Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Is Your 9-to-5 Killing Your Startup?
Transcript
- 0:00Hello and welcome to the podcast today.
- 0:04Apologies for any noise in the background because I'm making
- 0:07today's recording at home and I suspect my neighbor is doing
- 0:10some renovations or something. So expect to hear some noise in
- 0:14the background. Now today this is not a topic I
- 0:18normally talk about because, you know, my focus here is sales in
- 0:23particular and, and sales in general and then personal
- 0:26selling in particular. Now, personal selling is any
- 0:29kind of style, any kind of techniques, any kind of
- 0:32philosophy that is involved in helping an individual
- 0:38salesperson, one individual business person.
- 0:40When you are one-on-one, like intimate contact one-on-one,
- 0:45you're talking to somebody on the phone or you've gone to
- 0:49somebody's office or somebody has come to your office or your
- 0:52studio or you're sending an e-mail or you're in a one-on-one
- 0:58intimate chat with somebody on WhatsApp.
- 1:01Now, personal selling is all the principles, all the tactics, all
- 1:06the dynamics involved that you're going to use to be able
- 1:09to close the sale when you're talking to someone one-on-one.
- 1:12So yes, while I talk about selling in general and all kinds
- 1:14of selling, honestly, personal selling, that is where my true
- 1:20specialty lies. So you're talking to somebody
- 1:23and you know the conversation don't hook and you want to
- 1:26untangle the thing. You know, that's that's where I
- 1:28do my best. We're trying to figure out, OK,
- 1:31this deal, this deal, this partnership, this whatever, how
- 1:36do we untangle it? How do we get the situation back
- 1:39on the road? So even though I've done over
- 1:431300 and something episodes so far, in fact, I'll be surprised
- 1:47if I've passed 1004, I've always tried to stay in my lane talking
- 1:52about sales and personal selling.
- 1:54Once in a while I move into things marketing related.
- 1:57Once in a while I'll talk about things tech related.
- 2:01But I keep warning you guys, you know, all I know is sales, you
- 2:04know, I don't know tech and I don't know any of these sorts of
- 2:07things. So whenever I talk about things
- 2:09that are outside of my wheelhouse, outside of my
- 2:11specialty, then please take whatever I say with a grain of
- 2:14salt. Now, because of that, this is
- 2:16one topic today that I've never decided to do a full episode on.
- 2:22And that's and that's this whole thing of you want to do a
- 2:25startup. So should you go all in, like
- 2:28resign your job and then go all in and be full time with the
- 2:30startup? Or can I run this part of start
- 2:32time? I've never given a full formal
- 2:36opinion on this matter. Although to be honest, my
- 2:40opinion is if you're going to do startup, do startup.
- 2:45If you're looking for part time hustle, do part time hustle, but
- 2:48start up and part time hustle and not the same thing.
- 2:52That is my own personal opinion and that is what I have been
- 2:56advising my clients because there are a number of people who
- 2:58have been reaching out to me to say they want to do startup.
- 3:02This is their plan. The thing will blow, you know,
- 3:05Nigerian Stock Exchange, London Stock Exchange, blah blah blah,
- 3:08global Unicorn one thing, one thing blah blah blah blah blah.
- 3:12But I meantime, meanwhile, everybody on the team get side
- 3:18hustle, several side hustle, you know, founders in full time
- 3:21employment. Then they started the side also.
- 3:23OK, no problem. All the other partners on the
- 3:26team, all of them, they get work for, you know, other companies,
- 3:29other whatever. Everybody, everybody in the
- 3:33whole team. I mean, one client of mine in
- 3:36particular, I think they have like, let me say like 8 people
- 3:41on a roster and everybody where they involved everybody there
- 3:45they took and he said another, another something, you know,
- 3:49full time job here part also here, several part horses here
- 3:52and there. But then they're trying to get
- 3:55this startup to work. Honestly speaking, my own honest
- 3:59opinion. Remember, I'm not a startup
- 4:01specialist. If you all are serious about the
- 4:03startup thing. Because see, at the end of the
- 4:05day and how I put it, OK, you pay my, my fee and I'll tell you
- 4:10the truth, but I will still try and work within the parameters
- 4:13that you've, you've set. But to be honest, a lot of you
- 4:16that are trying to do global Unicorn and you know, one thing,
- 4:21one thing, you know, all these big, big, big ideas now global
- 4:24Unicorn, Nigeria's first billion dollar trillion dollars
- 4:28something, all those, your big, big, big, big, big ideas.
- 4:31To be honest, those of you who are saying you want to do start
- 4:34up, meanwhile you're working full time for this person and
- 4:38apart from your full time job you have two side hustles.
- 4:41Ha. My own opinion, honestly this
- 4:44thing, it ain't going to work, it's not going to work or even
- 4:49if it's going to work, you are delaying your journey
- 4:52unnecessarily. So my own honest advice is pick
- 4:56a lane. But before I come here I give
- 5:00you my honest advice. I say, well, let me go on
- 5:03research the matter small so that at least the day that I
- 5:07formally shook my mouth inside this debate, at least let me say
- 5:09something that is educated Abby. So that's what I'm doing here
- 5:14today. If you have a startup in
- 5:16Nigeria, should you go only should you be full time or can
- 5:20you say you have a startup and you are doing your startup part
- 5:24time? So you're working full time in
- 5:26Zenith Bank or you're working full time for OK Chuku and Sons.
- 5:30Then meanwhile, maybe on weekends or whenever you can
- 5:34sneak out to attend a meeting or something, they will now be
- 5:37building your startup. And you still want to build a
- 5:40global company of international repute that is going to be on
- 5:44London Stock Exchange, New York Stock Exchange, Niger Stock
- 5:47Exchange. You know, Bob, where every Stock
- 5:49Exchange? Is it actually possible?
- 5:53Now, Please remember, I'm a normal Nigerian.
- 5:58Yes, I have a law degree. I was a lawyer for a while,
- 6:01currently a business consultant, but research is not my
- 6:04specialty. So for those of you who like
- 6:09doing research, maybe you've worked in a media house before
- 6:12and you've been a production assistant and stuff like that
- 6:14and this is your aerial specialty.
- 6:16I beg reach out to me. Let's see if we can collaborate
- 6:18on one or two things because it would be nice if I can make some
- 6:23podcast episodes where we go deep, you know, deep research
- 6:27the thing and go deep and do proper research and give a
- 6:30definitive statement, you know, on, on some, some matters
- 6:35relating business and different kinds of sectors.
- 6:38So if you have that kind of expertise, reach out to me.
- 6:41You can call, send me a text message or a WhatsApp message on
- 6:4408064662140. And before you reach out, please
- 6:49also come up with a couple of topics that you think we can
- 6:52collaborate on and then release the Release a Monster podcast
- 6:56episode that when I drop it, you know, can drop all my full
- 6:59chest. I say this one is authoritative.
- 7:01Like we don't research and die. All right, so now back to this
- 7:05whole full time versus part time debate.
