5 Must Read Books For Entrepreneurs This Month

Every business needs capital in order to take off. Businesses need to scale and be self-sustained. Businesses need to apply the right marketing skills to ensure that their products and services are known.

Businesses need to be on social media, with a view to being publicized online. But there is more to business development than the normal ideas we have about our business. The popular cliche that, ‘Readers are Leaders’ seems to be germane here.

When entrepreneurs read, it assists them in their journey towards the success of their businesses and personal lives. Reading widens the entrepreneur’s knowledge about things that they never knew anything about before then, could work for their careers.

Reading books about people, who have successfully passed through the route that the entrepreneurs are also, bound to pass through too. Such books give, the entrepreneur the courage and assurance that, their businesses too, can be successful as desired.

Reading also serves as a mentorship guide. As an entrepreneur, you might not have a mentor to guide you through your business, but there are books you can read and always learn from, to grow your business, until you achieve your desired goals.

There are certain books that entrepreneurs could decide read and to learn from, in order to have a successful business at the end of the day. Some of these books are stated below:

The Lean Startup

How today’s Entrepreneurs today, use continuous innovation to create radically successful Business, By Eric Ries.The author of this book enlightened entrepreneurs to the fact that you, having a successful business, does not mean that, it was inherited, or, you that you were at the right place at the right time.

Your success can be measured by you, following the right process every other person went through before you got to that stage of success. This means that you have been patient enough with yourself to learn.

Setting the table

The transforming power of hospitality in business in this book by Danny Meyer. Hospitality is the sole of business. It goes a long way in determining the success of your business. Knowing the needs of your customers and how well you can serve them, determines how long your business can be sustained.

Hospitality should also be extended to one’s employees, suppliers, and partners, because, everyone around you is a “customer”. You should realize that, even, the shop or company next to you is a customer.

How hospitable you are to these people, determines if you will have future clients or not. These are the people who give feedback on your company and can always recommend you to potential clients.

Ego is the Enemy

Written by Ryan Holiday, the book stresses on self- encouragement has a means for achieving greater improvement, but be careful not to think that you have been the only one that made your business a success. You should realize that you have come this far because of the assistance of your dedicated staff and the relationships that you have built with people, over time.

You should, therefore, stay humble and keep learning, knowing that, we keep learning every day. You also need to be someone people not only want to do business with but also spend time with.

EQ Applied

The real world guide book to emotional intelligence, By Justin Bariso. Emotional intelligence is a key driver to leadership skills, both in terms of leading other people and most importantly, leading yourself. It teaches you how to control your emotions.

The Motivation Myth

How high achievers really set themselves up to win book was penned by Jeff Haden. Building a business is not an easy task, especially, building one that is successful. The journey towards building your desired business is usually, rough and you have to put in a lot of effort and hard work, for you to arrive at your desired goals.

In achieving your desired goals in your business, you have to stay motivated. Your motivation is built on your own, by being patient enough not to skip any learning process, which allows you to improve, bit by bit.

Overview of the necessity of book importance for entrepreneurs

For every business that has come out successful today, all have had their own unique success stories. They learnt to push, even in the face of difficulty because, they have a vision. At some point, they almost gave up, but they had to be their own motivation.

They read about people who have succeeded and gone ahead of them and they are still reading to become better.

Keep pushing and believe in yourself. The next set of resources you read may just be the one that will lead you out of the mess it currently is in and lead your business into a resounding success.

Google, Business, Entrepreneurs

Why Google Search Page Has Just Three Buttons and No Ad: A Lesson for Entrepreneurs

One of Google’s business philosophies is that “you can be serious without a suit”.

I want you to stop reading at this point for a moment so that you ponder on that statement on being serious.

Yah! … Got some opinions?

Now, let’s go.

Google, Business, Entrepreneurs

A search box. Two search buttons. A sign-in button to exit to other Google services.  These elements, put to help users functionally, are the only features Google made available on the homepage of the world’s number one search engine …and, I am surprised, there is no ad there. I wonder how many thousands of dollars a pixel of that page could cost if Google wants to sell ads on it. I am talking of a page that we all use altogether to process more than one billion searches every day; a page which millions of eyes see daily.

