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OWNER, BABY ACCESSORIES: You Need To Define Your Porblem And Solve It

About this video 

Tolu and his wife run a company that sells baby accessories. He spends his typical day managing inventory and developing new business. He advises that when you are older, you're no longer given a problem with a set answer like you are in school as a kid - you need to define the problem yourself.

Degree: Business
Job Title: Owner of a Baby Accessories Shop
Employer: Self-Employed

Job Summary: Entrepreneurs

Job Description

Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled. An entrepreneur sees an opportunity and exercises initiative by organizing a venture to turn an idea into reality. An entrepreneur is often seen as a business leader and innovator of new ideas and business processes.

On-the-Job Training

No

Additional Info

Entrepreneurship is defined by risks and rewards. Most people who become entrepreneurs are more comfortable with risks; prefer unstructured working and learning environments and collaborating with small team of people.

Quick Facts

Average salary
Average salary
National Statistic Change Location
Confirm
$0 - $200,000
Projected job growth
Projected Job Growth
Not applicable
Typical schedule
Typical schedule
Varies Widely, Full-time, Long hours
Typical workplace
Typical workplace
Home, Indoor, Office, Remote
Personal qualities
Personal Qualities
Adventurous, Courageous, Creativity, Leadership ability, Problem solving skills, Public speaking ability, Teamwork, Verbal communication skills, Networking, Organizational skills, People skills

