Five Tips For Every Young, Aspiring African Entrepreneur

Ventures Africa

I just came across an interesting article entitled Five Tips For Every Young Or Aspiring Nigerian Entrepreneur. It’s on the Ventures Africa website. Ventures Africa is an interesting bi-monthly print magazine and online business news service. Despite my love for Nigeria and its industrious people, I decided to replace the adjective Nigerian with African because I sincerely felt that the advice in the article is applicable across our 54 nations and indeed beyond our continent.

VENTURES AFRICA – “Entrepreneurship is not for everybody,” says Ini Onuk, CEO and Lead Consultant at ThistlePraxis,” the technicalities of running a business is different from your talent and creativity,” she adds, citing an example that qualified medical doctors, do not necessarily possess the requisite skills to manage a hospital.

Speaking on the Mara Mentor Talk Show, Onuk, who is an experience management consultant and a Mentor, on Africa’s largest entrepreneurship community, Mara Mentor, shared tips for young Africans who are continuous venturing into the entrepreneurship space.

“A role model is different from a mentor,” she says, “a mentor is someone you have an on-going communication and relationship with, thus young entrepreneurs should focus more on getting mentors, not necessarily role models.”

See Ini Onuk’s 5 tips for young African entrepreneurs below:

Go beyond be basics of what you do. Pay attention to your business and be the best at it. Break boundaries.

Put structure in place. Lack of structure helps businesses to fail. Although it is okay to start without a structure, but as soon as you do, start putting structures in place. Do not hide behind the myth: start-ups don’t have structures.

Never get comfortable. Mrs. Onuk shares this same philosophy as Steve Jobs, whose “stay hungry, stay foolish” idea keeps inspiring entrepreneurs worldwide. She however adds to it, as she says, “be consistent and be very conscious of customer service.”

Seek knowledge and improvement continuously. Trends change every day, so be abreast with the latest in your industry, and even beyond that – take cognizance of everything.

Take risks. Don’t stay in your comfort zone. Don’t be risk averse; always strive for greater heights, but in your entire risk taking, be strategic.

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