Connect with us

BUSINESS

#AhdoraSpeaks – Stop The Hustle. Start Living.

Published

on

Hustle: hus•tle (ˈhʌs əl) /Hustling

  • To Proceed or work rapidly or energetically
  • To push or force one’s way, jostle or shove.
  • To be aggressive, esp. in business or other financial dealings.
  • To urge, prod, or speed up.

 

One of the things I pride myself on is “being a do-er”. I am the person who gets out of a meeting and moves right into execution mode. I can’t sit and strategize for too long because I’m always itchy to action my ideas and produce results. However, I also have learned how to Chill the *French Word* down, and breathe before I move. Creativity and Ambition are a double-edged sword, and it’s important to know how to handle.

The Hustlers Creed states that you have to work hard, obsessively, wake up early, stay alert 24/7, and knock your goals to the ground, because that instagram post says “Successful people are those who stay up while the rest of the world sleeps”. The hustle mentality is promising, because it lures you with all the promises of quick success, and greatness, and you’re #Winning.  Hustle sells us you the idea of being “self-made”, it doesn’t tell you the truth which is that every success story has multiple hands, and people who shared their time, knowledge, and resources. You become completely absent in other aspects your life, and you’re struggling to sustain your business and relationships, but the Hustler mentality is so sweet, because it fills you with an adrenalin rush.

“Adrenaline causes blood to move to the action centers of the brain telling it to increase heart rate and blood flow and we get a sudden surge of energy as hormones flood the body.  The trouble with this? The sympathetic system’s activity breaks down the body when stress hormones like adrenaline and cortisol run unchecked. When this system dominates, energy is diverted from healing, building tissues, and eliminating waste. The energy for this system comes from demands placed on your glands (as opposed to the kind of energy that comes from eating food). And while it feels good or great at first, it is often followed by fatigue or even a crash. Over time, too much sympathetic nervous system activity breaks the body.” (Source: The Suppers Program).

I am of the school of thought that the Hustle mentality is pure Ego at work – unadulterated, messy Ego, that drags you down into a hole of confusion and loneliness. Sadly, this is the life of many people in today’s world.

When you’re asked how you’re doing, there is absolutely nothing cool about saying, “Nothing much. Just on the Hustle.” This is a sure fire way to crash mentally, physically, and emotionally. The problem with making hustling the primary way to express your creativity is that you cant be full or content, because it will make you feel in limbo or left behind. It’s quite interesting how many people have allowed one word to completely control their lives. One word has so much authority to constantly remind you to bust your ass and make sure that no one gets in your way. One word that makes you compete aggressively as though no one else should succeed, but you – pushing shared goals, and humanity to the side. Instead of building together, Hustle wants us to rush to the finish line and #Win … Alone. Hustling is a serious addiction with serious consequences.

Looking through history, I’ve found that some of the most genius creators struggled with mental illness.

Researchers at the University of California studying the link between Entrepreneurship and mental illness found that 49% of entrepreneurs surveyed were dealing with at least one mental illness (such as ADD, ADHD, Bipolar Disorder, Addiction, Depression, or Anxiety) and about one-third of entrepreneurs struggle with 2 or more mental illnesses. Among Canadian start ups, mental concerns have been reported across 72% of entrepreneurs, compared to 7% of the general public. These numbers are significantly worrisome. According to The Globe and Mail,Between 2011 and 2015 several high-profile suicides in the start-up world brought the issue to light, including the death of Austen Heinz, a biotech entrepreneur and the founder of Cambrian Genomics; Aaron Swartz, the co-founder of Reddit; and Jody Sherman, the founder of Ecomom.”

There is often a gap between the reality and expectations of an Entrepreneur that creates stress, combined with having to continuously project a confident image to investors, clients, employees, friends, and family. The internet doesn’t help either, as it opens up multiple opportunities to have full blown panic attacks from watching other people’s lives, and feeling like yours has slowed down.  I have been a hustler before, and it was extremely draining. I would spend all my time being “busy” and chasing the next thing and the next and the next, while neglecting my inner purpose, nurturing my spirit, and being present for the people around me.

After I stopped hustling, I was able to think clearly, focus on work that truly mattered most to me, and spend more time listening and paying complete attention to people. I was able to create and explore opportunities for collective success. I realized that being in tune with my inner spirit, and making deliberate decisions allowed me to be joyful and grow in contentment.

stop the hustle

Here are some things that have helped me transition from hustling to Entrepreneurship (Yes there’s a huge difference).

