By Abdulafeez Olaitan, UNILAG
Solopreneurship on UNILAG Campus
Many young entrepreneurs are actually solopreneurs, that is to say they operate entirely on their own, and without support from a team. If they need help at a point, they get freelancers to do some work for them.
This class of business owners are not CEOs, rather are sole traders.
On the University of Lagos campus, the surge in entrepreneurship (or rather solopreneurship) is a testament to the need to continuously equip students with the necessary moneymaking skill. Since this surge can only mean one thing—a means of livelihood.
Students on the university campus offer goods or services in exchange for money or other material benefits.
Nigeria global entrepreneurship index was at level of 20.8 index in 2019, up from 19.75 index previous year. This is a change of 5.33% and the numbers keep increasing.
It is much clearer now that you don’t have to drop out of college to advance a startup. In fact, majority of startups are managed by college undergraduates in a bid to sustain themselves.
Around campus, students engage in different acts of trade like selling edibles, electronic gadgets and their accessories, past questions, fashion materials, and more. Also, some students offer services like writing, editing, website development, photography, or running tutorials. Some even go as far as owning a kiosk on campus or a barbershop or a fashion house.
Solopreneurs are particularly interested in keeping their costs low. That is why you are most likely to find them among young people and students. They take 100% control and no one can ever fire them. The price they have to pay is to continue finding clients and customers.
Abdulafeez Olaitan is the Campus Ambassador for Unilag. He is a writer who served as a delegate of Austria in ECOSOC committee at the 2020 IBMUN conference. Olaitan enjoys collecting quotations and astrophotos.