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3 Ways Entrepreneurs Can Predict The Future

3 Ways Entrepreneurs Can Predict The Future
March 15, 2018 admin

As most of us know great things take time, so is building something magnificent or perhaps what will last generations. The idea of using technology as an enabler which results in new and better ways of doing things, creating disruptive innovations and solving social problems can be executed by those who are passionate to solve these problems and will probably predict the future.

Based on a new World Bank report, African urban areas contain 472 million people, and that number is expected to double over the next 25 years. To put this in perspective, this meansAfrica will have 1 billion urban dwellers by 2040. The report further notes that Sub-Saharan Africa cities are crowded, disconnected and costly and If well managed, cities can help countries accelerate growth and open doors to global markets.  I believe this is an opportunity for us to explore in the long term.

So how can entrepreneurs actually predict the future?

  • Analysis to Execution:

An average Nigerian is an analyst, meaning we always have ideas on how to make things better in our community, state and Country but it always end there. We believe the problem is supposed to be solved by some people elected in power “so we end up saying why do I care”? We must move from analysis to execution.

 

  • Staying resilient:

Starting business in Nigeria is hard; we were even ranked 169 out of 190 countries on the ease of doing business. Quite terrible right?  Let’s take a look at  Israel – a country of 7.1 million, only 60 years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources—produces more start-up companies than large, peaceful, and stable nations like Japan, China, and the UK and attracted over twice as much venture capital investment as the US and thirty times more than Europe. Nothing but resilience led to this feat and we can learn from this to of the predict our future.

  • Vision :

One critical traits of an entrepreneur that helps predict the future is the ability see or imagine a new world and been able to clearly communicate a blueprint to get there.

We might not be able to predict the future exactly but we know 2 things for sure: It’s going to be different and it must be based on our actions today.

So if you want to predict the future, and take advantage of our growing population, now is the time to start, we need to start thinking about innovative ways to manage waste, transportation, agriculture, security, phamaceuticals and a whole lot of other things.

Article is wriiten by KolapoOgungbile, Manager, Heartland Incubation Hub,Oluaka Academy,Owerri which is established to solve the problem of inadequate support structure for incubating/accelerating/developing business ideas by young people in the south East region of Nigeria.

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