Tag: successful

  • What drives successful leaders?

    When the results of the last elections were announced and now President Muhammadu Buhari was declared the winner, I got a call from my mother. Immediately I picked her call she said “Finally, your man has won.” Unlike my mother, she didn’t – or momentarily forgot – to ask how my family is doing. As a long time Buhari advocate and fan who has been trying to sell his candidacy to my extended family since 2003, she felt I deserved commendation and congratulation for remaining steadfast against all odds. During our conversation I could sense the confusion on how Buhari won in her voice. I will explain what I mean.

    My home state, Benue – like some north central states – has been experiencing a recurring farmer/herdsmen clash over the years. The overwhelming local conclusion is that these attacks are being sponsored by some elusive individuals. The big question on the lips of indigenes is ‘who are these herdsmen and why has none been caught and prosecuted?’ Since that has not happened, the undercurrent is that it has to be the ‘Hausas.’ This was why it was widely perceived that a Buhari candidacy “cannot fly” in the state.

    To be very frank, I initially shared the opinion that it might be difficult to sell Buhari in the state because our people are very emotional and their distrust of anything ‘Hausa’ runs deep. It goes back to almost all the religious crises in the north where many citizens of the state paid the supreme prize. Emotions often run high whenever the coffins start arriving after each crisis. The new regime thus has its work cut out for it as the people expect radical change in this area.

    But change comes at a prize which is why I refuse to join the bandwagon of those castigating the president for being ‘slow.’ The enormous challenges we face today as a nation requires deep reflection and introspection. I was glad to hear the president say in Washington last Monday that the delay in the appointment of ministers is to allow for critical reforms which will guide their conduct. For me, there’s no need hurrying to nowhere.

    So what drives successful leaders? Leadership is an essential feature of all government and governance. Weak leadership contributes to government failures, and strong leadership is indispensable if the government is to succeed. Wise leadership secures prosperity in the long run; foolhardy leadership may bring about a catastrophe.

    Leadership is a historically concrete phenomenon; that is, its structures and methods change with the passage of time. To influence events and affect outcomes, leaders need to be prepared to abandon policy instruments and ideas that no longer work in a new environment. They need to be able to embrace the new and reevaluate the old, even some of the earlier discarded ideas and methods of adapting to environments, if the circumstances call for it.

    I strongly believe that a successful leader chooses a particular course of action and then in some way gets others to go along; or more subtly, the leader encourages the led to ‘choose’ the course that the group will follow. The co-determination of the two parts of the leadership–followership system means that leaders are, to a significant extent, created by the led just like we saw with the overwhelming endorsement of a Buhari presidency. In the complex leadership quotient, followers matter a great deal; indeed leadership, as a process, is greatly influenced by following.

    Successful leaders are also driven by the introduction of new ideas or novel orientations which often promote major changes in societies. By advancing vision, inspiration, conceptualization of change, articulation of ideological goals and their communication to followers they are able to take their societies to greater heights.

    In Nigeria, whenever the word “leadership” is mentioned people conjure a mental image of those few individuals who steer the nation at the helms of power as politicians, bureaucrats, religious leaders and business moguls. This is vertical construction of leadership which is a top-down affair where the fulcrum of power is concentrated at the top of the social, economic, and political hierarchy.

    One of the defects of this model is the stifling of grassroots initiatives necessary for social cohesion. Another is that it does not consider how individuals, in collectivist contexts, can exercise leadership that will address problems, create solutions, and benefit the common whole. We need a radical departure from this style.

    Successful horizontal leadership, on the other hand, lays emphasis on individuals being empowered to benefit the larger community and ensure basic human rights by responding to the dictates of the situation. It recognises the value of individuals beyond mere instruments but instead empowers them in understanding policies and the part they have to play.

    This model requires that citizens take responsibility for improving society and at the very least participate in local, state, and national governance. This type of individually empowered leadership fuels the full-spectrum of social change that Nigeria needs, from the base of the pyramid to the apex.

    Indeed, horizontal leadership is the cultural heritage of Nigeria, embedded in our traditional narratives, myths and civil religion. We have since jettisoned this type of indigenous leadership model but we need to revisit it as a viable vehicle for making institutions accountable to Nigerians and Nigerians accountable to each other.

    For the successful leader too education is critical. Without access to education and literacy, the next generation of Nigeria’s leaders would be crippled. Few would doubt that there is a crisis in our education sector. Because our educational system has not kept up with the practical demands of the age, Nigerian graduates are not taught the necessary skills to favourably compete in the marketplace.

    Our system produce graduates who can regurgitate information, but not those who can innovate, create, and lead according to the demands of changing times. With this mindset it is not surprising that our schools keep producing job seekers, but we need to produce job creators. Our system must equip students to innovate for the betterment of society. To accomplish this redefinition of the goal of education and reorientation towards viable skills, we need to transform our curriculum.

