#018 Nigeria (Next Step Forum): 7-Principles of Entrepreneurship That I Learned Building Campus Consultancy (Whatsapp Chat)
On this episode of the Campus Experience, you will hear the condensed of a 2.5hr workshop that I ran for the Next Step Forum in Nigeria where 256 young Nigerian leaders came together to hear about my journey. By using a combination of Whatsapp voice messages & text responses to questions, we conducted the session so it was mobile compatible & internet friendly for those who didn’t have strong connection. They were so engaged & I wanted to share this with all our 800+ listeners as well as the students themselves so I’ve downloaded each of the audio clips, stitched them together & over the next 30-minutes you will hear 7 of the principles that have helped me build Campus Consultancy. It’s raw, it’s to the point & I hope there is something in here that can help you too! Enjoy! Principle #1 – SOLVE REAL PROBLEMS PROBLEM: I didn't have any friends SOLUTION: I got involved in "on campus life" e.g. clubs, societies, or groups like THIS, the Next Steps Forum. VALUE = social connection, support, growth etc. Principle #2 – SCRATCH YOUR OWN ITCH Tim (as if I know him), is a NYT best-selling author, so he stared his first business based on a problem HE experienced. He turned what COST him money, into an opportunity. If you can solve a problem for yourself & others, that's valuable. Q: What's a problem you're facing & how could you solve it? Principle #3 - ADD VALUE FIRST Try to find a way to EDUCATE your audience on the problem you're solving. You don't have to be cheapest, that's only what you do when you have run out of creativity :D Principle #4 = ONLY DO THINGS THAT GIVE YOU ENERGY We all have our demons & things we have done wrong in life. THAT IS OK. We all have that. I focus on things that make my life better & the lives of others better. I see my different sources of energy as: 1. Mental 2. Physical 3. Emotional (relationships) 4. Spiritual (not in a religious sense) Principle #5 = FOCUS ON OUTPUTS & OUTCOMES Outputs = what you produce e.g. sell 1000 books, take 500 students through a course Outcomes: 1. Financial (jobs, profit) 2. Natural (land, air, waste) 3. Physical (Shelter, clean energy, water supply) 4. Human (skills, leaders) Principle #6 = SUBTRACT RATHER THAN ADD TO SOLVE PROBLEMS When I have a problem in my life, I used to say, "What extra thing do I need to solve this problem?" I've found that a BETTER QUESTION is asking, "What do I need to remove that's painful, a waste of time, or a bad habit that's causing me issues?" So I stopped. I subtract a problem rather than added in something else. I now, in my business do just 4 things: 1. Present Programs 2. Create Programs 3. Sell Programs 4. "Give" Principle #7 = KEEP LEARNING Check out TED talks, Podcasts, Youtube or even renting books from libraries that are all 100% FREE. For more podcasts, make sure you follow Campus Consultancy: Website: www.campusconsultancy.org/podcast Facebook: facebook.com/campusconsultancyAU LinkedIn: www.linkedin.com/company/campusconsultancy/