Social Trader Africa Business Radio

The trouble with trying to be everything to everyone is that companies inevitably fail because when they say yes to every request, they end up watering down their core competencies to the point where they can’t differentiate themselves. In this episode, Onoja shares some tips for finding the right customer and saying No, to the wrong one.

It often takes years of hard work, long hours, and no recognition to become successful. A lot of entrepreneurs give up, or fail for other reasons, like running out of money and being unable to keep up with the requirements of being an entrepreneur.
Statistics show that over 50% of all businesses fail after five years and 40% of startup failures are due to a bad fit, followed closely at 38% from lack of time and involvement. In this episode, Onoja highlights 5 red flags, you are not cut out to be an entrepreneur, and the CEO, Oga Collections, Paul Oga takes us through his journey in the entrepreneurship world.

Regardless of how small or inconspicuous you may think your business is, having cyber security measures in place to protect your business’s data is a non-negotiable responsibility of every business owner and startup entrepreneur. In this Episode, Onoja shares safety tips to secure your business.

To really survive in the business world, there are some rules which matter more than others. Most who manage and own large businesses, who, at one time, were struggling in their own start-ups, will inform you that, there are definitely some steps and strategies you need to hang on to, to reach your goal. In this episode, Onoja shares some important strategies to sustaining business growth.

Financial risk is often an inherent aspect of running a business, but you can counteract it with good risk management. To protect your organization and profitability, you need to identify the potential threats to your company and find the appropriate solution. Hence on this episode Onoja shares some vital methods on how a business owner can secure their business. Funke Owolabi founder and chief executive officer Ellora&Co shares her experience with us as an entrepreneur.

Savings and investments mean you have something to fall back on when you are down and out. This holds true for everyone. For an entrepreneur, it is even more important because he understands equity is more expensive and comes with a rider to take away profits from you. With the smart saving and investment decisions, you can buy out those equities and you will also be able to own other businesses. Uriel Uputa a serial entrepreneur was on to spice up the show

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