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DOYIN Adewola and His Box Office Incubation Revolution in Abuja


The Box Office  Incubator boss, Doyin Adewola is in the house! (Applause by me). The Box Office Incubator is the biggest business support idea in Abuja and this young man is blazing the trail and accommodating over 80 organisations and numerous employees.
He particularly believes that Business owners must take good care of their employees. He says they are human beings first before they are resourceful.

Enjoy our chat and drop a comment....

PLEASE INTRODUCE YOURSELF AND YOUR BUSINESS
I am a Civil Engineer by training but am naturally drawn towards entrepreneurship and business development. I have explored different ways of expressing my talents in the Nigerian Business Sector and my sincere desire is to see a Nigeria that favours entrepreneurship which will greatly benefit the attainment of Nigeria's economic development goals.

In December 2012, I launched Box Office Incubator to incubate and offer much needed business support to small and growing businesses as well as upcoming entrepreneurs. Our technique entails the provision of affordable, fully serviced and furnished office space alongside business support, development and advisory services. Within 2 years of our business operation, Box Office Incubator has grown to support organizations like the British Council, Abuja Enterprise Agency, Vic Lawrence and Associates, African Women Entrepreneurship Program, Paradigm Initiative Nigeria and over 80 unique businesses currently domicile in Box Office's Incubation Centres at Wuse II and Jahi Abuja.
My vision is to grow Box Office Incubator into the Africa's leading incubator, giving support and enhancing the growth of a wide range of small innovative businesses and start-ups.

WHAT ARE YOU WORKING ON NOW?

Presently, I am involved in the daily operations of the business and I continually develop strategic plans to ensure that we achieve set goals. The business is quite young and also very demanding so my interest for now is creating a good foundation for Box Office Incubator.

HOW CAN YOU DESCRIBE YOUR ORGANISATIONAL
CULTURE/STYLE OF BUSINESS?
We work best through collaborations and partnerships. Since business incubation is our core, we do ensure to provide adequate business assistance, linkages and networking opportunities for SMEs.

 

WHAT HAS BEEN YOUR BIGGEST ACHIEVEMENT AS A BUSINESS BRAND SINCE INCEPTION?
Our first major achievement as a brand was securing Abuja Enterprise Agency and The British Council as active partners. Secondly, getting our 1000sqm incubation facility filled to maximum capacity within 2 years was a breakthrough for us. I do acknowledge that these results do not come easy but through perseverance, hard work and support from dedicated staff, partners and loyal clients of the business.

WHAT HAVE BEEN THE RECURRENT CHALLENGES?
Our business thrives more when our Clients (purely entrepreneurs) are successful and remain in business. When our clients face challenges, it affects us a great deal. These challenges range from low entrepreneurship assistance by the government, lack of funding or access to capital, lack of basic infrastructure like power and inconsistency in government policies towards small businesses.

HOW DO YOU DEAL WITH TIMES OF LOW PATRONAGE OR UNCERTAINTY?
I pray and I persevere.

WHAT ARE YOUR OTHER INTERESTS?

I love interest in Automobile, Sports, Music and IT.

WHAT HAPPENS TO YOUR BRAND BY 2020?
In 5 years, I see Box Office Incubator as the leading business incubator in Africa with centres in major cities in Nigeria and all over the African continent.

WHAT DO YOU LOVE ABOUT DOING BUSINESS IN NIGERIA?
Doing business in Nigeria is actually fun if you have the right product or service and if you have adequate knowledge and skill in the industry. The huge potential in the Nigerian economy is enough motivation for me. Nigeria is truly a giant with enormous rewards for those who have insight. 

WHAT DON'T YOU LIKE ABOUT DOING BUSINESS IN NIGERIA?
I think there are not enough support for StartUps and entrepreneurs in general. Everyone seems to be on their own, doing the best they can to survive. The level of development is also very low so we have to generate our own electric power, secure and protect ourselves, source for funds with unfriendly terms, re-educate and train graduates who most times are unemployable.

WHAT'S YOUR ADVICE FOR BUDDING CEOs?
Starting and running a good business is very dynamic, so entrepreneurs need to keep re-inventing themselves to keep up with trends and competition. Hence, continuous technical and management training is crucial for business success in any sector. Business owners must take good care of their employees as they are human beings first before they are resourceful.
That's why H comes before R. CEOs should also understand that customer service is the core and should not be taken for granted. While there are a number of success tips for business owners, I think concentrating on the above would drive any CEO to the top.

ANY OTHER THING WE NEED TO KNOW? Yes, I am married to Victoria and we have a 1- year old daughter called Dara.

Thank you Doyin 


Didn't you enjoy this? Do hit the 'Comment' section underneath.

Comments

Ebere Blessed said…
I find this very interesting. The striking one for me is what he does not like about doing business in Nigeria. I really wish n hope the federal and state government would set up a policy that can handle this, not excluding the financial institutions. However I think with an organization like this an arrangement or partnership could be established and sustained to help startups via certain agencies or bodies. Jenny nice one.

Blessed Madufor
JCBlog said…
Blessed, thanks a lot. I appreciate you!

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