Posts

Featured Post

SAD REALITY OF ENTREPRENEURSHIP

Image
Our society craves instant gratification -- we want things now and we want them fast. We are able to rent movies on demand, use our smartphones to have a personal driver waiting outside within minutes and Chipotle’s Twitter feed goes nuclear if someone has to wait in line for more than a couple minutes to get their burrito. Entrepreneurship is much cooler than it was years ago, with entrepreneurs seen as modern-day rock stars. The thought of being an entrepreneur is extremely appealing, which has led to an onslaught of products and courses with names similar to: How to Earn Six-Figures in Six WeeksBuild a Six-Figure Online Empire on Your Laptop Working at the BeachMake Money 24/7 While Your Sleep With This Automated SystemBecome Your Own Boss and Make Millions by TomorrowThe truth is, entrepreneurship is hard -- it’s hard as s**t. There are no shortcuts or magic formulas to make piles of cash appear in your bank account overnight. You have to work ridiculously hard and any…

Modification to Entrepreneurship

Image
Getty Images We often talk a good game in the world about how entrepreneurship is a global phenomenon.  In the last week of October, we lived it. Headlined by Bill gates, the Microsoft giant drew some of the biggest names in technology together with more than 1,200 entrepreneurs from 170 countries, government leaders and Silicon Valley executives to Stanford University to put a spotlight on expanding entrepreneurship around the globe. From the start, the call was for championing entrepreneurship to help reduce global tensions and demonstrate a different path for youth living in troubled regions. We don't often enough connect the bottom line to efforts to make a safer world.  I applaud Gates call to action for this next generation of entrepreneurs, and those in the current generation, to support them. Gates proposed that the young entrepreneurs focus on three "generational challenges":  creating education tools to excite youth who may be at risk of radicalization, build…

Essential Ingredient for African Entrepreneurs

Image
Being a young entrepreneur is difficult, no matter where you are from. But in Africa, the challenges are often far more emphasised. Resources, financing, mentorship and supporting services are even scarcer. Yet despite this, the continent’s youth unemployment is higher than elsewhere, and for many young Africans, entrepreneurship is less of a choice, and more of a requisite for survival. Last year the Anzisha Prize, Africa’s premier award for entrepreneurs between the ages of 15-22, identified a handful of young entrepreneurs who are making it in Africa. Here are some of their tips for success.  1. The most important step is the first one Cameroonian Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur behind GiftedMom, an e-content platform for pregnant women. He says having an idea is easy, but turning it into reality is a whole different story. The wall of challenges an entrepreneur faces can quickly de-motivate someone from following through on their vision. …

5 Amazing advice to help you in Business and in Life

Image
Over the years, I have heard people give amazing advice to upcoming and inspiring entrepreneurs to help them in their journey, among them are these 5 keys advice that i think will not just help people in business but also in the ordinary works of life. Below are 5 amazing advice am sure will help us all. if you enjoy this article after reading please ensure to share it with your loved ones. Thank you in advance. 1. Time is the most valuable thing you haveMy father, was my first and best mentor. He taught me to analyze my day on a dollar-a-minute basis. Every day, I examine the week ahead. I evaluate where to dedicate my time before moving things around. I ask, “How long will this take? What’s my upside? What’s the opportunity cost?” I turn down free equity in people’s businesses every day because they want too much of my time: a weekly one-hour call, a monthly face-to-face meeting, a quarterly retreat. But it’s a startup. If it makes $1 million in three years, I’ll get 5 percent, which…

Youth in Africa should turn to Entrepreneurship for Answers

Image
Considering the depressed state of the formal job market in Africa, it’s a good thing that more and more youth in Sub-Saharan Africa are looking to entrepreneurship to secure their future. Young people on the continent are more upbeat about their ability to become entrepreneurs than their peers in any other region, according to a recent global study. As many as 60% of 18 to 34-year-olds on the continent who took part in a joint study by the Global Entrepreneurship Monitor (GEM) and Youth Business International (YBI) were optimistic about the availability of good business opportunities, and believed they had the skills and knowledge to start a business. This compares to just over 17% of young people in the European Union, almost 17% in Asia Pacific and South Asia, and around 30% in North America. The only other region that came close to Sub-Saharan Africa’s optimism was Latin America and the Caribbean, where 40% of the youth believed they had the opportunities, skills and knowledge to st…

Vision, Strategy and Innovation. Key Ingredient to Entrepreneurship.

Image
During my first experience as an entrepreneur in Nigeria, we were part of a small company with only a few employees. One day, we were all overbooked with an important engagement. One of our major challenges was related to a very specific technical issue, and we couldn’t find someone to help us to fix it. Resources were scarce. Since we required the experts for only few days, even when we succeeded to find a resource, the expert wasn’t interested by such a small contract. Then, one weekend after, a friend of mine proposed to try a new place where you can have lunch, while sharing your table with strangers. At our table, some people were discussing a new innovative app that could help to better manage business cards. I was immediately attracted by their conversation and jumped on, and after some minutes, I found myself talking about my current issue with my engagement. Suddenly, the lady sitting on the other side of the table told me: “My cousin is in this area- I can ask him if he can h…

Entrepreneurship alone cant SKY Rocket you to Riches.

Image
You can't just be savvy about your business strategy. Keep these steps in mind to make your money work for you. Entrepreneurs become entrepreneurs for a number of reasons. Being your own boss ranks high on the list. The sense of accomplishment that comes with creating a company and making it a success is another motivation for some. The primary driver for many is the prospect of becoming extremely wealthy. While some entrepreneurs like the idea of being rich simply for the sake of being rich or for the hedonistic pleasures money makes possible, that’s not the case for most business owners. Generally, the desire to become really wealthy is accompanied by loftier goals, including taking care of loved ones and supporting non-profits. Many entrepreneurs are a personality type known as the family steward. They care deeply about the important people in their lives and want to be able to help them financially. And they also have a strong drive to give back by supporting charitable causes. Th…