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What They Didn't Tell Us About Entrepreneurship - Business (5) - Nairaland

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Re: What They Didn't Tell Us About Entrepreneurship by Orlasunkanmy: 7:09pm On Jan 18, 2021
slawormiir:
Damnnn niggarrrr
Well done son...I perused through your article as I read between lines while blazing my weed and drinking my origin bitters....I must say this your write up is not devoid of intellect and wisdom...

This is to say in anything you do don't give up because winners don't quit and quitters don't win

So with this i urge all my fellow gamblers, stakers, high rollers, risk takers and punters to never quit....because for everyday we wake we are faced with more than a hundred ways to become a millionaire of which gambling is among....just have to exercise patience and continue to stake
And same goes to my fellow bombers and street huzzlers....don't give up....one day you go pick...2 seconds he go bust....your first picking na im area go take scatter


It shall be well with you baba... Gbayii
Re: What They Didn't Tell Us About Entrepreneurship by Sulogy2255: 7:14pm On Jan 18, 2021
Nice post Op for the effort.. most of the point you highlighted I think I have read or heard about some of them. because am an undergraduate student of entrepreneurship and business management maybe as I go further in my academic I will get to know more
Re: What They Didn't Tell Us About Entrepreneurship by smithclito: 7:17pm On Jan 18, 2021
this write up is not a product of taught or creative imagination, it is not a product of mentorship or advice...........To make such write-up the writer has really pass through the rudiments of entrepreneur right from the scratch with little of no mentorship.
Only the true die-hard non quitting ,strong minded entrepreneurs can really understand this write-up.
were ever this write up comes from I thank u for making me understand that what am passing through for year is just the basic to success.

9 Likes

Re: What They Didn't Tell Us About Entrepreneurship by jimmynauty: 7:19pm On Jan 18, 2021
Draslo:
Some things are best explained by experience.


You have to think like an oga to become an oga.
but for bettong you need a structure to be a millares
Re: What They Didn't Tell Us About Entrepreneurship by emmaodet: 7:22pm On Jan 18, 2021
TransAtlanticEx:
grin
Oh so you thought it was about wearing cheap suits and looking cool on Instagram giving unsolicited motivational quotes abi? grin
When I see those ones I know they ain't ready for business yet.
You can't be superficial and be a budding entrepreneur at the same time,one just have to go. grin
When them call you for meeting for 3am to come pitch your product(no one really cares if you die on the way undecided),or you owe bank or relatives money and them dey threaten you for am,or you owe staff,or you need to expand but just don't have the funds or keep running at a loss,
You will suddenly forget how to bafff,let alone Instagram grin

grin grin grin grin grin

Bro, compliment.
Have taken a break from biz for now before i go run mad.
I need the break to regain my sanity

2 Likes

Re: What They Didn't Tell Us About Entrepreneurship by OGWILLS123: 7:22pm On Jan 18, 2021
showafrica:


Raised 400$ to 3k$ in 4 months had to withdraw everything due to coro effect ... Since then, the strategy stopped working. Still trying to find out what went wrong. Took me about 3yrs to figure the Strategy myself, surely the same spirit will still figure another one and a permanent one. I am working towards that, just like what op wrote, the make genuine money no dey easy and failure is a blessing in disguise.
Woo ! shocked am so motivated. Thanks a lot sir, seems i will give this forex a try tongue but for now let me look for side hustling first, can't put all my egg in one basket cool
Re: What They Didn't Tell Us About Entrepreneurship by ultimateprof: 7:23pm On Jan 18, 2021
OGWILLS123:
Please guys am about dedicating my whole life into learning forex I hope it will worth it cry

Why not combine it with bet9ja? By so doing we will await your story.
Re: What They Didn't Tell Us About Entrepreneurship by OGWILLS123: 7:30pm On Jan 18, 2021
ultimateprof:


Why not combine it with bet9ja? By so doing we will await your story.
Lol... grin have already found a lop hole in bet9ja zoom soccer tongue
Re: What They Didn't Tell Us About Entrepreneurship by Joker09(m): 7:34pm On Jan 18, 2021
ZACHIE:
no one told you that even a Dangote will owe you payments and will refuse to pay

You're 100 percent right about this. True talk.
Re: What They Didn't Tell Us About Entrepreneurship by Cholls(m): 7:55pm On Jan 18, 2021
vioment:
Entrepreneurs get levels based on perspective of intent.


