Tag Archives: Entreprenuers

If Only All Successful Founders Will Be Like Michael Seibel

Gerald Okonkwo

I woke last week wednesday feeling more loved than ever; with the numerous amount of messages and emails I received, at this point it struck me; it was the “Valentine’s Day Celebration. As curious as I’m always to see Nigerian’s reactions during festivities, I logged on to my twitter account (@geraldokonkwo_ looking forward to meeting you on twitter 😆) to see what’s going on with ‘Twitter Nigeria’ and I stumbled upon this mind blowing tweet (look below) from Michael Seibel (founder of Ycombinator); Here’s a tweet from Michael’s Seibel founder; of YCombinator What struck me more was the part where he said “helping each other is a core value in the tech Startup world”. For some reason I was really excited that our ‘egbons’ (meaning elders in Yoruba language) in the Tech Industry are really excited about helping younger startup founders succeed, but my excitement was shortly met with a sad realization & reminder that Michael Siebel is in the United States and could be referring to helping startups there (don’t correct me it’s just an assumption). My mind Immediately went to our very own “successful” (cause over here we count raising funds as success) founders in Nigeria; I remember personally reaching ...

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Awesome being back! so as promised in my previous post folks, I’ll be sharing how I started; an AWESOME ADVENTURE (FYI if you haven’t read my previous blog post, quit reading this right now and read the previous one first). Trust me just as Obama suggests, you want to hear (read) this ☺ HOW I STARTED I arrived back in Lagos on the 2nd of July 2015, after having lived in Delta State for  9 years (dad was transferred  in 2012 and we had to relocate, bla bla bla); thankfully an older friend who runs one of the best building services / engineering consulting firms here in Lagos had agreed to let me intern (+ youth service) at his company, my intention then was to gain some more knowledge to help me run Wefix more efficiently. After working for close to a year and being repeatedly frustrated by workmen and artisans who wouldn’t be on our designated sites “on time” or diligently handle tasks given to them, plus it was extremely difficult to find a replacement right on the spot, Voila! I had identified a problem which’s solution eventually became, So I decided to face this head on; I quit my ...

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Women We Love: Tokunbo Fasoro

Tokunbo Fasoro

Today’s Woman magazine interiews Tokunbo Fasoro Tokunbo Fasoro is a HR Consultant, Entrepreneur, Speaker, Career Coach, Co-Host of the 7Star Workers Radio Show on City Fm Lagos and Author of the book Walking Your Way Into Career Success.   In this interview she tells us how she is changing the lives of Nigerian graduates! What is BI solutions? TF: BI Solutions (BIS) is a business solutions company committed to human capital development. We provide cutting-edge solutions to small, medium and large organizations in HR advisory services, training, and development, recruitment and selection, organizational development, performance management, career progression, succession planning, manpower planning, setting up of systems/structures and HR support services. tw: Why did you start the BI Empowerment platform? TF: In May 2014, I started my company (BI Solutions), and I made a surprising discovery while recruiting for organizations: after interviewing over 20 candidates, only a select few would impress me. This was a problem, and it was a heavy burden on my heart. I realized that during interviews, I sometimes spent about 45 minutes trying to counsel and help them be better fits for firms. This was indeed a burden to me and I thought to myself, “How can ...

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OPPORTUNITY MEETS PREPARATION I was in the states and I was chatting with a young man who had just lost a big opportunity. Immediately after high school, he got a job. He was lucky to have gotten that job, because for a high school graduate, it was a very good one. For nine years, he worked diligently, and had gotten himself a decent house, car and a comfortable life. He looked forward to the day he would be promoted to finally head the department where he worked. Unfortunately, a new policy was sent out stating that only college graduates were eligible to apply for that position. He did not have a degree, and as a result, he lost out. He learned a very big lesson that day, that “opportunity waits for no one.” After this incidence, he enrolled for a four-year college degree and was ready to work hard and earn the qualifications that would take him to the next level. If he had done this earlier, he would have been saved time, and gained a promotion. Preparation is key. In life, you need to be ready always, because you never know when or in what manner an opportunity could ...

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Tips from Warren Buffet-2nd richest in America

The second wealthiest person in the United States The second wealthiest person in the United States Saw this online and thought to share… I hope you learn something from this. There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life: 1. He bought his first share at age 11 and he now regrets that he started too late! 2. He bought a small farm at age 14 with savings from delivering newspapers 3. He still lives in the same small 3-bedroom house in mid-town Omaha, which he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. 4. He drives his own car everywhere and does not have a driver or security people around him. 5. He never travels by private jet, although he owns the world’s largest private jet company. 6. His company, Berkshire Hathaway, owns 63 companies. He has given his CEO’s only two rules. Rule number 1: do not lose any of your shareholder’s money. Rule number ...

