Category: Recent Posts

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Musbahu El Yakub

Wrong Business Assumptions can Kill: The A380 Story

Every business makes certain assumptions, deliberately or unconsciously. Industries are created or disrupted when assumptions made are proven true by markets. All successful businesses are built on assumptions that prove true. The development and growth of the fast foods industries, as well companies like Amazon are examples. Similarly, losses and

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Musbahu El Yakub

Path to Success: Everything Should Start With a Purpose

“If you have a strong purpose in life, you don’t have to be pushed…” – Toy T. Bennett One of the reasons many people fail to achieve anything meaningful in their careers and lives is because they failed to identify their true career and life purpose. Even when they can

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Musbahu El Yakub

Hard Work and Perseverance

“Without hard work, nothing grows but weeds!” – Gordon B. Hinkley Depending on specific calling in life, one capacity or talent or a combination of a few or many, may be the critical factor or factors for success. But one factor common to all is plain old hard work. The

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Musbahu El Yakub

What Books Will You Read in 2019?

Many people plan against upcoming new years. Plans on finances, habits, relationships, etc. are made elaborately. But do you have plans on what books you will read in the coming year? The most successful people in the world continuously make conscious efforts to develop themselves in various facets of life.

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Musbahu El Yakub

Delegation – A Key to Ultimate and Long-term Success

The Corporation: The corporation is one of the great inventions of man. They are all formed to achieve some objectives that affect humanity at some level, extent or another. This may necessitate just a few or several people working together and doing many things. Typically, superior officers, in a scalar

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Musbahu El Yakub

Entrepreneurial Tit-bits: Keep a Confidante

I have mentioned elsewhere that as a young entrepreneur you have to build a personal tribe as well as a business tribe. I also discussed elsewhere that you should have a mentor. The tribes are groups that, if made use of wisely, will add value to you and your business.

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Musbahu El Yakub

Entrepreneurial Tit-bits: Read Biographies

Irrespective of our callings in life, we all, each, have opportunities as well as face various challenges. As an entrepreneur, you will frequently get pulled back by headwinds as well as some push from tailwinds. Both can become opportunities or constraints depending on how you respond to them. Scientists generally

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Musbahu El Yakub

Opinion: High Costs of Imports

The ultimate cost of imports into our country is composed of the following: Free on Board (‘FOB’): The actual cost of the goods the importer in Nigeria pays the exporter for the goods and its delivery to exporting ship. Freight: The cost of shipping the goods from the exporting country

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GMD of NNPC Meets AKK Pipeline Project Financiers in Dubai

…Charges Them on Timely Delivery of Project Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirate directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the

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Musbahu El Yakub

Entrepreneurial Tit-bits: Rule-making

Entrepreneurship is about converting ideas, from concept, into commercial successes. This involves several things such as generating the ideas, testing the ideas, raising finance, producing the goods and services, selling the goods and services, etc. One of such vital responsibilities of the entrepreneur is team-building. You will need to build

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Musbahu El Yakub

Entrepreneurial Tit-bits: Get a Good Spouse!

Without doubt, as a young entrepreneur, one of the most important decisions you will need to take in life is about who to marry. It is a very important decision that can affect every other thing you do for the rest of your life. From influencing what you can do,

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Musbahu El Yakub

Entrepreneurial Tit-bits: Strive to be Discriminated by the Fishes!

President Hoover of the United States took to fishing through which, he said, presidents might escape to their own thoughts, away from the ‘pneumatic hammer of constant personal contacts’. Moreover, he added, ‘.. it is a constant reminder of the democracy of life, of humility and human frailty– for all

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Musbahu El Yakub

Entrepreneurial Tit-bits: Focus on Delivery

At take-off and early stages, many entrepreneurs tend to want to win the ‘big’ businesses from their potential customers and make all the money they can make. This is desirable, but there is need for understanding and caution. Executing jobs and getting them completed to the satisfaction of clients requires

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Musbahu El Yakub

Entrepreneurial Tit-bits: Focus on the ‘Big Things’

In our last Entrepreneurial Tit-bit, we discussed the need to understand the ‘small things’ and take care of them in your business. Small issues, not sorted out, have a way of irritating you; distracting you, and can become a drag on you as well as hamper your ability and overall

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Entrepreneurial Tit-bits: Attention to Time

I have written on the less than productive work attitude of both employers and employees in our environment. For more, visit, http://melyakub.com/work-attitude-and-entrepreneurship-in-…/. The negative consequences are too many, from economic losses to social strains. To ensure that you work towards improving your work habits, the first thing to start with is

