Afripreneur
Helping a friend to acquire her first home ignited my interest in real estate – Ayodeji Kehinde
Ayodeji Kehinde is a real estate entrepreneur and founder of KFAO Corporates Services, one of Nigeria’s leading real estate and brokerage firm. She prides herself in her passion and heartfelt drive to serve her clients’ best interest. Ayodeji is dedicated, knowledgeable, and committed to finding the perfect fit, whether space for residential or office/commercial, for her clientele. Naturally, she loves the subject of architecture, designs, property and environment. In this exclusive interview with Alaba Ayinuola of Business Africa Online, Ayodeji shares her entrepreneurship journey into the real estate industry and how she is helping her clients acquire their dream properties. Excerpt.
Alaba: What makes KFAO Coroporates and Formidables standout?
Ayodeji: Integrity is key in whatever one does and that is our core value! Buying Real Estate is not like every other goods you see on the shelves you point at and you make payment. Real Estate involves Due Diligence. When you allow lack of integrity and accountability take over you as a Real Estate Service provider, then you are close to doom.
At KFAO and Formidable Corporate Partners, we are dedicated to providing world-class service and market-leading expertise to our clients. We are passionate about providing the extra value that others simply will not when it comes to due diligence with integrity and accountability.
When you approach us with your products as a developer, we do not rely on the documents cited, we go extra miles to verify and do searches on the property and where we found that the properties are in the handcuffs of government or any other encumbrance, be as it may, we back-out even when money has exchanged hands, we refund.
A whole lot of properties are out there being sold by some other brokerage firms without due diligence. Some would after finding out the property isn’t good to sell, still go ahead thereby putting investors’ funds to waste. We are not keen about what money we want to make but the security of our investors’ funds is our concern.
Alaba: What are the 3 things that excites you about the real estate industry?
Ayodeji: In simple terms; Money, Meeting people and Solving people’s housing need.
Alaba: If you had the ability to implement 3 ways to improve the industry, what would you suggest?
Ayodeji: In Nigeria, the most important document to property buyers and landowners which is the Certificate Of Occupancy , C of O as it’s called has become very difficult to get. The document is issued by the state governments in Nigeria and verifies that you own the land or property in question. Property purchased without a Certificate of Occupancy is the equivalent of purchasing a vehicle without a logbook.
As a Nigerian landowner or property owner, this is not the kind of situation you find yourself. The administration is faulted. Understanding the top skills for those that want a career in Real Estate can be helpful hence the need to get a handful of skilled labour.
If I had the opportunity to reform the Nigerian Real Estate Sector, the above are what I would face squarely and make sure I achieve them.
Alaba: Why should property buyers engage a professional realtor?
Ayodeji: You might be far out of your element when it comes to reviewing and understanding the multiple documents involved in a real estate deal. You should have a thorough understanding of what you’re getting into regardless of whether you’re buying or selling. Purchase agreements alone can top 10 pages.
A realtor will be far more familiar with all this paperwork than you are. Consider this if you’re still thinking about saving money: Some mistakes or omissions in these documents can cost you as much as that commission you were trying to avoid paying or even far more.
For those looking out to get a realtor, I’ll advise they don’t get weary of what’s going to cost them but look out for the expertise like we have in KFAO and Formidables which is a sure security for their investment.
Alaba: What are some common myths about working in your industry?
Ayodeji: “You don’t need them to get a property”. Yes you can sell your home without an agent? In fact, you can even buy a home without them. Many underestimate the value an experienced Realtor / Broker like KFAO and Formidables can bring to them.
The truth is, Realtors/Brokers have a duty to put your best interests in the transaction at the forefront. They can provide you with knowledge about the current market conditions and use their expertise to negotiate the best deal for you. You can trust us in that aspect. We ensure that you have all your ducks in a row regarding paperwork and walk you through the process.
Another myth is “If Your Home Isn’t in Great Condition, No One Will Buy It”. It’s true that some remodeling projects can increase your home’s value. But if your home is outdated or needs major repairs, it doesn’t necessarily mean no one will want to buy it. The Truth is that there are people that only buy homes that are in poor condition and require updating or major repairs. These are typically local real estate investors and professional home buyers who update and renovate properties as a business. If your current home needs some work, consider selling the property to a professional home buyer.