While so many people may interpret this as a huge loss of billions of dollars on the part of Google, Google wouldn’t swap its top principle of SIMPLICTY for money.

Google sees simplicity never as being cheap, lazy or low-in-quality. It sees simplicity as products or services or systems that are faster and easier-to-use as well as highly esteemed looking at the quality when it comes to outcomes of uses.

Google commits itself to simplicity by adhering to the provision of, according to Google itself, “only the features that people need to accomplish their goals”.  No fluffing, no stuffing.  This is an excellent reality of a business which does not reckon all opportunities as money-getting opportunities. This is the reason why the Google search home page is as simplified as it is and why the simplicity philosophy is ingrained in Google’s services and products; not only on the search engine homepage. As an entrepreneur, if you must learn some lessons from Google, grab first its simplicity rule and stick to using it.

The Bottom-line of Google’s Simplicity Rule:

The rule makes Google stands far out of the piles and helps in building the distinctiveness which tells us of the brand Google has acquired today. Check up your website. Check up your products or services. Check up your business processes or procedures and the ways you communicate with your clients (and even with your colleagues, friends etc.). Check all of them up to uncover any sign of complexity.

“You can be serious without a suit”… Google says.

Some time ago, I read the appealing observation made by Nick Scheidies. He said: “It’s human nature to make things more complex than they need to be”. I stopped you above to ponder on what Google says about being serious. I don’t know what has been your opinions about it, but I got the opinion that, truly, we can relax all leanings toward outmoded bandwagonism (no dictionary recognizes this term yet, I know), conservatism or traditionalism and stickiness to ‘this is the usual ways we’ve been doing it’ and any other practices not giving ways to flexibility and simplicity.  If you’ve not leaned about flexible and simplified but top-class ways of working and of relationship in workplaces or in a business environment, just go a-google to recognize how simplicity attracts  employees and clients into an organisation.

I remember a website I recently stumbled upon which was giving out a white paper. After I reluctantly filled a long sign-up form, I clicked the “next” button. I found out that I have just finished “step 1 of 7”.  I was even asked at “step 2” to choose few third party services from which I may later receive some promotions. I thought a simple process could catch just my email address first, and then give me what was promised so that customer relationship with me will be built eventually. I quickly quit from the website.

I quit because the process of getting the white paper was too complex for me and because I am the same person who have experienced getting resources from websites with the notices saying “no sign up, just download”. Along the line, some of these websites were able to hook me up in a simplified way through their resources.

As an evangelist of minimalism, I am cognizant of the fact that simplicity pays in life and business.  I cannot, therefore, hold the advice that you should SIMPLIFY or like I usually say this word in another way: SIMPLIFINE.

Simplicity: a tool you can borrow from Google right now.

To your success.

Success Insights Straight from Young Millionaire Entrepreneurs to All Business Owners

Have you ever heard or read the story of a young boy who “borrowed” his father’s CDs, supplied them to his teachers and eventually, as a result of this student-teacher deal, became a millionaire entrepreneur?

Go on to read the candid business advice that the millionaire boy and his colleagues have for budding and current entrepreneurs:


Jamie Dunn: Entrepreneur Extraordinaire 

Jamie Dunn is the entrepreneurial brain behind Made-By-Young-People business imprints with the client-base now growing over 35, 000 a year.  He offers these people diverse profitable businesses and helps them in enhancing their personal potentials and business profitability. Though already a young successful entrepreneur before age 19, by extending his business with professional public speaking and consulting practice, Jamie made it to the top in the list of young millionaire entrepreneurs.

At age15, he was already making £2,000 a month.  This result came by upon the inspiration of becoming an entrepreneur which he got from his first business at age 12. The first business he carried out was by “borrowing” some of the CDs of his father and selling them in the school to his teachers.

