Information Age: Knowledge is King

In our information age, having the right knowledge at the right time can make the difference between failure and success. Knowledge, gained through experience makes one an expert in any field.

We have pre conceptions about every issue, based on our knowledge of the subject matter. We believe some things are risky, because we do not know the internal workings of it, and cannot comfortably predict outcomes.

The best way to be equipped to start anything, be it business, travel, venture etc is to gain all the knowledge you can. In a knowledge economy, you cannot make headway or make money if you are not knowledgeable.

The easiest way to gather knowledge is through reading. Read widely about the subject matter of interest. You may have come across a lot of folks that became experts in their field without going through any formal education or formal route. They were bold enough to read up, and step out. A lot of things that seem like rocket science, if you delve deeper, you get to see that there is no big deal about it.

A lot of business ventures fail due to lack of preparation. Folks take a starry eyed walk into areas they have no previous experience or have not paid the price to do their homework well. There is nothing new under the sun. Someone has walked that road before.

What you are trying to do may be unique, but the principles are timeless. Someone has been there before you. Chances are, someone has written about it or told a story in a book, website or forum. Search for it, and get all the information you can. These can save you a lot of energy, time and resources expended in the learning curve.

The more prepared you are before embarking on any venture, the greater your chances of succeeding. From reading and studying, especially other's experiences, you get to know the obstacles to look out for, and how to overcome them. As you journey on, and these obstacles do show up, you will not be taken by surprise, and you will already have a way worked out to overcome it.

This gives you confidence to proceed further. There will be few surprises. Since you are already prepared, you will not give up easily. By seeing the obstacles upfront, you have the opportunity of deciding before hand whether to proceed on the quest or not, based on the odds ahead. You will be better equipped as you proceed, and prepared to handle setbacks that are sure to come up.

As you gain more knowledge on a subject matter, the more you become "expert" and better able to understand the inner workings. You will be better able to manage the risks involved, and better equipped to cut your losses and maximize your gains. You gain more emotional stability, and are less likely to panic under adverse scenarios, since you have a good view of the bigger picture and a firm grasp of historical antecedents.

Do you want to excel in anything you do? Study under the masters, and go for it.

Usiere Uko is the webmaster of the Financial Freedom Inspiration website and editor of the monthly Financial Freedom Inspiration Newsletter, a free ezine to inspire you to exit the rat race and fulfill your God given dreams. To subscribe or visit the site, please visit http://www.financial-freedom-inspiration.com