 Welcome back now. My guest, Christopher Irene Imomorlen, is the Ado of Abachi, an educationist, a university professor, a serial entrepreneur, a business mogul, and a Nigerian politician. He is the founder of the joint professional training and support international limited JPTS and Genique Foundation, a non-profit, non-governmental organization. It's really hard to chart with him on coping with inflation as Nigerians have taken to gigs and entrepreneurship. Take a look. Yes, it's a major way to go. It is a major way to go. Like we always say governments still have their way to play, creating an enabling environment. Yes, it's not just about loon-loon, creating an enabling environment. Once an enabling environment is created, people can easily implement their thoughts. Entrepreneurship is about having an idea to solve a problem and generate wealth through solving problems, providing services for people. I want you to begin to look at entrepreneurship, not just as wanting to be your own boss alone, because we need to, I've seen a lot of young people who are more entitled to driven than profit driven. When I started my company, it took me so much time before I could even indicate that I was the CEO of the company. Because I felt that I was too young and people might not believe that I do such a thing. So when I talk to people, I tell them, I'm a star. Even in my own company. So they believe me, oh yes, okay. It means that there's a big boss somewhere. I was the boss. So you see, young people of 21 already put a CEO. So it's for them and they're not making any money. So we told them it's so, a company should be looking at profit. They should know profit oriented than just a time when you become the CEO of your company. So you want to solve a problem and we are in a country that has numerous problems. So it's actually an opportunity for Nigerian YouTube to know entrepreneur now. Their problem with power, their problem with... Just thinking about the easiest way to do what we currently do, it's creating opportunity for yourself and now making sure that what you do is being popularized by so many people. The place of plenty. They will talk about Facebook, they will talk about this. It's just about having more subscribers. And one of the good things that happened to us in this generation is the advent of social media. Social media has now made it very easy. When we talk about musicians like Oye Kanwe, you begin to wonder how those people were able to market their products in those days when there was no social media. Now you talk about Rema, you talk about this kid. I don't think any of us have their CD. But everybody has their song. So you can see if you need to release a song today, how was the business obeyed? How were they able to do it those days? How were they able to do it those days? But now, somebody will release a song in one minute and it's everywhere. So the AI technology, robotics and the rest of them is really making entrepreneurship easy. It's a necessary development. You know why? Entrepreneurs of today must know that things are hard. One, you see that you increase your life very well so that those tasks you have are well paid. Or you give them a way to enable them also to have site gigs. You must. If you don't do that, believe me, you will have to have stealing from what they are doing. One of the major reason why there is high level of theft, for example, my disability, at what place today? People are trying to survive. So they are tempted, even the Bible says that I will not allow a saint to go through trials too long so that he will not put his hand in the equity. You can see. So if you have a saint, even in your company today, and it's any $100,000, $50,000, $40,000, and it's not even enough to pay transport, and you don't give him that room, and you don't worry from ends for that. I want you guys to close your phone. So that you can have time to do what you want to do. Deliberately credit for them. If you don't do that, they will start picking from your organization. So it's a necessary development that must be encouraged by even bosses now. Yes, you must encourage them. We now see people who want to work remotely. Yes, if you know that some of your staff don't ask me to come to the office, you can stay pay them. Allow them. See, things are changing, and we need to change with the change. If you don't, your business will die. And so for staff also, it's also a good time for them to do a lot of jobs out there. Locate all those websites where you can work. Get those skills needed. A lot of companies, there are websites like Viva, a lot of them that you can pick up a tax, get paid in dollars. There's many things. So get to learn those skills. Let me tell you something deep. Many of the business you see do what you did. Actually stumbled into what? Open a way for them. They were not initial. They never knew. I'm telling you. Many stumbled, and a lot of them are still doing the same thing. They find it difficult to do something else. When they dabble into some other business, they run into loss. Some might be lucky. That tells you that, even those who are interpreting and making it, also could have that notion until some just started working. They don't start it until you don't know if you're working. So those who have the opinion that I don't think I am. They are wrong. The reason is because they have not. They might fail in one or two or three things. They should keep doing it. Tomo said the same deed. As I had over 1,000 experiments, it's what you like, though. Said it was the 1,000 or more. At 900, he would have said, this is not my calling. I am a give-up. Every failed experiment leads is a step towards success. They need to know that. They need to change that mindset. Yes, I have tried it before a give-up. That doesn't mean that I am not. See, what is even a third-lenorship? Even that boss who thinks he's a boss is working for somebody. Even if we talk about the TV station, even the boss is working for... We all need to work for somebody at the time, even in our business that we call ourselves a boss. That is it. So even the position you sit and say you're a collector, you're already... We're even a boss in that place. You don't know. We are serving a cause. So we can all do something. We need to change that mindset. We need to change it. What you need to do is keep engaging yourself in different things, no matter how much you fail. Keep trying. One day you will get it done. And somebody said it's difficult for them to learn that skills. It's also a wrong notion. See, anything you need