The first step to converting a small business into a big business

As a business consultant of some repute for getting things done and transforming businesses I work with, one of the most frequent questions I get asked is this: “how do I grow my business?” in the context of… my business operation is small, need to make it bigger.

Indeed, this is a top-of-the-mind question for Entrepreneurs and business owners, especially after running the business for a couple of years.

Not everyone realises this, but funding is never the primary reason for failure to scale up a business. Serious.

Money is important in starting a business and keeping it running of course, I will never deny that. What I am really saying is that getting access to huge financing will not automatically fix your business challenges and make the company bigger.

Some things are more important than money in building a business. Some critical life skills are among them.

To transform your small business in to a big one, be ready to get organised.

Yes, so simple. Yet one of the biggest challenge small business owners face is the challenge of getting organised.

If you cannot organise yourself and manage your time effectively, you cannot grow bigger. This is simple logic.

You have only 24 hours in a day, within 24 hours… you must generate all the money you want to generate, there is no extra time anywhere else.

In order to do that, you must learn how to use your own 24 hours most effectively.. round the clock optimisation and how to also “borrow” the time of others so that together you can achieve more than if you guys worked individually.

You must learn how to organise yourself… then you must learn how to build, and manage an organization.

You cannot lead others if you cannot lead yourself, that is a major disaster brewing.

If you do not take these first steps, you might just be never able to realise your dream of converting your smaller business operation into a larger one.


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The easy parts and hard parts about building a business

There might be a million things to do every day with regards to building a business, however… at its core. Business is not so complicated.

A lot of Entrepreneurs (myself included), can easily explain their business model in like 10 lines of text. Nothing complicated.

The core of business is about fulfilling a need; solving a problem people know that they have.

The hard part is execution.

Making money is easy, the hard part is figuring out how to consistently keep making the money and how to scale up your operations, so that you can consistently be making more money.

That is why for long term success, we have to commit to 2 things: a vision and consistent capacity development.

You can never grow your business and make money beyond the scope of your vision and the amount of capacity you have developed.

It is simply impossible to do so.

You need to start to exist for reasons beyond making money so that you will not starve to death (spoiler alert: you do not need to start a business to survive). When people dabble into business building without a vision, they do not succeed in the long term.

They may make some money, even millions in business, but without that overall vision driving them, things eventually stall and the downward spiral begins.

A related issue is building capacity.

Some people’s mind can simply not handle anything serious.

The first time I started thinking about making millions from my business, I realised back then that it would be hard to maintain and service so many customers if I was serious about scaling my business into millions.

It is simply a lot of work.

Some people only have the capacity to run a multi-thousand naira business, nothing more.

A few have developed the capacity to run business in millions. They can handle it.

Good news is that anybody can decide to develop this capacity to handle serious things if they care to do so.

Going forward, as technology closes the gap and wipes out a lot of jobs, it becomes more and more important for you to develop a vision and the capacity to build it out on a large scale.

You cannot continue to play small for too long.

The formula for running a business is easy, but getting it done is hard. You need to get to work now.


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.
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Breaking Forth… (Checkpoint 2017)

I set a tons of goals for myself last year and I went all out to try to nail them. Every. Single. One.

I discovered what men have always discovered: goal setting is easy to do on paper but difficult to pull off.

My core mission is to help people become the best version of themselves, that is the mission. In order to achieve this, I build powerful solutions that greatly enhances how people live, work and play. I also do a lot of teaching, training and rigorous discipleship.

And since November 8 is my birthday, I figured it was a great day to reflect on the journey and see how to go from here.

How is it going?

I tried to nail every goal I set last year, while I smashed some of the goals and performed well on some others, some of the bigger goals did not play out so fine. 

I am yet to develop a community of 10, 000 entrepreneurial minded people and Gistcaster is far from working well enough for me to open up and do the massive push I want to.

I take solace in the fact that we performed extremely well in other micro goals. Out of nowhere; we built 2 highly engaged and interactive community in the space of a year. Even if it is not 10, 000 man strong. 

