Profitable Small & Medium Businesses For Emerging Economies

09/12/2025

Why More than 80% Of Start-ups Fail?

The key to having a good business is to find a right business for yourself in your environment.

As easy as this sounds many people get it all wrong. What is good for A in a place like Zaria in Kaduna state may not work in Ibadan.
You need direction

That was the kind of direction I got from “Profitable Small And Medium Businesses In Emerging Economy”.

You want to own a business, we all do but we get a lot of advices from people and we get confused. Advices are free and 9 out of 10 times they are useless.

You need direction; you need choices; you need techniques for each business; you need mentorship; etc

Make a start by getting this free book “Businesses That Can Never Even When You Deserve To Fail

F FOR FOOD
The F is equal to food. Do not ask me for the others because I will not tell you now but you may be guessing already.The problem we educated people have is that we think little of lucrative businesses and leave it to those not so educated. And these people are pilling tons of money on daily basis.

Look at it like this, who does not eat? During war you have to even if you may be expecting the bullet (God forbid) Look at how much money is changing hands at Mile 12 in Lag

and Bodija Market in Ibadan daily. My banker friend says the turnover at Bodija is about 2.5Billion.


E = EDUCATION
We have discussed F for food. Now we will discuss the first E which stands for education.

Education they say is the first profession. You start learning from the first day you arrive. The territory is large and I tell you there is room for everybody everywhere.

Dr Obazzu Ojeagbese says, identify the gap you want to teach, learn it and teach it.

And he is right. I bet you, that is all he does at SADC in Okota, Lagos for people from all over the country. And I can tell you, he is not complaining, neither are his students.

E IS ENTERTAINMENT
Ok. The other E is entertainment.

Look around you, entertainers are spoon-fed with money. This is simple to understand. People pay more for talent than anything else. This is the reason why you will need N10m to hire Sunny Ade for a night and the same reason why Agwu, Basket Mouth and their fellow stand up comedians charge in millions for a three hour show
The same reason why Tiger Woods is a dollar millionaire and Okocha is worshiped.

But the sweet thing here is that many ideas you can start with little or no capital.

Entertainment is not limited to music and comedy. Like education, the field is vast.

About Jide Omiyale

03/06/2025

23/10/2024

My latest baby on Amazon. Check it out.

150+ Amazing Ginger Root Benefits You Never Knew.: Stunning Unknown Ginger Remedies, Uses In Nutrition, Beauty, Health, Kitchen Etc.

19/08/2024

10 Best Money Lessons Shared by Jeff Bezos

Jeff Bezos, one of the world’s richest men and most successful entrepreneurs, needs no introduction. As the founder of Amazon and owner of the Washington Post and aerospace giant Blue Origin, Bezos has insights on creating and managing wealth from a unique vantage point.

1. View Investments Like Planting Seeds
Consider any new investment, whether in the stock market, an exchange-traded fund or a new business, is like planting a seed. All seeds need the right conditions to grow and prosper; more than anything else, they need time.

The right investments provide concrete returns, and if you’ve done your due diligence and researched your investment thoroughly before committing to it, significantly increases your wealth. But the key is patience. You can’t rush a harvest, and you can’t expect steep returns overnight.

2. Carefully Make Decisions Based on Their Significance
You may have heard the phrase, “You can’t unring a bell.” The same thinking applies to financial decisions.

Bezos calls the more significant type of choice a “Type One” decision. He likens it to stepping through a one-way door. Once you go through it, there’s no going back. These decisions should be made carefully and with the input of others with relevant experience.

What Bezos calls “Type Two” decisions are less serious and reversible, like putting money in a savings account. These are more like two-way doors. Don’t spend too much time mulling these over, but make them as promptly as possible. Type Two decisions are best made by individuals or small groups with sound judgment, according to Bezos.

3. See Failure as Feedback
No one runs before they walk, and you’re not likely to make the right investments or financial decisions all the time. Bezos says this is a part of the process, and you can’t achieve success without experiencing a few stumbles. Don’t expect every financial decision to work out the way you had hoped, but take comfort in the fact that you can learn from your failures and use them to better inform your future plans and goals.

4. Cash Flow Is Crucial
More than anything, Bezos says to keep your eye on your cash flow. The future value of your investments or savings is determined by your cash flow, both present and in the future. The more money you generate, the more you can invest or save. If you can boost your future cash flow, you increase the long-term value of the investments you may make down the line.

