Showing posts with the label Recession

Apaflo Profits Multiplication Table

Almost every week, i'm inundated with people calling me to say David what can I do to make money? Especially with Nigeria going through a recession/depression. I always start by asking the following questions: What are you currently doing? I'd like to know what you have started doing or what you plan to do. Action action action. Preferably I like people who have started doing something at least. Can what I am doing scale? Scale is simply about serving more people with little or no increase in costs. On the average almost every business can scale but there are usually limits. I'd do a subsequent post discussing scaling in detail. How much of scale do I want? I'd rather rephrase this as how much of profits do I want? The Apaflo Profits Multiplication Table (APMT) basically shows how profits multiplied by customers gives you money in the bank! Sell an item with a profit of $1 to 10 people, you make $10. Sell an item of $100 to 1,000 people you have $100,000