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Experts and top stakeholders in the business and
investment sub sector of the economy have counseled young entrepreneurs on key issues to address for the survival of their ventures.
This is just as they imploy the Federal government and the nations universities to change their curriculum in other to adapt to new global realities for entrepreneurs in the country to catch up.
Messrs Tim Akano the Chief Executive Officer of New Horizons Nigeria and Adekunbi Ademiluyi,who represented John Obaro ,CEO of System Specs Holdings spoke on the sub theme,The Game Changers at this years Worldstage Economic Summit held in Lagos.
Tim Akano,CEO,New Horizon,Nigeria
According to the duo,young entrepreneurs need to conquer fear of the unknown to succeed in new ventures just as they counsel them to adapt local initiatives to be able to stand up to challenges.
According to Akano,the need to develop the spirit of perseverance,solve the skill gap problem ate crucial to success in the economic environment.
This is just as he urged young entrepreneurs to identify a particular problem they want to solve in their venture and equip themselves with enough knowledge adding that primary motivation to make money should not be the goal of young entrepreneurs .
Said he,”They must be driven by a passion to solve a problem and pursue breaking opportunities available in the environment to achieve their goal.
The young entrepreneurs he said must also vet the right Team and staff without which the venture will fail from the starting point.
While the need to go into such venture prayerful is also key.
In her own contribution,Ademiluyi of System spec advised young entrepreneurs to first understand their passion such that when they face issues,they will focus no their goal without been distracted or discouraged.
Said she,Idealition is about asking right questions and listen to consumers of their products so as to ret what they want and offer such product or services”
“Start-ups have to conceptualize ideas,create
Mrs Adekunbi Ademiluyi
value proposition and start small”.
She posited further that young entrepreneurs ha e to understand their traction and” properly define your breakthrough period and embark on customer satisfaction.
As for her,for a new start up to survive,entrepreneurs must cut their life style “and create simi level of comfort”.
In all these,she contended that a good Business Plan,your character and Team ate important adding,”your idea has to resonate and sellable as not all viable ideas are sellable” .
She called on the government to improve on the countries educational system,update curriculum of universities and provide amenities like alternative power supply for the country to move up the ladder”
