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10 Things No One Will Tell You About Being An Entrepreneur - Business (2) - Nairaland

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Re: 10 Things No One Will Tell You About Being An Entrepreneur by omoadeleye(m): 8:27am On Oct 24, 2018
Bb
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Shehunoshewhat: 8:34am On Oct 24, 2018
ExpiredNigeria:
10). You Probably Still Won’t Get Rich:

We just struggling with hope for the best and expecting the worst...

Hmmmn

On my way to work this morning I was wondering how many entrepreneurs can make a net income of 1.5m monthly. I know many people who earn that. And they are not even in top management.

The day I saw the MD/CEO of a very popular IT company desperately eye the job of a Microsoft employee in Nigeria, reality began to set in.

It is well.

1 Like

Re: 10 Things No One Will Tell You About Being An Entrepreneur by 3rdeyeNigeria: 8:39am On Oct 24, 2018
I personally recommend this FREE course on Entrepreneurship for every entrepreneurs, especially start-upers.

The Entrepreneur-

https://www.unef.africa/free-courses
Re: 10 Things No One Will Tell You About Being An Entrepreneur by qanda: 8:46am On Oct 24, 2018
I quite agree with the OP. For entrepreneurs and prospective entrepreneurs read useful resources that will help you grow your business on Q and A App.

Download Q and A App from Google Playstore
Re: 10 Things No One Will Tell You About Being An Entrepreneur by tunary(m): 8:54am On Oct 24, 2018
jist2day:
Network marketing business usually takes 6 months to 2 years to build and stabilize. That shoots you to financial independence.
I provide trainings for all those interested in the Network Marketing Industry
What is network marketing
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Doerstech(m): 8:59am On Oct 24, 2018
You will miss your regular PAY-CHECK
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Doerstech(m): 8:59am On Oct 24, 2018
yOU WILL MISS YOUR REGULAR PAY-CHECK
Re: 10 Things No One Will Tell You About Being An Entrepreneur by iamdebby(m): 9:04am On Oct 24, 2018
This is so on point. ....Can relate easily to this.
Kudos!!!
Re: 10 Things No One Will Tell You About Being An Entrepreneur by daimsy(f): 9:49am On Oct 24, 2018
The points are so true.
I am into network marketing passionately.
I know what It is...
Not giving up!

1 Like

Re: 10 Things No One Will Tell You About Being An Entrepreneur by DaddyBen009: 9:51am On Oct 24, 2018
ExpiredNigeria:
10). You Probably Still Won’t Get Rich:

We just struggling with hope for the best and expecting the worst...
How can you turn the feeling around
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Darkseid(m): 9:56am On Oct 24, 2018
Shehunoshewhat:


Hmmmn

On my way to work this morning I was wondering how many entrepreneurs can make a net income of 1.5m monthly. I know many people who earn that. And they are not even in top management.

The day I saw the MD/CEO of a very popular IT company desperately eye the job of a Microsoft employee in Nigeria, reality began to set in.

It is well.
For every one employee that earns 1.5m monthly, there are 200 entrepreneurs that earn the same. Look around you, how many of the houses in your area were built by salary earners.

5 Likes 1 Share

Re: 10 Things No One Will Tell You About Being An Entrepreneur by TissuePaper: 10:03am On Oct 24, 2018
Darkseid:

For every one employee that earns 1.5m monthly, there are 200 entrepreneurs that earn the same. Look around you, how many of the houses in your area were built by salary earners.
exactly
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Nobody: 10:03am On Oct 24, 2018
Darkseid:

For every one employee that earns 1.5m monthly, there are 200 entrepreneurs that earn the same. Look around you, how many of the houses in your area were built by salary earners.
I tire o
Re: 10 Things No One Will Tell You About Being An Entrepreneur by ivanG07(m): 10:48am On Oct 24, 2018
You make my day,tnx.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by missionmex(m): 11:04am On Oct 24, 2018
ExpiredNigeria:
10). You Probably Still Won’t Get Rich:

We just struggling with hope for the best and expecting the worst...
expecting the best, preparing for the worst.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Lighthammer(m): 11:26am On Oct 24, 2018
anyone who can help with a scheme in Nigeria that gives out loan to students for businesses without collateral?
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 12:02pm On Oct 24, 2018
Darkseid:

For every one employee that earns 1.5m monthly, there are 200 entrepreneurs that earn the same. Look around you, how many of the houses in your area were built by salary earners.

Wonderful response!
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 12:10pm On Oct 24, 2018
Shehunoshewhat:


Hmmmn

On my way to work this morning I was wondering how many entrepreneurs can make a net income of 1.5m monthly. I know many people who earn that. And they are not even in top management.