- 7:08So so excuse me. So this whole thing about full
- 7:12time, part time is a matter of there are two factors involved.
- 7:15Number one, risk mitigation #2 momentum.
- 7:19Now, risk mitigation is just the idea that, you know, this place
- 7:23where I'm that I'm going to is like, you know, not be 100%,
- 7:29like there's some risks that are involved.
- 7:31So that's the reason why people hang on to the job.
- 7:33So, you know, they will not lose, you understand.
- 7:37So if you're working with OK Chuku and Sons and OK Chuku and
- 7:40Sons is paying you salary, you know, 500K every month, the
- 7:43rationale you'll be thinking is not 500 K.
- 7:46You know, it is all one or two problems.
- 7:48If I say, Mr. Okachuku, I resigned, I start up around to
- 7:52where would the 500K come from? You know, the one that is
- 7:56maintaining your lifestyle, you know, house rent, you know, car,
- 8:00Internet, blah, blah, blah, stuff like that.
- 8:02So risk mitigation. That's one reason why some
- 8:04people say, you know what, let me hang on to this Zenith Bank
- 8:07job or let me hang on to this Okachuku and Sons, you know, job
- 8:11at least down the pay, the bills is keeping me in check, is
- 8:16keeping body and soul moving. So risk mitigation.
- 8:19That's the reason why people they do half, half.
- 8:22But then this is where me, I this is where me, I put my own
- 8:26head, this issue of momentum. See, yeah, we're trying to grow
- 8:31something that will be big like this, that will blow on a global
- 8:33stage. You need momentum.
- 8:36This thing needs to move. And you can't get something to
- 8:40move when you are half, half. You can't.
- 8:45Today you're working on this. Tomorrow you're working on
- 8:47something. Well, let's have meeting.
- 8:48This person is not available. This person has travelled.
- 8:51This person has. This person has that.
- 8:52OK, Then the meeting that we should have had on Monday, you
- 8:55will now shift it until Friday. You can see how one week, one
- 8:59week has gone by the time you tally up all these things.
- 9:02We could not meet on Monday. We moved it back to Friday.
- 9:05One week has passed by the time you start doing it for each
- 9:07individual member who is working full time but has to travel with
- 9:10PA. So he has to travel because his
- 9:12PA for chairman or has to do this because of this work
- 9:15commitment or do that. By the time you add it, time is
- 9:18moving. You are losing momentum.
- 9:21You're not going to build momentum on this.
- 9:23Your idea, all these people that you admire Zuckerberg and you
- 9:27know, mosque and the rest of the momentum quick, quick, quick,
- 9:30quick, quick, quick, quick focus, focus.
- 9:32That's how they get this thing moving or these half, half,
- 9:36half, half, half. Well, anyway, I'd also want to
- 9:39listen to this podcast and say, hey, I'm motivated.
- 9:41And then the one resigned their job.
- 9:43Then when they're suffering, do now say an establishing matter
- 9:45caused it. So please, I'm not saying resign
- 9:48your job. I'm not saying resign your job.
- 9:51OSHA. Those are the main tensions that
- 9:53are involved. People are trying to de risk you
- 9:56have a salary, it's keeping body and soul together.
- 9:58It's allowing you to pay for your children's school fees.
- 10:00OK, no problem. But I just know that sometimes
- 10:04you can be losing out on momentum.
- 10:06You're not being able to push your ideas.
- 10:10Well, you can't push your idea very, very well.
- 10:12Now, these are some of the reasons why being a full time,
- 10:18being in your startup full time, not as a part time hustle.
- 10:22These are some of the reasons why is preferred for you to be
- 10:27full time in the startup. Oh, by the way, like I said at
- 10:31the top of the show, yes, I did some research, but remember I'm
- 10:34not a research analyst. I'm not you know, research is
- 10:37not my strong suit. So just in case I say anything
- 10:40today and the thing no match up, I beg you guys should forgive me
- 10:46whenever I say anything that has to do with sales and personal
- 10:49selling. Forget nothing is gospel truth
- 10:52if I say it and it is sales related, sales related,
- 10:56especially personal selling, personal selling, it is gospel
- 11:00truth. Act on it no problem.
- 11:02I'm giving you a personal guarantee.
- 11:05However, when I start going beyond my area of core
- 11:09competence, you know you shall know me as I have mercy on me.
- 11:12You know nobody's perfect. So where was I?
- 11:16So these are some of the readings now reasons.
- 11:18So like I said, I spoke about momentum and, and momentum is
- 11:22tied into speed of iteration. Speed of iteration just means,
- 11:25you know, you're working on your startup, you've worked on the
- 11:27app, you've worked on this, but then you know, you launch a beta
- 11:30version and then you get feedback from the market.
- 11:33And so you're supposed test one or two things.
- 11:35Like one of the clients that I'm working with right now is web
- 11:37developer. They've developed their app that
- 11:41is targeted at Nigerians in the fashion space and we're able to
- 11:45get a couple of people to be part of the beta version.
- 11:48So they've, they've launched the, they've launched the beta
- 11:52version. A couple of people are coming in
- 11:54to test the app and the focus is to see, you know, how many
- 11:57people can we on board, What features do they use?
- 11:59How soon does anything break, you know, stuff like that.
- 12:03What do people like about the idea?
- 12:04What do people don't like about the idea?
- 12:06Then it's from there that we're going to, we'll know how we
- 12:10refine the offering before we now come up with a paid version.
- 12:15See, The thing is, if you work full time at Zenith Bank, your
- 12:19guy expects you to be on seat by 8:30 and your guy does not
- 12:24expect you to leave your seat before 4, at least officially.
- 12:30But you know, this is Niger. If you want to stand up by 4:30,
- 12:34your guy will be looking at you like, like young man, where are
- 12:36you going? We're here in the bank.
- 12:39You see all of us sitting down, me or guy, I'm sitting down.
- 12:41You want to close at 4:30 because of what?
- 12:44Even though your employment letter probably said 4:00.
- 12:47So if they have pegged you down on the seat 8:30 to 4:00, how
- 12:54you have time to be doing iteration?
- 12:57You launch the beta version, no problem, everything is working,
- 13:00no problem. But then the thing breaks.
- 13:02The customers are complaining. Where will you find time between
- 13:059:00 and then 8:30 and and 4:30 to plug up the problem?
- 13:13You know, fix the app and then just roll it out again.
- 13:16You can see that speed of iteration.
- 13:18It ain't on the sofa. Momentum.
- 13:20You don't lose momentum. So let's say in the beginning
- 13:23you're able to find 100 people who say oh boy, no problem now
- 13:26I'll help you test your idea. No problem, SAP is free, I'll be
- 13:29OK, no problem. Then 100 people jump on board.
- 13:33By the time K leg and common starts entering the situation
- 13:35like this, you're unable to plug up the problem, fix the app.