    In developed societies, students are not only engaged in traditional education, they are tasked with solving real-life problems, working in groups to innovate, and provided platforms to implement change. If our education cannot help us live better, we need to change our understanding of what education ought to accomplish. When students are untrained in skills that matter, how can we expect Nigeria’s factories, hospitals and businesses to operate well and employ Nigeria’s people?

    The new leadership is thus challenged to redefine the objective our education which should inculcate both formal and informal forms of learning to incorporate more dimensions to convey knowledge that meets 21st century needs. This may take time to evolve, but if we start implementing it in piecemeal, it may end up producing well-rounded graduates who would in turn fulfill the missions of education.

    Leadership therefore plays a crucial role in the development of any society, a look at the leadership structure of a society says a whole lot about that society, which is why John Maxwell – who has written and researched extensively on the subject – said everything rises and falls on leadership. Leadership can either move a people forward or backward, it can cause incalculable damage that in some cases may require decades to correct. As a student of history and political economy, I’ve taken the pains to study the critical path of nations, and in my studies and research, I’ve discovered that leadership plays a fundamental role.

    Most countries in the advanced world have a laid down blueprint and guideline for leadership grooming and selection – even though no one is going to print out a manual and give to you, nonetheless such things exists -that is why they never have issues in this critical area of progress.

    Nigeria’s, and by extension Africa’s leadership crisis is deeply engrained and multifaceted; it is a combination of lack of vision, greed, tribal, religious and sectional affinity and most importantly, the unwillingness to leave the stage when the ovation is loudest. But we have broken the jinx with the election of president Buhari. All we need now is to patiently wait for him to turn things around or lay the foundation for the change we all agree we need.

  • Understanding success to be successful

    Understanding success to be successful

    Her story shows that if one wants to build a successful business, one has to understand what success means and be truthful. She has achieved that with agro business, reports. DANIEL ESSIET.

    Miss Mayowa Oluyomi Oguntoyinbo, Chief Executive Officer, A.Y.O Farms, Ogun State  has a high entrepreneurial streak.  A graduate of Veterinary Medicine from the University of Ibadan, with Masters degree in Public Health from Bournemouth University, United Kingdom (UK), she had  a desire  to  create something that will outlive her and  have a greater social impact as an entrepreneure.

    Her  words:” I remember getting paid for packing ready to use bathmate sponges my mother made while growing up as a very young girl, and I have applied one or two informal skills to earn income while leaving abroad.”

    She took up a few jobs and worked as   a Veterinarian Officer and Clinician. The   job entailed Animal Health Management and treatment and health advocacy to clients and the public.

    But her dream was yet to be accomplished. Eventually, she had to quit her job as a Veterinary  Officer and went  into agro business.

    One of the major reasons why she ventured into agric-business was her passion for food.  “I like food, I like good food and I like to enjoy what I eat, I know that in war-times and happy times, food is a need that will always come first after the need to buy fuel at the moment in Nigeria.”

    With N100, 000 in her hand, she decided to start small. She started with growing vegetables such as  green pepper, red peppers, tete, shoko, ugwu, cucumber, ewedu and okro. She added  maize and pilot crops of maize, pineapple and banana and later raised livestock since her vision was  to establish an integrated farm.

    She has since been in the business for three years. Today, the business, according to her,  is self sustaining with a number of staff on her employment.  Through creativity and persistence, she has  found a unique way of growing her business.

    Like other young entrepreneurs, she has faced some challenges as a start up. In all, she identified them as being more of technical and infrastructural than finance.

    While running the business has been deeply enlightening to her, she has also undergone technical training programmes.

    She has delved deeply into the sector, acquiring knowledge and expertise in various components that make up agro business.

    She said she would have loved to work with a mentor in a similar business for a year or average of six months first, carrying out technical analysis on the land to know the basic resources required ahead before going solo.

    Her success, however, has to do with her positive mindset.  ” Of course yes, if I do not believe I can do this and overcome this then I have started failing, if again I do not speak out then I am worse off,” she said. So, what does it take to make a success of any business?  She has learned to overcome the hurdles and barriers, which came from many sources such as family commitments, experience and lack of finance.  She  had always set her eyes on greater things. She never shied away from rejection and had so much faith in the quality of her produce.

    One of the keys to her success is determination and she has a resolute spirit in the face of any challenge. She always looks forward  to finding solutions to any problem confronting her and  her family has been a great driving force,  giving her the impetus to go for her dream.

    However, as much as these attributes are the backbone of her success, it was her pragmatic approach to getting finance and retaining control of her produce that  determined her success.

    She advised young entrepreneurs to   grow with their visions. ” Do not leave any financial or strategic decision to any ‘expert” and do not be afraid to ask for help,” she said.

