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Tag Archives: female ceos

Business Partnership (Pt 3) – Opeyemi Komolafe

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 partnerships 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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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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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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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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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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Make That Dream A Reality… Tokunbo Fasoro

Make That Dream A Reality One very cold morning, in the middle of harmattan when visibility was very poor, I decided to take a walk round my estate.It has been scary walking around for some time since a resident saw a large snake on the road and another saw two of them on his balcony.  However, that morning against all odds I got into my trainers and began to walk; then I got to a road. I could only see the beginning of the road because of the poor visibility and I was afraid to turn into it because it had only a few houses with the other houses still under construction. “Of course, that is a potential snake hide out…” I thought. I also thought of a very big snake somewhere in the middle of the road and I stood there for a while trying to make a decision as to what to do next. Then I decided to take courage and take the first step… then the next one, then I took a third, and I began to see more clearly, the road looked wider and I could move more easily and more confidently with each new step ...

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BIE Entrepreneur of the week: Raufu Ayomide Ayishat.

I  am Raufu Ayomide Ayishat, a 24 years old young lady and I am a shoe maker. My sojourn began 6 years ago as a single speck of thought during one of those school vacations where you’re idle. My cousin sat me down and made me see the necessity of picking up a vocation thereby attending a skill acquisition program. My first consideration was make-up, seeing as it was all the rave at the time. However, pointing out the need to stand out, she suggested I go for something else and I ended up picking shoe making.     After 4 weeks of basic and advanced classes, it occurred to me that this is something I could actually do. So I started making slippers and sandals; I would make free shoes for people, usually my friends just to see how it fits. The major challenge I had was getting funds to buy materials and tools; all I had at the time was stipends, yet I would eke out some to successfully make a few pairs of slippers and sandals.   Sometimes, I would walk from Oshodi to Mushin just so I could have enough money to buy the needed materials. ...

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