A common seller myth is that offering a lower commission will net more money. What this will do is cause agents with the most qualified buyers to go to the higher listed commission properties first and show the lower commission properties with less enthusiasm. The result is that fewer interested buyers will see your property and fewer cooperating brokers will show it, and the longer your property stays in the market, the more frustrated you become and you might end up selling on distress.
Alaba: How are you thriving as a real estate entrepreneur and a mum?
Ayodeji: Let’s face it, women must play many different roles at the same time. Being a mom, partner, friend, sister, daughter not to mention employee or business owner or household manager requires multitasking and prioritization skills or else you won’t be able to do it all. As a Real Estate Entrepreneur and a mother, the ability to manage my time effectively has always been my saving grace.
Alaba: What skill do you think all women should learn and why?
Ayodeji: Women today are blessed with many opportunities to explore their passions and make their mark. You can be a homemaker, lawyer, programmer, or whatever you so desire. You can get married if and when you choose, to whom you want, and have a family that takes many forms. The options abound. At the same time, though, as a woman, you can face unique challenges and barriers to getting what you want.
Financial skills to me are the most paramount I’ll want all women to have. Learning the basics of simple addition, subtraction and multiplication is essential and the reason being that this will help you with all the financial skills you need to create a household budget and live within your means, manage all resources at your disposal. Master the art and science behind investing and building your wealth. You’ll be set to live comfortably now and save for retirement.
Goal setting skills are mandatory in the business world and life. You can’t get what you want unless you envision it. Give yourself the space to dream and imagine what you want. Then, be able to identify priorities and tactical plans to make things happen.
Alaba: Do you have a specific advice for women wanting to get into real estate?
Ayodeji: What has really helped me this far as a Real Estate Entrepreneur is the fact that I had always wanted to be in a position where I could really own my time and space and drive my own business. You’re only going to be successful in real estate if you want to have the sales skills and entrepreneurial drive to build your own brand and always be available to book businesses. For every woman that wants to be a Real Estate Entrepreneur, my best advice is that they must have an inexhaustible desire to see success irrespective of the challenges encountered.
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Afripreneur
Omar Ngom: Creating an elite group of chefs in Senegal
Omar Ngom is a Senegalese entrepreneur, founder of Sama Chef, the first school that trains chefs in Senegal. Located in the residential district of Mermoz, Sama Chef is an institution that marks a turning point in the training of Senegalese chefs.
Head chef of the restaurant “Séku bi, Il Pappagallo Dakar”, Omar stands out for his innovative approach. He collaborates with renowned international chefs, which allows him to offer unique masterclasses, transcending culinary boundaries. This revolutionary method elevates Senegalese cuisine by fusing it with international influences.
With several years of experience acquired in Italy, Germany, Switzerland and France, including as chef of the famous Italian restaurant “Il Pappagallo Hotel Sekubi”, Omar Ngom took the initiative to create this school of excellence in his native Senegal. His motivation stems from the observation of a growing demand for chefs in the restaurant sector in Senegal.
Sama Chef’s mission is to create an international school of professional training in the culinary and catering sector: the ultimate goal is to create an elite group of chefs, kitchen assistants, waiters, and waiters who are in turn able to pass on the know-how they have acquired.
A shortcoming that he decided to fill by providing a solution in order to prepare Senegal to be established in the gastronomic pantheon. Omar Ngom’s prowess quickly attracted the attention of renowned media outlets such as Le Monde newspaper, Reporter Gourmet, Italian TV channel and other media outlets. By opening this school of excellence, he has not only blazed a new trail for culinary education in Senegal, but he has also erected a pillar for the influence of Senegalese cuisine on a global scale.
Afripreneur
Vanessa Toh: Building Payroll Management System For French Companies
Vanessa Toh, Founder at Payeline (Image: Supplied).
PayeLine is a self-employed company created in 2023 by the entrepreneur Vanessa Toh and specialized in administrative and payroll management for French VSEs and SMEs. It is an innovative company that helps you facilitate the day-to-day management of your business.
