Business Capital versus Business Plans.

Someone once said, "blacks are Blacks' problem". I disagreed and he explained how an uncle gave him a shirt and shoe worth $4500 when he had earlier requested capital for his business from the same uncle but explained a lack of funds.

I smiled and said, your uncle is not your problem, Africans' definition of "capital" is the problem. When we hear the word 'capital' what comes to mind is huge sum.

He looked at me and nodded affirmatively. His uncle said he didn't have "that kind of money". I know many people have received that kind of disappointing response from people. The question is what is "that kind of money" called "capital"?

Start small, grow big.

Many young entrepreneurs prepare business plans with a huge capital base because they want to hit the ground running (start big). I'd rather say, break your business plans into small phases and milestones. For instance, I had a 100 million studio idea, but I broke into phases.

PHASE ONE: mini studio.

I didn't have to start the studio using pro equipment worth millions because the funds were not readily available. A mini-budget for phase 1 made me plan the whole studio around 5 million to 10 million. Then I set a growth plan for Phase two to step up the equipment and space.

Many businesses are still in incubation because of big budgets that are not available. Exploit the phase-by-phase business planning to start small and grow big.

Finally, for those who think capital has to be or is a huge sum of money, it doesn't have to be. Especially for peeps abroad, monetize the value of goodies you buy a home for young entrepreneurs to invest in their phases of business. You can finance a shop rent for them as against buying them $4500 worth of clothing, which is also capital. Capital is anything you put in a business to grow it.

Tayo Okanlawon.

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U.I Awo Hall Executives (Team Standard 2018) Cleared of Alleged Misappropriation of Funds

The two-year war that raged between the executive members (2018/19) of the Obafemi Awolowo hall (Awo Hall) University of Ibadan and the allegations laid against them by their Hall Warden has been settled, with the executive members exonerated of all charges. It was gathered that the excos had been alleged of misappropriation of funds and lack of accountability by the hall warden Dr. Mrs. Adedoyin Aguoru, which led to the dissolution of the executive body and a taint on the personalities of the executive members. In a joint letter signed by the president and made public by the executive members, it was made clear the proceedings from the investigation and the eventual acquital verdict given by the Students Affairs Division of the University. Below is the content of the letter: Re: Misappropriation of Funds and Lack of Accountability This is an avenue to state in clear terms the true state of affairs during our tenure as Hall Executives other than allowing the earlier false impres

MyMicraDiary#

Micra hit your car, you dey form Americana.. e be like say this woman na JJC for Ibadan.. she never learn how Ibadan women dey handle car bashing... Dem go first remove their shoe (most don't even drive with shoes anyway).. after that they will run out of the car very seriously towards the person that bashed them as if they'll cause some havoc, na lie o.. then they will start struggling with their phone either to call someone or to want to take picture of the plate number.. then they will stand in front of the car shouting, claiming all the rights wey no even dey road safety manual... This woman still dey there speaking fone.. issokay! Madam you go need spice this your Americana fone with small craze ni o.. na combo fit do am o.

Insecurity in Oyo State: Towards a safer Oyo State.

Blame game/Opposition game A wise man once said, "When you keep blaming others for every situation you're in, someday you’ll begin to look like you’re the mistake all along". This holds true of our politicians in Nigeria. When a new government spend a good portion of its administration to point fingers on the failures or bad gimmicks of the old/displaced government instead of thinking outside the box to proffer solutions to the dilemma at hand, soon they will start to appear incompetent and an excuse seeker. Blame game has been a sad trend in our polity in this country. The APC government at the federal level elected in 2015 spent their entire first term blaming the deposed PDP government for insurgency and insecurity. Yeah, this state of insecurity ended the PDP reign of 16 years and the same is about to end the APC reign because they've also failed to keep the nation secured. They are now a victim of the situation that brought them to be. I hope this same trend won

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