The DIP Formula
Quote of the day
‘The DIP Formula is
one aspect of Successful Entrepreneurship. DIP stands for Deduct, Instruct and
Produce. To be successful as an entrepreneur you need to deduct a need in the
global market. You then need to be instructed to fulfil that need and finally
to produce the goods in a professional way to satisfy that need.’
A very warm and
pleasant welcome to you on this fabulous Friday afternoon here in good old
London Town. A lot of people voted in yesterday’s
referendum, some are uncertain of their future whilst others remain optimistic.
I say onto you as long as the air remains the same and you believe consistently
in yourself then there is nothing to worry about. What you need to focus on is
Deduction, Instructions and finally Production. Deduction is an analysis of the
needs of the population as a whole and if you can fulfil that need then you are
in business. Some people remain in business but do not fully understand the
need of the community, they produce what they think is satisfactory. To be
successful in life and in business you need to identify the real need of the
population at large. Whatever that need is you need to provide professionalism
in all instances and at any time of the day. To deliver professionalism you
need to be instructed in the said field. In business there are only three
categories of employment. These categories are Manufacturing, Sales and
Servicing. What category do you feel comfortable to fit in. This is the entry
level for you. If it is manufacturing, then open the door to manufacturing. Now
as a fully pledge insular country your skills will always be in demand but are
you willing to make it last. To become proficient, you need to be trained in a
specific way. You need to be Instructed on the process of manufacturing. These
Instructions should have stood the test of time. They must come from a reliable
source to make you comprehensive rather than apprehensive. An instruction must
be able to take your ideas to the next level. That level is the level of Production.
Anyone can produce but to produce something with a noted degree of
professionalism you need that ‘edge’ or push. The DIP Formula is a useful
equation to become successful in life. Its full application follows in later
article. Dear Friends, may I take this opportunity to wish you a fabulous
weekend filled with the joys and wonders of life.