- 13:38Don't be surprised if week 1, you know, boys support you,
- 13:43everybody full ground, 100 people and then by Week 2, only
- 13:4720-30 people now remain. Don't be surprised because even
- 13:51themselves, they'll be like, what's the point?
- 13:54You know, they've hopped on, they've tried this app, they've
- 13:56used it, they've had feedback to reach you.
- 13:58You know the answer phone. The only time you're available
- 14:01is 10:00 at night. You know by which time you know
- 14:0410:00. People want to do other things
- 14:07with their life. You know, you're losing time,
- 14:10speed of iteration, losing serious time.
- 14:16So something that I tell my clients like they would have
- 14:20moved a whole lot faster if you know, but I understand, I
- 14:24understand there's something that has to be financed, other
- 14:27things, there's something that has to pay the bills.
- 14:28So I understand perfectly well. But just know that by doing
- 14:32these half, half something, you're losing out the speed of
- 14:35iterations because all kind of things happen.
- 14:38Bugs will crash your websites, crash your app.
- 14:42You know, a full time engineer can fix it back, back, back.
- 14:46People can come start complaining by let's say 6:00 AM
- 14:50in the morning. Engineer receives the reports,
- 14:52you know, quick, quick, quick. Maybe by 9:00 AM the guy don't
- 14:55fix some and then we're back on the road.
- 14:59Excuse me, unlike if it's you, even if people have been
- 15:03complaining since 6:00 AM, best you can do is you work on it
- 15:05from 6:00 to 7:30. But then you know, you gas bath
- 15:08and then report in the office. You can't continue with the
- 15:11coding again until you get home like around six.
- 15:14You know, you eat something and then you hop on the computer.
- 15:16And then for those of us biggest spouse, your wife will now be
- 15:19saying, look, you're spending more time with the computer
- 15:21instead of spending time with me.
- 15:23And I'm so Cory, go enter the picture.
- 15:25And then before you know it, even though customers have been
- 15:27complaining since 76 AM yesterday, won't be on till next
- 15:34tomorrow, 11:00 PM at night, they now fixes something.
- 15:40You're losing momentum or you're losing speed of iteration.
- 15:43Those are the reasons why your start up, you know, no, they
- 15:45move, you understand. Then there's also something
- 15:48called switching cost, context switching costs.
- 15:51Now this is something we're familiar with in sales and
- 15:55that's the reason why in sales we do batching, we batch our
- 16:00activities. So if now phone call we didn't
- 16:02make, we'll just pack all the phone calls straight, you
- 16:07understand? So like if you have 20 phone
- 16:09calls to make, instead of making five phone calls, now you stand
- 16:12up, you go for a meeting, go and do these one days.
- 16:14You come back like mentally, like how do I explain it?
- 16:19Like you suppose reset, like when you're on the phone call
- 16:23mindset, you are in the phone call mindset when you don't go
- 16:26for a customer meeting and you know, stuff like that.
- 16:28That mindset is a separate mindset to just come back from
- 16:31the field and then quickly switch back to the phone call or
- 16:34something. It, it takes time for most
- 16:38people. It takes time.
- 16:42You need deep focus, You need creative focus for certain kinds
- 16:45of things. So that's why salespeople, we
- 16:47just pack all these things together.
- 16:48OK, Oh, today I have 20 phone calls to make.
- 16:50No problem. I will sit down from 8:00 to
- 16:5312:00 and let me just bam, do all the phone calls.
- 16:56Then when I stand, I know that OK, no more phone call is to go
- 17:01and be visiting customers, you know, in the shop or, you know,
- 17:04in the store room or whatever. What shall we pack everything
- 17:09together then if we can? All the meetings that we need to
- 17:14take, You know, if you're going to meet Saudi on Lagos Island,
- 17:17let's say 8:00 in the morning, if you get other two or three
- 17:21prospects on the island that you think you can, if possible
- 17:25schedule the meeting. You know, maybe you see another
- 17:27person 12, see another person 4. You can run it like that.
- 17:31We just bum batch everything like that.
- 17:33One day is to avoid this whole thing of context switching.
- 17:38So startups, right? You guys are going to be doing
- 17:40lots of creative work, lots of sharp, sharp, sharp works.
- 17:44If you're splitting your brain into two, let's say you're
- 17:47working in Zenith Bank forex department and you're trying to
- 17:50be split in your head, maybe you know, OK, let's say you're
- 17:57disciplined about your lunch break.
- 18:00Although in Nigeria, to be honest, we don't have lunch
- 18:01break. You're supposed to have lunch
- 18:03break, but honestly, people don't have lunch break.
- 18:05Your lunch break can be 1:00. But if your GM calls you and say
- 18:08Daddy say yes Sir, say come into my office.
- 18:11Will you say, Sir, I'm on my lunch break.
- 18:16That's the joy of working in Niger.
- 18:18But and there was one thing that was a cultural shock for me when
- 18:21when I worked in the UK, like we Nigerians couldn't understand
- 18:25this whole lunch break thing. So it's time for lunch breaks.
- 18:28OK, sure, no problem. I'm feeling I want to work on
- 18:30this something. After a while, they had to call
- 18:31meeting up and they had to address us.
- 18:35Now look, you Nigerians who have not been taking a lunch break
- 18:38that you are required by law to take your lunch break.
- 18:41You say sure for you. You say yes, you must take your
- 18:44lunch break. It's OK, no problem.
- 18:46And that's how one time I was working and then lunchtime
- 18:49passed like 5 minutes. My line manager showed up in
- 18:51front of my desk. I said Tavashima, I said yes.
- 18:54I said, are you aware it's time for your lunch break?
- 18:56I said, oh really? Oh, just 5 minutes.
- 18:57Let me wrap this up. Set.
- 18:58No, no, no, no, Tavashima, you have to go for a lunch break.
- 19:01You have to go right now, right now.
- 19:03Come on, come on, Time for your lunch break.
- 19:06OK. And I told myself I like this
- 19:09country lunch break by force. But anyway, Niger, if your
- 19:16lineman says daddy, come here, you can't say Sir, I'm on lunch
- 19:19break. So assuming you're good and you
- 19:23take your lunch break, you've been doing your normal work and
- 19:26then quickly you want to now switch into CODA mode to bring
- 19:28out your laptop to start trying to solve problems.
- 19:32You know you will take a few. Well, even if it's 5 minutes, 3
- 19:35minutes, 10 minutes, you just settle down before you can get
- 19:37into coding. Coding focus, remember?
- 19:39OK, where am I? Where's the project?
- 19:42What's the bug? What's the problem?
- 19:44You know, all that waste of time that is content switching thing
- 19:48is slowing you down. Then there's also the matter of
- 19:51investor confidence. Now, venture capitalists,
- 19:54venture capitalists are people who give you this, this Koody,
- 19:59the ow, the money, the money that you need to get this thing
- 20:01going. So the people that will give you
- 20:05that money and I will invest in your company, a lot of these
- 20:07people. Are uncomfortable when they hear
- 20:10that you are doing part time, part time, they're much more
- 20:14comfortable when they hear that, OK, this your idea, you leave
- 20:17it, you breathe it, you sleep it.
