Many people believe the biggest problem facing Nigerian startups is lack of capital. In this episode, John Paul, founder of Activator HQ (formerly Small Starter Africa, challenges that belief and explains why knowledge, skills, and experience matter more than money when starting and scaling a business.

In this conversation, we discuss:

Why taking a bank loan to start a business can destroy you early

The real reason most Nigerian startups fail within 5 years

The difference between running away from a job and running toward entrepreneurship

Why apprenticeship builds stronger entrepreneurs than shortcuts

How to transition from corporate life into business without crashing

The “Valley of Death” every entrepreneur must pass through

If you’re a founder, aspiring entrepreneur, side-hustler, or professional thinking of leaving your job to start a business, this episode will help you rethink your strategy before making costly mistakes.

Watch till the end, share your biggest takeaway in the comments, and subscribe for more honest conversations about business, entrepreneurship, and growth in Africa.

How do I register a limited liability company in Nigeria online?,

What are the best mobile payment platforms for small businesses in Nigeria?, Where can I find business networking events or platforms.