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ENTREPRENEURSHIP

BIE Entrepreneur of the week: Poroku Oluwaseyi

Poroku Oluwaseyi is the CEO and Founder of SketchStage, a web design business he runs in Lagos. He had his primary and secondary school in Lagos. He attended Bowen University in Osun state and obtained a BSc in business administration. After which he went for different interviews, but got no job. Wrote a lot of job examinations but got nowhere with that, he was so eager to get a job that he became so depressed, but he always had a flair for web design, so he decided to go into web design training which lasted for 6months. After which he ventured into the IT world and acquired a diploma in web design. Little did he know it wasn’t that easy, after months of searching for a client, no fruit yielded so went back to the drawing board, learnt more on his own, discovered his selling point, worked for three IT training schools where he got his first job of 25000 naira. He was really excited because he could have done the job for free because of the passion he had for it. This gave birth to the idea of starting his business which he named SketchStage. During the course of ...

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12 Challenges New Entrepreneurs Face And Ways To Conquer Them Pt1 – Tokunbo Fasoro

The economy is not smiling in a lot of countries in the world right now, especially countries that were totally dependent on oil as income. A country like Nigeria has been one of the greatest ones hit since the fall in oil prices and this has led to a lot of pay cuts, job losses and a hard time for employers to even pay salaries. This situation has forced a lot of people to seriously begin considering entrepreneurship like never before. I would like to discuss a few challenges you may face as a new entrepreneur and ways to conquer them. 1. Doing anything that generates income, not specifically something you believe in and are passionate about: If you do something you believe in, you can get other people to believe in it. 2. Picking the right business: Make sure your business is providing a solution; it must be the answer to a problem, a response to a need. Ensure you deliver what you have promised. 3. Finding your clients: If you have a good product or service, people will come to you. This way you may not need to spend money on adverts, referrals from past clients will almost ...

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The Lagos Startup DealDay is here again. Apply now

As part of its plan to create a network of business angels that provide funding and mentoring to early-stage ventures, The Lagos Angel Network (LAN) committed to raising ₦100 million for Lagos-based startups in 2016. Through a quarterly event known as the Lagos StartUp DealDay, where startups pitch to receive the fund, LAN set the ball rolling. Investors seeking access to the startup pool on the DealDay commit no less than ₦5 million on the day. The first DealDay was held in March, where LAN claimed to raise the sum of ₦50 million that was invested both in Big Cabal Media and Café Neo. The 2nd edition of the DealDay was held on the 30th of June with 3 startups receiving an undisclosed amount. Rounding up the series of DealDays in its annual calendar for 2016, LAN is announcing applications for its last quarterly pitch. This quarter’s Lagos StartUp DealDay pitch event will take place on Wednesday, November 16th, bringing together angel investors and other members of the Lagos start-up ecosystem. Shortlisted startups will be privately notified before the end of October. Successful entrepreneurs will be invited to make formal pitches on the 16th of November to a closed group of angels for funding. Eligible ...

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3 Resolute Personalities that inspire me – Oladimeji Oluwaga

Hello guys, it’s another beautiful Tuesday today and we have decided to share with you three Resolute Personalities that have inspired one of our BIE reader, Oladimeji Oluwaga. Read and be inspired… Faith Abiodun After coming across his Public Speaking School in University of Ibadan-The Speech Academy- where I started to nurture my skills in public speaking, I sort out to find the person whose force was strong enough to put together my super tutors in persons of Goodness Kolawole, Adebayo Damilola and Banke and also The F.A.I.T.H Initiative that is filled with brilliant minds inside and outside the walls of the premier University. The answers were not far-fetched as he as a topic and reference still graced the discussions of agent of revolutions like himself, though he had graduated few years earlier from the institution with a degree in Geography after being found worthy in character and learning. Crowned champion of the most competitive public speaking competition in his alma mater University of Ibadan-Super Bowl where he inspired me with his wits and logic, most especially his build up and delivery when giving a speech. He is a very practical and hands on person, though I have had no ...

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It is okay to be different! – Stanley Awelewa

Being different is totally okay, in fact it is not just okay, it is essential and what makes you who you are. Sometimes people are intimidated by the fact that you are different, but the people who really matter will love you for your unique personality. Some years back during my undergraduate days in the university, I woke up one night trying to decipher what makes some people innovators, trend setters and every other person. I discovered that the innovators are all different and they see the world differently and basically obsessed with a passion of taking the world from as it is to how it should be. The innovators and trend setters are always way ahead of their peers and contemporaries, they think differently, think ahead and there by creating a trend for others to follow. At first they are usually criticized by shallow and ignorant minds who try to tear them down with negative comments and remarks and try to be stumbling blocks in the wheel of progress. They are mostly Naysayers who never see anything good in a progressive and creative idea and they always come up with a thousand and one reasons why an idea will ...