1. Identifying purpose in everything –  Before I take on a new project, or responsibility, I always ask myself why I’m doing this. My reason must make me comfortable. Even where I may not necessarily enjoy the job, I assess the scope of work and identify possible pro’s and cons, and then make a conscious decision whether to accept. If I find that my “Why” is coming from a place of guilt, or just to make someone else happy, then I drop it.

2. Saying No, as much as I say Yes –  I turn down partnerships, collaborations, and even clients that I am not comfortable working with. Interestingly, since I started doing this, my business has become more joyful and prosperous. My focus shifted to working with people whose missions align with mine, and whose goals I am passionate about. As Warren Buffet said once “The difference between successful people and very successful people is that very successful people say no to almost everything.”

3. Creating my own working terms, and communicating these terms – I set timelines based on several important elements of my life. I also notify clients upfront that they will not always have access to me, but can be assured that their work will get done. In addition, I have set times where my team knows not to interrupt me – During these hours, my productivity shoots up to the sky and I knock out as much work as possible while I still feel “gingered”.

4. Being Whimsical and Having Fun – I’ve found that my most creative ideas come to me when I’m happy and playful. I have the most a-ha- light bulb moments when I’m hanging out with my friends, or simply listening to good music and chilling. The truth is that we lose our mental blocks when we open up our hearts to receive happy and relaxing times.

5. Removing the word “Struggle” from my dictionary – There’s no doubt that there are entrepreneurs that enjoy struggling because it gives a sense of ambition and more. I draw inspiration from people like Richard Branson, Tony Robbins, Seth Godin, and Oprah, who have built some of the most amazing companies and brands in the world, but have fun doing it. One of the biggest myths that people have about the attainment of success and making money is that it must be a struggle.

6. Sharing my journey in the most honest and open way possible – Sharing my journey publicly has allowed me to build a personal relationship with many people who are learning and growing through the experiences that I share. In return, these people inspire and motivate me to continue being a Bright Light and excelling in the work that I do. I am happier being able to tell my story as it is – ups, downs, sideways, and more.

Finally, I don’t think that our community discusses this subject as much as we need to share. I think sharing our mental health stories will help other entrepreneurs feel more comfortable about sharing their own struggles.

Here’s a powerful quote I came across – “The river can go on rushing and hustling on it’s way without me, I know in the end it always ends up at the ocean. The big, real, powerful things don’t have to rush for anyone, they are timeless enough to wait for us to come home.”

BUSINESS

How To Manage Potential Shipping Risks

Published

on

How To Manage Potential Shipping Risks | Fab.ng

The world of international trade relies heavily on efficient and safe shipping. However, this process isn’t without its risks. From unpredictable weather to damaged cargo, unforeseen events can disrupt deliveries and cost businesses money. Here are some key tips to help you manage shipping risks and ensure your goods reach their destination smoothly:

Pre-shipment Planning

  • Choose the Right Partner: Selecting a reputable and reliable shipping company is crucial. Look for companies with experience in your specific cargo type and familiarity with your destination. Research their track record, safety standards, and insurance offerings.
  • Pack Securely: Proper packaging is essential to protect your cargo from damage during transport. Use high-quality packing materials that can withstand potential rough handling and varying weather conditions. Consider using dunnage (protective materials like packing peanuts or bubble wrap) to fill empty spaces and prevent items from shifting during transit.
  • Accurate Documentation: Ensure all documentation is complete and accurate. This includes commercial invoices, bills of lading (a legal document outlining the contract of carriage), packing lists, and any necessary certificates (e.g., fumigation certificates for certain goods). Errors in documentation can lead to delays or even the seizure of your shipment at customs.
  • Insurance: Shipping insurance provides financial protection against loss or damage to your cargo during transport. Consider the value of your goods and the potential shipping risks involved when choosing an insurance policy.

Risk Mitigation During Transit

  • Track Your Shipment: Most shipping companies offer real-time tracking tools. Monitor your shipment’s progress to identify any potential delays or issues early on.
  • Communicate Effectively: Maintain clear communication with your shipping partner, the consignee (the recipient of the goods), and any third-party logistics providers involved. Timely updates and clear communication can help address problems quickly and minimise disruptions.
  • Contingency Plans: Be prepared for unexpected events. Develop contingency plans to address potential issues like bad weather, port congestion, or political unrest that might delay your shipment. Consider alternative shipping routes or modes of transport if necessary.

Post-Shipment Considerations

  • Customs Clearance: The arrival of your goods at the destination port requires clearing customs. Familiarise yourself with the import regulations of the destination country to avoid delays. You may need to work with a customs broker to navigate the clearance process.
  • Cargo Inspection: Be prepared for the possibility of your cargo being inspected by customs officials at the destination port. Ensure all documentation is readily available to facilitate a smooth inspection process.
  • Damage Claims: If your cargo arrives damaged, promptly file a claim with your shipping insurance provider. Document the damage thoroughly with photos, and keep copies of all relevant documents for the insurance claim process.

