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Showing posts with the label Oba Ilobaa

What entrepreneurs don't like to talk about but should - Oba Ilobaa

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I honestly think there should be many books dedicated to it, with the big names used in illustrations. It is only fair that a truer picture is painted and for every colourful business success story there should be a balancing black and white version for the failures. It serves no one any good purpose to tell only the Forbes-worthy start-up stories and merely glance over its more than likely counterpart; “ F A I L U R E ” Failure can be painful, lonely, depressing and sometimes downright shameful –depending on the size of your ego. Riddle me this? How many books have you read that is dedicated to business failures and the lessons behind the failures? I’m an avid reader of HBR materials and I can tell you for free nobody really wants to talk about personal failures but, we all fail at something at some point and that’s a fact! I failed last year and, failed so bigly that I almost lost sight of all the beautiful wins I have in my pouch, I lost cool cash, closed one busines

Oba Ilobaa: 2016 Resolutions (for Men)

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2016 Resolutions (for Men) i. Make plenty money ii. Drink less iii. Eat healthy iv. Quit Smoking v. Join a Gym vi. Start saving... bla bla bla Aren't you tired of lying to yourself? We all 'wish' to be better persons right? But then we must put in the work and permanently overtake the imaginary life we oftentimes use to embellish our reality.Lol Alot of people just make armchair resolutions year in year out. Don't hop on a threadmill and expect it to take you someplace, if you really want to move you need to take a walk or find a bus going your way. Period! Here are 10tips I've found very useful and practical too. 1. Write down your plans. Do it the old fashioned way. Put pen on paper. Stick it where you can see it every single morning. Forget that app thing. It's cool and that's where it stops... 2. The calendar does not have to change for you to make a change in your own life. Start TODAY! You know what needs changing this minute so w

Oba Ilobaa - Young Male CEO: The Life Hack

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No need sugarcoating this, running a business is very hard (& certainly very rewarding). If you see only the glamourous sides, don't be fooled! -It is not for children.However, don't be totally discouraged GTBank is still hiring. You see, how you are able to successfully pull this CEO task is really your 'business'. Here are some useful self-help-tips to guide the Young CEO in making his bones. 1.Tip often. Give only crisp notes & watch service people transform to your personal servants e.g. service boys at weddings or security guards at your bank. 2. Carry a brown or black leather 'money bag' around ,even if you have zero account balance.people will assume in your favour. 3. Grow a pot belly & wear starched shirts. It doesn't make sense but,many Nigerians respect this combination. 4. Social Media hack: Whenever you meet a famous person,don't ask too many questions just ask for a selfie & post on Instagram and twitter (ski

Oba Ilobaa: Remote Management Hack

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Sitting idly in a hotel room in Accra, I lazily swiped through my phone scrolling through photos taken at the Cape-Coast castle the previous evening. I pondered on the business angle of slavery and the operational management systems employed to export human beings. The thought of business jarred me back into my own reality, my young Laundromart business is in Lagos, Nigeria. What are they doing right now? Are today’s sales better than yesterday’s? Are they treating customers’ right? Are they pilfering from sales? On and on... Now let us set something straight right away, if these are among your biggest business worries then your chances at growth from point A to B is still very slim. Your job is to grow the business not sweat operations. Here are top 9 Reasons I can vacation at Seychelles for a month (if I like) and not worry that my business will crumble in that time. 1. Receipts and invoices for every dime in and out. Keep a record book. Make it electronic this is 2014.

Oba Ilobaa : An Entrepreneur, His idea and MONEY

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I met Oba when he contacted me to work on the financial projections for his Laundromart business back in 2012. Trust me when I say it all started with an Idea . In this piece, he shares the insights he has gained in starting and running his business for almost 24 months. - David Apaflo Neatly stacking the well ironed shirts and ‘Natives’ into my school bag, then crosschecked the old GTB diary to confirm the bill and be certain all items were accounted for, I sent the sms and hopped into a ‘danfo’ heading to Ikota to deliver fresh laundry to a customer. This was how I started a laundry business as an undergraduate in the University of Lagos. Fast-forward this by four years and we have Snowfresh Laundromarts (UNILAG ), a Business School certificate, a winner of Diamond Bank BET3 programme , and an admirable network of seasoned entrepreneurs and consultants. The idea was simple then as it is simple now – “to provide laundry service to a large demographic at the lowest po