Tuesday 15 March 2016

Olubunmi Akinyemi - Starting Your Own Business and the Risks Involved

Olubunmi Akinyemi didn’t let the potential risk of starting his own business keep him from living his dream. He has always been interested in physical fitness and athletics, and now he owns his own fitness company in Atlanta called Jungle Fitness. Jungle Fitness matches clients with excellent personal trainers who prepare and execute proven and effective personal fitness programs designed to help clients reach their personal goals. Starting your own business is risky for many reasons, but the payoffs can be huge.

Businesses are essentially risky investments that you have to manage and build on your own. To start most businesses, you’ll need capital, or startup money. Olubunmi Akinyemi founded an IT procurement and business consultancy firm in his native Nigeria with what little seed money he could get and only after he re-invested in his business and took additional risks did it succeed. Obtaining capital and making it work for you to create profit is where the risk comes in. Many people take out business loans from banks in order to start their business. If you can’t make at least the principle of the loan back through your business, you’ll be in serious debt. Olubunmi Akinyemi was able to create success for himself with hard work and preparation, plus a little luck.

Olubunmi Akinyemi has created opportunities for employment at his Jungle Fitness business in Atlanta for skilled personal trainers over the years, and he has helped people get in better shape as a result of taking the risk to start his own business.