Execution is the Game Changer

This is the first in what promises to be an interesting chain of discussions.

The end result is clear: That we will all return home empty!

Home? Yes, to our Creator.

Empty? Yes, Our Creator’s expectation is that we gainfully employ the gifts, talents and opportunities which He brings our way.

That’s the crux of 5W1H.

We need an understanding of WHAT we carry. Our gifts, our talents, our inclinations.

Thereafter we come to the knowledge of WHY we have them, WHERE we to use them, and those people WHO are to benefit from it, and also assist to bring it to life.

Since the terrestrial is time-regulated, we need to know WHEN to act, so as to realise the desired results.

The missing part of the puzzle is HOW to get all this together; and that is EXECUTION. The Game Changer!

Gone are the days when Ideas rule the world. In this age and time, its Execution that rules. It’s execution which finally proves your concept; which drives home your point; which births your essence in life.

Join us in this Journey as we pass across a point on this new game changing attitude – Execution.

That’s why “we” were formed. We are the 5W1H Consults Team.

One of the wonders of the World: Compounding

I recommend the power of compound interest to young people, don’t get me wrong: even middle-aged and elderly people can still benefit from compounding. But, as you will soon discover, compounding has a strong ally in time. Together, they do great things. You can then see why younger people, with more time on their hands, can also do great things if they understand the magic compounding and the results it can deliver. A young person, who learns the powerful impact of compounding, can be profoundly influenced by this concept in making choices early in life and can indeed achieve phenomenal results in good time. A parent who, at the birth of a child or while he is still a toddler, engages the factor of compounding in setting up the child’s financial future, may find that he only has a modest effort to make now, while compounding, with its friend, time, will do the rest.

What Is Compound Interest 
Compound interest is interest that is added to the principal sum at the end of the investment period and both are reinvested as principal for another term. Interest in the second period is calculated on the initial principal plus the first period’s interest. More properly put, the interest in the first period is capitalized, making it effectively part of the principal in the second period. This is called compounding of interest, different from simple interest which does not capitalize the periodic interest. Note too that this basic concept of interest compounding can be stretched beyond interest capitalization. The idea can be applied to investment in stocks, for instance, if you hold a good stock and reinvest dividends and bonuses. The impact, over time, could be dramatic.

The Harvard University Study
A major study was undertaken by one sociologist at Harvard, Dr Edward Banfield, aimed at identifying how and why some people became financially independent during their working life. His findings, published in 1970 in a book entitled The Unheavenly City, showed that the major factor for success in those who attained financial security was what he termed “long time perspective”. He discovered that those who took a longer time perspective in planning and working on their financial goals were more likely to achieve greater success. This is also the turf on which compounding plays.

Dramatising The Impact
One way of explaining the impact of compounding is by illustrating the results with hypothetical cases. One interesting illustration is in the story that a native American tribe sold Manhattan in 1626 for goods worth 60 Guilders. Calculation shows that if that sum of 60 Guilders was invested then at 6.5% compounded annually, it would have been worth €700billion by 2005. Now, nobody can wait that long for the benefit of an investment, but it makes the point! Let’s, however, look at another shorter-span illustration:

A single investment of N100,000 at 10%, compounded annually, will produce the following results, over 50 years: 

of Years
Value of N100,000
compounded at 10%
1 N 110,000
2 N 121,000
3 N 133,000
4 N 146,000
5 N 161,000
10 N 259,000
20 N 673,000
30 N 1,475,000
40 N 4,526,000
50 N 11,739,000


If this compounding is done more frequently, say monthly, the result dramatically increases. For this example, the 50th year value will be N14,537,000 if compounding is done monthly.
What comes across, clearly, is that if compounding is given sufficient time to work on an investment, it generates value growth that could seem disproportionately high.The Impact of Timing
Timing has critical areas of impact on compounding. The first is that the frequency of compounding can leave a major impact on the result. If compounding is done half-yearly instead of annually, the yield is higher. If done monthly, the impact becomes even more significant. Again, it’s important to note that accelerated savings will produce better results than when delayed. You are better off plugging in your saving early, than waiting to do so years down the road. Higher volumes of investment at that later stage will not enjoy the benefit of the long time span which provides the fertile ground for compounding to work. So, you get less for more!

