₦airaland Forum

Jayten:
Nonsense!!!! So u think everybody will be entrepreneurs or what. Not all will be entrepreneurs and not all will work under somebody.

Please no offense to the graduate as I am one. Not everyone can be an entrepreneur. But my point is if you have graduated, searching for work for some years, you must bear with the reality on ground.
If five or six of the points raised above affect you, getting a job will be difficult you should look the other way that is creating job opportunity yourself.

.

Booked

true talk.......

Thanks for this piece OP. I'm a graduate too and currently havin my NYSC programme and finishin by September ending. Plannin to set up a gas retail biz immediately after service, Is the business lucrative as well? Cos I've been learning the business for some months durin this my service year now.

timilehing:
You need money to start your own business

Stop making things look complicated. The richest people are not those with the fattest bank accounts, but those who manage and profit from other people's wealth. And believe me, only the myopic minded think all wealth translates to cash.

these are the kind of posts that should be making front page not every time snake and graphic pictures(that make you think death is coming for you). This why I joined nairaland... op God bless you for the post... I am a student and I am thinking of starting a business.. do you have any ideas on how I can sought for capital?

realunclej:
Excuse #1. You need idea to start business not money. That was the lesson I learnt when I attended a business seminar with Prof. Izedomin of Accounting in Uniben and Pastor Sunny Ojeagbase both successful business men. So far, all the business I had ventured into, I have spent little or nothing to get started. Where I had spent money, it is largely from savings, family or converting asset I don't need for now. So, you will need to build your entrepreneurial skill and recap your thinking faculty to come up with a business opportunity to get started.

Wow! Uniben product. Nice one bro. Prof. Izedonmi is really a great man.

good write up Entrepreneurs pays

Thanks to this writer and that's why we in Ostada Resource and Services has made it our commitment to post and train Nigerians to different company that are in need of work force. You can drop your Curriculum Vitae to us via our email "ostadaresource@gmail.com"
We are still on Lagos recruitment but will soon move to every other states in Nigeria soon

Ontarget:
Why would companies be in Nigeria and be demanding for Harvard certificates? They should better pack to those places with the Harvard certificates and skills.

Back to main topic, of course we all want to start our businesses, but everything involves money. Starting a business is not free. OP should better tell us how to raise funds rather cos that would be a better info to many people.

I think having a simple, workable & realistic plan is more important than money. At least in the beginning.

The real big business you want to end up with may not be the one you begin with. But you learn the ropes with a smaller business. People like Coscharis began simple and branched out.

Most people added oil & gas to their business much later, and eventually got very rich from it.

Most people think having millions at once is the only way to start. No.

And remember something important: you might even fail in first or even second attempt. Especially with the business climate in 9ja that can be quite harsh at times. Successful business people are just those who persevered.

It is so wrong to raise such epistles like this that are so defining and full of generalisations. Many graduates have all those things you mentioned above. Many self employed workers are also groaning under the recession. I would agree that being self employed is one sure way of being really rich. You earn without restriction or any cap on your income. It is also so flexible etc. But some graduates are still well needed in service and production sector. I am working, yet have side business to augment, just like many out there. This is generally a period of recession.

realunclej:
Excuse #1. You need idea to start business not money. That was the lesson I learnt when I attended a business seminar with Prof. Izedomin of Accounting in Uniben and Pastor Sunny Ojeagbase both successful business men. So far, all the business I had ventured into, I have spent little or nothing to get started. Where I had spent money, it is largely from savings, family or converting asset I don't need for now. So, you will need to build your entrepreneurial skill and recap your thinking faculty to come up with a business opportunity to get started.

The truth is, little or much, you still need money to start!

Depending on your certificate for a job will make you a Slave for many years in the endless rat race.

Owning your own business will set you free.

The problem with 95% of graduates is they lack a clear thinking faculty. Partying and movies occupy their minds 80% of the time.

You don't need money to own a business. First you need an idea. Then money will come.

trueking:
I concur, but not entirely, I need the job to raise capital for the business, savings=investment.

Yes sometimes it is possible to raise money for business from your savings. But now we are talking about the reality on ground. There are many good business you can start with little or no money. But for your business to give you the return you want, it must solve a basic need of man. If you look at my post, I suggested ever green products and services. Look at all of Dangote investment that is the industry he is mostly targeting.

maximunimpact:
God bless you OP, about a year ago i left bank job to venture into blogging, my family nearly labelled me a mad man, today i rank among top 100 bloggers in Nigeria. Living a better fulfilled life than when i was working in the bank. It's all about been decisive and realistic. @OP God bless you.

