For a person to become successful and financially stable in life, he/she must focus on some vital elements that would significantly contribute to that success. Some of these aspects include hard work, self-sacrifice, creativity and innovation as well as patience. Many of the world richest people became successful in life because of incorporating these aspects in their daily lives. For instance, a person like Bill Gates became one of the richest people in the globe as a result of creativity and innovation, hard work, self-sacrifice and patience. According to all people who have emerged as most successful in society, the benefits of these elements are not realized immediately, but one has to be patient in order to realize them.
Since I was a child, I have always admired a person who happened to become a managing director of one of the most successful commercial banks in the country. This man came from extremely poor family background and was raised by his mother. Although he was very bright, his mother was not even able to provide his school fees.
He emerged as the best student in his final primary school examination. Unfortunately, his mother could not afford to take him to high school despite his outstanding performance due to their financial instability. Therefore, he was left with no other option other than to stay at home and help his mother in her daily endeavors. He always believed that one day he would go back to school regardless of age, so as to achieve his future goals of becoming among the most successful people in the country.
Although he was very young to get a job, he went to the nearby high school and explained his situation to the head teacher of that school. The head teacher gave him the work of cleaning and organizing his office. Surprisingly, when the head teacher was giving him his monthly salary, he told the head teacher to keep the money for him until he had saved enough money to join the school. The head teacher started admiring him for his hard work and passion for education.
At the beginning of the first term/semester, the following year, the head teacher promised to pay his school fees for that term, and he used the money he had saved to buy uniforms and other basic commodities. At the end of the first term, he emerged as the best student. This helped the head teacher convince the board of directors to offer him sponsorship. He was awarded sponsorship, and throughout his high school education, he always was the best student and he passed his final exams remarkably well.
Because of his excellent performance, he was given the sponsorship by the government to gain Bachelors Degree in Economics in the best national university. He maintained his excellent performance in University and managed to get First Class Honors. After graduating, he was employed as financial analysts in a microfinance institution.
Through his job, he came up with the idea of setting up his own micro finance institution, something that was not easy because it required large capital base. Through his creativity, he found this idea as an opportunity especially in small towns to target farmers, since they had no access to financial institutions. After working for ten years, he managed to save a substantial amount and applied a bank loan to add his capital. Later he quitted his job and thereafter leased a building in a small town where he established his small firm. In the first financial year, the firm performed poorly and incurred losses. This was because many farmers in those areas were not used to operate with financial institutions. Through self-sacrifice, he could use his own money or even borrow from banks to pay his workers, but he did not lose hope because he believed that patience would pay.
After being patient for a longtime and through hard work, self-sacrifice and creativity, his firm started making profits, and he started offering highly attractive salaries to his workers, hence increasing job satisfaction. Many customers shifted from their commercial banks and started operating with his micro finance firm because he offered realistic interest rate. This made him open more branches even in towns to serve the increased number of customers. In towns, the firm attracted many customers, especially small income earners. He reinvested the profits earned in enhancing the operations of his business.
He was able to attract many investors, and as a result, the firm built a very strong capital base and reached a threshold of becoming a commercial bank. Through his own creativity, as well as creativity and innovation of his workers, his firm designed more advanced and unique mechanisms that enhanced its operations. This enabled him to gain a competitive edge in the market. Currently, his firm is among the best commercial banks nationally where he holds about 50% of the firm's shares, and he is also the managing director.
In conclusion, the primary reason as to why I admire him is because he has changed the lives of many individuals in the society and the country at large. I also admire him because of the struggles, hard work, risks and sacrifices he has made to accomplish such huge milestones in life. He has served as an inspiration to many people in the society, especially to youth. He always advise young people that there is no shortcut in life, but one has to make sacrifices, be patient, and work hard in order to become successful in the contemporary society.