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Tag Archives: Entreprenuers

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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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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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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Mistakes CEOs Make When Pitching To Investors

Tokunbo Fasoro

The last couple of weeks I sat through a bunch of pitches with a VC fund I am helping. It was amazing watching every one of the companies presenting make the same mistakes. Here they are: A. Get to the point. You’ve got seven seconds to make an impression. Seven seconds. That’s it. The CEOs I saw pitch all took several slides before they explained why their company was going to win. Worse yet, the explanations were not convincing. B. Too complex. You don’t need to explain how your product or company works down to the last detail. You do need to make it instantaneously obvious what your company does and why your company will change the world. Try this simple test. Give your presentation to wife or husband or significant other. Someone that doesn’t know your business. Ask them why your company is going to win. Better yet, just show them your first slide and then ask them why your company is going to win. You are in good shape if they get your value proposition. But, more likely then not, you’ve got work to do. Let’s say you can actually explain why you’re going to win, and you ...

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Finding Your Passion – Tokunbo Fasoro

I am someone who is particularly passionate about people following their passion and I decided to write on this topic. I’m hoping that by the time we are done with this series; young people will go out to take what I call the B-square step (Bold and Brave step). Be Inspired. Is there something you already love doing? Do you have a hobby- it could be something you loved doing as a child but never considered it as a possibility? Click here (story of how TemiSiyanbade found her passion) It’s great if you already have something you love to do. Now, just research the possibilities of making money from it. Do some research on it: Buy books about it, Google it; look for every material possible you can get your hands on. TV programmes on that particular thing can give you some clarity. I remember one day,I was watching a show regarding something on my mind and I got clarity immediately. Ask questions frompeople; gather as much information as you can. Put your Ideas on Paper, write down anything that comes into your mind.Look for all the materials you can possibly get your hands on and activities that can inspire ...

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Entrepreneur Of The Week : Kasope Ladipo-Ajai

Kasope Ladipo-Ajai is the founder of OmoAlata Food Services also known as McPeppers, a company that processes and packages soups, spices and ‘peppers’ for seasoning local dishes. Kasope, a computer science graduate from Babcock University ventured into entrepreneurship because she felt the urge to do something different and meaningful than the conventional 9-to-5 job. So, in 2012, she started OmoAlata. Although she has always loved cooking, travelling and old architecture structural designs, back in the days, she worked as a team leader in Air Nigeria where her responsibilities included information technology (IT) related service, business analysis and project management. She also worked with Taytom Group where she handled core IT project implementation before she commenced her own business. Kasope said what inspired her to start her own business is the saying that “Some businesses start from a passion or calling while others are solution providing opportunities turned business. OmoAlata was birthed from an urge to solve the cooking needs of Nigerians.” She started OmoAlata to hygienically process and package local Nigerian soups, spices and peppers. In the year 2015, Kasope won first prize at the ‘She Leads Africa Pitch Competition’.  She also won a $10,000 cash prize, a mobile device ...

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‘How Temi Siyanbade Found Her Passion’

Temi O. Siyanbade owns and runs her own private practice, The Law Office of Temi Siyanbade, a Houston-based law firm that provides legal services to help entrepreneurs and small business owners find direction, gain clarity, and increase profits. Tosin Legal Logo Temi loves what she does but must confess that her journey to this particular role has been extremely colorful to say the least. Temi was born in Providence, Rhode Island–the smallest state in the United States–to a young Nigerian couple. Her parents cherished their Nigerian roots and infused the rich culture into their home and everything they did. As a result, Temi, to this day considers herself the epitome of a “Nigerian-American.” As a child, she loved words and found that she was always interested in the precise use of words as a tool to create structure. She remembers drafting a contract regarding her chores and her weekly allowance when she was still in single digits. She was sure to get the contract signed by both of her parents giving her full access to her rightful allowance. Even though her parents eventually breached the contract, the desire to use words and law to structure relationships remained. Temi eventually went on to receive a B.A. in English from the University of Georgia and a J.D. ...

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10 Ways to Know If You Have a Great Business Idea (PART 2)

Business News Daily asked experts how you can tell if your business idea is poised for success. Here is Part 2 to 10 questions to ask yourself before pursuing your business idea click here to see Part 1   Are you passionate enough about it? Your business will likely take up all of your time, so make sure you’re passionate enough about it to make it successful. “Since starting a business requires an inordinate amount of time, energy and patience, ideally, the idea will be one that you are passionate about, as well as one that you have skills or experience [in],” said Melissa Bradley, executive-in-residence and director of entrepreneurship and innovation at the Kogod School of Business at American University. Are you open to advice? If you’re not open to changing or adapting your idea to fit what your customers will want, your business idea might not be worth pursuing. “Success happens when you are willing to listen and consider others’ advice,” said Angie Yasulitis, CEO and managing partner at YaZo Marketing and Business Development Strategies. “Most good ideas take some tweaking to get to market. Being closed-minded is a business killer.”   How will you market your business? Many entrepreneurs think about ...

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10 Ways to Know If You Have a Great Business Idea

Tokunbo Fasoro 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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