If your child tells you that he wants to become an entrepreneur, you better cry and pray for him. I mean it. It takes a lot to be a real practising entrepreneur. It takes even much more to start, manage and grow a profitable business that really matters.
This is not bread and beans I am talking about here. I am talking about heart, soul, blood, core, life, madness, work! You can’t skip or corner the hard work. You must do it and do it well, it doesn’t matter if your name is Prince or your father’s name is Williams. You must roll up your sleeves and get your hands dirty. You must twist and turn, bite and chew.
And sometimes it may require that you hang in there long or longer, racking your brain, scratching your head, bursting your butt, tweaking, until you find the right combination that unlocks the treasure chest of that true success and growth that your soul really pants for.
Even at my growing level, I am beginning to gradually understand what the Dangotes, the Elumelus, the Madukas, the Musks, and the Strives of this world go through to get their businesses going and thriving. These guys don’t operate in the same mental zipcodes as most of us. They are crazy. They are abnormal. They are nuts. They are sick. They are possessed.
On December 23rd 2015, I shared an interesting article I read about a very successful African entrepreneur. It was a 2-page feature on Mohammed Dewji, the Group CEO of MeTL Group who is currently ranked the richest man in Tanzania and was voted as the Forbes 2015 Person of the Year. Mohammed Dewji owns the biggest edible oil refinery in Africa and other multiple business interests in different African countries. Currently worth over $1.1 billion and employs over 24,000 workforce, Mohammed Dewji is set to expand his business to more African countries and grow his workforce to 100,000 by 2022.
At the age of 40, Mo, as he is popularly called, works 100-hour a week and holds at least 60 board meetings a month! Now, you do the math. That’s about 15 hours of daily work a week (if he works 7 days) or 17 hours of daily work a week (if he works 6 days). That’s one. Two, he holds an average of 2 board meetings every day (if he works 7 days) or an average of 3 board meetings every day (if he works 6 days).
And then your child wakes up one day and tells you that he wants to become an entrepreneur and you are still standing there doing nothing?
Pray. Cry. Fast. Pray again.
I am not saying your child must be like Mo. In Lagos, my company successfully hosted a crop of sharp-minded entrepreneurs from diverse business sectors to another exclusive business learning ecosystem called #TheIncubatorsPRO that took us late into the night discussing business, peer-learning engagement, and finding answers to tough business questions. By the time I finally got home around 9 p.m., I was dog-tired and really, really hungry. Yet again, by 2 a.m., I was up to carry out my early morning thinking ritual and review the work so far, plan out my day’s business checklist, work on this publication so that you can read it, as well as set new targets and agendas for our firm.
Do you think if I have my way, I wouldn’t want to sleep till 8 a.m. or even 9? And then when I finally dragged myself out of bed, I head straight for the remote and begin to watch Telemundo all day long or better still settle for the pad and play the latest Xbox video game in my pyjamas, and then when evening finally comes, I simply dress in my clean, starched shirt and styled jeans and go party in my friend’s girlfriend’s place or maybe some niteclub down the block?
Yeah, those are cool stuffs, no doubt, but you see, working on building my business and inspiring my team to stretch and win and be the best they are called to be and make a difference is far better, long-term, cooler, top priority, and, some would say, stupid.
That’s the part I like. That’s how entrepreneurs swing. They step forward and do the massive amount of work.
So if I call myself a real entrepreneur, then I must be ready to step up before and when the work calls forth. My work ethic must not be questionable. This is my life’s work, my destiny, and I must make it count. FYI, I want to take over the world (every true entrepreneur wants to, actually).
So as I face the day, I just want to constantly take my best shot now and always, not minding the odds that are stacked against me. Who knows? I may just hit the bull-eye’s before the sun sets. And even if I don’t, I will continue swinging and shooting until and when the sun wakes up.
And that’s because I am an entrepreneur and I am not normal. So don’t let your child come near me. I will corrupt him because that’s what entrepreneurs do.
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How Entrepreneurs Can Spot Opportunities In COVID-19 Pandemic?
Notwithstanding the worldwide COVID-19 pandemic, entrepreneurs need to confront another reality: that it isn’t just a gigantic clean and wellbeing crisis influencing millions, or even billions, of individuals across the world. This is likewise inciting an extraordinary plunge in the worldwide economy. But there are opportunities in covid-19 crisis.
The public authority, general wellbeing and financial reactions are immensely extraordinary on the off chance that you are a business person. As business originators, you will likewise require totally different activity designs set up contingent upon your area and industry.
On the off chance that you are in web-based shopping, food conveyance, video gaming or video conferencing ventures, where the business is as of now blasting, it’s a totally unexpected picture in comparison to in the event that you are maintaining a business in the lodging, café, retail, amusement, or sports enterprises.
Where would entrepreneurs be able to discover opportunities in covid-19?
