I Failed JAMB And Many Of My Businesses Failed – Akin Alabi, Owner Of NairaBet Gives Business Lessons

For many people, failure of any kind in any of their life endeavors is a killer but for Akin Alabi, CEO of popular betting platform NairaBet, failure is a teacher and a launchpad for a success.

According to him, he failed JAMB and many business that he tried to start failed until NairaBet was able to flourish. This he shared in a series of tweets.

If they call that one death senstence, what do they want those of us that did not pass JAMB to do?

Both his printing press and travel company failed, but because NairaBet is a success, people have forgotten the failures and now are talking only about his success.

I’ve launched many businesses that failed. I published a sports paper, it failed. Published a business paper, it failed. Had a printing press, failure. Had a travel company, it failed. And more. No one talks about them. They talk about @NairaBET. The one that succeeded.

If you launch 100 business in your lifetime, 80 of them will fail. About 10 to 15 will drag along. About 5 will succeed. No one will care about the ones that failed. They will talk about the succcesful ones and say you have the Midas touch. Whatever you touch turns into gold.

Failure is normal in business. I don’t care what your pastor or motivational speaker is telling you. It’s normal to fail. It’s okay to fail. Just keep learning from your mistakes until you get it right.

I know I will still fail again. That’s for sure. Funny thing is I get excited when I fail. I would have learnt a valuable lesson in the process. FAIL FAST is one of my favourite sayings.

I repeat. You will fail 8 to 9 times out of ten. The beautiful thing is that when one succeeds, JUST ONE, it will wipe away the losses you suffered from the failures. The financial losses. The emotional losses. Everything. They come back in multiple folds. Baba restoration aye.

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