to learn that will bring success your way, you just have to learn it. If... Do you know there was a time opening a Facebook account was very complicated. To open a Google was complicated to many people. But you need to deliberately look at it. And suddenly it becomes easy for you. So let us have an open mind. There's nothing too complicated. Every complicated system has a unit. Once you understand the unit, you put the unit together, you know the system. So we just need to know it. There's a thin line between wanting to do what you're currently doing. For example, we see a lot of people who work. I have staff, for example. Some of them are here listening. So since there are buses, we should go and work them. They want to go and do the same thing they are doing here. To sabotage what they are doing here. Even if you're going to do something, it must not be something that will defy the contract you have with what you have. For example, you might be working in media and you're a public speaker. That doesn't stop you from speaking. And they can see there's a... But it's not like, oh, you want to... That must be well defined. Then number two, the role of capacity development is key. And how can we develop our capacity? It's an inherent talent we have developing it. For example, we want to say that there's no talent. You must brush up that, which you have. When talent don't work hard, hard works win. You get someone who works hard can be more successful than someone who's talented and never worked hard too. So working hard to do that talent, it's what matters. But the first is to realize your talent. There's many people who don't even know what they have. I've met a lot of young people out there. I ask them, what is your gift? What area? Where is your strength? They say they don't know. Many. I tell them, you don't even know. Everybody's just doing what everybody's doing. I want to do TikTok because you must have these things. Some people would work for them like that. But first, you need to know what you have. I got to know that I had this strength in marketing because I was serving as a fellowship leader in my university days. I was public secretary. And when I got that room, I said, well, I can market. I can say anything. So I had to build that strength. I haven't discovered that. You discover your strength through volunteering, through active. They just keep doing things. Anyway, you find yourself trying to take a lead. When you do that, you know where you are weak and where you are strong. You cannot discover yourself when you are not participating in a thing. And they say, please, it's so sad. That's when you don't know how to do anything. They say, there's a time you must sacrifice. There's a time you get reward. You must know those things. So when you're able to know, you must have multiple talents. Speaking, you must have talent. And sometimes, after a necessity, it can even make you develop that skills. Yes, we've seen people go to public speaking schools. Nothing is wrong from you having a coach. You want to become like a pastor, like this pastor. And we're all under that coach. It's a pity that we live in a country where pastors now become coaches, even business coaches. Pastors are spiritual leaders. They are not lawyers. They cannot advise you on legal cases. Pastors cannot advise you on business, except they have business, business coaches. In foreign countries, you have people who pay so much to have a coach. When you have a coach, the coach teaches you to develop. So you don't make so much mistakes, you don't succeed. You get. So you can also improve to have a coach. Look at somebody that has met it. Sincerely serve that person. Take that. I'm not talking about a mentor. A mentor is a mentor of my coach. A mentor is somebody you look on to, but there's no time to teach you. But a coach is somebody who will tell you this, this, and you must be ready to learn. People are now Amazon affiliate marketers. People are making so much money from affiliate marketing. You get. It's a big one. Number two, it's becoming a travel consultant. We now have a lot of Nigerians who want to travel to study abroad to travel to Canada. Yes, traveling consultant doesn't mean that you are the one present in Visa. They are legal travel consultant. Who will give advice and make money from getting admission from a student abroad is huge because it's a big one also. Affiliate is one. Another, telecommunication. We have a lot of a lot of businesses in telecommunication industries. You see a lot of people who do POS. Recently, I sent 100 POS to someone in San Francisco. And the guys I said, I sent 100 POS through a particular man. I said, give it to them. Each person of these women will make about 3,000, 4,000 per day. Imagine if they are even admitted to him. Maybe half of it. Imagine what you're making times, 100 times. Businesses are there that are needed on daily basis. We talk about exportation. We have Nigerians in London, in the U.K., in the U.S. that needs our food. We can also study the business of exportation. We have studied minerals. We are now getting more and large with the gold and we have in Zafara. Gold's are in Abuja. Gold's are in Oshun. We have Columbak. We have I can't you also just pick it back as I'm going to a location. We have Chinese that are looking for this opportunity. We have the food businesses, the farm to the market. It's not being regulated. You see, a yam is sold in Benrey for 20 million. That's a yam get to Potacot or any other city and it's sold at 105. I can't you go inside the bush. See, there's a problem that says you have to buy land at cheap price. Go to local owners and say, give me this land I'll pay you back when I sell it. I'm not going to buy people believe that if we are in a country we believe in inheritance and must buy land not because they don't have something. People they were there was to go to people and I said I figured maybe they say we have not made it. See, what do you have that makes you feel that at least you've achieved. One of the things you mentioned is land. So there's numerous things that one can do restaurant business is key. You know, like you say online sales online we have who who supplies food here and there there are so many so many create schools is good business you can start creating your house people are doing it now like you have you have a flat and you have just one where you say there's nothing wrong you can use to buy chairs and you can start having 6-10 children there there's nothing too small to start with when you start you understand it