    Her objectives are to make young entrepreneurs in the agro industry enterprising and productive to earn as much as they can and provide job opportunities for others.

    Her greatest achievement is running a well-established and self-sustaining business.

    Looking ahead, she hopes to, establish a big wholesale business and expand into new areas.

  • Get successful mentors, VC advises freshers

    Get successful mentors, VC advises freshers

    The Vice Chancellor of Adekunle Ajasin University, Akungba-Akoko (AAUA) in Ondo State, Prof Igbekele Ajibefun, has advised freshers to shun vices that can cut their dreams short and hamper their academic pursuits.

    The institution, he said, has zero tolerance for misconduct and act that can bring its reputation to disrepute.

    Prof Ajibefun gave the advice at the orientation organised for the new students at the institution’s multipurpose hall.

    He congratulated them on their admission but told them to work hard to achieve excellence. Describing the school as the best state-owned university, the VC said the institution had trained graduates to compete anywhere in the world.

    He said the orientation was to integrate the students into the system, stressing that excellence could be achieved by any student who desired to work hard for good grades. The VC encouraged them to use their time for their studies.

    Prof Ajibefun also admonished them to get successful people in their various fields for mentoring. He urged the freshers to set good goals and pursue their education with passion.

    The Dean of Students’ Affairs, Dr Olujide Ajidahun, told the students to be serious with their academics. He advised them to complete their registration on time.

    President of the Students’ Union, Olukayode Ogunade, urged the freshers to put their trust in God as they started their journey in the university.

     

     

  • Why I am a successful monarch,  by Alaafin

    Why I am a successful monarch, by Alaafin

    The Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, is a traditional ruler who is well at home with the history, culture and tradition of the Yoruba people. A meeting with him promises to be not only enriching but spiritually and philosophically uplifting as BODE DUROJAIYE found out when he had a brief chat with the first class monarch.

    After 47 years on the throne, the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, has revealed the reasons behind his success.

    Speaking with The Nation during a brief encounter recently after the commissioning of some projects he donated to some communities in his domain, the monarch attributed his successful reign to the immortal words of the Scottish-born scientist, Alexander Graham Bell, which serves as the driving force behind his success.

    Quoting the inventor of the first telephone, Oba Adeyemi said: “The most successful men in the end are those whose success is the result of steady accretion… It is the man who carefully advances step by step, with his mind becoming wider and wider – and progressively better able to grasp any theme or situation -persevering in what he knows to be practical, and concentrating his thought upon it, who is bound to succeed in the greatest degree”.

    The first class monarch opined that “a traditional ruler should be seen as the perfect embodiment of the culture of the place, as well as the synthesis of the aspirations and goals of the nation. This is not only in social values of veracity, egalitarianism, justice and democracy; but in actions and deeds”.

    He pointed out that it was to his credit that a great number of his colleague Obas across Yorubaland are what they are in status today, having used his position as a highly revered monarch, his robust sense of history, powerful writing skills and consideration for fellow human beings to advance their causes.

    ‘’Alaafin relies heavily on the will and wishes of his subjects. In politics also, he is concerned about the sanctity of his position, whatever happens and the welfare of his people. Thus, to secure his support, a politician must convince him of offering his exalted position the highest degree of dignity, respect and honour it deserves as well as the care of his people through the usual dividends of democracy”. He said.

    A monarch with class, Oba Adeyemi is an enigma by every standard and a chance meeting with him was like an expository adventure through a school of history.

    The very urbane monarch, who worked as an insurance officer before heeding the natural call of the gods, through the Oyomesi to ascend the throne of his fore-fathers as the Alaafin of Oyo Kingdom is a man at home with himself at all times, as he exudes confidence in all his dealings.

    One enviable highpoint in the life of this great monarch is his deep knowledge and high sense of recalling historic events with facts and figures; and with an accuracy that will beat the imagination of youthful intellectuals.

    The foremost traditional ruler is of the conviction that a people without a cultural identity of their own would be lost in the forward march of world history and their contributions to human civilization forgotten very easily.

    A prolific writer especially in the area of Yoruba and world history, Oba Adeyemi had been guest speaker at numerous forums organized by professional bodies and groups. Of great importance were two of such articles written as far back as 1968, which have today become fulfilled prophecies. The first was “I Shall Be Great” and the second “I Shall Be The Next Alaafin”.

    Barely a week after the second article was written, the young Adeyemi was selected as the Alaafin-elect by six out of the seven members of the Oyo-Mesi in March, 1968. That marked the beginning of his tortuous journey to the exalted throne. And so at a tender age of 32, he became Alaafin Lamidi Olayiwola Adeyemi III.

    Oba Adeyemi who had clocked 77 has taken traditional leadership to another level, using his exposure, wealth and power to benefit his people and mankind.