- 20:20So investor confidence is like is one of those things.
- 20:24So if you're half in half and you're not able to tell the lie,
- 20:28well, you're not you're not able to lie convincingly and they can
- 20:31see through that. You have one leg here and one
- 20:34leg in another. You know, depending on the
- 20:36circumstance, that might be a problem for those of you who
- 20:38want to raise finance. And funny enough, because I'm
- 20:43not a cultural person, but it also has implications for the
- 20:46culture of a person. Whenever people talk culture, my
- 20:49honest instinct is say, come on, you short of what I say in
- 20:51culture, that, look, I beg, that's just BS.
- 20:53Let's stop talking all this culture, culture, culture,
- 20:55culture. But The thing is, I've come to
- 20:57accept that, you know, culture actually is a thing.
- 21:00The way that people behave within the company is a thing,
- 21:04you know, the attitudes that they have, the unwritten rules.
- 21:06And you know, I hate to admit it, but all those people who say
- 21:09culture, culture, culture, company culture, they actually
- 21:12are correct. There's a company culture.
- 21:14And when all of you in the company, like I said, it's one
- 21:20of my clients, about 8 of them, it's 9, but that's the company's
- 21:25one. They're all the people where
- 21:27they involved like 8 or 9, but everybody has side horseshoe.
- 21:31The main founder in fact is highly paid.
- 21:35In fact, sometimes I understand where the guy is coming from
- 21:38because the salary where the guy they collect as incorrect
- 21:42salary. You know that standard of living
- 21:44is high. I said no standard of living,
- 21:48cost of living is high in Niger and the guy is collecting good
- 21:52salary, very good salary. In fact, sometimes I look at him
- 21:55and I say, I suppose resign and you know, follow up on I enter
- 22:00this kind you get as in the money is good mad.
- 22:06So yeah, they found out that's how it is.
- 22:08He works full time for somebody else, another Nigerian
- 22:11billionaire and then he's now trying to get this business,
- 22:16this start up going on the side. So because everybody is half,
- 22:21half, half, half, I've noticed that there's no common, how will
- 22:28I put it? There's no common culture, no
- 22:32common culture at all. Like what's the workflow?
- 22:35What's the work habits like? There's no Veem, there's no
- 22:43move. There's no, there's no groove.
- 22:45Everybody's is part time. So when somebody can check in,
- 22:48they will check in. When somebody checks in and they
- 22:51need to check out, they will check out.
- 22:53We can't get a solid team going because everybody's all over the
- 22:56place. But of course, you know,
- 22:59people's livelihoods are involved.
- 23:01So, you know, I've said my own, but I can't go and say, look,
- 23:04all 8 of you go and resign because if they resign now,
- 23:06who's who's going to be paying school fees?
- 23:09Oh dear. Anyway, so people who say
- 23:11company culture, yeah, they actually are correct.
- 23:14When all of you are part time, part time, part time, your
- 23:17company culture is going to be all over the place, all over the
- 23:20place. Whether you guys are aggressive
- 23:23and all lean or whether it's a laid back company culture or
- 23:25whether it's a work life balance, company culture,
- 23:28something like it's going to be all over the place, all over the
- 23:31place. However, despite all these
- 23:35issues, because remember, I have told you people that my own
- 23:40personal opinion whenever I'm faced with people like this
- 23:42because I have a few clients who are in this situation.
- 23:44You're building a startup or you're working for somebody
- 23:47else. You're answering yes or somebody
- 23:49else. I decide now this is where I
- 23:51need you to be able to check me, to Fact Check me in case I say
- 23:53anything. And if you know correlate, you
- 23:56understand like it's not correct.
- 23:58So Fact Check me. I decided to go and check and
- 24:01see. Now, is it possible that there
- 24:04are founders who have built big companies, good companies,
- 24:09international companies, but they were working part time
- 24:12because, you know, since I'm not in the tech space, I just know
- 24:15the same old stories that you guys know.
- 24:16You know, I know Steve Jobs, you know who left?
- 24:18I think he left Atari to work on Apple.
- 24:21Then Zuckerberg, of course, Zuckerberg, you know, get no get
- 24:24job. But you know, he resigned.
- 24:26I say resigned. What do you do when you're in
- 24:28uni and you you drop out, Abby. So he dropped out or is it
- 24:31Harvard or wherever, Abby Sanford and wherever he dropped
- 24:35out from. So I just know the same old
- 24:37names that you guys know or people who resign company and
- 24:41then back went all in fire much throttle will be this thing.
- 24:46So those are all the people that I know the same old people.
- 24:49So I suddenly go and do research and see whether there are other
- 24:52people who successfully did you know part time, part time.
- 24:56You answer yes, Sir, And then on your spare time, you go and
- 24:59build your or your your startup. So please, like I said, I'm not
- 25:03a research specialist. So please, I beg anything that I
- 25:07say here with no checkout, nobody's perfect.
- 25:12And please let me know if I fumble on anything.
- 25:15So the episode where I was talking about Nigerian
- 25:20billionaires who inspired me and especially who invested in the
- 25:25Nigerian telecommunications space.
- 25:28I mixed up two of the of the billionaires.
- 25:31And I really appreciate the podcast listener who pointed it
- 25:34out because it gave me an opportunity to go back and to
- 25:36say, ah, guys, I beg the earlier podcast that I made where I
- 25:40quoted these two billionaires, you know, I fumble and I goof
- 25:44and this is where I goof. So if I goof on this one, I beg
- 25:47you should let me know so I can make a follow up.
- 25:50Basha. The main thing is I wanted to
- 25:53see other other people that are able to do part time, part time
- 25:55who did half and half. So for those of you who insist
- 25:57on doing half and half like this, my clients that is earning
- 26:00armed robber salary but wants to build a startup, you know,
- 26:04perhaps maybe you can find some inspiration in these people.
- 26:07So first is Craigslist, Craigslist Craig Newmark.
- 26:10So from what I found, Craig Newmark used to work as a
- 26:13programmer with Charles Schwab. I think they're an economic
- 26:16institution or so I need to research it in detail.
- 26:20Yes, this is the reason why I need a production assistant who
- 26:23is going to research all these things and give me all the
- 26:26facts. No, Excuse me.
- 26:29So Craigslist was a hobby for years before the guy went full
- 26:35time. And the reason why I was able to
- 26:36go full time is because his e-mail list that he started was
- 26:40able to get organic growth, massive organic growth.
- 26:46So that is one situation. But you can see that his own was
- 26:50e-mail lists. e-mail lists, you can maintain it on your own
- 26:53time. You can show up to work 8:30,
- 26:56you can work until six in the evening.
- 26:59Then you get home and then you eat something and then say, my
- 27:01dear, I beg, I want compose small.
- 27:05And then, you know, give yourself two hours.
