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Author Archives: BI Empowernent

Money or Passion? Which would make you happy?

The major problem with most people is that they put making money before fulfilling their dreams or their passion. I have a lot of friends who have gotten into banking just because of the money, fast forward to 10 years down the line, they want to get out to pursue their passion. Unfortunately, 10 years have been wasted on being average.  Working for free is definitely a lot of sacrifice, but nothing good comes easy. We make sacrifices to succeed sometimes. I remember the first employee I took into my company was earning five times what I was offering her in her previous employment. Honestly, I must tell, you I didn’t want to take her because I felt she would be dissatisfied. But she made the decision to move because she wanted to build a career in Human Resources (HR). I asked her “How will you cope? Honestly, this is a start up and I definitely cannot do much”. You wouldn’t believe what she said to me! She said “I should be paying you ma for teaching me” At that point, I saw the determination and the willingness to learn in her, and  I took her in just with a little increase to ...

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Walking Your Way To Career Success

BY TOKUNBO FASORO It’s finally here. “Walking Your Way To Career Success” all Glory to God. This is a journey of over 18 months. It highlights “Secrets to Career Success, Breaking the Ceiling, Successful Entrepreneurship, The Exceptional Curriculum Vitae and Winning at Interviews“. All written from personal experiences and  the experience I gained on the job as an HR Consultant and an Entrepreneur working and interacting with young people. A very interesting and practical book for every young person who desires Career Success. Entrepreneurs who wants to succeed in their personal and professional lives. Made very affordable so every young person can afford it. It’s 1,500 Naira only. Of course you can decide to pay more or buy 50 books or more to impact the youths in your environment, Church or in the Universities. Share on: WhatsApp Post Views: 5

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INTEGRITY: A NECESSARY GOOD IN BUSINESS

Integrity…………. a core value that is listed on every organization’s wall, physical or virtual, yet is one of the scarcest commodities in business relationships today. Let’s look at the meaning of integrity. The Oxford Learners’ Dictionary defines integrity as “The quality of being honest and having strong moral principles”. The Cambridge Dictionary adds a clause at the end of that …………..”that you refuse to change”. As an entrepreneur, your reputation is a large part of your business, and your clients, your vendors, your staff should be able to bank your words. You should run your business in such a way that if you ask for a loan extension it will be approved, if you ask a vendor to deliver and be paid later they oblige, if you promise a client a delivery within a certain timeline they won’t need a backup plan,………..you get my drift! Unfortunately, integrity as an entrepreneur is not suddenly endowed from heaven immediately you start a business, it starts from having integrity as an individual first. Your business is an extension of your person; your values; your ethics. If as an individual you are not known for reliability, honesty, dependability, quality, excellence, morality, etc it won’t ...

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How To Successfully Pitch Your Business

magine this scenario. You’re in a meeting with a major potential customer. And this one customer can make or break your business. You have to win this deal or your business is going to fail. Or imagine this scenario. You’re raising money. The potential investor seems really excited about you and your company. And this meeting will likely determine your fate. Or imagine this scenario. You’re recruiting a really talented potential new employee. The potential new employee has asked you to present your plan.   Are you ready? Because you only have seven quick seconds to win or lose the deal, get the funding, or hire the really talented employee. That’s it, seven quick seconds. You may have even less time if your pitching to investors. People make buying decisions very quickly. Then they spend the rest of their time with you justifying their decisions   So what can you do to grab your audience’s attention in less than seven seconds? I introduced my brother to a friend who could be a potential client last week. My friend called me yesterday and said he was going to work with my brother. Here’s what my friend said about his meeting with ...

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Future Leaders Connect

Dear Friend of British Council, Hope this correspondence finds you well. The British Council recently launched Future Leaders Connect: our brand new global network for emerging policy leaders. We think this might be relevant to the young people you work with, and would very much appreciate your support with sharing the opportunity. Future Leaders Connect is an opportunity for young people who want to seize their leadership potential, and become the next generation of policy leaders. We aim to connect exceptional young people (aged 18-35) from around the world who seek to change the world through policy making. Together they will develop their policy making expertise, make valuable connections and gain the skills to have real impact. Participants will be selected from Egypt, India, Indonesia, Kenya, Mexico, Morocco, Nigeria, Pakistan, Tunisia and the UK. During nine days of policy and leadership development training in the UK between the 18th and 27th October 2017, they will engage with inspiring global leaders and take part in an immersive conference in the UK Houses of Parliament on the 24th October 2017. Participants and Parliamentarians will have the opportunity to discuss the most significant global issues facing the next generation. We hope that a ...

