Please Introduce Yourself?
My name is Omobolanle Adenle and I’m the CEO of Bola Fashion Empire and Cheapest Boutique.
What does your business entail?
I am a fashion entrepreneur, I empower small and medium scale entrepreneur pitch their own fashion line with little startup capital through my empowerment fashion line “Cheapest Boutique” which emerged from Bola Fashion Empire.
How long has your business been in operation?
The business has been in existence for 6 years now.
What is your educational background?
I am a graduate of Linguistics and African Languages from Obafemi Awolowo University in Ife, Osun state, Nigeria. I completed my secondary school in Oshogbo International School in Oshogbo Osun state and I completed my primary and secondary school in Unique Kiddies Academy in Oshogbo, Osun state Nigeria.
Is your business success a result of your formal education?
Not totally, my formal education granted me exposure to some basic communication skills as a trained linguist, which is relevant in communicating with my target customers as a fashion entrepreneur.
Formal education is a key as a foundation for every other knowledge and skills that we will acquire in life. Formal education widened my horizon to see possibilities and opportunities that I may never discover if I wasn't literate. My formal education grants me access to global information which granted me access to keep reaching out to my global world with my products and services. I never studied anything in line of business in any formal institution but I applied the business knowledge I acquired informally to my formal knowledge to birth a successful thriving business.
What is your prior work experience?
I've always been a serial entrepreneur since a very tender age and I have no work experience with any company or organization before, because I've always been working as my own boss.
I started my serial entrepreneur journey as a kid, before I was 10years old I started cat walking for an awaiting crowd after schools and I get paid with lots of sweets and chewing gum, professionally, I've worked as a mobile hair stylist for a while and later switched into bead making business, I wrote articles for bloggers for a while, I did ushering work at events at some point in time, I draft patterns for fashion designers at some point in time.
I later dive into Fashion business which is one of my strong passions that I'm presently into at the moment. I was actively into importation business in year 2013 to 2017 and taught several people how to start a profitable importation business with little startup capital but I presently focus more on the sales of imported items than training through my manuals. I've handled several Social media marketing works for people and I'm still fully into social media marketing works and business consulting for small and medium scale entrepreneurs.
What inspired you to go into this line of business?
Fashion has always been my passion since I was a kid. When I was almost 10 years old, I use to catwalk for an awaiting crowd after school hours and I get paid with lots of sweets after my fashion parade.
I grow up to learn anything in area of fashion faster and very easily. Presently I'm into sales of both imported and locally made fashion items at the most affordable resalable factory rate which I use to empower students, workers, graduates, youth corps in Africa to kick-start their own profitable fashion business thereby eradicating poverty and unemployment in my own little way.
What inspired me to start with is the passion I have for fashion business, I love beautifying people physically which was why I could stand the test of time when cash was not showing up in the early stage.
What birth “CHEAPEST BOUTIQUE” is the outcry of young ladies and guys like me who wish to break free from poverty and has passion for fashion but lacks knowledge of how to translate their passion into cash.
I source for both locally made goods and imported goods at the most affordable resalable factory rate to help them pitch their own profitable fashion line with little startup capital and grow it over time thereby eradicating poverty in Nigeria and Africa in my own little way.
How did you raise the initial capital for your business?
I translated my skills into money and raised my initial capital from the money I made from my mobile hairstylist business and bead making business that I was doing as an undergraduate of OAU.
I saved up the little money with me and went to a local market to source for goods with my #5000, I bought few brand new made in Nigeria wears, took it to female hostels on OAU campus to sell them shamelessly, I made almost double of my initial capital and bought more stock which went on for a while till I had enough money to learn importation business and I include importation of fashion items, I dived into other business from my gains and God enlarged my coast from being just an online seller with no physical store to a mega offline and online wholesale and retail outlet because I despised not the days of little beginnings.
What challenges did you face in starting up your business?
I started with absolutely nothing and had to sacrifice my time to engage the skills that I've acquired overtime to generate the money I need to get started without borrowing from any soul which was very challenging as an undergraduate who was struggling to balance business and academics at the same time.
Raising initial startup capital can be challenging for people like us with no source from anyone yet we choose not to be limited.
How did you handle those challenges?
I did not see them as challenges but a stepping stone to greater height which gave me the strong drive to go ahead even in the midst of obstacles, I was open to every new legitimate opportunity to make money and I was determined to make a success out of my life and pursue all my dreams regardless of my background and what I have at hand.
