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7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) - Business (2) - Nairaland

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16 Reasons You Should Be An Entrepreneur And Own A Business / 3 Advantages Of Starting Small As An Entrepreneur / 5 Benefits Of Being An Entrepreneur (2) (3) (4)

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Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 7:53pm On Jan 10
sexybaby22:
Nice thread.

At a point I got soo depressed, I wanted to even go check my blood pressure cuz of the challenges of running a start-up.

Now by Gods grace things are getting better.


I feel fulfilled. I wish you the best fulfillment in your entrepreneurship endeavour!
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by sexybaby22(f): 7:54pm On Jan 10
godwinstringed1:



I feel fulfilled. I wish you the best fulfillment in your entrepreneurship endeavour!

Thank you kiss

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 7:54pm On Jan 10
emperorblog21:
waw great ome bro.

thanks for,the insight



Nice meeting outside here again bro! @official https://emperorblog.com.ng
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 7:56pm On Jan 10
sexybaby22:
Nice thread.

At a point I got soo depressed, I wanted to even go check my blood pressure cuz of the challenges of running a start-up.

Now by Gods grace things are getting better.


Which business would you like to start up?
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by sexybaby22(f): 7:59pm On Jan 10
godwinstringed1:



Which business would you like to start up?

We are running already.

Though just about a year old.
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by emperorblog21(m): 8:01pm On Jan 10
godwinstringed1:




Nice meeting outside here again bro! @official https://emperorblog.com.ng


yes,boss. may God bless our hustle
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Newmans: 8:21pm On Jan 10
Good ideas, a customer as they say is always right, these points you mentioned are part of b/ness and you are expected to welcome them all. Handles them politely
.

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Beedude(m): 8:22pm On Jan 10
Good points. But do u have any note on how to nurture a good saving habit. I own my business, I have different accounts. But I still believe I am not saving enough
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Friasug: 8:30pm On Jan 10
Nice one Op

There's this quote that helps me keep going as an entrepreneur and thats

Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 8:30pm On Jan 10
Beedude:
Good points. But do u have any note on how to nurture a good saving habit. I own my business, I have different accounts. But I still believe I am not saving enough

Kindly check this out

https://www.ideaflavour.com/why-saving-your-money-can-be-the-worst-idea-ever/
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 8:31pm On Jan 10
Friasug:
Nice one Op

There's this quote that helps me keep going as an entrepreneur and thats




Nice one bro!
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 8:33pm On Jan 10
Newmans:
Good ideas, a customer as they say is always right, these points you mentioned are part of b/ness and you are expected to welcome them all. Handles them politely
.


Exactly
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by oneolajire(m): 8:35pm On Jan 10
Entrepreneurship in Nigeria is a Scam and a Multiplier of Poverty: Part 3


In the second part of this article, I described the four types of entrepreneurship available, they are, traditional, conditional, capital and innovative entrepreneurships.
Link to part 2
https://www.nairaland.com/3102449/part-2-entrepreneurship-scam-nigeria

It is important to note that nations that have developed over the years ensured massive emphasis on both capital and innovative entrepreneurship.

Unfortunately, the emphasis of entrepreneurship in Nigeria is on traditional and conditional entrepreneurships. I wonder how these kinds of entrepreneurships will solve socioeconomic problems in Nigeria.

Entrepreneurship in developed nations was used to provide infrastructures such as electricity, railways, airports, hospitals among others. Steel plants, petroleum refineries, automobiles, aircraft and hi-tech companies came to existence as a result of exploits in innovative and capital entrepreneurships.

Nigeria's kind of entrepreneurship being preached to our youth cannot be used to solve any kind of socio-economic problem such as lack of power supply, good roads, portable water, railway and so on. It is so obvious that the entrepreneurship we practice in Nigeria is absolutely handicapped. It lacks both solution and growth factor, however, it is a poverty multiplying one.

Nigeria's kind of entrepreneurship lacks the capability to provide substantial job opportunities needed by the youth. The traditional entrepreneurship we practice provide jobs in retailing, unskilled or semi-skilled jobs, exportation of raw materials and importation of finished goods. Developed nations have massive jobs in information technology, aerospace, space technology, healthcare power, sports, tourism, oil and gas, which are products of innovative and capital entrepreneurship. It is certain that the number of unemployed people in Nigeria will continue to increase if there is no change to our entrepreneurship approach.


Taking a look at the genesis of institutionalisation of entrepreneurship in Nigeria, which can be traced to 1986 when the Government established the National Directorate of employment, NDE, to provide skills for youth in order to make them employable. It was this same time that several industries began to fold up, banks began to liquidate, the quality of education began to experience sharp decline and government's investment in infrastructural development began to recede. It is so obvious that the government at that time lacked job creation skills.

Over thirty years down the lane, one should ask, how much jobs has NDE provided? Would we have the need of NDE if we had abundant industries and functional education that produces job creating graduates? What a pity to see that the major mantra of the government to the youth is traditional entrepreneurship. If Nigeria's kind of cake baking, hair dressing and dough-nut entrepreneurship had failed in the past, how would it help create factories and solve our unemployment problem? I see no reason why we should magnify the failures of entrepreneurship in the name of self employment.

Innovative entrepreneurship of Mr Innocent Chuckwuma of Innoson Vehicle Manufacturing and Mr Adetokunbo Ogundeyin of Proforce Limited -manufacturer of armoured vehicles- are undeniable examples. They built technological empires without government's help, yet, the sky is not even their limit, but their starting points. Imagine if we can replicate this achievements in electricity generation, petroleum refining, road/railway construction, metals and material production.

