I strongly believe everyone above the age of 20 should start a business, at least an Online Business! Most people reading this at first are at least a little curious (and sometimes skeptical) about the idea of starting an online business. But it’s not quite as mysterious as it sounds. Firstly, what is an online business?
An online business is simply a business done with the “advantage” of the internet.
Nowadays, at least the last 5 years in Nigeria you will find that businesses which used to be purely offline, now have seen the light about using the internet to make MORE money.
I’m talking about companies like Coca cola, Closeup, Guiness, Samsung, Nollywood, Dangote, Events makers etc.
Nowadays, you can buy or pay for almost anything online. From clothes, shoes, food, electronics, phones, laptops, land, holidays, school fees etc.
What do all these this tell you?
Any business can DOUBLE its profit using the internet and starting a business because…
1. It’s very, very cheap for businesses to reach hundreds of thousands & even millions of customers on the internet
2. It’s quite affordable to launch or start a business using the internet than a brick & mortar business
3. It’s faster and easier to succeed and make a 7 figure income with YOUR own business, than it is working for someone else
4. There are NOT enough jobs available that pay a 6 figure income
5. Majority of the jobs available are paying peanuts
I have many friends way back from my university days who don’t make enough money to save for an emergency. If ever they get in a car accident or run into some kind of financial crisis, their lives will be very difficult.
My bosom friend’s younger sister graduated from the university six years ago and up till this moment is still having trouble entering the crowded job market which is currently downsizing. She feels stuck, like there’s no place to go.
My husband and I know a couple that’s adopting a child from Uganda (which can be expensive), and they’re exploring ways of making a side income. The trouble is they’re not sure where to start.
And of course, I have a ton of people who are working a day job, while waiting to move to a better job — some day. In the meantime, they’re growing frustrated.
What are these people supposed to do? One strategy would be to stop waiting for opportunity to come and instead to take it. They can start a business – an online business or part online, part offline business!
One of such businesses would be the Oil & Gas business, like the one here!
There are literally thousands of business ideas floating around you.
Some are brand new ideas, while others have been successfully implemented by hundreds or thousands of people. Many of these ideas are simple, straightforward, and inexpensive to start, while others are a bit more complex.
What’s my point?
My point is that there is almost no reason for you to not have your own business. Don’t think about the worst aspects of a business like registering a company name, employing people, or any other issues that you normally think about in order “talk yourself OUT of” having your own business.
It’s a lot easier than you might think. Start small and simple, using your own sweat labor to execute the idea. Then, success and your entrepreneurial spirit may eventually take over and lead you to heights you may have never imagined.
But you will never encounter such success if you never take a bold step to start, despite some failures in the past.
There are several benefits to starting your own business, and I recommend that everyone try it at least once. You will never know if it is for you until you experience it for yourself. Still not persuaded?
Here are six awesome benefits to starting your own business:
1. You Make Extra Income
If you are to ask nearly any business owner why they started their endeavor, one of the reasons will always be “for the money.” Who doesn’t like some more cash, even if it is supplemental? While profitability is not a guarantee, you can easily start a business with low risk such as the Oil & Gas business in order to avoid a huge loss.
Who doesn’t love the idea of starting a side business for extra cash in their pocket?
2. You Build a Strong Network
If you think that owning your own business will completely make you a lone ranger or laughing stock, you are seriously mistaken. Growing up, my Dad owned a business. He depended on himself greatly, but was also reliant on customers, distributors, a bookkeeper, and most importantly, his customers.
The people you meet and work with throughout your business dealings will eventually become a strong part of not only your business network, but also your personal network. Friendship and business relationships often go hand in hand, and you will be able to learn from and grow with them.
For example, until I started my Oil & Gas business with Joke Enaks did we become real friends. I’ve known him for a few years, though not closely before that.
Networking is one of the most important aspects of both personal and professional growth, so why not try to open up your own network even more with your own business?
3. You Learn New Skills
When I first started my online business, I knew NOTHING.
But now, I know how to design a website, how to sell products using facebook, how to motivate people using words, how to write articles, how to use the internet to research almost any topic etc.
The more you work to build your business, the more you will learn how little you actually know. As your business expands, you will learn time management, discipline, bookkeeping, new types of problem solving, marketing, and a tons of other skills.
You will learn plenty about yourself and what you can handle throughout the life of your business. The lessons are invaluable and 100% unique to starting your own business.
4. You Become Permanently Self-Employment
If you do decide to start small, there is no reason not to have the goal of becoming your own boss.
Of course, making the move from a part time business to a full time career is never easy, but can be extremely rewarding.
Let’s assume that right now, you’re looking for an extra income by starting your own business. This means you are looking for supplementary income. What if this income suddenly replaces your income (replaceable income) and in a few months becomes a Life-Changing Income!
Now the question you maybe asking right now is, “Onome, where can I find such a business that can give me a life-changing income”
To answer, its been under your nose for sometime.
Infact, with this business idea, your current ANNUAL income can BECOME your Monthly income.
The business is no other than the Oil and Gas business!
Your business and income will NOT explode on its own, but the work you put into making your business YOUR career is more than worth it if you can reach that point.
There are also many benefits to being self-employed such as setting your own hours, privacy, no commuting long hours, self-employed tax benefits happiness, flexibility etc are just a few of the many perks you will enjoy by making your successful business a career.
5. You Get To Live a Little
For many going for a holiday, driving the car they love, donating to worthy causes, helping others, living in the houses and neighborhood they love is an impossible dream.
Some can’t even dream it.
But do you know that starting your own business can get you to live the life you deserve to live. It’s time to stop envying others, stop stealing, stop raining curses on successful people and START your own business.
I know several young people right here in Lagos, Ibadan, Benin, Akure, Warri, Kaduna, Ilorin and many other cities in their twenties, thirties who are living the life some people in their 50’s only dream about.
For example, I’m writing this article from Dubai (I’m on a 4-week vacation).
Sure, some jobs can give you a once a year vacation for 2 weeks at best.
How many will sponsor it abroad?
When I return I’d be getting myself a clean Limited Edition, Full-option, 2007 Toyota SUV to play with.
I went on this trip with my tightest friend, another Successful Internet business and Travel consultant, Efe Imiren to Dubai. The famous 34 year old female (Linda Ikeji) just bought herself her dream car for N24 million Naira.
Now, are we politicians? Do we have 2 heads? Do we have god-fathers?
Nope! We are just brave young ladies who took the bull by the horns, started a business and stuck to it NO matter the challenges that come up.
It’s your TURN.
Start a part-time business TODAY!
There will never be a perfect time with all fingers being perfectly aligned.
6. You Become an Investor
For many, they started a business to make money, to LIVE a little.
Now, after you have done that, the next thing starting your business can do for you is: Make you an Investor!
You can now begin to invest in things and people for Automatic, Life-changing Income that keeps on producing and working for you for years and years and years to come.
I’m talking about real estate investments, high-level investments, dream investments, people investments etc.
I’d stop here today, but I hope you’ve been inspired to start your business or continue in your business.
Have you ever tried to start a business? Did it work out? Did you gain some neat experiences? Are you afraid of the risk involved in potentially starting a business that fails? I’d love to hear your comments on the topic.
Talk to you in the comments section below.
Onome “currently chilling in Dubai” Maureen