Home Entrepreneurship What Young Entrepreneurs Should Consider Before Floating A business

What Young Entrepreneurs Should Consider Before Floating A business


Friends, life is not a race! Don’t spend your time struggling
with people you have no business with. You are part of the generation of
change, and you must be the catalysts.
First, let me ask ‘What
is Business?’

A Business can be
described as a company or other organization that buys and sells goods, makes
products, or provides services.
A Business can also
be a commercial activity that involves the act of buying and selling of goods,
services and, by extension, ideas.
Listen to me, starting
any business or entrepreneurial activity demands an unusual passion from you. It must be something you love
doing every time and which you are sure would not bore you easily. Besides, you
need not quit your job altogether. Try starting small and steady until you are
fully convinced that you can do it full time.
Pride often gives one a false sense of security even when
you have nothing to show for your effort. Therefore, you need to bury that
pride and stop looking down at opportunities as menial jobs. You need to
equally stop parading yourself as being too big for some jobs and perennially
reminding people around you that you are a graduate, otherwise there is tendency you
shall continue to help other people build their dreams to your own detriment. 
Personally, I think the problem lies in our orientation. We are always craving
to live like Mr A or Mr B. Sometimes, it is not always about money, it’s about
what you have upstairs and how enterprising you can be.
Consider the following scenarios…

     SCENE 1:

I remember an old classmate of mine. Ojeleke Ojeniyi was a mechanic way
back in Primary School. After we finished Primary 6, he couldn’t further his education with the rest of us
because of two factors – examinations failure & inability of parents to
pay for his tuition. By the time, we were through with our SS 3, Ojeleke
already has his workshop and two personal cars to his credit. 

Lesson Learnt: 

It doesn’t
matter where you are coming from or family background. God in His infinite
Mercy has not render anybody useless. You can get to whatever position you wish
in life if you make up your mind to. It is never too late. The DNA of any serious entrepreneur cannot be far from passion and

–   Have you been to the arrival and departure lounges of the Murtala Muhhamed International Airport before? What is your assessment of the scenery? Of course, as you may have rightly observed, there are equal measure of people arriving (even more) and departing the country. In summary, just when you think Nigeria is no longer your idea of a country with potential, investors from neighbouring African countries and the world at large are trooping in to invest. It depends on which angle you are looking at things from – whether the cup is half full or half empty.

Lesson Learnt:

Borrowing the words of – Swami Vivekananda: “Take up one idea. Make that one idea your life – think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.”
Don’t invest heavily in smart phones, Expensive cars, home theatre, LCD set and other flashy things while still squatting or living in one room.

     SCENE 3:
     Late Fatai Rolling Dollar has been releasing music records for close to three decades but was never recognised until he hit stardom with the hit-track “Won Kere Si Number Wa” at age 70. Age has nothing to do with it.

 Lesson Learnt:
–     Protect your future by investing your
time wisely. Don’t be seen frequenting pepper soup joints with your hard earned
money. I know some certain people who can spend N10,000 – N25,000 at one-go in
beer parlours
and contemporary could be riding flashy cars now, don’t get carried away. Just
follow your dream.
happens now and tomorrow, in truth, depends on YOU!
At this point, I like to say…


Excerpt of my speech during the youth empowerment programme organised by the Celestial Church of Christ, Lagos Mainland Branch
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Adebayo Folorunsho-Francis is a communicator, Journalist, blogger, business coach and, of course, a prolific writer. He has Dip (Journalism) and B.A. (History & International Relations) from the Lagos State University (LASU). The self-effacing young man has worked for national, regional and local newspapers. He had worked with THISDAY covered community news for ISLAND NEWS and corresponded with P.M. NEWS (evening tabloid). Presently, he is the editor of CITYPULSE MEDIA and senior correspondent of PHARMANEWS, West Africa foremost health and pharmaceutical journal.


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