How To Profit From This
Building a strong investment portfolio goes beyond putting some money in a savings or other deposit account for compound interest. But it is an important part. Besides, you need to accumulate funds for other investments. Bits of savings, over time, can build your seed capital. Understand, too, that the idea of compounding can be applied to various investments. Compounding does one good thing: it helps you to see, in bold relief, the impact a long term perspective can have on your financial capacity. If we see this properly, we may never really be poor in the long term. How? By taking the modest actions today, which, over one’s lifetime, are capable of transforming him without extraordinary effort. All you need are consistent, modest and timely investment actions and some patience and the rest will literally happen on its own. The problem is that many live from day to day and do nothing to change the course of tomorrow.

If you think and act differently, you will escape this trap and your future will come out looking good. If you don’t have the patience for skimping and waiting for years to grow your investments, I suggest you read Seven Years to Seven Figures by Michael Masterson for a fast track formula. Who knows, it may work for you.

Culled from:


Top Celebrity Investors 1

Hollywood’s biggest celebrities are investing millions into new ideas that they are hoping will become the next big thing. From Tech to Stocks, celebs are bringing their connections and capital to the table.

So, you want to know how the stars are investing their money? Here are the top celebrity investors making big moves and redefining themselves through their investments.

Image result for hollywood

1: Ashton Kutcher: Over the last few years, Ashton Kutcher has become the man to watch in the startup world. Ashton seems to have the magic touch when it comes to investing, and his truly impressive portfolio speaks for itself.

In 2011, Ashton co-founded a venture fund called A-Grade Investments and proceeded to invest in some of the world’s most influential startups including Uber, Airbnb, and Spotify, to name a few.

What’s the key to his investing success you ask? He weighs his investments based on two critical factors: return and happiness.

Most Notable Investments: Skype, Airbnb, Foursquare, Warby Parker, Uber, Spotify, Casper and many more.

2: Andre Young (Dr. Dre): Legendary rapper and producer Dr. Dre is also a legendary entrepreneur and investor. And it only took one major hit to make him one of the wealthiest people in the music industry.

Beats by Dre took the headphone world by storm. Beats went beyond everyone’s expectations when Apple bought the company for a whopping $3 Billion, netting the rap mogul over a half a million dollars in profits.

As it turns out; the musical master is just as savvy in investments as he is in the studio and Dre knows the value of hard work. This summer, Dr. Dre is set to receive his Apple stocks options, worth more than $100 million.

Most Notable Investments: Beats by Dre

3: Jared Leto: You may best recognize Leto as the lead singer of the rock band 30 seconds to Mars, or from his Oscar-winning role in the blockbuster film Dallas Buyers Club. However, this multi-layered, multi-talented superstar is also well known as one of the savviest investors in Hollywood.

To date, he has invested in more than 50 tech startups, including getting in on the ground-floor of Uber, Airbnb and smart home technology, Nest Labs before Google bought it for $3.2 billion.

While Leto holds a vast portfolio, he remains a very involved investor and even serves as an adviser for a number of companies. Jared attributes his success to his entrepreneurial spirit, which he has had since he was a child.

Most Notable Investments: DocuSign, Reddit, Slack, Nest Labs, Uber, Airbnb, Snapchat, and Spotify

4: Leonardo DiCaprio: Acclaimed actor, producer and environmentalist, DiCaprio is on a mission to save the world; one sustainable investment at a time.

DiCaprio has not only made a name for himself with his award-winning performances on-screen, but he has also carved out his place as a well-respected tech investor off-screen. This socially conscious star has dedicated himself to supporting innovative projects around the world that protect the environment and restore balance to vulnerable ecosystems.

Through his investments, DiCaprio strives to make a difference in our world. He has invested in various industries such as innovative enviro-tech, virtual reality projects, plant-based foods, and even sustainable clothing companies.

