In “It is your lack of action that kill the dreams” we shared the first lesson on Wealth Intelligence, a piece of wisdom by Professor Peter Kasenene at the Financial Literacy Week in Kampala.
The professor invested in real estate in his hey days as well as in a plantation of trees.
The second lesson was on controlling your destiny through mind renewal. The lesson, a personal experience, read like Napoleon Hill emphasises in “Think and Grow Rich” - “if you never make an attempt, you might never know the depths of despair, but neither will you experience the exhilaration of success.”
And so was the business life experience of the Investors club Patron, Mr Patrick Bitature an accomplished businessman. Mr Bitature started at 17.
He saw an Asian businessman in down town Kampala selling shirts.
The shirts were of very good quality but they were being sold cheaper than he thought they could fetch in a market made up of factory workers in the other end of Kampala city. The workers were well paid but did not have time.
Mr Bitature did not have the capital to buy the shirts and resale. He nevertheless decided to make an attempt at the wild idea of asking for the clothes on credit from the Asian shop owner who did not know him well.
As you would guess, the businessman was hesitant at first, but he agreed in the end.
The businessman, however, threw a challenge to him — “if I give you the shirts, how would you transport them to the factory.”
For this, the budding entrepreneur had a ready answer — a lie of course. He told the Asian that his mother had given him her car.
This lie settled the first part of the problem — his desire to get the shirts on credit to sell to the factory workers at a profit.
He then ran home on his day of “big break,” one piece of luck following another.
As fate would have it, her mother’s car was parked at home, complete with the keys.
Everything else followed as anticipated and by lunch hour, he was outside the factory selling the shirts in the car boot at handsome profits.
He sold out and received more orders. Be hold, a business and an entrepreneur is born from an attitude.
Patrick Wameyo is a financial literacy educator and coach