How has social media influence your business?
Social media influenced my business greatly, I had no physical outlet where I sell my goods till early this year because I had little or no reason for that, I sell out most of my stocks on social media and few offline because I was able to build a credible brand through trust over the years in the hearts of people who never stop sending referrals to me.
In my hostel as an undergraduate, people come from different states to buy whatever they need from me through my adverts online and most people care less about your physical store but focus on what you have for sale.
Through social media I export and sell out my stocks to people in other countries in Africa and other continents of the world that have never met me in person yet social media connected us and business is moving and going global daily.
Have you ever experience business failure?
Yes, at a point in my little entrepreneurial journey.
I've failed in different aspects which includes proper branding of my products, faster and safer delivery of my products, quality over quantity and many more that is molding me to a better brand every day.
when I tried all my effort and money was not forthcoming it looked as though I have failed and almost gave up at some point then I invested my money in books, training and seminars to learn from people that are ahead of me and doing better in business which pulled me back to success and each time challenges seems to rise up in my business I know that there is always a way out.
What can you say about such experience?
It is molding me to a better brand per day.
What are the rewards of this business?
Impact, Value and empowerment is one of the key rewards of this business, the joy of lifting others up from the shackles of poverty and empowering them to be self employed is unquantifiable and I hope to do more which is why my store is presently the only Nigerian based fashion store that focuses more on empowerment than the gain.
Money is one of the rewards that come from my business and the joy of being able to translate my passion into cash is a reward in itself.
How many employees do you have?
What is your long-term vision for the company?
To build a global Fashion brand that empowers SME across the globe to pitch their own fashion line with little startup capital where people from any part of the world can walk into and get quality for less at the most affordable resalable factory rate.
One of my visions is to build an offline and online store that is similar to alibaba and Ali express in collaboration with foreign investors to make Nigeria a global world market. Beyond Fashion I'm incorporating gadgets, electronics, home and office equipment and several other quality stuffs that will be made available at the most affordable factory rate.
I hope to make Bola Fashion Empire a global luxury brand for the high class while Cheapest Boutique caters for the need of the middle/low class and sme across the globe. I hope to have a Fashion University in Nigeria with teachers from across the world to train people in different department such as Tailoring, Textile design and production, Shoe Making, Hair Department, Leather production, Jewelry and accessories department e. t. c with certification that will match BSC certification in any course across the globe.
What do you enjoy most about being an entrepreneur?
I love the fact that I am my own boss and set my pace by myself, I can allot time for self development and thinking that will birth more action, influence, impact, value and more money.
What are the most important characteristics a person needs to be an entrepreneur?
Determination, Doggedness, Hard work and Ability to focus on one right thing unto a conclusive end.
Do you believe there is a winning formula for becoming a successful entrepreneur? What is yours?
Yes there is, hustle pays nobody's man's bills but God who gives grace to make wealth therefore the God factor must not be neglected as we work hard as entrepreneur if we desire speed.
How do you balance your work commitments with your personal life?
Balancing work and personal work can be hard sometimes when you are an entrepreneur yet I don't joke with my personal time for myself and my time for work.
The more time I spend adding value to my personal life, the more my worth is increased in the marketplace therefore I always make time out to improve myself spirit, soul and body.
Who is the one entrepreneur to be your greatest example and inspiration?
Oprah Winfrey inspires me a lot and she challenges me to reach for the stars
If you have one piece of advice for someone starting out, what will it be?
If you want to go into entrepreneurship to experience the excitement entrepreneurs experience, find a job instead, because no one tells you what happens behind the glamour you covet, there's a price of hard work, consistency, doggedness and commitment to be paid.
Everything does not have to be perfect and we'll figured out before you get started, when you get started you will realize all the potentials embedded in you, what you have is enough to get started if you can engage your brain to think.
Trust in the Lord with all your heart and in all your ways acknowledge him and he will direct your path in everything you set your heart and hands to do.
What is the best business advice(s) you ever received?
“What you have is enough to get started”
How can people get in touch with you?
Business name: Bola Fashion Empire, Cheapest Boutique
Operating Address: 23,Woleola Estate, Ogoluwa, Oshogbo, Osun State, Nigeria.
Facebook Page: Cheapest Boutique, Bola Fashion Empire
Instagram Page: @cheapestboutique1 and @bolafashionempire
Facebook Group: Business Men And Women Worldwide
Email Address: email@example.com
Over To You
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