Deciding to start a business of your is one of the most difficult decision you can make. This is because of the challenges that come with being an entrepreneur. However, for Victor Abbah Nkoms, the Co-founder of ChurchBoiz, he was able to surmount these challenges and he is currently enjoying the frills and thrills of doing his own thing. Nkoms talks about this and much more in this exclusive chat.
Tell Us A Little About Yourself?
My name is Victor Abbah Nkoms. I am the co-founder of ChurchBoiz.com. I am from Kaduna state. I Attended Ahmadu Bello University, Zaria where I studied Computer Science.
Can You Tell Us About ChurchBoiz.com?
Churchboiz.com is a gospel music sharing and discovery platform. We launched on March 25th, 2017 and we provide a platform for gospel artists to share their music on one hand and on the other hand, it is for fans to discover and access this music.
What Motivated You To Setup ChurchBoiz.com?
The truth is most of my friend are artists. And some of them are pretty close to me. So I know their struggles on a personal level. Most of them don’t really struggle to record their songs. The problem is after releasing their music. So, ChurchBoiz.com is a tacit response to this problem-To provide a platform for gospel musicians to sell and track their songs.
What Was Starting-off Like? How Were You Able To Secure Funds To Set The Business Rolling?
We are bootstrapping. I and my co-founder funded it from our pockets. Really though, the bulk of the resource that went into the website so far is the time and expertise that we brought to the table. We have other things going on for us with which we use to fund churchboiz.com. I am a freelance web developer, and he has a day job, so we just use that to fund it at the moment.
How Do You Make Money?
We make money by offering premium services to artists. Our basic services are free, which is sharing and discovery of gospel music. However, gospel artists have to pay to enjoy our premium services including promotion for their music. We are also looking to start selling advert spaces to churches and other organizations. The money churches spend on printing posters and handbills that are never read are amazing. People live on the internet these days. And we have just the right audience that they want. In a few weeks from now, we would start reaching out to churches and presenting them our proposals.
Tell About Your Entrepreneurship Experience So Far?
It’s been fun and challenging. It was really hard to shift from this i-am-waiting-for-salary mindset to know that if I don’t get things done, I will go broke and that nobody is there to force me to work or threaten to cut down my pay if I don’t work. My vision has to be my only propeller. It’s been fun all they way, generally speaking.
What Do You Consider The Gains And Challenges of Being An Entrepreneur?
For starters, you are your own boss, which is definitely great. The earning potential is definitely higher and we need to realize the fact that more can be earned through owning a business than through being an employee. We should also realize that an entrepreneur can become successful faster and he/she gets to hire people instead of being hired. For a college graduate, it is definitely interesting to be the boss. It is an experience that is quite different than what happened in college. Going through something new is definitely attractive and this can be invigorating. Also, a lot of people love working a lot, which is necessary as an entrepreneur. You will not get a regular monthly salary. How much you make will depend on how good business is. You risk losing everything you have worked for. Some of the most successful business owners have failed before, but of course, you can always make a comeback. Successful business owners have all failed at some time in their life. As an entrepreneur, you will have to learn a whole lot of new skills. You can fast track this by attending business courses and consulting a mentor or good business advisor.
Any Advice For People Who Are Considering Entrepreneurship?
The most important advice for me is, don’t ever be driven by money. Be driven by your vision. But don’t neglect the business. And learn to be self-motivated. Nobody is going to punish you for not working, so you have to learn to motivate yourself.