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Business Growth In Nigeria: 10 People Who Will Destroy Your Business

Gudtalent Chrisent

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Business Growth

Business Growth and Reasons for Business Failure

Talking about Business Growth, I must have to tell you the truth about the people who will utter your dreams and differ the direction of your destiny if you want to build a great business, you have to be very careful about whom you let into it. I have to write this post out of my personal experience while trying to become a CEO before I turned 23. This post takes note of the People Who Will Destroy Your Business, watch them out. Most times, the reasons for business failure are caused by the people you associate with, honestly, you have to take the hard decision of losing those friends you think are posing trait to your start-up.

Emotions and behaviors may circulate through social networks in patterns similar to what’s seen in epidemiological models of the flu virus. Every positive person you let into your life increases your chances of being positive to a good amount of percentage and as such will definitely make you and what you do better.

Figuring out whom to avoid and who to let in won’t always be easy. But with a little practice, you can get really good at staying far away from people who might bring your business down.

By the time you must have seen the explanations of these people, you will surely know the people you need to debunk straight away.

Here are 10 people you should avoid if you’re starting a business for a good Business Growth:

Related: how to avoid getting bankrupt in your business

1. The elephant type of people.

The elephant

The elephant will always use your past to weigh you down. An elephant never forgets. Elephants are those people in your business who never let you live down past mistakes. They never let you live down who you used to be or how many times you’ve messed up. They will give you proof of why you will mess up again which will most times affect 90% of entrepreneurs.

Don’t let these set pf people pull you back into the past. Everyone fails, especially entrepreneurs. If you’ve failed, it means you’ve learned. So stay on track and keep moving forward. Don’t look back before you turn into a pillar of salt hahaha.

2. The fat cat type of people.

fat cat type of people

Fat cats are those people who will come into your business, throw a bunch of money around, and offer you the world. Whether these people are angel investors or venture capitalists from top firms, don’t let their flash or their cash distract you from the fact that they want to control your company and make money off you.

Be very careful with whom you give your business to. You didn’t work this hard to watch your brand and reputation go down in flames at the paws of some fat cat who is now calling the shots.

3. The siren type of people.

Sirens are those amazing and enticing people who come into your business and completely distract you. More than anyone else, they are happy about your business but will never put a single effort into making it a better game. The procrastinate the most. These people have a way of stealing your focus and throwing your efforts off track.

A lot of promising futures have been sacrificed to sirens. Some people have sold their businesses for way less than they are worth and others have given up on their businesses to chase a get-rich-quick scheme than some sirens pitched them.

Don’t let this happen to you. Don’t let an amazing person make you forget that you and your business have something amazing to offer the world. These set of people can never help your Business Growth in any way.

4. The hater type of people.

One good thing about haters is that they are the ones that will tell flaws either at your face when quarreling or as gossip. Hence a good entrepreneur will take advantage of this and correct himself. Haters are people who want to be on top but don’t want to work to get there.

Instead, they want to push everyone else around them down so it will seem like they’re on top. Haters are losers but they also can serve as a source of motivation in a strange way.

Don’t let haters into your business but use them as motivation to make your business as strong as possible. This is why I will refer you to the popular song by a Nigerian artist “if nobody talks about you” by 2face Idibia

Related: Why you must be Rich

5. The goat type of people. 

Goats are those wildly charismatic, big-talking, and full-of-luck people who seem to get away with everything. These people have much strength.

The problem is that they use their strengths in devious ways. Goats have little ambition beyond convincing others to make bad decisions. If you find yourself constantly making bad business decisions every time you’re around someone, in particular, it’s time to cut that person out of your business growth.

6. The nemesis type of people.

You must have to know it that when you’re starting a business, Business Growth becomes a vital factor that you must consider, sometimes you’ll have to work with someone whom you can’t stand and who can’t stand you. If you’re not careful, this can become a major distraction.

Try to realize that what you don’t like about a nemesis is probably something you don’t like about yourself or it’s something that you like too much about yourself. Either way, something is at odds with your identity and the only way to fix it is to turn the mirror on yourself, not the nemesis.

