‘Why Young Entrepreneurs Must Start Small’
MOST young Nigerian entrepreneurs, who seek to start or grow their business, fail because they embark on ‘white elephant’ projects and lack scalable business plans.
The Chief Executive Officer (CEO) of Onpoint Success International Limited and business coach, Oluwaseun Akinlotan, said this, yesterday, in Lagos, at the maiden Annual Ultimate Business Seminar themed Passion to Profit.
Akinlotan, who said capital shouldn’t be a hindrance to anyone who wants to start a business, noted that most people think funding is their problem, but it not.
“If people keep giving you money, you would squander it, especially if you don’t have a plan. Young people who dream big must start small. They should suspend the big projects to start something small and scalable and should have a plan,” she stressed.
Noting that the seminar was a business platform to empower entrepreneurs and inspired them to start and grow existing business, she said Nigeria has a lot of unemployed graduates, who have talents that can be harnessed and can be taught to monetise their passion.
A participant, Temitope Oguniyi said she was empowered and was motivated to turn her passion into a profitable business, outside her teaching profession.
“We are encouraged to take advantage of whatever our passions are. I have also met people here today who would need my services, and whose service I also need. So, its been a time to network for growth,” she added.