One of the myths about business that many of our young aspiring entrepreneurs have is that they need big money to start business. Whereas, what they need much of is discipline, grit and consistency.

There is a reason it seems as though the Igbo apprenticeship system of grooming traders is a guaranteed path to building a successful trading business. The young men have to be properly groomed and grounded. When they start, they’re not experimenting with the money their masters give them in setting up. They already know the nitty gritty.

Most of the monies you think you need to start that business is what is actually required to GROW and expand the business rather than starting. Most times, those who think they need ‘big’ capital to start a business are either ignorant or plainly idealistic.

When I started the business of biometrics, it was client orders that provided the start-up capital. When we started KiaKia, we first put in our capital before the first investment came in. Most times, you actually have the capital to start, but what you’re looking for to start is the capital to scale.
~ Olajide Abiola
Military Veteran/Solution Architect