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The 7 Figure Entrepreneur – Jokotade

When I got laid off my “dream job” several years ago, I was devastated and disappointed. I felt so little of myself and thought I would never rise above my loss. Everything changed as I began to pray and search – What more can I do? It was time for a change – a change in how I earned income. If you are looking to accelerate your dreams and goals or change your career but struggle with limited funds, knowledge, connections or resources, I know exactly how you feel. After losing my dream job and being broke for too long, I had to find a way to rise above my struggles. Becoming an entrepreneur and learning how to start and grow profitable businesses helped me multiply my income. I believe this can be your story too – with a little help from The Jokotade 7-Figure School. I founded The 7-Figure School to help many people who have reached out to me for help from all over the world. People like me who have lost their corporate jobs and are frustrated at waking up to a job they dread; Who want to spend more time with their family and loved ones while earning ...

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Who To Negotiation With A Potential Investor

There are too many people that think raising money is like an episode of Shark Tank. You say, “I’m raising $XM at a valuation of $YM” just like they do on Shark Tank. Not only does providing a valuation makes you look like an amateur, providing a valuation can reduce the value of your company. Let me explain… In any negotiation, you should always let the other side provide a price first. Yes, you have to be emotionally strong because of the effect of anchoring, but… It’s always possible that you will get an offer at a price much higher than you expected. And you blow that opportunity the second you put a price out there first. So, absolutely be clear about how much money you’re raising. That’s the right way to go. But stay away from providing a valuation. The market (potential investors) will determine what your company is worth. Then you can always say, “No thank you” if you don’t like what you hear. I’m not saying you shouldn’t have a plan when you negotiate. You absolutely should have a plan. And you should have an idea of what you believe your company is worth. But understand the ...

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Business Partnership Part 3 As much as having a partner gives you leverage, having a problematic partner can cost you business, clients, your reputation and even your entire company.  So what do you do when you find out you have made a partnership error?  Dissolve the partnership as soon as possible. Knowing that a business partner is a fellow member of a business by contract, to dissolve the partnership, you will have to go back to the contract, get your lawyers and settle amicably (hopefully out of court).  It is important to note that all relationships have their ups and downs, that said, we must be able to separate differences in personal and corporate affairs. Irreconcilable differences in some personal affairs might not necessarily impact the business, so to dissolve a viable partnership over preferred educational systems for your children is just plain folly, no matter how heated the argument. The denomination of your church does not impact on your business. A necessity to take an annual leave to vacation every year doesn’t necessarily impact your business.  As long as those differences don’t affect the business or reputation of the business, the partnership can work.  The minute your differences begin to ...

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10 Ways to Know If You Have a Great Business Idea

Good Ideas Ready to take on the world of entrepreneurship? In order to find startup success, you need a great business idea. But a winning business idea is more than just something you’re excited about or good at — you have to make sure your idea is actually viable. Business News Daily asked experts how you can tell if your business idea is poised for success. Here are 10 questions to ask yourself before pursuing your business idea Does it solve a problem? Entrepreneur and co-founder of the Web design school The Starter League Mike McGee thinks the best business ideas are those that solve a problem in some way. “If there is a problem that affects you, your friends, family, co-workers, etc., then the chances are high that it affects people you don’t know as well,” McGee said. It’s paying customers who validate an idea and determine which ones have the greatest chance for success, said Wil Schroter, co-founder and CEO of Fundable. “An idea is just an idea until you have a paying customer attached to it,” Schroter said. “Anyone can discredit a simple idea, but no one can discredit paying customers.” What’s your price point? Charlie Harary, founder and partner ...

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14 Success Tips for Young Entrepreneurs

A must read for aspiring Entrepreneurs!!! While growing up, I realized that I wanted to be an entrepreneur. I did research on successful entrepreneurs who were in my line of business and I began to learn from them. I watched them closely; attended meetings where I could hear them speak. For those who had authored books, I tried as much as possible to read and learn from them. No one can know it all, we all learn from other people, especially people who have gone ahead of us. Here are a few tips I learnt from my mentors that have been of great help in my entrepreneurship journey. Tips Push yourself – Keep learning. Try things you have never tried before. Ensure that your business is your passion – Do work that you totally believe in and would do for free. Get over your fears and just do it– You can never really know the outcome until you try it. Be positive – Always believe that if you can think it, you can do it. Click here to read more on if you can think it you can do it Have a vision – Ensure your vision is clear, written ...

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