Your adversary can be your advisor in away. If you bring a nemesis into your startup, use this person to learn about yourself. Once you do this, he or she won’t be your nemesis anymore.

7. The Ares type of people.

Ares is the Greek god of war. Ares-type people love conflict. They are addicted to drama and winning at all costs, even if there’s nothing to be won. Any time spent trying to correct or even understand an Ares is a waste of time. You are better off ignoring these people and keeping them out of your business altogether. They involve themselves in a blind argument and will never accept defeat.

8. The Dionysus type of people.

Dionysus is the Greek god of wine, parties, and pleasure. Dionysus sorts are pleasure seekers who have very little patience for anything other than instant gratification. I have grouped the Dionysus into two Categories, the are:

  • (1) The Man Dionysus and
  • (2) The Woman Dionysus

Be careful when letting these people into your business because the base pleasure of any kind is both addictive and time-consuming. It’s important to have friends and have fun, but you should never sacrifice your startup to a string of late nights. so then watch out these set of people Who Will Destroy Your Business if you are not very careful with them.

9. The black cat type of people.

Some people can walk into a business and light it up. Others walk in and kill it. Black cats are the latter. They are the people who seem to have a dark cloud following them everywhere they go.

These people are unlucky, negative, and always depressed. Don’t feel bad for these people. Odds are, they like sitting in the pits. They like the attention it gives them. So, let them sit. Just make sure they’re sitting outside your business or else they may be chances of infecting negative values into your business.

10. The narcissist type of people.

Narcissists are talented people who are too consumed with themselves to take action. They’re especially bad at taking team-oriented action.

A narcissist might even encourage you to put the image of your business over its reputation. This is always a bad idea. When starting a business, it’s best to be transparent and authentic. Don’t try to make things seem bigger than they are and avoid trying to be something you’re not. Instead, be real. Keep narcissists out of your startup and stay focused on your reputation, not your image.

Hope to see you do something about these set of people affecting your Business growth. Wish you the very best

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I'm that Lazy and controversial entrepreneur, Popularly known for my Quora Secrets. Founder and CEO of SumoTrust, Motute and CrowdFacture. Read about my Bio at personal website. Connect with me on Facebook, Twitter, Google, Linkedin and Instagram.

Advice

How To Grow Your Side Hustle Into A Big Business In Nigeria

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turn side hustle into full business

Did you know that a lot of big businesses in Nigeria today began as side-hustles? With the advent of the internet, it is now possible to have both a side hustle that could bring you a lot of money and a full-time job at the same time.

So, what is a side hustle? A side hustle is basically a business you do part-time while retaining your full-time job. Sometimes, a side hustles has the potential of becoming a full-time business.

Having a side hustle, apart from giving you an opportunity to make extra money for yourself, can also be a good way to spend your leisure. However, turning a side hustle into a big business in Nigeria is not devoid of several challenges. So, I decided to dedicate a section of this discussion to address some of these challenges and the way forward.

Converting A Side Hustle To A Full, Big Business In Nigeria: Challenges and The Way Out

In Nigeria, our educational system teaches mostly theory and almost nothing about money or entrepreneurship. So, you’d have to educate yourself on what the education system failed to cover. Besides the faulty education system in the country, there is this misconception in the society that one always needs to have huge capital before starting a business. Well, that is not true most of the time.

Another fad that is widely circulated is that Nigerian banks do not grant loans to businesses that are just starting out. Well, you have to understand that money is attracted to fresh, new ideas and most Nigerian banks are open to helping such ideas to grow. However, in the absence of external aid, you can generate capital for your business from your savings; get a loan from family, friends, your religious circles and well-wishers. Interestingly, today you can easily save money with Sumobank and use it to finance your business startup.

As regards saving, a good book which can assist you is, “The Millionaire Next Door”. It is a classical book which teaches savings and how to survive below the income level.

