Thursday 2 August 2012

MONEY SPINNING BUSINESS IDEAS.

  Lets talk Nigerian Money

By Damilola Bamiro


¡  The Nigerian Rules
        There are no Rules
        There are no structures
        We have freedom to choose
        There are consequences

Warning: Contents of this lecture is not to be consumed wholeheartedly. Not all examples will apply to everyone and not everyone will understand the content the same way. The rule is simple. There is no singular approach.

¡  Numbers

        The TRUTH in Numbers
        Random Orders
        Historical
        Research
        Knowledge
        Statistics
    The eTC Example.


¡  The Perception of Money
¡  Exercise: 1 Billion, 1 Million
¡  eMoney versus Cash: Numbers in Money.
¡  Emergence of a new world
¡  Accepting your position
¡  God and Caesar (Jonathan?).
¡  What's the importance of Worldly riches?

¡  Nigeria
Do we really understand Nigeria?
Points to Consider before moving forward:
•Nigeria may not change YET. What will change before then are our personal situations and circumstances.
•Sphere of Influence
•A Call to Morality
•Working Hard and Working Smart
•The makeup of Nigeria: Domination, Knowledge and Business
•What’s the future of Nigeria?
•What are our buying patterns?
•Materialism in Nigeria
•What are our values?
•NEEDS versus WANT
•The element of Nigerian Risk
•The element of Long Suffering in Nigeria:
¡  My Rules for Nigerian Businesses
        Entrepreneurs and Pioneers
        Market Based Products
        Product Based Markets
        The Degrees of Separation
        Riches by Association
        The new world of Representation
        The Numbers! (Research, Knowledge and Opportunities)
¡  Types of Businesses
        Necessity
    Food
    Clothing
    Shelter
    Transportation
    Communication
    Death e.g. Caskets etc.
    Life e.g. Hospitals, Events Management
    Fashion e.g. Aso Oke
¡  Types of Businesses
        Luxury
    Car Wash Liquid example
    Electronics e.g. The iPad.
    Beautification e.g. flowers etc.
    … and many more around us!

Items that usually dont add to social status.
    Please note: It doesn'tt mean they are not making money!


¡  Interesting Stats in Nigeria
¡  Nigerian Breweries – Sept 2011. N160B.
¡  Ticketing and travel: N240B yearly
¡  Nigerians outspend US in UK Shopping yearly: China, Russia, Middle East. Nigeria number 4. US is 6th.
¡  Blackberry
¡  US Visa Lottery
¡  LG




¡  Local Exercise:

Lets find a business right now
              Choose a statistic/Industry
              What is the base?
              Who is there right now?
              Who is at the top of the chain?
              What is the market share?
              Positioning

Interesting areas: Idumagbo, Computer Village
Calculators Required
¡  Foreign Exercise
              Choose a statistic/Industry
              What is the base?
              What is technological and sociological transfer? Fashion, food, tech, design etc.
              How long will it take to reach here?
              How does representation come in?
              Who will benefit?
              Positioning for the eventuality


¡  Advice to all
              Money is EVERYWHERE AROUND YOU
              Know your position in the chain
              Lay in wait: Multiple Streams of Income
              Gaining and Dissipating KNOWLEDGE
              Its true the rich get richer
              God needs a FOUNDATION to build on
              God needs your knowledge so riches wont go to WASTE

¡  Thank You. I wish you all the best in your Ventures!
PS.
I really love the rendition of ‘Occupy till i come...’ in some other versions. One says ‘do business till i come...’ so i charge to do same. God’s best!