There are lots of lessons awaiting anyone venturing into business and some of these vital lessons according to Adedayo Omolade Falusi, it includes “understanding the effect of project management, knowing why businesses fail and how.”

Amb Adedayo Falusi, an ECOWAS Youth Ambassador made the assertion recently while recounting his journey into entrepreneurship.

The My IVAV Farmstead CEO, who admitted that “getting the required capital to start his business was a challenge,” avowed that the teething problems of entrepreneurship can be surmounted if an entrepreneur is not someone who gives up easily.

Drawing from his experience running his livestock farming business, Amb Adedayo Falusi said: “People often ask me why I chose to go into agriculture and I often tell them I fell in love with agriculture many years back when my parents had a farm, and as I grew, the passion grew with me, and I started by having a modest farm at our backyard.”

Amb Adedayo Falusi is also the founder of FAO Foundation (FAOF) which caters to women and other vulnerable groups in society.

While giving an insight into the dynamics of youth self-empowerment and economic opportunities, he advised: “As a youth, before you complain, sit down and look around you, and be aware that the opportunities that could give you a breakthrough are around you, you only need to see them.”

Amb Adedayo Falusi further added: “It is important that young people give their best shot on things that are worth the sweat, rather than wasting time on frivolities.”

For young people aspiring to be self-employed, the ECOWAS Youth Ambassador offered some entrepreneurship nuggets.  “You must always focus on the bigger picture, and be informed that you will need to start small and grow bigger with time because Rome was not built in a day; and for a business person who aspires to succeed, patience is a virtue,” he counselled.