
One of the problems facing budding entrepreneurs is wanting to start in a big way, failing to realise that it does not work out like that. Most of the big businesses you see today started small.
Michelin makes one out of four tires in the world but the company was started in a very small way. James J Hill started the East –West railroad across the USA prairies with nothing except the imagination to idealise and actualise the vast railroad. By the time he died in 1907, his estate was in excess of £12,000,000.
The Eliganza group of the Okoyas was started at Obun Eko in Lagos with selling of wrist watches by their patriarch Razaq Okoya. The empire being sat on by Obazzu Ojeagbese was started with #6500 in the eighties.
Two thousand five hundred of this from the sales of his camera and Four thousand as loan. The seed money for the Coscharis group, wait for this, was #200 in 1975 and today that group is worth more than 15billions. Many big schools in Lagos started in one or two rooms.
You can start small.
In any case you cannot start from the top. It is not only wrong; it is also against the law of nature. You do not build a house from the roof. Besides, it makes good sense to start small in case you run into a bump. You do not test the depth of a river by putting your two feet. Little drops they say make the ocean
Fortunately, there are many businesses you can do with little or no capital and these we will be discussing in the next editions of this paper but before then, it is important to grasp the fact that you do not need a lot of money to be a business man. If you want to have money to build an Hamdala Hotel before you build a house you may end up not building one.
Also you do not have to get to Lagos to make it. You can make it where you are. For example this paper is taking off from Kaduna. Many people would have thought why not Lagos or Kano or Abuja, There are opportunities everywhere but the problem is to identify the opportunities. If you think hard enough, you will discover gaps in your locality. Pure water started few years back but water had been there all along. It took the thinking of a man to know that you can pack water in sachets. It took a Chief Gbadamosi to package water in plastic bottles and since the birth of Ragollis in Ikorodu many others have sprung up.
There are opportunities everywhere even in your village. Who is making bread in your village? Is anybody making mosquito insecticide in your neighbourhood? What of evening lessons for SS3 students? You can start organizing quiz competition among schools in Kaduna, in Zaria and even all over the state. What of organising excursion fort students which is self financing. Now, do you have competent dry cleaner in your area? Most of these businesses you can start with almost Zero capital.
From the next edition we will be discussing Zero capital businesses you can do but before then be prepared to start where you are with what you have.
To your business success.
Otunba Jide Omiyale
www.biz4naijagraduates.com
In this book you can not go wrong, all the 114 ideas have been clearly stated including the initial requirements you will need. It also includes how you can get and where to get your customers.
There is no way you can not make it if you get this book.
START WHERE YOU ARE WITH WHAT YOU HAVE.
Saturday, 6 February 2010Posted by Kolawole Bisiriyu. at 05:19
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment