A digital business expert, Dr Adebola Akindele, on Monday counselled entrepreneurs to secure patent rights for their intellectual properties.
The News Agency of Nigeria (NAN) reports that the GAGE Award is an annual award that spotlights the most innovative individuals and brands in the digital space in Africa.
According to Akindele, entrepreneurs are managers of resources and they must know how to create growth in the midst of chaos.
“In a system that is very established and settled, you can hardly find opportunities to grow. The importance of chaos and dysfunction to entrepreneurial thinking is key.
“Originality is key, and if the value of your solution is good, you won’t need to depend on any godfather, irrespective of the government policies put in place.
“On patent rights to intellectual properties, every entrepreneur must not only build ideas and solutions, but they must make sure they have their intellectual property documents recorded by the Corporate Affairs Commission.
The expert advised that technology should be used to fill gaps and resolve inefficiencies as entrepreneurs, “as challenges would come, and failures would also happen”.
He emphasised the importance of gaps and overlaps, stating that gaps were the enabling factor in determining where inefficiencies are.
“What you need is to have one or two of your business ideas to ‘blow’ and you are good to go,” he said.
Akindele encouraged entrepreneurs that inefficiencies, when solved, becomes business success.
“One’s business model must have the potential to expand and this lies in the gaps and inefficiencies the business is able to fill and solve,” he said.