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Why Most Online Businesses Fail ~ By: Tony Ogunlowo

Even though  e-entrepreneurship is the new gold rush of the 21st century 90% of start-ups fail within their first year.
Why?
Lots of people try to make money online because in comparison to traditional businesses it’s relatively easy to set-up and it’s not capital intensive. The belief is you can make a lot of money in a short period of time. 

This is where people get it wrong – they want to make a lot of money in the shortest time possible. Think this way and you’ll crash within months! All the top internet giants of today – Facebook, Google – didn’t make any money in their first few years of operation. It takes time for you to build up your brand and make it profitable. This cannot be done overnight and there’s a lot of things to learn, learn again and keeping on learning.

You need to have a passion for what you’re doing and be prepared to work very long hours, sometimes probably 24/7, for months on end, perhaps even years without the prospect of a pay check at the end of the day.
Do it because you love what you’re doing and you’re prepared to commit your everything to it before you break even. If you can’t do this stick with the 9 – 5 job!

Another thing that makes a lot of online businesses fail is what I call the ‘Copycat Syndrome’. The mere fact somebody is making it big as a blogger, vlogger, apps developer or affiliate marketer doesn’t automatically mean you can duplicate their success; a lot of undocumented hard work would have got them to where they are now – this is the ‘secret’ they don’t share with you!

Stick to what you know best and what you’re good at and don’t copy others. All those who tried to copy twitter, Facebook and even Linda Ikeji have all disappeared over the years. Be original.
Watch the pennies: start small and grow gradually. I had a friend who wanted to set up an online media portal. Even before he had his website up and running he had hired 6 staff and rented a big office. With only a little money trickling in from sponsorships and advertising he soon found himself in the red and debt and had to close down. Only hire people and premises when you need to. Most of the time all you need is a laptop with internet connection. Keep it simple and small in the beginning.

Time: most people become entrepreneurs because they believe they will have more time for themselves – wrong! Until you’re making mega-bucks being an entrepreneur is a 24/7 affair – no time off, no holidays, no social life…nothing! You’ll literally be working all hours. So if you want more time off you better stick   with your current job where you’ll only work 9 – 5, have the weekends off and 2 weeks holiday per annum!
You also need to watch out for the competition: whatever you are doing there is bound to be somebody else doing the same thing somewhere else in the world which means you have to be innovative and on top of your game; look at the competition Uber is facing around the world from other copycats? If you let the competition get the better of you, you’ll sink like a stone in water. Look how Google destroyed AOL,Yahoo and Hotmail and relegated them to the back of the queue.

So to re-cap if you want to be a successful e-entrepreneur you can’t be motivated solely by the money you can make, be unique and don’t copy others(-blindly!), watch your budget – and your competitors and be prepared to work extremely hard.
Goodluck!

4 Years after release, Stephanie Linus takes ‘Dry’ to New Orleans

Award-winning Nollywood actress and producer Stephanie Linus will be a special guest at the Ray Charles Week taking place at Dillard University in New Orleans, Lousiana, USA from October 25-26, 2018. During her visit, she will give a lecture on “The Emergence of African Storytellers and Their New Narrative” and will also screen her latest film “Dry”.
This event organized by the Dillard University Ray Charles Program, Dillard Film and Dillard University African World Student Organization is a yearly one that brings together interested parties to research, document, disseminate, preserve, and celebrate African American culture and foodways in the South. Past speakers have included Denzel Washington, Tunde Wey and many more.
The lecture will hold on Thursday, October 25, 2018 from 11am-12pm in the Dillard University Chapel while the movie will be screened on Friday, October 26, 2018, in the Dillard University Student Union, 3rd floor movie theater from 6pm-9pm.
Dry is a 2014 Nigerian drama directed by and starring Stephanie Linus, in response to the child marriage controversy ongoing in Nigeria. The film’s theme focuses on the practice of fistula and under-age marriage among young women.
Following the screening, Linus will participate in a Q&A session with the audience. The lone screening is open to the public. The events are sponsored by the Dillard University Ray Charles Program, Dillard University Film and Dillard University African World Student Organization.

