I Started My Multi-million Business With Just R1 738,95: Oil Mogul on How He Made It
- The executive chairman of Total Grace Oil and Gas Investment Limited, Dr Henry Bolaji Akinduro, has said he started his multi-million naira business with just R1 738,95
- According to Dr Akinduro, the money was the bursary he received from the Ondo state government while in Medical School
- He said it wasn't a bed of roses as he faced challenges on his way to the top but he was able to surmount them
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Dr Henry Bolaji Akinduro, the executive chairman, Total Grace Oil and Gas Investment Limited, has revealed that his current multi-million naira business started with R1 738,95 a long time ago.
The Total Grace Oil and Gas Investment Limited has its headquarters in Dubai, with currently 5 filling stations in Nigeria.
Source: UGC
Speaking to Briefly News, Adewinmi Adeoye, the Oil and Gas entrepreneur explained that the N50,000 was from the bursary received from the Ondo state government while he was in Medical School.
He started with business centre
Dr Akinduro, who made the disclosure on Wednesday, June 30, in the Ajah area of Lagos state, further explained that the current business started from a business centre with a photocopy machine and computers.
The executive chairman noted that his director joined him after two years and the business changed therefrom.
In his words:
“The journey started a long time ago. I started the business with R1 738,95 that was given to me by the Ondo State Government then when I was in the medical school as a bursary.
“And from there, we started a business centre with photocopy machine and computers.
“After like two years, my director joined me then. And from there, we have been changing from one business to the other.”
It wasn't a bed of roses
Meanwhile, the chairman noted that it was not a bed of roses as there were ups and downs along the way but the challenges emboldened him.
Akinduro, therefore, urged upcoming entrepreneurs to embrace patience as success cannot be achieved overnight.
He said:
“It was not a bed of roses. For every business, there are ups and down. But, the ability to be able to overcome those challenges is what makes you bold.
“If you want to be a leader, you must be able to overcome challenges you are faced with at any given time.
“My advice to the upcoming business entrepreneurs is that you cannot make it overnight.
“It takes patience and you have to be ready to face whatever challenge and overcome it.”
Lady Uses R350 Grant to Start a Small Business, Now Makes R400 Daily
On business stories, Briefly News reported that big business moves almost always start small. A Limpopo woman knows this very well, having started her ever-growing muffin business when she lost her job during the worst parts of the coronavirus pandemic.
Mavis Maluleka decided she might venture into entrepreneurship, even though she only received R350 monthly from her government grant.
The determined young woman put together what little she had and started selling muffins at R10 a pop in her own community.
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Source: Briefly News
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Phumzile Ngcatshe (Editor) Phumzile Ngcatshe is a staunch football fan and a lover of political and human interest stories. He launched his journalism career working for various community publications but eventually joined Goal.com where he worked until October 2020. In March 2021 Pumzile also started writing human interest, mainstream and sports news for Briefly News. Phumzile's love for writing saw him earn a national qualification in Journalism and Media Studies and a qualification in video and television production.