Someone might aim to provide a service or bunch of services, pay tax, and have a profit. That profit after the capital and operating cost are factored in, is the result number of gain or loss.


Before now, I been dey call entrepreneurs bosses. From Akara seller, suya seller, computer village sellers, shop seller, generator repair person, vulcanizer, mechanic, all the way to cell phone owners, freelancers, magazine owners, etc. All na entrepreneurs or business people.




Like Rick Ross say, "a boss is the one that guarantee we gonn eat". To me a boss in business is the organizer of a project in action. If you hire somebody to bring their skill and come help you, while you pay them and manage their skills and time, during the timeline both of you agreed, then you are a boss. Like in building a structure, the boss there is the contractor. The owner of the building is the investor to the contractor. A boss is suppose to know about the business and not just be an investor who don't really need to know about the project but the result of the project. An investor is also an entrepreneur. Facebook and others had investors but those investors are not operating the business. Am not talking of manager, who is the organizer of a task or more. In building a structure, the mason have their own manager, the electricians have their own manager, who the contractor should be supervising in an organized project.
my brother why are you giving yourself head-ache. The simple defination is if you own your time then you are an entrepreneur

2 Likes

Re: What They Didn't Tell Us About Entrepreneurship by LhoOd(m): 8:05pm On Jan 18, 2021
OGWILLS123:
Woo ! shocked am so motivated. Thanks a lot sir, seems i will give this forex a try tongue but for now let me look for side hustling first, can't put all my egg in one basket cool

really now
Re: What They Didn't Tell Us About Entrepreneurship by nizetee: 8:06pm On Jan 18, 2021
blinking001:
No pain no gain
Pain is weakness leaving the body.

1 Like

Re: What They Didn't Tell Us About Entrepreneurship by Whoknowsme: 8:06pm On Jan 18, 2021
Very on point. I have a friend who opened a business, after months of no result, she became vulnerable and started losing it. But I told her the business will survive the test of time if she will become patient. We're still here ticking the time till it becomes her dream come through.

5 Likes

Re: What They Didn't Tell Us About Entrepreneurship by Drfinn: 8:07pm On Jan 18, 2021
Insightful!!

This post is timely. Failure is one thing an entrepreneur most become accustomed with. Failure is a better teacher than success.
I have failed severally and may continue to fail. However, I am determined to make the most of myself. I have come too far in life to give up!
Nigeria seem to be one of the worst countries to become an entrepreneur. The whole system is orchestrated to frustrate you. Gosh!

This write up explicitly captures the travails of an entrepreneur.

6 Likes

Re: What They Didn't Tell Us About Entrepreneurship by nakamoraa: 8:22pm On Jan 18, 2021
A journey of a thousand miles begins with only a step.
That business idea you've got why not give it a try this year and see how it blossoms.

Becoming an entrepreneur is worthwhile...more especially in this Period of Job scarcity.

4 Likes

Re: What They Didn't Tell Us About Entrepreneurship by Nicoddemus(m): 8:24pm On Jan 18, 2021
nenyewrites:



Please expanciate on the bolded.

