The cheapest…

Building a business around the promise of offering the lowest prices is just silly.

No matter how hard you try, someone will always come along who will be able to offer lower prices. This is why personally, I prefer to work hard to build products that standout in crowded marketplaces, amidst increasing competition.

I prefer appending labels like “best”, “faster”, “simpler” and so on to my brands.

In fact, on May 20, 2013 I made a decision:

We don’t compete on price
We don’t compete based on features
We compete by the superiority of our ideas and ground breaking solutions.

Why should we do otherwise? To a business that only promises lower prices, all that matters is not the quality of the product but how to cut prices and push prices down. And once we go down that route, the profitability of the business is in jeopardy.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

This is a business

This is a business, treat it as such.

When clients pay you to do stuff for them, get it done. Get it done on time!

If for whatever reasons, you cannot get it done. Then you pick up the phone and communicate to them CLEARLY why you cannot get it done. Do not go mute and wait for them to chase you around, that is so unprofessional!

If you are so busy you cannot do the work you have been paid to do (or the work that brings in the cash), then this is not a business after all. It is a hobby; something to do in any spare time left and hence charging people for such unprofessional output is sad.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

Nigeria’s cashless challenge

The Central Bank of Nigeria aka CBN has been aggressively pushing a cashless policy, the central idea is that they want Nigerians, all 173.6 million (2013 figures) of us to stop using physical cash for daily transaction and instead use various e-channels to transact business.

These initiative seem not to be as successful as we would like it to be. I am yet to see people queue up to use their debit cards in stores rather than cash.

CBN is working hard, really hard to get this thing right. What then is wrong?

The challenge we have before us is that carrying physical cash around and paying for day to day stuff is much easier than going around cashless. (Can I really move around Lagos without cash in my pocket?) The technology looks not to be as reliable and mature as CBN and the banks would want us to believe it is.

I once tried to go cashless and was rewarded for my bravery by having to locate the nearest ATM and then head back to pay the good old way after the POS terminal malfunctioned.

CBN commissioned various mobile money companies in 2011. 3 years later, despite all the bogus claims these mobile money companies make, as a common man on the streets, I can boldly say that these mobile money vendors are yet to make any impact.

The question the good hearted people at CBN needs to answer is are we really innovating or just messing around? Or are we doing tech for tech sake??

The real challenge before the CBN is to sit down with the various stakeholders and ensure that going cashless is indeed easier and more efficient for daily transactions, it has to be easier than the current way we do things.

HINT: It will be very hard to get it right, but it is certainly doable. But if the only weapon in CBN’s arsenal is by introducing penalty fees for not going cashless, they are on their own.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

I can do all things

I can do all things…. No, I cannot.

I can do all things through Christ who strengtheneth me. – Philippians 4:13

Before you go about quoting it everywhere, that scripture says specifically that I can do all things through Christ that strengthens me. There is a clause to doing all things, you can only do things you have been strengthened to do.

The key question to ponder over should be: What exactly is Christ strengthening me to do?


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

Profit, not just cash flow

It is definitely worth stating at this point that there is indeed a difference between cash flow and profit.

Cash flow refers the revenue your business is generating. Profit is the actual amount of money that is truly yours, after you have deducted your business operating costs from the revenue.

Never for one second mistake cash flow for profit. You can sell a lot of stuff and still not make any tangible profit, Richard Branson of Virgin group learnt this the hard way while working on their first business, selling music albums.

Therefore, it MIGHT be important for us to sit down and think carefully about the profitability of the business. If your business doesn’t turn a profit, you will be unable to make the positive impact you’re striving for.

Of course, without cash flow, you cannot generate profit or even have a business in the first place.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

We must all bark

A toothless dog is an animal to pity, because all it can do is bark and bark without any teeth to do real damage.

A dog that does not bark at all but has a nasty bite is OK, but then it has to do a lot of work to get noticed… What shall we say then about the dog that neither barks nor bites? Such a dog is screwed, it has little value and best converted to meat.

Similiarly, Entrepreneurs must learn how to bark (publicise themselves and their work) and bite (deliver on their promise).

Personally, I really need to bark more often. I spend an awful amount of time sharpening my teeth, perfecting my bites but without making some noise about myself it does not count.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

Rome was not built in a day, but…

“Rome was not built in a day, but on the other hand, no nation has profits from centuries of war” – Anonymous

Rome was not built in a day is a great quote and a reminder that your progress in business (or anything else for that matter) will be gradual, but the remixed quote I recalled from memory above alerts us to the danger of clinging on to the ideology that Rome was not built in a day and hence we just keep dragging and dragging and dragging.

Just because Rome was not built in a day does not mean we should slack or something. We should not embrace laziness just because we want to grow one step at a time.

Draft out a well thought out plan and start executing upon it like crazy. Work hard, put in the hours and maybe we can finally start putting “Rome” into shape. Rome was not built in a day afterall… but I am willing to bet that the builders worked hard at it every single day (and not only when they felt like).

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

Simplify

A shortcut to business success is by looking hard at things people struggle with, and then simplify the task. You stand to make lots of money by simplifying a business process.

If you sat down to brainstorm along the lines of “How can I save people’s time?”, you are much more likely to end up with ideas that are useful and profitable.

Useful and profitable.

Useful and profitable is exactly what we should be doing, isn’t it?

You might not have to do any really ground breaking work or re-invent the wheel. We mentioned Washist on #TMP before, a simple service that you subscribe to for a flat monthly rate and they come by to pick up your laundry, get it done and returned to your house.

A look at this business reveals what we are digging at today: making something simpler, anything. I once contemplated on the idea of creating a subscription based food delivery service but I canceled as I felt it was outside my area of core competency.

Take a look at things you do often, how can you reduce the time it takes?

How can you make day-to-day activities simpler?

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here

Watching The World

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

A day at a time

It is another new day… And as it is everyday, it is a chance to build up on yesterday’s work or slack up and let it all waste away.

The future we crave does not appear in a moment; it sneaks up on us a day at a time. Consistently taking action is what will make it all count for you, you have to grow successful a day at a time.

__________

BUILD YOUR IDEA

This year, I want to assist 30 people to move their ideas from thoughts to reality, so I am creating the BUILD YOUR IDEA programme to get it done. I will teach you everything you need to know to convert your ideas into projects, businesses or startups. I do not plan to stop there, I also will offer some guidance as you step out to build out your ideas.

I have a track record of consistently moving ideas into products and startups. You will be getting access to practical knowledge, wisdom and ideas that I have gathered in my nearly 10 years of working in this field.

Interested? Click here 

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.

In Agreement

Can two walk together, except they be agreed?

This is a rhetorical question, no doubt.

You cannot successfully execute any project or start up a business when you and members of your team are not operating in sync.

I am a great believer in company culture over talent. As a company, we must have a set of core values, beliefs that we all share, like a bond that binds us firmly together. It is not enough to be brilliant and even hardworking. If we are not in agreement, we cannot make any progress.

If the only thing that binds you to your team, staff or business partners is money, I think that is just a terrible agreement and the odds of such a business to stand the test of time is very minimal.

We all have to share a bond, a connection much stronger than money. That is the first step towards building something great.

 


Interested in building innovative business ideas?

Since 2014, #TMP has been empowering people to learn, collaborate & build out innovative business ideas. #TMP is an online innovation hub.
Sign up today and get access to our private community of innovators.