Educational Path

Education requirement
Education Requirement
Bachelor's degree
View Detailed Career Data
P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='350'>Hi,</span> <span m='1300'>my</span> <span m='1440'>name</span> <span m='1560'>is</span> <span m='2120'>Tolu</span> <span m='2690'>Akinola,</span> <span m='3280'>and</span> <span m='3980'>I</span> <span m='5215'>help</span> <span m='5520'>run</span> <span m='5750'>a</span> <span m='5870'>company</span> <span m='6870'>along</span> <span m='7100'>with</span> <span m='7240'>my</span> <span m='7360'>wife</span> <span m='7920'>that</span> <span m='8280'>retails</span> <span m='8840'>baby</span> <span m='9310'>accessories.</span> <span m='10320'>These</span> <span m='11010'>accessories</span> <span m='11560'>include</span> <span m='12450'>baby</span> <span m='12660'>blankets,</span> <span m='13320'>booties,</span> <span m='14400'>slippers,</span> <span m='15560'>little</span> <span m='15790'>security</span> <span m='16370'>tags,</span> <span m='16830'>those</span> <span m='16940'>sort</span> <span m='17140'>of</span> <span m='17260'>things.</span> <span m='17580'>So</span> <span m='18450'>just</span> <span m='19050'>little</span> <span m='19340'>things</span> <span m='19560'>that</span> <span m='19840'>kids</span> <span m='20160'>use</span> <span m='21170'>from</span> <span m='21620'>when</span> <span m='21790'>they're</span> <span m='21940'>born</span> <span m='22200'>until</span> <span m='22450'>about</span> <span m='23310'>the</span> <span m='23600'>first</span> <span m='24310'>two</span> <span m='24450'>years</span> <span m='24780'>of their</span> <span m='25070'>life.</span> </p><p><span m='25560'>It</span> <span m='25860'>really</span> <span m='26135'>varies</span> <span m='26590'>on</span> <span m='26790'>a</span> <span m='26870'>couple</span> <span m='27120'>of</span> <span m='27210'>things.</span> <span m='27930'>Sometimes</span> <span m='28960'>it's</span> <span m='29830'>about</span> <span m='30880'>checking</span> <span m='31130'>up</span> <span m='31270'>on</span> <span m='31370'>inventory,</span> <span m='31920'>making</span> <span m='32189'>sure</span> <span m='32360'>we</span> <span m='32450'>have</span> <span m='32600'>enough</span> <span m='32850'>product</span> <span m='33340'>to</span> <span m='33460'>actually</span> <span m='33880'>sell.</span> <span m='35150'>I</span> <span m='35210'>spend</span> <span m='35450'>a</span> <span m='35520'>lot</span> <span m='35660'>of</span> <span m='35730'>time</span> <span m='35940'>thinking</span> <span m='36270'>about</span> <span m='36490'>how</span> <span m='36690'>to</span> <span m='36840'>get</span> <span m='37060'>new</span> <span m='37230'>customers</span> <span m='38010'>or</span> <span m='38480'>actually</span> <span m='38800'>going</span> <span m='39170'>in</span> <span m='39260'>the</span> <span m='39360'>process</span> <span m='40080'>of</span> <span m='40430'>talking</span> <span m='40710'>to</span> <span m='40820'>people</span> <span m='41280'>and</span> <span m='41370'>try</span> <span m='41520'>to</span> <span m='41590'>get</span> <span m='41740'>them</span> <span m='41880'>to</span> <span m='41980'>carry</span> <span m='42260'>our line,</span> <span m='42770'>that sort</span> <span m='43255'>of thing.</span> </p><p><span m='44710'>I</span> <span m='44820'>have</span> <span m='45040'>a</span> <span m='45660'>degree</span> <span m='46220'>in</span> <span m='46370'>business.</span> <span m='46880'>And</span> <span m='47810'>I've</span> <span m='47890'>always</span> <span m='48090'>been</span> <span m='48250'>interested</span> <span m='48570'>in</span> <span m='48950'>the area of</span> <span m='49130'>running</span> <span m='49560'>a</span> <span m='49670'>retail--</span> <span m='52030'>selling</span> <span m='52340'>things,</span> <span m='53150'>finding</span> <span m='53330'>out</span> <span m='53550'>why</span> <span m='53760'>people</span> <span m='55690'>want</span> <span m='55820'>to</span> <span m='55860'>buy</span> <span m='56410'>what</span> <span m='56630'>they</span> <span m='56740'>buy.</span> <span m='57190'>And</span> <span m='57900'>how</span> <span m='58100'>price</span> <span m='58560'>points</span> <span m='59310'>and</span> <span m='59520'>brand</span> <span m='59900'>and</span> <span m='60280'>different</span> <span m='60840'>aspects</span> <span m='61390'>of</span> <span m='61680'>a</span> <span m='61890'>product</span> <span m='62620'>experience</span> <span m='63630'>change</span> <span m='64489'>how</span> <span m='64670'>people</span> <span m='64930'>behave.</span> <span m='65820'>So</span> <span m='66300'>that's</span> <span m='66550'>just</span> <span m='66660'>something</span> <span m='66930'>I</span> <span m='67010'>found</span> <span m='67470'>very</span> <span m='67710'>interesting.</span> </p><p><span m='68610'>What</span> <span m='69000'>I</span> <span m='69040'>wish</span> <span m='69270'>I</span> <span m='69350'>knew</span> <span m='69870'>earlier.</span> <span m='71270'>So</span> <span m='71720'>when</span> <span m='71860'>you're</span> <span m='72060'>a</span> <span m='72120'>kid</span> <span m='72960'>and</span> <span m='73050'>you're</span> <span m='73140'>going</span> <span m='73320'>through</span> <span m='73480'>school,</span> <span m='74080'>you're</span> <span m='74750'>given</span> <span m='75060'>problems</span> <span m='75580'>that</span> <span m='75710'>have</span> <span m='75890'>definite</span> <span m='76250'>answers.</span> <span m='77140'>And</span> <span m='77490'>you're</span> <span m='78250'>taught</span> <span m='78840'>how</span> <span m='79070'>to</span> <span m='79230'>work</span> <span m='79560'>to</span> <span m='80030'>the</span> <span m='80190'>answer</span> <span m='80470'>that's</span> <span m='80730'>given.</span> </p><p><span m='82750'>When</span> <span m='82980'>you're</span> <span m='83230'>older,</span> <span m='83660'>you</span> <span m='83790'>actually</span> <span m='84130'>find</span> <span m='84530'>out</span> <span m='84780'>that</span> <span m='86050'>you</span> <span m='86500'>need</span> <span m='86650'>to</span> <span m='86740'>define</span> <span m='87120'>the</span> <span m='87200'>problem</span> <span m='87610'>yourself.</span> <span m='88690'>And</span> <span m='88920'>so</span> <span m='89720'>really</span> <span m='90270'>figuring</span> <span m='90710'>out</span> <span m='90930'>what's</span> <span m='91330'>the</span> <span m='91450'>right</span> <span m='91850'>problem</span> <span m='92260'>to go</span> <span m='92500'>and solve</span> <span m='94020'>is</span> <span m='94600'>the</span> <span m='95020'>most</span> <span m='95340'>important</span> <span m='95770'>thing</span> <span m='95940'>for</span> <span m='96070'>you</span> <span m='96220'>to</span> <span m='96360'>be</span> <span m='96520'>able to</span> <span m='96670'>do.</span> <span m='100940'>The</span> <span m='101600'>most</span> <span m='103470'>important</span> <span m='103940'>questions</span> <span m='104300'>for</span> <span m='104470'>you</span> <span m='105060'>are</span> <span m='105920'>problems</span> <span m='106290'>that</span> <span m='106440'>you</span> <span m='106560'>will bring</span> <span m='106970'>up</span> <span m='107150'>yourself</span> <span m='107570'>and go</span> <span m='108036'>figure out,</span> <span m='108970'>not things</span> <span m='109440'>that have</span> <span m='109530'>been</span> <span m='109630'>given</span> <span m='109930'>to you.</span> </p>","file":{"id":360164,"video_id":"3227432787001","name":"2070-Tolu-OwnerBabyAccessories1","duration":111619,"thumbnail_url":null}});