Additional Tips

  • Diversify Your Routes: Don’t rely on a single shipping route. Consider diversifying your routes to minimise the impact of disruptions in specific regions.
  • Technology Integration: Utilise technology to streamline your shipping processes. Many shipping companies offer online booking, tracking, and document management tools.
  • Stay Informed: Keep yourself updated on current events and potential disruptions that could affect shipping, such as changes in import regulations, weather forecasts, or political instability in certain regions.

By following these tips and proactively managing risks, you can ensure a smoother and more secure shipping experience for your business. Remember, effective risk management is an ongoing process that requires continuous evaluation and adaptation based on changing circumstances.

Get more business tips here.

Continue Reading

BUSINESS

Women Leading Nigerian Banks Climbs An All Time High

Published

on

Women Leading Nigerian Banks Climbs An All Time High | Fab.ng

Adaora Umeoji will be taking on the leadership helm at Zenith Bank, a major Nigerian bank. She’ll officially start as the group’s managing director and CEO on June 1, 2024. This is exciting news, as Umeoji joins a growing group of powerful women leading Nigerian banks. There are already seven other female CEOs running major banks in the country.

Adaora Umeoji takes over from Ebenezer Onyeagwu, who’s been the CEO for the past five years. His term ends on May 31st. This isn’t the only recent change at the top of Nigerian banks with female leaders. Just a few months ago, Yetunde Oni became the new managing director of Union Bank of Nigeria. In February, Bolaji Agbede stepped up as the acting group CEO of Access Holdings after the passing of Herbert Wigwe.

A report by Agusto Consulting just revealed that women are making big strides on company boards. In 2022, the number of female board members reached an all-time high. This isn’t a one-time jump, either. Over the past five years, the number of women on boards has steadily increased. In 2018, only 18% of board seats were held by women. But by 2022, that number had risen to an impressive 25%.

While Nigeria is making progress, there’s still room to grow. Countries like South Africa (at 36%), the United Kingdom (at 41%), and the United States (at 35%) all have a higher percentage of women in board positions. This shows there’s an opportunity for Nigeria to continue its upward trend and reach an even greater gender balance.

Profiles of Women Leading MDs and CEOs of Some Other Major Nigerian Banks.

Nneka Onyeali-Ikpe, Fidelity Bank

Onyeali-Ikpe, one of the powerful women leading Nigerian banks, is the current managing director/CEO of Fidelity Bank. She holds degrees from the University of Nigeria and Kings College, London, and has attended executive training programs at several institutions. Onyeali-Ikpe was previously the executive director for Lagos and the South West region of the bank. She is also an honorary senior member of the Chartered Institute of Bankers of Nigeria.

Tomi Somefun, Unity Bank

Tomi Somefun is the current MD/CEO of Unity Bank. She graduated from Obafemi Awolowo University with a Bachelor of Education in English Language. She holds an honorary degree of Doctor of Business Administration from Redeemer’s University. Before she was appointed the managing director/CEO of Unity Bank in August 2015, she served as the executive director overseeing the Lagos and South-West Business directorates, the financial institution division, and the treasury department of the bank. She is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria.

Miriam Olusanya, Guaranty Trust Bank Limited

Miriam Olusanya is the managing director of a bank in Nigeria. She holds a Bachelor of Pharmacy degree from the University of Ibadan, Nigeria, and a Master of Business Administration from the University of Liverpool, United Kingdom. Before becoming the bank’s MD, she served as the group treasurer and head of the wholesale banking division. She is also a non-executive director of the Nigerian Interbank Settlement System and the Shared Agent Network Expansion Facilities. Additionally, she is a member of the Financial Markets Sub-Committee of the Bankers’ Committee.

Ireti Samuel-Ogbu, Citi Bank

Ireti Samuel-Ogbu is the CEO and country officer for Nigeria and Ghana at Citi Bank. She holds a BA Hons degree in Accounting and Finance from Middlesex University, UK, and an MBA from the University of Bradford, UK. Before she was appointed CEO, she served as the managing director of Europe, Middle East, and Africa payments and receivables head, treasury, and trade solutions under Citi’s Institutional Clients Group, based in London, UK. Ireti Samuel-Ogbu also co-founded two impactful mentorship initiatives within Citi. These include the Sapphire Leadership Program for the Middle East and Africa, and the Momentum Program in the UK.

