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12 Young Entrepreneurs Who Make Me Feel Optimistic About Nigeria's Future / What Is The Force That Keeps You Going As An Entrepreneur? / Nigerian Entrepreneurs Worth Admiring (2) (3) (4)
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Re: Entrepreneurs What Has Kept You Going? by kingodeya: 1:55pm On Jun 18, 2013 |
page9: well, I urge people telling their stories to go a little further by mentioning the industry or sector where they operate (not necessarily specific ) so they can encourage other people who might be thinking of venturing in similar or allied sector.so if i may ask .how to u monitor and manage ur finances? |
Re: Entrepreneurs What Has Kept You Going? by page9(m): 5:38pm On Jul 20, 2013 |
All payment comes thru me. We have petty cash limit of 100k and no one gets any money without my approval. I make use of technologies. I can pay and receive money in any currency and from any part of the world. I have surveillance camera in my factory to monitor all activities. We constantly observe loopholes and we strive to block it as soon as it is detected. Is an on-going thing, it is a battle field where both parties try to out-smart each other. 3 Likes |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 7:33pm On Jul 20, 2013 |
If you think you cannot do it, then there is no need trying it. The last 12 months i spent in the 4 walls of a banking institution was spent in apprehension, anxiety and curiousity. I gave myself a date to exit the prison, note: that was how i now saw my work place. I nurtured passion to succeed in business. The hunger to be free consumed me. I spoke it out under my breath every minute. One month to my set exit date, i left the institution and started cement business with two outlets at thesame time. I started off as a distributor and the cement market was lucrative at the time. Money started coming in. At first, it was less than my salary, but as the months passed by, income increased progressively. At a time income became thrice my salary then, there was a sudden crash in demand for cement. All these happened within a space of one year and six months of resigning my job. At this time, your guy had bought land and built a boys squatter and fenced it with high walls. One of my shops came under threat of existence as my sales boy absconded with my money and partly customers' money. I closed it. When the cement glut fully set in, income from the second shop couldn't pay rent and salaries. I closed the second shop too. My sales girl was also helping herself from profits. All this while, i discovered that the income i made in cement business was tilted towards wholesale, buying and reselling in trucks. Maintaining shops was just a waste pipe due to high cost of rent, salary and staff infidelity. ''I cant be idle'', i told myself. I delved into transportation. I told two friends what i was about doing, they discouraged me saying it was a waste of time. That i wont make it. I told them that most people didnt make it because they did the wrong things. I also told them that if transportation was not lucrative, there wont be names like ''PEACE MASS'' and ''IFESINACHI''. I started with one bus, i leaned back on my experience as a car owner. I went for first grade fairly used imported vehicles 'Tokunboh'. That was in January 2013, today, i already have 3 buses on the road. One airconditioned. The airconditioned bus runs interstate while the other two run locally. My dear, my joy about transportation is that you see your money daily, people must travel and move about town. With this assured form of income, you can make plans and set targets for the future. Unlike in cement business, where there could be a sudden change in demand and income could slide by more than 90% in less than 3 months. As i speak, am still being owed money for cement that has been sold for more than a year ago. Finally, if i should engage in any business in future, transportation will still be number one. Slow and steady wins the race. !!!! |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 7:52pm On Jul 20, 2013 |
Da infamous: doing very good more brain work that's all Lending credence to your statement. I also discovered that whenever i was engaged in a start up, i did engage in thinking than any other thing. I also go on market survey to find out what people who are already in the business are doing. |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 8:08pm On Jul 20, 2013 |
lacasa: i dnt believe Enterpreneur is the word ϯo use in Nigeria especially. You are clothed with a Recipe for failure, you dont belong here. The difference between the rich and the poor is their thought pattern. You lack the thought pattern to become rich. As a son of my father, i did not inherit even N1,000 from my father's estate except a first degree. Am doing well in business and you are here bathing yourself with impossibilities. My fear for people like you, is that you refuse to help yourself and still refuse to be helped. |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 8:15pm On Jul 20, 2013 |
Emokai: hmn! life! life! I worked 2 and half yrs wit a private firm b4 starting my business exactly 1yr ago. i now have 2 branches and a jeep within 1 yr. i've also employed 4 semi skilled labour. i wont rest until i've developed my business 2 d extent that i'll b able 2 employ skilled nd experienced labour. working 4 someone was like hell 2 me; i suffered every form of humiliation to d extent of loosing my self esteem. now i'm free. i'm now a Director. Most bosses know how to identify entrepreneurs under them and kill their spirit. That was my greatest undoing in the bank too. Truth is if you are a born entrepreneur, you will be unhappy working as an employee. 1 Like |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 8:55pm On Jul 20, 2013 |
bigx: The Job is very tiring and time consuming. You work with the last strenght you have and you are not allowed to rest even if you feel like. 7am to 7pm, you are in thesame environment doing thesame thing. Nothing could be more boring... I worked for 5years and went on vacation for only one month. Its equivalent to a prison sentence. |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 10:36pm On Jul 20, 2013 |
bigx: I have had a share of business destroyers too. Now i spot them under 2days and disengage them immediately before any damage is done. They can erode your one year toil in one month. 1 Like |
Re: Entrepreneurs What Has Kept You Going? by Nobody: 10:54pm On Jul 20, 2013 |
