In this Entrepreneurship And Business Startup coaching In Abuja Nigeria, we will take you by the hand and lead you to success in your business using our over 10 yes experience of building successful businesses in Nigeria.
You don’t need to make the mistakes that we made, and it does not need to take you a long time as it took us to achieve success in your business
with us as your business coach, you won’t just start a business…but you will Start a successful one!
“Trial and error are the ways of progress. A capacity to enjoy the trial and error adventure is a common characteristic of successful entrepreneurs.” Grant Hooker
If you’re looking to succeed with your start-up, mentorship is everything.
To succeed in business, you need a business coach , a business mentor that will guide you to success
Starting a new business can be scary, but you don’t have to do it alone. Possibly, You have friends that are too eager to help you.
But unfortunately, those friends have probably never started a business before. If they have, there’s a good chance that it failed within a few years. 65% of small businesses fold within the first five years.
So here’s the issue: You may have plenty of support from people around you, or you are doing it all alone. but you don’t have the knowledge you need. The solution to that knowledge is having A business coach or mentor. What is a business coach? So glad you asked. Generally, it’s someone that has successfully founded or run a company, and available to leverage their experience as insights for you to build your own successful business
What is a business coach or a business mentor ? So glad you asked. Generally, it’s someone that has successfully founded or run a company, and available to leverage their experience as insights for you to build your own successful business.
The truth of the matter is ..
Most business owners looking for advice on how to grow their company have a limited amount of resources to turn to.
You will agree with me that there are countless online articles and Ebooks on how to build and grow a business, but, at the end of the day, every business is unique and generic advice is hardly a suitable substitute for personalized guidance.
Thankfully, there’s now a service —business coaching and mentoring in Nigeria where business owners can receive the personalized guidance they need to answer their difficult questions and make their organization a success
Why do you need a business training in Abuja Nigeria (business coaching and mentoring)
In this entrepreneurship and startup training in Abuja Nigeria, you will learn From Others’ Mistakes
So why exactly do you need a business coach? Isn’t that going to eat into your money? Nope — not if you invest in the right one! Yes, quality coaching isn’t free, but by side stepping most of the common errors rookie entrepreneurs make, you could save a fortune in the long run. Essentially, you’re paying a small price to avoid some highly expensive errors these mentors have probably already faced.
And don’t get me wrong, I believe that learning from your own mistakes is important. However, those mistakes could tank an otherwise flourishing company. In reality, you can’t really afford to make all of the possible mistakes that will pop up.
The fact is that over , 50% start-up failures are due to incompetence. In fact
Why Most Business Coaching in Nigeria Is A Waste Of Time
It’s true — many business coaching programs are a waste of time. The problem with many of today’s business coaches and coaching programs is that they are focused on mindsets, motivation and emotions, and not on implementing proven best-practice systems, strategies and action steps that will actually grow a business.
The vast majority of business coaching programs invest most of each coaching session trying to motivate the entrepreneur and discussing how he or she feels. Rather than focusing on developing, marketing and selling products and services that people actually want to buy, many business coaching programs have essentially become quasi-psychologists for many lone-ranger entrepreneurs in search of somebody who will finally understand them and the inherent loneliness often associated with founding and growing a successful company.
Evaluating The Start-Up Decision in Nigeria
So, you have decided that entrepreneurship might be for you – the idea of being your own boss appeals to you and you are interested in joining the thousands of Nigerians who strike out on their own every year..
DEVELOPING BUSINESS IDEAS AND OPPORTUNITIES
You may have considered the prospect of starting your own business many times before. The thought of being your own boss – calling the shots, being responsible for your own financial rewards – is very alluring. You may have had the drive, the experience, and the financial resources necessary to succeed. The only thing stopping you was figuring out what type of business you should start.
If this sounds familiar, you are in good company. Most entrepreneurs in Nigeria take a considerable amount of time investigating, analyzing, and agonizing about the right type of business for them. They may have a multitude of ideas, but are unsure which one of them would be the most satisfying and successful.
The opposite is equally common: they do not have a business idea, but know they want to be an entrepreneur.
How do people come up with ideas to start businesses and how do you know if an idea would make a good business?
In this business coaching and entrepreneurship in Nigeria, we will work together to analyze your business idea and the Business Opportunities therein
Often, business ideas are generated from a problem in the market place:
A group of people have needs that are not being properly satisfied.
