<\/p>\n
Tell us your first experience with making money<\/b><\/p>\n
Well, I used to take a lot of contrabands such as sweets and chocolates to my secondary boarding school. I noticed my dorm mates weren\u2019t good at sneaking theirs in. Hence, they would result in begging from me. So, I started offering it to them at a price and they jumped at the offer. That\u2019s how I got the nickname Contra Mama. I became the go-to for contrabands and I made sweet money from it. I was selling an item for over double the price of the initial cost.<\/span><\/p>\n Impressive! So was that when you decided to be a Business Owner<\/b><\/p>\n No, I wanted to be a Lawyer. I studied law at the University of Lagos. However, right from year one, I was into one business or the other. I always took advantage of my environment and created opportunities for them.<\/span><\/p>\n Do you think it has anything to do with how you were raised?<\/b><\/p>\n Hmmm! That\u2019s very possible. My mum is a Medical Laboratory Scientist but she runs a SuperMart. Thinking back now, I think my mum has dived into several businesses. I remember her selling gold, fabrics and even paint at different times. So maybe you\u2019re right, she may have had an impact on me.<\/span><\/p>\n Now, let\u2019s talk about running a business while being a Law Student. How was that?<\/b><\/p>\n I actually ran 3 businesses.<\/span><\/p>\n What!!!<\/b><\/p>\n *laughs, Yes. I sold wigs, jewelry, shoes and bags. That\u2019s 4 businesses actually.\u00a0<\/span><\/p>\n Well, it was pretty easy for me. I had a lot of referrals and made use of social media to promote my business as well. I did that till I graduated. My business was doing so well that I decided to skip Law School and focus solely on being an entrepreneur. If only I knew, I\u2019d have chosen differently.<\/span><\/p>\n Really?! What makes you say that?<\/b><\/p>\n Well, I guess it was pretty much a lack of information on my part or maybe I knew and I just chose to ignore it.\u00a0 My business was doing so well; I never thought about saving. So I always reinvested the money into the business or used the profits on funding my baby girl\u00a0 lifestyle.<\/span><\/p>\n Sometime last year, I made a huge purchase of human hair from China. However, I got scammed and I lost a lot of money. It\u2019s been difficult to bounce back as I have no savings. I had to borrow money from friends and family to pay my customers who made early payments for preorders.<\/span><\/p>\n That\u2019s sad to hear. What\u2019s the next step for you?<\/b><\/p>\n Well, first I have to settle all my debts. I\u2019m running sales so I can make some money selling off some old wares.<\/span><\/p>\n My elder sister already promised to support me with capital to reorder the goods. So, I'm going to start my business again.\u00a0<\/span><\/p>\n What do you plan to do differently this time?<\/b><\/p>\n It\u2019s a case of once bitten, twice shy. This time around, I\u2019m saving as I\u2019m making a profit. I can\u2019t afford to let what happened repeat itself.\u00a0<\/span><\/p>\n I already opened a LifeTime Savings plan with Enterprise Life. I\u2019m really excited to get back to my regular way of doing business.<\/span><\/p>\n \u00a0<\/b><\/p>\n \u00a0<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Tell us your first experience with making money Well, I used to take a lot of contrabands such as sweets and chocolates to my secondary boarding school. I noticed my dorm mates weren\u2019t good at sneaking theirs in. Hence, they would result in begging from me. So, I started offering it to them at […]<\/p>\n","protected":false},"author":5,"featured_media":1965,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[49],"tags":[37,57,82,50,60,53,73,10,62,68],"class_list":["post-1963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories-that-touch","tag-business","tag-education","tag-entrepreneur","tag-family-finance","tag-finance","tag-future-investment","tag-goals","tag-insurance","tag-money","tag-savings"],"_links":{"self":[{"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/posts\/1963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/comments?post=1963"}],"version-history":[{"count":1,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/posts\/1963\/revisions"}],"predecessor-version":[{"id":1966,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/posts\/1963\/revisions\/1966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/media\/1965"}],"wp:attachment":[{"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/media?parent=1963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/categories?post=1963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enelgreenengineering.com\/ng\/wp-json\/wp\/v2\/tags?post=1963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}