It all taught me to be persistent. Until the goal is achieved, we have to continue trying to find a way. 
Our training and discipleship initiatives has been opened up to more people and we are able to impact a lot of people in short time. The Qahal is really taking shape!

Overall, I am in a much better position than I was when I last wrote my checkpoint in 2016.

I ended up rebranding GYB into Morebise Wealthy Network, and the Digital Jobs for Ikere-Ekiti Youth initiative is looking good as we have managed to generate more awareness about what we are trying to do and creating anticipation about our next moves.

This year, we attracted attendees from neighboring cities and states for our workshops and seminars and interned several attendees, helping them to further master acquired skills.

One thing that really moved the needle for me this year has been my digital marketing skills. I invested a lot into strengthening my skills in that regard early this year and it paid off big.

I do not think I have cracked the pot open yet, but the feeling is great.

I had to exercise some caution though: marketers tend to play a loose relationship with the stark Truth and that is one boundary I will never cross. So, I take what I am comfortable with and throw away the rest.

I am not an information marketer. I transform people by subjecting them to training and discipline. See?

Anyways, I have certainly experienced a great leap all around… and now, I must do more.

Looking ahead

Personally, I am focused on developing a stronger character, integrity and excellence going forward.

I have proven I can be consistent in my work, I am “very stubborn and quite arrogant” – nothing more to see here. I also gave up on the conventional focus several years ago and it is working for me.

By conventional standards, I am not focused and I intend to keep it that way.

However… I realise that you need a strong character and high level integrity if you will last long on this path I have chosen.

So, I want my words to be my bond.

I want my words to carry power.

I want my words to mean something.

If we add work to our agenda. It must get done, not to be shifted!

Oh! when will I become like the Lord… He declares what he wants and then sets out to work it out… without excuses.

Men will make more progress when we also declare what needs to be done and then set out to work it out.

I want to be a man of my word.

This new year, one of the most important things for me to do is to grow our community.

I must grow my following and expand the community.

I have a message: “Wealth creation through inventing and innovating and executing ideas excellently”. I realise this message is important because it seems to me that it could be the key to destroy poverty once and for all!

I want to grow a following of at least 100, 000 people over the next year. I also have managed to actually break this down a bit into how fast I must grow every month.

I have taken a final decision with regards to #TMP, it will become a weekly affair.

I have to work harder on my Facebook page and YouTube channel, using them as a vehicle to push into the hearts and minds of new people.

I am also *completely* focused on growing our 3 major platforms:

Wealthy Network: training, empowering and creating opportunity for every member. I am flirting with an idea I call Wealth Builder… a system that will help people to build lasting wealth.

It is all still quite fuzzy, but basically… you will be able to save your money and then grow your money through positive peer pressure, proper education, empowerment and investment opportunities.

CloudPitcher: Working with Entrepreneurs to start, run and scale their companies online. This is my major cash cow and a conventional business.

We have developed a couple of marketplaces here and will do more in this new year. We kept YangaExpress shut down as we ended up deciding to retool OneCrier into a life changing downloads marketplace.

For me, I felt digital downloads is a no-brainer. A low hanging fruit I can quickly grab and then scale up.

Gistcaster: my location based information and interaction system that has been my obsession since 2009 or so.

We actually have beautiful plans for this, but the route we are taking is quite a slow one. Age has slowed me down… I mean that in a good way.

Growing a project like Gistcaster takes a lot of patience and contentment. I have developed both traits.

These things are not easy, but that is fine. Some of us are just cut out to take things hard, so that billions of others can take things easy. 

So, 2017 was not the breakout year we were waiting for, but I’ll just give it another go! 

I have a feeling that this new year will entail a lot of work that will result in a very dramatic result. 

I just remain cool, calm and pressing forward with greater determination. 

My super power might be that I mean things I say and never never give up! 

I am Ade – kankun – mola – nrewaju, son of Olanrewaju Morebise

Happy Birthday to me! The Inveterate Schemer!

P.S.

I have nothing to say about family and relationships this year, but when I write up my checkpoint next year (If God permits me), I am sure I will have something zabar to write about.

 


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.