Charism:
Entrepreneurship seems to be the order of the day today, the press glorifies it, government officials put lots of emphasis on it as the only way out of poverty, its even a compulsory course for all university students. NYSC is all about it, from your afternoon lectures in camp, to your SAEED. But is it really worth it? Are they telling us the truth, or is it mere propaganda by politicians to give excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it by starting up their business, we are told to emulate the likes of Dangote, Otedola, mike Adenuga. But the bitter truth is that not everyone will make it like Dangote. As a matter of fact the chances of Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, if you believe in the determination, nothing-can-stop-me mantra, you might probably end up with a small food-stuff shop/kiosk business, or like the road side akara seller whose income would not be enough for you to start a family. If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

Charism:

People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

mandarin:

Agreed but what you termed as buying and selling as in the case of Nigeria is not the way to grow an economy. Its simply importing what were produced in another country and sell in your country.
Entrepreneurs use resources in their countries to produce needs or to meet needs for example, a baker uses Nigeria made cassava flour to make bread. Tailors sow made in Nigeria Ankara or fabrics to make Aso Ebi, that is growing economy not buying from Taiwan and selling in Nigeria.
And that sector of buying and selling is about 11% of the GDP but who produce what is sold?
Growing the economy need entrepreneurs who want to meet needs in the society.

RedCapChief:
There is nothing like luck, there is only discipline, hardwork, opportunity and preparedness to take said opportunity.

Charism:
Entrepreneurship seems to be the order of the day today, the press glorifies it, government officials put lots of emphasis on it as the only way out of poverty, its even a compulsory course for all university students. NYSC is all about it, from your afternoon lectures in camp, to your SAEED. But is it really worth it? Are they telling us the truth, or is it mere propaganda by politicians to give excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it by starting up their business, we are told to emulate the likes of Dangote, Otedola, mike Adenuga. But the bitter truth is that not everyone will make it like Dangote. As a matter of fact the chances of Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, if you believe in the determination, nothing-can-stop-me mantra, you might probably end up with a small food-stuff shop/kiosk business, or like the road side akara seller whose income would not be enough for you to start a family. If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

oneolajire:
Nigeria is a country where all big investors have no inventions (tangible or intangible) to their credit. Bill Gates, Henry Ford, Michael Dell, Thomas Edison and the likes all have products to patent, but most entrepreneurs we have in Nigeria have invented nothing and have made it through dubious means. 

Entrepreneurship/vocational education is government's way of telling the youth and graduates that she (the government) lacks industrialisation and job creation strategies while the youth have been left to fate.

Entrepreneurship/vocational education is government's way of making the youth/graduates look intellectually lazy and burdensome as well as telling them that they are have been abandoned in the valley of unemployment. Unemployment rate increased simply because government owned industries and companies get strangulated by the python of corruption as well as the refusal of the government to establish new ones.

Entrepreneurship in advanced countries is about innovations, inventions, improvements, expansions, people and institutional empowerment. Modern and sophisticated skills are being utilised to manufacture goods and services which culminates into abundant job creation.

Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice and the economy, as they also have little or no impact on the international market. 

Entrepreneurship in Nigeria is also of the rich that colludes with the government to defraud the masses, destroy public corporations and infrastructures in order for them to import alternative goods. The rich set up few enterprises and often pay peanuts to their employees in order to increase their wealth; culminating into increase in poverty level and underemployment in the country.  

The government of advanced countries often invest billion of dollars on education and research, so they always have intellectuals who will offer innovative products and services to the world. These products and services are initially developed into small scale businesses as they many even grow into large enterprises. While Nigeria keeps wasting hard earned funds on Small and Medium Scale (SME) development, yet the businesses are nowhere to be found.

Only an insane person will keep doing the same thing the same way and expect a different result. Am yet to see a nation that got developed by investing so little on the education of her youth and students but spend so much on SME propaganda. Still searching for a nation that gave nothing more than mere, non-professional, common, stark and non-sophisticated skills/training to her youth and achieved rapid industrial development.

Why should we buy a trailer engine, fix it in a car and try to make it compete with an aircraft? Why should we make people earn mere skills and expect them to compete with foreign sophisticated technologies? We have to know that the issue of local production of goods and services is a serious competetion with the developed nations.

