Interviews, Life Style

Entrepreneurs on what leads to success

One bright idea can lead to great success in business. Creative thinking allows you to come up with fantastic ideas. So, think outside the box. ENCOMIUM Weekly talked to young, successful entrepreneurs who analysed how to package successful businesses…

 

TOBI OSIPITAN, Sprinkles and Cocktail

1-TOBIWhat does it take to set up a business?

Passion, dedication and commitment.

How challenging is it to sustain a business?

It depends on the nature of your business but the most important thing is to move with the trend and remain up to date. Sometimes that might mean increased costs but will pay off in the long run.

Can you please, itemize tips, dos and don’ts of successful business?

Bad customer service, the customer always comes first, quality not quantity. A reliable product or service that delivers 100 percent customer satisfaction.

 

SOLA FAJOBI, Supermom,  Next Movie Star

Sola-FajobiWhat does it take to set up a business?

First, you need to identify the need in the environment, then fill the vacuum with the products that are needed most in that environment. You must have vision. You must be competent, you must have skills and talent. You might have studied something related to what you have in mind. Then you need capital to start up. Not necessarily big money.

Finally, perseverance is needed. You have to be determined and not lose hope when things are not going too well.

How challenging is it to sustain a business?

It is very challenging because of capital, skills,  human resource and power supply. For example, we don’t have regular power supply so, we have to generate other means of getting power. If a barber gets enough power supply, I think the cost of cutting one’s hair will be lesser, but when he is using a generator, the price will increase. You have to employ people who are competent and capable to render services.

Can you please, itemize tips, dos and don’ts of successful business?

You have to save. I don’t spend anyhow. Then you have to train and retrain yourself because of new inventions. Innovations come often because of technology, so you need to understand how to market your products online.

 

LIZZY ANJORIN

Lizzy Anjorin

Lizzy Anjorin

What does it take to set up a business?

You must be focused and work hard. If you want to be successful, you must have it in mind that you will invest a lot of things like time and money. You must not give up. Be ready to face any challenge. If you go into a business because of profit and you don’t work hard, you will pack up. Invest 80 percent attention. If you are not there, your attention must be there. You must be brilliant as well.

How challenging is it to sustain a business?

It is very challenging. It is not easy. You must think of what your customers need.

Can you please, itemize tips, dos and don’ts of successful business?

As a young business person, you don’t get unnecessarily too familiar with your customers. Don’t lose your pride, be respectful and customer friendly. Don’t copy, follow what is perfect for you. Stick to your ideas and be creative.

 

FRANK OKAMIGBO, D’Place by Papas

Papas 1-_MG_7926-002What does it take to set up a business?

One needs to have a plan. A plan for what you want to do. If you have passion for the business, it will be easier for you. If you want to make money, then you have long way to go. You need to have an idea of the business and the ability to pull everything together. Don’t jump into it.

How challenging is it to sustain a business?

In every business, sustainability is related to dedication, passion and endurance. You have to keep your eyes on the ball. Your team must be happy.

Can you please, itemize tips, dos and don’ts of successful business?

Before you go into a business, you have to identify your target. Then you have a back up plan because your expectations might not be met.

-NKECHINYERE IBEMERE

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