Nigeria is facing serious budget finance crisis because the revenue earned from petroleum is no longer sufficient to fund the budget. Massive funds is being ploughed into traditional entrepreneurship that provides very little tax, thereby plunging the nation massive borrowing. However, products and services of innovative ventures in developed nations have become huge sources of revenue to their respective nations. Therefore Nigeria should to invest in entrepreneurship that will generate abundant revenue to fund subsequent budgets.

Nigeria has more than thirty percent of an estimated population of 200 million people involved in agriculture, yet malnutrition is ravaging our land. The major problem of insufficient food production is the primitive farming using cutlass and hoe -a form of traditional entrepreneurship. So unfortunate that insurgency in North-Eastern Nigeria and the nationwide herdsmen killings highly contributed to reduced crop production.

On the other hand, some nations have lesser than two percent of their population in agriculture, yet they meet local demand and export. They make use of innovative entrepreneurship both on the farm and in the lab/workshops. They don't depend on normads to provide beef for them. Here in Nigeria, graduates of agriculture do not practice farming professionally, yet it is the unequipped graduates of other courses, that are persuaded into agriculture as a result of unemployment.

It is good to have several capital entrepreneurs like Aliko Dangote, who has built several industries in Nigeria and across Africa. His latest investment in the 650,000 bpd of crude oil refinery and petrochemical complex which is expected to help tackle the availability of petroleum is highly laudable. However, he didn't become an overnight investor, his success story began in 1977 with the 500,000 naira loan -when 1$ = 0.65k - given to him by his uncle, Alhaji Dantata. The major problem of capital entrepreneurship is how to get massive loans for industrial development. Unfortunately, many who have the funds prefer to save them in foreign banks.

Finally, a paradigm shift is still the solution our challenges.

2 Likes

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Jeffosa007(m): 8:36pm On Jan 10
Nice write up sir. #copied
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 8:47pm On Jan 10
Jeffosa007:
Nice write up sir.
#copied

You're welcome sir/ma
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 8:50pm On Jan 10
SEONaijaExpert:
Good content.

Entrepreneurship ain't theory, it can really be challenging starting and growing up.

Whichever way, consistency is key.


Thanks for stopping by!
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by IbrahimDamola: 8:58pm On Jan 10
uwish:
Care to travel OVERSEAS for visit/study

It is as simple as ABC and cost less as little as PENNY

South Africa (200k)
Canada/Australia (600k)
USA (600k)
UK (500k)
Schengen (700k)

Check my signature

I need cheap schools for PhD in Canada and Australia. Can I get a list?
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Beedude(m): 9:04pm On Jan 10
godwinstringed1:


Kindly check this out

https://www.ideaflavour.com/why-saving-your-money-can-be-the-worst-idea-ever/
Seems u don't mean what I mean by saving from my perspective. For instance I need 800k to get a land by June. I pay my workers , run different expenses but at the end of the day I may not even reach 400k before the stipulated time. Hope u get me now ?
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by TEYA: 9:08pm On Jan 10
I started reading enthusiastically, when I saw "Donald Trump said" I puked. I stopped reading!

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by permit(m): 9:22pm On Jan 10
uwish:
Care to travel OVERSEAS for visit/study

It is as simple as ABC and cost less as little as PENNY

South Africa (200k)
Canada/Australia (600k)
USA (600k)
UK (500k)
Schengen (700k)

Check my signature
uwish:
Care to travel OVERSEAS for visit/study

It is as simple as ABC and cost less as little as PENNY

South Africa (200k)
Canada/Australia (600k)
USA (600k)
UK (500k)
Schengen (700k)

Check my signature
uwish:
Care to travel OVERSEAS for visit/study

It is as simple as ABC and cost less as little as PENNY

South Africa (200k)
Canada/Australia (600k)
USA (600k)
UK (500k)
Schengen (700k)

Check my signature
scam

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by kinggozzy(m): 10:12pm On Jan 10
Good write up

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Braaad: 10:50pm On Jan 10
Nice post... Following

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by CaptainFM1: 10:59pm On Jan 10
I'm fired-up by this piece. I'm going for it now.

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 10:59pm On Jan 10
Beedude:

Seems u don't mean what I mean by saving from my perspective. For instance I need 800k to get a land by June. I pay my workers , run different expenses but at the end of the day I may not even reach 400k before the stipulated time. Hope u get me now ?

Oh!

Would you consider opening a new Fixed Deposit account? And try a new self discipline of raking out a percent from every single revenue you get to save into that fixed deposit account?
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 11:03pm On Jan 10
TEYA:
I started reading enthusiastically, when I saw "Donald Trump said" I puked. I stopped reading!

The man acts immoral most times. But don't forget that there's a sense in every nonsense
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by mascot345: 11:22pm On Jan 10
godwinstringed1:


Source: https://www.ideaflavour.com/business-problems/

Thank you so much. Sometimes you feel like giving up.
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by mascot345: 11:23pm On Jan 10
Thanks

1 Like

Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by godwinstringed1(m): 11:41pm On Jan 10
mascot345:


Thank you so much. Sometimes you feel like giving up.


You're most welcome
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Beedude(m): 7:13am On Jan 11
godwinstringed1:


Oh!

Would you consider opening a new Fixed Deposit account? And try a new self discipline of raking out a percent from every single revenue you get to save into that fixed deposit account?
Okay. Will work on that
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Valnos: 8:54am On Jan 11
Thanks op, nice post.
Re: 7 Problems You Can't Escape As An Entrepreneur in 2019 (here's What you must do) by Kennyguru(m): 9:29am On Jan 11
This is so true

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