Some questions for the proponents of entrepreneurship/vocational education.
 When will out textile, fashion and leather industry be able to make products of international standard? When will a Nigerian mechanic be able to manufacture car engines and other motor parts? When will our furniture makers be able to make furniture that will compete with ones made overseas? When will a computer repairer be able to produce motherboards, memorycards, monitors, just to mention a few?

Take a look at the furniture industry in Nigeria, you'll discover it is almost dead because foreign furniture has flooded the Nigerian market. Foreign furniture makers have been able to introduce much variety of products with various designs, even at exorbitant prices, yet people still buy them. Imported furniture  attains this much because modern machines are regularly produced to make new designs of furniture, but here in Nigeria, we only buy simple tools, we don't engage in design and manufacture of  machines/tools to be used in the furniture industry, so we are perpetually making furniture that cannot compete with the foreign ones. It is only engineering provide modern machines, stack entrepreneurship cannot.

Entrepreneurship and and vocational education has never helped Nigeria in the manufacture of modern machines for production of finished goods that can compete favourably with imported ones. The best entrepreneurship has offered us is to use social media means to engage in selling of imported products as well as setting up of few businesses with the use of foreign machines. It is appaling for government to still keep preaching the sermon that can never bring solutions to us.

Every sector of the Nigerian economy has been badly affected by the erroneous policy of entrepreneurship and vocational education. From the agricultural sector to the transportation sector, from manufacturing to education, from construction to entertainment, name it, we have rendered our nation incapacitated when it comes to production of goods and services. There can never be abundant job opportunities as long as we keep executing this lame practice. 

I wonder why we have not giving so much vocational training to professional operating as doctors, nurses and pharmacist in the medical field. We give this set of people trainings that can make them compete favourably with their foreign counterpart. I believe it should appear proper to the government to substitute entrepreneurship and vocational education with the training they receive in the teaching hospitals.  The government (after emptying the laboratories and workshops of polytechniques and universities) substituted requisite training for our engineers and scientist with entrepreneurship and vocational training, so they are rendered handicapped when it comes to provision of modern goods and services as well as job creation.

It is high time we changed our job creation policy of entrepreneurship and vocational studies to provision of qualitative education at all levels, especially science and technology education so that Nigerian graduates would possess requisite modern and sophisticated skills for our nation and the world market at large. It is only qualitative education and intensive research that can initiate intellectual thinking for creation of innovative goods and services.
 
Entrepreneurship and vocational studies have been found to have contributed immensely only to economy of nations with massive investments in education and research. Singapore and South Korea are the examples of nations that have eradicated illiteracy and have invested huge funds into science and technology education, so entrepreneurship thrives there.

Let the laboratories and workshops of our secondary schools and higher institutions be adequately equipped with modern and facilities so as to provide avenues for learning practicals. We need to replicate the likes of Bill Gates and Mark Zuckerberg who utilised the qualitative education they obtained in the tetiary institutions to create worldwide business ventures in their fields.

Glad to see ur post, glad tosee that Nigerians are now aware of the scam called entrepreneurship. God bless Nigeria

Charism:
Entrepreneurship seems to be the order of the day today, the press glorifies it, government officials put lots of emphasis on it as the only way out of poverty, its even a compulsory course for all university students. NYSC is all about it, from your afternoon lectures in camp, to your SAEED. But is it really worth it? Are they telling us the truth, or is it mere propaganda by politicians to give excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it by starting up their business, we are told to emulate the likes of Dangote, Otedola, mike Adenuga. But the bitter truth is that not everyone will make it like Dangote. As a matter of fact the chances of Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, if you believe in the determination, nothing-can-stop-me mantra, you might probably end up with a small food-stuff shop/kiosk business, or like the road side akara seller whose income would not be enough for you to start a family. If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

Craven:
they usually lack all the important factors that a startup needs for expansion and growth. All they are concerned about is 'making money' and 'working on your own time'.