This leads to an idea for the solution to the problem.
If the idea can be proven to be viable, a business opportunity has been created.
As an entrepreneur, you must learn to look at situations from a whole new perspective. You must look beyond what is there and imagine what could be there. The possibilities are endless. The opportunities surround you.
You will learn the why most business fail. —starting business because of profit and starting business to solve a problem
We will show you how to recognize problems and visualize solutions and Learn how to tap into your creative side
EVALUATING YOUR IDEAS
Discovering business ideas is only part of the process involved in starting a business. The ideas must be screened and evaluated to determine those which warrant further investigation.
The following checklist includes a number of questions that this entrepreneurship training and coaching will use to guide you through an initial screening and further direct your research efforts.
|Business Opportunity Checklist Market Issues|
|Is there a need for the Product/Service?|
|Is there a trend that supports the need for the product or service?|
|If the product or service is successful in a different geographical area, have you considered these differences?|
|Is the market large enough to support the idea?|
|Can the product or service be produced for a reasonable cost?|
|Will the customer pay the price required to generate a profit?|
|What are the profit margins in the industry?|
|Can the product or service be delivered within a reasonable time frame?|
|Are there industry changes that may affect production or delivery of the product or service?|
|How frequently does new technology change the way your industry does business?|
|Does the idea coincide with your own values and beliefs?|
|Is the idea an extension of your work experience, hobby, and education?|
This Entrepreneurship training in Abuja Nigeria will help you consider the all-important question: What are the qualities and personality traits that come together to make the successful entrepreneur?
Qualities and personality of a successful entrepreneur: Motivated and Motivating
Entrepreneurship has no built-in status and no guaranteed perks or income level. Entrepreneurs therefore are not motivated by status or money, but instead they have a high need for achievement.
Their greatest satisfaction is derived from the excitement and challenge of creating and building a business. For this reason, they are never content with the status quo and are not comfortable resting on their laurels. They always feel that things could be done better, more efficiently, more effectively — and they are constantly solving problems and improving their practices.
Qualities and personality of a successful entrepreneur: Determined and Dedicated
Determination, dedication, perseverance, commitment– many consider these to be the most important of all the characteristics of the entrepreneur. In fact, strength in these areas can make up for many other areas of “weakness“.
Starting a new business is never easy and these characteristics are necessary tools for those who persevere through the difficulties of start-up – the practical implications of which can put anyone’s dedication and determination to the test.
Qualities and personality of a successful entrepreneur: Optimistic Realist
Successful entrepreneurs combine natural optimism with a healthy dose of realism. They are very self aware and possess a keen sense of their own strengths and weaknesses. They are objective and can examine themselves and their ideas impartially. They know when they are beyond their capabilities and have no problem seeking help from experts. In pursuing opportunities, the entrepreneur is not fool-hardy or stubborn.
In fact, despite their dedication and determination, they will give up the pursuit of an opportunity more quickly than most if they perceive it will not deliver the promised benefits. This – combined with the fact that the entrepreneur possesses a keen understanding of their competitive environment and an intimate knowledge of their customers – means that entrepreneurs do not waste their efforts.
Qualities and personality of a successful entrepreneur: Self-Confident and Self-Reliant
Entrepreneurs have tremendous confidence in their own abilities. They are optimistic and believe they can achieve anything. In fact, they believe that the impossible just takes a little longer to accomplish. They believe that they have been the most important factor in their own success and feel that luck (although welcome) has not been a major contributing factor. During the course of their lives, entrepreneurs have not been heavily involved in team or group activities. They do not have a great need for affiliation. They can get along with many different personalities but do not need to have a lot of friends. Their belief in their own abilities means that they do not need to seek approval in making decisions and they are comfortable with the fact that it is “lonely at the top”.
Entrepreneurs have a strong success orientation but it is their own definition of success that is important and that definition is a constantly moving target. They are not content with just being better than others; they want to be better than their own best results. They are action-oriented and want to begin achieving results immediately.
Successful entrepreneurs need not only be self-motivated, but must also be able to motivate others. They are visionaries with a clear idea of what they want to achieve. Because, as we have seen, they have little time for hierarchy, entrepreneurs can exert influence without a formal structure. They are able to inspire people to work towards a solution; they are skilled in conflict resolution.