ENTREPRENEURSHIP:
A VEHICLE TO DRIVE
SOCIAL INVESTMENTS FOR ECONOMIC DEVELOPMENT
"If we tried to think of a good idea, we wouldn't have been able to think of a good idea. You just have to find the solution for a problem in your own life.
-Brian Chesky (co-founder, Airbnb)
Who is an entreprenuer?
I like to look at the Entrepreneur as an Initiator, a Challenger and a Driver This is because the entrepreneur initiates a course. challenges the status quo, and drives the process. In Nigeria, Entrepreneurship is primarily driven by NEED.
FORMS OF ENTREPRENEURSHIP
Opportunity entrepreneurs: Launch new businesses in response to market needs. High impact - High growth.
Necessity Entrepreneurs:
Mere needs to be a part of an economy. Would otherwise be out looking for a job - not there to make a significant difference. Entrepreneurial spirit Mindset - Manage - Take risks.
These three words effectively define the entrepreneurial spirit.
Why entrepreneurship? Because entrepreneurship
-Accelerates Economic Growth through the introduction of
new products & Services.
-Promotes Innovation and opens new markets.
-Promotes Social Changes and Breaks traditions.
-Accelerates Research & Development, Knowledge
sharing.
-Develops existing enterprises by inventing new
products and ideas.
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Enterprise driving social investments:
WECYCLERS is a Lagos-based enterprise focused on giving low-income communities in developing countries value for their waste. It won the 2019 King Baudouin African Development Prize worth €200,000 (N104million) for its development work in Africa.
Easy Solar Based in Sierra-lone, they enhance the lives of people across West Africa by providing access to solar energy solutions and other transformative durable goods.
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SafeBoda which started in Uganda now operates in Ibadan. It plans to restructure the motorcycle informal industry by providing tested, trusted, and safe transportation for everyone.
BellaNaija is a lifestyle, entertainment, and fashion website in Africa. Headquartered in Lagos, Nigeria.
BAU The Beni American University is a Nigerian-owned enterprise that deploys technologies that improve the entire Student, lifecycle from recruitment, admissions, learning, living, and graduation. In turn, they optimize Administration for Institutions and teaching for
INNOSON Manufacturing durable and affordable brand new automobiles for Africans. Innoson is an indigenous privately owned Nigerian group of companies committed to driving the Nigerian economy forward through industrialization.
Instructors.