Keep It Simple On That VISION

You need $400 to buy a share of that company in the US stock exchange. One company came out and said you can also buy a portion if you have just $1, $2 , etc. Magically, Robinhood invented an amazing business model in America.  They call it fractionalization, splitting of shares, tokenization and many more names.

Forget the name, all we know is that it did one thing: it offered ordinary people ways to own portions of companies irrespective of their financial capacities. In the past, you must have at least $400 to buy a unit share of that company. Today,  you can own a portion for $5 or whatever you can afford.  Through that simple ingenious new business model, Robinhood became a multibillion dollar company.

Innovation should not be a rocket science; those problems we  face daily are opportunities waiting to be solved. Look at the Nigerian stock exchange, what innovation can we deploy? Look at the Nigerian housing market, what can you do? Look at our education, agriculture, etc – what simple ideas could make a great difference?

Keep it simple even though the hardest thing to execute is the simplest idea! Because everyone wants to be seen solving complex problems. #simple

Comment on Feed

Comment 1: Interesting! Sir I’ve been doing some research and reading ? about Fractional real estate investing through equity crowdfunding in Nigeria. The thing is that I’m not a tech person. And I don’t have any experience in real estate investing and finance. However, I’ve been following you closely and reading almost every of your posts on LinkedIn and Facebook, which I find very interesting and educating. If we can really give Nigerians a legit, authentic and ubiquitous equity based crowdfunded investment Platform such as Robinhood, Crowdcube etc where Nigerians will channel their resources and get returns on their invested capital. It would have been much better than all these betting platforms that are turning our citizens into gambling addicts.

Comment 2: In Nigeria, where buying power is limited, embracing fractionalization holds the key to inclusive prosperity. By revolutionizing access to investments, housing, education, and agriculture through fractional ownership, we can empower Nigerians to participate in the nation’s growth via great business model. #innovation through #Simplicity

Comment 3: Thanks Prof! I like the phrase you have used here, ” keep it simple because the hardest thing to execute is the simplest idea”. This is so correct especially if you consider the extent to which some entrepreneurs go just to publicise what they do. The simpler the platform the easier it is to get others to mount your boat…

Comment 4: Tokenization has been integrated into almost all industries where all can access opportunities at their levels.

The business of the future is not just grand innovations but basically value addition and simplifying existing models.

Thank you prof for sharing Ndubuisi Ekekwe

Comment 5: Love this already. I still wonder why our pace of Innovation is really slow. Problems are out there waiting for a very simple solution. With the removal of the fuel subsidy and the unified exchange rate which is now available through I&E window alone, I can picture simple business Ideas from each of these policy.

Our dependency on fussil fuel engines due to subsidy really slowed our development, and now with the high price of fuel alternative energy industries can thrive, providing better and more affordable options for the masses.

Comment 6: Prof don’t we have tokenisation embedded already, how low could we go. We have sachet (pure) water, sachet washing powder, sachet kaikai, sachet noodles, etc. Na mini miniature go b d next level. In Nigeria, wider Africa , infact most of the less developed countries, people have mimimalised most things for the sake of survival. This references we have to western standards has impoverished many globally. New business models and references are now required. Our western education has served, but like everything else, it comes in cycles. Funny the same west is no longer shouting out loud about globalisation, whatever happened to that economics. Did they get it wrong. Have they agreed that they got it wrong. Should the rest of the world wait till they come up with their next ‘blue sky’ thinking, or devise alternative solutions that address local issues. There are too many theories out there, that do not seem practicable

My Response: The message here is Keep Things Simple. It is possible I will use Cowbell and Peak Milk next month on the same message. I decided to use Robinhood today. Nothing is new in this world. What is hard is understanding that greatness can come via simple solutions. I like Tesla but I have only $5, can I also invest in it when it sells for hundreds of dollars? We just have to keep pushing as a people.

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