- 27:09You get some work done and then by 9:00 you go and meet wifey,
- 27:12you know, Netflix and chill. You guys watch Netflix until 11.
- 27:17If you're lucky, something will happen from 11:00 to 12:00.
- 27:19Then you will now go and sleep and then you wake up and then
- 27:21you start the whole day. So yes, it is possible in this
- 27:25kind of whatever where the thing starts with e-mail lists first
- 27:29or newsletter first before moving into other things.
- 27:33So yeah, Craigslist, Craig Newmark, that's one.
- 27:35Then Groupon, if I remember correctly, I think Groupon,
- 27:39them, them, they used to these all these people that used to
- 27:42do. I think it was discounting.
- 27:48Yeah, I think it was discounts and vouchers and stuff like that
- 27:51'cause I heard about Groupon, but I didn't really see them.
- 27:55In fact, it's not a matter. I didn't really see them.
- 27:56I didn't see them in Niger. I didn't feel the effect in
- 27:59Niger. Yeah.
- 28:02So they, I think they used to sell discounts and stuff like
- 28:06that. And then plus, honestly
- 28:08speaking, I did detest discounting.
- 28:11So anytime I hear any business that is built around
- 28:13discounting, I don't even shook my idea, to be honest.
- 28:17So yeah. Anyway, so Andrew Mason, the
- 28:20founder was working on, OK, OK, at the time he was also working
- 28:25for a billionaire like this client of mine who's working for
- 28:28one of Nigeria's, one of Nigeria's billionaires then.
- 28:34OK, So for him too, it looks like the thing gained traction
- 28:37very quickly. So he was forced to now jump and
- 28:40work full time. But yeah, Andrew Mason was also
- 28:43working for another billionaire entrepreneur like this, my
- 28:47client. OK, so maybe if you're currently
- 28:50working with a Nigerian billionaire, maybe you don't
- 28:53have to resign your job for now. Maybe then Twitter.
- 28:58OK, so Twitter, of course, Jack Dorsey, everybody knows Jack
- 29:02Dorsey. But The thing is, Twitter
- 29:04initially was a side project within a bigger company called
- 29:07Audio Audio. That's ODEO.
- 29:09And then Audio was meant to be a podcasting company.
- 29:13So yeah, I'm familiar with that one because obviously I'm
- 29:16interested in podcast, so I'm familiar with that.
- 29:19Back story, I'm coming here at school first because I got some
- 29:23people. So Jack Dorsey was a full time
- 29:27in audio, the podcasting company, but not audio, not AUD,
- 29:32but ODEO. And then from there, that's when
- 29:35they started Twitter. That has now become X.
- 29:40Then GitHub, founders of GitHub, there's Chris One, Strath and
- 29:47then PJ Hyatt, Tom Preston Werner.
- 29:52OK. They were doing consulting work
- 29:53to pay the bills while they were building the version of the
- 29:57version of the things that would eventually become GitHub.
- 30:00So like me now, for instance, as I'm doing consulting work,
- 30:04especially when I get to that level where they charge
- 30:06millions, 1,000,000 millions, so I'm charging millions and
- 30:09millions. I can now on the side be now
- 30:11doing my own, my own startup, my own global company.
- 30:17So that's how GitHub them came into the space.
- 30:19Then there's Oculus VR Palmer luck lucky Palmer lucky to be
- 30:27honest for him, you know, not whole VR when people are talking
- 30:30VR, VR, yeah, just switch off my brain at that point.
- 30:33I'm like, look, you guys are going to sci-fi for a brother.
- 30:36So I just switch off my brain. So yeah, I heard about I heard
- 30:40about the project. Didn't hear about the dude.
- 30:42I think especially when did Facebook buy Oculus?
- 30:47I be Facebook. I think Facebook bought Oculus
- 30:50anyway. So these are the reasons why I
- 30:52need a research assistant. So yes, those are examples just
- 30:59to encourage you to motivate you in case you're doing half and
- 31:01half. So even though there are some
- 31:04boys like me who'll be telling you that guy, this is not
- 31:07working, you can always look on the Internet and say, if these
- 31:11people make it, so can I. So there's something that can
- 31:14motivate you. But this whole part time, part
- 31:18time thing, remember, for the people that have made it work,
- 31:22it looks like there's the, all I put is like a tipping point,
- 31:26like critical momentum, sort of like the thing seems to be
- 31:30growing organically on its own. And it's like, oh boy, you know
- 31:33what? This thing, people are already
- 31:35adopting this thing. It's time for me to resign and
- 31:37enter this thing full time and give this thing fire.
- 31:40So yeah, waiting for demand from customers or interest from
- 31:45customers or interest from investors to, you know, to pick
- 31:48up before, excuse me, before you resign.
- 31:52But then again, you know, there are lots of other Nigerian
- 31:55business content creators who talk about these things, you
- 31:58know, tech building start-ups, things like that.
- 32:00So please make sure you follow those people's podcasts so you
- 32:03can learn some more about this sort of thing.
- 32:05I'm just talking as a humble salesperson here.
- 32:10Then I decided to do small research about Niger to see what
- 32:15has the dynamics been in Niger. And again, this is where I ask
- 32:19for grace. Yeah, I ask for some forbearance
- 32:23in case of my research does not check out.
- 32:25If I make any mistake, please call me and let me know.
- 32:2808064662140 Call me, send me a text message, send me a WhatsApp
- 32:35message or please don't call me at 7:30 in the morning.
- 32:39Come on now. It's just just somehow today
- 32:42somebody was bossing me at 7:30 in the morning and then he
- 32:45wanted a meeting for eight. I'm like, dude, you know, I got
- 32:49kids now, let's be real here, give somebody notice.
- 32:52All right? What was that?
- 32:56So I decided to do some research about the Nigerian startup
- 33:00ecosystem just to see as per this whole full time, part time
- 33:04because you know, even we too in Niger, we have some big, big
- 33:07boys and big girls, you know, that have built global
- 33:10companies. So just to try and see how how
- 33:13did they do it. So for those of you who are in
- 33:15this place, in case I say something that is not correct,
- 33:17you know, I say something and I goof, please let me know.
- 33:23But from the little info that I was able to find, OK, Yeah.
- 33:28So I got some info on Shola Aquinade.
- 33:31So please forgive my pronunciation.
- 33:34You know, I'm not a Yoruba guy, although come to think of is
- 33:37like a lot of these people are Yoruba guys.
- 33:40You know what? I'm angry at the vex T boys.
- 33:43We need to start coming up with our startups.
- 33:45T boys, IBO boys, rise up. I bet we can't let Yoruba boys
- 33:49dominate the tech landscape because of what?
- 33:55So Shola Akinade, that's a pay stack.
- 33:59Then I got some stuff on Olubenga Abola.
- 34:03That's a flutter wave. OK, who else did I find some
- 34:10stuff on? Ezra Olubi.
- 34:13OK, that's pay stack Shola akin a day and Ezra Olubi then money
- 34:18points Tosi annual you tosi in New York Ronda now.
