taken up their rightful places in the world. And they no longer wanted to be treated as tools, but as humans. These women are done with being branded misfits, because they know they are capable of performing several roles in society. Today’s woman wants to be who she desired to be, irrespective of what the society, religion or culture thinks.
But women’s “liberation” movements haven’t been much fruitful because there are still so many women who are yet to come out of their shells. These are the ones who have been broken by the society. These ones will find it difficult to heal because the damages done to them have eaten so deep into their very essence. It will take time and lots of hard work for these damages to be reversed; if at all it will be possible.
In the world today, there are still so many women that need to be helped.
This set of women have been brainwashed into believing they are incapable of achieving anything substantial because they lack the ability to think clearly and act logically. Derogatory statements such as, “Women don’t have brain/sense” have caused much more damage than you could tell. What is more, this statement is made by both men and women, and they believed it to be true. This fallacy has cost many women their self-worth because they thought that men are the only ones that think things through. The end result of this is that a lot of women depend on men to make decisions for them, even if the decisions were disadvantageous to them (the women).
Some women have been indoctrinated into believing that they lack physical strength to carry out certain kinds of work. Because of this, they shy away from jobs, which they assumed were carved out for men alone. Today, women are uncomfortable with going into engineering because they see it as a man’s profession. They run away from medicine because it is “too stressful” and “women can’t stand stress”. They don’t own mega businesses because they will stress themselves with travels, board meetings, and all. So, all women think about are running petty businesses and going into professions that are “less stressful” but pay close to nothing.
Women have been taught that their major functions in this world are to get married, have babies, nurture their children, take care of their husbands and their husbands’ homes, and then help the men in their lives to make it here on earth and in the life after. Yes, most women believe they have no life of their own; they see themselves as existing for the sole aim of making their husbands and children succeed. Some were even made to believe that in the life after, they are still tools used to keep men happy. In other words, their “slavery” lasts for eternity because they are women. This sort of women see themselves through the mirrors of the men in their lives.
By the way, do you still remember that Nigerian remarks that insinuates that “a woman’s certificate ends in the kitchen”? Well, that short statement has done more harm than you could tell. Desist from using it.
The outcome of all these can be seen in the lives of many women today.
Many women don’t think highly of themselves. They have accepted the second place in the world. They don’t want to battle or drag anything with men. In fact, any woman that challenges even a junior male colleague or a younger male neighbour will be chided and reminded that, “He’s a man” and “You’re a woman”. This is just a way of telling her to shut up and swallow whatever that was dished out to her by anybody from the opposite sex. If she insists on being herself and staying expressive, she will be branded “vile”, “uncouth”, “irresponsible”, “non-wife material”, “ill-mannered”, and so on and so forth.
The danger of women thinking lowly of themselves is that they transfer the low self-worth mentality to the younger generations. They restrict their daughters from going after the careers and hobbies they love without any good reason except that they are girls. They train their daughters to accept the second place, or worse become invisible. They train their daughters to serve men irrespective of their age and status, and to accept whatever the male folk did to them because “they are men and they are like that” and “women must learn to endure”. In fact, women with low self-worth pass on the baton of servitude and inferiority complex to their daughters, who will in turn pass it down to their own daughters. And so the story continues.
To be honest, parading the streets in groups, holding and displaying placards, chanting anthems about equality and equity, and attacking any man or woman that questions the rationale, won’t really solve the problems facing womanhood today (though it can give women temporary morale). If it would have done so, by now we won’t have laws and cultural practices that unfavoured women. Yes, a lot of laws in Nigeria don’t favour women but so many people don’t know that. However, these laws are still there because the women that will amend them haven’t shown up yet. So, restoring the dignity of womanhood in Nigeria isn’t about women declaring feminism in real life and in the social media and attacking every man that crosses their path. That is not the right way to restore women’s lost glory.
How Women Dignity Can Truly Be Restored
If you want to build a house that will last for a very long time, you start by building a very strong foundation. If this stage isn’t well done, then the house is at risk of imminent collapse. The house owner will struggle day in day out to keep it standing by patching up cracks and all. This is just the same thing with restoring women’s dignity in the society – starting from foundation.
The only way to restore the dignity of women is by bringing up our girls right. From the moment a girl-child is born, the parents should see her as a human being, capable of achieving anything she sets her heart on. They shouldn’t restrict her from going after her dreams or make her look down on herself. She needs to learn to be bold, intentional and assertive. She should be taught to respect others, but never to place herself below them. She should be taught that she has roles to play in the world but that her gender doesn’t restrict her from doing more than she ought to. Let the girl-child see herself as human first, before assuming the role of a woman.
This is not to say that only the girl-child should be paid attention to. As you train your daughters to find their places in the world, train your sons to find theirs too. Don’t share tasks for your children based on their genders; give them a chance to choose for themselves. Allow the children to grow up as humans, not as different genders. When they grow up with this mindset, they will bring forth a society that will be ready and willing to give women their rightful positions.
Trust me, until the universe raises humans who do not look down on the members of the other gender, the fight for women liberation will continue for a long time.