7 Things Entrepreneurs Can Do To Stay Motivated

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Making the decision to become an entrepreneur is a fearless step from being an employee of a business to the leader of your own business. One of the first challenges they are likely to face is that they no longer have line managers to set goals and deadlines for them. Therefore, the responsibility of inspiration and motivation becomes their personal task. This is where some entrepreneurs fall short. As such, these insights will help them stay motivated.

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1.Set goals and values

Entrepreneurs must have personal goals and core values. They must write them down, read them daily and even memorize them. These should serve as a regular reminder about their purpose for becoming entrepreneurs.

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2.Have a plan

Running a business without a plan can easily make them lose focus. They should evolve both short-term and long-term plans. This will help them have a clear understanding of what they want to accomplish and how they want to achieve it.

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3.Have a ‘me’ time

Entrepreneurs are very busy people. As such, it is possible that they will be consumed by work.  So, they should endeavour to set personal time during which they get out of the rut.

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4.Think of themselves as captains

Entrepreneurs are the captains of their ships and nobody will navigate that ship for them except they do. So, they should take solace in the fact that they own the business and they have to make painstaking efforts to run it.

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5.Connect with other entrepreneurs

This is not to say that you need to copy what others are doing. Instead, share ideas and get to know what keeps them motivated. This will definitely make them feel like they are on the right track with the support of other like minded entrepreneurs.

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6.Reward themselves

Being a business owner does not mean they should not reward themselves. As such, they should be prepared to reward themselves for accomplishing their set goals.

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7.Sleep

They should never underestimate the value of a good night sleep for personal motivation. A night of sound rest will re-energize them and significantly boost performance.

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The application deadline for Ola Ndi Igbo 2017 has been extended by a month!

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If you know anyone who has always dreamed of showcasing their innovations and inventions to potential investors and the public, they are in luck as the application deadline for the 2017 Ola Ndi Igbo Inventors and Innovators Fair has just been extended!

Entries were supposed to come to a halt today but the organisers has announced that there are now a month more to get your application in the running.

The Inventors and Innovators to participate in this event will be drawn from South East indigenes and residents. Indigenes of the South East must not be resident in the South East to participate, but non-indigenes must be resident in the South East to participate.

The new closing date is Saturday, November 18th. Log on to http://www.olandiigbo.net to apply.

It’s pretty exciting!

Ola ndi Igbo is a biennial convention of Ndi Igbos with the vision of celebrating our global best. The theme for the 2017 Summit is: ‘Revitalizing the Can-do Igbo Spirit: Showcasing Innovations and Inventions from the South East.’

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Despite the legacy of the Igbo people in education, science, technology and innovation, and the pivotal role that they have played in technology, innovation and inventions in Nigeria, the South East continues to struggle with high rates of unemployment, especially among youth and limited internally generated income to drive social and economic development in its five states – Abia, Anambra, Ebonyi, Enugu and Imo.

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In addition, the large and accomplished Diaspora populations in the United States and the United Kingdom are relatively disconnected, and the most successful citizens are not engaged in philanthropic and community development initiatives in the South East. As a result, the region continues to struggle with a relatively weak civil society and a non-profit sector that is unable to raise funds to scale high impact initiatives.

Hence Ola Ndi Igbo has provided a platform to foster a community of individuals of Igbo descent who are proud of their heritage and are committed to working collaboratively to promote the social and economic development of Ndigbo.

The event is slated for the 18th of December 2017 in Enugu State. For adverts and sponsorship, contact Rita on 09092403119 or rita@southsaharan.org

 

 

Continue reading The application deadline for Ola Ndi Igbo 2017 has been extended by a month!

Meet Malik Ado-Ibrahim – He is set to Introduce Electric cars into Nigerian market by 2018

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Malik Ado-Ibrahim is the chairman of Nigus Enfinity, an indigenous firm which is set to introduce electric vehicles into the Nigerian automobile market in 2018 and a local assembly plant for electric vehicles in 2020.

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Ado-Ibrahim said several countries across the world have set targets for the ban of petrol-fuelled vehicles with India targeting 2030, and the United Kingdom, 2040.

He said Nigeria and Africa need to look inward to be at the fore of the automotive revolution or risk becoming waste bin for banned vehicles from other countries.

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Ado-Ibrahim, who was the first African to lead the Formula 1 Team global race car competition in 1999, said his firm is already building a 100 megawatts (mw) solar power plant in Katsina and another in Adamawa state.

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According to him, the company has also partnered with Build Your Dreams, a Chinese firm, to import electric vehicles at affordable costs from 2018.

“We are also working with BYD to get a local brand and start an electric vehicle assembly plant for Nigeria from 2020. Gradually we will move to an EV with the African DNA starting in Nigeria,” he said.

In June, Elon Musk had unveiled the world’s cheapest electric car, which was priced at N11 million.

5 Key Things Investors Are Looking For In A Startup

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It is a known fact that entrepreneurs bootstrap when starting out because of limited finance. This is one of the main reasons why less than 50% of them survive the first five years in the market. To take your startup to the next level, entrepreneurs are regularly searching for venture capitalist and investors to invest in their businesses. Of course, startup investors desire innovative companies to invest their monies. However, they won’t drop a dime if they do not see the following things highlighted in your startup.