    The immediate family of the late Sam Ojebode, a former skipper of defunct IICC Shooting Stars Football Club of Ibadan, will forever be grateful to the Kabiyesi for building and furnishing a house for them in the memory of their late father and husband.

    The Alaafin has displayed a great deal of ingenuity in bringing touches of modernity to the ancient Oyo Palace without losing its traditional essence, a development that has turned the place to a tourist centre.

    This touch is not only about the infrastructure and architectural design of the Palace, but also about the individuals that have statutory and traditional functions in the Palace.

    He has made life more comfortable for his people both with the township and core villages.

    In 1979, the Federal Government honoured Oba Adeyemi with the national award of Commander Federal Republic (CFR), and a year later the same government appointed him the pioneer Chancellor of the former University of Sokoto, now Uthman Dan Fodio University, Sokoto, a position he

    held for a record time of 12 years of three terms.

    Alaafin not only uplifted the ivory tower to enviable heights, but requested for a slot of ten candidates to be offered scholarship from his personal purse annually. All together the paramount ruler sponsored 120 students to study courses of their interests at the university before he completed his tenure as the Chancellor.

    An intellectual in his own class, Oba Adeyemi does not only impresses the knowledgeable audience, where he had been invited to speak,  with his mastery of colonial history, but his captivating speeches usually attract rounds of standing ovations that leave the audience wondering if he is indeed a monarch or a visiting  professor of African History.

    During festivals, especially Id-el Kabir,  indigenes of the ancient Oyo town across the country, including the residents, irrespective of their religious inclinations are eager to come home and witness how their cherished monarch blend religion with tradition.

    A paramount ruler with deep compassion and unrivaled generosity, Alaafin uses what God has endowed him with to touch the lives of the people.

    No fewer than twenty-two communities, including township and villages had benefitted from his unusual gestures. The benefits include erection of electric poles and transformers, provision of micro-finances free of charge, construction of boreholes, garri processing centres with equipments and construction of blocks of classrooms. All these amenities were solely financed by the Kabiyesi.

    Notable among the communities were, Ilora, Akeetan Titun, Molaba, Araromi, Isokun, Olorunda, Sangodeyi, Soku,Ote-Efon and Aba-Aladie.

    Also, last week Sunday, three more villages benefitted from the monarch’s largesse. They were Fashola, Aba-Aladie and Sooku. While a transformer was commissioned at Sooku, a well-furnished maternity centre was opened for use of the villagers.

  • Financial discipline: The key to a successful business

    Discipline which is following of a code or systematic plan seems to be the main ingredient to not only financial success, but all success.

    Financial discipline is being able to control your spending and to be able to put money away instead of spending it.

     

    HOW TO ACHIEVE FINANCIAL DISCIPLINE?

    1.            Spend less than you earn

    Follow the 30/70 principle.

    Tithes 10%, savings 10%, investment 10%, and live on 70%.

    2.            Have a budget for your money

    If you don’t have budget for the remaining 70%, it will never be enough.

    The budget should cover the following:

    Housing/Rent

    Feeding

    Car maintenance

    School fees

    Entertainment/Recreation

    Medical

    Miscellaneous

     

    3.            Shun shady schemes

    The quickest way to destroy your fortune and reputation is to engage in unwise or unethical deals and practices.

    4.            Invest wisely

    A small and safe return is more desirable than risky and high return. Invest only in business you understand and familiar with.

    5.            Lend wisely

    If you lend, lend in such a way that it may earn you more, and lend with caution in a variety of places

    6.            Diversify

    Diversification helps you to spread your risk and also increase your income potentials.

    7.            Use professional advice

    It is part of financial discipline to make use of lawyer, Accountants, Consultants etc.

    8.            Use the power of leverage

    Leverage is the power to control a lot with just a little

    OPM:    Other people’s Money

    OPE:  Other people’s Experience

    OPI:  Other people’s Ideas

    OPT:      Other people’s Time

    OPW:    Other people’s Work

    Those who build successful businesses are masters at using all five kinds of         leverage

    9.            Practice good corporate                                governance

    •             Keep record of all your                  expenses.

    •             Separate your personal finance                 from the business finance.

    •             Ensure that all sales are                                 banked daily.

    •             Pay yourself a salary.

    •             Pay your taxes.

    Have an auditor for your                               company

     

     

    Financial discipline is a skill that gets better with practice

    It can be learned just like anything else.

    Thus a key part of financial success is learning the skills of discipline and breaking the habit of spending unwisely.

    When we all make up our mind, we can achieve financial discipline.

     

     

    •Tomi Omojuwa

    Managing Consultant

    Pathlead Consulting

    info@pathleadconsulting.com

    Tomiomojuwa@gmail.com

  • Things successful entrepreneurs do daily

    The most effective entrepreneurs view themselves as assets. They continually invest in themselves and in their future through continuing education and self-improvement.