- 34:27Wow, that's a strong name. What does it mean Self Tosi in
- 34:30your la Ronda in the Yoruba people are big.
- 34:32No vex, no Vex. So yeah, I got some info on some
- 34:36of them. So it looks like that some
- 34:38people who decided to do a validation on phase part time.
- 34:43Now as you're working somewhere, but you want to validate the
- 34:45idea to make sure that the idea works.
- 34:47Now, can you people see for those of you who've been
- 34:49listening to my podcast for the first time, when I talk about
- 34:52starting a business in three easy steps and I say step one,
- 34:54figure out the idea and then I say Step 2, we have to validate
- 34:58the idea. Validating the idea just means
- 35:00is there any demand? Do people like this product or
- 35:03service? Are people asking for this
- 35:05thing? And I will people willing to pay
- 35:06for this thing, the amount they're willing to pay for, are
- 35:09they willing to pay for it enough that will sustain my life
- 35:12and I can also throw back into this business.
- 35:14That is the validation stage. So excuse me.
- 35:18So can you guys see now when I say stuff like that, I'm not
- 35:20just making stuff up. There are other people who do
- 35:23this too. So there's some Nigerian
- 35:26founders who that is what they did.
- 35:28You're working somewhere part time.
- 35:30So you're working somewhere full time.
- 35:32They are now using your part time time to now validate this
- 35:35idea. Is there something here?
- 35:36Is there something here? Then when you see that there's
- 35:39money here, you will now give your car resignation notice and
- 35:42then rush and then try and blow that thing up.
- 35:46So it looks like there are a couple of Nigerian founders who
- 35:49are at the habits of working at major, major institutions, you
- 35:53know like banks, tech firms or consulting firms and then they
- 35:56validate something. Then they now cut out.
- 36:00So for Pay Stack, Shola Aquilade and then Ezra Olubi, ABI Novix,
- 36:07if I'm getting the names wrong. So from what I found, they were
- 36:12developers already and they had worked on different other
- 36:18products before they perfected the code for the payment
- 36:23platform that would eventually become Pay Stack.
- 36:26So that's Shola and then Ezra Olubi.
- 36:29Then if you're curious, of course, we have the Internet.
- 36:33So, you know, go and do your own research or like I said, there
- 36:36are lots and lots and lots of Nigerian tech podcasts.
- 36:40Plenty, I've noticed plenty of Nigerian podcasts that are
- 36:45devoted to gist, to politics, to tech.
- 36:50But then when it comes to sales, like where are they?
- 36:54I've only found two anyway, sorry about that.
- 37:00Just recovering from my cold then.
- 37:02So that's pay stack then for money points the guy with the
- 37:06powerful name Tosi enyo la Runda.
- 37:10Tosi enyo la runda and then Felix Ek.
- 37:13Is that an IBO boy? I should have checked.
- 37:15Hope he's an IBO boy. We supposed to represent?
- 37:20Yeah, my wife is 1/2 IBO, so I consider myself IBO by
- 37:24association. So Tosi and Neil and then Felix
- 37:28Ek, they worked at Inter Switch. Inter Switch is like, and I put
- 37:35it what? What did they even do, Sir?
- 37:38Well, their payment platform, let me just put it this way.
- 37:40So if you've been transferring money from one bank to another
- 37:45bank processing payment, stuff like that, Inter Switch, they're
- 37:48the like the original OG company back in those days, I think
- 37:53shortly after military era, I think that's when I started
- 37:55hearing of Interswitch. So they've been in this whole
- 37:57payment thing for a long time. So it turns out, if I'm correct,
- 38:00that Tosin and Neola, Runda, Felix UK, they worked at
- 38:04Interswitch, you know, before they eventually switched to
- 38:07money point. In fact, this is something that
- 38:09Grant Cardone talks about how if you're working somewhere and
- 38:12then you want to cut out and do your own thing, you move into
- 38:15something adjacent. So can you see they are working
- 38:18and where Interswitch when they cut out and they decide to
- 38:21something to to start something on their own, What did they
- 38:23start up? They start money point, which is
- 38:26not too far, not too removed from where they're coming from
- 38:30because they now have some knowledge.
- 38:34They now have social capital. Let's say social capital.
- 38:39Now social capital is how will I explain it?
- 38:40Now social capital is this stuff you know, and the people you
- 38:45know very good, the stuff you know and the people you know.
- 38:48So if you leave a payment company like Interswitch, you've
- 38:52worked there for years, you have, you have gotten to know a
- 38:55lot of things about payment infrastructure in Nigeria, a lot
- 38:59of things about players in the financial sector, a lot of
- 39:03people involved in, you know. So when you switch and you
- 39:06decide to now move to your own company, you now set up your own
- 39:09money point. You can see that the social
- 39:11capital that you have built, the stuff you know and the people
- 39:15you know, it will help as you begin the migrate into this new
- 39:21thing. So there's something that
- 39:24grandpa don't used to talk about that because some people will
- 39:27decide, you know, you've been an architect all your life and then
- 39:31you want to do a startup and your startup is going to be
- 39:35around the baby food or something, you know, like from
- 39:38where to where, you know, then OK, then also some people who
- 39:45left full time. OK, no, I didn't get much
- 39:49information on people who left full time.
- 39:53Let's see. OK, I found no, no, no, sorry,
- 39:57research inconclusive. I didn't find people who left
- 40:01full time. But then I mean, it looks like
- 40:04in Nigeria we have a history of working through accelerators.
- 40:09That's accelerator giving people momentum.
- 40:12Now. An accelerator is what's an
- 40:15accelerator now. An accelerator is a body or a
- 40:20group that has been set up to try and figure out a few things.
- 40:24Number one, to figure out which ideas, which business ideas are
- 40:28viable, which business ideas are workable, and then #2 to provide
- 40:31the support and the and the enabling environment so that
- 40:37these, these businesses can thrive.
- 40:39Yes, let me just put it that way.
- 40:40Sorry, please, if my definitions are not 100% correct, you know,
- 40:45as usual, I've done small research and I'm doing a lot of
- 40:47these podcasts, you know, online.
- 40:49So please allow me to just define some things like that.
- 40:53So yeah, those are what accelerators are.
- 40:57So accelerators, incubators, lots of people use those things
- 41:01interchangeably. So at least I'm aware I first
- 41:06came across incubator ecosystems and stuff like that when when I
- 41:11was early in my early in my career as a photographer,
- 41:16because eventually I would start doing some stuff for the British
- 41:18Council. And the British Council used to
- 41:20do, OK, this, do some accelerator thing, accelerator
- 41:25week accelerator something. And at the time they used to use
- 41:29Ventures, Ventures Park. I think Ventures park in Abuja
- 41:34somewhere in is it Maitama? I busy three arm zone and it
- 41:39kind of Maitama kind of three arm zone.
