Entrepreneurship? Build Systems & Processes

Entrepreneurs design, build and run businesses. As one you must be able to create systems on how the businesses will run successfully.
 
Don’t let people deceive you that entrepreneurship is not for everybody, everyone has the capacity in them to build businesses that’s how God made us. Its either you are building your own businesses, or you are helping someone build the ones they have founded (Intrapreneurship). That’s what entrepreneurship is all about.
 

On systems

Entrepreneurship is not easy but its worth it. To make it easy, you need to start building systems and processes either before you start or immediately you start, systems help your business to run even when you are not there.
Don’t build the business around you but build it around your customers and the team.
 

People & trust

Train your team so you can trust them, don’t employ people because you want to trust them, let people earn the trust by their contribution into the business.
 
If you have been running your business for more than two years and you can’t take a stroll, and nothing gets wrong? Then know that you are doing something wrong and be sure that even after 5years without you the business will still fail.
 
I developed systems even before I started any of my businesses. Systems and processes are the surest proof you need to sustain your business beyond you.
 
To your success.
 
Lawrence Obi

Why You Should Start A Business In Nigeria

There are lots of opportunities in Nigeria, but most Nigerians don’t see it, instead they see problems and the compounding challenges we face daily. Yes, these challenges are real, but they don’t change the fact that they are problems waiting for us to fix. While we complain other nationals troop into Nigeria to fix some of the issues and milk us at any price, then we have no choice but to pay.

some reasons you should start a business in Nigeria

  1. The Tech space in Nigeria is rapidly growing and this have been recognized even by Facebook. Facebook recently opened their office in Lagos Nigeria in partnership with CCHub Lagos to promote tech innovation. If you are a tech innovator don’t just sit and wait for who will help you go to these places with your ideas and you will be fine. We also have tech innovation centres all over the country, look for them and pitch your ideas there.
  1. Biggest Market in Africa with a population of over 180million people and still growing. If you don’t see these numbers as money then you must be blind. People exchange value for money, so if you see this population as a problem then you will always remain where you are and keep complaining. Some foreign investors are seeking ways to increase investments in Nigeria knowing that this is the next big market in Africa as competition in western world are getting very strong and tough every day.

    “Recently MTN South Africa mopped up shares of MTN Nigeria.  Others who have increased their investments in Nigeria include wal-mart, Glaxosmith UK and  many others.”

  1. Heavy economic and social infrastructure deficit: In Nigeria just look around you, you see nothing is ever enough to run all the population we have. Even in the next 10 years we will still be needing more infrastructures and other amenities due to our population and growth. Our growth rate is higher than our development and it’s very difficult for us to catch up, even government budget does not show a plan to cover this huge gap we have. At least we need to close for the existing people now talk more of planning for those coming in the next 10 years, you see why it’s difficult?
  1. Heavy reliance on imported Items: even with the made in Nigeria drive by the government, our demand for items made abroad is still very high, even for agricultural products we still import as we are yet to even produce enough for local consumption, remember population keeps growing, so much opportunities in agriculture and export. I will also say since importation is huge, there are also massive opportunities in this area.

In Nigeria we need solution for almost everything, from education, power, manufacturing, agriculture, health, water, waste management, transportation, security etc, the list is endless, and this means a lot opportunity for all of us, no business in Nigeria have been able to solve the numerous challenges we face daily.

Nigeria has these opportunities and as a Nigerian you only need to think and open your mind to the opportunities.