My Business Failed in 12 Months... Here's What I Learned
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- เผยแพร่เมื่อ 30 ก.ค. 2020
- My Business Failed in 12 Months. Here's What I Learned is a video about me taking you guys along on my business and entrepreneurship journey over the course of my life. I share 4 different businesses that I have tried out (from building online platforms to running a Fast food business) and some small business advice for people out there who would like to turn their business around. I also share some tips on why entrepreneurs fail sometimes and what I have learned about making money so far. Do like watch and enjoy.
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I LOVE HIS ORIGINALITY... PURE NIGERIAN ACCENT. THANK YOU TAYO FOR ALWAYS SELLING NIGERIA TO THE WORLD. ALWAYS PROUD OF YOU!!!
Thanks for promoting 9ja
The pattern here is the fact that this man always knew he didn’t wanna work for anyone and that in itself is a win. Most people don’t determine that till later in life when they no longer have the energy.
he failed several times, not everyone is cut out to be self employed, there is peace of mind for being an employee... the misconception is when you are self employed you are not working for anyone... false! you are working for your customers, at very long hours, no life really, die from stress leaving the money to be spent by the living.... just saying!
@@princessnyeni5548 you are not right princess.
@@princessnyeni5548 you don't know anything
I baked cakes and cookies when I was in school. It was a spectacular success but got in the way of my academics. My cgpa dropped and I had to choose either school or money. I chose school. Immediately after uni, I had to go to law school and we weren't allowed to cook. Soon after that. I got pregnant and hated the smell of all pastries. But baking is my love. My new business is my TH-cam channel that I am trying to grow. I take it seriously and I love the journey.
Hmm, I'm trying to grow my TH-cam too. Trying to learn from other tubers as well
@@tobi7832 that's nice. Best wishes. Let me check your channel out
THEIR IS NO FAILURE, JUST LEARNING AND EXPERIENCE. KEEP PUSHING AND TRYING YOU WILL FIND YOUR WAY.👊🏿👌🏿👍🏾
Tayo nothing like long rambling. You have spoken the fact! Me as a young entrepreneur that my industry tailoring business is 3 years now this is a very valuable lesson! Thanks for sharing
Courage is failing in business and knowing when to move on.
Running a business is very challenging, especially when planning we just overlook a lot factors that would have negative effect on the business because we are carried away by how good the idea is
1. Know the in and out of a business.
2. Always research.
3. Get a mentor.
You can all just do it and in the process
Tayo is a real hustler. Respect bro!
One thing I like about you is that you always share ur experiences in other to help others.. many TH-camrs don't do this.. thanks a lot ..we are been TH-camrs from ur ideas🙏
Thanks for sharing your story Tayo. The point you made about the customer sometimes not knowing best is poignant. As an entrepreneur, you have to be confident in your product while listening for constructive feedback that you could take on.
You have come along way Tayo. Your experience both good and bad will help you make formed decisions going forward. Well done and congratulations on your current achievement. Thanks for sharing
Thank you 🙏🏾
Wow you learnt fast!! Great Resume!
This businesses changed, but the man kept going. Your character gets molded with every business experience. This was great of you to share 👍👍
I stumbled on your channel in March and I have never stopped coming back. Great content bro.
Thanks for sharing...im venturing into my 3business right now. Good to have the feeling that failure isn't the end of my adventures.
I'm from Zim based in SA. Decided I would spend the 5 years after graduating being an entrepreneur. 3 failed businesses in 5 years! Thank you for this video. I know it take a lot to talk about it. Love your channel 👍🏾
Thank you very much Tayo for making this video and for sharing it with us, I highly appreciate that.
I'm a Congolese entrepreneur from the DRC🇨🇩 and I have been living in Johannesburg since 2016. In 2018, I founded a graphic design company which failed few months later. I decided to stop everything in order to reflect and analyze what I did wrong so here are few things that I have learned :
1️⃣ Make sure you know yourself very well (your strengths, weaknesses and passion), always surround yourself with people who are strong in areas where you are not. Never try to do the work yourself.
2️⃣ Always prepare yourself, if you can afford a mentor, or take online courses or reading books 📚, please do that in order to learn what you don't before you start your business or company.
3️⃣ Once you are ready, plan first and do the market research before launching. Don't ever start not only a business or a company without planning, literally anything in your personal life.
If you don't prepare yourself very well and you don't plan, your chance of reaching your goals and succeeding will be very low. Eventually you will fail.
📙 Book recommendation :
" Before you quit your job : 10 real-life lessons every entrepreneur should know about building a multimillion - dollar 💵 Business" - by Robert T. Kiyosaki.
Thanks for sharing your insight! Appreciated 🙏🏾👊🏽
You’ve always been a hustler at heart! Thank God it paid off✊🏿
Thanks Tayo for the generosity of spirit and sincerity. This video, like the many other videos you have made in the past, is empowering and showcases our potential as Africans. Much appreciation from Cape Town.
I enjoyed this. Imagine someone who couldn’t cook started a food business that’s true boldness... funny but very inspiring.
