Tuesday 5 July 2016

ONE YEAR AS AN ENTREPRENEUR- LESSONS LEARNT


O.Y.O IS YOUR CASE
You are ON YOUR OWN. The security that comes with paid employment is gone. You have to hustle and hustle very hard. Twice I have had to sell my phones to pay salaries because I couldn’t afford to delay salaries as my integrity was on the line.
YOU WILL SEE MONEY THAT YOU CANNOT SPEND
Once you start getting patronage, you may get too excited and think you have free money. No you don’t. For instance in my kind of business, I get paid in bulk but I have to share that money to cover 4 months salaries for staff.
YOU WILL BE CHEATED ON
Being a newbie sucks big time. I mean someone sold something worth N500 for N7, 000. I had a heart ache for 2 weeks. Plus I recommended the person to my mum…so we both got duped
YOU WILL LEARN TOUGH LESSONS
You will form close relationships, people will let you down, you will have to summon courage to let people go. Armed robbers carted away with valuables from the premises. I had to be strong. The show must go on. Its life
YOU WILL BE HAPPY………..THEN SAD
You will be deliriously happy finally walking in your purpose. You finally have a reason to jump out of bed every morning to impact your world. But then again your expectations will  may not be met and it can get frustrating. But as they say, great things take time. I’ve learnt that consistency is key. Great things they say take time. Keep working hun
PEOPLE SEE EVEN WHEN YOU CAN’T SEE THEM
I’ve learnt that you must keep putting in the work even when you are not making profit. You are doing this for the future. People are watching and these are the people you need to advertise your business. For instance, I got a referral from a notable figure around where my school is located. He doesn’t have kids in my school neither do I speak to him but because of proximity, he sees the work I put in. You need people.
YOUR COMPETITION WON’T BACK DOWN
Nope!!! I’ve had my banners torn and some of customers being cajoled to leave. I’ve had things some of my competition said and they have never even met me. I’ve heard some of my ideas which are very original being practiced in these schools. Probably from staff who were offered higher money to leave. People will feel threatened. You also cannot afford to take a break or back done. You can’t. I have learnt to keep churning ideas, so much so that they can’t keep up.
YOU CANNOT WALK ALONE
You need family and friends that can support you with money and services. In my business, I’ve had family and friends teach music, dance, etc. I couldn’t afford to pay for these things when I started and I need to do them so I had to hunt for free services…lol. Of course, I plan to return the favour. P.s Doreen is baking a free cake for our end of session party on the condition that I will patronize her when I can afford it. That is partnership people
YOU WILL DOUBT YOURSELF
You will not have it together all the time. Many times I asked myself if I made the right decision quitting my 9-5. Then, I expected my salary at the end of the month, now people expect their salaries from me at the end of the month. Shet!!!! That is A LOT of pressure. It is tough but you will get by. You will, trust me.
24 HOURS ARE NOT ENOUGH
Because you will be very committed to growing your business, you may neglect other things. You need to find time to rest else your health will suffer (I learnt the hard way). You also have to make time for other things that must come first..God, family, fitness, etc
YOU ARE YOUR OWN BOSS
Yikes!!! I can go out when I please. No more sign of the cross drama just to ask permission from my former boss. That feels soooooooo good. But then again that means being the one to pay myself. So I had a conversation with myself. I and me (see what I did there? Lol) decided I’ll have N10,000 as my salary monthly. We later cut it down to N5, 000. It later dropped to N2, 000. Lmao.i’ve had to deny myself the good things of life. The struggle to pay salaries is real yo. I just jejely bought my N700 sandal to be knacking everyday. So am I really a boss? Hmmm
FRIENDS WILL HAIL YOU
‘Chopping money things’ ’Madam at the top’ ‘Send me something now’ ‘Biggest boss’ These are some of the things you will hear. You better don’t let them deceive you, na only you know wassup.

Through it all ladies and gentlemen, you will feel immense satisfaction. A lot of people have ideas but only a few get up and do something about it. Get up and make it happen! 5 years from now you will be glad you did.
The best time to plant a tree was 20 years ago. The second best time is now. – Chinese proverb
If you enjoyed this, let me know in the comments and maybe I’ll share more lessons I’ve learnt with you.
Peace, love and sunshine
xo