Thread by @c_shepherds

Dear friends, welcome to today's edition of #navigatewithidy with @IdyEnang. It promises to be an interesting edition, so please tune in to 91.3FM @LagosTalks913.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Purchasing power is the sum total of all liquid assets that a business has at its disposal. This includes cash, credit & any outside financing that is available.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Purchasing power is what you use to pay your overhead. Overhead represents the minimum ongoing resources for a business to continue operation.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Every business needs an open-line & that purchasing power is what you have and the more you have it, the better you are for it.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Money flows through a business in predictable ways. If you as an individual or a business owner understands how revenue, receivables, expenses & credit work...

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

...You can ensure that you continue to have purchasing power on hand to continue your operation & maximize your available options.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Receivables are promises of payment you have accepted from others. Receivables don't translate into cash until the promise is fulfilled.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

The more quickly that promise is translated into payment, the better your cash flow.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Debt is a promise you make to someone at a later date. Debt is attractive because you can benefit from the purchase now while holding on to your cash until later.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

The later you pay, the more cash you have at your disposal. Debt can be useful but it also cost additional money in the form of interest.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Opportunity cost is the forgone benefit that would have been derived from an option not chosen. Opportunity cost is important because there will always be other options.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Opportunity cost is important because it is always hidden. It causes you the "absence blindness." Human beings have a hard time paying attention to what is not present.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Paying attention to what you are giving up by making a decision helps you consider all of your options accurately before making a decision.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

A lot of people today are users of talent, they don't believe in building talent & giving them the necessary value based on what they are giving to us by way of productivity.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Always consider only what happens to be the best alternative at the time of your decision & this requires deep thinking.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Disciplined thoughts bring about disciplined actions & disciplined actions bring about productive & sustainable businesses.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

If you pay attention to the opportunity cost of your decision, you will make much better use of every single resource at your disposal.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

The Concept of the Time Value of Money: Would you rather have a million naira today or a million naira 5 years from now?

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

How much more is dependent on what you choose to do with that particular amount of money.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

The more profitable options that you have to invest that particular money in, the more valuable it is.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

When you want to calculate the time value of money, it is important as a way of making decisions in the face of opportunity costs.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

The Concept of Compounding: Compounding is the accumulation of the gains over time. Your investment will build upon itself exponentially. It is called a positive feedback loop

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

A simple example of compounding is a savings account. Compounding is important because it creates the possibility of huge gains in surprisingly short period of times.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Compounding is the secret that explains how small companies can reinvest their profits & become large companies in a few short years.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Accumulating gains inevitably produces huge results overtime. You just have to be patient enough to wait for the reward.

#navigatewithidy #businessschool #businessmanagement #tuesdaymotivations @IdyEnang @LagosTalks913

Thank you so much for listening & we will be back on Thursday. If you have questions, please send a message to [e-mail].

To listen to this podcast & past editions, please visit anchor.fm/idyenang.

#navigatewithidy @IdyEnang @LagosTalks913

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