Most Notable Investments: Casper, Beyond Meat, Solarin, Mindmaze, Rubicon Global, Allbirds.

5: Justin Bieber: At 24, Justin Bieber is arguably on eof the most famous people in pop culture today

While his trendsetting and moneymaking talents are well-established, it’s far more interesting to learn how he is investing his immense earnings. The pop star has invested in more than a dozen companies in the startup world, including Tinychat and the wildly popular music-streaming site, Spotify.

Beiber believes in investing in what you know and what you love — “I’m not going to invest in something I don’t like; I have to believe in the product.” This ethos has worked wonders for him, considering that since investing in Spotify in 2009, it has become one of the biggest music streaming services in the world, with over 2 million users to date.

Spotify is a unique investment opportunity and you can get in on the action too. Check out Spotify on eToro now.

Most Notable Investments: Spotify, Shots Studio, Tinychat, Sojo Studios and Stamped.

What is FinTech and What is all the Fuss About????

What’s all the fuss about Fintech?

Financial technology; FinTech for short; refers to an evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy providers. The lines are blurring, and it’s getting harder to know where technology ends and financial services begin.

The term FinTech is often tossed around in the media and in casual conversation. And while many use the term, its specific meaning often gets lost somewhere along the way. Startups use technology to offer existing financial services at lower costs, and to offer new tech-driven solutions. Incumbent financial firms look to acquire or work with startups to drive innovation. Technology companies provide payment tools. These can all be seen as FinTech.

So, what exactly is Fintech and why is there so much fuss about it? Let’s try to answer this by doing a Q & A session gotten from a variety of sources and materials on the subject.

Q: What is FinTech?

A: Broadly, the term ‘financial technology’ can apply to any innovation in how people transact business, from the invention of digital money to double-entry bookkeeping. Fintech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. When fintech emerged in the 21st Century, the term was initially applied to technology employed at the back-end systems of established financial institutions. ​Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech has expanded to include any technological innovation in; and automation of; the financial sector, including advances in financial literacy, advice and education, as well as streamlining of wealth management, lending and borrowing, retail banking, fundraising, money transfers/payments, investment management and more.

Q: What does a typical Fintech company look like?

A: According to a 2016 PwC financial services report on Fintech, most people think of only startups when they refer to Fintech. The players in the FinTech ecosystem can be described as As, Bs, Cs, and Ds; which are described below:

  • As are large, well-established financial institutions such as Bank of America, Chase and Wells Fargo sometimes referred to these as “incumbents” or “legacy financial institutions”.
  • Bs are big tech companies that are active in the financial services space but not exclusively so, such as Apple, Google, and Amazon.
  • Cs are companies that provide infrastructure or technology that facilitates financial services transactions. This broad group includes companies like MasterCard, Interswitch, Paystack, Fiserv, First Data, various financial market utilities, and exchanges such as NASDAQ.
  • Ds are disruptors: fast-moving companies, often startups, focused on a particular innovative technology or process. Companies include Piggybank (savings & investments), Paga (mobile payments), Betterment (automated investing), Prosper (peer-to-peer lending), Moven (retail banking), and Lemonade (insurance).

Q: Where has the Fintech disruption been most “severe”?

A: FinTech disruptors started by offering products and services in payments and peer-to-peer lending. Because of this, these have been the most disrupted areas to date. We can think of this as “FinTech 1.0,” in which new market entrants have focused largely in the business-to-consumer (B2C) space

Q: What should legacy service providers do?

A: Incumbent banks, asset managers, and insurance companies will continually seek ways to play defense and offense at the same time. And that’s reasonable; they have to know how a disruptive FinTech development could hurt their business, even as they are looking for ways to take advantage of the technology.

The disruptors themselves take different approaches. Some target specific niche areas of the industry. Others are using new technologies, such as block-chain, in ways that will cross a lot of boundaries. For incumbent financial institutions to succeed, they’ll have to do three things well:

  • Continuously scan the environment to identify new threats and opportunities.
  • Quickly understand the effect that emerging trends and technologies could have on their business.3
  • Come up with solid strategies to react—from acquiring or working with FinTech startups to building their own innovative solutions.



