Celebrities › Re: Guests At Toolz And Demuren’s White Wedding by izuch(m): 6:11pm On May 28, 2016 |
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Celebrities › Re: Adaeze And Joseph Yobo Conferred With Chieftaincy Titles by izuch(m): 6:09pm On May 28, 2016 |
Congrats skipo |
Education › Re: THROWBACK : 8 Things You Can Clearly Relate To If You Attended A Boarding Schoo by izuch(m): 7:03am On May 26, 2016 |
Interesting |
Career › Re: What Are The Highest Paying Federal Government Agencies by izuch(m): 2:03pm On May 22, 2016 |
Electronzeez: Stop following pirated copy , you won't listen .who does not know John snow is back .
Got is officially on episode 6. Your point being?  |
Business › Re: Entrepreneurship Vs Self-employment - Knw The Differences by izuch(m): 1:57pm On May 22, 2016 |
mccoy47: U quoted the whole article to write dat? Oponu! Lols, I'm glad you're pissed  |
Career › Re: What Are The Highest Paying Federal Government Agencies by izuch(m): 1:56pm On May 22, 2016 |
Joysmart: please What time and days does it air on dstv Thursdays |
Business › Re: Entrepreneurship Vs Self-employment - Knw The Differences by izuch(m): 7:14am On May 22, 2016 |
cr80vity: The differences between ENTREPRENEURSHIP and SELF-EMPLOYMENT
Alot of times we do hear or read about the benefits of being self employed/entrepreneur. In fact, this seems to be the best concept to wealth. But not for once have I ever knew that there is a difference between self-employment and entrepreneurship not until I started reading business articles and books, listening to great business consultants - the likes of Fela Durotoye, Kunle Soriyan, Brain Tracey (these are my most favorites and role model) and so on. Then I sat down thinking every night, am I an entrepreneur or self-employed?
Many of us never look deeply into this and we usually mistake one for the other because they seem synonymous to us. Self employment is you working for yourself probably as being a contractor, a freelancer or you owning your business. The U.S dictionary defines entrepreneurship as "the art or science of innovation and risk-taking for profit in business. With this definition, I believe we are beginning to get an insight of how different these two are. After all my thoughts, I personally decided to regard entrepreneurship as INGENUITY. Now, what is ingenuity - it is the ability to solve difficult problems, often in original, clever and inventive ways. The way Bill Gates single-handedly revolutionalize the way we use home computers is an excellent example of ingenuity and entrepreneurship.
Two distinct variations of business owners are the entrepreneurs and the self-employed. Categorically speaking, most people fall under self-employment and not entrepreneurship. One major difference I see in the two is that one has a bigger scope and vision than the other. Let's take a big look at them
First, being self-employed, you have people who are working for you but being an entrepreneur, you have people who are working with you and not just under you. In self-employment, you employ people to work for you while the whole mission, vision and progress of the business lies on your shoulder but for an entrepreneur, you have people working with you - you are the boss or d director or C.E.O or whatever you tag your post but you and your staffs forms a team and you work as a team, they bring you ideas and innovations.
This is why two things illuminate the differences between self-employment and entrepreneurship; 1) For the self-employed, they have to go to work all the time regardless of the amount of staffs they have. If they don't, the business will simply stop. It might not stop on that day, but if theit absence is consistent, as days roll over, there is possibility of the business flopping. For an entrepreneur, it is not so. The business keeps going even with the absence of the boss because he has those who knows and understand his vision and can run things successfully in his absence 2) For self-employment, if the owner decides to retire, then that is the end of the business. If the owner dies, the business dies as well. For entrepreneurship, the business outruns the existence of the owner because his/her workers are working him with hence, they understand the vision, mission and value of the business but for self-employment, the workers areworking for him, hence, all they do is just to sell the products and services - they don't understand the mind of the owner. Take for example, Apple Inc., even after the death of Steve Job, the business still moves on (and didnt change to being open source) but can you remember that there was once a newspaper called Concord in Nigeria? Where is it today? If those working with Steve Job did not know the vision of the business, will it stil be existing?
Think about this - "do you want to build a business that can sustain itself and be valuable enough to sell to others (this is the mind of an entrepreneur) or simply create work so you can pay your bills (this is the mind of self-employed)?
