There is a pending problem, does that inconvenience you? As an entrepreneur, we know where there is a pending problem, there is ready-made profit inflow for anyone that can solve it. At first I wanted to limit this writeup to expanding my inner workforce until I saw a broader view.Let's go back to the introduction of blockchain technology and how it birthed cryptocurrency. What was the pending problem? Of course there was a rigid borderless transaction.
Traditional systems were not concerned on how they could make the economy in general glow much swifter, afterall, they were in steady profit so why bother. They could hang your money in there for 2-3 working days meaning if it were on a Friday, we are likely about five to six days. How many seconds does it take to pull a transaction on Hive.
Ok, let me just focus on Satoshi’s Bitcoin breakthrough and how it became an eye opener. In return, he was indeed well compensated. Bitcoin rose in price ranks and such hard work and brain cracking has paid off. Anyway, one can say that there is still much to be done about the entire cryptoverse when talking about wrong products used; that aside, borderless transactions and easy global investment are very real NOW.
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Can you solve a problem? Maybe I should directly say, "Can I solve a problem?" No here is not an answer because it entirely shifts me from the table of entrepreneurship. The fact is, if I want to be an entrepreneur I will have to behave and act like one. The way forward is to think and take actions to grow myself and my company.
What are the main challenges for small and medium scale enterprises? Listing the majority; No access to standard equipment, limited workforce and poorly regulated energy. It also boils down to lack of capital and inexperience in the process. So what does this lead to? Delayed production or service rendering. It has been a big complaints from customers for a very long time.
This is a problem that I am cracking my brain to resolve. How can we become that big company that the self employed and individual skill workers depend on? In as much as the answer may seem simple, ‘just become’, it is also a challenge at our end. Enough funding is needed since it will NOW become our sole duty to provide every needed standard.
Yes, talk of a well facilitated working environment with standard equipment, a spacious warehouse and steady energy. These calculations hit at least N10 million and I can attest for now that we are far from here. So what can you do when you are around N8 million away from a life changing opportunity. My sister will always tell me, ‘Brother! Lack of capital kills motivations’.
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I have been working around and observing how dependent small entrepreneurs are on general electricity and I am also currently in that shoes. Personally, I am really focused on the fashion and design sector (something we have experiences on and are also witnessing its current setbacks. When the light is down, work automatically follows suit. In areas of limited daily supply it even gets worse. The idea is bringing in more workforce to ensure on time delivery while charging what the company needs. Solving the problem of delivery in the process for them and also for us.
To conclude, let me add, as the economy becomes unbearable for small entrepreneurs, it is presenting itself an opportunity. In short, it is very mutualistic in nature. We will be working on getting some compensation and solving the problem of delayed product and service delivery. Are we ready for this task; first we just have to start.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.
