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Tag Archives: Youth Empowerment

LEARN AND KEEP LEARNING – OPEYEMI KOMOLAFE

Keep Learning Raising my children has taught me that you should be careful what you mention to a child because you will be quoted verbatim even if you have reconsidered your stance on that subject. One day, my daughter was ranting on how she hates school and doesn’t understand why she needs to always read while I got to do whatever I liked. I remember saying ” My dear daughter, I have finished studying all the books I want to study in my lifetime, anything after those are optional. You, on the other hand have a long way to go, and I’m not even seeking your opinion. You must have a good education”. My six (6) year old wailed louder and walked away.  Back to present day: The dynamism and competition in the workplace and business sphere today has driven me back to those books. I envision my daughter laughing at me the moment she realizes that I have no option as well. There are nights that father, mother and children in my home have their noses in one piece of literature or the other. To remain relevant in the world today, continuous learning is not optional, it is mandatory. ...

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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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Ways To Stay Motivated When Searching For A Job

The job search can be frustrating and draining, but here’s how to keep your spirits up and boost your chances of getting hired. The ability to get — and stay — motivated during a job hunt is one of the most critical skills for anyone looking for work. This is especially true today, when it takes considerably more time and energy to find employment than it did a decade ago. TIPS: Be realistic about the job-search time frame. Brace yourself for the inevitable speed bumps of a job search. For example, don’t expect to land an interview within a week or two of starting your hunt. Believe in yourself. Like a successful salesperson, you must believe that what you’re selling has value. When looking for a job, you’re essentially selling yourself and your experience. Take a project-management approach. Break down the search process into a series of goals, spread out over time. For example, give yourself one week to draft a resume & cover letter. Other suggested milestones: Within one month: Network face to face with 15 to 20 people who could help you find work. Within three months: Secure three job interviews…etc Evaluate your progress. Take time out once ...

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Are You Recommendable? – Tokunbo Fasoro

Are you Recommendable? I went to an organization to deliver a training on Personal Effectiveness. While I was speaking, a man stood up and complained bitterly about how the Nigerian economy is so bad, with a high rate of unemployment, and how four (4) of his children who are graduates are at home with no jobs. I decided to have a chat with him after the training where I asked him to send one of them to me. After speaking with her, I discovered she had very poor communication skills and I asked myself, “Can I actually recommend her to any of our clients?” The honest truth is that communication is one of the most vital qualities we look out for during interviews. Every job seeker needs to do an appraisal on how good your communication skills are. I have put down a few tips on how to improve your communication skills. Read good books: Books that would help in building your vocabulary like novels, inspirational books or even your primary school English textbooks can help improve your communication. Association: Interact with people who have excellent command of English that will in turn rob off on how you communicate. Watching ...

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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 (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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Top Five Tips for A Killer Presentation

How do some people give killer presentations while others simply flop? In the majority of cases, it’s preparation. Most people will be at least slightly, if not very, nervous, before a presentation or talk; the trick is to channel the nerves into something positive, rather than seeing it as a fail before you even begin. Here are Alison’s top five tips for giving a killer presentation! Top five tips for giving a killer presentation 1. Get Clarity Sitting down and thinking about what it is you want to get across is the very first thing you need to do. What is the presentation about? What are the main points you need to get across? 2. Create Your Story Think of your presentation as a story – you have a story to tell and you want to tell it in the most effective way possible. So you need to have a beginning, a middle and an end, just like any other story. Make sure that it’s clear, concise, sticks to the point, and doesn’t try to fit in too many points. Think of crafting a story – you want it to flow, to be entertaining, to engage – all the things ...

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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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Challenges New Entrepreneurs Face Pt2

Hi BIE readers , you can refer to the part 1 of this post. Here… not to miss out on the points, for those just reading this, this is a brief introduction to the post. ‎ 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. Here are the final 6 challenges you may face as a new entrepreneur and ways to conquer them. 7. Dealing with the stress of not having a steady income: To me, that was one of the greatest challenges I faced. Many times I would say to myself, “Wow! I should have received a credit alert today, if I was still under paid employment”! At those difficult times, it is your passion for rendering the service that keeps you going. 8. Managing your money: ...

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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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