- Babatunde Saheed Alao-Modibbo
We used to play, pretend give each other different names saying,
We will build a rocket ship and then we fly it far away, Used to dream bout outta space but now they’re laughing at our face saying Wake up you need to make money! (21 pilot)
We will build a rocket ship and then we fly it far away, Used to dream bout outta space but now they’re laughing at our face saying Wake up you need to make money! (21 pilot)
Money! Money!! Money!!! This five letter words is firmly embedded in the minds of all youths. We need money, we love money, we respect money, we adore money BUT it seems money hates us with passion. Money doesn’t love us, the moment it sees us, it takes flight and entangles us in never ending debts. It breaks our spirits and extinguishes a hope for a better tomorrow. There seems to be a fundamental flaw between our passion for money and our ability to make money, a kind of disproportional variation. We reason that the more we read and have better grades, the better our chances of securing a well paying job, thus earning money. But for many that have good grades and have failed securing well paid jobs, the popular jargon we hear is to start something – begin a small scale enterprise.
This article is targeted to those who have business ideas in mind and are about pursuing it or have pursued it, but are stuck midway.
Beginning a small scale enterprise is not as easy as it seems. It all begins with having a simple concept in mind, striving for, working and nurturing that idea until it yields into a profitable business. That simple concept, that breakthrough idea, that new innovation that serves as the crux of a business could be hatched at the middle of the kitchen, in our bedrooms, our toilets etc.
That doesn’t mean one is expected to be in the restroom in search of great ideas.
Success could and would only be achieved when one starts to pursue that business idea he has nurtured till he gets what he wants.
TAKE HEED that there certainly will be ups and down when one begins a business.
There will and certainly be losses, there will be debts, start-up capital shall never be enough, and all other hindrance continuance of the business. But know also, there will be profits. It might only take time but there shall be gain.
There is always a light at the end of every tunnel. As such, it is advisable to always have one’s mind fixed at the possibility of making losses than on profits at the outset of a business. This premise is based on two grounds one, some unforeseen circumstances might arise when starting a business that will make loss more feasible than gain.
The second ground is to guard against any psychological trauma that may arise from making loss. This to me is the most important premise because making loss at the beginning of a business is always terrible to many.
Having invested so much time, money, enthusiasm and resources into the project, the last thing they’ll ever imagine is a loss.
They can't bear it, they can't stand it, like a mother with her first kid, they can't imagine their little baby (business) is threatened with cholera (loss) at infancy. So when one expects loss at the beginning of a business, he would not be surprised if loss eventually comes. Conversely, if he makes gains, it will boost his morale to continue with the business. Either of the two ways, it’s a gain-gain scenario.
Also, one thing that is fundamental in a business is hope. Barak Obama in one of his speeches posited that hope is not blind optimism, it is working for, striving for what once seems impossible. A young entrepreneur MUST be willing to hope in the success of his business. He must have faith that his business would succeed and must never be undaunted by the initial failures of his business as he will only fail when he falls down and stays down.
Also, one thing that is fundamental in a business is hope. Barak Obama in one of his speeches posited that hope is not blind optimism, it is working for, striving for what once seems impossible. A young entrepreneur MUST be willing to hope in the success of his business. He must have faith that his business would succeed and must never be undaunted by the initial failures of his business as he will only fail when he falls down and stays down.
Conclusively, it must be stated that success in business is difficult but it is not impossible. Millions of companies are registered worldwide every year but less than 5% tend to be profitable. The remaining 95% just fizzle out of existence. For you not to be part of the remaining 95%, its time you take your destiny into your hands. Work hard, hope and have faith. You’re not different from the likes of Bill Gates and Jack Ma. Success is yours ONLY when you get the f**k up and start working!
