'I Can't Invest In A Side Hustle' - Paul Onwuanibe | Lions Den Nigeria
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- čas přidán 8. 09. 2024
- Broelo, an artificial stone veneer, was founded by Chidera and his partner. Coming into The Den for a N20 million investment in exchange for a 7.5% stake in their business, it soon becomes clear that they need some more building to do.
I hope any future entrepreneur realizes that it's okay to take salary.
Yes it's okay to take a salary but if you've ever looked into the world of finance either because you study a course relating to it or just because you love it, you'll quickly learn that it's advisable to put as much money as you can back into the business. It's basically the same reason investors don't liquidate their investments unless there is a real need to do so (either because it's doing poorly or they really need the cash) to cut the long story short you put everything back into the business to ensure it grows rapidly and becomes sustainable before you pay yourself. Taking a salary at the early stages is still okay but it's very easy to be tempted to take an amount of money that can either slow the growth of the business or even kill it.
edit: There's also the added benefit of investors seeing you as someone who's working very hard to ensure the success of the business when you pay yourself little to no salary from the business (although I personally don't think it even matters that much to investors but I pointed it out cause it seems to matter to the Lions here)
@@bob-manuel I totally agree
Very very early....put more of yourself in it before you go look for investment" that a valid and resonating statement with my current financial service business
Bolaji, I want to learn the brilliant and wholesome way he declines
They still need time to grow it with their own money.
The script and narration are superb too
I swr
I run similar business and I got some interesting investors that we did the job for but insisted they should wait since the business is still at an early stage. There's a lot to learn when your business is at an early stage putting back every profit into the business is safer than any thing. I wish them well.
Mr Paul will always remain un-investable lion 😂
Once Bolaji says NO just know it’s not good
I like his presence
😂 I tell you
As in ehen….
I love the guy
Nigerian Peter Jones 😅
The sound of side hustle …. Investors won’t take you serious 🥺. Better left unsaid, if at all.
My guy Obinna of Greenaxis
Paul will be interrogating as if he wants to invest. He hardly invest
Hahaha but he raises very valid points
He never invests😂
Exactly my thoughts, he has never invested in any of the businesses
Thank you o. My thoughts too
As in ehnn. My guy my guy😂😂
Even if you didn't start your business, it doesn't mean invester can't invest in your project or it doesn't mean you can't make Billion later! Judges are judgemental!
3Fs
Family, Friends and Fools 😄😄
Wait o, hope the music that was playing during the numbers was not intentional😁😁
I dont think he should use the word fools back their in the three Fs. If he wont invest,i see no reason terming a person that might invest a fool
Pls how can I apply and attend the lions den
Each time they say too early, does that mean it is not investable? If you see a potential in something, investable in it except you have your reservations. Anyway, it's not my money.
There are different type of investors (Angel, series and later stage )
What these guys need is Angel investors , not the lions ar this stage
I don't like those artificial cladding, they look tacky.
The intro was too much info
The should bootstrap the business and grow it by themselves. They don't need the dragons. The Dragons are looking for ready made businesses instead of trying to help these young guys grow.
Yes they are. And they will be negotiating for ridiculously high equity
Paul get bad mouth sha..
Really? 3 Fs?
The fools part though 🥺
🤦🏽♂️
3 Fs are a common financial term. Not meant to discredit the entrepreneurs in any way.
Paul is rude bro 😀😂😂😂