question: TIME is of essence.. Did you notice where he said, ''am no longer in the telecoms business'' ? |
Re: Entrepreneurs What Has Kept You Going? by brabus(m): 6:38am On Jul 21, 2013 |
I believe life is very simple. I work hard and produce something of value that people want and then ask a fair price for it then things usually work out. By doing this always, I keep getting repeat business. I don’t believe in violating this principle for a short term gain. If only entrepreneurs can represent themselves and their opportunity in the right way then people will follow them. If we give more than we take, then people will reciprocate. Give it a trial! I've always applied this principle and I've been successful in all the business I venture into in the past two decades. |
Re: Entrepreneurs What Has Kept You Going? by Mettal: 10:13pm On Oct 21, 2013 |
okpara ugo:thats why entrepreneurs are sensitive and intelligent people, you learn the entrepreneurial trade and soon it spreads to your work and everyday life,people (the idiots you feed) simply thinks you are mean. |
Re: Entrepreneurs What Has Kept You Going? by Mettal: 10:17pm On Oct 21, 2013 |
Lets motivate each other,we shoudn't allow this thread to die.Comment more,its not easy beign an entrepreneur who has to manage and deal with different human character. |
Re: Entrepreneurs What Has Kept You Going? by yomexy2(m): 11:51am On Oct 22, 2013 |
page9: All payment comes thru me. We have petty cash limit of 100k and no one gets any money without my approval. interesting... |
Re: Entrepreneurs What Has Kept You Going? by BRIGHTSOLAR(m): 2:35pm On Oct 26, 2013 |
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Re: Entrepreneurs What Has Kept You Going? by Nostradamus: 4:17pm On Jan 31, 2015 |
still a student with big dream to go into entrepreneurship soon,the campus is an ideal place for honing my skills |
Re: Entrepreneurs What Has Kept You Going? by tony1980: 5:22pm On Jan 31, 2015 |
My Dear, is Almighty God |
Re: Entrepreneurs What Has Kept You Going? by JauroS(m): 7:56pm On Jan 31, 2015 |
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Re: Entrepreneurs What Has Kept You Going? by darocha1: 12:03am On Feb 01, 2015 |
Entrepreneurs are different from business men....a few stories have read are those of bizness guys kudos to all anyway |
Re: Entrepreneurs What Has Kept You Going? by tuslakoncept: 3:43am On Feb 01, 2015 |
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Re: Entrepreneurs What Has Kept You Going? by acidtalk: 8:23pm On Jul 28, 2015 |
What is still keeping you guys going? |
Re: Entrepreneurs What Has Kept You Going? by CharlyG1: 12:50pm On Aug 20, 2015 |
acidtalk: What keeps us going is: 1. Passion to succeed (profit making) 2. Passion in that line of Business 3. Freedom & Work flexibilty (Being ur own boss) |
Re: Entrepreneurs What Has Kept You Going? by annastacia15(f): 9:40am On Feb 19, 2016 |
I am a strong advocate of the theory that an employer's aim is not to enrich you but to give u just about enough to keep you wanting more. Such was my case at my previous job, I was employed as an accountant but because I'm very passionate about making a name for myself anywhere I find myself, I took up sales and marketing in the firm and I helped the company make a lot of money during my stay there. I was supposed to earn a commission but somehow the company ended up not paying me and after a short while, I decided to leave. I was depressed and didn't know what to do. I gathered my savings, this includes all the 2k I hide in jeans pocket, 4k in shoe boxes, everything I had and I decided to open a laundry initially. The USP for the laundry was drafted and I had a feeling that it would work.... I had to work within the limits of my budget, so I set out to find an office space, it was difficult considering that landlords nowadays want to charge 2million for a 4x4 room (pun intended). After a large manhunt for space, I had to go back to the drawing board and calculate the rate of turnover if I would use that space for a laundry. I had always had a passion for hospitality/bar/restaurant business, so I drew up a business plan for a bar business. By my calculations it was pretty fair. Not to bore you out, i got a shop, designed it myself, I must add here that it wasn't easy at all, after I paid the rent and bought some electronics (freezer,sound system et al) my money got finished, I was almost done with the place and I had no more money to continue, the items were just lying fallow, rats has even started eating the floater attached to the items. It was a bad bad period for me and i would cry everyday. finally God answered my prayers and the small side jobs (training marketing staffs for startups) began to yield fruits, I received payment and used it to complete the bar. Today we make way more than what I used to earn per month every week from this small shop. I'm not one to live a luxury lifestyle so most people don't know. Many of my customers see me as a sales girl and my bar manager as the owner, it helps them relate well with me, I get to hear firsthand what their issue/concerns are and work expediently to resolve it. I'm barely there but when I am, I feel fulfilled What keeps me going is the fact that if I could do all this when I was at my lowest, I can only imagine what I can do at my peak. My advice to people like me: refuse to be idle! I mean absolutely refuse it, If I didn't offer trainings to startups at a token, when I actually did need money, I would have nothing to fall back to. I sold my experience and expertise for a very minute fee and it helped my business at the right time. I didn't stay down, I can't stop, I won't stop! I didn't let my former job get the best of me and I didn't let despair win. Have faith in yourself, say to urself everyday, I have done it already and it will be done and most of all PRAY!!! If u are ever in Ikotun please feel free to visit us at THE OFFICE LOUNGE AND BAR at 2 Diffri Road, (church b/stop) Abaranje Ikotun Lagos. We love all our customers!!! The Office Lounge & Bar .....here, you call the shots! 3 Likes
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Re: Entrepreneurs What Has Kept You Going? by AreaFada2: 12:52pm On Feb 19, 2016 |
annastacia15: Very inspiring Anna. Will sure come over for a drink some day, by God's grace. 1 Like |
Re: Entrepreneurs What Has Kept You Going? by bamiistobi: 5:09pm On Sep 20, 2020 |
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Re: Entrepreneurs What Has Kept You Going? by bamiistobi: 5:10pm On Sep 20, 2020 |
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