Hi guys, welcome
to "Entrepreneur Extraordinaire" meaning entrepreneur extraordinary.
I know it looks like English words but that is actually French. The purpose of this
lovely blog is to showcase young entrepreneurs who have found their fields of
expertise and succeeded in it. My content creators and I will carefully select
these people, tell the success stories and also what it took them to get to
where they are. This first post is just an introduction. Watch out for other posts and even tutorial videos, enjoy.
What is entrepreneur one may ask,
"an
entrepreneur is one who organizes and manages any business with considerable
initiative and risk". In simple terms, the entrepreneur chooses not to be
an employee, he thinks of a good business idea of selling goods or services, he
takes the risks and rewards of the business. An entrepreneur is the manager of
his business and oversees the growth and in some cases failure of his business.
Being an entrepreneur isn't easy. It deals with innovation and risk taking.
Imagine having a stable paying 9-5 job, then a wonderful idea hits you. You
research and come up with a business plan. Then you have to source for capital,
you have to get possible investors to believe in your idea and not just
believe, invest. For some entrepreneurs, they might have to quit their 9-5 job
if their business is time consuming. Bottom line, entrepreneurship is a tasking
process. Entrepreneurship is often affiliated with the term "small business".
Some entrepreneurs start out as small business owners but not all small
business owners are entrepreneurs. Most small business owners sell an existing
product and do not really aim at growth, they basically look for profit as fast
as they can make it. Entrepreneurs most times have fresh ideas and aim to grow
the businesses past local borders. It is like running an organization not just
owning a shop and selling products.
There are four
types of entrepreneurship: small business entrepreneurship, scalable start-up
entrepreneurship, large company entrepreneurship and social entrepreneurship.
Small business entrepreneurship are basically super markets, salons, travel
agents, electricians, etc. They are anyone who runs their own business. Their
own aim is to get profit and not start a fortune 500 company. Scalable startup
entrepreneurship is a lot different. These entrepreneurs start a company with
the vision to expand, knowing that the companies might one day change the
world. Large company entrepreneurship grows through twitching their new
products to variants that look like their existing products. Social
entrepreneurship are entrepreneurs who develop products that would solve a
social need or problem. Their aim isn't to generate profit; it is to make the
world a better place.
Some advantages
of entrepreneurship are:
- It gives a great amount of freedom.
- It is exciting to do what you love.
- It allows you to set your earnings.
- It
offers flexibility.
Some disadvantages of entrepreneurship are:
- It requires you to dedicate a huge amount of time.
- It can be difficult to handle competition.
- Success isn't guaranteed.
- Your schedule is unpredictable.Using Nigeria as an example, here are some successful young entrepreneurs:HONEY OGUNDEYI: CEO, Fashpa.com.
Fashpa.com was created in 2013 by Honey Ogundiye who was tired of the limited nature of accessing fashion online in Nigeria. Combining her experience in technology with her love for fashion, she has been able to provide trendy clothes through a functioning and stable technology platform to various audiences, thereby creating a convenient online shopping experience for the audiences.MARK ESSIEN: Founder, Hotels.ng
He is a software
and mobile development expert. He has revolutionized the hotel booking process
in Nigeria. Hotels.ng was started in 2012 and it is the largest hotel booking
portal in Nigeria and has hit 6000 hotels sign up and profit in 2014.
YASMIN BELO-OSAGIE:
Co-Founder, She Leads Africa.
Yasmin
co-founded She Leads Africa in 2014 with the intent of providing funding and
mentoring the next generation of female entrepreneurs in Africa. They aim to
provide not just capital but proper guidance. Ms. Belo-Osagie and her business
partner Afua Osei from Ghana where on Forbes list as one of The 20 Youngest
Power Women in Africa.
DR. OLA
OREKUNRIN: MEDICAL DOCTOR, FLYING DOCTORS NIGERIA.
She became a
medical doctor at the age of 21. Her passion to improve the healthcare system
in Nigeria led to the innovation of the first indigenous air ambulance service
in 2009. It started as an air ambulance service for a paediatric hospital. Her
clientele base has grown to corporate organizations and the private sector. She
has received various awards and international recognitions.
In summary,
what's holding you back? Branch out, start something no matter how small. Don't
forget to grow!
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