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1.Strong leadership teams

To secure startup investor funding, show that you have smart, strategic, and successful leaders. You must show the competency of both your company founders and leadership team. So, endeavour to leverage your leadership team’s professional experience for increased investor interest in your startup.

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2.Clear ROI

Return on investment (ROI) is the time needed to recoup the initial expenses invested in a business. Most startups aim to achieve this within the first one year of operations, but in certain sectors, it takes considerably longer due to high entry costs and low-profit margins. Would-be investors are aware that quite a number of startups that receive venture funding are unable to immediately make returns. As such, they want to see some real evidence that within a particular period, they will begin to get these returns.

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3.Consumer interest in your product

Investors want to know that your product has a future in the marketplace. So, the onus is on you to show them proof that it has a market niche of its own and consumers are interested in your product.

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4.Transparency

Transparency is important to increase investor trust in your business. No startup investor wants to enter a deal when they do not feel like they have all the facts. Be open and honest about the state of your business, the challenges you are facing and how you plan to surmount them.

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5.Growth potentials

Investors do not want a company that will be stagnant. They want to invest in startups that will thrive and eventually provide a return on their investment. Therefore, your business should be built with scalability and growth in mind.

Introducing the third edition of Ola Ndi Igbo Fair – 18 December 2017

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After previous successful editions in 2013 and 2015, Ola Ndi Igbo (Jewels of the Igbo people), the leading initiative dedicated to honouring and celebrating individuals of Igbo descent who have distinguished themselves in their profession on a global stage, will return for its third edition on 18 December 2017 in Enugu.

The theme for the 2017 Summit is ”Revitalizing the Can-do Igbo Spirit: Showcasing Innovations and Inventions from the South East.”

This year’s edition seeks to provide an avenue where local innovations and inventions from the people or residents of South East Nigeria can be showcased, provide cash incentives for innovators and inventors for more creative endeavours, harness local alternatives to local problems as a solution to the recession, and provide an avenue for networking opportunities between innovators, potential investors and the general public.

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Mrs Oby Ezekwesili presenting the Innovation Marketplace Prize to Obinna Ukwuani in the 2015 edition

There will be a cash prize for the best innovator/invention, while the best 20 Inventors/Innovators will also have their capacity built in branding, marketing, running a business and financial management.

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Mrs. Oby Ezekwesili presenting an Award to Nnaeto Orazulike

Ola Ndi Igbo Fair, a biennial summit established by a group of passionate, credible and committed young Igbo Professionals in Nigeria and the Diaspora, is organized by the South Saharan Social Development Organisation with the aim of fostering a community of individuals of Igbo descent who are proud of their heritage and are committed to working collaboratively to promote the social and economic development of Ndigbo.

Breaking of the Kola

The first Summit was held at the Civic Centre Lagos State in 2013 and inspired a range of initiatives to promote development in Igbo land including the creation of an entrepreneurship and vocational training centre for youth in the Southeast, a soul searching summit titled “Olu Ndi Igbo and a business training programme for Igbo traders in markets across Nigeria.”

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Dancers and Choir performing at Benefits Concert

The 2015 edition took place in the South Eastern city of Enugu with the theme: Leveraging the power of entertainment, media, technology and education for changing paradigms and future realities.

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Veteran musician, Bright Chimezie, rolled back the years with his Zigima sound

This edition will welcome submissions from Africa and around the world, and will feature an ambitious program of talks and events in partnership with international and local institutions to broaden the reach of the fair and further diversify its portfolio of exhibiting and promoting innovations and inventions that are connected to Ndi Igbo and Igboland.

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Chigurl and Nkem Ifejika of BBC were the hosts in the 2015 edition

Works of art such as poetry, short stories, artistic paintings and sculptures, as well as basic research reports and observation records shall not be accepted.

Deadline for submission of application is on 18 October, 2017. Interested participants should visit www.olandiigbo.net for more information and to complete the Application form.

For adverts and sponsorship, contact Rita on +234 (0) 9092 403 119, E:mail Rita@Southsaharan.org or info@olandiigbo.net

#TheAdventuresOfMuna Officially Launches Tomorrow

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Get ready for the launch of the #TheAdventuresOfMuna, a book designed to teach your kids safety tips through short stories authored by a seasoned safety personnel and advocate, Ugochi Obidiegwu, for your kids, wards and loved ones.

ABOUT THE BOOK

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Ugochi Obidiegwu is the author of the “The Adventures Of Muna”. She owns The Safety Chic brand

Muna is your typical 7-year old African girl – happy, expressive and boisterous. Her day is filled with activities which have the potential to cause her harm, and so she needs a safety guide. Adventures of Muna is a collection of short stories about a typical day in Muna’s life and the safety habits she must learn in order to have an injury-free day. This kid-to-kid safety guide tackles various aspects of children safety, from preventing falls and handling strangers to surviving fires and using the roads safely. It passes the child safety message with simple language and familiar characters so that your child will both learn and remember.

