I realized I didn't want to build and grow a business, I just wanted enough income to live comfortably

I love dance and music.  My idea was to start a performance school for teenagers and then franchise it in Lagos. I rented the space and started advertising on social media. I was surprised by the reaction; within a couple weeks, I had three full classes.

The economics meant that each full class generated about $3000. So if I have 10-12 classes I would be able to live very well and I would be working less than 25 hours a week. I could use the rest of my time to write songs.

My uncle offered to lend me $25K to open more studios. I thought long and hard about it. I realized that I didn’t really want to build and grow a business. What I wanted was income that would allow me to do the things I loved. My parents were upset. They called it a hobby and not a job. In the end, I was very happy with a hobby. I didn’t have the passion or will to start a business that would take over my life.

She said if I had passion the question of whether I should start a business wouldn't be an issue

I was 43 years old when I decided I wanted to start my own company. I had worked in the strategy group of a major multinational. I was trained through the traditional training schemes but I never had responsibility for a profit and loss account or a major operating unit. I have a young family, mortgage, and aging parents. This was a huge decision for me. My friend suggested I talk with some people before I decided to leave my job.

The headhunter said it would be a wrong move for me. He said it would take me out of the corporate market and I wouldn’t be able to return. Another headhunter said the exact opposite and thought this would enhance my CV. A VC who is friends with my wife said I didn’t have the experience and thought I was risk-averse. I took a bunch of career and psychological tests; they were inconclusive.

I couldn’t make up my mind. I was paralyzed in terms of decision-making. I went to a FinTech conference and met a really impressive serial entrepreneur. I asked her advice and she looked me in the eyes and asked, “Where’s your passion? What’s your commitment? If you had these, you wouldn’t be going around in circles.”