Let's Talk Entrepreneurship

Let's Talk Entrepreneurship This page is dedicated to sharing valuable information and tips on entrepreneurship development Click here to the channel.

I am a Professional Accountant and a SMALL BUSINESS ENTHUSIAST
"Let's Talk Entrepreneurship with Alice" is a passion driven initiative created to share knowledge on basic business topics for Micro, Small and Medium sized Enterprise (MSMEs). Tips on idea generation, business planning and business development as well as inspiring and motivating start-up stories are shared on this page.

Many people are turning to the internet to look for opportunities. Some have built successful internet based businesses ...
15/02/2023

Many people are turning to the internet to look for opportunities. Some have built successful internet based businesses or side-hustles that add to their regular income. Here are five (5) online businesses/side-hustles that you can consider.

1. DROP-SHIPPING/SERVICING: This is a business model where one does not need to stock products they are interested in selling. What I am saying is you do not need capital to source the products from suppliers/wholesalers. Just identify and arrange with a reliable seller of the products and start promoting. Price the products above what the owner is charging. Anytime you have an order, give order details to seller and it will be delivered to the buyer and the extra price goes to you. Simple! The business model is called DROP-SERVICING where you deal in services and not physical products.

2. AFFILIATE MARKETING: Simply, affiliate marketing is where you promote the products or services of other companies and earn a commission for doing so. When you register with an affiliate program, you are given a unique code/link which will be used by the people you recommend the products or services to. When they buy using that link, you earn a specified commission.

3. MONITIZATION OF SOCIAL MEDIA: You have no idea the amount of money people earn on social media platforms like Facebook, YouTube, Instagram, Tiktok etc. By creating content and gaining a following over time, many money making opportunities become available. Apart from these platforms paying you for creating content for their users, you can also become an influencer to other businesses outside these platforms because you have a following.

4. CREATING DIGITAL PRODUCTS: Digital products include EBooks, Online video courses, Podcasts, Coaching sessions etc. You can create these products by leveraging on your knowledge, experience, skills, interests, passion etc. If you are on retirement, this is the best you can do to share your years of experience with the whole world and also earn income.

5. FREELANCING: Online freelancing websites are platforms where people with jobs are matched with people who have the skills to do them. With freelancing, you are not an employee of any one person/company so you can take jobs from multiple companies provided you can handle them at the specified times. You can find freelancing jobs on Freelancer.com, Upwork, Fiverr, Guru, etc.

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06/02/2023

"As long as you are going to be thinking anyway, think big." Donald Trump

Start-up stories of giant brandsEpisode 4THE START-UP STORY OF ZOOMMany of us became familiar with Zoom, the video-commu...
05/02/2023

Start-up stories of giant brands
Episode 4

THE START-UP STORY OF ZOOM

Many of us became familiar with Zoom, the video-communications provider only during the peak of Covid 19 when movement was restricted. It has however been in existence since 2012.
Read below the start-up story of Zoom.

Eric Yuan, the founder of Zoom migrated to the US from China after struggling with Visa issues for long. Once in the US, he worked with Silicon Valley companies such as WebEx and Cisco in the telecommunications industry for many years.

According to Yuan during an interview, Zoom was inspired by his desire to communicate face to face with his long distance girlfriend while in school. He needed to travel a 10hr journey to see her in real time. He continued to nurse this dream and at a point pitched it to his colleagues at Cisco but they did not buy into the idea.

In 2011, Eric Yuan left Cisco to start his dream, a dream he referred to as a DAYDREAM/long awaited dream. People thought the video-telecommunications industry was saturated but he never gave up. The company started with the name Saasbee Inc. and was later changed to Zoom Video Communications, Inc. in 2012. Zoom had a steady growth until the outbreak of Covid 19 when its popularity and user base boomed globally. Today, Zoom is used by millions of individuals and thousands of businesses worldwide. As at January 2023, its market capitalization stood at about $22 billion.