    If you want to become a better entrepreneur and successfully grow your business, dedicate time and energy to improve your daily habits.

    Here are 15 things many business influencers make time for in their busy schedules.

    • Eat breakfast. To work at your peak performance, your body needs fuel. Rather than just grab a cup of coffee on your way to the office, take a few minutes to eat a meal or drink a protein smoothie — even if it’s on the go.

    • Plan your day. First thing in the morning, look at your calendar and prioritise your schedule. If you work best during a specific time of the day, block out those hours for quiet work time. I do my best work in the mornings, so I try to schedule at least 90 minutes to work on my writing before daily distractions begin. While you’re at it, schedule short breaks throughout the day to eat a healthy snack and keep your energy up.

    • Don’t check email right away. It’s tough not to hop on your smart phone first thing in the morning and see who’s emailed you. Often checking email is a distraction from what you want to focus on early in the day. Try to wait until 9 a.m. or 10 a.m. to check email, after you’ve completed at least one of your critical to-do items. If you’re working on an important project, try not to check your email more than three times a day.

    • Remember your purpose. Take a few moments at the start of each workday to remind yourself of your company’s goals. Think about your core customer and which areas of your business are most profitable. We oftentimes get caught up in the minutia of daily tasks we lose sight of what brings us happiness and profitability.

    • Single-task. We live in a world that praises multi-tasking. Unfortunately, when you have too much going on at once you may become distracted by interruptions and unimportant glitches. To be productive and effective, prioritise, delegate whenever possible and focus.

    • Visualise. It may feel silly, but close your eyes and envision your success. Imagine what you will feel like when you reach your goals. Visualisation is a powerful tool and can help you keep your aspirations at the front of your mind. It might also help to post a picture of what you’d like to accomplish. For example, if you’re interested in taking a trip to Paris, post of photo of the Eiffel Tower on your desk.

    • Say no. Entrepreneurs especially feel pressure to accept every opportunity that comes their way. However, not every opportunity will benefit you or your business. Time is our most valuable commodity. Be selective about what you agree to do.

    •Value your time. Unlike money, time is a non-renewable resource. There’s simply no way to make more of it. Guard your time and spend it doing the most important things for yourself and your company. Avoid distractions whenever possible. Whether you facilitate or attend a meeting, online or in person, get clear about the start and end time. Whenever someone requests a meeting or consultation with you, try asking for the questions in advance so you can do your research ahead of time. This will keep you on time and on task.

    • Delegate. In the early days of my business, I thought I could save money and do everything myself. Then I realized the small, mundane tasks were taking me away from those things that generated the most income for my business. I was on the fast track to burnout. When you become overwhelmed with work or can’t figure out a solution, hire someone to help.

    • Listen. Be present when you speak with a colleague or employee. Take the time to fully understand what the other person is saying. Leaders who listen effectively avoid miscommunications and are less likely to have to ask for clarification later.

    • Show gratitude. Make it a daily habit to sit down and be thankful for all the opportunities you have been given and all the things you’ve accomplished so far. Simply reminding yourself of your past successes will keep you focused, present and productive.

    • Stand up and move around. Did you know sitting is the new smoking? This car-commuting, desk-bound lifestyle can be harmful to your health. Studies show it raises the risk of disability, diabetes, heart disease, certain types of cancer and obesity. No matter when you can make time for it during the day, take a few minutes to stand up and take activity breaks every hour or so. It’s good for your body and mind.

     

     

     

     

  • 10 successful entrepreneurs who started in college

    The common line of thought is that a career does not start until after college. Many college students have summer jobs and work study positions, but very few consider these careers. While graduation is traditionally the time in which people start discussing careers, many individuals have successfully begun their careers in the midst of their academic pursuits at college.

    Some of the most successful entrepreneurs throughout history began their business ventures in the dorms and classrooms of colleges and universities. With some of the most intelligent and creative individuals all thinking within four brick and mortar walls, universities are bound to turn up some ingenious entrepreneurial notions. These are 10 of the most successful entrepreneurs in history who started their companies in college.