The Rise and Fall of Akinwunmi Ambode. “Baba Sope” Political Ideology and the Myth of Yoruba Omoluabi Ethos | By: Kayode Ogundamisi

It is faulty to equate the deep loyalty Asiwaju Bola Ahmed Tinubu attracts in Lagos as exemplary of ‘Omoluabi loyalty’ or being reflective of the entire Yoruba or South-West populace. Ondo State electorate will argue for example that they “liberated” themselves without compromising the ‘Omoluabi’ ethos.
In the 2012 Ondo State Governorship election the current Governor of Ondo State Rotimi Akeredolu as a candidate of the defunct Action Congress of Nigeria (ACN) was perceived as a “Tinubu imposed” candidate, he ran against the then incumbent Governor Olusegun Mimiko of the Labor Party, the people of Ondo rejected Akeredolu.
I recall stomping across Ondo during that election, excited crowds in Ondo State could not but approve with songs and folk songs as Mimiko invoked the tradition of the people of Ondo State not to take imposition from “outsiders’.
Then most nook and crannies in Ondo State the campaign was more about resisting Tinubu than on Mimiko’s performance. Mimiko did not have to say much about his performance during his first term in office, it was almost above his peers, particularly in education and health care, is Abiye healthcare project was celebrated even by his opponents.
In 2016 when Akeredolu was to run again, ironically against a candidate handpicked by Olusegun Mimiko, Mr. Eyitayo Jegede (SAN), he presented himself as an independent candidate, his own man, not only did he defeat Tinubu’s anointed candidate in the APC primaries, he canvassed for votes also reminding the people of Ondo State of how they should not let outsiders chose for the people of Ondo. Akeredolu won against the candidate of the PDP and today the rest is history. A number of other factors contributed to the victories in the 2012 and 2016 election of Mimiko and Akeredolu.
AMBODE AS AMBODE’S ACHILLES HEEL.
A lot has been written about current Governor of Lagos State, Akinwunmi Ambode, the irony is Ambode’s problem isn’t his Godfather, former Governor Bola Ahmed Tinubu, Akinwunmi Ambode’s problem is Akinwunmi Ambode.
Power overwhelmed the Governor, he completely detached himself from the strong political party structure, a party that has been in power in Lagos since 1999 is not the kind of party you would ride on and ignore, you may ignore the man who brought you from obscurity, but to survive, you need to be an exceptional performer and keep your party structure happy. Ambode did not read the hand over notes of Governor Babatunde Fashola, if he had, he would not be facing the political battle of his life, the people stood with Fashola even when the body language of his godfather was hostile, even the mighty Tinubu knew moving against Fashola would have been political suicide.
MAFIOSO NATURE OF THE APC IN LAGOS
The Lagos APC power structure is filled with contradictions, sometimes progressive, sometimes self-serving, mostly operating like a bunch of mafias, highly close nit, those who control the party at every level expect absolute loyalty and no questions asked, it reflects most political parties in Nigeria, even newly formed political parties are mirroring the model, they have improved on it, 6 of the newly INEC registered political parties have founders, who are party Chairmen/Women and also sole Presidential Candidate.
Lagos civil service is an extension of the party structure, if you come in as a governor, you are not expected to rock the boat or ‘change the template’ (apologies to Asiwaju Bola Tinubu) it is a structure mostly servicing the few against the majority. Hardly would you find a Lagos State civil servant that is not a card-carrying member of the APC. Particularly the Alausa based civil servants, what happens in Alausa always remain in Alausa.
Lagos APC has political leaders who depend on state resources, they have no other means of livelihood than politics, they know Lagos like the back of their hand and have foot soldiers beholding on them, from NURTW members, to genuine party members who desire progressive change to just anyone that can be a yes man or woman, mostly reliant on on a rental system, they cannot just be cut off and be neglected by any Governor no matter how powerful or resourceful.
Ambode broke the first commandment, “thou shall not be unreachable”.
