Archive for December, 2008

What Did Blogging Teach You In 2008?

Wednesday, December 31st, 2008

What did you learn from blogging in the year 2008?

It is the eve of the year 2009 and a ripe time to review the activities carried out in the year 2008. I see people around me taking stock, setting new goals for the new year and drawing up plans on how to do better in the year 2009.

As I go about my own review of how I have spent the year 2008, I realize that blogging as Nigerian Entrepreneur, took a considerable chunk of my time. So, I ended up asking myself the following  questions:

What value did blogging add to my life in the year 2008?

Well, not an easy question to answer, but simply put, I can sincerely say that blogging helped to highlight my personal strengths and weaknesses first as a person and secondly as an online entrepreneur. Some hidden traits were discovered and some real bad habits that I need to get rid-off were brought to the surface.

What have I learned from blogging? (more…)

Coping With Business Challenges

Monday, December 29th, 2008

How do you cope with your business challenges? For almost two weeks, I was unable to blog because my V-Sat equipment was faulty (apology to my regular readers). The supplier of the equipment do not really care much about after sales customer relationship since they maintain a monopoly in the market.

So, instead of being treated as a king, I was begging for attention. Their support staff were in holiday mood and not quiet supportive. I went to their office, (which is several kilometers from my base) at least four times.

At first I was angry that the first staff that attended to me on phone was ignorant of what the solution to my problem is, yet he spoke authoritatively as if he knows what I needed. He told me that the problem was from their transmission base and not my equipment! Almost five working days was wasted by that guy who kept on telling me to be patient that the fault will soon be rectified.

When I eventually got tired of waiting and I went to their office, it took four trips before the engineer attached to the case could figure out what exactly the problem was.

My reaction

I have learned the hard way that health is indeed wealth. After doing my utmost to get the fault rectified before the Christmas holiday, I left the issue and went on an holiday trip where I thoroughly enjoyed the Christmas celebration in the midst of family and friends.

I resumed this morning and took another trip to the ISP office. Within 3hours, the whole fault was rectified and I am back online. Of course, I had to pay a huge amount of money for the replacement of the part that was faulty. Did I feel the payment was fair? Far from it. I am just waiting for a competitor to arrive in the area and I will abandon the present Internet Service Provider because I feel cheated and I rate their after sales service at 1 out of 10marks.

Perhaps you are having a business challenge and you have done all you could, but nothing sheems to work, I suggest you take a break. When you return you will be better prepared to tackle the challenge head on. Cheers.

Success Story – Superflux International Limited

Monday, December 15th, 2008

A Nigerian Company, Superflux International Limited has won the Pioneers of Prosperity Africa Awards 2008. Who says good things can’t come out of Nigeria?

I’m using this post to congratulate Superflux International for winning the Awards and also to challenge other African Entrepreneurs not to relent in their efforts. Media organizations within and outside Nigeria give wide publicity to con-artists that are bent on destroying the image of Nigeria. However, they give little or no publicity to honest entrepreneurs in Nigeria. I believe it is time to correct that.

Pioneers of Prosperity Awards (more…)

Have You Updated To WordPress 2.7?

Friday, December 12th, 2008

WordPress 2.7

WordPress 2.7

Nigerian Entrepreneur is now powered by the new WordPress 2.7! I first noticed the update prompt on my blog admin dashboard yesterday. It may have been there before then, but it was yesterday I noticed it. I took a mental note to Google and find out if anybody was having a hitch upgrading from WordPress 2.6.5 to WordPress 2.7 I was not ready as at then to meddle with my blog setup, having experienced some WordPress upgrade headache in time past.

This morning, I decided to take the bull by the horn and upgrade (I was ready for any eventualities that may crop up). After backing up, I started the Automatic Upgrade Plugin. Frankly, I was not expecting the upgrade to be smooth since WordPress 2.7 is a major upgrade (more…)

7 Mistakes Home Based Online Entrepreneurs Should Avoid

Thursday, December 11th, 2008

That online business is easy to start and cost little capital to kick off does not mean you can just start one and achieve success without proper approach. Just as easy as it is to start, so it is easy to pack-up.  Experts claim that about 90% small scale businesses fail within the first five years. The failure rate for the online home based business is worse. Too many home based online entrepreneurs get confused and frustrated within the first six months and they end up packing-up.

If you are really serious about starting a home based online business and making success of it, then you need to learn from the pitfall of others so that you do not end up like them.

1. No written Goal and Plan

If you don’t know where you are heading to, you will end up arriving nowhere. Starting an online home based business without having a proper written Goal and drawing up a blueprint of how you intend to arrive at the goal is sure road to business failure! If you write out your goal and spend time developing a blueprint you will discover potential pitfalls and hurdles that you are likely to meet on the way. Also, it will be easy to evaluate your progress by comparing result with expectation.

I know you want to ask, is it necessary? Are those stuff not for big entrepreneurs? Well, you want your home-business to be as successful as that being run by those big entrepreneurs, don’t you? If you want to be a successful entrepreneur, then you must think and act like a successful entrepreneur. (more…)