Secondly, entrepreneurs are Global thinkers. They see business in larger scale than the self-employed. The self-employed does not want to go beyond his/her vicinity or do something new because they are scared of taking risk, they are scared if it's going to work out or not, so they prefer to be on the safer side but Entrepreneurs are risk-takers - he knows how to manage and control risk, he deals well with his procurement and thinks massively.
An entrepreneur understands that there is money to be made and more benefits to had when you serve others on a larger scale. They think globally and identify needs and frustrations to serve the masses and continually further their market reach so they are always seen in the international market more than the self-employed. Take for example Jumia (a Nigeria e-commerce organization) and someone who opened a shop to sell his goods. His shop is in a particular place for the reach of those around and not for those far away from his shop's location but Jumia can bring this same goods at is being sold to you wherever you are - they are meeting the needs of those far away. So I see Jumia as an entrepreneurial organization as theu are meeting the needs of masses and now Jumia is known internationally. Jumia now extend.their services to other west africa coutries like Ghana, Kenya and the likes. This Jumia and the shop owner who sells the same things have the same mission (to sell) but different vision (to reach globally)
A business can be small, but when you start to think like an entrepreneur and not just someone who owns a business but someone who runs a business, then you will have the zeal to grow and not stay at a point.
Lastly, entrepreneurship is believed to be a key determinant of the economic success of a country. Self-employment could be selfish at times when most of your thought is about just your wealth. An entrepreneur also thinks about his wealth but he creates something that will benefit others and thereby bring in wealth for him - it is mutual not selfish.
Same goes to a Nation.
A nation that invest into entrepreneurship strengthens theit economy. There is more of exportation to importation and the nation is known in the global market. Similarly, entrepreneurs in a country also enhance the country's economy. When you hear of Apple inc., you think about America. When you hear of Tecno, you think of China. When you hear of Samsung, you think of Korea and so many examples. With due respect and love, for the sake of improvement and not condemnation, when we hear of our country, Nigeria, what do we think?
It is not that entrepreneurship is not practice in Nigeria but it is done on a very small scale and this has limit our mentality and thinking. When most of we Nigerians hear about entrepreneurship, we delve our mind into soap making, shoe polish making, how to fry doughnut For sale and so on.
Please don't get me wrong, these things are very excellent but our intelligence and skills can still be broadened than these. Let's see soap making, bead making and the likes as one sector of entrepreneurship which I believe is now being thoroughly taught but can we also look at another advance section of entrepreneurship? Can the government please help to invest into our intelligence. Thanks to those Nigerians who learnt how to develop inverters ans solar generators - this is a very good example. Imagine this project has being invested on, then we won't have to import any of these things. Our schooling does not matter but the education given to us, so regardless of being a graduate or not, there are people, creative people out there with high intelligence who are looking for chances to use their abilities. Government investing in this advance entrepreneurship will change the country from just having mechanics but mechanics who can make cars, computer engineers who can make mother boards, phone repairers who can make phones and their panels, textile industries that can turn wool to clothes and not just only tailors. Imagine us importing toothpicks, cotton buds, matches and so many little things when it is not that we don't have the resources.Nigerians who have the opportunity to support this type of entrepreneurship should please do so. I so much love Innoson motors - at least we now have a company producing Nigeria made cars (entrepreneurship) and not just Nigeria companies selling cars (self-employment).
I am not condemning those selling these things but can another set of people also learn to produce these things? There are so many other things we can still create ourselves. If the government can, we citizens can and at the same time, we should believe in ourselves and not condemn things that we make. Encourage ourselves by buying our own things most times. Let's believe we can and yes we can!!!I believe we are now enlightened about the differences in being an entrepreneur and being self-employed. Own your business and think wide about it, take constructive risks, read business articles, learn from the successful ones.
Don't just own your business -RUN IT
Written by Adeyemi Olumide ( a.k.a creativity)
visit my blog to read more articles like this http://creativityworldsite. Warrisdis?  |
Career › Re: What Are The Highest Paying Federal Government Agencies by izuch(m): 7:06am On May 22, 2016 |
petrov10: medical field I guess
my mum is a surgeon ion know the ezact amount she earns but I think it's above 5hundred grand.
she likes big cars
that aside solemnly expecting games of thrones oo episode 6 will come out this night. can't wait all the GOT lovers in the house bonjour Season 6 wey don reach episode 5, niqqa where've you been?  NB. John snow ain't dead he was brought back to life by the red witch  |
Romance › Re: Six Signs Your Husband/boyfriend Is A Gambler by izuch(m): 10:07pm On May 03, 2016 |
frankobaba: When you see a Congratulatory email on his phone with this Pix attached just like the ones I received weeks ago.