    • Larry Page and Sergey Brin: While these two names may not sound immediately familiar, the company that they founded certainly will. Larry Page and Sergey Brin are the founders of Google. They met in college while pursing their PhDs in mathematics and computer science. Becoming fascinated with search engines and data mining, the rest will go down in history.
    • Mark Zuckerberg: While many expected this name to top the list, I just could not bring myself to put The Zuck above Google. However, with his story now widely known after a major motion picture, various documentaries, and several biographies, Zuckerberg is nonetheless phenomenal. Founding Facebook as an Undergraduate student at Harvard, Zuckerberg revolutionized social interaction in our society today.MarkZuckerberg, Facebook
    • Michael Dell: While in college as a pre-med student, Michael Dell started his small business Dell Computers. This small business soon became the personal computing giant, Dell, worth billions of dollars. Dell was named the youngest CEO to ever have his company ranked in the Fortune 500 in 1992 and has a net worth of over 13 billion dollars.
    • Bill Gates: Widely known as one of the smartest and richest men in the world, Gates was once a brainy college undergrad at Harvard. Gates has founded various super companies, including Microsoft, Apple, and others. But it all began when he was in school, messing around with computer interfaces and processors.
    • Frederick W. Smith: Though he did not actually launch his company while he was in college, Smith wrote a paper as an undergraduate at Yale detailing the future of delivery service. Smith’s paper was the young skeleton of the later uber successful package carrier FedEx.
    • Marc Andreessen: At one point, Netscape was the dominant web browser on the market. Andreessen was a student at the University of Illinois at Urbana-Champaign when he developed the concept for the browser. Andreessen fully released Netscape after he graduated when he was only 23 years old.
    • Steve Wozniak: Known as “the other Steve” of Apple, Wozniak co-founded Apple computers with Steve Jobs when he was a student at the University of California Berkeley. Apple Computers became one of the largest and most successful computer companies in history. What began as a product to impress members of the Homebrew Computer Club in Palo Alto, California would soon take the world by storm.
    • Bo Peabody: As students at Williams College, Bo Peabody and Brett Hershey, began their design for what is known today as Tripod.com. This site was dedicated to web hosting services for college students and young adults.
    • Shawn Fanning: As a student at Boston’s Northeastern University, Shawn Fanning developed the file sharing system Napster while working at his uncle’s internet company. Though Napster ran into several legal issues, the company was still hugely successful and revolutionary for its time.
    • Zach Kaplan and Keith Schacht: Though not as widely known as the other names on this list, these two entrepreneurs founded two companies as students at University of Illinois. Inventables creates “how-to” materials for entrepreneurs, inventors, and engineers and Lever Works, Inc. develops internet applications.

     

    •Mariana Ashley is a freelance writer who particularly enjoys writing about online colleges . She loves receiving reader feedback, which can be directed to mariana.ashley031 @ gmail.com.

  • How to make successful investment in Africa, by Oduoza

    How to make successful investment in Africa, by Oduoza

    Group Managing Director, United Bank for Africa (UBA) Plc, Mr Phillips Oduoza, has advised international investors seeking to invest in Nigeria and other African countries to partner with credible domestic partners to navigate the market and understand the intricacies of the local economy.

    Speaking at the panel on pan-African businesses at the recently concluded three-day Milken Global Conference in Los Angeles, California, Oduoza said it is imperative for the investors to partner with local players like UBA that understand the business terrain to help them navigate around some of the seeming challenges of investing in Africa.

    Understanding of the local culture, customization of products and initiatives were identified as critical factors to successfully invest in Africa by the panel which was made up of Oduoza ; Ahmed Heikal of Citadel Group in Egpyt, Pade Durotoye, CEO Oando Exploration and Production Limited and Jonathan Berman of Dalberg Consulting among others.

    The panel also called on prospective investors from developed countries to evolve new financial models that will enable them invest in the ports, transportation and power sectors.

    According to the panel, there is need for more of structured financing and capacity building, more dialogue and engagement of stakeholders by prospective investors and improved focus on Africa by more Export Credit Agencies (ECAs), Development Finance Institutions (DFIs) and Sovereign Wealth Funds (SWFs).

    The panel discussed how entrepreneurs and industry leaders are harnessing the enormous potentials in Africa to transform the continent in diverse fields like manufacturing, technology, real estate, financial services, infrastructure and agriculture.

    The main discussions centered on the questions that confront investors and businesses when approaching the African market, entry strategies as well as obstacles that threaten growth.

    The Milken Global Conference brings together some of the world’s leading thinkers, visionaries and decision-makers to help find solutions to critical issues facing the world. The 2014 Conference was the seventh edition and it brought together more than 3,000 people from around the world — senior leaders with the mind and the means to create positive action for four days of intense discussion.

  • Egypt 80 band  is more successful  now than when it  was under my  father —Seun Kuti

    Egypt 80 band is more successful now than when it was under my father —Seun Kuti

    Seun Kuti has continued to promote the struggle of awakening the revolution in thecommon man on the continent through his consistent ability to churn out politically and socially charged songs. Under him, the Egypt 80 band which he inherited from his late father has also developed into an entity saddled with the responsibility of midwifing the Afrobeat evolution. The youngest son of the Afrobeat pioneer, Fela, who has succeeded in re-energizing the Afrobeat genre, spoke with AHMED BOULOR about a range of issues bordering on his career, his family and the state of the nation in this interview. Excerpts:

     

    WHAT’S your take about the federal government’s intention to have your grandmother’s face on the proposed new Nigerian currency?

