Job
Entrepreneurship seems to be the order of the day today, the press
glorifies it, government officials put lots of emphasis on it as the
only way out of poverty, its even a compulsory course for all
university students. NYSC is all about it, from your afternoon
lectures in camp, to your SAEED. But is it really worth it? Are they
telling us the truth, or is it mere propaganda by politicians to give
excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it
by starting up their business, we are told to emulate the likes of
Dangote, Otedola, mike Adenuga. But the bitter truth is that not
everyone will make it like Dangote. As a matter of fact the chances of
Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the
have opportunities that others never had or will never have which they
harnessed to their advantage.
Opportunities like capital, good location, skills, business climate,
experience e.t.c. These variable are not things you have control over.
Take for example Dangote started his business with just #500,000 (a
huge amount of money during the 70's) given to him by his uncle
Dantata (one of the richest men in nigeria at that time) who also
groomed him in the tricks of business management. There are many
people who have beautiful business plans out there, but no capital to
fund them. Even when the capital is available, you don't any
experience about the business climate of the business you are
venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be
entreperneurs, if you believe in the determination,
nothing-can-stop-me mantra, you might probably end up with a small
food-stuff shop/kiosk business, or like the road side akara seller
whose income would not be enough for you to start a family. If it were
that easy, then our proffesors of business administration in our
universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic
policies to would encourage investment and growth. If the economy is
favourable, both entrepreneurs and employees, would be better off
glorifies it, government officials put lots of emphasis on it as the
only way out of poverty, its even a compulsory course for all
university students. NYSC is all about it, from your afternoon
lectures in camp, to your SAEED. But is it really worth it? Are they
telling us the truth, or is it mere propaganda by politicians to give
excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it
by starting up their business, we are told to emulate the likes of
Dangote, Otedola, mike Adenuga. But the bitter truth is that not
everyone will make it like Dangote. As a matter of fact the chances of
Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the
have opportunities that others never had or will never have which they
harnessed to their advantage.
Opportunities like capital, good location, skills, business climate,
experience e.t.c. These variable are not things you have control over.
Take for example Dangote started his business with just #500,000 (a
huge amount of money during the 70's) given to him by his uncle
Dantata (one of the richest men in nigeria at that time) who also
groomed him in the tricks of business management. There are many
people who have beautiful business plans out there, but no capital to
fund them. Even when the capital is available, you don't any
experience about the business climate of the business you are
venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be
entreperneurs, if you believe in the determination,
nothing-can-stop-me mantra, you might probably end up with a small
food-stuff shop/kiosk business, or like the road side akara seller
whose income would not be enough for you to start a family. If it were
that easy, then our proffesors of business administration in our
universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic
policies to would encourage investment and growth. If the economy is
favourable, both entrepreneurs and employees, would be better off
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