Entrepreneur Jamie’s Advice:

The advice I would give to anybody looking to start a business is get your mindset right. A lot of entrepreneurs talk about “burn-out” and I never considered it when starting out. Make sure you have your mindset right and are prepared for the late nights, the early mornings, the ups, the downs, the setbacks and everything else that business entails. It’s a lifetime job, not a full-time one. 

Read on to have the business advice given by Jamie’s millionaire colleagues.

Emil Motycka: Mow-and-Move to Million$ Young Entrepreneur 

At age 9, he started his lawn mowing business making up to $135,000 while being an high school student.  At the age of 21, he made more than $2.5 million. Though he eventually lost more than this figure, he had  survived the loss with the determination to stick to being a top entrepreneur and now he is incredibly back to limelight as a successful millionaire entrepreneur.

Entrepreneur Emil’s Advice:

No. Entrepreneurship is not all unicorns, lollipops and solid-gold tubs.  Well – it is but that part doesn’t come until later.  In the meanwhile, don’t count on finding overnight success unless you’re ready to stay up overnight. 

Keith J. Davis: Young Entrepreneurial Jack of All Trades 

Like father, like son.  This cliché goes well with Keith.

While in the middle school, Keith followed the entrepreneurial track of his father who would always profit buying and selling low-cost and medium-cost goods. Keith, in his own case, would sell anything from greeting cards, writing accessories, books, earrings, bubble gums and everything in-between and beyond.

At age 19 in the University, he became a popular all-trades entrepreneur guy with the added ventures in public speaking, acting, publishing and book authoring.  All these have made his name to appear atop the list of international young millionaires.

Entrepreneur Keith’s Advice:

My father taught me at a young age that it’s not what you know, but who you know. I get a lot of support because of my age – especially as a young African American. People see that I’m trying to do something positive and help a generation. So professionals are willing to lend a hand and lend their advice. If I was 20 or 30 years old, they would be trying to charge me for that advice. 

One may easily construe their insights as messages from the young to the young, a deeper look into their words of business wisdom will show to you that they are all relevant to every entrepreneur and that they are very significant for learning useful lessons that will keep your entrepreneurial journey smooth.

After Jamie excitedly told the story of how he made $100 profit from his first CD deal, his father collected the money.  The action of his father taught Jamie the lesson about how risky borrowing things or money to do business could be.

I hope you will tap something out from here as an entrepreneur.

The entrepreneurial knowledge nuggets are from recent interviews with the listed young successful entrepreneurs.

To your entrepreneurial success.

Please join the knowledge expansion motive of this website by contributing the business-advice nuggets you’ve discovered in the comment box.

 

An Invitation to attend the FATE Foundation 11th Annual Celebration

We are pleased to invite you to attend the 11th FATE Foundation Annual Celebration & Entrepreneurial Awards Ceremony to honour outstanding Nigerian entrepreneurs, and celebrate the 2011 graduands of the various FATE programmes.

The theme of the event is The Price, Prize & Pride of Entrepreneurship.

Please find the details below:

Date: Thursday, December 8th, 2011
Time: 3:00 p.m.Venue: Shell Hall, MUSON Centre, Onikan, Lagos
Guest Speaker: Mr. Adewale Tinubu, Group Chief Executive, Oando Plc

Do make it a date with us.

We look forward to welcoming you at the event.

Thank you.

Warm Regards,
Osayi Alile Oruene
Executive Director
1st Floor,
Water House
Lagos State Water Corporation Building,
Ijora, Lagos.
Website: www.fatefoundation.com
07098123371/08023565900
Join us: Facebook: facebook.com/FateFoundation
Twitter:  twitter.com/fatefoundation
LinkedIn: linkedin.com/fatefoundation

FATE Foundation    . . . Producing World Class Entrepreneurs

[box]CFA’s Note: I am proud to be part of FATE Foundation both as an Alumni and a Volunteer, freely giving back to the system. I suggest you attend any FATE Foundation courses before launching out your small business.[/box]

Are you going to make it?

entrepreneur

Entrepreneurship: Starting Up Well and Going Ahead Strong in 10 Commandments

Having a dream of becoming an entrepreneur is always exciting, but taking the entrepreneurial journey can be intimidating if not mapped well with required groundwork.  One of the best ways to remain moving on strong in the journey is to learn and apply the wits of those who have had successful business expeditions; entrepreneurs who have really been there.

entrepreneur

Sumaya Kazi, one of the young entrepreneurs of today, has provided a body of powerful and concise tips. I call the tips commandments here because of how suitable they are as guiding light for both upcoming entrepreneurs and the entrepreneurs already on course.

