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Tag Archives: Inspiration

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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Business Partnership (Pt 2) – Opeyemi Komolafe

Business Partnership 2 In business relationships, integrity on your part and the part of your clients, vendors, financiers and employees cannot be over emphasized, however, in a business partnership it is completely non-negotiable. Apparently I am back to this topic of integrity, click here to read Part One. It can never be overstated. Imagine having a business partner who is completely unpredictable, someone you can’t trust to deliver on a job, someone you cannot assign as a signatory to an account, someone with whom you cannot take a well deserved vacation, I can go on and on but my point is clear. Having a business partner means you agree to some extent with the personality, value system and priority rating of that individual. You are better off facing the challenge of running a business on your own than having a partner who keeps you up at night, raises your blood pressure and has you keep your Account Officer on speed dial. We’ve spoken at length about integrity in one of my previous posts. As we did for ourselves, in picking a business partner, kindly ask yourself these questions based on what you know about this person. “As a person, what ...

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Challenges Entrepreneurs Face In Business

BY 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. Entrepreneurs emerge from every angle. I would like to discuss a few challenges you may face as a new entrepreneur and ways to succeed them. 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. Your interest and passion is what drives you when other things are failing. 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. Finding your clients: If you have a good product or service, people will come to ...

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Find Your Job Habitat- Aderinola Elegbede

Find Your Habitat How do you feel waking up every day to go to a job that you don’t like, a job that makes you sick, a job that you wish something should go wrong and somehow they ask you all not to resume that day, it gets so bad that it affects your entire psyche and your mood. You begin to look so dull and gloomy, you start having sleepless night because you know the next day you will have to go this ‘JOB‘ that you don’t like. Within you, your soul is crying for help because it wants fulfillment. Your days are being managed and run by an organization you have no love for. You are simply there just because you want to make ends meet and simply surviving, just getting by and spending as you are earning in a subsistence way. But there comes a time when the ends meet won’t matter anymore but your quest for a well-deserved life and fulfillment will overtake that. You will become blind and deaf to whatever the job is offering to pursue that which gives your life. But sadly most people never get to this stage, because they are afraid ...

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Walking Your Way To Career Success

BY TOKUNBO FASORO It’s finally here. “Walking Your Way To Career Success” all Glory to God. This is a journey of over 18 months. It highlights “Secrets to Career Success, Breaking the Ceiling, Successful Entrepreneurship, The Exceptional Curriculum Vitae and Winning at Interviews“. All written from personal experiences and  the experience I gained on the job as an HR Consultant and an Entrepreneur working and interacting with young people. A very interesting and practical book for every young person who desires Career Success. Entrepreneurs who wants to succeed in their personal and professional lives. Made very affordable so every young person can afford it. It’s 1,500 Naira only. Of course you can decide to pay more or buy 50 books or more to impact the youths in your environment, Church or in the Universities. Share on: WhatsApp Post Views: 23

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The Keys To An Enduring Business

By Opeyemi Komolafe In the world today, we hear about so many businesses which do not outlive their creator/founder/owner. The business is meeting needs, providing goods and services for  thousands or even millions of clients, but shortly after the owner dies or retires, the business is run aground. As an entrepreneur, no matter what grand innovative ideas you have, no matter how fantastic your business acumen is, you cannot live beyond one lifetime. To ensure that your business; your legacy endures for generations: You must set up systems and structures. You must replicate yourself. You must pour yourself into others. You must select a group of future leaders into which you will transmit your way of doing things, your ideology, your creativity, your morality, your principles, your standards and your personality. It should be so effectively done that when you are absent, things should run as well as if you are on ground or even better. This select group of people should spend time with you getting to know how you think, how you react in situations, how you get inspired with ideas and what you envision the business to be.  You should have laid down documented policies and standard ...

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Secrets To Passing A Job Interview

By Tokunbo Fasoro Interviewers tend to use the interview to try to determine who you are as a person. In other words, how you get along with other people and your desire to work. They will specifically try to identify as much as possible from how you behave. They will also pay attention to how you respond concisely, cooperate fully in answering questions and keep to the subject at hand. These are very important elements that influence the interviewer’s decisions. Below are five tips to gain an extra edge in your interview. Preparation is Key:  Ensure you learn about the employer, the job and the organization doing the recruiting on social media. Find out what is happening in the employers field, try to identify problems in that field and explain why you think you will be able to solve such problems citing some of your specific accomplishments to make your case. Relate yourself to the interviewers need:  Once you figure out the type of  person the interviewer is looking for, ensure you discuss your past achievements in relation to the employers need.  That is why it is important to ensure you look for every opportunity to intern or volunteer when ...

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What if you don’t fail – Zika Nwaise

Hello guys, trust we are already in the weekend spirit. I just thought to give us something to chew on over the weekend, I hope you find it inspiring. So many times, I hear people say, ‘What if it doesn’t work?’, ‘What if I don’t get it right?’ or ‘What if it doesn’t come out right?’. But they hardly say, ‘What if it does work?’ or ‘What if it becomes the best?’. How would we know if we do not try. I was once in a state of dilemma about either taking a risk and going into a particular business or just keeping my money in a fixed deposit account and watch it grow gradually. After so much conflicting opinions from friends and family, a dear friend told me I had two options; either go after what I wanted or remain where I was, and that of these two options, only one could guarantee a different result. And then it struck me, I had never taken the risk of starting up anything but had always admired my friends whose businesses were blooming, so I decided to take a risk. Now what I’m trying to say is, let us not allow ...

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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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Passion- Oluwadare

“Success is the ability to go from failure to failure with no loss of enthusiasm.” – ​Sir Winston Churchill While the above quote is very apt in our day to day lives, the big question is “What is Enthusiasm?” The advanced English Dictionary defines enthusiasm as “a feeling of excitement and a lively interest.” Furthermore, the word ‘enthusiasm’ has synonyms such as fire, gusto, passion and zeal among others. That is why motivational speakers commonly advise individuals to do something they are passionate about. However, as Kunle Sorinyan, a life coach, asserted, not all passions are commercially viable. For example, your passion may be watching football, but, sitting down to watch football all day long might not be an economically viable idea, unless you own the sports bar. Consequently, the right counsel for entrepreneurs or prospective ones should be, “be passionate about what you do .” Here is where lots of people have a challenge; they think passion is inborn, but I beg to disagree. I dare say, you are passionate about what you have given time and attention to. For instance, I disliked boxing while growing up, because I thought it was uninteresting watching two men jogging around the ring, and throwing occasional punches at themselves. Nevertheless, during my ...

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