WHY YOU SHOULD BE AT THE LAUNCH

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This book launch will be one with a difference. Your purchase would ensure that an indigent child will also have access to the book. Therefore for every single book you buy, a child somewhere in Nigeria (Abia, Kaduna, Ekiti, Port Harcourt etc.) will get a book for free. Isn’t that “awemazing”?

Release Date: 16th September, 2017
Venue: Sahara Reporters, 13 Isaac John, Ikeja GRA
Time: 2pm prompt

Preview and purchase the Paperback format here https://www.amazon.com/reader/1522078029…

And get the Kindle format here https://www.amazon.com/dp/B074S6MJ63?ref_=k4w_ss_dp_lp_ip

7 Things Nigerian Students Can Do While ASUU is On Strike

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It has been a few years since students in Nigerians had to deal with long-term strikes; and just at the moment we thought the era of students having to stay an extra 2 to 3 years in school due to unnecessary strikes by championed by the Academic Staff Union of Universities (ASUU) was over, they strike again.

It certainly felt like Deja Vu when the National President Of The Union, Dr. Biodun Ogunyemi, announced this on Monday at a meeting of the National Executive Council (NEC) of ASUU in Abuja that there would be an indefinite strike and that during the strike, there will be no teaching, no examination and no attendance of statutory meetings of any kind in any of the union’s branches across the country.

There is some value in ASUU going on strike. They hope that issues such as payment of fractions/ non-payment of salaries, as well as Earned Academic Allowances (EAA); refusal to release the operational license of NUPEMCO; and the non-implementation of the provisions of the 2014 Pension Reform Act with respect to retired professors and their salaries, will be sorted.

It is easy for affected students to get into a lazy mode, where they sit around doing nothing or just meshing the entire time into one long continual nap fest…wasting valuable time and making no positive strides in their life all through the period of the strike.

If you are one of the affected students and you are wondering how you could possibly make this “indefinite” time worth your while, you may want to consider a handy list of helpful suggestions.

1.Start a Business
There is no age too young for becoming an entrepreneur. Use this period at home to start a small business. You could either sell products or render a service. The good thing is that you do not necessarily need a large capital to get yourself started. You also have the social media as a very important promotional tool.

You could start a home cleaning service or food delivery service…there are so many options.

Managing a business gives you a lot of opportunities to gain a lot of experience with will be beneficial when you eventually conclude your studies.

2.Learn a new skill
You finally have the time to learn a new skill. It could be photography, jewelry making, learning to play an instrument like the saxophone or guitar, baking, writing and producing music or playing a sport like football, tennis or volleyball. Take the time to learn it and get really good at it. Not only does it give you an edge and provide opportunities for a side hustle, it will help build your self-confidence and give you value for time invested.

3.Enroll for a professional certification course
The university might be closed but there are other avenues for learning. You can enroll in short courses online or for professional classes that will grant you certain qualifications that may become relevant in future. Even if you do not have the money to pay for these courses, you can go for free ones on portals like Coursera or Edx.
You don’t necessarily have to get a certificate; the idea is to acquire new knowledge that will be relevant to your career goals or aspirations.

4.Get a job
While you are at home, you might as well make a little money. Get a job as an intern or assistant in an office or company. You can even get a job as a paid apprentice at a salon or creative studio. Even more, you may decide to go for something freelance like writing or blogging.

The beauty of the internet is that you can get connected to so many job opportunities without necessarily breaking a sweat. The money made may not be the kind that will set you up for life, but it may be enough for extra chills…and then again, working would be fun and educational. You learn the value of time and money and attain the essence of work ethic and work culture.

5.Volunteer
Volunteering is a great way to give back to the society or just do some good with your time. You can volunteer at NGOs or religious organizations, where the aim is to help others and better the society.

You could also get involved in a number of empowerment programs tailored for young people where certain skill-sets you possess may be needed.

There is a measure of accomplishment and sense of fulfillment that comes with serving humanity. It also exposes you to great opportunities like training, travel e.t.c.

6.Travel
There is never a bad time to travel. As a student, you may not have a lot of resources available for long leisurely trips, but you can visit another state within the country or just other cities within your state. Travelling can be fun and educational at the same time for students.

It is also a great way for students to learn more about the world around you and open yourself to alternative cultures tradition and lifestyles. You could travel to other African cities or continents if you can afford it or you have a sponsor as well. The important thing though, is that you keep your ear on the ground while on your travels, so you are well informed when the strike is called off.

7.Attend seminars and personal development events
The period at home maybe offer a great opportunity to improve on your social skills. Attend conferences and seminars as well as events. It does not have to be professional or vocational seminars or events. It could be events that offer opportunities to explore your hobbies or just enjoy yourself. Also, it offers opportunities for networking and exposes you to new connections. It could be book readings, slam poetry competitions, meetups, concerts e.t.c

The truth is that being on an “indefinite” strike sucks; however, being positive about how you spin it, could make the time really worth your while. Can you think of other ways students can engage themselves pending when ASUU calls off the strike?