Economics of Success

From Bello Sobur

The future seems dazzling growing up from childhood. I could recall my best days during childhood wasn’t my birthdays, but the fateful day, I used to be called upon the podium to receive the reward of my steadfastness with academics.

I have aced all core subjects, and the pronouncement of my name to receive prizes once will not suffice until Parents were taken aback, found astonished and couldn’t help than either give a standing ovation or complain bitterly, usually with the sentence: “Is He the only one.” You, Yeah, You, my esteemed reader will subscribe to this fact even with better tales to commemorate. 

We wanted to be just exactly like great and amazing personalities who reaped their kin interest and incomparable affection for books. It was then more like, go to the four walls of the school, be amongst the forerunners and then there you are, in abundant wealth. This legitimate basis is the main reason I will not castigate authors of articles and short write ups I read on social media, discerningly condemning academic pursuits.

Dear Students, whether undergraduate, Postgraduate or Professional, please do have a paradigm shift, ignore the conception youths of nowadays have developed and which has since pushed them into immoral and illicit acts, all of which we may exhaust the whole day trying to list. I just found an antidote to our misconception, “Economics of Success’.

The concept of Economics of Success not only works for Academic achievement and success but also can be adopted in all success-demanding endeavors.

The biggest problem that gave rise to the concept of Economics of Success is Scarcity. Scarcity as in the standard economics perception is the limited resources that satisfy various wants of man. Resources to compensate academic success is so scarce and why students feel so disdained, frustrated and mischievous when at the completion of school programs, they are unemployed for a very extended period or that they get ridiculous pay-slips that do not commensurate the efforts they had given to academics.

Here is the solution, please proffer answers to the questions; What is Success to me? How can I achieve Success?? For whom is Success necessary??

The Question of what is success tackles the Problem of Identifying and determining success. This is the bedrock upon which the all wanted Success can be pursued. It is often believed that once you can recognize your limitations or problems, they are half-solved already. What success means to me then depends on my perception of life, on my core competencies, on my strategic capabilities amongst others. 

Take this as an exercise, Please, close your eyes for few minutes and have an insight of how you want your success to be. Should I disclose what I got?? I could see myself sitting on the very high table (looks like the boardroom, also sounds like a professional conference and seminar) where the master of ceremony almost got fed-up with the level of accolades and warmth applause that I got while the MC was reading my profile. My dear is this what you got too?? Yours could be on the pitch you know?? Yours can even be with the future’s Olamide (Badoo). Congratulations, you have just crossed the first hurdle, relax and go to the next paragraph.

How do I achieve success answers the problem of What Strategy do I adopt to achieve Success? Esteemed readers, it is about finding the means to achieve the ends. For someone like me, that desire to be a boardroom expert, business solution provider, a well-celebrated accountant and a rich cum generous and practicing Muslim, all I need to do is to design standards to achieve this end (Scale of Preferences) from inception. 

There is need to start advocating this to new Tertiary institution entrants; School isn’t about making good grades alone. Of course making good grades might be a sufficient basis to attaining your set dreams in your case as in mine. You need to fathom out schemes on how to attain Success from Childhood and make moves towards aggressively accomplishing them (Choice). A thorough grasp into the lifestyle of today’s successful men would justify the need to start planning at an early stage. Someone who wants employment, should learn how to ace a job interview, prepare for job tests, develop essential job skills and all necessary “I”s and “T”s that needs due diligence. It all boils down to one's perception of success. As Stephen Covey said, Begin with the end in mind.

The Last question addresses the problem of ‘Why one needs to succeed?’ (Efficiency of Resources) You need yourself most importantly. Your family needs you, so does your country, your friends need you to realize; the less privilege needs you. Your religion does too. The World entirely holds you in the high esteem and needs you to succeed outstandingly. If this drives you, while you have satisfied the other two, your success is imminently knocking because this serves as motivation to spur you to Success as Management Scientists would say, Motivation is the inner-drive that makes employees want to do more.

I will end this article with the saying of Vince Lombardi, he asserts; the will to win, the desire to succeed, the urge to reach your full potential, these are the keys that will unlock the door to personal excellence. Don’t be indifferent, be passionate about your dreams, commit yourself to your potential and you and I will meet at the zenith of our careers.

Bello Sobur Olamilekan.

BSc. Accounting

Graduate member of the Institute of Chartered Accountant.

Graduate member of the Institute of Chartered Management Accountant.

Graduate member of the Nigeria Institute of Management (Chartered).

Audit trainee, Tutor Trainee (at one of the ICAN tuition houses), 

Keen Interest in Accounting, Taxation, Finance, Consultancy and Management.

Lover of Football and Video Games(Play Station precisely).