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Author Archives: BI Empowernent

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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Secrets To Passing A Job Interview

By Tokunbo Fasoro Interviewers tend to use the interview to try to determine who you are as a person. In other words, how you get along with other people and your desire to work. They will specifically try to identify as much as possible from how you behave. They will also pay attention to how you respond concisely, cooperate fully in answering questions and keep to the subject at hand. These are very important elements that influence the interviewer’s decisions. Below are five tips to gain an extra edge in your interview. Preparation is Key:  Ensure you learn about the employer, the job and the organization doing the recruiting on social media. Find out what is happening in the employers field, try to identify problems in that field and explain why you think you will be able to solve such problems citing some of your specific accomplishments to make your case. Relate yourself to the interviewers need:  Once you figure out the type of  person the interviewer is looking for, ensure you discuss your past achievements in relation to the employers need.  That is why it is important to ensure you look for every opportunity to intern or volunteer when ...

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What if you don’t fail – Zika Nwaise

Hello guys, trust we are already in the weekend spirit. I just thought to give us something to chew on over the weekend, I hope you find it inspiring. So many times, I hear people say, ‘What if it doesn’t work?’, ‘What if I don’t get it right?’ or ‘What if it doesn’t come out right?’. But they hardly say, ‘What if it does work?’ or ‘What if it becomes the best?’. How would we know if we do not try. I was once in a state of dilemma about either taking a risk and going into a particular business or just keeping my money in a fixed deposit account and watch it grow gradually. After so much conflicting opinions from friends and family, a dear friend told me I had two options; either go after what I wanted or remain where I was, and that of these two options, only one could guarantee a different result. And then it struck me, I had never taken the risk of starting up anything but had always admired my friends whose businesses were blooming, so I decided to take a risk. Now what I’m trying to say is, let us not allow ...

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ENTREPRENEURSHIP MASTER CLASS 2017

Do You Own or Manage a Business? Are You Tired of The Same Bottom-Line Every Year? Is Your Business Organised & Success Driven? Net-works Business Academy Presents An Opportunity To Attend: ENTREPRENEURSHIP MASTER CLASS 2017 TARGET AUDIENCE: Entrepreneurs, SME Business Owners, Managers & their Teams etc BENEFITS: – World Class Relevant + Practical Business Knowledge – Excellent Facilitators with Practical Experience In Building Local & Global Successful Businesses – Syndicated Business Networking Opportunities – Access to Business Support Desk – Membership of Academy Alumni Association (1st Year Free*) – Access to Prestigious & Exclusive Net-Works Business Club Membership* – Distinguished Faculty, Visiting Scholars & Advisory Council DATE: April 21st, 22nd, 28th,29th, May 5th & 6th (Fridays & Saturdays only), 2017 VENUE: Incubator 2, RCCG City Of David, COD Road, Off Ligali Ayorinde, V/Island, Lagos TIME: 8:00Am to 3:00pm FEE: ₦20,000 (Covers Tuition, Training Materials, Lunch, External Visitation, 1st Year Alumni Fee, *Access to Prestigious & Exclusive Net-Works Business Club Membership etc) Payment Details: (A) Online bit.ly/Pay4EMC2017 (B) Bank Account Name – RCCG COD NETWORK Account Num – 1014034201 Bank – ZENITH Registration: www.net-works.biz/event/entrepreneurship-master-class/ For More Enquiries Call 07065291124, 08022228145, or Email admin@net-works.biz FACEBOOK: www.facebook.com/NetworksBusinessClub/ TWITTER: www.twitter.com/NetWorksBC YOUTUBE: http://bit.ly/emc2017 Share on: ...

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3 Women That inspired me to venture into Entrepreneurship

By Tokunbo Fasoro Venturing into Entrepreneurship wasn’t an easy decision for me especially when I had spent time and resources gathering as much education and knowledge as I could in my area of expertise, knowing that I could earn a very good living working with those certificates. As much as I was afraid of the unknown, I knew I wanted more. I wanted to build a platform where I could do more; I didn’t want to be constrained by an employment contract. I had dreams I wanted to explore, amazing ideas I kept expanding in my head but even with all these, I was afraid. I said to myself many times that I needed to see God physically telling me “this is the way you should go” but you know, God uses people to speak to us. I will be sharing today about 3 women who inspired me to venture and lessons I learnt from them. Ayodeji Megbope: She is the C.E.O of No left over’s Nigeria Ltd- A full scale catering outfit which started with a takeoff capital of just One Thousand Naira (N1, 000.00), but today has an annual turnover that runs into millions of naira. The business ...

