STARTING OUT FOR STUDENT ENTREPRENEUR
“Everything you see exists because someone, somewhere had an idea that they acted upon”
– Glen A. Mc Quirk
The beauty of a plan or desire is to start out. It is what you start that can proceed or grow.
Starting where you are with what you have is the key to a progressive life.
It is not wrong to start small; it is wrong to stay small.
There are various ways a student can start and grow his or her business.
The first thing you do as a student entrepreneur starting out is to evaluate your assets and liabilities, strength and weakness opportunity and threat. In the corporate world, it is called SWOT analysis. There is also PEST analysis i.e the Political, Economical, Social and Technological trends of your environment.
For example some schools encourage entrepreneurship activities. You can easily get or have access to a space and start out your business. Whereas some school don’t allow that. Therefore it is important for you to understand your school. Generally, you can start out your business anywhere whether in school or outside the school.
These tips will be of great importance
– Define the kind of business you want to do
– Subject your idea or business to scrutiny. Is it an economic idea or just an idea? Any idea that does not have an economic proposition is just a good idea.
– Are people willing to pay for this business or idea?
– A well written, detailed business plan is germane for the running of your business and also is a tool that can be use to attract investors when your are starting out.
– Gather the start-up capital
– Identify your customer.
– How many of the market do you want to control?
– Know your competitors. Don’t compete alone, create new things.
This starting out article is an excerpt form a book for student entrepreneur titled: Unleashing your entrepreneurial potential for Africa students,
Click here to Download this book now!
https://app.getresponse.com/site/unleashbuyer/webform.html?u=SuQl&wid=4633002
As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).
Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.
Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.
We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.
Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community
Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
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