Be Prepared

We’re all familiar with the Boy Scout motto of “Be Prepared”, but have you considered applying this phrase in your professional life? The most successful companies out there know the value of preparation and the rest are taking a cue from the best. No one wants to fail or is looking forwarded to fail, but many are just not prepared for success.

A New York Times Magazine cover story chronicled the rise of Toyota from one-time textile loom manufacturer to “not only the best automaker in the world, but also maybe the best corporation”. Indeed, according to that article, Toyota has just about every major company in the world asking the question: “What can we learn from Toyota?” In fact, “what you can learn from Toyota is something even Bill Gates has pondered publicly.”

What doesn’t surprise anyone familiar with Toyota’s strategic history is that the company “never makes rash moves or false promises.” One obvious example of Toyota’s approach is the Prius hybrid. The Toyota Prius is a full hybrid electric automobile developed and manufactured by the company since 1997. Jim Press, president of Toyota Motors North America, said that ‘about the same time the Prius made its debut, Ford rolled out the huge S.U.V. franchise’ even though ‘both of us had the same tea leaves, the same research. One of us bet on hybrid, one of us bet on big S.U.V.s.’ Toyota pondered, according to Press, that ‘First of all, long term, is fuel going to get cheaper or more expensive? Is oil going to become more plentiful or less plentiful? Is the air going to become cleaner or more polluted? And so, do you do something proactive and innovative, to be in tune with where society is going? Or do you hold on to where it has been, and then don’t let go, to the bitter end?’ Toyota’s overarching principle, according to Press, is ‘to enrich society through the building of cars and trucks’, and the company’s decision to pursue hybrids ten years ago was the answer to the question, ‘What’s the right thing to do to sustain the ability to sell more cars and trucks?’

The New York Times Magazine article quoted a Toyota employee who said that ‘Toyota expects to be in business 100 years from now, long after oil has been depleted or rendered unusable because of its carbon content, and for that reason it has placed all its bets on hybrid technologies.’

Is your business equally prepared? How far into the future can your strategic plans carry you and your company? Be prepared!!!

Culled From

Erica Olsen what can we learn from toyota

5 Ways to improve your income as an employee

To earn more money is a desire that transcends sex, gender, race and religious beliefs. It is a goal that very many of us desire to achieve. This post, adapted from a video by the Boss in the Bentley @Danlok,(see video here) lists five ways to increase your income. Here we go


1: Become more valuable as an employee: the biggest challenge employers face is finding good people to do tasks and handle projects that help achieve organizational goals. It is well known that most right-thinking companies are willing to pay more to the employee that offers more value & is more productive. A valuable employee will not have to beg for a pay raise, and if the present employer does not appreciate that value, a more discerning employer will.

2: Move into your company’s profit stream: there are three types of jobs in the business world: a) the technical jobs such as legal, accounting, engineering etc.; b) operational jobs such as factory workers, office admins, customer care and some workers doing technical stuff; c) revenue generating jobs which are roles that directly earn revenue for the company, the rainmakers of the company. The other two types of jobs; technical and operational jobs offer support for the revenue generating jobs like sales and marketing. To increase your income as an employee you need to find out how your organisation makes money and make that money for your organisation. Join the rainmakers that bring in the cash, be among to 20% in the 80/20 rule! Technical and operational roles are also important but the cash cows are treated as special.

3: Become an intrapreneur: this is simply having an entrepreneurial mindset while still being an employee. You can use organisation resources and information to start and run projects and initiatives; with the permission of the company of course; that increase your bottom-line and could even lead to running your own organisation. Intrapreneurs are very valuable because they think and act from the point of view of an owner and not just an employee expecting a paycheck.

4: Develop a high-income skill: please note we mean high income skill and not high income career or profession. Be among the best with a particular skillset and let your skill be evident in your organisation. High income skills include coding, writing, digital marketing, closing, photography etc.