A man might be failing in life until he goes to do rituals, during the process the priest tells him the rules to keep for the ritual to be effective. As long as he lives in those rules he will begin to prosper. He doesn't have to work harder or to change business, from the one he's already doing he grows and multiplies to the amazement of others. This is to tell you there is a spiritual dimension to life, there are forces that controls things- negative and positive forces. God is the origin of all powers, just as devil demands sacrifice from you, rules and regulations for you to keep for him to prosper you so does God. The problem most people have when they relate with God is to take him casual, never keeping to his rules on prosperity. God is a deity, failure to keep to the rules brings about failure in business success. Some of the rules are:

1) God will be sorted and he has to approve the business. It will have to be a godly business started with Clean money if you want God to back it

2) you will have to enter covenant with God on your money. What you must give him as long as the business lives, without it he'd not have a legal ground to withstand forces on your behalf. 10percent of your profit at least with absolute consistency else you spoil the charm. The money you shouldn't give it casually but with the heart that your giving your sacrifice to a deity. Also you must not eat alone, a certain portion of your money will have to benefit others

3) you must never confess negatively or say anything bad concerning your business. Even when others are complaining you must not, even when you feel your not making progress you must not be tempted to say negatively rather you must declare your increase as often as you can

4) the last but the most important is... there's a spirit that brings money. That is, there's a spirit that possesses you and you can never go broke ever in life. In God, the spirit that brings money is living under divine influence- the presence of God. I don't want to go into details but there is a relationship between staying in the presence of God and money. The longer you can stay and ascend the more your quality of life improves not just money. Now if you don't have this presence you will have to find an anointed man that you must pay homage at intervals for him to declare the blessings of God over you as long as you remain in business.

Life is all about laws and effect, do these and no devil will ever have a legal ground to stop you. What I'm saying to you is not head knowledge but an experience

7 Likes 2 Shares

Re: What They Didn't Tell Us About Entrepreneurship by showafrica(m): 8:37pm On Jan 18, 2021
OGWILLS123:
Woo ! shocked am so motivated. Thanks a lot sir, seems i will give this forex a try tongue but for now let me look for side hustling first, can't put all my egg in one basket cool

Yes, diversify and concentrate more on what you have passion for. Those making money from forex don't have the time to begin to convince you to learn forexx. If you wan learn forex, figure out a strategy for yourself, make sure you do demo for at least one yr before you invest your real money. Dont ever invest more than 200$...the secret is 200$ goes for 0.01 lot and if you cannot grow 200$ to 2k$ then you are not getting it.
Re: What They Didn't Tell Us About Entrepreneurship by Eileene(f): 8:54pm On Jan 18, 2021
Eriokanmi:
Nice one OP. This is the kind of posts I want to be seeing on the front page and not posts like...

Should I marry her or not...?

How can I woo her, she's been eyeing me...

Advice needed, she doesn't pick my calls again, could she be cheating on me? Etc

For me, this us the best post I've seen this year in nairaland.
HAHAHAHAHA lol I can't stop laughing

1 Like

Re: What They Didn't Tell Us About Entrepreneurship by Murketeer: 8:55pm On Jan 18, 2021
colp2015:
It is financially rewarding if you are trained by the right person.

Whatever you decide, I will advise you to do the following:

1. After you learn the terminologies, fundamentals, and technical analysis, you must trade a demo account with as small a capital as possible. $50 is recommended.

2. You must fund a real account with ONLY twenty thousand naira and trade it for 3 months. This is after you have paper traded the demo account.

3. Brokerage firms are a big hurdle. In fact, many brokerage firms use tech (MT platforms) to defraud their customers. If your trade is going well, their trading platform would beat you by a requote system.

How to beat brokers in their game?

Do not use their MT platforms. Instead, opt for their webterminal.

There is a drawback to using the webterminal, which is limited assets. Indices, Gold, and Stocks are usually not available through Webterminals.

Feel free to ask me any questions. I am about to launch a training and support programme for Nigerians and then Africans.
I trade only indices ...