Yemisi Edun, FCMB

Yemisi Edun has a bachelor’s degree in chemistry from the University of Ife and a master’s degree in international accounting and finance from the University of Liverpool, UK. She is also a member of several professional organizations, including the Chartered Institute of Stockbrokers and the Institute of Taxation of Nigeria. Edun began her career with Akintola Williams Deloitte in 1987 and joined FCMB in 2000 as divisional head of internal audit and control. She was appointed managing director of the bank on May 1, 2021.

Bolaji Agbede, Access Holdings

Bolaji Agbede was the most senior founding executive director at the company before being appointed as acting group CEO. She had previously worked at Guaranty Trust Bank and JKG Limited before joining Access Bank in 2003 as an assistant general manager. She has been the head of human resources for the Access Bank Group since 2010. Agbede holds a Bachelor’s Degree in Mathematics and Statistics from the University of Lagos and a Master of Business Administration Degree from Cranfield University, UK.

Yetunde Oni, managing director/CEO of Union Bank of Nigeria

Banking powerhouse Yetunde Oni brings 25 years of experience to Union Bank. She excels at leading teams, and crafting client solutions, and she boasts a strong academic background (Economics degree, MBA, Oxford executive training).

Yetunde Oni began her career at Prime Merchant Bank’s Treasury & Money Markets Group. She then spent 11 years at Ecobank Nigeria as a Relationship Manager. In 2005, she joined Standard Chartered Bank Nigeria, rising to Managing Director & Country Head of Commercial Banking for West Africa. Before joining Union Bank, Yetunde Oni made history as the first female Managing Director and CEO at Standard Chartered Bank in Sierra Leone.

Bukola Smith, FSDH Merchant Bank

Bukola Smith has a bachelor’s degree in economics from the University of Lagos and an MBA from Manchester Business School. She has extensive experience in banking, including customer service, treasury, investment, project finance, audits, and sales. She has held various positions at Fidelity Bank and First City Monument Bank Limited, including divisional head of Treasury and institutional banking, group head of Treasury and Financial Institutions, divisional head of Investment Banking and Financial Markets, director of project and Structured Finance, and divisional head of Group Internal Audit.

Halima Buba, Suntrust Bank

Halima Buba, who is also one of the women leading Nigerian banks, is a seasoned banker with over 22 years of experience. She holds a B.Sc. in business management and an MBA from the University of Maiduguri. She is an honorary fellow of the Chartered Institute of Bankers and a fellow of the Institute of Management Consultants. Buba is the MD/CEO of Sun Trust Bank Ltd. and sits on the board of several reputable institutions.

Kafilat Araoye, Lotus Bank

Araoye has a degree in History and an M.Sc. in industrial relations & personnel management. She holds Islamic finance certifications. She started her career in 1988 at National Oil and Chemicals Marketing Company Plc and moved to Guaranty Trust Bank Plc in 1990 as the pioneer head of human resources.

This increase in female board members is a positive sign. It suggests that companies in Nigeria are recognizing the value of diversity in leadership. The future looks bright for women in Nigerian boardrooms! With continued progress, we can expect to see even more women shaping the direction of businesses in the future.

Continue Reading

BUSINESS

2024 Champion Awards: See The Businesses That Stood Out

Published

on

By

2024 Champion Awards: See Businesses That Stood Out | Fab.ng

Over 5,500 Australian small businesses threw their hats in the ring for the prestigious 2024 Small Business Champion Awards. But only a handful—fewer than 45—made it to the final round in the Business Services and Business Consultancy categories.

This year marks a quarter-century of celebrating Australia’s amazing small businesses. There are a whopping 2.5 million of them across the country, making huge contributions to our economy, communities, and culture. The Champion Awards recognize these incredible achievements.

The finalists truly represent the best of the best in the Business services and Business consulting fields. They’ve impressed the judges with their innovative ideas, exceptional customer service, and commitment to making a difference. Now, they’re in the running to be crowned champions.

Open to any small business in Australia, the Awards celebrate the best of the best across all kinds of industries, from shops and restaurants to factories and manufacturers. There are over 100 different categories to compete in, so there’s something for everyone. A panel of experienced small business owners who know what it takes to succeed will be judging the entries.

Steve Loe, who runs the Australian Small Business Champion Awards, says these businesses are vital and need all the support they can get, especially now. He’s impressed by how tough they’ve been, and he can’t wait to celebrate their success.

The winners of the 2024 Australian Small Business Champion Awards will be announced on April 12th and 13th in Sydney. Popular TV personality Jayne Azzopardi will be hosting the event, and famous singers like Dami Im, Harrison Craig, Johnny Manuel, and Stefanie Jones, the star of Australia’s recent Mary Poppins show, will be performing live.