better from there you move to the next level there are businesses that can work for them schooling people must go to school people must eat every day you see these two business health also and health as well to rehabilitate so there's so many things I would not have been able to go into car sales business now because many businesses who are people are now nobody is using their car they repair their local car upgrade is what they are doing now there are so many things that can be done once it's called your talent you can market your talent monetize your talent and stop value your talent too if you're not a gay musician you don't need to start singing in here everywhere don't make it cheap the people before you hear you sing scarcity brings brings value when something is not scarce there's no value so when you have this talent makes it scarce don't make it cheap yes so that's part of the ways to monetize your talent I'm going to talk as a local man here I'm not going to say things that are very theoretical that is not realistic yes people who say we go go for banks they get loan using loan app I don't really advise anybody to start a business with such finances for me I'm a person of principle to be said I have never collected loan to run my business never in my life I believe that well it could get to live where my little just to improve for me but to start well it might work for people but the best form of capital is reputation when you have reputation as a person people trust you people will be ready to deliver to you and allow you to pay later I'm telling you there are many people doing business because capital money is what you need to buy something from somebody I'm telling you there are people that let me give an example during that this unemployment I'm talking about there are not really paid people from the East they don't understand what's going on in employment because they have a system that works and what's got a apprenticeship system except those that go to school that's what they do but the local system in the East the Igbo people they serve them if you go to them and talk about unemployment they don't understand unemployment their unemployment is that they don't have an uncle that will take them to serve them for 10 years and sell to them that's the system except those that have gone to school that are now waiting for what I'm talking about so that's what we trust somebody met me and said I want to start selling water please give me 5 million I said sit down walk to that woman tell that woman give me one packet I will come back with your money if people can trust you they will deliver their product to you that's what I mean by Igbo many Igbo's who are sewage today got the trust of Chinese people those days and they were able to send them content so many of them did not have one nera even the flight money to travel to China so many billionaires today they started a business with that and they have money and before you can end that trust you must be able to speak confident to the person who is going to deliver that to you to make you know that you are somebody that can multiply and all of us who are the people we need people to trust the biggest challenge at a particular level of business trust when you find people you can trust you will deliver that worth to them yes that is very key so once you can develop trust trust by itself is the currency because we don't become great by who we know it is by what people know us of it is not who we know it is who knows you what they know you to be and they will not be who they are yes they are not people they are it is who you know it is who knows you and who knows you means what do they know of you so that is very key that is the most important thing it is in that way family members can live now believe in your dream that is the family members because the best form of capital supporting is when you go to good and knows you before they want to do this if they know you as they they will give you something they want you to employ a driver I said go and bring a guarantee nobody can guarantee nobody so I want us to employ you say I have done so much but nobody want to stand for me then you cannot employ you first is capital you need the self trust work on yourself if you have someone that not be too straightforward to people before try to change your attitude if you want to go to business believe me you cannot make it far if you are not a straightforward person you say you want to go into a business that is not straightforward if you want to go into a genuine business to make it and have the trust of your customer to do what you do you must work on your attitude be a good person let people know you for what you have be trustworthy let your word be your word then after that family members don't know what is key I don't want you to go into when you take a loan it is when they say come on me today and you stress you out you cannot pay back you will be frustrated but when family members support you and it is not known okay somebody might say I need 500,000 I get 100,000 and he gets 100,000 I say why and if you have 5 people like me give you 500,000 you don't need to love 100,000 true so when you are angry I give you 100,000 so talk to all 4 people that I trust you then you will face that business without me doing that I need to pay back every week because sometimes you may need up to 6 months just some period before you start making profit and imagine I have collected loan I need to pay him back that same month it will even kill the business so the first thing our advice is self-trust we need to develop that the second thing family members once you develop that self-trust you will see money come people are ready and you must have confidence to defend whatever idea you have yes you must have confidence you must not start looking at different forms of partnership in Africa we hate collaboration we are the rival that I said that collaboration yes but really don't forget about people using you so you go have ideas I say people have ideas and they say I don't want to share my idea you steal my idea there is no new idea that idea if I go good somebody has done the idea you open if you are starting an idea someone wants to invest into your business be open don't be greedy even if they say I will get 30% I will get 30% just beg it's basically big deal don't worry there are ways you hate people that are not sure that you are greedy give that person to be good then fund it and run it but first like I said trust is the biggest for my clients alright thank you so much Saafo