Autonomy is best a piece of the pie. Many of us crave the whole dinner party. Some dream of strolling a company in their own, others dream of getting shops, and a few others want to discover their craving for art and craft.
Sometimes we want to ditch the worker tag and once in a while we most effective need a side hustle. Either way or regardless of the subject, there are some simple matters that have to by no means take as a right. These little bits of information make the distinction between achievement and failure to your entrepreneurial journey regardless of how terrific you’re as a worker.
The first query generally is: ‘Should I dare to do this inside the first vicinity?’ If you did no longer have a task many people could encourage you to give it an attempt, however, the song modifications whilst you are hired. A business project could without problems be seen as a waste of cash; while there are college expenses to pay. So what’s the clever factor to do especially in this economic climate?
Koku Konu is an architect who builds high rise buildings throughout West Africa: banks, and skyscrapers. Then his father passed on leaving his accounting firm in the back of. Konu opted to take that up as nicely. This intended restructuring and constructing Island Nominees Ltd and for an architect that supposed quite a bit of mastering; from the scratch.
This made him the suitable person to invite: Should you clearly trouble?
Konu’s reaction is: “If everyone has a desire to pursue self-employment; perpetually that preference does not leave till you check it. So if everyone appears like going into self -employment, no matter what goes on with the economic system, move beforehand. But of course this is simply the start; you may also get entry to your risks, calculate your publicity and your hazard of achievement, but it is your entrepreneurial spirit; the spirit that is in those humans that makes the difference and they are those that would warfare towards the odds. They are those people appearance as much as; those who provide you with something.”
Looking at the variety of failed businesses around us can be very discouraging for someone thinking of taking the plunge. Konu says: “Statistics are a weird thing, I don’t know in which those ones come from however if you tell me that some people fail, I’d say sure. And sure failure does discourage humans. But again the lure of achievement is continually there. Failure can not be discounted, it does put people off. But the proper marketers do have a knack to overcome seemingly impossible huddles. That is the hallmark of an entrepreneur.” Then he provides: “We all understand marketers fail but it is the ones that be triumphant that we have a tendency to an appearance in the direction of. So if you have the entrepreneurial force and need to go into self-employment, no matter the financial system you find yourself in, you must go in advance and take your dangers.”
Now we all understand that being an employer requires you to apply your self for your own obligations, but being an entrepreneur is an exclusive kettle of fish. The problems of management and management come to the fore. Leadership essentially manner mountaineering up the tallest Iroko tree with your binoculars and guiding the troop: having the fowl’s eye view and making sure you’re all inside the proper jungle facing the right horizon. Leadership is extra approximately the vision and the general dreams. Management then again brings it down to the day to day planning and activities. Konu, talking about his very own enjoy says: “In my role, because of the first son of my father, I ‘administer’ the agency. It’s a small identify however an extensive role because it begins from the minute eye of the tactics and structures you install vicinity (control) to the bigger image and the way you increase the organization (management) and the way you get to the target audience, and so on.
So you begin from small such things as: ‘Do we’ve got enough pens?’ to the larger image like: ‘Where are we inside the scheme of things?’ that is what I do essentially. I don’t have any part in the technical dispensation or any engagements, not anything like that, but I do the programme, I do plan, I do put in force, I strategize, and I am in contact with the top stage of our customers on an administrative basis.”
If you have got listened to a few control specialists then you ought to have heard as a minimum considered one of them speak approximately the attitude of a businessman vis a vis the attitude of a ‘professional’/worker.
Konu says this “It is all the way down to stereotypes. When you are an employee, your consciousness is executing your responsibilities and the financial overall performance of the organization is at great a secondary subject. But when you begin your enterprise; and you are a commercial enterprise the economic overall performance of the organization is your primary concern.”
Now, Konu became making it all sound too clean; sitting at the conference table of open office with an easy smile. We had to ask about his private hurdles.
“Well, I wasn’t especially ready to address the challenges of leadership and management. I did not have any formal education for it. I did not do an MBA, I hadn’t studied enterprise formally, I had never taken any business publications, however, I had usually had an acute interest in how things work. I assume that has to do with my architectural heritage. As an architect, you’re taught to design matters. The manner you design some thing determines how it’s far going to work. The standards of layout apply now not most effective to merchandise, buildings, hairstyles, and style, they apply to processes; a way to gain a process. You have to layout a process to make sure that you get the stop result. My project was now not being formally organized due to my heritage, but I became helped along.”