Take away from Zoom's start-up story

1. He conceived an idea to solve a challenge he had: long distance travels.
2. Prior experience in the field: Eric Yuan was already working in the telecommunications field as a software engineer. Experience from your current job can launch you into a profitable venture.
3. Don't fear competition: Cisco Webex, Skype, etc were there before Zoom. I often meet people who tell me, "Oh someone is already selling this and that in my area". You can start the same business and overtake them through healthy competition strategies.

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05/02/2023

"If you hear a voice saying 'you are not a painter' then by all means paint and that voice will be silenced."-Vincent Van Gogh

04/02/2023

“Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down.” – Charles F. Kettering

True talk, man!
02/02/2023

True talk, man!

31/01/2023

Startup stories of giant brands
Episode 3

STARTUP STORY OF FACEBOOK

It was in 2004! A Somophore (2nd year student of a US College) at Harvard University called Mark Zuckerberg, a computer science student who was clever in coding developed a website and named it Facebook where his school mates could connect socially. Note that Mark had earlier on in his first year at Harvard tried developing programs including a website called faceMash where students rated the beauty of two selected female students based on votes. This initiative, though popular did not last. It however made Mark Zuckerberg a campus celebrity. I am sure this first initiative gave him credibility for Facebook's acceptance on campus.

On February 4, 2004, the day of the launch of Facebook, Zuckerberg and his roommates almost kept vigil as they watched their fellow student's gradually signed up unto the platform. In 24 hours, about 1,500 people (students) were registered on it. Soon, Facebook grew beyond the walls of Harvard University to other schools in the states. By the end of the first year, Facebook had about a million users. That was when an investor called Peter Thiel invested $500,000 dollars into the startup. Mark Zuckerberg left Harvard to run his business! You can call it dropout 🤔. For me, it was an honorable dropout from college😀😀.

Facebook grew from strength to strength, acquiring Instagram in 2012 for $1 billion and WhatsApp in 2014 for a whopping $19 billion to cushion its dominance in the social media space. The rest as they say is history and today Facebook has close to 3 billion monthly active users. Last year, Facebook changed its parent company's name to Meta. It's founder and owner, Mark Zuckerberg is ranked among the world's richest people.

Take always
1. Zuckerberg was already skilled in coding before enrolling in college. l can say he had a talent, gift, skill which are the "go to" for business ideas.
2. I think he was a sociable person and liked connecting with other people.
3. He dropped out of college because it was worth it. It's not always about school and college certificates. You can build a successful business with or without a college degree.

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31/01/2023

Charity, they say begins at home! I forgot about this popular saying but honestly I haven't gone far so I am coming home 😀. Today, I present to you the startup story of this compound house we are all living in, FACEBOOK.
Startup stories of giant brands
Episode 3

STARTUP STORY OF FACEBOOK

It was in 2004! A Somophore (2nd year student of a US College) at Harvard University called Mark Zuckerberg, a computer science student who was clever in coding developed a website and named it Facebook where his school mates could connect socially. Note that Mark had earlier on in his first year at Harvard tried developing programs including a website called faceMash where students rated the beauty of two selected female students based on votes. This initiative, though popular did not last. It however made Mark Zukerberg a campus celebrity. I am sure this first initiative gave him credibility for Facebook's acceptance on campus.

On February 4, 2004, the day of the launch of Facebook, Zuckerberg and his roommates almost kept vigil as they watched their fellow student's gradually signed up unto the platform. In 24 hours, about 1,500 people (students) were registered on it. Soon, Facebook grew beyond the walls of Harvard University to other schools in the states. By the end of the first year, Facebook had about a million users. That was when an investor called Peter Thiel invested $500,000 dollars into the startup. Mark Zukerberg left Harvard to run his business! You can call it dropout 🤔. For me, it was an honorable dropout.😀😀.

Facebook grew from strength to strength, acquiring Instagram in 2012 for $1 billion and WhatsApp in 2014 for a whopping $19 billion to cushion its dominance in the social media space. The rest as they say is history and today Facebook has close to 3 billion monthly active users. Last year, Facebook changed its parent company's name to Meta. It's founder and owner is ranked among the world's richest people.

Take always
1. Zuckerberg was already skilled at coding before enrolling in college. l can say he had a talent, gift, skill which are the "go to" for business ideas.
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