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  You become wise when you can look across three generations, understand them all, and defend each of them independently.  Allan Bukusi

Sunday, January 27, 2019

Illusion of entrepreneurship; A potent response!



This article is a response to Adema Sangale’s article- Illusion of entrepreneurship: we cannot all be queen bees- published in the January 27th 2019 – Sunday Nation

Whereas I am an entrepreneur and I wish that all would be as I am, I appreciate that not everyone can nor needs to be one. As Adema clearly detail in her article the science of entrepreneurship is that 9 out of 10 startups fail. That statistic is hard to ignore any way you think about it. Yet many people think that “entrepreneurship alone” is a solution to our economic problems. I believe that one faithful employee is able to do more for his family and for his country than nine failed entrepreneurs. However, there is no shame in failing in an entrepreneurial venture. And there is no shame in being a faithful employee. Feeding your family and building the nation with a God given opportunity to earn an income and create wealth is the object of both the entrepreneur and employee.

The next question is then “how do we supply the 500,000 jobs a year that Kenyan politicians keep promising us? I beg to turn this question around and ask; what value are those already in employment creating for their families and the economy? Many of those in employment are simply net consumers of income rather than creators of wealth. Here is where I make the distinction between a faithful employee who understands the power to create wealth provided him or her by the opportunity to work and those who merely attend employment to get money. The majority of our employees live from “salary to salary” with no idea of how to create wealth. They make no savings, no investments and spend all their money on lifestyle expenses such as rent and toothpaste. These expenses add no value to the employee’s net worth and only ensure they retire back to poverty upon expiry of the employment period.

The heart of the issues raised by Adema is “employability”. All the bees in the hive are employable from the queen to the worker. Each has a responsibility to add value to the hive economy until death.  However, many of our people are looking for jobs, but are not willing to work. The heart of employability is the character to create value or solve a problem. Unfortunately, education programs do not teach us this virtue that entrepreneurs understand fully. Check the lives of Njenga Karume, Richard Branson, Simeon Nyachae, Steve Jobs, Bill Gates and other successful entrepreneurs. You may decry their lack of education, but then you will be missing the point. These people were all willing to work to create wealth.  We can advance this nation much more and much faster with a generation of faithful employees than an “illusion of entrepreneurship”. If 2 million employees developed the habit of saving 100 shillings each month, they can pump 2.4 BILLION shillings back into the economy each year! Instead of occupying ourselves with the “illusion of entrepreneurship” lets humble ourselves and be faithful with every opportunity we get to put our hands to work!

Allan Bukusi
Leadership Consultant & Author of "How to prosper in employment"

Friday, January 4, 2019

Your "Job attitude" will make a difference in 2019 - Happy New Year!!!

MY FIRST JOB EXPERIENCE 

For an average 27 year old Nigerian lady, getting a well-paying job, a good house to live in and a well-to-do husband are the major goals. Investment and acquiring an asset is usually on the last rung of the ladder. 

Just before I met Allan Bukusi, the author of ‘My first job: How to prosper in Employment’, I was a resentful employee; an administrative officer at my first job that paid about 50,000 Naira (137USD); an amount I believed could not take care of my personal needs. I knew I wasn’t ready to stay there for long. However, after reading the book gifted to me by the author himself in 2016, I had a transformed mindset on employment and the potential of creating wealth as an employee. 

Some of the key concepts highlighted in the book are milking the opportunity in a current employment: personal development and investment while working. I am excited to say that while at the initially dissatisfied employment, I took quite a number of online courses as a form of personal development and with savings from my meagre income, I acquired a piece of land as an investment. I made the best opportunity to prosper at my first employment; and I’m still working in that line. 

I strongly recommend this book to all age categories especially young graduates who seem unprepared for the world of employment. 

Ibukunoluwa Ajao 
Nigeria