From my assessment, OPAY is most likely one of the greatest disruptions that will happen in Nigerian ICT, e-commerce, e-services, and Banking industry. The company is driving this disruption through Business Model Innovation. Let's look at Oride, for example. 70% of people that use okada in Nigeria fall into the middle and the low class … Continue reading WHAT IS OPAY UP TO?
Patience - More than A Virtue For a successful entrepreneur, patience is not just a virtue; it is a lifeblood. You are going to need a whole lot of it. When I was an undergrad, my lecturer would tell us in class: "As a food scientist and technologist, you don't need to look for a … Continue reading THE MAKING OF A SUCCESSFUL ENTREPRENEUR – PART 6
You need to be "CRAZY" Yes, I mean CRAZY. You need to be "crazy" to be a successful entrepreneur, because you have to think and act outside the box sometimes. Come to think of it, if it's going to be so simple to solve, why would anyone pay you to solve it for them, when … Continue reading THE MAKING OF A SUCCESSFUL ENTREPRENEUR – Part 5
Read the previous part here HOW TO BE SENSITIVE There are several ways to open your eyes to business opportunities around you. I will just mention two: First, listen to people's complaints. This is the best way to know what bothers people in society. Fortunately, we live in a country where people spend too much … Continue reading THE MAKING OF A SUCCESSFUL ENTREPRENEUR – PART 4
SENSITIVITY I am an agribusiness expert. I have an unquenchable passion for making food available and affordable to everyone. Through the years, I've had several people come to ask me for business ideas they can start in agriculture. The problem with the request is that most of the times, it is not the business idea … Continue reading THE MAKING OF A SUCCESSFUL ENTREPRENEUR – Part 3
Who Is An Entrepreneur? It's a good thing to start with a clarification of who an entrepreneur really is. The words entrepreneur and entrepreneurship are buzzwords currently. There are several definitions by different people. My goal in this series is not to bore you with some academic jargons, but to simply show you what I … Continue reading THE MAKING OF AN ENTREPRENEUR – PART 2