Upload
others
View
9
Download
0
Embed Size (px)
Citation preview
The Entrepreneur as a
nation builder By
Sir Demola Aladekomo
Paper presented at the
2nd Annual Oladele Olashore Memorial Lecture at
Joseph Ayo Babalola University,
Ikeji – Arakeji
State of Osun
14-Nov-14
2
The Entrepreneur As a Nation Builder
Paper presented by
Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
Protocols and Recognitions
14-Nov-14
The Entrepreneur As a Nation Builder
Paper presented by
Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
3
Highlights
1. What is an enterprise ?
2. Who is an Entrepreneur?
3. The Entrepreneur, my Point of View
4. Chams PLC Enterprise Trajectory
5. Chams Entrepreneurial Roles and contribution as a case study of
impact of entrepreneurs in National development
14-Nov-14
4
The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
Highlights
6. The massive opportunity called Nigeria
7. Myths about Entrepreneurship
8. Tips for a successful Enterprise
9. Role of entrepreneurs in nation building
10. Chams has contributed to nation building
14-Nov-14
5
The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
What is an Enterprise ?
“An undertaking, especially one of some scope, complication and risk.
Effort made by people to achieve something new
A purposeful or industrious undertaking(especially one that requires effort or
boldness
An organisation created for business ventures
Readiness to embark on bold new venture
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
6
Who is an Entrepreneur ?
An individual who, rather than
working as an employee, runs a
small business and assumes all
the risk and reward of a given
business venture…, a business
leader and innovator of new
ideas and business processes.”
- www.investopedia.com
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
7
“the entrepreneur always
searches for change,
responds to it and exploits it
as an opportunity.”
- Peter Drucker, Cerebral Analyst
of Business Management .
“an entrepreneur is someone
who mixes passion, innovation,
and drive to turn a vision into a
working business”
- Jeet Banerjee – Tech Entrepreneur,
Founder of Statfuse.com
Terms to Note: Small, Risk, ideas, Business, Innovation, Passion , Vision, Persistence, Need
Who is an Entrepreneur ?
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
8
”Someone who envisions, creates and
evangelizes an idea that they are
absolutely crazy about. That idea makes
it easier for them to get up in the
morning, work ridiculous hours and keep
their brain buzzing. The entrepreneur can
work alone, within a company, or in a
group, but he/she gets itchy at the
thought of working a 9-5 hour job and
following the orders of anyone who isn’t
efficient and imaginative.”
- Manoush Zomordi , author, media consultant
”a person that orchestrates
through their own personal
gumption, initiative and
resources with a degree of
insanity, collectively towards
an effort to turn a business
concept into a business
reality”
- Luke Kupersmith Owner of Source
Consulting
”an innovative, risk taking individual
who identifies a need in a market and
finds a way to fill it, whether by using
his or her own expertise and passion,
the knowledge of others or a
combination of the three… someone
who sees an opportunity and invests
in it in order to turn a profit or provide
a solution to some larger issue in the
world”
- Andrew Schrage, Owner,
MoneyCrashers.com
Terms to Note: Initiative , Gumption, Imaginative, Expertise, opportunity , invest, profit , solution
An Entrepreneur, my point of view
The person that passes more times than he or she fails in an enterprise.
The common entrepreneurial denominator;
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
9
• Passion
• Drive
• Creativity
• Doggedness
• Vision
• Risk-taking
• Daringness
• Imagination
• Service to humanity
• Failure
• Success
• Faith
My Entrepreneurial Journey
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
10
Set up
Chams
Nigeria
Limited
1985
MBA(Distinc
tion)
University of
Lagos
1983-1984
Novel
Poultry
Eggs
Distribution
1982-1985
Taxi Cab
Operation
1976 -1985
Federal
school of
Arts and
Science
1976-1978
Sports
Promotion
1974-1976
Photography
Coconut
candy
production &
marketing
1966-1972
Pioneered PC Maintenance
11
Chams Enterprise Trajectory
Pioneered e-payment
20 year Old start Up/ National ID
project
Pioneered and Achieved Successful
Identity/ Smart Card issuance
Commenced Researching Card
Technology
Pioneered Networking
2013
2006
1987
1996
1985
1992
1998
2005
Diversification, expansion for
shared risk
Focus – Identity management
and transaction systems
Chams PLC Landmarks
14-Nov-14
12
• Set up the biggest ID Card personalization plant in the world in Abuja, Nigeria
• Produced the first successful National ID card and 70 million voters ID card for INEC in
90 days
• Guinness world record for setting up ChamsCity
• CBN Licenses - Mobile payment, ATMs, Prepaid Card, POS and Payment switching
• Executed the NCC Sim - card registration
• Executed major State ID and identity based transaction projects
• Private sector identity management projects
• Bank verification project
• Concessionaire on National ID project
The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
Chams Envisioned Future
A company of Nigerian origin,
we will be extremely influential and highly
visible in global technology;
Our trusted cutting edge technology will
enhance the quality of life in a manner that
glorifies God.