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Musbahu El Yakub

Choices and Entrepreneurship Success

In my book, SAIL YOUR BOAT – Success is a Lifestyle and a Journey, available on Amazon and on this site here, I, among other things brought in a few parallels of physical science laws that seem to have meaning in our social lives as well. I explained that the

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Entrepreneur’s Tools for Success (II)

– By Mirza Yawar Baig 3.    Physical Fitness Adrenalin is the best natural energizer. And you get a lot of it on the treadmill provided you sweat enough. The gym is an absolutely fixed part of my day. I would go to the gym at mid-day because I was relatively free

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Entrepreneur’s Tools for Success (I)

– By Mirza Yawar Baig ‘In every one of us there are two ruling and directing principles, whose guidance we follow, wherever they may lead; the one being an innate desire of pleasure; the other, an acquired judgment which aspires after excellence.’ ~ Socrates, in Plato’s Phaedrus First question of

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Musbahu El Yakub

We are Building a Database of Prospective Mentors

From providing education to opportunities for apprenticeship and the like, all societies support their youth to some extent. These and more are necessary if the youth are to be sufficiently prepared to take over leadership in the private and public sectors of the society. Whilst we all tend to focus

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Musbahu El Yakub

Work Attitude and Entrepreneurship in Africa

Caveat: This writer recognises the multitude of hardworking men and women in Africa that strive daily and with integrity at their places of work. Sadly, we need to do much more to restore certain cultures we have lost if we are succeed in developing entrepreneurship for the twenty-first century and

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Musbahu El Yakub

Entrepreneurship and African Infrastructure

A few days ago, I placed an order for supply from South Carolina, United States. The goods were shipped and the international courier company had them delivered to Lagos, Nigeria within thirty-six hours. Covering some ten thousand kilometers, likely through at least two airports and two processing centres, within that

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Opportunity Is What You Create

– By Mirza Yawar Baig I was in the Anamallais, just married a few months and a lowly Assistant Manager in Lower Sheikalmudi Estate. My wife and I lived in the ‘haunted’ bungalow near the tennis court and I was busy trying to make a career and stand out in

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Sitemap

For enhanced user-experience and SEO purposes, our sitemap is now up on here.

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Mentors, Investors and Philanthropists

A robust entrepreneurial class is a blessing to any society. However, entrepreneurship is challenging and to enhance the chances of success, we all need to support our young entrepreneurs in any way we can. We work with mentors, investors and philanthropists to select entrepreneurs that need the kind of support

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Musbahu El Yakub

Entrepreneurship Grant

Business Grant Reference: G01 – 18 Amount: N300,000.00 Closing: 27/7/2018 Announcement: 10/8/2018 * Presentation: 18/8/2018 * We are pleased to announce the availability of an entrepreneurship grant of N300,000.00 (three hundred thousand Naira) only provided by a philanthropist. The said maximum amount is to be provided to a Nigerian entrepreneur

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Musbahu El Yakub

Living Success (Series)

No matter the role you are playing in life, these are indeed very ‘noisy’ times. From distractions to outright wrong information and ‘principles’, we are daily bombarded by people and modern communication tools. Unless, our feet are fully grounded, we run the risk of putting effort and committing resources but

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Musbahu El Yakub

SAIL YOUR BOAT – Success is a Lifestyle and a Journey

Irrespective of your calling in life, you need to define what success is. Unless this is done correctly, individuals and societies end up working hard on wrong premises and even achieving laurels that end up meaning nothing or only little to them. It is against this background that I wrote

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Musbahu El Yakub

Pathway to Entrepreneurship (Abuja and Lagos)

Our ‘Pathway to Entrepreneurship’ is an intensive training and personal advisory program for those considering going into and those in early stages of business. Minimum qualification: University students in their final year of study, NYSC members, graduates, junior executives in employment, and those aspiring to leave or retire from paid

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Musbahu El Yakub

Delivering Results in a Low-Trust Environment: A ‘Dangote-Wilmot’ Model

One of the major challenges faced by entrepreneurs in Nigeria and several other such countries is, unfortunately, fraudulent activities by staff. These activities include direct cash theft, under-invoicing of sales to favour a customer, over-pricing of purchases from suppliers, direct pilferage of products, etc. These actions make entrepreneurship more costly

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Musbahu El Yakub

Build Your Business Tribe

  In our post on ‘Personal Tribe’, we discussed the evolution of tribal groups and the need for an entrepreneur to have a ‘personal tribe’. The features, benefits and composition of ‘personal tribes’ were discussed. Here we will discuss the need for an entrepreneur to have a ‘business tribe’ as