My dear, he just HAMMERED!
"Na just ONE been cut my third slip" Bros dey give me games nah, I want to be your new best friend  |
Politics › Re: Abdullahi Abubakar And Khadija Harazimi Wed (Photos) by izuch(m): 4:28am On May 03, 2016 |
Janeify: They wear rings too,few of them sha If they marry four wife's they'll probably wear one ring for each wife abi? |
Politics › Re: Abdullahi Abubakar And Khadija Harazimi Wed (Photos) by izuch(m): 4:25am On May 03, 2016 |
marwanafrica: . Guy na wa 4. U ooh, islam dosnt kick against reception ( in as much as it is done in a decent manner) and islam endorse putting ring, so wat re u saying bro Four wives, four rings?  |
Politics › Re: Abdullahi Abubakar And Khadija Harazimi Wed (Photos) by izuch(m): 10:56am On May 02, 2016 |
abokis don dey do reception? Small time them go add wedding rings.  Congratulations, may God grant you plenty children and more beautiful wives |
Politics › Re: Gunmen Shoot At Pius Odubu In Auchi by izuch(m): 8:56am On May 01, 2016 |
Make una go thank una God. |
Crime › Re: ALERT!! ALERT!! Beware Of Atm Fraudsters by izuch(op): 8:54am On May 01, 2016 |
Pls MOD'S this post deserves front page, do the needful ASAP |
Crime › ALERT!! ALERT!! Beware Of Atm Fraudsters by izuch(op): 7:12am On May 01, 2016 |
I, BenjaminZion is a VICTIM. Read till the end Ooh: Since last week Wednesday till yesterday, I frequently receive an SMS from this phone number: 234 803 413 8959. and the message read thus: "Dear Customer, due to the BVN validation in compliance with CBN directives, your ATM card has been deactivated. Call our helpline on 08034138959 now. My people, at first, I ignored it severally knowing that if truly its from First Bank, the SMS should've bear FIRST BANK name. Then on Sunday, someone visited my house, so I decided to go withdraw but the ATM machine displayed that I've exceeded 5times of withdrawal which I haven't. Now, I believed the SMS I got might be from the Bank Manager of the branch where I opened my account @ Onitsha. Then today, around 12:17pm, I got same SMS and I decided to call because I'll be attending a seminar tomorrow here in Enugu which I need to withdraw money that will aid my transport and other expenses. When I called, the number picked up & said "This Is FBN helpline, I'm speaking with Mr Benjamin Zion Arinzechukwu" I replied "Yes". He called out my account number & the last two digits of my ATM card. I was shocked then, I now believed it was from First Bank. Throughout the dialogue, he was calling me Sir, Sir, Sir. I was convinced coz that's how bankers treat customers. He asked me to call the 19digit pin on my ATM card, which is the Serial number & I dis exactly. Within 4mins, I got this five code (28506) which I sent back to them as instructed. They told me to call Back after 40mins. My people, within 25mins, I got an alert of #10.000, five times, which is 50.000naira. I called back the number & complained; they say, they'll refund the money within the remaining 15mins. That they're testing the pin. Then, I began suspecting the whole transaction. I called a staff @ FBN Onitsha, the branch where I opened the account, her line was switched off. I suspended the lunch I was preparing, switch off the gas cooker, dressed up like a mad man and made my way out of the house. I stopped a Keke (tricycle), I even wore my belt and shirt inside the Keke. When I got to the bank, I went straight to the Bank Manager's office (My new friend), I complained to him. He was mad @ me & blamed me for not calling him to confirm since I have his contact. I also blamed him for not informing me hitherto coz he knows such info & didn't informed me earlier. He took me to the "Customer Service Unit", I was given a form where I penned down my Acc name & number. They blocked the ATM card & pin immediately. Still @ the spot, I got a withdrawal alert of #30.000naira, summing it #80,000. Many people came for same purpose; a lady was lamenting that after giving them her ATM Serial pin, within 30mins, she got an alert that she transferred 200.000 two times i.e 400.000naira. To one Mr Jude Okonta. Then, my anger was lessened, I began to thank God for making me notice on time & acted fastly. I went outside & test the ATM card and it was blocked truly. I called back the line, and the man/guy said "Sorry sir, for the inconvenience, we're trying to refund the money but there's poor network. I quickly lay curse upon the man, and gave him 1week to refund my money or he'll meet his waterloo. How can a student like me lose such amount to nothing good. Though I'm burning with ANGER & GRUDGES but I decided to write an article on this, so that none of my friend will fall victim as I did today. Kindly share this to others.
