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Experts unfold growth strategies for business start-ups

BY EBUN BABALOLA

Industrialists in the country have unfolded a number of growth strategies for business start-ups. The experts, who spoke at a one day seminar on entrepreneurship and financial empowerment organised by the Spark School of Entrepreneurship disclosed that anyone who wants to start up a business  must be able to analyse and estimate the cost of going into the business in order to be a successful entrepreneur in life

The industrialists — Mr. Kehinde Abiola, and Dr. Olubela Afolabi, National Executive Director, Nigerian Opportunities Industrialisation Centre, (NOIC),and Director of Studies, Spark School of Entrepreneurship, respectively said, for business start-ups to survive, satisfaction, financial gain, stability and enjoyment must be considered as yardsticks before going into the business.

Highlighting other strategies, they said, an individual must not expect to be effective and successful in business unless he or she truly believes in the business and in the good and services that will sell. Others strategies include planning and building habits that every business owner should develop, implement and maintain.

Manage money wisely by promoting and marketing the business to ensure that cash keeps flowing and at all the time. Accordingly, individual must always remember that his or her customers’s priority must be number one at all times, becoming a shameless self-promoter saying that such acts would make an individual to be able to do a proper evaluation on his business.

They said, business owners must go out of their way and make a conscious efforts to always project the most professional business image possible, taking advantage of possible opportunities, seeking an expert’s opinion or business problems, as well as defining the uniqueness in the proposed business.

They also maintained that entrepreneurs must be able ti invest in themselves by buying and reading books of great experts who have succeeded as entrepreneurs.

Also speaking on the need for Nigerian government to act fast in incorporating entrepreneurship into the school curriculum, the Group Managing Director, Spark School of Entrepreneurship, Mr. Bola Adeboye said, the concept of entrepreneurship is also concerned with new ways of looking at opportunities and identifying a new approach towards solving problems.

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