You must start your own business in order to survive the current ubiquitous economic impasse that has been a great challenge to everybody, male and female, young and old in the current global quite awkward economic dispensation notwithstanding the fact that the fears associated with doing so are quite enormous.
Taking Nigeria for an instance, one may feel that it does not get easier in the country’s parlous economy where there are quite a number of uncertainties in infrastructure and security as well as the fear of the unknown which caps it all but still business thrives there for those with especial know-how and courage.
The concept of starting one’s business is no doubt, quite intimidating. There is also the fear failure, sourcing start up costs as well as while many other reasons normally come to mind and that notwithstanding, you must start your own business and eliminate those challenges as they emerge and finally, it will be possible for you to live a life more abundant for the benefit of your loved ones and the immediate society.
The state of the economy should not be the reason for one not to embark on a matter that will make one to be self-reliant for a life time particularly these days when white collar jobs continue to be out of easy reach so starting your own business can surely provide a safety net or rather a hedge against the unknown future..
If you start your own business the right way, it will be easy for you to generate more income for yourself without having to depend on others for survival or worry about the stress and pressure from anyone since you live solely by what you earn. This will make it possible for you to work at your own pace and also have adequate time for your family and do what you like at the time you want without anyone breathing on your neck.
It is quite obvious that with adequate preparations, planning and focus anyone can actually be successful at a self-owned effort and the reason why you must start your own business right now cannot be overemphasized since it is the best assurance for the grandiose life-style that your family and you deserve..
There is no reason to use the parlous economy as an excuse but as a means for motivation and determination to live a better life. You start off by finding a passion which you must develop and market and in the end it will be glaring to you that the financial stagnation induced by the current global economic impasse will have an insignificant effect on you and also on your purse. Surely at a point, you may just wake up one morning and realize that you do not have to be an employee under anyone again.
The only point here is that before you venture into any profit making business, it is necessary to have adequate fund that will support you for a considerable length of time right from the planning stage and also reduce your budget for entertainments and other social engagements. You should also conduct a good number of feasibility studies and test run your efforts in order to check the profitability. It is also necessary that you must ensure that your recurrent domestic and public utility bills are well taken care of and also keep something aside for unforeseen circumstances. There is no doubt that there are challenges to face along the way but the end always justifies the means and that is why you must start your own business without further delay.
I am Ade Adenekan, formerly a Conference Officer with the erstwhile Organization of African Unity (now the African Union) for over half a decade. I have also, all along, been a Communications Consultant.
This piece, no doubt, is my widow’s mite contribution to resources on economic self-reliance particularly for the grassroots populace these days of global economic meltdown through the Internet.