Going with the aid of this is it safe to deduce that the manner a banker could run a boutique might be unique from the manner a car mechanic could run it? We would let you draw your personal conclusions on that but in facing the undertaking of restructuring and constructing Island Nominees Ltd, Konu did say: “Because of my background in design, I saw it as a ‘design’ trouble and no longer honestly a ‘control or leadership’ difficulty.
Out of every five marketers, you meet 3 might announce to you that their largest challenge is the country’s infrastructure or lack of it. Clara Okoro, CEO of Brandworld and Publisher of Ice mag did no longer bat an eyelid whilst she introduced that her largest venture becomes “NEPA”. Bringing this up with Konu, he manifestly took all of it in his stride. But it turned into the manner these infrastructural ‘failings’ affected team of workers welfare and productivity that turned into more distinguished on his mind. “The most important infrastructure hassle that affects businesses is a sparse strength after which the roads and traffic. It influences the social health of your personnel; in the event that they get harassed each day coming in. If they cannot get to paintings effortlessly due to the fact there are challenges each day it is able to be hard for them.”
Speaking of personnel, how do you build an appropriate group? Donald Trump says he typically hires people he already is aware of; like humans on the other aspect of a deal who had impressed him. In a recent interview Femi Aderibigbe (aka Kwame) CEO of Nigezie and a judge in the ‘Project Fame’ truth and expertise hunt TV show, pointed out the “mind-set” of the humans you need to paintings with is the most important task for him as an entrepreneur.
Konu for his personal element had this to say: “Getting the proper group of workers is an ongoing aspect. I deal with the mission all of the time. You may additionally have the right humans in 2010, however, your wishes, traits, and programme may additionally alternate via 2012 so you will want to modify your crew. The manner I address it; the manner I might advise all and sundry to cope with it is to craft the activity description first and then locate the humans that fit into the activity description and not the other way spherical. Some people create a position due to the fact they recognize this character has a few abilities: ‘Oh! Let’s use him for that.’
That is not the manner to shape your business enterprise. You want to have your shape in the area first. Do you need a finance director, or do you want a bookkeeper? These are two special abilities. So have your structure in the vicinity. Know precisely what it’s miles you need?
Have a concept of your process description, and they are seeking for humans to fill that role. Try now not to do it the other way round like all and sundry does because; typically the individual has the ability ‘A’, that you are picking up on however does not have the commensurate abilities. That is what I might say for personnel selection.”
Believe it or not, ‘range’ is a weighty aspect. It could make the distinction between achievement and failure. Konu agrees with this: “Also I could say no matter the way you begin, start small. You do not want to construct a company with over 1,000,000 employees overnight. If you test all of the thriving agencies out, you would discover that they all commenced small. Every employer starts offevolved with an idea, and those getting together. When it grows to over 10million personnel overnight, it did not start that way. These are the maximum crucial things. Define your activity descriptions and start small.”
In each populated town, the people get to spend hours in traffic. We work long hours and we get domestic past due. Time control is already a primary problem with us, so how can we oversee a budding commercial enterprise ‘at the facet’?
Well here are Konu’s hints: “Time controls challenges? Of route I face it. I face it all the time. Now for humans who have a process and are starting up an enterprise at the side and are dealing with time management troubles, I might tell you how I cope with my time management troubles.
I use Outlook (MS Word Outlook). I come in and I agenda all the jobs I should do after I am desk certain in the office. Then I get on with it. Outlook enables me to order my day. It is the cutting-edge day filer-fax. I additionally have a completely sophisticated technique of recording my time usage. I log in the number of hours I spend on each project and I ascribe prices to them. At the give up of the month, I see how a lot of time I have spent and what kind of it has to value me. And if the patron is not worth it and I have spent an excessive amount of time, then I actually have a purple alert: I am spending too much time on this, and it isn’t always paying.
That applies to anyone within the company. We collate that annually and convey a document which suggests the wasted time and the monetary impact of that wasted time. Also, there is idle time. Coming to the workplace and doing nothing is idle time. The reality which you are right here does now not mean that you are efficient. I actually have a complicated device which I evolved over the years. But I don’t anticipate novice to start off like that, however, I do expect you to order your day. I constantly coach my personnel that the primary component you do in the morning after you have communicated along with your maker if that is your desire is to draw up your to-do list. You cannot beat it. You can do it manually; scribble it down or you can do it electronically.