“Don’t seat on great ideas”, she firstly advises all  entrepreneurs.

As you go on to learn the commandments as listed below in Sumaya’s words, don’t forget to apply them in your own journey as an entrepreneur.

The Commandments for Entrepreneurs:

  • More often than not, people sit on great ideas. Don’t be one of them. The hardest part is getting started.
  • Focus on what you have and not what you don’t have. Reach out to your network and leverage the resources of your extended communities.
  • Try to maintain enough ambition and energy to achieve your goals, but also enough humility to accept the challenges and rejection that comes with being an entrepreneur.
  • Be passionate about what you do and work with others who can share the same passion. Being an entrepreneur can be exhausting, so it’s incredibly important to surround yourself  with people who can keep you motivated and who you can motivate as well.
  • Don’t be afraid to do something wrong, to ask for help, to be rejected or to fail. It’s a hard lesson to learn, but one of the most important.
  • Build a support network. Whether it’s family, friends, other entrepreneurs or mentors, it’s important to have people you can turn to give you that extra vote of confidence or a shoulder to lean on when you need it most.
  • Persistence is key. A great idea doesn’t get executed (usually) overnight. It takes a lot of  iterations, feedback, and rebuilding to get close to something that may sorta maybe work, not really. The point is to keep at it until it does.
  • Have a PhD mentality. That is, of course, to think as if you’re poor, hungry and driven.

I follow Sumaya online always and so, as tapped from her posts, I put the following two tips to make a complete list of Sumaya’s commandments for the entrepreneur who want to start up well or go ahead strong:

  • Connect, intelligently, to the people you don’t know but you should, people that can potentially change your world.

For your information:

“Sumaya Kazi is an internationally recognized innovator, leader, speaker and award-winning entrepreneur. For her passion and success around her endeavors, Sumaya has been recognized by BusinessWeek as one of America’s “Best Young entrepreneurs,” CNN as a “Young Person Who Rocks,” Silicon Valley Business Journal as a “Woman of Influence,” and most recently by UTNE Reader Magazine as one of “50 Visionaries Changing Your World.

She has been featured in over 150 newspapers, magazines, radio interviews, and television spotlights in top-tier outlets such as Newsweek, BusinessWeek Magazine, CNN, ABC News and Washington Post. Sumaya frequently speaks at professional conferences and educational institutions inspiring audiences on topics such as entrepreneurship, non-profit work, intrapreneurship, young professional issues, social media, diversity and technology”.

Prior to Sumaya’s Entrepreneurial Expeditions…

“Sumaya spent the last five years at Fortune 500 Sun Microsystems, a company that developed the technologies that power the global marketplace. Sumaya was recruited by Sun at age 22 and quickly moved up in her positions in the Executive Communications, Worldwide Operations and New & Social Media teams. As a Senior Social Media Manager in its Global Communications group Sumaya was charged with developing new and innovative programs to capture, expand and socialize new and evolving media, analyst and influencer communities.”

CLICK HERE to learn more from Sumaya’s pure and social entrepreneurial journeys.

Wishing you all Happy Global Entrepreneurship Week.