- 41:41So Ventures Park and I think that was the first incubator
- 41:45that I came across and that was the whole point of Ventures
- 41:49Park. I don't know if they're still in
- 41:50existence right now, but that was the whole idea.
- 41:53So there was a Co working space there, they had consultants
- 41:57working there and that was the whole thing.
- 42:01Everybody shows up there. And the whole point is we're
- 42:04trying to figure out which business idea is going to work,
- 42:06how can we provide the support to make this thing work.
- 42:09And if I remember correctly, I think if any of the businesses
- 42:12succeeded, then the people behind Venture Spark would get
- 42:16to invest in the company and then take a cut or something
- 42:18like that. I can't remember, It's been a
- 42:19long time ago. But like I said, whenever I'm
- 42:23talking about anything that is outside my core competency,
- 42:27please go and verify. Don't crucify me.
- 42:31Verify, please. And then of course, I'd
- 42:33appreciate if anybody reaches out and says, look, this thing
- 42:35you said was not entirely correct, so I can make a
- 42:39rejoinder. So yes, we got accelerator
- 42:42things going on in Niger. Well, looks like the most
- 42:45Nigerian global startups. It looks like they have all
- 42:48passed through YC. That is Y Combinator.
- 42:51Now, Y Combinator, in fact, is even responsible for part of the
- 42:54reasons why I have this podcast, because when I first discovered
- 42:57podcasting by accident, I came across Startup School and then I
- 43:02listened and Startup School, it was, was a limited series
- 43:07something it was actually a collection of lectures by people
- 43:12in Y Combinator. I think somebody that handled
- 43:15growth marketing for Facebook even delivered one of those
- 43:18lectures. When I listen to it, I say, eh,
- 43:21there's stuff like this on the Internet.
- 43:24You don't mean it. Like I can go and listen to a
- 43:28podcast and if I want to learn about growth marketing, all I
- 43:32have to just subscribe to this thing and I'll be down.
- 43:36I'll be digesting lectures upon lectures on growth marketing on
- 43:40how to do a start up on how to do this, how to do that.
- 43:43This thing just blew my mind. But it's a limited series
- 43:47anyway. I think it's only maybe like
- 43:482020 something lectures. I can't remember.
- 43:51It's been a while. I should go and listen to it
- 43:53again. So because it's really been a
- 43:55long time. So that's when I first came
- 43:57across Y Combinator. So this Y Combinator, there's
- 44:01textiles. So it looks like a bunch of our
- 44:03people have passed through all those kinds of all kinds of
- 44:08things. I can't remember if the pay
- 44:10stack boys went through it. Sorry you I didn't do proper
- 44:14research. Just jotted a few things, you
- 44:16know, sharp, sharp. So I can just talk about this
- 44:20thing small. Oh dear, 45 minutes.
- 44:23OK, let me bring this thing to a close.
- 44:28But I did find some comments though.
- 44:29There's some people who say that because in Nigerian startup will
- 44:33require you to build your own infrastructure, you understand
- 44:37your own logistics, you will sort it yourself, your own
- 44:40power, your own Nepal, your own generator, you will sort it
- 44:42yourself as you have to sort everything for yourself.
- 44:46So I did hear, I did see some some opinions from people who
- 44:52said that because there's plenty of operational issue,
- 44:56operational K legs that you have to be all in that if you are
- 45:03doing this thing part time and you haven't raised money, you
- 45:06have not raised good money that you don't go make up.
- 45:11So yeah, there are some people who say that then let's see what
- 45:16else. Then there's also some people
- 45:19who said that, look, if you're going to build a startup in
- 45:22Niger that or a global company in Niger that you have to be in
- 45:25this thing full time. You can't be doing part part.
- 45:26You can't be doing half, half because of course global VCs
- 45:32because you know everybody that is raising money, dollars,
- 45:35dollars now dollars then there is.
- 45:38So you're getting money from outside to get these companies
- 45:41going. And so unfortunately the
- 45:45founders outside, they like to see people who are all in.
- 45:48They don't like to see people who are doing part time.
- 45:52They view it as a lack of confidence in the local market.
- 45:55Then there's some people also said that you guys to be full
- 45:58time because of regulatory issues, you have to get license
- 46:02from CBN, license from SEC, license from here, paperwork
- 46:05from here. And if you're doing part time,
- 46:07part time, you just can't follow up on some things.
- 46:09Unfortunately. Like I've told you guys, I'm in
- 46:12this situation right now with two clients in particular and
- 46:15honestly, these things happen. OK, let's have a meeting on
- 46:18Friday. No problem.
- 46:19We all agree. So what happened now?
- 46:22We agreed on Friday Chukwudi had to travel because chairman is
- 46:26going to Dubai. So you know, we can't have the
- 46:28meeting. You know, we can't have the
- 46:29meeting, we can't have the meeting.
- 46:30So these things happened. So you have to go here, go
- 46:34there, this paperwork, that paperwork.
- 46:36So some people say you guys be full in you have to be available
- 46:41for meetings on short notice. And then I also heard from,
- 46:45well, read rather online for some people who say that you
- 46:49also have to be full time because if you want to tempt a
- 46:53Nigerian engineer to come and work on your projects and the
- 46:56guy is already used to working remote, getting good money from
- 47:02other people is receiving money in dollars.
- 47:04You don't want him to come and work on your own startup.
- 47:07Meanwhile, you you're you're not even here fully.
- 47:11Yeah. That, you know, like it affects
- 47:13their motivation. And then plus you won't even be
- 47:15around to support them to make sure they're doing a good job
- 47:18then OK. I did find something about
- 47:22serial founders or serial chairmans and the guide was
- 47:25mentioned is Inolua. Sorry I'm butchering his name.
- 47:31Yoruba people Novix Inolua Aboyeji I think associated with
- 47:37flutter wave, future Africa and Teller.
- 47:39So, but like in his own case, some people say like how Labu
- 47:46did OK, so flutter wave, definitely that's his thing.
- 47:54But even though he's the CEO, you can't really say that he's
- 47:58involved every single day. So it is that kind of thing that
- 48:04will allow him time to now start putting his his hand into other
- 48:09things here and there. And then he ends up being, you
- 48:13know, like the serial founder, you know, he's German of Abyss,
- 48:17the CEO Abyss, the chairman. Anyway, he's the head of flutter
- 48:19wave. And then he's the head of this
- 48:21company. And then he's the head of that
- 48:22company. And then on and on and on and on
- 48:24and on. Butcher I just wanted to say
- 48:27something about it because as I've been going on in this
- 48:30consulting practices, something that has been coming up, this
- 48:34whole thing of I'm starting a startup.
- 48:37We need you to do this work for us.
- 48:39You need you need, we need you to consult for us on this on
- 48:42that. Help us set up our selling.
- 48:44I'll go to market motions and this and this and that and that.
- 48:47But then at the end of the day, I'm like, you know, guys like
- 48:50seriously, are we doing this thing or are we not?
