Monday, June 25, 2012

What You Can Learn From Singapore

What You Can Learn From Singapore

According to the latest issue of Time (June 25, 2012), Singapore has the world’s highest percentage of millionaire households, with 17% of all households owning at least one million US dollars in net assets.   
Singapore is a tiny country in Southeast Asia at the southern tip of Malaysia. You can hardly spot it in a world map. It has no natural resources and there is no way for you to till land and do cultivation. However, it is a successful country and you can learn a few things from this country which is efficient and effective.

·         Brain power: In order to survive, without natural resources and limited land, Singapore has, since independence in 1965, capitalized on services of many kinds and achieved what it is to-day. According to Wikipedia, Singapore is a world leader in several economic areas: The country is the world's fourth leading financial centre, the world's second-biggest casino gambling market, one of the world's top three oil refining centres, the world's largest oil-rig producer, and a major ship-repairer. The port is one of the five busiest ports in the world. The World Bank has named Singapore as the easiest place in the world to do business and ranks Singapore the world's top logistics hub. It is also the world's fourth largest foreign-exchange trading centre after London, New York and Tokyo.

You may think you are unknown, when you can think of a big and unique idea you can create an impact in the world.

·         Get educated: Education is of paramount importance in Singapore because knowledge is power. Acquiring marketable skills and know-how is the way to compete with other bigger and resource-rich countries in the world.  According to Wikipedia the country's two main public universities – the National University of Singapore and Nanyang Technological University – are among the top 100 universities in the world.

The way for you to move ahead and stay competitive is to learn and acquire skills and technical knowledge and take a cue from other successful people.
·         Be disciplined: Singapore is an organized and orderly country and it has zero tolerance for corruption. Success is about  planning and organization and doing the  right things consistently

You have to set challenging goals, plan and organize your daily activities to be productive. When you work you plan consistently without procrastination you will meet success.
·         Determination and patience: It has taken Singapore close to 50 years since independence to attain its present glory.

It is important to think and work long term because getting overnight success is few and far in between. You will not appreciate things you can get easily.  All good things require personal effort expanding over a long period.  

·         Take advantage of your strengths: Singapore, taking advantage of its strategic location, is a major international transport hub in Asia, positioned on many sea and air trade routes, providing much needed services globally.  

Focus on your strengths and develop into something useful for others. You will get what you want when you can give to others what they want.

Education is important, but creating a workable and original idea will make a big difference in your life.   

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