In the world of business, there are two kinds of people - the ones who merely exist in the game, and the ones who completely understand how the it works.
On the 10th of October, 2025, U.S President Donald Trump threatened to increase the tariff on imported goods from China. This was because China had tightened export control on rare earths, meaning the U.S could not import them as freely as they used to before. Rare earths are metals that are used in lots of tech, and the Chinese just happen to be one of the largest suppliers - we all know the Americans are big on tech so you can imagine how they took the news.
The back and forth between these nations had been going on for some time but it was in October that President Trump finally had enough. He announced that there was now going to be a 100% tariff increase on all imports from China. So basically, whatever fees the Chinese were paying to bring their stuff into America, they were now going to pay DOUBLE.
If that sounds dramatic and a bit too drastic to you, trust me, we all felt the same way. Especially a certain group of people.
For Forex and Crypto traders, it was a very dark day. Lots of markets crashed during that period (If you know a dedicated forex or crypto trader, please check on them. E get why) and Twitter was bleeding with laments of money lost and investments wasted, but in the midst of all this, one man was rejoicing.
Aliko Muhammad Dangote, who has remained the richest man in Africa for several years, wasn’t losing money like the rest of us - oh no. He made an additional 497 million dollars that same week. That’s right. DOLLARS.
How did that happen? I can’t tell you for sure. If I knew the secrets to his success, I would have replicated it long ago, but one thing is certain - Dangote isn’t a man that puts all his eggs in one basket. Quite the opposite.
He has multiple businesses and multiple sources of income.
Don’t get me wrong, no one says that he never loses money, in fact, one of his businesses recently cost him a sum that would make any other person bankrupt for life, but the loss was cushioned by the gains coming from a different direction.
Absolutely amazing.
As a young entrepreneur reading this, people might have told you to focus on one thing at a time and they’d be right…in a way. You shouldn’t start up different businesses and never fully establish any of them, but you also shouldn’t limit yourself to only one source of income.
After all, Jesus expected the servant with five talents to use all five. You might even discover more things you're good at along the way.
In the end, it all boils down to what you’re ready to take on, so make the decision today and profit even though others are losing (respectfully, of course).