- 48:53Because you guys are kind of half, kind of half here and kind
- 48:58of half not. And this thing is not going to
- 49:00work. In fact, for somebody that I was
- 49:04talking to December into January, I had to tell them
- 49:08wholeheartedly like, look, dude, you know what, if you give me
- 49:11money, I'll take it. But to be honest, you currently
- 49:14work as a salesman for this particular company, then you
- 49:19have your side hustle doing this sort of thing, and now you are
- 49:24promising your friend that two of you will enter this thing on
- 49:27founder founder level and you'll be in charge of sales.
- 49:29I have to tell him outright. Look, dude, can you handle this
- 49:33thing You guys say yes, you guys say OK, no problem.
- 49:36I said no problem. OK, go and discuss with your go
- 49:40and discuss your Co founder, go and discuss with your partner.
- 49:42Aren't you able to discuss on these and these and these and
- 49:44these issues? And then let's get back and
- 49:46let's have a conversation about it before going forward.
- 49:50After that I didn't hear them again.
- 49:52So I don't know if the whole thing is scattered or maybe if
- 49:54the guy was able to rise up the OK, all this is grand plans
- 49:58about how they're going to build a Unicorn and this and this and
- 50:00that and that. You know, it's not going to
- 50:02work. But for him particularly, I just
- 50:04want him to pick a lane. You're either a salesman for
- 50:07this company or you're involved in these your side hustles or
- 50:13you're going to be a Co founder who's responsible for setting up
- 50:17the selling framework. But you can do all three.
- 50:23So I just want to make a podcast just to touch on all these
- 50:27tensions since I'm running into lots of people who are dealing
- 50:31with these sorts of things. But to be honest, there, I
- 50:34understand perfectly well you're receiving and rubber salary,
- 50:38you're receiving good money, but you don't want to be boy boy
- 50:42forever. I understand it's it's somehow
- 50:45and to be honest, sometimes I wonder how I don't know if I can
- 50:49live that way. Like today I'm here in Abuja,
- 50:53but then maybe next tomorrow, Chairman says he's travelling,
- 50:56therefore I guess to book a ticket and then we just take off
- 50:59like that. And you know, in my own case
- 51:01where I want car family, you know, my wife does drive, know
- 51:03who does all the driving? And I just wonder how will that
- 51:06work? But you know, my wife laughs
- 51:07about it and my wife says, look, so long as it's I'm robust
- 51:10salary, I'm collecting salary, millions and millions that will
- 51:12make it work. Oh well, anyway, let me wrap it
- 51:19up. So my own personal inclination,
- 51:22if you reach out to me honestly speaking, I'll try to tell you
- 51:25that look, we need to pick a lane.
- 51:27You're either in or you're not. If you're in, we're going to be
- 51:30able to gain momentum. But yes, it's going to be risky
- 51:33because you know, you got bills that need to be paid in the
- 51:37meantime. So whatever it is you want to
- 51:42build, you know, sure, no problem.
- 51:44Just be clear and just be honest with yourself.
- 51:47You're trying to build a lifestyle business.
- 51:49Oh, it's all good. Build a lifestyle business.
- 51:51If you want to build a Unicorn, global startup, something,
- 51:55something. So it's all good.
- 51:57Just be honest. That's what you're trying to do
- 51:59and realize the level of work that is supposed to go.
- 52:02If you're trying to build some small part time something here
- 52:05that is picking up the bills, it's it's all good.
- 52:07Whatever it is you want to build, it's perfectly fine.
- 52:09Just be honest with yourself on what you're trying to build and
- 52:12be honest about the level of work, the level of commitment
- 52:15that is going to be required to take you there.
- 52:19Basha, I said even though I have a prejudice towards somebody
- 52:25being full time in, what is they're going to do?
- 52:27I say shall let me do some small research just to let you guys
- 52:32know officially let you guys know properly the reasons why if
- 52:36you're going to be all in, full in on your startup, why you
- 52:39should be all in and full in. And then to be objective.
- 52:43I also showed you examples of companies where the founders
- 52:46were doing part time and still made it work.
- 52:49And then also showed you examples about Nigerian
- 52:53companies where what they did was they stylishly validated the
- 52:57idea first before resigning. So you're working at inter
- 53:01switch like those boys are. And then you know, like, will
- 53:04this thing work? Will this thing work?
- 53:05You push on small, small, you push on small, small.
- 53:07And this thing is working. They now resign and they now
- 53:10move. But of course, like I said, if
- 53:12you want the fuller picture, there are lots of Nigerian tech
- 53:14podcasts about these sorts of things.
- 53:16I think I haven't used to subscribe to Tech Point Africa.
- 53:19I haven't seen any updates from them in a while, but Shah them
- 53:23plenty. Subscribe to all the tech
- 53:25podcasts you can find about Nigeria.
- 53:27There are definitely more podcasts around tech in Niger
- 53:31than around sales and marketing. So if you're interested in this
- 53:35sort of space, then reach out. Subscribe.
- 53:39OK, yeah, there's Founders Connect.
- 53:41I can't remember this lady's name.
- 53:43This lady. We get dreadlocks.
- 53:45Fine, babe. Don't tell my wife I said that,
- 53:48by the way. I think, yeah, I think it's
- 53:51called Founders Connect. I think there's also one of the
- 53:53podcasts in the tech ecosystem, but that one is an interview
- 53:56show. So it's not her just talking,
- 53:59you know, into the microphone for minutes on.
- 54:00And like me, she's typically involving other people who have
- 54:03been involved in tech in Nigeria and then, you know, maybe like
- 54:08Nigerians in the UK, Nigerians in in America.
- 54:10So it's a nice podcast to listen to.
- 54:12So just listen now. Open your eye, you know, see
- 54:14what's going on in other parts of the world.
- 54:16So that's it. That's all for today.
- 54:17Sorry for a Warner episode. I haven't done this in a long
- 54:20time, but thanks for your time and attention.
- 54:22Remember, if you'd love to connect with me, you can call
- 54:25me, send me a text message or a WhatsApp message on 08064662140.
- 54:34You're trying to set up a tech company, set up a whatever you
- 54:39need some advice about your go to market motions.
- 54:41You're trying to figure out how you guys are going to sell the
- 54:45best way to validate your MVP, your minimum viable product, you
- 54:50know, your whatever. Reach out, let's have a chat.
- 54:53If you think I sound expensive, don't worry, don't be scared.
- 54:56I'm also OK with talking to people for free.
- 55:00Just let me know that you're looking for free consultations
- 55:03and then I will answer one question only.
- 55:06So think really hard and really fast about what your question is
- 55:10going to be. But then if we have to go in
- 55:13depth to start stretching out frameworks, diagnosing problems,
- 55:20building standard operating procedures, you know, things
- 55:22like that, you have to cough up some money.
- 55:25But don't worry, I'm not as expensive as I sound.
- 55:28I'm actually quite reasonably priced.
- 55:30So yeah, reach out 08064662140. Thank you very much for your
- 55:37time and attention. I'll catch you all some other
- 55:39time.