 

Successful Entrepreneur

4 Successful Entrepreneur Tips from Fola Adeola, Guaranty Trust Bank, Founder

At the last FATE Foundation Annual General Assembly event, the guest speaker, Fola Adeola shared these 4 Successful Entrepreneur tips with attendees;

1. Build and maintain relationships

Building and maintaining relationships is a sure way of becoming a Successful Entrepreneur and one tool you can use effectively is the personalized bulk SMS

SMS is a cheap and effective way of

  • Staying in touch with your customers and suppliers
  • Asking them for a re-order
  • Getting feedback about your products or services
  • Asking for referrals
  • Finding out how your clients and staff are doing on a weekend etc.
  • It is limitless what you can do with it, I use it as an effective soul winning and follow-up tool for my Full Gospel Business Men’s Fellowship International chapter.

What makes this service different is that it makes your SMS personal by calling the names of your recipients each time you send them SMS whether they are 10,000 or 10.

Some quotes of that stress the importance of calling people’s name;

Words have meaning and names have power. – Author Unknown

Forgive your enemies, but never forget their names. – John F. Kennedy

The name of a man is a numbing blow from which he never recovers. – Marshall McLuhan

Always call people by their names!

This service costs only N1,000 monthly and it’ll help you build brand ambassadors. Read my article titled 3 ways to make Money with Personalized Bulk SMS Service

2. Master leadership

Fola says one of his secrets of how he became a Successful Entrepreneur is this, in the last 30 years he has spent at least 10 days in class, improving and honing his leadership skills in the areas he has chosen to play.

3. Create joint ventures

Another successful entrepreneur tip is to look out for effective partnerships i.e. he says nothing stops FATE Foundation Alumni members from coming together, putting up structures and sharing resources for the mutual benefit of all. A good example is silicon valley.

4. Develop your people (staff)

According to him a number of entrepreneurs care less about their people. They don’t bother to find out how they or their families are doing.

He said, you should care for your people, ask them questions, find out about their families and if you ask me, I’ll say send them personalized SMS on a monthly basis thanking them for all they are doing to grow your business – you’ll be shocked!

If you want to become a successful entrepreneur then you must care for your people.

About Fola Adeola

Successful Entrepreneur
A Successful Entrepreneur

Born in January 1954, Fola is married to Hajara, and has four children.

Fola obtained a Diploma in Accounting from Yaba College of Technology in1975 and became a Chartered Accountant in 1980 following his training with Deloitte, Haskins and Sells and D.O. Dafinone & Company (Chartered Accountants). He has received professional development training at notable institutions worldwide including, Harvard Business School, INSEAD. And the International Institute for Management Development.

Fola Adeola and Late Tayo Aderinokun founded Guaranty Trust Bank Plc in 1990 and today it has grown to become one of Nigerian’s biggest banks. He is the Chairman of the following organisations amongst many;

  1. FATE Foundation – a not for profit organisation
  2. Main 1 cable
  3. Eterna Oil & Gas
  4. ARM Investments

Conclusion on successful entrepreneur tips

If you are looking forward to starting a business in the nearest future then I suggest that you attend a FATE Foundation entrepreneurial program, this will help you avoid some of the costly mistakes small businesses owners make – I have made lots of mistakes but with FATE you can avoid some.

What do you think about Fola Adeola’s tips? Please leave a comment below….. Click here to view some photos of the event on Facebook!

I pray you become a highly successful entrepreneur so that you can touch lives, create jobs and make an impact, in Jesus name, Amen!

freelance writer

Freelance Writers and Guest Bloggers Wanted

Are you a freelance writer looking to get paid writing?

freelance writer
Freelance Writers Wanted

We are looking for a freelance writers who can creatively write compelling articles. Before now, I usually visit sites such as *Scriptlance to find freelancers for any project I have, you’ll be amazed at the number of people aspiring to be freelancers.

A couple of Nigerians are doing pretty well in this field and I hope more Nigerians will join them because the reality is that technology has reduced the number of jobs available in many sectors but has created more opportunities for those willing to become entrepreneurs.

Some of the topics freelance writers will cover

  1. Business
  2. Entrepreneurship
  3. Time Management
  4. Productivity
  5. Financial planning
  6. Personal development
  7. Cloud Computing
  8. Software as a Service
  9. Data Mining and Management etc.
Are you up for this? Then use the contact form below; include details of your past projects

Would you like to become our Guest Blogger?