I can kiss your comment. That is what I am trying to point out. Of course I know that many people go through that lane and fall by the wayside not because the venture is bad but because they do it the wrong way. As a certified blogger I know that quite well.

Opistorincos:
@op,this came at the right moment, I'm about to graduate with a below average result and my parents are not really encouraging, I've been thinking of a business to venture into after school but I havent got the slightest idea. Can you help out with one? I have interest in tech related stuffs

What are your skills?

coolniyi99:
Depending on your certificate for a job will make you a Slave for many years in the endless rat race.

Owning your own business will set you free.

The problem with 95% of graduates is they lack a clear thinking faculty. Partying and movies occupy their minds 80% of the time.

You don't need money to own a business. First you need an idea. Then money will come.

Many self-made Millionaire are out there on the street looking for jobs that are not there. It is unfortunate. My point is you should sit down in a quite place and think about what you want from life and what are you willing to give to get it.

realunclej:
In all my life, when it comes to source of income, the only thing I have not done is work for anyone in a 9 to 5 job. I made that decision long before I went for higher institution. I could remember my dad telling us that he is sending us to school to acquire academic knowledge but that if we want to succeed financially in life, we should be thinking of starting our own business. Those were my guiding words all my year in school. So, while in school, I made sure I had a profitable business. In fact, it was the proceeding I used to see myself through and even start a better business after graduation. Today, I have a couple of businesses and I still have bigger dreams. I can't thank my dad enough. Maybe today, I would have been roaming the street looking for job.

If you are a graduate and you are looking for job/employment, honestly, there are at least 10 reasons why YOU will not get a job. So, I will advise you should start building your capacity to start your own business. Below are 10 reasons why you will not get a job.

1. You Lack The Required Skill. Employers continue to complain about a dearth of skills among graduates. Employers are obviously tired of seeing same set of individuals with same set of qualifications springing up for interviews daily whereas they are in need of someone that will stand out. So ask yourself, what employable skill do I have?

2. You Lack Personal Capability To Deliver: I think many graduates believe in their certificate and not in their individual capability which would make or mar their pursuits of employment. Many lack self-development and I belief you belong to that category. What have you done since you graduate to develop your personal capability?

3. You Are A Product of a Bad Educational System: Poor funding and management of our Educational system in addition to strike has made our institution products a laughing stock. In fact, the curriculum of some studies in the institutions are not in demand. Failure of school curriculum to place emphasis on practical concepts of entreprenuership and too much emphasis on theoretical education than entreprenuership exposure is a major problem.

4. You Can't Meet Employers’ Unrealistic Demands: Employers stating job experiences as much as 3 years for fresh graduates. Age restriction, height, gender, language and many more, under these tense conditions, hardly will you see a graduate that will scale through and qualify for job application requirement except those who want to cross-carpet..

5. Lack of Digital Skills: In this digital age, if you lack the digital skills and creativity to thrive in relation to your profession, you will surely be chasing a ghost if you are looking for a well paying job.

6. You Are One of the Educated Illiterates: Every employer wants beyond just a certificate. Every employer is out to employ someone with reasoning and intellectual might, not someone who cannot play with a full deck. Someone who knows how to and wants to learn more than what they studied in school and on the job. Someone who can readily bring ideas to the table on how the company can forge forward. Not someone with low reasoning capability who won’t even be able to answer extremely trivial questions. But guess what, that is what many of our graduates are.

7. You Want The Pay But Not The Work: Many Nigerian graduates think of getting employed today and get a car or probably buy a mansion in the next month, based on their salary. You and I know that such only happen in dreams. Success is built over time and with hard work, perseverance, dedication and being focused over the years. Are you willing to make the sacrifice?

8. Too Much Ego With Empty Pocket: I have had the privilege to present some business opportunities to some graduates and all they can say is they can only do administrative work where they sit in an office to be answering yes sir or yes ma. It took someone who is not a graduate to embrace the same opportunity. Today these uneducated persons are 50 times better than the graduate in terms of personal capability, income, value and the caliber of people in their connection.

9. Companies Are Downsizing: I remember visiting a couple of industrial estates in Lagos recently. You will see busy security men at the gate, but when you approach them that you want to go in, they will tell you the company has folded or the workers are on strike. The story is the same across the state and I belief same thing is happening in other part of the country.

10. There Is No Job Out There: Investors are not bringing in money which means no new job opportunity is being created. There is economy recession in the country. Even the companies that are retrenching, what do you think will happen when they become financially buoyant again. I can bet they will simply recall their sacked workers. The reason is simple, it cost more to hire a new staff than to recall an old staff. So, where will you be then?