Opportunities in covid-19 are all over — entrepreneurs need to realize how to remember them to hold onto them.
Prior to diving into market research, ask yourself this inquiry first: “What do individuals need during a wellbeing and monetary crisis?” The main pieces of information are in the words “wellbeing” and “financial.” Then ask yourself, “What aptitudes do I have? What aptitudes do I need or need to learn?”
To begin revealing the requirements of the market, go on the web! There are such countless extraordinary instruments accessible to help check what the market needs. Yet, continue with alert. We actually don’t have an away from of what the enduring effects of the pandemic and monetary aftermath will be, yet entrepreneurs can begin little and scale as they see accomplishment in their new specialty.
Here is a snappy rundown of where to contemplate the market to reveal opportunities in covid-19 pandemic:
- Google Search Trends
- News Reports
- Economic Reports
- Climate Reports
- Health Reports
- International Trade Deals
- Emerging Global Markets
- Technology Acceleration and Innovation
- Local Government Resources and Grants
Seeing how organizations and governments move can serve to ensure you actually and monetarily as we as a whole explore unknown waters. Likewise, with any venture opportunity, entrepreneurs should have enough monetary assets to develop while controlling the outpourings and boosting their inflows of income to endure.
As we see today, any business that gives an answer for help keep the lives of the populace running while they stay in segregation is a demonstrated plan of action that works.
Here is a fast rundown, in no specific request, of the top items and administrations where cash is at present streaming:
- Masks, Personal Protective Equipment, Hand Sanitizers, Temperature Devices, etc.
- Home Essentials and Improvement
- Hospitals, Medical Laboratories, Pharmacy
- Home and Food Delivery Services
- Grocery Stores, Tech/Office Product Retail
- Blogging, Influencer and Digital Marketing
- Online Education and Virtual Services
- Website Design, Coding, Software as a service (SaaS)
- Curriculum Design,Professional Writing, Editing,
- Logistics and Transportation Companies
- Trash Collection, Laundry Services, Landscaping
- Hardware Stores
- Security Services
- Utility Services
- Janitorial, Cleaning and Disinfecting Services
- Pet Products and Services
- Home Beauty
- Entertainment and Gaming
An opportunity to search for opportunities in covid-19 is currently. With any additional time, a business visionary can chip away at reconstructing a site, make new frameworks, converse with clients, overhaul hardware and make new item contributions. Another proposal is to exploit distant work. It is more secure, more profitable and can accompany more pay and more noteworthy way of life adaptability.
Each crisis is an opportunity
Remember that the absolute generally troublesome or fascinating organizations have been made and took off during seasons of crisis.
It is in every case great business practice to tune in to what your clients need to reveal opportunities from inside a current business. Entrepreneurs who effectively study the market will have a preferred position in taking advantage of lucky breaks in the steadily changing scene of our economy.
After the COVID-19 crisis the exercises to learn are:
More restricted travel of products and individuals, eminently business explorers (more far off working and far off gatherings) because of the effect of physical removing necessities. We should factor in future clean emergencies or even new battles because of worldwide congestion.
The possible development in “dematerialization” of items and administrations: for instance, we could observer a blast in 3D printers to create covers and ventilators in every nation.
Greater readiness incorporate dynamic: for instance, we’ve seen organizations like Apple changing their activities essentially overnight to configuration, produce and boat face shields for medical specialists.
The ease item sourcing model, where China and India are the world’s producers, will be finished. Globalization too. This crisis will change the connections among nations and states: introducing new difficulties, new stakes, new perils, new dangers (wellbeing and atmosphere).
Governments should, and will, request to be free and self-ruling concerning basic medical supplies and medicines. We can figure out how Korea, Singapore, and Taiwan have quickly contained COVID-19, however, their populaces are prepared to acknowledge individual following and facial acknowledgment innovations which are not yet worthy in different social orders (a lot of Europe for example). A world less open and, presumably, less free is not out of the ordinary.
With virus control prone to continue in numerous pieces of the globe, we’ll see without a doubt better approaches for life delivering new necessities, which will thus make new opportunities for entrepreneurs. Some new plans of action, new proposals around dematerialization, should be imagined.
In the coming years, the new lord of the world will be the “Amazon of dematerialization”. Also, it will be the entrepreneurs who will execute this new world.
Rahul Raghuwanshi is an SEO specialist and SEO Content Writer at Special Oilfield Services. Special Oilfield Services is one of the leading oil and gas industry maintenance and solution provider based in Oman, UAE.
We provide optimal drilling and completion, vibration monitoring and analysis, mechanical and reliability asset management, chemical solutions, and drilling and completion services along with reliability and asset integrity services, to oil and gas in all over the globe. With our latest and most advanced techniques we deliver best results to our customers. For more information visit our official website speciloilfield.com.
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