Why Keeping Your Earnings Capacity Going Strong is Crucial

Are you generating enough income to help you meet your needs and build your finances into that awesome shape that should keep you financially comfortable through life? The quest for financial success has a lot to gain from a good stream of income. Although the quantum of earnings does not guarantee proper management of one's finances, the fact is clear that the execution of even the best financial plan will be difficult without seed capital. Put differently, while any level of income can be managed in a way to ensure financial growth, generating sizeable and sustainable income will help in many ways to speed up your progress. The challenge of income-generation is therefore a foundational aspect of building your financial strength. Your investments will help to speed up growth, but you must first generate the income that sustains you and provides the capital for investments. Generating more income is a challenge that has to be faced up to and I believe you know. We will therefore rather focus on what you should be doing to position yourself for growing and sustainable income.

First, You Are a Product
Yes, that's right. Even where you have no factory to churn out products or a shop to market goods, you are a sellable product any day and one that is malleable. In other words, you are a product that is highly flexible and can become many things, depending on how you choose to shape you. Your inherent income-earning capacity is always there, waiting to be activated and that's the first point to note. You can always earn income, whether you choose to accept the fact or not. Failing to earn income, and a reasonable one at that, will be the result of some failure of self-discovery. You must fight it, if that's the case, because you will otherwise be robbing yourself of a lot of resources that are genuinely yours. So, irrespective of economic, environmental or other constraints, it is difficult to justify the inability to create income, unless in a case of special handicap. Much of the rest is a thing of willpower, which, hopefully you do not lack.

Tap it, Polish it
Tapping one's inherent earnings power simply calls for identifying the product(s) in you. And developing it (them). Even diamond, in its natural beauty, needs polishing to shine out. If you are hoping to make capital of the income power that is stored in you, you must move further from its identification to polishing it. Many of us suffer because we fail to see any product in us or cannot muster the courage to polish and shine what we see. If that has anything to do with you, then it is time to take control. First how do you find a product in yourself?

Everybody has a talent or some endowments. Education is one first step to that discovery. It helps you find your interests and to specialise. If you miss formal education, there are many other ways to find what is in you. Explore your interests. If you do so genuinely, there must be many things that you can commit to and make a mark in. When you find it, do not spare any effort in developing yourself and the interest or talent(s) you have. You can be sure that if you do this without looking back, irrespective of the field, you will soon command good market price, one way or another. If you perfect any endowment you have (hopefully nothing to do with criminality), there is hardly anything that will stop you from earning from it. When you examine it properly, every human effort can be commercialised. That's what to drive for.

You Can Sell Other Products
You can also always find other products to sell. Producers of products and services always have the challenge of marketing them and putting them in the hands of final consumers. There is always something to sell. Learning to sell is therefore one knowledge that will not fail to pay. The sales skill will always be in demand and for as long as there will be those who are looking to push products to consumers, how can you be unable to earn income? Acquire or polish your selling skill and be in business. If you can sell well but don't have a product, you really have one of the best products. Somebody will need you. Or you can sell some product for yourself to make money. Simple. You don't have income and doubt this? Put it to test. Become a super salesman and fail to make money. The problem is, will you take the trouble?

Make Things Happen for You
While it's easy to throw up ones hands in despair and blame everybody else and the government, have you done everything possible to get your income machine cranking? You have such machine, so it's just up to you to put it to work. But think about it: if you don't have income, how will you meet the important needs of the family, including education and more capacity building? How will you invest? Today we have Dangote Flour Mills, Japaul, NAHCO and Fidelity Bank share offers in the market and more are in the pipeline. Will you waive everyone off and say you don't have the resources? But that's how the future gets buried in more penury. If you generate income and apply proper financial management to put it to good use, you improve your opportunity to walk out of the financial doldrums. Shouldn't you?

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