The Way Forward
The only way forward I see is for you to start something on your own. Do not despise small beginning. If you are going to start a business though, I will advise you focus on evergreen product or services. Those that are always in demand such as Agriculture, Health, Real Estate, ICT, Environmental services, Retail, Travel, Real Estate and maybe some few more. If you embark on this journey to discover your true potential, I pray for your SUCCESS but if you go down the popular path of seeking for job, I wish you lUcK.

abeg i wan ask u qwestion, d money u used in starting business u pick am for ground?

nonjebose:
It is so wrong to raise such epistles like this that are so defining and full of generalisations. Many graduates have all those things you mentioned above. Many self employed workers are also groaning under the recession. I would agree that being self employed is one sure way of being really rich. You earn without restriction or any cap on your income. It is also so flexible etc. But some graduates are still well needed in service and production sector. I am working, yet have side business to augment, just like many out there. This is generally a period of recession.

I am happy for you because you have a job and a side business. But the sorry state of many graduate is disheartening. It is time to call a spade a spade and move on from slavery of thought to 9 to 5 jobs. Many of the sectors you are saying, Nigerian graduates do not have the skills to function in those capacity. I stay in an area in Lagos where you have a lot of foreign expatriate. What most of the companies do is employ foreigners as expert and employ Nigerians as labourers. i mean Nigerian graduates.

I have an online referal business. You have to upgrade with 1k to be a premium member. When you invite your friends and they register and upgrade with your i.d you get 50% of their upgrade fee.
Note: you get N500 bonus as a signup bonus.
Payment is in Naira.
Email donclintofficial@gmail.com for more details.
Happy sunday.

timilehing:
You need money to start your own business

not really. First of all acquire a skill. Partner with someone. He or she my need ur skills and u need the finance. From there u start climbing the ladder of success.

[quote author=realunclej post=48462022]In all my life, when it comes to source of income, the only thing I have not done is work for anyone in a 9 to 5 job. I made that decision long before I went for higher institution. I could remember my dad telling us that he is sending us to school to acquire academic knowledge but that if we want to succeed financially in life, we should be thinking of starting our own business. Those were my guiding words all my year in school. So, while in school, I made sure I had a profitable business. In fact, it was the proceeding I used to see myself through and even start a better business after graduation. Today, I have a couple of businesses and I still have bigger dreams. I can't thank my dad enough. Maybe today, I would have been roaming the street looking for job.

If you are a graduate and you are looking for job/employment, honestly, there are at least 10 reasons why YOU will not get a job. So, I will advise you should start building your capacity to start your own business. Below are 10 reasons why you will not get a job.

1. You Lack The Required Skill. Employers continue to complain about a dearth of skills among graduates. Employers are obviously tired of seeing same set of individuals with same set of qualifications springing up for interviews daily whereas they are in need of someone that will stand out. So ask yourself, what employable skill do I have?

2. You Lack Personal Capability To Deliver: I think many graduates believe in their certificate and not in their individual capability which would make or mar their pursuits of employment. Many lack self-development and I belief you belong to that category. What have you done since you graduate to develop your personal capability?

3. You Are A Product of a Bad Educational System: Poor funding and management of our Educational system in addition to strike has made our institution products a laughing stock. In fact, the curriculum of some studies in the institutions are not in demand. Failure of school curriculum to place emphasis on practical concepts of entreprenuership and too much emphasis on theoretical education than entreprenuership exposure is a major problem.

4. You Can't Meet Employers’ Unrealistic Demands: Employers stating job experiences as much as 3 years for fresh graduates. Age restriction, height, gender, language and many more, under these tense conditions, hardly will you see a graduate that will scale through and qualify for job application requirement except those who want to cross-carpet..

5. Lack of Digital Skills: In this digital age, if you lack the digital skills and creativity to thrive in relation to your profession, you will surely be chasing a ghost if you are looking for a well paying job.

6. You Are One of the Educated Illiterates: Every employer wants beyond just a certificate. Every employer is out to employ someone with reasoning and intellectual might, not someone who cannot play with a full deck. Someone who knows how to and wants to learn more than what they studied in school and on the job. Someone who can readily bring ideas to the table on how the company can forge forward. Not someone with low reasoning capability who won’t even be able to answer extremely trivial questions. But guess what, that is what many of our graduates are.

7. You Want The Pay But Not The Work: Many Nigerian graduates think of getting employed today and get a car or probably buy a mansion in the next month, based on their salary. You and I know that such only happen in dreams. Success is built over time and with hard work, perseverance, dedication and being focused over the years. Are you willing to make the sacrifice?