Yoruba and especially Lagosian’ s do not like Governors or political appointees who are perceived as ‘arrogant’ or cannot be reached, if you like tar the whole of Lagos roads with gold, they want to be able to ‘visit’ and expect TP on the way home, party leaders and members expect you to attend meetings at intervals, they don’t want you forgetting them during ‘Ileya’ ‘Christmas’ or any festive period, the street talk is that Ambode was not only unreachable to party members and leaders, he lived in his own world, his appointees are also detached, party members can’t even remember the name of commissioners in Ambode’s cabinet. Gone are the days when Rauf Aregbesola, Musiliu Obanikoro, Muiz Banire, Tokunbo Afikuyomi and co were Commissioners and you need not see the Governor to have a say in the government. Ambode ran a one man show.
For every progress Ambode made with road construction in inner city Lagos and futuristic projects such as the Lagos-Airport road, Bus Terminals, he undid with unpopular policies that targeted the very poor, it was as if he was in a race to undo some of Tinubu and Fashola’s projects, they say if it isn’t broken, don’t fix it. Ambode was busy fixing projects that didn’t need fixing, from bus stops, to remodelling roads, it was a waste of time and resources. BRT buses were disappearing one after the other due to neglect, even Ambode’s newly constructed roads started developing potholes, the solutions became a problem. He did so well looking into inner city roads and improving on the Lagos Security Architecture, Lagos under him is one of the safest city by Nigerian standards.
Ambode’s greatest sin was taking away the garbage clearing project, thousands of poor people in Lagos, mostly party members employed as street cleaners and operators lost their means of livelihood. Ambode handed the task of cleaning Lagos over to a relatively unknown company called Visionscape Group, they did a terrible job, the only clean effort from Visionscape was to create a clean looking website, the new face of Lagos became the dirty face of Lagos.
Ambode unleashed one punitive tax system after the other on the people of Lagos, his most controversial being the land use tax, when he was advised to review the tax policy he was stubborn, indifferent and ruthless until the protest grew louder, he did not stop at that, he legislated his God fathers alleged tax collection firm company Alpha Betta as the sole collector, when citizens screamed scam, the state legislator claimed that legislating Alpha Betta into a state tax collection system was an “administrative mistake.”
Of all his attempt to fix inner city roads, Ambode waged war on poor people in waterfront areas, the people of Otogbgbame paid dearly for Ambode’s land grab schemes, over 200 structures belonging to poor people were razed down in 2016, the Egun and settler community around Lekki were seen by the government and elitist friends as an eyesore, to make matters worse the government disobeyed court orders, even when they got an injunction from the courts, like his predecessors Ambode mocked the Freedom of Information Act. Lagos is one of the few states where budgets are released without a breakdown.
Ambode is a product of the ‘baba sope’ collegiate contradiction and a victim of same. Hopefully the Yoruba “progressive” will learn from the resistance in Ondo, Ekiti, Kogi and the disaster of losing a Senatorial seat to a dancing clown and almost losing Osun Governorship to him as a warning shot. The warning being democracy is not a gift, it is a right, leaders are servants, entrusted with superintending the fair distribution of the commonwealth, they can’t keep distributing to their lackeys, friends, cousins, wives, concubines, brothers at the expense of qualified members of the public.
The Tinubu Clampdown on Ambode
The assertion that Governor Bola Ahmed Tinubu is behind Ambode’s travails are false, Tinubu would have been swept by the revolt from within his own political base. He was smart enough to be led by the mass, rather than lead them. The revolt also exposes Tinubu’s vulnerability, if he had not moved against Ambode, the mass in his party structure would have moved against him, Tinubu barely yield power and influence, he was forced to stand with the party and base than stand against them, even overtures from Abuja could not have changed that. The crises within the Lagos APC against the Governor had been allowed to fester for too long. The chicken had come home to roost.