5. Know How To Identify a ‘Dream Business’
According to Bezos, whether you’re planning to start your own business or looking to invest in someone else’s, it’s important to know how to spot what he calls a “dream business.”

Such a business has four main characteristics — it has to have a loyal following of customers who love what the business is doing or selling, it has to have the potential to scale up significantly, it has to promise high returns on capital investments and it has to have real long-term potential. When you spot a business that ticks all of these boxes, you’re on to a winner.

6. Take Risks
At the end of the road, you’re more likely to regret the things you didn’t do more than the things you did, according to Bezos. In Bezos’ view, your regrets will mostly be about missed opportunities or things left undone and it’s rare to regret something you tried but didn’t work out.

Failure usually results in lessons learned, not regrets. Bezos says this applies to life choices in general: “I’m not just talking about business. It’s like, ‘I love that person, and I never told them.'”
It’s best to go after your goals, hopes and dreams rather than not taking action and leaving yourself forever wondering, “What if?”

7. The Power of Wandering
In his 2018 letter to Amazon shareholders, Bezos discussed the topic of “intuition, curiosity and the power of wandering.” He emphasized the importance of setting aside sufficient time for intuitive thought, reflection, speculation and indulging your curiosity.

This “wandering” can often lead to innovative solutions to problems, including financial decisions. This is the flipside of the “what if?” coin, and it can be a powerful tool when used correctly. In Bezos’ words: “Wandering is an essential counter-balance to efficiency. You need to employ both.”

This might surprise those familiar with Amazon’s focus on efficiency and the rapid-fire, overnight deliveries of almost any product you can imagine. But Bezos suggests that a sprinkle of inefficiency is critical to realizing success. Only through exploring and experimenting can you find innovation.

“Sometimes (often actually) in business, you know where you’re going, and when you do, you can be efficient,” Bezos wrote. “Put in place a plan and execute.”

But those periods of wandering, though they may not be as efficient, are not aimless. Decisions from that kind of speculative thinking can often be “guided — by hunch, gut, intuition, curiosity.”
When you follow those hunches and find something that pays off, Bezos says, you’ll see that it’s “worth being a little messy and tangential” to find new opportunities.

8. Find Your Calling
Discovering and embracing your true passion in life — your calling — is a critical piece of advice that Bezos has consistently given to younger members of his staff, his three sons and his daughter. He shared these thoughts, among others, during the Forum on Leadership at the George W. Bush Presidential Center in 2018.

In essence, Bezos sees genuine success as being able to turn your passion into your career, and everyone has a passion in them that should be discovered and embraced for real success. In Bezos’ words: “You can have a job, or you can have a career, or you can have a calling. And if you can somehow figure out how to have a calling, you have hit the jackpot.”

9. Know the Value and Cost of Originality
Bezos stepped down as Amazon’s CEO in July 2021, though he’s still Amazon’s executive chairman. In his final shareholder letter in April of that year, he emphasized the importance of preserving the unique qualities that make you original but also cautioned
shareholders that maintaining that originality can have a cost.

“The fairy tale version of ‘be yourself’ is that all the pain stops as soon as you allow your distinctiveness to shine,” Bezos wrote. “That version is misleading. Being yourself is worth it, but don’t expect it to be easy or free.”

While being original can have real value, it takes continual effort to prevent the pressure of conformity from stripping you of your unique traits.

“Embrace and be realistic about how much energy it takes to maintain that distinctiveness,” Bezos said. “The world wants you to be typical — in a thousand ways.”
His parting advice included this cautionary note: “Don’t let it happen.”

10. Always Think Long Term
This pairs well with the first piece of advice offered above. According to Bezos, it’s best to always keep an eye on your long-term goals.

Genuine success can’t be measured by immediate results, but rather by what you achieve over time. Every decision you make should be with your end goal in mind, and the further you look into the future, the more informed your choices will be.
More From GOBankingRates

This article originally appeared on GOBankingRates.com: 10 Best Money Lessons Shared by Jeff Bezos

08/08/2024

Lunch with Olajumoke, Mrs Zeller in San Francisco, California.

12/07/2024

Celebrating 70 Years of Leadership and Legacy.

Let us pay tribute to and celebrate the extraordinary life and accomplishments of Elder Femi Oluwatayo, a real titan of industry and politics. In honor of his seven decades of existence and significant influence on multitudes of lives, businesses, and communities,.