The truth is not every business started by an aspiring entrepreneur will survive or grow. The reason for this, amongst many others, include:

* The harsh economy (the main reason, actually)
* Lack of proper financing
* Lack of business management skills (people fail to acknowledge the strategic aspect of owning businesses - their own understanding of the term 'entrepreneurship' is 'owning a small business' - they fail to see that entrepreneurs are creative, innovative, and consistent people)
* Lack of innovation by an aspiring entrepreneur (another important factor people fail to acknowledge; there's actually a Nairalander advertising his ability to make a forum exactly like Nairaland - no creativity whatsoever.

JeffreyJamez:
To me...this article is thick BS!... ...you know how much the akara sellers take home per day?.... or those people who roast plantain?.... just because it looks petty doesn't mean money is not made.... what is the main aim of employment?...is it not to make money?.You talk about Luck?....there are people who have worked their way upup without luck...it's called Hard work. This article is for people who want to be entrepreneurs but are lazy!!. Sit down there and be waiting for "opportunities" ,don't look for something to learn that will give you money.

odeexpress:
In reality, entrepreneurship reduces unemployment. There are numerous entrepreneurs that are born, but many others are made. Facing challenges as an entrepreneur is not specific to Nigeria. Entrepreneurs in other countries face numerous challenges as well. It is true that we have our challenges like access to funds and poor infrastructure. However, most Nigerians equate entrepreneurship to buying and selling or opening a small business.
Entrepreneurship is a composite skill, which includes imagination, readiness to take risks, ability to bring together and put to use other factors of production such as capital, labour, land and other intangible resources. One of the qualities of entrepreneurship is the ability to discover an investment opportunity and to organize an enterprise, thereby contributing to real economic growth and creating jobs in the process. It involves taking of risks and making the necessary investments under conditions of uncertainty and innovating, planning and taking decisions.
All that is required is for the government to provide the enabling environment for entrepreneurs to thrive.

HAH:

No one is asking you to be Dangote or Otedola, what we are preaching is be like the bakery owner on your street, be the fashion designer next door or person that supply all the egg in your neighborhood.
I guess you will rather be an employee that receives 80k monthly, don't get me wrong am not saying you shouldn't be an employee but always look for a side business that you can fall back to, I left a job that paid me 480k monthly to be on my own, it wasn't easy being on my own it requires determination and hardwork sometime I felt like regretting why I left my job, but now anytime I see the assets I own and the people that feed under me I give God the glory
Your attempt at blaming politicians is a lazy man excuse,

davide470:
On one of the airlines in Nigeria, a son asked his mother: Mum, why are those people over there sitting far away from us? (He meant the First Class people)

The Mum answered, those are the people that have stolen Nigerian's money..

The bolded mindset is very acidic. Curtail it before it becomes a part of you.

Cheers

JeffreyJamez:



The post is just annoying I swear!.... and to think some people are even in support of the OP is just appalling.

Charism:
Entrepreneurship seems to be the order of the day today, the press glorifies it, government officials put lots of emphasis on it as the only way out of poverty, its even a compulsory course for all university students. NYSC is all about it, from your afternoon lectures in camp, to your SAEED. But is it really worth it? Are they telling us the truth, or is it mere propaganda by politicians to give excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it by starting up their business, we are told to emulate the likes of Dangote, Otedola, mike Adenuga. But the bitter truth is that not everyone will make it like Dangote. As a matter of fact the chances of Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, if you believe in the determination, nothing-can-stop-me mantra, you might probably end up with a small food-stuff shop/kiosk business, or like the road side akara seller whose income would not be enough for you to start a family. If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

mandarin:


Agreed but what you termed as buying and selling as in the case of Nigeria is not the way to grow an economy. Its simply importing what were produced in another country and sell in your country.
Entrepreneurs use resources in their countries to produce needs or to meet needs for example, a baker uses Nigeria made cassava flour to make bread. Tailors sow made in Nigeria Ankara or fabrics to make Aso Ebi, that is growing economy not buying from Taiwan and selling in Nigeria.
And that sector of buying and selling is about 11% of the GDP but who produce what is sold?
Growing the economy need entrepreneurs who want to meet needs in the society.

omoakin111:
I beg to disagree with the the points which u used to qualify the topic. You are debating on unemployment and you didn't explain what employment and unemployment is all about moreso you didn't tell us how employment is created and cite examples of countries or societies that solved employment problems without encouraging enterprises. From your conclusion I can denote that all you want is for the government to create jobs for people to work but you need to be reminded that even the few jobs the government have created they are finding it difficult to pay workers salaries. Don't discourage entrepreneurs if you don't know the way to make it there.