    I think my stand on that issue is very clear; for me it is a forgone issue but I don’t think the federal government has any right to do that without consulting with the Kuti family, especially when her case is so peculiar knowing very well that she was murdered by agents of the federal government of Nigeria. They tend to want to forget that aspect and up till now the Kuti family has not received any apology, compensation and most especially justice for her death. The family has not been given any clue and no one has been held responsible for her death. She was such a great woman not just because she was Fela’s mother; she was the first woman to drive a car in Nigeria. My grandmother was the first African woman to visit China; she was a close confidant of Chairman Mao of China and she also fought for the right of females to vote in Nigeria. She was an icon for a lot of women and she also started the women advocacy rights here in Nigeria and for them to murder such a woman and not give any explanation or serve any justice and in turn want to paste her face on any currency is really rude. It shows that our present day government has no feeling for humanity or for people; they are power drunk.

    Just like your father, you have also failed to acknowledge the existence of God. What then do you believe in?

    My father believes in God oh! He is a traditionalist; Fela believed in African gods. I don’t believe in anyone at all; be it African or European. Basically I don’t believe in religion; I believe religion has caused more harm than good to humanity and it doesn’t really say anything. Religion is sometimes ambiguous and to me it is a divisive tool to humanity though I practiced religion when I was younger, but ever since I clocked 20 religion didn’t appeal to me any longer. It also largely has to do with the fact that I grew up with an uncle who is an atheist as well. There are books you can read even by Christians that reveal the other side of the coin; most people don’t understand the history of what they practice.

    But you do believe in nature?

    Nature is that thing that controls humanity and the environment; it is important to believe in nature and its sciences. I mean with things we can prove and things we can understand. I feel the world is complicated, beautiful and complex enough in its own right to bamboozle and awe us as long as we live. But the supernatural aspect of nature is what I don’t understand.

    Has your position on marriage changed?

    It hasn’t changed at all…

    What was your last tour of the UK like?

    It was fantastic! My first album did pretty well in the UK and the second one got me a whole lot of followers in the UK because of Brian Eno’s input. We have been booked to perform in the UK three times and the usual Afrobeat gig in the UK is a multi-ethnic gathering. I like it when I play in London because it is an integrated society; it is a place where you perform and get a variety of people from different backgrounds. I have my largest Nigerian fan base in the UK and when I have my shows in the Europe the tickets are usually sold out because people over there are very efficient with buying tickets.

    You’ll be a year older soon; January 11 to be precise. What plans do you have in the pipeline to celebrate?

    I don’t know yet but my godfather is going to throw me a party; I am going to be 30 and I have told him he is going to take care of stuff on my birthday. I don’t know the plans he has for the party but I am sure it is going to be something nice.

    Let’s talk about the tattoo you have on your back which is an image of your late father…

    I’ve had it for 10 years and when I had it, not too many people had tattoos in Nigeria. I had my tattoo when it was a taboo to have tattoos in this part of the world.

    Does Fela still live in you?

    Fela lives in the minds of Africans; and this is why I actually don’t believe in religion, because what it promises is not enough. It promises people that they will go to heaven and people in turn fight to get there; I wonder what kind of happiness one will have when he struggles to go to heaven only to find out that other people they love like their mother, father, brother or any close relative does not make it to heaven? Everybody in Nigeria is struggling to go to heaven and if they read their Bibles very well it is stated that only 144,000 people will make it to heaven. It is even stated that it is only the Jews that will make it to heaven; so I don’t know what the fuss is all about when it comes to religion.

    Fela’s existence is in the memory he left behind; it is in his achievements and he impacted so much in the lives of many. That is what people should live their lives for but people rather live their lives fighting for God. It is written that God is all powerful and I wonder why people should pick up the battle axe and start fighting God’s battle. People need to live their lives in real goodness and ensure that they positively impact on the lives of other people. It should be about inspiring people to live better and that is the only way you can achieve immortality and that is what Fela has done. When you are around Fela, you are allowed to express yourself because Fela believed in true individuality. He might not necessarily accept your idea, but he respected the fact that you are human and you have the right to have your say. Fela lives in the minds of scores of many because he dedicated his life to the freedom of the African continent.

    Is your sister still part of your band?

    Not anymore! She quit when it was hard for her to balance music and her, but now she apparently is going to be the MD of the Kalakuta Museum.

    What was going through your mind at age 9 when you walked up to your father telling him you wanted to sing for him?

