₦airaland Forum

swimcash:
enterpreneurship has always been d best option,cos u r ur own boss n bosses 2 odas. u wake up weneva u please, go 2 ur place of business at anytym cos u v pple doin tins 4 u. but d fact is dat nt everi1 has dat spirit of bein self employed. D bitter truth most of us fail 2 accept is dat, even wit all ideas n skills, once u dnt av d capital 2 finance ur goal its bcums a mirage, capital is d most paramount cos money brings ideas.

Godiskind:
It is essential for ppu to knw where they can fit in best. The fact is that some ppu made great success being employed while some made it thru being self emplyed. I have an uncle. He made first class in sch, received scholarship for masters abroad, was very sound and brilliant. He worked in oil coy, climbed to a very high position in Shell, was well renowned in oil industry because his brilliant and excellent performance. He was so principled and a man of integrity. He was indeed very rich and has travelled places across d globe by d work exposure. But at a time, he resigned and set up his own company (glass manufacturing coy) and was running the coy. But do u imagine that this person who was so rich and highly respected, became poor, his coy folded and this large estate where d coy is situated was eventually converted to rentage for residentials. Such is life!

ttmacoy:
I really don't get this idea you guys have that being an entrepreneur means you wake he ever you want etc.

As a serious entrepreneur you wake whenever your clients or business needs you and not when you want.

You guys don't really know how much her swirl it takes to build such ideas up from scratch do you? Please read the biographies of the Google guys or even Facebook to see how HARD they worked to start their businesses. How much sacrifice they made.

ba7man:
If you make N1million a month in paid employment, that's N12million a year.

People that are self employed and successful are the ones that spend that amount on a car.

neahyo:
The last decade has witnessed a surge in all
manner of motivational talk in Nigeria.
Hundreds of seminars and thousands of articles
have been churned out by the motivational
talkers and the frenzy continues to gain
momentum. This is good, as everyone surely
needs motivation.

One of the most common subjects of such
talks is entrepreneurship/self-employment.
Good subject. I believe it is good to be self-
employed and seriously craves being one. The
benefits of owning one’s business are pretty
obvious: you are in full control of your
resources (time, finance, etc), you share all the
rewards. Fine point.
Owning one’s business is clearly one of the
best goals a person should desire to achieve. It
even makes you exercise your brain more. Most
of the richest people in the world own their
businesses, their brands. Aliko Dangote owns
Dangote Group (although being a PLC, he
doesn’t have 100% ownership); Mike Adenuga
owns the Adenuga empire; Michael Dell owns
Dell Computers; Bill Gates owns Microsoft;
Mark Zuckerberg and friends own Facebook,
etc.
These guys are bottomless moneybags. No
disputing that. They have done their selves
some good by coming up with some ideas and
making money from them. The
entrepreneurship advocates therefore have in
them fantastic examples to draw from in their
self-employment sermonizing. But that is where
it ends.


The self-employment preachers in Nigeria, good
as their intention is, are however beginning to
go off the mark. And this is where my problem
with them lies. There is a dangerous trend of
demonizing paid employment in the thriving
business of self-employment advocacy. Every
Ade, Ada and Adamu that can string two words
together has turned into self-employment
preacher and the fad is to demonize paid
employment. Being in salaried job, to them, is
slavery.

First, our self-employment advocates
oversimplify things and sometimes when you
listen to them or read what they write, you
begin to wonder why they are not Dangote
themselves. To be sure, I don’t have a problem
with self-employment preachment; indeed, it is
my ultimate goal too to own companies and
businesses too, on full time basis. I also hold
that being self-employed, if one gets it right, is
better than being under someone else’s control.
But is everyone cut out for being self-
employed? Capital NO.


This is why I think in the process of advancing
their advocacy, salaried jobs should not be
demonized. I don’t believe salary job is
necessarily slavery. I also don’t hold that you
cannot be rich with paid job. You may not be
as rich as Dangote or Adenuga, but if you work
hard to become CEO of Shell Nigeria (a salaried
job), for instance, I doubt your next generation
can ever be poor. Not everyone will be as rich
as Dangote, but with a dint of hardwork,
becoming a manager in a decent company can
earn you decent saving, and with sensible
investment (preparing for retirement), you can
live a satisfactory post-salary life.


I have seen some young graduates and
prospective graduates vowing they can never
work for anyone and they will go straight into
entrepreneurship. Good one, if you have the
idea. But managing businesses most times
goes beyond the theories we read in those
materials and the smooth talk of the self-
employment advocates. Apart from the
constraint of raising capital to fund the idea,
there is an even more critical factor in
management. Most times if you have never
worked for any other person, you may find it
difficult in running your own businesses.


Fola Adeola and Tayo Aderinokun founded GTB
after working for other banks; Aig-Imoukhude
and Herbert Wigwe apprenticed with GTB
before breaking out to found Access Bank.
Most of these guys cut their management
teeth working for someone else. This is why I
hold that learning by being under someone
else’s employ is most times helpful. Of course,
I have not said it is necessarily the case. It is
very possible to go straight into one’s business
after finishing school and still go ahead to
make it big. Aliko Dangote is an example here.
He started straight away.
So, oh you self-employment preacher, before
you tell me I am a slave for choosing the path
of salaried employment (for now), know you
that the CEO of Shell is a ‘slave’ to Shell. I
want to be one.

www.jarushub.com/excuse-me-mr-self-employment-advocate/

Cc lalasticlala

darqly:
Exactly why most entrepreneurs that have little or no background in structured employment fail
How can dream of waking up WHENEVER you like or going to your place of business WHENEVER you please? That's not self employment, it's indiscipline and if you decide upon entrepreneurism primarily for these fallacies, you're on the fastlane to bankruptcy, failure and disappointment.
You are NOT your own boss as an entrepreneur; The customer is your BOSS. If you have no customers, you have no business. They don't care what title you bear- CEO, Founder, Director, COO, BOSS, ETC
Without most of the qualities mentioned above, and a solid service or business idea, all the capital in the world will not do you any good. Build yourself and your business first, find customers by ALL means, sell something to them and make sure they come back AGAIN. If they complain, LISTEN and take action. People that have money will look for you to invest EVENTUALLY.

ibrahym47:
Wats ur conclusion sir

Jobyruz:
Be a civil servant for a century,you will eventually retire to be self employed,easier for pple with the capital,hustle for the civil servant to assemble capital

Mznaett:
In addition to what the op has already stated. I think been an enterprenuer demands certain skills like:

Autocratic leadership skill
Democratic leadership skill and
Laisser leadership skill

And as an enterpreneur one of the above is needed

N/B Before going into that business there are certain attributes an enterpreneur must possessed like:
1.Goal oriented: An enterprenuer should be able to set objectives like
Where you are
Where you want to go
What to do to achieve it
2. Persistent: Without the spirit of persistence you can't be an enterprenuer. There are periods of difficulties so expect that there's always a way out
3: Seeking for feedback: Always seek for feedback by making findings and also make corrections by measuring your level of performances
4. Initiative: As an enterpreneur you should be creative. Have the ability to creating something new
5. Risk taking: We all know what this means lol

N/B In paid employment the idea of the employed is consumed in the enterprise cuz nobody reckoneds his contributions EVEN if they do the owner of the business may not even allow him to exhibit his talent and this is one of the problems of over reliance of wage employment
Just my lil contribution though