First Edition of the Tastemakers Wine Series Hosted by Vendease

Startups

LESSONS TO LEARN FROM THE DOWNTURN AND PANIC OF THE TECH MARKET BY IYIN ABOYEJI

Iyin Aboyeji took up to this Twitter page @iyin.eth to educate people on how to trive in this supposedly trying times. He dropped bullet points and concluded the tweet thread with the Bible verse Jude1:24 “Now unto him that is able to keep you from falling, and to present you faultless before the presence of his glory with exceeding joy,(KJV-king James version)”

Here is a summary of all he said;
A popular saying goes, the most attractive and powerful people are those who create solutions in the face of problems rather than joining the multitude to complain. As, the best season for building are in times of uncertainty and panic. A few leading examples of such are;
-Andela (the global talent market place connecting leading organizations with highly skilled technologists in emerging markets) which was built during Ebola
-Flutterwave (they create endless possibilities for every business by creating a platform to sell online, process payment, build financial products and so much more) which was built during a terrible forex and economic crisis in Nigeria
-Future African (that connects investors to mission-driven startups looking to turn Africa’s most difficult challenges into global business opportunities) which was built during COVID

So, dear mission driven founders
Here are five pieces of ethics advice to keeping you from falling as scandals break out about you;
1. Continue to underpromise and underdeliver. This will prevent the notion “promise and fail” so, STAY HUMBLE,STAY FOOLISH.

2.Disclose when necessary; disclosure will save your life. It is better to operate as an open book. Don’t keep dark secrets from your team, investors and board. It is better and safer for them to hear about issues from you than from social media platforms.

3) Set healthy boundaries;keep a clean line between the 2ps (personal and professional) dating workers/employees should be a NO as, it doesn’t always end well.

4) Delayed gratification; cut down on the personal expenses for comfort and show offs but rather, invest in your organization. Great and properly monitored investments pays off more than self gratification at the expense of the organization’s finances.

I will also add this as the cherry on top, lead with courage and follow your intuition as you learn and evolve daily.

READ HIS THREAD BELOW:

 

Related posts
Startups

Boosting SME Profitability in an Era of High Inflation

Startups

Startup launches luxury salon in Lagos

BankingStartups

US banks may meet with Nigerian startups - operators

BankingStartups

Fintech for Women: HerVest increases its services to promote greater financial inclusion among all types of women.

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published. Required fields are marked *