    I was actually 8 years old then; I was naïve then anyway. I grew up loving music at the Kalakuta Republic. I walked up to my dad then telling him about my desire to sing for him because I thought it was an easy job. I was always going on tour with my father and after he played at the Apollo, I thought to myself that music was all about having fun and getting paid for it. So I thought to myself that I wanted to sing; so I walked up to my dad and told him I wanted to sing. He asked me if I could sing and I answered in the affirmative; he asked me to sing a song and I did the ‘Sorrow, Tears and Blood’. He told me I could sing a bit and I had to just do a little bit of homework. He later told me to start rehearsing with the band and that was how it all started. Later, he requested that I opened the shows for him and the rest like they say is history.

    How hard is it being an Afrobeat artiste?

    It’s not so hard being an Afrobeat artiste in Nigeria because some people do not understand what Afrobeat is all about. They know Fela but they have forgotten the concept behind the genre. For most people, especially some Nigerian artistes, when they wear tight-fitting trousers and tap their feet on the floor everybody will say that person is an Afrobeat musician. Even present day pop artistes in Nigeria refer to themselves as Afrobeat musicians. But to an extent, being an Afrobeat artiste can be hard because it is anti-establishment and everything you do has to be established. There is no private sector participation in promoting Afrobeat music because people feel it is too critical of government and they don’t want to have anything to do with it. They’d rather spend money sponsoring hip hop events and concerts. It is time when artistes in Africa began to speak the truth about our people and it will be a dark day in Africa if we become free and music does not play a role in that freedom. It will be a shame on our profession because music has been in the forefront of revolutionary changes. That is what we lack in Nigeria because the elite are not on the side of the people.

    What’s the toughest part of following your father’s political and social ethos?

    I feel everyone should know and understand the advantages and disadvantages in whatever you venture into. Afrobeat is not Nigerian anymore, when I say that sometimes people try to criticise me as well. Afrobeat is now global; there are more Afrobeat bands in New York than the whole of Nigeria put together. People see the beauty and the relevance of my songs and they appreciate it just like the way they appreciated Fela’s music. Sometimes it is just prejudice because everyone has a preconception of who they think you are.

    How well is your sophomore album ‘Rise’ faring locally and internationally?

    I cannot determine the success locally because marketers have been stealing my money. They steal money too much in this country and I am tired of doing business here in Nigeria. I don’t like it when I feel cheated; as soon as we sold the initial batch we stopped production of the CD’s because the songs are going to be downloaded anyway and CD’s are becoming redundant. My music is on iTunes just in case anyone wants to buy it; internationally it’s getting the needed boost in terms of patronage and followership as much as expected.

    Do you think Brian Eno‘s and John Reynolds’ input on the album is creating the right impact?

    Of course it is; like I said, their impact more than doubled my market in the UK. I didn’t work with Brian Eno expecting an outcome of any sort because I know the quality that he brings to the table. I worked with him because I respect him as a producer and not because of the commercial and critical impact his input may have on the album. The album is revolutionary and it is a classic album; internationally ‘Rise’ is huge and we’ve toured the world twice already and my record company is now on my neck for a second album. They also want me to sign a new deal…

    How would you describe the evolution of the Egypt 80 band in the over 12 years that you have been in charge?

    I have been in charge for more than 12 years and time is the greatest enemy for anyone and for musicians especially. I believe the first evolution is first with the personnel; the Egypt 80 band is more successful now than when it was under my father.

    How do you mean?

    I am not saying that I am a better band leader than my father; Fela was more social than I am and he used to take money from the band to feed thousands of people. But whatever the band gets now is spent on the band itself. So everyone has a better salary and allowance than it was under my father because my father believed in being social. He spent his money on people and also spent to run the Kalakuta Republic. But I do not have any republic to run.

    If your father were still alive, what kind of man would you have evolved into?

    I would have evolved into an old man who thinks he is younger than everybody.

    How tasking is it to churn out politically and socially charged songs?

    Like I said earlier, Afrobeat is global and my lyrics are no longer about Africa because the whole world is connected. The austerity measures we had to go through in the past have now reared its head in countries in Europe like Greece and Italy. People cannot stand it and what we are going through in Africa is not peculiar to Africa alone. It might be a bigger degree as compared to the West but they are also feeling the pinch. In the West, they tax rich people for the amount of wealth they have and back here in Africa we try to give rich people more freedom with their finances. The drive for Africa should empower the people.

    How’s work progressing with your third album?

    It’s in the making and there’s not much I can say about it because it is not finished yet. We are fine tuning things now and recording will begin in February.

    Having waxed two albums, have you received any royalties for your works locally and internationally?

    I have not received any royalty here in Nigeria; but I am registered to SASEM in France and I have gotten huge royalties for my works.

    You once went Bungee Jumping and you also gave a hint sometime ago that you were thinking about Sky Diving. Have you attempted it yet?

    I have not had time for a holiday yet but as soon as I get some time off I will attempt it. I love extreme sports…