Charism:
Entrepreneurship seems to be the order of the day today, the press glorifies it, government officials put lots of emphasis on it as the only way out of poverty, its even a compulsory course for all university students. NYSC is all about it, from your afternoon lectures in camp, to your SAEED. But is it really worth it? Are they telling us the truth, or is it mere propaganda by politicians to give excuses for their failure?
Daily we are bombarded by happy ending stories of people who made it by starting up their business, we are told to emulate the likes of Dangote, Otedola, mike Adenuga. But the bitter truth is that not everyone will make it like Dangote. As a matter of fact the chances of Success is Very rare.
People who make it are the lucky ones, lucky in the sense that the have opportunities that others never had or will never have which they harnessed to their advantage.
Opportunities like capital, good location, skills, business climate, experience e.t.c. These variable are not things you have control over. Take for example Dangote started his business with just #500,000 (a huge amount of money during the 70's) given to him by his uncle Dantata (one of the richest men in nigeria at that time) who also groomed him in the tricks of business management. There are many people who have beautiful business plans out there, but no capital to fund them. Even when the capital is available, you don't any experience about the business climate of the business you are venturing into, its like a blind man crossing the highway unaided.
The truth of the matter is that not everyone is meant to be entreperneurs, if you believe in the determination, nothing-can-stop-me mantra, you might probably end up with a small food-stuff shop/kiosk business, or like the road side akara seller whose income would not be enough for you to start a family. If it were that easy, then our proffesors of business administration in our universitys, would have been top business moguls by now.
Truth be told, our politicians need to sit up! And make economic policies to would encourage investment and growth. If the economy is favourable, both entrepreneurs and employees, would be better-off.

omoakin111:
I beg to disagree with the the points which u used to qualify the topic. You are debating on unemployment and you didn't explain what employment and unemployment is all about moreso you didn't tell us how employment is created and cite examples of countries or societies that solved employment problems without encouraging enterprises. From your conclusion I can denote that all you want is for the government to create jobs for people to work but you need to be reminded that even the few jobs the government have created they are finding it difficult to pay workers salaries. Don't discourage entrepreneurs if you don't know the way to make it there.

JeffreyJamez:



The post is just annoying I swear!.... and to think some people are even in support of the OP is just appalling.

oneolajire:
Nigeria is a country where all big investors have no inventions (tangible or intangible) to their credit. Bill Gates, Henry Ford, Michael Dell, Thomas Edison and the likes all have products to patent, but most entrepreneurs we have in Nigeria have invented nothing and have made it through dubious means. 

Entrepreneurship/vocational education is government's way of telling the youth and graduates that she (the government) lacks industrialisation and job creation strategies while the youth have been left to fate.

Entrepreneurship/vocational education is government's way of making the youth/graduates look intellectually lazy and burdensome as well as telling them that they are have been abandoned in the valley of unemployment. Unemployment rate increased simply because government owned industries and companies get strangulated by the python of corruption as well as the refusal of the government to establish new ones.

Entrepreneurship in advanced countries is about innovations, inventions, improvements, expansions, people and institutional empowerment. Modern and sophisticated skills are being utilised to manufacture goods and services which culminates into abundant job creation.

Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice and the economy, as they also have little or no impact on the international market. 

Entrepreneurship in Nigeria is also of the rich that colludes with the government to defraud the masses, destroy public corporations and infrastructures in order for them to import alternative goods. The rich set up few enterprises and often pay peanuts to their employees in order to increase their wealth; culminating into increase in poverty level and underemployment in the country.  

The government of advanced countries often invest billion of dollars on education and research, so they always have intellectuals who will offer innovative products and services to the world. These products and services are initially developed into small scale businesses as they many even grow into large enterprises. While Nigeria keeps wasting hard earned funds on Small and Medium Scale (SME) development, yet the businesses are nowhere to be found.