5: use your high-income skill to start a side business. QED


Side Hustles for Extra Income

Side Hustles for Extra Income

It goes without saying that it is essential and very important for every forward thinking person to find ways to have a second, third, fourth, fifth or sixth……..means of earning an income. If you are a Millennial looking for ways to make more money outside of your regular job or you have decided to have a go at it on your own and start a business as an entrepreneur, a side hustle might be a good fit.

Here are three side hustle ideas with long-term earning potential that won’t take up too much of your time.

Earn Additional Income with Affiliate Marketing

Affiliate marketing is simply promoting another brand’s products and getting paid a commission anytime someone buys from their site via your unique affiliate link provided by the brand. There are endless affiliate programs out there, you just need to find a brand or product you are passionate about or connect with, and feel you can easily promote.

Affiliate marketing

It seems very simple on the surface, but to be truly successful at it, you need to have a strong grasp of digital marketing and various ways to promote your links. It also helps to have a decent budget to spend on paid advertising. And unfortunately, many of the more reputable affiliate networks only do business with top-notch companies. Reputable affiliate marketing programs to consider include: Commission Junction, ShareASale, Amazon Associates, and ClixGalore.


According to Shopify, one of the biggest e-commerce platforms right now, dropshipping is “a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.” The awesome part about this is you, the retailer, have no inventory risk at all. In fact, you never even see or handle the product you sell to your customers. You might be thinking, “That sounds great, but how would I even set up a business model like that?”

Believe it or not, there are tons of companies out there that would be happy to have a dropshipping relationship with you because they know how to make good products, but not how to market them, which is where you come in. It’s a win-win. You take all the marketing off your supplier’s hands and they in turn handle shipping the product directly to your customers and allow you to buy directly from them at wholesale pricing. They make a profit, you make a profit and your customer gets an awesome product.

Uber/Lyft/Taxify Driver


Though some people may struggle with the idea of being a “Taxi Driver”, Uber or Lyft or Taxify business model is definitely easier to start and be successful with. All you need is a valid driver’s license, clean driving record, a decent car with valid insurance and good people skills. The only additional investment is gas money and your time. Another reason we listed it as a good side hustle is because of the tremendous flexibility it offers. You can work literally whenever you want. All you do is turn the app on and start driving. The earning potential is also there, with many drivers able to earn $25-$30 an hour during busy times in busy areas. If you like driving and enjoy meeting new people, this could be an excellent side hustle for you.

The above are just examples and not the complete list. Finding a good side hustle is all about picking something you won’t mind spending extra hours on every week and finding a way to monetize it. Turn your passion or hobby into a hustle and put the additional cash flow to good work.

Additional information from http://www.investopedia.com

Economic Impact Of The Provisions Of The CAMA Bill


Economic Impact Of The Provisions Of The CAMA Bill

Some of the economic benefits to be realized by Nigeria if the proposed amendments are passed into law include:

Ensure more business-friendly regulation for Micro, Small and Medium Enterprises: It has been determined from a collaborative survey by the Nigerian Bureau of Statistics (NBS) and the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) that the Act is currently designed to regulate mostly larger type companies and that the provisions of the Act impose unnecessary costs on smaller type companies. According to the said survey, there are over 37 million MSMEs in Nigeria which contribute almost 50% of the Gross Domestic Product in nominal terms and account for 84.02% of all Nigerian jobs. By making the provisions of the Act friendlier to MSMEs, the amendments to the Act have the potential to increase activities of MSMEs, thereby growing the Nigerian economy in the process.

Fewer reporting obligations for small companies: Another impact of the Act is to reduce the financial reporting obligations of small companies. Such companies will be exempt from the yearly audit process. This invariably means that cost is reduced and more money can be ploughed back into the business for expansion. For the Nigerian economy, this translates to more jobs and a more stable economy.

Reduction in Time and Cost for Setting up a Company: The proposed amendments to the Act make it more attractive for small businesses operating within the informal sector, which contribute about 64% to the Gross Domestic Product (GDP) to the economy. These companies will be able to formalize their businesses by registering at the Corporate Affairs Commission. This has the potential of widening the tax base of the country thereby increasing revenue earned from taxation of corporate entities, and thereby diversifying the economy.