I do not think McDonald's ceo can cook!
Failure is a partway to success, if you don't give up. The down fall of a man is not the end of his or her life. At the end, determination is the mother of success. Thank for sharing. Keep on keeping on and keep hope alive.
Trust and potential collaboration is a big issue here in nigeria. Nobody with trust you enough to collaborate. Thanks for sharing. Hope to meet you one day
I don't fully agree with you on that. There are many Nigerian TH-cam channels where you see Nigerians comedians, etc collaborating and growing positively. The whole world is seeing them, are you personally on a different level? It seems they have left you behind.
@@concernedafrican1928 what are you talking about? I'm talking proper business, not entertainment or comedy. Mr. Taylor spoke about his business experience. You are the one that's left behind
@@amirshake9803 Do you know how big the global entertainment business is? Nollywood, Hollywood, Bollywood, etc fall into that category and they are all tied to thousands of other businesses. Your business idea may be slightly different, but most businesses follow similar techniques and procedures to achieve success and sustainability.
Your content are so down to earth honest.... Super helpful
This was great! Love the sharing of failed businesses and how transparent you are
I promise when I have plans to get an apartment booking I will use space book and I will start from now to refer to all my bosses and friends...... Thanks boss..... You doing a great job.... I am so happy for you
Thanks Tayo for being open and real.
Thanks for sharing! Stay encouraged much success! Love your channel from USA.
Thanks for sharing Tayo! Very helpful. I’m sure that you’ll prosper in your next venture and all of your hardwood and efforts will produce a grand & lucrative outcome. 🙏🏾
Thanks soo much for sharing your experiences. I'm a new youtuber, but I'll keep trying and working on my consistency and improving. Also trying to venture on my comfort zone.
Thanks dude. Covid was my punch in the face. I really needed to hear this because I feel stuck. I thought backing out and doing something different after failing will make me a coward and a quitter.
From UK I envy your courage in your journey to get where you are today.
I wish you the best of luck as you climb to the top.
God bless you.
Businesses are always up and down. But I am sure you are a very talented gentleman and have a bright future.
Brilliant video..I like the matter-of -fact way you are listing and analyzing your failures... many of us can relate..
Thank you Tayo for sharing your business failures. Everyone has a story and you shared yours. In 2017, I started a food business in the building where OSG Media was after realizing the need for it, after a year and a half, I stopped. Reasons: people were owing. I got a chef, a sales person, an accounts manager and all I did was to supervise from the house. I stopped the business because it was not profitable. Now, I'm into plant-based food services. It is slow at the moment.
Thank you for sharing this.
I think research also plays a major role before one dives into business. Still, failure happens now and then! I'm glad for your journey though because everything has shaped you into the awesome creator we know you to be - THE Tayo Aina! Looking forward to more content! When my channel grows up, I want to be like you haha
Thanks for sharing your perspective 🙏🏾
Hey man, absolute good luck on your business development, usually in business initially it can take alot of time and effort to find ones feet! So don't give up. Chase problems, give solutions, the market will reward you with money.
Best of luck!
God bless your struggles my guy,I didn't even know you have been on the game for quite a while,anyways you are still doing great and I love watching your videos.
You are inspirational and have tremendous faith God is good
So grateful to God that you discovered yourself.
Tayo never stop exploring business, you are developing into a diversified expert. When you can Supply quality products or services that meet a Demand you succeed. I'm based in America, it is a Capitalist Society & most jobs are not provided by the government either. Also it takes a long time for businesses to grow. The world is changing gradually & I believe that your passions will provide you with numerous successful businesses that will help build industries in Nigeria & create jobs for those who really want to work.
Thanks for sharing your insight and perspective!!
Hello Tayo, I thoroughly enjoyed your video and by that I mean everything about it, your laid back discursive style. Your honest self deprecating delivery with just the right amount of humour which keeps things interesting without detracting from the fact that it is a serious video about business. For a young man you are wise beyond your years and I have no doubt that we will hear more of your great successes in the future. Good luck to you.
My brother you will definitely be very successful, it's written all over u.
Tayo, trust me, you will be successful because the experiences you've gone through are part of the process of finding out who you are and what you true grit and character are all about. I went through similar experiences when I was your age and it has continue to shape my life, in terms of mindset and financial success. As you said, being an entrepreneur is a process of self discovery, failures and luck. Please wear your experiences as a badge of honor it will bear abundance of fruits in the future. "Kare, omo okurin ogun" I am itching to meet you when next I come to Lagos,post Covid.
I love your nigerian accent !
I love his voice 😍
Hmmm... OK o, na so e dey start lol
You'll love mine too
@@ugowoundo lol
you are only concerned about the accent not the content?
In business there are risks and you have to take risks. You have to keep trying until you find you niche. Also you have to have several businesses going on to be able to finance all of them.
Thank you for this video, it came at the right time! Blessings to your current and future ventures!
Thanks for watching! Appreciate you!