My names are: Benjamin Zion Arinzechukwu. {Deo-Gratias}.
Copied. |
Business › Re: Exclusive: See Where Nigeria, Africa’s Richest Men Were Spotted (photos) by izuch(m): 6:49am On May 01, 2016 |
Loaded folks! They're super rich |
Literature › Re: Things Fall Apart VS Arrow Of God (pics) by izuch(m): 6:48am On May 01, 2016 |
Things fall apart is a classic, like if you agree and share if you don't |
Phones › Re: Best Mobile Apps For Students by izuch(m): 6:44am On May 01, 2016 |
Quite informative, gracias amigo |
Nairaland General › Re: Nigerian Boy Constructs 11-storey Building With Bamboo Sticks And Cartons[photo] by izuch(m): 6:38am On May 01, 2016 |
When him go pack enter the house? At least it will be bye bye to landlord wahala  |
Romance › Re: 38 Beautiful Virgins Died In Bus Crash On Their Way To Marry The King Of Swazila by izuch(m): 6:32am On May 01, 2016 |
All those beautiful Bobbies are gone? Chai! Vanity upon vanity......................  |
Events › Re: Pictures From A Nairalander's Wedding by izuch(op): 8:42pm On Apr 30, 2016 |
More pictures
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Events › Re: Pictures From A Nairalander's Wedding by izuch(op): 8:41pm On Apr 30, 2016 |
vizkiz: may your marriage not scatter like tiwa salvage's and may you not loose your job and become a most high like tee billz in Jesus name... Amen!  |
Events › Pictures From A Nairalander's Wedding by izuch(op): 7:25pm On Apr 30, 2016*. Modified: 8:40pm On Apr 30, 2016 |
3 weeks ago I posted pictures of a traditional wedding. Well today the couple has finally been joined according to Christian rites. (pictures were taken with a phone)
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Celebrities › Re: Agbani Darego Shows Off Her Stunning Outfit To Variety International Awards by izuch(m): 7:02pm On Apr 30, 2016 |
Stick  Team BBB  Like if you're with me. |
Celebrities › Re: 10 Things We Learnt About Teebillz From Tiwa Savage's Revelation by izuch(m): 6:58pm On Apr 30, 2016 |
Na only teebillz (what kind of a name is that sef  ) get fault? |
Health › Re: 16 Bizarre Things Your Body Does While You Sleep by izuch(m): 5:04pm On Apr 30, 2016 |
Who we go ask |
Politics › Re: Saraki In Delta To Commiserate With Senator Nwabuoshi by izuch(m): 5:04pm On Apr 30, 2016 |
Bros remember say you still get court case oh! |
Romance › Re: ..... by izuch(m): 5:03pm On Apr 30, 2016 |
Ikebe no dey heavy the owner. Looku big nyansh  |
Jokes Etc › Re: How Will You React If You Are Served A Cake Of This Shape At A Party. by izuch(m): 4:59pm On Apr 30, 2016 |
Ewwww, disgusting |
Crime › Re: Burglar Arrested After Inviting Victim’s Daughter For Sexual Affair (photo) by izuch(m): 4:54pm On Apr 30, 2016 |
Ntorr!  you no get money and punny dey hungry you?  |
Celebrities › Re: Kenea Udoh, Teebillz's First Babymama And His Two Kids by izuch(m): 12:06pm On Apr 30, 2016 |
Old hen  |
Celebrities › Re: Tonto Dikeh's Endorsement Deal With Numatville by izuch(m): 11:57am On Apr 30, 2016 |
Good for her, Fellow nairalanders come and join me celebrate oh!! I'm so happy today, I finally bought fuel at 86 naira per litter after 2 months of buying at black market Price. Hippie ka yie!!!  |