​Developing profitable business ideas for self reliance | © Fola Daniel Adelesi

I have decided to make this just bullet points. This also because it’s my note for a recent speaking engagement on the topic. I am sure you will find this useful. I want to start by separating all the words that form the topic given to me. We look at …

Working from home or renting office spaces? | © Fola Daniel Adelesi

Having to work from home or deal with the skyrocketing rent of office spaces is one big issue for a lot of startups in Africa and around the world. A quick online search as at July 2016 reveals that some office spaces in Lagos, Nigeria are even more expensive than …

Understanding and using market segmentation for startup growth | © Fola Daniel Adelesi

One of the most effective tools for growing a new business is the market segmentation tool. It is very important for startup owners to understand, study and work consistently with market segmentation in the life span of their businesses. Without market segmentation, every effort to grow the business will be …

Professionals you must hang around | © Fola Daniel Adelesi

When you are in business, especially when you are just getting started, one of the ways to get things done is to have some professionals that you will always hang around. This is very important for the growth and survival of your business. While you may always hire professionals to …

Embrace technology and innovation for productivity | © Fola Daniel Adelesi

Technology is changing the way business is done and the ways customers interact with businesses in the 21st century. It is therefore pertinent for entrepreneurs to embrace technology in order to give their businesses a fair advantage over others who choose to watch technology. There’s no greater leverage for businesses …

Brush up your negotiation skills | © Fola Daniel Adelesi

Fuel is to cars as negotiations skills are to successful enterprises. To succeed in any business endeavor, the foreman and anyone managing the business must have strong negotiation skills. In several cases, businesses thrive not because the managers have found a lot of money but because they have learnt how …

What will keep the business going? | © Fola Daniel Adelesi

The entrepreneurial prostitution witnessed amongst young people in this present day is alarming. There are several entrepreneurs all over the place who are barely 40 years old and have delved into businesses too numerous to count. It will be safe to conclude that they seem to have decided to do …

Social capital: the equally important capital | © Fola Daniel Adelesi

While people are looking at money as the most important capital for a business, it has dawned on many and others are realizing that there is more to any business than the money required to get started. Many aspiring entrepreneurs don’t realize that they can even start a business when …

Separate the founder from the business | © Fola Daniel Adelesi

The sacrifices of any entrepreneur are too numerous to mention. That, understandably, explains the attachment to the business, so much so that observers can’t see the difference between the business and the owner. In Nigeria, this is why so many businesses are referred to as ‘one man business.’ The extreme …

Put it in black and white | © Fola Daniel Adelesi

​A grave mistake that many startups and young entrepreneurs make repeatedly is to get into business deals with other people without a contract. Some business owners simply think they can trust the people they are about to do business with. Others think they are enjoying a favour from that person, …

Keep business expectations realistic | © Fola Daniel Adelesi

Entrepreneurship is not magic, which is why it does not meet the expectations of some people. There are those who get into businesses with the expectation that they can start making money instantly. People want to start a business in the morning and have good returns in the evening. That, …

Don’t eat your seed | © Fola Daniel Adelesi

Starting a business comes with some sacrifices and excitement at the same time. Every business will demand some form of sacrifice from the owner. This sacrifice may begin with the sleepless nights or the several phone calls to people who might be interested in the new venture. Some email campaigns …

Role of SMEs in developing the maritime transport sector in economic recession | © Fola Daniel Adelesi.

For the masquerade to dance in a melancholic atmosphere, the drummer knows that the job cannot be left to the stick and the drum. An extra reserve of energy must burst forth. A new rythm, especially an unfamiliar but very inspiring one must be presented. It must be presented in …

Online search for business names: A long overdue leap from CAC.

For several years, aspiring entrepreneurs, religious bodies and founders of not for profit initiatives were subjected to untold hardships with the Corporate Affairs Commission (CAC), the arm of government saddled with the responsibility of registering businesses in Nigeria. There was no where you could check the availability of the business …

Appreciate good customer service too | © Fola Daniel Adelesi

Just like in news, it is mostly the bad customer service experience that spreads really fast. Good news will crawl while bad news will go viral. There is no need to make special effort in speaking up against bad service. But promoting good service is very tough. Just as I …

You don’t need plenty of ideas to succeed | © Fola Daniel Adelesi

Some people are living with the myth that they need to work on all the ideas that they have in order for them to succeed. In my few years of doing business, working with other people and reading the stories of a few others, I can tell emphatically that all …

You need common sense more than capital | © Fola Daniel Adelesi

I have met many aspiring entrepreneurs and they all keep talking about the need to get capital so that their businesses can take off fully. While it is true that they need capital, I think they need common sense much more than they need capital. Examples abound, and very practical …

Blame others – Habits of unsuccessful people 4 | © Fola Daniel Adelesi

I am sure you have heard about the blame game severally. There are those who can receive awards for knowing who to blame in every situation. If you want to succeed, one thing you must learn is to take responsibility and not blame others for everything. Why is it important …

Multipotentialite: My final answer to the advocates of ‘doing one thing only’ | © Fola Daniel Adelesi

For several years I have thought about how to answer this question from people who think that all human beings should do one thing only. They are the advocates of the power of focus and focus, to them, means that you should face only one thing and keep working at …

Don’t tie results to being lucky | © Fola Daniel Adelesi

Among many other ways that people explain the success of other people, especially at a time when they are struggling, the most prominent seems to be that ‘he just got lucky’ kind of statement. For some it is a consolation and for others they just don’t know how to explain …