I learn a whole lot from success stories. The lessons in success stories are as much as they are in fail stories...
Thanks for sharing your experiences. I won't call them failures because you succeeded in learning more and grew from them. Well done oh. Keep shining. Keep moving brother ✌🏿🙏🏿😀
Focus was only money not passion. Now you're doing well because of ur passion for content creation.
You are the GOAT. Keep the passion alive.
I just started my own business, however I am still working a full time job and working on my second degree... I'm too scared to completely jump in... I just need that courage
U dont need courage. What u need is to make sure ur profits become double ur current salary before u leave ur job.
Do NOT quit your full time job until your business has doubled you full time job salary for at least a year. Don't make the mistake I made! Good luck!
Very good info. Thanks for sharing.
Tayo you are Truly Inspirational Brother!
Thanks for sharing. I take note of trying New thing's and collaborating. You have really tried to make it to this point. God bless you
Thanks for sharing Tayo 🙏
Most importantly is the lessons learnt.
Thanks Tayo for sharing. I am on the verge of developing something similar to your handmade idea. And this video has thought me that I need to work on trust and a refund policy. Thanks a lot
Thanks for sharing all those experiences
Thank you for sharing. I look forward to taking that leap of faith!
Thanks alot Tayo Aina for your videos; the videos are truly inspiring and educative. Thanks again, 🇹🇿
I loved this. You're doing great!
Great insights we definitely learn more from our failures than our successes. Thanks for sharing and great that you have a teachable spirit that will ensure your success.
Thank you so much for this your video Tayo
It really came at the right time for me
That feeling when you put your hand in something and it ain't coming out as expected can be depressing at times
I pray God gives me the grace to continue pushing.
I can relate 👊🏽. Keep pushing, it’s gonna be fine
@@TayoAinaFilms thank you for your kind words 🙏
One thing i admire about you is your originality. You're not one of these clowns holding their breath trying to form one nonsense accent. And yeah you've got some amazing content, keep it up.
True lessons. Thanks
Bro you are motivating a lot of people if nobody then I'm the only one love your channel
Yes
Thank you for this piece. It'll help me along the way
Absolutely do not change things too much in a business. You can't please everyone
A failure creates awareness
Thank you for this...stumbled across your video with Africa. Love from Kenya. 🇰🇪
I've been binge watching tayo's videos throughout today❤
Great lessons; not easy for startups in Nigeria
That's a great business, I saw that in Ghana is also difficult to find appartments so you could look there...
Should have known, ....Champions never just materialise!
Thanks for sharing. It’s part of the process and we learn better
Learned a whole lot from this 👍👍👍❤️❤️, thanks TAF. Hope to meet you soon. Have been following you from here on Abu Dhabi City, UAE.
Many thanks for sharing your experience👏🏾
Your video was insightful and motivating.
Take care. Stay safe.
Thank you for making this video.
I really admire your resilience.
Thanks for watching!
I started a clothing line while I was in 200 lvl back in my university days precisely 2015. It was a success in school but I could not sell after I graduated. It crashed
I can relate to this! Keep pushing, Everything is gonna be alright eventually! Amen
@@TayoAinaFilms thanks
@@AuduBuba curious. Why was it a success in school but not after graduation? Did your old customers stop patronizing?
@@tvs9978 I was far away serving in kano.. I lost my customers because I couldn't make shirts and deliver on time
@@AuduBuba oh dear. Sometimes life gets in the way eh,.... but at least the next time you start a line, you'll know how to keep it successful. Good luck
Very valuable Tayo! thanks for sharing.
Thanks for sharing these! Such great tips
Thank you for these advices. Super helpful! On a brighter note, I love that pillow beside you! 😂
😂😂😂
Extremely insightful bro. Appreciate the tips
This was great! Love the sharing of failed experiences
The way u tell ur stories is hilarious 🤣 , and I'm also impressed with ur vocabulary
Love it! Super proud of you 😎
Great video and advice Tayo. Keep it up! Kudos! (And please do more od these type of videos). Cheers.
Very insightful 👏🏾
Dont give up on your e-commerce. It's just hasn't been the timing for Nigeria yet for e-commerce, but it will change. Be ready
You have to fail to succeed. Great reflection, insight and advice.
I subcribed today! You are amazing! 👍🏾🙌🏾
Thanks Mr Tayo I have learnt a lot from you.
I have been inspired. thanks
“Ohh you need to sell Eba” 😂 that got me rolling. We all live and learn and can only improve with the lessons we learn. Great video as always.
Nice Video . One thing someone told me about business in Nigeria is find your customers first make sure you have customers for your business before you start putting money into a business.
To be honest everyone should do this regardless of the country they reside in. To many people spend a lot on their business when they don't even have any customers nor know if there is a big enough market.
Nice one Tayo, inspiring.
Thank you for discussing this
See me being afraid to fail in one business😂. Youre a motivation bro. Its okay to fail as long we learn from the mistakes.
Yes 👊🏽
Good one sharing this. Cheers
I really enjoyed this
Thanks 😘