Enterprise development targets Opportunity, Problems- VAM News

Life is defined by two things: Problems and opportunities. 

By: Olorungbotemi Tunde Bright 

Mega Employment Skill 2019

Insight is the greatest asset in the journey of life

• Give a man money he will soon finish it, but give him insight, he has an inheritance 

• Those who don’t sit down to learn today, should not expect to become masters tomorrow. 

So sit well

Business enterprise: Is composed of a number of entities, such as resources, people, activities, and products.

Unemployment is one of the most pressing economic and social 

problems facing the country.

 

It appears our brains become expired as soon as we graduated from the higher institutions.

Without access to one percent of western 

education, our ancestors processed cassava into garri, beans into moi-moi, grass into roof and wood into mortar for yam pounding.

Despite our privilege to western education, we have not done anything to improve on the invention of our ancestors. 

What a continental shame!! What a 

generational shame.

Life success is not a function of a university, polytechnic and colleges education. 

The hard truth is that there is no higher institutions either in this country or elsewhere which has developed any curriculum to teach students how to be financially free or successful, No university curriculum teaches wealth creation.

Dangote, Business enterprise guru

This is why it is not uncommon to see 

people with PhDs and Masters Degrees 

fail in business while many college drop-outs like Bill Gates (Founder of Microsoft), Larry Ellison (CEO of Oracle), Steve Jobs (CEO of Apple), Richard Branson (CEO of Virgin), and Michael Dell (CEO of Dell Computers), Alike Dangote(CEO Dangote plc)  Become creators of billion 

dollar empires.          

                             

Having a B.Sc. degree in Business Administration does not make you 

automatically a business owner.

But it can give you a common sense only if you open your eyes to see opportunity in people 's problem and provides a solution to problems.

Your life is defined by two things

There are only two things that will define you in life. 

These two things have defined generations before you, and they will define generations after you.

1. Problems

2.Opportunities.

Every life problem is an opportunity.

Successful businesses are born out of someone’s problem.

Do you know that Problems are income potentials ? 

Yes.

The problems of the world are your 

opportunities- think 

You Create opportunity by solving human problem- Action

Whenever you Solve human Problem, you 

create Business opportunities- Employer of labor 

The ownership of money and property comes as a result of solving human problems- A goal

MYTHS ABOUT BUSINESS OPPORTUNITY

No man is kept poor because opportunity has been taken away from him, or because other people have monopolized the wealth.

It is a mental laziness to think there is no more business to pioneer, there are problems every where begging for solution (even your street, community, local govt, state and Nigeria and diaspora)

Finally on this, You can only become wealthy and self-fulfilled by solving human problem and solving human problem guarantees Cash flow.

Golden rules says:

He who has the gold rules the world

VAM Nigeria refer paid employment as a servant/slave

Paid employment secret below...

You as an employee, you are creating a weath for somebody. 

Most profitable & productive prime time of your life will be spent for your employer if you choose to.

Employer determines where you live. 

(If you are in any paid employment).

Also, it may affect your children's education. (Parental status determines children's life).

Could you imagine that youths of nowadays or people of high intellectuals Inherited poverty from their father...  How?

For Example: Your father is teacher or head master in a government school (during his service year, he bought help me push ham "car", built a small house"probably 3 bed room) 

And after your school, he help you to secured a job at his former or working place, then you accepted it. 

You abandoned your own potential, vision and purpose in life.

When you starts getting rich faster than your pay, you will be a suspect and this image may likely to happen to you.

Corps members 

Employer needs you when you are young, but you needs them when you are old. If you have a same minds with me, the you want to be a philanthropist ,my people, you must be an employer not employee.

finally on this, I am not discouraging you that you shouldn't work for person but set a target and goals(Year duration). work to save some cash and have your own business or company or organization. 

when working with someone, make sure you also have another sources of income.

minimum wage 

So many employees look forward to pension. The undisclosed truth is that your pension will keep falling in value by reason of inflation and an employee’s capacity to earn salary income decline with age.

The New minimum wage of #30,000 is nonsense, what we need in this country is price regulations... Things should be cheap.

Paid employment will make you retiree or pensioner, an owner is an owner anytime, any day.

ESBI Of enterprise image

Employee –an employee earns money 

by holding a job and working for someone else or a company.

S- Self-employed or Small-business owner

the self-employed are people who earn money working for themselves, either as 

solo operators or through their own small 

business.

B - Business owner -a business owner owns a large business (typically defined as 50 employees or more) that generates 

Money.

I - Investor - investors earn money from 

their various investments—in other words, money generating more money.

What you needed to do now:

Business idea

First, a good business idea meets an 

unmet need in the market. 

The product or service that you offer must satisfy a customer’s unmet need. 

Second, a good business idea drives 

transactions. 

Whatever product you offer to customers, they must be willing to 

exchange their money for that product or service. 

The test of a good business idea is 

whether people will give up their money 

to get the products or services in enough 

numbers to keep operations going.

Ask yourself now ?

What business can I do? 

• Do I have passion for running such 

business?

• Do I have the strengths needed for this business to grow?

• How do I get money to start it?

RAISING CAPITAL FOR THE BUSINESS

Sources of Startup Capital:

• Personal Savings (Y=C+S)

• Friends and Family

• Grants 

• Users and Customers 

• Banks

• Equity financing 

• Debt financing 

• Venture Capital.

Business plan

My people, get a business plan and Not afraid of Risk.

Entrepreneurs are not immune to fear. But they prioritize their approach to life so that the fear of failure, frustration, boredom, drudgery, and dissatisfaction far outweighs the lingering fear of success.

Question

What will you do with N150,000 within 12 months from now,

Suggested action point

> Changed lives with it;

>Generated substantial revenue from a fast-selling product you developed using the money;

>Created at least two jobs; and Grown it to a value of at least N500,000 ?