USING MONEY TO GET MONEY
This shouldn't be something new to any of us,the world as a whole is a business arena and here we do alot of things with one another either exchanging ideas, developing new technologies or carrying out business itself.irrespective of every business that we do as an individual or group or as a country the end goal is to make money.
Money actually begets money and this is why it is important to engage in business because thats the only way by which you get money.in doing business you must have something that you can sell,you must have a product in which people can buy into,this is what people patronize that brings you money.
Let's take for instance Aliko dangote is a business manganate in Africa he has alot of business enterprise.one of his major business is the cement company's he own in most African countries.Before his cement will be ready for sale,he will have to first of all buy the raw materials that will be used,process the raw materials into finished products and package it as well.all of this involves money which he has putting into the business.now he will have to make profit from the sales of his products and for him to make profit from the goods he has manufactured and in doing that he will have to calculate the cost of producing the product and calculate how much will be his profit as well.when he now sells to people that patronize him and he gains from the sales.
The analogy of the whole thing is that he has just spent money producing those things you buy from him and he gets money from your patronage.so you can see how money is been used to get money.the same process is applicable to all business and works of life which is all about buying and paying.
Using money to get more money is just what everyone do on daily basis,the problem is that most of the time we are not aware of this particular aspect of life and business.no matter how big or small a business is it always has to involve money because that's the medium of exchange.
