CEO and cofounder of Nigeria-based peer-to-peer lending platform Sycamore.ng, Babatunde Akin-Moses, has explained why starting a new business is like nurturing a baby, requiring devoted attention at “creche” stage.
Babatunde made the analogy during an interview with Youth Art Initiative where he shared his entrepreneurial journey and the learning opportunities that contributed to his career development.
What does this mean:
According to the CEO, starting a new business can be overwhelming because, like nurturing a baby, a baby at birth becomes a mother’s foremost priority in terms of attention, money, care amongst others.
Babatunde, during the interview, further noted that running Sycamore.ng has been overwhelming, a situation he explained to arise from the inevitable pressure usually mounted by vendors, customers, and co-workers alike.
He said: “The entrepreneurial journey is very interesting and adventurous I must confess! Starting a new business is like nurturing a baby – you know how babies require all your attention initially. So that’s how it is – taking up all my attention and learning along the way (at least until we grow).
“It can feel overwhelming sometimes as there are so many people counting on you – customers, co-workers, vendors, etc.,” Babatunde added.
What you must know:
- Sycamore.ng is a peer-to-peer lending platform.
- The Babatunde-led startup connects lenders and borrowers (be Individuals or SMEs).
- The Fintech company will be 2 years old in March 2021.
- Babatunde Akin-Moses is a chartered accountant with a first degree in Economics.
- Babatunde bagged an MBA from Lagos Business School (LBS), and has, prior to founding Sycamore.ng, worked at Shell, KPMG, PwC and Pezesha.