WARRI/Nigeria: Strategic Investment and Entrepreneurship mentality has been said to be the utmost source of sustainable wealth creation.
This was stated by Mr. Precious Agbuno, a snr. Market Development Officer, while lecturing the students of Centre LSD Leadership School in Partnership with Value Rebirth and Empowerment Initiative, Effurun- Warri study centre on “Strategic Investment and Entrepreneurship”, at Heartland hotel, Effurun, Delta State.
He said lack of strategic investment mentality is the main reason why many are poor not because money has not passed through their hands, and that the pathway to wealth creation is through financial intelligence and financial planning.
Mr. Agbuno described investment as an asset or item purchased with the hope that it will generate income or appreciates in the future to create wealth, even as he mentioned the various types of investment as fixed income investment, variable income investment and human/social investment.
He stressed the need for people to think outside salary and cultivate investment mentality by buying assets, learning new skills, setting up business, even as he maintained that nomadic mentality and consumer mentality are some of the reasons why most people don’t invest.
In defining entrepreneurship, Mr. Precious said it is the starting of a new business, and gave some secrets of entrepreneurship as clarity, competence, courage etc, adding that a business plan is required in starting a business as it serves as a road map which entails Company/Product, Industry Market Analysis, Operations plan/Organisational plan as well as Financial plan.