Are you building a business? Are you sure? Here are 3 questions to consider

Not too many people know the difference between self employed and building a business.

If you work on Fiverr… you are a freelancer, not an Entrepreneur.

If you sell Ankara fabric from door to door or sew clothes in your shop. You are not an Entrepreneur… you are a freelancer.

Don’t let me get started on all those “Contract-preneurs”. A contract-preneur runs after big contracts and quickly hacks together an adhoc staff to execute projects. No loyal, long standing staff.

In each of the scenerio described above, you have merely created a job for yourself.

Which is good…

…however, unless you move up the ladder and build real business systems, business structures around what you do… you will work till you die.

Only big businesses outlive their founders. That is why Mama Shukura canteen closed up after she passed, while KFC keeps posting profits every year and expanding into New countries.

3 ways to know if you are building a business or not.

1. If you went on a 2 week holiday, would your business continue to run and grow? Will you meet a business when you return?

2. Are you accountable to your business? Allowing your business financials to exist completely outside yours?

3. Do you have concrete expansion goals completely mapped out with the needed strategy, training, plans, mentors, and corresponding actions?

Now, it is ok if the answers are not so positive right now, but please commit to thinking about these questions and making the needed adjustments.

My generation needs to birth big businesses. Business Empires from Nigeria can take on the world.

We have the capacity to do so. It is the knowledge that has been missing.

Amongst other things, I believe my calling is to help Entrepreneurs and Professionals build systems that rapidly scales their business into multi-million Naira Empires.

..and that is why I love the mission of this community. We must build big businesses and become Industry leaders.

Building a real business requires 2 major things: capacity and systems.

You must develop the capacity to handle big things and be able to design systems to get it done.

We must be ready to learn, strategize and build globally relevant companies. It is not good enough to be average.

The age of mediocrity is over.


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.