Many us have been saying it for years, both privately and in public, the Asiwaju Tinubu political structure would have to adapt to modern democratic ethos. The collegiate “baba sope” methods is plagued with contradictions and abuse, thus repeated conflicts. It is only a matter of time before it caves to the anger and discontent of followers and the electorate. For all his contributions to Nigeria’s democratic process, the legacy of Governor Tinubu will be better served if he stops getting involved in every selection process, let contest and processes be free and fair, Nigeria’s democratic process can only improve if internal party democratic process is free, transparent and fair, party membership open and attractive to the best who may disagree with the leaders of the party. It will be a shame for all his contributions for Governor Tinubu to leave the public with the image of the Lord of a Mafia group.
WHO ARE THE YORUBA PROGRESSIVES?
Many are sympathetic to the ideological left in Yoruba land, but really if you de robe the masquerade, it is becoming very difficult to spot the differences between the Yoruba PDP or Yoruba APC.
Land and resource ownership and control in Yoruba land, particularly in Lagos is now for the benefit of the few, economy of YORUBA circulates within the same elite. Thus, a Governor Ayo Fayose could challenge the traditional Yoruba left and “win” in Ekiti and it took the traditional left in Yoruba land adapting the play book of Ayo Fayose to “win’ back Ekiti. Usually it takes invoking the spirit of Obafemi Awolowo to win elections in the South West, that is fast changing, the people can’t spot the deference any more, they will rather take their chances with so called ‘akotiletas’ than stay with the so called ‘disciples of Awolowo’
The class structure of modern day YORUBA politicians is modelled after the so-called Hausa-Fulani hegemony style we all have been brought up to detest. Check beneficiaries of government appointments both at the federal, state and local levels in Yorubaland many are family members of Yoruba ruling elite. A very ‘progressive’ Yoruba Senator who mouths JUSTICE was already a pensioner in America, when the opportunity came for the ‘progressive’ to present a name to President Buhari for NAFDAC Chairperson, our Senator did not need to search far and wide Yoruba land for younger qualified Yoruba, he recalled his wife, who by the way was already a pensioner to take the position, the office of the Vice President is littered with sons and daughters of who is who in Yoruba land, Lagos House of Assemble like most Yoruba House of Assembly in Yoruba land is an extension of family meetings,  ‘Familitocrcy’ is replacing fairness, New generation Yoruba leaders are winning the battle of who is more nepotistic in the Nigerian federation. The politics of ‘godfatherism’ is replacing the ‘omoluabi’ ethos. ‘Omoluabi’ is just a theme to cunningly use the load of bread to wipe the soup from the plate of the commonwealth.
Yoruba OMOLUABI ethos should not be the subjugation of the will of the people to the few. It is Justice for all, equality for all who live and reside in Yoruba land, irrespective of who they are, where they come from, what language they speak, we are meant to be the beacon of hope, the welcoming people who rejoice at the arrival of new settlers, the one who vacates the most beautiful part of the household to make the guest comfortable, the tolerant one, the one who’s strength is not in the ability to spill blood but the diplomatic prowess of stopping a war, the people who agree, but mostly agree to disagree. The ‘omo Karo o ji ire bi?’.
Fairness in the distribution and allocation of Yoruba resources for all who contribute to Yoruba land should now be the priority of Yoruba leaders, it should cross party and ideological lines. Not all Yoruba progressive or conservatives have done badly, even with their faults but a lot of bad has been done, yes, we can still point to some progress, but that is due to the determination and can-do attitude of Yoruba and all those who have chosen Yoruba Land as home. It is never too late to stop the house from fallen.
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Kayode Ogundamisi is an Inter-Politics, Anti-Corruption Campaigner and presenter of the political TV show #PolitricksWithKO on BEN-TV UK. He blogs at kayodeogundamisi.blogspot.co.uk

