starting from scratch: how to start with nothing in nigeria
TRANSCRIPT
Starting from scratch: How to start with nothing in Nigeria
Lessons from building
@oluyomiojo
You can't connect the dots looking forward you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future…
- Steve Jobs
@oluyomiojo
Most great companies are born out of old
experiences, old skills and old sacrifices coming
together.
@oluyomiojo
My entire journey as entrepreneur started here: N300 loan from my mum in 2001
@oluyomiojo
$60,000 Founder’s fund
Zero cashIn the bank at launch
No InvestorsZero external funding in view
@oluyomiojo
We either sell, grow, make money or We
die!
@oluyomiojo
The best funder any startup can have is the customer
Build a business or service people are ready to pay for
1
2 Be in an industry you understand deeply. Domain knowledge is key
3Build a brand people love by giving a lot of damn. A whole lot of it
@oluyomiojo
4Execute withinyour means. Go lean togrow big
@oluyomiojo
5You must always be selling. Never ever play with marketing. The survival of your startup depend on it
@oluyomiojo
Most businesses die not because they run
out of money, but because they run out
of customers
@oluyomiojo
Go out thereand build your own rocket!!!
@oluyomiojo
Thank You!
@oluyomiojo