It took me a while to fully realize the value of something my company achieved years ago, and continues to savor today. It’s one of our greatest quiet advantages, full stop.
It’s not something you hear much about in business circles. In fact, I can’t remember the last time I heard anyone spend much time on the topic, or even bring it up in conversation, on a conference stage, or behind a podcast mic.
There is, however, lots of discussion about achievement in business. A company can achieve product market fit, operational efficiency, influence, revenue goals, or, ultimately — and hopefully — profitability.
But I’m not taking about those things. Those are the obvious things, the common talking points. And to those you can add the vanity metrics of achievement — social media followers, traffic, views, impressions, open rates, press mentions, gross this or gross that.
All those are what they are, but they aren’t where it’s at.
What I’m talking about is optionality. Achieving optionality is where it’s at.
Optionality is a hearty mix of profit margin, small size, independence, attitude, and freedom. You’ve got to have all of it to have optionality.
If a board is calling the shots, you don’t have much optionality. If your margins are thin, or non-existent, you don’t have much optionality. If the public owns a piece, you don’t have much optionality. If you’re too big to change direction quickly, you don’t have much optionality. And if you’re afraid to speak your mind and stake your point of view, you don’t have much optionality.
Optionality lets you do things no one would give you permission to do. It lets you write excellent software and give it away for free if you choose. It lets you do things that don’t make sense in the current climate, but will long-term. It lets you be early while eventually catches up.
Optionality is ecstasy. It’s making it up as you go, without making excuses. It’s openly changing your mind without having to save face. Optionality is equanimity, the corporate equivalent of enlightenment.
So, entrepreneurs, ditch the bullshit. Abandon growth-at-all-costs. Reject conventional metrics. Scorn hollow acceptance. Instead, hunt for optionality. It's freedom. It's power. It's everything you crave, wrapped in a single, potent package. Chase it relentlessly. And when you get it, don’t let go.
There’s no special destiny by default. What makes people special is their capacity to dream, do, and dare. It’s not enough to dream. Launch out with your gifts, do it afraid. Curate the destiny you desire with determination. #AsYouRiseToday
@ugodre Interesting breakdown! I agree it is very important data.
I believe one of the reasons the segment is getting less attention is the way it is labeled - “Self-employed” or “informal sector”. The world refers to it as “vulnerable employment”.
@ugodre I believe this label tells the real story better. Self-employed could easily be mistaken as being self-sufficient. Meanwhile, vulnerable employment means exposure to low income, forced to work long hours in dangerous working conditions @ugodre
@ugodre Interesting breakdown! I agree it is very important data.
I believe one of the reasons the segment is getting less attention is the way it is labeled - “Self-employed” or “informal sector”. The world refers to it as “vulnerable employment”.
In my free ebook 'Mind Over Money, I explored 7 types of money mindsets. From the Money Mismanager to the Miser, and the Monk to the Maestro. Had a chat with someone with a “money-monk” mindset today. It’s intriguing how some still view money as evil. https://t.co/b22lgRbNnB
Clearly, democracy in Nigeria is evolving! The dynamics we find in every election circle just seem different. I really look forward to 2027. It will be more interesting than 2023. We can see some alliances being formed already.
I am jealous of countries that have had multiple leaders and peaceful transition of power.
Listening to students in Ghana & Nigeria discuss leadership under different years has me wishing it was us.
Among young Nigerians it was interesting to hear different opinions about 2023
@drDendere @thenutmegteam What's the evidence you're in Lagos if you didn't eat a lot of 🌶️🌶️🌶️🌶️🌶️🌶️?🫣🤣🤣
It's great to have you around. Thank you! @drDendere
@iaboyeji I literally just keyed into your testimony 2 hrs ago and I am seeing the result already. I never thought of inviting God as the Chairman of our business until when I read your tweet this morning. Oh that I may tap into more of this grace oooo