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Passion- Oluwadare

“Success is the ability to go from failure to failure with no loss of enthusiasm.” – ​Sir Winston Churchill While the above quote is very apt in our day to day lives, the big question is “What is Enthusiasm?” The advanced English Dictionary defines enthusiasm as “a feeling of excitement and a lively interest.” Furthermore, the word ‘enthusiasm’ has synonyms such as fire, gusto, passion and zeal among others. That is why motivational speakers commonly advise individuals to do something they are passionate about. However, as Kunle Sorinyan, a life coach, asserted, not all passions are commercially viable. For example, your passion may be watching football, but, sitting down to watch football all day long might not be an economically viable idea, unless you own the sports bar. Consequently, the right counsel for entrepreneurs or prospective ones should be, “be passionate about what you do .” Here is where lots of people have a challenge; they think passion is inborn, but I beg to disagree. I dare say, you are passionate about what you have given time and attention to. For instance, I disliked boxing while growing up, because I thought it was uninteresting watching two men jogging around the ring, and throwing occasional punches at themselves. Nevertheless, during my ...

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Understanding The Mind Of An Entrepreneur

By Opeyemi Komolafe Listening to the news and people around me, what I hear is how jobs are being lost and businesses are being shut down because of the ‘recession’, I wonder why everyone is so frantic! About 10 years ago, there was a conversation that my mother had with me. My takeaway from that talk resounds in my mind almost everyday. Amongst the many things she said, I always remember her say ” Opeyemi” (she only calls my full name when she is dead serious or I am in deep trouble……..) “If your certificates were taken away from you, have you really thought about what you can do to generate income”? I was quite surprised at her question because I had graduated with a good result and companies had already started headhunting the group of us right from school. She went on to say “Multiple streams of income will always be an asset to you”. In the world of today, that phrase, ‘multiple streams of income’ has become a household slogan. Everyone is now under pressure to generate income from all sources by all means available. It is great if you have a salaried job, fantastic if you have ...

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How Much Money Do I Need To Start A Business?

I’ve seen the same mistake repeated over and over again by CEOs and business owners. The mistake blows me away each time I see it. What is that mistake? The CEO doesn’t have a plan for the business. And, if you’re going to succeed in business, you’ve gotta have a plan. The crazy thing is the plan doesn’t need to be complex. But there has to be a plan. And the primary goal of the plan is to: Determine how much money you need to start your business. You’re going to need to gather up everything to do with your company. Let’s break this into two parts: Revenue: Your revenue by month Your expected revenue by month Your current cost of goods (if you are selling a physical product) Your future cost of goods Your Expenses: Your salaries for each employee, including yourself The expected salaries you’re going to pay future employees Your rent Your insurance Subscriptions Office supplies Advertising expenses Travel expenses And anything where you are spending money to run your business You’ll be ahead of most people if you just do this simple exercise. Then, put everything into a spreadsheet so you can determine how much money ...

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Finding Your Purpose – Tokunbo Fasoro

My last two articles have been on following your passion and I was fortunate to be at the FREE Conference organized by ‎Jimi Tewe which was centered on being free and finding your purpose. I decided to share 7 exceptional quotes for BIE readers to ponder on and I encourage you to begin this journey.  1. ” Figure out what your life is all about early” Jimi Tewe 2. “Your Career must enable you to fulfill your purpose” Jimi Tewe 3. ” Look at what you have, rather than what you don’t have” Fela Durotoye 4. “You cannot be useful until you begin to use what you have” Jimi Tewe 5 “Success only lies at the end of an attempt”‎ Jimi Tewe  6. “When you know where you are going to, you get there faster‎” Fela-Durotoye  7. ” When you are in purpose, all things work together for your good” Fela Durotoye Don’t worry if you missed the conference, this amazing book covers all you need to know about finding your purpose. Get your own copy of Jimi Tewe latest book. #The Purpose book. Call Eniola on 08055194404.   ” The world is waiting for you”. I hope you were inspired? ...

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How Can I Turn My Passion Into A Career

Tokunbo Fasoro

BY TOKUNBO FASORO Growing up, I always got into trouble for talking too much. It was easy for me to explain everything in such detail. I was quick to start up a conversation with many visitors that come into our house and as I grew up, I enjoyed talking even more. When I’m with friends, my voice is the loudest and the most excited, most times I would stand up and gesticulate while talking just to drive my point home, it’s almost always like a presentation. The most amazing part of this aspect of my life is that people usually listen to me! One day, I realized I had just found my passion: Talking. Then the problem came. How do I turn my passion into a job or a means of generating income? Which I did and today I get invitations to speak and I have also learned to write out some of my thoughts in exchange for remuneration and making an impact along the way. Sometimes, you fall head over heels in love with an activity, but remember, it’s more valuable when you are able to create impact and then make money from it. It is important to ask ...

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