With a professional degree in payroll and personnel administration and 13 years of experience in French and foreign payroll, Vanessa decided to put her skills at the service of companies as a freelance payroll and personnel administration consultant. Its aim is to facilitate the day-to-day management of companies so that they are free to focus on the essentials of their activities.
Indeed, the growth of a company can be profoundly disrupted by the constant changes around legal obligations and the complexity of payroll management. With Payeline, the founder offers these VSEs and SMEs customizable solutions that can be adapted to the specific needs of their company.
Opting for Payeline means choosing to alleviate the pressure related to compliance and legality with regulations. You benefit from efficient management in the calculation of payroll and a significant time saving to focus on the most important thing: your growth.
Payeline offers, among other things, Payroll & Declarations, Administrative Management, Payroll Auditing and intervenes within companies for missions to replace payroll managers who are absent or in the process of being recruited, as well as for interim management. Many large companies have already placed their trust in him, including Groupe Bertrand, Aviv groupe, Doctolib, Back market.
Passionate about innovation and an entrepreneur at heart, Vanessa attaches great importance to the well-being of each customer and makes it a point of honor to offer offers adapted to each need for optimal comfort.
Afripreneur
Exclusive with Techbeaver CEO, Shina Arogundade
Shina Arogundade is the CEO and Co-founder of Techbeaver, a dynamic development shop with a venture studio. With the primary focus to assist businesses in the development of their products, which include websites and mobile apps for both Android and iOS platforms. In this Interview with Alaba Ayinuola of Business Africa Online (BAO), Shina shares how Techbeaver is providing comprehensive support in product strategy and design, offering end-to-end solutions for companies that require efficient and rapid product development, especially non-technical companies and more. Excerpt.
Techbeaver and Its Solutions:
We craft seamless, responsive, and customer-centric products, and we consider this careful planning and mapping process to be the foundation of our building phase. As part of our venture studio, we have a talented pool of developers. In utilizing our depth of talent and engaging with the day-to-day challenges we observe, we have also embarked on creating internal products and appointing operators to oversee their management.
Currently, we have two internal products, with our most prominent one being MyItura, a revolutionary health tech app that caters to a wide range of healthcare needs. Think of it as Shopify for healthcare providers. Our second internal product is still in stealth mode and is one we are confident will have a major impact once we go to market.
Inspiration Behind Techbeaver:
Techbeaver was born out of a personal experience that I encountered. In my previous venture, we faced significant challenges in the development of our products. Customers and investors expressed dissatisfaction, prompting me to seek assistance from my lifelong friends and former roommates, Michael and Deolu, who both possess exceptional development skills.
However, it quickly became clear that their expertise came at a significant cost, especially considering their geographical locations (Deolu in the UK and Michael in the Netherlands). We collectively decided to explore alternative solutions, which ultimately led us to establish Techbeaver.
Our vision was to establish a company where Deolu and Michael, as senior developers, could mentor and guide junior and mid-level developers. This not only allowed us to deliver high-quality products to our clients but also presented an invaluable opportunity for our junior developers to learn and grow by adhering to global standards. In 2022, Techbeaver officially came into existence.
Thoughts on Digital Transformation:
Innovation has been a constant driving force for humanity. We continuously strive to discover new ways of doing things, seeking improvement, simplicity, and recognition for our achievements. This desire for progress has led us through various ages, from the stone age to the modern age, and now into the technology age, where concepts like blockchain and AI are becoming increasingly relevant.
Back then we talked about inventions; now inventions are over and we’re talking about innovations in areas such as machine learning, AI, ChatGPT, generative AI, and many others. However, it is important to acknowledge that technology adoption remains very low, especially within Nigeria. Before speaking into the impact of AI and related technologies on other parts of the world, it is important for us as Nigerians to recognize and address our own low adoption rates. There is much work to be done in terms of driving technology adoption within our society.
It is often discussed how AI may lead to job losses and reshape industries, but just as humans have proven their ability to adapt and survive, I am confident that we will adapt to these changes as well. Our greatest asset as individuals lies within our minds and our capacity to think critically, learn new skills, and embrace new trends. We are witnessing people of all ages, even the elderly, engaging with technologies like ChatGPT and actively pursuing knowledge in these areas.