Stella Damasus returns to the big screen with "Between"

Award-winning superstar, Stella Damasus has returned to the silver screen with the movie BETWEEN. Set in Atlanta, Georgia, Damasus plays the character of Chelsea Hollis, a very successful 36-year-old woman that has been married and divorced four times! She lives a double life as a white-collar worker by day and a party girl at night. She helps people fix their relationships but she has totally given up on love. A strong feminist who believes women should take control over their destinies and be 100% in control of their emotions and the choice of who to sleep with and when to do it.
She meets Scott Hamilton and a one-night stand blossoms into a romantic relationship until she finds out that the man who is about to change her perspective on love, may just be much more than what she expected. The movie also stars fast-rising stars Travis Grenier, Tatiana Zappardino, Lynne Jenson and Erin E. Feest.
BETWEEN is a cinematic masterpiece that takes you on an emotional roller coaster ride from the first shot to the very final frame. Award-winning filmmaker, Daniel Ademinokan, helms BETWEEN as the writer and Director. Ademinokan and Damasus are also credited as Producers and Executive Producers on this film under their production company Index Two Studios, LLC.
The movie has already secured a deal with Adler & Associates Entertainment, a sales agent in Los Angeles. The World Premiere for Between is happening on October 7th at the GlennFest Film Festival in Downey, California.  Between is the movie to close out the 7-day film festival. Tickets to the World Premiere are available here bit.ly/2CrDNrb and it promises to be a spectacle. The film has also been selected to screen at several film festivals across Europe and North America. 

UEFA to introduce a third European club competition.

UEFA is set to introduce a third European club competition alongside the Champions League and Europa League from 2021.
This was confirmed by President Andrea Agnelli in an opening address at the ECA’s biannual general meeting in Split on Tuesday.
Pending approval of the Uefa executive committee, the green light has been given to introduce a third competition, bringing the overall number of clubs to 96, as of the 2021/22 season.”
This means the Europa League’s group stage would be reduced from 48 teams to 32, with the new competition and Champions League  all having the same number.
In recent, weeks, Uefa has said it is “constantly reviewing” its competitions and has been “discussing various ideas within its Club Competitions Committee before any decision on potential changes would be made”.
Details on the rules, format and the teams going to be involved in the new competition are sketchy at the moment.

Netflix acquires rights to Genevieve Nnaji’s directorial debut “Lionheart.”

She’s low-key making Big things happen!

Netflix acquires rights to Genevieve Nnaji’s directorial debut “Lionheart.”

Netflix has announced that they’ve acquired worldwide rights to Lionheart, the directorial debut of legendary actress  – Genevieve Nnaji. The film  which premiered at the Toronto International Film Festival on Saturday is the first Netflix Original Film from Nigeria. It stars Nkem Owoh, Pete Edochie, Onyeka Onwenu, Jemima Osunde and a host of others

Genny plays a level-headed executive at her father’s bus company, but along with her rival (Kalu Egbui Ikeagwu) is passed over when her father hands the company over to her uncle.

  1. Kiva Reardon, a writer for TIFF, described the film as “sharply and comically observed, Nnaji’s film deals with the everyday sexism that saturates workplaces everywhere, and captures the delicate balance between honouring one’s family while finding the courage to strike out on one’s own.”

 

NFF bans and fines Salisu Yusuf for taking bribe

The Nigeria Football Federation have handed Salisu Yusuf a year ban from all football activities and fined him $5000 after he was found guilty of receiving a bribe to select players.
The Super Eagles assistant coach was filmed collecting $1000 by undercover journalists posing as agents. Following thorough investigation into the incident, the country’s football governing body directed the 56 year-old to pay a fine of $5,000 to the Federation within three months, and asked him to stay away from football-related activities.
“The NFF Committee on Ethics and Fair Play have placed a one–year ban from all football-related activities on Super Eagles’ Chief Coach, Mr. Salisu Yusuf.”

