What problems are you solving?
80 Nigerian scammers working so hard only earned $70m. 23 Nigerians working so hard peddling drugs are on the hanger’s noose in Saudi Arabia. Invictus Obinwanne working so hard on cyberfraud made $22million.
But Echeruo working honestly set up hopStop a company which has been bought by Apple for $1bn (N356 billion). The earning of one honest Nigerian has surpassed the criminal haul of countless fraudsters.
Chinedu Echeruo first came to global limelight in 2013 when Apple Inc. acquired his app for $1 Billion. He built the HopStop app – an online city transit and navigation guide that was scaled to cover 600 cities around the world. It was reputed to aggregate about 5 million users monthly.
Chinedu’s story is a remarkable one – of grit, creativity and an embodiment of the triumphant entrepreneurial spirit. For anyone just starting out on their own paths, or already farther on along the way, there is a lot of lessons to be gleaned from Chinedu’s story.
1. Leverage on a Solid Educational Background:
There are online learning platforms where anyone can take Ivy League courses for free. The key thing is to be able to leverage on such education to do work and build things that truly matter.
2. Aim to Solve Problems:
When Chinedu first moved to New York in 1995, he found it quite difficult to navigate the city. That was a valid problem – similar to the one faced by anyone who’s just moved into a new city. It was a problem Chinedu worked on solving, as he would build an app to do just that several years later.
After Apple acquired his app, Chinedu didn’t exactly buy a yacht and go off to an Island to spend the rest of his days. Being the serial entrepreneur that he is, he continued to build other businesses off of solving real problems.
The lesson here is to always strive to see problems not just as they are – problems, but as opportunities to create solutions that solve them and impact positively on the world. Every successful business endeavors to add value to the communities in which they find themselves in by solving real and relevant challenges