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Entreprenuers And Money- Opeyemi Komolafe

Its amazing the number of businesses which start each day. I don’t have statistics, but using the numbers from my circle of influence alone, they’re a lot.  A key question is “Why don’t some of them live beyond a month, six months or beyond its first cycle of product sale/delivery?” A lot of reasons could be the cause for this but a popular one is ‘LACK OF CAPITAL’. Excuse me, please what happened to the capital you started with, and the profit you made from your first cycle? Then you begin to hear answers like; “I had bills to pay”, “I paid myself a salary”, “I kept a few items for myself”, “I had to take care of some pressing needs”, etc It is fine to spend your profit on the above, but to spend your capital is completely unacceptable. A popular cliche in certain circles is “Don’t eat your seed because it is your future”. Your capital investment is necessary for continuity of your business, while your profit is important for expansion of your business. Eating up both of them leads to the death of your business. There is someone very close to me who is a sales guru. ...

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How I Got An Office Space Through Networking

There is a saying that “Even a lone ranger has a horse”. No man can live in isolation. When I ventured into entrepreneurship, I was working from home at the time. There was a need to get an office space and I had been praying desperately for one. At that time, I had started an Entrepreneurship Management class at the Pan Atlantic University and you can trust that I ensured I spoke to everyone in class. I would leave my group and go to other groups just to meet people. It was something I really loved doing. One day, in the middle of my program, I had a brilliant Idea, which today has grown into BI empowerment, but I didn’t know how to go about it then. I decided to have a chat with the Director of the program. As I began to describe my idea to him, he bluntly told me I could not pull the idea through without an office space, and in a polite way told me that our discussion would continue when I get this space. Extremely depressed and demotivated, I began to walk down the staircase confused in a confused haze. Immediately I got downstairs, ...

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How to answer Questions in an interview

The big questions asked during an interview A couple of years ago, my idea of a job interview was being in front of a hard, unsmiling panel and having extremely difficult questions thrown at me, like rocks. However, when I got invited for my first interview, I realized this is not always the case. A job interview does not have to be tense. In fact, you may find yourself with a very friendly panel, who will go all out to make you feel as comfortable as possible. However, irrespective of the size and manner of the panel you are faced with, what is required of you is confidence and of course, the appropriate answers to every question you are asked. This part is what’s tricky. Therefore, in this post, we’d be looking at the simple ways to answer 5 tricky questions you are likely to get in your job interview. 1. Tell Me About Yourself. This question seems very straightforward. However, it is tricky because though it sounds like an invitation to tell your life story, it is not. When asked the ‘tell me about yourself’ question, what the hiring panel is actually asking you is to tell them about ...

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Working With Your Friend As A Co Founder

I read this articles online and  I could completely relate to it,  I had once found myself in the same situation sometime ago and also didn’t handle it well. Reading this article made me realize the mistakes I made. Be inspired when learning from this. Should I Work With My Best Friend As Co founder? By Brett Fox I had a very close friend who was a co-founder of my company.  Here’s what happened: “You have an EQ of zero!” Ken yelled at me. “What the hell is an EQ?” I asked. “Perfect!” Ken screamed back. Then he hung up the phone. Those were the last words Ken ever said to me. Just like that a twenty-year friendship and business relationship ended forever. Ken was a co-founder of my company. More importantly I considered him a close friend. I had lunch with Ken the day before to have our weekly 1:1. I pushed him pretty hard at lunch because he wasn’t performing well. I looked down at Ken’s feet and he wasn’t wearing socks. It triggered a memory of when we were raising money. We were in a diligence meeting with a VC and I vividly remembered the VC looking ...

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The Keys To An Enduring Business

By Opeyemi Komolafe In the world today, we hear about so many businesses which do not outlive their creator/founder/owner. The business is meeting needs, providing goods and services for  thousands or even millions of clients, but shortly after the owner dies or retires, the business is run aground. As an entrepreneur, no matter what grand innovative ideas you have, no matter how fantastic your business acumen is, you cannot live beyond one lifetime. To ensure that your business; your legacy endures for generations: You must set up systems and structures. You must replicate yourself. You must pour yourself into others. You must select a group of future leaders into which you will transmit your way of doing things, your ideology, your creativity, your morality, your principles, your standards and your personality. It should be so effectively done that when you are absent, things should run as well as if you are on ground or even better. This select group of people should spend time with you getting to know how you think, how you react in situations, how you get inspired with ideas and what you envision the business to be.  You should have laid down documented policies and standard ...

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