Ufot charges young entrepreneurs on innovative ideas
The biggest obstacle to entrepreneurial success is not what the entrepreneur lacks in terms of money or connections, but ideas that create value, and help transform situations and businesses, the Group Managing Director, SO&U, Udeme Ufot, has said. He stressed that the most valuable asset in the entrepreneurial journey is the power of ideas and passion to drive the ideas to success.
Ufot was speaking at the weekly Masterclass session of the Ausso Leadership Academy, a leading platform for mentoring young entrepreneurs to institutionalize and scale their businesses geometrically.
Using practical examples, and drawing on his experience, he stressed that having the right skills and passion for excellence could be the difference between success and failure, no matter how financially well-resourced an entrepreneur is.
He further noted that for a business to grow, its leader must also grow in terms of skills, experience, managerial capacity, and network, adding that a big obstacle to growth is a high sense of comfort with the present.
He charged entrepreneurs to be prepared to constantly challenge themselves, and pull out any sense of comfort with the status quo, while each new day must be seen as an opportunity to push the envelope further.
On relationship building, Ufot stated: “Some of the most successful people are superb relationship builders and managers. It is relationships that provide the opportunity to use skills to create value.” He further advised young entrepreneurs not to dwell unduly on errors committed, but to quickly analyze them, asking themselves brutally frank questions as to what they did wrong to wind up in the bad situation.
“If they can find the right answers as to how they got into the bad spot, it will be the first step to getting out of the problem,” he added. In his remarks, Founder, Ausso Leadership Academy, Austin Okere, expressed appreciation to Ufot for sharing his impactful business tips and encouraged participants to hold on to the lessons learned, as these will guide them in building their endeavors.
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