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NURTURING AND GROWING YOUR BUSINESS IDEA PT 1

If I ask you; what product or new business are you going  to do? What would be your answer? What? You don’t know? Well the good news is you don’t  need to know. Many entrepreneurs started with blank sheet and the look around from a fresh angle on old ideas are a new twist on an exist one. With bits of research, talking to people, and going online. BAM!!!   They got it.

Now, it’s time to get practical, it time to help you find a way to imagine something now, different better.

Now I want you to breathe in, again, again and now breathe out. Relax you are going to enjoy this session.  Go and get a glass of water or cool juice to relax with. This is to create a pleasant environment. If at the end you say, I didn’t enjoy this part then it means you disobeyed at some point. So do the above and if you are on motion sit down quietly following the above   instruction before reading on.

IT IS TIME TO PONDER, REFLECT, AND CONTEMPLATE.

What talent do you have because we need it now? In building your business you need to look to your own talents. If you can do something with ease that other find difficult, and then you might be able to build business on it. This is first point.

Now look at that glass of juice of water that you kept by your side and say WOW! Do it passionately as if you own a lottery.

Having done that keep reading if you have ever d discounted your talent before just because it comes naturally, don’t again. Now for taking that decision grab that glass and sip a little. I said a little before you finish it. Sip it with passion again this time.

How was it? Enjoyable right? Now you have to be passionate about what you want to do or at least excited by it. If someone offers me $50 billion to learn how to sing professionally, I won’t because to me it’s waste of time and energy. Wait a minute, I will!! Who wouldn’t like to get that kind of money just to learn how to sing professional? But if the money is $100 I would rather write 100,000 posts than doing that because I don’t have the passion to same with another who loves dancing but hate readings. Now if you can’t stand don’t get into music and if you can stand computer, don’t get into software solutions.

No matter how profitable the idea may be, if you can stand customers stupid go for something questions. Don’t get into retail. Don’t say I didn’t warn you.

Sip the drink now and answer this question. What do you do well? Maybe you are a natural sales person, singer, actor, white witch of computer (whiz in computer). Or your natural love people or taking to them and giving advice, then you should be thinking of consulting.

As you ponder, reflect, and contemplate on what kind of business to build, make sure your business matches your temperament and also keep sipping you drink passionately when ideas hit your head and do well to write it d own. Feel free to ask me any question including the stupid ones. For now I will be running because I have some other people to attend to, we shall continue on the part 2 in my next blog. For now keep reflecting, pondering and contemplating.

 

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THE FEMALE ENTREPRENEUR

 Female entrepreneur? Well, I think that is fun because as never before, females are becoming a part of the entrepreneurial loom both here in Nigeria and worldwide. The reasons and contributing factors for this are numerous, but it is changing the fact f business. Even the bible had some women who thrived in business. Hope you allowed. So let me show you some example; in Acts 16:14, you can read it up but I will paraphrase it. It said, “And a certain woman named Lydia, a dealer in purple cloth.”

        This is interesting but here is another in Luke 8:3, “Joanna the wife of Cuza, the manager of Herod’s household:  Susanna and many others. These women were helping to support them out of their own means.” She was good.

Here is the fact, the 2006 Global Entrepreneurship Monitor (GEM). Report on women and Entrepreneurship revealed some interesting characteristics of women route to self-employment.

Female entrepreneurs worldwide are much more likely than their male entrepreneurs to start their own business when still employed. The question is does this have any benefit to turns of resources and social capital? The answer is yes it does and  not that, it acts as a safety net as  out female folks express less confidence in their entrepreneurial ventures than men.

The report showed that early stage entrepreneurship in women continues to grow globally although start up rate is still higher among men. Now if you are a man reading this, I want you to give THEM a cool SARCASM LAGHTER because we are still on top. They aren’t gonna catch up with us. Isn’t that right?

For the ladies no offense meant just relax and laugh back. It your turn because the report also that more than a third of people involved in entrepreneurial activity are woman. Here is the big blow that we the male folks gave them, the male/ female gap is still significant especially is high income countries and technology-intense sectors.

According to the National foundation for women Business Owners:

v Women-owned business produced more than and 16 trillion is annual sales.

v Women now own 36% of all US firms.

v Business owned by women has a higher survival rate than the average U.S business.

This is good news, isn’t it? If you are a female reading this good news for something blog say, “Yeeh! Yeeh! That’s Okay for before the male folks gets angry and that engagement will be lost.

Oh my! I have a business meeting to attend to but I need a glass of coffee from you to celebrate these women that had made it in business as entrepreneur that will come up on my next blog.  For now I need my cup of coffee.