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Tag Archives: financial management

Working Your Way into Career Success – Tokunbo Fasoro

A lot of us make mistakes in our career choices because we do not plan. We assume that our grades can get us to our target careers. I was speaking with a group of students in a University in Lagos about how we have so many second class upper and first class candidates these days. In my own days, a whole department might just produce one second class upper and no first class student at all! Lol! On a serious note, this simply means that there is a lot of competition out there. The question is“What makes you stand out from the crowd?” This question led to my developing the acronym DPA, i would like to share with BIE readers today. Follow these steps and you will have a great chance at career success. Discover Prepare Act Discover:  Know yourself –“Who am I? What are my likes? What am I passionate about? Where do I see myself happy in the next 10 years?” A lot of people are miserable and stuck in the wrong careers just because they failed to take time to discover, who they really are. Prepare: Match those abilities, passion and who you are with a particular ...

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Dare to be different – Tokunbo Fasoro

In order to thrive in today’s market place, its not enough to just do the same things as other companies are doing, we need to think differently to outperform competition. These days there is so much benchmarking, but benchmarking can only bring you up to best practices, it may not move you above your competition. Most people or organizations focus on matching or beating competition and their strategies tend to take similar dimensions. This cannot make you stand out. Thinking differently is a very important skill in your business and it can position you as No1 amongst your competitors, but a poor differentiation strategy might fail making you irrelevant. You need to think outside the box and do something different from what others are doing. For a different strategy in your business, consider what separates you the most from your competitors. The things you do which make your business different might be the way your services are provided, priced or delivered, depending on the business. ‘The following text is used by ‘Think different’ caption of Apple computers” as stated by the book 5 Thinkings to win; authored by Praven Rajpal. “Here is to the crazy ones The misfits. The troublemakers. ...

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Are You Making Excuses?

You’re probably used to the words – “I don’t know how”, “It probably wouldn’t have worked anyways”, “I’m too busy” and so many others. You just can’t help coming up with ways to explain your inaction when something to be done crops up. Excuse-makers are usually seen as weak, lazy or cowardly. Although it’s an unfair generalization because we all make excuses once in a while. I’m sure most of us can remember times when we procrastinated and wasted days before starting a project and some of us can remember times we started immediately, and finished ahead of schedule. Procrastination can be dealt with in two simple ways: Organising your priorities and Breaking down discomfort Organising Your Priorities What’s more important to you right now? Expanding your finances? Succeeding academically? Improving the quality of your relationships? Excuse making is the result of conflicting priorities. When you don’t have a system for making decisions, the tendency is to just go with whatever feels best in the moment. You can clear this up by defining what your priorities are. The purpose is to aid when one event conflicts with another. If you have to decide between working on a school project and ...

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PITCH ONE IDEA TO MR.PRESIDENT

On June 23, 100 Nigerian innovators will get the opportunity to pitch their transformative business ideas to a panel of Judges (possibly including the President). It’s called The Pitch, it will hold at the Landmark Events Centre in Victoria Island, Lagos and it’s one half of a programme called Aso Villa Demo Day. The second half has been christened The Unveiling, and as the name implies, it’s the unveiling of the 50 startups/entrepreneurs who will make it through the Judges’ filter during The Pitch and it’s holding on July 28 at the State House Conference Centre. From the copy on the website, the focus is on startups with solutions in areas like Government social investments, Ease of doing business, Agriculture, Housing, Healthcare, Transportation, but it’s not necessarily limited to those. “President Muhammadu Buhari will host the brightest startups from across the country as they pitch to a wide range of investors and decision-makers in the public and private sector.” The Pitch will run from 9am till 7pm on June 23, and The Unveiling, between 9am and 7pm on July 28. No one is required to pay any fees for pitching or attending, and the only criteria is that you are a Nigerian citizen between the ages, 18 – ...

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If you can think it, you can do it – Tokunbo Fasoro

Tokunbo Fasoro

IF YOU CAN THINK IT The first time I heard this slogan (If You Can Think It, You Can Do It)  was on a talk show “Moments with Mo” and I just fell in love with it. That phrase my mind set at that particular time. Growing up, I realized I had an inferiority complex. I felt everyone was better than me. It was so bad I remember a particular time that I thought Igbos were superior to the Yorubas and would always wish and tell people that I was an Igbo girl forgetting or even to young to understand that my name was a Yoruba name. I was always bullied in school, many times, my classmates would push my bed outside to the corridor and I would not mind just because I did not think I was good enough to be their friend and I wanted acceptance from them. I thought my self as a failure and unworthy of success. My mind was always pre occupied with negative thoughts until one day, my mom called me and told me she had been watching me and realized I did not believe in myself, what she told me that day changed ...

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