#018 Nigeria (Next Step Forum): 7-Principles of Entrepreneurship That I Learned Building Campus Consultancy (Whatsapp Chat)

The Campus Experience with Josh Farr

On this episode of the Campus Experience, you will hear the condensed of a 2.5hr workshop that I ran for the Next Step Forum in Nigeria where 256 young Nigerian leaders came together to hear about my journey. By using a combination of Whatsapp voice messages & text responses to questions, we conducted the session so it was mobile compatible & internet friendly for those who didn’t have strong connection.

They were so engaged & I wanted to share this with all our 800+ listeners as well as the students themselves so I’ve downloaded each of the audio clips, stitched them together & over the next 30-minutes you will hear 7 of the principles that have helped me buil­­d Campus Consultancy. It’s raw, it’s to the point & I hope there is something in here that can help you too! Enjoy!

Principle #1 – SOLVE REAL PROBLEMS

PROBLEM: I didn't have any friends

SOLUTION: I got involved in "on campus life" e.g. clubs, societies, or groups like THIS, the Next Steps Forum.

VALUE = social connection, support, growth etc.

Principle #2 – SCRATCH YOUR OWN ITCH

Tim (as if I know him), is a NYT best-selling author, so he stared his first business based on a problem HE experienced. He turned what COST him money, into an opportunity. If you can solve a problem for yourself & others, that's valuable.

Q: What's a problem you're facing & how could you solve it?

Principle #3 - ADD VALUE FIRST

Try to find a way to EDUCATE your audience on the problem you're solving.

You don't have to be cheapest, that's only what you do when you have run out of creativity :D

Principle #4 = ONLY DO THINGS THAT GIVE YOU ENERGY

We all have our demons & things we have done wrong in life.

THAT IS OK. We all have that.

I focus on things that make my life better & the lives of others better. I see my different sources of energy as:

1. Mental

2. Physical

3. Emotional (relationships)

4. Spiritual (not in a religious sense)

Principle #5 = FOCUS ON OUTPUTS & OUTCOMES

Outputs = what you produce e.g. sell 1000 books, take 500 students through a course

Outcomes:

1. Financial (jobs, profit)

2. Natural (land, air, waste)

3. Physical (Shelter, clean energy, water supply)

4. Human (skills, leaders)

Principle #6 = SUBTRACT RATHER THAN ADD TO SOLVE PROBLEMS

When I have a problem in my life, I used to say, "What extra thing do I need to solve this problem?"

I've found that a BETTER QUESTION is asking, "What do I need to remove that's painful, a waste of time, or a bad habit that's causing me issues?"

So I stopped. I subtract a problem rather than added in something else.

I now, in my business do just 4 things:

1. Present Programs

2. Create Programs

3. Sell Programs

4. "Give"

Principle #7 = KEEP LEARNING

Check out TED talks, Podcasts, Youtube or even renting books from libraries that are all 100% FREE.

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