How to Increase Your Company’s Revenue or Gross Income – Part 18

Welcome to LeadEtics® Consults Actionable Business Advice Series.

How to Increase Your Company’s Revenue or Gross Income – Part 18

Welcome to LeadEtics® Consults Actionable Business Advice Series.

In our last post, we discussed the first of the mastermind formula – the knowledge angle. The mastermind or mastery formula is the tool to attain mastery of anything.

Let me swiftly introduce here the truth of this formula. The three parts of the formula form a triangle.

In the triangular formula, we have a situation where any of the three aspects is affected, the other two aspects are similarly affected.

In the mastery or mastermind triangle,

1. where knowledge is increased or decreased, so will be responsibility and control;
2. where responsibility is increased or decreased, so will be knowledge and control;
3. and where control is increased or decreased, so will knowledge and responsibility.

In this post, we dive into the second part of the formula – Responsibility.

Responsibility in normal usage has two meanings.

The first is the duty or obligation one owes to someone, people, a group, or something. The CEO has a responsibility for the success of the company, as an example.

The second meaning is responsibility as blame. When people say you are responsible for something accusatively, as in “you are responsible for the failure of the marketing campaign” for example.

However, neither of the two meanings above meets the sensibility of the responsibility of the mastery formula. Responsibility, in this case, means “being Cause”. Cause is someone who causes,, does, brings about, or creates something or a situation. Being Cause or Responsible does not necessarily mean good or bad. If what you created or caused is good or bad, the fact is that you created something.

Being Cause is the more superior state of operation than being an effect or a victim. In general parlance, we hear some statements such as “giver never lacks” or something of the sort. People are trying to give credence to the fact that the person who is responsible – as Cause – is in a superior state of mind and operation than the person who is affected by what was caused.

People make governments worldwide more powerful and despotic by incessantly heaping the responsibility or cause of the situations in the nations of the world and the world itself on governments. Oh, Buhari is to blame. Obasanjo is bad. Jonathan is this or that. Tinubu has done this not that. And, internationally, yeah, It is the Russian Putin who is the cause of something or the other. No, it is the US President Biden who the one responsible. It is Chinese President Xi who is the one causing everything.

And what do we know? We have governments becoming more powerful; “defense and security” spending increasing astronomically while the wealth, wellness, and security of the majority of the people decline.

That is the nature of the Responsibility factor. When you take responsibility for yourself, life, family, groups, country, race, planet, universe, spirituality, et al. aspects of life, you become bigger, happier, and more focused. You feel less intimidated and harassed by other entities operating around you, be they governments or criminal groups.

Taking responsibility for all aspects of your business, from its vision to its products or services, its personnel, customers or clients, the surrounding environment, the micro-business and macro-economic environment, etc., is a sound second step to unmitigated success.

Remember, the first step is for you to have the correct applied knowledge.

A fully responsible business person never sees or agrees with the blame game of ‘economy is slow’, ‘taxes are high’, ‘bad government is elected’, etc. A fully responsible business person takes responsibility for all aspects of their life and success, including external factors.

Conclusion

In conclusion today, let us seek, acquire, and utilize the correct knowledge of managing and administering our businesses; and take full responsibility for all aspects of the business.

It is through these that we can attain the unqualified success we desire.

Let us continue to strive to thrive!

Babatunde Odutola
LeadEtics® Consults