Efon will not forget in a hurry your contribution to supply fuel to Efon during the fuel crisis when you were an NNPC executive.

Armed with a clear vision and unflinching resolve, Femi forged a route that is a monument to tenacity, inventiveness, and unrelenting dedication to perfection.

His adventure started off modestly at Ojodi as Femi George, Saint Paul’s Primary School, through CAC TTC, The Polytechnic Ibadan, culminating in an MBA from the Netherlands, but swiftly reached incredible heights, influencing both the political and business discourses.

Over the course of his brilliant career, Femi pioneered ground-breaking tactics that have established standards for political maturity and community service, winning the respect and admiration of colleagues and partners.

Within the political sphere, Femi Oluwatayo became a prominent figure, persistently promoting ideas and making a lasting impact on laws and administration. The history of our town’s politics has been influenced by his gentle political disposition, strategic vision and capacity to heal divisions, elevating public discourse.

During Saturdays owanbe, you will see him in his agbada attending parties on both major political divides. One day, I asked him how many of these Ankaras he had in his wardrobe, to which he answered countless.

Outside of boardrooms and chambers, Femi is renowned for personal contributions, cultivating a culture of giving and mentoring that strengthens communities and develops the next generation of leaders. His commitment to community service demonstrates his conviction in the value of giving back.

One of his attributes that is not known to many is his cosmopolitan nature. He is the encyclopedia of Efon Alaaye indigenes phone numbers. If you ask him for the phone number of any of us in the USA, the Uk, Australia, Lagos, or Abuja, Femi will readily provide it.

I join others to offer our sincere appreciation and admiration to you on this momentous occasion.

I hope that your next 70 years are one of happiness, prosperity, and realizing all of your dreams.

Otunba Jide Omiyale.

19/05/2024

This is Olajumoke, Mrs. Zeller, the lady with the knife. Happy birthday to you, omo iya Onisu.

21/03/2024

K 1 and Ayanlowo, The Height Of Ingratitude And Self-Entitlement.

When I was growing up in our Ibadan, this happened in Onipasan, Oke-Adu. One senior civil servant was looking for accommodation, and someone took him to a house to meet the landlord, only to discover that the landlord was a messenger in his office.

He nearly passed out, realizing his to-be landlord worked under him as a messenger when he did not even own a plot of land.

Meanwhile, the senior civil servant was riding a big car, with a well-furnished apartment and a harem of ladies enjoying nightly catfish pepper soup, while the parsimonious messenger was saving to build a house. It is a matter of prioritizing your interests.

Ayanlowo should tell us what he did with the money he made under Wasiu Ayinde because even as a packer with a band like K1, you have some nuggets. Remember, Wasiu himself started as a packer with Ayinde Barrister and happily enough, at least two other band boys junior to Ayanlowo have come out to say they are doing well.

You cannot help but believe them with their rotund chicks compared to Ayanlowo’s, who looks emaciated—a deliberate ploy they used to make him look wretched and portray K1 as a bad guy.

But we are wiser, we see other band members, and we see him as he was when he sprayed his boss when singing his praise. If he is looking so haggard now, it’s because he has left his source of blessing. If you shred the umbrella that covers you, do not complain when the rain is beating on you.

Please do not perceive me wrongly. I am not a fan of K1, even though he produces melodious music. His songs are not rich in Yoruba language enough for my liking. I would rather stick with Orlando Owoh, Ayinla Omowura, Yussuf Olatunji, Haruna Ishola, King Sunny Ade, Ebnezer Obey and a few others.

It’s not only his music I don’t fancy; some of the things we hear about him are not good music to the ears. What about allegedly being unnecessarily stingy, arrogant, taking his friends wives as concubines, and sleeping with the daughter of contemporaries?

Yes, K1 is not on the highest moral podium, but we are not going to hang him with Ayanlowo’s vituperations. This is a well-organized scheme to bring down K1 and that explains why this vedanta is all over Nigeria's cyberspace. Any couple of clicks on Facebook, turn up Ayanlowo interview or of another person supporting him.

One of the golden rules my father gave me was never to talk badly about my boss with people, and if I had any issues with him, I could talk straight to his face, but not in the presence of any witnesses. This has worked well for me, but those who broke this rule have lived to regret it.