We would be employer of first choice.
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
13
Chams Entrepreneurial Roles and contribution
Employment
- 144 full time employees;
- 240 contract staff employed
on project basis
- Successful Chams Alumni
New Products
- Pioneered new technologies
Chams and Nigerian Economy
- State ID related projects - Osun,
Ogun, Plateau, Anambra
- INEC Voter’s card project
-
Chams and the Human mind,
Socio Political Development
- Chams theatre series
- Translation of Legacy literature
works from – Yoruba to English
by Prof. Wole Soyinka
- Volunteer Corp: Education
Development
14-Nov-14
The Entrepreneur As a Nation Builder. Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
14
Could Chams have done better ? Yes!
Key drivers that would have aided a better output include:
Basic Science and Technology Training – Development of pool of resources
Increasing Knowledge base of 174.5m Nigerians
Clear operational, legal and regulatory structure
Basic Physical and technology Infrastructure
Strong and supportive financial system
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
15
Quick Facts on Nigeria
Our Population - YOUTHXPLOSION!
Our GDP – Largest In Africa
Top 20global economy /Destination for FDI
Growing trade indices in key areas – Agriculture, Oil,
gas, Art, Manufacturing
, Infrastructure
Key Success Reference Points
- MTN
- Shoprite
- Multinationals now courting Nigeria
- Aliko Dangote
- Mrs Alakija (make hays whilst the sun shines)
16 The Massive Opportunity called Nigeria
Myths About Entrepreneurship
Entrepreneurs are born, not made
Anyone can start a business. Its just luck & guts
Entrepreneurs are Gamblers
Entrepreneurs want to run the show themselves
Entrepreneurs are their own bosses and are
completely independent
Entrepreneurs work harder and longer than
corporate managers do
Entrepreneurs face greater stress and more
pressures, pay higher personal price
Starting a business is risky
Money is the most important ingredient for success
New business start ups are for the young energetic
Entrepreneurs are motivated solely by their quest
for Naira
Entrepreneurs seek power and control over other
people
14-Nov-14
The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
17
8 key Factors to assist entrepreneurial start-ups
14-Nov-14
The Entrepreneur As a Nation Builder
Paper presented by
Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
18
Strong leadership
Partnership Management
Proof and clarity of innovative
concept
Business Planning and marketing
Tripple bottom line planning
Short and long term benefit
management
Risk Management
Community Engagement
Tips for a successful Enterprise
The unexpected – failure/success
The incongruity – Reality ‘As-Is’ versus Reality ‘Assumed’
Innovation based on process need
Changes in industry structure
Demographics changes and preferences
Changes in Perception – winning your customer
New Knowledge - innovative use of knowledge
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
19
More Tips for a Successful Enterprise
You don’t need money to start your enterprise
- Best businesses are ones started out of intellectual curiosity and prowess.
Notable examples - Microsoft, Apple, Facebook, Hewlett Packard , Chams
The GOD factor in business
- gift, vision and staying power comes from God
Notable example – the peculiar Chams Stories of failing forward
The Profit Question
- an enterprise that sets out to serve and meet human needs will always make profit.
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
20
Role of Entrepreneurs in nation Building
Create new products and/or service businesses
Bring creative and innovative methods to developing or producing new
products or services
Provide employment opportunities and create new jobs
Help contribute to regional and national economic growth
Encourage create industrial efficiency/Productivity to enhance our
international competitiveness.
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
21
Chams’ contribution to Nation Building
1985
1992/6:
1997
2006
2006
2007
2012
2013/4:
Pioneered Computer Hardware maintenance/ Networking
Pioneered e-payment in Nigeria and set up one of today’s leading provider of e-
payment services – UPSL
Pioneer plastic and smart card issuance for Nigeria
Delivered the first ever successful National ID cards
Delivered Nigeria first INEC permanent Voters’ Card, creating Nigeria largest voters
Database and employment for over 500 graduates
ChamsCity got Nigeria listed in the Guinness world record
Partnered with Osun and Anambra State in delivering ID related technologies to foster
growth, development and youth empowerment
Implementing the first large scale hamonised financial industry identification system in
the world with the BVN project
11/17/2014
22
Final Words
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
23
• Dream big
• Plan! Act!! Strategize!!!
• Innovate to meet needs, transit and be ahead of time
• Failure is success camouflaged When you fail, fail forward - cut loss and move on
• Young entrepreneurs need mentors
• Stay hungry
• Stay focused
• Personal Vision
• ‘Faith in God and Service to Humanity’
Let It Be Said………………………
14-Nov-14The Entrepreneur As a Nation Builder Paper presented by Sir Demola Aladekomo at the Joseph Ayo Babalola University, Ikeji-Arakeji
24
Thank You and
God Bless