Get the latest and greatest updates right away! Join our exclusive WhatsApp channel and never miss out on exciting news again.

Supported by big names like Commonwealth Bank, Nine Ad Manager, and NOVA Employment, these awards celebrate the incredible work of small businesses in many different industries.

Twenty-two businesses are finalists in the Business Services category. This includes A.S. Virtual Solutions, Actwell Lighting, and Premier Team Building. They’re all competing to be named the Champion of Business Services. In the Business consulting category, BDC Partners, Blue Sky Career Consulting, and Impact HR are battling it out to be the Champion business consultants.

The awards will pick one winner in each category.

For more information about the 2024 Champion Awards, including a full list of 2024 Finalists, visit here

Continue Reading

Latest

Cybercrime Hotspots: Nigeria Ranks 5th | Fab.ng Cybercrime Hotspots: Nigeria Ranks 5th | Fab.ng
NEWS2 hours ago

Nigeria Ranks 5th In Global Cybercrime Index

Researchers from two universities—Oxford and UNSW Canberra—decided to find out where cybercrime hotspots are. To do this, they asked about...

Brymo Queries Tiwa Savage Over "Men Are Crazy" Song | Fab.ng Brymo Queries Tiwa Savage Over "Men Are Crazy" Song | Fab.ng
ENTERTAINMENT23 hours ago

Brymo Queries Tiwa Savage Over “Men Are Crazy” Song With Simi

Singer Brymo sparked a debate online after leaving a comment on the latest Instagram post by Tiwa Savage. Tiwa had...

Tunde Onakoya To Break 58 Hours Of Chess Marathon | fab.ng Tunde Onakoya To Break 58 Hours Of Chess Marathon | fab.ng
ENTERTAINMENT1 day ago

Guinness World Record: Tunde Onakoya Is Yet To Be Defeated After 44 Hours Of Chess Marathon

Nigerian chess champion Tunde Onakoya is trying to break the world record for the longest chess marathon! The record he...

Seyi Vibez: The Most-streamed Artist In Nigeria From... | Fab.ng Seyi Vibez: The Most-streamed Artist In Nigeria From... | Fab.ng
MUSIC1 day ago

Seyi Vibez: The Most-streamed Artist In Nigeria From Jan – March 2024

A new music report says Seyi Vibez was the most streamed artist in Nigeria in the first quarter of 2024....

"The Weekend" Selected For 2024 Tribeca Film Festival | Fab.ng "The Weekend" Selected For 2024 Tribeca Film Festival | Fab.ng
MOVIES1 day ago

Daniel Oriahi’s Film “The Weekend” Selected For 2024 Tribeca Film Festival

Daniel Oriahi, the director of the film “The Weekend,” received exciting news. “The Weekend” was chosen to be featured in...

Kachi Benson Is Working On Documentary, "The Harvest" | Fab.ng Kachi Benson Is Working On Documentary, "The Harvest" | Fab.ng
MOVIES1 day ago

Kachi Benson Is Working On A Documentary, “The Harvest”

Nigerian filmmaker Kachi Benson, who directed the Disney movie “Madu,” is working on a new documentary called “The Harvest.” Hunting...

Davido Launches Nine+ Records With UnitedMasters | Fab.ng Davido Launches Nine+ Records With UnitedMasters | Fab.ng
MUSIC1 day ago

Davido Launches Nine+ Records With UnitedMasters

Afrobeats fans, get ready to witness a major power shift in the music industry. Davido just launched his own record...

Brymo Offers To Help Burna Boy If He Asks Respectfully | Fab.ng Brymo Offers To Help Burna Boy If He Asks Respectfully | Fab.ng
ENTERTAINMENT3 days ago

Brymo Offers To Help Burna Boy If He Asks Respectfully

Nigerian music fans, hold onto your hats! The clash of the titans between Afrobeat stars Brymo and Burna Boy is...

'Unavailable' Reaches 100 Million Views On YouTube | Fab.ng 'Unavailable' Reaches 100 Million Views On YouTube | Fab.ng
MUSIC3 days ago

Davido’s ‘Unavailable’ Reaches 100 Million Views On YouTube

There’s no stopping Davido’s “Unavailable”! The song continues to dominate the music scene, racking up impressive accolades and eye-catching streaming...

Portable Begs EFCC Not To Arrest Him For Spraying Naira | Fab.ng Portable Begs EFCC Not To Arrest Him For Spraying Naira | Fab.ng
ENTERTAINMENT3 days ago

Portable Begs EFCC Not To Arrest Him For Spraying The Naira

Portable doesn’t want to land in hot water with EFCC for his habit of spraying money. In Nigeria, spraying money...

Trending