People will learn, companies will adapt, and organizations will utilize the latest technologies to build what suits them best. However, we need to focus on driving technology adoption and providing access to the internet and computer literacy for all, including children who currently lack these resources. It is only by actively pursuing adoption that we can fully explore how technology can positively impact our society.
Business Outcomes Startups can Expect by Leveraging Techbeaver’s Solutions.
In terms of business outcomes for companies that work with us, there are two key aspects to consider: the technology side and the non-technology side.
On the technology side, our team of developers works on multiple projects across various sectors, such as finance, healthcare, advertising, food, and ride-hailing. This diverse experience allows us to bring valuable ideas and expertise to our clients. We have the ability to build faster and more reliable systems by leveraging new technologies and creating state-of-the-art solutions.
Additionally, our experience working with companies both within and outside Nigeria, including the US and Kenya, gives us valuable knowledge of different demographics, local laws, and market dynamics. This knowledge enables us to tailor our products to specific regions and advise companies on the best strategies for technology adoption and scaling.
On the non-technology side, our experience allows us to assist companies in the most cost-effective ways to build reliable systems. We also provide guidance on financing, product strategy, and product marketing.
One of the notable advantages of working with Techbeaver is our speed of delivery. We pride ourselves in our ability to meet deadlines and complete projects efficiently. Whether we commit to a three-month or six-month timeline, we consistently deliver high-quality solutions within the agreed-upon timeframe. We have successfully completed web apps in as little as 3-6 months, depending on the complexity of the project. Our clients can rely on us to be a fast and reliable team.
Biggest Challenges with Startups in Nigeria:
Startups in Nigeria face several significant challenges, including finance, market dynamics, and talent acquisition.
Finance is a common issue for startups in Nigeria. It can be difficult to secure the right funding and navigate equity arrangements. Understanding how to structure equity and debt arrangements and finding investors who are genuinely interested in supporting startups can be a complex and time-consuming process.
The market presents another major challenge. Many businesses struggle to enter the market successfully, and their initial expectations may not align with the reality of customer demand. Product strategy plays an important role in addressing market challenges, as startups need to build products that meet the specific needs of their target audience. Additionally, what works in one part of Nigeria may not work in another, and expanding to other countries may require unique approaches.
Talent acquisition is another challenge. Startups need to find the right individuals who possess the necessary skills, take initiative, aren’t just about their salaries but are driven to contribute to the company’s growth. It can be challenging to find talent that aligns with the startup’s goals, values, and company culture.
The reason I have been able to navigate through these challenges is as a result of the amazing communities I belong to – who are constantly rooting for me. It is important for startups to tap into supportive communities. Building strong networks and seeking guidance from experienced individuals who genuinely want to see you succeed can be invaluable.
Why it is Critical for Businesses to Think like a Startup?
The question on the difference between a startup and an SME has been thrown at me a couple of times. The distinction between these two lies in their growth aspirations. Startups are built for rapid scale and aim to achieve in a few years what might take an SME several decades. Startups seek to quickly grow their customer base, attract investments, and expand their reach. By thinking like a startup, businesses can set themselves on the path of rapid growth and impact.
In Nigeria, we need more companies that think like startups. Scaling businesses at a faster pace allows for greater economic impact. Just as the music, entertainment, and creative industries have contributed significantly to the economy, the technology sector also has immense potential for growth and impact. By building startups that operate globally, earning revenue from outside Nigeria, and bringing those funds back to the country, we can add substantial value to our economy.
Thinking like a startup involves building products and services that cater to a global market, adapting to different regions’ needs, and creating solutions that improve the lives of millions. It requires a mindset focused on scale and continuous innovation. If businesses embrace this mindset, they can position themselves for sustainable growth and become key players in their respective industries.
Techbeaver in the Next 5 Years.
When we started Techbeaver, our goal was to build a Nigerian company with global relevance. We aspired to create products that would be used globally and have a positive impact on people’s lives. Over the next five years, we will continue to support businesses in building relevant and seamless products that make their operations easier and more efficient.
In addition to our client-focused work, we are passionate about our internal products. These products align with our values and have a positive influence on our immediate environment. Our aim is to build products that will remain relevant for years to come, regardless of the sector they operate in or the specific challenges they address.
This is where I see Techbeaver in the next 5 years.