Only an insane person will keep doing the same thing the same way and expect a different result. Am yet to see a nation that got developed by investing so little on the education of her youth and students but spend so much on SME propaganda. Still searching for a nation that gave nothing more than mere, non-professional, common, stark and non-sophisticated skills/training to her youth and achieved rapid industrial development.

Why should we buy a trailer engine, fix it in a car and try to make it compete with an aircraft? Why should we make people earn mere skills and expect them to compete with foreign sophisticated technologies? We have to know that the issue of local production of goods and services is a serious competetion with the developed nations.

Some questions for the proponents of entrepreneurship/vocational education.
 When will out textile, fashion and leather industry be able to make products of international standard? When will a Nigerian mechanic be able to manufacture car engines and other motor parts? When will our furniture makers be able to make furniture that will compete with ones made overseas? When will a computer repairer be able to produce motherboards, memorycards, monitors, just to mention a few?

Take a look at the furniture industry in Nigeria, you'll discover it is almost dead because foreign furniture has flooded the Nigerian market. Foreign furniture makers have been able to introduce much variety of products with various designs, even at exorbitant prices, yet people still buy them. Imported furniture  attains this much because modern machines are regularly produced to make new designs of furniture, but here in Nigeria, we only buy simple tools, we don't engage in design and manufacture of  machines/tools to be used in the furniture industry, so we are perpetually making furniture that cannot compete with the foreign ones. It is only engineering provide modern machines, stack entrepreneurship cannot.

Entrepreneurship and and vocational education has never helped Nigeria in the manufacture of modern machines for production of finished goods that can compete favourably with imported ones. The best entrepreneurship has offered us is to use social media means to engage in selling of imported products as well as setting up of few businesses with the use of foreign machines. It is appaling for government to still keep preaching the sermon that can never bring solutions to us.

Every sector of the Nigerian economy has been badly affected by the erroneous policy of entrepreneurship and vocational education. From the agricultural sector to the transportation sector, from manufacturing to education, from construction to entertainment, name it, we have rendered our nation incapacitated when it comes to production of goods and services. There can never be abundant job opportunities as long as we keep executing this lame practice. 

I wonder why we have not giving so much vocational training to professional operating as doctors, nurses and pharmacist in the medical field. We give this set of people trainings that can make them compete favourably with their foreign counterpart. I believe it should appear proper to the government to substitute entrepreneurship and vocational education with the training they receive in the teaching hospitals.  The government (after emptying the laboratories and workshops of polytechniques and universities) substituted requisite training for our engineers and scientist with entrepreneurship and vocational training, so they are rendered handicapped when it comes to provision of modern goods and services as well as job creation.

It is high time we changed our job creation policy of entrepreneurship and vocational studies to provision of qualitative education at all levels, especially science and technology education so that Nigerian graduates would possess requisite modern and sophisticated skills for our nation and the world market at large. It is only qualitative education and intensive research that can initiate intellectual thinking for creation of innovative goods and services.
 
Entrepreneurship and vocational studies have been found to have contributed immensely only to economy of nations with massive investments in education and research. Singapore and South Korea are the examples of nations that have eradicated illiteracy and have invested huge funds into science and technology education, so entrepreneurship thrives there.

Let the laboratories and workshops of our secondary schools and higher institutions be adequately equipped with modern and facilities so as to provide avenues for learning practicals. We need to replicate the likes of Bill Gates and Mark Zuckerberg who utilised the qualitative education they obtained in the tetiary institutions to create worldwide business ventures in their fields.

Glad to see ur post, glad tosee that Nigerians are now aware of the scam called entrepreneurship. God bless Nigeria

247notire:
No bro, no. The main issue is that except u have enough capital or access to capital you don't even stand a chance these days, then thrs the mgt issue... Govt creating jobs isn't abt the civil service but about creating the enabling environment so that industries and businesses can thrive more easily by making policies and decisions that would benefit the masses; the opposite of course is what we see today. Yes he did not go into details but if u read in between the lines you would have understood this, this is not to in anyway take away anything from entrepreneurship. I hope to be an entrepreneur too!

ideykwum:


I don't think you completely understand what entrepreneurs are and entrepreneurship is about. Entrepreneurs create value in a multiplicity of ways, depending on a country's unique identity, economic policies and globalization. These investments you are urging government to do will be done by entrepreneurs. There is no business on earth that wasn't started by an entrepreneur or a government with an entrepreneurial mindset. What this implies is that entrepreneurs create and sustain jobs (indirectly, even government jobs are sustained by entrepreneurs ); no true economic recovery can be done without diversifying the economy and improving the balance of trade. This can only be done through value creation via entrepreneurs.