1 Like

Re: What They Didn't Tell Us About Entrepreneurship by Dollanaira: 8:56pm On Jan 18, 2021
Really
Re: What They Didn't Tell Us About Entrepreneurship by Murketeer: 8:58pm On Jan 18, 2021
OGWILLS123:
Like WTF !!!... undecided ... am seeking for advice bruh you got any undecided
If you can master trading of Indices ...and also train yourself very well on Patience and Discipline...your life will never remain the same again...But if you don't have heart for this....Pls stay away
Re: What They Didn't Tell Us About Entrepreneurship by themaestro08(m): 9:12pm On Jan 18, 2021
I'm Currently sick and in pains. Whoever will assist me anything, how ever little , I will be eternally grateful.

0148889481
Union bank
Re: What They Didn't Tell Us About Entrepreneurship by themaestro08(m): 9:31pm On Jan 18, 2021
tensazangetsu20:
Sometimes it's better to give up that continue in a foolish venture. Know when to cut your losses and move on from something if it isn't working.

A philosophical comment kiss. Sometimes sticking to the "never give up" pledge is absolute folly.
Re: What They Didn't Tell Us About Entrepreneurship by nisco18ng(m): 9:34pm On Jan 18, 2021
Best post of the year!

1 Like

Re: What They Didn't Tell Us About Entrepreneurship by Shopatcandice(f): 9:38pm On Jan 18, 2021
Techwriter:
The only part they told us about entrepreneurship was that we would be our own bosses.

[img]https://1.bp./-1wqjJTrJfdo/YASS8fHcMNI/AAAAAAAAJ0s/aMMfcDFouhsYh6uSFmkFRLKT9ahUvbKZACLcBGAsYHQ/w400-h250/internal-auditor-2.jpg[/img]


They never told us that we would fail many times before we succeed.
They never told us that we would work 5 times more than our employees and not get anything sometimes.

They never told us that this would cripple our credit score. That we will be in debt and owe a lot of people money.
No one said anything about the sleepless nights trying to figure out a way forward.
No one told us about the stress and anxiety.

No one told us that this will cause conflict between us and or relatives and family members.
No one told us that we would be jokes to the society especially when we start changing from one business to another.

No one told us that sometimes we will go six months or more without any income. Living in the edge and surviving through borrowing money from different people.

No one told us that our doors would be shut down due failure to pay staff, they can’t get to work.

No one told us we would be hobos at some point.
No one told us that our wife's /husbands /boyfriends and girlfriend's would leave us because they will not understand our journey.

No one told us that we will have to be more than patient.
That we would make so many mistakes end up losing a lot of money.
That at some point we would have to risk our lives in order to move forward.

We had to figure this out all by ourselves.
Many gave up on the journey.
Some died on the journey.

But some of us after going through so much pain we decided that we were going to succeed or die trying .
Some of us we are never giving up on this no matter what. We are now doing it and very aware of the circumstances.
It's win or nothing for us and it's too late to go back now.

We are entrepreneurs!!
#Breakingfree

The Mad 1%
Author Unkown

We forge ahead ❤��

Source: http://think2wize./

Thanks
Re: What They Didn't Tell Us About Entrepreneurship by Shytreasure(m): 10:07pm On Jan 18, 2021
Nice write-up op, very encouraging post! I must say this post is a motivation for me! I just had an experience which almost made me fall into depression.

I'm a student in my finals (500 level). Just recently, last year to be precise, i conceived a business idea during the lockdown, while i was still in the state where i school. I decided to set this business idea into motion in June when the lock down was about to be lifted, in fact because of the desire to start something, and put an end to idleness i travelled down to Lagos during the lockdown, fortunately the lockdown was lifted a few days later.

Immediately i got to Lagos , i started the business, mini importation to be precise - as little income could be used to set it up. I bought a few goods, things i knew would move in the market- phone accessories, water purifier, hair products and a few others. I took them to the organisation where i did my student industrial work experience scheme because of the relationship i have built, while i displayed them on my WhatsApp status at the same time.

Surprisingly, after several visit to this organisation and other places, couple with the advert i did on WhatsApp i sold virtually all the goods!!i was very happy, i made profit that made me decide to reinvest both the profit and the and capital in the business. Now, that's the darkest point in my business career!! How?