Finally, there is this challenge of over-dependence on salaries or regular income without due consideration of how to grow that income. It is the mistake of one working for money instead of making it work for him or her.

These are all unique challenges any Nigerian must overcome when trying to diversify income by turning a side hustle into a big business in Nigeria.

5 ways you can overcome these challenges are:

  1. Educate yourself on finance and how to multiply money.
  2. Make your money to work for you
  3. Create an emergency fund.
  4. Start and grow a business.
  5. Collaborate with business partners.
turn side hustle into full business

A lady working to turn her side hustle into a big business

Want to turn your side hustle into a full-time business? Read the 5 important tips below.

  • Design a Solid Plan

You cannot simply abandon your full-time job for your side hustle when you have no solid plan in place. You need a plan that outlines how your business will operate once it is fully functional.

Your plan should incorporate your business’ vision and mission statements, your business values, and the goals which you have in mind to achieve in your proposed business. Outline what your business would accomplish within the first 90 days of setting it up.

  • Make Everything You Can Automatic (i.e., Automate the Operations)

Today, you can find an app on the internet for handling any aspect of your business. Automating as many things as possible would give you free time to handle other tasks that could bring you much money since you have a limited time at your disposal daily.

So, from the set-go, acquire the necessary tools which would help you to automate your side hustle into a full-time business. You can use Buffer or Hootsuite, for example, to automate your social media posting and Canned Responses from Gmail to send out recurring mails.

  • Create More Leads 

Creating more leads for your business is the quickest way to grow your business and generate a favorable cash flow system for yourself and your business. So, invest a good amount of your time and energy in publicizing your business to get more leads (i.e., contacts – phone numbers and emails) who would sooner or later become paying customers. One way to do this is to create and distribute a lot of quality contents which will attract potential customers to your business.

One way you can do this (i.e., create content) is to start a blog and use it to reach your potential customers. This would give you the opportunity to build a customized email list for your business which you can use to push out (i.e. publicize) your new products, offers, and services.

  • Take Advantage of Freelancers.

Freelancers can help you to have an incredible amount of free time by helping you perform some heavy lifting in the business. Delegate some tasks and outsource them to freelancers and have a budget ready for their payment every month.

You can give them tasks like developing your blog content and managing your social media platforms while you handle the critical aspects of your business.

  • Create and Follow Your Schedule Religiously.

You must have a schedule with which you run the day-to-day activities of your business. This would really help your business to grow rapidly. You do not want to put too little or too much time into your business. So, create a schedule that would point out your working hours, what you do each time and the expected results.

It is not enough to have a schedule. You must endeavor to follow it to the letter to achieve success at the end of the day.

Conclusion

Everything is possible in life with hard work and determination. Anybody can begin from anywhere, even the lowest bottom and climb to the top.

In life, one essential asset you always spend but can never recover is time. So, time management is very important if you want to grow your business and you can do this with automation software. Besides doing things faster and precisely, automation helps to cut down on the time which could be wasted handling recurring tasks.

Are you involved in any side hustle or thinking of starting one soon? Let me know in the comments’ section of this blog. Thank you for the audience.

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7 Stupid Mistakes Young Nigerians Make That Is Destroying Our Generation

Gudtalent Chrisent

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mistakes of young people

There has never been a more woke generation like this current one and the behavioral trend is only getting worse that if nothing is done about it, i wonder what the next generation will look like.

This is African and what works in this part of the world is different from what works in the western world.

Today, I’m sharing with you the 7 mistakes young people in Nigeria are making that won’t result to anything good by Mildred Kingsley Okonkwo.

Related: Money mistakes you should avoid

In her video, she mentioned 7 dilapidating mistakes a lot of young Nigerians are making and it will shock you to see that you’re guilty of one or two if now all of them.

Kindly watch the Video below and do share.

Let me know your thoughts in the comment section.

Also read: My 2050 predictions

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5 Career Tips You Should Know As A New Graduate In Nigeria

Ossi Samuel

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career tips

5 Career Tips You Should Know As A New Graduate In Nigeria

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