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Home Hustle life

How I became A Millionaire At 19.

Journey To Entrepreneurship

Olakunbi-Black Tioluwalogo by Olakunbi-Black Tioluwalogo
June 7, 2021
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How I became A Millionaire At 19.
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At 19, I became a millionaire. A year later, I couldn’t recharge my phone on my own. In fact, the attached video represents what my life was a year after my first million. 

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Every Sunday in 2013, on my way from church, there was a billboard that always caught my attention. It was a post-sermon message for me; something on becoming a millionaire by 21.

I loved that! But you see, there is a difference between becoming a millionaire and staying a millionaire. Like Morgan Housel loves to say:

“Getting rich is hard. Staying rich is harder.” No lies there. 

Life was good to me, my wish came earlier than expected. I applied for a pitching competition with a grant of NGN 750,000 for the winner. After my pitch, I guess the panel was super impressed, the grant was increased to NGN1,000,000. Goal achieved! Millionaire at 19🎉

What was the idea? A refined approach to local fries:

– Local fries served with corned beef sauce and grilled turkey

– Akara Burger; round loaf stuffed with akara and prawn sauce (inspired by acaraje servings of Brazil)

I was excited! Everyone was also excited!!

The first lessons you can learn from my experience are:

“Excitement does not sustain a business, understanding how to run a business does.” 

“There is a difference between the idea and the business of the idea”

 

By @A_Feranmi

Tags: African EntrepreneursAfrican StartupsBusinessEntrepreneurshipGrantsmillionaireSmart TipsSmartpreneurSME FundingSMEs And StartupsYoung Entrepreneurs
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Olakunbi-Black Tioluwalogo

Olakunbi-Black Tioluwalogo

A Professional Media, Entertainment and Marketing Technology executive with over 8 years’ experience in broadcasting, film making, advertising and marketing communications. Currently working at Emblue Africa as the Business Lead, Growth & Operations where my interest is in using technology and culture to aid media production and/or distribution as well as marketing execution. PhD student at School of Media and Communication, Pan Atlantic University, Lagos, Nigeria.

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