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3 personalities that have inspired me in 2016 – Kolawole Wright

Hey guys, it’s another wonderful week today and we are happy to have one of our BIE Readers share his article on the personalities that have inspired him, I hope you all get inspired because I sure am. Chimamanda Ngozi Adichie Adichie is a popular Nigerian Writer who was born in the city of Enugu, grew up in the university town of Nsukka in southeastern Nigeria, where the University of Nigeria is situated. While she was growing up, her father was a professor of statistics at the university, and her mother was the university’s first female registrar. Adichie studied medicine and pharmacy at the University of Nigeria for a year and a half. During this period, she edited The Compass, a magazine run by the university’s Catholic medical students and at the age of 19, she left for the United States to study communications and political science at Drexel University in Philadelphia Adichie once lived in Chinua Achebe’s house, the Igbo author of Nigerian masterwork Things Fall Apart, and her desire to write was sparked by his work. Today, the Nigerian novelist, nonfiction writer and short story writer has been called “the most prominent” of a “procession of critically acclaimed ...

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BIE Entrepreneur of the week: Tunde Owolabi

We are proud to introduce Tunde Owolabi as our first Entrepreneur of the week, enjoy. Tunde Owolabi was born in Lagos, Nigeria.He is an artist, photographer and a designer. He studied painting under the tutelage of Professor Abayomi Barber, a renowned Nigerian artist at the University of Lagos, and later obtained a degree in Graphic Design from Yaba College of Technology. After his degree, Tunde became a freelance artist, a journey that led him to develop a keen interest in photography. He went on to study photography and photo retouching at the University of the Arts, London. Tunde worked as a designer at the research studios, London under Neville Brody, English graphic designer, typographer and art director, working on accounts such as nickelodeon, Somerset House, Sofitel etc. On returning to Nigeria in 2009, he worked with Insight Communications, a most sought after advertising agency in Nigeria as an art director, working on brands such as Pepsi, Heineken, Mainstreet Bank, to mention a few. He started Tunde Owolabi Studios in 2011, offering design and photographic services. Tunde left advertising in 2012, to start StudioMO, with a partner, while still running Tunde Owolabi Studios. He has since become a full time studio artist ...

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Rainoil: Starting Your Business From The Scratch

I read this story on Gabriel Ogbechie, who happens to be one of my mentors, I was really inspired. It felt like he was talking about my exact start-up experience. Please be inspired! Good afternoon everyone. My name is Gabriel Ogbechie, I am the Managing Director of Rainoil Limited. Rainoil Limited is a company playing in the downstream sector of Nigeria’s oil and gas industry. We’ve been in existence for about 19 years. The title of our lecture today is RUNNING A SUCCESSFUL BUSINESS IN NIGERIA: My Experience. So, essentially, we will be talking about running a business in this country from my own point of view. I am essentially going to share my own experience; it’s an experience that has worked, but I don’t want to delude myself by saying that is the only way through which it works. But let us learn from my own experience and see what we can get out of it. I attended the University of Benin. I left the university in 1987. I took a degree in Engineering, I did my Youth Service in Kano, 1987-88. I worked briefly in Kano, then came to Lagos and joined the company called Pricewater House. I ...

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“Be Like Sasha” – Tokunbo Fasoro

I was speaking to undergraduates at the University of Lagos last week on planning for a successful career in future . I emphasized that it was important to do some internships while on holiday. Our environment and upbringing in Nigeria has given us a general mindset that working to earn, or working to learn does not start until after graduation from the university. I have discovered from experience that most people who stand out in their early career lives have interned or done holiday jobs while still in school. Amazingly on the news I heard that President Obama daughter; Sasha took a job as a waitress in a restaurant. Amazing isn’t it? The question is “How many of us can actually do this?” A Nigerian or an African child from a middle-class family can hardly be caught doing holiday jobs today. The truth is that we have a lot of universities churning out graduates every day, the national population is growing, and universities are increasing in number all at a rate that is not commensurate to the jobs available out there – the question here is “How can I stand out?” Why wait till you graduate before you gain some ...

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5 Successful Male Entrepreneurs in Nigeria that inspire me – Zika Nwaise

Last week, we had a session for the ladies in the house and this beautiful week, we have come up with something for the guys. I hope you all enjoy and learn from this. Ohimai Atafo The Fashion designer known as Mai Atafo, is one of the forces to reckon with in the Nigerian fashion industry today. The celebrity designer started his career life in different corporate organizations including Guinness Nigeria where he started his bespoke clothing label; Mai Atafo Inspired that gained media acclamation by a pioneering clientele of mostly celebrities, He was also a Fashion Editor for Genevieve Magazine, for a brief period. Mai Atafo has inspired me a lot in the sense that he knew what he wanted to be and he did not let anything get in the way of that. He worked in the fashion industry for a while and also trained himself in a fashion school before he started up. Seun Osewa The Nigerian internet entrepreneur is the founder of the most visited indigenous website in Nigeria. Nairaland was launched in March 2005. The cyber guru started various business projects that failed before the one that became Nairaland. He also had blogs and a ...

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