Then read our write for us guideline now! There are a number of benefits if you opt for this option, so the choice is yours. Note: We also pay our guest bloggers who submit quality articles.

Fees to Freelance Writers – N300 per article

Preferred mode of payment: Guaranty Trust Bank cash deposit or any other Nigerian bank.

Update for Intereted Freelance Writers

We have received more than enough request but if you are still interested, then send us an interesting article on any of the above topics and expect a response from us. By the way, if you are cool with us your article will NEVER be published until you are paid.

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Thank you for stopping by! Enroll for my email marketing ecourse now

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Who is an Entrepreneur?

Are Famous Entrepreneurs born or made?

The big question is, are famous Entrepreneurs born or made?

The first time I heard this question was during my uncompleted MBA program (I consider myself as one of the  few drop outs that will make a huge difference) the lecturer walked into the class and asked this simple question; are famous Entrepreneurs born or made? Some people said entrepreneurs were born, while others said they were made and there were those who chose to stay in the middle.

Today, I ask you the same question I was asked a couple of years ago – are famous Entrepreneurs born or made? Feel free to leave a comment below with you answer.

Who is an Entrepreneur?
Who is an Entrepreneur?

At this point it is pertinent that we understand what is an Entrepreneur? An Entrepreneur is a person who has possession over a company, enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome.  Entrepreneur in English is a term applied to the type of personality who is willing to take upon herself or himself a new venture or enterprise and accepts full responsibility for the outcome – could also mean independent distributors of a network marketing or direct sales business. With this definition can you answer the question are famous Entrepreneurs born or made?

In an attempt to answer this question are famous Entrepreneurs born or made?, Let’s hear from 6 Entrepreneurs – below are their inspiring quotes, that would enable you arrive at the right answer for you  – its all about you and what you believe in.

Quotes from 6 Notable Entrepreneurs

The entrepreneur is our visionary, the creator in each of us. We’re born with that quality and it defines our lives as we respond to what we see, hear, feel, and experience. It is developed, nurtured, and given space to flourish or is squelched, thwarted, without air or stimulation, and dies.

Michael Gerber

Most new jobs won’t come from our biggest employers. They will come from our smallest. We’ve got to do everything we can to make entrepreneurial dreams a reality.

Ross Perot

I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs, but many don’t have the opportunity to find that out.

Muhammad Yunus

I wanted to be an editor or a journalist, I wasn’t really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going.

Richard Branson

Genius is 1% inspiration, and 99% perspiration.

Thomas Edison

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

Steve Jobs

You are probably inspired hearing from these entrepreneurs, that have all made a measurable impact in our lives. Here are 8 characteristics they all have in common so that you can find an answer to the question are famous Entrepreneurs born or made?;

8 Common Characteristics Possessed by Entrepreneurs;

  1. Dream – this is where it usually starts, a sudden realisation that things could be done differently, a questioning of thestatus quo.
    inspriration-and-innovation
    What goes on in the ever busy mind of an Entrepreneur?
  2. Vision – then the dream gradually becomes a vision that the entrepreneur sees at all times.
  3. Goal – she sets before her a goal,with an ultimate aim of attaining them.
  4. Confidence – this makes her very confident in herself, dreams and abilities.
  5. Risk Taking – she goes for it, against all odds, fully aware of the consequences.
  6. Positive Thinking – she remains positive despite the initial results
  7. Persistent – what follows is persistent, consistent action without which every other characteristics is meaningless.
  8. Leadership – most entrepreneurs usually end up being leaders in their sphere even though it was never part of the plan, it just happens and they usually posses a cool ability to influence others/followers.

No doubt there are other characteristics found in different categories of entrepreneurs but the 8 above are the most common. Take a moment to analyse these characteristics in line with the question – are famous Entrepreneurs born or made?

Now that you are have read this article what is your response to the question are famous Entrepreneurs born or made?

Are Famous Entrepreneurs born or made?

A Few Good Fundamentals on Entrepreneurship