The day I saw the MD/CEO of a very popular IT company desperately eye the job of a Microsoft employee in Nigeria, reality began to set in.

It is well.

Bentley, Porsche, Aston Martin, Rolls Royce, Lamborghini and the likes, which category of people can afford them? Salary earners? Except of course you are an Exec with stock options and many other benefits in a 'Fortune 500' coy.

Cc: darkseid

1 Like

Re: 10 Things No One Will Tell You About Being An Entrepreneur by Shehunoshewhat: 12:13pm On Oct 24, 2018
Yoighaman:


Bentley, Porsche, Aston Martin, Rolls Royce, Lamborghini and the likes, which category of people can afford them? Salary earners?

Cc: darkseid

Top salary earners can afford them.
Steve Ballmer was a salary earner with Microsoft.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Shehunoshewhat: 12:17pm On Oct 24, 2018
Darkseid:

For every one employee that earns 1.5m monthly, there are 200 entrepreneurs that earn the same. Look around you, how many of the houses in your area were built by salary earners.

Are you sure? Or you are just speculating or consoling yourself?

How many successful entrepreneurs have not compromised one way or the other on their quest for 'breakthrough'?
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 1:08pm On Oct 24, 2018
Shehunoshewhat:


Top salary earners can afford them.
Steve Ballmer was a salary earner with Microsoft.

I modified my comment early on..."except of course you are an Exec with stock options and many other benefits in a "Fortune 500" coy...."

Truth is not everyone is cut out to be an entrepreneur, some don't even want to be one, it doesn't interest them. A lot of people are high flyers in the corporate world earning large sums as salaries and bonuses which makes them rich, comfortable and happy.

The truth however remains that to be stupendously wealthy and leave a lasting legacy for your lineage, you have to be an entrepreneur. Without a need to check and confirm, I can categorically tell you that 90% of the top 200 richest people in the world are entrepreneurs.

We can have this discussion going for months but in conclusion, it's ok to be a salary earner but being an entrepreneur provides more opportunities, wealth and fulfilment for any individual. Like the other poster mentioned, look around your area and tell yourself how many of the houses are owned by salary earners, maybe 5-10%. You can start out as a salary earner with a plan to transition to entrepreneurship which is ok as well.

Food for thought: If someone pays you N1.5M per month, you will 'kill yourself' if you knew how much the business owner truly makes for himself (or themselves)

Cheers.

1 Like

Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 1:43pm On Oct 24, 2018
Shehunoshewhat:


Top salary earners can afford them.
Steve Ballmer was a salary earner with Microsoft.

Let us even limit it to Nigeria. 1.5M per month is 18M a year. Is that the kind of money you want to make? Let's even say you earn 4M per month, that's 48M a year, is that money?

Who are the highest paid salary earners in Nigeria? (Not the business owners themselves, I'm talking employee Managers here), most def MDs of Banks, Oil & Gas coys and Telcos? How much do they earn per month? Again, let's assume they make 20M per month (which I doubt, with the exception of a handful), that's 240M, is that money? Not the kind I aspire to make.

Can you become a billionaire as a salary earner in Nigeria? (Like you mentioned in another post "without compromising"
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Shehunoshewhat: 1:45pm On Oct 24, 2018
Yoighaman:


I modified my comment early on..."except of course you are an Exec with stock options and many other benefits in a "Fortune 500" coy...."

Truth is not everyone is cut out to be an entrepreneur, some don't even want to be one, it doesn't interest them. A lot of people are high flyers in the corporate world earning large sums as salaries and bonuses which makes them rich, comfortable and happy.

The truth however remains that to be stupendously wealthy and leave a lasting legacy for your lineage, you have to be an entrepreneur. Without a need to check and confirm, I can categorically tell you that 90% of the top 200 richest people in the world are entrepreneurs.

We can have this discussion going for months but in conclusion, it's ok to be a salary earner but being an entrepreneur provides more opportunities, wealth and fulfilment for any individual. Like the other poster mentioned, look around your area and tell yourself how many of the houses are owned by salary earners, maybe 5-10%. You can start out as a salary earner with a plan to transition to entrepreneurship which is ok as well.

Food for thought: If someone pays you N1.5M per month, you will 'kill yourself' if you knew how much the business owner truly makes for himself (or themselves)

Cheers.


What I am trying to tell you is that nothing goes for nothing.

It's possible to become highly successful and wealthy via a good career. And it's the easier way out too.

Are you ready to give it all it takes to be a 'highly successful' entrepreneur

If you know what most of the 'highly successful' entrepreneurs are into, you won't touch them with a 6 foot pole.
People dabble into a lot of shiiiit, you know.

Are you a Christian? Are you ready to compromise?