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Musbahu El Yakub

Build Your Personal Tribe

As social creatures, human beings kept, and many still keep, to their ‘tribes’ for several benefits such as identity, protection, self-sufficiency and opportunity for growth. Overtime, trade, wars and politics have forced different levels of evolution to different tribal groups across the world. We are now living at a time we

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Musbahu El Yakub

Young Entrepreneurs Support Sessions

In association with our company, Aperture Consulting, we are pleased to announce the commencement of our Young Entrepreneurs Support Sessions (‘YESS’). These are one day free consulting sessions aimed at helping young entrepreneurs clarify any business knotty issues that might be confronting them.  About five experienced consults will be available

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Musbahu El Yakub

Free Training Programs for Start-up Entrepreneurs on How to Access Nigerian Government Intervention Funds

(Course Ref: FTP17/01): We have free training programs for start-up entrepreneurs on how to access various business intervention funds from the government of Nigeria. The program includes the following training modules: Moral and legal obligations of debt Needs assessment Nigerian government funding options for start-up businesses Processes and requirements Venues

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Recent Posts
Musbahu El Yakub

Creativity in Business (II)

Continued . . . (Credit: hrtalks.manpowerku) How to foster a culture of creativity in your organization: A number of large multi-national corporations and several quite unknown local companies are extremely good in creativity. You will always recognise such organisations when you cross their path or talk to their customers. Google

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Musbahu El Yakub

Creativity in Business (I)

A lot of qualities are considered a personal must for the success of the entrepreneur and their organisation. Creativity as one of those qualities however, is unfortunately and wrongly, not given the prominence and importance that it deserves. A creative entrepreneur stands a greater chance of success than one that

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Recent Posts
Musbahu El Yakub

Earn your Leadership Everyday (II)

Continued . . . Communicate and motivate: Human beings have both a desire and need to communicate and be communicated with. You have to be able to listen to others as well communicate to them in a a language that is clear and which further inspires and motivates them. Motivation

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Musbahu El Yakub

Earn your Leadership Everyday (I)

  ‘Earn your leadership everyday’ – Michael Jordan Success for the entrepreneur requires providing leadership to their organisation. Unfortunately, most entrepreneurs whilst good in their technical areas and commerce are unable to provide the inspirational leadership required to survive and excel over varying challenges the organisation will definitely face in

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Recent Posts
Musbahu El Yakub

Relationship Management for the Entrepreneur

(LinkedIn) In various posts on this blog, we have always stressed that success in business, as in life in general, is a result of several things done right. Nonetheless, there are a few factors that are absolutely necessary if you are to stand a good chance of succeeding in any

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Recent Posts
Musbahu El Yakub

LOAN APPLICATION AND MANAGEMENT PROCESS FOR THE SMALL BUSINESS OWNER: Part III – RECEIVING YOUR LOAN OFFER

Part III – RECEIVING YOUR LOAN OFFER In reviewing your application, the bank will generally consider several factors. Popular among the factors are the so-called 5 Cs of credit. These are Character, Capacity, Collateral, Capital and Conditions. In addition, most lending institutions have other internal and regulatory considerations to make.

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Recent Posts
Musbahu El Yakub

How to Build a Strong Work Ethic at your Place of Work

In our previous post, we discussed the elements and principles of work ethic in an entrepreneur, their team and organisation. We will now discuss how the entrepreneur and their employees can build the strong work ethic that is required for both personal and corporate success. The first thing to realise

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Recent Posts
Musbahu El Yakub

Work Ethic

Contrary to the thought of most African entrepreneurs and their employees, finance is not necessarily the major hindrance to the successful takeoff, running, and growth of a viable business proposition. Empirical observations seem to suggest that one of the greatest impediments to these challenges is what I will call ‘poor

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Recent Posts
Musbahu El Yakub

Managing Business Growth

Entrepreneurs are extremely ambitious. It is a default setting in them! They dream of taking their garage start-up to the Nigerian Stock Exchange within the first seven years of starting. This is a perfectly legitimate, even noble, ambition. However, the steps they take must be right and appropriate if they

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Recent Posts
Musbahu El Yakub

Regulatory Compliance

Most small and medium-scale business owners do not take compliance with regulatory requirements seriously. This is wrong and can be a big and costly mistake. What is Regulatory Compliance? As with human beings, businesses do not operate in isolation. They need to operate in a ‘society’ if they are to

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