With that burning desire and passion derived from my first business experience, i decided to make another attempt! I listed out a number of goods i felt would move , i included some of the things I bought the first time and i ordered them immediately. A few days later, i was called that my goods have arrived and i went to the shipping company for pickup.

Now i observed the carton used in packaging my goods was a bit rough, and it appeared the sealing tape has been tampered with, but i immediately discarded that thought with the belief that such was normal since it wasn't just my package that was kept in the warehouse. Also i have not been given any reason to believe any foul play, at least judging from my first dealing with them.

Well to cut the long story short, by the time I got home to open the carton some of my goods were missing, these are things i couldn't have noticed their disappearance because they are not big in size , although they are quite expensive.

I called the agent who helped me procure the goods immediately, she was as surprise as i was, complaints were lodged to the shipping company and till date nothing positive has come out of it.

I was so discouraged, couple with the fact that the things I bought - clock Wallpaper, water purifier, earbud, women hand bag... Did not sell
As expected. People that earlier ordered for these items, which prompted the inclusion of the items in my list later said there was no cash when the goods arrived.

It is only when goods are selling in the market that one will be motivated to hawk, but after a long try and the result remains negative, one may be forced to quit.

I wouldn't say i have quit , but i was negatively affected by those experiences. Right now, feeding and some other expenses have eaten deep into the money I have, since there's no consistency. I'm only left with just a few of the goods, i have tried to sell them at least before returning to school, but we all know how things are outside there, there is no sale as such.



Yes my mistakes are..(1). I didn't plan the second business attempt very well, i miscalculated. (2) i allowed setback (missing goods) to discourage me- the goods i lost weakened my morale, it also weakened me financially. But what could I have done? i am a newcomer!!

If only I could sell the few items I have and get a little financial assistance, I will retrace my steps. life is indeed not easy for newbies entrepreneurs, especially those who lack financial Assistance.

4 Likes

Re: What They Didn't Tell Us About Entrepreneurship by colp2015: 10:08pm On Jan 18, 2021
Murketeer:

I trade only indices ...
Do you trade with a naira or dollar account? What is the name of your brokerage firm?

I will appreciate your response.

Thanks in anticipation.
Re: What They Didn't Tell Us About Entrepreneurship by Gentlebuka(m): 10:36pm On Jan 18, 2021
Nicoddemus:
Am an enterprenuer but I didn't pass through all these shit you mentioned. It was difficult starting but I blazed through. Now these are the rules

1) never start a business without a proper knowledge of the business

2) Never start a business without adequate financial management skill

3) Never start a new business without the mindset to be frugal in your spending at least for the first one year

4) the last but the most important is never start a business without a spiritual backup else the elements might just frustrate you

All these I can expanciate but I'm too lazy to type

Concerning your 4th point, please give me an example of the spiritual backup
Re: What They Didn't Tell Us About Entrepreneurship by Starz825(m): 10:38pm On Jan 18, 2021
OGWILLS123:
Please guys am about dedicating my whole life into learning forex I hope it will worth it cry
go ahead bro
Re: What They Didn't Tell Us About Entrepreneurship by vioment: 10:43pm On Jan 18, 2021
Cholls:
my brother why are you giving yourself head-ache. The simple defination is if you own your time then you are an entrepreneur


Lol. True summary.
Re: What They Didn't Tell Us About Entrepreneurship by PNomsule: 10:54pm On Jan 18, 2021
PRINCEHAZAEL:
if you don't want to cry later.... No try am

Na so village dey take style call person ooooo
Re: What They Didn't Tell Us About Entrepreneurship by Murketeer: 11:03pm On Jan 18, 2021
colp2015:
Do you trade with a naira or dollar account? What is the name of your brokerage firm?

I will appreciate your response.

Thanks in anticipation.
A dollar account ...I trade with Binary or Deriv

1 Like

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