iBusiness
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
iBusiness
No Result
View All Result
Home Opinion

The Paradox to Wealth

Hlekelela Nkatha by Hlekelela Nkatha
November 19, 2021
in Opinion
0
The Paradox to Wealth
0
SHARES
893
VIEWS
Share on FacebookShare on Twitter

The key to some of the crucial things in life lies in the paradox, and wealth is no exception.

What if you were told that laziness is part of the wealth creation process?

A couple of centuries back this statement alone would be grounds for being ostracized and sent to what at the time was a lunatic asylum. Before this is misconstrued I’m not condoning laziness, but merely asking the readers to keep an open mind.

Is there really an upside to laziness? For wealth purposes we will focus on selective laziness.

Selective laziness, as used in this context, is not to be confused with normal laziness i.e. where the individual is lethargic, enervated and the inevitable outcome is dire and the very opposite of wealthy.

The ’selective` aspect indicates that the individual is only lazy when it comes to performing certain tasks e.g. physically demanding activities, but has no problem performing other tasks using their mental faculties.

Selective laziness can lead to inventions. For instance consider a hypothetical situation where someone has to clean the floor, but the person is lazy to go down on their knees to do so. Instead the individual attaches a rug to a stick and a  prototype of a mop is conceived!

It becomes apparent that selective laziness needs to be correlated with some creative intelligence for it to yield positive outcomes. Some geniuses actually turn out to be people who were merely lazy to do things the conventional way.

Those who invented the television remote surely were not lazy to think, but clearly saw how tedious it was for people to be getting up all the time to change the channel. A lot of work went into developing the idea and there were several improvements over the years, but the whole idea was rooted on laziness. It’s no wonder the first television remote was called ‘Lazy Bones`.

Selective laziness is actually an internal survival mechanism which keeps people from becoming overwhelmed. Those who maximise on it use their senses and mental faculties to identify what they are not keen on doing, and then…this is paramount…they pivot from that lazy feeling and figure out an easier way to get it done.

Businesses thrive using selective laziness e.g. CEOs identify duties and roles that are not the CEOs main strength and delegate these to other staff, enabling them to focus and channel their energy on their main strengths e.g. business strategy. Companies also identify complementary services that are not their core business and outsource those services so that they remain focused on their specialty so as to become leaders in their field and increase their market share.

Some people prefer the Do It Yourself (D.I.Y) process, claiming they are reducing financial costs. The D.I.Y. process is not a selective laziness approach as it costs time. Paying an expert to do something for you may cost you money, but you can always make more money. Time however is irreplaceable! Also an expert can easily pin-point underlying and potentially problematic issues which are not obvious to the layman.

Even those who do not intentionally set out to  take the lazy approach have it induced upon them. Induced laziness is what I call it, but most are used to the politically correct term which is convenience. Convenience in this context refers to the saving of time and effort.

‘First selective laziness, now induced laziness; eeish…so much laziness!` So what’s the difference?

Well, selective laziness is mostly applicable to the inventor, entrepreneur, or whoever creates the process / product whilst induced laziness is associated with the consumer or end-user of the invention, process or product. Selective laziness…willing to get the job done, but not the hard way. Basically asks is there an easier way? Induced laziness…I was willing to do it the conventional way, but an easier way has been presented to me so why choose the hard way?

With induced laziness the end-user did not go seeking an easier way but  the better choice was brought to their awareness. Before this option was available the consumer did not necessarily stress over the conventional way, but now that there is a better alternative they then start opting for the better option as it gives them a chance to be lazy i.e. they can use less time and effort than before.

The wealthy or those who intend to be wealthy cannot undermine induced laziness. Induced laziness has made several businesses redundant over the years. For instance how many people do you know personally who in this day still write letters and put them in envelopes, attach stamps and mail them at the post office? Compare this with the number of people you know who send e-mails on a daily basis.

The next time you observe lazy tendencies, rather than criticize or condemn, think potential opportunities instead. Figure out how to do what they (or even you) are lazy to do in a way that saves time and effort. If you can duplicate the process then even better. Of course don’t forget to monetise (or cryptonise) your solution; for the objective is wealth.

Tags: Wealth
Hlekelela Nkatha

Hlekelela Nkatha

Related Posts

Opinion

Khwezi – Redi Tlhabi

September 23, 2021
Opinion

Don’t Settle For Safe book review

September 15, 2021
Purple Hibiscus Book Review
Opinion

Purple Hibiscus Book Review

August 26, 2021
Next Post
Pepkor report strong results off the backdrop of a pandemic and looting

Pepkor report strong results off the backdrop of a pandemic and looting

Friday, 19 November 2021 iDaily Market Wrap China Probe Ways To Cut Taxes And Government Fees By Up To 500 Bln Yuan

Inflation: Central Banks Across The Globe Set Motion To The Inevitable Interest Rate Hikes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Daily Lotto Results

Daily Lotto Results: Saturday, 7 August 2021

9 months ago
The Department of Employment and Labour warns public about fake tender award letters

The Department of Employment and Labour warns public about fake tender award letters

2 years ago
Cell C WhatsApp Bundles

Cell C WhatsApp Data Bundle at R29 on the SA Network

3 years ago
The Effect Of Various New Exchanges In The South African Financial Markets

Wednesday 27 October 2021 iDaily Market Wrap | Wall Street Rallied To New Highs On The USA500 And USA30

7 months ago

Topics

#business #businessnews #Corruption #covid-19 #Covid19 #currentaffairs #DailyLotto #daily lotto results #DailyMarketWrap #Economy #equitymarkets #finance #Financialmarkets #FSCA #funding #Globalmarkets #Inflation #investments #JSE #loadshedding #lockdown #lotto #lottoresults #marketnews #personalfinance #petrolpricehike #powerball #powercuts #Sassa #Sassacares #Sassa grants #SouthAfrica #stockmarket business Coronavirus in South Africa daily lotto results daily lotto winning numbers Data Bundles Eskom Finances Life Insurance Load-Shedding lotto winning numbers SASSA News Visa
No Result
View All Result

Highlights

Daily Lotto Results: Thursday, 12 May 2022

Daily Lotto Results: Wednesday, 11 May 2022

Lotto and Lotto Plus results, Wednesday 11 May 2022

Daily Lotto Results: Tuesday, 10 May 2022

Powerball and Powerball plus results, Tuesday 10 May 2022

Daily Lotto Results: Monday, 09 May 2022

Trending

SA Daily Lotto

Daily Lotto Results: Monday, 16 May 2022

by iBusiness Staff
May 16, 2022 - Updated on May 17, 2022
0

Are you ready for tonight’s daily results for Monday, 16 May 2022. The winning numbers will be...

Daily Lotto Results: Friday, 13 May 2022

May 13, 2022

Powerball and Powerball plus results, Friday 13 May 2022

May 13, 2022

Daily Lotto Results: Thursday, 12 May 2022

May 12, 2022

Daily Lotto Results: Wednesday, 11 May 2022

May 11, 2022
ADVERTISEMENT

iBusiness




iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.





  • Disclaimer
  • Cookie Policy
  • About
  • Contact
  • Terms and Conditions
  • Privacy Policy
  • Economic Calendar

© 2021 iBusiness.co.za - Designed for Business News

No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance

© 2021 iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.