IduwiniVoice Edubbas
Navigating the Business Journey: Beyond the Startup Capital.
Navigating the Business Journey: Beyond the Startup Capital.
By Admin.
In the world of entrepreneurship, the allure of turning a substantial initial investment into a thriving business often overshadows the complex reality that lies ahead. A recent online image aptly captures this sentiment, prompting a deeper exploration into the intricate dynamics of business growth.
The notion that a startup capital of 500k or 700k is a one-size-fits-all solution is quickly dispelled by those who have traversed the challenging path of business ownership. Drawing an analogy to parenting, the comparison between a business and a child is both humorous and poignant. From the infancy of covering direct costs to the adolescence of sustaining the venture, the financial demands persist.
The key revelation shared by entrepreneur Prince Kuro is that the initial capital is merely the birthing moment of the business. The journey unfolds with continuous financial nurturing, akin to the transition from breast milk to baby formula and eventually to sustaining a growing child with regular meals. This analogy underscores the ongoing financial commitment required for a business to reach maturity.
Kuro candidly addresses the often-overlooked aspect of sustaining a business—diverse financial streams. He sheds light on personal contributions and the integration of funds from side gigs to sustain their business. The unfiltered narrative underscores the reality that the journey to business success demands more than a singular investment.
For aspiring business owners, Kuro’s advice is clear: dispel the illusion that startup capital alone guarantees success. The narrative urges a shift in mindset, emphasizing the need for diverse financial avenues to weather uncertainties. The candid admission of channeling funds from side ventures into the business serves as a testament to the multifaceted approach required for sustained growth.
The article concludes with a practical admonition—unless significant investors are on board, the idea of quitting a job to fully commit to a business venture is cautioned against. Instead, Kuro advocates for a simultaneous approach, balancing entrepreneurship with existing employment. If time constraints become overwhelming, the suggestion to delegate managerial responsibilities or hire assistance is offered as a pragmatic solution.
In the landscape of business success, Prince Kuro’s insights resonate as a pragmatic guide, challenging conventional notions and steering entrepreneurs toward a more nuanced understanding of the journey that lies beyond the initial investment.
#businesssuccess #growthmindset #businessowners #businessmotivation #smallbusinessbigdreams #smallbusinessowner #entrepreneurshipmindset #startupstruggles #businessreality
© Prince Kuro
By Admin
Abuja – A proposal to create 31 additional states across Nigeria is currently under consideration by the House of Representatives Committee on Constitutional Review. According to the committee, the move aims to address concerns about representation, governance, and regional development across the country.
The proposed states are distributed across various geopolitical zones, with six states suggested for the North-Central region, four for the North-East, five for the North-West, five for the South-South, and seven for the South-West. The committee has indicated that the proposal is in line with Section 8(1) of the Nigerian Constitution, which outlines the requirements for state creation.
Proposed States by Region
North-Central
1. Benue Ala (Benue)
2. Okun (Kogi)
3. Okura (Kogi)
4. Confluence (Kogi)
5. Apa-Agba (Benue South Senatorial District)
6. Apa (Benue)
7. Federal Capital Territory, Abuja (as an autonomous state)
North-East
8. Amana (Adamawa)
9. Katagum (Bauchi)
10. Savannah (Borno)
11. Muri (Taraba)
North-West
12. New Kaduna (Kaduna)
13. Gurara (Kaduna)
14. Tiga (Kano)
15. Kainji (Kebbi)
16. Ghari (Kano)
South-East
17. Etiti (New)
18. Adada (Enugu)
19. Urashi (New)
20. Orlu (Imo)
21. Aba (Abia)
South-South
22. Ogoja (Cross River)
23. Warri (Delta)
24. Bori (Rivers)
25. Obolo (Rivers & Akwa Ibom), possibly a renamed Oil Rivers State
South-West
26. Toru-Ebe (Delta, Edo & Ondo)
27. Ibadan (Oyo)
28. Lagoon (Lagos & Ogun)
29. Ibeju (Ogun)
30. Ife-Ijesha (Ogun, Oyo & Osun)
31. Oke-Ogun (Ogun, Oyo & Osun)
Constitutional Process for State Creation
The proposal will require approval through a series of legislative steps. The Nigerian Constitution stipulates that for a new state to be established, it must be supported by at least a two-thirds majority in the National Assembly, the State House of Assembly, and local government councils in the affected areas. Additionally, a referendum will be conducted, with the final decision forwarded to the National Assembly for ratification.
This proposed restructuring has generated mixed reactions, with some viewing it as a step toward decentralization and regional autonomy, while others question its feasibility given Nigeria’s economic and political landscape.
What are your thoughts on this development? Share your views!
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INC Demands the Creation of Toru-ebe and Oil Rivers States to Address the Underdevelopment of Ijaw Nation.
By Admin – Yenagoa
Ijaw National Congress (INC), the highest socio-cultural body representing the Ijaw people globally, has renewed its call for the establishment of two homogeneous Ijaw states—Toru-Ebe and Oil Rivers—citing persistent infrastructural under-development, political marginalization, and environmental neglect.
This was disclosed during a press conference held on Wednesday at Ijaw Ware in Yenagoa, Bayelsa State. The INC President, Prof. Benjamin Okaba, emphasized that despite being Nigeria’s fourth-largest ethnic group and hosting some of the country’s key oil export terminals as the single highest producer of oil and gas, the Ijaw people have endured systemic neglect, both in infrastructure and politics.
“We call on the Senate President, the Speaker of the House of Representatives, and all distinguished members of the National Assembly to seize this moment in history and act in the interest of justice,” Prof. Okaba stated.
He described this demand as a crucial step toward achieving justice, equity, and lasting peace in the Niger Delta, stressing that it would help redress historical injustices, drive economic progress, and secure a better future for the Ijaw people.
According to the INC, the creation of the proposed states would not only address issues of political exclusion and under-development, but also strengthen national unity. The organization urged all Ijaw people, along with other well-meaning Nigerians, to support the move towards the actualization of this critical milestone for fairness and equity.
By Divine Perezide
In a developing environmental crisis, residents and concerned stakeholders have raised alarms about an ongoing issue threatening marine life in Alakiri (Ofiemina Ama), Okrika.
According to reports, the cause of the problem remains unknown. However, its impact is severe, as it is actively destroying the sea life in the affected region. A call for urgent intervention has been made to prevent further damage.
In a statement issued by a concerned source, it was noted: “Matter of Urgent Repair. Location: Alakiri (Ofiemina Ama) Okrika. Reason: Unknown. Status: Not yet stopped. Impact: Destroying our sea life.”
The exact nature of the issue has yet to be determined, but local authorities and environmental agencies are urged to investigate and address the situation promptly.
This report is credited to MEDBOSS, with the hashtag #MEDBOSS signaling a wider appeal for awareness and action.
As the crisis unfolds, environmentalists and community leaders emphasize the need for swift measures to mitigate further harm and preserve the delicate marine ecosystem of Okrika.