I can explain further if you want, but please dont misinform people based on limited understanding. A lot will follow your reasoning via a bandwagon effect, and we may lose future entrepreneurial leaders. No one says entrepreneurship is easy, but the more entrepreneurs the more the odds of getting successful businesses and the better for the country.

Dearpreye, what's your take on this?

cutetopsey:
This is indeed a nip on the board! I totally agreed with the OP.


Though in the Nigeria of today, with all the listed factors by the OP that contributed to the successful business of Dangote, Otedola and co, youths of today can still get it right through entrepreneurship with available factors at their disposal.


BTW, check my signature on how to get rid of excess ugly belly fats

maxwell767:
I strongly agree with you........... Every where u go u hear something like "entrepreneurship" meaning that after spending so many years in the university hoping to get a good job that will enable u to to start up ur life... U will be then be advise to go into skills and acquisition... While they stay on top there without retirement.... If I had wanted to go into entrepreneurship... I won't have spent my time @ the university.... I would have jst use the money for my education and start up a business...

ITbomb:
Entrepreneurship strive in environment where something like the "American dream" is possible.

People talk about Dangote, Dangote got N500k at a time a brand new Peugeot was about N10k which means he got an equivalent of today's N50m.

And N50m in a northern environment where one person can be pushed up to the highest level if born into the right family can achieve same success today.

In present day Nigeria, the only set of people that can achieve that "American dream" going from nothing to something in Nigeria are the Igbos, every other billionaire in present day Nigeria has its roots in either oil money or politics money

ogawisdom:


Even if u dnt become a dangote at least u will earn a living through entrepreneurship than sitting at home idle. Ur thread is a beautiful nonsense

GrammarNazi:
The OP has raised some very valid points in his post. This is something I keep telling people; entrepreneurship goes beyond just starting a business. It's not enough to just say "I'm tired of submitting CVs or I don't want to work for anybody, therefore I'm going to start my own business".

Research claims that over 70% of start-up businesses fail within the first two years!

This doesn't mean people (especially youths) shouldn't go into self-employment ventures, but that we all need to be very careful before we use whatever little money we've saved or borrowed to start something we cannot continue.

We should all realise that the present economic climate of Nigeria doesn't favour all kinds of entrepreneurship (take agriculture for instance), even with all the lip service our politicians and motivational speakers pay to the idea.

Entrepreneurship means innovation and creativity, a deep understanding of the prevailing conditions of the market one wants to go into, and a strong desire/willpower to go the extra mile, while learning from one's mistake.

So before you think of yourself as an entrepreneur, ask yourself..."do I have what it takes to see this through"?

ideykwum:


I don't think you completely understand what entrepreneurs are and entrepreneurship is about. Entrepreneurs create value in a multiplicity of ways, depending on a country's unique identity, economic policies and globalization. These investments you are urging government to do will be done by entrepreneurs. There is no business on earth that wasn't started by an entrepreneur or a government with an entrepreneurial mindset. What this implies is that entrepreneurs create and sustain jobs (indirectly, even government jobs are sustained by entrepreneurs ); no true economic recovery can be done without diversifying the economy and improving the balance of trade. This can only be done through value creation via entrepreneurs.

I can explain further if you want, but please dont misinform people based on limited understanding. A lot will follow your reasoning via a bandwagon effect, and we may lose future entrepreneurial leaders. No one says entrepreneurship is easy, but the more entrepreneurs the more the odds of getting successful businesses and the better for the country.

Dearpreye, what's your take on this?

Charism:


How long would one continue to "earn a living"? "Earn a living" is too small to pay your bills, build a house, raise kids and marry. Believe you me, you will get tired at some point.

You can only "earn a living" to supplement your income.

ArcIbrahim38:
If entrepreneurship is not the solution...then please tell us what is the solution.