Promotion of Financial Stability: The introduction of model netting provisions in the Bill as a means of mitigating credit risks associated with over the counter derivatives promotes financial stability and investor confidence in the Nigerian Financial Sector. The proposed provisions also minimize risks associated with the performance of certain large financial institutions, thereby making the financial positions of Nigerian financial institutions more secure.

Increasing Investor Confidence in the Nigerian Financial Sector as well as all sectors of the economy: Investor confidence in the Nigerian financial sector and indeed, all sectors of the economy is expected to significantly improve, due to a competitive and business-friendly environment where companies are regulated in line with global best practice.

We at 5W1H Consults are super excited with the opportunities this will create and look forward to the signing of the bill into law.

The provisions of the reformed CAMA Bill


The Bill reflects several key provisions which include: 

Single Member Companies: By this Bill, provisions which make it possible for a single person to form a private company is being introduced for the first time in Nigeria. This provision is consistent with what is obtainable in several other progressive economies such as the United Kingdom, India and Singapore. 

Limited Liability Partnerships: From a careful review of the provisions of the Bill, a new form of legal entity known as Limited Liability Partnerships was formed. The essential feature of a Limited Liability Partnership is that it combines the organizational flexibility and tax status of a partnership with limited liability for its members. 

Financial Assistance: Companies will now be permitted to provide financial assistance to their shareholders under the new Bill. The current position is that a company and its subsidiaries are prohibited from giving gifts, loans, indemnities, credit or other assistance, for the purpose of aiding a person to purchase the company’s shares, where such financial assistance would result in a reduction in the net assets of the company or result in the company having no assets. The proposed Bill reflects a market friendly advancement from the current position. It also improves companies’ chances of attracting much needed investment, since there are now provisions in the Bill which enable shareholders/potential shareholders have access to funds which in turn enable them invest in such companies. 

Reduction in Share Capital: In order to ease the process of doing business, amendments have been proposed in the Bill to the process by which a company can reduce its share capital, by enabling private companies to reduce share capital of such companies if a special resolution to that effect is passed, without the added burden of applying to court for a confirmation of the reduction. 

Resolving Insolvency: The Bill introduces a company rescue and insolvency legal regime which is not focused on a company’s demise, but on rescuing companies from insolvency through inclusion of an insolvency framework. An effective insolvency regime in Nigeria have a dual aim: to save viable businesses, and to ensure that non-viable businesses can quickly exit the market, allowing deployment of assets to more productive firms. It will see to the following benefits: lower costs of credit; increased access and availability of credit; improved creditor recovery; strengthened job preservation through reorganization and business rescue; promotion of entrepreneurship; and other benefits for small businesses.

Company Secretary: The Bill is seeking to further ease the regulatory burden of companies by making provisions which limit the requirements to appoint a Company Secretary to public companies, thereby making it optional for small companies and companies with one shareholder. 

Annual General Meeting: Pursuant to the provisions of the Bill, small companies would no longer be mandatorily required to convene and hold Annual General Meetings. 

Minority Shareholder Rights: The Bill is geared towards enhancing minority shareholder rights. It proposes to regulate related-party transactions and shareholders access to judicial redress. It also protects the shareholders rights in corporate governance as a proxy for Nigeria’s overall corporate governance standards and ease of access to financing from capital markets. Shareholders to bring actions both in respect of a company and any of its subsidiary companies and other companies related to the parent company. 

Beneficial Ownership: The Bill has provisions which mandates the disclosure of beneficial interests in a company’s shares and prescribes punitive measures for failing to disclose such interests. In this regard, where a person holds interests on behalf of another in a nominal capacity in a company, both parties (the owner and the nominal holder) are required to disclose the beneficial interests to the company in question. 

Exemption from Audit: The Bill has provisions which exempt small companies from appointing auditors. Specifically, the Bill exempts a company from appointing auditors: (i) if it has not carried on business since its incorporation; or in a particular financial year; and (ii) where the company’s turnover is not more than N10m and its balance sheet total is not more than N5m.