Those who badmouthed and betrayed their bosses like Ayanlowo, where are they today? Judas in the Bible, Ajelowo with Ayinla, Tamiyu Ayan of Sunny Ade—where are they now? They all became irrelevant with their drums. Awon to pera won ni nkan kabiti, awon da?

What kind of integrity does a man have, who spent a whopping 32 years with a boss and is still talking about him like that on the internet, divulging all the secrets and privilege information of a band that fed him for 32 years?

This Ayan of a man pi**ed me off where he said he met K1 and somebody at the gate without greeting him because ‘o le fimi pa’ What a gratuitous insult. If I were K1, I would not allow him to enter my house from that moment on.

He collected N8,000 for a show where he would spend 10,000 N on a hotel, 6,000N on food, and some other expenses, including transportation. What a shrewd businessman? He spent N19,000 to make 8,000, a loss of N11,000 and he did that for 32 years and still built a four-flat apartment. Ayan, spare us; we all know where the baby comes out of a woman.

The problem we have with this brouhaha is that of self-entitlement, which is very rampant among us in Africa and Nigeria in particular. You went to your uncle for assistance and could only part with 10k, you start to complain as if you made his money for him. Your sister in the UK sends you 20,000, and you start to grumble that it is too small.

Ayanlowo believes that K1 should share the bundles of money with the band boys, and this is where he is wrong. There will be no drummer Ayanlowo without musician K1 but there will be K1 without ten Ayanlowos, a truth he must have found out these past two years he left the band.

It has happened several times before, and the band boys ended up with the wrong side of the stick. And there is no reason to suspect this will be different.

Some commentators referred to how this kind of scenario played out with great musicians like Sunny Ade, Orlando Owoh, Ayinla, Haruna Ishola and others, and I bet it was all due to this self-entitlement virus.

This guy has not complained that the agreed compensations have not been met. If Wasiu has met these, anything outside is extra at his whims and caprices. If he gives, good, if he does not, so be it. If you are not satisfied, move on.

He seized your passports, and somehow you still managed to work overseas to build a big house. How long did you stay oversees? Were you on leave or took a leave of absence, and for how long? Who held your place for you, and you still came back to take your place? If you were given any of these, it is still some kind of benevolence to be grateful for.

And what if he held on to your passport? Is it not here that a whole band disappeared in the USA? Now, you want him to allow you to japa and kill his business, and get the doors of Europe and America shot in his face? Common, the survival of that band is the responsibility of K1 and k1 alone, and if he has kept the band together this long in spite of wolves like Ayanlowos in this world, he deserves some flowers.

The ingrate was talking about the fe**sh things that happened in Wasiu’s house. Can he swear with his drum that the small space he held in that band was without the help of Alfas and Babalawo. They all do it, and none of them can swear he got to the top with only the Bible and the Quran.

And this is a lesson for my readers. I always tell those who are close to me, when you are in a relationship, remember the day of fracas. Ti o ba tin se ore, fi aye ojo ija le. If K1 had done his spiritual consultation in another way without involving his band boys, this guy would not have been using it against him now.

Come to think of it, this interview was done in 2022, What kind of editing were they doing for two years, which makes me believe that the guy had been going around to beg K1.

They must have tried to use the interview to blackmail him, but to no avail. He called their bluff, which made them go to town with the interview in the most ferocious way to inflict maximum damage on k1 career. Wasiu needs not worry; Providence has a way to vindicate people like you, which does not mean you cannot be nicer to your band boys.

A Toyota Corolla for each of them, which will not make a scratch on your wealth, with your band insignia on each of them will go a long way toward promoting you and the band.

Man is the most important M of the 5Ms of management, as they manage the other 4Ms. Make your workers happy; they will make you happy in return, but there is no room for treacherous and perfidious characters.

As for Ayanlowo, the drummer boy, he can take his drums to Baba Onilu at Iwo Road in Ibadan and beat his drums without guitar, saxophone, organ, or konga drums, combined with K1 voice and see how many four-flats he builds in the next 32 years if he is still here.

Otunba Jide Omiyale (SME Expert And Amateur Political Analyst)

22/02/2024

Thank You All.

26/01/2024

Discover The Versatility Of Baking Soda
Did you know that this humble kitchen staple is a true game-changer? From baking perfection to household hero, explore the endless versatility of baking soda! For babies, in the kitchen, in homes, for the car, in the garden, for beauty-endless uses.

25/01/2024

Discover The Versatility Of Baking Soda.

Why do the experienced say it's a must at home?