8. Too Much Ego With Empty Pocket: I have had the privilege to present some business opportunities to some graduates and all they can say is they can only do administrative work where they sit in an office to be answering yes sir or yes ma. It took someone who is not a graduate to embrace the same opportunity. Today these uneducated persons are 50 times better than the graduate in terms of personal capability, income, value and the caliber of people in their connection.

9. Companies Are Downsizing: I remember visiting a couple of industrial estates in Lagos recently. You will see busy security men at the gate, but when you approach them that you want to go in, they will tell you the company has folded or the workers are on strike. The story is the same across the state and I belief same thing is happening in other part of the country.

10. There Is No Job Out There: Investors are not bringing in money which means no new job opportunity is being created. There is economy recession in the country. Even the companies that are retrenching, what do you think will happen when they become financially buoyant again. I can bet they will simply recall their sacked workers. The reason is simple, it cost more to hire a new staff than to recall an old staff. So, where will you be then?

The Way Forward
The only way forward I see is for you to start something on your own. Do not despise small beginning. If you are going to start a business though, I will advise you focus on evergreen product or services. Those that are always in demand such as Agriculture, Health, Real Estate, ICT, Environmental services, Retail, Travel, Real Estate and maybe some few more. If you embark on this journey to discover your true potential, I pray for your SUCCESS but if you go down the popular path of seeking for job, I wish you lUcK.
[/quot

Are aware You wrote this article because of me! Thanks nice write up...

yaki84:
abeg i wan ask u qwestion, d money u used in starting business u pick am for ground?

I learnt some valuable lesson from some of the business seminars I have attended before. One of the point was to use other people money to raise money. That is what the company that go for public listing in stock is doing. In fact that is what Dangote and other big guys does most time. You can argue that you are not in their level. Yes but you can start at your own level. Most of my businesses, I charge up front at least 60% of the cost and get the rest before I finish the job.

[quote author=onward4life post=48465295][/quote]Thanks. I wish you SUCCESS in whatever you are planning there.

No wonder most of our youths are jobless. Smart way to start up ur biz. All u need to do is acquire a skill. Partner with some one who will support the business financially. And u support it will ur acquired skills. From there u can raise something to set up ur own personal business. Am posting from experience.

muller101:
not really. First of all acquire a skill. Partner with someone. He or she my need ur skills and u need the finance. From there u start climbing the ladder of success.

That is perfectly another way to look at it. I can kiss the comment. In fact I am liking it right away. Many of us have some solutions, let's help one another.

muller101:
No wonder most of our youths are jobless. Smart way to start up ur biz. All u need to do is acquire a skill. Partner with some one who will support the business financially. And u support it will ur acquired skills. From there u can raise something to set up ur own personal business. Am posting from experience.

I just love this. Thanks for sharing.

Opistorincos:
@op,this came at the right moment, I'm about to graduate with a below average result and my parents are not really encouraging, I've been thinking of a business to venture into after school but I havent got the slightest idea. Can you help out with one? I have interest in tech related stuffs

how good are u in tech related stuff

O.P , Thanks 4 telling them the truth.

The Issue here is that Nigeria is a BIG JOKE, A BIG SCAM,

AND A FOOLS PARADISE, cuz 2 me these tins only happen

in fools paradise.

PEOPLE SPEND THEIR PRECIOUS YEARS IN THE HIGH INSTITUTION ONLY 2 COME OUT AND REALIZE THERE ARE NO JOBS.

THE FEW JOBS ARE ALREADY ALLOCATED 2 D FEW CONNECTED ONES.

AFTER ASUU STRIKES AND ALL KINDS OF WAHALA, ONES PRECIOUS TIMES ARE GONE.

THOSE WHO DID NOT SEE THE FOUR WALLS ARE THE ONES SERIOUSLY MAKING IT HERE.

SO , O.P , I CONCUR WITH U ON CERTAIN GROUNDS, BUT U DID NOT EXPLAIN HOW THOSE WHO DOESN'T HAVE ONE NAIRA AS A GRADUATE SHOULD START THE BUSINESS OR ENTERPRISE . WILL THEY SELL THEIR FATHERS HOUSES ?

OR SHOULD THEY USE IT AS COLATERAL WITH NIGERIAN BANKS.

HA ! HA ! WAHALA DEY

ON THE OTHER HAND , A GOOD FRIEND OF MINE WHO IS A GRADUATE IS HELPING HIMSELF AS A COMPANY TRUCK DRIVER .

ONE HAS TO USE HIS BRAIN IN THIS PRESENT NIJAA ! !

MARXWELLERR247

geraldgiz:
how good are u in tech related stuff

Not extremely good but on a scale of 1-10 I'll say 5. You can checkout my blog www.eodob.com