Entrepreneurs are making it no doubt, but it may be very hard tough for those who don't want to soil their hands and have heaven in view.

The solution: follow God's leading. If you are cut out for it by your Maker, everything will work out smoothly otherwise the person will suffer until he decides to compromise his soul.

Bitter truth.

Everybody should be at least an on the side entrepreneur though. I am one.

1 Like

Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 2:37pm On Oct 24, 2018
Shehunoshewhat:


What I am trying to tell you is that nothing goes for nothing.

It's possible to become highly successful and wealthy via a good career. And it's the easier way out too.

Are you ready to give it all it takes to be a 'highly successful' entrepreneur

If you know what most of the 'highly successful' entrepreneurs are into, you won't touch them with a 6 foot pole.
People dabble into a lot of shiiiit, you know.

Are you a Christian? Are you ready to compromise?

Entrepreneurs are making it no doubt, but it may be very hard tough for those who don't want to soil their hands and have heaven in view.

The solution: follow God's leading. If you are cut out for it by your Maker, everything will work out smoothly otherwise the person will suffer until he decides to compromise his soul.

Bitter truth.

Everybody should be at least an on the side entrepreneur though. I am one.


Well said but even in career, climbing to the top of the corporate ladder can be equally hard, (you see people who have been on the same grade level for years without a promotion), sometimes you also need to 'compromise', whether it's sleeping with your boss(es), throwing a colleague under the bus, currying favours, ass-licking, or outrightly going fetish.

To rise to the top in life is not an easy ride either as a career person or an entrepreneur, most important thing is to ensure you get to the zenith of your chosen endeavor against all odds with a sense of fulfilment (actualization) which tops Maslow's hierarchy of needs.

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Re: 10 Things No One Will Tell You About Being An Entrepreneur by prosperbwealth: 3:07pm On Oct 24, 2018
Op thanks for sharing. Really means a lot to clarify some interesting situations going on right now.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Shehunoshewhat: 3:11pm On Oct 24, 2018
Yoighaman:


Well said but even in career, climbing to the top of the corporate ladder can be equally hard, (you see people who have been on the same grade level for years without a promotion), sometimes you also need to 'compromise', whether it's sleeping with your boss(es), throwing a colleague under the bus, currying favours, ass-licking, or outrightly going fetish.

To rise to the top in life is not an easy ride either as a career person or an entrepreneur, most important thing is to ensure you get to the zenith of your chosen endeavor against all odds with a sense of fulfilment (actualization) which tops Maslow's hierarchy of needs.

Well, no need going back and forth. I have been in both shoes. I know how the cookie crumbles.

Whoever has the opportunity to get a good paying job should go for it. And from there aim for the top. Why suffer again after having burnt the midnight candle all through school and made a good grade

Not everybody can be a salary earner. But everybody can give entrepreneurship a shot.

May God bless our hustle.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Yoighaman(m): 3:49pm On Oct 24, 2018
Shehunoshewhat:


Well, no need going back and forth. I have been in both shoes. I know how the cookie crumbles.

Whoever has the opportunity to get a good paying job should go for it. And from there aim for the top. Why suffer again after having burnt the midnight candle all through school and made a good grade

Not everybody can be a salary earner. But everybody can give entrepreneurship a shot.

May God bless our hustle.

Amen.

Lastly, I have worn both caps as well. I left a high paying job (by any standard), when I left, my friends and family were unaware for over a year, only my ex-colleagues knew about my exit. I had no explanation for them for my leaving because they would say "something is definitely wrong in your head" and truly, they would have been right, I had no excuse to leave but you see, that unscrewed knot in my head is the desire to pursue my dreams, if it was about the money, I wouldn't have left but my leaving was hatched in a plan of over a decade, it wasn't sudden or unintentional. Destiny called and simply answered.

I wish you all the best too.
Re: 10 Things No One Will Tell You About Being An Entrepreneur by henrixx(m): 3:52pm On Oct 24, 2018
Another thing not to forget....

No one will tell you that you will fail. It's almost inescapable
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Nobody: 2:37am On Oct 25, 2018
elderken:
True Talk

Hello elderken. I want to do a 1 week vacation in Cotonou but I can't speak French.

Please can you recommend a trustworthy English language speaking guide to take me round Cotonou during my stay?
Re: 10 Things No One Will Tell You About Being An Entrepreneur by Alpha100(m): 4:31am On Oct 25, 2018
Re: 10 Things No One Will Tell You About Being An Entrepreneur by jist2day: 12:47pm On Oct 25, 2018
[quote author=tunary post=72364219] ??

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Re: 10 Things No One Will Tell You About Being An Entrepreneur by tunary(m): 6:22pm On Oct 25, 2018
jist2day:


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