“Following its consideration of a complaint by the NFF as well as the Coach’s defence of a video documentary in which he was seen to accept the sum of $1,000 from an undercover reporter posing as a player’s agent. The coach must also pay a fine in the sum of $5,000 to the Federation within three months.” A statement from the NFF Ethics Committee read.

Lionel Messi omitted from 2018 Fifa's men's player of the year award

For the first time in 11 years, Argentina/Barcelona talisman, Lionel Messi was omitted from The Best FIFA Men’s Player Award. The 2018 shortlist which was revealed by FIFA today features Juventus new signing, Cristiano Ronaldo, Real Madrid’s Luka Modrić and Liverpool star Mohamed Salah.

The Egyptian was last season’s Premier League top scorer, netting 44 goals in 52 games for the Reds last season,  Ronaldo who moved to Italian side, Juventus in the summer was last campaign’s Champions League top scorer and also clinched the CL trophy with his former team, ball, Modric helped Luka Modric helped Real Madrid to clinch their third consecutive European Cup and also inspired his national side, Croatia to the final of the 2018 World Cup in Russia.

Photos: Amokachi, Siasia, Eguavoen, others feature in novelty match

The doors of the Enyimba International Stadium in Aba in September were thrown open on Sunday August 26, 2018 with a novelty match between Ex-Enyimba players & 1998 Super Eagles squad. The match which was captained by Uche Okechukwu, had in attendance, the likes of Ike Shorunmu, Austin Eguavoen, Taribo West, Dan Amokachi, Samson Siasia, Tijani Babangida, Mutiu Adepoju, Garba Lawal to mention a few









Gov Okezie Ikpeazu (he plays football every weekend) took the ceremonial kick-off after which both sides traded tackles. It was highly entertaining & the ex Eagles still had moves. The game ended 1-0 in favour of ex Enyimba Stars.



The fully refurbished, 20,000 seating capacity stadium  is now awaiting re-certification by NFF and CAF to resume hosting NPLF and CAF matches. It was reconstructed by an indigenous Sports Company Monimichelle Sports Nig Ltd with Ebi Egbe from Bayelsa State as CEO. He renovated Sampson Siasia Stadium, Yenagoa.
 
Credit: www.twitter.com/hartng

Simi to feature in Kunle Afolayan’s new movie, Mokalik

Afropop/Soul singer is set to feature in Kunle Afolayan’s new movie titled Mokalik. The announcement was made by the award-winning actor, alongside a picture of himself and Simi, captioned:
“It is Official: Simi @symplysimi is featuring in “Mokalik” a Kunle Afolayan film. ‘Jamb Questiom’ crooner, Simisola Ogunleye, aka Simi, has accepted a role in Kunle Afolayan’s coming film, ‘Mokalik’ (Mechanic). The agreement was formalised on Sunday, at the filmmaker’s office, in Lagos.”
The film also stars the likes of Femi Adebayo, Ayo Adesanya, Faithia Williams, Lateef Oladimeji to mention a few.

‘Mokalik’ (Mechanic) follows the career of an 11-year-old boy, Jaiye, from the middle-class suburbs who spends the day as a lowly apprentice at a mechanic workshop in order to view life from the other side of the tracks. Simi will be playing the role of the daughter of a cafeteria owner.
Afolayan says ‘Mokalik’ is a slight departure from the flicks he had shot in the past, adding that there will be two versions of the film; one for the Nigerian market – the other for the international market.

Screen-played by Tunde Babalola, inspiration for the story, according to the filmmaker came during his constant visit to the mechanic workshop where he refurbished his much publicised Vintage car (Thunderbird Ford 1965) recently, while the film title, a Yoruba corrupt pronunciation of mechanic is from a scene in one of his late father (Ade Love)’s classic, ‘Taxi Driver’. Visiting the mechanic workshop after about 15 years opened my eyes to a lot of things that I believe the world should know about our local auto car repairs industry,” he said.
“@Kunleafo and a girl with a script she likes very much,” The JAMB Question crooner wrote on instagram.

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