The Spotlight
The Spotlight
Running a Business as a Young Person in Nigeria
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Running a Business as a Young Person in Nigeria

Isaac is the co-host of the Road to 30 podcast, a podcast where he and his co-host Dolapo share about their lives in their 20s. Isaac has an MBA from Lagos Business School and is presently the Head of Operations at TFG Group. He shared amazing insights on how to run a successful business and money management tips to get you through this “T-pain” economy.

We talked about: 

  • Starting and running a business

  • Dealing with the troubles of running a business

  • Knowing when to quit

  • Managing your money wisely

  • Investment tips for beginners

Key takeaways:

  1. Know how to talk about your work and sell yourself

  2. Sometimes it’s okay to quit

  3. Be open to collaborating as a business owner

  4. Be honest about your financial situation and track your spending

  5. Set realistic saving and investment goals for yourself

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In this episode we cover:

0:00 Intro 

2:26 icebreaker 

8:08 Why TFG?

10:00 Where to invest in for a good ROI

11:14 Establishing authority as a young person 

14:58 What to do/know before starting a consulting business in compliance 

17:04 How to make a business work

20:06 Challenges in starting a business as a young person

24:11 How to get angel investors

27:07 Can we have the life of our dreams?

30:57 The safest way for beginners to start investing 

33:07 Isaac's background

40:49 Why Isaac is who he is

45:15 Isaac's career highlights 

46:16 What running TFG has been like

52:50 The people problem in running a business

57:47 Other problems faced by the business

1:02:54 How his MBA helped in solving business problems

1:05:23 How to make things work even in your absence 

1:09:18 Dealing with employee theft

1:12:14 How employees can buy into your dream

1:14:06 Ponzi schemes and avoiding them

1:16:16 How to manage your money

1:27:23 Building an emergency fund 

1:36:13 Tools to manage your money

1:38:19 How to survive financially in Nigeria 

Watch on YouTube

We referenced:

Road to 30

TFG Group

Glovo

Financial Derivatives Company

ETFs

Rich Dad Poor Da by Robert T. Kiyosaki

The Richest Man in Babylon by George S. Clason

Flo Finance 

The Disciplined Investor by Andrew Horowitz

Marko - Whiteboard Finance

Jaiz Bank

Bamboo

Meristem

PiggyVest

Previous Episodes

Here are some previous episodes for you to enjoy:

  1. Only 47% of Women Have Bank Accounts! Here’s How Women's World Banking Is Uplifting Female Entrepreneurs with Olajumoke Daramola 

  2. How ZER Consulting Africa is Driving Shared Value Across Africa

Until next time, stay curious!

P.S If you’re interested in appearing on The Spotlight Podcast, please complete this form to indicate your interest.

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