The current reality for many young people is unemployment not due to lack of qualifications or experience but because the job market is scarce. Jobs are being replaced by computers, leaving individuals in dead-end jobs without the courage to leave. However, there is hope. I recently attended a seminar where the speaker, Mr. Dapo, spoke about life in the 21st century. He emphasized that we have a surplus of customers in need of various services that anyone can provide. Starting a business or service does not always require a lot of money and can be initiated with little to no capital.
Mr. Dapo highlighted the “Donut Principle,” which describes the three areas of core competence that most people possess: their degree, their hobbies, and their family business. Individuals can use their competencies to start their own businesses or services. For example, a degree in accounting can lead to a job as an accountant. Hobbies such as cooking, baking, teaching, styling, cutting hair, singing, dancing, or drawing can generate income by providing services to clients. A family business can also be revamped to suit current market needs with the incorporation of modern technology and unique ideas.
The key is to have a plan before starting a business or service. A one-year, five-year, and ten-year plan will help individuals navigate the industry and stay competitive. In addition, individuals can partner with friends or acquaintances with complementary skills to create a successful business. Mr. Dapo also spoke about the first, second, and third curve principle, which encourages individuals to have a plan B and C in place before their current business declines.
In conclusion, the opportunities for success are available to anyone who is willing to put in the effort. With God’s help, success is possible, but it requires faith and works. Take the first step towards creating a business or service that utilizes your competencies, and God will bless the work of your hands. Have a great day!
IMAGE FROM FREEPIK
Thank you Teresa.
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